GENERAL

We were incorporated under the laws of the state of Florida in the United States in May 1999. We are authorized to issue 50,000,000 shares of common stock, no par value, of which 16,861,250 shares of common stock are issued and outstanding. We are authorized to issue 20,000,000 shares of preferred stock, no par value, of which no shares are issued and outstanding.

We were incorporated to explore the feasibility of acquiring interests in several businesses located in China in which our president, Mr. Cheng Wan Ming, had an ownership interest. On January 1, 2000, we acquired controlling equity interests in three such China registered...