-----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, Wa29/VPqi28nhRlToVsMj2hxXxyv2+h8E8+1YUeAZKiHswe+5Lj/CrkXEbmqKVym NhIDWDuCtcQCiXfFOuvfGQ== 0001183740-03-000130.txt : 20031106 0001183740-03-000130.hdr.sgml : 20031106 20031106172304 ACCESSION NUMBER: 0001183740-03-000130 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20031106 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TAO WENDY SIU PING CHOI CENTRAL INDEX KEY: 0001268936 FILING VALUES: FORM TYPE: SC 13D MAIL ADDRESS: STREET 1: 12/F 9 DES VOEUX ROAD WEST CITY: HONG KONG STATE: K3 ZIP: 00000 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CHINA WORLD TRADE CORP CENTRAL INDEX KEY: 0001081834 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 870629754 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-59499 FILM NUMBER: 03983113 BUSINESS ADDRESS: STREET 1: GOLDION DIGITAL NETWORK CENTER STREET 2: 138 TI YU RD. E. 4TH FL CITY: TIAN HE GUANGZHOU STATE: K3 ZIP: 00000 BUSINESS PHONE: 01185298826818 MAIL ADDRESS: STREET 1: GOLDION DIGITAL NETWORK CENTER STREET 2: 138 YI TU RD E. CITY: TIAN HE GUANGHOU STATE: K3 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: TXON INTERNATIONAL DEVELOPMENT CORP DATE OF NAME CHANGE: 19990329 SC 13D 1 sched13d.htm UNITED STATES

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

CHINA WORLD TRADE CORPORATION

(Name of Issuer)

Common Shares

(Title of Class of Securities)

90210R305

(CUSIP Number)

Wendy Siu Ping Choi Tao
12/F, 9 Des Voeux Road West
Hong Kong
Tel: (852) 2259 9383

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

copy to:

Stephen Wortley
Lang Michener
Barristers & Solicitors
Suite 1500, 1055 West Georgia Street
Vancouver, British Columbia, Canada V6E 4N7
Tel: 604.689.9111

October 29, 2003

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of section 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box     [ ].

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See section 240.13d-7(b) for other parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No.

90210R305

1

NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Wendy Siu Ping Choi Tao

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  [ ]
(b)  [ ]

3

SEC USE ONLY

4

SOURCE OF FUNDS (See Instructions)

00

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)

[ ]

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Hong Kong

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7

SOLE VOTING POWER

6,000,000 shares (includes shares of common stock issuable upon exercise of 4,000,000 warrants)

8

SHARED VOTING POWER

9

SOLE DISPOSITIVE POWER

6,000,000 shares (includes shares of common stock issuable upon exercise of 4,000,000 warrants)

10

SHARED DISPOSITIVE POWER

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

6,000,000 shares (includes shares of common stock issuable upon exercise of 4,000,000 warrants)

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

[ ]

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

40.08%(1) (based on 14,970,497 common shares issued and outstanding)

14

TYPE OF REPORTING PERSON (See Instructions)

IN

(1) Percentage includes all warrants exercisable within 60 days.

 

Instructions for Cover Page

(1) Names and I.R.S. Identification Numbers of Reporting Persons - Furnish the full legal name of each person for whom the report is filed - i.e., each person required to sign the schedule itself - including each member of a group. Do not include the name of a person required to be identified in the report but who is not a reporting person. Reporting persons that are entities are also requested to furnish their I.R.S. identification numbers, although disclosure of such numbers is voluntary, not mandatory (see "SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13D" below).

(2) If any of the shares beneficially owned by a reporting person are held as a member of a group and the membership is expressly affirmed, please check row 2(a). If the reporting person disclaims membership in a group or describes a relationship with other persons but does not affirm the existence of a group, please check row 2(b) [unless it is a joint filing pursuant to Rule 13d-1(k)(1) in which case it may not be necessary to check row 2(b)].

(3) The 3rd row is for SEC internal use; please leave blank.

(4) Classify the source of funds or other consideration used or to be used in making purchases as required to be disclosed pursuant to Item 3 of Schedule 13D and insert the appropriate symbol (or symbols if more than one is necessary) in row (4):

Category of Source Symbol

Subject Company (Company whose securities are being acquired) SC

Bank BK

Affiliate (of reporting person) AF

Working Capital (or reporting person) WC

Personal Funds (of Reporting person) PF

Other OO

(5) If disclosure of legal proceedings or actions is required pursuant to either Items 2(d) or 2(e) of Schedule 13D, row 5 should be checked.

(6) Citizenship or Place of Organization - Furnish citizenship if the named reporting person is a natural person. Otherwise furnish place of organization. (See Item 2 of Schedule 13D.)

(7) - (11), (13) Aggregate Amount Beneficially Owned by Each Reporting Person, etc. - Rows (7) through (11) inclusive, and (13) are to be completed in accordance with the provisions of Item 5 of Schedule 13D. All percentages are to be rounded off to nearest tenth (one place after decimal point).

(12) Check if the aggregate amount reported as beneficially owned in row (11) does not include shares which the reporting person discloses in the report but as to which beneficial ownership is disclaimed pursuant to Rule 13d-4 (17 CFR 240.13d-4) under the Securities Exchange Act of 1934.

(14) Type of Reporting Person - Please classify each "reporting person" according to the following breakdown and place the appropriate symbol (or symbols, i.e., if more than one is applicable, insert all applicable symbols) on the form:

Category Symbol

Broker-Dealer BD

Bank BK

Insurance Company IC

Investment Company IV

Investment Advisor IA

Employee Benefit Plan, Pension Fund, or Endowment Fund EP

Parent Holding Company HC

Corporation CO

Partnership PN

Individual IN

Other OO

Notes:

Attach as many copies of the second part of the cover page as are needed, one reporting person per page.

Filing persons may, in order to avoid unnecessary duplication, answer items on the schedules (Schedule 13D, 13G, or 14D-1) by appropriate cross-references to an item or items on the cover page(s). This approach may only be used where the cover page item or items provide all the disclosure required by the schedule item. Moreover, such a use of a cover page item will result in the item becoming a part of the schedule and accordingly being considered as "filed" for purposes of Section 18 of the Securities Exchange Act or otherwise subject to the liabilities of that section of the Act.

Reporting persons may comply with their cover page filing requirements by filing either completed copies of the blank forms available from the Commission, printed or typed facsimiles, or computer printed facsimiles, provided the documents filed have identical formats to the forms prescribed in the Commission's regulations and meet existing Securities Exchange Act rules as to such matters as clarity and size (Securities Exchange Act Rule 12b-12).

SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13D

Under Sections 13(d) and 23 of the Securities Exchange Act of 1934 and the rules and regulations thereunder, the Commission is authorized to solicit the information required to be supplied by this schedule by certain security holders of certain issuers.

Disclosure of the information specified in this schedule is mandatory, except for Social Security or I.R.S. identification numbers, disclosure of which is voluntary. The information will be used for the primary purpose of determining and disclosing the holdings of certain beneficial owners of certain equity securities. This statement will be made a matter of public record. Therefore, any information given will be available for inspection by any member of the public.

Because of the public nature of the information the Commission can utilize it for a variety of purposes, including referral to other governmental authorities or securities self-regulatory organizations for investigatory purposes or in connection with litigation involving the federal securities laws or other civil, criminal or regulatory statements or provisions. Social Security or I.R.S. identification numbers, if furnished, will assist the Commission in identifying security holders and, therefore, in promptly processing statements of beneficial ownership of securities.

Failure to disclose the information requested by this schedule, except for Social Security or I.R.S. identification numbers, may result in civil or criminal action against the persons involved for violation of the federal securities laws and rules promulgated thereunder.

General Instructions

A. The item numbers and captions of the items shall be included but the text of the items is to be omitted. The answers to the items shall be so prepared as to indicate clearly the coverage of the items without referring to the text of the items. Answer every item. If an item is inapplicable or the answer is in the negative, so state.

B. Information contained in exhibits to the statements may be incorporated by reference in answer or partial answer to any item or sub-item of the statement unless it would render such answer misleading, incomplete, unclear or confusing. Matters incorporated by reference shall be clearly identified in the reference by page, paragraph, caption or otherwise. An express statement that the specified matter is incorporated by reference shall be made at the particular place in the statement where the information is required. A copy of any information or a copy of the pertinent pages of a document containing such information which is incorporated by reference shall be submitted with this statement as an exhibit and shall be deemed to be filed with the Commission for all purposes of the Act.

C. If the statement is filed by a general or limited partnership, syndicate, or other group, the information called for by items 2-6, inclusive, shall be given with respect to (i) each partner of such general partnership; (ii) each partner who is denominated as a general partner or who functions as a general partner of such limited partnership; (iii) each member of such syndicate or group; and (iv) each person controlling such partner or member. If the statement is filed by a corporation or if a person referred to in (i), (ii), (iii) or (iv) of this Instruction is a corporation, the information called for by the above mentioned items shall be given with respect to (a) each executive officer and director of such corporation; (b) each person controlling such corporation; and (c) each executive officer and director of any corporation or other person ultimately in control of such corporation.

  1. Security and Issuer
  2. Common shares, $0.001 par value

    China World Trade Corporation ("China World")
    4th Floor, Goldlion Digital Network Center
    138 Tiyu Road East
    Tiahne, Guangzhou , P.R.C. 510620

  3. Identity and Background
  4. Wendy Siu Ping Choi Tao ("Ms. Tao"), is a Hong Kong citizen, residing at 12/F., 9 Des Voeux Road West, Hong Kong. Ms. Tao is a businesswoman.

    During the last five years Ms. Tao has not been convicted in a criminal proceeding or been a party to any civil proceeding of a judicial or administrative body of a competent jurisdiction as a result of which she was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding of any violation with respect to such laws.

  5. Source and Amount of Funds or Other Considerations
  6. Pursuant to share purchase agreements dated September 3, 2002 and December 17, 2002, respectively (collectively, the "Share Purchase Agreement") entered into between Powertronic Holdings Limited ("Powertronic") and China World, Powertronic acquired 2 million shares of common stock of China World, and 4 million warrants convertible into shares of common stock of China World on January 24, 2003. The warrants are exercisable within two years of their issue at an exercise price of US$0.575 per share.

    On October 29, 2003, pursuant to Instruments of Transfer and Bought and Sold Notes dated October 29, 2003 (copies of which are attached) entered into between Ideal Trade Investments Limited ("Ideal Trade") and Powertronic, Ideal Trade acquired all of the issued and outstanding shares of Powertronic, thereby indirectly acquiring the 2 million shares and the 4 million warrants of China World. The purchase price for the shares and warrants of Powertronic was US$800,000. Ms. Tao is the sole shareholder and director of Ideal Trade. The purchase price was paid with personal funds from Ms. Tao.

  7. Purpose of Transaction
  8. As noted above, the indirect acquisition by Ms. Tao of Powertronic and in turn the indirect acquisition by Ideal Trade of 2 million shares of common stock of China World and 4 million warrants convertible into common stock of China World were purchased for investment purposes by Ms. Tao.

    Ms. Tao presently has no plan or proposal which relates to or would result in any of the following: the acquisition or disposition by any person of additional securities of China World; an extraordinary corporate transaction involving China World or its subsidiaries; a sale or transfer of a material amount of China World's or its subsidiaries' assets; any change in the present board of directors or management of China World; any material change in the present capitalization or dividend policy of China World; any other material change in China World's corporate structure; any changes to China World's charter, bylaws or instruments corresponding thereto which may impede the acquisition of control by any person; causing a class of securities of China World to be delisted from a national securities exchange or cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; or a class of equity securities of China World becoming eligible for termination of registration pursuant to section 12(g)(4) of the Securities Exchange Act of 1934.

  9. Interest in Securities of the Issuer
  10. Ms. Tao beneficially owns an aggregate of 2 million shares of common stock (18.23%) of China World and 4 million warrants convertible into 4 million shares of common stock of China World, representing approximately 40.08% of the issued common stock of China World assuming exercise of the warrants.

    Ms. Tao has not effected any other transaction in the common shares in the capital of China World in the past sixty days.

  11. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
  12. None.

  13. Material to Be Filed as Exhibits

4.1 Instruments of Transfer and Bought and Sold Notes dated October 29, 2003

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated:  November 6, 2003

/s/ Wendy Siu Ping Choi Tao

Wendy Siu Ping Choi Tao

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).

EX-4.1 3 exhibit.htm INSTRUMENT OF TRANSFER

INSTRUMENT OF TRANSFER

_________________________________________

POWERTRONIC HOLDINGS LIMITED

_________________________________________

I (We) WONG Yat Chor

of 729 Lynn Valley Road North Vancouver B.C. V5J 1Z5

in consideration of the Sum of US Dollars Four Hundred Thousand Only

paid to me (us) by (name in full) Ideal Trade Investments Limited

(occupation) Corporation

P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola

of (full address) British Virgin Islands

(hereinafter called "the said Transferee") do hereby transfer to the said Transferee the

   -1-    Shares numbered

Standing in my (our) name in the Register of POWERTRONIC HOLDINGS LIMITED to hold unto the said Transferee his Executors, Administrators or Assigns, subject to the several conditions upon which I (We) hold the same at the time of execution hereof. And I (we) the said Transferee do hereby agree to take the said Shares subject to the same conditions.

Witness our hands the    29th    day of    October 2003   

Witness to the signature(s) of

________________________________
Name _________________________
Address _______________________
________________________________
________________________________
________________________________
________________________________

)
)
)
)
)
)
)


/s/ signed

_____________________________
(Transferor)
WONG Yat Chor

Witness to the signature(s) of

________________________________
Name _________________________
Address _______________________
________________________________
________________________________
________________________________
________________________________

)
)
)
)
)
)
)

For and on behalf of
IDEAL TRADE INVESTMENT LIMITED
/s/ signed
_____________________________
Authorized Signature(s)

/s/ signed

______________________________
(Transferee)
Ideal Trade Investments Limited

 

SOLD NOTE

Name of Purchaser (Transferee): Ideal Trade Investments Limited

P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola

Address: British Virgin Islands

Name of Company in which the shares to be transferred:

POWERTRONIC HOLDINGS LIMITED

Number of Shares:               - 1 -                of        USD400,000.00           each

Consideration Received: US Dollars Four Hundred Thousand Only (USD400,000.00)

/s/ signed

(Transferor)

WONG Yat Chor

Hong Kong, Dated 29th October 2003

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - - - - - -- - - - - - - - - - - - - - - - - -

BOUGHT NOTE

Name of Seller (Transferor) WONG Yat Chor

Address: 729 Lynn Valley Road North Vancouver B.C. V5J 1Z5

Occupation: Merchant

Name of Company in which the shares to be transferred:

POWERTRONIC HOLDINGS LIMITED

Number of Shares:               - 1 -                of        USD400,000.00           each

Consideration Received: US Dollars Four Hundred Thousand Only (USD400,000.00)

For and on behalf of

IDEAL TRADE INVESTMENTS LIMITED
/s/ signed
______________________________________
Authorized Signature(s)
/s/ signed

______________________________________
                     (Transferee)
          
Ideal Trade Investments Limited

Hong Kong, Dated 29th October 2003

INSTRUMENT OF TRANSFER

_________________________________________

POWERTRONIC HOLDINGS LIMITED

_________________________________________

I (We) CHAN Sai Yee Clarence

of 3075 West 33rd Avenue, Vancouver, B.C. V6N 2G6

in consideration of the Sum of US Dollars Four Hundred Thousand Only

paid to me (us) by (name in full) Ideal Trade Investments Limited

(occupation) Corporation

P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola

of (full address) British Virgin Islands

(hereinafter called "the said Transferee") do hereby transfer to the said Transferee the

   -1-    Shares numbered

standing in my (our) name in the Register of POWERTRONIC HOLDINGS LIMITED to hold unto the said Transferee his Executors, Administrators or Assigns, subject to the several conditions upon which I (We) hold the same at the time of execution hereof. And I (we) the said Transferee do hereby agree to take the said Shares subject to the same conditions.

Witness our hands the    29th    day of    October 2003   

Witness to the signature(s) of

________________________________
Name _________________________
Address _______________________
________________________________
________________________________
________________________________
________________________________

)
)
)
)
)
)


/s/ signed

_____________________________
(Transferor)
CHAN Sai Yee Clarence

Witness to the signature(s) of

________________________________
Name _________________________
Address _______________________
________________________________
________________________________
________________________________
________________________________

)
)
)
)
)
)
)
)

For and on behalf of
IDEAL TRADE INVESTMENT LIMITED
/s/ signed
_____________________________
Authorized Signature(s)
/s/ signed

_____________________________
(Transferee)
Ideal Trade Investments Limited

 

SOLD NOTE

Name of Purchaser (Transferee): Ideal Trade Investments Limited

P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola

Address: British Virgin Islands

Occupation: Corporation

Name of Company in which the shares to be transferred:

POWERTRONIC HOLDINGS LIMITED

Number of Shares:               - 1 -                of        USD400,000.00           each

Consideration Received: US Dollars Four Hundred Thousand Only (USD400,000.00)

/s/ signed

_________________________________

(Transferor)

CHAN Sai Yee Clarence

Hong Kong, Dated 29th October 2003

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - - - - - -- - - - - - - - - - - - - - - - - -

BOUGHT NOTE

Name of Seller (Transferor) CHAN Sai Yee Clarence

Address: 3075 West 33rd Avenue, Vancouver, B.C. V6N 2G6

Occupation: Merchant

Name of Company in which the shares to be transferred:

POWERTRONIC HOLDINGS LIMITED

Number of Shares:               - 1 -                of        USD400,000.00           each

Consideration Received: US Dollars Four Hundred Thousand Only (USD400,000.00)

For and on behalf of

IDEAL TRADE INVESTMENTS LIMITED

______________________________________
Authorized Signature(s)
______________________________________
                     (Transferee)
          
Ideal Trade Investments Limited

Hong Kong, Dated 29th October 2003

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