China World Trade - Based upon the Evaluation, our disclosure...

China World Trade - Recent Material Event

Item 5, require that the CEO and CFO disclose that information to our Board (audit committee), and to our independent auditors, and to report on related matters in this section of the annual report. In the professional auditing literature, "significant deficiencies" are referred to as "reportable conditions". These are control issues that could have significant adverse affect on the ability to record, process, summarize and report financial data in the financial statements. A "material weakness" is defined in the auditing literature as a particularly serious reportable condition where the internal control does not reduce, to a relatively low level, the risk that misstatement cause by error or fraud may occur in amounts that would be material in relation to the financial statements and not be detected within a timely period by employee in the normal course of performing their assigned functions. We also sought to deal with other controls matters in the Evaluation, and in each case, if a problem was identified; we considered what revisions, improvements and/or corrections to make in accordance with our ongoing procedures.

Conclusions

Based upon the Evaluation, our disclosure controls and procedures are designed to provide reasonable assurance of achieving our objectives. Our CEO and CFO have concluded that our disclosure controls and procedures are effective at that reasonable assurance level to ensure that material information relating to we are made known to management, including the CEO and CFO, particularly during the period when our periodic reports are being prepared, and that our Internal Controls are effective at that assurance level to provide reasonable assurance that our financial statements are fairly presented inconformity with accounting principals generally accepted in the United States. Additionally, there has been no change in our Internal Controls that occurred during our most recent fiscal quarter that has materially affected, or is reasonably likely to affect, our Internal Controls.

Table of Contents

PART II -- OTHER INFORMATION

Item 1. Legal Proceedings.

None

Item 2. Changes in Securities.

None

Item 3. Defaults Upon Senior Securities

None

Item 4. Submission of Matters to a Vote of Security Holders.

The Company held its Annual Meeting of Shareholders on August 8, 2007, and the following agenda items were submitted to a vote of security holders: 1) The election of 5 directors to hold office for a one-year term and until their successors are elected and qualified; 2) the approval of an amendment to our Articles of Incorporation to increase the authorized shares of common stock from 50,000,000 to 200,000,000 shares; and 3) the ratification of the appointment of Child, Van Wagoner & Bradshaw, PLLC as the Company’s independent public accountants for the fiscal year ending December 31, 2006. All three agenda items were passed by the requisite shareholder vote.

Item 5. Other Information.

None

Item 6. Exhibits and Reports on Form 8-K.

(a) Exhibits:

3.1	Articles of incorporation are hereby incorporated by reference from our registration statement on Form 10-SB, filed with the Commission on Jun 9, 1999, SEC File No. 000-26119.

3.2	By-laws are hereby incorporated by reference from our registration statement on Form 10-SB, filed with the Commission on Jun 9, 1999, SEC File No. 000-26119.
31.1		Rule 13a-14(a)/15d-14(a) Certifications of Chi Ming Chan, Chief Executive Officer
31.2		Rule 13a-14(a)/15d-14(a) Certifications of Larry Wei Fan, Chief Financial Officer
32.1		Section 1350 Certifications of Chi Ming Chan, Chief Executive Officer
32.2		Section 1350 Certifications of Larry Wei Fan, Chief Financial Officer

(b) Reports on Form 8-K;

- Completion of Acquisition or Disposition of Assets – Sale of New Generation business, filed August 27, 2007..

- Departure pf Directors or Principal Officers; Election of Directors; Appointment of Principal Officers – Larry Wei Fan appointed as CFO, filed September 4, 2007.

Table of Contents

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.