www.sec.gov/Archives/edgar/data/1128252/0001144204-04-0 -
[Cached Version]
Published on: 4/20/2004
Last Visited: 7/27/2004
Kit Tsui 40 Chief Executive Officer, 2003 Chairman of the Board Weijiang Yu
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(1) Mr. Yu retired in January 2004, and Ms. Hongyan Sun has been appointed as President and Director until her successor is elected and qualified or until her earlier resignation or removal.
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MR. WEIJIANG YU served as President and Director to the Company from February 2003 to February 2004.Prior to the reverse merger, Mr. Yu served as the deputy General Manager of Wonderland since January 1999.He was the General Manager of Shenzhen Yixiang Chemical Engineering Company in Hubei, China.Mr. Yu resigned as the Company's President on February 2004 on a voluntary basis, and without disagreement with the Company.
MS. HONGYAN SUN has served as President to the Company since February 2004.Ms. Sun was concurrently appointed as a Director in February 2004, upon the resignation of Mr. Yu, and will serve as a Director until her successor is elected and qualified or until her earlier resignation or removal.Ms. Sun has served as the Executive Director (an appointed officer of the Company) since December 2003.From May 2003 to November 2003, Ms. Sun served as the Director of the Company, Resident Mission in China (an appointed officer position).From February 2001 to April 2003, she served as both Assistant of Investment Management Center and Director (an appointed officer position) of the President's Office of Shenzhen Kexuntong Industrial Co., Ltd., both of which are currently affiliates of the Company.
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Mr. Weijiang Yu is Mr. Zhiyong Xu's brother-in-law.
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Ms. Yu, the Company's Chief Financial Officer and Treasurer serves as the Company's financial expert regarding US generally accepted accounting principals and general application of such principles in connection with the accounting for estimates, accruals and reserves, including an understanding of internal control procedures and policies over financial reporting, and with maintains sufficient experience preparing auditing, analyzing or evaluating financial statements in such depth and breadth as may be required of an audit committee financial expert.However, Ms. Yu is not an elected Director of the Company and, accordingly, is precluded from membership on the Company's audit committee.
The Company has undergone a significant change in management since the consummation of the Broad Faith Exchange Agreement.According to the Company's by-laws, the Board of Directors was restricted to three.
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Mr. Weijiang Yu filed Forms 4 late for a transaction dated April 30, 2003, and a second transaction dated May 13, 2003.