Dear Friends and Colleagues,

The magnitude 8 earthquake that hit southwestern China's Sichuan Province on May 12th, 2008 destroyed thousands of buildings, roads, schools and hospitals and claimed over 50,000 lives. In just 12 seconds, more than 170 towns, including those in the proximity of Chengdu City, were either destroyed or badly damaged. More than 45 million people were affected by the earthquake; the worst natural disaster to hit China in 30 years.

We at ISG Capital Management, Ltd. (“ISG”) are especially saddened by the tragedy due to our longstanding relationship with the disaster area. Many of our staff are either from that region or have close friends and relatives still living there. Some staff members have been working on development projects around Chengdu and elsewhere in Sichuan for years. Our founder, Li Li, began her career as a high school teacher in the 1980s and is from a family of educators whose hometown is Chengdu.

As you know, ISG's current principal business is real estate investment in China supported by our in-house team of highly experienced real estate professionals. Our close ties to the stricken region and our real estate expertise have led us to the conclusion that the best long-term contribution that ISG can make to help the people affected by this tragedy is to rebuild a school for the students of the town of Dayi.

Dayi County, located at the Longmenshan seismic zone, which is located about 50 kilometers from the epicenter, suffered a great number of casualties and heavy property losses in the earthquake. 107 schools were affected by the earthquake. All told, the earthquake resulted in close to USD40million in economic losses in the area. Due to their close proximity to the earthquake zone, many schools that remain standing are badly damaged and are no longer safe to hold classes. Many students are studying in temporary schools and tents, so the need for rebuilding schools is urgent. This very poor agricultural county is in a dire situation. Although the county is located in one of the most heavily affected areas, it has not been assigned direct reconstruction funding from other provinces and cities by the government. It has received very little social support.

Chujiang School, which is a nine-year boarding school, is one of the schools that suffered extensive damage from the earthquake. The school, with a total area of 16,750 square meters, can hold 1200 people in 24 classes, but only 3,275 square meters of school construction can still be used now. The school plans to build 7,614 square meters of new teaching buildings and dormitories to hold the current students and other students from nearby areas who can not go back to their original schools because they were destroyed in the earthquake. They are in need of money and social help to reconstruct the school.

Since the initial earthquake, ISG has mobilized its team and its established network in the area of the earthquake and all over China to identify a rebuilding project. Through a partnership with The Chengdu Education Foundation, we have chosen to rebuild Chujiang School in Dayi County. To date, ISG has secured all of the required government approvals for the project, including key approvals from Shanghai, where ISG has its main office, and from the Chengdu Education Bureau. Dayi County is part of the "Greater Chengdu" municipality and Chengdu has oversight responsibility for Dayi County. Our agreement to manage this project is with the Chengdu Education Bureau, who, along with an independent Fund Management Committee, will monitor the use of these funds and the quality of the reconstruction project from beginning to end.

Therefore, we ask for your support of our initiative to raise USD3MM to rebuild Chujiang School. In a very short time, we will be ready to start construction.

With your contribution and our dedication we can together make our wish come true. After all the unspeakable losses, our contribution to the rebuilding of lives in Dayi will help end the suffering and provide a means for the students of Dayi to return to a proper learning environment in the not too distant future.