DRGV .0002 SUBSIDIARIES Shanghai Dragon Capital Management

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DRGV .0002 SUBSIDIARIES Shanghai Dragon Capital Management and Consulting Co., Ltd.
http://www.drgv.us/subsidiaries/
Shanghai Dragon Capital Management and Consulting Co., Ltd., founded in 2005 and wholly owned subsidiary of Dragon Capital Group, is an investment consulting firm located in Shanghai, China that specializes in raising capital and consulting in a number of areas, including trading information, public relations, corporate management, merger & acquisition, financial management, corporate strategic evaluations and human resources. In addition to its ongoing business, Shanghai Dragon Capital management oversees all of the Company’s operations, investments and interests in China and will be an important source of financial and operational support for the Company’s Chinese subsidiaries.

Shanghai Dragon Capital Services include:

Providing small and medium private technology enterprises with consulting services for obtaining a listing on the US stock market.
Consulting services for the US enterprises wishing to invest in China and introducing advanced U.S. techniques to Chinese enterprises.
Offering consulting services for client’s management of investments in the Shenzhen and Shanghai stock markets.
Offering investment banking and investor relations.
Providing agency services for business applying for regulatory approval in China
Offering consulting for human resources managers.
Providing consulting for corporate asset evaluation.
Offering consulting for corporate legal affairs.
Providing consulting for mergers and acquisitions


Shanghai Yazheng Information Technology Co., Ltd.

Founded in 2000, Shanghai Yazheng Information Technology Co., Ltd. (Yazheng) has two divisions. One division is engaged in developing information technology in China by introducing advanced software and hardware products from the US. Yazheng is developing and programming a variety of software applications for both domestic and foreign companies. Taking advantage of skilled system analysts, programmers and developers in software and hardware in Shanghai, Yazheng has become one of major software development companies in China. Yazheng’s services include network software, e-business software development, financial and enterprise information management systems and other related technologies. The second division is engaged in Wireless short messaging services. In December 2003, Shanghai Yazheng received a license to operate as a wireless content provider, aggregator and mobile marketing provider in Shanghai.



Shanghai Cnnest Technology Co., Ltd.

Shanghai Cnnest Technology Co., Ltd. (Cnnest) was established in 2002. Cnnest is dedicated to commercial Third-Generation (3G) wireless applications and mobile business solutions. Based on wireless 3G platforms, Cnnest’s objective is to take advantage of a host of new mobile internet applications. Cnnest intends to become one of the leading companies in the field of mobile Internet solutions and applications. Since 2004, Cnnest became a national partner of Tencent, Inc (Hong Kong stock exchange: 700) to offer 3G online products for China Mobile (NYSE: CHL) and China Unicom (NYSE: CHU). In 2005, Cnnest will seek to cooperate with several of the top cell phone manufacturers such as Motorola and Nokia for imbedding their software applications. Cnnest operates one website (www.xinkom.com/) and wireless 3G-based platform that offer real estate services through the mobile Internet. Shanghai Cnnest Technology Development Co., Ltd.

Shanghai Cnnest Technology Development Co., Ltd. (Cnnest) was established in 2002. Cnnest is dedicated to commercial Third-Generation (3G) wireless applications and mobile business solutions. Based on wireless 3G platforms, Cnnest’s objective is to take advantage of a host of new mobile internet applications. Cnnest intends to become one of the leading companies in the field of mobile Internet solutions and applications. Since 2004, Cnnest became a national partner of Tencent, Inc (Hong Kong stock exchange: 700) to offer 3G online products for China Mobile (NYSE: CHL) and China Unicom (NYSE: CHU). In 2005, Cnnest will seek to cooperate with several of the top cell phone manufacturers such as Motorola and Nokia for imbedding their software applications.



Shanghai Zhaoli Technology Co., Ltd.

Shanghai Zhaoli Technology Co., Ltd. is an information technology enterprise providing innovative technology solutions to enhance its customer’s businesses. Zhaoli generated approximately $20 million in sales in 2004, and approximately $26 million in sales in 2005. Zhaoli’s customers include financial institutions, telecommunication companies, hospitals, supermarkets, airports, railway stations, and various government agencies. Zhaoli is an authorized general agent and distributor for a wide array of manufacturers, including Epson, Cannon, Hewlett Packard, Ricoh, Brother, Star and Samsung. Zhaoli has a wide-spread sales channel, with headquarters in Shanghai and nine additional branch locations. The locations range from an approximate 50 square foot mall location in the southwestern central business district to an approximately 330 square foot mall location near People’s Square. Each of these branch locations is staffed with five to six employees. At each of the locations, Zhaoli sells laser printers, copiers, scanners, facsimile machines, multi-functional office equipment, module routers, switches, video telephones, computers supplies, and network products and network integration. Zhaoli obtains these products directly from the manufacturers. Zhaoli is also qualified as a technical service center for Epson, Canon, Hewlett-Packard and OKI products and provides equipment repair services for its customers. Zhaoli has also developed an ERS software system for enterprises to manage accounting, distribution, inventory and sales.
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