Exhibit 10.4


                                 PROMISSORY NOTE



TO:      Brave Lion (HK) Co., Ltd.
         Room 1908, Harbour Center
         25 Harbour Road, Wanchai
         Hong Kong

For value received,  in respect of our purchase of 5.75% of the total issued and
outstanding  shares  Qingdao  Haier  Pharmaceutical  Co.,  Ltd. from you and the
subsequent  legal  transfer  of these  shares to us, as per our Share  Ownership
Purchase and Transfer Agreement dated May 30, 2001, we hereby promise to pay you
the amount of USD $739,300 (U.S. Dollars Seven hundred and thirty-nine  thousand
and three hundred only), on or before November 30, 2001.

Issued this 30th day of May, 2001.


/s/ Mahmoud S. Aziz
- --------------------------------------------
For and on behalf of
SINO PHARMACEUTICALS CORPORATION