SMOUNT's high-quality financial outsourcing services have been well-recognized by its clients as professional, responsible, efficient and with high value. Hereafter are some credentials for references.

CFO Services(1):

1. Client background: Company A is a market leader in retailing sector in mainland China. After several private placements with worldwide financial investors, including one of the top 3 investment banks in the world, the Company is now preparing for its Initial Public Offering (“IPO”) in overseas capital market in late 2008 or early 2009. Therefore, the Company needs more professional management team in finance to improve its overall corporate governance, internal control over financial reporting and integration between finance department and other operation teams.

2. Our services cover:
   - Help the company enhance the financial reporting and internal control functions of the finance department;
   - Help the company set up and implement necessary financial analysis functions and a series of management reports to facilitate management's decision-making in business development; and
   - Help the company optimize its internal information system, standardize operation procedures to ensure the Company’s fast and healthy business expansion.

3. After service: With Smount team (Smount provided both CFO services and Accounting Restructuring services in compliance with IPO requirements), the Company is able to accelerate its IPO progress, together with its planned business expansion speed, to take over more market shares.

CFO Services(2):

1. Client background: Company B is an overseas retailing company, which engages in the sales of a famous U.S. sports brand. Since 2007, the Company has commenced to build up a retailing network in China.

2. Our services cover:
   - Help the Company enhance the accounting and internal control functions of the finance department;
   - Help the Company set up and implement necessary financial analysis functions and a series of management reports to facilitate management's decision-making;
   - Help the Company set up and implement a comprehensive budgeting system- to better integrate the Company's resources .

3. After service: With a more efficient management team and useful analytical tools, the Company is able to allocate its resources more appropriately for a faster business development, together with a better control of its assets on hand. With SMOUNT's help, the Company achieved its business expansion target in 2007. And now, SMOUNT is acting as the Company’s long-term Financial Advisor.

Acted as Finance Department to Takeover All Financial Functions (1):

1. Client background: Company C was founded in France in 1958 where the Company is the market leader in botanical beauty care, affirming its status as one of the world's foremost brands of plant-based beauty care products. In 2004 the Company came to China for its local production, purchase and sales.

2. SMOUNT has provided financial outsourcing services to this company for over 3 years. And, the services include:
   - Monthly bookkeeping and preparation of financial statements for both PRC statutory filing and group reporting purposes;
   - Help the Company supervise the daily operations of its logistic service provider and retailing stores, with outputs like monthly inventory movement report and sales report;
   - Help the Company in the handling of tax-related matters, which include monthly tax declaration, application and extension of its general VAT taxpayer position, expatriate's Individual Income Tax ("IIT") planning and filing etc.;
   - Represent on behalf of the Company in government relationship and communication, which includes annual filing of enterprise income taxes, annual reporting to government agencies/departments etc.

3. After service: Company C achieved tremendous growth, from zero to 13 branches in Shanghai, Beijing and Wuxi by the end of 2007, with total revenue over RMB1.0 million a month.

Acted as Finance Department to Takeover All Financial Functions (2):

1. Client background: Company D is a NYSE listed company which engages in the designing and manufacturing of semiconductor products.

2. Our services include:
   - Help the Company in handling of daily cash disbursements, payroll calculation and Individual Income Tax ("IIT") filing etc.
   - Monthly bookkeeping and preparation of financial statements for both PRC statutory filing and US group reporting purposes;
   - Represent on behalf of the Company in tax-related matters, which include monthly tax declaration, tax advisory services on and Corporate Taxes etc.; and
   - Represent on behalf of the Company in government relationship and communications, which include the open or liquidation of any of its subsidiary, representative offices in mainland China.

3. After service: SMOUNT is now acting as the national service provider in Finance for the Company. And, as a result, the Company was able to grow rapidly from 2 representative offices to 5 legal entities in mainland China, due to its more focus able to be spent on the development of core business in China.
   
   　

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