CONTENTS

• WEST-TO-EAST GAS TRANSMISSION PROJECT - ANOTHER INCENTIVE FOR CHINA'S CONSTRUCTION MACHINERY MARKET
• HYDRAULIC EXCAVATOR MARKET RECORDS UNPRECEDENTED GROWTH
• BOMAG STARTS PRODUCTION IN SHANGHAI
• CHANGZHOU HYUNDAI INCREASES PRODUCTION
• SHANGHAI TENG FA: A FAST GROWING SPECIALIST RENTAL COMPANY
• YITUO CORPORATION UNDERGOES RESTRUCTURING
• YITUO AND VALTRA TO PRODUCE TRACTORS IN CHINA

FINANCIAL RESULTS

MID-YEAR 2002

• LIUGONG
• XIAMEN
• XUANHUA
• XUGONG SCIENCE & TECHNOLOGY (XCMG)
• ZOOMLION
• SHANTUI