Hong Yuan Holding Group (HGYN)

[Don Hanson]

Great dissertation PHATLANDER !!

Enjoyed every word of your factual memo.

Thanks so very much for taking the time
to lay this situation with CERP out so well.

It would be very helpful for me in my forward
planning to get your opinion on where you think
Cereplast might be in the next 24 months. This
is provided that things go reasonably well.(PPS)

Not looking for guarantee's only your OPINION.

Thanks again for a job well done.

Don