UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Series A Convertible Perferred Stock | Â (1) | Â (1) | Common Stock | 1,000,000 | $ (1) | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
XD Engineering Plastics Co Ltd PO BOX 957, OFFSHORE INCORPORATIONS CTR ROAD TOWN TORTOLA, D8 00000 |
 |  X |  |  |
/s/ Piao Qiuyao | 01/21/2010 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Series A Convertible Preferred Stock shall be automatically converted upon successful increase of the total authorized shares of common stock into fully paid nonassessable shares of Common stock at the approximate ratio of 1:39 shares of Common stock so that all 1,000,000 shares of Series A Convertible Preferred stock shall convert into 38,194,072 shares of Common Stock. |
(2) | Series B Preferred stock shall have an aggregate voting power of 40% of the combined voting power of the entire company's shares, Common Stock and Preferred stock as long as the Company is in existence. |