SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Jun. 30, 2012

Useful Lives of Property and Equipment

Depreciation is calculated using the straight-like method over the following useful lives:

Buildings	30-35 years
Machinery, equipment and automobiles	7-15 years

Exchange Rates Adopted to Translate Amounts from RMB into United States Dollars

The following exchange rates were adopted to translate the amounts from RMB into United States dollars (“USD$”) for the respective periods:

	June 30, 2012		March 31, 2012		June 30, 2011
Three Months End RMB Exchange Rate (RMB/USD$)		6.3249		6.2943		6.4716
Average Period RMB Exchange Rate (RMB/USD$)		6.3074		6.3933		6.5011