GreaterChinaCorp (fka GCHC)

[chief]

Greater China Corporation
Corporate Headquarters
One Rockefeller Plaza, Suite 1010
New York, New York 10020
Tel: [phone] Fax: [phone]

GREATER CHINA CORPORATION

Project List
December 2008

Greater China Corporation (“GCC”) receives a constant flow of ideas and opportunities. In many cases these involve its Directors and Advisors. These Projects are evaluated as to their relevance to GCC”s business purpose (to preserve and enhance the value of every GCC share) as well as what resources will be required to realize value for GCC.

Since we live in a very unpredictable world, many factors that influence these Projects are outside of GCC’s control. Examples are government policies, exchange rates, changes in SEC regulations, and financial markets. While we are dealing with these uncertainties we will continue to keep overhead low, adapt quickly to changing circumstances, and pursue opportunities to generate positive cash flow through advisory agreements and transaction processing in order to keep dilution to a minimum.

The following is a brief description of some of the Projects GCC is developing. In many cases we have a 50% vested interest and in others we are still exploring the optimal structure for all parties. In all cases we look for a way to build substance quickly and to realize the value through consolidation with GCC or by selling or taking public the underlying company. The most effective way of achieving the latter is by distributing some of GCC’s shares to its own shareholders, thereby creating a separate public entity. In such cases GCC shareholders benefit directly from the new shares they receive and indirectly from GCC’s ongoing holding in the new company.

Advisory Relationships -- GCC has been negotiating with a number of major Chinese private and government entities for an advisory role. The list includes China’s largest airline, its largest pharmaceutical company, a major fruit exporting company, and two major city governments. With the change in the world financial order, many Chinese companies are looking to make investments, do acquisitions, and have access the U.S. market for their products. Chinese government entities are seeking ways to move from a manufacturing to a service based economy. GCC is ideally positioned to assist in all these areas.

China Art Fund -- GCC has a 50-50 joint venture agreement for the creation of a major art fund that caters to the growing interest in Chinese art in the west and to Chinese collectors who want to broaden their collection to include western art. GCC is acting as an intermediary in the sale of one major collection, and is also developing a financing plan for the Fund to take advantage of the values available as more collectors seek to gain liquidity.

China Outdoor Recreation Club.-- GCC has a 50% vested interest in this company which is designed to provide an outdoor experience for China’s growing middle class. These facilities, all within easy driving distance from major cities, provide families (and companies) with access to park-like settings by a lake, on a river, near the mountains, by the shore, etc. The facilities are basic and financially self-supporting, and the annual Club membership of $60-$100, when multiplied by the potential market of several million members, provides substantial cash flow.

Direct Sales - -GCC has been working with one of its Advisors to take advantage of the growing need in China and other countries for a way to employ mostly women to become direct sales entrepreneurs. Products are mostly in the skin-care, health and beauty lines, which are in growing demand in emerging countries. This company is in the process of raising its initial seed capital and has already attracted several subscribers.

Dragon Beach, Vietnam --GCC, with its major Vietnamese and U.S. partners, has been negotiating with the provincial and central government in Vietnam to establish a major resort and gaming development near Da Nang, Vietnam. The central government, after a number of indications that they were going to issue casino licenses to Dragon Beach, has still not finalized its gaming policies. However the Province of Quang Nam has decided to go ahead with the project based upon its touristic value, and a final agreement is expected shortly. GCC has a 5% vested interest in what is being termed an $8 billion project.

Mongolia Development - GCC, with local Mongolian partners and U.S. based Envirodesign, initiated a major real estate development project near the capital city of Ulaanbaatur. An important part of this was the use of the proprietary COMPONOFORM™ structural building system as well as a unique solar energy system, SolarMagic™. Both were invented by a GCC Advisor and entrepreneur. At the present time, with world real estate markets in a depressed state, GCC is pursuing the development of the SolarMagic™ system as a way to build value for GCC shareholders.

TongRenTang Wellness Centers - GCC has a 50% interest in this venture, which is designed to provide Traditional Chinese Medicine (“TCM”) products and services in a spa-like setting to international markets. Services include acupuncture, massage, and other oriental treatments. GCC has decided to focus on the high end of the prestige hospitality market and is in current negotiations with a major five-star hotel operator to establish the first pilot TRT spa.

Turtlesnap Ventures - GCC has a 50% vested interest in this Venture Capital Incubator which is designed to encourage innovation and job creation particularly in changing economies such as China. Because of the high profile and great potential value of this venture, a number of prominent investors have expressed interest in being involved