Second Supplementary Loan Agreement among Chinawe.com Inc., Chinawe Asset Management Limited, and Vivian Wai Wa Chu (July 1, 2007)

THIS 2^nd SUPPLEMENTARY AGREEMENT is made on 1 July 2007

BETWEEN

CHINAWE.COM INC., whose principal executive office is situated at Room 1304-05, Dongbao Tower, 767 Dongfeng Road East, Guangzhou, China 510600 (the “Company”)

CHINAWE ASSET MANAGEMENT LIMITED, whose principal executive office is situated at 1307, 13/F. Block A, 66-68 Tong Mi Road, Kowloon, Hong Kong (“CAM”)

VIVIAN WAI WA CHU [Holder of H.K.I.C. No. ________] (“Ms. Chuo”) of 1307, 13/F. Block A, 66-68 Tong Mi Road, Kowloon, Hong Kong

WHEREAS the Company is a corporation listed on the Nasdaq-OTCIBB of the United States: CAM is a wholly-owned subsidiary of the Company and Ms. Chu is a director of the Company.

This supplementary agreement is made to supplement the agreement dated May 6 2003 (the “Agreement”) and the supplementary agreement dated 1 January 2005 (the “Supplementary Agreement”) made between the Company and Ms. Chu.

NOW IT IS HEREBY AGREED AS FOLLOWS:

(1) The loan pursuant to the Supplementary Agreement (the “Loan”) was actually used by CAM and CAM should have the obligations to repay the principal and interests outstanding to Ms. Chu; and

(2) The repayment term of the Loan is extended to 31 December 2007.

Other terms in the Agreement and the Supplementary Agreement remain the same.