"Leveraging the extensive expertise and experience of its subsidiary CGW in the water utility sector, the Company intends to expand into all aspects of the China water industry and provide manageable, efficient, and profitable solutions to address the water crisis in China."

New China Ventures Ltd., is a company organized under the laws of the State of Nevada. On July 31, 2006, the Company signed a definitive agreement for a six-month review option to acquire 100% of China Beijing CGW Water Technology Centre ("the Transaction"). In consideration of their share holdings in CGW, the current shareholders of CGW on closing of the transaction will receive RMB200,000 (roughly $25,000) and will receive a further RMB800,000 (roughly $100,000) within one year of the date of the closing of the transaction.
Investments in Chinese water utilities.

CGW was established in 1999 by a group of experienced water management experts in China. CGW engages in various water-related consulting services such as research and development of technologies in urban water supply, water conservation, agricultural irrigation, and sewage treatment, water technology transfers, public awareness of water issues and exploration of water resources.
Investments in Chinese water utilities infrastructure
CGW has participated in various major projects in China in alliance with other local and foreign water supply enterprises. Such projects include:
Investments in Chinese water utilities.
Conducting a feasibility research for the water supply construction of Guangdong Ren Hua Dong Tang Xian
Investments in Chinese water utilities infrastructure
Organizing a training course for China-Israel International Agricultural Program for Water Conservation and Irrigation Technologies
Investments in Chinese water utilities.
Supervising the water conservation and irrigation construction for Hu Liu River, Wei County, Hebei Province
Investments in Chinese water utilities.
Managing the water conservation and irrigation construction project of the water filed in HE Guan District, A Lingda River, He Gang City
Investments in Chinese water utilities infrastructure
Supervising the construction of a water supply plant in the Guangdong Ren Hua Dong Tang Pian
Investments in Chinese water utilities.
Overseeing the comprehensive development of an agricultural water irrigation backbone construction for Yue Feng Guan District, Ci County, Hebei Province
Investments in Chinese water utilities.
Supervising the water conservation and irrigation construction for Chao He Yuan Well, Cheng De City, Feng Ning County, Hebei Province
Investments in Chinese water utilities infrastructure
Conducting research on the optimized allocation of water resources and water conservation theories
Investments in Chinese water utilities.
With a series of successful projects over the past 5 years, CGW has established itself as a leading water consultancy firm in China and has earned praises and respects from within the industry.
Investments in Chinese water utilities.
Going forward, CGW will serve as the foundation upon which NCVL management will build a leading water company. The Company will, through a series of mergers and acquisitions and/or joint ventures, acquire a portfolio of cash-flow generating water companies in China. NCVL will leverage CGW's technical expertise and wealth of experience to deliver value-added, efficient and profitable water solutions.
Investments in Chinese water utilities infrastructure
Company management expects all acquisitions and joint ventures will be held through a wholly-owned investment holding company to be registered in the British Virgin Islands ("BVI Holding Co.").