SUNGREEN INTERNATIONAL HOLDINGS LIMITED 綠 陽 國 際 控 股 有 限 公 司

9. TRADE RECEIVABLESThe Group allows a credit period from 30 days to 180 days to its trade customers. However, for certain customerswith long established relationship and good past payment histories, a longer credit period may be granted. Thefollowing is an aged analysis of trade receivables (net of impairment losses) at the balance sheet date:As at30 June2008RMB(unaudited)As at31 December2007RMB(audited)Aged:0–60 days 30,520,168 11,820,53961–120 days 23,020,383 18,793,536121–180 days 12,590,001 9,998,001181–365 days 546,166 951,639Over 365 days — —66,676,718 41,563,71510. TRADE PAYABLESThe following is an aged analysis of trade payables at the balance sheet date:As at30 June2008RMB(unaudited)As at31 December2007RMB(audited)Aged:0–90 days 1,266,727 117,63691–180 days 5,500 156,744181–365 days 1,900 125,913Over 365 days 7,761 76,7891,281,888 477,08211. BANK BORROWINGSDuring the period, the Group had repaid and raised bank loans of RMB27,000,000 and RMB18,000,000 respectively.At 30 June 2008, the Group had outstanding bank loans of RMB48,000,000. The proceeds were used to finance thedaily operations of the Group.– 12 –