<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>cdwi8kex101122905.txt
<DESCRIPTION>ENGLISH SUMMARY OF THE EQUITY TRANSFER TERMSHEET
<TEXT>

                                                                    Exhibit 10.1

                    Summary of the Equity Transfer Agreement


Transferors               - Tai Yi  (holder  of 38% total  equity  interest  in
                           Shanghai  Kena  Energy  Saving  Electric Co Ltd ("the
                           Company");

                           - Zheng Chang (holder of 32% total equity interest in
                           the Company);

                           - Zhang Naiyao  (holder of 25% total equity  interest
                           in the Company).

Transferee                 Shanghai TCH Data Science & Technology Co. Ltd

The Transfer               Transferors to transfer 95% total equity  interest in
                           the  Company  to the  Transferee,  together  with all
                           rights  attached  (including  but not  limited to the
                           right to receive  dividends  and the right to appoint
                           directors)

Consideration              Transferee  to pay a  total  consideration  in sum of
                           RMB28,500,000.00 to the Transferors:
                           - Payment  of  RMB11,400,000  to Tai Yi for 38% total
                           equity interest in the Company;
                           -  Payment  of  RMB9,600,000  to Zheng  Chang for 32%
                           total equity interest in the Company
                           - Payment  of  RMB7,500,000  to Zhang  Naiyao for 25%
                           total equity interest in the Company

Date of the Agreement      29 December 2005

Effective date of the      Date of registration of the Transfer
Transfer

Payments of                - Payments  to be made  within 10 working  days after
consideration              the registration of the Transfer has been approved by
                           the State Administration for Industry and Commerce
                           - Payments to be made to the  Transferors by Shanghai
                           Sifang Co. Ltd on behalf of the  Transferee  (details
                           of such  arrangement to be agreed by the  Transferors
                           and the Transferee and Shanghai Si Fang Co. Ltd)


Tax                        Each party shall bear their own tax liability




</TEXT>
</DOCUMENT>
