SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
ONLINE CREDIT LTD

(Last) (First) (Middle)
2601 ISLAND PLACE TOWER
510 KING'S RD

(Street)
NORTHPOINT, HONG KONG, PRC F4 00000

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
EVISION INTERNATIONAL INC [ EVIS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) X Other (specify below)
beneficial
3. Date of Earliest Transaction (Month/Day/Year)
08/03/2004
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Restricted Common Stock 08/03/2004 J(1) 18,340,000 A (2) 70,745,671(3)(4) D
Restricted Common Stock 08/03/2004 J(5) 66,235,765 A (6) 70,745,671(3) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
ONLINE CREDIT LTD

(Last) (First) (Middle)
2601 ISLAND PLACE TOWER
510 KING'S RD

(Street)
NORTHPOINT, HONG KONG, PRC F4 00000

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) X Other (specify below)
beneficial
1. Name and Address of Reporting Person*
HENG FUNG SINGAPORE PTE LTD

(Last) (First) (Middle)
2601 ISLAND PLACE TOWER
510 KING'S RD

(Street)
NORTHPOINT, HONG KONG, PRC F4 00000

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) X Other (specify below)
beneficial
1. Name and Address of Reporting Person*
HENG FUNG HOLDINGS LTD

(Last) (First) (Middle)
2601 ISLAND PLACE TOWER
510 KING'S RD

(Street)
NORTHPOINT, HONG KONG, PRC F4 00000

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) X Other (specify below)
beneficial
1. Name and Address of Reporting Person*
CHAN FAI

(Last) (First) (Middle)
2601 INSLAND PLACE TOWER
510 KINGS RD N POINT

(Street)
HONG KONG K3 999999999

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) X Other (specify below)
beneficial
Explanation of Responses:
1. The Reporting Party is reporting shares reacquired through a mutual rescission of a transaction executed on February 25, 2004. In that transaction, the issuer was required to compensate Richway Partners, Ltd. with 18,340,000 common shares. These shares were newly issued on February 25, 2004 and will be returned to the issuer.
2. See footnote 1.
3. Heng Fung Singapore Pte, Ltd beneficially owns another 4,693,141 shares and Heng Fung Holdings, Ltd. and Fai Chan beneficially owns another 4,943,141 (which includes the 4,693,141 shares beneficially owned by Heng Fung Singapore Pte, Ltd.).
4. The 18,340,000 shares reported in this Form are not included in this amount. Those shares are being returned to the treasury of the Issuer and are not considered issued or beneficially owned.
5. The Reporting Party received these shares through a mutual rescission of a transaction executed March 12, 2004. That transaction transferred ownership of five convertible debentures issued by the Issuer. Those convertible debentures were subsequently converted into 66,235,765 common shares before the rescission.
6. See Footnote 5.
Online Credit Limited 08/06/2004
Heng Fung Singapore Pte, Ltd 08/06/2004
Heng Fung Holdings Ltd. 08/06/2004
Fai Chan 08/06/2004
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (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).
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