|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
|
| |||||||||||||||||||||||||||||||||
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 2270 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
|||
(A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Zhang Xiaoxiong 3/F, BLOCK B, 11 LANGSHAN RD HI-TECH INDUSTRIAL PK, NANSHAN DISTRICT SHENZHEN, F4 518057 |
 |  X |  | please see Remarks |
/s/ Xiaoxiong Zhang | 09/02/2010 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The securities were gifted by Hunchun Baoli Communication Co., Ltd. which is a wholly owned subsidiary of China Poly Group Ltd. Mr. Xiaoxiong Zhang is the controlling shareholder of China Poly Group Ltd. |
(2) | These securities include 924,296 shares owned directly by Hunchun Baoli Communication Co., Ltd., 353,065 shares owned directly by China Poly Group Ltd., and 600,000 shares owned directly by Baoli Investment Group Ltd. Pursuant to an understanding between Baoli Investment Group Ltd. and Mr. Xiaoxiong Zhang, Mr. Zhang has shared voting and dispositive power with respect to the securities directly owned by Baoli Investment Group Ltd. Mr. Zhang disclaims beneficial ownership of the securities owned by Baoli Investment Group Ltd. |
 Remarks: Mr. Zhang was a 10% or greater shareholder of the Issuer at the time of the gifts.  As a result of the gifts, he owns less than 10% of the Issuer's shares. |