UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Pursuant to Section 16(a)
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
( ) Form 3 Holdings Reported
(X) Form 4 Transactions Reported
1. Name and Address of Reporting Person
Pearce, Phillip
6624 Glenleaf Court
Charlotte, NC 28270
2. Issuer Name and Ticker or Trading Symbol
China Premium Food Corporation
(formerly China Peregrine Food Corporation)
CHPF
3. IRS or Social Security Number of Reporting Person (Voluntary)
N/A
4. Statement for Month/Year
December, 1999
5. If Amendment, Date of Original (Month/Year)
N/A
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
7. Individual or Joint/Group Reporting (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect
|Transaction| | or Disposed of (D) | Securities |ect | Beneficial Ownership
|Date |Code| | Beneficially |(D)or |
| | | | A/| | Owned at |Indir |
| | | Amount | D | Price| End of Year |ect(I)|
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Common Stock |12/15/00 |J3 | 13,000 | A | $0.33 | | D |
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Common Stock |12/18/00 |J3 | 10,000 | A | $0.325 | | D |
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Common Stock |12/18/00 |J3 | 3,000 | A | $0.35 | 51,000 | D |
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Common Stock | | | | | | | |
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Derivative|2.Conversion|3. |4. |5.Number of |6.Date Exer- |7.Title and Amount|8.Price|9.Number |10.|11.Nature of
Security |or Exercise |Transaction | Derivative |cisable and | of Underlying |of Deri|of Deriva |Dir|Indirect
|Price of |Date |Code| Securities |Expiration | Securities |vative |tive |ect|Beneficial
|Derivative | | | Acquired(A)|Date(Month/ | |Secu |Securities|(D)|Ownership
|Security | | | or Disposed|Day/Year) | |rity |Benefi |or |
| | | | of (D) |Date |Expir | | |ficially |Ind|
| | | | | A/|Exer- |ation | Title and Number| |Owned at |ire|
| | | | | D |cisa- |Date | of Shares | |End of |ct |
| | | | Amount | |ble | | | |Year |(I)|
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Option for Common | | | | | | | | | | | | | |
Stock | | | | | | | | | | | | | |
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Option for Common | | | | | | | | | | | | | |
Stock | | | | | | | | | | | | | |
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___________________________________________________________________________________________________________________________________
Explanation of Responses:
Signature of Reporting Person:
/s/ Phillip Pearce
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Phillip Pearce
Dated February 12, 2001