WHITE SWAN HOTEL, HANGZHOU, CHINA

INVITATION FOR JOINT VENTURE COOPERATION



  Hangzhou is the capital city of Zhejiang Province. It was the capital city of
two dynasties in ancient China. with a history of more than 2000 years. Hangzhou
is ocated in the eastern coastal area of China and is 200 kilometers from Shanghai,
the biggest city in China. Hangzhou is famous for its beautiful West Lake and the
Thousand-Isle Lake a mecca of tourists and distinguished guests from all over the
world. There are 1.45 million people in metropolitan area and 6 million people in
the Greater area of Hangzhou City. More than 30 million domestic and foreign
tourists visited Hangzhou annually in recent years.

  The White Swan Hotel is located in the centre of downtown area and is 500
metres from the West Lake. Based on the hotel standard of three stars, the hotel
has 200standard guest rooms and luxury suites, dining-rooms with 350 seats,
ballrooms, gymnasiums, recreation rooms, various meeting rooms and a 6,000
square meter department store. The total floor space is 22,000 square meters.
Now another 45,000 square meter building with 300 guest rooms and a 15,000
meter department store is under construction. The building will top off in 1999
and put into operation in 2000.

  Upon the completion, the White Swan Hotel will cover a floor space of
67,000 square metres, At that time, it will have more than 500 guest rooms and
two big department stores and reap a high profit. The total investment of the
second round construction is 850 million. We sincerely invite foreign inverment
cooperation with a suggested ratio of 30--50%, Companies, organizations and
individuals are kindly requested to contact us for detailed information.


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  TEL: 0086--571--7061017, 7074772, 7061015

  FAX: 0086--571--7061019

  Come into contact with Miss Li.

  E-mail: smb21<smbwz@mail.hz.zj.cn>