On November 27, 2006, the fifth meeting of the third board of directors of Panjin Guanghe Aquatic Products Co., Ltd. was held in the Dawa conference room. The participants were: Chairman Li Xiaodong, Vice Chairman Bai Yongan, Vice Chairman Xing Yong and directors Liu Jianjun, Liu Wei, Zhang Changxin, Meng Fanqiang, Dou Liyan. Also present at the board meeting were Chai Yongqing, general manager of the company, Gu Xiaokun, chairman of the company's board of supervisors, Xu Ying, general manager of Provincial Agricultural Development Fund Investment Management Co., Ltd., and Xu Liaoyu of Municipal Agricultural Development. The meeting was presided over by the chairman of the company, Li Xiaodong.

After careful discussion by the directors, the following resolutions were reached:

1. Agree with the "Implementation Plan and Funding Plan for Processing Projects (Appendix omitted)" proposed by Chai Yongqing, general manager of the company.

2. Agree to the "Opinions on Agreeing to Establish a Special Account and Jointly Sign with the Municipal Agricultural Comprehensive Development Office (Appendix omitted)", to ensure that the special funds are used exclusively.

3. Agree with the "2006 Annual Distribution Plan (Appendix omitted)" submitted by the company's general manager Chai Yongqing, and request the company's management team to immediately supplement the marketing department's distribution plan and submit it at the next board meeting.

4. In principle, agree with the plan of "2007 Production Project Plan (Appendix omitted)" submitted by General Manager Chai Yongqing, and require the company's management team to grasp the key points, make breakthroughs, strengthen management, and achieve higher output value and profit.

5. In principle, I agree with the "Investment Intention of Xingcheng Caozhuang Project (Annex omitted)" submitted by General Manager Chai Yongqing, but require the company's management team to conduct in-depth investigations, fully demonstrate from resources, management, technology and other aspects, and submit details at the next board of directors Report.

6. Agree with the proposal submitted by General Manager Chai Yongqing on the overall relocation of the company's address and the relocation of the processing project site from Erjiegou Town, Dawa County to Panjin Food Industry Recycling Park, but report it to the Provincial Agricultural Development Office in a timely manner in accordance with relevant regulations.

In addition, Chairman Li Xiaodong put forward the following requirements for the next step in the board of directors:

1. Do a good job in human resource management, vigorously introduce talents, and meet the needs of the company's continuous development.

2. Strengthen the construction of corporate culture, so that employees can be happy and satisfied in terms of income and value realization.

3. Manage to the next level and build a combat-effective team.

4. Improve core competitiveness and increase R&D efforts.

5. Do a good job in the accurate budget of the project to avoid loss-making projects.

This board of directors is the first board of directors after Liaoning Agricultural Development Assets Investment Management Co., Ltd. and Panjin Guanghe Aquatic Products Co., Ltd. officially become partners. According to the company's articles of association and the agreement signed by the two parties, the relevant issues arising from the cooperation between the two parties are discussed and formed. resolution, and clarified the focus and development direction of future work, and played a leading role in the development of the company's various work.