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Extension Agreement

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Exhibit 10.3


Extension Agreement


Shen Long Qing Xu Xie Zi (96) No0069


Transaction Unit: Shenzhen City Longgang District Foreign Economic
Services Company


Party A: Concord H.G. Electronic Manufacturer
Party B: Concord Camera (Hong Kong) Company Limited of Hong Kong


The original Shen Long Wai Yin Zi (086) No 507 Agreement entered by the two parties expired on 28 October 1996. As there was good cooperation in the discharge of the original Agreement by both parties and in order to further expand the production development, following friendly negotiations the two parties hereby agree to extend the terms of the original Agreement
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