DATED THE 30TH DAY OF AUGUST 2004
HARTCOURT CAPITAL, INC.
SHENZHEN RAISER INDUSTRIAL AND
DEVELOPMENT CO., LTD.
AGREEMENT FOR SALE AND PURCHASE OF
CERTAIN INTEREST IN THE REGISTRED CAPITAL OF
(GUANGDONG NEWHUASUN COMPUTER CO. LTD.)
THIS AGREEMENT is dated the 30th of August, 2004.
(1) HARTCOURT CAPITAL, INC., a company incorporated in the British Virgin Islands with its registered
office situate at Akara Bldg., 24 De Castro Street, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands
and its principal office situated at 3rd Floor, 710 Chang Ping Road, Shanghai China (the "VENDOR").
(2) (SHENZHEN RAISER INDUSTRIAL AND DEVELOPMENT CO., LTD), a company incorporated in
the People's Republic of China with its registered office situated at Rm 306, Rongshen Bldg, No. 88 Baguasan
Road, Futian, Shenzhen China (the "PURCHASER")
(A) As at the date of this Agreement, the Vendor is the beneficial owner of certain interests in the GuangDong
New Huasun as set out in column 2 of SCHEDULE 2.
(B) As at the date of this Agreement, the Purchaser is a PRC incorporated company in Shenzhen.
(C) The Vendor has agreed to sell and the Purchaser has agreed to purchase certain interests in the registered
capital of the Company as set out in column 3 of SCHEDULE 2, the aggregate of which represents 45% of the
registered capital of the Company (the "Sale Interests") in accordance with the terms and conditions of this
NOW IT IS HEREBY AGREED AS FOLLOWS:
1.1 In this Agreement (including the Recitals and Schedules), unless the context otherwise requires, the following
words and expressions shall have the following meanings ascribed to each of them below:
"AGREEMENT" this agreement for the sale and purchase of
the Sale Interest, as amended or
supplemented from time to time;
"COMPANY" has the meaning ascribed thereto in Recital