News Release(Aug 27, 2004)

Tianjin Inabata Trading Co.,Ltd. begins operations in Tianjin, China; relocates to new office


Tianjin Inabata Trading Co.,Ltd. began operating on the 20th of this month. The company was originally established in May this year in order to strengthen domestic plastic sales, focusing on the Beijing-Tianjin regions.
The Inabata Sangyo (H.K.) Ltd., Tianjin Rep. Office will continue operating as usual.
Furthermore, with the establishment of Tianjin Inabata Sangyo Trading Co., Ltd., both the new company and Inabata Sangyo (H.K.) Ltd., Tianjin Rep. Office moved to a new common address on August 22.

1) Overview of the new company
Name: Tianjin Inabata Trading Co.,Ltd.
Established: May 26, 2004
Paid in capital: $200,000
Equity participation: Inabata Sangyo (H.K.) Ltd. 100%
Representative: President Osamu Nishimura (Inabata Sangyo Manager for Northeast Asia)
Employees: 4
Address: 6th floor, Tianjin International Building, 75, Nanjing Road, Heping Dist, Tianjin, China.
Tel: 86-22-23118270
23118271
Fax: 86-22-23118273

2) New Address of Inabata Sangyo (H.K.) Ltd., Tianjin Rep. Office
6th floor, Tianjin International Building, 75, Nanjing Road, Heping Dist, Tianjin, China.
Tel: 86-22-23118272
Fax: 86-22-23118273

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