Nevada |
0100 |
26-1579105 |
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(State
or other jurisdiction of incorporation) |
(Primary Standard Industrial Classification Code Number) |
(I.R.S. Employer Identification Number) |
Large accelerated
filer o |
Accelerated filer o |
|||||
Non-accelerated
filer o (Do not check if a smaller reporting company) |
Smaller reporting company [X] |
Title of Each Class Of Securities to be Registered |
|
Amount to be Registered(1) |
|
Proposed Maximum Offering Price per Share (2) |
|
Proposed Maximum Aggregate Offering Price |
|
Amount of Registration Fee |
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Common stock, par value $0.001 per share |
16,500,000 |
$0.25 |
$ | 4,125,000 | $ | 562.65 |
(1) |
This Registration Statement covers the resale by our selling shareholders of up to 16,500,000 shares of common stock previously issued to such selling shareholders. |
(2) |
Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(a), based on the last private sales price for common stock of the registrant, as there is currently no public market price for the registrants common stock. The last private sales price here is determined by the price per share sold in a private placement completed in September 2009 of $0.10 per share plus an arbitrary increase in value of $0.15, to account for the potential increased value of our stock as a result of such shares having increased liquidity and being registered with the SEC. The selling shareholders will sell at the fixed price of $0.25 per share until our common stock is quoted on the OTC Bulletin Board and thereafter at prevailing market prices or privately negotiated prices. |
PRELIMINARY
PROSPECTUS |
SUBJECT TO COMPLETION ON DECEMBER 7, 2012 |
1 | ||||||
5 | ||||||
26 | ||||||
26 | ||||||
27 | ||||||
27 | ||||||
27 | ||||||
28 | ||||||
54 | ||||||
75 | ||||||
77 | ||||||
79 | ||||||
81 | ||||||
82 | ||||||
83 | ||||||
104 | ||||||
105 | ||||||
105 | ||||||
105 | ||||||
F-1 |
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We have entered into several land use agreements with various parties, which provide the potential for us to grow a large number of yew trees on approximately 1,017,713.5 mu (approximately 169,619 acres) over the next few decades, although we cannot currently estimate the total number of trees we will grow or the total amount of land we will put into production over such period. (Mu is a Chinese measurement of land that is equivalent to approximately 0.167 acres.) |
|
We employ proprietary, patented accelerated growth technology, Northeast Yew Asexual Reproduction Method, or the Asexual Reproduction Method, to bring yew trees to commercialization decades faster than growing yew trees naturally. |
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Because of our more productive and faster rate of yew cultivation, we have a sufficient supply of raw material to allow us to use the branches and leaves, rather than the bark, of yew trees, to sell to customers for the purpose of making TCM. The yew industry is highly regulated in the PRC because the yew tree is considered an endangered species. By harvesting only branches and leaves of yew trees we respond to both environmental sensitivities and regulations, because cutting the bark of the yew trees will damage the trees and stop it from growing new branches. |
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We have permits from the Heilongjiang provincial government to sell our yew trees and manufacture handicrafts using yew timber. We believe that we are one of only a handful of companies in the PRC with permissions to manufacture handicrafts using yew timber. |
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The TCM raw materials and yew tree segments of our business are tax-free in the PRC. |
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A requirement to have only two years of audited financial statements and only two years of related MD&A; |
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Exemption from the auditor attestation requirement in the assessment of the emerging growth companys internal control over financial reporting under Section 404 of the Sarbanes-Oxley Act of 2002; |
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Reduced disclosure about the emerging growth companys executive compensation arrangements; and |
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No non-binding advisory votes on executive compensation or golden parachute arrangements. |
Shares of common
stock offered by selling shareholders |
16,500,000 |
|||||
Shares of common
stock outstanding before the offering |
50,000,000 |
|||||
Shares of common
stock outstanding after the offering |
50,000,000 |
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Terms of the
offering |
The
selling shareholders will determine when and how they will sell the securities offered in this prospectus. |
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Trading
Market |
There
is currently no trading market for our common stock. We intend to apply soon for quotation on the OTC Bulletin Board. We will require the assistance of
a market-maker to apply for quotation and there is no guarantee that a market-maker will agree to assist us. |
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Use of
proceeds |
We
will not receive proceeds from the resale of shares by the selling shareholders. |
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Risk
Factors |
The
common stock offered hereby involves a high degree of risk and should not be purchased by investors who cannot afford the loss of their entire
investment. See Risk Factors below. |
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the perceived advantages of our products over competing products and the availability and success of competing products; |
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the effectiveness of our sales and marketing efforts; |
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our product pricing and cost effectiveness; |
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the safety and efficacy of our products and the prevalence and severity of adverse side effects, if any; and |
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publicity concerning our products, product candidates or competing products. |
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current and changing economic and financial conditions in China; |
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market acceptance of our products; |
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The effectiveness of distribution channels for our products; |
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the impact of price changes in our products and services or our competitors products and services; |
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the impact of decisions by distributors to offer competing or replacement products or modify or cease their marketing practices; |
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the availability of alternatives to our products; |
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seasonal fluctuations in business activity; |
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changes in marketing expenses related to promoting and distributing our services |
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limitations on sales of yew raw materials and yew trees during certain times of the year due to the seasonal growth cycle of yew trees; and |
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potential disruptions in commerce due to catastrophic natural events or political conflict. |
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Anhui Bairun Medication Company, or Anhyui Bairun, accounted for approximately 16% of our consolidated revenue |
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Shenzhen City Lianchengfa Keiji Corporation, or Shenzhen Keiji, accounted for approximately 14% of our consolidated revenue |
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Changchun Hengtai Medication Corporation, or Changchun Hengtai, accounted for approximately 14% of our consolidated revenue |
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Wuchang Hongyi Co., Ltd., or Wuchang Hongyi, accounted for approximately 13% of our consolidated revenue |
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Yew Pharmaceutical accounted for approximately 12% of our consolidated revenue |
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Shenzhen Tianyitang Company, or Shenzhen Tianyitang, accounted for approximately 11% of our consolidated revenue |
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Yew Pharmaceutical accounted for approximately 23% of our consolidated revenue |
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Anhui Bairun accounted for approximately 29% of our consolidated revenue |
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Changchun Hengtai accounted for approximately 10% of our consolidated revenue |
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Wuchang Hongyi accounted for approximately 13% of our consolidated revenue. |
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increasing market demand; |
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inflation; |
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severe climatic and environmental conditions; |
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seasonal factors, and |
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changes in governmental regulations and programs. |
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have an auditor report on our internal controls over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Act; |
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submit certain executive compensation matters to shareholder advisory votes, such as say-on-pay and say-on-frequency; |
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obtain shareholder approval of any golden parachute payments not previously approved; and |
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disclose certain executive compensation related items such as the correlation between executive compensation and performance and comparisons of the Chief Executives compensation to median employee compensation. |
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revoking the business and operating licenses of our Chinese entities; |
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discontinuing or restricting the operations of our Chinese entities; |
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imposing conditions or requirements with which YBP or our Chinese entities may not be able to comply; |
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Requiring YBP or our Chinese entities to restructure the relevant ownership structure or operations; |
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restricting or prohibiting our use of the proceeds from any offering to finance our business and operations in the PRC; or |
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imposing fines. |
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risks related to our ability to collect amounts owed to us by some of our largest customers; |
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our ability to continue to purchase yew cuttings from our various suppliers at relatively stable prices; |
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our dependence on a small number of customers for our yew raw materials, including a related party; |
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our dependence on a small number of customers for our yew trees for reforestation; |
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our ability to market successfully yew raw materials used in the manufacture of TCM; |
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industry-wide market factors and regulatory and other developments affecting our operations; |
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our ability to sustain revenues should the Chinese economy slow from its current rate of growth; |
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continued preferential tax treatment for the sale of yew trees and potted yew trees; |
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uncertainties about involvement of the Chinese government in business in the PRC generally; and |
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any change in the rate of exchange of the Chinese Renminbi, or RMB, to the U.S. dollar, which could affect currency translations of our results of operations, which are earned in RMB but reported in dollars; |
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industry-wide market factors and regulatory and other developments affecting our operations; |
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a slowdown in the Chinese economy; and |
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risks related to changes in accounting interpretations. |
Building
|
15
years |
|||||
Machinery and
equipment |
10
years |
|||||
Office
equipment |
3
years |
|||||
Leasehold
improvement |
5
years |
|||||
Motor
vehicles |
4
years |
|
Have an auditor report on our internal controls over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Act; |
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Submit certain executive compensation matters to shareholder advisory votes, such as say-on-pay and say-on-frequency; |
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Obtain shareholder approval of any golden parachute payments not previously approved; and |
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Disclose certain executive compensation related items such as the correlation between executive compensation and performance and comparisons of the Chief Executives compensation to median employee compensation. |
For the Three Months Ended September 30, |
For the Nine Months Ended September 30, |
For the Years Ended December 31, |
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---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 |
2011 |
2012 |
2011 |
2011 |
2010 |
||||||||||||||||||||||
Revenue
third parties |
$ | 930,557 | $ | 954,122 | $ | 4,230,631 | $ | 3,246,602 | $ | 4,564,426 | $ | 3,789,181 | |||||||||||||||
Revenue
related party |
442,467 | 251,876 | 602,159 | 1,169,688 | 1,396,613 | 1,338,871 | |||||||||||||||||||||
Total
revenues |
1,373,024 | 1,205,998 | 4,832,790 | 4,416,290 | 5,961,039 | 5,128,052 | |||||||||||||||||||||
Cost of
revenues third parties |
146,409 | 220,121 | 726,957 | 691,588 | 741,508 | 1,178,382 | |||||||||||||||||||||
Cost of
revenues related party |
84,528 | 41,009 | 109,572 | 297,004 | 384,457 | 459,681 | |||||||||||||||||||||
Total cost of
revenues |
230,937 | 261,130 | 836,709 | 988,592 | 1,125,965 | 1,638,063 | |||||||||||||||||||||
Gross profit
|
1,142,087 | 944,868 | 3,996,081 | 3,427,698 | 4,835,074 | 3,489,989 | |||||||||||||||||||||
Operating
expenses |
262,656 | 230,109 | 637,666 | 576,235 | 788,408 | 909,296 | |||||||||||||||||||||
Income from
operations |
879,431 | 714,759 | 3,358,415 | 2,851,463 | 4,046,666 | 2,580,693 | |||||||||||||||||||||
Other income
(expenses) |
228 | (2,454 | ) | 1,455 | (13,126 | ) | (6,355 | ) | 5,267 | ||||||||||||||||||
Net income
|
879,659 | 712,305 | 3,359,870 | 2,838,337 | 4,040,311 | 2,585,960 | |||||||||||||||||||||
Other
comprehensive income |
|||||||||||||||||||||||||||
Unrealized
foreign currency translation gain (loss) |
(59,359 | ) | 158,519 | 108,308 | 582,653 | 778,392 | 463,826 | ||||||||||||||||||||
Comprehensive
income |
$ | 820,300 | $ | 870,824 | $ | 3,468,178 | $ | 3,420,990 | $ | 4,818,703 | $ | 3,049,786 |
Three Months Ended September 30, |
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---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 |
2011 |
Increase |
Percentage Change |
|||||||||||||||
TCM raw
materials |
$ | 893,909 | $ | 859,497 | $ | 34,412 | 4.0 | % | ||||||||||
Yew trees
|
396,416 | 322,015 | 74,401 | 23.1 | % | |||||||||||||
Handicrafts
|
82,699 | 24,486 | 58,213 | 237.7 | % | |||||||||||||
Total
|
$ | 1,373,024 | $ | 1,205,998 | $ | 167,026 | 13.8 | % |
Nine Months Ended September 30, |
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---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 |
2011 |
Increase |
Percentage Change |
|||||||||||||||
TCM raw
materials |
$ | 2,860,552 | $ | 2,659,234 | $ | 201,318 | 7.6 | % | ||||||||||
Yew trees
|
1,853,504 | 1,665,665 | 187,839 | 11.3 | % | |||||||||||||
Handicrafts
|
118,734 | 91,391 | 27,343 | 29.9 | % | |||||||||||||
Total
|
$ | 4,832,790 | $ | 4,416,290 | $ | 416,500 | 9.4 | % |
Three Months Ended September 30, |
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---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 |
2011 |
Increase (Decrease) |
Percentage Change |
|||||||||||||||
TCM raw
materials |
$ | 158,354 | $ | 161,226 | $ | (2,872 | ) | (1.8 | )% | |||||||||
Yew trees
|
21,395 | 88,380 | (66,985 | ) | (75.8 | )% | ||||||||||||
Handicrafts
|
51,188 | 11,524 | 39,664 | 344.2 | % | |||||||||||||
Total
|
$ | 230,937 | $ | 261,130 | $ | (30,193 | ) | (11.6 )% |
Nine Months Ended September 30, |
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---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 |
2011 |
Increase (Decrease) |
Percentage Change |
|||||||||||||||
TCM raw
materials |
$ | 446,436 | $ | 640,843 | $ | (194,407 | ) | (30.3 | )% | |||||||||
Yew trees
|
320,410 | 287,681 | 32,729 | 11.4 | % | |||||||||||||
Handicrafts
|
69,863 | 60,068 | 9,795 | 16.3 | % | |||||||||||||
Total
|
$ | 836,709 | $ | 988,592 | $ | (151,883 | ) | 15.4 | % |
Three Months Ended September 30, |
||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 |
2011 |
Increase (Decrease) |
||||||||||||
TCM raw
materials |
82.3 | % | 81.2 | % | 1.1 | % | ||||||||
Yew trees
|
94.6 | % | 72.6 | % | 22.0 | % | ||||||||
Handicrafts
|
38.1 | % | 52.9 | % | (14.8 | )% | ||||||||
Total
|
83.2 | % | 78.3 | % | 4.9 | % |
Nine Months Ended September 30, |
||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 |
2011 |
Increase |
||||||||||||
TCM raw
materials |
84.4 | % | 75.9 | % | 8.5 | % | ||||||||
Yew trees
|
82.7 | % | 82.7 | % | 0.0 | % | ||||||||
Handicrafts
|
41.2 | % | 34.3 | % | 6.9 | % | ||||||||
Total
|
82.7 | % | 77.6 | % | 5.1 | % |
Three Months Ended September 30, |
Nine Months Ended September 30, |
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---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 |
2011 |
2012 |
2011 |
||||||||||||||||
Salary and
related benefit |
$ | 4,016 | $ | 3,129 | $ | 11,718 | $ | 8,714 | |||||||||||
Advertising
|
| 61 | | 9,482 | |||||||||||||||
Shipping and
handling |
303 | 3,568 | 696 | 10,317 | |||||||||||||||
Other
|
2,324 | 1,697 | 5,466 | 14,127 | |||||||||||||||
Total
|
$ | 6,643 | $ | 8,455 | $ | 17,880 | $ | 42,640 |
Three Months Ended September 30, |
Nine Months Ended September 30, |
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---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 |
2011 |
2012 |
2011 |
||||||||||||||||
Compensation
and related benefits |
$ | 52,056 | $ | 42,568 | $ | 152,061 | $ | 124,205 | |||||||||||
Depreciation
|
48,634 | 38,153 | 137,624 | 110,336 | |||||||||||||||
Travel and
entertainment |
27,819 | 25,305 | 68,120 | 77,013 | |||||||||||||||
Professional
fees |
98,374 | 68,674 | 183,628 | 127,902 | |||||||||||||||
Research and
development |
| 694 | | 15,968 | |||||||||||||||
Other
|
29,130 | 46,260 | 78,353 | 78,171 | |||||||||||||||
Total
|
$ | 256,013 | $ | 221,654 | $ | 619,786 | $ | 533,595 |
|
For the three months ended September 30, 2012, compensation and related benefits increased by $9,488 or 22.3% as compared to the three months ended September 30, 2011. For the nine months ended September 30, 2012, compensation and related benefits increased by $27,856 or 22.4% as compared to the nine months ended September 30, 2011. These increases were primarily attributable to an increase in salaries paid to our management and other administrative staff resulting from the expansion of our business. |
|
For the three months ended September 30, 2012, depreciation increased by $10,481 or 27.5% as compared to the three months ended September 30, 2011. For the nine months ended September 30, 2012, depreciation increased by $27,288 or 24.7% as compared to the nine months ended September 30, 2011. These increases were primarily attributable to an increase in depreciable assets. Since later part of 2011, we purchased more fixed assets as a result of the expansion of our business. As such, we had more depreciable assets during the three and nine months ended September 30, 2012 as compared to the corresponding periods in 2011. |
|
For the three months ended September 30, 2012, travel and entertainment increased by $2,514 or 9.9% as compared to the three months ended September 30, 2011. The increase was due to more travel activities incurred during the three months ended September 30, 2012. For the nine months ended September 30, 2012, travel and entertainment decreased by $8,893 or 11.5% as compared to the nine months ended September 30, 2011. These decreases were primarily attributable to less travel and entertainment activities incurred during the first nine months of 2012 as compared to the same period in 2011. |
|
Professional fees consisted primarily of legal, accounting and other fees associated with preparing to and becoming a reporting company in the United States. For the three months ended September 30, 2012, professional fees increased by $29,700 or 43.2%, as compared to the three months ended September 30, 2011. For the nine months ended September 30, 2012, professional fees increased by $55,726 or 43.6%, as compared to the nine months ended September 30, 2011. This increase was primarily attributable to the increase in legal and accounting fees as a result of our becoming a reporting company in the United States in 2012. |
|
For the three months ended September 30, 2012, other general and administrative expense decreased by $17,130 or 37.0%, as compared to the three months ended September 30, 2011. The decrease was primarily due to less office and communication expenses incurred during the three months ended September 30, 2012 as a result of our cost cutting effort. For the nine months ended September 30, 2012, other general and administrative expense remained materially consistent. |
|
For the three months ended September 30, 2012, interest income amounted to $474 as compared to interest income of $263 for the three months ended September 30, 2011. For the nine months ended September 30, 2012, interest income amounted to $2,062 as compared to interest income of $1,712 for the nine months ended September 30, 2011. These increases were the result of more money being deposited in interest-bearing accounts. |
|
For the three months ended September 30, 2012, other expense amounted to $246 as compared to other expense of $2,717 for the three months ended September 30, 2011. For the nine months ended September 30, 2012, other expense amounted to $607 as compared to other expense of $14,838 for the nine months ended September 30, 2011. The decrease was a result of better costs control related to non-operational expenses. |
TCM raw materials |
Yew trees |
Handicrafts |
Total |
|||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues
|
$ | 451,442 | $ | 396,416 | $ | 82,699 | $ | 930,557 | ||||||||||
Revenues
related parties |
442,467 | | | 442,467 | ||||||||||||||
Total
revenues |
893,909 | 393,416 | 82,699 | 1,373,024 | ||||||||||||||
Cost of
revenues |
73,826 | 21,395 | 51,188 | 146,409 | ||||||||||||||
Cost of
revenues related parties |
84,528 | | | 84,528 | ||||||||||||||
Total cost of
revenues |
$ | 158,354 | $ | 21,395 | $ | 51,188 | $ | 230,937 |
TCM raw materials |
Yew trees |
Handicrafts |
Total |
|||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues
|
$ | 607,621 | $ | 322,015 | $ | 24,486 | $ | 954,122 | ||||||||||
Revenues
related parties |
251,876 | | | 251,876 | ||||||||||||||
Total
revenues |
859,497 | 322,015 | 24,486 | 1,205,998 | ||||||||||||||
Cost of
revenues |
120,217 | 88,380 | 11,524 | 220,121 | ||||||||||||||
Cost of
revenues related parties |
41,009 | | | 41,009 | ||||||||||||||
Total cost of
revenues |
$ | 161,226 | $ | 88,380 | $ | 11,524 | $ | 261,130 |
TCM raw materials |
Yew trees |
Handicrafts |
Total |
|||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues
|
$ | 2,259,996 | $ | 1,853,504 | $ | 117,131 | $ | 4,230,631 | ||||||||||
Revenues
related parties |
600,556 | | 1,603 | 602,159 | ||||||||||||||
Total
revenues |
2,860,552 | 1,853,504 | 118,734 | 4,832,790 | ||||||||||||||
Cost of
revenues |
337,549 | 320,410 | 68,998 | 726,957 | ||||||||||||||
Cost of
revenues related parties |
108,887 | | 865 | 109,752 | ||||||||||||||
Total cost of
revenues |
$ | 446,436 | $ | 320,410 | $ | 69,863 | $ | 836,709 |
TCM raw materials |
Yew trees |
Handicrafts |
Total |
|||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues
|
$ | 1,489,546 | $ | 1,665,665 | $ | 91,391 | $ | 3,246,602 | ||||||||||
Revenues
related parties |
1,169,688 | | | 1,169,688 | ||||||||||||||
Total
revenues |
2,659,234 | 1,665,665 | 91,391 | 4,416,290 | ||||||||||||||
Cost of
revenues |
343,839 | 287,681 | 60,068 | 691,588 | ||||||||||||||
Cost of
revenues related parties |
297,004 | | | 297,004 | ||||||||||||||
Total cost of
revenues |
$ | 640,843 | $ | 287,681 | $ | 60,068 | $ | 988,592 |
Three Months Ended September 30, |
Nine Months Ended September 30, |
||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 |
2011 |
2012 |
2011 |
||||||||||||||||
Sales volume
third parties (kg) |
2,600 | 3,560 | 13,000 | 8,810 | |||||||||||||||
Sales volume
related party (kg) |
2,800 | 1,600 | 3,800 | 7,610 | |||||||||||||||
Total sales
volume |
5,400 | 5,160 | 16,800 | 16,420 |
|
We will begin to engage first tier distributors to distributor our handicraft products in provincial capital cities in 10 provinces; each first tier distributor is required to reach minimal annual sales volume of 2,000,000 RMB. First tier distributors will be able to purchase handicrafts from us at a price below the price that basic distributors pay for the handicraft products. In addition to the discounted first tier distributor pricing provided, we will also provide approximately 3%-5% commission (payable in yew seedling products) to these first tier distributors. |
|
We will engage second tier distributors in smaller cities. Each second tier distributor is required to reach minimal annual sales volume of 1,000,000 RMB. These distributors will also be offered beneficial pricing off the price that basic distributors pay. We will also provide approximately 2%-3% commission (payable in yew seedling products) to the second tier distributors. |
|
We have instructed our sales representative to make frequent visits to our distributors to promote our handicraft products. |
Fiscal 2011 |
Fiscal 2010 |
Increase (Decrease) |
Percentage Change |
|||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCM raw
materials |
$ | 3,458,093 | $ | 2,845,067 | $ | 613,026 | 21.5 | % | ||||||||||
Yew trees
|
2,400,245 | 2,131,445 | 268,800 | 12.6 | % | |||||||||||||
Handicrafts
|
102,701 | 151,540 | (48,839 | ) | (32.2 | )% | ||||||||||||
Total
|
$ | 5,961,039 | $ | 5,128,052 | $ | 832,987 | 16.2 | % |
Years Ended December 31, |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 |
2010 |
||||||||||
Sales volume
third parties (kg) |
12,160 | 9,360 | |||||||||
Sales volume
related party (kg) |
9,010 | 8,990 | |||||||||
Total sales
volume |
21,170 | 18,350 |
2011 |
2010 |
Decrease |
Percentage Change |
|||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCM raw
materials |
$ | 897,154 | $ | 924,547 | $ | (27,393 | ) | (3.0 | )% | |||||||||
Yew trees
|
172,460 | 633,027 | (460,567 | ) | (72.8 | )% | ||||||||||||
Handicrafts
|
56,351 | 80,489 | (24,138 | ) | (30.0 | )% | ||||||||||||
Total
|
$ | 1,125,965 | $ | 1,638,063 | $ | (512,098 | ) | (31.3 | )% |
2011 |
2010 |
Increase (Decrease) |
||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCM raw
materials |
74.1 | % | 67.5 | % | 6.6 | % | ||||||||
Yew trees
|
92.8 | % | 70.3 | % | 22.5 | % | ||||||||
Handicrafts
|
45.1 | % | 46.9 | % | (1.8 | )% | ||||||||
Total
|
81.1 | % | 68.1 | % | 13.0 | % |
Year Ended December 31, |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 |
2010 |
||||||||||
Salary and
related benefit |
$ | 12,865 | $ | 2,672 | |||||||
Advertising
|
8,604 | 2,571 | |||||||||
Shipping and
handling |
16,166 | 11,316 | |||||||||
Other
|
16,958 | 13,858 | |||||||||
Total
|
$ | 54,593 | $ | 30,417 |
|
For fiscal 2011, salary and related benefit increase by $10,193 which was primarily attributable to an increase in salaries paid to our sales staff due to the expansion in our sales team. |
|
For fiscal 2011, advertising expenses increase by $6,033 in order to enhance our visibility. |
|
For fiscal 2011, shipping and handling expenses increased by $4,850 due to the increase in our revenue and sales activities. |
|
For fiscal 2011, other expenses increased by $3100 primarily due to the increase in travel and entertainment expenses. |
Year Ended December 31, |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 |
2010 |
||||||||||
Compensation
and related benefits |
$ | 173,571 | $ | 76,584 | |||||||
Depreciation
|
154,266 | 133,861 | |||||||||
Travel and
entertainment |
86,408 | 80,679 | |||||||||
Professional
fees |
195,044 | 453,642 | |||||||||
Research and
development |
16,048 | 24,404 | |||||||||
Other
|
108,478 | 109,709 | |||||||||
Total
|
$ | 733,815 | $ | 878,879 |
|
For fiscal 2011, compensation and related benefits increased by $96,987 or 126.6%. The increase was primarily attributable to the increase in salaries paid to our management resulting from the expansion of our business in China. Additionally, during fiscal 2011 we hired our chief financial officer and other administrative staffs in connection with becoming a public company. |
|
For fiscal 2011, depreciation increased by $20,405 or 15.2%. The increase was mainly attributable to an increase in depreciable assets. |
|
Professional fees consisted of legal, accounting and other fees associated with preparing to be a public company. For fiscal 2011, professional fees decreased by $258,598 or 57.0% as compared to fiscal 2010. The decrease was primarily attributable to a decrease in legal fees of approximately $89,000, a decrease in accounting fees of approximately $93,000 and a decrease in consulting fees of approximately $77,000 related to our efforts to prepare to become a publicly listed company in the United States. |
|
For fiscal 2011, research and development expenses decreased by $8,356 or 34.2%. The decrease was because we had less research and development activities incurred. |
|
Travel and entertainment and other expenses remained materially consistent in fiscal 2011 as compared to fiscal 2010. |
TCM raw materials |
Yew trees |
Handicrafts |
Total |
|||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues
|
$ | 2,066,267 | $ | 2,400,245 | $ | 97,914 | $ | 4,564,426 | ||||||||||
Revenues
related parties |
1,391,826 | | 4,787 | 1,396,613 | ||||||||||||||
Total Revenue
|
3,458,093 | 2,400,245 | 102,701 | 5,961,039 | ||||||||||||||
Cost of sales
|
515,323 | 172,460 | 53,724 | 741,508 | ||||||||||||||
Cost of sales
related parties |
381,831 | | 2,627 | 384,457 | ||||||||||||||
Total Cost of
sales |
897,154 | 172,460 | 56,351 | 1,125,965 |
TCM raw materials |
Yew trees |
Handicrafts |
Total |
|||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues
|
$ | 1,518,864 | $ | 2,131,445 | $ | 138,872 | $ | 3,789,181 | ||||||||||
Revenues
related parties |
1,326,203 | | 12,668 | 1,338,871 | ||||||||||||||
Total Revenue
|
2,845,067 | 2,131,445 | 151,540 | 5,128,052 | ||||||||||||||
Cost of sales
|
471,595 | 633,027 | 73,761 | 1,178,383 | ||||||||||||||
Cost of sales
related parties |
452,952 | | 6,728 | 459,680 | ||||||||||||||
Total Cost of
sales |
924,547 | 633,027 | 80,489 | 1,638,063 |
December 31, 2011 to September 30, 2012 |
|||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Category |
September 30, 2012 |
December 31, 2011 |
Change |
Percentage change |
|||||||||||||||
Current
assets: |
|||||||||||||||||||
Cash
|
$ | 567,798 | $ | 732,371 | $ | (164,573 | ) | (22.5 | )% | ||||||||||
Accounts
receivable |
530,471 | | 530,471 | 100.0 | % | ||||||||||||||
Inventories
|
899,783 | 710,844 | 188,939 | 26.6 | % | ||||||||||||||
Prepaid rent
related party |
67,292 | | 67,292 | 100.0 | % | ||||||||||||||
Prepaid
expenses and other assets |
14,245 | 433 | 13,812 | 3,189.8 | % | ||||||||||||||
Current
liabilities: |
|||||||||||||||||||
Accounts
payable |
915,792 | 1,360,611 | (444,819 | ) | (32.7 | )% | |||||||||||||
Accrued
expenses and other payables |
49,939 | 119,901 | (69,962 | ) | (58.3 | )% | |||||||||||||
Taxes payable
|
11,303 | 500 | 10,803 | 2,160.6 | % | ||||||||||||||
Refundable
common stock subscription |
| 950,000 | (950,000 | ) | (100.0 | )% | |||||||||||||
Due to
related parties |
56,098 | 266,488 | (210,390 | ) | (78.9 | )% | |||||||||||||
Working
capital: |
|||||||||||||||||||
Total current
assets |
$ | 2,079,589 | $ | 1,443,648 | $ | 635,941 | 44.1 | % | |||||||||||
Total current
liabilities |
1,033,132 | 2,697,500 | (1,664,368 | ) | (61.7 | )% | |||||||||||||
Working
capital (deficiency) |
$ | 1,046,457 | $ | (1,253,852 | ) | $ | 2,300,309 | (183.5 | )% |
|
An increase in accounts receivable of approximately $530,000; |
|
An increase in inventories of approximately $189,000; |
|
An increase in prepaid rent related parties of approximately $67,000; |
|
An increase in prepaid expenses and other assets of approximately $14,000; |
|
A decrease in accounts payable of approximately $445,000; |
|
A decrease in accrued expenses and other payables of approximately $70,000; |
|
A decrease in refundable common stock subscription of approximately $950,000; |
|
A decrease in due to related parties of approximately $210,000; |
|
A decrease in cash of approximately $165,000; and |
|
An increase in taxes payable of approximately $11,000. |
|
net income of approximately $3,360,000 adjusted for the add-back of non-cash items, such as: depreciation of approximately $159,000, and amortization of land use rights and yew forest assets of approximately $259,000, and |
|
the receipt of cash from operations from changes in operating assets and liabilities of approximately $34,000, |
|
the use of cash from changes in operating assets and liabilities, such as: an increase in accounts receivable of approximately $531,000, an increase in inventories of approximately $2,335,000 mainly due to the acquired trees from Fuye Field Agreement, an increase in prepaid rent related parties of approximately $67,000, a decrease in accounts payable of approximately $452,000 and a decrease in accrued expenses and other payables of approximately $67,000. |
|
net income of approximately $2,838,000 adjusted for the add-back of non-cash items, such as depreciation of approximately $128,000, amortization of land use rights and yew forest assets of approximately $213,000, loss on disposal of fixed assets of approximately $10,000; and |
|
the receipt of cash from operations from changes in operating assets and liabilities, such as: a decrease in inventories of approximately $859,000, an increase in accounts payable of approximately $502,000, |
|
partially offset by the use of cash from changes in operating assets and liabilities, such as a decrease in advances from customers of approximately $174,000. |
December 31, 2010 to December 31, 2011 |
|||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Category |
December 31, 2011 |
December 31, 2010 |
Change |
Percentage Change |
|||||||||||||||
Current
assets: |
|||||||||||||||||||
Cash
|
$ | 732,371 | $ | 1,850,488 | $ | (1,118,117 | ) | (60.4 | )% | ||||||||||
Due from
related parties |
| 57,131 | (57,131 | ) | (100.0 | )% | |||||||||||||
Inventories
|
710,844 | 972,048 | (261,204 | ) | (26.9 | )% | |||||||||||||
Prepaid
expenses and other assets |
433 | 2,250 | (1,817 | ) | (80.8 | )% | |||||||||||||
Current
liabilities: |
|||||||||||||||||||
Accounts
payable |
1,360,611 | 1,810,092 | (449,481 | ) | (24.8 | )% | |||||||||||||
Advance from
customers |
| 322,151 | (322,151 | ) | (100.0 | )% | |||||||||||||
Accrued
expenses and other payables |
119,901 | 55,604 | 64,297 | 115.6 | % | ||||||||||||||
Taxes payable
|
500 | 7,112 | (6,612 | ) | (93.0 | )% | |||||||||||||
Refundable
common stock subscription |
950,000 | 950,000 | | | |||||||||||||||
Due to
related parties |
266,488 | 141,276 | 125,212 | 88.6 | % | ||||||||||||||
Working
capital: |
|||||||||||||||||||
Total current
assets |
$ | 1,443,648 | $ | 2,881,917 | $ | (1,438,269 | ) | (50.91 | )% | ||||||||||
Total current
liabilities |
2,697,500 | 3,286,235 | (588,735 | ) | (17.9 | )% | |||||||||||||
Working
capital deficiency |
$ | (1,253,852 | ) | $ | (404,318 | ) | $ | (849,534 | ) | (210.1 | )% |
|
A decrease in cash of approximately $1,118,000, |
|
A decrease in inventories of approximately $347,962 |
|
An increase in due to related parties of approximately $125,000, |
|
A decrease in accounts payable of approximately $449,000, and |
|
A decrease in advances from customers of approximately $322,000. |
|
net income of approximately $4,040,000 adjusted for the add-back of non-cash items, such as: depreciation of approximately $178,000, and amortization of land use rights and yew forest assets of approximately $293,000, and |
|
the receipt of cash from operations from changes in operating assets and liabilities, such as: a decrease in inventories of approximately $606,000, a decrease in due from related parties of approximately $26,000, and an increase in accrued expenses and other payable of approximately $62,000, |
|
the use of cash from changes in operating assets and liabilities, such as: a decrease in accounts payable of approximately $511,000 and a decrease in advances from customers of approximately $329,000. |
|
net income of approximately $2,586,000 adjusted for the add-back of non-cash items, such as depreciation of approximately $158,000, amortization of land use rights and yew forest assets of approximately $48,000, stock-based compensation expense of $50,000, and |
|
the receipt of cash from operations from changes in operating assets and liabilities, such as: a decrease in accounts receivable of approximately $2,354,000 related to the collection of outstanding accounts receivable balances, a decrease in advance to suppliers of approximately $633,000, an increase in accounts payable of approximately $1,737,000 and an increase in advances from customers of approximately $314,000. |
|
offset by the use of cash from changes in operating assets and liabilities, such as: an increase in inventories of approximately $222,000. |
Contractual obligations: |
Total |
1 year |
13 years |
35 years |
5+ years |
|||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating
leases |
$ | 667,293 | $ | 36,004 | $ | 69,561 | $ | 63,924 | $ | 497,804 | ||||||||||||||||
Land and yew
forest rights (1) |
895,532 | 105,778 | 789,754 | | | |||||||||||||||||||||
Total
|
$ | 1,562,825 | $ | 141,782 | $ | 859,315 | $ | 63,924 | $ | 497,804 |
(1) |
On July 18, 2012, we entered into the Fuye Field Agreement, pursuant to which we acquired the right to use land with an area of 117.5 mu (approximately 19.6 acres), for a term of 16 years, through March 2028. We also acquired a building, and more than 80,000 trees which are not yew trees located on the property. During the term of the Fuye Field Agreement, we have the right to develop the property for the production of yew trees. The aggregate purchase price of RMB 15,002,300 (approximately $2,377,000) was divided into three installments. As of September 30, 2012, we made payment of RMB 9,330,000 (approximately $1.5 million) and we are required to pay RMB 670,000 (approximately $106,000) on December 25, 2012 and RMB 5,002,300 (approximately $790,000) on or before December 25, 2013. |
|
We have entered into several land use agreements with various parties, which provide the potential for us to grow a large number of yew trees on large areas of land over the next few decades, although we cannot currently estimate the number of trees we will grow or the total amount of land we will put into production over such period. |
|
We employ proprietary, patented accelerated growth technology, the Asexual Reproduction Method, to bring yew trees to commercialization decades faster than growing yew trees naturally. |
|
Because of our more productive and faster rate of yew cultivation, we have a sufficient supply of raw material to allow us to use the branches and leaves, rather than the bark, of yew trees, to sell to customers for the purpose of making TCM. The yew industry is highly regulated in the PRC because the yew tree is considered an endangered species. By harvesting only branches and leaves of yew trees we respond to both environmental sensitivities and regulations, because cutting the bark of the yew trees will damage the trees and stop it from growing new branches. |
|
We have permits from the Heilongjiang provincial government to sell our yew trees and manufacture handicrafts using yew timber. We believe that we are one of only a handful of companies in the PRC with permissions to manufacture handicrafts using yew timber. |
|
The TCM raw materials and yew tree segments of our business are tax-free in the PRC. |
|
a pair of yew chopsticks sells for approximately RMB198; |
|
a fountain pen sells for approximately RMB 2480; |
|
sculptures can sell for tens of thousands of RMB; and |
|
large pieces of furniture can sell for more than RMB 100,000. |
|
Anhui Bairun accounted for approximately 16% of our consolidated revenue |
|
Shenzhen Keiji accounted for approximately 14% of our consolidated revenue |
|
Changchun Hengtai accounted for approximately 14% of our consolidated revenue |
|
Wuchang Hongyi Co., Ltd. accounted for approximately 13% of our consolidated revenue |
|
Yew Pharmaceutical accounted for approximately 12% of our consolidated revenue |
|
Shenzhen Tianyitang accounted for approximately 11% of our consolidated revenue |
|
Anhui Bairun accounted for approximately 29% of our consolidated revenue |
|
Yew Pharmaceutical accounted for approximately 23% of our consolidated revenue |
|
Wuchang Hongyi accounted for approximately 13% of our consolidated revenue |
|
Changchun Hengtai accounted for approximately 10% of our consolidated revenue. |
|
We will begin to engage first tier distributors to distributor our handicraft products in provincial capital cities in 10 provinces; each first tier distributor is required to reach minimal annual sales volume of 2,000,000 RMB. First tier distributors will be able to purchase handicrafts from us at a price below the price that basic distributors pay for the handicraft products. In addition to the discounted first tier distributor pricing provided, we will also provide approximately 3%-5% commission (payable in yew seedling products) to these first tier distributors. |
|
We will engage second tier distributors in smaller cities. Each second tier distributor is required to reach minimal annual sales volume of 1,000,000 RMB. These distributors will also be offered beneficial pricing off the price that basic distributors pay. We will also provide approximately 2%-3% commission (payable in yew seedling products) to the second tier distributors. |
|
We have instructed our sales representatives to make frequent visits to our distributors to promote our handicraft products. |
|
Yew Tree Plant Extracts, Methods for Extracting the Plant Extracts and Application, or the Yew Extract Method, was granted by the State Intellectual Property Office, or SIPO, to HDS on August 16, 2011. This patent had previously been held by Heilongjiang Yew Pharmaceutical Co., Ltd. This patent is valid for 20 years, from June 23, 2004 through June 22, 2024. |
|
Northeast Yew Asexual Reproduction Method, or the Asexual Reproduction Method, was granted by SIPO to HDS on September 21, 2011. This patent is valid for 20 years, from September 30, 2010 through September 29, 2030. |
|
The Asexual Reproduction Method addresses the low rooting rate problem and accelerates the seedling rate and the maturity period for Northeast yew. It increases the rooting rate to over 80% and the seedling rate to over 85% for Northeast yew. It can bring the Northeast yew to maturity and ready for commercialization for medical use in as little as two-to-three years, compared to more than 50 years for naturally growing yew trees. |
|
Large colonies can form to out-compete other organisms for nutrients. The active ingredients in the offspring were relatively stable with little difference. |
|
There is high chance of survival of the offspring with little variation. |
Mr. Wang
|
76.65 | % | ||||
Madame Qi
|
18.53 | % | ||||
Mr. Han
|
4.82 | % |
|
Exclusive Business Cooperation Agreement. Pursuant to the Exclusive Business Cooperation Agreement between JSJ and HDS, or the Business Cooperation Agreement, JSJ has the exclusive right to provide to HDS general business operation services, including advice and strategic planning, as well as consulting services related to technology, research and development, human resources, marketing and other services deemed necessary, or collectively referred to as the Services. Under the Business Cooperation Agreement, JSJ has exclusive and proprietary rights and interests in all rights, ownership, interests and intellectual properties arising out of or created during the performance of the Business Cooperation Agreement, including but not limited to copyrights, patents, patent applications, software and trade secrets. HDS shall pay to JSJ a monthly consulting service fee, or the Service Fee, in RMB that is equal to 100% of the monthly net income of HDS. Upon the prior written consent by JSJ, the rate of Service Fee may be adjusted pursuant to the operational needs of HDS. Within 30 days after the end of each month, HDS shall (a) deliver to JSJ the management accounts and operating statistics of HDS for such month, including the net income of HDS during such month, or the Monthly Net Income, and (b) pay 80% of such Monthly Net Income to JSJ, each such payment referred to as a Monthly Payment. Within ninety (90) days after the end of each fiscal year, HDS shall (a) deliver to JSJ financial statements of HDS for such fiscal year, which shall be |
audited and certified by an independent certified public accountant approved by JSJ, and (b) pay an amount to JSJ equal to the shortfall, if any, of the aggregate net income of HDS for such fiscal year, as shown in such audited financial statements, as compared to the aggregate amount of the Monthly Payments paid by HDS to JSJ in such fiscal year. HDS also granted an irrevocable and exclusive option to JSJ to purchase any and all of the assets of HDS, to the extent permitted under PRC law, at the lowest price permitted by PRC law. Unless earlier terminated in accordance with the provisions of the Business Cooperation Agreement or other agreements separately executed between JSJ and HDS, the Business Cooperation Agreement is for a term of ten years and expires on November 5, 2020; however, the term of the Business Cooperation Agreement may be extended if confirmed in writing by JSJ prior to the expiration of the term thereof. The period of the extended term shall be determined exclusively by JSJ and HDS shall accept such extended term unconditionally. Unless JSJ commits gross negligence, or a fraudulent act, against HDS, HDS shall not terminate the Business Cooperation Agreement prior to the expiration of the term, including any extended term. Notwithstanding the foregoing, JSJ shall have the right to terminate the Business Cooperation Agreement at any time upon giving 30 days prior written notice to HDS. |
|
Exclusive Option Agreement. Under an Exclusive Option Agreement among JSJ, HDS and each HDS Shareholder, individually referred to as an Option Agreement, the terms of which are substantively identical to each other, each HDS Shareholder has granted JSJ or its designee the irrevocable and exclusive right to purchase, to the extent permitted under PRC law, all or any part of the HDS Shareholders equity interests in HDS, or the Equity Interest Purchase Option, for RMB 10. If an appraisal is required by PRC laws at the time when and if JSJ exercises the Equity Interest Purchase Option, the parties shall negotiate in good faith and, based upon the appraisal, make a necessary adjustment to the purchase price so that it complies with any and all then applicable PRC laws. Without the consent of JSJ, the HDS Shareholders shall not sell, transfer, mortgage or dispose of their respective shares of HDS stock. Additionally, without the prior consent of JSJ, the HDS Shareholders shall not in any manner supplement, change or amend the articles of association and bylaws of HDS, increase or decrease its registered capital, change the structure of its registered capital in any other manner, or engage in any transactions that could materially affect HDS assets, liabilities, rights or operations, including, without limitation, the incurrence or assumption of any indebtedness except incurred in the ordinary course of business, execute any major contract over RMB 500,000, sell or purchase any assets or rights, incur of any encumbrance on any of its assets or intellectual property rights in favor of a third party or transfer of any agreements relating to its business operation to any third party. The term of each Option Agreement is ten years commencing on November 5, 2020 and may be extended at the sole election of JSJ. |
|
Equity Interest Pledge Agreement. In order to guarantee HDSs performance of its obligations under the Business Cooperation Agreement, each HDS Shareholder, JSJ and HDS entered into an Equity Interest Pledge Agreement, individually referred to as a Pledge Agreement, the terms of which are substantially similar to each other. Pursuant to the Pledge Agreement, each HDS Shareholder pledged all of his or her equity interest in HDS to JSJ. If HDS or the HDS Shareholders breach their respective contractual obligations and such breach is not remedied to the satisfaction of JSJ within 20 days after the giving of notice of breach, JSJ, as pledgee, will be entitled to exercise certain rights, including the right to foreclose upon and sell the pledged equity interests. During the term of the Pledge Agreement, the HDS Shareholder shall not transfer his or her equity interest in HDS or place or otherwise permit any other security interest of other encumbrance to be placed on such equity interest. Upon the full payment of the Service Fee under the Business Cooperation Agreement and upon the termination of HDSs obligations thereunder, the Pledge Agreement shall be terminated. |
|
Power of Attorney. Under a Power of Attorney executed by each HDS Shareholder, individually referred to as a Power of Attorney, the terms of which are substantially similar to each other, JSJ has been granted an exclusive, irrevocable power of attorney to take actions in the place and stead of the HDS Shareholder, to act on behalf of the HDS Shareholder as his or her exclusive agent and attorney with respect to all matters concerning the HDS Shareholders equity interests in HDS, |
including without limitation, the right to: 1) attend shareholders meetings of HDS; 2) exercise all the HDS Shareholders rights, including voting rights under PRC laws and HDSs Articles of Association, including but not limited to the sale or transfer or pledge or disposition of the HDS Shareholders equity interests in HDS in whole or in part; and 3) designate and appoint on behalf of the HDS Shareholder the legal representative, executive director, supervisor, manager and other senior management of HDS. |
|
The issuance of the Founders Options will be subject to pre-issuance approval by our shareholders, which approval is being sought at the Special Meeting; |
|
Each Founders Option will be fully vested upon issuance; |
|
Each Founders Option may be exercised only upon the approval by the YBP shareholders of an amendment to YBPs Articles of Incorporation increasing the number of shares of authorized common stock and the filing of a Certificate of Amendment to the YBP Articles of Incorporation with the Secretary of State of Nevada; |
|
Each Founders Option will be exercisable for a period of five years; |
|
Each Founders Option will have a per share exercise price equal to the fair market value of a shares of YBP common stock on the date of grant; and |
|
Each Founders Option will have a cashless exercise feature, pursuant to which, at the optionees election, he or she may choose to deliver previously-owned shares of YBP common stock in payment of the exercise price or not pay the exercise price of the Founders Option and receive instead a reduced number of shares of YBP common stock reflecting the value of the number of shares of YBP common stock equal to the difference, if any, between the aggregate fair market value of the shares issuable upon exercise of the Founders Option and the exercise price of the Founders Option. |
Number of Optionee |
Number of Shares Subject to Founders Option |
|||||
---|---|---|---|---|---|---|
Zhioguo Wang
|
20,103,475 | |||||
Guifang Qi
|
2,488,737 | |||||
Xingming Han
|
213,300 |
Shareholder |
Number Shares Presently Held |
Percentage of Issued Shares Presently Held |
Number Shares Held Assuming Exercise of All Founders Options |
Percentage of Issued Shares Following Exercise of All Founders Options |
||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Zhiguo Wang
|
20,103,475 | 40.21 | % | 40,206,950 | 55.23 | % | ||||||||||||
Guifang Qi
|
2,488,737 | 4.98 | % | 4,977,474 | 6.84 | % | ||||||||||||
Xingming Han
|
213,300 | 0.43 | % | 426,600 | 0.59 | % | ||||||||||||
All HDS
Shareholders as a group (3 persons) |
22,805,512 | 45.61 | % | 45,611,024 | 62.65 | % | ||||||||||||
All other
existing shareholders |
27,194,488 | 54.39 | % | 27,194,488 | 37.35 | % | ||||||||||||
Total
|
50,000,000 | 100.00 | % | 72,805,512 | 100.00 | % |
Date of Agreement |
Transferor (Lessor) |
Location |
Land Use Area |
Term |
||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
March 21,
2004 |
Wuchang City Forestry Bureau |
Wuchang City |
1,000,000 mu |
30 years |
||||||||||||||
March 22,
2004 |
Changshan Niu |
Beichuan Village, Pingshan Town |
125
mu |
50 years |
||||||||||||||
April 4,
2004 |
Pingshan Town Government (Beichuan Village Committee) |
Beichuan Village, Pingshan Town |
400
mu(1) |
50 years |
||||||||||||||
March 25,
2005 |
ZTC |
Lalin
Town, Wuchang City |
361
mu |
30 years |
||||||||||||||
January 18,
2008 |
Shukun Jiang and Shubao Jiang |
Pinshan Dalazi Mountain |
290
mu |
50 years |
||||||||||||||
March 4,
2010 |
Heilongjiang Pingshan Yew Comprehensive Development Co., Ltd. |
Pingfangdian |
15,865 mu |
45 years |
||||||||||||||
July 18,
2012 |
Huazhong Liu |
Beizhao Village, Hongxing Town, Acheng District |
117.5
mu |
16 years |
(1) |
This agreement provides for 400 mu, which is the total usable area subject to the agreement. A survey completed after the agreement was entered into concluded that a total of 955 mu is covered by the agreement, to which the parties have agreed. |
|
RMB 6,300,000 upon receipt by HDS of all related supporting documents and materials on the ownership and land use right of the property |
|
RMB 3,700,000 on December 25, 2012 |
|
RMB 5,002,300 on or before December 25, 2013. |
Name |
Age |
Position |
||||||||
---|---|---|---|---|---|---|---|---|---|---|
Zhiguo Wang
|
50 |
Chief Executive Officer, President, Secretary and Chairman of the Board |
||||||||
Adam Wasserman
|
48 |
Chief Financial Officer |
||||||||
Guifang Qi
|
50 |
Treasurer-YBP and Director |
||||||||
Xingming Han
|
47 |
General Manager-HDS and Director |
Name and Principal Position |
Year |
Salary ($) |
Bonus ($) |
Stock Awards ($) |
Option Awards ($) |
Non-equity incentive plan compensation ($) |
Non-qualified deferred compensation earnings ($) |
All other compensation ($) |
Total ($) |
|||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Zhiguo Wang
President, |
2011 | 15,757 | | | | | | | 15,757 | |||||||||||||||||||||||||||||
Chief
Executive Officer |
2010 | 11,507 | | | | | | | 11,507 | |||||||||||||||||||||||||||||
2009 | 9,648 | | | | | | | 9,648 | ||||||||||||||||||||||||||||||
Adam
Wasserman (1) |
2011 | 40,000 | | | | | | | 40,000 | |||||||||||||||||||||||||||||
Chief
Financial Officer |
2010 | | | | | | | | | |||||||||||||||||||||||||||||
2009 | | | | | | | | | ||||||||||||||||||||||||||||||
Guifang Qi
|
2011 | 11,586 | | | | | | | 11,586 | |||||||||||||||||||||||||||||
Treasurer,
YBP and Vice |
2010 | 9,146 | | | | | | | 9,146 | |||||||||||||||||||||||||||||
General
Manager, HDS |
2009 | 7,894 | | | | | | | 7,894 | |||||||||||||||||||||||||||||
Xingming Han
|
2011 | 15,757 | | | | | | | 15,757 | |||||||||||||||||||||||||||||
General
Manager, HDS |
2010 | 11,212 | | | | | | | 11,212 | |||||||||||||||||||||||||||||
2009 | 6,856 | | | | | | | 6,856 | ||||||||||||||||||||||||||||||
Li Zhao (2)
|
2011 | 901 | | | | | | | 901 | |||||||||||||||||||||||||||||
Chief
Financial Officer |
2010 | 4,426 | | | | | | | 4,426 | |||||||||||||||||||||||||||||
2009 | 4,385 | | | | | | | 4,385 | ||||||||||||||||||||||||||||||
Shiyi Li (3)
|
2011 | 2,188 | | | | | | | 2,188 | |||||||||||||||||||||||||||||
Chief
Financial Officer |
2010 | N/A | | | | | | | N/A | |||||||||||||||||||||||||||||
2009 | N/A | | | | | | | N/A |
(1) |
Mr. Wasserman has served as CFO since September 1, 2011. |
(2) |
Ms. Zhao served as CFO from January 1, 2009 to March 10, 2011. |
(3) |
Shiyi Li served as CFO from March 10, 2011 to September 1, 2011. |
Due to related parties |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Name of related party |
September 30, 2012 |
December 31, 2011 |
|||||||||
Zhiguo Wang
|
$ | 54,409 | $ | 31,357 | |||||||
Yew
Pharmaceutical |
| 62,847 | |||||||||
Madame Qi
|
1,689 | | |||||||||
ZTC
|
| 172,284 | |||||||||
Total
|
$ | 56,098 | $ | 266,488 |
Name and Address |
Amount and Nature of Beneficial Ownership |
Percentage of Class(1) |
||||||||
---|---|---|---|---|---|---|---|---|---|---|
Directors and
Executive Officers: |
||||||||||
Zhiguo Wang
(2)(3)(5) No.234, Gexin Street Nangang District, Harbin City Peoples Republic of China |
24,558,349 | 49.12 | % | |||||||
Guifang Qi
(2)(4)(5) No.234, Gexin Street Nangang District, Harbin City Peoples Republic of China |
24,558,349 | 49.12 | % | |||||||
Xingming
Han(5) Door 3, Floor 7, Unit 2, vice No.23 Tongzhan Street Xiangfang District, Harbin City Peoples Republic of China |
213,300 | * | ||||||||
Adam
Wasserman 1643 Royal Grove Way Weston, FL 33327 |
0 | 0 | % | |||||||
All Directors
and Executive Officers as a group (4 persons) (5) |
24,771,649 | 49.54 | % |
* |
less than 1% |
(1) |
Percentages are calculated on the basis of 50,000,000 shares of YBP common stock outstanding as of November 30, 2012. |
(2) |
Zhiguo Wang and Guifang Qi are husband and wife. |
(3) |
Consists of (i) 20,103,475 shares held by Mr. Wang; (ii) 2,488,737 shares held by Madame Qi; and (iii) 1,966,137 shares held by an immediate family member living in Mr. Wangs and Madame Qis residence and as to which Mr. Wang disclaims beneficial ownership. |
(4) |
Consists of (i) 2,488,737 shares held by Madame Qi; (ii) 20,103,475 shares held by Mr. Wang; and (iii) 1,966,137 shares held by an immediate family member living in Mr. Wangs and Madame Qis residence and as to which Madame Qi disclaims beneficial ownership. |
(5) |
Does not include any shares of YBP common stock issuable upon the exercise of the Founders Options, assuming they are approved at the Special Meeting and subsequently granted by the Board of Directors. See Business Corporate Structure and Recapitalization. |
Shares Beneficially Owned Prior to the Offering (1) |
Shares Being Offered |
Shares Beneficially Owned After the Offering (1) |
|||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner |
Number |
Percentage (2) |
Number |
Percentage (2) |
|||||||||||||||||||
Tie Zhi Cheng
|
474 | * | 474 | 0 | * | ||||||||||||||||||
Guangqing
Yang |
498 | * | 498 | 0 | * | ||||||||||||||||||
Qingsheng Liu
|
498 | * | 498 | 0 | * | ||||||||||||||||||
Yong An Zhao
|
498 | * | 498 | 0 | * | ||||||||||||||||||
Yong Qiang
Han |
498 | * | 498 | 0 | * | ||||||||||||||||||
Zhen Da Zhou
|
498 | * | 498 | 0 | * | ||||||||||||||||||
Bing Ying
Wang |
790 | * | 790 | 0 | * | ||||||||||||||||||
Guixiang
Zhang |
790 | * | 790 | 0 | * | ||||||||||||||||||
Jing Yan Shao
|
790 | * | 790 | 0 | * | ||||||||||||||||||
Jing Yue Peng
|
790 | * | 790 | 0 | * | ||||||||||||||||||
Ning Shu Yang
|
790 | * | 790 | 0 | * | ||||||||||||||||||
Liping Liu
|
830 | * | 830 | 0 | * | ||||||||||||||||||
Liping Sun
|
830 | * | 830 | 0 | * | ||||||||||||||||||
Jin Dong Wang
|
878 | * | 878 | 0 | * | ||||||||||||||||||
Gui Mei Zhang
|
965 | * | 965 | 0 | * | ||||||||||||||||||
Hong Xu Ji
|
965 | * | 965 | 0 | * | ||||||||||||||||||
Meng Lan Yuan
|
965 | * | 965 | 0 | * | ||||||||||||||||||
Min Luo
|
965 | * | 965 | 0 | * | ||||||||||||||||||
Ning Zhang
|
965 | * | 965 | 0 | * | ||||||||||||||||||
Peiye Ma
|
965 | * | 965 | 0 | * | ||||||||||||||||||
Qing Yuan
Jiang |
965 | * | 965 | 0 | * | ||||||||||||||||||
Ri Qiang Lu
|
965 | * | 965 | 0 | * | ||||||||||||||||||
Rui Sun
|
965 | * | 965 | 0 | * | ||||||||||||||||||
Shijie Guo
|
965 | * | 965 | 0 | * | ||||||||||||||||||
Wei Dong
Zhang |
965 | * | 965 | 0 | * | ||||||||||||||||||
Wei Na
|
965 | * | 965 | 0 | * | ||||||||||||||||||
Yan Ling Zhao
|
965 | * | 965 | 0 | * | ||||||||||||||||||
Yan Zuo
|
965 | * | 965 | 0 | * | ||||||||||||||||||
Yong Wang
|
965 | * | 965 | 0 | * | ||||||||||||||||||
Yongfa Guo
|
965 | * | 965 | 0 | * | ||||||||||||||||||
Zhong Wei
Wang |
965 | * | 965 | 0 | * | ||||||||||||||||||
Zu Bin Sun
|
965 | * | 965 | 0 | * | ||||||||||||||||||
Honghai Sun
|
995 | * | 995 | 0 | * | ||||||||||||||||||
Jianru Shao
|
995 | * | 995 | 0 | * | ||||||||||||||||||
Weidong Song
|
995 | * | 995 | 0 | * | ||||||||||||||||||
Shi Ying Yang
|
1,024 | * | 1,024 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) |
Shares Being Offered |
Shares Beneficially Owned After the Offering (1) |
|||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner |
Number |
Percentage (2) |
Number |
Percentage (2) | |||||||||||||||||||
Zhi Ling Shan
|
1,024 | * | 1,024 | 0 | * | ||||||||||||||||||
Li Zhang
|
1,043 | * | 1,043 | 0 | * | ||||||||||||||||||
Fajun Lian
|
1,493 | * | 1,493 | 0 | * | ||||||||||||||||||
Hong Xia Li
|
1,493 | * | 1,493 | 0 | * | ||||||||||||||||||
Li Zhang
|
1,493 | * | 1,493 | 0 | * | ||||||||||||||||||
Qingbin Zhu
|
1,493 | * | 1,493 | 0 | * | ||||||||||||||||||
Qiyuan Zhao
|
1,493 | * | 1,493 | 0 | * | ||||||||||||||||||
Shu Qin Zhang
|
1,493 | * | 1,493 | 0 | * | ||||||||||||||||||
Xiaorong E
|
1,493 | * | 1,493 | 0 | * | ||||||||||||||||||
Jun Yang
|
1,536 | * | 1,536 | 0 | * | ||||||||||||||||||
Li Zhu Zhai
|
1,536 | * | 1,536 | 0 | * | ||||||||||||||||||
Xi Bin Wang
|
1,536 | * | 1,536 | 0 | * | ||||||||||||||||||
Xing Kui Li
|
1,536 | * | 1,536 | 0 | * | ||||||||||||||||||
Feng Ying
Zhao |
1,564 | * | 1,564 | 0 | * | ||||||||||||||||||
Meng Li Wang
|
1,564 | * | 1,564 | 0 | * | ||||||||||||||||||
Shuang Jun
Cao |
1,564 | * | 1,564 | 0 | * | ||||||||||||||||||
Fengzhen Yang
|
1,580 | * | 1,580 | 0 | * | ||||||||||||||||||
Jian Xie
|
1,580 | * | 1,580 | 0 | * | ||||||||||||||||||
Li Sun
|
1,580 | * | 1,580 | 0 | * | ||||||||||||||||||
Liu Dan Li
|
1,580 | * | 1,580 | 0 | * | ||||||||||||||||||
Ming Yang Liu
|
1,580 | * | 1,580 | 0 | * | ||||||||||||||||||
Wei Quan Zhou
|
1,580 | * | 1,580 | 0 | * | ||||||||||||||||||
Xiu Lian
Zhang |
1,580 | * | 1,580 | 0 | * | ||||||||||||||||||
Yajie Liu
|
1,580 | * | 1,580 | 0 | * | ||||||||||||||||||
Ying Cao
|
1,580 | * | 1,580 | 0 | * | ||||||||||||||||||
Yuming Li
|
1,580 | * | 1,580 | 0 | * | ||||||||||||||||||
Zhanhua Chen
|
1,580 | * | 1,580 | 0 | * | ||||||||||||||||||
Zhenwen Li
|
1,580 | * | 1,580 | 0 | * | ||||||||||||||||||
Hongman Yu
|
1,659 | * | 1,659 | 0 | * | ||||||||||||||||||
Jihai Song
|
1,659 | * | 1,659 | 0 | * | ||||||||||||||||||
Jun Meng
|
1,659 | * | 1,659 | 0 | * | ||||||||||||||||||
Lanying Wang
|
1,659 | * | 1,659 | 0 | * | ||||||||||||||||||
Shuchun Zhang
|
1,659 | * | 1,659 | 0 | * | ||||||||||||||||||
Shujian Sun
|
1,659 | * | 1,659 | 0 | * | ||||||||||||||||||
Shuxiang Sun
|
1,659 | * | 1,659 | 0 | * | ||||||||||||||||||
Wen Xin Chen
|
1,659 | * | 1,659 | 0 | * | ||||||||||||||||||
Yandong Song
|
1,659 | * | 1,659 | 0 | * | ||||||||||||||||||
Yukun Liu
|
1,659 | * | 1,659 | 0 | * | ||||||||||||||||||
Zhaohui Geng
|
1,659 | * | 1,659 | 0 | * | ||||||||||||||||||
Guang Hua Xie
|
1,706 | * | 1,706 | 0 | * | ||||||||||||||||||
Gui Min Zhao
|
1,706 | * | 1,706 | 0 | * | ||||||||||||||||||
Qiang Jia
|
1,706 | * | 1,706 | 0 | * | ||||||||||||||||||
Cui Ping Yin
|
1,722 | * | 1,722 | 0 | * | ||||||||||||||||||
Huaibin Huang
|
1,738 | * | 1,738 | 0 | * | ||||||||||||||||||
Hui Mei Shang
|
1,738 | * | 1,738 | 0 | * | ||||||||||||||||||
Jun Li Liu
|
1,738 | * | 1,738 | 0 | * | ||||||||||||||||||
Li Hua Zhou
|
1,738 | * | 1,738 | 0 | * | ||||||||||||||||||
Ling Lu
|
1,738 | * | 1,738 | 0 | * | ||||||||||||||||||
Ling Ma
|
1,738 | * | 1,738 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) |
Shares Being Offered |
Shares Beneficially Owned After the Offering (1) |
|||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner |
Number |
Percentage (2) |
Number |
Percentage (2) | |||||||||||||||||||
Shu Mei Zhang
|
1,738 | * | 1,738 | 0 | * | ||||||||||||||||||
Tie Li Wang
|
1,738 | * | 1,738 | 0 | * | ||||||||||||||||||
Wen Li Xu
|
1,738 | * | 1,738 | 0 | * | ||||||||||||||||||
Xiaowei Wang
|
1,738 | * | 1,738 | 0 | * | ||||||||||||||||||
Yurong Cao
|
1,738 | * | 1,738 | 0 | * | ||||||||||||||||||
Zhigang Feng
|
1,738 | * | 1,738 | 0 | * | ||||||||||||||||||
Ning Xin
|
1,755 | * | 1,755 | 0 | * | ||||||||||||||||||
Changjiang
Yang |
1,930 | * | 1,930 | 0 | * | ||||||||||||||||||
Chunrong Yang
|
1,930 | * | 1,930 | 0 | * | ||||||||||||||||||
Cheng Yu Wang
|
1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Dacheng Wang
|
1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Fu Wei Zhang
|
1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Gui Ying Ma
|
1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Guiling Zhang
|
1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Guoqiang Xie
|
1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Hong Ying
Wang |
1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Hui Jun Han
|
1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Jin Zhi Wang
|
1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Juan Du
|
1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Li Dong
|
1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Li Liu
|
1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Lihong Zou
|
1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Ming Kai Ren
|
1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Rui Xiang Han
|
1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Shu Ran Miao
|
1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Xiufen Li
|
1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Zhao Ge Wang
|
1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Gui Lan Zhang
|
1,991 | * | 1,991 | 0 | * | ||||||||||||||||||
Lin Li
|
1,991 | * | 1,991 | 0 | * | ||||||||||||||||||
Ying Pan
|
1,991 | * | 1,991 | 0 | * | ||||||||||||||||||
Xiang De Yu
|
2,074 | * | 2,074 | 0 | * | ||||||||||||||||||
Tao Yang
|
2,086 | * | 2,086 | 0 | * | ||||||||||||||||||
Bin Chen
|
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Chang Qing Li
|
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Dong Wei Wang
|
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Gongwei Yang
|
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Gui Rong Wang
|
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Hao Qi Chen
|
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Hui Lin Qiao
|
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Jun Wang
|
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Jun Wu
|
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Lan Ying Wang
|
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Lei Bao
|
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Li Ping Zhang
|
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Qiuhong Ma
|
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Quan An Cao
|
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Shi Xiang Jia
|
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Shu Hua Qu
|
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Shufang Sun
|
2,370 | * | 2,370 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) |
Shares Being Offered |
Shares Beneficially Owned After the Offering (1) |
|||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner |
Number |
Percentage (2) |
Number |
Percentage (2) | |||||||||||||||||||
Tong Xu
|
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Wen Long Yang
|
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Wen Qing Liu
|
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Xiang Zhe
Zheng |
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Xianhua Hua
|
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Xiao Dong
Wang |
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Xiao Hong
Yang |
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Xiu Ling Wang
|
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Xu Gui Xie
|
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Yu Ming He
|
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Yu Qin Liu
|
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Yumei Wang
|
2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Gui Zhi Yang
|
2,413 | * | 2,413 | 0 | * | ||||||||||||||||||
Yong Hai Yu
|
2,413 | * | 2,413 | 0 | * | ||||||||||||||||||
Cheng Hui
Tang |
2,489 | * | 2,489 | 0 | * | ||||||||||||||||||
Jun Li
|
2,489 | * | 2,489 | 0 | * | ||||||||||||||||||
Li Yan Hua
|
2,489 | * | 2,489 | 0 | * | ||||||||||||||||||
Shu Min Gao
|
2,489 | * | 2,489 | 0 | * | ||||||||||||||||||
Zhende Zhang
|
2,489 | * | 2,489 | 0 | * | ||||||||||||||||||
Zhi Ping Xiao
|
2,489 | * | 2,489 | 0 | * | ||||||||||||||||||
Guo Zhen Dai
|
2,545 | * | 2,545 | 0 | * | ||||||||||||||||||
Dian Jin Luan
|
2,560 | * | 2,560 | 0 | * | ||||||||||||||||||
Jian Zhang
|
2,560 | * | 2,560 | 0 | * | ||||||||||||||||||
Huan Qin Liu
|
2,607 | * | 2,607 | 0 | * | ||||||||||||||||||
Jin Song
|
2,607 | * | 2,607 | 0 | * | ||||||||||||||||||
Lifang Zhu
|
2,607 | * | 2,607 | 0 | * | ||||||||||||||||||
Shu Jie Jiang
|
2,607 | * | 2,607 | 0 | * | ||||||||||||||||||
Yan Han
|
2,607 | * | 2,607 | 0 | * | ||||||||||||||||||
Zhiguo Liu
|
2,607 | * | 2,607 | 0 | * | ||||||||||||||||||
Shi Guo Liang
|
2,752 | * | 2,752 | 0 | * | ||||||||||||||||||
Chun Hui Jia
|
2,765 | * | 2,765 | 0 | * | ||||||||||||||||||
Shu Qing Sun
|
2,852 | * | 2,852 | 0 | * | ||||||||||||||||||
Gui Mei Shi
|
2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Hua Li
|
2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Hui Jiang
|
2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Hui Zhu
|
2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Huiying Liu
|
2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Jia Zhi Wang
|
2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Jingshu Lv
|
2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Li Bin Du
|
2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Li Juan Xia
|
2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Li Ping Yang
|
2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Li Tang
|
2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Qing Ren Li
|
2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Rui Yue
|
2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Wen Xian Dong
|
2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Xianzhang Sun
|
2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Xin Yun Wang
|
2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Yan Ping Qu
|
2,896 | * | 2,896 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) |
Shares Being Offered |
Shares Beneficially Owned After the Offering (1) |
|||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner |
Number |
Percentage (2) |
Number |
Percentage (2) | |||||||||||||||||||
Yi Tao Lang
|
2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Yu Qin Wang
|
2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Yu Zhang Yue
|
2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Zhengguang
Shao |
2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Zhenmei Qu
|
2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Zhiqiang Wang
|
2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Zhiwei Tian
|
2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Feng Hu Ma
|
2,986 | * | 2,986 | 0 | * | ||||||||||||||||||
Xi Qin Wang
|
3,072 | * | 3,072 | 0 | * | ||||||||||||||||||
Lin Juan Xu
|
3,128 | * | 3,128 | 0 | * | ||||||||||||||||||
Xiaoli Xu
|
3,160 | * | 3,160 | 0 | * | ||||||||||||||||||
Xiuzhi Zhao
|
3,160 | * | 3,160 | 0 | * | ||||||||||||||||||
Congge Tang
|
3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Dingli Sun
|
3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Fenglan Guan
|
3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Guiying Song
|
3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Guizhi Yin
|
3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Hongnan Yu
|
3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Jihua Zhang
|
3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Jinxia Lu
|
3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Jirong Zhang
|
3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Lihua Zhang
|
3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Linglin Chen
|
3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Shuying Zhang
|
3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Xiuhua Cao
|
3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Xiujuan Li
|
3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Ying Sun
|
3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Hong Kuai
Feng |
3,413 | * | 3,413 | 0 | * | ||||||||||||||||||
Zhan Xiang
Zhang |
3,413 | * | 3,413 | 0 | * | ||||||||||||||||||
Fu Yu
|
3,476 | * | 3,476 | 0 | * | ||||||||||||||||||
Guang Fa
Zhang |
3,476 | * | 3,476 | 0 | * | ||||||||||||||||||
Gui Qin Zhang
|
3,476 | * | 3,476 | 0 | * | ||||||||||||||||||
Hua Geng
|
3,476 | * | 3,476 | 0 | * | ||||||||||||||||||
Jian Fu Zhang
|
3,476 | * | 3,476 | 0 | * | ||||||||||||||||||
Jing Li
|
3,476 | * | 3,476 | 0 | * | ||||||||||||||||||
Li Ming Hu
|
3,476 | * | 3,476 | 0 | * | ||||||||||||||||||
Liqiu Wang
|
3,476 | * | 3,476 | 0 | * | ||||||||||||||||||
Min Feng
Zhang |
3,476 | * | 3,476 | 0 | * | ||||||||||||||||||
Xuejun Li
|
3,476 | * | 3,476 | 0 | * | ||||||||||||||||||
Xueru Cai
|
3,476 | * | 3,476 | 0 | * | ||||||||||||||||||
Yanjie Yu
|
3,476 | * | 3,476 | 0 | * | ||||||||||||||||||
Zhong Shan
Yang |
3,583 | * | 3,583 | 0 | * | ||||||||||||||||||
Jing Zhi Yu
|
3,862 | * | 3,862 | 0 | * | ||||||||||||||||||
Changjun Wang
|
3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Dongyu Wang
|
3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Feng Yan Gai
|
3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Fenglan Liu
|
3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Hong Yun
Jiang |
3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Jian Jun Yang
|
3,950 | * | 3,950 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) |
Shares Being Offered |
Shares Beneficially Owned After the Offering (1) |
|||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner |
Number |
Percentage (2) |
Number |
Percentage (2) | |||||||||||||||||||
Jie Zhao
|
3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Jing Hai Li
|
3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Jingzhi Peng
|
3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Jun Yang
|
3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Lianyu Wang
|
3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Qiang Miao
|
3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Suping Zhu
|
3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Xiang Dong Yu
|
3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Xiu Qiu Wang
|
3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Xun Zhou
|
3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Ya Lin Jiang
|
3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Ya Qin Wang
|
3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Yun Zhen Zuo
|
3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Zhong Hua Fu
|
3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Ying Chen
|
3,982 | * | 3,982 | 0 | * | ||||||||||||||||||
Qiulan Bian
|
4,029 | * | 4,029 | 0 | * | ||||||||||||||||||
Yaqin Zhao
|
4,108 | * | 4,108 | 0 | * | ||||||||||||||||||
Jianbo He
|
4,213 | * | 4,213 | 0 | * | ||||||||||||||||||
Hong Jun Fu
|
4,227 | * | 4,227 | 0 | * | ||||||||||||||||||
Ya Wen Gao
|
4,266 | * | 4,266 | 0 | * | ||||||||||||||||||
Ji Chao Wang
|
4,345 | * | 4,345 | 0 | * | ||||||||||||||||||
Jin Qi Jiang
|
4,345 | * | 4,345 | 0 | * | ||||||||||||||||||
Lihua Sun
|
4,345 | * | 4,345 | 0 | * | ||||||||||||||||||
Shao Chen
Song |
4,345 | * | 4,345 | 0 | * | ||||||||||||||||||
Xu Zhang
|
4,345 | * | 4,345 | 0 | * | ||||||||||||||||||
Xuemei Zheng
|
4,345 | * | 4,345 | 0 | * | ||||||||||||||||||
Chang Hai Li
|
4,388 | * | 4,388 | 0 | * | ||||||||||||||||||
Zhaojie Zhang
|
4,441 | * | 4,441 | 0 | * | ||||||||||||||||||
Ming Cai Ye
|
4,608 | * | 4,608 | 0 | * | ||||||||||||||||||
Deyi Sun
|
4,740 | * | 4,740 | 0 | * | ||||||||||||||||||
Ji Xiang Wang
|
4,740 | * | 4,740 | 0 | * | ||||||||||||||||||
Jialan Huang
|
4,740 | * | 4,740 | 0 | * | ||||||||||||||||||
Shuqing Zhang
|
4,740 | * | 4,740 | 0 | * | ||||||||||||||||||
Wei Xie
|
4,740 | * | 4,740 | 0 | * | ||||||||||||||||||
Yuying Li
|
4,826 | * | 4,826 | 0 | * | ||||||||||||||||||
Guo Hui Wang
|
4,827 | * | 4,827 | 0 | * | ||||||||||||||||||
Jian Chun Qi
|
4,827 | * | 4,827 | 0 | * | ||||||||||||||||||
Shu Ran Zheng
|
4,827 | * | 4,827 | 0 | * | ||||||||||||||||||
Yanli Ma
|
4,827 | * | 4,827 | 0 | * | ||||||||||||||||||
Bing Yan Cui
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Chunzhu Yang
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Daowei Zhou
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
De Xiang Sun
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Fan Lu Bai
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Feng Qin Hao
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Gui Jie Zhang
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Guiying Zhou
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Guo Wei
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Hong Wei
Zhang |
4,828 | * | 4,828 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) |
Shares Being Offered |
Shares Beneficially Owned After the Offering (1) |
|||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner |
Number |
Percentage (2) |
Number |
Percentage (2) | |||||||||||||||||||
Hui Dan Lu
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Jiang Li
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Jie Zhang
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Jin Guo Zhang
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Jin Song Wu
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Jing Yang
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Jingwu Zhang
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Jun Hui Liu
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Lanxiang Li
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Li Ping Yang
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Li Yu
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Lijun Zhao
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Mei Ying Xin
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Mingwen Zhao
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Ping Zhao
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Qing Zhi Liu
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Ru Xiao
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Ruihua Sun
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Shang Wei Hu
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Shou Feng Du
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Shuyuan Lu
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Tiejun Liang
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Ting Xiang Lv
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Wan He Qin
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Wen Chen
Zhang |
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Wen Peng
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Xiang Li Ma
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Xiao Xiang
Lan |
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Xin Liu
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Xing Wei
Jiang |
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Xirong Zhao
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Xiuyan Ben
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Yan Fei Sun
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Yan Hong Gao
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Yang Liu
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Yanlin Zhang
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Yongping Hu
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Yu Ping Xu
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Yu Qin He
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Yu Rong Su
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Yulan Yan
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Yun Bai
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Yuqin Ye
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Zhanlin Zhang
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Zhi An Tao
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Zhi Ling Wang
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Zhimin Li
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Zhiying Zhang
|
4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Zu En Hu
|
4,828 | * | 4,828 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) |
Shares Being Offered |
Shares Beneficially Owned After the Offering (1) |
|||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner |
Number |
Percentage (2) |
Number |
Percentage (2) | |||||||||||||||||||
Hong Li
|
4,898 | * | 4,898 | 0 | * | ||||||||||||||||||
Chang Yu
Zhang |
4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Chunbo Zhao
|
4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Jie Ming
|
4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Jumei Sun
|
4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Laibin Zhao
|
4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Lihong Tian
|
4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Wei Qiang Ji
|
4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Wenli Zhao
|
4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Xikui Qiao
|
4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Xiu Lian Sun
|
4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Yanju Zhao
|
4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Ying Huang
|
4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Yong Wei Han
|
4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Yongxia Zhu
|
4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Zhengze Huang
|
4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Zhi Min Liu
|
4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Zhiling Li
|
4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Dewei Zhao
|
5,000 | * | 5,000 | 0 | * | ||||||||||||||||||
Jianyi Yang
|
5,000 | * | 5,000 | 0 | * | ||||||||||||||||||
Ping Han
|
5,000 | * | 5,000 | 0 | * | ||||||||||||||||||
Shi Yi Li
|
5,000 | * | 5,000 | 0 | * | ||||||||||||||||||
Wei Cao
|
5,000 | * | 5,000 | 0 | * | ||||||||||||||||||
Xiaofeng Li
|
5,000 | * | 5,000 | 0 | * | ||||||||||||||||||
Xue Wang
|
5,000 | * | 5,000 | 0 | * | ||||||||||||||||||
Ling Shan
Kong |
5,119 | * | 5,119 | 0 | * | ||||||||||||||||||
Qiao Lian
Wang |
5,119 | * | 5,119 | 0 | * | ||||||||||||||||||
Dongmei Liu
|
5,214 | * | 5,214 | 0 | * | ||||||||||||||||||
Feng Hong
Liang |
5,214 | * | 5,214 | 0 | * | ||||||||||||||||||
He An Wang
|
5,214 | * | 5,214 | 0 | * | ||||||||||||||||||
Jing Zhao
|
5,214 | * | 5,214 | 0 | * | ||||||||||||||||||
Ku Chen
|
5,214 | * | 5,214 | 0 | * | ||||||||||||||||||
Lan Rong Zou
|
5,214 | * | 5,214 | 0 | * | ||||||||||||||||||
Ping Li
|
5,214 | * | 5,214 | 0 | * | ||||||||||||||||||
Xiao Dong Liu
|
5,214 | * | 5,214 | 0 | * | ||||||||||||||||||
Jun Lv
|
5,530 | * | 5,530 | 0 | * | ||||||||||||||||||
Zhiyuan Sun
|
5,530 | * | 5,530 | 0 | * | ||||||||||||||||||
Hui Li
|
5,609 | * | 5,609 | 0 | * | ||||||||||||||||||
Shuqin Zhang
|
5,609 | * | 5,609 | 0 | * | ||||||||||||||||||
Lianshan Chen
|
5,688 | * | 5,688 | 0 | * | ||||||||||||||||||
Chunying Yang
|
5,793 | * | 5,793 | 0 | * | ||||||||||||||||||
Sheng Jiang
Liu |
5,793 | * | 5,793 | 0 | * | ||||||||||||||||||
Shukun Mao
|
5,793 | * | 5,793 | 0 | * | ||||||||||||||||||
Xueshen Xu
|
5,793 | * | 5,793 | 0 | * | ||||||||||||||||||
Qing Guo Wang
|
6,070 | * | 6,070 | 0 | * | ||||||||||||||||||
Kaimei Tan
|
6,083 | * | 6,083 | 0 | * | ||||||||||||||||||
Yi Fei Lin
|
6,083 | * | 6,083 | 0 | * | ||||||||||||||||||
Feng Jun Xi
|
6,276 | * | 6,276 | 0 | * | ||||||||||||||||||
Rong Guo Li
|
6,320 | * | 6,320 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) |
Shares Being Offered |
Shares Beneficially Owned After the Offering (1) |
|||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner |
Number |
Percentage (2) |
Number |
Percentage (2) | |||||||||||||||||||
Yan Hua Li
|
6,320 | * | 6,320 | 0 | * | ||||||||||||||||||
Yong Zheng
|
6,350 | * | 6,350 | 0 | * | ||||||||||||||||||
Songling Li
|
6,372 | * | 6,372 | 0 | * | ||||||||||||||||||
Yueying Yu
|
6,478 | * | 6,478 | 0 | * | ||||||||||||||||||
Shu Qin Han
|
6,510 | * | 6,510 | 0 | * | ||||||||||||||||||
Xiaoxia Xie
|
6,636 | * | 6,636 | 0 | * | ||||||||||||||||||
Feng Xian
Zhao |
6,758 | * | 6,758 | 0 | * | ||||||||||||||||||
Feng Ying
Tang |
6,758 | * | 6,758 | 0 | * | ||||||||||||||||||
Qing Sheng Li
|
6,758 | * | 6,758 | 0 | * | ||||||||||||||||||
Xiu Rong Liu
|
6,758 | * | 6,758 | 0 | * | ||||||||||||||||||
Anrong Wang
|
6,952 | * | 6,952 | 0 | * | ||||||||||||||||||
Guishan Wang
|
6,952 | * | 6,952 | 0 | * | ||||||||||||||||||
Xiuyun Zhang
|
6,952 | * | 6,952 | 0 | * | ||||||||||||||||||
Lifen Li
|
7,110 | * | 7,110 | 0 | * | ||||||||||||||||||
Bao Yu Xu
|
7,338 | * | 7,338 | 0 | * | ||||||||||||||||||
Bingyou Feng
|
7,466 | * | 7,466 | 0 | * | ||||||||||||||||||
Feng Qing Yu
|
7,466 | * | 7,466 | 0 | * | ||||||||||||||||||
Huimin Tian
|
7,466 | * | 7,466 | 0 | * | ||||||||||||||||||
Jiafang Xu
|
7,466 | * | 7,466 | 0 | * | ||||||||||||||||||
Tong Chen
|
7,466 | * | 7,466 | 0 | * | ||||||||||||||||||
Xueqiu Yu
|
7,466 | * | 7,466 | 0 | * | ||||||||||||||||||
Guangren
Zhang |
7,724 | * | 7,724 | 0 | * | ||||||||||||||||||
Honghua Zhen
|
7,724 | * | 7,724 | 0 | * | ||||||||||||||||||
Li Feng
|
7,724 | * | 7,724 | 0 | * | ||||||||||||||||||
Li Zhao
|
7,724 | * | 7,724 | 0 | * | ||||||||||||||||||
Xi Ling Tong
|
7,724 | * | 7,724 | 0 | * | ||||||||||||||||||
Lai Fa Wang
|
7,821 | * | 7,821 | 0 | * | ||||||||||||||||||
Yan Song Zhao
|
7,899 | * | 7,899 | 0 | * | ||||||||||||||||||
Chongbin Xiu
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Deling Wang
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Fenghua Li
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Fengqin Li
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Guanghua
Liang |
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Guihua Yu
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Guiqin Liu
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Haiquan Yang
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Haitao Yang
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Hong Li
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Huawei Mao
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Li Zhao
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Liping Xu
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Liyuan Sun
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Shouxin Ye
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Shubin Cheng
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Shuqing Wang
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Wan Zhu Liu
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Xiao Dong Liu
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Xuehua Wang
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Ya Bin Yu
|
7,900 | * | 7,900 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) |
Shares Being Offered |
Shares Beneficially Owned After the Offering (1) |
|||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner |
Number |
Percentage (2) |
Number |
Percentage (2) | |||||||||||||||||||
Yanping Dong
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Yanxi Wu
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Ying Fu
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Yongxin Hao
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Yu Qin Shan
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Zhenfeng Wang
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Zhenjia Liu
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Zhizhong Tao
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Zun Li Gao
|
7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Qinghua Wu
|
7,917 | * | 7,917 | 0 | * | ||||||||||||||||||
Yan Jin
|
8,110 | * | 8,110 | 0 | * | ||||||||||||||||||
Jingzhi Sun
|
8,137 | * | 8,137 | 0 | * | ||||||||||||||||||
Fenglan Gao
|
8,295 | * | 8,295 | 0 | * | ||||||||||||||||||
Kunjun Xu
|
8,295 | * | 8,295 | 0 | * | ||||||||||||||||||
Wanyou Li
|
8,295 | * | 8,295 | 0 | * | ||||||||||||||||||
Wenming Guo
|
8,295 | * | 8,295 | 0 | * | ||||||||||||||||||
Xiaojie Wang
|
8,295 | * | 8,295 | 0 | * | ||||||||||||||||||
Tonghua Li
|
8,496 | * | 8,496 | 0 | * | ||||||||||||||||||
Shu Fen Lu
|
8,532 | * | 8,532 | 0 | * | ||||||||||||||||||
Su Zhen Wang
|
8,532 | * | 8,532 | 0 | * | ||||||||||||||||||
Xueqin Wang
|
8,532 | * | 8,532 | 0 | * | ||||||||||||||||||
Guan Wang
|
8,688 | * | 8,688 | 0 | * | ||||||||||||||||||
Bai Gang He
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Bao Xiang Yu
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Baoli Wang
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Chang Jiang
Xia |
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Changhai Guo
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Cheng Lin Sun
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Gui Zhi Sang
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Hongju Liu
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Hongyin Wu
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Hui Tang
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Hui Zhang
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Jing Shen
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Jinwen Fan
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Jinxi Zheng
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Jun Li
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Lan Hu
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Lijun Meng
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Ling Wang
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Luxia Ma
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Mingdong
Zhang |
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Nong Hua Tang
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Qi Sun
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Shou Zhi Wei
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Shu You Gou
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Shuyuan Li
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Songzhi Ding
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Tong Tong
|
8,690 | * | 8,690 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) |
Shares Being Offered |
Shares Beneficially Owned After the Offering (1) |
|||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner |
Number |
Percentage (2) |
Number |
Percentage (2) | |||||||||||||||||||
Wei Ze Sun
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Weiqi Wang
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Wenying Liu
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Xia Jiang
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Xiu Ping Du
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Xiu Yan Li
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Xiufeng Shao
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Xiuhua Li
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Xiuhua Zhu
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Xiuying Liu
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Xuehai Li
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Yan Feng Ji
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Yan Qing Su
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Yanlai Zhang
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Yao Gang Zhou
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Yaru Shang
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Youcheng Yan
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Yu Hua Mei
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Yu Yan Zhao
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Yun Lan Feng
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Zhancai Gao
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Zhao Yuan Liu
|
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Zhaoan
Wan |
8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Hang Xu
|
8,703 | * | 8,703 | 0 | * | ||||||||||||||||||
Dexiang Yin
|
8,883 | * | 8,883 | 0 | * | ||||||||||||||||||
Lijun Sun
|
8,895 | * | 8,895 | 0 | * | ||||||||||||||||||
Shumei Di
|
8,927 | * | 8,927 | 0 | * | ||||||||||||||||||
Qing Zhong
Zhang |
9,069 | * | 9,069 | 0 | * | ||||||||||||||||||
Yong Lai Liu
|
9,211 | * | 9,211 | 0 | * | ||||||||||||||||||
Yongtian Liu
|
9,211 | * | 9,211 | 0 | * | ||||||||||||||||||
Qiu Ling Dong
|
9,322 | * | 9,322 | 0 | * | ||||||||||||||||||
Hong Li
|
9,654 | * | 9,654 | 0 | * | ||||||||||||||||||
Chang Li Dong
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Changchun Li
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Chun Yan Bai
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Cui Ping Wang
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Dong Ming Ge
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Fei Yu
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Feng Juan Liu
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Feng Lan Sun
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Feng Yun
Zhang |
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Fuzhen Liu
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Guangbo Jiang
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Guo Yu Li
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Hai Quan Cao
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Hong Yan Gong
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Lei Yu
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Lei Zhang
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Ming Xun Han
|
9,655 | * | 9,655 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) |
Shares Being Offered |
Shares Beneficially Owned After the Offering (1) |
|||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner |
Number |
Percentage (2) |
Number |
Percentage (2) | |||||||||||||||||||
Rong Hua Yan
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Shuang Yan
Liu |
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Shumei Shan
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Wei Dong
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Wei Xue Shan
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Xiu Qin Zhang
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Xiu Ying Yu
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Yan Ju Liu
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Yan Jun Gao
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Ye Tian
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Yun Xia Jiang
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Yuqin Shang
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Zhen Hua Yuan
|
9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Lijuan Qi
|
9,656 | * | 9,656 | 0 | * | ||||||||||||||||||
Yuhua Liu
|
9,717 | * | 9,717 | 0 | * | ||||||||||||||||||
Ting Shan Yan
|
9,948 | * | 9,948 | 0 | * | ||||||||||||||||||
Gui Yan Yin
|
9,954 | * | 9,954 | 0 | * | ||||||||||||||||||
Hong Zeng Sun
|
9,954 | * | 9,954 | 0 | * | ||||||||||||||||||
Airong Wang
|
10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Bainian Li
|
10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Baoguo Cui
|
10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Fei Su
|
10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Guangzhong Li
|
10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Jianguo Tan
|
10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Jixu Wen
|
10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Lianfa Sun
|
10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Senjian Gao
|
10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Shibo Zhang
|
10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Shufang Men
|
10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Tiejun Zou
|
10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Weili Wang
|
10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Xiaojun Shen
|
10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Xiaozhong Liu
|
10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Xiuying Ma
|
10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Youpeng Wang
|
10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Yulan Zhang
|
10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Zhiming Zhang
|
10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Zhiwei Liu
|
10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Yanjun Liu
|
10,042 | * | 10,042 | 0 | * | ||||||||||||||||||
Yaxiang Wang
|
10,153 | * | 10,153 | 0 | * | ||||||||||||||||||
Yan Cai Zhang
|
10,390 | * | 10,390 | 0 | * | ||||||||||||||||||
Hui Wang
|
10,428 | * | 10,428 | 0 | * | ||||||||||||||||||
Ben Ming Zang
|
10,524 | * | 10,524 | 0 | * | ||||||||||||||||||
Limin Zhang
|
10,949 | * | 10,949 | 0 | * | ||||||||||||||||||
Chang Hui Ma
|
10,972 | * | 10,972 | 0 | * | ||||||||||||||||||
Jinhui Chen
|
11,115 | * | 11,115 | 0 | * | ||||||||||||||||||
Shu Jun Cui
|
11,142 | * | 11,142 | 0 | * | ||||||||||||||||||
Hongtao Zhang
|
11,447 | * | 11,447 | 0 | * | ||||||||||||||||||
Qing Chun
Wang |
11,566 | * | 11,566 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) |
Shares Being Offered |
Shares Beneficially Owned After the Offering (1) |
|||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner |
Number |
Percentage (2) |
Number |
Percentage (2) | |||||||||||||||||||
Ping Lin
|
11,586 | * | 11,586 | 0 | * | ||||||||||||||||||
Shu Fen Wan
|
11,586 | * | 11,586 | 0 | * | ||||||||||||||||||
Wei Liu
|
11,586 | * | 11,586 | 0 | * | ||||||||||||||||||
Ze Chu
|
11,586 | * | 11,586 | 0 | * | ||||||||||||||||||
Bin Qin
|
11,850 | * | 11,850 | 0 | * | ||||||||||||||||||
Junying Zhu
|
11,850 | * | 11,850 | 0 | * | ||||||||||||||||||
Liping Zhang
|
11,850 | * | 11,850 | 0 | * | ||||||||||||||||||
Minghai Zhang
|
11,850 | * | 11,850 | 0 | * | ||||||||||||||||||
Xue Feng Bai
|
11,850 | * | 11,850 | 0 | * | ||||||||||||||||||
Liping Xu
|
12,166 | * | 12,166 | 0 | * | ||||||||||||||||||
Shu Yu Li
|
12,166 | * | 12,166 | 0 | * | ||||||||||||||||||
Yu Xiang Li
|
12,166 | * | 12,166 | 0 | * | ||||||||||||||||||
Yaqin Fan
|
12,288 | * | 12,288 | 0 | * | ||||||||||||||||||
Yuanchang Liu
|
12,340 | * | 12,340 | 0 | * | ||||||||||||||||||
Jinping Xia
|
12,443 | * | 12,443 | 0 | * | ||||||||||||||||||
Lei Wang
|
12,443 | * | 12,443 | 0 | * | ||||||||||||||||||
Qing Zhi Hu
|
12,443 | * | 12,443 | 0 | * | ||||||||||||||||||
Xiling Yu
|
12,443 | * | 12,443 | 0 | * | ||||||||||||||||||
Zhi Ping Li
|
12,443 | * | 12,443 | 0 | * | ||||||||||||||||||
Kebin Ma
|
12,552 | * | 12,552 | 0 | * | ||||||||||||||||||
Bao Shan Li
|
13,035 | * | 13,035 | 0 | * | ||||||||||||||||||
Haijie Zhou
|
13,035 | * | 13,035 | 0 | * | ||||||||||||||||||
Lian Min Tan
|
13,035 | * | 13,035 | 0 | * | ||||||||||||||||||
Minghui Jiang
|
13,051 | * | 13,051 | 0 | * | ||||||||||||||||||
Xiu Qin Wan
|
13,114 | * | 13,114 | 0 | * | ||||||||||||||||||
Huijian Xue
|
13,193 | * | 13,193 | 0 | * | ||||||||||||||||||
Yuqin Chen
|
13,272 | * | 13,272 | 0 | * | ||||||||||||||||||
Yan Qiu Yu
|
13,383 | * | 13,383 | 0 | * | ||||||||||||||||||
Jian Sheng
Yan |
13,518 | * | 13,518 | 0 | * | ||||||||||||||||||
Ying Xue
|
13,518 | * | 13,518 | 0 | * | ||||||||||||||||||
Chun Yu Zhou
|
13,667 | * | 13,667 | 0 | * | ||||||||||||||||||
Rui Shan
Zhang |
13,890 | * | 13,890 | 0 | * | ||||||||||||||||||
Hua Chen Wang
|
13,904 | * | 13,904 | 0 | * | ||||||||||||||||||
Qiu Yan Zhu
|
14,482 | * | 14,482 | 0 | * | ||||||||||||||||||
Duowen Wang
|
14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Gui Fen Qiu
|
14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Guoshun Jiang
|
14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Hong Da Xu
|
14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Hongzhu Qi
|
14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Li Luan
|
14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Tong Bin Xie
|
14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Xiao Li Xu
|
14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Xiaofei Hou
|
14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Xue Zhi Liang
|
14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Yu Fen Zhang
|
14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Yu Ren Bai
|
14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Zhaoguang Xu
|
14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Youren Zhu
|
14,869 | * | 14,869 | 0 | * | ||||||||||||||||||
Changyou Li
|
15,000 | * | 15,000 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) |
Shares Being Offered |
Shares Beneficially Owned After the Offering (1) |
|||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner |
Number |
Percentage (2) |
Number |
Percentage (2) | |||||||||||||||||||
Zhijie Lei
|
15,000 | * | 15,000 | 0 | * | ||||||||||||||||||
You Min Lv
|
15,096 | * | 15,096 | 0 | * | ||||||||||||||||||
Xiang Xun Han
|
15,448 | * | 15,448 | 0 | * | ||||||||||||||||||
Bin Wang
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Bolun Li
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Changdi Niu
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Changmin Zhao
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Fengping Dong
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Fulun Huang
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Haisong Wang
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Huaiyu Xu
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Hui Gao
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Huijun Zhang
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Jinguo Wang
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Kemin Cao
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Meng Yang
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Qingyi Meng
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Qiong Wu
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Ruihong Fan
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Shihua You
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Shuling Li
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Shuwen Liu
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Wei Liu
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Xiufang Yang
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Yan Jiang
Zhang |
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Yanjie Jiang
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Yanyan Li
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Yao Cheng
Chen |
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Ying Wang
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Yongchang
Chen |
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Yunyi Liu
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Zhenxin Gu
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Zhimin Wang
|
15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Guoxiang Bai
|
16,195 | * | 16,195 | 0 | * | ||||||||||||||||||
Yansong Wang
|
16,413 | * | 16,413 | 0 | * | ||||||||||||||||||
Xiuli Wang
|
16,414 | * | 16,414 | 0 | * | ||||||||||||||||||
Cai Ying
Zhang |
16,432 | * | 16,432 | 0 | * | ||||||||||||||||||
Yao Wen Sun
|
16,511 | * | 16,511 | 0 | * | ||||||||||||||||||
Bing Liu
|
16,590 | * | 16,590 | 0 | * | ||||||||||||||||||
Cuiyun Liu
|
16,590 | * | 16,590 | 0 | * | ||||||||||||||||||
Shu Qin Meng
|
16,590 | * | 16,590 | 0 | * | ||||||||||||||||||
Liping Liu
|
16,666 | * | 16,666 | 0 | * | ||||||||||||||||||
Guihua Xu
|
16,985 | * | 16,985 | 0 | * | ||||||||||||||||||
Ou Xu
|
16,994 | * | 16,994 | 0 | * | ||||||||||||||||||
Longfang Xia
|
17,121 | * | 17,121 | 0 | * | ||||||||||||||||||
Yingyu Cui
|
17,379 | * | 17,379 | 0 | * | ||||||||||||||||||
Chong Ming Li
|
17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Cuiyin Wei
|
17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Guang Fen
Yang |
17,380 | * | 17,380 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) |
Shares Being Offered |
Shares Beneficially Owned After the Offering (1) |
|||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner |
Number |
Percentage (2) |
Number |
Percentage (2) | |||||||||||||||||||
Guijie Liu
|
17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Hai Tao Jiang
|
17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Hua Chen
|
17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Ji Gui Chu
|
17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Ke Min Wang
|
17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Li Yan Sun
|
17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Lianke Han
|
17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Qingtao Zhang
|
17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Qingyuan
Zhang |
17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Rong Chang
Tang |
17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Shi Long Bai
|
17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Tai Zhao Li
|
17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Xiangmin Shi
|
17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Xin Pu
|
17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Xin Wang
|
17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Yankui Song
|
17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Yanwu Wang
|
17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Yulin Liu
|
17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Yun Lou Li
|
17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Zhenhe Jian
|
17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Qinggang Wu
|
18,345 | * | 18,345 | 0 | * | ||||||||||||||||||
Yan Xia Wang
|
18,345 | * | 18,345 | 0 | * | ||||||||||||||||||
Jian Hua Peng
|
18,574 | * | 18,574 | 0 | * | ||||||||||||||||||
Hong Yun Liu
|
19,311 | * | 19,311 | 0 | * | ||||||||||||||||||
Lida Wu
|
19,311 | * | 19,311 | 0 | * | ||||||||||||||||||
Qiuyan Chen
|
19,311 | * | 19,311 | 0 | * | ||||||||||||||||||
Yu Xi Zhang
|
19,311 | * | 19,311 | 0 | * | ||||||||||||||||||
Min Li Wang
|
19,500 | * | 19,500 | 0 | * | ||||||||||||||||||
Changfei Yu
|
19,750 | * | 19,750 | 0 | * | ||||||||||||||||||
Feng Shu Dong
|
19,863 | * | 19,863 | 0 | * | ||||||||||||||||||
Zhenlai Li
|
19,908 | * | 19,908 | 0 | * | ||||||||||||||||||
Chaoyang Liu
|
20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Chengming Cui
|
20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Chunyan Sun
|
20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Daming Feng
|
20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Dan Wang
|
20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Dewen Liu
|
20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Fuying Wang
|
20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Guizhu Wang
|
20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Jinnian
Liu |
20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Jiyu Wang
|
20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Lijun Sun
|
20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Lixin Liu
|
20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Ming Yan
|
20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Ping Wang
|
20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Ruidong Guan
|
20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Tinghui Wang
|
20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Xingang
Sun |
20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Xuan Li
|
20,000 | * | 20,000 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) |
Shares Being Offered |
Shares Beneficially Owned After the Offering (1) |
|||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner |
Number |
Percentage (2) |
Number |
Percentage (2) | |||||||||||||||||||
Xuexian Wang
|
20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Yanru Dong
|
20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Zhongwei Luo
|
20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Yan Long Ren
|
20,856 | * | 6,952 | 13,904 | * | ||||||||||||||||||
Qing Li
|
21,014 | * | 7,005 | 14,009 | * | ||||||||||||||||||
Fu Lin Bian
|
21,242 | * | 7,081 | 14,161 | * | ||||||||||||||||||
Yuanhui Dong
|
21,242 | * | 7,081 | 14,161 | * | ||||||||||||||||||
Guifang Zhang
|
21,396 | * | 7,132 | 14,264 | * | ||||||||||||||||||
Shuhua Zhao
|
21,567 | * | 7,189 | 14,378 | * | ||||||||||||||||||
Guo Chao Duan
|
22,120 | * | 7,373 | 14,747 | * | ||||||||||||||||||
Gui Fang Tan
|
22,208 | * | 7,403 | 14,805 | * | ||||||||||||||||||
Jindao Zhang
|
22,208 | * | 7,403 | 14,805 | * | ||||||||||||||||||
Jing Li
|
23,068 | * | 7,689 | 15,379 | * | ||||||||||||||||||
Xingcun Zhao
|
23,068 | * | 7,689 | 15,379 | * | ||||||||||||||||||
Yanping Cao
|
23,147 | * | 7,716 | 15,431 | * | ||||||||||||||||||
Zhi Ping Hao
|
23,173 | * | 7,724 | 15,449 | * | ||||||||||||||||||
Hui Cao
|
23,226 | * | 7,742 | 15,484 | * | ||||||||||||||||||
Chuanhong Fan
|
23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Chunyan Liu
|
23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Da Mao Yang
|
23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Fumin Jiang
|
23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Jialin Yu
|
23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Jin Zhong
Wang |
23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Jinghua Guo
|
23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Juan Wang
|
23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Li Hua Wang
|
23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Li Qui Zhang
|
23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Li Xin Fan
|
23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Long Zhou
|
23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Minjun Ren
|
23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Shu Min Cao
|
23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Wan Hua Li
|
23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Xiao Chun
Jing |
23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Xinghua Song
|
23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Yanhui Liu
|
23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Yanyan Zhang
|
23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Zhong Li
|
23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Zhuo Zhang
|
23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Dechun Zhang
|
24,138 | * | 8,046 | 16,092 | * | ||||||||||||||||||
Lihua Yang
|
24,138 | * | 8,046 | 16,092 | * | ||||||||||||||||||
Shengmao Liu
|
24,138 | * | 8,046 | 16,092 | * | ||||||||||||||||||
Yu Mei Bai
|
24,138 | * | 8,046 | 16,092 | * | ||||||||||||||||||
Guo Wen Li
|
24,525 | * | 8,175 | 16,350 | * | ||||||||||||||||||
Jing Hua Guan
|
24,885 | * | 8,295 | 16,590 | * | ||||||||||||||||||
Li Hua Yu
|
24,885 | * | 8,295 | 16,590 | * | ||||||||||||||||||
Shu Yan
|
24,885 | * | 8,295 | 16,590 | * | ||||||||||||||||||
Hui Leng
|
25,000 | * | 8,333 | 16,667 | * | ||||||||||||||||||
Weihong Zhang
|
25,000 | * | 8,333 | 16,667 | * | ||||||||||||||||||
Zhen Jiang
Lian |
25,122 | * | 8,374 | 16,748 | * |
Shares Beneficially Owned Prior to the Offering (1) |
Shares Being Offered |
Shares Beneficially Owned After the Offering (1) |
|||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner |
Number |
Percentage (2) |
Number |
Percentage (2) | |||||||||||||||||||
Congwei Chen
|
25,280 | * | 8,427 | 16,853 | * | ||||||||||||||||||
Ying Liu
|
25,455 | * | 8,485 | 16,970 | * | ||||||||||||||||||
Xi Bin Liu
|
25,722 | * | 8,574 | 17,148 | * | ||||||||||||||||||
Fengxia Liu
|
26,070 | * | 8,690 | 17,380 | * | ||||||||||||||||||
Guo Xu
|
26,070 | * | 8,690 | 17,380 | * | ||||||||||||||||||
Shi Gang Lin
|
26,070 | * | 8,690 | 17,380 | * | ||||||||||||||||||
Wei Tian
|
26,070 | * | 8,690 | 17,380 | * | ||||||||||||||||||
Xiangjiu Li
|
26,070 | * | 8,690 | 17,380 | * | ||||||||||||||||||
Xiaoli Wen
|
26,070 | * | 8,690 | 17,380 | * | ||||||||||||||||||
Xiumin Zhang
|
26,070 | * | 8,690 | 17,380 | * | ||||||||||||||||||
Bailing Yin
|
27,966 | * | 9,322 | 18,644 | * | ||||||||||||||||||
Hui Lan Chi
|
28,001 | * | 9,334 | 18,667 | * | ||||||||||||||||||
Hong Peng
|
28,966 | * | 9,655 | 19,311 | * | ||||||||||||||||||
Meichun Wang
|
28,966 | * | 9,655 | 19,311 | * | ||||||||||||||||||
Tai Yang Wang
|
28,966 | * | 9,655 | 19,311 | * | ||||||||||||||||||
Yanhua Chen
|
28,966 | * | 9,655 | 19,311 | * | ||||||||||||||||||
Yin Qi Cui
|
29,033 | * | 9,678 | 19,355 | * | ||||||||||||||||||
Bin Hu
|
30,000 | * | 10,000 | 20,000 | * | ||||||||||||||||||
Chuanbao Gu
|
30,000 | * | 10,000 | 20,000 | * | ||||||||||||||||||
Deming Li
|
30,000 | * | 10,000 | 20,000 | * | ||||||||||||||||||
Guoliang Wu
|
30,000 | * | 10,000 | 20,000 | * | ||||||||||||||||||
Lili Wen
|
30,000 | * | 10,000 | 20,000 | * | ||||||||||||||||||
Wenjia Yuan
|
30,000 | * | 10,000 | 20,000 | * | ||||||||||||||||||
Yi Zhang
|
30,000 | * | 10,000 | 20,000 | * | ||||||||||||||||||
Yonggang Sun
|
30,000 | * | 10,000 | 20,000 | * | ||||||||||||||||||
Yonglin Gao
|
30,000 | * | 10,000 | 20,000 | * | ||||||||||||||||||
Yuan Guang
|
30,000 | * | 10,000 | 20,000 | * | ||||||||||||||||||
Shanling Wang
|
30,415 | * | 10,138 | 20,277 | * | ||||||||||||||||||
Hua Guo
|
30,856 | * | 10,285 | 20,571 | * | ||||||||||||||||||
Qingzhen Yuan
|
31,521 | * | 10,507 | 21,014 | * | ||||||||||||||||||
Chunping
Zhang |
31,600 | * | 10,533 | 21,067 | * | ||||||||||||||||||
Dong Yan Guan
|
31,600 | * | 10,533 | 21,067 | * | ||||||||||||||||||
Gong Shen
|
31,600 | * | 10,533 | 21,067 | * | ||||||||||||||||||
Guang Xia
Wang |
31,600 | * | 10,533 | 21,067 | * | ||||||||||||||||||
Jing Liu
|
31,600 | * | 10,533 | 21,067 | * | ||||||||||||||||||
Qingshu Zhao
|
31,600 | * | 10,533 | 21,067 | * | ||||||||||||||||||
Wei Guo
|
31,600 | * | 10,533 | 21,067 | * | ||||||||||||||||||
Xingwei Xu
|
31,600 | * | 10,533 | 21,067 | * | ||||||||||||||||||
Rui Zhi Dong
|
32,225 | * | 10,742 | 21,483 | * | ||||||||||||||||||
Yanping Xu
|
33,180 | * | 11,060 | 22,120 | * | ||||||||||||||||||
Zhi Fan Jiao
|
33,197 | * | 11,066 | 22,131 | * | ||||||||||||||||||
Jie Yu
|
33,601 | * | 11,200 | 22,401 | * | ||||||||||||||||||
Chunfang Wang
|
33,749 | * | 11,250 | 22,499 | * | ||||||||||||||||||
Zhao Ping
Meng |
34,491 | * | 11,497 | 22,994 | * | ||||||||||||||||||
Guilian Zhang
|
34,523 | * | 11,508 | 23,015 | * | ||||||||||||||||||
Fengling Shan
|
34,760 | * | 11,587 | 23,173 | * | ||||||||||||||||||
Fujin Zhang
|
34,760 | * | 11,587 | 23,173 | * | ||||||||||||||||||
Hengdong
Zhang |
34,760 | * | 11,587 | 23,173 | * | ||||||||||||||||||
Min Wang
|
34,760 | * | 11,587 | 23,173 | * |
Shares Beneficially Owned Prior to the Offering (1) |
Shares Being Offered |
Shares Beneficially Owned After the Offering (1) |
|||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner |
Number |
Percentage (2) |
Number |
Percentage (2) | |||||||||||||||||||
Tie Li
|
35,343 | * | 11,781 | 23,562 | * | ||||||||||||||||||
Yanrong Wei
|
35,550 | * | 11,850 | 23,700 | * | ||||||||||||||||||
Gui Zhu
|
35,725 | * | 11,908 | 23,817 | * | ||||||||||||||||||
Xiu Chen
|
36,498 | * | 12,166 | 24,332 | * | ||||||||||||||||||
Yu Bin Yan
|
36,508 | * | 12,169 | 24,339 | * | ||||||||||||||||||
Zhi Gang Li
|
36,581 | * | 12,194 | 24,387 | * | ||||||||||||||||||
Yongqiang Yan
|
37,328 | * | 12,443 | 24,885 | * | ||||||||||||||||||
Fei Liu
|
38,236 | * | 12,745 | 25,491 | * | ||||||||||||||||||
Mu Zhang
|
38,622 | * | 12,874 | 25,748 | * | ||||||||||||||||||
Bao Xin Shen
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Bo Yu
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Chongqin Dong
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Dian Bao Lu
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Hong Ting Ji
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Hongbo Pan
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Jicai Lang
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Jilian Yuan
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Jing Zhi Zhu
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Jun Wang
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Laogangyu
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Lili Liu
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Lu Bo Zhang
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Mingqian Liu
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Nanbin Liu
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Qingguo Li
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Rui Hou
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Ruizhe Zhang
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Shu Lan Gao
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Shu Xia Ding
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Shu Xian Pan
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Shukui Wang
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Wen Sheng Luo
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Xian Zhi Sun
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Xin Yu Zhao
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Yi Fan Zhang
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Yingjun Jiang
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Yong Jia Lv
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Zhao Hui Han
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Zhigang Wang
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Zhuang Nan Li
|
39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Liang Wen
Song |
39,588 | * | 13,196 | 26,392 | * | ||||||||||||||||||
Zi Feng Zhou
|
39,588 | * | 13,196 | 26,392 | * | ||||||||||||||||||
Song Lin Yi
|
39,974 | * | 13,325 | 26,649 | * | ||||||||||||||||||
Xin Ge
|
40,000 | * | 13,333 | 26,667 | * | ||||||||||||||||||
Xiuzhen Hu
|
40,000 | * | 13,333 | 26,667 | * | ||||||||||||||||||
Cheng Jun
Zhang |
40,843 | * | 13,614 | 27,229 | * | ||||||||||||||||||
Miao Yu
|
41,475 | * | 13,825 | 27,650 | * | ||||||||||||||||||
Xingchen Liu
|
43,449 | * | 14,483 | 28,966 | * | ||||||||||||||||||
Chun Bo Sun
|
43,450 | * | 14,483 | 28,967 | * |
Shares Beneficially Owned Prior to the Offering (1) |
Shares Being Offered |
Shares Beneficially Owned After the Offering (1) |
|||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner |
Number |
Percentage (2) |
Number |
Percentage (2) | |||||||||||||||||||
Feng Wen Li
|
43,450 | * | 14,483 | 28,967 | * | ||||||||||||||||||
Shu Hua Wang
|
43,450 | * | 14,483 | 28,967 | * | ||||||||||||||||||
Tian Lei Wang
|
43,450 | * | 14,483 | 28,967 | * | ||||||||||||||||||
Wen Zhi Zhang
|
43,450 | * | 14,483 | 28,967 | * | ||||||||||||||||||
Xiao Hui Deng
|
43,450 | * | 14,483 | 28,967 | * | ||||||||||||||||||
Yanping Cui
|
43,450 | * | 14,483 | 28,967 | * | ||||||||||||||||||
Zhong Hai
Zhang |
43,450 | * | 14,483 | 28,967 | * | ||||||||||||||||||
Jia An Lv
|
44,103 | * | 14,701 | 29,402 | * | ||||||||||||||||||
Jing Zhang
|
44,148 | * | 14,716 | 29,432 | * | ||||||||||||||||||
Wenzhong Guo
|
45,000 | * | 15,000 | 30,000 | * | ||||||||||||||||||
Hongyan Liu
|
45,188 | * | 15,063 | 30,125 | * | ||||||||||||||||||
Xiao Ying Ma
|
47,400 | * | 15,800 | 31,600 | * | ||||||||||||||||||
Hongying Wang
|
47,795 | * | 15,932 | 31,863 | * | ||||||||||||||||||
Chun Feng Li
|
48,278 | * | 16,093 | 32,185 | * | ||||||||||||||||||
Yong Li Wang
|
48,278 | * | 16,093 | 32,185 | * | ||||||||||||||||||
Zhi Hai Jiang
|
48,644 | * | 16,215 | 32,429 | * | ||||||||||||||||||
Shu Zhen
Zhang |
49,217 | * | 16,406 | 32,811 | * | ||||||||||||||||||
Chengqing
Yang |
50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Donghui Zhao
|
50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Guijin Hou
|
50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Jianjun Zhao
|
50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Liyanyan
|
50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Min Zhou
|
50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Qiuli Liu
|
50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Rong Han
|
50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Tongchun Bi
|
50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Xiulan Cao
|
50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Yanling Li
|
50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Yanming Li
|
50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Yongping Wang
|
50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Yujie Dong
|
50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Jun Ying Bai
|
52,028 | * | 17,343 | 34,685 | * | ||||||||||||||||||
Li Wang
|
52,140 | * | 17,380 | 34,760 | * | ||||||||||||||||||
Li Juan Feng
|
52,266 | * | 17,422 | 34,844 | * | ||||||||||||||||||
Shi Yun Zheng
|
53,960 | * | 17,987 | 35,973 | * | ||||||||||||||||||
Jiu Hua Zhang
|
54,313 | * | 18,104 | 36,209 | * | ||||||||||||||||||
Yonghua Zhang
|
54,747 | * | 18,249 | 36,498 | * | ||||||||||||||||||
Feng Gang Qiu
|
55,300 | * | 18,433 | 36,867 | * | ||||||||||||||||||
Hongchang Liu
|
56,485 | * | 18,828 | 37,657 | * | ||||||||||||||||||
Yuangui Zhao
|
57,933 | * | 19,311 | 38,622 | * | ||||||||||||||||||
Fulin Wang
|
60,830 | * | 20,277 | 40,553 | * | ||||||||||||||||||
Zhenwen Zhou
|
61,535 | * | 20,512 | 41,023 | * | ||||||||||||||||||
Changhai Ning
|
62,213 | * | 20,738 | 41,475 | * | ||||||||||||||||||
Gui Fen Geng
|
62,252 | * | 20,751 | 41,501 | * | ||||||||||||||||||
Qi Li
|
62,568 | * | 20,856 | 41,712 | * | ||||||||||||||||||
Xinxue Zhong
|
63,200 | * | 21,067 | 42,133 | * | ||||||||||||||||||
Su Ping Wang
|
65,385 | * | 21,795 | 43,590 | * | ||||||||||||||||||
Jie Dong
|
68,730 | * | 22,910 | 45,820 | * | ||||||||||||||||||
Xingli Han
|
75,300 | * | 25,100 | 50,200 | * |
Shares Beneficially Owned Prior to the Offering (1) |
Shares Being Offered |
Shares Beneficially Owned After the Offering (1) |
|||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner |
Number |
Percentage (2) |
Number |
Percentage (2) | |||||||||||||||||||
En Jiang He
|
77,824 | * | 25,941 | 51,883 | * | ||||||||||||||||||
Chun Liu Du
|
78,210 | * | 26,070 | 52,140 | * | ||||||||||||||||||
Kuo Lei
|
78,210 | * | 26,070 | 52,140 | * | ||||||||||||||||||
Daihong Gao
|
79,000 | * | 26,333 | 52,667 | * | ||||||||||||||||||
Hong Zao Zou
|
79,000 | * | 26,333 | 52,667 | * | ||||||||||||||||||
Hongmin Li
|
79,000 | * | 26,333 | 52,667 | * | ||||||||||||||||||
Jie Teng
|
79,000 | * | 26,333 | 52,667 | * | ||||||||||||||||||
Lijie Zhai
|
79,000 | * | 26,333 | 52,667 | * | ||||||||||||||||||
Xiaochun Yin
|
79,000 | * | 26,333 | 52,667 | * | ||||||||||||||||||
Zhi Ying Han
|
79,000 | * | 26,333 | 52,667 | * | ||||||||||||||||||
Zhimin Du
|
79,000 | * | 26,333 | 52,667 | * | ||||||||||||||||||
Liru Ma
|
82,950 | * | 27,650 | 55,300 | * | ||||||||||||||||||
Wenting Chen
|
83,333 | * | 27,778 | 55,555 | * | ||||||||||||||||||
Wenwei Qu
|
83,333 | * | 27,778 | 55,555 | * | ||||||||||||||||||
Li Mei Zhang
|
84,511 | * | 28,170 | 56,341 | * | ||||||||||||||||||
Huan Yang
|
85,162 | * | 28,387 | 56,775 | * | ||||||||||||||||||
Ping Hu
|
86,900 | * | 28,967 | 57,933 | * | ||||||||||||||||||
Shufan Yu
|
86,900 | * | 28,967 | 57,933 | * | ||||||||||||||||||
Gui Rong Song
|
88,397 | * | 29,466 | 58,931 | * | ||||||||||||||||||
Weifu Hao
|
90,000 | * | 30,000 | 60,000 | * | ||||||||||||||||||
Ming Zhu Bi
|
93,308 | * | 31,103 | 62,205 | * | ||||||||||||||||||
Shumin Ning
|
94,563 | * | 31,521 | 63,042 | * | ||||||||||||||||||
Liwei Xue
|
94,800 | * | 31,600 | 63,200 | * | ||||||||||||||||||
Cong Lin Yang
|
98,402 | * | 32,801 | 65,601 | * | ||||||||||||||||||
Guidong Tan
|
100,000 | * | 33,333 | 66,667 | * | ||||||||||||||||||
Jie Fu
|
100,000 | * | 33,333 | 66,667 | * | ||||||||||||||||||
Lance Jon
Kimmel |
100,000 | * | 33,333 | 66,667 | * | ||||||||||||||||||
Shuang Han
|
100,000 | * | 33,333 | 66,667 | * | ||||||||||||||||||
Ting Su
|
100,000 | * | 33,333 | 66,667 | * | ||||||||||||||||||
Xiaoqun Zhang
|
100,000 | * | 33,333 | 66,667 | * | ||||||||||||||||||
Yongzhong Liu
|
100,000 | * | 33,333 | 66,667 | * | ||||||||||||||||||
Zhong Xiao
Yang |
100,000 | * | 33,333 | 66,667 | * | ||||||||||||||||||
Wan Shan Sun
|
101,088 | * | 33,696 | 67,392 | * | ||||||||||||||||||
Liang Wang
|
102,700 | * | 34,233 | 68,467 | * | ||||||||||||||||||
Ziying Tong
|
102,700 | * | 34,233 | 68,467 | * | ||||||||||||||||||
Li Bin Zhai
|
105,320 | * | 35,107 | 70,213 | * | ||||||||||||||||||
Ju Wang
|
114,322 | * | 38,107 | 76,215 | * | ||||||||||||||||||
Han Ying Gao
|
114,893 | * | 38,298 | 76,595 | * | ||||||||||||||||||
Yan Xin Dong
|
115,255 | * | 38,418 | 76,837 | * | ||||||||||||||||||
Li Chen Liu
|
125,522 | * | 41,841 | 83,681 | * | ||||||||||||||||||
Deng Quan Li
|
130,350 | * | 43,450 | 86,900 | * | ||||||||||||||||||
Xianli Qu
|
135,248 | * | 45,083 | 90,165 | * | ||||||||||||||||||
Lan Wang
|
141,015 | * | 47,005 | 94,010 | * | ||||||||||||||||||
Yan Jiang
Zhang |
146,150 | * | 48,717 | 97,433 | * | ||||||||||||||||||
Yuanxin Liu
|
150,000 | * | 50,000 | 100,000 | * | ||||||||||||||||||
Yu Fan Lu
|
171,430 | * | 57,143 | 114,287 | * | ||||||||||||||||||
Jiyou Jiang
|
183,333 | * | 61,111 | 122,222 | * | ||||||||||||||||||
Xi Lin Li
|
183,455 | * | 61,152 | 122,303 | * | ||||||||||||||||||
Yonghai Yan
|
190,000 | * | 63,333 | 126,667 | * |
Shares Beneficially Owned Prior to the Offering (1) |
Shares Being Offered |
Shares Beneficially Owned After the Offering (1) |
|||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner |
Number |
Percentage (2) |
Number |
Percentage (2) | |||||||||||||||||||
Jingfen Guo
|
197,500 | * | 65,833 | 131,667 | * | ||||||||||||||||||
Wei Jun Shan
|
198,421 | * | 66,140 | 132,281 | * | ||||||||||||||||||
Xing Ming Han
|
213,300 | * | 71,100 | 142,200 | * | ||||||||||||||||||
Shu Min Liu
|
219,336 | * | 73,112 | 146,224 | * | ||||||||||||||||||
Guangwu Yue
|
222,543 | * | 74,181 | 148,362 | * | ||||||||||||||||||
Zhixiang Cao
|
237,000 | * | 79,000 | 158,000 | * | ||||||||||||||||||
Long Jin
|
252,800 | * | 84,267 | 168,533 | * | ||||||||||||||||||
Lianxue Han
|
270,385 | * | 90,128 | 180,257 | * | ||||||||||||||||||
Yu Lan Liu
|
328,930 | * | 109,643 | 219,287 | * | ||||||||||||||||||
Wei Shan
|
339,700 | * | 113,233 | 226,467 | * | ||||||||||||||||||
Gui Ling Yuan
|
395,000 | * | 131,667 | 263,333 | * | ||||||||||||||||||
Gui Ying Tong
|
470,000 | * | 156,667 | 313,333 | * | ||||||||||||||||||
Bai Ying
Zhang |
482,776 | * | 160,925 | 321,851 | * | ||||||||||||||||||
Wing Nin Lo
|
500,000 | 1.0 | % | 166,667 | 333,333 | * | |||||||||||||||||
Hanjia Zhao
|
608,300 | 1.2 | % | 202,767 | 405,533 | * | |||||||||||||||||
Bo Li
|
1,000,000 | 2.0 | % | 333,333 | 666,667 | 1.3 | % | ||||||||||||||||
Renchun Wang
|
1,000,000 | 2.0 | % | 333,333 | 666,667 | 1.3 | % | ||||||||||||||||
Yuan Li
|
1,000,000 | 2.0 | % | 333,333 | 666,667 | 1.3 | % | ||||||||||||||||
Yi Cheng Wang
|
1,966,137 | 3.9 | % | 655,379 | 1,310,758 | 2.6 | % | ||||||||||||||||
Guifang Qi
|
2,488,737 | 5.0 | % | 829,579 | 1,659,158 | 3.3 | % | ||||||||||||||||
Zhi Guo Wang
|
20,103,475 | 40.2 | % | 2,967,861 | 17,135,614 | 34.3 | % | ||||||||||||||||
TOTAL
|
50,000,000 | 100.0 | % | 16,500,000 | 33,500,000 | 100.0 | % |
* |
Less than 1%. |
(1) |
Under applicable SEC rules, a person is deemed to beneficially own securities which the person has the right to acquire within 60 days through the exercise of any option or warrant or through the conversion of a convertible security. Also under applicable SEC rules, a person is deemed to be the beneficial owner of a security with regard to which the person directly or indirectly, has or shares (a) voting power, which includes the power to vote or direct the voting of the security, or (b) investment power, which includes the power to dispose, or direct the disposition, of the security, in each case, irrespective of the persons economic interest in the security. Each listed selling security holder has the sole investment and voting power with respect to all shares shown as beneficially owned by such selling security holder, except as otherwise indicated in the footnotes to the table. |
(2) |
As of November 30, 2012, there were 50,000,000 shares of common stock issued and outstanding. |
|
ordinary brokers transactions, which may include long or short sales, |
|
transactions involving cross or block trades on any securities or market where our common stock is trading, market where our common stock is trading, |
|
through direct sales to purchasers or sales effected through agents, |
|
through transactions in options, swaps or other derivatives (whether exchange listed of otherwise), or exchange listed or otherwise), or |
|
any combination of the foregoing. |
Audited
Consolidated Financial Statements for the Years Ended December 31, 2011 and 2010 |
||||||
F-2 | ||||||
F-3 | ||||||
F-4 | ||||||
F-5 | ||||||
F-6 | ||||||
F-7 to F-31 | ||||||
Unaudited
Consolidated Financial Statements For the Nine Months Ended September 30, 2012 and 2011 |
||||||
F-32 | ||||||
F-33 | ||||||
F-34 | ||||||
F-35 to F-53 |
/s/
Albert Wong & Co. |
||||||
Hong Kong,
China |
Albert Wong & Co. |
|||||
April 16, 2012,
except for Notes 2, 3 and 16 which are dated September 10, 2012 |
Certified Public Accountants |
December 31, |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 |
2010 |
||||||||||
(As Restated) | (As Restated) | ||||||||||
ASSETS |
|||||||||||
CURRENT
ASSETS: |
|||||||||||
Cash
|
$ | 732,371 | $ | 1,850,488 | |||||||
Due from
related parties |
| 57,131 | |||||||||
Inventories
|
710,844 | 972,048 | |||||||||
Prepaid
expenses and other assets |
433 | 2,250 | |||||||||
Total Current
Assets |
1,443,648 | 2,881,917 | |||||||||
LONG-TERM
ASSETS: |
|||||||||||
Inventories,
net of current portion |
7,508,030 | 7,533,189 | |||||||||
Property and
Equipment, net |
784,222 | 771,237 | |||||||||
Land use
rights and yew forest assets, net |
15,166,197 | 9,485,786 | |||||||||
Total
Long-term Assets |
23,458,449 | 17,790,212 | |||||||||
Total Assets
|
$ | 24,902,097 | $ | 20,672,129 | |||||||
LIABILITIES
AND SHAREHOLDERS EQUITY |
|||||||||||
CURRENT
LIABILITIES: |
|||||||||||
Accounts
payable |
$ | 1,360,611 | $ | 1,810,092 | |||||||
Advances from
customers |
| 322,151 | |||||||||
Accrued
expenses and other payables |
119,901 | 55,604 | |||||||||
Taxes payable
|
500 | 7,112 | |||||||||
Refundable
common stock subscription |
950,000 | 950,000 | |||||||||
Due to
related parties |
266,488 | 141,276 | |||||||||
Total Current
Liabilities |
2,697,500 | 3,286,235 | |||||||||
Total
Liabilities |
2,697,500 | 3,286,235 | |||||||||
COMMITMENTS
AND CONTINGENCIES |
|||||||||||
SHAREHOLDERS EQUITY: |
|||||||||||
Common Stock
($0.001 par value; 50,000,000 shares authorized; 40,500,000 shares issued and outstanding at December 31, 2011 and 2010, respectively)
|
40,500 | 40,500 | |||||||||
Additional
paid-in capital |
7,208,970 | 7,208,970 | |||||||||
Retained
earnings |
11,469,172 | 7,849,160 | |||||||||
Statutory
reserves |
1,686,087 | 1,265,788 | |||||||||
Accumulated
other comprehensive income foreign currency translation adjustment |
1,799,868 | 1,021,476 | |||||||||
Total
Shareholders Equity |
22,204,597 | 17,385,894 | |||||||||
Total
Liabilities and Shareholders Equity |
$ | 24,902,097 | $ | 20,672,129 |
For the Years Ended December 31, |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 |
2010 |
||||||||||
REVENUES: |
|||||||||||
Revenues
|
$ | 4,564,426 | $ | 3,789,181 | |||||||
Revenue
related party |
1,396,613 | 1,338,871 | |||||||||
Total
Revenues |
5,961,039 | 5,128,052 | |||||||||
COST OF
REVENUES |
|||||||||||
Cost of
revenues |
741,508 | 1,178,382 | |||||||||
Cost of
revenues related party |
384,457 | 459,681 | |||||||||
Total Cost of
Revenues |
1,125,965 | 1,638,063 | |||||||||
GROSS PROFIT
|
4,835,074 | 3,489,989 | |||||||||
OPERATING
EXPENSES: |
|||||||||||
Selling
|
54,593 | 30,417 | |||||||||
General and
administrative |
733,815 | 878,879 | |||||||||
Total
Operating Expenses |
788,408 | 909,296 | |||||||||
INCOME FROM
OPERATIONS |
4,046,666 | 2,580,693 | |||||||||
OTHER INCOME
(EXPENSES): |
|||||||||||
Interest
income |
2,643 | 3,588 | |||||||||
Interest
expense |
| (921 | ) | ||||||||
Other income
(expense) |
(8,998 | ) | 2,600 | ||||||||
Total Other
Income (Expenses) |
(6,355 | ) | 5,267 | ||||||||
NET INCOME
|
$ | 4,040,311 | $ | 2,585,960 | |||||||
COMPREHENSIVE
INCOME: |
|||||||||||
OTHER
COMPREHENSIVE INCOME: |
|||||||||||
Unrealized
foreign currency translation gain |
778,392 | 463,826 | |||||||||
COMPREHENSIVE
INCOME |
$ | 4,818,703 | $ | 3,049,786 | |||||||
NET INCOME
PER COMMON SHARE: |
|||||||||||
Basic
|
$ | 0.10 | $ | 0.06 | |||||||
Diluted
|
$ | 0.08 | $ | 0.05 | |||||||
WEIGHTED
AVERAGE COMMON SHARES OUTSTANDING: |
|||||||||||
Basic
|
40,500,000 | 40,083,562 | |||||||||
Diluted
|
50,000,000 | 49,583,562 |
Common Stock, Par Value $0.001 |
||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Number of Shares |
Amount |
Additional paid-in Capital |
Retained Earnings |
Statutory Reserve |
Accumulated Other Comprehensive Income |
Total Shareholders Equity |
||||||||||||||||||||||||
Balance,
December 31, 2009 |
40,000,000 | $ | 40,000 | $ | 7,159,470 | $ | 5,547,838 | $ | 981,150 | $ | 557,650 | $ | 14,286,108 | |||||||||||||||||
Shares issue for
compensation at $0.10 per share |
500,000 | 500 | 49,500 | | | | 50,000 | |||||||||||||||||||||||
Adjustment to
statutory reserve |
| | | (284,638 | ) | 284,638 | | | ||||||||||||||||||||||
Net income for
the year |
| | | 2,585,960 | | | 2,585,960 | |||||||||||||||||||||||
Foreign currency
translation adjustment |
| | | | | 463,826 | 463,826 | |||||||||||||||||||||||
Balance,
December 31, 2010 |
40,500,000 | 40,500 | 7,208,970 | 7,849,160 | 1,265,788 | 1,021,476 | 17,385,894 | |||||||||||||||||||||||
Adjustment to
statutory reserve |
| | | (420,299 | ) | 420,299 | | | ||||||||||||||||||||||
Net income for
the year |
| | | 4,040,311 | | | 4,040,311 | |||||||||||||||||||||||
Foreign currency
translation adjustment |
| | | | | 778,392 | 778,392 | |||||||||||||||||||||||
Balance,
December 31, 2011 |
40,500,000 | $ | 40,500 | $ | 7,208,970 | $ | 11,469,172 | $ | 1,686,087 | $ | 1,799,868 | $ | 22,204,597 |
For the Years Ended December 31, |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 |
2010 |
||||||||||
CASH FLOWS
FROM OPERATING ACTIVITIES: |
|||||||||||
Net income
|
$ | 4,040,311 | $ | 2,585,960 | |||||||
Adjustments
to reconcile net income to net cash provided by operating activities: |
|||||||||||
Depreciation
|
178,178 | 157,790 | |||||||||
Amortization
of land use rights and yew forest assets |
292,739 | 47,772 | |||||||||
Loss on
disposal of fixed assets |
9,975 | 7,849 | |||||||||
Common stock
issued for compensation |
| 50,000 | |||||||||
Changes in
operating assets and liabilities: |
|||||||||||
Accounts
receivable |
| 2,353,974 | |||||||||
Accounts
receivable related party |
| 59,746 | |||||||||
Prepaid taxes
|
| 13,398 | |||||||||
Inventories
|
606,202 | (222,171 | ) | ||||||||
Prepaid and
other current assets |
1,867 | 4,390 | |||||||||
Advances to
suppliers |
| 633,435 | |||||||||
Accounts
payable |
(511,018 | ) | 1,736,923 | ||||||||
Accrued
expenses and other payable |
62,115 | 27,798 | |||||||||
Due to
related parties |
25,867 | | |||||||||
Taxes payable
|
(6,781 | ) | 6,833 | ||||||||
Advances from
customers |
(329,033 | ) | 313,627 | ||||||||
NET CASH
PROVIDED BY OPERATING ACTIVITIES |
4,370,422 | 7,777,324 | |||||||||
CASH FLOWS
FROM INVESTING ACTIVITIES: |
|||||||||||
Proceeds from
disposal of property and equipment |
19,695 | 26,554 | |||||||||
Purchase of
property and equipment |
(191,821 | ) | (169,086 | ) | |||||||
Purchase of
land use rights and yew forest assets |
(5,515,590 | ) | (9,021,506 | ) | |||||||
NET CASH USED
IN INVESTING ACTIVITIES |
(5,687,716 | ) | (9,164,038 | ) | |||||||
CASH FLOWS
FROM FINANCING ACTIVITIES: |
|||||||||||
Proceeds from
refundable common stock subscription |
| 950,000 | |||||||||
Proceeds from
related party advances |
88,119 | 434,112 | |||||||||
Payments of
directors advances |
| (57,488 | ) | ||||||||
NET CASH
PROVIDED BY FINANCING ACTIVITIES |
88,119 | 1,326,624 | |||||||||
EFFECT OF
EXCHANGE RATE ON CASH |
111,058 | 27,489 | |||||||||
NET DECREASE
IN CASH |
(1,118,117 | ) | (32,601 | ) | |||||||
CASH
beginning of year |
1,850,488 | 1,883,089 | |||||||||
CASH
end of year |
$ | 732,371 | $ | 1,850,488 | |||||||
SUPPLEMENTAL
DISCLOSURE OF CASH FLOW INFORMATION: |
|||||||||||
Cash paid
for: |
|||||||||||
Interest
|
$ | | $ | 921 | |||||||
Income taxes
|
$ | | $ | | |||||||
Non-cash
investing and financing activities |
|||||||||||
Property and
equipment reclassified to inventory |
$ | | $ | 83,272 |
Mr. Wang
|
76.65 | % | ||||
Madame Qi
|
18.53 | % | ||||
Mr. Han
|
4.82 | % |
|
Exclusive Business Cooperation Agreement. Pursuant to the Exclusive Business Cooperation Agreement between JSJ and HDS (the Business Cooperation Agreement), JSJ has the exclusive right to provide to HDS general business operation services, including advice and strategic planning, as well as consulting services related to technology, research and development, human resources, marketing and other services deemed necessary (collectively, the Services). Under the Business Cooperation Agreement, JSJ has exclusive and proprietary rights and interests in all rights, ownership, interests and intellectual properties arising out of or created during the performance of the Business Cooperation Agreement, including but not limited to copyrights, patents, patent applications, software and trade secrets. HDS shall pay to JSJ a monthly consulting service fee (the Service Fee) in Renminbi that is equal to 100% of the monthly net income of HDS. Upon the prior written consent by JSJ, the rate of Service Fee may be adjusted pursuant to the operational needs of HDS. Within 30 days after the end of each month, HDS shall (a) deliver to JSJ the management accounts and operating statistics of HDS for such month, including the net income of HDS during such month (the Monthly Net Income), and (b) pay 80% of such Monthly Net Income to JSJ (each such payment, a Monthly Payment). Within ninety (90) days after the end of each fiscal year, HDS shall (a) deliver to JSJ financial statements of HDS for such fiscal year, which shall be audited and certified by an independent certified public accountant approved by JSJ, and (b) pay an amount to JSJ equal to the shortfall, if any, of the aggregate net income of HDS for such fiscal year, as shown in such audited financial statements, as compared to the aggregate amount of the Monthly Payments paid by HDS to JSJ in such fiscal year. HDS also granted an irrevocable and exclusive option to JSJ to purchase any and all of the assets of HDS, to the extent permitted under PRC law, at the lowest price permitted by PRC law. Unless earlier terminated in accordance with the provisions of the Business Cooperation Agreement or other agreements separately executed between JSJ and HDS, the Business Cooperation Agreement is for a term of ten years and expires on November 5, 2020; however, the term of the Business Cooperation Agreement may be extended if confirmed in writing by JSJ prior to the expiration of the term thereof. The period of the extended term shall be determined exclusively by JSJ and HDS |
shall accept such extended term unconditionally. Unless JSJ commits gross negligence, or a fraudulent act, against HDS, HDS shall not terminate the Business Cooperation Agreement prior to the expiration of the term, including any extended term. Notwithstanding the foregoing, JSJ shall have the right to terminate the Business Cooperation Agreement at any time upon giving 30 days prior written notice to HDS. |
|
Exclusive Option Agreement. Under an Exclusive Option Agreement among JSJ, HDS and each HDS Shareholder (individually, an Option Agreement), the terms of which are substantively identical to each other, each HDS Shareholder has granted JSJ or its designee the irrevocable and exclusive right to purchase, to the extent permitted under PRC law, all or any part of the HDS Shareholders equity interests in HDS (the Equity Interest Purchase Option) for RMB 10. If an appraisal is required by PRC laws at the time when and if JSJ exercises the Equity Interest Purchase Option, the parties shall negotiate in good faith and, based upon the appraisal, make a necessary adjustment to the purchase price so that it complies with any and all then applicable PRC laws. Without the consent of JSJ, the HDS Shareholders shall not sell, transfer, mortgage or dispose of their respective shares of HDS stock. Additionally, without the prior consent of JSJ, the HDS Shareholders shall not in any manner supplement, change or amend the articles of association and bylaws of HDS, increase or decrease its registered capital, change the structure of its registered capital in any other manner, or engage in any transactions that could materially affect HDS assets, liabilities, rights or operations, including, without limitation, the incurrence or assumption of any indebtedness except incurred in the ordinary course of business, execute any major contract over RMB 500,000, sell or purchase any assets or rights, incur of any encumbrance on any of its assets or intellectual property rights in favor of a third party or transfer of any agreements relating to its business operation to any third party. The term of each Option Agreement is ten years commencing on November 5, 2020 and may be extended at the sole election of JSJ. |
|
Equity Interest Pledge Agreement. In order to guarantee HDSs performance of its obligations under the Business Cooperation Agreement, each HDS Shareholder, JSJ and HDS entered into an Equity Interest Pledge Agreement (individually, a Pledge Agreement), the terms of which are substantially similar to each other. Pursuant to the Pledge Agreement, each HDS Shareholder pledged all of his or her equity interest in HDS to JSJ. If HDS or the HDS Shareholders breach their respective contractual obligations and such breach is not remedied to the satisfaction of JSJ within 20 days after the giving of notice of breach, JSJ, as pledgee, will be entitled to exercise certain rights, including the right to foreclose upon and sell the pledged equity interests. During the term of the Pledge Agreement, the HDS Shareholder shall not transfer his or her equity interest in HDS or place or otherwise permit any other security interest of other encumbrance to be placed on such equity interest. Upon the full payment of the Service Fee under the Business Cooperation Agreement and upon the termination of HDSs obligations thereunder, the Pledge Agreement shall be terminated. |
|
Power of Attorney. Under the Power of Attorney executed by each HDS Shareholder (each, a Power of Attorney), the terms of which are substantially similar to each other, JSJ has been granted an exclusive, irrevocable power of attorney to take actions in the place and stead of the HDS Shareholders, to act on behalf of the HDS Shareholder as his or her exclusive agent and attorney with respect to all matters concerning the HDS Shareholders equity interests in HDS, including without limitation, the right to: 1) attend shareholders meetings of HDS; 2) exercise all the HDS Shareholders rights, including voting rights under PRC laws and HDSs Articles of Association, including but not limited to the sale or transfer or pledge or disposition of the HDS Shareholders equity interests in HDS in whole or in part; and 3) designate and appoint on behalf of the HDS Shareholders the legal representative, executive director, supervisor, manager and other senior management of HDS. |
December 31, 2011 |
December 31, 2010 |
|||||||||
---|---|---|---|---|---|---|---|---|---|---|
Assets |
||||||||||
Cash
|
$ | 479,494 | $ | 543,063 | ||||||
Inventories
|
8,218,874 | 8,505,237 | ||||||||
Prepaid
expenses and other assets |
283 | 2,100 | ||||||||
Property and
equipment, net |
750,779 | 752,334 | ||||||||
Land use
rights and yew forest assets, net |
15,166,197 | 9,485,786 | ||||||||
Total assets
of VIE |
$ | 24,615,627 | $ | 19,288,520 | ||||||
Accounts
payable |
$ | 1,360,611 | $ | 1,810,092 | ||||||
Advances from
customers |
| 322,151 | ||||||||
Accrued
expenses and other payables |
73,727 | 44,134 | ||||||||
Taxes payable
|
1,049 | 7,112 | ||||||||
Due to VIE
holding companies |
2,164,107 | 1,075,225 | ||||||||
Due to
related parties |
240,159 | 145,360 | ||||||||
Total
liabilities of VIE |
$ | 3,839,653 | $ | 3,404,074 |
Name |
Domicile and date of incorporation |
Registered capital |
Effective ownership |
Principal activities |
||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
JSJ |
PRC October 29, 2009 |
USD
$100,000 |
100% |
Holding company |
||||||||||||||
Yew Bio-Pharm
(HK) |
Hong
Kong November 29, 2010 |
HK
$10,000 |
100% |
Holding company of JSJ |
||||||||||||||
HDS |
PRC August 22, 1996 |
RMB
45,000,000 |
Contractual arrangements |
Sales
of Yew tree components for use in pharmaceutical industry, sale of Yew tree seedlings and potted yew trees; and the manufacture of Yew tree wood
handicrafts |
|
Level 1 Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date. |
|
Level 2 Inputs are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other then quoted prices that are observable, and inputs derived from or corroborated by observable market data. |
|
Level 3 Inputs are unobservable inputs which reflect the reporting entitys own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information. |
Building
|
15 | years | ||||
Machinery and
equipment |
10 | years | ||||
Office equipment
|
3 | years | ||||
Leasehold
improvement |
5 | years | ||||
Motor vehicles
|
4 | years |
2011 |
2010 |
|||||||||
---|---|---|---|---|---|---|---|---|---|---|
Exchange rate on
balance sheet dates |
||||||||||
USD : RMB
exchange rate |
6.3647 | 6.6118 | ||||||||
Average exchange
rate for the year |
||||||||||
USD : RMB
exchange rate |
6.47351 | 6.77875 |
Years Ended December 31, |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 |
2010 |
||||||||||
Net income
available to common stockholders for basic and diluted net income per share of common stock |
$ | 4,040,311 | $ | 2,585,960 | |||||||
Weighted average
common stock outstanding basic |
40,500,000 | 40,083,562 | |||||||||
Effect of
dilutive securities: |
|||||||||||
Subscribed
common shares issuable and subject to recession |
9,500,000 | 9,500,000 | |||||||||
Weighted average
common stock outstanding diluted |
50,000,000 | 49,583,562 | |||||||||
Net income per
common share basic |
$ | 0.10 | $ | 0.06 | |||||||
Net income per
common share diluted |
$ | 0.08 | $ | 0.05 |
December 31, 2011 |
December 31, 2010 |
||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Current portion |
Long-term portion |
Total |
Current portion |
Long-term portion |
Total |
||||||||||||||||||||||
Raw Materials
|
$ | 29,401 | $ | 2,817,980 | $ | 2,847,381 | $ | 9,160 | $ | 2,712,665 | $ | 2,721,825 | |||||||||||||||
Work in
process |
18,642 | | 18,642 | 177,854 | | 177,854 | |||||||||||||||||||||
Finished
goods handicrafts |
236,854 | 687,258 | 924,112 | 207,207 | 735,980 | 943,187 | |||||||||||||||||||||
Yew seedlings
|
425,947 | 4,002,792 | 4,428,739 | 577,827 | 4,084,544 | 4,662,371 | |||||||||||||||||||||
$ | 710,844 | $ | 7,508,030 | $ | 8,218,874 | $ | 972,048 | $ | 7,533,189 | $ | 8,505,237 |
December 31, |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 |
2010 |
||||||||||
Buildings and
building improvements |
$ | 267,015 | $ | 200,806 | |||||||
Machinery and
equipment |
520,416 | 500,845 | |||||||||
Office equipment
|
44,841 | 15,433 | |||||||||
Leasehold
improvement |
52,763 | 50,791 | |||||||||
Motor vehicles
|
513,280 | 425,975 | |||||||||
1,398,315 | 1,193,850 | ||||||||||
Less:
accumulated depreciation |
(614,093 | ) | (422,613 | ) | |||||||
$ | 784,222 | $ | 771,237 |
Description |
Useful life |
Acquisition date |
Expiration date |
Metric Acres (Mu) |
||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Parcel
A |
Undeveloped forest land |
50 |
3/2004 |
3/2054 |
125 |
|||||||||||||||||
Parcel
B |
Undeveloped forest land |
50 |
4/2004 |
4/2054 |
400 |
|||||||||||||||||
Parcel
C |
Yew
tree forests and underlying land |
50 |
1/2008 |
1/2058 |
290 |
|||||||||||||||||
Parcel
D |
Yew
tree forests and underlying land |
45 |
3/2010 |
3/2055 |
15,865 |
Useful Life |
December 31, 2011 |
December 31, 2010 |
||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Land
and yew forest use rights |
4550 years | $ | 15,546,414 | $ | 9,565,177 | |||||||||
Less:
accumulated amortization |
(380,217 | ) | (79,391 | ) | ||||||||||
Total
|
$ | 15,166,197 | $ | 9,485,786 |
Amount |
||||||
---|---|---|---|---|---|---|
Years
ending December 31: |
||||||
2012
|
$ | 342,484 | ||||
2013
|
342,484 | |||||
2014
|
342,484 | |||||
2015
|
342,484 | |||||
2016
|
342,484 | |||||
2017
and thereafter |
13,453,777 | |||||
Total
|
$ | 15,166,197 |
December 31, |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 |
2010 |
||||||||||
Accrued wage
|
$ | 16,844 | $ | 30,462 | |||||||
Accrued
professional fees |
75,029 | | |||||||||
Other
|
28,028 | 25,142 | |||||||||
Total
|
$ | 119,901 | $ | 55,604 |
Years ended December 31, |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 |
2010 |
||||||||||
U.S. federal
income tax rate |
34 | % | 34 | % | |||||||
Foreign income
not recognized in the U.S. |
(34 | %) | (34 | %) | |||||||
PRC Enterprise
Income Tax |
25 | % | 25 | % | |||||||
Tax exemption
|
(25 | %) | (25 | %) | |||||||
Total provision
for income tax |
| |
Years ended December 31, |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 |
2010 |
||||||||||
Tax exemption
effect |
$ | 1,050,746 | $ | 711,593 | |||||||
Basic net income
per share effect |
$ | (0.03 | ) | $ | (0.02 | ) | |||||
Diluted net
income per share effect |
$ | (0.02 | ) | $ | (0.01 | ) |
Years ended December 31, |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Customer |
2011 |
2010 |
|||||||||
A |
5 | % | 19 | % | |||||||
B |
23 | % | 26 | % | |||||||
C |
* | 13 | % | ||||||||
D |
10 | % | 10 | % | |||||||
E |
29 | % | * | ||||||||
F |
13 | % | * |
* |
Below 1% |
Company |
Ownership |
|||||
---|---|---|---|---|---|---|
Heilongjiang
Zishan Technology Stock Co., Ltd. (ZTC) |
18%
owned by Heilongjiang Hongdoushan Ecology Forest Stock Co., Ltd., 39% owned by Zhiguo Wang, Chairman and Chief Executive Officer, 31% owned by Guifang
Qi, the wife of Mr. Wang and Director of the Company, and 12% owned by third parties |
|||||
Heilongjiang Yew
Pharmaceuticals, Co., Ltd. (Yew Pharmaceutical) |
95%
owned by Heilongjiang Hongdoushan Ecology Forest Stock Co., Ltd., and 5% owned by Madame Qi |
|||||
Shanghai Kairun
Bio-Pharmaceutical Co., Ltd. (Kairun) |
60%
owned by Heilongjiang Zishan Technology Co., Ltd., 20% owned by Heilongjiang Hongdoushan Ecology Forest Stock Co., Ltd., and 20% owned by Mr.
Wang |
|||||
Heilongjiang
Hongdoushan Ecology Forest Stock Co., Ltd. (HEFS) |
63%
owned by Mr. Wang, 34% owned by Madame Qi, and 3% owned by third parties |
Name of Related Party |
Revenues |
||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 |
2010 |
||||||||||
Yew
Pharmaceutical |
$ | 1,396,613 | $ | 1,338,871 | |||||||
Total
|
$ | 1,396,613 | $ | 1,338,871 |
Years Ending December 31: |
||||||
---|---|---|---|---|---|---|
2012
|
$ | 30,331 | ||||
2013
|
30,331 | |||||
2014
|
30,331 | |||||
2015
|
27,880 | |||||
2016
|
27,880 | |||||
Thereafter
|
487,018 | |||||
Total
|
$ | 633,771 |
Name of Related Party |
Due from related parties |
Due to related parties |
|||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2011 |
2010 |
2011 |
2010 |
||||||||||||||||
Zhiguo
Wang |
$ | | $ | 57,131 | $ | 31,357 | $ | | |||||||||||
Yew
Pharmaceutical |
| | 62,847 | | |||||||||||||||
ZTC
|
| | 172,284 | 141,276 | |||||||||||||||
Total
|
$ | | $ | 57,131 | $ | 266,488 | $ | 141,276 |
For the Year Ended December 31, |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 |
2010 |
||||||||||
Revenues: |
|||||||||||
TCM raw
materials |
$ | 3,458,093 | $ | 2,845,067 | |||||||
Yew trees
|
2,400,245 | 2,131,445 | |||||||||
Handicrafts
|
102,701 | 151,540 | |||||||||
5,961,039 | 5,128,052 | ||||||||||
Cost of
revenues: |
|||||||||||
TCM raw
materials |
897,154 | 924,547 | |||||||||
Yew trees
|
172,460 | 633,027 | |||||||||
Handicrafts
|
56,351 | 80,489 | |||||||||
1,125,965 | 1,638,063 | ||||||||||
Depreciation and
amortization: |
|||||||||||
TCM raw
materials |
286,196 | 44,239 | |||||||||
Yew trees
|
30,185 | 48,648 | |||||||||
Handicrafts
|
31,852 | 32,013 | |||||||||
Other
|
122,684 | 80,662 | |||||||||
470,917 | 205,562 | ||||||||||
Net income
(loss): |
|||||||||||
TCM raw
materials |
2,560,939 | 1,920,520 | |||||||||
Yew trees
|
2,227,785 | 1,498,418 | |||||||||
Handicrafts
|
46,350 | 71,051 | |||||||||
Other
|
(794,763 | ) | (904,029 | ) | |||||||
$ | 4,040,311 | $ | 2,585,960 |
December 31, 2010 |
|||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCM raw materials |
Yew trees |
Handicrafts |
Other |
Total |
|||||||||||||||||||
Identifiable
long-lived assets, net |
$ | 8,892,246 | $ | 593,397 | $ | 182,694 | $ | 588,686 | $ | 10,257,023 | |||||||||||||
Expenditures for
segment assets |
9,021,506 | 7,745 | 5,353 | 155,988 | 9,190,592 |
December 31, 2011 |
|||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCM raw materials |
Yew trees |
Handicrafts |
Other |
Total |
|||||||||||||||||||
Identifiable
long-lived assets, net |
$ | 14,880,192 | $ | 600,364 | $ | 153,686 | $ | 316,177 | $ | 15,950,419 | |||||||||||||
Expenditures for
segment assets |
5,515,590 | 61,436 | | 130,385 | 5,707,411 |
Year |
Annual Lease Amount |
Payment Due Date |
||||||||
---|---|---|---|---|---|---|---|---|---|---|
March
2002 to February 2012 |
RMB 25,000 |
Before December 2012 |
||||||||
March
2012 to February 2017 |
RMB 25,000 |
Before December 2017 |
||||||||
March
2017 to March 2025 |
RMB 25,000 |
Before December 2025 |
Years Ending December 31: |
||||||
---|---|---|---|---|---|---|
2012
|
$ | 3,928 | ||||
2013
|
3,928 | |||||
2014
|
3,928 | |||||
2015
|
3,928 | |||||
2016
|
3,928 | |||||
Thereafter
|
32,405 | |||||
Total
|
$ | 52,045 |
|
The issuance of the Founders Option may be subject to pre-issuance approval or post-issuance ratification by our shareholders as described below; |
|
Each Founders Option is fully vested upon issuance; |
|
Each Founders Option may be exercised only upon the approval by the YBP shareholders of an amendment to YBPs Articles of Incorporation increasing the number of shares of authorized Common Stock and the filing of an amendment of the Articles of Incorporation with the Secretary of State of Nevada; |
|
Each Founders Option is exercisable for a period of five years; |
|
Each Founders Option has an exercise price of $0.10 per share, which is the same price per share in the most recently completed offering of YBPs Common Stock; and |
|
Each Founders Option has a cashless exercise feature, pursuant to which, at the optionees election, he or she may choose not to pay the exercise price of the Founders Option and receive instead a reduced number of shares of YBP Common Stock reflecting the value of the number of shares of YBP Common Stock equal to the aggregate exercise price of the Founders Option. |
Name of Optionee |
Number of Shares Subject to Option |
|||||
---|---|---|---|---|---|---|
Zhiguo
Wang |
20,103,475 | |||||
Guifang Qi |
2,488,737 | |||||
Xingming Han |
213,300 |
Shareholder |
Number Shares Presently Held |
Percentage of Issued Shares Presently Held |
Number Shares Held Assuming Exercise of Founders Options |
Percentage of Issued Shares Following Exercise of Founders Options |
||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Zhiguo Wang
|
20,103,475 | 40.21 | % | 40,206,950 | 55.23 | % | ||||||||||||
Guifang Qi
|
2,488,737 | 4.98 | % | 4,977,474 | 6.84 | % | ||||||||||||
Xingming Han
|
213,300 | 0.43 | % | 426,600 | 0.58 | % | ||||||||||||
All HDS
Shareholders as a group (3 persons) |
22,805,512 | 45.61 | % | 45,611,024 | 62.65 | % | ||||||||||||
All other
existing shareholders |
27,194,488 | 54.39 | % | 27,194,488 | 37.35 | % | ||||||||||||
Total
|
50,000,000 | 100.00 | % | 72,805,512 | 100.00 | % |
December 31, 2011 (As Previously Reported) |
Adjustments to Restate |
December 31, 2011 (As Restated) |
||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Consolidated Balance Sheet: |
||||||||||||||
Assets: |
||||||||||||||
Current Assets: |
||||||||||||||
Inventories |
$ | 8,218,874 | $ | (7,508,030 | ) | $ | 710,844 | |||||||
Total
Current Assets |
8,951,678 | (7,508,030 | ) | 1,443,648 | ||||||||||
Long-term Assets: |
||||||||||||||
Inventories, net of current portion |
| 7,508,030 | 7,508,030 | |||||||||||
Total
Assets |
$ | 24,902,097 | $ | | $ | 24,902,097 |
December 31, 2010 (As Previously Reported) |
Adjustments to Restate |
December 31, 2010 (As Restated) |
||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Consolidated Balance Sheet: |
||||||||||||||
Assets: |
||||||||||||||
Current Assets: |
||||||||||||||
Inventories |
$ | 8,505,237 | $ | (7,533,189 | ) | $ | 972,048 | |||||||
Total
Current Assets |
10,415,106 | (7,533,189 | ) | 2,881,917 | ||||||||||
Long-term Assets: |
||||||||||||||
Inventories, net of current portion |
| 7,533,189 | 7,533,189 | |||||||||||
Total
Assets |
$ | 20,672,129 | $ | | $ | 20,672,129 |
September 30, 2012 |
December 31, 2011 |
|||||||||
---|---|---|---|---|---|---|---|---|---|---|
(Unaudited) | (As Restated) | |||||||||
ASSETS |
||||||||||
CURRENT
ASSETS: |
||||||||||
Cash
|
$ | 567,798 | $ | 732,371 | ||||||
Accounts
receivable |
530,471 | | ||||||||
Inventories
|
899,783 | 710,844 | ||||||||
Prepaid rent
related party |
67,292 | | ||||||||
Prepaid
expenses and other assets |
14,245 | 433 | ||||||||
Total Current
Assets |
2,079,589 | 1,443,648 | ||||||||
LONG-TERM
ASSETS: |
||||||||||
Inventories,
net of current portion |
9,703,596 | 7,508,030 | ||||||||
Property and
equipment, net |
838,002 | 784,222 | ||||||||
Land use
rights and yew forest assets, net |
15,034,720 | 15,166,197 | ||||||||
Total
long-term assets |
25,576,318 | 23,458,449 | ||||||||
Total Assets
|
$ | 27,655,907 | $ | 24,902,097 | ||||||
LIABILITIES
AND SHAREHOLDERS EQUITY |
||||||||||
CURRENT
LIABILITIES: |
||||||||||
Accounts
payable |
$ | 915,792 | $ | 1,360,611 | ||||||
Accrued
expenses and other payables |
49,939 | 119,901 | ||||||||
Taxes payable
|
11,303 | 500 | ||||||||
Refundable
common stock subscription |
| 950,000 | ||||||||
Due to
related parties |
56,098 | 266,488 | ||||||||
Total Current
Liabilities |
1,033,132 | 2,697,500 | ||||||||
Total
Liabilities |
1,033,132 | 2,697,500 | ||||||||
COMMITMENTS
AND CONTINGENCIES |
||||||||||
SHAREHOLDERS EQUITY: |
||||||||||
Common stock
($0.001 par value; 50,000,000 shares authorized; 50,000,000 and 40,500,000 shares issued and outstanding at September 30, 2012 and December 31, 2011,
respectively) |
50,000 | 40,500 | ||||||||
Additional
paid-in capital |
8,149,470 | 7,208,970 | ||||||||
Retained
earnings |
14,465,223 | 11,469,172 | ||||||||
Statutory
reserves |
2,049,906 | 1,686,087 | ||||||||
Accumulated
other comprehensive income foreign currency translation adjustment |
1,908,176 | 1,799,868 | ||||||||
Total
Shareholders Equity |
26,622,775 | 22,204,597 | ||||||||
Total
Liabilities and Shareholders Equity |
$ | 27,655,907 | $ | 24,902,097 |
For the Three Months Ended September 30, |
For the Nine Months Ended September 30, |
||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 |
2011 |
2012 |
2011 |
||||||||||||||||
REVENUES: |
|||||||||||||||||||
Revenues
|
$ | 930,557 | $ | 954,122 | $ | 4,230,631 | $ | 3,246,602 | |||||||||||
Revenues
related party |
442,467 | 251,876 | 602,159 | 1,169,688 | |||||||||||||||
Total
Revenues |
1,373,024 | 1,205,998 | 4,832,790 | 4,416,290 | |||||||||||||||
COST OF
REVENUES: |
|||||||||||||||||||
Cost of
revenues |
146,409 | 220,121 | 726,957 | 691,588 | |||||||||||||||
Cost of
revenues related party |
84,528 | 41,009 | 109,752 | 297,004 | |||||||||||||||
Total Cost of
Revenues |
230,937 | 261,130 | 836,709 | 988,592 | |||||||||||||||
GROSS PROFIT
|
1,142,087 | 944,868 | 3,996,081 | 3,427,698 | |||||||||||||||
OPERATING
EXPENSES: |
|||||||||||||||||||
Selling
|
6,643 | 8,455 | 17,880 | 42,640 | |||||||||||||||
General and
administrative |
256,013 | 221,654 | 619,786 | 533,595 | |||||||||||||||
Total
Operating Expenses |
262,656 | 230,109 | 637,666 | 576,235 | |||||||||||||||
INCOME FROM
OPERATIONS |
879,431 | 714,759 | 3,358,415 | 2,851,463 | |||||||||||||||
OTHER INCOME
(EXPENSES): |
|||||||||||||||||||
Interest
income |
474 | 263 | 2,062 | 1,712 | |||||||||||||||
Other
(expense) |
(246 | ) | (2,717 | ) | (607 | ) | (14,838 | ) | |||||||||||
Total Other
Income (Expenses) |
228 | (2,454 | ) | 1,455 | (13,126 | ) | |||||||||||||
NET INCOME
|
$ | 879,659 | $ | 712,305 | $ | 3,359,870 | $ | 2,838,337 | |||||||||||
COMPREHENSIVE
INCOME: |
|||||||||||||||||||
NET INCOME
|
$ | 879,659 | $ | 712,305 | $ | 3,359,870 | $ | 2,838,337 | |||||||||||
OTHER
COMPREHENSIVE INCOME: |
|||||||||||||||||||
Unrealized
foreign currency translation gain (loss) |
(59,359 | ) | 158,519 | 108,308 | 582,653 | ||||||||||||||
COMPREHENSIVE
INCOME |
$ | 820,300 | $ | 870,824 | $ | 3,468,178 | $ | 3,420,990 | |||||||||||
NET INCOME
PER COMMON SHARE: |
|||||||||||||||||||
Basic
|
$ | 0.02 | $ | 0.02 | $ | 0.07 | $ | 0.07 | |||||||||||
Diluted
|
$ | 0.02 | $ | 0.01 | $ | 0.07 | $ | 0.06 |
For the Nine Months Ended September 30, |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2012 |
2011 |
||||||||||
CASH FLOWS
FROM OPERATING ACTIVITIES: |
|||||||||||
Net income
|
$ | 3,359,870 | $ | 2,838,337 | |||||||
Adjustments
to reconcile net income to net cash provided by operating activities: |
|||||||||||
Depreciation
|
158,502 | 128,086 | |||||||||
Amortization
of land use rights and yew forest assets |
259,221 | 213,131 | |||||||||
Loss on
disposal of fixed assets |
| 9,877 | |||||||||
Changes in
operating assets and liabilities: |
|||||||||||
Accounts
receivable |
(531,020 | ) | | ||||||||
Inventories
|
(2,335,370 | ) | 859,356 | ||||||||
Prepaid and
other current assets |
(13,812 | ) | (5,043 | ) | |||||||
Prepaid rent
related party |
(67,361 | ) | | ||||||||
Accounts
payable |
(451,897 | ) | 501,672 | ||||||||
Accrued
expenses and other payables |
(66,648 | ) | 2,234 | ||||||||
Due to
related parties |
27,247 | | |||||||||
Taxes payable
|
7,081 | (5,935 | ) | ||||||||
Advances from
customers |
| (173,686 | ) | ||||||||
NET CASH
PROVIDED BY OPERATING ACTIVITIES |
345,813 | 4,368,029 | |||||||||
CASH FLOWS
FROM INVESTING ACTIVITIES: |
|||||||||||
Proceeds from
disposal of property and equipment |
| 19,982 | |||||||||
Purchase of
property and equipment |
(208,524 | ) | (133,678 | ) | |||||||
Purchase of
land use rights and yew forest assets |
(65,749 | ) | (5,494,788 | ) | |||||||
NET CASH USED
IN INVESTING ACTIVITIES |
(274,273 | ) | (5,608,484 | ) | |||||||
CASH FLOWS
FROM FINANCING ACTIVITIES: |
|||||||||||
Repayments to
related party |
(239,043 | ) | | ||||||||
Proceeds from
related party advances |
| 137,480 | |||||||||
Proceeds from
directors advances |
| 62,944 | |||||||||
NET CASH
(USED IN) PROVIDED BY FINANCING ACTIVITIES |
(239,043 | ) | 200,424 | ||||||||
EFFECT OF
EXCHANGE RATE ON CASH |
2,930 | (21,968 | ) | ||||||||
NET
(DECREASE) IN CASH |
(164,573 | ) | (1,061,999 | ) | |||||||
CASH
beginning of period |
732,371 | 1,850,488 | |||||||||
CASH
end of period |
$ | 567,798 | $ | 788,489 | |||||||
SUPPLEMENTAL
DISCLOSURE OF CASH FLOW INFORMATION: |
|||||||||||
Cash paid
for: |
|||||||||||
Interest
|
$ | | $ | | |||||||
Income taxes
|
$ | | $ | | |||||||
Non-cash
investing and financing activities |
|||||||||||
Common stock
issued for common stock refundable subscription |
$ | 950,000 | $ | |
Name |
Domicile and date of incorporation |
Registered capital |
Effective ownership |
Principal activities |
||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Heilongjiang
Jinshangjing Bio-Technology Development Co., Limited (JSJ) |
PRC October 29, 2009 |
USD
$100,000 |
100% |
Holding company |
||||||||||||||
Yew Bio-Pharm
Holdings Limited (Yew Bio-Pharm (HK)) |
Hong
Kong November 29, 2010 |
HK$10,000 |
100% |
Holding company of JSJ |
Name |
Domicile and date of incorporation |
Registered capital |
Effective ownership |
Principal activities | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Harbin Yew
Science and Technology Development Co., Ltd. (HDS) |
PRC August 22, 1996 |
RMB
45,000,000 |
Contractual arrangements |
Processing and selling yew raw materials used in the manufacture of TCM; growing and selling yew tree seedlings and mature trees, including
potted miniature yew trees; and manufacturing and selling furniture and handicrafts made of yew tree timber |
|
Exclusive Business Cooperation Agreement. Pursuant to the Exclusive Business Cooperation Agreement between JSJ and HDS (the Business Cooperation Agreement), JSJ has the exclusive right to provide to HDS general business operation services, including advice and strategic planning, as well as consulting services related to technology, research and development, human resources, marketing and other services deemed necessary (collectively, the Services). Under the Business Cooperation Agreement, JSJ has exclusive and proprietary rights and interests in all rights, ownership, interests and intellectual properties arising out of or created during the performance of the Business Cooperation Agreement, including but not limited to copyrights, patents, patent applications, software and trade secrets. HDS shall pay to JSJ a monthly consulting service fee (the Service Fee) in RMB that is equal to 100% of the monthly net income of HDS. Upon the prior written consent by JSJ, the rate of Service Fee may be adjusted pursuant to the operational needs of HDS. Within 30 days after the end of each month, HDS shall (a) deliver to JSJ the management accounts and operating statistics of HDS for such month, including the net income of HDS during such month (the Monthly Net Income), and (b) pay 80% of such Monthly Net Income to JSJ (each such payment, a Monthly Payment). Within ninety (90) days after the end of each fiscal year, HDS shall (a) deliver to JSJ financial statements of HDS for such fiscal year, which shall be audited and certified by an independent certified public accountant approved by JSJ, and (b) pay an amount to JSJ equal to the shortfall, if any, of the aggregate net income of HDS for such fiscal year, as shown in such audited financial statements, as compared to the aggregate amount of the Monthly Payments paid by HDS to JSJ in such fiscal year. HDS also granted an irrevocable and exclusive option to JSJ to purchase any and all of the assets of HDS, to the extent permitted under PRC law, at the lowest price permitted by PRC law. Unless earlier terminated in accordance with the provisions of the Business Cooperation Agreement or other agreements separately executed between JSJ and HDS, the Business Cooperation Agreement is for a term of ten years and expires on November 5, 2020; however, the term of the Business Cooperation Agreement may be extended if confirmed in writing by JSJ prior to the expiration of the term thereof. The period of the extended term shall be determined exclusively by JSJ and HDS |
shall accept such extended term unconditionally. Unless JSJ commits gross negligence, or a fraudulent act, against HDS, HDS shall not terminate the Business Cooperation Agreement prior to the expiration of the term, including any extended term. Notwithstanding the foregoing, JSJ shall have the right to terminate the Business Cooperation Agreement at any time upon giving 30 days prior written notice to HDS. |
|
Exclusive Option Agreement. Under an Exclusive Option Agreement among JSJ, HDS and each HDS Shareholder (individually, an Option Agreement), the terms of which are substantively identical to each other, each HDS Shareholder has granted JSJ or its designee the irrevocable and exclusive right to purchase, to the extent permitted under PRC law, all or any part of the HDS Shareholders equity interests in HDS (the Equity Interest Purchase Option) for RMB 10. If an appraisal is required by PRC laws at the time when and if JSJ exercises the Equity Interest Purchase Option, the parties shall negotiate in good faith and, based upon the appraisal, make a necessary adjustment to the purchase price so that it complies with any and all then applicable PRC laws. Without the consent of JSJ, the HDS Shareholders shall not sell, transfer, mortgage or dispose of their respective shares of HDS stock. Additionally, without the prior consent of JSJ, the HDS Shareholders shall not in any manner supplement, change or amend the articles of association and bylaws of HDS, increase or decrease its registered capital, change the structure of its registered capital in any other manner, or engage in any transactions that could materially affect HDS assets, liabilities, rights or operations, including, without limitation, the incurrence or assumption of any indebtedness except incurred in the ordinary course of business, execute any major contract over RMB 500,000, sell or purchase any assets or rights, incur of any encumbrance on any of its assets or intellectual property rights in favor of a third party or transfer of any agreements relating to its business operation to any third party. The term of each Option Agreement is ten years commencing on November 5, 2020 and may be extended at the sole election of JSJ. |
|
Equity Interest Pledge Agreement. In order to guarantee HDSs performance of its obligations under the Business Cooperation Agreement, each HDS Shareholder, JSJ and HDS entered into an Equity Interest Pledge Agreement (individually, a Pledge Agreement), the terms of which are substantially similar to each other. Pursuant to the Pledge Agreement, each HDS Shareholder pledged all of his or her equity interest in HDS to JSJ. If HDS or the HDS Shareholders breach their respective contractual obligations and such breach is not remedied to the satisfaction of JSJ within 20 days after the giving of notice of breach, JSJ, as pledgee, will be entitled to exercise certain rights, including the right to foreclose upon and sell the pledged equity interests. During the term of the Pledge Agreement, the HDS Shareholder shall not transfer his or her equity interest in HDS or place or otherwise permit any other security interest of other encumbrance to be placed on such equity interest. Upon the full payment of the Service Fee under the Business Cooperation Agreement and upon the termination of HDSs obligations thereunder, the Pledge Agreement shall be terminated. |
|
Power of Attorney. Under the Power of Attorney executed by each HDS Shareholder (each, a Power of Attorney), the terms of which are substantially similar to each other, JSJ has been granted an exclusive, irrevocable power of attorney to take actions in the place and stead of the HDS Shareholders, to act on behalf of the HDS Shareholder as his or her exclusive agent and attorney with respect to all matters concerning the HDS Shareholders equity interests in HDS, including without limitation, the right to: 1) attend shareholders meetings of HDS; 2) exercise all the HDS Shareholders rights, including voting rights under PRC laws and HDSs Articles of Association, including but not limited to the sale or transfer or pledge or disposition of the HDS Shareholders equity interests in HDS in whole or in part; and 3) designate and appoint on behalf of the HDS Shareholders the legal representative, executive director, supervisor, manager and other senior management of HDS. |
September 30, 2012 |
December 31, 2011 |
|||||||||
---|---|---|---|---|---|---|---|---|---|---|
Assets |
||||||||||
Cash
|
$ | 506,987 | $ | 479,494 | ||||||
Accounts
receivable |
530,470 | | ||||||||
Inventories
(current and long-term) |
10,603,379 | 8,218,874 | ||||||||
Prepaid
expenses and other assets |
1,595 | 283 | ||||||||
Prepaid rent
related party |
64,529 | | ||||||||
Property and
equipment, net |
735,639 | 750,779 | ||||||||
Land use
rights and yew forest assets, net |
15,034,720 | 15,166,197 | ||||||||
Total assets
of VIE |
$ | 27,477,319 | $ | 24,615,627 | ||||||
Liabilities |
||||||||||
Accounts
payable |
$ | 900,489 | $ | 1,360,611 | ||||||
Accrued
expenses and other payables |
23,163 | 73,727 | ||||||||
Taxes payable
|
8,142 | 1,049 | ||||||||
Due to VIE
holding companies |
2,058,426 | 2,164,107 | ||||||||
Due to
related parties |
6,623 | 240,159 | ||||||||
Total
liabilities of VIE |
$ | 2,996,843 | $ | 3,839,653 |
December 31, 2011 (As Previously Reported) |
Adjustments to Restate |
December 31, 2011 (As Restated) |
||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Consolidated Balance Sheet: |
||||||||||||||
Assets: |
||||||||||||||
Current Assets: |
||||||||||||||
Inventories |
$ | 8,218,874 | $ | (7,508,030 | ) | $ | 710,844 | |||||||
Total
Current Assets |
8,951,678 | (7,508,030 | ) | 1,443,648 | ||||||||||
Long-term Assets: |
||||||||||||||
Inventories, net of current portion |
| 7,508,030 | 7,508,030 | |||||||||||
Total
Assets |
$ | 24,902,097 | $ | | $ | 24,902,097 |
September 30, 2012 |
December 31, 2011 |
||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Current portion |
Long-term portion |
Total |
Current portion |
Long-term portion |
Total |
||||||||||||||||||||||
Raw materials
|
$ | 208,862 | $ | 2,727,438 | $ | 2,936,300 | $ | 29,401 | $ | 2,817,980 | $ | 2,847,381 | |||||||||||||||
Work-in-process |
18,732 | | 18,732 | 18,642 | | 18,642 | |||||||||||||||||||||
Finished
goods handicrafts |
229,740 | 631,004 | 860,744 | 236,854 | 687,258 | 924,112 | |||||||||||||||||||||
Yew seedlings
|
442,449 | 4,125,309 | 4,567,758 | 425,947 | 4,002,792 | 4,428,739 | |||||||||||||||||||||
Other trees
|
| 2,219,845 | 2,219,845 | | | | |||||||||||||||||||||
$ | 899,783 | $ | 9,703,596 | $ | 10,603,379 | $ | 710,844 | $ | 7,508,030 | $ | 8,218,874 |
September 30, 2012 |
December 31, 2011 |
|||||||||
---|---|---|---|---|---|---|---|---|---|---|
Buildings and
building improvements |
$ | 351,321 | $ | 267,015 | ||||||
Machinery and
equipment |
522,939 | 520,416 | ||||||||
Office equipment
|
46,207 | 44,841 | ||||||||
Leasehold
improvement |
53,019 | 52,763 | ||||||||
Motor vehicles
|
639,885 | 513,280 | ||||||||
1,613,371 | 1,398,315 | |||||||||
Less:
accumulated depreciation |
(775,369 | ) | (614,093 | ) | ||||||
$ | 838,002 | $ | 784,222 |
Description |
Useful life |
Acquisition date |
Expiration date |
Metric acres (Mu) |
||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Parcel
A |
Undeveloped forest land |
50 |
3/2004 |
3/2054 |
125 |
|||||||||||||||||
Parcel
B |
Undeveloped forest land |
50 |
4/2004 |
4/2054 |
400 |
|||||||||||||||||
Parcel
C |
Yew
tree forests and underlying land |
50 |
1/2008 |
1/2058 |
290 |
|||||||||||||||||
Parcel
D |
Yew
tree forests and underlying land |
45 |
3/2010 |
3/2055 |
15,865 |
|||||||||||||||||
Parcel
E |
Undeveloped forest land |
16 |
7/2012 |
3/2028 |
117.5 |
Useful life |
September 30, 2012 |
December 31, 2011 |
||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Land
and yew forest use rights |
1650 years | $ | 15,675,733 | $ | 15,546,414 | |||||||||
Less:
accumulated amortization |
(641,013 | ) | (380,217 | ) | ||||||||||
Total
|
$ | 15,034,720 | $ | 15,166,197 |
Twelve-month periods ending September 30: |
Amount |
|||||
---|---|---|---|---|---|---|
2013
|
$ | 348,056 | ||||
2014
|
348,056 | |||||
2015
|
348,056 | |||||
2016
|
348,056 | |||||
2017
|
348,056 | |||||
2018 and
thereafter |
13,294,440 | |||||
Total
|
$ | 15,034,720 |
September 30, 2012 |
December 31, 2011 |
|||||||||
---|---|---|---|---|---|---|---|---|---|---|
Accrued wage
|
$ | 19,939 | $ | 16,844 | ||||||
Accrued
professional fees |
10,000 | 75,029 | ||||||||
Other
|
20,000 | 28,028 | ||||||||
Total
|
$ | 49,939 | $ | 119,901 |
Nine Months Ended September 30, |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2012 |
2011 |
||||||||||
U.S. federal
income tax rate |
34 | % | 34 | % | |||||||
Foreign income
not recognized in the U.S. |
(34 | )% | (34 | )% | |||||||
PRC enterprise
income tax |
25 | % | 25 | % | |||||||
Tax exemption
|
(25 | )% | (25 | )% | |||||||
Total provision
for income tax |
| |
Three Months Ended September 30, |
Nine Months Ended September 30, |
||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 |
2011 |
2012 |
2011 |
||||||||||||||||
Tax exemption
effect |
$ | 255,902 | $ | 188,982 | $ | 909,548 | $ | 737,027 | |||||||||||
Basic net
income per share effect |
$ | (0.01 | ) | $ | (0.00 | ) | $ | (0.02 | ) | $ | (0.02 | ) | |||||||
Diluted net
income per share effect |
$ | (0.01 | ) | $ | (0.00 | ) | $ | (0.02 | ) | $ | (0.01 | ) |
Three Months Ended September 30, |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2012 |
2011 |
||||||||||
Net income
available to common stockholders for basic and diluted net income per share of common stock |
$ | 879,659 | $ | 712,305 | |||||||
Weighted average
common stock outstanding basic |
50,000,000 | 40,500,000 | |||||||||
Effect of
dilutive securities: |
|||||||||||
Subscribed
common shares issuable and subject to recession |
| 9,500,000 | |||||||||
Weighted average
common stock outstanding diluted |
50,000,000 | 50,000,000 | |||||||||
Net income per
common share basic |
$ | 0.02 | $ | 0.02 | |||||||
Net income per
common share diluted |
$ | 0.02 | $ | 0.01 |
Nine Months Ended September 30, |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2012 |
2011 |
||||||||||
Net income
available to common stockholders for basic and diluted net income per share of common stock |
$ | 3,359,870 | $ | 2,838,337 | |||||||
Weighted average
common stock outstanding basic |
47,052,920 | 40,500,000 | |||||||||
Effect of
dilutive securities: |
|||||||||||
Subscribed
common shares issuable and subject to recession |
2,947,080 | 9,500,000 | |||||||||
Weighted average
common stock outstanding diluted |
50,000,000 | 50,000,000 | |||||||||
Net income per
common share basic |
$ | 0.07 | $ | 0.07 | |||||||
Net income per
common share diluted |
$ | 0.07 | $ | 0.06 |
Three Months Ended September 30, |
Nine Months Ended September 30, |
||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Customer |
2012 |
2011 |
2012 |
2011 |
|||||||||||||||
A |
20 | % | 27 | % | 16 | % | 28 | % | |||||||||||
B |
32 | % | 21 | % | 12 | % | 26 | % |
Three Months Ended September 30, |
Nine Months Ended September 30, |
||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Customer |
2012 |
2011 |
2012 |
2011 | |||||||||||||||
C |
13 | % | 24 | % | 14 | % | 14 | % | |||||||||||
D |
* | 18 | % | * | * | ||||||||||||||
E |
17 | % | * | 14 | % | * | |||||||||||||
F |
* | * | 11 | % | * | ||||||||||||||
G |
* | * | 13 | % | * |
* |
Less than10% |
Company |
Ownership |
|||||
---|---|---|---|---|---|---|
Heilongjiang
Zishan Technology Stock Co., Ltd. (ZTC) |
18%
owned by Heilongjiang Hongdoushan Ecology Forest Stock Co., Ltd., 39% owned by Zhiguo Wang, Chairman and Chief Executive Officer, 31% owned by Guifang
Qi, the wife of Mr. Wang and Director of the Company, and 12% owned by third parties. |
|||||
Heilongjiang Yew
Pharmaceuticals, Co., Ltd. (Yew Pharmaceutical) |
95%
owned by Heilongjiang Hongdoushan Ecology Forest Stock Co., Ltd., and 5% owned by Madame Qi. |
|||||
Shanghai Kairun
Bio-Pharmaceutical Co., Ltd. (Kairun) |
60%
owned by Heilongjiang Zishan Technology Co., Ltd., 20% owned by Heilongjiang Hongdoushan Ecology Forest Stock Co., Ltd., and 20% owned by Mr.
Wang. |
|||||
Heilongjiang
Hongdoushan Ecology Forest Stock Co., Ltd. (HEFS) |
63%
owned by Mr. Wang, 34% owned by Madame Qi, and 3% owned by third parties. |
Three Months Ended September 30, |
Nine Months Ended September 30, |
||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of related party |
2012 |
2011 |
2012 |
2011 |
|||||||||||||||
Yew
pharmaceutical |
$ | 442,467 | $ | 251,876 | $ | 602,159 | $ | 1,169,688 | |||||||||||
Total
|
$ | 442,467 | $ | 251,876 | $ | 602,159 | $ | 1,169,688 |
Twelve-month periods ending September 30: |
||||||
---|---|---|---|---|---|---|
2013
|
$ | 32,057 | ||||
2014
|
32,057 | |||||
2015
|
29,610 | |||||
2016
|
28,015 | |||||
2017
|
28,015 | |||||
Thereafter |
468,366 | |||||
Total
|
$ | 618,120 |
Due to related party |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Name of related party |
September 30, 2012 |
December 31, 2011 |
|||||||||
Zhiguo Wang
|
$ | 54,409 | $ | 31,357 | |||||||
Yew
Pharmaceutical |
| 62,847 | |||||||||
Madame Qi
|
1,689 | | |||||||||
ZTC
|
| 172,284 | |||||||||
Total
|
$ | 56,098 | $ | 266,488 |
For the Three Months Ended September 30, |
For the Nine Months Ended September 30, |
||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 |
2011 |
2012 |
2011 |
||||||||||||||||
Revenues: |
|||||||||||||||||||
TCM raw
materials |
$ | 893,909 | $ | 859,497 | $ | 2,860,552 | $ | 2,659,234 | |||||||||||
Yew trees
|
396,416 | 322,015 | 1,853,504 | 1,665,665 | |||||||||||||||
Handicrafts
|
82,699 | 24,486 | 118,734 | 91,391 | |||||||||||||||
1,373,024 | 1,205,998 | 4,832,790 | 4,416,290 | ||||||||||||||||
Cost
of revenues: |
|||||||||||||||||||
TCM raw
materials |
158,354 | 161,226 | 446,436 | 640,843 | |||||||||||||||
Yew trees
|
21,395 | 88,380 | 320,410 | 287,681 | |||||||||||||||
Handicrafts
|
51,188 | 11,524 | 69,863 | 60,068 | |||||||||||||||
230,937 | 261,130 | 836,709 | 988,592 | ||||||||||||||||
Depreciation and amortization: |
|||||||||||||||||||
TCM raw
materials |
84,334 | 95,545 | 253,157 | 208,248 | |||||||||||||||
Yew trees
|
14,573 | 13,020 | 41,638 | 37,485 | |||||||||||||||
Handicrafts
|
7,428 | 9,538 | 23,532 | 23,824 | |||||||||||||||
Other
|
36,017 | 14,877 | 99,396 | 71,660 | |||||||||||||||
142,352 | 132,980 | 417,723 | 341,217 | ||||||||||||||||
Net
income (loss): |
|||||||||||||||||||
TCM raw
materials |
735,555 | 698,271 | 2,414,116 | 2,018,391 | |||||||||||||||
Yew trees
|
375,021 | 233,635 | 1,533,094 | 1,377,984 | |||||||||||||||
Handicrafts
|
31,511 | 12,962 | 48,871 | 31,323 | |||||||||||||||
Other
|
(262,428 | ) | (232,563 | ) | (636,211 | ) | (589,361 | ) | |||||||||||
$ | 879,659 | $ | 712,305 | $ | 3,359,870 | $ | 2,838,337 |
December 31, 2011 |
|||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCM raw materials |
Yew trees |
Handicrafts |
Other |
Total |
|||||||||||||||||||
Identifiable
long-lived assets, net |
$ | 14,880,192 | $ | 600,364 | $ | 153,686 | $ | 316,177 | $ | 15,950,419 | |||||||||||||
Expenditures for
segment assets |
$ | 5,515,590 | $ | 61,436 | $ | | $ | 130,385 | $ | 5,707,411 |
September 30, 2012 |
|||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCM raw materials |
Yew trees |
Handicrafts |
Other |
Total |
|||||||||||||||||||
Identifiable
long-lived assets, net |
$ | 14,687,708 | $ | 739,908 | $ | 130,936 | $ | 314,170 | $ | 15,872,722 | |||||||||||||
Expenditures for
segment assets |
$ | 65,749 | $ | 83,098 | $ | | $ | 125,426 | $ | 274,273 |
Year |
Annual lease amount |
Payment due date |
||||||||
---|---|---|---|---|---|---|---|---|---|---|
March
2002 to February 2012 |
RMB 25,000 |
Before December 2012 |
||||||||
March
2012 to February 2017 |
RMB 25,000 |
Before December 2017 |
||||||||
March
2017 to March 2025 |
RMB 25,000 |
Before December 2025 |
Twelve-month periods ending September 30: |
||||||
---|---|---|---|---|---|---|
2013
|
$ | 3,947 | ||||
2014
|
3,947 | |||||
2015
|
3,947 | |||||
2016
|
3,947 | |||||
2017
|
3,947 | |||||
Thereafter |
29,438 | |||||
Total
|
$ | 49,173 |
|
RMB 6,300,000 upon receipt by HDS of all related supporting documents and materials on the ownership and land use right of the property; |
|
RMB 3,700,000 on December 25, 2012; |
|
RMB 5,002,300 on or before December 25, 2013. |
|
The issuance of the Founders Option will be subject to pre-issuance approval by our shareholders as described below; |
|
Each Founders Option will be fully vested upon issuance; |
|
Each Founders Option may be exercised only upon the approval by the YBP shareholders of an amendment to YBPs Articles of Incorporation increasing the number of shares of authorized |
Common Stock and the filing of an amendment of the Articles of Incorporation with the Secretary of State of Nevada; |
|
Each Founders Option will be exercisable for a period of five years; |
|
Each Founders Option will have a per share exercise price of equal to the fair market value of a share of YBP common stock on the date of grant; and |
|
Each Founders Option will have a cashless exercise feature, pursuant to which, at the optionees election, he or she may choose to deliver previously-owned shares of YBP common stock in payment of the exercise price or not pay the exercise price of the Founders Option and receive instead a reduced number of shares of YBP common stock reflecting the value of the number of shares of YBP common stock equal to the difference, if any, between the aggregate fair market value of the shares issuable upon exercise of the Founders Option and the exercise price of the Founders Option. |
Name of Optionee |
Number of Shares Subject to Option |
|||||||||
---|---|---|---|---|---|---|---|---|---|---|
Zhioguo Wang |
20,103,475 | |||||||||
Guifang Qi |
2,488,737 | |||||||||
Xingming Han |
213,300 |
Shareholder |
Number Shares Presently Held |
Percentage of Issued Shares Presently Held |
Number Shares Held Assuming Exercise of Founders Options |
Percentage of Issued Shares Following Exercise of Founders Options |
||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Zhiguo Wang
|
20,103,475 | 40.50 | % | 40,206,950 | 55.23 | % | ||||||||||||||||
Guifang Qi
|
2,488,737 | 4.98 | % | 4,977,474 | 6.84 | % | ||||||||||||||||
Xingming Han
|
213,300 | 0.43 | % | 426,600 | 0.58 | % | ||||||||||||||||
All HDS
Shareholders as a group (3 persons) |
22,805,512 | 45.61 | % | 45,611,024 | 62.65 | % | ||||||||||||||||
All other
existing shareholders |
27,194,488 | 54.39 | % | 27,194,488 | 37.35 | % | ||||||||||||||||
Total
|
50,000,000 | 100.00 | % | 72,805,512 | 100.00 | % |
Securities
and Exchange Commission registration fee |
$ | 562.55 | ||||
Federal Taxes
|
$ | 0 | ||||
State Taxes
and Fees |
$ | 0 | ||||
Transfer
Agent Fees |
$ | 20,800.00 | ||||
Accounting
fees and expenses |
$ | 2,000.00 | ||||
Legal fees
and expense |
$ | 25,000.00 | ||||
Blue Sky fees
and expenses |
$ | 4,900.00 | ||||
Miscellaneous
|
$ | 0 | ||||
Total
|
$ | 53,262.55 |
|
any breach of the directors duty of loyalty to the corporation or its stockholders; |
|
acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law; |
|
payments of unlawful dividends or unlawful stock repurchases or redemptions; or |
|
any transaction from which the director derived an improper personal benefit. |
Exhibit No. |
Description |
|||||
---|---|---|---|---|---|---|
3.1(1) |
Articles of Incorporation of Yew Bio-Pharm Group, Inc. |
|||||
3.2(1) |
Certificate of Amendment of Articles of Incorporation of Yew Bio-Pharm Group, Inc. |
|||||
3.3(1) |
Bylaws of Yew Bio-Pharm Group, Inc. |
|||||
4.1(1) |
Equity Transfer Agreement dated February 23, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Zhiguo
Wang |
|||||
4.2(1) |
Equity Transfer Agreement dated February 23, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Guifang
Qi |
|||||
4.3(1) |
Equity Transfer Agreement dated February 23, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Xingming
Han |
Exhibit No. |
Description | |||||
---|---|---|---|---|---|---|
4.4(1) |
Equity Transfer Agreement dated February 23, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Heilongjiang
Ecology Stock Co. Ltd. |
|||||
4.5(1) |
Equity Transfer Agreement dated February 23, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Yingjun
Jiang |
|||||
4.6(1) |
Supplemental Agreement to Equity Transfer Agreement dated February 23, 2010 among Mr. Wang, Madame Qi, Mr. Han, Heilongjiang Ecology Forest
Co. Ltd. and Yingjun Jiang |
|||||
4.7(1) |
Debtors and Creditors Rights Transfer Agreement dated May 10, 2010 among Mr. Wang, Heilongjiang Ecology Stock Co. Ltd., Yingjun
Jiang and Heilongjiang Jinshangjing Bio-Technology Development Co., Limited |
|||||
4.8(1) |
Equity Transfer Agreement dated October 28, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Zhiguo
Wang |
|||||
4.9(1) |
Equity Transfer Agreement dated October 28, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Guifang
Qi |
|||||
4.10(1) |
Equity Transfer Agreement dated October 28, 2010 between Heilongjiang Jinshangjing Bio- Technology Development Co., Limited and Xingming
Han |
|||||
4.11(1) |
Supplemental Agreement to Equity Transfer Agreement dated February 16, 2011 among Heilongjiang Jinshangjing Bio-Technology Development Co.,
Limited, Zhiguo Wang, Guifang Qi and Xingming Han |
|||||
4.12(1) |
Exclusive Business Cooperation Agreement dated November 5, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and
Harbin Hongdoushan Science and Technology Development Co., Ltd. |
|||||
4.13(1) |
Exclusive Option Agreement dated November 5, 2010 among Heilongjiang Jinshangjing Bio-Technology Development Co., Limited, Harbin Hongdoushan
Science and Technology Development Co., Ltd. and Zhiguo Wang |
|||||
4.14(1) |
Exclusive Option Agreement dated November 5, 2010 among Heilongjiang Jinshangjing Bio-Technology Development Co., Limited, Harbin Hongdoushan
Science and Technology Development Co., Ltd. and Guifang Qi |
|||||
4.15(1) |
Exclusive Option Agreement dated November 5, 2010 among Heilongjiang Jinshangjing Bio-Technology Development Co., Limited, Harbin Hongdoushan
Science and Technology Development Co., Ltd. and Xingming Han |
|||||
4.16(1) |
Equity Interest Pledge Agreement dated November 5, 2010 among Heilongjiang Jinshangjing Bio-Technology Development Co., Limited, Harbin
Hongdoushan Science and Technology Development Co., Ltd. and Zhiguo Wang |
|||||
4.17(1) |
Equity Interest Pledge Agreement dated November 5, 2010 among Heilongjiang Jinshangjing Bio-Technology Development Co., Limited, Harbin
Hongdoushan Science and Technology Development Co., Ltd. and Guifang Qi |
|||||
4.18(1) |
Equity Interest Pledge Agreement dated November 5, 2010 among Heilongjiang Jinshangjing Bio-Technology Development Co., Limited, Harbin
Hongdoushan Science and Technology Development Co., Ltd. and Xingming Han |
|||||
4.19(1) |
Power of Attorney dated November 5, 2010 Zhiguo Wang |
|||||
4.20(1) |
Power of Attorney dated November 5, 2010 Guifang Qi |
|||||
4.21(1) |
Power of Attorney dated November 5, 2010 Xingming Han |
|||||
5.1** |
Opinion of SEC Law Firm |
|||||
10.1(1) |
Cooperation and Development Contract of Yew (taxus) Yinpian dated January 9, 2010 between Harbin Yew Science and Technology Development Co.,
Ltd. and Heilongjiang Yew Pharmaceutical Co., Ltd. |
Exhibit No. |
Description | |||||
---|---|---|---|---|---|---|
10.2(1) |
Technology Development Services Agreement dated January 1, 2010 between Harbin Yew Science and Technology Development Co., Ltd. and Shanghai
Kairun Bio-Pharmaceutical Co., Ltd. |
|||||
10.3(1) |
Technology Development Services Supplementary Agreement dated February 2, 2012 between Harbin Yew Science and Technology Development Co., Ltd.
and Shanghai Kairun Bio-Pharmaceutical Co., Ltd. |
|||||
10.4+(1) |
Labor Contract effective May 9, 2009 between Harbin Yew Science and Technology Development Co., Ltd. and Zhiguo Wang |
|||||
10.5+(1) |
Labor Contract effective April 9, 2009 between Harbin Yew Science and Technology Development Co., Ltd. and Xingming Han |
|||||
10.6+(1) |
Labor Contract effective April 9, 2009 between Harbin Yew Science and Technology Development Co., Ltd. and Guifang Qi |
|||||
10.7+(1) |
Engagement Agreement dated August 24, 2011 between Yew Bio-Pharm Group, Inc. and CFO On Call Asia, Inc. |
|||||
10.8(1) |
Consulting Agreement dated November 1, 2010 between Yew Bio-Pharm Group, Inc. and Richard Lo |
|||||
10.9(1) |
Joint-Stock Construct Rare Plant Northeast Yew Contract dated March 21, 2004 between Harbin Yew Science and Technology Development Co., Ltd.
and Wuchang City Forestry Bureau |
|||||
10.10(1) |
Waste Forest Land Transfer Agreement dated March 22, 2004 between Harbin Yew Science and Technology Development Co., Ltd. and Chengshan
Niu |
|||||
10.11(1) |
Barren Hills and Uncultivated Land Use Right Transfer Agreement dated April 4, 2004 between Harbin Yew Science and Technology Development Co.,
Ltd. and Pingshan Town Government |
|||||
10.12(1) |
Contract for Seedling Land dated March 25, 2005 between Harbin Yew Science and Technology Development Co., Ltd. and Heilongjiang Yew
Technology Stock Co. |
|||||
10.13(1) |
Contract for the Transfer of Forest Land Use Right and of the Ownership of Timbers dated January 18, 2008 among Harbin Yew Science and
Technology Development Co., Ltd., Shukun Jiang and Shubao Jiang |
|||||
10.14(1) |
Yew
Planting Seedlings Transfer Contract dated March 4, 2010 between Harbin Yew Science and Technology Development Co., Ltd. and Heilongjiang Pingshan Yew
Comprehensive Development Co., Ltd. |
|||||
10.15(1) |
Lease Contract dated March 20, 2002 between Harbin Yew Science and Development Technology Co., Ltd. and Heilongjiang Pingshan Yew
Comprehensive Development Co., Ltd. |
|||||
10.16(1) |
Lease Contract dated December 3, 2008 between Harbin Yew Science and Technology Development Co., Ltd. and Guifang Qi |
|||||
10.17(1) |
Lease Contract dated November 15, 2011 between Harbin Yew Science and Technology Development Co., Ltd. and Guifang Qi |
|||||
10.18(1) |
Lease Contract dated January 1, 2010 between Harbin Yew Science and Technology Development Co., Ltd. and Zhiguo Wang |
|||||
10.19+(1) |
Labor Contract effective April 10, 2012 between Harbin Yew Science and Technology Development Co., Ltd. and Xingming Han |
|||||
10.20+(1) |
Labor Contract effective April 10, 2012 between Harbin Yew Science and Technology Development Co., Ltd. and Guifang Qi |
|||||
10.21+(2) |
Labor Contract effective May 10, 2012 between Harbin Yew Science and Technology Development Co., Ltd. and Zhiguo Wang |
|||||
10.22(3) |
Forest Transfer Contract for Fuye Field, Beizhao Village, Hongxing Town, Acheng District |
|||||
21* |
List
of subsidiaries |
Exhibit No. |
Description | |||||
---|---|---|---|---|---|---|
23.1* |
Consent of Albert Wong & Co. |
|||||
23.2** |
Consent of SEC Law Firm |
|||||
24* |
Power of Attorney (included on signature page) |
+ |
Management compensatory agreement |
* |
Filed herewith |
** |
To be filed by amendment |
(1) |
Incorporated by reference from the Companys registration statement on Form 10 filed with the SEC on May 8, 2012. |
(2) |
Incorporated by reference from Amendment No. 1 to the Companys registration statement on Form 10/A filed with the SEC on June 29, 2012. |
(3) |
Incorporated by reference from the Companys Current Report on Form 8-K filed with the SEC on July 24, 2012. |
(1) |
To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement: |
i. |
To include any prospectus required by section 10(a)(3) of the Securities Act of 1933; |
ii. |
To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the Calculation of Registration Fee table in the effective registration statement. |
iii. |
To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement; |
(2) |
That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. |
(3) |
To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. |
(4) |
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the |
registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue. |
(5) |
Each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use. |
(6) |
That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities: The undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser: |
i. |
Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424; |
ii. |
Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant; |
iii. |
The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and |
iv. |
Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser. |
Yew Bio-Pharm Group, Inc. |
|||||||||||
By: |
/s/ Zhiguo Wang |
||||||||||
Zhiguo Wang Chief Executive Officer (Principal Executive Officer) |
|||||||||||
By: |
/s/ Adam Wasserman |
||||||||||
Adam Wasserman Chief Financial Officer (Principal Accounting Officer) |
Name |
Title |
Date |
|||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
/s/
Zhiguo Wang Zhiguo Wang |
Chief Executive Officer, President, Secretary and Chairman of the Board (Principal Executive Officer) |
December 7, 2012 |
|||||||||
/s/
Adam Wasserman Adam Wasserman |
Chief Financial Officer (Principal Accounting Officer) |
December 7, 2012 |
|||||||||
/s/
Guifang Qi Guifang Qi |
Treasurer Yew Bio-Pharm Group, Inc. and Director |
December 7, 2012 |
|||||||||
/s/
Xingming Han Xingming Han |
General Manager Harbin Yew Science and Technology Development Co., Ltd. and Director |
December 7, 2012 |
Exhibit No. |
Description |
|||||
---|---|---|---|---|---|---|
3.1(1) |
Articles of Incorporation of Yew Bio-Pharm Group, Inc. |
|||||
3.2(1) |
Certificate of Amendment of Articles of Incorporation of Yew Bio-Pharm Group, Inc. |
|||||
3.3(1) |
Bylaws of Yew Bio-Pharm Group, Inc. |
|||||
4.1(1) |
Equity Transfer Agreement dated February 23, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Zhiguo
Wang |
|||||
4.2(1) |
Equity Transfer Agreement dated February 23, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Guifang
Qi |
|||||
4.3(1) |
Equity Transfer Agreement dated February 23, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Xingming
Han |
|||||
4.4(1) |
Equity Transfer Agreement dated February 23, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Heilongjiang
Ecology Stock Co. Ltd. |
|||||
4.5(1) |
Equity Transfer Agreement dated February 23, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Yingjun
Jiang |
|||||
4.6(1) |
Supplemental Agreement to Equity Transfer Agreement dated February 23, 2010 among Mr. Wang, Madame Qi, Mr. Han, Heilongjiang Ecology Forest
Co. Ltd. and Yingjun Jiang |
|||||
4.7(1) |
Debtors and Creditors Rights Transfer Agreement dated May 10, 2010 among Mr. Wang, Heilongjiang Ecology Stock Co. Ltd., Yingjun
Jiang and Heilongjiang Jinshangjing Bio-Technology Development Co., Limited |
|||||
4.8(1) |
Equity Transfer Agreement dated October 28, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Zhiguo
Wang |
|||||
4.9(1) |
Equity Transfer Agreement dated October 28, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Guifang
Qi |
|||||
4.10(1) |
Equity Transfer Agreement dated October 28, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Xingming Han |
|||||
4.11(1) |
Supplemental Agreement to Equity Transfer Agreement dated February 16, 2011 among Heilongjiang Jinshangjing Bio-Technology Development Co.,
Limited, Zhiguo Wang, Guifang Qi and Xingming Han |
|||||
4.12(1) |
Exclusive Business Cooperation Agreement dated November 5, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and
Harbin Hongdoushan Science and Technology Development Co., Ltd. |
|||||
4.13(1) |
Exclusive Option Agreement dated November 5, 2010 among Heilongjiang Jinshangjing Bio-Technology Development Co., Limited, Harbin Hongdoushan
Science and Technology Development Co., Ltd. and Zhiguo Wang |
|||||
4.14(1) |
Exclusive Option Agreement dated November 5, 2010 among Heilongjiang Jinshangjing Bio-Technology Development Co., Limited, Harbin Hongdoushan
Science and Technology Development Co., Ltd. and Guifang Qi |
|||||
4.15(1) |
Exclusive Option Agreement dated November 5, 2010 among Heilongjiang Jinshangjing Bio-Technology Development Co., Limited, Harbin Hongdoushan
Science and Technology Development Co., Ltd. and Xingming Han |
|||||
4.16(1) |
Equity Interest Pledge Agreement dated November 5, 2010 among Heilongjiang Jinshangjing Bio-Technology Development Co., Limited, Harbin
Hongdoushan Science and Technology Development Co., Ltd. and Zhiguo Wang |
|||||
4.17(1) |
Equity Interest Pledge Agreement dated November 5, 2010 among Heilongjiang Jinshangjing Bio-Technology Development Co., Limited, Harbin
Hongdoushan Science and Technology Development Co., Ltd. and Guifang Qi |
Exhibit No. |
Description | |||||
---|---|---|---|---|---|---|
4.18(1) |
Equity Interest Pledge Agreement dated November 5, 2010 among Heilongjiang Jinshangjing Bio-Technology Development Co., Limited, Harbin
Hongdoushan Science and Technology Development Co., Ltd. and Xingming Han |
|||||
4.19(1) |
Power of Attorney dated November 5, 2010 Zhiguo Wang |
|||||
4.20(1) |
Power of Attorney dated November 5, 2010 Guifang Qi |
|||||
4.21(1) |
Power of Attorney dated November 5, 2010 Xingming Han |
|||||
5.1** |
Opinion of SEC Law Firm |
|||||
10.1(1) |
Cooperation and Development Contract of Yew (taxus) Yinpian dated January 9, 2010 between Harbin Yew Science and Technology Development Co.,
Ltd. and Heilongjiang Yew Pharmaceutical Co., Ltd. |
|||||
10.2(1) |
Technology Development Services Agreement dated January 1, 2010 between Harbin Yew Science and Technology Development Co., Ltd. and Shanghai
Kairun Bio-Pharmaceutical Co., Ltd. |
|||||
10.3(1) |
Technology Development Services Supplementary Agreement dated February 2, 2012 between Harbin Yew Science and Technology Development Co., Ltd.
and Shanghai Kairun Bio-Pharmaceutical Co., Ltd. |
|||||
10.4+(1) |
Labor Contract effective May 9, 2009 between Harbin Yew Science and Technology Development Co., Ltd. and Zhiguo Wang |
|||||
10.5+(1) |
Labor Contract effective April 9, 2009 between Harbin Yew Science and Technology Development Co., Ltd. and Xingming Han |
|||||
10.6+(1) |
Labor Contract effective April 9, 2009 between Harbin Yew Science and Technology Development Co., Ltd. and Guifang Qi |
|||||
10.7+(1) |
Engagement Agreement dated August 24, 2011 between Yew Bio-Pharm Group, Inc. and CFO On Call Asia, Inc. |
|||||
10.8(1) |
Consulting Agreement dated November 1, 2010 between Yew Bio-Pharm Group, Inc. and Richard Lo |
|||||
10.9(1) |
Joint-Stock Construct Rare Plant Northeast Yew Contract dated March 21, 2004 between Harbin Yew Science and Technology Development Co., Ltd.
and Wuchang City Forestry Bureau |
|||||
10.10(1) |
Waste Forest Land Transfer Agreement dated March 22, 2004 between Harbin Yew Science and Technology Development Co., Ltd. and Chengshan
Niu |
|||||
10.11(1) |
Barren Hills and Uncultivated Land Use Right Transfer Agreement dated April 4, 2004 between Harbin Yew Science and Technology Development Co.,
Ltd. and Pingshan Town Government |
|||||
10.12(1) |
Contract for Seedling Land dated March 25, 2005 between Harbin Yew Science and Technology Development Co., Ltd. and Heilongjiang Yew
Technology Stock Co. |
|||||
10.13(1) |
Contract for the Transfer of Forest Land Use Right and of the Ownership of Timbers dated January 18, 2008 among Harbin Yew Science and
Technology Development Co., Ltd., Shukun Jiang and Shubao Jiang |
|||||
10.14(1) |
Yew
Planting Seedlings Transfer Contract dated March 4, 2010 between Harbin Yew Science and Technology Development Co., Ltd. and Heilongjiang Pingshan Yew
Comprehensive Development Co., Ltd. |
|||||
10.15(1) |
Lease Contract dated March 20, 2002 between Harbin Yew Science and Development Technology Co., Ltd. and Heilongjiang Pingshan Yew
Comprehensive Development Co., Ltd. |
|||||
10.16(1) |
Lease Contract dated December 3, 2008 between Harbin Yew Science and Technology Development Co., Ltd. and Guifang Qi |
|||||
10.17(1) |
Lease Contract dated November 15, 2011 between Harbin Yew Science and Technology Development Co., Ltd. and Guifang Qi |
Exhibit No. |
Description | |||||
---|---|---|---|---|---|---|
10.18(1) |
Lease Contract dated January 1, 2010 between Harbin Yew Science and Technology Development Co., Ltd. and Zhiguo Wang |
|||||
10.19+(1) |
Labor Contract effective April 10, 2012 between Harbin Yew Science and Technology Development Co., Ltd. and Xingming Han |
|||||
10.20+(1) |
Labor Contract effective April 10, 2012 between Harbin Yew Science and Technology Development Co., Ltd. and Guifang Qi |
|||||
10.21+(2) |
Labor Contract effective May 10, 2012 between Harbin Yew Science and Technology Development Co., Ltd. and Zhiguo Wang |
|||||
10.22(3) |
Forest Transfer Contract for Fuye Field, Beizhao Village, Hongxing Town, Acheng District |
|||||
21* |
List
of subsidiaries |
|||||
23.1* |
Consent of Albert Wong & Co. |
|||||
23.2** |
Consent of SEC Law Firm |
|||||
24* |
Power of Attorney (included on signature page) |
+ |
Management compensatory agreement |
* |
Filed herewith |
** |
To be filed by amendment |
(1) |
Incorporated by reference from the Companys registration statement on Form 10 filed with the SEC on May 8, 2012. |
(2) |
Incorporated by reference from Amendment No. 1 to the Companys registration statement on Form 10/A filed with the SEC on June 29, 2012. |
(3) |
Incorporated by reference from the Companys Current Report on Form 8-K filed with the SEC on July 24, 2012. |
Entity |
Jurisdiction of Organization |
Percentage Owned |
||||||||
---|---|---|---|---|---|---|---|---|---|---|
Yew Bio-Pharm
Holdings Limited |
Hong
Kong |
100% |
||||||||
Heilongjiang
Jinshangjing Bio-Technology Development Co., Limited |
Peoples
Republic of China |
100% |
||||||||
Harbin Yew
Science and Technology Development Co., Ltd. |
Peoples
Republic of China |
Variable
interest entity |
/s/ Albert
Wong & Co. Albert Wong & Co. |
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