Nevada
|
87-0618756
|
|
(State
or other jurisdiction of
Incorporation
or organization)
|
(IRS
Employer Identification No.)
|
PART
I
|
3
|
|||
ITEM
1.
|
Business
|
3
|
||
ITEM
1A.
|
Risk
Factors
|
5
|
||
ITEM
1B.
|
Unresolved
Staff Comments
|
5
|
||
ITEM
2.
|
Properties
|
5
|
||
ITEM
3.
|
Legal
Proceedings
|
5
|
||
ITEM
4.
|
Submission
of Matters to a Vote of Security Holders
|
5
|
||
PART
II
|
5
|
|||
ITEM
5.
|
Market
for Registrant’s Common Equity, Related Stockholder Matters and
Issuer
Purchases of Equity Securities
|
5
|
||
ITEM
6.
|
Selected
Financial Data
|
6
|
||
ITEM
7.
|
Management's
Discussion and Analysis of Financial Condition and Results of
Operations
|
6
|
||
ITEM
7A.
|
Quantitative
and Qualitative Disclosures About Market Risk
|
8
|
||
ITEM
8.
|
Financial
Statements and Supplementary Data
|
9
|
||
ITEM
9.
|
Changes
In and Disagreements with Accountants on Accounting and Financial
Disclosure
|
10
|
||
ITEM
9A.
|
Controls
and Procedures
|
10
|
||
ITEM
9A(T)
|
Controls
and Procedures
|
10
|
||
ITEM
9B.
|
Other
Information
|
10
|
||
PART
III
|
11
|
|||
ITEM
10.
|
Directors
and Executive Officers of the Registrant
|
11
|
||
ITEM
11.
|
Executive
Compensation
|
12
|
||
ITEM
12.
|
Security
Ownership of Certain Beneficial Owners and Management and Related
Stockholder Matters
|
13
|
||
ITEM
13.
|
Certain
Relationships and Related Transactions
|
14
|
||
ITEM
14.
|
Principal
Accountant Fees and Services
|
14
|
||
PART
IV
|
15
|
|||
ITEM
15
|
Exhibits,
Financial Statement Schedules
|
15
|
||
SIGNATURES
|
15
|
High
|
Low
|
|||||||
Fiscal
2009
|
||||||||
First
Quarter
|
$ | 0.04 | $ | 0.03 | ||||
Second
Quarter
|
$ | 0.09 | $ | 0.03 | ||||
Third
Quarter
|
$ | 0.08 | $ | 0.03 | ||||
Fourth
Quarter
|
$ | 0.04 | $ | 0.03 | ||||
Fiscal
2008
|
||||||||
First
Quarter
|
$ | 0.35 | $ | 0.17 | ||||
Second
Quarter
|
$ | 0.30 | $ | 0.15 | ||||
Third
Quarter
|
$ | 0.22 | $ | 0.09 | ||||
Fourth
Quarter
|
$ | 0.20 | $ | 0.03 |
Years
ended December 31,
|
||||||||||||
2007
|
2008
|
2009
|
||||||||||
Revenue
|
$ | 2,241,726 | $ | 401,190 | $ | - | ||||||
Cost
of sales
|
- | - | - | |||||||||
Gross
profit
|
2,241,726 | 401,190 | - | |||||||||
Depreciation
and amortization
|
(6,000,306 | ) | (602,124 | ) | (3,154 | ) | ||||||
Impairment
loss on long-lived assets
|
- | (14,481,991 | ) | - | ||||||||
Selling
and distribution expenses
|
- | - | - | |||||||||
General
and administrative expenses
|
(468,665 | ) | (1,139,336 | ) | (350,960 | ) | ||||||
Other
income
|
592,696 | 19,058 | - | |||||||||
Interest
expense
|
- | (240,497 | ) | (1 | ) | |||||||
Income
(loss) before income tax
|
(3,634,549 | ) | (16,043,700 | ) | (354,115 | ) | ||||||
Income
tax expense
|
- | - | - | |||||||||
Net
income (loss) attributable to the Shareholders of the
Company
|
$ | (3,634,549 | ) | $ | (16,043,700 | ) | $ | (354,115 | ) | |||
Earnings
(loss) per Share — basic (US$)
|
$ | (0.10 | ) | $ | (0.42 | ) | $ | (0.01 | ) | |||
Earnings
(loss) per Share — diluted (US$)
|
$ | (0.10 | ) | $ | (0.42 | ) | $ | (0.01 | ) |
As
of December 31,
|
||||||||||||
2007
|
2008
|
2009
|
||||||||||
Cash
and cash equivalents
|
$
|
3,597
|
$
|
11,553
|
$
|
7,548
|
||||||
Total
current assets
|
30,233 | 84,422 | 80,398 | |||||||||
Total
assets
|
14,098,908 | 822,281 | 815,136 | |||||||||
Short-term
borrowings
|
- | - | - | |||||||||
Total
current liabilities
|
2,037,491 | 4,443,968 | 4,791,956 | |||||||||
Total
stockholders’ equity (deficit)
|
12,061,417 | (3,621,687 | ) | (3,976,820 | ) |
Year
ended
December
31, 2009
|
Year
ended
December
31, 2008
|
|||||||
Total general and administrative
expenses
|
$ | 354,114 | $ | 1,741,460 | ||||
Less: non-cash
items
|
(3,154 | ) | (689,423 | ) | ||||
$ | 350,960 | $ | 1,052,037 |
Year
ended
December
31, 2009
|
Year
ended
December
31, 2008
|
|||||||
Amortization
of intangible assets
|
$ | - | $ | 598,562 | ||||
Depreciation
|
3,154 | 3,562 | ||||||
Write-off
of obsolete inventories
|
- | 87,299 | ||||||
$ | 3,154 | $ | 689,423 |
Year
ended
December
31, 2009
|
Year
ended
December
31, 2008
|
|||||||
Interest
income
|
$ | - | $ | 20,727 | ||||
Interest
expense
|
$ | 1 | $ | 240,497 | ||||
Loss
on disposal of plant and equipment
|
- | 1,669 | ||||||
$ | 1 | $ | 242,166 |
Page
|
||
Report
of Independent Registered Public Accounting Firm
|
F-1
|
|
Consolidated
Balance Sheets
|
F-2
|
|
Consolidated
Statements of Operations And Comprehensive Loss
|
F-3
|
|
Consolidated
Statements of Cash Flows
|
F-4
|
|
Consolidated
Statements of Stockholders’ Deficit
|
F-5
|
|
Notes
to Consolidated Financial Statements
|
F-6
– F-15
|
9
FLOOR, CHINACHEM HOLLYWOOD CENTRE, 1-13 HOLLYWOOD ROAD, CENTRAL, HONG
KONG
|
|
Phone:
(852) 2573 2296 Fax: (852) 2384
2022
|
http://www.zycpa.us
|
As
of December 31,
|
||||||||
2009
|
2008
|
|||||||
ASSETS
|
||||||||
Current
assets:
|
||||||||
Cash
and cash equivalents
|
$ | 7,548 | $ | 11,553 | ||||
Prepayments
and other receivables
|
72,850 | 72,869 | ||||||
Total
current assets
|
80,398 | 84,422 | ||||||
Non-current
assets:
|
||||||||
Plant
and equipment, net
|
734,738 | 737,859 | ||||||
TOTAL
ASSETS
|
$ | 815,136 | $ | 822,281 | ||||
LIABILITIES
AND STOCKHOLDERS’ DEFICIT
|
||||||||
Current
liabilities:
|
||||||||
Accounts
payable
|
$ | 80,696 | $ | 80,692 | ||||
Amount
due to a related party
|
4,448,351 | 4,152,410 | ||||||
Other
payables and accrued liabilities
|
262,909 | 210,866 | ||||||
Total
current liabilities
|
4,791,956 | 4,443,968 | ||||||
Commitments
and contingencies
|
||||||||
Stockholders’
deficit:
|
||||||||
Common
stock, $0.001 par value; 50,000,000 shares authorized; 37,898,251 shares
issued and outstanding as of December 31, 2009 and 2008
|
37,898 | 37,898 | ||||||
Additional
paid-in capital
|
6,901,232 | 6,901,232 | ||||||
Accumulated
other comprehensive income
|
531,230 | 532,248 | ||||||
Accumulated
deficit
|
(11,447,180 | ) | (11,093,065 | ) | ||||
Total
stockholders’ deficit
|
(3,976,820 | ) | (3,621,687 | ) | ||||
TOTAL
LIABILITIES AND STOCKHOLDERS’ DEFICIT
|
$ | 815,136 | $ | 822,281 |
Years
ended December 31,
|
||||||||
2009
|
2008
|
|||||||
Revenues,
net
|
$ | - | $ | 401,190 | ||||
Cost
of revenue
|
- | - | ||||||
Gross
profit
|
- | 401,190 | ||||||
Operating
expenses:
|
||||||||
Impairment
loss on long-lived assets
|
- | 14,481,991 | ||||||
General
and administrative
|
354,114 | 1,741,460 | ||||||
Total
operating expenses
|
354,114 | 16,223,451 | ||||||
LOSS
FROM OPERATIONS
|
(354,114 | ) | (15,822,261 | ) | ||||
Other
income (expense):
|
||||||||
Interest
expense
|
(1 | ) | (240,497 | ) | ||||
Interest
income
|
- | 20,727 | ||||||
Loss
on disposal of plant and equipment
|
- | (1,669 | ) | |||||
LOSS
BEFORE INCOME TAXES
|
(354,115 | ) | (16,043,700 | ) | ||||
Income
tax expense
|
- | - | ||||||
NET
LOSS
|
$ | (354,115 | ) | $ | (16,043,700 | ) | ||
Other
comprehensive (loss) income:
|
||||||||
Foreign
currency translation (loss) gain
|
(1,018 | ) | 360,596 | |||||
COMPREHENSIVE
LOSS
|
$ | (355,133 | ) | $ | (15,683,104 | ) | ||
Net
loss per share – Basic and diluted
|
$ | (0.01 | ) | $ | (0.42 | ) | ||
Weighted
average shares outstanding – Basic and diluted
|
37,898,251 | 37,898,251 |
Years
ended December 31,
|
||||||||
2009
|
2008
|
|||||||
Cash
flows from operating activities:
|
||||||||
Net
loss
|
$ | (354,115 | ) | $ | (16,043,700 | ) | ||
Adjustments
to reconcile net loss to net cash used in operating
activities:
|
||||||||
Depreciation
|
3,154 | 3,562 | ||||||
Amortization
of intangible assets
|
- | 598,562 | ||||||
Impairment
of long-lived assets
|
- | 14,481,991 | ||||||
Write-off
of obsolete inventories
|
- | 87,299 | ||||||
Loss
on disposal of plant and equipment
|
- | 1,669 | ||||||
Change
in operating assets and liabilities:
|
||||||||
Inventories
|
- | (87,299 | ) | |||||
Prepayments
and other receivables
|
- | (46,233 | ) | |||||
Accounts
payable, trade
|
- | 80,692 | ||||||
Other
payables and accrued liabilities
|
52,043 | 13,169 | ||||||
Net
cash used in operating activities
|
(298,918 | ) | (910,288 | ) | ||||
Cash
flows from investing activities:
|
||||||||
Payment
on proceeds from disposal of subsidiaries
|
- | (2,382 | ) | |||||
Payment
on plant and equipment
|
- | (258,982 | ) | |||||
Payment
on land use rights
|
- | (185,402 | ) | |||||
Net
cash used in investing activities
|
- | (446,766 | ) | |||||
Cash
flows from financing activities:
|
||||||||
Advances
from a related party
|
295,941 | 836,052 | ||||||
Proceeds
from short-term borrowings
|
- | 6,080,032 | ||||||
Repayment
of short-term borrowings
|
- | (6,080,032 | ) | |||||
Net
cash provided by financing activities
|
295,941 | 836,052 | ||||||
Effect
of exchange rate changes on cash and cash equivalents
|
(1,028 | ) | 528,958 | |||||
Net
change in cash and cash equivalents
|
(4,005 | ) | 7,956 | |||||
CASH
AND CASH EQUIVALENT, BEGINNING OF YEAR
|
11,553 | 3,957 | ||||||
CASH
AND CASH EQUIVALENT, END OF YEAR
|
$ | 7,548 | $ | 11,553 | ||||
SUPPLEMENTAL
DISCLOSURE OF CASH FLOW INFORMATION:
|
||||||||
Cash
paid for income taxes
|
$ | - | $ | - | ||||
Cash
paid for interest
|
$ | 1 | $ | 240,497 | ||||
NON-CASH
INVESTING AND FINANCING ACTIVITIES:
|
||||||||
Settlement
of amount due to related party with proceeds from disposal of
subsidiaries
|
$ | - | $ | 5,617,101 |
Common
stock
|
Additional
|
Accumulated
other
comprehensive
|
Retained earnings
(accumulated
|
Total
stockholders’
|
||||||||||||||||||||
No.
of shares
|
Amount
|
paid-in
capital
|
(loss)
income
|
deficit)
|
equity
(deficit)
|
|||||||||||||||||||
Balance
as of January 1, 2008
|
37,898,251 | $ | 37,898 | $ | 6,901,232 | $ | 171,652 | $ | 4,950,635 | $ | 12,061,417 | |||||||||||||
Net
loss for the year
|
- | - | - | - | (16,043,700 | ) | (16,043,700 | ) | ||||||||||||||||
Foreign
currency translation adjustment
|
- | - | - | 360,596 | - | 360,596 | ||||||||||||||||||
Balance
as of December 31, 2008
|
37,898,251 | 37,898 | 6,901,232 | 532,248 | (11,093,065 | ) | (3,621,687 | ) | ||||||||||||||||
Net
loss for the year
|
- | - | - | - | (354,115 | ) | (354,115 | ) | ||||||||||||||||
Foreign
currency translation adjustment
|
- | - | - | (1,018 | ) | - | (1,018 | ) | ||||||||||||||||
Balance
as of December 31, 2009
|
37,898,251 | $ | 37,898 | $ | 6,901,232 | $ | 531,230 | $ | (11,447,180 | ) | $ | (3,976,820 | ) |
1.
|
ORGANIZATION
AND BUSINESS BACKGROUND
|
Name
of company
|
Place
and date of
incorporation
|
Issued
and fully
paid
capital
|
Principal
activities
|
|||
|
||||||
Innocom
Technology Holdings Limited (“ITHL”)
|
British
Virgin Islands
July
12, 2005
|
1
issued share of US$1 each
|
Investment
holding
|
|||
|
|
|
||||
Sky
Talent Development Limited (“STDL”)
|
British
Virgin Islands
September
8, 2005
|
1
issued share of US$1 each
|
Investment
holding
|
|||
|
|
|
||||
Innocom
Mobile Technology Limited (“IMTL”)
|
Hong
Kong
June
21, 2006
|
2,000,000
issued share of HK$1 each
|
Inactive
|
|||
|
|
|
||||
Pender
Holdings Ltd. (“Pender”)
|
British
Virgin Islands
August
15, 2003
|
1
issued share of US$1 each
|
Trading
of mobile phone handsets and components
|
|||
|
|
|
||||
Favor
Will International Ltd. (“FWIL”)
|
British
Virgin Islands
July
11, 2007
|
1
issued share of US$1 each
|
Investment
holding
|
|||
|
|
|
||||
Changzhou
Innocom Communication Technology Limited (“CICTL”)
|
The
PRC
January
19, 2007
|
RMB50,000,000
|
Manufacture
of mobile phone handsets and
components
|
2.
|
GOING
CONCERN UNCERTAINTIES
|
3.
|
SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES
|
l
|
Basis
of consolidation
|
l
|
Use
of estimates
|
l
|
Revenue
recognition
|
l
|
Cash
and cash equivalents
|
l
|
Intangible
assets
|
l
|
Land
use right
|
l
|
Plant
and equipment, net
|
Depreciable
life
|
Residual
value
|
||
Plant
and machinery
|
5-10
years
|
5%
|
|
Furniture,
fixtures and office equipment
|
5
years
|
5%
|
|
Leasehold
improvement
|
2
years
|
0%
|
l
|
Valuation
of long-lived assets
|
l
|
Comprehensive
(loss) income
|
l
|
Income
taxes
|
l
|
Net
loss per share
|
l
|
Foreign
currencies translation
|
2009
|
2008
|
|||||||
Year-end
RMB:US$1 exchange rate
|
6.8187 | 6.8175 | ||||||
Annual
average RMB:US$1 exchange rate
|
6.8212 | 6.9985 | ||||||
Year-end
HK$:US$1 exchange rate
|
7.7551 | 7.7507 | ||||||
Annual
average HK$:US$1 exchange rate
|
7.7522 | 7.7874 |
l
|
Related
parties
|
l
|
Fair
value measurement
|
l
|
Financial
instruments
|
l
|
Recent
accounting pronouncements
|
4.
|
DISCONTINUED
OPERATIONS
|
5.
|
PLANT
AND EQUIPMENT
|
As
of December 31,
|
||||||||
2009
|
2008
|
|||||||
Plant
and machinery
|
$ | 7,327,707 | $ | 7,327,707 | ||||
Furniture,
fixtures and office equipment
|
6,190 | 6,190 | ||||||
Leasehold
improvement
|
6,301 | 6,301 | ||||||
Foreign
translation difference
|
326 | 8 | ||||||
7,340,524 | 7,340,206 | |||||||
Less:
accumulated depreciation
|
(3,142 | ) | (3,142 | ) | ||||
Less:
impairment loss
|
(6,428,310 | ) | (6,428,310 | ) | ||||
Less:
foreign translation difference
|
(174,334 | ) | (170,895 | ) | ||||
Plant
and equipment, net
|
$ | 734,738 | $ | 737,859 |
6.
|
AMOUNT
DUE TO A RELATED PARTY
|
7.
|
INCOME
TAXES
|
Years
ended December 31,
|
||||||||
2009
|
2008
|
|||||||
Loss
before income taxes
|
$ | (345,486 | ) | $ | (418,872 | ) | ||
Statutory
income tax rate
|
16.5 | % | 16.5 | % | ||||
Income
tax impact at Hong Kong Profits Tax statutory rate
|
(57,005 | ) | (69,114 | ) | ||||
Non-taxable
interest income
|
- | (1 | ) | |||||
Net
operating loss
|
57,005 | 69,115 | ||||||
Income
tax expense
|
$ | - | $ | - |
As
of December 31,
|
||||||||
2009
|
2008
|
|||||||
Deferred
tax assets:
|
||||||||
Net
operating loss carryforward
|
||||||||
–
United States of America
|
$ | 2,164,316 | $ | 2,163,964 | ||||
–
Hong Kong
|
166,928 | 108,682 | ||||||
–
The PRC
|
461,715 | 461,715 | ||||||
Total
deferred tax assets
|
2,792,959 | 2,734,361 | ||||||
Less:
valuation allowance
|
(2,792,959 | ) | (2,734,361 | ) | ||||
Net
deferred tax assets
|
$ | - | $ | - |
8.
|
NET
LOSS PER SHARE
|
Years
ended December 31,
|
||||||||
2009
|
2008
|
|||||||
Basic
and diluted net loss per share calculation:
|
||||||||
Numerator:
|
||||||||
Net
loss in computing basic net loss per share
|
$ | (354,115 | ) | $ | (16,043,700 | ) | ||
Denominator:
|
||||||||
Weighted
average shares outstanding
|
37,898,251 | 37,898,251 | ||||||
Basic
and diluted net loss per share
|
$ | (0.01 | ) | $ | (0.42 | ) |
9.
|
PENSION
PLANS
|
10.
|
CONCENTRATIONS
OF RISK
|
11.
|
COMMITMENTS
AND CONTINGENCIES
|
(a)
|
Evaluation
of Disclosure Controls and
Procedures
|
(b)
|
Management’s
Report on Internal Control Over Financial
Reporting
|
·
|
pertain
to the maintenance of records that, in reasonable detail, accurately and
fairly reflect the transactions and dispositions of the assets of the
Company;
|
·
|
provide
reasonable assurance that transactions are recorded as necessary to permit
preparation of financial statements in accordance with generally accepted
accounting principles, and that receipts and expenditures of the Company
are being made only in accordance with management authorization,
and
|
·
|
provide
reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use or disposition of the Company’s assets that
could have a material effect on the financial
statements.
|
(c)
|
Changes in Internal
Controls
|
Name
|
Age
|
Position
|
Since
|
|||
Hui
Yan Sui, William
|
44
|
Chairman
and Chief Executive Officer
|
2006
|
|||
Tang
Chin Pang, Eric
|
48
|
Executive
Director
|
2006
|
|||
Tan
Ah Mee
|
63
|
Non-executive
Director
|
2006
|
|||
Lau
Yiu Nam, Eric
|
50
|
Non-executive
Director
|
2006
|
|||
Qian
Jian Yu, Mike
|
46
|
Non-executive
Director
|
2007
|
|||
Cheung
Wai Hung, Eddie
|
55
|
Chief
Financial Controller
|
2007
|
Name
and Principal Position
|
|
Year
|
|
Salary
($)
|
|
Bonus
($)
|
|
Stock
Awards
($)
|
|
All
Other
Compensation
($)
|
|
Total
($)
|
Hui
Yan Sui, William
Chief
Executive Officer; Director
|
|
2009
|
|
-
|
|
-
|
|
-
|
|
-
|
|
-
|
Tang
Chin Pang, Eric
Executive
Director
|
|
2009
|
|
-
|
|
-
|
|
-
|
|
-
|
|
-
|
Cheung
Wai Hung, Eddie
Chief
Financial Officer
|
|
2009
|
|
53,846
|
|
-
|
|
-
|
|
-
|
|
53,846
|
Amount
|
||||||||||
And
|
Percentage
|
|||||||||
Nature
of
|
of
Class
|
|||||||||
Beneficial
|
Beneficially
|
|||||||||
Beneficial Owner (including
address)
|
Title
of class
|
Ownership
(1)
|
Total
|
Owned
|
||||||
Hui
Yan Siu William (2)
|
Common
|
23,107,430
|
D
|
23,107,430
|
60.97
|
%
|
||||
Cheung
Wai Hung, Eddie (2)
|
Common
|
-0-
|
-0-
|
-0-
|
%
|
|||||
Tang
Chin Pang, Eric (2)
|
Common
|
-0-
|
-0-
|
-0-
|
%
|
|||||
Dr.
Tan Ah Mee (2)
|
Common
|
-0-
|
-0-
|
-0-
|
%
|
|||||
Lau
Yiu Nam, Eric (2)
|
Common
|
-0-
|
-0-
|
-0-
|
%
|
|||||
Qian
Jian Yu, Mike (2)
|
Common
|
-0-
|
-0-
|
-0-
|
%
|
|||||
Total
|
Common
|
23,107,430
|
23,107,430
|
60.97
|
%
|
(1)
|
–
(D) stands for direct ownership; (I) stands for indirect
ownership
|
(2)
|
All
officers and directors use the Company’s address, Suite 901, Sun Hung Kai
Centre, 30 Harbour Road, Wanchai, Hong Kong,
PRC.
|
Service
|
2009
|
2008
|
||||||
Audit
Fees
|
$ | 11,538 | $ | 55,000 | ||||
Audit
Related Fees
|
- | |||||||
Tax
Fees
|
- | |||||||
All
Other Fees
|
- | |||||||
TOTAL
|
$ | 11,538 | $ | 55,000 |
3.1
|
Articles
of Incoporation (Filed with the Commission on January 29, 2003 as Exhibit
1 to the Form 10-SB.)
|
3.2
|
Bylaws
(Filed with the Commission on January 29, 2003 as Exhibit 2 to the Form
10-SB.)
|
21
|
Subsidiaries
List (filed herewith)
|
24
|
Power
of Attorney (filed herewith) (see signature
page)
|
31.1
|
Certification
of Chief Executive Officer pursuant to 13a-14 and 15d-14 of the Exchange
Act (filed herewith)
|
31.2
|
Certification
of Chief Financial Officer pursuant to 13a-14 and 15d-14 of the Exchange
Act (filed herewith)
|
32.1
|
Certificate
pursuant to 18 U.S.C. ss. 1350 for Hui Yan Siu, William, Chief Executive
Officer (filed herewith)
|
Certificate
pursuant to 18 U.S.C. ss. 1350 for Cheung Wai Hung, Eddie, Chief Financial
Officer (filed herewith)
|
INNOCOM
TECHNOLOGY HOLDINGS, INC.
|
|||
|
|
/s/ William Yan Sui Hui | |
Dated:
April 15, 2010
|
William Yan Sui Hui, Chief Executive Officer | ||
(Principal executive officer) |
|
|
/s/ Cheung Wai Hung Eddie | |
Dated:
April 15, 2010
|
Cheung Wai Hung, Eddie, Chief Financial Officer | ||
(Principal financial officer) |
/s/
Yan Sui Hui William
|
/s/
Tang Chin Pang Eric
|
|||
Yan
Sui Hui, William Director
|
Tang
Chin Pang, Eric, Director
|
|||
Dated:
April 15, 2010
|
Dated:
April 15, 2010
|