Under the No. NongYinLuFu 2004 490 Approval to Open Uniform Credit Extension to Shandong Molong Petroleum Machinery Co., Ltd. issued by Agriculture Bank of China, Shandong Branch Office Agriculture Bank of China have granted Open Uniform Credit Extension of 150million RMB on credit to Shandong Molong Petroleum Machinery Co., Ltd. with validity of one year effected from 17th November 2004 to 16th November 2005.