[Residential Apartment Bulk Purchasing Agreement Buyer: Seller: Under the principle of high quality and favorable pricing from Party B, with individual consents and Party A’s lead, according to the related regulations under “CONTRACT LAW OF THE PEOPLE'S REPUBLIC OF CHINA” and the “LAW OF THE PEOPLES REPUBLIC OF CHINA ON ADMINISTRATION OF THE URBAN REAL ESTATE”, at equality, voluntary, and] [Company Contact Investor Relations Contact: Mr. Ran Xiong, Deputy GM Mr. Crocker Coulson, President E-mail: xr968@163.net E-mail: crocker.coulson@ccgir.com Tel: +86 (91) 6262 2612 Tel: +1 (646) 213-1915 (New York) Mr. John Harmon, CFA, Sr. Account Manager E-mail: john.harmon@ccgir.com Tel: +86-10-6561-6886 (Beijing) China HGS Signs Another Residential-Apartment Bulk-Purchase Agreement Worth US$ 9.2 Million Hanzhong, Shaanxi province, CHINA June 14, 2011 The] [Entry into a Material Definitive Agreement. Item 1.01]