Land Use Rights and Nurseries

Land Use and Similar Agreements

There is no private ownership of land in the PRC. Land is owned by the government and the government grants land use rights for specified terms. Therefore, we have entered into several long-term agreements to use land and/or cultivate yew trees on such land, as summarized in the following table:
Date of Agreement
Transferor
(Lessor)
Location
Land Use Area
Term
March 21, 2004
Wuchang City
Forestry Bureau
Wuchang City
1,000,000 mu
30 years
March 22, 2004
Chengshan Niu
Beichuan Village,
Pingshan Town
125 mu
50 years
April 4, 2004
Pingshan Town
Government
(Beichuan Village
Committee)
Beichuan Village,
Pingshan Town
400 mu(1)
50 years
March 25, 2005
ZTC
Lalin Town,
Wuchang City
361 mu
30 years
January 18, 2008
Shukun Jiang and
Shubao Jiang
Pinshan Dalazi
Mountain
290 mu
50 years
March 4, 2010
Heilongjiang
Pingshan Yew
Comprehensive
Development Co., Ltd.
Pingfangdian,
Wuchang City
15,865 mu
45 years
July 18, 2012
Huazhong Liu
Beizhao Village,
Hongxing Town,
A¡¯cheng District
117.5 mu(2)
16 years
Nov. 15, 2013
Heilongjiang Zishan, Gufen Limited, Co.
Wuchang Pingfangdian, Forestry Centre, Helongjiang Provence
2,565 mu
38 years

(1)This agreement provides for 400 mu, which is the total usable area subject to the agreement. A survey completed after the 

agreement was entered into concluded that a total of 955 mu is covered by the agreement, to which revised amount the parties
 have agreed.

(2)This agreement provides for 117.5 mu. A survey completed after the agreement was entered into concluded that a total of 148
 mu is covered by the agreement, to which revised amount the parties have agreed. 



 





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