-----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, JTn6FTMjvvW1GjjmZzUjTJ6gLshIsNwgjhfkTRDqAUIVKoZ/EIQjh3avkeA574A6 YYe1WFWDY/YmiefPqXULqQ== 0001121781-10-000144.txt : 20100402 0001121781-10-000144.hdr.sgml : 20100402 20100402120805 ACCESSION NUMBER: 0001121781-10-000144 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100402 DATE AS OF CHANGE: 20100402 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TIANYIN PHARMACEUTICAL CO., INC. CENTRAL INDEX KEY: 0001362718 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 204857782 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-83507 FILM NUMBER: 10727250 BUSINESS ADDRESS: STREET 1: 23RD FLOOR, UNIONSUN YANGKUO PLAZA STREET 2: NO.2, BLOCK 3, RENMIN ROAD SOUTH CITY: CHENGDU, P.R. STATE: F4 ZIP: 610041 BUSINESS PHONE: 0086-028-86154737 MAIL ADDRESS: STREET 1: 23RD FLOOR, UNIONSUN YANGKUO PLAZA STREET 2: NO.2, BLOCK 3, RENMIN ROAD SOUTH CITY: CHENGDU, P.R. STATE: F4 ZIP: 610041 FORMER COMPANY: FORMER CONFORMED NAME: VISCORP, INC. DATE OF NAME CHANGE: 20060515 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TIME POLY MANAGEMENT, LTD. CENTRAL INDEX KEY: 0001426117 IRS NUMBER: 000000000 STATE OF INCORPORATION: D8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: UNIT 06, 21/F, BEAUTIFUL GROUP TOWER STREET 2: 77 CONNAUGHT ROAD CITY: CENTRAL STATE: K3 ZIP: 000000 BUSINESS PHONE: 852-3583-3340 MAIL ADDRESS: STREET 1: UNIT 06, 21/F, BEAUTIFUL GROUP TOWER STREET 2: 77 CONNAUGHT ROAD CITY: CENTRAL STATE: K3 ZIP: 000000 SC 13D/A 1 tpm13da40110.htm TIME POLY MANAGEMENT, LTD. tpm13da40110.htm
 
 


 

Under the Securities Exchange Act of 1934
(Amendment No.1)

TIANYIN PHARMACEUTICAL CO., INC.
 (Name of Issuer)

SCHEDULE 13D/A


Common Stock, $.001 par value
(Title of Class of Securities)

88630M104
(CUSIP Number)


Time Poly Management Ltd.
Unit 06, 21/F, Beautiful Group Tower, 77 Connaught Road, Central, Hong Kong
Telephone: (852) 3583 3340; Fax: (852) 3585 6021
______
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)


 (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box   .

CUSIP Number  88630M104
 

 
(1)
Name of Reporting Persons:    Time Poly Management, Ltd.
    S.S. or I.R.S. Identification Nos. of above persons:
 

 
(2)
Check the Appropriate Box if a Member of a Group (See Instructions)
    (a)
    (b)


 
(3)  SEC Use Only 
 
 

 
(4)  Source of Funds (See Instructions)  OO 
 
 
 


(5)
Check if Disclosure of Legal Proceedings is required Pursuant to Items 2(d) or 2(e)
 

 




 
2

 

 
 
(6)
Citizenship or Place of Organization:  British Virgin Islands

 Number of Shares
 (7)  Sole Voting Power: 35.10%
 Beneficially Owned
 
 By Each Reporting
 (8)  Shared Voting Power:
 Person With
 
 
 (9) Sole Dispositive Power:  35.10%
   
 
(10) Shared Dispositive Power:
 


 
(11)
Aggregate Amount Beneficially Owned by Each Reporting Person:  9,351,824

 
 

 
(12)
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see Instructions).
 


 
(13)
Percent of Class Represented by Amount in Row (11): 35.10%

 


 
(14)
Type of Reporting Person (See Instructions):  CO

 


 
 
3

 
 
 
(1)
Name of Reporting Persons:    Stewart Shiang Lor
    S.S. or I.R.S. Identification Nos. of above persons:
 


 
(2)
Check the Appropriate Box if a Member of a Group (See Instructions)
    (a)
    (b)


 
(3)  SEC Use Only 
 

 

 
(4)  Source of Funds (See Instructions)  OO 
 
 



(5)
Check if Disclosure of Legal Proceedings is required Pursuant to Items 2(d) or 2(e)
 

 

 
(6)
Citizenship or Place of Organization:  United States

 Number of Shares
 (7)  Sole Voting Power: 35.10%
 Beneficially Owned
 
 By Each Reporting
 (8)  Shared Voting Power:
 Person With
 
 
 (9) Sole Dispositive Power:  35.10%
   
 
(10) Shared Dispositive Power:
 


 
(11)
Aggregate Amount Beneficially Owned by Each Reporting Person:  9,351,824

 
 

 
(12)
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see Instructions).
 


 
(13)
Percent of Class Represented by Amount in Row (11): 35.10%

 


 
(14)
Type of Reporting Person (See Instructions):  IN

 


 
 
4

 


Item 1.  Security and Issuer.

This statement relates to the common stock, $0.001 par value per share (the "Common Stock"), of Tianyin Pharmaceuticals Co., Inc. a Delaware corporation (the “Company”).

The Company's U.S. principal offices are located at business at Unit 06, 21/F., Beautiful Group Tower, 77 Connaught Road, Central, Hong Kong.


Item 2.  Identity and Background.

 
  (a)
 
This statement (this "Statement") is being filed by (i) Time Poly Management, Ltd., a British Virgin Islands company ("Time Poly”) and (ii) Stewart Shiang Lor, the sole shareholder and director of Time Poly (“Lor,” together with Time Poly the “Filers”).  Time Poly directly owns all of the shares reported in this Statement; Mr. Lor however, has sole voting and dispositive power with respect to such shares.  
 
  (b)
 
Time Poly’s principal office is located at Unit 06, 21/F, Beautiful Group Tower, 77 Connaught Road, Central, Hong Kong, (852) 3583 3340.  Time Poly’s principal business is equity investment.  Stewart Lor’s business address is Unit 06, 21/F, Beautiful Group Tower, 77 Connaught Road, Central, Hong Kong, (852) 3583 3340.
 
  (c)
 
Stewart Lor’s principal occupation is as an investment consultant, which he conducts at the following companies: Cmark Capital Co., Ltd. and Time Poly Management, Ltd.
 
  (d)
 
During the past five years, neither Filer has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
 
  (e)
 
 During the past five years, neither Filer has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was the subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal and state securities laws of findings any violation with respect to such laws.
 
  (f)
 
Stewart Lor is a citizen of the United States of America.

Item 3.  Source and Amount of Funds or Other Consideration.

The securities disclosed herein were acquired through a share exchange transaction between the Issuer, Raygere Limited, a company organized under the laws of the British Virgin Islands (“Raygere”), and Time Poly Management Limited, Happyvale Limited and Fartop Management Limited, each a BVI company, and Cmark Holding Co., Ltd., an exempted company organized under the laws of the Cayman Islands (collectively, the “Raygere Stockholders”) ,  pursuant to which all the shares of Raygere were transferred to the Issuer and Raygere became the Issuer’s wholly-owned subsidiary (the “Share Exchange”).  

Item 4. Purpose of Transaction

Time Poly originally received shares to affect the Share Exchange.  Prior to the Share Exchange, Time Poly owned 78% of Raygere’s equity.  On September 16, 2009, Time Poly transferred 600,000 shares of its common stock in a private transfer; on  November 11, 2009, Time Poly transferred 25,000 shares of its common stock in a private transfer.  Although Time Poly inadvertently failed to file this amendment to its Schedule 13D, Time Poly filed a Form 4 to disclose these changes to their beneficial ownership on September 16, 2009 and November 10, 2009, respectively.
 

 
 
5

 
 
 
Item 5.  Interest in Securities of the Issuer

  (a)
The Filers beneficially own 9,351,824(35.10%) (the “Shares”) of the 26,644,026  outstanding shares of the Company.
 
  (b)
Lor has sole power to vote or to direct the vote and sole power to dispose or direct the disposition of the Shares.
 
  (c)
Since the Filers’ most recent filing on Schedule 13D, they transferred a total of 625,000 shares of the Company’s common stock, which is reflected in the Form 4 that the Filer filed on September 16, 2009 and November 10, 2009.

  (d)
No other person is known to the filer to have the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, such securities.  However, all of the shares Lor holds in Time Poly, which represents 100% of the equity interest in Time Poly, are subject to that certain Share Transfer Agreement dated January 16, 2008, with certain members of management of our subsidiary, Chengdu Tianyin Pharmaceutical Co., Ltd., a corporation organized and existing under the laws of the People’s Republic of China, after which such persons will have the voting, dispositive and investment power over Time Poly.
 
  (e)
n/a
 
 
Item 6.  Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

On January 16, 2008, pursuant to a Share Transfer Agreement, Stewart Shiang Lor, a director nominee, issued stock options to the executives officers and management team of Chengdu Tianyin Pharmaceutical Co., Ltd., (the “Executives”) the Issuer’s subsidiary located in Chengdu, Sichuan Province of the People’s Republic of China that operates the Issuer’s business.  Pursuant to the agreement, Mr. Lor granted to the Executives the option to acquire all of his shares of Time Poly.  Under the terms of the Share Transfer Agreement, the Executives will have the right and the option to purchase 100% of the outstanding shares of capital stock of Time Poly at any time through November 15, 2008.  Although the Executives may exercise their options at any time during the term of the option, the exer cise price of the options depends upon the fulfilment of certain performance targets based on the future revenues of Chengdu Tianyin, as set forth in the Share Transfer Agreement.  The exercise prices of the options for these shares range from $1,293 to $660,975.  The options vest on a one-third basis per quarter for three specified quarters and may be exercised in whole or in part after Chengdu Tianyin’s revenues for such quarter is determined, which shall not be later than 45 days following the applicable fiscal quarter.  
 
As a result of necessary regulatory approvals in China, the optionees have not yet been able to complete the exercise of the option.  However, they are currently working to obtain the necessary regulatory approvals and, at such time as they receive such approvals, they expect to complete the exercise of the option and transfer the shares contemplated therein.  At such time, we intend to file another amendment to our Schedule 13D to disclose the transfer.

Item 7.  Material to Be Filed as Exhibits.

  (1)
Share Transfer Agreement between Stewart Shiang Lor and Transferees dated January 16, 2008 (Incorporated by reference to Exhibit 1 of the Schedule 13D filed on February 6, 2008).
 
  (2)
Share Exchange Agreement dated January 16, 2008 (Incorporated by reference to Exhibit 3 of the Schedule 13D filed on February 6, 2008).
 

 
 
6

 
 

 
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.
 
 
 Date:  April 1, 2010  
   
 Signature:  /s/ Stewart Lor  
   
 Name/Title:  Stewart Lor, Director  
 
 
 
 
 
 
 
 
 
 
 
 
 

 
7

 

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