Employment Agreement
Decided
by the Board of Directors, Xx. Xxx, Xxxx, is appointed as the Chief Executive
of
Finance of Yanbian Huaxing Ginseng Co., Ltd.
Main
responsibilities of the position are as follows:
1.
|
Oversee
the corporate finance in accordance with the Accounting
Regulations of the People’s Republic of China,
General
Principles of Corporate Finance,
and Financial
Management System
developed by the company.
|
2.
|
Assist
the president to manage and supervise corporate finance, perform
the
financial decisions by the board of directors accurately, take charge
of
the allocation of all the corporate capitals, manage the capitals
of the
company’s investments, handle the operation of the corporate capitals and
related activities, and manage the securities of the
company.
|
3.
|
Develop
corporate financial plan, control auditing analysis, raise capitals
legally, make use of the corporate assets effectively, and make every
effort to increase the corporate economic
benefits.
|
4.
|
Supervise
and manage the finances of the subsidiaries of the
company.
|
5.
|
Coordinate
financial and related activities with the departments dealing with
business, tax, and banks.
|
The
first
three months of employment from August 25, 2005 to November 25, 2005 will be
the
probation period. Monthly wage will be CNY$1,500. If considered not competent
for the job, the employee will be dismissed at any time during the probation.
After that, permanent employment period will be three years from December 2005
to December 2007. Monthly wage will be CNY$2,000. According to the law of the
state, employment health insurance will be provided.
Employee:
Ren, Ying
Yanbian
Huaxing Ginseng Co., Ltd.
August
25, 2005