CUSIP
No.
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466090107
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1
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NAMES
OF REPORTING PERSONS
[I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)]
Jinglong
Group Co., Ltd.
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3
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SEC
USE ONLY
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4
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SOURCE
OF FUNDS (See Instructions)
PF
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5
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CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT
TO ITEMS 2(d) or
2(e) [ ]
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6
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CITIZENSHIP
OR PLACE OF ORGANIZATION
British
Virgin Islands
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NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
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7
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SOLE
VOTING POWER
44,007,868
ordinary shares
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8
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SHARED
VOTING POWER
Not
applicable
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9
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SOLE
DISPOSITIVE POWER
44,007,868
ordinary shares
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10
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SHARED
DISPOSITIVE POWER
Not
applicable
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11
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
44,007,868
ordinary shares
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12
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CHECK
IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See
Instructions) [ ]
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13
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
28.51%
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14
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TYPE
OF REPORTING PERSON (See Instructions)
CO
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(a)
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This
Statement is being filed by Jinglong Group Co., Ltd. (“Jinglong”).
Jinglong previously filed a Schedule 13G with the U.S. Securities and
Exchange Commission with respect to the Ordinary Shares on January 25,
2008. Jinglong is a company incorporated in British Virgin
Islands.
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Principle
Business:
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(b)
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The
address of the principal business office for Jinglong is: Jinglong
Industrial Park, Jinglong Street, Ningjin, Hebei Province 055550, People’s
Republic of China.
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(c)
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Jinglong
is an investment holding company.
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Mr. Jin Baofang (citizen of China) is the Sole Executive Director of Jinglong. His business address is Jinglong Industrial Park, Jinglong Street, Ningjin, Hebei Province 055550, People’s Republic of China. He is also the Chairman and CEO of Jinglong Industry and Commerce Group Co., Ltd. |
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(d-e)
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During
the past five years Jinglong has not (i) been convicted in a criminal
proceeding, or (ii) been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such
proceeding was or is subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation with
respect to such laws.
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(f)
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Jinglong
is incorporated in the British Virgin
Islands.
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(a)
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The
funds used by Jinglong to purchase the Ordinary Shares of the Issuer are
from Jin Baofang’s personal account. Jin Baofang is the sole director and
major shareholder of Jinglong.
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(a-b)
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As
a result of the acquisition of Ordinary Shares, Jinglong has sole power to
direct the vote and sole power to dispose or to direct the disposition of
44,007,868 Ordinary Shares, constituting 28.51% of the outstanding
Ordinary Shares of the Issuer (based on 154,355,500 outstanding Ordinary
Shares as reported in the Issuer’s Form 20-F filed May 9,
2008).
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(c)
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To
the best of Jinglong’s knowledge, neither Jinglong nor any of its
executive officer and directors has effected any transaction in the
Issuer’s Ordinary Shares during the past 60 days excepted as described in
Item 4.
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(d)
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Not
applicable.
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(e)
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Not
applicable.
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Jinglong
Group Co., Ltd.
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By:
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/s/
Jin Baofang
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Name:
Jin Baofang
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Title:
Sole Director
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