High insider ownership
The CEO alone owns more than 21% of the O/S.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
As of May 23, 2005, our authorized capitalization consisted of 50,000,000 shares
of common stock, par value $.001 per share. As of May 23, 2005, there were
39,720,189 shares of our common stock outstanding, all of which were fully paid,
non-assessable and entitled to vote. Each share of our common stock entitles its
holder to one vote on each matter submitted to the shareholder.
The following table sets forth, as of May 23, 2005, the number of shares of our
common stock owned by (i) each person who is known by us to own of record or
beneficially five percent (5%) or more of our outstanding shares, (ii) each of
our directors, (iii) each of our executive officers and (iv) all of our
directors and executive officers as a group. Unless otherwise indicated, each of
the persons listed below has sole voting and investment power with respect to
the shares of our common stock beneficially owned.
NAME OF PERCENTAGE OF
OWNER (1) NUMBER OF SHARES BENEFICIAL
BENEFICIALLY BENEFICIALLY OWNED(2) SHARES OWNED
----------------------- --------------------- -------------
To-Hon Lam (4) 8,450,000 21.27%
Bok Wong (5) 8,300,000 20.90%
Chris C. Chen (6) 1,500,000 3.78%
Chao Kuan` 331,300 *
Clarence Wu 0 - - -
Sam Wu 0 - - -
General Resources Co. (6) 1,500,000 3.78%
Pei-Pei Lee 6,000,000 15.10%
Sharp Idea Securities Co., Ltd. (7)
Office B, 8th Floor, Wu Yi
Central, 50 Bazaar, Causeway Bay,
Hong Kong 2,434,667 6.13%
All officers and directors as a group
(5 persons) 18,581,300 46.78%
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