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GSP-2, Inc.(fka GSPO)

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GSP-2, Inc.(fka GSPO)

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ndatty Free
04/18/15 9:15 PM
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We were incorporated in the State of Nevada on December 31, 2009 as a blank check development stage company formed for the purpose of acquiring an operating business, through a merger, stock exchange, asset acquisition or similar business combination. Prior to the reverse acquisition of Shiny Gold on February 11, 2011, we made no efforts to identify a possible business combination and had not previously conducted negotiations or entered into a letter of intent concerning any target business. Acquisition of Shiny Gold Limited On February 11, 2011, we completed the reverse acquisition of Shiny Gold through the share exchange whereby we acquired all of the issued and outstanding ordinary shares of Shiny Gold in exchange for 12,800,000 shares of our common stock, par value $0.001 per share, which shares constituted approximately 92.8% of our issued and outstanding shares, as of and immediately after the consummation of the share exchange. As a result of the share exchange, Shiny Gold became our wholly owned subsidiary and the former shareholders of Shiny Gold became our controlling stockholders. The share exchange transaction with Shiny Gold was treated as a reverse acquisition, with Shiny Gold as the acquirer and the Company as the acquired party. Upon the closing of the share exchange, Peter Goldstein, our then sole officer, resigned from all offices that he held. In addition, Mr. Goldstein resigned from his position as our sole director. Upon the closing of the reverse acquisition, our Board of Directors appointed Yushan Wei to fill the vacancy created by the resignation of Mr. Goldstein. In addition, our Board of Directors appointed Yushan Wei to serve as our President and Chief Executive Officer and Yufeng Wei as our Chief Operating Officer. Current Operations As a result of the share exchange, the Company is now a China-based agriculture company which engages in research and genetic development of corn seed, cultivation, production, purchasing, storage, and distribution of corn and other agriculture products. The Company sells high quality agricultural products as raw materials for commercial livestock feed, food production and other renewable energy uses. We plan to change our name to more accurately reflect our new business operations at some point in the future. We believe that we have developed a unique model for the Chinese agricultural industry. As Chinese governmental policies place more restrictions on the people of China to reduce the size of their families, there are less people to farm the agricultural crops. The Company’s business model is designed to vertically integrate and manage integral aspects of the agricultural process as a producer, processor, marketer and distributor of agricultural products. In addition to the corn cultivation, purchasing and distribution business, the Company also engages in research, and genetic development of the seed used for growing corn. The Company sells corn seed to local seed distributors that in turn sell to the local farmers, and provides a full service facility for farmers when the corn is fully grown and harvested. The Company’s state of the art facilities purchase, separate, store and distribute corn products for the farmers. The Company also plants and harvests corn and rice on our leased land and intends to leases more land with the proceeds from a future financing. The Company serves our well established customer base in Jilin province with its 180 employees. With additional funding, the Company anticipates the expansion of our corn seed research and development effort and the acquisition of additional land rights, farming equipment, storage facilities and additional distribution facilities. Gongzhuling State Agriculture Science and Technology Park location of 998 kilometers, Line 102, Gongzhuling, Jilin China Phone: (86) 434 627 8415
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