| This document is entirely in the Chinese language and has not been | | translated. The PDF format is filed as an
exhibit to this 10-KSB. |
Dated the 21st day of November 2003
HARTCOURT CAPITAL, INC.
AGREEMENT FOR SALE AND PURCHASE OF
Shanghai PengYang Computer Co., Ltd.
dated November 21, 2003 between Hartcourt Capital, Inc.