HARTCOURT - Germany/Europe

[gustavgans]

The proposed consideration to be paid by the Company for the acquisition is about 415 million restricted shares of our common stock. ZDSG has agreed to guarantee the total profit after tax of ZDEG and ZDHL of not less than RMB 25 million (US$ 3.29 million), RMB 35 million (US$ 4.6 million) and RMB 50 million (US$ 6.58 million) each year for the three years following closing (2007-2009). The Company and ZDSG agreed that the above-mentioned restricted shares shall be released to the vendors in three equal installments in three years on the condition of the above mentioned profits realized accordingly.

Ich würde das so verstehen, daß der Kaufpreis tatsächlich ungewiss ist, d.h. 3 Jahre lang 138 Mio Aktien zu einem Zeitpunkt x. Dann wäre es doch auch in dem Interesse von Chongquing, daß der Aktienkurs steigt und steigt und steigt...

Gustav