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| <NonNumbericText> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 6 - tsl:PrepaidLandUseRightTextBlock--> <div style="font-family: 'Times New Roman',Times,serif; margin-left: 0in; "> <div style="margin-top: 10pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="3%" nowrap="nowrap" align="left">6.</td> <td width="1%"> </td> <td>PREPAID LAND USE RIGHT</td> </tr> </table> </div> <div style="margin-top: 10pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="3%" nowrap="nowrap" align="left"> </td> <td width="1%"> </td> <td>Prepaid land use right represented land use rights for the Company’s business operations. Amounts recognized in profit and loss related to the prepaid land use rights were $221,624, $558,888 and $632,698 for the years ended December 31, 2008, 2009 and 2010, respectively.</td> </tr> </table> </div> <div style="margin-top: 10pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="3%" nowrap="nowrap" align="left"> </td> <td width="1%"> </td> <td>At December 31, 2008, 2009 and 2010, the land use right certificates for a certain portion of the Company’s land use rights amounting to $nil, $6,396,732 and $nil, respectively, had not been obtained.</td> </tr> </table> </div> <div style="margin-top: 10pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="3%" nowrap="nowrap" align="left"> </td> <td width="1%"> </td> <td>As of December 31, 2008, 2009 and 2010, land use rights of $2,557,672, $27,422,386 and $7,748,019 were pledged as collateral to secure the bank borrowings respectively. (see Note 10).</td> </tr> </table> </div> </div> </NonNumbericText> |
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