Name
and Address of Consenting Shareholder
|
Number
of Shares
Beneficially
Owned
|
Percentage
of
Total
Shares
|
||
Bin
Li
|
25,166,064
|
40.08%
|
||
1165
Rugglestone Way, Duluth, GA 30097
|
||||
Bin
Fang
|
5,500,000
|
8.76%
|
||
No.
93 West Xinsong Road, Kaifeng, Henan, China 475002
|
||||
Pinnacle
China Fund, L.P.
|
4,500,000
|
7.17%
|
||
4965
Preston Park Blvd., Suite 240, Plano, TX 75093-5170
|
||||
The
Pinnacle Fund, L.P.
|
4,500,000
|
7.17%
|
||
4965
Preston Park Blvd., Suite 240, Plano, TX 75093-5170
|
||||
Total
|
39,666,064
|
63.18%
|
||
·
|
each
Shareholder known by the Company to be the beneficial owner of more than
5% of the Company’s outstanding securities prior to and after the closing
of such transactions;
|
·
|
each
current director of the Company prior to and following the closing of such
transactions;
|
·
|
each
of the named executive officers of the Company during the Company’s last
fiscal year; and
|
·
|
all
current directors and executive officers as a group prior to and following
the closing of such transactions.
|
Name
and Address
|
Number
of Shares
Beneficially Owned (1)
|
Percent
of
Total Shares(3)
|
||
Before
Reverse
Split
|
After Reverse Split(2)
|
|||
Bin
Li
|
25,166,064
|
12,583,032
|
40.08%
|
|
1165
Rugglestone Way, Duluth, GA 30097
|
||||
Bin
Fang
|
5,500,000
|
2,750,000
|
8.76%
|
|
No.
93 West Xinsong Road, Kaifeng, Henan, China 475002
|
||||
Pinnacle
China Fund, L.P.
|
4,500,000
|
2,250,000
|
7.17%
|
|
4965
Preston Park Blvd., Suite 240, Plano, TX 75093-5170
|
||||
The
Pinnacle Fund, L.P.
|
4,500,000
|
2,250,000
|
7.17%
|
|
4965
Preston Park Blvd., Suite 240, Plano, TX 75093-5170
|
||||
Siping
Fang
|
0
|
0
|
0%
|
|
Peter
Li
|
0
|
0
|
0%
|
|
William
Haus
|
0
|
0
|
0%
|
|
Renrui
Tang
|
0
|
0
|
|
0%
|
Jing
Chen
|
0
|
0
|
0%
|
|
Jianxing
Li
|
0
|
0
|
|
0%
|
Qizhong
Xiang
|
0
|
0
|
|
0%
|
Binjie
Fang
|
0
|
0
|
0%
|
|
Zengbiao
Yu
|
0
|
0
|
|
0%
|
All
officers and directors as a group (5 persons named above)(4)
|
0
|
0
|
0%
|
(1)
|
Beneficial
Ownership is determined in accordance with the rules of the SEC and
generally includes voting or investment power with respect to
securities. Each of the beneficial owners listed above has
direct ownership of and sole voting power and investment power with
respect to the shares of the Company’s
stock.
|
(2)
|
Upon
effectuation of the Reverse Split, each two issued and outstanding shares
of Common Stock will automatically become one share of Common
Stock.
|
(3)
|
Percentage
of Total Shares represents total ownership with respect to all shares of
our Common Stock as a single class. Assumes
62,787,401 shares of common stock issued and outstanding as of the
Record Date and 31,393,701 issued and outstanding after the Effective
Date.
|
(4)
|
Siping
Fang is our President and Chief Executive Officer and the Chairman of our
Board of Directors, Peter Li, William Haus and Zengbiao Yu are members of
our Board of Directors, Binjie Fang is our Director and Chief Operating
Officer, Jianxing Li was our Chief Financial Officer from March 29, 2008
to September 19, 2008, Jing Chen was our Chief Financial Officer from
September 19, 2008 to February 1, 2009, Renrui Tang was our Chief
Financial Officer from December 18, 2007 to March 29, 2008 and is our
Chief Financial Officer since February 1, 2009, Qizhong Xiang is our Chief
Technology Officer.
|
Siping
Fang, Chairman
|
William
Haus, Director
|
Peter
Li, Director
|
Binjie
Fang, Director
|
Zengbiao
Yu,
Director
|