North China Horticulture, Inc. (fka IDCX)

[sunsailor]

Interesting IDCX Youhao Forest's 20 Siberian Tigers

From IDCX 10Q ( 9/30/2011 ) p.12 & 13.
"NOTE 7 – PREPAID LAND USE RIGHT AND LONG-TERM GROW CROP INVENTORIES
Prepaid land use right
On June 23, 2011, the Company entered into a lease with the Youhao Forestry Bureau, Heilongjiang Province (the “Bureau”) to lease 59 acres of blueberry fields from the Bureau (the “Youhao Land”). The cost of land use right was $620,208, and ( IS BEING AMORTIZED OVER THE 50 YEAR LIFE OF THE LEASE.).

Long term growth crop inventories
On August 27, 2011, the Company has signed an agreement with the Bureau and agreed to pay the Bureau for the blueberry plants growing on the Youhao Land when it was leased. As of September 30, 2011, the total fair value of the blueberry plants was determined to be $1,376,661 and was paid to the Bureau. As of September 30, 2011, the plants were approximately three years old. A typical blueberry plant will mature in 6 years, after which it can be harvested. The Company currently plans to maintain the plants and harvest them.

In addition, the Company has agreed to pay a management fee to the Bureau for four years services on behalf of the Company for growing the plants from July 2011 to June 2015. The management fee is $857,966 for the first year, $260,793 for the second year, $288,923 for the third year, and $386,104 for the fourth year."
End Quote.

( Interestingly, 20 of the world's last 500 Siberian Tigers hang out wild in Youhao Forest. )

IDCX blueberry bushes 59 acres location CONVERSION: GPS/LATLON:

The Youhao Forestry Bureau is (from 128°07'34" E to 128°59'53" E, from 47°45'56" N to 48°33'25" N), located in the east of Heilongjiang Province & the middle of Small Khingan Mountains in northeastern China.

From Youhao Forestry Bureau contract:
"The rent duration is : 2011-07-01 to 2061-06-30, total 50 years."
-Quoted. ( MY POINT AGAIN IS IT'S AMORTIZED OVER 50 YEARS! )

Enterprise Name: Youhao Forestry Bureau, Heilongjiang.
Telephone: [phone]
Person to Contact: Wang Mingren
Corporate headquarters/ main office postal address
Fuqian Road, Youhao District, Yichun City, Heilongjiang Province, China, 153031
Contact: Ning Guobin
Email: [e-mail]
Main telephone
1370-458-5910
Website
http://www.yhlyj.com/
Total Area: 242,983 ha.
( Acres X .4 = Hectares. )

2004 YOUHAO FOREST Log production:

Volume (m3) IN CUBIC METERS

Korean Pine (Pinus koraiensis)
Spruce (Picea koraiensis)
23,000
Fir (Abies nephrolepis)
27,000
Larch (Larix olgensis)
24,000
Birch (Batula platyphlla)
55,000
Manchurian Ash (Fraxinus mandshurica)
3,000
Manchurian Walnut (Juglans mandshurica)
Linden (Tilia amurensis, T. mandshurica)
Poplar (Populus davidiana,P. ussuriensis)
11,000
Costata Birch (Betula costata)
14,000
Mongolian Oak (Quercus mongolica)
10,000
Elm (Ulmus propinqua, U. laciniata)
4,000
Total: 170,000 (m3)

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