09:55 CASIL TELECOM<01185>-Announcement & Resumption of Trading(2) from date of contract Payment of registered capital 55% in RMB 55% in RMB 55% in US$ equivalent 2nd instalment before 31 March 2006 Payment of registered capital 30% in RMB 30% in RMB 30% in US$ equivalent 3rd instalment before 31 March 2007 Number of directors a party Three Two Two may nominate (one of whom the (one of whom the (one of whom the chairman of the vice chairman of vice chairman of board and the the board) the board) Company's legal representative) Quorum requirements More than two-third of all directors Ordinary matters in board To be approved by more than two- third of all directors meeting: Senior management One general manager to be nominated by the chairman of the board, approved by the board Other senior officers including the chief accountant, chief engineer, chief economist, the financial controller to be nominated by the general manager and approved by the board Major obligations of the 1. obtain any approval of Jilin Sanyuan's projects; joint venture parties: 2. apply for approval, registration and obtain business licence from relevant authorities etc.; 3. confirm matters in relation to equipment, design, making purchase order and delivery of products etc.; and 4. report and obtain approval from relevant authorities regarding the electricity prices Transfer of registered capital: First right of refusal by remaining joint venture partner If remaining shareholders do not acquire the proposed joint venture partner, the remaining shareholders are deemed to have consent to such transfer Term of joint venture: 25 years from the date of the issue of business licence of Jilin Sanyuan Shares of loss and profits, pro rata to the registered capital of each joint venture partner return of capital: Governing law: PRC (2) Jiangsu Longyuan Parties: 1. Longyuan Electric 2. Nantong TSG Electric 3. Crownplus, wholly-owned subsidiary of the Company To the best of the Directors' knowledge, information and belief having made all reasonable enquiry, the joint venture partners and their respect ultimate beneficial owners are third parties independent of the Company and its connected persons and are not connected persons of the Group Company to be established *, a Sino- foreign equity joint venture enterprise to be (name subject to relevant established in Jiangsu Province, the PRC authority's approval): Business scope wind power generation; wind field survey and design and construction works; (subject to relevant full-set installation, testing, and maintenance and repairs of wind-driven generators; authority's approval): sale of electricity; and related