Asia Global Holdings Corp. (fka AAGH)

[srm4u]

On June 30, 2011, the board of directors of the Company approved a 1-for-1000 reverse stock split, or the Reverse Split, of all issued and outstanding shares of the Company's Common Stock in connection with its plans to attract additional financing and potential business opportunities. Upon the effectuation of the Reverse Split, our issued and outstanding shares will decrease from 292,138,409 to approximately 292,138. As of the date of this filing, the Reverse Split has not yet been effectuated.

Once the Reverse Split is effectuated, the Company will establish a new Series B Preferred Stock with 250,000 authorized shares. The Series B shares will have the same rights and preferences as Series A Preferred Stock and will be convertible to common stock by the holder at any time at a ratio of 1:200. The Company intends to issue to the director, Mr. Dong, 250,000 shares of Series B Preferred Stock in consideration for the assumption of certain debts and liabilities of the Company in the aggregate amount of $152,698.

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