-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DePS8sWH0XcUzImtpjUq+V1/N/NcG1zQlmsIzW7R8+4TxBHVGdh0ntpnWATlPTz5 IJiy6dvSEmV6rG//mJd2ag== 0001144204-06-051481.txt : 20061206 0001144204-06-051481.hdr.sgml : 20061206 20061206153014 ACCESSION NUMBER: 0001144204-06-051481 CONFORMED SUBMISSION TYPE: PRE 14C PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20061206 FILED AS OF DATE: 20061206 DATE AS OF CHANGE: 20061206 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SINO-American Development CORP CENTRAL INDEX KEY: 0001000686 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 841286065 STATE OF INCORPORATION: CO FISCAL YEAR END: 0616 FILING VALUES: FORM TYPE: PRE 14C SEC ACT: 1934 Act SEC FILE NUMBER: 000-26760 FILM NUMBER: 061260062 BUSINESS ADDRESS: STREET 1: SUITE 905, 102-4369 MAIN STREET CITY: WHISTLER STATE: A1 ZIP: V0N 1B4 BUSINESS PHONE: 604-902-0178 MAIL ADDRESS: STREET 1: SUITE 905, 102-4369 MAIN STREET CITY: WHISTLER STATE: A1 ZIP: V0N 1B4 FORMER COMPANY: FORMER CONFORMED NAME: XERION ECOSOLUTIONS GROUP INC DATE OF NAME CHANGE: 20030507 FORMER COMPANY: FORMER CONFORMED NAME: IMMULABS CORP DATE OF NAME CHANGE: 20001031 FORMER COMPANY: FORMER CONFORMED NAME: NORTH AMERICAN RESORTS INC DATE OF NAME CHANGE: 19950915 PRE 14C 1 v059702_pre14c.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 14C INFORMATION
 
Information Statement Pursuant to Section 14(c) of the
Securities Exchange Act of 1934
 
Check the appropriate box:
 
 
x
Preliminary Information Statement
o
Confidential, for Use of the Commission Only (as permitted by Rule 14c-5(d)(2))
o
Definitive Information Statement
 
SINO-AMERICAN DEVELOPMENT CORPORATION
(Name of Registrant as Specified In Its Charter)
 
Payment of Filing Fee (Check the appropriate box)
 
 
x
No fee required.
 
 
o
Fee computed on table below per Exchange Act Rules 14c-5(g) and 0-11.
 
 
 
 
1)
Title of each class of securities to which transaction applies:
 
2)
Aggregate number of securities to which transaction applies:
 
3)
Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined):
 
4)
Proposed maximum aggregate value of transaction:
 
5)
Total fee paid:
 
 
 
 
 
o
Fee paid previously with preliminary materials.
 
 
o
Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
 
 
 
 
1)
Amount Previously Paid:
 
2)
Form, Schedule or Registration Statement No.:
 
3)
Filing Party:
 
4)
Date Filed:
 
 
 
 


INFORMATION STATEMENT
OF
SINO-AMERICAN DEVELOPMENT CORPORATION
1427 West Valley Boulevard, Suite 101
Alhambra, CA 91803
 
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.
 
The actions described in this Information Statement have already been approved by our majority stockholder.
A vote of the remaining stockholders is not necessary.
 
This Information Statement is first being furnished on or around December __, 2006 to the stockholders of record as of the close of business on December 8, 2006 of the common stock of SINO-American Development Corporation, a Nevada corporation (the “Company”).
 
A total of one stockholder beneficially holding 24,230,234 shares of the Company’s 28,416,500 issued and outstanding shares of common stock held by stockholders that are entitled to vote on the matters described in this information statement, has consented in writing to the actions described below. The shares of the Company’s capital stock entitled to vote by their holders on these actions are referred to in this information statement as the “Voting Shares.” Such approval and consent constitute the approval and consent of holders of a majority of the total number of the Voting Shares and are sufficient under the Nevada Revised Statutes and the Company’s Bylaws to approve the action. Accordingly, the action will not be submitted to the other stockholders of the Company for a vote, and this information statement is being furnished to stockholders to provide them with certain information concerning the action in accordance with the requirements of the Securities Exchange Act of 1934, as amended, and the regulations promulgated thereunder, including Regulation 14C.
 
ACTION BY
CONSENTING STOCKHOLDERS
 
GENERAL
 
The Company will pay all costs associated with the distribution of this information statement, including the costs of printing and mailing. The Company will reimburse brokerage firms and other custodians, nominees and fiduciaries for reasonable expenses incurred by them in sending this information statement to the beneficial owners of the Company’s common stock.
 
The Company will only deliver one information statement to multiple security holders sharing an address unless the Company has received contrary instructions from one or more of the security holders. Upon written or oral request, the Company will promptly deliver a separate copy of this information statement and any future annual reports and information statements to any security holder at a shared address to which a single copy of this information statement was delivered, or deliver a single copy of this information statement and any future annual reports and information statements to any security holder or holders sharing an address to which multiple copies are now delivered. You should direct any such requests to the following address:
 
SINO-AMERICAN DEVELOPMENT CORPORATION
1427 West Valley Boulevard
Suite 101
Alhambra, CA 91803
 


INFORMATION ON CONSENTING STOCKHOLDERS
 
Pursuant to the Company’s Bylaws and the Nevada Revised Statutes, a vote by the holders of at least a majority of the outstanding shares of the Company entitled to vote (the “Voting Shares”) is required to effect the action described herein. The Company’s Articles of Incorporation do not authorize cumulative voting for this matter. As of the record date, the Company had 28,416,500 voting shares issued and outstanding, consisting entirely of common stock, which for voting purposes are entitled to one vote per share. The consenting stockholder is the record and beneficial owner of 24,230,234 shares of the Company’s common stock, which represents approximately 85.268% of the total number of Voting Shares. Pursuant to NRS 78.320 of the Nevada General Corporation Act, the consenting stockholder voted in favor of the actions described herein in a written consent, dated December 5, 2006, attached hereto as Exhibit 1. No consideration was paid for the consent. The consenting stockholder’s names, affiliation with the Company and beneficial holdings are as follows:
 
Name
 
Affiliation
 
Voting Shares
 
Percentage
 
Fang Zhong
   
Stockholder, Director, Officer
   
24,230,234
   
85.268%
 
           
 
       
TOTAL
       
24,230,234
   
85.268%
 
 
INTEREST OF CERTAIN PERSONS IN OR OPPOSITION TO MATTERS TO BE ACTED UPON
 
None.
 
PROPOSALS BY SECURITY HOLDERS
 
None.
 
DISSENTERS’ RIGHT OF APPRAISAL
 
None.
 
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
 
The following table sets forth information regarding the beneficial ownership of our common stock as of December 5, 2006, for each of the following persons:
 
each of our directors and named executive officers;
     
 
 
all directors and named executive officers as a group; and 
     
 
 
each person who is known by us to own beneficially five percent or more of our common stock. 
 
 Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission. Unless otherwise indicated in the table, the persons and entities named in the table have sole voting and sole investment power with respect to the shares set forth opposite the stockholder’s name. Unless otherwise noted, the address of the other listed individuals is SINO-American Development Corporation, 1427 West Valley Boulevard, Suite 101, Alhambra, California 91803. The percentage of class beneficially owned set forth below is based on 28,416,500 shares of common stock outstanding on December 5, 2006.
 
Names:
 
Shares of common stock
beneficially owned
 
Percentage of class beneficially owned
 
Fang Zhong, Chairman, Director, CEO, President and Treasurer (1)(2)(4)
   
24,230,234
   
85.268
%
Hu Min, Secretary (1)(3)
   
775,167
   
2.728
%
Fang Wei Jun, Director (4)
   
775,167
   
2.728
%
Fang Wei Feng, Director (4)
   
0
   
0
%
Dick R. Lee, Director
   
0
   
0
%
All directors and executive officers as a group (5 persons) 
   
25,780,568
   
90.724
%
 
(1)
Mr. Fang Zhong and Ms. Hu Min are husband and wife.
(2)
Includes 775,167 shares owned by Mr. Zhong’s wife Hu Min, and 775,167 shares held in trust for Mr. Zhong’s minor nephew.
(3)
Excludes 22,679,900 shares owned by her husband, Fang Zhong.
(4)
Mr. Fang Zhong and, Mr. Fang Wei Jun, and Mr. Fang Wei Feng are brothers.
 

 
CHANGE IN CONTROL

None. 

NOTICE TO STOCKHOLDERS OF ACTIONS APPROVED BY CONSENTING MAJORITY STOCKHOLDERS
 
The following actions were approved by written consent of the consenting majority stockholders:

1:17 REVERSE STOCK SPLIT 
 
Material Terms, Potential Risks And Principal Effects Of The One-For-Seventeen Reverse Stock Split
 
Our Board of Directors and the consenting majority stockholders have adopted and approved resolutions to effect a one-for-seventeen reverse stock split of the common stock of the Company (the “Reverse Split”). The Board of Directors and the consenting majority stockholders believe that the Reverse Split is in the best interest of the Company and its stockholders because the Company believes the Reverse Split will maximize stockholder value. Management believes that the Reverse Split is in the Company’s best interest in that it may increase the trading price of its the common stock. An increase in the price of the common stock could, in turn, generate greater investor interest in the Company, thereby enhancing the marketability of the Company’s common stock to the financial community. The potential increases in the trading price and greater interest from the financial community could ultimately improve the trading liquidity of the Company’s common shares.
 
The immediate effect of the Reverse Split would be to reduce the total number of shares of the Company’s common stock from 28,416,500 to approximately 1,671,559 shares presently issued and outstanding. However, the Reverse Split will affect all of the holders of all classes of the Company’s common stock uniformly and will not affect any stockholder’s percentage ownership interest in the Company or proportionate voting power, except for insignificant changes that will result from the rounding of fractional shares.
 
The Reverse Stock Split will become effective with the filing of the Company’s Certificate of Amendment to the Certificate of Incorporation, as amended and in effect on the filing date, which will occur on a date not less than 20 calendar days after we mail this Information Statement to our record stockholders (the “Effective Date”). Under applicable federal securities laws, the Reverse Split cannot be effective until at least 20 calendar days after the Mailing Date.
 
After the Reverse Split becomes effective, there can be no assurance that the bid price of the common stock will continue at a level in proportion to the reduction in the number of outstanding shares resulting from the Reverse Split. For example, based on the closing price on the OTC Bulletin Board of our Common Stock on December 5, 2006 of $0.30 per share, when the Reverse Split is implemented at the one-for-fifty ratio, there can be no assurance that the post-split market price of our Common Stock would be $5.10 or greater. Accordingly, the total market capitalization of our common stock after the proposed reverse stock split may be lower than the total market capitalization before the proposed reverse stock split.
 
Additionally, the liquidity of our common stock could be affected adversely by the reduced number of shares outstanding after the Reverse Split. Although the Board believes that a higher stock price may help generate investor interest, there can be no assurance that the Reverse Split will result in a per-share price that will attract institutional investors or investment funds or that such share price will satisfy the investing guidelines of institutional investors or investment funds. As a result, the decreased liquidity that may result from having fewer shares outstanding may not be offset by increased investor interest in our common stock.
 

 
No fractional shares will be issued for any fractional share interest created by the Reverse Split, and stockholders will receive a full share of common stock for any fractional share interests created by the Reverse Split.
 
The Reverse Split will also likely result in some stockholders owning “odd-lots” of fewer than 100 shares of Common Stock. Brokerage commissions and other costs of transactions in odd lots are generally somewhat higher than the costs of transactions on “round-lots” of even multiples of 100 shares.
 
The Reverse Split will not change the number of authorized shares of the Common Stock as designated by our Articles of Incorporation, as amended, which currently authorizes us to issue 150,000,000 shares of Common Stock. The issuance in the future of such authorized shares may have the effect of diluting the earnings per share and book value per share, as well as the stock ownership and voting rights, of the currently outstanding shares of Common Stock.
 
Because the number of authorized shares of common stock will remain at 150,000,000 and the Reverse Split only applies to our issued and outstanding shares of common stock, the number of authorized, but unissued, shares of Common Stock will in effect increase after the Reverse Split, as compared to pre-Reverse Split. Although this action is not intended to have any anti-takeover effect and is not part of any series of anti-takeover measures contained in any debt instruments or the Articles of Incorporation or the Bylaws of the Company in effect on the date of this Information Statement, the Company’s shareholders should note that the availability of additional authorized and unissued shares of common stock could make any attempt to gain control of the Company or the Board more difficult or time consuming and that the availability of additional authorized and unissued shares might make it more difficult to remove management. Although the Board currently has no intention of doing so, shares of common stock could be issued by the Board to dilute the percentage of common stock owned by a significant shareholder and increase the cost of, or the number of, voting shares necessary to acquire control of the Board or to meet the voting requirements imposed by Nevada law with respect to a merger or other business combinations involving the Company.
 
Before and immediately following the Reverse Split, the number of shares of the Company’s common stock will be as follows (subject to slight adjustment for rounding of fractional shares):
 
 
 
Common Stock Outstanding
 
Authorized Common Stock
 
Pre Reverse Split
   
28,416,500
   
150,000,000
 
               
1 for 17 Reverse Split
   
1,671,559
   
150,000,000
 
 
Certain Federal Income Tax Consequences
 
The following summary of certain material federal income tax consequences of the Reverse Split does not purport to be a complete discussion of all of the possible federal income tax consequences and is included for general information only. Further, it does not address any state, local, foreign or other income tax consequences, nor does it address the tax consequences to stockholders that are subject to special tax rules, such as banks, insurance companies, regulated investment companies, personal holding companies, foreign entities, nonresident alien individuals, broker-dealers and tax-exempt entities. The discussion is based on the United States federal income tax laws as of the date of this Information Statement. Such laws are subject to change retroactively as well as prospectively. This summary also assumes that the shares of common stock are held as “capital assets,” as defined in the Internal Revenue Code of 1986, as amended. The tax treatment of a stockholder may vary depending on the facts and circumstances of such stockholder.
 
EACH STOCKHOLDER IS ADVISED TO CONSULT WITH SUCH STOCKHOLDER’S TAX ADVISOR WITH RESPECT TO THE PARTICULAR TAX CONSEQUENCES OF THE REVERSE SPLIT.
 
No gain or loss should be recognized by a stockholder as a result of the Reverse Split; provided, however, any whole shares received in lieu of fractional shares may result in a taxable gain or loss. The aggregate tax basis of the shares received in the Reverse Split will be the same as the stockholder’s aggregate tax basis in the shares exchanged. The stockholder’s holding period for the shares received in the Reverse Split will include the period during which the stockholder held the shares surrendered as a result of the Reverse Split. The Company’s views regarding the tax consequences of the Reverse Split are not binding upon the Internal Revenue Service or the courts, and there is no assurance that the Internal Revenue Service or the courts would accept the positions expressed above. The state and local tax consequences of the Reverse Split may vary significantly as to each stockholder, depending on the state in which such stockholder resides.
 

 
Implementation of Reverse Split
 
The Reverse Split will occur automatically on the Effective Date, regardless of when stockholders physically surrender their stock certificates for new stock certificates. When effected, our transfer agent, Signature Stock Transfer, will act as exchange agent (“Exchange Agent”) to implement the exchange of stock certificates. Persons who hold their shares in brokerage accounts or “street name” would not be required to take any further actions to effect the exchange of their certificates. As soon as practicable after the Effective Date, we or the Exchange Agent will send a letter to each stockholder of record at the Effective Date for use in transmitting certificates representing shares of our common stock (“Old Certificates”) to the Exchange Agent. The letter of transmittal will contain instructions for the surrender of Old Certificates to the Exchange Agent in exchange for certificates representing the appropriate number of whole shares of New Common Stock. No new stock certificates will be issued to a stockholder until such stockholder has surrendered all Old Certificates, together with a properly completed and executed letter of transmittal, to the Exchange Agent. Stockholders would then receive a new certificate in exchange for certificates representing the number of whole shares of New Common Stock into which their shares of common stock have been converted as a result of the Reverse Split. Until surrendered, we will deem outstanding Old Certificates held by stockholders to be canceled and only to represent the number of whole shares of New Common Stock to which these stockholders are entitled. All expenses of the exchange of certificates will be borne by us.
 
YOU SHOULD NOT SEND YOUR OLD CERTIFICATES TO THE EXCHANGE AGENT UNTIL YOU HAVE RECEIVED A LETTER OF TRANSMITTAL.
 
WHERE YOU CAN FIND MORE INFORMATION
 
We are subject to the information and reporting requirements of the Securities Exchange Act of 1934 (“Exchange Act”) and in accordance with the Exchange Act, we file periodic reports, documents and other information with the SEC relating to our business, financial statements and other matters. These reports and other information may be inspected and are available for copying at the offices of the SEC, 450 Fifth Street, NW, Washington, DC 20549 or may be accessed on the SEC website at www.sec.gov.
 


EXHIBIT 1

JOINT WRITTEN CONSENT
OF THE
BOARD OF DIRECTORS
AND
MAJORITY STOCKHOLDERS
OF
SINO-AMERICAN DEVELOPMENT CORPORATION
a Nevada Corporation


The undersigned, being all of the members of the Board of Directors and the holder of at least a majority of the outstanding capital stock of SINO-American Development Corporation, a Nevada corporation (the “Corporation”), acting pursuant to the authority granted by Sections 78.2055, 78.315, 78.320 and 78.390 of the Nevada Revised Statutes, and the By-Laws of the Corporation, do hereby adopt the following resolutions by written consent as of December 5, 2006:
 
AMENDMENT TO ARTICLES OF INCORPORATION
(1 FOR 17 REVERSE STOCK SPLIT)

WHEREAS, the undersigned have determined, after reviewing the number of currently issued, outstanding shares of the Corporation, that it is in the best interests of the Corporation and its stockholders that (i) each seventeen (17) issued and outstanding shares of the Corporation’s common stock par value $0.001 (“Common Stock”), be changed and converted into one (1) share of Common Stock (the “Reverse Stock Split”) as set forth in the Certificate of Amendment Pursuant to NRS 78.385 and 78.390 attached hereto as Exhibit “A” (the “Certificate of Amendment”); (ii) in connection with the Reverse Stock Split, pursuant to NRS 78.2055, the authorized shares of capital stock of the Corporation shall remain the same at 150,000,000 shares of Common Stock and 50,000,000 shares of preferred stock, par value $0.001 (“Preferred Stock”);

WHEREAS, the Board has approved in advance that this action may be taken by written consent of the stockholders in lieu of a special meeting of the stockholders;

WHEREAS, subject to and in compliance with Rule 10b-17 promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), it is deemed to be in the best interests of the Corporation and its stockholders that a record date of on or about December 8, 2006 (the “Record Date”) be set for the Reverse Stock Split;

NOW, THEREFORE, BE IT RESOLVED, that, subject to and in compliance with the Exchange Act, each seventeen (17) issued and outstanding shares of the Corporation’s Common Stock be changed and converted into one (1) share of Common Stock on and as of the Record Date and the authorized shares of capital stock of the Corporation shall remain the same at 150,000,000 shares of Common Stock and 50,000,000 shares of Preferred Stock;

RESOLVED FURTHER, that to effectuate the Reverse Stock Split, Article Fourth of the Articles of Incorporation, as amended and in effect on the date hereof (the “Articles of Incorporation”), be amended by adding the following paragraphs thereto:

“Upon the date that this Certificate of Amendment to the Articles of Incorporation of the Corporation becomes effective in accordance with the General Corporation Law of the State of Nevada (the “Effective Date”), each seventeen (17) shares of common stock, par value $0.001 per share (“Old Common Stock”), of the Corporation issued and outstanding immediately prior to the Effective Date shall be, without any action of the holder thereof, automatically reclassified as and converted into one (1) share of common Stock, par value $0.001 per share (“New Common Stock”), of the Corporation.

Notwithstanding the immediately preceding paragraph, no fractional shares of New Common Stock shall be issued to the holders of record of Old Common Stock in connection with the foregoing reclassification of shares of Old Common Stock, and no certificates or scrip representing any such fractional shares shall be issued. In lieu of such fraction of a share, any holder of such fractional share shall be entitled receive one whole share of the New Common Stock.


 
Each stock certificate that, immediately prior to the Effective Date, represented shares of Old Common Stock shall, from and after the Effective Date, automatically and without the necessity of presenting the same for exchange, represent that number of whole shares of New Common Stock into which the shares of Old Common Stock represented by such certificate shall have been reclassified. A letter of transmittal will provide the means by which each holder of record of a certificate that represented shares of Old Common Stock shall receive, upon surrender of such certificate, a new certificate representing the number of whole shares of New Common Stock into which the shares of Old Common Stock represented by such certificate shall have been reclassified.”

RESOLVED FURTHER, that no fractional shares will be issued in connection with the Reverse Stock Split and that any fractional share that would have resulted because of the Reverse Stock Split will be rounded to the next whole share;

RESOLVED FURTHER, that stockholders of record on December 8, 2006 are the stockholders entitled to consent to the Certificate of Amendment and to receive notice of such action pursuant to Rule 14c-2 of the Securities Exchange Act of 1934;

RESOLVED FURTHER, that any officer of the Corporation, acting alone, be and hereby is authorized, empowered and directed, for and on behalf of the Corporation, to execute and file with the Securities and Exchange Commission a Schedule 14C Information Statement (the “Schedule 14C”) informing the stockholders of the Corporation who are not signatory hereto of the action taken hereby;

RESOLVED FURTHER, that, upon effectiveness of the Schedule 14C, any executive officer of the Corporation, acting alone, be and hereby is authorized, empowered and directed, for and on behalf of the Corporation, to execute and file with the Secretary of State of the State of Nevada the Certificate of Amendment substantially in the form as set forth in Exhibit A, in accordance with applicable law;

RESOLVED FURTHER, that, subject to the foregoing, any officer of the Corporation, acting alone, be and hereby is authorized, empowered and directed, for and on behalf of the Corporation, to direct the Corporation’s transfer agent to record the appropriate number of shares held by each stockholder after giving effect to the Reverse Stock Split, and, if requested, to issue replacement stock certificates to each such requesting stockholder representing the number of shares to which each such stockholder is entitled after giving effect to the Reverse Stock Split;

RESOLVED FURTHER, that any officer of the Corporation, acting alone, be and hereby is authorized, empowered and directed, for and on behalf of the Corporation, to take such further action and execute and deliver any additional agreements, instruments, certificates, filings or other documents and to take any additional steps as any such officer deems necessary or appropriate to effectuate the purposes of the foregoing resolutions;

RESOLVED FURTHER, that any action or actions heretofore taken by any officer of the Corporation for and on behalf of the Corporation in connection with the foregoing resolutions are hereby ratified and approved as the actions of the Corporation.


[REMAINDER OF PAGE LEFT BLANK INTENTIONALLY]
 
 


This Joint Written Consent shall be added to the corporate records of this Corporation and made a part thereof, and the resolutions set forth above shall have the same force and effect as if adopted at a meeting duly noticed and held by the Board of Directors and the stockholders of this Corporation. This Joint Written Consent may be executed in counterparts and with facsimile signatures with the effect as if all parties hereto had executed the same document. All counterparts shall be construed together and shall constitute a single Joint Written Consent.
 
MAJORITY STOCKHOLDER:    DIRECTORS: 
     
/s/ Fang Zhong    /s/ Fang Zhong 
Fang Zhong    Fang Zhong 
24,230,234 Shares of Common Stock    Date: December 5, 2006 
Date: December 5, 2006 
   
     
     
    /s/ Hu Min 
    Hu Min 
    Date: December 5, 2006 
     
     
     
    /s/ Fang Wei Jun 
    Fang Wei Jun 
    Date: December 5, 2006 
     
     
     
    /s/ Fang Wei Feng 
    Fang Wei Feng 
    Date: December 5, 2006 
     
     
     
    /s/ Dick R. Lee 
    Dick R. Lee 
   
Date: December 5, 2006 
 


EXHIBIT A


CERTIFICATE OF AMENDMENT TO
ARTICLES OF INCORPORATION
FOR NEVADA PROFIT CORPORATIONS
(PURSUANT TO NRS 78.385 AND 78.390 - AFTER ISSUANCE OF STOCK)


1. Name of corporation: SINO-AMERICAN DEVELOPMENT CORPORATION
 
2. The articles have been amended as follows (provide article numbers, if available):

Article FOURTH of the Articles of Incorporation is hereby amended by adding the following paragraphs thereto:

“Upon the date that this Certificate of Amendment to the Certificate of Incorporation of the Corporation becomes effective in accordance with the General Corporation Law of the State of Nevada (the “Effective Date”), each seventeen (17) shares of common stock, par value $0.001 per share (“Old Common Stock”), of the Corporation issued and outstanding immediately prior to the Effective Date shall be, without any action of the holder thereof, automatically reclassified as and converted into one (1) share of common Stock, par value $0.001 per share (“New Common Stock”), of the Corporation.

Notwithstanding the immediately preceding paragraph, no fractional shares of New Common Stock shall be issued to the holders of record of Old Common Stock in connection with the foregoing reclassification of shares of Old Common Stock, and no certificates or scrip representing any such fractional shares shall be issued. In lieu of such fraction of a share, any holder of such fractional share shall be entitled receive one whole share of the New Common Stock.

Each stock certificate that, immediately prior to the Effective Date, represented shares of Old Common Stock shall, from and after the Effective Date, automatically and without the necessity of presenting the same for exchange, represent that number of whole shares of New Common Stock into which the shares of Old Common Stock represented by such certificate shall have been reclassified. A letter of transmittal will provide the means by which each holder of record of a certificate that represented shares of Old Common Stock shall receive, upon surrender of such certificate, a new certificate representing the number of whole shares of New Common Stock into which the shares of Old Common Stock represented by such certificate shall have been reclassified.”

3. The vote by which the stockholders holding shares in the corporation entitling them to exercise at least a majority of the voting power, or such greater proportion of the voting power as may be required in the case of a vote by classes or series, or as may be required by the provisions of the articles of incorporation have voted in favor of the amendment is: 85.268%

4. Effective date of filing (optional):     
     
5. Officer Signature (required):     
  Fang Zhong,   
  Chief Executive Officer   
 

 
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