Partnership Agreement

China Valves Technology Inc. of Kaifeng, China, has signed a strategic partnership agreement with the Centre for Advanced Photonics and Electronics (CAPE) at the University of Cambridge in the UK. Under the agreement, it will become the sole member of the CAPE steering committee in Greater China with the ability to veto any future new participants worldwide. In addition, China Valves can access research and development resources at the University of Cambridge through R&D projects in the fields of solid-state electronics and nanoscale science; electronics; power and energy conversion; and photonics, sensors and optoelectronics. The agreement is set in place for one year and will be automatically renewed year by year for an additional one year period each time, unless terminated earlier.