China MediaExpress Holdings, Inc. (fka CCME)

[derek2000]

CCME - Chimin's SAT forms are not authentic.

Because of Rato's response to one of my posts in CGS board, I started reading Chimin's SA article. The key damaging evidence from the article were three attached SAT (State Administration of Tax) forms for year 2008,2009, and 1Q2010, packed in one PDF files. The forms were supposed used by CCME to pay tax to Chinese authorities during the period.

I am 100% sure (and I normally does not use 100% when expressing an opinion) that the SAT forms as presented by Chimin are not authentic SAT forms. Each of the SAT forms has CCME's Chinese name (Fujian FenZhong), a very low revenue and low tax amount, but no signature by the legal representative of the company (ie. the owner), as required by the form, and no company's official seal (red stamp) as is required in the form and custom in China for official business.

It is as if someone put up Obama's name on an empty Form 1040 in US and claims Obama did not pay any taxes.

Detailed findings:

Here is the link to Chimin's pdf file (directly from from SA.)

http://www.scribd.com/doc/48276706/Ccme-Saic-and-Sat-Filings

You can check the pages 5, 6 and 7. Each representing a tax year. You do not need to read Chinese or know the tax code to know there is is no signature or red stamps in each of those forms. Only computer generated lines, typed words and numbers.


1) All three STA forms have CCME's Chinese name (Fujian FenZhong), each with a very low revenue and low tax amount.

2) On each of the forms, it requires a signature from the legal representative of the company. The signature is to certify that the amounts as reported are "accurate, true, and complete".

In CCME's case, CEO Cheng Zheng should be the legal representative of the company and should sign this line.

There is no signature from CCME, period, in all three forms. Without a signature, those forms are not considered legal documents.

3) At the bottom of the SAT forms (page 5 and 6), there are three boxes, each with three lines. Those boxes are
- a) (left box) Legal seal from the company/person reporting the tax, the name of the person who file the return, and filing date. All empty per Chimin's form.
- b) (middle) Legal seal from the tax preparer (such as a CPA), the license number for the preparer, and the reporting date: All empty (Note: This part is optional, but if (a) is empty this part must be filled.)
- c) (right box) Legal seals from the local State Administration office, the name of the tax inspector who processed the form, and processing date.

All of those box and lines are empty.

3) Typo and fonts in all three forms are the same. Remember that those three forms came from three different years (2008, 2009, 2010). If the forms were submitted by the company over three years, the inputs were likely typed in by different persons using different computers/typewriters. The fonts at each input line are too similar to smell like a creation by one person at one time.

4). In each of the document, the computer fonts between the form and input lines are the same. This is likely to happen when the forms and inputs are created by one person, using one set of computer program.

All in all, I am 100% sure that the SAT forms as presented by Chimin are not authentic SAT forms.