The Selling Shareholders may offer and sell, from time to time, any or all of the common stock registered pursuant to this Registration Statement. Because the Selling Shareholders may offer all or only some portion of the 426,104,020 shares of common stock to be registered, no estimate can be given as to the amount or percentage of these shares of common stock that will be held by the Selling Shareholders upon termination of the offering.
The following table sets forth certain information regarding the beneficial ownership of shares of common stock by the Selling Shareholders as of September 28, 2007, and the number of shares of common stock covered by this prospectus. The number of shares in the table represents an estimate of the number of shares of common stock to be offered by the Selling Shareholders. None of the Selling Shareholders are broker-dealers, or an affiliate of a broker-dealer to our knowledge.
Number on the left what they have, number in the middle what they can sell, on the right what they will have left over. the rest is the percentages.
SELLING SHAREHOLDERS - continued
Selling Shareholder Shares of Common Stock Owned Prior to Offering Shares of Common Stock to be Offered for Sale Shares of Common Stock Owned After the Offering Percentage of Common Stock Owned Before the Offering Percentage of Common Stock Owned After the Offering Bing Lue 2,000,000 400,000 1,600,000 0.13% 0.10% Bing Sun 750,000 150,000 600,000 0.05% 0.04% Bo Wang 1,650,000 330,000 1,320,000 0.11% 0.08% Chao Hui Peng 1,500,000 300,000 1,200,000 0.10% 0.08%
Ding Ding 1,200,000 1,200,000 0 0.08% 0.00% Gek Moi Ng 4,000,000 4,000,000 0 0.26% 0.00% Gui Xiu Wang 8,200,000 1,640,000 6,560,000 0.53% 0.42% Han Zhang 1,350,000 270,000 1,080,000 0.09% 0.07% Hang Yuan 32,309,528 12,120,835 20,188,693 2.07% 1.29% Hong Chang 1,500,000 1,500,000 0 0.10% 0.00% Hong Wei Liu 2,100,000 420,000 1,680,000 0.13% 0.11% Hui Min fu 1,700,000 340,000 1,360,000 0.11% 0.09% Hui Ming Chu 855,000 171,000 684,000 0.05% 0.04% James C. Duffy & Hao-Peng Xu Duffy (JT TEN) 1,200,000 1,200,000 0 0.08% 0.00% Ji Hui Ma 500,000 100,000 400,000 0.03% 0.03% Ji Sheng Pan 200,000 40,000 160,000 0.01% 0.01% Jian Xin Wang 500,000 100,000 400,000 0.03% 0.03% Jian Xin Xu 56,528,352 19,784,923 36,743,429 3.62% 2.35% Jie Li 2,500,000 2,500,000 0 0.16% 0.00% Jing Hong Zhang 300,000 60,000 240,000 0.02% 0.02% Jing Yi 1,000,000 200,000 800,000 0.06% 0.05% Jing Zhao 54,975,630 19,241,471 35,734,159 3.52% 2.29% Jun Jian Dou 700,000 140,000 560,000 0.04% 0.04% Jun Li 1,500,000 300,000 1,200,000 0.10% 0.08% Jun Lie Bai 5,000,000 1,000,000 4,000,000 0.32% 0.26% Kun Chang 1,050,000 210,000 840,000 0.07% 0.05% Kung Huang 700,000 140,000 560,000 0.04% 0.04% Li Li Wang 2,000,000 2,000,000 0 0.13% 0.00% Li Ming Xue 606,900 121,380 485,520 0.04% 0.03% Li Zhang 11,395,000 11,395,000 0 0.73% 0.00%
(1) Ning Jin is the controlling shareholder of Palm Tree Consulting Corp.
(2) Amy Wang is the controlling shareholder of Laguna Capital Consulting.
(3) Bryan Scott is the controlling member of ResetOne, LLC. (4) Despite having the same spelling of their names, these four shareholders are separate and unrelated individuals.
We will require the Selling Shareholders to suspend the sales of the securities offered by this prospectus upon the occurrence of any event that makes any statement in this prospectus or the related registration statement untrue in any material respect or that requires the changing of statements in these documents in order to make statements in those documents not misleading.