ZÜBLIN COMPANY PRESENTATION

JULY, 2004

TABLE OF CONTENT

Züblin Company Profile

Züblin in China

Project Proposal

Züblin Company Profile

Züblin Company Profile

A leading International Contractor

THE CORPORATION

Ed. Züblin AG ranks among the largest German contractors in the field of building construction and civil engineering with branch offices and numerous associated companies throughout Germany and worldwide.

The company is active in all sectors of construction, including design, consulting and project management as well as general contracting.Züblin maintains a strong position in the German as well as in the international construction markets through its innovative and technical capabilities supported by a solid financial foundation.

In recent years Züblin has diversified from a construction company into a group of companies capable of asserting their resources in many different ways. In addition to construction, the current range of activities also comprises the development and distribution of software for technical applications in the construction industry, fully automated material flow systems and compact warehouses, custom made and specially designed machinery and equipment, environmental technologies, project management and many other services.

Company Profile

Ed. Züblin AG

• Founded in 1898 by civil engineering pioneer Eduard Züblin from D’Alsace.

• Headquarter in Stuttgart (1912), network of 65 branches, companies and plants throughout Europe and abroad.

• Ranks among the largest German companies in building construction, civil engineering.

• Active in all fields of construction as well as related design and project management services.

• Strong through technological innovation and knowledge management.

• Solid financial footing based on core-business concentration with decentralized management structures.

• Private stock company held by 2 traditional entrepreneurial families in the construction industry.

• Working internationally since 1902; First pojects in China 1974; completed more than 200 projects in over 50 countries, of which over 30 in China

Turnover 2003

• Total Turnover € 1.4 billion

• Orders Received € 1.4 billion• Investments in Tangible Fixed Assets € 92.0 million

• Pretax Results € 15.7 million

TURNOVER DISTRIBUTION

• Building Construction 45%• Industrial Buildings 10%• Transportation Structures 6%• Heavy Structures & Foundations 36%• Component Plants 3%

WORLDWIDE EXPERIENCE

Active Worldwide !– Since 1953– In 50 Countries– Over 300 Projects

ACTIVITIES WORLDWIDE

Power Projects Hydroelectric

• Dams• Caverns

Cooling Towers• Conventional• Hybrid

Turnkey Industrial Plants Structures & Infrastructure

• Logistic Centers• Manufacturing Facilities• Offices

Special Foundations & Pits

Buildings Commercial

• Supermarkets• Offices• Hospitals

Municipal• Community Centers• Sports Centers

Bridges & Roads Concrete Bridges Cable Stayed Bridges

Harbors and Marine Works Jetties Docks Precision Piling

Waste Water Treatment Concrete Digesters Sewage Treatment Plants

HEAD OFFICE ORGANIZATION

Zublin International GmbHTechnical / Commercial Management

AreaSouth America

AreaAsia

AreaMiddle East

DepartmentCommercial /

Financial

DepartmentContracts

DivisionTunnelling

Zublin Chile

Zublin Peru

Shanghai

Beijing

Abu Dhabi

Lebanon

Egypt

TBM

Drill & Blast

Micro-Tunnelling

Pipe Jacking

Financing

AccountingInsurances / Guarantees

Procurement / TransportProject Administration

ControllingReporting

Personnel

Taiwan

Singapore

Malaysia

Thailand

DepartmentTechnical

Work Preparation

Plant & Equipment

Cost Estimation

IT

Ed. Zublin AGService Departments

BAV

ConstructionManagement,

Quantity Surveying

BT

Construction Material

Technology

HT

Mechanical, Electrial,Plumbing

SFB

Architecture & InteriorDecoration

TBK

Structural Engineering

TBT

Geo-Technology

TUB

Tunneling

Safety / EnvironmentQuality Assurance

Züblin in China

Züblin in China

Active in China for 30 Years

• Execution of first projects in the PRC: 1974

• Establishment Shanghai Branch: 1993

• Shanghai Changjiang-Zueblin Construction and Engineering Co.: 1993

• Establishment Beijing Office: 1995

• Ministry of Construction Certification as Foreign Contractor: 1995

• Züblin Construction Consulting (shanghai)Co., Ltd. 2003

• Shanghai Changjiang-Zueblin updated contractor’s certificate (as per new Construction Decree) 2004

Jan 1974 Dec 2002

1993Shanghai Office

1974Wuhan Steel

1979Baoshan Steel

1987Wuhan Steel

1988Guangzhou Harbor

1988Tianjin Steel

1989Shanghai Strategic Sewerage Project Phase 1

1993 - 2003Design-Build-Turnkey Projects

1995Beijing Office

1994Xiaolandi Dam

1994Tingkau Bridge

1994Tsingyi & Lantau Tunnels

1995SSSPP II

Züblin China Set-up

Shanghai Rep. Office (International GC Certificated)

Beijing Rep. Office (International GC Certificated)

Züblin Construction Consulting (shanghai) Co., Ltd

(China PM Certificated)

Changjiang Züblin Construction Co., Ltd.

(China Construction Certificated)

Business Scope in China

OUR CLIENTOUR CLIENT

ContractingContracting

Feasibility StudyFeasibility Study

Business LicenseBusiness License

ProjectProjectRegistrationRegistration

PermittingPermitting

CertificationsCertifications

Design (PDP and DD)Design (PDP and DD)

Geological SurveysGeological Surveys

EngineeringEngineering

Demolition & RenovationDemolition & Renovation

Civil & Civil & Structural WorksStructural Works

Construction WorksConstruction Works

Finishing WorksFinishing Works

M&E InstallationM&E Installation

Plant & Equipment Plant & Equipment ProcurementProcurement

Maintenance & WarrantyMaintenance & Warranty

CommissioningCommissioningSchedulingScheduling

AccountingAccounting

Documentation &Documentation &ReportingReporting

ContractContractControllingControlling

Cost ControlCost Control

Budgeting & EstimationsBudgeting & Estimations

Quality ManagementQuality Management(ISO 9001)(ISO 9001)

ProjectProject ManagementManagement

ConsultingConsulting

Terms of ReferenceTerms of Reference& Specifications& Specifications

ExpeditingExpediting

Environmental Assessment Environmental Assessment ReportsReports

Site WorkSite WorkSupervisionSupervision

Safety ManagementSafety Management

Tendering Tendering

Piling & Piling & Foundation WorksFoundation Works

SUPPORT - SERVICE - RESULTS!!!

General Management

Design &EngineeringManagement

ProjectManagement

SiteSupervision

CommercialManagement

Finance &Accounting

Procurement &Expediting

Insurance & Security

Administration

PersonnelIT SystemsPermits &Registrations

ConstructionManagement

Site Engineer

Schedulers

Authority Liaison

Superintendent

Foreman

QualityManagement

SafetyManagement

QuantitySurveyor

Value Engieer

EngineeringEngineer

ProjectCoordinatorContractManagement

Cost EngineeringEstimations

Architect

Design CivilEngineer

Design ElectricalEngineer

Design HVACEngineer

Design PlumbingEngineer

Ed. Zublin AGEngineeringDivision (ZT)

GeotechnicalCivil-Structure-ArchitecturalElectrical &InstallationHVACPiping & Mechanical

Stuttgart Team

Züblin Resources in China

Project Reference

Züblin References in China

Over CNY 7 billion total turnover in Greater China and

more than 4 dozen design-built projects successfully

completed since 1995.

(Please refer to attached List of Projects in China)(Please refer to attached List of Projects in China)

Project Reference: Liebherr New Plant, Dalian

Project Reference: Liebherr New Plant, Dalian

Project Reference: Liebherr New Plant, Dalian

Project Reference: Liebherr New Plant, Dalian

Project Reference: Schattdecor Plant, Shanghai

Project Reference: Schattdecor Plant, Shanghai

Project Reference: Schattdecor Plant, Shanghai

Project Reference: Schattdecor Plant, Shanghai

Project Reference: Berndes, Shanghai

Project Reference: OBI, Wuxi

Project Reference: Bayer, Shanghai

Project Reference: Fisher, Taicang

Project Reference: INA, Taicang

Project Proposal

General Contracting Services

Project Proposal

Services Provided by Züblin – GC Package

I. Permits &Basic Design

II. ExtendedDesign

III.Procurement

IV. Construction, Installation & CommissioningV. Production& Warranty

Terms of Reference Basic Design Pre-engineering / Extended

Engineering Requirements

3rd Party Expertise Health-Safety-Environment Geological Surveys

Authority Guidance Zoning Diligence Utility Diligence

Project Plans Execution Plan (Finance,

Administration, Personnel) Procurement Plan

(Work Breakdown Structure,Interface Matrix)

Project Controls(Schedules, Budgets,Review Milestones)

Quality Management System On-shore / off-shore Procurement Long-lead Items

Project Permits Project Approval (Lixiang) Feasibility Study Approval Business License Authority Registrations Project Investment

Incentives Land Transfer Contract

(Granted Land) Project Planning Permit

(Yellow Card) Project Land Use Permit

(Blue Card)

Design Extended Engineering Preliminary Design Proposal Extended PDP Detailed Design 3rd Party Check of DD

Vendor / Contractor Base Selection Project Debut Pre-qualifications Qualification Short-List

Tendering Instructions Specifications Bills of Quantity Schedules Conditions of Contract Securities and Insurance

Procurement Design Services Long-lead Items Temporary Installations Supervision Company (Jian Li) Test Piling

Project Approvals PDP Authority Guidance DD Approval Construction Planning Permit (Green Card) Contracting Permit (Red Card) Vendor Appointment Confirmations Import Master List SAFE Approval Registrations (Tax, Customs, Labor)

Project Management General Management Quality Management Health & Safety / Security

& Environmental Management Employer & Authority Liaison

Technical Office DD Management Fabrication Design Control Field Engineering & Method Control Testing / Lab Work Document Control Programming of Work Commissioning and Training

Construction Management Work Supervision & Coordination Quality and Safety Control Scheduling Material, Plant & Labor Control Statutory Approval Management Expediting

Contracts Management Procurement Payment Certification Variation & Claims

Management Taking-Over

Management

Commercial Management Cost Control Accounting A/P Management Taxation Personnel &

Administration Reporting

Project Management Close-out Management Project Review

Technical Office Operational & Maintenance

Manuals As-Built Documentation &

Statutory Archiving

Construction Management Statutory Acceptance

Management Remedial Work

Supervision & Coordination Annual Warranty Audits Reinforcement Training

Contracts Management Claims Management Performance Certification

Commercial Management Audits Tax Clearance Final Accounts Settlements

Statutory Approvals Labor Certification Quality Inspection Bureau Approvals Statutory Safety Expertise Fire Fighting System Expertise Zoning Compliance Expertise Landscaping Compliance Inspection Labor Bureau Inspections / Certifications Annual Construction Audits Annual Foreign Exchange Audits

Statutory Approvals Fire Fighting Bureau Inspection Hygiene Bureau Inspection Environmental Bureau Expertise Project Construction Funds & Tax Audit Final Quality Bureau Inspection Archiving Bureau Submissions Registration for Completion Final Acceptance by PB

Exhibit Staging of Management Services / 2004-07-01

Project Development Stage

Authority Coordination and

ccPermit Management

Design Management • Engineering• Value Management• PDP• Detail Design• Shop Drawings • As-built Drawings

Procurement Management

Quality Management

HSE Management

Schedule Management

Cost Management

Construction Management • Site Settle Up• Survey Control• Civil Construction• Finishing and Decoration• MEP Installation • Test and Commissioning

Operation Training (if any)

Warranty Services

Services Provided by Züblin – GC Package

Project Manager

Design Manager Commercial Manager Financing ManagerAdministration

Manger

ConstructionManager

Local DesignInstitute

Value Engineer

Scheduler

Quantity Surveyor

Contract Administrant

ProcurementEngineer

Accountant

Casier

Authority Liaison

Personnel Officer

Purchaser

Secretary

Office Boy

Civil EngineerProduction Shop

Civil EngineerOffice + Other Building

M+E Engineer

Superintendent

General ForemanFoundation

General ForemanSteel Work

General ForemanRoofing & Cladding

General FormanFinishing

General ForemanFoundation

General ForemanConcrete

General ForemanCladding

General FormanFinishing & Decoration

Superintendent Superintendent

General ForemanElectrical

General ForemanHVAC

General ForemanMechanical

General ForemanExternal Work

Project DesignEngineer

Quality Manager

Quality ControlEngineer

Site Safety Leader

Safety Engineer

Design Civil Engineer

Design ElectricalEngineer

Design HVACEngineer

Design PlumbingEnginner

Proposed Organization Chart

Fully supported by Züblin Headquarter.

Over 50 industrial plant project experiences in China

Local know-how and know-who, Good authority standing.

Highly reputed in quality management.

Quickly-mobilized, high qualified, reliable and stable team.

Good knowledge of local material markets, and long term based supply chain.

Benefits by Engaging Züblin

Project Mission

To manage the successful delivery of the investment.