| OTHER ASSETS |
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The other assets as of December 31, 2009 and 2010 is as follows: |
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December 31, |
|
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|
2009 |
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2010 |
|
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|
(RMB) |
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(RMB) |
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(US$) |
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Land use right
|
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85,239,597 |
|
|
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85,239,597 |
|
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12,915,090 |
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Deposit for purchase for office building
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— |
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18,921,000 |
|
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2,866,818 |
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Accumulated amortization
|
|
|
(579,629 |
) |
|
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(2,318,517 |
) |
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(351,290 |
) |
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Other asset, net
|
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84,659,968 |
|
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101,842,080 |
|
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15,430,618 |
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In June 2009, the Group made a prepayment for the purchase of a land use right amounting
to RMB85,239,597 in Zhuhai Hi-Tech Industrial Area in Guangdong Province. |
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In June 2010, the Group made a deposit for the purchase of an office building amounting to
RMB18,921,000 (US$2,866,818) in Shanghai. |
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