Replies to post #174 on ECGI Holdings Inc (ECGI)

[Potse]

queens9000...Jiao Xuding.....

I guess the two board members, CEO and CFO are increasing their common share holdings slowly after they took 97% of preferred voting power.
For common shares, now they are 5 major investors for SUIP.
The 3 investors and 2 board members. I don't know Jiao Xuding is still the share holder. He purchased 19M shares at 0.04. I don't see any filing after his purchase, so I assume he's still a share holder.

I picked up a 26K block of shares last week at 3 cents.

I don't think Jiao Xuding currently owns any shares of SUIP. The money involved in that $3M investment was returned, and all of the shares/warrants issued in connection with that investment were cancelled, as per the filing snippet you included in your post.....

On October 30, 2008, the Board of Directors of Sunrise authorized the termination and rescission of its previous sales of its common stock and stock purchase warrants in the aggregate amount of $3,000,000 that were sold by the Corporation to three non-us investors during January 2008. The Corporation have returned investors in the aggregate amount of $2,933,128, which includes (1): $750,000 cash to Weiquan Tian; (2) $750,000 cash to Xuding Jiao; (3) $900,000 cash and a convertible secured promissory note in the principal amount of $500,000 (U.S.) and its accrued interests of $33,128 (U.S.) from SJ Electronics, Inc. to Xuguang Sun and cancelled all the outstanding shares of common stock and stock purchase warrants previously issued to them.

As I mentioned in a previous post, that $3M investment demonstrated to me that SUIP's management has some interesting connections (which may or may not prove to be beneficial in the future): 1) SUIP's purchase of that SJEL convertible note was part of a SJEL financing that included some institutional investors and, 2) Jiao Xuding's direct investment in SUIP was something I found somewhat interesting because of who he is and the obvious extensive connections he may have developed over the years.

Jiao Xuding is 41 years old and Chairman/Founder of privately-held Copower Enterprise (he started the company when he was 26 years old). The link to his picture that I posted in a previous message was from his November 2010 appearance at the conference in Luxembourg, where he talked about China's energy supply, government incentives, and alternative/clean/sustainable energy.

Copower Enterprise website.....

http://www.microsofttranslator.com/bv.aspx?from=zh-CHS&to=en&a=http%3A%2F%2Fwww.copower.com.hk%2Fgb%2Findex%2Findex.php

Jiao Xuding's Chairman page.....

http://www.microsofttranslator.com/bv.aspx?from=zh-CHS&to=en&a=http%3A%2F%2Fwww.copower.com.hk%2Fgb%2Fcompany%2Fchairman.php