Nevada | 0100 | 26-1579105 | ||||||||
(State or other jurisdiction of incorporation) | (Primary Standard Industrial Classification Code Number) | (I.R.S. Employer Identification Number) |
Large accelerated filer o | Accelerated filer o | |||||
Non-accelerated filer o (Do not check if a smaller reporting company) | Smaller reporting company |
Title of Each Class Of Securities to be Registered | | Amount to be Registered(1) | | Proposed Maximum Offering Price per Share (2) | | Proposed Maximum Aggregate Offering Price | | Amount of Registration Fee | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Common stock, par value $0.001 per share | 16,500,000 | $0.25 | $ | 4,125,000 | $ | 562.65 |
Calculation of Registration Fee | |||||||||||
Title of Each Class Of Securities to be Registered | Amount to be Registered(1) | Proposed Maximum Offering Price per Share (2) | Proposed Maximum Aggregate Offering Price(2) | Amount of Registration Fee(2) | |||||||
Common stock, par value $0.001 per share | 29,984,210 | $ | 0.20 | $ | 5,996,842 | $ | 772.80 |
(1) | This Registration Statement covers the resale by our selling shareholders of up to |
(2) | Estimated solely for the purpose of calculating the registration fee |
PRELIMINARY PROSPECTUS | SUBJECT TO COMPLETION | Dated April 28, 2014 |
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● | risks related to our ability to collect amounts owed to us by some of our largest customers; |
● | our ability to continue to purchase yew cuttings from our various suppliers at relatively stable prices; |
● | our dependence on a small number of customers for our yew raw materials, including a related party; |
● | our dependence on a small number of customers for our yew trees for reforestation; |
● | our ability to market successfully yew raw materials used in the manufacture of TCM; |
● | industry-wide market factors and regulatory and other developments affecting our operations; |
● | our ability to sustain revenues should the Chinese economy slow from its current rate of growth; |
● | continued preferential tax treatment for the sale of yew trees and potted yew trees; |
● | uncertainties about involvement of the Chinese government in business in the PRC generally; and |
● | any change in the rate of exchange of the Chinese Renminbi, or RMB, to the U.S. dollar, which could affect currency translations of our results of operations, which are earned in RMB but reported in dollars; |
● | industry-wide market factors and regulatory and other developments affecting our operations; |
● | a slowdown in the Chinese economy; and |
risks related to changes in accounting interpretations. |
· | We have entered into several land use agreements with various parties, which provide the potential for us to grow a large number of yew trees on approximately 1,019,723.5 mu (approximately 170,294 acres) over the next few decades, although we cannot currently estimate the total number of trees we will grow or the total amount of land we will put into production over such period. (Mu is a Chinese measurement of land that is equivalent to approximately 0.167 acres.) | |
· | We employ proprietary, patented accelerated growth technology, “Northeast Yew Asexual Reproduction Method”, or the Asexual Reproduction Method, to bring yew trees to commercialization decades faster than growing yew trees naturally. | |
· | Because of our more productive and faster rate of yew cultivation, we have a sufficient supply of raw material to allow us to use the branches and leaves, rather than the bark, of yew trees, to sell to customers for the purpose of making TCM. The yew industry is highly regulated in the PRC because the yew tree is considered an endangered species. By harvesting only branches and leaves of yew trees we respond to both environmental sensitivities and regulations, because cutting the bark of the yew trees will damage the trees and stop it from growing new branches. | |
· | We have permits from the Heilongjiang provincial government to sell our yew trees and manufacture handicrafts using yew timber. We believe that we are one of only a handful of companies in the PRC with permissions to manufacture handicrafts using yew timber. |
· | The TCM raw materials and yew tree segments of our business are tax-free in the PRC. |
· | A requirement to have only two years of audited financial statements and only two years of related MD&A; |
· | Exemption from the auditor attestation requirement in the assessment of the emerging growth company’s internal control over financial reporting under Section 404 of the Sarbanes-Oxley Act of 2002; |
· | Reduced disclosure about the emerging growth company’s executive compensation arrangements; and |
· | No non-binding advisory votes on executive compensation or golden parachute arrangements. |
Shares of common stock offered by selling shareholders | 29,984,210 | |||||
Shares of common stock outstanding before the offering | 50,000,000 | |||||
Shares of common stock outstanding after the offering | 50,000,000 | |||||
Terms of the offering | The selling shareholders will determine when and how they will sell the securities offered in this prospectus. | |||||
Statutory Underwriter Obligations | Zhiguo Wang and Guifang Qi are statutory underwriters within the meaning of the Securities Act. This status imposes upon such persons certain obligations. Among such obligations is the requirement that they deliver a current prospectus with the offer of their shares. | |||||
Trading Market | There is currently | |||||
Use of proceeds | We will not receive proceeds from the resale of shares by the selling shareholders. | |||||
Risk Factors | The common stock offered hereby involves a high degree of risk and should not be purchased by investors who cannot afford the loss of their entire investment. See “Risk Factors” below. |
● | the perceived advantages of our products over competing products and the availability and success of competing products; |
● | the effectiveness of our sales and marketing efforts; |
● | our product pricing and cost effectiveness; |
● | the safety and efficacy of our products and the prevalence and severity of adverse side effects, if any; and |
publicity concerning our products, product candidates or competing products. |
● | current and changing economic and financial conditions in China; |
● | market acceptance of our products; |
● | the effectiveness of distribution channels for our products; |
● | the impact of price changes in our products and services or our competitors’ products and services; |
● | the impact of decisions by distributors to offer competing or replacement products or modify or cease their marketing practices; |
● | the availability of alternatives to our products; |
● | seasonal fluctuations in business activity; |
● | changes in marketing expenses related to promoting and distributing our services |
● | limitations on sales of yew raw materials and yew trees during certain times of the year due to the seasonal growth cycle of yew trees; and |
potential disruptions in commerce due to catastrophic natural events or political conflict. |
● | Yew Pharmaceutical accounted for approximately 21% of our consolidated revenue |
Wuchang Xinling Industry Co., Ltd. accounted for approximately 17% of our consolidated revenue |
● | Changchun Hengtai accounted for approximately 17% of our consolidated revenue |
● | Yew Pharmaceutical accounted for approximately 15% of our consolidated revenue |
● | Anhui Bairun accounted for approximately 11% of our consolidated revenue |
Lianchengfa accounted for approximately 10% of our consolidated revenue |
● | increasing market demand; |
● | inflation; |
● | severe climatic and environmental conditions; |
● | seasonal factors, and |
changes in governmental regulations and programs. |
● | have an auditor report on our internal controls over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Act; |
● | submit certain executive compensation matters to shareholder advisory votes, such as “say-on-pay” and “say-on-frequency”; |
● | obtain shareholder approval of any golden parachute payments not previously approved; and |
● | disclose certain executive compensation related items such as the correlation between executive compensation and performance and comparisons of the Chief Executive’s compensation to median employee compensation. |
● | revoking the business and operating licenses of our Chinese entities; |
● | discontinuing or restricting the operations of our Chinese entities; |
● | imposing conditions or requirements with which YBP or our Chinese entities may not be able to comply; |
● | requiring YBP or our Chinese entities to restructure the relevant ownership structure or operations; |
● | restricting or prohibiting our use of the proceeds from any offering to finance our business and operations in the PRC; or |
● | imposing fines. |
High Bid | Low Bid | |||||||
Fiscal Year Ending December 31, 2013 | ||||||||
Quarter Ended December 31, 2013 | $ | 1.10 | $ | 1.00 | ||||
Fiscal Year Ending December 31, 2014 | ||||||||
Quarter Ended March 31, 2014 | $ | 1.10 | $ | 0.98 | ||||
April 1 through April 24, 2014 | $ | 0.18 | $ | 0.12 |
● | Deliver, prior to any transaction involving a penny stock, a disclosure schedule prepared by the SEC relating to the penny stock market, unless the broker-dealer or the transaction is otherwise exempt; |
● | Disclose commissions payable to the broker-dealer and our registered representatives and current bid and offer quotations for the securities; |
● | Send monthly statements disclosing recent price information pertaining to the penny stock held in a customer's account, the account's value and information regarding the limited market in penny stocks; and |
● | Make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written agreement to the transaction, prior to conducting any penny stock transaction in the customer's account. |
Building | 15 years | |||||
Machinery and equipment | 10 years | |||||
Office equipment | 3 years | |||||
Leasehold improvement | 5 years | |||||
Motor vehicles | 4 years |
● | Have an auditor report on our internal controls over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Act; |
● | Submit certain executive compensation matters to shareholder advisory votes, such as “say-on-pay” and “say-on-frequency”; |
● | Obtain shareholder approval of any golden parachute payments not previously approved; and |
● | Disclose certain executive compensation related items such as the correlation between executive compensation and performance and comparisons of the Chief Executive’s compensation to median employee compensation. |
For the Three Months Ended September 30, | For the Nine Months Ended September 30, | For the Years Ended December 31, | |||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 | 2011 | 2012 | 2011 | 2011 | 2010 | ||||||||||||||||||||||
Revenue — third parties | $ | 930,557 | $ | 954,122 | $ | 4,230,631 | $ | 3,246,602 | $ | 4,564,426 | $ | 3,789,181 | |||||||||||||||
Revenue — related party | 442,467 | 251,876 | 602,159 | 1,169,688 | 1,396,613 | 1,338,871 | |||||||||||||||||||||
Total revenues | 1,373,024 | 1,205,998 | 4,832,790 | 4,416,290 | 5,961,039 | 5,128,052 | |||||||||||||||||||||
Cost of revenues — third parties | 146,409 | 220,121 | 726,957 | 691,588 | 741,508 | 1,178,382 | |||||||||||||||||||||
Cost of revenues — related party | 84,528 | 41,009 | 109,572 | 297,004 | 384,457 | 459,681 | |||||||||||||||||||||
Total cost of revenues | 230,937 | 261,130 | 836,709 | 988,592 | 1,125,965 | 1,638,063 | |||||||||||||||||||||
Gross profit | 1,142,087 | 944,868 | 3,996,081 | 3,427,698 | 4,835,074 | 3,489,989 | |||||||||||||||||||||
Operating expenses | 262,656 | 230,109 | 637,666 | 576,235 | 788,408 | 909,296 | |||||||||||||||||||||
Income from operations | 879,431 | 714,759 | 3,358,415 | 2,851,463 | 4,046,666 | 2,580,693 | |||||||||||||||||||||
Other income (expenses) | 228 | (2,454 | ) | 1,455 | (13,126 | ) | (6,355 | ) | 5,267 | ||||||||||||||||||
Net income | 879,659 | 712,305 | 3,359,870 | 2,838,337 | 4,040,311 | 2,585,960 | |||||||||||||||||||||
Other comprehensive income | |||||||||||||||||||||||||||
Unrealized foreign currency translation gain (loss) | (59,359 | ) | 158,519 | 108,308 | 582,653 | 778,392 | 463,826 | ||||||||||||||||||||
Comprehensive income | $ | 820,300 | $ | 870,824 | $ | 3,468,178 | $ | 3,420,990 | $ | 4,818,703 | $ | 3,049,786 |
Years Ended December 31, | ||||||||
2013 | 2012 | |||||||
Revenues - third parties | $ | 5,889,190 | $ | 5,713,237 | ||||
Revenues - related party | 1,550,458 | 1,014,287 | ||||||
Total revenues | 7,439,648 | 6,727,524 | ||||||
Cost of revenues - third parties | 1,968,682 | 1,095,158 | ||||||
Cost of revenues - related party | 438,718 | 183,899 | ||||||
Total cost of revenues | 2,407,400 | 1,279,057 | ||||||
Gross profit | 5,032,248 | 5,448,467 | ||||||
Operating expenses | 1,134,511 | 3,243,965 | ||||||
Income from operations | 3,897,737 | 2,204,502 | ||||||
Other income (expenses) | 1,993 | 1,765 | ||||||
Net income | 3,899,730 | 2,206,267 | ||||||
Other comprehensive income: | ||||||||
Unrealized foreign currency translation gain | 966,009 | 181,028 | ||||||
Comprehensive income | $ | 4,865,739 | $ | 2,387,295 |
Three Months Ended September 30, | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 | 2011 | Increase | Percentage Change | |||||||||||||||
TCM raw materials | $ | 893,909 | $ | 859,497 | $ | 34,412 | 4.0 | % | ||||||||||
Yew trees | 396,416 | 322,015 | 74,401 | 23.1 | % | |||||||||||||
Handicrafts | 82,699 | 24,486 | 58,213 | 237.7 | % | |||||||||||||
Total | $ | 1,373,024 | $ | 1,205,998 | $ | 167,026 | 13.8 | % |
Nine Months Ended September 30, | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 | 2011 | Increase | Percentage Change | |||||||||||||||
TCM raw materials | $ | 2,860,552 | $ | 2,659,234 | $ | 201,318 | 7.6 | % | ||||||||||
Yew trees | 1,853,504 | 1,665,665 | 187,839 | 11.3 | % | |||||||||||||
Handicrafts | 118,734 | 91,391 | 27,343 | 29.9 | % | |||||||||||||
Total | $ | 4,832,790 | $ | 4,416,290 | $ | 416,500 | 9.4 | % |
Fiscal 2013 | Fiscal 2012 | Increase (Decrease) | Percentage Change | |||||||||||||
TCM raw materials | $ | 4,170,748 | $ | 3,745,348 | $ | 425,400 | 11.4 | % | ||||||||
Yew trees | 3,011,728 | 2,819,968 | 191,760 | 6.8 | % | |||||||||||
Handicrafts | 257,172 | 162,208 | 94,964 | 58.5 | % | |||||||||||
Total | $ | 7,439,648 | $ | 6,727,524 | $ | 712,124 | 10.6 | % |
Three Months Ended September 30, | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 | 2011 | Increase (Decrease) | Percentage Change | |||||||||||||||
TCM raw materials | $ | 158,354 | $ | 161,226 | $ | (2,872 | ) | (1.8 | )% | |||||||||
Yew trees | 21,395 | 88,380 | (66,985 | ) | (75.8 | )% | ||||||||||||
Handicrafts | 51,188 | 11,524 | 39,664 | 344.2 | % | |||||||||||||
Total | $ | 230,937 | $ | 261,130 | $ | (30,193 | ) | (11.6 )% |
Nine Months Ended September 30, | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 | 2011 | Increase (Decrease) | Percentage Change | |||||||||||||||
TCM raw materials | $ | 446,436 | $ | 640,843 | $ | (194,407 | ) | (30.3 | )% | |||||||||
Yew trees | 320,410 | 287,681 | 32,729 | 11.4 | % | |||||||||||||
Handicrafts | 69,863 | 60,068 | 9,795 | 16.3 | % | |||||||||||||
Total | $ | 836,709 | $ | 988,592 | $ | (151,883 | ) | 15.4 | % |
Fiscal 2013 | Fiscal 2012 | (Decrease) Increase | Percentage Change | |||||||||||||
TCM raw materials | $ | 1,117,407 | $ | 615,956 | $ | 501,451 | 81.4 | % | ||||||||
Yew trees | 1,097,470 | 578,296 | 519,174 | 89.8 | % | |||||||||||
Handicrafts | 192,523 | 84,805 | 107,718 | 127.0 | % | |||||||||||
Total | $ | 2,407,400 | $ | 1,279,057 | $ | 1,128,343 | 88.2 | % |
Three Months Ended September 30, | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 | 2011 | Increase (Decrease) | ||||||||||||
TCM raw materials | 82.3 | % | 81.2 | % | 1.1 | % | ||||||||
Yew trees | 94.6 | % | 72.6 | % | 22.0 | % | ||||||||
Handicrafts | 38.1 | % | 52.9 | % | (14.8 | )% | ||||||||
Total | 83.2 | % | 78.3 | % | 4.9 | % |
Nine Months Ended September 30, | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 | 2011 | Increase | ||||||||||||
TCM raw materials | 84.4 | % | 75.9 | % | 8.5 | % | ||||||||
Yew trees | 82.7 | % | 82.7 | % | 0.0 | % | ||||||||
Handicrafts | 41.2 | % | 34.3 | % | 6.9 | % | ||||||||
Total | 82.7 | % | 77.6 | % | 5.1 | % |
Fiscal 2013 | Fiscal 2012 | Increase (Decrease) | ||||||||||
TCM raw materials | 73.2 | % | 83.6 | % | (10.4 | )% | ||||||
Yew trees | 63.6 | % | 79.5 | % | (15.9 | )% | ||||||
Handicrafts | 25.1 | % | 47.7 | % | (22.6 | )% | ||||||
Total | 67.6 | % | 81.0 | % | (13.4 | )% |
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 | 2011 | 2012 | 2011 | ||||||||||||||||
Salary and related benefit | $ | 4,016 | $ | 3,129 | $ | 11,718 | $ | 8,714 | |||||||||||
Advertising | — | 61 | — | 9,482 | |||||||||||||||
Shipping and handling | 303 | 3,568 | 696 | 10,317 | |||||||||||||||
Other | 2,324 | 1,697 | 5,466 | 14,127 | |||||||||||||||
Total | $ | 6,643 | $ | 8,455 | $ | 17,880 | $ | 42,640 |
Fiscal 2013 | Fiscal 2012 | |||||||
Salary and related benefit | $ | 14,462 | $ | 15,815 | ||||
Advertising | - | - | ||||||
Shipping and handling | 365 | 1,853 | ||||||
Other | 8,967 | 6,935 | ||||||
Total | $ | 23,794 | $ | 24,603 |
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 | 2011 | 2012 | 2011 | ||||||||||||||||
Compensation and related benefits | $ | 52,056 | $ | 42,568 | $ | 152,061 | $ | 124,205 | |||||||||||
Depreciation | 48,634 | 38,153 | 137,624 | 110,336 | |||||||||||||||
Travel and entertainment | 27,819 | 25,305 | 68,120 | 77,013 | |||||||||||||||
Professional fees | 98,374 | 68,674 | 183,628 | 127,902 | |||||||||||||||
Research and development | — | 694 | — | 15,968 | |||||||||||||||
Other | 29,130 | 46,260 | 78,353 | 78,171 | |||||||||||||||
Total | $ | 256,013 | $ | 221,654 | $ | 619,786 | $ | 533,595 |
Fiscal 2013 | Fiscal 2012 | |||||||
Depreciation | $ | 156,705 | $ | 187,030 | ||||
Travel and entertainment | 95,496 | 86,238 | ||||||
Professional fees | 339,918 | 285,454 | ||||||
Research and development | 23,134 | 14,594 | ||||||
Other | 495,464 | 118,246 | ||||||
Total | $ | 1,110,717 | $ | 691,562 |
● | For fiscal 2013, depreciation decreased by $30,325 or 16.2% as compared to fiscal 2012. These decreases were primarily attributable to the decrease in depreciable assets. During fourth quarter of fiscal 2013, we purchased additional fixed assets in approximate amount of $260,000 as a result of the expansion of our business. As such, we had less depreciable assets during fiscal 2013 as compared to fiscal 2012. |
● | For fiscal 2013, travel and entertainment remained consistent as compared to fiscal 2012. |
● | Professional fees consisted primarily of legal, accounting, consulting, and other fees associated with preparing to and becoming a reporting company in the United States in amount of $103,182, $69,983, $139,952, and $26,801 respectively. For fiscal 2013, professional fees increased by $54,464, or 19.1%, as compared to fiscal 2012. This increase was primarily attributable to the increase in legal and accounting fees as a result of our becoming a reporting company in the United States in 2013. |
● | For fiscal 2013, research and development expense remained materially consistent as compared to fiscal 2012. |
● | Other miscellaneous general and administrative expenses consisted primarily of wages, auto expenses, building maintenance expenses in amount of 243,823, 75,463, and 32,268, respectively. For fiscal 2013, other miscellaneous general and administrative expense increased by $377,218 or 319.0%, as compared to fiscal 2012. The increase was primarily due to the increase in vehicle and real property maintenance expenses incurred during fiscal 2013. |
TCM raw materials | Yew trees | Handicrafts | Total | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues | $ | 451,442 | $ | 396,416 | $ | 82,699 | $ | 930,557 | ||||||||||
Revenues — related parties | 442,467 | — | — | 442,467 | ||||||||||||||
Total revenues | 893,909 | 393,416 | 82,699 | 1,373,024 | ||||||||||||||
Cost of revenues | 73,826 | 21,395 | 51,188 | 146,409 | ||||||||||||||
Cost of revenues — related parties | 84,528 | — | — | 84,528 | ||||||||||||||
Total cost of revenues | $ | 158,354 | $ | 21,395 | $ | 51,188 | $ | 230,937 |
TCM raw materials | Yew trees | Handicrafts | Total | |||||||||||||
Revenues | $ | 2,620,290 | $ | 3,011,728 | $ | 257,172 | $ | 5,889,190 | ||||||||
Revenues - related party | 1,550,458 | - | - | 1,550,458 | ||||||||||||
Total revenues | 4,170,748 | 3,011,728 | 257,172 | 7,439,648 | ||||||||||||
Cost of revenues | 678,689 | 1,097,470 | 192,523 | 1,968,682 | ||||||||||||
Cost of revenues - related party | 438,718 | - | - | 438,718 | ||||||||||||
Total cost of revenues | $ | 1,117,407 | $ | 1,097,470 | $ | 192,523 | $ | 2,407,400 |
TCM raw materials | Yew trees | Handicrafts | Total | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues | $ | 607,621 | $ | 322,015 | $ | 24,486 | $ | 954,122 | ||||||||||
Revenues — related parties | 251,876 | — | — | 251,876 | ||||||||||||||
Total revenues | 859,497 | 322,015 | 24,486 | 1,205,998 | ||||||||||||||
Cost of revenues | 120,217 | 88,380 | 11,524 | 220,121 | ||||||||||||||
Cost of revenues — related parties | 41,009 | — | — | 41,009 | ||||||||||||||
Total cost of revenues | $ | 161,226 | $ | 88,380 | $ | 11,524 | $ | 261,130 |
TCM raw materials | Yew trees | Handicrafts | Total | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues | $ | 2,259,996 | $ | 1,853,504 | $ | 117,131 | $ | 4,230,631 | ||||||||||
Revenues — related parties | 600,556 | — | 1,603 | 602,159 | ||||||||||||||
Total revenues | 2,860,552 | 1,853,504 | 118,734 | 4,832,790 | ||||||||||||||
Cost of revenues | 337,549 | 320,410 | 68,998 | 726,957 | ||||||||||||||
Cost of revenues — related parties | 108,887 | — | 865 | 109,752 | ||||||||||||||
Total cost of revenues | $ | 446,436 | $ | 320,410 | $ | 69,863 | $ | 836,709 |
TCM raw materials | Yew trees | Handicrafts | Total | |||||||||||||
Revenues | $ | 2,732,664 | $ | 2,819,968 | $ | 160,605 | $ | 5,713,237 | ||||||||
Revenues - related party | 1,012,684 | - | 1,603 | 1,014,287 | ||||||||||||
Total revenues | 3,745,348 | 2,819,968 | 162,208 | 6,727,524 | ||||||||||||
Cost of revenues | 432,922 | 578,296 | 83,940 | 1,095,158 | ||||||||||||
Cost of revenues - related party | 183,034 | - | 865 | 183,899 | ||||||||||||
Total cost of revenues | $ | 615,956 | $ | 578,296 | $ | 84,805 | $ | 1,279,057 |
TCM raw materials | Yew trees | Handicrafts | Total | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues | $ | 1,489,546 | $ | 1,665,665 | $ | 91,391 | $ | 3,246,602 | ||||||||||
Revenues — related parties | 1,169,688 | — | — | 1,169,688 | ||||||||||||||
Total revenues | 2,659,234 | 1,665,665 | 91,391 | 4,416,290 | ||||||||||||||
Cost of revenues | 343,839 | 287,681 | 60,068 | 691,588 | ||||||||||||||
Cost of revenues — related parties | 297,004 | — | — | 297,004 | ||||||||||||||
Total cost of revenues | $ | 640,843 | $ | 287,681 | $ | 60,068 | $ | 988,592 |
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 | 2011 | 2012 | 2011 | ||||||||||||||||
Sales volume — third parties (kg) | 2,600 | 3,560 | 13,000 | 8,810 | |||||||||||||||
Sales volume — related party (kg) | 2,800 | 1,600 | 3,800 | 7,610 | |||||||||||||||
Total sales volume | 5,400 | 5,160 | 16,800 | 16,420 |
Fiscal 2013 | Fiscal 2012 | |||||||
Sales volume - third parties (kg) | 14,806 | 15,700 | ||||||
Sales volume - related party (kg) | 9,610 | 6,400 | ||||||
Total sales volume | 24,416 | 22,100 |
● | We began to engage first tier distributors to distribute our handicraft products in provincial capital cities in 10 provinces; each first tier distributor is required to reach minimal annual sales volume of 2,000,000 RMB. First tier distributors will be able to purchase handicrafts from us at a price below the price that basic distributors pay for the handicraft products. In addition to the discounted first tier distributor pricing provided, we will also provide approximately 3% - 5% commission (payable in yew seedling products) to these first tier distributors. |
● | We began to engage second tier distributors in smaller cities. Each second tier distributor is required to reach minimal annual sales volume of 1,000,000 RMB. These distributors will also be offered beneficial pricing off the price that basic distributors pay. We will also provide approximately 2%-3% commission (payable in yew seedling products) to the second tier distributors. |
● | We have instructed our sales representative to make frequent visits to our distributors to promote our handicraft products. |
Fiscal 2011 | Fiscal 2010 | Increase (Decrease) | Percentage Change | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCM raw materials | $ | 3,458,093 | $ | 2,845,067 | $ | 613,026 | 21.5 | % | ||||||||||
Yew trees | 2,400,245 | 2,131,445 | 268,800 | 12.6 | % | |||||||||||||
Handicrafts | 102,701 | 151,540 | (48,839 | ) | (32.2 | )% | ||||||||||||
Total | $ | 5,961,039 | $ | 5,128,052 | $ | 832,987 | 16.2 | % |
Years Ended December 31, | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 | 2010 | ||||||||||
Sales volume — third parties (kg) | 12,160 | 9,360 | |||||||||
Sales volume — related party (kg) | 9,010 | 8,990 | |||||||||
Total sales volume | 21,170 | 18,350 |
2011 | 2010 | Decrease | Percentage Change | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCM raw materials | $ | 897,154 | $ | 924,547 | $ | (27,393 | ) | (3.0 | )% | |||||||||
Yew trees | 172,460 | 633,027 | (460,567 | ) | (72.8 | )% | ||||||||||||
Handicrafts | 56,351 | 80,489 | (24,138 | ) | (30.0 | )% | ||||||||||||
Total | $ | 1,125,965 | $ | 1,638,063 | $ | (512,098 | ) | (31.3 | )% |
2011 | 2010 | Increase (Decrease) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCM raw materials | 74.1 | % | 67.5 | % | 6.6 | % | ||||||||
Yew trees | 92.8 | % | 70.3 | % | 22.5 | % | ||||||||
Handicrafts | 45.1 | % | 46.9 | % | (1.8 | )% | ||||||||
Total | 81.1 | % | 68.1 | % | 13.0 | % |
Year Ended December 31, | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 | 2010 | ||||||||||
Salary and related benefit | $ | 12,865 | $ | 2,672 | |||||||
Advertising | 8,604 | 2,571 | |||||||||
Shipping and handling | 16,166 | 11,316 | |||||||||
Other | 16,958 | 13,858 | |||||||||
Total | $ | 54,593 | $ | 30,417 |
Year Ended December 31, | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 | 2010 | ||||||||||
Compensation and related benefits | $ | 173,571 | $ | 76,584 | |||||||
Depreciation | 154,266 | 133,861 | |||||||||
Travel and entertainment | 86,408 | 80,679 | |||||||||
Professional fees | 195,044 | 453,642 | |||||||||
Research and development | 16,048 | 24,404 | |||||||||
Other | 108,478 | 109,709 | |||||||||
Total | $ | 733,815 | $ | 878,879 |
TCM raw materials | Yew trees | Handicrafts | Total | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues | $ | 2,066,267 | $ | 2,400,245 | $ | 97,914 | $ | 4,564,426 | ||||||||||
Revenues — related parties | 1,391,826 | — | 4,787 | 1,396,613 | ||||||||||||||
Total Revenue | 3,458,093 | 2,400,245 | 102,701 | 5,961,039 | ||||||||||||||
Cost of sales | 515,323 | 172,460 | 53,724 | 741,508 | ||||||||||||||
Cost of sales — related parties | 381,831 | — | 2,627 | 384,457 | ||||||||||||||
Total Cost of sales | 897,154 | 172,460 | 56,351 | 1,125,965 |
TCM raw materials | Yew trees | Handicrafts | Total | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues | $ | 1,518,864 | $ | 2,131,445 | $ | 138,872 | $ | 3,789,181 | ||||||||||
Revenues — related parties | 1,326,203 | — | 12,668 | 1,338,871 | ||||||||||||||
Total Revenue | 2,845,067 | 2,131,445 | 151,540 | 5,128,052 | ||||||||||||||
Cost of sales | 471,595 | 633,027 | 73,761 | 1,178,383 | ||||||||||||||
Cost of sales — related parties | 452,952 | — | 6,728 | 459,680 | ||||||||||||||
Total Cost of sales | 924,547 | 633,027 | 80,489 | 1,638,063 |
December 31, 2011 to September 30, 2012 | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Category | September 30, 2012 | December 31, 2011 | Change | Percentage change | |||||||||||||||
Current assets: | |||||||||||||||||||
Cash | $ | 567,798 | $ | 732,371 | $ | (164,573 | ) | (22.5 | )% | ||||||||||
Accounts receivable | 530,471 | — | 530,471 | 100.0 | % | ||||||||||||||
Inventories | 899,783 | 710,844 | 188,939 | 26.6 | % | ||||||||||||||
Prepaid rent — related party | 67,292 | — | 67,292 | 100.0 | % | ||||||||||||||
Prepaid expenses and other assets | 14,245 | 433 | 13,812 | 3,189.8 | % | ||||||||||||||
Current liabilities: | |||||||||||||||||||
Accounts payable | 915,792 | 1,360,611 | (444,819 | ) | (32.7 | )% | |||||||||||||
Accrued expenses and other payables | 49,939 | 119,901 | (69,962 | ) | (58.3 | )% | |||||||||||||
Taxes payable | 11,303 | 500 | 10,803 | 2,160.6 | % | ||||||||||||||
Refundable common stock subscription | — | 950,000 | (950,000 | ) | (100.0 | )% | |||||||||||||
Due to related parties | 56,098 | 266,488 | (210,390 | ) | (78.9 | )% | |||||||||||||
Working capital: | |||||||||||||||||||
Total current assets | $ | 2,079,589 | $ | 1,443,648 | $ | 635,941 | 44.1 | % | |||||||||||
Total current liabilities | 1,033,132 | 2,697,500 | (1,664,368 | ) | (61.7 | )% | |||||||||||||
Working capital (deficiency) | $ | 1,046,457 | $ | (1,253,852 | ) | $ | 2,300,309 | (183.5 | )% |
December 31, | December 31, 2012 to December 31, 2013 | |||||||||||||||
Category | 2013 | 2012 | Change | Percent Change | ||||||||||||
Current assets: | ||||||||||||||||
Cash | $ | 1,159,611 | $ | 386,821 | $ | 772,790 | 199.8 | % | ||||||||
Accounts receivable | 418,875 | 722,598 | (303,723 | ) | -42.0 | % | ||||||||||
Accounts receivable – related party | 377,821 | 284,986 | 92,835 | 32.6 | % | |||||||||||
Inventories | 1,089,087 | 991,234 | 97,853 | 9.9 | % | |||||||||||
Prepaid expenses and other assets | 2,697 | 150 | 2,547 | 1,698.0 | % | |||||||||||
Prepaid expenses – related parties | 34,031 | 60,245 | (26,214 | ) | -43.5 | % | ||||||||||
Current liabilities: | ||||||||||||||||
Accounts payable | - | 990 | (990 | ) | -100.0 | % | ||||||||||
Accrued expenses and other payables | 136,713 | 199,098 | (62,385 | ) | -31.3 | % | ||||||||||
Taxes payable | 10,232 | 5,722 | 4,510 | 78.8 | % | |||||||||||
Due to related parties | 4,850,637 | 47,876 | 4,802,761 | 10,031.7 | % | |||||||||||
Working capital: | ||||||||||||||||
Total current assets | $ | 3,082,122 | $ | 2,446,034 | $ | 636,088 | 26.0 | % | ||||||||
Total current liabilities | 4,997,582 | 253,686 | 4,743,896 | 1870.0 | % | |||||||||||
Working capital (deficiency) | $ | (1,915,460 | ) | $ | 2,192,348 | $ | (4,107,808 | ) | -187 | % |
● | A decrease in accounts receivable of approximately $304,000; |
● | A decrease in prepaid expenses – related parties of approximately $26,000; |
● | An increase in due to related party of approximately $4,803,000; |
● | An increase in cash of approximately $773,000; |
● | An increase in accounts receivable – related party of approximately $93,000; |
● | An increase in inventories of approximately $98,000; |
● | A decrease in accrued expenses and other payables of approximately $62,000. |
● | Net income of approximately $3,900,000 adjusted for the add-back of non-cash items, such as: depreciation of approximately $180,000, and amortization of land use rights and yew forest assets of approximately $382,000, and |
● | The receipt of cash from operations from changes in operating assets and liabilities, such as: decrease in accounts receivable of approximately $323,000. |
● | The use of cash from changes in operating assets and liabilities, such as: an increase in accounts receivable – related party of approximately $82,000, an increase in inventory of approximately $223,000, and decrease in accrued expenses and other payable of approximately $65,000. |
● | net income of approximately $2,206,000 adjusted for the add-back of non-cash items, such as: depreciation of approximately $217,000, and amortization of land use rights and yew forest assets of approximately $347,000, and |
● | the receipt of cash from operations from changes in operating assets and liabilities, such as: an increase in accrued expenses and other payables of approximately $79,000; |
● | The use of cash from changes in operating assets and liabilities, such as: an increase in accounts receivable of approximately $722,000, and an increase in accounts receivable – related party of approximately $285,000, and increase in prepaid expenses – related parties of approximately $60,000, and an increase in inventories of approximately $2,090,000, a decrease in accounts payable of approximately $1,369,000 and a decrease in due to related parties of approximately $157,000. |
December 31, 2010 to December 31, 2011 | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Category | December 31, 2011 | December 31, 2010 | Change | Percentage Change | |||||||||||||||
Current assets: | |||||||||||||||||||
Cash | $ | 732,371 | $ | 1,850,488 | $ | (1,118,117 | ) | (60.4 | )% | ||||||||||
Due from related parties | — | 57,131 | (57,131 | ) | (100.0 | )% | |||||||||||||
Inventories | 710,844 | 972,048 | (261,204 | ) | (26.9 | )% | |||||||||||||
Prepaid expenses and other assets | 433 | 2,250 | (1,817 | ) | (80.8 | )% | |||||||||||||
Current liabilities: | |||||||||||||||||||
Accounts payable | 1,360,611 | 1,810,092 | (449,481 | ) | (24.8 | )% | |||||||||||||
Advance from customers | — | 322,151 | (322,151 | ) | (100.0 | )% | |||||||||||||
Accrued expenses and other payables | 119,901 | 55,604 | 64,297 | 115.6 | % | ||||||||||||||
Taxes payable | 500 | 7,112 | (6,612 | ) | (93.0 | )% | |||||||||||||
Refundable common stock subscription | 950,000 | 950,000 | — | — | |||||||||||||||
Due to related parties | 266,488 | 141,276 | 125,212 | 88.6 | % | ||||||||||||||
Working capital: | |||||||||||||||||||
Total current assets | $ | 1,443,648 | $ | 2,881,917 | $ | (1,438,269 | ) | (50.91 | )% | ||||||||||
Total current liabilities | 2,697,500 | 3,286,235 | (588,735 | ) | (17.9 | )% | |||||||||||||
Working capital deficiency | $ | (1,253,852 | ) | $ | (404,318 | ) | $ | (849,534 | ) | (210.1 | )% |
Contractual obligations: | Total | 1 year | 1–3 years | 3–5 years | 5+ years | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating leases | $ | 667,293 | $ | 36,004 | $ | 69,561 | $ | 63,924 | $ | 497,804 | ||||||||||||||||
Land and yew forest rights (1) | 895,532 | 105,778 | 789,754 | — | — | |||||||||||||||||||||
Total | $ | 1,562,825 | $ | 141,782 | $ | 859,315 | $ | 63,924 | $ | 497,804 |
Contractual obligations: | Total | 1 year | 2-3 years | 3-5 years | 5+ years | |||||||||||||||
Operating leases | $ | 606,357 | $ | 6,341 | $ | 136,694 | $ | 25,007 | $ | 438,315 | ||||||||||
Total | $ | 606,357 | $ | 6,341 | $ | 136,694 | $ | 25,007 | $ | 438,315 |
● | We have entered into several land use agreements with various parties, which provide the potential for us to grow a large number of yew trees on large areas of land over the next few decades, although we cannot currently estimate the number of trees we will grow or the total amount of land we will put into production over such period. |
● | We employ proprietary, patented accelerated growth technology, the Asexual Reproduction Method, to bring yew trees to commercialization decades faster than growing yew trees naturally. |
● | Because of our more productive and faster rate of yew cultivation, we have a sufficient supply of raw material to allow us to use the branches and leaves, rather than the bark, of yew trees, to sell to customers for the purpose of making TCM. The yew industry is highly regulated in the PRC because the yew tree is considered an endangered species. By harvesting only branches and leaves of yew trees we respond to both environmental sensitivities and regulations, because cutting the bark of the yew trees will damage the trees and stop it from growing new branches. |
● | We have permits from the Heilongjiang provincial government to sell our yew trees and manufacture handicrafts using yew timber. We believe that we are one of only a handful of companies in the PRC with permissions to manufacture handicrafts using yew timber. |
● | The TCM raw materials and yew tree segments of our business are tax-free in the PRC. |
● | a pair of yew chopsticks sells for approximately RMB198; |
● | a fountain pen sells for approximately RMB 2,480; |
● | sculptures can sell for tens of thousands of RMB; and |
● | large pieces of furniture can sell for more than RMB 100,000. |
● | Yew Pharmaceutical accounted for approximately 21% of our consolidated revenue |
● | Wuchang Xinling Industry Co., Ltd., accounted for approximately 17% of our consolidated revenue |
● | Changchun Hengtai Medicine., Ltd., or Changchun Hengtai, accounted for approximately 17% of our consolidated revenue |
● | Yew Pharmaceutical accounted for approximately 15% of our consolidated revenue |
● | Anhui Baiyun Medicine Co., Ltd., or Anhui Bairun, accounted for approximately 11% of our consolidated revenue |
● | Shenzhen City Lianchengfa Science and Technology, or Liangchengfa, accounted for approximately 10% of our consolidated revenue |
● | We |
● | We |
● | We have instructed our sales representatives to make frequent visits to our distributors to promote our handicraft products. |
● | “Yew Tree Plant Extracts, Methods for Extracting the Plant Extracts and Application”, or the Yew Extract Method, was granted by the State Intellectual Property Office, or SIPO, to HDS on August 16, 2011. This patent had previously been held by Heilongjiang Yew Pharmaceutical Co., Ltd. This patent is valid for 20 years, from June 23, 2004 through June 22, 2024. |
● | “Northeast Yew Asexual Reproduction Method”, or the Asexual Reproduction Method, was granted by SIPO to HDS on September 21, 2011. This patent is valid for 20 years, from September 30, 2010 through September 29, 2030. |
● | The Asexual Reproduction Method addresses the low rooting rate problem and accelerates the seedling rate and the maturity period for Northeast yew. It increases the rooting rate to over 80% and the seedling rate to over 85% for Northeast yew. It can bring the Northeast yew to maturity and ready for commercialization for medical use in as little as two-to-three years, compared to more than 50 years for naturally growing yew trees. |
● | Large colonies can form to out-compete other organisms for nutrients. The active ingredients in the offspring were relatively stable with little difference. |
● | There is high chance of survival of the offspring with little variation. |
Mr. Wang | 76.65 | % | ||||
Madame Qi | 18.53 | % | ||||
Mr. Han | 4.82 | % |
● | Exclusive Business Cooperation Agreement. Pursuant to the Exclusive Business Cooperation Agreement between JSJ and HDS, or the Business Cooperation Agreement, JSJ has the exclusive right to provide to HDS general business operation services, including advice and strategic planning, as well as consulting services related to technology, research and development, human resources, marketing and other services deemed necessary, or collectively referred to as the Services. Under the Business Cooperation Agreement, JSJ has exclusive and proprietary rights and interests in all rights, ownership, interests and intellectual properties arising out of or created during the performance of the Business Cooperation Agreement, including but not limited to copyrights, patents, patent applications, software and trade secrets. HDS shall pay to JSJ a monthly consulting service fee, or the Service Fee, in RMB that is equal to 100% of the monthly net income of HDS. Upon the prior written consent by JSJ, the rate of Service Fee may be adjusted pursuant to the operational needs of HDS. Within 30 days after the end of each month, HDS shall (a) deliver to JSJ the management accounts and operating statistics of HDS for such month, including the net income of HDS during such month, or the Monthly Net Income, and (b) pay 80% of such Monthly Net Income to JSJ, each such payment referred to as a Monthly Payment. Within ninety (90) days after the end of each fiscal year, HDS shall (a) deliver to JSJ financial statements of HDS for such fiscal year, which shall be |
audited and certified by an independent certified public accountant approved by JSJ, and (b) pay an amount to JSJ equal to the shortfall, if any, of the aggregate net income of HDS for such fiscal year, as shown in such audited financial statements, as compared to the aggregate amount of the Monthly Payments paid by HDS to JSJ in such fiscal year. HDS also granted an irrevocable and exclusive option to JSJ to purchase any and all of the assets of HDS, to the extent permitted under PRC law, at the lowest price permitted by PRC law. Unless earlier terminated in accordance with the provisions of the Business Cooperation Agreement or other agreements separately executed between JSJ and HDS, the Business Cooperation Agreement is for a term of ten years and expires on November 5, 2020; however, the term of the Business Cooperation Agreement may be extended if confirmed in writing by JSJ prior to the expiration of the term thereof. The period of the extended term shall be determined exclusively by JSJ and HDS shall accept such extended term unconditionally. Unless JSJ commits gross negligence, or a fraudulent act, against HDS, HDS shall not terminate the Business Cooperation Agreement prior to the expiration of the term, including any extended term. Notwithstanding the foregoing, JSJ shall have the right to terminate the Business Cooperation Agreement at any time upon giving 30 days’ prior written notice to HDS. |
● | Exclusive Option Agreement. Under an Exclusive Option Agreement among JSJ, HDS and each HDS Shareholder, individually referred to as an Option Agreement, the terms of which are substantively identical to each other, each HDS Shareholder has granted JSJ or its designee the irrevocable and exclusive right to purchase, to the extent permitted under PRC law, all or any part of the HDS Shareholder’s equity interests in HDS, or the Equity Interest Purchase Option, for RMB 10. If an appraisal is required by PRC laws at the time when and if JSJ exercises the Equity Interest Purchase Option, the parties shall negotiate in good faith and, based upon the appraisal, make a necessary adjustment to the purchase price so that it complies with any and all then applicable PRC laws. Without the consent of JSJ, the HDS Shareholders shall not sell, transfer, mortgage or dispose of their respective shares of HDS stock. Additionally, without the prior consent of JSJ, the HDS Shareholders shall not in any manner supplement, change or amend the articles of association and bylaws of HDS, increase or decrease its registered capital, change the structure of its registered capital in any other manner, or engage in any transactions that could materially affect HDS’ assets, liabilities, rights or operations, including, without limitation, the incurrence or assumption of any indebtedness except incurred in the ordinary course of business, execute any major contract over RMB 500,000, sell or purchase any assets or rights, incur of any encumbrance on any of its assets or intellectual property rights in favor of a third party or transfer of any agreements relating to its business operation to any third party. The term of each Option Agreement is ten years commencing on November 5, 2020 and may be extended at the sole election of JSJ. |
● | Equity Interest Pledge Agreement. In order to guarantee HDS’s performance of its obligations under the Business Cooperation Agreement, each HDS Shareholder, JSJ and HDS entered into an Equity Interest Pledge Agreement, individually referred to as a Pledge Agreement, the terms of which are substantially similar to each other. Pursuant to the Pledge Agreement, each HDS Shareholder pledged all of his or her equity interest in HDS to JSJ. If HDS or the HDS Shareholders breach their respective contractual obligations and such breach is not remedied to the satisfaction of JSJ within 20 days after the giving of notice of breach, JSJ, as pledgee, will be entitled to exercise certain rights, including the right to foreclose upon and sell the pledged equity interests. During the term of the Pledge Agreement, the HDS Shareholder shall not transfer his or her equity interest in HDS or place or otherwise permit any other security interest of other encumbrance to be placed on such equity interest. Upon the full payment of the Service Fee under the Business Cooperation Agreement and upon the termination of HDS’s obligations thereunder, the Pledge Agreement shall be terminated. |
● | Power of Attorney. Under a Power of Attorney executed by each HDS Shareholder, individually referred to as a Power of Attorney, the terms of which are substantially similar to each other, JSJ has been granted an exclusive, irrevocable power of attorney to take actions in the place and stead of the HDS Shareholder, to act on behalf of the HDS Shareholder as his or her exclusive agent and attorney with respect to all matters concerning the HDS Shareholder’s equity interests in HDS, |
including without limitation, the right to: 1) attend shareholders’ meetings of HDS; 2) exercise all the HDS Shareholder’s rights, including voting rights under PRC laws and HDS’s Articles of Association, including but not limited to the sale or transfer or pledge or disposition of the HDS Shareholder’s equity interests in HDS in whole or in part; and 3) designate and appoint on behalf of the HDS Shareholder the legal representative, executive director, supervisor, manager and other senior management of HDS. |
● | the issuance of the Founders’ Options was subject to pre-issuance approval by our shareholders, which approval was obtained at the Special Meeting; |
● | each Founder’s Option was fully vested upon issuance; |
● | each Founder’s Option is exercisable for a period of five years; |
● | each Founder’s Option has a per share exercise price equal to the fair market value of a shares of YBP common stock on the date of grant, or $0.22 per share; and |
● | each Founder’s Option has a cashless exercise feature, pursuant to which, at the optionee’s election, he or she may choose to deliver previously-owned shares of YBP common stock in payment of the exercise price or not pay the exercise price of the Founder’s Option and receive instead a reduced number of shares of YBP common stock reflecting the value of the number of shares of YBP common stock equal to the difference, if any, between the aggregate fair market value of the shares issuable upon exercise of the Founder’s Option and the exercise price of the Founder’s Option. |
Number of Optionee | Number of Shares Subject to Founder’s Option | ||||||||||
Zhioguo Wang | 20,103,475 | ||||||||||
Guifang Qi | 2,488,737 | ||||||||||
Xingming Han | 213,300 |
Shareholder | Number Shares Presently Held | Percentage of Issued Shares Presently Held | Number Shares Held Assuming Exercise of All Founders’ Options | Percentage of Issued Shares Following Exercise of All Founders’ Options | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Zhiguo Wang | 20,103,475 | 40.21 | % | 40,206,950 | 55.23 | % | ||||||||||||
Guifang Qi | 2,488,737 | 4.98 | % | 4,977,474 | 6.84 | % | ||||||||||||
Xingming Han | 213,300 | 0.43 | % | 426,600 | 0.59 | % | ||||||||||||
All HDS Shareholders as a group (3 persons) | 22,805,512 | 45.61 | % | 45,611,024 | 62.65 | % | ||||||||||||
All other existing shareholders | 27,194,488 | 54.39 | % | 27,194,488 | 37.35 | % | ||||||||||||
Total | 50,000,000 | 100.00 | % | 72,805,512 | 100.00 | % |
Shareholder | Number Shares Presently Held | Percentage of Issued Shares Presently Held | Number Shares Held Assuming Exercise of All Founders’ Options | Percentage of Issued Shares Following Exercise of All Founders’ Options | ||||||||||||
Zhiguo Wang | 20,103,475 | 40.21 | % | 40,206,950 | 55.23 | % | ||||||||||
Guifang Qi | 2,488,737 | 4.98 | % | 4,977,474 | 6.84 | % | ||||||||||
Xingming Han | 213,300 | 0.43 | % | 426,600 | 0.59 | % | ||||||||||
All HDS Shareholders as a group (3 persons) | 22,805,512 | 45.61 | % | 45,611,024 | 62.65 | % | ||||||||||
All other existing shareholders | 27,194,488 | 54.39 | % | 27,194,488 | 37.35 | % | ||||||||||
Total | 50,000,000 | 100.00 | % | 72,805,512 | 100.00 | % |
Date of Agreement | Transferor (Lessor) | Location | Land Use Area | Term | |||||||||||||||||||||||
March 21, 2004 | Wuchang City Forestry Bureau | Wuchang City | 1,000,000 mu | 30 years | |||||||||||||||||||||||
March 22, 2004 | Beichuan Village, Pingshan Town | 125 mu | 50 years | ||||||||||||||||||||||||
April 4, 2004 | Pingshan Town Government (Beichuan Village Committee) | Beichuan Village, Pingshan Town | 400 mu(1) | 50 years | |||||||||||||||||||||||
March 25, 2005 | ZTC | Lalin Town, Wuchang City | 361 mu | 30 years | |||||||||||||||||||||||
January 18, 2008 | Shukun Jiang and Shubao Jiang | Pinshan Dalazi Mountain | 290 mu | 50 years | |||||||||||||||||||||||
March 4, 2010 | Heilongjiang Pingshan Yew Comprehensive Development Co., Ltd. | Pingfangdian, Wuchang City | 15,865 mu | 45 years | |||||||||||||||||||||||
July 18, 2012 | Huazhong Liu | Beizhao Village, Hongxing Town, A’cheng District | 117.5 | 16 years | |||||||||||||||||||||||
November 15, 2013 | Heilongjiang Zishan Gufen Limited, Co. | Wuchang Pingfangdian Forestry Centre, Helongjiang Provence | 2,565 mu | 38 years |
(1) | This agreement provides for 400 mu, which is the total usable area subject to the agreement. A survey completed after the agreement was entered into concluded that a total of 955 mu is covered by the agreement, to which revised amount the parties have agreed. | |
(2) | This agreement provides for 117.5 mu. A survey completed after the agreement was entered into concluded that a total of 148 mu is covered by the agreement, to which revised amount the parties have agreed. |
● | RMB 6,300,000 upon receipt by HDS of all related supporting documents and materials on the ownership and land use right of the property |
● | RMB 3,700,000 on December 25, 2012 |
● | RMB 5,002,300 on or before December 25, 2013. |
● | $3.51 million in U.S. dollars on or before December 31, 2013. |
● | $4.29 million in U.S. dollars on or before May 31, 2015. |
Name | Age | Position | |||||||||||||
Zhiguo Wang | Chief Executive Officer, President, | ||||||||||||||
and Chief Financial Officer | |||||||||||||||
Guifang Qi | 51 | ||||||||||||||
Xingming Han | General Manager-HDS and Director |
Name and Principal Position | Year | Salary ($) | Bonus ($) | Stock Awards ($) | Option Awards ($) | Non-equity incentive plan compensation ($) | Non-qualified deferred compensation earnings ($) | All other compensation ($) | Total ($) | |||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Zhiguo Wang President, | 2011 | 15,757 | — | — | — | — | — | — | 15,757 | |||||||||||||||||||||||||||||
Chief Executive Officer | 2010 | 11,507 | — | — | — | — | — | — | 11,507 | |||||||||||||||||||||||||||||
2009 | 9,648 | — | — | — | — | — | — | 9,648 | ||||||||||||||||||||||||||||||
Adam Wasserman (1) | 2011 | 40,000 | — | — | — | — | — | — | 40,000 | |||||||||||||||||||||||||||||
Chief Financial Officer | 2010 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
2009 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Guifang Qi | 2011 | 11,586 | — | — | — | — | — | — | 11,586 | |||||||||||||||||||||||||||||
Treasurer, YBP and Vice | 2010 | 9,146 | — | — | — | — | — | — | 9,146 | |||||||||||||||||||||||||||||
General Manager, HDS | 2009 | 7,894 | — | — | — | — | — | — | 7,894 | |||||||||||||||||||||||||||||
Xingming Han | 2011 | 15,757 | — | — | — | — | — | — | 15,757 | |||||||||||||||||||||||||||||
General Manager, HDS | 2010 | 11,212 | — | — | — | — | — | — | 11,212 | |||||||||||||||||||||||||||||
2009 | 6,856 | — | — | — | — | — | — | 6,856 | ||||||||||||||||||||||||||||||
Li Zhao (2) | 2011 | 901 | — | — | — | — | — | — | 901 | |||||||||||||||||||||||||||||
Chief Financial Officer | 2010 | 4,426 | — | — | — | — | — | — | 4,426 | |||||||||||||||||||||||||||||
2009 | 4,385 | — | — | — | — | — | — | 4,385 | ||||||||||||||||||||||||||||||
Shiyi Li (3) | 2011 | 2,188 | — | — | — | — | — | — | 2,188 | |||||||||||||||||||||||||||||
Chief Financial Officer | 2010 | N/A | — | — | — | — | — | — | N/A | |||||||||||||||||||||||||||||
2009 | N/A | — | — | — | — | — | — | N/A |
Name and Principal Position | Year | Salary ($) | Bonus ($) | Stock Awards ($) | Option Awards ($) | Non-equity incentive plan compensation ($) | Non-qualified deferred compensation earnings ($) | All other compensation ($) | Total ($) | |||||||||||||||||||
Zhiguo Wang President, (1) | 2013 | 21,297 | — | — | — | — | — | — | 21,297 | |||||||||||||||||||
Chief Executive Officer | 2012 | 20,412 | — | — | 1,980,690 | — | — | — | 2,001,102 | |||||||||||||||||||
2011 | 15,757 | — | — | — | — | — | — | 15,757 | ||||||||||||||||||||
Adam Wasserman (2) | 2013 | 88,000 | — | — | — | — | — | — | 88,000 | |||||||||||||||||||
Chief Financial Officer | 2012 | 96,000 | — | — | — | — | — | — | 96,000 | |||||||||||||||||||
2011 | 40,000 | — | — | — | — | — | — | 40,000 | ||||||||||||||||||||
Guifang Qi (3) | 2013 | 11,267 | — | — | — | — | — | — | 11,267 | |||||||||||||||||||
Treasurer, YBP and Vice | 2012 | 13,291 | — | — | 245,202 | — | — | — | 258,493 | |||||||||||||||||||
General Manager, HDS | 2011 | 11,586 | — | — | — | — | — | — | 11,586 | |||||||||||||||||||
Xingming Han (4) | 2013 | 21,297 | — | — | — | — | — | — | 21,297 | |||||||||||||||||||
General Manager, HDS | 2012 | 20,412 | — | — | 21,015 | — | — | — | 41,427 | |||||||||||||||||||
2011 | 15,757 | — | — | — | — | — | — | 15,757 | ||||||||||||||||||||
Li Zhao (5) | 2013 | — | — | — | — | — | — | — | — | |||||||||||||||||||
Chief Financial Officer | 2012 | — | — | — | — | — | — | — | — | |||||||||||||||||||
2011 | 901 | — | — | — | — | — | — | 901 | ||||||||||||||||||||
Shiyi Li (6) | 2013 | — | — | — | — | — | — | — | — | |||||||||||||||||||
Chief Financial Officer | 2012 | — | — | — | — | — | — | — | — | |||||||||||||||||||
2011 | 2,188 | — | — | — | — | — | — | 2,188 |
(1) | Zhiguo Wang’s fiscal 2012 compensation includes the grant date fair value of 20,103,475 founder’s option valued at $1,980,690, or $0.0985 per option, using the Black-Scholes option pricing model. |
(2) | Adam Wasserman |
Guifang Qi’s fiscal 2012 compensation includes the grant date fair value of 2,488,737 founder’s options valued at $245,202, or $0.0985 per option, using the Black-Scholes option pricing model. | |
(4) | Xingming Han’s fiscal 2012 compensation includes the grant date fair value of 213,300 founder’s options valued at $21,015, or $0.0985 per option, using the Black-Scholes option pricing model. |
(5) | Li Zhao served as CFO from January 1, 2009 to March 10, 2011. |
(6) | Shiyi Li served as CFO from March 10, 2011 to September 1, 2011. |
● | each Founder’s Option is fully vested upon issuance; |
● | each Founder’s Option is exercisable for a period of five years from the date of issuance; |
● | each Founder’s Option is exercisable at $0.22 per share; and |
● | each Founder’s Option has a cashless exercise feature, pursuant to which, at the optionee’s election, he or she may choose to deliver previously-owned shares of YBP common stock in payment of the exercise price or not pay the exercise price of the Founder’s Option and receive instead a reduced number of shares of YBP common stock reflecting the value of the number of shares of YBP common stock equal to the difference, if any, between the aggregate fair market value of the shares issuable upon exercise of the Founder’s Option and the exercise price of the Founder’s Option. |
OPTION AWARDS | STOCK AWARDS | |||||||||||||||||||||
Name | Number of Securities Underlying Unexercised options (#) | Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#) | Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#) | Option Exercise Price ($) | Option Expiration Date | Number of Shares or Units of Stock that have not Vested (#) | Market Value of Shares or Units of Stock that have not Vested ($) | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights that have not Vested (#) | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or other Rights that have not Vested ($) | |||||||||||||
Zhiguo Wang | 20,103,475 | — | — | 0.22 | 12/13/2017 | — | — | — | — | |||||||||||||
Guifang Qi | 2,488,737 | — | — | 0.22 | 12/13/2017 | — | — | — | — | |||||||||||||
Xingming Han | 213,300 | — | — | 0.22 | 12/13/2017 | — | — | — | — |
● | $3.51 million in U.S. dollars on or before December 31, 2013. |
● | $4.29 million in U.S. dollars on or before May 31, 2015. |
Due to related parties | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Name of related party | September 30, 2012 | December 31, 2011 | |||||||||
Zhiguo Wang | $ | 54,409 | $ | 31,357 | |||||||
Yew Pharmaceutical | — | 62,847 | |||||||||
Madame Qi | 1,689 | — | |||||||||
ZTC | — | 172,284 | |||||||||
Total | $ | 56,098 | $ | 266,488 |
Name of related parties | 2013 | 2012 | ||||||
Zhiguo Wang | $ | 47,726 | $ | 45,976 | ||||
Guifang Qi | - | 1,900 | ||||||
ZTC | 4,802,911 | - | ||||||
Total | $ | 4,850,637 | $ | 47,876 |
Name and Address | Amount and Nature of Beneficial Ownership | Percentage of Class(1) | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Directors and Executive Officers: | ||||||||||
Zhiguo Wang (2)(3)(5) No.234, Gexin Street Nangang District, Harbin City People’s Republic of China | 24,558,349 | 49.12 | % | |||||||
Guifang Qi (2)(4)(5) No.234, Gexin Street Nangang District, Harbin City People’s Republic of China | 24,558,349 | 49.12 | % | |||||||
Xingming Han(5) Door 3, Floor 7, Unit 2, vice No.23 Tongzhan Street Xiangfang District, Harbin City People’s Republic of China | 213,300 | * | ||||||||
Adam Wasserman 1643 Royal Grove Way Weston, FL 33327 | 0 | 0 | % | |||||||
All Directors and Executive Officers as a group (4 persons) (5) | 24,771,649 | 49.54 | % |
Name and Address | Amount and Nature of Beneficial Ownership | Percentage of Class(1) | |||||||
Directors and Executive Officers: | |||||||||
Zhiguo Wang (2)(3) No.234, Gexin Street Nangang District, Harbin City People’s Republic of China | 47,150,561 | 64.76 | % | ||||||
Guifang Qi (2)(4) No.234, Gexin Street Nangang District, Harbin City People’s Republic of China | 47,150,561 | 64.76 | % | ||||||
Xingming Han(5) Door 3, Floor 7, Unit 2, vice No.23 Tongzhan Street Xiangfang District, Harbin City People’s Republic of China | 426,600 | * | |||||||
All Directors and Executive Officers as a group (3persons) | 47,577,161 | 65.35 | % |
* | less than 1% |
(1) |
(2) | Zhiguo Wang and Guifang Qi are husband and wife. |
(3) | Consists of (i) 20,103,475 shares held by Mr. Wang; (ii) 2,488,737 shares held by Madame Qi; |
(4) | Consists of (i) 2,488,737 shares held by Madame Qi; (ii) 20,103,475 shares held by Mr. Wang; |
(5) |
the shares of common stock for which the Founders’ Options may be exercised. For more information, regarding the terms of the Founders’ Options, see “Our Business — Recapitalization”.
Shares Beneficially Owned Prior to the Offering (1) | Shares Being Offered | Shares Beneficially Owned After the Offering (1) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner | Number | Percentage (2) | Number | Percentage (2) | |||||||||||||||||||
Tie Zhi Cheng | 474 | * | 474 | 0 | * | ||||||||||||||||||
Guangqing Yang | 498 | * | 498 | 0 | * | ||||||||||||||||||
Qingsheng Liu | 498 | * | 498 | 0 | * | ||||||||||||||||||
Yong An Zhao | 498 | * | 498 | 0 | * | ||||||||||||||||||
Yong Qiang Han | 498 | * | 498 | 0 | * | ||||||||||||||||||
Zhen Da Zhou | 498 | * | 498 | 0 | * | ||||||||||||||||||
Bing Ying Wang | 790 | * | 790 | 0 | * | ||||||||||||||||||
Guixiang Zhang | 790 | * | 790 | 0 | * | ||||||||||||||||||
Jing Yan Shao | 790 | * | 790 | 0 | * | ||||||||||||||||||
Jing Yue Peng | 790 | * | 790 | 0 | * | ||||||||||||||||||
Ning Shu Yang | 790 | * | 790 | 0 | * | ||||||||||||||||||
Liping Liu | 830 | * | 830 | 0 | * | ||||||||||||||||||
Liping Sun | 830 | * | 830 | 0 | * | ||||||||||||||||||
Jin Dong Wang | 878 | * | 878 | 0 | * | ||||||||||||||||||
Gui Mei Zhang | 965 | * | 965 | 0 | * | ||||||||||||||||||
Hong Xu Ji | 965 | * | 965 | 0 | * | ||||||||||||||||||
Meng Lan Yuan | 965 | * | 965 | 0 | * | ||||||||||||||||||
Min Luo | 965 | * | 965 | 0 | * | ||||||||||||||||||
Ning Zhang | 965 | * | 965 | 0 | * | ||||||||||||||||||
Peiye Ma | 965 | * | 965 | 0 | * | ||||||||||||||||||
Qing Yuan Jiang | 965 | * | 965 | 0 | * | ||||||||||||||||||
Ri Qiang Lu | 965 | * | 965 | 0 | * | ||||||||||||||||||
Rui Sun | 965 | * | 965 | 0 | * | ||||||||||||||||||
Shijie Guo | 965 | * | 965 | 0 | * | ||||||||||||||||||
Wei Dong Zhang | 965 | * | 965 | 0 | * | ||||||||||||||||||
Wei Na | 965 | * | 965 | 0 | * | ||||||||||||||||||
Yan Ling Zhao | 965 | * | 965 | 0 | * | ||||||||||||||||||
Yan Zuo | 965 | * | 965 | 0 | * | ||||||||||||||||||
Yong Wang | 965 | * | 965 | 0 | * | ||||||||||||||||||
Yongfa Guo | 965 | * | 965 | 0 | * | ||||||||||||||||||
Zhong Wei Wang | 965 | * | 965 | 0 | * | ||||||||||||||||||
Zu Bin Sun | 965 | * | 965 | 0 | * | ||||||||||||||||||
Honghai Sun | 995 | * | 995 | 0 | * | ||||||||||||||||||
Jianru Shao | 995 | * | 995 | 0 | * | ||||||||||||||||||
Weidong Song | 995 | * | 995 | 0 | * | ||||||||||||||||||
Shi Ying Yang | 1,024 | * | 1,024 | 0 | * |
Beneficial Ownership Prior to Offering | Beneficial Ownership After the Offering | |||||||||||||||||||
Name of Beneficial Owner | # Shares(1) | Percentage | # Shares Offered | # Shares | Percentage(2) | |||||||||||||||
Tie Zhi Cheng | 474 | * | 474 | 0 | * | |||||||||||||||
Guangqing Yang | 498 | * | 498 | 0 | * | |||||||||||||||
Qingsheng Liu | 498 | * | 498 | 0 | * | |||||||||||||||
Yong An Zhao | 498 | * | 498 | 0 | * | |||||||||||||||
Yong Qiang Han | 498 | * | 498 | 0 | * | |||||||||||||||
Zhen Da Zhou | 498 | * | 498 | 0 | * | |||||||||||||||
Bing Ying Wang | 790 | * | 790 | 0 | * | |||||||||||||||
Guixiang Zhang | 790 | * | 790 | 0 | * | |||||||||||||||
Jing Yan Shao | 790 | * | 790 | 0 | * | |||||||||||||||
Jing Yue Peng | 790 | * | 790 | 0 | * | |||||||||||||||
Ning Shu Yang | 790 | * | 790 | 0 | * | |||||||||||||||
Liping Liu | 830 | * | 830 | 0 | * | |||||||||||||||
Liping Sun | 830 | * | 830 | 0 | * | |||||||||||||||
Jin Dong Wang | 878 | * | 878 | 0 | * | |||||||||||||||
Gui Mei Zhang | 965 | * | 965 | 0 | * | |||||||||||||||
Hong Xu Ji | 965 | * | 965 | 0 | * | |||||||||||||||
Meng Lan Yuan | 965 | * | 965 | 0 | * | |||||||||||||||
Min Luo | 965 | * | 965 | 0 | * | |||||||||||||||
Ning Zhang | 965 | * | 965 | 0 | * | |||||||||||||||
Peiye Ma | 965 | * | 965 | 0 | * | |||||||||||||||
Qing Yuan Jiang | 965 | * | 965 | 0 | * | |||||||||||||||
Ri Qiang Lu | 965 | * | 965 | 0 | * | |||||||||||||||
Rui Sun | 965 | * | 965 | 0 | * | |||||||||||||||
Shijie Guo | 965 | * | 965 | 0 | * | |||||||||||||||
Wei Dong Zhang | 965 | * | 965 | 0 | * | |||||||||||||||
Wei Na | 965 | * | 965 | 0 | * | |||||||||||||||
Yan Ling Zhao | 965 | * | 965 | 0 | * | |||||||||||||||
Yan Zuo | 965 | * | 965 | 0 | * | |||||||||||||||
Yong Wang | 965 | * | 965 | 0 | * | |||||||||||||||
Yongfa Guo | 965 | * | 965 | 0 | * | |||||||||||||||
Zhong Wei Wang | 965 | * | 965 | 0 | * | |||||||||||||||
Zu Bin Sun | 965 | * | 965 | 0 | * | |||||||||||||||
Honghai Sun | 995 | * | 995 | 0 | * | |||||||||||||||
Jianru Shao | 995 | * | 995 | 0 | * | |||||||||||||||
Weidong Song | 995 | * | 995 | 0 | * | |||||||||||||||
Shi Ying Yang | 1,024 | * | 1,024 | 0 | * | |||||||||||||||
Zhi Ling Shan | 1,024 | * | 1,024 | 0 | * | |||||||||||||||
Li Zhang | 1,043 | * | 1,043 | 0 | * | |||||||||||||||
Fajun Lian | 1,493 | * | 1,493 | 0 | * | |||||||||||||||
Hong Xia Li | 1,493 | * | 1,493 | 0 | * | |||||||||||||||
Li Zhang | 1,493 | * | 1,493 | 0 | * | |||||||||||||||
Qingbin Zhu | 1,493 | * | 1,493 | 0 | * | |||||||||||||||
Qiyuan Zhao | 1,493 | * | 1,493 | 0 | * | |||||||||||||||
Shu Qin Zhang | 1,493 | * | 1,493 | 0 | * | |||||||||||||||
Xiaorong E | 1,493 | * | 1,493 | 0 | * | |||||||||||||||
Jun Yang | 1,536 | * | 1,536 | 0 | * | |||||||||||||||
Li Zhu Zhai | 1,536 | * | 1,536 | 0 | * | |||||||||||||||
Xi Bin Wang | 1,536 | * | 1,536 | 0 | * | |||||||||||||||
Xing Kui Li | 1,536 | * | 1,536 | 0 | * | |||||||||||||||
Feng Ying Zhao | 1,564 | * | 1,564 | 0 | * | |||||||||||||||
Meng Li Wang | 1,564 | * | 1,564 | 0 | * | |||||||||||||||
Shuang Jun Cao | 1,564 | * | 1,564 | 0 | * | |||||||||||||||
Fengzhen Yang | 1,580 | * | 1,580 | 0 | * | |||||||||||||||
Jian Xie | 1,580 | * | 1,580 | 0 | * | |||||||||||||||
Li Sun | 1,580 | * | 1,580 | 0 | * | |||||||||||||||
Liu Dan Li | 1,580 | * | 1,580 | 0 | * | |||||||||||||||
Ming Yang Liu | 1,580 | * | 1,580 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) | Shares Being Offered | Shares Beneficially Owned After the Offering (1) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner | Number | Percentage (2) | Number | Percentage (2) | |||||||||||||||||||
Zhi Ling Shan | 1,024 | * | 1,024 | 0 | * | ||||||||||||||||||
Li Zhang | 1,043 | * | 1,043 | 0 | * | ||||||||||||||||||
Fajun Lian | 1,493 | * | 1,493 | 0 | * | ||||||||||||||||||
Hong Xia Li | 1,493 | * | 1,493 | 0 | * | ||||||||||||||||||
Li Zhang | 1,493 | * | 1,493 | 0 | * | ||||||||||||||||||
Qingbin Zhu | 1,493 | * | 1,493 | 0 | * | ||||||||||||||||||
Qiyuan Zhao | 1,493 | * | 1,493 | 0 | * | ||||||||||||||||||
Shu Qin Zhang | 1,493 | * | 1,493 | 0 | * | ||||||||||||||||||
Xiaorong E | 1,493 | * | 1,493 | 0 | * | ||||||||||||||||||
Jun Yang | 1,536 | * | 1,536 | 0 | * | ||||||||||||||||||
Li Zhu Zhai | 1,536 | * | 1,536 | 0 | * | ||||||||||||||||||
Xi Bin Wang | 1,536 | * | 1,536 | 0 | * | ||||||||||||||||||
Xing Kui Li | 1,536 | * | 1,536 | 0 | * | ||||||||||||||||||
Feng Ying Zhao | 1,564 | * | 1,564 | 0 | * | ||||||||||||||||||
Meng Li Wang | 1,564 | * | 1,564 | 0 | * | ||||||||||||||||||
Shuang Jun Cao | 1,564 | * | 1,564 | 0 | * | ||||||||||||||||||
Fengzhen Yang | 1,580 | * | 1,580 | 0 | * | ||||||||||||||||||
Jian Xie | 1,580 | * | 1,580 | 0 | * | ||||||||||||||||||
Li Sun | 1,580 | * | 1,580 | 0 | * | ||||||||||||||||||
Liu Dan Li | 1,580 | * | 1,580 | 0 | * | ||||||||||||||||||
Ming Yang Liu | 1,580 | * | 1,580 | 0 | * | ||||||||||||||||||
Wei Quan Zhou | 1,580 | * | 1,580 | 0 | * | ||||||||||||||||||
Xiu Lian Zhang | 1,580 | * | 1,580 | 0 | * | ||||||||||||||||||
Yajie Liu | 1,580 | * | 1,580 | 0 | * | ||||||||||||||||||
Ying Cao | 1,580 | * | 1,580 | 0 | * | ||||||||||||||||||
Yuming Li | 1,580 | * | 1,580 | 0 | * | ||||||||||||||||||
Zhanhua Chen | 1,580 | * | 1,580 | 0 | * | ||||||||||||||||||
Zhenwen Li | 1,580 | * | 1,580 | 0 | * | ||||||||||||||||||
Hongman Yu | 1,659 | * | 1,659 | 0 | * | ||||||||||||||||||
Jihai Song | 1,659 | * | 1,659 | 0 | * | ||||||||||||||||||
Jun Meng | 1,659 | * | 1,659 | 0 | * | ||||||||||||||||||
Lanying Wang | 1,659 | * | 1,659 | 0 | * | ||||||||||||||||||
Shuchun Zhang | 1,659 | * | 1,659 | 0 | * | ||||||||||||||||||
Shujian Sun | 1,659 | * | 1,659 | 0 | * | ||||||||||||||||||
Shuxiang Sun | 1,659 | * | 1,659 | 0 | * | ||||||||||||||||||
Wen Xin Chen | 1,659 | * | 1,659 | 0 | * | ||||||||||||||||||
Yandong Song | 1,659 | * | 1,659 | 0 | * | ||||||||||||||||||
Yukun Liu | 1,659 | * | 1,659 | 0 | * | ||||||||||||||||||
Zhaohui Geng | 1,659 | * | 1,659 | 0 | * | ||||||||||||||||||
Guang Hua Xie | 1,706 | * | 1,706 | 0 | * | ||||||||||||||||||
Gui Min Zhao | 1,706 | * | 1,706 | 0 | * | ||||||||||||||||||
Qiang Jia | 1,706 | * | 1,706 | 0 | * | ||||||||||||||||||
Cui Ping Yin | 1,722 | * | 1,722 | 0 | * | ||||||||||||||||||
Huaibin Huang | 1,738 | * | 1,738 | 0 | * | ||||||||||||||||||
Hui Mei Shang | 1,738 | * | 1,738 | 0 | * | ||||||||||||||||||
Jun Li Liu | 1,738 | * | 1,738 | 0 | * | ||||||||||||||||||
Li Hua Zhou | 1,738 | * | 1,738 | 0 | * | ||||||||||||||||||
Ling Lu | 1,738 | * | 1,738 | 0 | * | ||||||||||||||||||
Ling Ma | 1,738 | * | 1,738 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) | Shares Being Offered | Shares Beneficially Owned After the Offering (1) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner | Number | Percentage (2) | Number | Percentage (2) | |||||||||||||||||||
Shu Mei Zhang | 1,738 | * | 1,738 | 0 | * | ||||||||||||||||||
Tie Li Wang | 1,738 | * | 1,738 | 0 | * | ||||||||||||||||||
Wen Li Xu | 1,738 | * | 1,738 | 0 | * | ||||||||||||||||||
Xiaowei Wang | 1,738 | * | 1,738 | 0 | * | ||||||||||||||||||
Yurong Cao | 1,738 | * | 1,738 | 0 | * | ||||||||||||||||||
Zhigang Feng | 1,738 | * | 1,738 | 0 | * | ||||||||||||||||||
Ning Xin | 1,755 | * | 1,755 | 0 | * | ||||||||||||||||||
Changjiang Yang | 1,930 | * | 1,930 | 0 | * | ||||||||||||||||||
Chunrong Yang | 1,930 | * | 1,930 | 0 | * | ||||||||||||||||||
Cheng Yu Wang | 1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Dacheng Wang | 1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Fu Wei Zhang | 1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Gui Ying Ma | 1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Guiling Zhang | 1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Guoqiang Xie | 1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Hong Ying Wang | 1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Hui Jun Han | 1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Jin Zhi Wang | 1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Juan Du | 1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Li Dong | 1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Li Liu | 1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Lihong Zou | 1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Ming Kai Ren | 1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Rui Xiang Han | 1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Shu Ran Miao | 1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Xiufen Li | 1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Zhao Ge Wang | 1,931 | * | 1,931 | 0 | * | ||||||||||||||||||
Gui Lan Zhang | 1,991 | * | 1,991 | 0 | * | ||||||||||||||||||
Lin Li | 1,991 | * | 1,991 | 0 | * | ||||||||||||||||||
Ying Pan | 1,991 | * | 1,991 | 0 | * | ||||||||||||||||||
Xiang De Yu | 2,074 | * | 2,074 | 0 | * | ||||||||||||||||||
Tao Yang | 2,086 | * | 2,086 | 0 | * | ||||||||||||||||||
Bin Chen | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Chang Qing Li | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Dong Wei Wang | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Gongwei Yang | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Gui Rong Wang | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Hao Qi Chen | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Hui Lin Qiao | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Jun Wang | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Jun Wu | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Lan Ying Wang | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Lei Bao | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Li Ping Zhang | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Qiuhong Ma | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Quan An Cao | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Shi Xiang Jia | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Shu Hua Qu | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Shufang Sun | 2,370 | * | 2,370 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) | Shares Being Offered | Shares Beneficially Owned After the Offering (1) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner | Number | Percentage (2) | Number | Percentage (2) | |||||||||||||||||||
Tong Xu | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Wen Long Yang | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Wen Qing Liu | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Xiang Zhe Zheng | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Xianhua Hua | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Xiao Dong Wang | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Xiao Hong Yang | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Xiu Ling Wang | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Xu Gui Xie | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Yu Ming He | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Yu Qin Liu | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Yumei Wang | 2,370 | * | 2,370 | 0 | * | ||||||||||||||||||
Gui Zhi Yang | 2,413 | * | 2,413 | 0 | * | ||||||||||||||||||
Yong Hai Yu | 2,413 | * | 2,413 | 0 | * | ||||||||||||||||||
Cheng Hui Tang | 2,489 | * | 2,489 | 0 | * | ||||||||||||||||||
Jun Li | 2,489 | * | 2,489 | 0 | * | ||||||||||||||||||
Li Yan Hua | 2,489 | * | 2,489 | 0 | * | ||||||||||||||||||
Shu Min Gao | 2,489 | * | 2,489 | 0 | * | ||||||||||||||||||
Zhende Zhang | 2,489 | * | 2,489 | 0 | * | ||||||||||||||||||
Zhi Ping Xiao | 2,489 | * | 2,489 | 0 | * | ||||||||||||||||||
Guo Zhen Dai | 2,545 | * | 2,545 | 0 | * | ||||||||||||||||||
Dian Jin Luan | 2,560 | * | 2,560 | 0 | * | ||||||||||||||||||
Jian Zhang | 2,560 | * | 2,560 | 0 | * | ||||||||||||||||||
Huan Qin Liu | 2,607 | * | 2,607 | 0 | * | ||||||||||||||||||
Jin Song | 2,607 | * | 2,607 | 0 | * | ||||||||||||||||||
Lifang Zhu | 2,607 | * | 2,607 | 0 | * | ||||||||||||||||||
Shu Jie Jiang | 2,607 | * | 2,607 | 0 | * | ||||||||||||||||||
Yan Han | 2,607 | * | 2,607 | 0 | * | ||||||||||||||||||
Zhiguo Liu | 2,607 | * | 2,607 | 0 | * | ||||||||||||||||||
Shi Guo Liang | 2,752 | * | 2,752 | 0 | * | ||||||||||||||||||
Chun Hui Jia | 2,765 | * | 2,765 | 0 | * | ||||||||||||||||||
Shu Qing Sun | 2,852 | * | 2,852 | 0 | * | ||||||||||||||||||
Gui Mei Shi | 2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Hua Li | 2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Hui Jiang | 2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Hui Zhu | 2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Huiying Liu | 2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Jia Zhi Wang | 2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Jingshu Lv | 2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Li Bin Du | 2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Li Juan Xia | 2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Li Ping Yang | 2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Li Tang | 2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Qing Ren Li | 2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Rui Yue | 2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Wen Xian Dong | 2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Xianzhang Sun | 2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Xin Yun Wang | 2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Yan Ping Qu | 2,896 | * | 2,896 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) | Shares Being Offered | Shares Beneficially Owned After the Offering (1) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner | Number | Percentage (2) | Number | Percentage (2) | |||||||||||||||||||
Yi Tao Lang | 2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Yu Qin Wang | 2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Yu Zhang Yue | 2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Zhengguang Shao | 2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Zhenmei Qu | 2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Zhiqiang Wang | 2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Zhiwei Tian | 2,896 | * | 2,896 | 0 | * | ||||||||||||||||||
Feng Hu Ma | 2,986 | * | 2,986 | 0 | * | ||||||||||||||||||
Xi Qin Wang | 3,072 | * | 3,072 | 0 | * | ||||||||||||||||||
Lin Juan Xu | 3,128 | * | 3,128 | 0 | * | ||||||||||||||||||
Xiaoli Xu | 3,160 | * | 3,160 | 0 | * | ||||||||||||||||||
Xiuzhi Zhao | 3,160 | * | 3,160 | 0 | * | ||||||||||||||||||
Congge Tang | 3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Dingli Sun | 3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Fenglan Guan | 3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Guiying Song | 3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Guizhi Yin | 3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Hongnan Yu | 3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Jihua Zhang | 3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Jinxia Lu | 3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Jirong Zhang | 3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Lihua Zhang | 3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Linglin Chen | 3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Shuying Zhang | 3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Xiuhua Cao | 3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Xiujuan Li | 3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Ying Sun | 3,318 | * | 3,318 | 0 | * | ||||||||||||||||||
Hong Kuai Feng | 3,413 | * | 3,413 | 0 | * | ||||||||||||||||||
Zhan Xiang Zhang | 3,413 | * | 3,413 | 0 | * | ||||||||||||||||||
Fu Yu | 3,476 | * | 3,476 | 0 | * | ||||||||||||||||||
Guang Fa Zhang | 3,476 | * | 3,476 | 0 | * | ||||||||||||||||||
Gui Qin Zhang | 3,476 | * | 3,476 | 0 | * | ||||||||||||||||||
Hua Geng | 3,476 | * | 3,476 | 0 | * | ||||||||||||||||||
Jian Fu Zhang | 3,476 | * | 3,476 | 0 | * | ||||||||||||||||||
Jing Li | 3,476 | * | 3,476 | 0 | * | ||||||||||||||||||
Li Ming Hu | 3,476 | * | 3,476 | 0 | * | ||||||||||||||||||
Liqiu Wang | 3,476 | * | 3,476 | 0 | * | ||||||||||||||||||
Min Feng Zhang | 3,476 | * | 3,476 | 0 | * | ||||||||||||||||||
Xuejun Li | 3,476 | * | 3,476 | 0 | * | ||||||||||||||||||
Xueru Cai | 3,476 | * | 3,476 | 0 | * | ||||||||||||||||||
Yanjie Yu | 3,476 | * | 3,476 | 0 | * | ||||||||||||||||||
Zhong Shan Yang | 3,583 | * | 3,583 | 0 | * | ||||||||||||||||||
Jing Zhi Yu | 3,862 | * | 3,862 | 0 | * | ||||||||||||||||||
Changjun Wang | 3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Dongyu Wang | 3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Feng Yan Gai | 3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Fenglan Liu | 3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Hong Yun Jiang | 3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Jian Jun Yang | 3,950 | * | 3,950 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) | Shares Being Offered | Shares Beneficially Owned After the Offering (1) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner | Number | Percentage (2) | Number | Percentage (2) | |||||||||||||||||||
Jie Zhao | 3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Jing Hai Li | 3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Jingzhi Peng | 3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Jun Yang | 3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Lianyu Wang | 3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Qiang Miao | 3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Suping Zhu | 3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Xiang Dong Yu | 3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Xiu Qiu Wang | 3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Xun Zhou | 3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Ya Lin Jiang | 3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Ya Qin Wang | 3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Yun Zhen Zuo | 3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Zhong Hua Fu | 3,950 | * | 3,950 | 0 | * | ||||||||||||||||||
Ying Chen | 3,982 | * | 3,982 | 0 | * | ||||||||||||||||||
Qiulan Bian | 4,029 | * | 4,029 | 0 | * | ||||||||||||||||||
Yaqin Zhao | 4,108 | * | 4,108 | 0 | * | ||||||||||||||||||
Jianbo He | 4,213 | * | 4,213 | 0 | * | ||||||||||||||||||
Hong Jun Fu | 4,227 | * | 4,227 | 0 | * | ||||||||||||||||||
Ya Wen Gao | 4,266 | * | 4,266 | 0 | * | ||||||||||||||||||
Ji Chao Wang | 4,345 | * | 4,345 | 0 | * | ||||||||||||||||||
Jin Qi Jiang | 4,345 | * | 4,345 | 0 | * | ||||||||||||||||||
Lihua Sun | 4,345 | * | 4,345 | 0 | * | ||||||||||||||||||
Shao Chen Song | 4,345 | * | 4,345 | 0 | * | ||||||||||||||||||
Xu Zhang | 4,345 | * | 4,345 | 0 | * | ||||||||||||||||||
Xuemei Zheng | 4,345 | * | 4,345 | 0 | * | ||||||||||||||||||
Chang Hai Li | 4,388 | * | 4,388 | 0 | * | ||||||||||||||||||
Zhaojie Zhang | 4,441 | * | 4,441 | 0 | * | ||||||||||||||||||
Ming Cai Ye | 4,608 | * | 4,608 | 0 | * | ||||||||||||||||||
Deyi Sun | 4,740 | * | 4,740 | 0 | * | ||||||||||||||||||
Ji Xiang Wang | 4,740 | * | 4,740 | 0 | * | ||||||||||||||||||
Jialan Huang | 4,740 | * | 4,740 | 0 | * | ||||||||||||||||||
Shuqing Zhang | 4,740 | * | 4,740 | 0 | * | ||||||||||||||||||
Wei Xie | 4,740 | * | 4,740 | 0 | * | ||||||||||||||||||
Yuying Li | 4,826 | * | 4,826 | 0 | * | ||||||||||||||||||
Guo Hui Wang | 4,827 | * | 4,827 | 0 | * | ||||||||||||||||||
Jian Chun Qi | 4,827 | * | 4,827 | 0 | * | ||||||||||||||||||
Shu Ran Zheng | 4,827 | * | 4,827 | 0 | * | ||||||||||||||||||
Yanli Ma | 4,827 | * | 4,827 | 0 | * | ||||||||||||||||||
Bing Yan Cui | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Chunzhu Yang | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Daowei Zhou | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
De Xiang Sun | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Fan Lu Bai | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Feng Qin Hao | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Gui Jie Zhang | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Guiying Zhou | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Guo Wei | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Hong Wei Zhang | 4,828 | * | 4,828 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) | Shares Being Offered | Shares Beneficially Owned After the Offering (1) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner | Number | Percentage (2) | Number | Percentage (2) | |||||||||||||||||||
Hui Dan Lu | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Jiang Li | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Jie Zhang | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Jin Guo Zhang | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Jin Song Wu | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Jing Yang | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Jingwu Zhang | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Jun Hui Liu | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Lanxiang Li | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Li Ping Yang | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Li Yu | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Lijun Zhao | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Mei Ying Xin | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Mingwen Zhao | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Ping Zhao | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Qing Zhi Liu | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Ru Xiao | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Ruihua Sun | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Shang Wei Hu | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Shou Feng Du | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Shuyuan Lu | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Tiejun Liang | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Ting Xiang Lv | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Wan He Qin | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Wen Chen Zhang | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Wen Peng | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Xiang Li Ma | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Xiao Xiang Lan | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Xin Liu | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Xing Wei Jiang | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Xirong Zhao | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Xiuyan Ben | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Yan Fei Sun | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Yan Hong Gao | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Yang Liu | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Yanlin Zhang | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Yongping Hu | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Yu Ping Xu | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Yu Qin He | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Yu Rong Su | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Yulan Yan | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Yun Bai | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Yuqin Ye | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Zhanlin Zhang | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Zhi An Tao | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Zhi Ling Wang | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Zhimin Li | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Zhiying Zhang | 4,828 | * | 4,828 | 0 | * | ||||||||||||||||||
Zu En Hu | 4,828 | * | 4,828 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) | Shares Being Offered | Shares Beneficially Owned After the Offering (1) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner | Number | Percentage (2) | Number | Percentage (2) | |||||||||||||||||||
Hong Li | 4,898 | * | 4,898 | 0 | * | ||||||||||||||||||
Chang Yu Zhang | 4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Chunbo Zhao | 4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Jie Ming | 4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Jumei Sun | 4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Laibin Zhao | 4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Lihong Tian | 4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Wei Qiang Ji | 4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Wenli Zhao | 4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Xikui Qiao | 4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Xiu Lian Sun | 4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Yanju Zhao | 4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Ying Huang | 4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Yong Wei Han | 4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Yongxia Zhu | 4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Zhengze Huang | 4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Zhi Min Liu | 4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Zhiling Li | 4,977 | * | 4,977 | 0 | * | ||||||||||||||||||
Dewei Zhao | 5,000 | * | 5,000 | 0 | * | ||||||||||||||||||
Jianyi Yang | 5,000 | * | 5,000 | 0 | * | ||||||||||||||||||
Ping Han | 5,000 | * | 5,000 | 0 | * | ||||||||||||||||||
Shi Yi Li | 5,000 | * | 5,000 | 0 | * | ||||||||||||||||||
Wei Cao | 5,000 | * | 5,000 | 0 | * | ||||||||||||||||||
Xiaofeng Li | 5,000 | * | 5,000 | 0 | * | ||||||||||||||||||
Xue Wang | 5,000 | * | 5,000 | 0 | * | ||||||||||||||||||
Ling Shan Kong | 5,119 | * | 5,119 | 0 | * | ||||||||||||||||||
Qiao Lian Wang | 5,119 | * | 5,119 | 0 | * | ||||||||||||||||||
Dongmei Liu | 5,214 | * | 5,214 | 0 | * | ||||||||||||||||||
Feng Hong Liang | 5,214 | * | 5,214 | 0 | * | ||||||||||||||||||
He An Wang | 5,214 | * | 5,214 | 0 | * | ||||||||||||||||||
Jing Zhao | 5,214 | * | 5,214 | 0 | * | ||||||||||||||||||
Ku Chen | 5,214 | * | 5,214 | 0 | * | ||||||||||||||||||
Lan Rong Zou | 5,214 | * | 5,214 | 0 | * | ||||||||||||||||||
Ping Li | 5,214 | * | 5,214 | 0 | * | ||||||||||||||||||
Xiao Dong Liu | 5,214 | * | 5,214 | 0 | * | ||||||||||||||||||
Jun Lv | 5,530 | * | 5,530 | 0 | * | ||||||||||||||||||
Zhiyuan Sun | 5,530 | * | 5,530 | 0 | * | ||||||||||||||||||
Hui Li | 5,609 | * | 5,609 | 0 | * | ||||||||||||||||||
Shuqin Zhang | 5,609 | * | 5,609 | 0 | * | ||||||||||||||||||
Lianshan Chen | 5,688 | * | 5,688 | 0 | * | ||||||||||||||||||
Chunying Yang | 5,793 | * | 5,793 | 0 | * | ||||||||||||||||||
Sheng Jiang Liu | 5,793 | * | 5,793 | 0 | * | ||||||||||||||||||
Shukun Mao | 5,793 | * | 5,793 | 0 | * | ||||||||||||||||||
Xueshen Xu | 5,793 | * | 5,793 | 0 | * | ||||||||||||||||||
Qing Guo Wang | 6,070 | * | 6,070 | 0 | * | ||||||||||||||||||
Kaimei Tan | 6,083 | * | 6,083 | 0 | * | ||||||||||||||||||
Yi Fei Lin | 6,083 | * | 6,083 | 0 | * | ||||||||||||||||||
Feng Jun Xi | 6,276 | * | 6,276 | 0 | * | ||||||||||||||||||
Rong Guo Li | 6,320 | * | 6,320 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) | Shares Being Offered | Shares Beneficially Owned After the Offering (1) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner | Number | Percentage (2) | Number | Percentage (2) | |||||||||||||||||||
Yan Hua Li | 6,320 | * | 6,320 | 0 | * | ||||||||||||||||||
Yong Zheng | 6,350 | * | 6,350 | 0 | * | ||||||||||||||||||
Songling Li | 6,372 | * | 6,372 | 0 | * | ||||||||||||||||||
Yueying Yu | 6,478 | * | 6,478 | 0 | * | ||||||||||||||||||
Shu Qin Han | 6,510 | * | 6,510 | 0 | * | ||||||||||||||||||
Xiaoxia Xie | 6,636 | * | 6,636 | 0 | * | ||||||||||||||||||
Feng Xian Zhao | 6,758 | * | 6,758 | 0 | * | ||||||||||||||||||
Feng Ying Tang | 6,758 | * | 6,758 | 0 | * | ||||||||||||||||||
Qing Sheng Li | 6,758 | * | 6,758 | 0 | * | ||||||||||||||||||
Xiu Rong Liu | 6,758 | * | 6,758 | 0 | * | ||||||||||||||||||
Anrong Wang | 6,952 | * | 6,952 | 0 | * | ||||||||||||||||||
Guishan Wang | 6,952 | * | 6,952 | 0 | * | ||||||||||||||||||
Xiuyun Zhang | 6,952 | * | 6,952 | 0 | * | ||||||||||||||||||
Lifen Li | 7,110 | * | 7,110 | 0 | * | ||||||||||||||||||
Bao Yu Xu | 7,338 | * | 7,338 | 0 | * | ||||||||||||||||||
Bingyou Feng | 7,466 | * | 7,466 | 0 | * | ||||||||||||||||||
Feng Qing Yu | 7,466 | * | 7,466 | 0 | * | ||||||||||||||||||
Huimin Tian | 7,466 | * | 7,466 | 0 | * | ||||||||||||||||||
Jiafang Xu | 7,466 | * | 7,466 | 0 | * | ||||||||||||||||||
Tong Chen | 7,466 | * | 7,466 | 0 | * | ||||||||||||||||||
Xueqiu Yu | 7,466 | * | 7,466 | 0 | * | ||||||||||||||||||
Guangren Zhang | 7,724 | * | 7,724 | 0 | * | ||||||||||||||||||
Honghua Zhen | 7,724 | * | 7,724 | 0 | * | ||||||||||||||||||
Li Feng | 7,724 | * | 7,724 | 0 | * | ||||||||||||||||||
Li Zhao | 7,724 | * | 7,724 | 0 | * | ||||||||||||||||||
Xi Ling Tong | 7,724 | * | 7,724 | 0 | * | ||||||||||||||||||
Lai Fa Wang | 7,821 | * | 7,821 | 0 | * | ||||||||||||||||||
Yan Song Zhao | 7,899 | * | 7,899 | 0 | * | ||||||||||||||||||
Chongbin Xiu | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Deling Wang | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Fenghua Li | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Fengqin Li | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Guanghua Liang | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Guihua Yu | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Guiqin Liu | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Haiquan Yang | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Haitao Yang | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Hong Li | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Huawei Mao | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Li Zhao | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Liping Xu | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Liyuan Sun | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Shouxin Ye | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Shubin Cheng | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Shuqing Wang | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Wan Zhu Liu | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Xiao Dong Liu | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Xuehua Wang | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Ya Bin Yu | 7,900 | * | 7,900 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) | Shares Being Offered | Shares Beneficially Owned After the Offering (1) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner | Number | Percentage (2) | Number | Percentage (2) | |||||||||||||||||||
Yanping Dong | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Yanxi Wu | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Ying Fu | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Yongxin Hao | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Yu Qin Shan | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Zhenfeng Wang | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Zhenjia Liu | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Zhizhong Tao | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Zun Li Gao | 7,900 | * | 7,900 | 0 | * | ||||||||||||||||||
Qinghua Wu | 7,917 | * | 7,917 | 0 | * | ||||||||||||||||||
Yan Jin | 8,110 | * | 8,110 | 0 | * | ||||||||||||||||||
Jingzhi Sun | 8,137 | * | 8,137 | 0 | * | ||||||||||||||||||
Fenglan Gao | 8,295 | * | 8,295 | 0 | * | ||||||||||||||||||
Kunjun Xu | 8,295 | * | 8,295 | 0 | * | ||||||||||||||||||
Wanyou Li | 8,295 | * | 8,295 | 0 | * | ||||||||||||||||||
Wenming Guo | 8,295 | * | 8,295 | 0 | * | ||||||||||||||||||
Xiaojie Wang | 8,295 | * | 8,295 | 0 | * | ||||||||||||||||||
Tonghua Li | 8,496 | * | 8,496 | 0 | * | ||||||||||||||||||
Shu Fen Lu | 8,532 | * | 8,532 | 0 | * | ||||||||||||||||||
Su Zhen Wang | 8,532 | * | 8,532 | 0 | * | ||||||||||||||||||
Xueqin Wang | 8,532 | * | 8,532 | �� | 0 | * | |||||||||||||||||
Guan Wang | 8,688 | * | 8,688 | 0 | * | ||||||||||||||||||
Bai Gang He | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Bao Xiang Yu | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Baoli Wang | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Chang Jiang Xia | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Changhai Guo | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Cheng Lin Sun | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Gui Zhi Sang | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Hongju Liu | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Hongyin Wu | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Hui Tang | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Hui Zhang | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Jing Shen | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Jinwen Fan | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Jinxi Zheng | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Jun Li | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Lan Hu | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Lijun Meng | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Ling Wang | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Luxia Ma | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Mingdong Zhang | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Nong Hua Tang | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Qi Sun | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Shou Zhi Wei | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Shu You Gou | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Shuyuan Li | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Songzhi Ding | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Tong Tong | 8,690 | * | 8,690 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) | Shares Being Offered | Shares Beneficially Owned After the Offering (1) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner | Number | Percentage (2) | Number | Percentage (2) | |||||||||||||||||||
Wei Ze Sun | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Weiqi Wang | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Wenying Liu | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Xia Jiang | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Xiu Ping Du | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Xiu Yan Li | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Xiufeng Shao | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Xiuhua Li | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Xiuhua Zhu | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Xiuying Liu | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Xuehai Li | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Yan Feng Ji | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Yan Qing Su | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Yanlai Zhang | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Yao Gang Zhou | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Yaru Shang | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Youcheng Yan | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Yu Hua Mei | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Yu Yan Zhao | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Yun Lan Feng | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Zhancai Gao | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Zhao Yuan Liu | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Zhao’an Wan | 8,690 | * | 8,690 | 0 | * | ||||||||||||||||||
Hang Xu | 8,703 | * | 8,703 | 0 | * | ||||||||||||||||||
Dexiang Yin | 8,883 | * | 8,883 | 0 | * | ||||||||||||||||||
Lijun Sun | 8,895 | * | 8,895 | 0 | * | ||||||||||||||||||
Shumei Di | 8,927 | * | 8,927 | 0 | * | ||||||||||||||||||
Qing Zhong Zhang | 9,069 | * | 9,069 | 0 | * | ||||||||||||||||||
Yong Lai Liu | 9,211 | * | 9,211 | 0 | * | ||||||||||||||||||
Yongtian Liu | 9,211 | * | 9,211 | 0 | * | ||||||||||||||||||
Qiu Ling Dong | 9,322 | * | 9,322 | 0 | * | ||||||||||||||||||
Hong Li | 9,654 | * | 9,654 | 0 | * | ||||||||||||||||||
Chang Li Dong | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Changchun Li | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Chun Yan Bai | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Cui Ping Wang | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Dong Ming Ge | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Fei Yu | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Feng Juan Liu | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Feng Lan Sun | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Feng Yun Zhang | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Fuzhen Liu | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Guangbo Jiang | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Guo Yu Li | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Hai Quan Cao | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Hong Yan Gong | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Lei Yu | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Lei Zhang | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Ming Xun Han | 9,655 | * | 9,655 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) | Shares Being Offered | Shares Beneficially Owned After the Offering (1) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner | Number | Percentage (2) | Number | Percentage (2) | |||||||||||||||||||
Rong Hua Yan | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Shuang Yan Liu | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Shumei Shan | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Wei Dong | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Wei Xue Shan | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Xiu Qin Zhang | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Xiu Ying Yu | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Yan Ju Liu | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Yan Jun Gao | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Ye Tian | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Yun Xia Jiang | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Yuqin Shang | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Zhen Hua Yuan | 9,655 | * | 9,655 | 0 | * | ||||||||||||||||||
Lijuan Qi | 9,656 | * | 9,656 | 0 | * | ||||||||||||||||||
Yuhua Liu | 9,717 | * | 9,717 | 0 | * | ||||||||||||||||||
Ting Shan Yan | 9,948 | * | 9,948 | 0 | * | ||||||||||||||||||
Gui Yan Yin | 9,954 | * | 9,954 | 0 | * | ||||||||||||||||||
Hong Zeng Sun | 9,954 | * | 9,954 | 0 | * | ||||||||||||||||||
Airong Wang | 10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Bainian Li | 10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Baoguo Cui | 10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Fei Su | 10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Guangzhong Li | 10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Jianguo Tan | 10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Jixu Wen | 10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Lianfa Sun | 10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Senjian Gao | 10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Shibo Zhang | 10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Shufang Men | 10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Tiejun Zou | 10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Weili Wang | 10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Xiaojun Shen | 10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Xiaozhong Liu | 10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Xiuying Ma | 10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Youpeng Wang | 10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Yulan Zhang | 10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Zhiming Zhang | 10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Zhiwei Liu | 10,000 | * | 10,000 | 0 | * | ||||||||||||||||||
Yanjun Liu | 10,042 | * | 10,042 | 0 | * | ||||||||||||||||||
Yaxiang Wang | 10,153 | * | 10,153 | 0 | * | ||||||||||||||||||
Yan Cai Zhang | 10,390 | * | 10,390 | 0 | * | ||||||||||||||||||
Hui Wang | 10,428 | * | 10,428 | 0 | * | ||||||||||||||||||
Ben Ming Zang | 10,524 | * | 10,524 | 0 | * | ||||||||||||||||||
Limin Zhang | 10,949 | * | 10,949 | 0 | * | ||||||||||||||||||
Chang Hui Ma | 10,972 | * | 10,972 | 0 | * | ||||||||||||||||||
Jinhui Chen | 11,115 | * | 11,115 | 0 | * | ||||||||||||||||||
Shu Jun Cui | 11,142 | * | �� | 11,142 | 0 | * | |||||||||||||||||
Hongtao Zhang | 11,447 | * | 11,447 | 0 | * | ||||||||||||||||||
Qing Chun Wang | 11,566 | * | 11,566 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) | Shares Being Offered | Shares Beneficially Owned After the Offering (1) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner | Number | Percentage (2) | Number | Percentage (2) | |||||||||||||||||||
Ping Lin | 11,586 | * | 11,586 | 0 | * | ||||||||||||||||||
Shu Fen Wan | 11,586 | * | 11,586 | 0 | * | ||||||||||||||||||
Wei Liu | 11,586 | * | 11,586 | 0 | * | ||||||||||||||||||
Ze Chu | 11,586 | * | 11,586 | 0 | * | ||||||||||||||||||
Bin Qin | 11,850 | * | 11,850 | 0 | * | ||||||||||||||||||
Junying Zhu | 11,850 | * | 11,850 | 0 | * | ||||||||||||||||||
Liping Zhang | 11,850 | * | 11,850 | 0 | * | ||||||||||||||||||
Minghai Zhang | 11,850 | * | 11,850 | 0 | * | ||||||||||||||||||
Xue Feng Bai | 11,850 | * | 11,850 | 0 | * | ||||||||||||||||||
Liping Xu | 12,166 | * | 12,166 | 0 | * | ||||||||||||||||||
Shu Yu Li | 12,166 | * | 12,166 | 0 | * | ||||||||||||||||||
Yu Xiang Li | 12,166 | * | 12,166 | 0 | * | ||||||||||||||||||
Yaqin Fan | 12,288 | * | 12,288 | 0 | * | ||||||||||||||||||
Yuanchang Liu | 12,340 | * | 12,340 | 0 | * | ||||||||||||||||||
Jinping Xia | 12,443 | * | 12,443 | 0 | * | ||||||||||||||||||
Lei Wang | 12,443 | * | 12,443 | 0 | * | ||||||||||||||||||
Qing Zhi Hu | 12,443 | * | 12,443 | 0 | * | ||||||||||||||||||
Xiling Yu | 12,443 | * | 12,443 | 0 | * | ||||||||||||||||||
Zhi Ping Li | 12,443 | * | 12,443 | 0 | * | ||||||||||||||||||
Kebin Ma | 12,552 | * | 12,552 | 0 | * | ||||||||||||||||||
Bao Shan Li | 13,035 | * | 13,035 | 0 | * | ||||||||||||||||||
Haijie Zhou | 13,035 | * | 13,035 | 0 | * | ||||||||||||||||||
Lian Min Tan | 13,035 | * | 13,035 | 0 | * | ||||||||||||||||||
Minghui Jiang | 13,051 | * | 13,051 | 0 | * | ||||||||||||||||||
Xiu Qin Wan | 13,114 | * | 13,114 | 0 | * | ||||||||||||||||||
Huijian Xue | 13,193 | * | 13,193 | 0 | * | ||||||||||||||||||
Yuqin Chen | 13,272 | * | 13,272 | 0 | * | ||||||||||||||||||
Yan Qiu Yu | 13,383 | * | 13,383 | 0 | * | ||||||||||||||||||
Jian Sheng Yan | 13,518 | * | 13,518 | 0 | * | ||||||||||||||||||
Ying Xue | 13,518 | * | 13,518 | 0 | * | ||||||||||||||||||
Chun Yu Zhou | 13,667 | * | 13,667 | 0 | * | ||||||||||||||||||
Rui Shan Zhang | 13,890 | * | 13,890 | 0 | * | ||||||||||||||||||
Hua Chen Wang | 13,904 | * | 13,904 | 0 | * | ||||||||||||||||||
Qiu Yan Zhu | 14,482 | * | 14,482 | 0 | * | ||||||||||||||||||
Duowen Wang | 14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Gui Fen Qiu | 14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Guoshun Jiang | 14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Hong Da Xu | 14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Hongzhu Qi | 14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Li Luan | 14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Tong Bin Xie | 14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Xiao Li Xu | 14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Xiaofei Hou | 14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Xue Zhi Liang | 14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Yu Fen Zhang | 14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Yu Ren Bai | 14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Zhaoguang Xu | 14,483 | * | 14,483 | 0 | * | ||||||||||||||||||
Youren Zhu | 14,869 | * | 14,869 | 0 | * | ||||||||||||||||||
Changyou Li | 15,000 | * | 15,000 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) | Shares Being Offered | Shares Beneficially Owned After the Offering (1) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner | Number | Percentage (2) | Number | Percentage (2) | |||||||||||||||||||
Zhijie Lei | 15,000 | * | 15,000 | 0 | * | ||||||||||||||||||
You Min Lv | 15,096 | * | 15,096 | 0 | * | ||||||||||||||||||
Xiang Xun Han | 15,448 | * | 15,448 | 0 | * | ||||||||||||||||||
Bin Wang | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Bolun Li | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Changdi Niu | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Changmin Zhao | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Fengping Dong | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Fulun Huang | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Haisong Wang | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Huaiyu Xu | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Hui Gao | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Huijun Zhang | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Jinguo Wang | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Kemin Cao | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Meng Yang | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Qingyi Meng | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Qiong Wu | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Ruihong Fan | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Shihua You | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Shuling Li | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Shuwen Liu | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Wei Liu | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Xiufang Yang | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Yan Jiang Zhang | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Yanjie Jiang | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Yanyan Li | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Yao Cheng Chen | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Ying Wang | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Yongchang Chen | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Yunyi Liu | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Zhenxin Gu | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Zhimin Wang | 15,800 | * | 15,800 | 0 | * | ||||||||||||||||||
Guoxiang Bai | 16,195 | * | 16,195 | 0 | * | ||||||||||||||||||
Yansong Wang | 16,413 | * | 16,413 | 0 | * | ||||||||||||||||||
Xiuli Wang | 16,414 | * | 16,414 | 0 | * | ||||||||||||||||||
Cai Ying Zhang | 16,432 | * | 16,432 | 0 | * | ||||||||||||||||||
Yao Wen Sun | 16,511 | * | 16,511 | 0 | * | ||||||||||||||||||
Bing Liu | 16,590 | * | 16,590 | 0 | * | ||||||||||||||||||
Cuiyun Liu | 16,590 | * | 16,590 | 0 | * | ||||||||||||||||||
Shu Qin Meng | 16,590 | * | 16,590 | 0 | * | ||||||||||||||||||
Liping Liu | 16,666 | * | 16,666 | 0 | * | ||||||||||||||||||
Guihua Xu | 16,985 | * | 16,985 | 0 | * | ||||||||||||||||||
Ou Xu | 16,994 | * | 16,994 | 0 | * | ||||||||||||||||||
Longfang Xia | 17,121 | * | 17,121 | 0 | * | ||||||||||||||||||
Yingyu Cui | 17,379 | * | 17,379 | 0 | * | ||||||||||||||||||
Chong Ming Li | 17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Cuiyin Wei | 17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Guang Fen Yang | 17,380 | * | 17,380 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) | Shares Being Offered | Shares Beneficially Owned After the Offering (1) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner | Number | Percentage (2) | Number | Percentage (2) | |||||||||||||||||||
Guijie Liu | 17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Hai Tao Jiang | 17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Hua Chen | 17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Ji Gui Chu | 17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Ke Min Wang | 17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Li Yan Sun | 17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Lianke Han | 17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Qingtao Zhang | 17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Qingyuan Zhang | 17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Rong Chang Tang | 17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Shi Long Bai | 17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Tai Zhao Li | 17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Xiangmin Shi | 17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Xin Pu | 17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Xin Wang | 17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Yankui Song | 17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Yanwu Wang | 17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Yulin Liu | 17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Yun Lou Li | 17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Zhenhe Jian | 17,380 | * | 17,380 | 0 | * | ||||||||||||||||||
Qinggang Wu | 18,345 | * | 18,345 | 0 | * | ||||||||||||||||||
Yan Xia Wang | 18,345 | * | 18,345 | 0 | * | ||||||||||||||||||
Jian Hua Peng | 18,574 | * | 18,574 | 0 | * | ||||||||||||||||||
Hong Yun Liu | 19,311 | * | 19,311 | 0 | * | ||||||||||||||||||
Lida Wu | 19,311 | * | 19,311 | 0 | * | ||||||||||||||||||
Qiuyan Chen | 19,311 | * | 19,311 | 0 | * | ||||||||||||||||||
Yu Xi Zhang | 19,311 | * | 19,311 | 0 | * | ||||||||||||||||||
Min Li Wang | 19,500 | * | 19,500 | 0 | * | ||||||||||||||||||
Changfei Yu | 19,750 | * | 19,750 | 0 | * | ||||||||||||||||||
Feng Shu Dong | 19,863 | * | 19,863 | 0 | * | ||||||||||||||||||
Zhenlai Li | 19,908 | * | 19,908 | 0 | * | ||||||||||||||||||
Chaoyang Liu | 20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Chengming Cui | 20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Chunyan Sun | 20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Daming Feng | 20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Dan Wang | 20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Dewen Liu | 20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Fuying Wang | 20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Guizhu Wang | 20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Jin’nian Liu | 20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Jiyu Wang | 20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Lijun Sun | 20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Lixin Liu | 20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Ming Yan | 20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Ping Wang | 20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Ruidong Guan | 20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Tinghui Wang | 20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Xin’gang Sun | 20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Xuan Li | 20,000 | * | 20,000 | 0 | * |
Shares Beneficially Owned Prior to the Offering (1) | Shares Being Offered | Shares Beneficially Owned After the Offering (1) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner | Number | Percentage (2) | Number | Percentage (2) | |||||||||||||||||||
Xuexian Wang | 20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Yanru Dong | 20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Zhongwei Luo | 20,000 | * | 20,000 | 0 | * | ||||||||||||||||||
Yan Long Ren | 20,856 | * | 6,952 | 13,904 | * | ||||||||||||||||||
Qing Li | 21,014 | * | 7,005 | 14,009 | * | ||||||||||||||||||
Fu Lin Bian | 21,242 | * | 7,081 | 14,161 | * | ||||||||||||||||||
Yuanhui Dong | 21,242 | * | 7,081 | 14,161 | * | ||||||||||||||||||
Guifang Zhang | 21,396 | * | 7,132 | 14,264 | * | ||||||||||||||||||
Shuhua Zhao | 21,567 | * | 7,189 | 14,378 | * | ||||||||||||||||||
Guo Chao Duan | 22,120 | * | 7,373 | 14,747 | * | ||||||||||||||||||
Gui Fang Tan | 22,208 | * | 7,403 | 14,805 | * | ||||||||||||||||||
Jindao Zhang | 22,208 | * | 7,403 | 14,805 | * | ||||||||||||||||||
Jing Li | 23,068 | * | 7,689 | 15,379 | * | ||||||||||||||||||
Xingcun Zhao | 23,068 | * | 7,689 | 15,379 | * | ||||||||||||||||||
Yanping Cao | 23,147 | * | 7,716 | 15,431 | * | ||||||||||||||||||
Zhi Ping Hao | 23,173 | * | 7,724 | 15,449 | * | ||||||||||||||||||
Hui Cao | 23,226 | * | 7,742 | 15,484 | * | ||||||||||||||||||
Chuanhong Fan | 23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Chunyan Liu | 23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Da Mao Yang | 23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Fumin Jiang | 23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Jialin Yu | 23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Jin Zhong Wang | 23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Jinghua Guo | 23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Juan Wang | 23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Li Hua Wang | 23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Li Qui Zhang | 23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Li Xin Fan | 23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Long Zhou | 23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Minjun Ren | 23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Shu Min Cao | 23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Wan Hua Li | 23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Xiao Chun Jing | 23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Xinghua Song | 23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Yanhui Liu | 23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Yanyan Zhang | 23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Zhong Li | 23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Zhuo Zhang | 23,700 | * | 7,900 | 15,800 | * | ||||||||||||||||||
Dechun Zhang | 24,138 | * | 8,046 | 16,092 | * | ||||||||||||||||||
Lihua Yang | 24,138 | * | 8,046 | 16,092 | * | ||||||||||||||||||
Shengmao Liu | 24,138 | * | 8,046 | 16,092 | * | ||||||||||||||||||
Yu Mei Bai | 24,138 | * | 8,046 | 16,092 | * | ||||||||||||||||||
Guo Wen Li | 24,525 | * | 8,175 | 16,350 | * | ||||||||||||||||||
Jing Hua Guan | 24,885 | * | 8,295 | 16,590 | * | ||||||||||||||||||
Li Hua Yu | 24,885 | * | 8,295 | 16,590 | * | ||||||||||||||||||
Shu Yan | 24,885 | * | 8,295 | 16,590 | * | ||||||||||||||||||
Hui Leng | 25,000 | * | 8,333 | 16,667 | * | ||||||||||||||||||
Weihong Zhang | 25,000 | * | 8,333 | 16,667 | * | ||||||||||||||||||
Zhen Jiang Lian | 25,122 | * | 8,374 | 16,748 | * |
Shares Beneficially Owned Prior to the Offering (1) | Shares Being Offered | Shares Beneficially Owned After the Offering (1) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner | Number | Percentage (2) | Number | Percentage (2) | |||||||||||||||||||
Congwei Chen | 25,280 | * | 8,427 | 16,853 | * | ||||||||||||||||||
Ying Liu | 25,455 | * | 8,485 | 16,970 | * | ||||||||||||||||||
Xi Bin Liu | 25,722 | �� | * | 8,574 | 17,148 | * | |||||||||||||||||
Fengxia Liu | 26,070 | * | 8,690 | 17,380 | * | ||||||||||||||||||
Guo Xu | 26,070 | * | 8,690 | 17,380 | * | ||||||||||||||||||
Shi Gang Lin | 26,070 | * | 8,690 | 17,380 | * | ||||||||||||||||||
Wei Tian | 26,070 | * | 8,690 | 17,380 | * | ||||||||||||||||||
Xiangjiu Li | 26,070 | * | 8,690 | 17,380 | * | ||||||||||||||||||
Xiaoli Wen | 26,070 | * | 8,690 | 17,380 | * | ||||||||||||||||||
Xiumin Zhang | 26,070 | * | 8,690 | 17,380 | * | ||||||||||||||||||
Bailing Yin | 27,966 | * | 9,322 | 18,644 | * | ||||||||||||||||||
Hui Lan Chi | 28,001 | * | 9,334 | 18,667 | * | ||||||||||||||||||
Hong Peng | 28,966 | * | 9,655 | 19,311 | * | ||||||||||||||||||
Meichun Wang | 28,966 | * | 9,655 | 19,311 | * | ||||||||||||||||||
Tai Yang Wang | 28,966 | * | 9,655 | 19,311 | * | ||||||||||||||||||
Yanhua Chen | 28,966 | * | 9,655 | 19,311 | * | ||||||||||||||||||
Yin Qi Cui | 29,033 | * | 9,678 | 19,355 | * | ||||||||||||||||||
Bin Hu | 30,000 | * | 10,000 | 20,000 | * | ||||||||||||||||||
Chuanbao Gu | 30,000 | * | 10,000 | 20,000 | * | ||||||||||||||||||
Deming Li | 30,000 | * | 10,000 | 20,000 | * | ||||||||||||||||||
Guoliang Wu | 30,000 | * | 10,000 | 20,000 | * | ||||||||||||||||||
Lili Wen | 30,000 | * | 10,000 | 20,000 | * | ||||||||||||||||||
Wenjia Yuan | 30,000 | * | 10,000 | 20,000 | * | ||||||||||||||||||
Yi Zhang | 30,000 | * | 10,000 | 20,000 | * | ||||||||||||||||||
Yonggang Sun | 30,000 | * | 10,000 | 20,000 | * | ||||||||||||||||||
Yonglin Gao | 30,000 | * | 10,000 | 20,000 | * | ||||||||||||||||||
Yuan Guang | 30,000 | * | 10,000 | 20,000 | * | ||||||||||||||||||
Shanling Wang | 30,415 | * | 10,138 | 20,277 | * | ||||||||||||||||||
Hua Guo | 30,856 | * | 10,285 | 20,571 | * | ||||||||||||||||||
Qingzhen Yuan | 31,521 | * | 10,507 | 21,014 | * | ||||||||||||||||||
Chunping Zhang | 31,600 | * | 10,533 | 21,067 | * | ||||||||||||||||||
Dong Yan Guan | 31,600 | * | 10,533 | 21,067 | * | ||||||||||||||||||
Gong Shen | 31,600 | * | 10,533 | 21,067 | * | ||||||||||||||||||
Guang Xia Wang | 31,600 | * | 10,533 | 21,067 | * | ||||||||||||||||||
Jing Liu | 31,600 | * | 10,533 | 21,067 | * | ||||||||||||||||||
Qingshu Zhao | 31,600 | * | 10,533 | 21,067 | * | ||||||||||||||||||
Wei Guo | 31,600 | * | 10,533 | 21,067 | * | ||||||||||||||||||
Xingwei Xu | 31,600 | * | 10,533 | 21,067 | * | ||||||||||||||||||
Rui Zhi Dong | 32,225 | * | 10,742 | 21,483 | * | ||||||||||||||||||
Yanping Xu | 33,180 | * | 11,060 | 22,120 | * | ||||||||||||||||||
Zhi Fan Jiao | 33,197 | * | 11,066 | 22,131 | * | ||||||||||||||||||
Jie Yu | 33,601 | * | 11,200 | 22,401 | * | ||||||||||||||||||
Chunfang Wang | 33,749 | * | 11,250 | 22,499 | * | ||||||||||||||||||
Zhao Ping Meng | 34,491 | * | 11,497 | 22,994 | * | ||||||||||||||||||
Guilian Zhang | 34,523 | * | 11,508 | 23,015 | * | ||||||||||||||||||
Fengling Shan | 34,760 | * | 11,587 | 23,173 | * | ||||||||||||||||||
Fujin Zhang | 34,760 | * | 11,587 | 23,173 | * | ||||||||||||||||||
Hengdong Zhang | 34,760 | * | 11,587 | 23,173 | * | ||||||||||||||||||
Min Wang | 34,760 | * | 11,587 | 23,173 | * |
Shares Beneficially Owned Prior to the Offering (1) | Shares Being Offered | Shares Beneficially Owned After the Offering (1) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner | Number | Percentage (2) | Number | Percentage (2) | |||||||||||||||||||
Tie Li | 35,343 | * | 11,781 | 23,562 | * | ||||||||||||||||||
Yanrong Wei | 35,550 | * | 11,850 | 23,700 | * | ||||||||||||||||||
Gui Zhu | 35,725 | * | 11,908 | 23,817 | * | ||||||||||||||||||
Xiu Chen | 36,498 | * | 12,166 | 24,332 | * | ||||||||||||||||||
Yu Bin Yan | 36,508 | * | 12,169 | 24,339 | * | ||||||||||||||||||
Zhi Gang Li | 36,581 | * | 12,194 | 24,387 | * | ||||||||||||||||||
Yongqiang Yan | 37,328 | * | 12,443 | 24,885 | * | ||||||||||||||||||
Fei Liu | 38,236 | * | 12,745 | 25,491 | * | ||||||||||||||||||
Mu Zhang | 38,622 | * | 12,874 | 25,748 | * | ||||||||||||||||||
Bao Xin Shen | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Bo Yu | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Chongqin Dong | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Dian Bao Lu | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Hong Ting Ji | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Hongbo Pan | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Jicai Lang | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Jilian Yuan | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Jing Zhi Zhu | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Jun Wang | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Laogangyu | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Lili Liu | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Lu Bo Zhang | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Mingqian Liu | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Nanbin Liu | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Qingguo Li | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Rui Hou | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Ruizhe Zhang | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Shu Lan Gao | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Shu Xia Ding | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Shu Xian Pan | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Shukui Wang | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Wen Sheng Luo | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Xian Zhi Sun | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Xin Yu Zhao | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Yi Fan Zhang | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Yingjun Jiang | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Yong Jia Lv | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Zhao Hui Han | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Zhigang Wang | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Zhuang Nan Li | 39,500 | * | 13,167 | 26,333 | * | ||||||||||||||||||
Liang Wen Song | 39,588 | * | 13,196 | 26,392 | * | ||||||||||||||||||
Zi Feng Zhou | 39,588 | * | 13,196 | 26,392 | * | ||||||||||||||||||
Song Lin Yi | 39,974 | * | 13,325 | 26,649 | * | ||||||||||||||||||
Xin Ge | 40,000 | * | 13,333 | 26,667 | * | ||||||||||||||||||
Xiuzhen Hu | 40,000 | * | 13,333 | 26,667 | * | ||||||||||||||||||
Cheng Jun Zhang | 40,843 | * | 13,614 | 27,229 | * | ||||||||||||||||||
Miao Yu | 41,475 | * | 13,825 | 27,650 | * | ||||||||||||||||||
Xingchen Liu | 43,449 | * | 14,483 | 28,966 | * | ||||||||||||||||||
Chun Bo Sun | 43,450 | * | 14,483 | 28,967 | * |
Shares Beneficially Owned Prior to the Offering (1) | Shares Being Offered | Shares Beneficially Owned After the Offering (1) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner | Number | Percentage (2) | Number | Percentage (2) | |||||||||||||||||||
Feng Wen Li | 43,450 | * | 14,483 | 28,967 | * | ||||||||||||||||||
Shu Hua Wang | 43,450 | * | 14,483 | 28,967 | * | ||||||||||||||||||
Tian Lei Wang | 43,450 | * | 14,483 | 28,967 | * | ||||||||||||||||||
Wen Zhi Zhang | 43,450 | * | 14,483 | 28,967 | * | ||||||||||||||||||
Xiao Hui Deng | 43,450 | * | 14,483 | 28,967 | * | ||||||||||||||||||
Yanping Cui | 43,450 | * | 14,483 | 28,967 | * | ||||||||||||||||||
Zhong Hai Zhang | 43,450 | * | 14,483 | 28,967 | * | ||||||||||||||||||
Jia An Lv | 44,103 | * | 14,701 | 29,402 | * | ||||||||||||||||||
Jing Zhang | 44,148 | * | 14,716 | 29,432 | * | ||||||||||||||||||
Wenzhong Guo | 45,000 | * | 15,000 | 30,000 | * | ||||||||||||||||||
Hongyan Liu | 45,188 | * | 15,063 | 30,125 | * | ||||||||||||||||||
Xiao Ying Ma | 47,400 | * | 15,800 | 31,600 | * | ||||||||||||||||||
Hongying Wang | 47,795 | * | 15,932 | 31,863 | * | ||||||||||||||||||
Chun Feng Li | 48,278 | * | 16,093 | 32,185 | * | ||||||||||||||||||
Yong Li Wang | 48,278 | * | 16,093 | 32,185 | * | ||||||||||||||||||
Zhi Hai Jiang | 48,644 | * | 16,215 | 32,429 | * | ||||||||||||||||||
Shu Zhen Zhang | 49,217 | * | 16,406 | 32,811 | * | ||||||||||||||||||
Chengqing Yang | 50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Donghui Zhao | 50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Guijin Hou | 50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Jianjun Zhao | 50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Liyanyan | 50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Min Zhou | 50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Qiuli Liu | 50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Rong Han | 50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Tongchun Bi | 50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Xiulan Cao | 50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Yanling Li | 50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Yanming Li | 50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Yongping Wang | 50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Yujie Dong | 50,000 | * | 16,667 | 33,333 | * | ||||||||||||||||||
Jun Ying Bai | 52,028 | * | 17,343 | 34,685 | * | ||||||||||||||||||
Li Wang | 52,140 | * | 17,380 | 34,760 | * | ||||||||||||||||||
Li Juan Feng | 52,266 | * | 17,422 | 34,844 | * | ||||||||||||||||||
Shi Yun Zheng | 53,960 | * | 17,987 | 35,973 | * | ||||||||||||||||||
Jiu Hua Zhang | 54,313 | * | 18,104 | 36,209 | * | ||||||||||||||||||
Yonghua Zhang | 54,747 | * | 18,249 | 36,498 | * | ||||||||||||||||||
Feng Gang Qiu | 55,300 | * | 18,433 | 36,867 | * | ||||||||||||||||||
Hongchang Liu | 56,485 | * | 18,828 | 37,657 | * | ||||||||||||||||||
Yuangui Zhao | 57,933 | * | 19,311 | 38,622 | * | ||||||||||||||||||
Fulin Wang | 60,830 | * | 20,277 | 40,553 | * | ||||||||||||||||||
Zhenwen Zhou | 61,535 | * | 20,512 | 41,023 | * | ||||||||||||||||||
Changhai Ning | 62,213 | * | 20,738 | 41,475 | * | ||||||||||||||||||
Gui Fen Geng | 62,252 | * | 20,751 | 41,501 | * | ||||||||||||||||||
Qi Li | 62,568 | * | 20,856 | 41,712 | * | ||||||||||||||||||
Xinxue Zhong | 63,200 | * | 21,067 | 42,133 | * | ||||||||||||||||||
Su Ping Wang | 65,385 | * | 21,795 | 43,590 | * | ||||||||||||||||||
Jie Dong | 68,730 | * | 22,910 | 45,820 | * | ||||||||||||||||||
Xingli Han | 75,300 | * | 25,100 | 50,200 | * |
Shares Beneficially Owned Prior to the Offering (1) | Shares Being Offered | Shares Beneficially Owned After the Offering (1) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner | Number | Percentage (2) | Number | Percentage (2) | |||||||||||||||||||
En Jiang He | 77,824 | * | 25,941 | 51,883 | * | ||||||||||||||||||
Chun Liu Du | 78,210 | * | 26,070 | 52,140 | * | ||||||||||||||||||
Kuo Lei | 78,210 | * | 26,070 | 52,140 | * | ||||||||||||||||||
Daihong Gao | 79,000 | * | 26,333 | 52,667 | * | ||||||||||||||||||
Hong Zao Zou | 79,000 | * | 26,333 | 52,667 | * | ||||||||||||||||||
Hongmin Li | 79,000 | * | 26,333 | 52,667 | * | ||||||||||||||||||
Jie Teng | 79,000 | * | 26,333 | 52,667 | * | ||||||||||||||||||
Lijie Zhai | 79,000 | * | 26,333 | 52,667 | * | ||||||||||||||||||
Xiaochun Yin | 79,000 | * | 26,333 | 52,667 | * | ||||||||||||||||||
Zhi Ying Han | 79,000 | * | 26,333 | 52,667 | * | ||||||||||||||||||
Zhimin Du | 79,000 | * | 26,333 | 52,667 | * | ||||||||||||||||||
Liru Ma | 82,950 | * | 27,650 | 55,300 | * | ||||||||||||||||||
Wenting Chen | 83,333 | * | 27,778 | 55,555 | * | ||||||||||||||||||
Wenwei Qu | 83,333 | * | 27,778 | 55,555 | * | ||||||||||||||||||
Li Mei Zhang | 84,511 | * | 28,170 | 56,341 | * | ||||||||||||||||||
Huan Yang | 85,162 | * | 28,387 | 56,775 | * | ||||||||||||||||||
Ping Hu | 86,900 | * | 28,967 | 57,933 | * | ||||||||||||||||||
Shufan Yu | 86,900 | * | 28,967 | 57,933 | * | ||||||||||||||||||
Gui Rong Song | 88,397 | * | 29,466 | 58,931 | * | ||||||||||||||||||
Weifu Hao | 90,000 | * | 30,000 | 60,000 | * | ||||||||||||||||||
Ming Zhu Bi | 93,308 | * | 31,103 | 62,205 | * | ||||||||||||||||||
Shumin Ning | 94,563 | * | 31,521 | 63,042 | * | ||||||||||||||||||
Liwei Xue | 94,800 | * | 31,600 | 63,200 | * | ||||||||||||||||||
Cong Lin Yang | 98,402 | * | 32,801 | 65,601 | * | ||||||||||||||||||
Guidong Tan | 100,000 | * | 33,333 | 66,667 | * | ||||||||||||||||||
Jie Fu | 100,000 | * | 33,333 | 66,667 | * | ||||||||||||||||||
Lance Jon Kimmel | 100,000 | * | 33,333 | 66,667 | * | ||||||||||||||||||
Shuang Han | 100,000 | * | 33,333 | 66,667 | * | ||||||||||||||||||
Ting Su | 100,000 | * | 33,333 | 66,667 | * | ||||||||||||||||||
Xiaoqun Zhang | 100,000 | * | 33,333 | 66,667 | * | ||||||||||||||||||
Yongzhong Liu | 100,000 | * | 33,333 | 66,667 | * | ||||||||||||||||||
Zhong Xiao Yang | 100,000 | * | 33,333 | 66,667 | * | ||||||||||||||||||
Wan Shan Sun | 101,088 | * | 33,696 | 67,392 | * | ||||||||||||||||||
Liang Wang | 102,700 | * | 34,233 | 68,467 | * | ||||||||||||||||||
Ziying Tong | 102,700 | * | 34,233 | 68,467 | * | ||||||||||||||||||
Li Bin Zhai | 105,320 | * | 35,107 | 70,213 | * | ||||||||||||||||||
Ju Wang | 114,322 | * | 38,107 | 76,215 | * | ||||||||||||||||||
Han Ying Gao | 114,893 | * | 38,298 | 76,595 | * | ||||||||||||||||||
Yan Xin Dong | 115,255 | * | 38,418 | 76,837 | * | ||||||||||||||||||
Li Chen Liu | 125,522 | * | 41,841 | 83,681 | * | ||||||||||||||||||
Deng Quan Li | 130,350 | * | 43,450 | 86,900 | * | ||||||||||||||||||
Xianli Qu | 135,248 | * | 45,083 | 90,165 | * | ||||||||||||||||||
Lan Wang | 141,015 | * | 47,005 | 94,010 | * | ||||||||||||||||||
Yan Jiang Zhang | 146,150 | * | 48,717 | 97,433 | * | ||||||||||||||||||
Yuanxin Liu | 150,000 | * | 50,000 | 100,000 | * | ||||||||||||||||||
Yu Fan Lu | 171,430 | * | 57,143 | 114,287 | * | ||||||||||||||||||
Jiyou Jiang | 183,333 | * | 61,111 | 122,222 | * | ||||||||||||||||||
Xi Lin Li | 183,455 | * | 61,152 | 122,303 | * | ||||||||||||||||||
Yonghai Yan | 190,000 | * | 63,333 | 126,667 | * |
Shares Beneficially Owned Prior to the Offering (1) | Shares Being Offered | Shares Beneficially Owned After the Offering (1) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of Beneficial Owner | Number | Percentage (2) | Number | Percentage (2) | |||||||||||||||||||
Jingfen Guo | 197,500 | * | 65,833 | 131,667 | * | ||||||||||||||||||
Wei Jun Shan | 198,421 | * | 66,140 | 132,281 | * | ||||||||||||||||||
Xing Ming Han | 213,300 | * | 71,100 | 142,200 | * | ||||||||||||||||||
Shu Min Liu | 219,336 | * | 73,112 | 146,224 | * | ||||||||||||||||||
Guangwu Yue | 222,543 | * | 74,181 | 148,362 | * | ||||||||||||||||||
Zhixiang Cao | 237,000 | * | 79,000 | 158,000 | * | ||||||||||||||||||
Long Jin | 252,800 | * | 84,267 | 168,533 | * | ||||||||||||||||||
Lianxue Han | 270,385 | * | 90,128 | 180,257 | * | ||||||||||||||||||
Yu Lan Liu | 328,930 | * | 109,643 | 219,287 | * | ||||||||||||||||||
Wei Shan | 339,700 | * | 113,233 | 226,467 | * | ||||||||||||||||||
Gui Ling Yuan | 395,000 | * | 131,667 | 263,333 | * | ||||||||||||||||||
Gui Ying Tong | 470,000 | * | 156,667 | 313,333 | * | ||||||||||||||||||
Bai Ying Zhang | 482,776 | * | 160,925 | 321,851 | * | ||||||||||||||||||
Wing Nin Lo | 500,000 | 1.0 | % | 166,667 | 333,333 | * | |||||||||||||||||
Hanjia Zhao | 608,300 | 1.2 | % | 202,767 | 405,533 | * | |||||||||||||||||
Bo Li | 1,000,000 | 2.0 | % | 333,333 | 666,667 | 1.3 | % | ||||||||||||||||
Renchun Wang | 1,000,000 | 2.0 | % | 333,333 | 666,667 | 1.3 | % | ||||||||||||||||
Yuan Li | 1,000,000 | 2.0 | % | 333,333 | 666,667 | 1.3 | % | ||||||||||||||||
Yi Cheng Wang | 1,966,137 | 3.9 | % | 655,379 | 1,310,758 | 2.6 | % | ||||||||||||||||
Guifang Qi | 2,488,737 | 5.0 | % | 829,579 | 1,659,158 | 3.3 | % | ||||||||||||||||
Zhi Guo Wang | 20,103,475 | 40.2 | % | 2,967,861 | 17,135,614 | 34.3 | % | ||||||||||||||||
TOTAL | 50,000,000 | 100.0 | % | 16,500,000 | 33,500,000 | 100.0 | % |
Beneficial Ownership Prior to Offering | Beneficial Ownership After the Offering | |||||||||||||||||||
Name of Beneficial Owner | # Shares(1) | Percentage | # Shares Offered | # Shares | Percentage(2) | |||||||||||||||
Wei Quan Zhou | 1,580 | * | 1,580 | 0 | * | |||||||||||||||
Xiu Lian Zhang | 1,580 | * | 1,580 | 0 | * | |||||||||||||||
Yajie Liu | 1,580 | * | 1,580 | 0 | * | |||||||||||||||
Ying Cao | 1,580 | * | 1,580 | 0 | * | |||||||||||||||
Yuming Li | 1,580 | * | 1,580 | 0 | * | |||||||||||||||
Zhanhua Chen | 1,580 | * | 1,580 | 0 | * | |||||||||||||||
Zhenwen Li | 1,580 | * | 1,580 | 0 | * | |||||||||||||||
Hongman Yu | 1,659 | * | 1,659 | 0 | * | |||||||||||||||
Jihai Song | 1,659 | * | 1,659 | 0 | * | |||||||||||||||
Jun Meng | 1,659 | * | 1,659 | 0 | * | |||||||||||||||
Lanying Wang | 1,659 | * | 1,659 | 0 | * | |||||||||||||||
Shuchun Zhang | 1,659 | * | 1,659 | 0 | * | |||||||||||||||
Shujian Sun | 1,659 | * | 1,659 | 0 | * | |||||||||||||||
Shuxiang Sun | 1,659 | * | 1,659 | 0 | * | |||||||||||||||
Wen Xin Chen | 1,659 | * | 1,659 | 0 | * | |||||||||||||||
Yandong Song | 1,659 | * | 1,659 | 0 | * | |||||||||||||||
Yukun Liu | 1,659 | * | 1,659 | 0 | * | |||||||||||||||
Zhaohui Geng | 1,659 | * | 1,659 | 0 | * | |||||||||||||||
Guang Hua Xie | 1,706 | * | 1,706 | 0 | * | |||||||||||||||
Gui Min Zhao | 1,706 | * | 1,706 | 0 | * | |||||||||||||||
Qiang Jia | 1,706 | * | 1,706 | 0 | * | |||||||||||||||
Cui Ping Yin | 1,722 | * | 1,722 | 0 | * | |||||||||||||||
Huaibin Huang | 1,738 | * | 1,738 | 0 | * | |||||||||||||||
Hui Mei Shang | 1,738 | * | 1,738 | 0 | * | |||||||||||||||
Jun Li Liu | 1,738 | * | 1,738 | 0 | * | |||||||||||||||
Li Hua Zhou | 1,738 | * | 1,738 | 0 | * | |||||||||||||||
Ling Lu | 1,738 | * | 1,738 | 0 | * | |||||||||||||||
Ling Ma | 1,738 | * | 1,738 | 0 | * | |||||||||||||||
Shu Mei Zhang | 1,738 | * | 1,738 | 0 | * | |||||||||||||||
Tie Li Wang | 1,738 | * | 1,738 | 0 | * | |||||||||||||||
Wen Li Xu | 1,738 | * | 1,738 | 0 | * | |||||||||||||||
Xiaowei Wang | 1,738 | * | 1,738 | 0 | * | |||||||||||||||
Yurong Cao | 1,738 | * | 1,738 | 0 | * | |||||||||||||||
Zhigang Feng | 1,738 | * | 1,738 | 0 | * | |||||||||||||||
Ning Xin | 1,755 | * | 1,755 | 0 | * | |||||||||||||||
Changjiang Yang | 1,930 | * | 1,930 | 0 | * | |||||||||||||||
Chunrong Yang | 1,930 | * | 1,930 | 0 | * | |||||||||||||||
Cheng Yu Wang | 1,931 | * | 1,931 | 0 | * | |||||||||||||||
Dacheng Wang | 1,931 | * | 1,931 | 0 | * | |||||||||||||||
Fu Wei Zhang | 1,931 | * | 1,931 | 0 | * | |||||||||||||||
Gui Ying Ma | 1,931 | * | 1,931 | 0 | * | |||||||||||||||
Guiling Zhang | 1,931 | * | 1,931 | 0 | * | |||||||||||||||
Guoqiang Xie | 1,931 | * | 1,931 | 0 | * | |||||||||||||||
Hong Ying Wang | 1,931 | * | 1,931 | 0 | * |
Beneficial Ownership Prior to Offering | Beneficial Ownership After the Offering | |||||||||||||||||||
Name of Beneficial Owner | # Shares(1) | Percentage | # Shares Offered | # Shares | Percentage(2) | |||||||||||||||
Hui Jun Han | 1,931 | * | 1,931 | 0 | * | |||||||||||||||
Jin Zhi Wang | 1,931 | * | 1,931 | 0 | * | |||||||||||||||
Juan Du | 1,931 | * | 1,931 | 0 | * | |||||||||||||||
Li Dong | 1,931 | * | 1,931 | 0 | * | |||||||||||||||
Li Liu | 1,931 | * | 1,931 | 0 | * | |||||||||||||||
Lihong Zou | 1,931 | * | 1,931 | 0 | * | |||||||||||||||
Ming Kai Ren | 1,931 | * | 1,931 | 0 | * | |||||||||||||||
Rui Xiang Han | 1,931 | * | 1,931 | 0 | * | |||||||||||||||
Shu Ran Miao | 1,931 | * | 1,931 | 0 | * | |||||||||||||||
Xiufen Li | 1,931 | * | 1,931 | 0 | * | |||||||||||||||
Zhao Ge Wang | 1,931 | * | �� | 1,931 | 0 | * | ||||||||||||||
Gui Lan Zhang | 1,991 | * | 1,991 | 0 | * | |||||||||||||||
Lin Li | 1,991 | * | 1,991 | 0 | * | |||||||||||||||
Ying Pan | 1,991 | * | 1,991 | 0 | * | |||||||||||||||
Xiang De Yu | 2,074 | * | 2,074 | 0 | * | |||||||||||||||
Tao Yang | 2,086 | * | 2,086 | 0 | * | |||||||||||||||
Bin Chen | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Chang Qing Li | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Dong Wei Wang | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Gongwei Yang | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Gui Rong Wang | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Hao Qi Chen | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Hui Lin Qiao | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Jun Wang | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Jun Wu | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Lan Ying Wang | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Lei Bao | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Li Ping Zhang | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Qiuhong Ma | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Quan An Cao | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Shi Xiang Jia | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Shu Hua Qu | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Shufang Sun | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Tong Xu | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Wen Long Yang | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Wen Qing Liu | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Xiang Zhe Zheng | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Xianhua Hua | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Xiao Dong Wang | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Xiao Hong Yang | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Xiu Ling Wang | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Xu Gui Xie | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Yu Ming He | 2,370 | * | 2,370 | 0 | * |
Beneficial Ownership Prior to Offering | Beneficial Ownership After the Offering | |||||||||||||||||||
Name of Beneficial Owner | # Shares(1) | Percentage | # Shares Offered | # Shares | Percentage(2) | |||||||||||||||
Yu Qin Liu | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Yumei Wang | 2,370 | * | 2,370 | 0 | * | |||||||||||||||
Gui Zhi Yang | 2,413 | * | 2,413 | 0 | * | |||||||||||||||
Yong Hai Yu | 2,413 | * | 2,413 | 0 | * | |||||||||||||||
Cheng Hui Tang | 2,489 | * | 2,489 | 0 | * | |||||||||||||||
Jun Li | 2,489 | * | 2,489 | 0 | * | |||||||||||||||
Li Yan Hua | 2,489 | * | 2,489 | 0 | * | |||||||||||||||
Shu Min Gao | 2,489 | * | 2,489 | 0 | * | |||||||||||||||
Zhende Zhang | 2,489 | * | 2,489 | 0 | * | |||||||||||||||
Zhi Ping Xiao | 2,489 | * | 2,489 | 0 | * | |||||||||||||||
Guo Zhen Dai | 2,545 | * | 2,545 | 0 | * | |||||||||||||||
Dian Jin Luan | 2,560 | * | 2,560 | 0 | * | |||||||||||||||
Jian Zhang | 2,560 | * | 2,560 | 0 | * | |||||||||||||||
Huan Qin Liu | 2,607 | * | 2,607 | 0 | * | |||||||||||||||
Jin Song | 2,607 | * | 2,607 | 0 | * | |||||||||||||||
Lifang Zhu | 2,607 | * | 2,607 | 0 | * | |||||||||||||||
Shu Jie Jiang | 2,607 | * | 2,607 | 0 | * | |||||||||||||||
Yan Han | 2,607 | * | 2,607 | 0 | * | |||||||||||||||
Zhiguo Liu | 2,607 | * | 2,607 | 0 | * | |||||||||||||||
Shi Guo Liang | 2,752 | * | 2,752 | 0 | * | |||||||||||||||
Chun Hui Jia | 2,765 | * | 2,765 | 0 | * | |||||||||||||||
Shu Qing Sun | 2,852 | * | 2,852 | 0 | * | |||||||||||||||
Gui Mei Shi | 2,896 | * | 2,896 | 0 | * | |||||||||||||||
Hua Li | 2,896 | * | 2,896 | 0 | * | |||||||||||||||
Hui Jiang | 2,896 | * | 2,896 | 0 | * | |||||||||||||||
Hui Zhu | 2,896 | * | 2,896 | 0 | * | |||||||||||||||
Huiying Liu | 2,896 | * | 2,896 | 0 | * | |||||||||||||||
Jia Zhi Wang | 2,896 | * | 2,896 | 0 | * | |||||||||||||||
Jingshu Lv | 2,896 | * | 2,896 | 0 | * | |||||||||||||||
Li Bin Du | 2,896 | * | 2,896 | 0 | * | |||||||||||||||
Li Juan Xia | 2,896 | * | 2,896 | 0 | * | |||||||||||||||
Li Ping Yang | 2,896 | * | 2,896 | 0 | * | |||||||||||||||
Li Tang | 2,896 | * | 2,896 | 0 | * | |||||||||||||||
Qing Ren Li | 2,896 | * | 2,896 | 0 | * | |||||||||||||||
Rui Yue | 2,896 | * | 2,896 | 0 | * | |||||||||||||||
Wen Xian Dong | 2,896 | * | 2,896 | 0 | * | |||||||||||||||
Xianzhang Sun | 2,896 | * | 2,896 | 0 | * | |||||||||||||||
Xin Yun Wang | 2,896 | * | 2,896 | 0 | * | |||||||||||||||
Yan Ping Qu | 2,896 | * | 2,896 | 0 | * | |||||||||||||||
Yi Tao Lang | 2,896 | * | 2,896 | 0 | * | |||||||||||||||
Yu Qin Wang | 2,896 | * | 2,896 | 0 | * | |||||||||||||||
Yu Zhang Yue | 2,896 | * | 2,896 | 0 | * | |||||||||||||||
Zhengguang Shao | 2,896 | * | 2,896 | 0 | * | |||||||||||||||
Zhenmei Qu | 2,896 | * | 2,896 | 0 | * | |||||||||||||||
Zhiqiang Wang | 2,896 | * | 2,896 | 0 | * |
Beneficial Ownership Prior to Offering | Beneficial Ownership After the Offering | |||||||||||||||||||
Name of Beneficial Owner | # Shares(1) | Percentage | # Shares Offered | # Shares | Percentage(2) | |||||||||||||||
Zhiwei Tian | 2,896 | * | 2,896 | 0 | * | |||||||||||||||
Feng Hu Ma | 2,986 | * | 2,986 | 0 | * | |||||||||||||||
Xi Qin Wang | 3,072 | * | 3,072 | 0 | * | |||||||||||||||
Lin Juan Xu | 3,128 | * | 3,128 | 0 | * | |||||||||||||||
Xiaoli Xu | 3,160 | * | 3,160 | 0 | * | |||||||||||||||
Xiuzhi Zhao | 3,160 | * | 3,160 | 0 | * | |||||||||||||||
Congge Tang | 3,318 | * | 3,318 | 0 | * | |||||||||||||||
Dingli Sun | 3,318 | * | 3,318 | 0 | * | |||||||||||||||
Fenglan Guan | 3,318 | * | 3,318 | 0 | * | |||||||||||||||
Guiying Song | 3,318 | * | 3,318 | 0 | * | |||||||||||||||
Guizhi Yin | 3,318 | * | 3,318 | 0 | * | |||||||||||||||
Hongnan Yu | 3,318 | * | 3,318 | 0 | * | |||||||||||||||
Jihua Zhang | 3,318 | * | 3,318 | 0 | * | |||||||||||||||
Jinxia Lu | 3,318 | * | 3,318 | 0 | * | |||||||||||||||
Jirong Zhang | 3,318 | * | 3,318 | 0 | * | |||||||||||||||
Lihua Zhang | 3,318 | * | 3,318 | 0 | * | |||||||||||||||
Linglin Chen | 3,318 | * | 3,318 | 0 | * | |||||||||||||||
Shuying Zhang | 3,318 | * | 3,318 | 0 | * | |||||||||||||||
Xiuhua Cao | 3,318 | * | 3,318 | 0 | * | |||||||||||||||
Xiujuan Li | 3,318 | * | 3,318 | 0 | * | |||||||||||||||
Ying Sun | 3,318 | * | 3,318 | 0 | * | |||||||||||||||
Hong Kuai Feng | 3,413 | * | 3,413 | 0 | * | |||||||||||||||
Zhan Xiang Zhang | 3,413 | * | 3,413 | 0 | * | |||||||||||||||
Fu Yu | 3,476 | * | 3,476 | 0 | * | |||||||||||||||
Guang Fa Zhang | 3,476 | * | 3,476 | 0 | * | |||||||||||||||
Gui Qin Zhang | 3,476 | * | 3,476 | 0 | * | |||||||||||||||
Hua Geng | 3,476 | * | 3,476 | 0 | * | |||||||||||||||
Jian Fu Zhang | 3,476 | * | 3,476 | 0 | * | |||||||||||||||
Jing Li | 3,476 | * | 3,476 | 0 | * | |||||||||||||||
Li Ming Hu | 3,476 | * | 3,476 | 0 | * | |||||||||||||||
Liqiu Wang | 3,476 | * | 3,476 | 0 | * | |||||||||||||||
Min Feng Zhang | 3,476 | * | 3,476 | 0 | * | |||||||||||||||
Xuejun Li | 3,476 | * | 3,476 | 0 | * | |||||||||||||||
Xueru Cai | 3,476 | * | 3,476 | 0 | * | |||||||||||||||
Yanjie Yu | 3,476 | * | 3,476 | 0 | * | |||||||||||||||
Zhong Shan Yang | 3,583 | * | 3,583 | 0 | * | |||||||||||||||
Jing Zhi Yu | 3,862 | * | 3,862 | 0 | * | |||||||||||||||
Changjun Wang | 3,950 | * | 3,950 | 0 | * | |||||||||||||||
Dongyu Wang | 3,950 | * | 3,950 | 0 | * | |||||||||||||||
Feng Yan Gai | 3,950 | * | 3,950 | 0 | * | |||||||||||||||
Fenglan Liu | 3,950 | * | 3,950 | 0 | * | |||||||||||||||
Hong Yun Jiang | 3,950 | * | 3,950 | 0 | * | |||||||||||||||
Jian Jun Yang | 3,950 | * | 3,950 | 0 | * | |||||||||||||||
Jie Zhao | 3,950 | * | 3,950 | 0 | * |
Beneficial Ownership Prior to Offering | Beneficial Ownership After the Offering | |||||||||||||||||||
Name of Beneficial Owner | # Shares(1) | Percentage | # Shares Offered | # Shares | Percentage(2) | |||||||||||||||
Jing Hai Li | 3,950 | * | 3,950 | 0 | * | |||||||||||||||
Jingzhi Peng | 3,950 | * | 3,950 | 0 | * | |||||||||||||||
Jun Yang | 3,950 | * | 3,950 | 0 | * | |||||||||||||||
Lianyu Wang | 3,950 | * | 3,950 | 0 | * | |||||||||||||||
Qiang Miao | 3,950 | * | 3,950 | 0 | * | |||||||||||||||
Suping Zhu | 3,950 | * | 3,950 | 0 | * | |||||||||||||||
Xiang Dong Yu | 3,950 | * | 3,950 | 0 | * | |||||||||||||||
Xiu Qiu Wang | 3,950 | * | 3,950 | 0 | * | |||||||||||||||
Xun Zhou | 3,950 | * | 3,950 | 0 | * | |||||||||||||||
Ya Lin Jiang | 3,950 | * | 3,950 | 0 | * | |||||||||||||||
Ya Qin Wang | 3,950 | * | 3,950 | 0 | * | |||||||||||||||
Yun Zhen Zuo | 3,950 | * | 3,950 | 0 | * | |||||||||||||||
Zhong Hua Fu | 3,950 | * | 3,950 | 0 | * | |||||||||||||||
Ying Chen | 3,982 | * | 3,982 | 0 | * | |||||||||||||||
Qiulan Bian | 4,029 | * | 4,029 | 0 | * | |||||||||||||||
Yaqin Zhao | 4,108 | * | 4,108 | 0 | * | |||||||||||||||
Jianbo He | 4,213 | * | 4,213 | 0 | * | |||||||||||||||
Hong Jun Fu | 4,227 | * | 4,227 | 0 | * | |||||||||||||||
Ya Wen Gao | 4,266 | * | 4,266 | 0 | * | |||||||||||||||
Ji Chao Wang | 4,345 | * | 4,345 | 0 | * | |||||||||||||||
Jin Qi Jiang | 4,345 | * | 4,345 | 0 | * | |||||||||||||||
Lihua Sun | 4,345 | * | 4,345 | 0 | * | |||||||||||||||
Shao Chen Song | 4,345 | * | 4,345 | 0 | * | |||||||||||||||
Xu Zhang | 4,345 | * | 4,345 | 0 | * | |||||||||||||||
Xuemei Zheng | 4,345 | * | 4,345 | 0 | * | |||||||||||||||
Chang Hai Li | 4,388 | * | 4,388 | 0 | * | |||||||||||||||
Zhaojie Zhang | 4,441 | * | 4,441 | 0 | * | |||||||||||||||
Ming Cai Ye | 4,608 | * | 4,608 | 0 | * | |||||||||||||||
Deyi Sun | 4,740 | * | 4,740 | 0 | * | |||||||||||||||
Ji Xiang Wang | 4,740 | * | 4,740 | 0 | * | |||||||||||||||
Jialan Huang | 4,740 | * | 4,740 | 0 | * | |||||||||||||||
Shuqing Zhang | 4,740 | * | 4,740 | 0 | * | |||||||||||||||
Wei Xie | 4,740 | * | 4,740 | 0 | * | |||||||||||||||
Yuying Li | 4,826 | * | 4,826 | 0 | * | |||||||||||||||
Guo Hui Wang | 4,827 | * | 4,827 | 0 | * | |||||||||||||||
Jian Chun Qi | 4,827 | * | 4,827 | 0 | * | |||||||||||||||
Shu Ran Zheng | 4,827 | * | 4,827 | 0 | * | |||||||||||||||
Yanli Ma | 4,827 | * | 4,827 | 0 | * | |||||||||||||||
Bing Yan Cui | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Chunzhu Yang | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Daowei Zhou | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
De Xiang Sun | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Fan Lu Bai | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Feng Qin Hao | 4,828 | * | 4,828 | 0 | * |
Beneficial Ownership Prior to Offering | Beneficial Ownership After the Offering | |||||||||||||||||||
Name of Beneficial Owner | # Shares(1) | Percentage | # Shares Offered | # Shares | Percentage(2) | |||||||||||||||
Gui Jie Zhang | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Guiying Zhou | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Guo Wei | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Hong Wei Zhang | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Hui Dan Lu | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Jiang Li | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Jie Zhang | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Jin Guo Zhang | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Jin Song Wu | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Jing Yang | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Jingwu Zhang | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Jun Hui Liu | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Lanxiang Li | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Li Ping Yang | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Li Yu | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Lijun Zhao | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Mei Ying Xin | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Mingwen Zhao | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Ping Zhao | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Qing Zhi Liu | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Ru Xiao | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Ruihua Sun | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Shang Wei Hu | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Shou Feng Du | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Shuyuan Lu | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Tiejun Liang | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Ting Xiang Lv | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Wan He Qin | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Wen Chen Zhang | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Wen Peng | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Xiang Li Ma | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Xiao Xiang Lan | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Xin Liu | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Xing Wei Jiang | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Xirong Zhao | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Xiuyan Ben | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Yan Fei Sun | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Yan Hong Gao | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Yang Liu | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Yanlin Zhang | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Yongping Hu | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Yu Ping Xu | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Yu Qin He | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Yu Rong Su | 4,828 | * | 4,828 | 0 | * |
Beneficial Ownership Prior to Offering | Beneficial Ownership After the Offering | |||||||||||||||||||
Name of Beneficial Owner | # Shares(1) | Percentage | # Shares Offered | # Shares | Percentage(2) | |||||||||||||||
Yulan Yan | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Yun Bai | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Yuqin Ye | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Zhanlin Zhang | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Zhi An Tao | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Zhi Ling Wang | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Zhimin Li | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Zhiying Zhang | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Zu En Hu | 4,828 | * | 4,828 | 0 | * | |||||||||||||||
Hong Li | 4,898 | * | 4,898 | 0 | * | |||||||||||||||
Chang Yu Zhang | 4,977 | * | 4,977 | 0 | * | |||||||||||||||
Chunbo Zhao | 4,977 | * | 4,977 | 0 | * | |||||||||||||||
Jie Ming | 4,977 | * | 4,977 | 0 | * | |||||||||||||||
Jumei Sun | 4,977 | * | 4,977 | 0 | * | |||||||||||||||
Laibin Zhao | 4,977 | * | 4,977 | 0 | * | |||||||||||||||
Lihong Tian | 4,977 | * | 4,977 | 0 | * | |||||||||||||||
Wei Qiang Ji | 4,977 | * | 4,977 | 0 | * | |||||||||||||||
Wenli Zhao | 4,977 | * | 4,977 | 0 | * | |||||||||||||||
Xikui Qiao | 4,977 | * | 4,977 | 0 | * | |||||||||||||||
Xiu Lian Sun | 4,977 | * | 4,977 | 0 | * | |||||||||||||||
Yanju Zhao | 4,977 | * | 4,977 | 0 | * | |||||||||||||||
Ying Huang | 4,977 | * | 4,977 | 0 | * | |||||||||||||||
Yong Wei Han | 4,977 | * | 4,977 | 0 | * | |||||||||||||||
Yongxia Zhu | 4,977 | * | 4,977 | 0 | * | |||||||||||||||
Zhengze Huang | 4,977 | * | 4,977 | 0 | * | |||||||||||||||
Zhi Min Liu | 4,977 | * | 4,977 | 0 | * | |||||||||||||||
Dewei Zhao | 5,000 | * | 5,000 | 0 | * | |||||||||||||||
Jianyi Yang | 5,000 | * | 5,000 | 0 | * | |||||||||||||||
Ping Han | 5,000 | * | 5,000 | 0 | * | |||||||||||||||
Shi Yi Li | 5,000 | * | 5,000 | 0 | * | |||||||||||||||
Wei Cao | 5,000 | * | 5,000 | 0 | * | |||||||||||||||
Xiaofeng Li | 5,000 | * | 5,000 | 0 | * | |||||||||||||||
Xue Wang | 5,000 | * | 5,000 | 0 | * | |||||||||||||||
Ling Shan Kong | 5,119 | * | 5,119 | 0 | * | |||||||||||||||
Dongmei Liu | 5,214 | * | 5,214 | 0 | * | |||||||||||||||
Feng Hong Liang | 5,214 | * | 5,214 | 0 | * | |||||||||||||||
He An Wang | 5,214 | * | 5,214 | 0 | * | |||||||||||||||
Jing Zhao | 5,214 | * | 5,214 | 0 | * | |||||||||||||||
Ku Chen | 5,214 | * | 5,214 | 0 | * | |||||||||||||||
Lan Rong Zou | 5,214 | * | 5,214 | 0 | * | |||||||||||||||
Ping Li | 5,214 | * | 5,214 | 0 | * | |||||||||||||||
Xiao Dong Liu | 5,214 | * | 5,214 | 0 | * | |||||||||||||||
Jun Lv | 5,530 | * | 5,530 | 0 | * | |||||||||||||||
Zhiyuan Sun | 5,530 | * | 5,530 | 0 | * |
Beneficial Ownership Prior to Offering | Beneficial Ownership After the Offering | |||||||||||||||||||
Name of Beneficial Owner | # Shares(1) | Percentage | # Shares Offered | # Shares | Percentage(2) | |||||||||||||||
Hui Li | 5,609 | * | 5,609 | 0 | * | |||||||||||||||
Shuqin Zhang | 5,609 | * | 5,609 | 0 | * | |||||||||||||||
Lianshan Chen | 5,688 | * | 5,688 | 0 | * | |||||||||||||||
Chunying Yang | 5,793 | * | 5,793 | 0 | * | |||||||||||||||
Sheng Jiang Liu | 5,793 | * | 5,793 | 0 | * | |||||||||||||||
Shukun Mao | 5,793 | * | 5,793 | 0 | * | |||||||||||||||
Xueshen Xu | 5,793 | * | 5,793 | 0 | * | |||||||||||||||
Qing Guo Wang | 6,070 | * | 6,070 | 0 | * | |||||||||||||||
Kaimei Tan | 6,083 | * | 6,083 | 0 | * | |||||||||||||||
Yi Fei Lin | 6,083 | * | 6,083 | 0 | * | |||||||||||||||
Feng Jun Xi | 6,276 | * | 6,276 | 0 | * | |||||||||||||||
Rong Guo Li | 6,320 | * | 6,320 | 0 | * | |||||||||||||||
Yan Hua Li | 6,320 | * | 6,320 | 0 | * | |||||||||||||||
Yong Zheng | 6,350 | * | 6,350 | 0 | * | |||||||||||||||
Songling Li | 6,372 | * | 6,372 | 0 | * | |||||||||||||||
Yueying Yu | 6,478 | * | 6,478 | 0 | * | |||||||||||||||
Shu Qin Han | 6,510 | * | 6,510 | 0 | * | |||||||||||||||
Xiaoxia Xie | 6,636 | * | 6,636 | 0 | * | |||||||||||||||
Feng Xian Zhao | 6,758 | * | 6,758 | 0 | * | |||||||||||||||
Feng Ying Tang | 6,758 | * | 6,758 | 0 | * | |||||||||||||||
Qing Sheng Li | 6,758 | * | 6,758 | 0 | * | |||||||||||||||
Xiu Rong Liu | 6,758 | * | 6,758 | 0 | * | |||||||||||||||
Anrong Wang | 6,952 | * | 6,952 | 0 | * | |||||||||||||||
Guishan Wang | 6,952 | * | 6,952 | 0 | * | |||||||||||||||
Xiuyun Zhang | 6,952 | * | 6,952 | 0 | * | |||||||||||||||
Lifen Li | 7,110 | * | 7,110 | 0 | * | |||||||||||||||
Bao Yu Xu | 7,338 | * | 7,338 | 0 | * | |||||||||||||||
Bingyou Feng | 7,466 | * | 7,466 | 0 | * | |||||||||||||||
Feng Qing Yu | 7,466 | * | 7,466 | 0 | * | |||||||||||||||
Huimin Tian | 7,466 | * | 7,466 | 0 | * | |||||||||||||||
Jiafang Xu | 7,466 | * | 7,466 | 0 | * | |||||||||||||||
Tong Chen | 7,466 | * | 7,466 | 0 | * | |||||||||||||||
Xueqiu Yu | 7,466 | * | �� | 7,466 | 0 | * | ||||||||||||||
Guangren Zhang | 7,724 | * | 7,724 | 0 | * | |||||||||||||||
Honghua Zhen | 7,724 | * | 7,724 | 0 | * | |||||||||||||||
Li Feng | 7,724 | * | 7,724 | 0 | * | |||||||||||||||
Li Zhao | 7,724 | * | 7,724 | 0 | * | |||||||||||||||
Xi Ling Tong | 7,724 | * | 7,724 | 0 | * | |||||||||||||||
Lai Fa Wang | 7,821 | * | 7,821 | 0 | * | |||||||||||||||
Yan Song Zhao | 7,899 | * | 7,899 | 0 | * | |||||||||||||||
Deling Wang | 7,900 | * | 7,900 | 0 | * | |||||||||||||||
Fenghua Li | 7,900 | * | 7,900 | 0 | * | |||||||||||||||
Fengqin Li | 7,900 | * | 7,900 | 0 | * | |||||||||||||||
Guanghua Liang | 7,900 | * | 7,900 | 0 | * |
Beneficial Ownership Prior to Offering | Beneficial Ownership After the Offering | |||||||||||||||||||
Name of Beneficial Owner | # Shares(1) | Percentage | # Shares Offered | # Shares | Percentage(2) | |||||||||||||||
Guihua Yu | 7,900 | * | 7,900 | 0 | * | |||||||||||||||
Guiqin Liu | 7,900 | * | 7,900 | 0 | * | |||||||||||||||
Haiquan Yang | 7,900 | * | 7,900 | 0 | * | |||||||||||||||
Haitao Yang | 7,900 | * | 7,900 | 0 | * | |||||||||||||||
Hong Li | 7,900 | * | 7,900 | 0 | * | |||||||||||||||
Huawei Mao | 7,900 | * | 7,900 | 0 | * | |||||||||||||||
Li Zhao | 7,900 | * | 7,900 | 0 | * | |||||||||||||||
Liping Xu | 7,900 | * | 7,900 | 0 | * | |||||||||||||||
Liyuan Sun | 7,900 | * | 7,900 | 0 | * | |||||||||||||||
Shouxin Ye | 7,900 | * | 7,900 | 0 | * | |||||||||||||||
Shuqing Wang | 7,900 | * | 7,900 | 0 | * | |||||||||||||||
Wan Zhu Liu | 7,900 | * | 7,900 | 0 | * | |||||||||||||||
Xuehua Wang | 7,900 | * | 7,900 | 0 | * | |||||||||||||||
Ya Bin Yu | 7,900 | * | 7,900 | 0 | * | |||||||||||||||
Yanping Dong | 7,900 | * | 7,900 | 0 | * | |||||||||||||||
Ying Fu | 7,900 | * | 7,900 | 0 | * | |||||||||||||||
Yongxin Hao | 7,900 | * | 7,900 | 0 | * | |||||||||||||||
Yu Qin Shan | 7,900 | * | 7,900 | 0 | * | |||||||||||||||
Zhenfeng Wang | 7,900 | * | 7,900 | 0 | * | |||||||||||||||
Zhenjia Liu | 7,900 | * | 7,900 | 0 | * | |||||||||||||||
Zhizhong Tao | 7,900 | * | 7,900 | 0 | * | |||||||||||||||
Zun Li Gao | 7,900 | * | 7,900 | 0 | * | |||||||||||||||
Qinghua Wu | 7,917 | * | 7,917 | 0 | * | |||||||||||||||
Yan Jin | 8,110 | * | 8,110 | 0 | * | |||||||||||||||
Jingzhi Sun | 8,137 | * | 8,137 | 0 | * | |||||||||||||||
Fenglan Gao | 8,295 | * | 8,295 | 0 | * | |||||||||||||||
Kunjun Xu | 8,295 | * | 8,295 | 0 | * | |||||||||||||||
Wanyou Li | 8,295 | * | 8,295 | 0 | * | |||||||||||||||
Wenming Guo | 8,295 | * | 8,295 | 0 | * | |||||||||||||||
Xiaojie Wang | 8,295 | * | 8,295 | 0 | * | |||||||||||||||
Tonghua Li | 8,496 | * | 8,496 | 0 | * | |||||||||||||||
Shu Fen Lu | 8,532 | * | 8,532 | 0 | * | |||||||||||||||
Su Zhen Wang | 8,532 | * | 8,532 | 0 | * | |||||||||||||||
Guan Wang | 8,688 | * | 8,688 | 0 | * | |||||||||||||||
Bai Gang He | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Bao Xiang Yu | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Baoli Wang | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Chang Jiang Xia | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Changhai Guo | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Cheng Lin Sun | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Gui Zhi Sang | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Hongju Liu | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Hongyin Wu | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Hui Tang | 8,690 | * | 8,690 | 0 | * |
Beneficial Ownership Prior to Offering | Beneficial Ownership After the Offering | |||||||||||||||||||
Name of Beneficial Owner | # Shares(1) | Percentage | # Shares Offered | # Shares | Percentage(2) | |||||||||||||||
Hui Zhang | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Jing Shen | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Jinwen Fan | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Jinxi Zheng | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Lijun Meng | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Ling Wang | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Luxia Ma | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Mingdong Zhang | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Qi Sun | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Shou Zhi Wei | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Shu You Gou | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Shuyuan Li | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Songzhi Ding | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Tong Tong | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Wei Ze Sun | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Weiqi Wang | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Wenying Liu | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Xia Jiang | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Xiu Ping Du | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Xiu Yan Li | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Xiufeng Shao | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Xiuhua Li | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Xiuhua Zhu | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Xiuying Liu | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Xuehai Li | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Yan Feng Ji | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Yan Qing Su | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Yanlai Zhang | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Yao Gang Zhou | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Youcheng Yan | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Yu Hua Mei | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Yu Yan Zhao | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Yun Lan Feng | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Zhancai Gao | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Zhao Yuan Liu | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Zhao’an Wan | 8,690 | * | 8,690 | 0 | * | |||||||||||||||
Hang Xu | 8,703 | * | 8,703 | 0 | * | |||||||||||||||
Dexiang Yin | 8,883 | * | 8,883 | 0 | * | |||||||||||||||
Lijun Sun | 8,895 | * | 8,895 | 0 | * | |||||||||||||||
Shumei Di | 8,927 | * | 8,927 | 0 | * | |||||||||||||||
Qing Zhong Zhang | 9,069 | * | 9,069 | 0 | * | |||||||||||||||
Yong Lai Liu | 9,211 | * | 9,211 | 0 | * | |||||||||||||||
Yongtian Liu | 9,211 | * | 9,211 | 0 | * | |||||||||||||||
Qiu Ling Dong | 9,322 | * | 9,322 | 0 | * |
Beneficial Ownership Prior to Offering | Beneficial Ownership After the Offering | |||||||||||||||||||
Name of Beneficial Owner | # Shares(1) | Percentage | # Shares Offered | # Shares | Percentage(2) | |||||||||||||||
Hong Li | 9,654 | * | 9,654 | 0 | * | |||||||||||||||
Chang Li Dong | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Changchun Li | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Chun Yan Bai | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Cui Ping Wang | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Dong Ming Ge | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Fei Yu | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Feng Juan Liu | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Feng Lan Sun | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Feng Yun Zhang | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Fuzhen Liu | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Guangbo Jiang | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Guo Yu Li | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Hai Quan Cao | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Hong Yan Gong | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Lei Yu | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Lei Zhang | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Ming Xun Han | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Rong Hua Yan | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Shuang Yan Liu | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Shumei Shan | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Wei Dong | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Wei Xue Shan | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Xiu Qin Zhang | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Xiu Ying Yu | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Yan Ju Liu | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Yan Jun Gao | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Ye Tian | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Yun Xia Jiang | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Yuqin Shang | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Zhen Hua Yuan | 9,655 | * | 9,655 | 0 | * | |||||||||||||||
Yuhua Liu | 9,717 | * | 9,717 | 0 | * | |||||||||||||||
Ting Shan Yan | 9,948 | * | 9,948 | 0 | * | |||||||||||||||
Gui Yan Yin | 9,954 | * | 9,954 | 0 | * | |||||||||||||||
Hong Zeng Sun | 9,954 | * | 9,954 | 0 | * | |||||||||||||||
Airong Wang | 10,000 | * | 10,000 | 0 | * | |||||||||||||||
Bainian Li | 10,000 | * | 10,000 | 0 | * | |||||||||||||||
Baoguo Cui | 10,000 | * | 10,000 | 0 | * | |||||||||||||||
Fei Su | 10,000 | * | 10,000 | 0 | * | |||||||||||||||
Guangzhong Li | 10,000 | * | 10,000 | 0 | * | |||||||||||||||
Jianguo Tan | 10,000 | * | 10,000 | 0 | * | |||||||||||||||
Jixu Wen | 10,000 | * | 10,000 | 0 | * | |||||||||||||||
Lianfa Sun | 10,000 | * | 10,000 | 0 | * | |||||||||||||||
Senjian Gao | 10,000 | * | 10,000 | 0 | * |
Beneficial Ownership Prior to Offering | Beneficial Ownership After the Offering | |||||||||||||||||||
Name of Beneficial Owner | # Shares(1) | Percentage | # Shares Offered | # Shares | Percentage(2) | |||||||||||||||
Shibo Zhang | 10,000 | * | 10,000 | 0 | * | |||||||||||||||
Shufang Men | 10,000 | * | 10,000 | 0 | * | |||||||||||||||
Weili Wang | 10,000 | * | 10,000 | 0 | * | |||||||||||||||
Xiaojun Shen | 10,000 | * | 10,000 | 0 | * | |||||||||||||||
Xiaozhong Liu | 10,000 | * | 10,000 | 0 | * | |||||||||||||||
Xiuying Ma | 10,000 | * | 10,000 | 0 | * | |||||||||||||||
Youpeng Wang | 10,000 | * | 10,000 | 0 | * | |||||||||||||||
Yulan Zhang | 10,000 | * | 10,000 | 0 | * | |||||||||||||||
Zhiming Zhang | 10,000 | * | 10,000 | 0 | * | |||||||||||||||
Zhiwei Liu | 10,000 | * | 10,000 | 0 | * | |||||||||||||||
Yanjun Liu | 10,042 | * | 10,042 | 0 | * | |||||||||||||||
Yaxiang Wang | 10,153 | * | 10,153 | 0 | * | |||||||||||||||
Yan Cai Zhang | 10,390 | * | 10,390 | 0 | * | |||||||||||||||
Hui Wang | 10,428 | * | 10,428 | 0 | * | |||||||||||||||
Ben Ming Zang | 10,524 | * | 10,524 | 0 | * | |||||||||||||||
Limin Zhang | 10,949 | * | 10,949 | 0 | * | |||||||||||||||
Chang Hui Ma | 10,972 | * | 10,972 | 0 | * | |||||||||||||||
Jinhui Chen | 11,115 | * | 11,115 | 0 | * | |||||||||||||||
Shu Jun Cui | 11,142 | * | 11,142 | 0 | * | |||||||||||||||
Hongtao Zhang | 11,447 | * | 11,447 | 0 | * | |||||||||||||||
Qing Chun Wang | 11,566 | * | 11,566 | 0 | * | |||||||||||||||
Ping Lin | 11,586 | * | 11,586 | 0 | * | |||||||||||||||
Shu Fen Wan | 11,586 | * | 11,586 | 0 | * | |||||||||||||||
Wei Liu | 11,586 | * | 11,586 | 0 | * | |||||||||||||||
Ze Chu | 11,586 | * | 11,586 | 0 | * | |||||||||||||||
Bin Qin | 11,850 | * | 11,850 | 0 | * | |||||||||||||||
Junying Zhu | 11,850 | * | 11,850 | 0 | * | |||||||||||||||
Liping Zhang | 11,850 | * | 11,850 | 0 | * | |||||||||||||||
Minghai Zhang | 11,850 | * | 11,850 | 0 | * | |||||||||||||||
Liping Xu | 12,166 | * | 12,166 | 0 | * | |||||||||||||||
Shu Yu Li | 12,166 | * | 12,166 | 0 | * | |||||||||||||||
Yu Xiang Li | 12,166 | * | 12,166 | 0 | * | |||||||||||||||
Yaqin Fan | 12,288 | * | 12,288 | 0 | * | |||||||||||||||
Yuanchang Liu | 12,340 | * | 12,340 | 0 | * | |||||||||||||||
Jinping Xia | 12,443 | * | 12,443 | 0 | * | |||||||||||||||
Lei Wang | 12,443 | * | 12,443 | 0 | * | |||||||||||||||
Qing Zhi Hu | 12,443 | * | 12,443 | 0 | * | |||||||||||||||
Xiling Yu | 12,443 | * | 12,443 | 0 | * | |||||||||||||||
Zhi Ping Li | 12,443 | * | 12,443 | 0 | * | |||||||||||||||
Kebin Ma | 12,552 | * | 12,552 | 0 | * | |||||||||||||||
Bao Shan Li | 13,035 | * | 13,035 | 0 | * | |||||||||||||||
Haijie Zhou | 13,035 | * | 13,035 | 0 | * | |||||||||||||||
Lian Min Tan | 13,035 | * | 13,035 | 0 | * | |||||||||||||||
Minghui Jiang | 13,051 | * | 13,051 | 0 | * |
Beneficial Ownership Prior to Offering | Beneficial Ownership After the Offering | |||||||||||||||||||
Name of Beneficial Owner | # Shares(1) | Percentage | # Shares Offered | # Shares | Percentage(2) | |||||||||||||||
Xiu Qin Wan | 13,114 | * | 13,114 | 0 | * | |||||||||||||||
Huijian Xue | 13,193 | * | 13,193 | 0 | * | |||||||||||||||
Yuqin Chen | 13,272 | * | 13,272 | 0 | * | |||||||||||||||
Yan Qiu Yu | 13,383 | * | 13,383 | 0 | * | |||||||||||||||
Jian Sheng Yan | 13,518 | * | 13,518 | 0 | * | |||||||||||||||
Ying Xue | 13,518 | * | 13,518 | 0 | * | |||||||||||||||
Chun Yu Zhou | 13,667 | * | 13,667 | 0 | * | |||||||||||||||
Rui Shan Zhang | 13,890 | * | 13,890 | 0 | * | |||||||||||||||
Hua Chen Wang | 13,904 | * | 13,904 | 0 | * | |||||||||||||||
Qiu Yan Zhu | 14,482 | * | 14,482 | 0 | * | |||||||||||||||
Duowen Wang | 14,483 | * | 14,483 | 0 | * | |||||||||||||||
Gui Fen Qiu | 14,483 | * | 14,483 | 0 | * | |||||||||||||||
Guoshun Jiang | 14,483 | * | 14,483 | 0 | * | |||||||||||||||
Hong Da Xu | 14,483 | * | 14,483 | 0 | * | |||||||||||||||
Hongzhu Qi | 14,483 | * | 14,483 | 0 | * | |||||||||||||||
Li Luan | 14,483 | * | 14,483 | 0 | * | |||||||||||||||
Tong Bin Xie | 14,483 | * | 14,483 | 0 | * | |||||||||||||||
Xiao Li Xu | 14,483 | * | 14,483 | 0 | * | |||||||||||||||
Xiaofei Hou | 14,483 | * | 14,483 | 0 | * | |||||||||||||||
Xue Zhi Liang | 14,483 | * | 14,483 | 0 | * | |||||||||||||||
Yu Fen Zhang | 14,483 | * | 14,483 | 0 | * | |||||||||||||||
Yu Ren Bai | 14,483 | * | 14,483 | 0 | * | |||||||||||||||
Zhaoguang Xu | 14,483 | * | 14,483 | 0 | * | |||||||||||||||
Youren Zhu | 14,869 | * | 14,869 | 0 | * | |||||||||||||||
Changyou Li | 15,000 | * | 15,000 | 0 | * | |||||||||||||||
Zhijie Lei | 15,000 | * | 15,000 | 0 | * | |||||||||||||||
You Min Lv | 15,096 | * | 15,096 | 0 | * | |||||||||||||||
Xiang Xun Han | 15,448 | * | 15,448 | 0 | * | |||||||||||||||
Bin Wang | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Bolun Li | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Changdi Niu | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Changmin Zhao | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Fulun Huang | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Haisong Wang | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Huaiyu Xu | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Huijun Zhang | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Jinguo Wang | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Kemin Cao | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Meng Yang | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Qingyi Meng | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Qiong Wu | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Ruihong Fan | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Shihua You | 15,800 | * | 15,800 | 0 | * |
Beneficial Ownership Prior to Offering | Beneficial Ownership After the Offering | |||||||||||||||||||
Name of Beneficial Owner | # Shares(1) | Percentage | # Shares Offered | # Shares | Percentage(2) | |||||||||||||||
Shuling Li | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Shuwen Liu | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Wei Liu | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Xiufang Yang | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Yan Jiang Zhang | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Yanjie Jiang | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Yanyan Li | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Yao Cheng Chen | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Ying Wang | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Yongchang Chen | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Yunyi Liu | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Zhenxin Gu | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Zhimin Wang | 15,800 | * | 15,800 | 0 | * | |||||||||||||||
Guoxiang Bai | 16,195 | * | 16,195 | 0 | * | |||||||||||||||
Yansong Wang | 16,413 | * | 16,413 | 0 | * | |||||||||||||||
Xiuli Wang | 16,414 | * | 16,414 | 0 | * | |||||||||||||||
Cai Ying Zhang | 16,432 | * | 16,432 | 0 | * | |||||||||||||||
Yao Wen Sun | 16,511 | * | 16,511 | 0 | * | |||||||||||||||
Cuiyun Liu | 16,590 | * | 16,590 | 0 | * | |||||||||||||||
Shu Qin Meng | 16,590 | * | 16,590 | 0 | * | |||||||||||||||
Liping Liu | 16,666 | * | 16,666 | 0 | * | |||||||||||||||
Guihua Xu | 16,985 | * | 16,985 | 0 | * | |||||||||||||||
Ou Xu | 16,994 | * | 16,994 | 0 | * | |||||||||||||||
Longfang Xia | 17,121 | * | 17,121 | 0 | * | |||||||||||||||
Yingyu Cui | 17,379 | * | 17,379 | 0 | * | |||||||||||||||
Chong Ming Li | 17,380 | * | 17,380 | 0 | * | |||||||||||||||
Cuiyin Wei | 17,380 | * | 17,380 | 0 | * | |||||||||||||||
Guang Fen Yang | 17,380 | * | 17,380 | 0 | * | |||||||||||||||
Guijie Liu | 17,380 | * | 17,380 | 0 | * | |||||||||||||||
Hai Tao Jiang | 17,380 | * | 17,380 | 0 | * | |||||||||||||||
Hua Chen | 17,380 | * | 17,380 | 0 | * | |||||||||||||||
Ji Gui Chu | 17,380 | * | 17,380 | 0 | * | |||||||||||||||
Ke Min Wang | 17,380 | * | 17,380 | 0 | * | |||||||||||||||
Li Yan Sun | 17,380 | * | 17,380 | 0 | * | |||||||||||||||
Lianke Han | 17,380 | * | 17,380 | 0 | * | |||||||||||||||
Qingtao Zhang | 17,380 | * | 17,380 | 0 | * | |||||||||||||||
Qingyuan Zhang | 17,380 | * | 17,380 | 0 | * | |||||||||||||||
Rong Chang Tang | 17,380 | * | 17,380 | 0 | * | |||||||||||||||
Shi Long Bai | 17,380 | * | 17,380 | 0 | * | |||||||||||||||
Tai Zhao Li | 17,380 | * | 17,380 | 0 | * | |||||||||||||||
Xiangmin Shi | 17,380 | * | 17,380 | 0 | * | |||||||||||||||
Xin Pu | 17,380 | * | 17,380 | 0 | * | |||||||||||||||
Xin Wang | 17,380 | * | 17,380 | 0 | * | |||||||||||||||
Yankui Song | 17,380 | * | 17,380 | 0 | * | |||||||||||||||
Yanwu Wang | 17,380 | * | 17,380 | 0 | * |
Beneficial Ownership Prior to Offering | Beneficial Ownership After the Offering | |||||||||||||||||||
Name of Beneficial Owner | # Shares(1) | Percentage | # Shares Offered | # Shares | Percentage(2) | |||||||||||||||
Yulin Liu | 17,380 | * | 17,380 | 0 | * | |||||||||||||||
Yun Lou Li | 17,380 | * | 17,380 | 0 | * | |||||||||||||||
Zhenhe Jian | 17,380 | * | 17,380 | 0 | * | |||||||||||||||
Qinggang Wu | 18,345 | * | 18,345 | 0 | * | |||||||||||||||
Yan Xia Wang | 18,345 | * | 18,345 | 0 | * | |||||||||||||||
Jian Hua Peng | 18,574 | * | 18,574 | 0 | * | |||||||||||||||
Hong Yun Liu | 19,311 | * | 19,311 | 0 | * | |||||||||||||||
Lida Wu | 19,311 | * | 19,311 | 0 | * | |||||||||||||||
Qiuyan Chen | 19,311 | * | 19,311 | 0 | * | |||||||||||||||
Yu Xi Zhang | 19,311 | * | 19,311 | 0 | * | |||||||||||||||
Min Li Wang | 19,500 | * | 19,500 | 0 | * | |||||||||||||||
Feng Shu Dong | 19,863 | * | 19,863 | 0 | * | |||||||||||||||
Zhenlai Li | 19,908 | * | 19,908 | 0 | * | |||||||||||||||
Chaoyang Liu | 20,000 | * | 20,000 | 0 | * | |||||||||||||||
Chengming Cui | 20,000 | * | 20,000 | 0 | * | |||||||||||||||
Chunyan Sun | 20,000 | * | 20,000 | 0 | * | |||||||||||||||
Daming Feng | 20,000 | * | 20,000 | 0 | * | |||||||||||||||
Dan Wang | 20,000 | * | 20,000 | 0 | * | |||||||||||||||
Dewen Liu | 20,000 | * | 20,000 | 0 | * | |||||||||||||||
Fuying Wang | 20,000 | * | 20,000 | 0 | * | |||||||||||||||
Guizhu Wang | 20,000 | * | 20,000 | 0 | * | |||||||||||||||
Jin’nian Liu | 20,000 | * | 20,000 | 0 | * | |||||||||||||||
Jiyu Wang | 20,000 | * | 20,000 | 0 | * | |||||||||||||||
Lijun Sun | 20,000 | * | 20,000 | 0 | * | |||||||||||||||
Lixin Liu | 20,000 | * | 20,000 | 0 | * | |||||||||||||||
Ming Yan | 20,000 | * | 20,000 | 0 | * | |||||||||||||||
Ping Wang | 20,000 | * | 20,000 | 0 | * | |||||||||||||||
Ruidong Guan | 20,000 | * | 20,000 | 0 | * | |||||||||||||||
Tinghui Wang | 20,000 | * | 20,000 | 0 | * | |||||||||||||||
Xin’gang Sun | 20,000 | * | 20,000 | 0 | * | |||||||||||||||
Xuexian Wang | 20,000 | * | 20,000 | 0 | * | |||||||||||||||
Yanru Dong | 20,000 | * | 20,000 | 0 | * | |||||||||||||||
Zhongwei Luo | 20,000 | * | 20,000 | 0 | * | |||||||||||||||
Yan Long Ren | 20,856 | * | 20,856 | 0 | * | |||||||||||||||
Qing Li | 21,014 | * | 21,014 | 0 | * | |||||||||||||||
Yuanhui Dong | 21,242 | * | 21,242 | 0 | * | |||||||||||||||
Guifang Zhang | 21,396 | * | 21,396 | 0 | * | |||||||||||||||
Shuhua Zhao | 21,567 | * | 21,567 | 0 | * | |||||||||||||||
Guo Chao Duan | 22,120 | * | 22,120 | 0 | * | |||||||||||||||
Jindao Zhang | 22,208 | * | 22,208 | 0 | * | |||||||||||||||
Jing Li | 23,068 | * | 23,068 | 0 | * | |||||||||||||||
Xingcun Zhao | 23,068 | * | 23,068 | 0 | * | |||||||||||||||
Yanping Cao | 23,147 | * | 23,147 | 0 | * | |||||||||||||||
Zhi Ping Hao | 23,173 | * | 23,173 | 0 | * |
Beneficial Ownership Prior to Offering | Beneficial Ownership After the Offering | |||||||||||||||||||
Name of Beneficial Owner | # Shares(1) | Percentage | # Shares Offered | # Shares | Percentage(2) | |||||||||||||||
Hui Cao | 23,226 | * | 23,226 | 0 | * | |||||||||||||||
Chuanhong Fan | 23,700 | * | 23,700 | 0 | * | |||||||||||||||
Chunyan Liu | 23,700 | * | 23,700 | 0 | * | |||||||||||||||
Da Mao Yang | 23,700 | * | 23,700 | 0 | * | |||||||||||||||
Fumin Jiang | 23,700 | * | 23,700 | 0 | * | |||||||||||||||
Jialin Yu | 23,700 | * | 23,700 | 0 | * | |||||||||||||||
Jin Zhong Wang | 23,700 | * | 23,700 | 0 | * | |||||||||||||||
Jinghua Guo | 23,700 | * | 23,700 | 0 | * | |||||||||||||||
Li Hua Wang | 23,700 | * | 23,700 | 0 | * | |||||||||||||||
Li Qui Zhang | 23,700 | * | 23,700 | 0 | * | |||||||||||||||
Li Xin Fan | 23,700 | * | 23,700 | 0 | * | |||||||||||||||
Long Zhou | 23,700 | * | 23,700 | 0 | * | |||||||||||||||
Shu Min Cao | 23,700 | * | 23,700 | 0 | * | |||||||||||||||
Wan Hua Li | 23,700 | * | 23,700 | 0 | * | |||||||||||||||
Xiao Chun Jing | 23,700 | * | 23,700 | 0 | * | |||||||||||||||
Xinghua Song | 23,700 | * | 23,700 | 0 | * | |||||||||||||||
Yanhui Liu | 23,700 | * | 23,700 | 0 | * | |||||||||||||||
Yanyan Zhang | 23,700 | * | 23,700 | 0 | * | |||||||||||||||
Zhong Li | 23,700 | * | 23,700 | 0 | * | |||||||||||||||
Zhuo Zhang | 23,700 | * | 23,700 | 0 | * | |||||||||||||||
Dechun Zhang | 24,138 | * | 24,138 | 0 | * | |||||||||||||||
Lihua Yang | 24,138 | * | 24,138 | 0 | * | |||||||||||||||
Shengmao Liu | 24,138 | * | 24,138 | 0 | * | |||||||||||||||
Yu Mei Bai | 24,138 | * | 24,138 | 0 | * | |||||||||||||||
Guo Wen Li | 24,525 | * | 24,525 | 0 | * | |||||||||||||||
Jing Hua Guan | 24,885 | * | 24,885 | 0 | * | |||||||||||||||
Li Hua Yu | 24,885 | * | 24,885 | 0 | * | |||||||||||||||
Shu Yan | 24,885 | * | 24,885 | 0 | * | |||||||||||||||
Hui Leng | 25,000 | * | 25,000 | 0 | * | |||||||||||||||
Weihong Zhang | 25,000 | * | 25,000 | 0 | * | |||||||||||||||
Zhen Jiang Lian | 25,122 | * | 25,122 | 0 | * | |||||||||||||||
Congwei Chen | 25,280 | * | 25,280 | 0 | * | |||||||||||||||
Ying Liu | 25,455 | * | 25,455 | 0 | * | |||||||||||||||
Xi Bin Liu | 25,722 | * | 25,722 | 0 | * | |||||||||||||||
Fengxia Liu | 26,070 | * | 26,070 | 0 | * | |||||||||||||||
Guo Xu | 26,070 | * | 26,070 | 0 | * | |||||||||||||||
Shi Gang Lin | 26,070 | * | 26,070 | 0 | * | |||||||||||||||
Wei Tian | 26,070 | * | 26,070 | 0 | * | |||||||||||||||
Xiangjiu Li | 26,070 | * | 26,070 | 0 | * | |||||||||||||||
Xiaoli Wen | 26,070 | * | 26,070 | 0 | * | |||||||||||||||
Xiumin Zhang | 26,070 | * | 26,070 | 0 | * | |||||||||||||||
Bailing Yin | 27,966 | * | 27,966 | 0 | * | |||||||||||||||
Hui Lan Chi | 28,001 | * | 28,001 | 0 | * | |||||||||||||||
Hong Peng | 28,966 | * | 28,966 | 0 | * |
Beneficial Ownership Prior to Offering | Beneficial Ownership After the Offering | |||||||||||||||||||
Name of Beneficial Owner | # Shares(1) | Percentage | # Shares Offered | # Shares | Percentage(2) | |||||||||||||||
Meichun Wang | 28,966 | * | 28,966 | 0 | * | |||||||||||||||
Tai Yang Wang | 28,966 | * | 28,966 | 0 | * | |||||||||||||||
Yanhua Chen | 28,966 | * | 28,966 | 0 | * | |||||||||||||||
Yin Qi Cui | 29,033 | * | 29,033 | 0 | * | |||||||||||||||
Bin Hu | 30,000 | * | 30,000 | 0 | * | |||||||||||||||
Chuanbao Gu | 30,000 | * | 30,000 | 0 | * | |||||||||||||||
Deming Li | 30,000 | * | 30,000 | 0 | * | |||||||||||||||
Guoliang Wu | 30,000 | * | 30,000 | 0 | * | |||||||||||||||
Lili Wen | 30,000 | * | 30,000 | 0 | * | |||||||||||||||
Wenjia Yuan | 30,000 | * | 30,000 | 0 | * | |||||||||||||||
Yi Zhang | 30,000 | * | 30,000 | 0 | * | |||||||||||||||
Yonggang Sun | 30,000 | * | 30,000 | 0 | * | |||||||||||||||
Yonglin Gao | 30,000 | * | 30,000 | 0 | * | |||||||||||||||
Yuan Guang | 30,000 | * | 30,000 | 0 | * | |||||||||||||||
Shanling Wang | 30,415 | * | 30,415 | 0 | * | |||||||||||||||
Hua Guo | 30,856 | * | 30,856 | 0 | * | |||||||||||||||
Qingzhen Yuan | 31,521 | * | 31,521 | 0 | * | |||||||||||||||
Chunping Zhang | 31,600 | * | 31,600 | 0 | * | |||||||||||||||
Dong Yan Guan | 31,600 | * | 31,600 | 0 | * | |||||||||||||||
Gong Shen | 31,600 | * | 31,600 | 0 | * | |||||||||||||||
Jing Liu | 31,600 | * | 31,600 | 0 | * | |||||||||||||||
Qingshu Zhao | 31,600 | * | 31,600 | 0 | * | |||||||||||||||
Wei Guo | 31,600 | * | 31,600 | 0 | * | |||||||||||||||
Xingwei Xu | 31,600 | * | 31,600 | 0 | * | |||||||||||||||
Rui Zhi Dong | 32,225 | * | 32,225 | 0 | * | |||||||||||||||
Yanping Xu | 33,180 | * | 33,180 | 0 | * | |||||||||||||||
Zhi Fan Jiao | 33,197 | * | 33,197 | 0 | * | |||||||||||||||
Jie Yu | 33,601 | * | 33,601 | 0 | * | |||||||||||||||
Chunfang Wang | 33,749 | * | 33,749 | 0 | * | |||||||||||||||
Zhao Ping Meng | 34,491 | * | 34,491 | 0 | * | |||||||||||||||
Guilian Zhang | 34,523 | * | 34,523 | 0 | * | |||||||||||||||
Fengling Shan | 34,760 | * | 34,760 | 0 | * | |||||||||||||||
Fujin Zhang | 34,760 | * | 34,760 | 0 | * | |||||||||||||||
Hengdong Zhang | 34,760 | * | 34,760 | 0 | * | |||||||||||||||
Yanrong Wei | 35,550 | * | 35,550 | 0 | * | |||||||||||||||
Gui Zhu | 35,725 | * | 35,725 | 0 | * | |||||||||||||||
Xiu Chen | 36,498 | * | 36,498 | 0 | * | |||||||||||||||
Yu Bin Yan | 36,508 | * | 36,508 | 0 | * | |||||||||||||||
Zhi Gang Li | 36,581 | * | 36,581 | 0 | * | |||||||||||||||
Yongqiang Yan | 37,328 | * | 37,328 | 0 | * | |||||||||||||||
Fei Liu | 38,236 | * | 38,236 | 0 | * | |||||||||||||||
Mu Zhang | 38,622 | * | 38,622 | 0 | * | |||||||||||||||
Bao Xin Shen | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Bo Yu | 39,500 | * | 39,500 | 0 | * |
Beneficial Ownership Prior to Offering | Beneficial Ownership After the Offering | |||||||||||||||||||
Name of Beneficial Owner | # Shares(1) | Percentage | # Shares Offered | # Shares | Percentage(2) | |||||||||||||||
Chongqin Dong | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Dian Bao Lu | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Hong Ting Ji | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Hongbo Pan | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Jicai Lang | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Jilian Yuan | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Jing Zhi Zhu | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Jun Wang | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Lili Liu | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Lu Bo Zhang | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Mingqian Liu | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Nanbin Liu | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Qingguo Li | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Rui Hou | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Ruizhe Zhang | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Shu Lan Gao | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Shu Xia Ding | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Shu Xian Pan | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Shukui Wang | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Xian Zhi Sun | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Xin Yu Zhao | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Yi Fan Zhang | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Yingjun Jiang | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Yong Jia Lv | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Zhao Hui Han | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Zhigang Wang | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Zhuang Nan Li | 39,500 | * | 39,500 | 0 | * | |||||||||||||||
Liang Wen Song | 39,588 | * | 39,588 | 0 | * | |||||||||||||||
Zi Feng Zhou | 39,588 | * | 39,588 | 0 | * | |||||||||||||||
Song Lin Yi | 39,974 | * | 39,974 | 0 | * | |||||||||||||||
Xiuzhen Hu | 40,000 | * | 40,000 | 0 | * | |||||||||||||||
Cheng Jun Zhang | 40,843 | * | 40,843 | 0 | * | |||||||||||||||
Xingchen Liu | 43,449 | * | 43,449 | 0 | * | |||||||||||||||
Chun Bo Sun | 43,450 | * | 43,450 | 0 | * | |||||||||||||||
Feng Wen Li | 43,450 | * | 43,450 | 0 | * | |||||||||||||||
Tian Lei Wang | 43,450 | * | 43,450 | 0 | * | |||||||||||||||
Wen Zhi Zhang | 43,450 | * | 43,450 | 0 | * | |||||||||||||||
Xiao Hui Deng | 43,450 | * | 43,450 | 0 | * | |||||||||||||||
Yanping Cui | 43,450 | * | 43,450 | 0 | * | |||||||||||||||
Zhong Hai Zhang | 43,450 | * | 43,450 | 0 | * | |||||||||||||||
Jia An Lv | 44,103 | * | 44,103 | 0 | * | |||||||||||||||
Jing Zhang | 44,148 | * | 44,148 | 0 | * | |||||||||||||||
Wenzhong Guo | 45,000 | * | 45,000 | 0 | * | |||||||||||||||
Hongyan Liu | 45,188 | * | 45,188 | 0 | * |
Beneficial Ownership Prior to Offering | Beneficial Ownership After the Offering | |||||||||||||||||||
Name of Beneficial Owner | # Shares(1) | Percentage | # Shares Offered | # Shares | Percentage(2) | |||||||||||||||
Xiao Ying Ma | 47,400 | * | 47,400 | 0 | * | |||||||||||||||
Hongying Wang | 47,795 | * | 47,795 | 0 | * | |||||||||||||||
Chun Feng Li | 48,278 | * | 48,278 | 0 | * | |||||||||||||||
Yong Li Wang | 48,278 | * | 48,278 | 0 | * | |||||||||||||||
Zhi Hai Jiang | 48,644 | * | 48,644 | 0 | * | |||||||||||||||
Shu Zhen Zhang | 49,217 | * | 49,217 | 0 | * | |||||||||||||||
Chengqing Yang | 50,000 | * | 50,000 | 0 | * | |||||||||||||||
Donghui Zhao | 50,000 | * | 50,000 | 0 | * | |||||||||||||||
Guijin Hou | 50,000 | * | 50,000 | 0 | * | |||||||||||||||
Jianjun Zhao | 50,000 | * | 50,000 | 0 | * | |||||||||||||||
Liyanyan | 50,000 | * | 50,000 | 0 | * | |||||||||||||||
Min Zhou | 50,000 | * | 50,000 | 0 | * | |||||||||||||||
Qiuli Liu | 50,000 | * | 50,000 | 0 | * | |||||||||||||||
Rong Han | 50,000 | * | 50,000 | 0 | * | |||||||||||||||
Tongchun Bi | 50,000 | * | 50,000 | 0 | * | |||||||||||||||
Xiulan Cao | 50,000 | * | 50,000 | 0 | * | |||||||||||||||
Yanling Li | 50,000 | * | 50,000 | 0 | * | |||||||||||||||
Yanming Li | 50,000 | * | 50,000 | 0 | * | |||||||||||||||
Yongping Wang | 50,000 | * | 50,000 | 0 | * | |||||||||||||||
Yujie Dong | 50,000 | * | 50,000 | 0 | * | |||||||||||||||
Jun Ying Bai | 52,028 | * | 52,028 | 0 | * | |||||||||||||||
Li Juan Feng | 52,266 | * | 52,266 | 0 | * | |||||||||||||||
Shi Yun Zheng | 53,960 | * | 53,960 | 0 | * | |||||||||||||||
Jiu Hua Zhang | 54,313 | * | 54,313 | 0 | * | |||||||||||||||
Yonghua Zhang | 54,747 | * | 54,747 | 0 | * | |||||||||||||||
Feng Gang Qiu | 55,300 | * | 55,300 | 0 | * | |||||||||||||||
Hongchang Liu | 56,485 | * | 56,485 | 0 | * | |||||||||||||||
Yuangui Zhao | 57,933 | * | 57,933 | 0 | * | |||||||||||||||
Fulin Wang | 60,830 | * | 60,830 | 0 | * | |||||||||||||||
Zhenwen Zhou | 61,535 | * | 61,535 | 0 | * | |||||||||||||||
Changhai Ning | 62,213 | * | 62,213 | 0 | * | |||||||||||||||
Gui Fen Geng | 62,252 | * | 62,252 | 0 | * | |||||||||||||||
Qi Li | 62,568 | * | 62,568 | 0 | * | |||||||||||||||
Xinxue Zhong | 63,200 | * | 63,200 | 0 | * | |||||||||||||||
Su Ping Wang | 65,385 | * | 65,385 | 0 | * | |||||||||||||||
Jie Dong | 68,730 | * | 68,730 | 0 | * | |||||||||||||||
En Jiang He | 77,824 | * | 77,824 | 0 | * | |||||||||||||||
Chun Liu Du | 78,210 | * | 78,210 | 0 | * | |||||||||||||||
Kuo Lei | 78,210 | * | 78,210 | 0 | * | |||||||||||||||
Daihong Gao | 79,000 | * | 79,000 | 0 | * | |||||||||||||||
Hong Zao Zou | 79,000 | * | 79,000 | 0 | * | |||||||||||||||
Hongmin Li | 79,000 | * | 79,000 | 0 | * | |||||||||||||||
Jie Teng | 79,000 | * | 79,000 | 0 | * | |||||||||||||||
Lijie Zhai | 79,000 | * | 79,000 | 0 | * |
Beneficial Ownership Prior to Offering | Beneficial Ownership After the Offering | |||||||||||||||||||
Name of Beneficial Owner | # Shares(1) | Percentage | # Shares Offered | # Shares | Percentage(2) | |||||||||||||||
Xiaochun Yin | 79,000 | * | 79,000 | 0 | * | |||||||||||||||
Zhi Ying Han | 79,000 | * | 79,000 | 0 | * | |||||||||||||||
Zhimin Du | 79,000 | * | 79,000 | 0 | * | |||||||||||||||
Liru Ma | 82,950 | * | 82,950 | 0 | * | |||||||||||||||
Wenting Chen | 83,333 | * | 83,333 | 0 | * | |||||||||||||||
Wenwei Qu | 83,333 | * | 83,333 | 0 | * | |||||||||||||||
Ping Hu | 86,900 | * | 86,900 | 0 | * | |||||||||||||||
Gui Rong Song | 88,397 | * | 88,397 | 0 | * | |||||||||||||||
Ming Zhu Bi | 93,308 | * | 93,308 | 0 | * | |||||||||||||||
Shumin Ning | 94,563 | * | 94,563 | 0 | * | |||||||||||||||
Liwei Xue | 94,800 | * | 94,800 | 0 | * | |||||||||||||||
Cong Lin Yang | 98,402 | * | 98,402 | 0 | * | |||||||||||||||
Guidong Tan | 100,000 | * | 100,000 | 0 | * | |||||||||||||||
Jie Fu | 100,000 | * | 100,000 | 0 | * | |||||||||||||||
Lance Jon Kimmel | 100,000 | * | 100,000 | 0 | * | |||||||||||||||
Shuang Han | 100,000 | * | 100,000 | 0 | * | |||||||||||||||
Ting Su | 100,000 | * | 100,000 | 0 | * | |||||||||||||||
Xiaoqun Zhang | 100,000 | * | 100,000 | 0 | * | |||||||||||||||
Yongzhong Liu | 100,000 | * | 100,000 | 0 | * | |||||||||||||||
Zhong Xiao Yang | 100,000 | * | 100,000 | 0 | * | |||||||||||||||
Wan Shan Sun | 101,088 | * | 101,088 | 0 | * | |||||||||||||||
Liang Wang | 102,700 | * | 102,700 | 0 | * | |||||||||||||||
Ziying Tong | 102,700 | * | 102,700 | 0 | * | |||||||||||||||
Li Bin Zhai | 105,320 | * | 105,320 | 0 | * | |||||||||||||||
Ju Wang | 114,322 | * | 114,322 | 0 | * | |||||||||||||||
Han Ying Gao | 114,893 | * | 114,893 | 0 | * | |||||||||||||||
Yan Xin Dong | 115,255 | * | 115,255 | 0 | * | |||||||||||||||
Li Chen Liu | 125,522 | * | 125,522 | 0 | * | |||||||||||||||
Deng Quan Li | 130,350 | * | 130,350 | 0 | * | |||||||||||||||
Xianli Qu | 135,248 | * | 135,248 | 0 | * | |||||||||||||||
Lan Wang | 141,015 | * | 141,015 | 0 | * | |||||||||||||||
Yan Jiang Zhang | 146,150 | * | 146,150 | 0 | * | |||||||||||||||
Yuanxin Liu | 150,000 | * | 150,000 | 0 | * | |||||||||||||||
Yu Fan Lu | 171,430 | * | 171,430 | 0 | * | |||||||||||||||
Jiyou Jiang | 183,333 | * | 183,333 | 0 | * | |||||||||||||||
Xi Lin Li | 183,455 | * | 183,455 | 0 | * | |||||||||||||||
Yonghai Yan | 190,000 | * | 190,000 | 0 | * | |||||||||||||||
Jingfen Guo | 197,500 | * | 197,500 | 0 | * | |||||||||||||||
Wei Jun Shan | 198,421 | * | 198,421 | 0 | * | |||||||||||||||
Shu Min Liu | 219,336 | * | 219,336 | 0 | * | |||||||||||||||
Guangwu Yue | 222,543 | * | 222,543 | 0 | * | |||||||||||||||
Zhixiang Cao | 237,000 | * | 237,000 | 0 | * | |||||||||||||||
Long Jin | 252,800 | * | 252,800 | 0 | * | |||||||||||||||
Yu Lan Liu | 328,930 | * | 328,930 | 0 | * |
Beneficial Ownership Prior to Offering | Beneficial Ownership After the Offering | |||||||||||||||||||
Name of Beneficial Owner | # Shares(1) | Percentage | # Shares Offered | # Shares | Percentage(2) | |||||||||||||||
Wei Shan | 339,700 | * | 339,700 | 0 | * | |||||||||||||||
Xing Ming Han (3) | 426,600 | * | 426,600 | 0 | * | |||||||||||||||
Gui Ying Tong | 470,000 | * | 470,000 | 0 | * | |||||||||||||||
Bai Ying Zhang | 482,776 | * | 482,776 | 0 | * | |||||||||||||||
Hanjia Zhao | 608,300 | * | 608,300 | 0 | * | |||||||||||||||
Bo Li | 1,000,000 | 1.37 | % | 1,000,000 | 0 | * | ||||||||||||||
Renchun Wang | 1,000,000 | 1.37 | % | 1,000,000 | 0 | * | ||||||||||||||
Yuan Li | 1,000,000 | 1.37 | % | 1,000,000 | 0 | * | ||||||||||||||
Yi Cheng Wang | 1,943,137 | 2.67 | % | 1,943,137 | 0 | * | ||||||||||||||
Guifang Qi (4) | 4,977,474 | 6.84 | % | 1,659,158 | 3,318,316 | 4.56 | % | |||||||||||||
Zhi Guo Wang (5) | 40,206,950 | 55.23 | % | 2,967,273 | 37,239,677 | 51.15 | % | |||||||||||||
TOTALS | 70,542,202 | 96.89 | % | 29,984,210 | 40,557,992 | 55.71 | % |
* | Less than 1%. |
(1) | Under applicable SEC rules, a person is deemed to beneficially own securities which the person has the right to acquire within 60 days through the exercise of any option or warrant or through the conversion of a convertible security. Also under applicable SEC rules, a person is deemed to be the “beneficial owner” of a security with regard to which the person directly or indirectly, has or shares (a) voting power, which includes the power to vote or direct the voting of the security, or (b) investment power, which includes the power to dispose, or direct the disposition, of the security, in each case, irrespective of the person’s economic interest in the security. Each listed selling security holder has the sole investment and voting power with respect to all shares shown as beneficially owned by such selling security holder, except as otherwise indicated in the footnotes to the table. |
(2) | As of | |
(3) | Consists of (i) 213,300 shares of YBP stock held by Mr. Han; and (ii) 213,300 shares of YBP common stock which may be issued upon exercise of the Founder’s Option issued to Mr. Han, which option is exercisable within 60 days. | |
(4) | Consists of (i) 2,488,737 shares of YBP common stock held by Madame Qi; and | |
(5) | Consists of (i) 20,103,475 shares of YBP common stock held by Mr. Wang; and (ii) 20,103,475 shares of YBP common stock which may be issued upon exercise of the Founder’s Option issued to Mr. Wang, which option is exercisable within 60 days. |
· | ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers; |
· | block trades in which the broker-dealer will attempt to sell the shares as agent but may position and resell a portion of the block as principal to facilitate the transaction; |
· | purchases by a broker-dealer as principal and resale by the broker-dealer for its account; |
· | an exchange distribution in accordance with the rules of the applicable exchange; |
· | privately negotiated transactions; |
· | short sales; |
· | broker-dealers may agree with the selling stockholders to sell a specified number of such shares at a stipulated price per share; |
· | a combination of any such methods of sale; and |
· | any other method permitted pursuant to applicable law. |
F-1 | ||||||
F-2 | ||||||
F-3 | ||||||
F-4 | ||||||
F-5 | ||||||
F-29 |
December 31, | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 | 2010 | ||||||||||
(As Restated) | (As Restated) | ||||||||||
ASSETS | |||||||||||
CURRENT ASSETS: | |||||||||||
Cash | $ | 732,371 | $ | 1,850,488 | |||||||
Due from related parties | — | 57,131 | |||||||||
Inventories | 710,844 | 972,048 | |||||||||
Prepaid expenses and other assets | 433 | 2,250 | |||||||||
Total Current Assets | 1,443,648 | 2,881,917 | |||||||||
LONG-TERM ASSETS: | |||||||||||
Inventories, net of current portion | 7,508,030 | 7,533,189 | |||||||||
Property and Equipment, net | 784,222 | 771,237 | |||||||||
Land use rights and yew forest assets, net | 15,166,197 | 9,485,786 | |||||||||
Total Long-term Assets | 23,458,449 | 17,790,212 | |||||||||
Total Assets | $ | 24,902,097 | $ | 20,672,129 | |||||||
LIABILITIES AND SHAREHOLDERS’ EQUITY | |||||||||||
CURRENT LIABILITIES: | |||||||||||
Accounts payable | $ | 1,360,611 | $ | 1,810,092 | |||||||
Advances from customers | — | 322,151 | |||||||||
Accrued expenses and other payables | 119,901 | 55,604 | |||||||||
Taxes payable | 500 | 7,112 | |||||||||
Refundable common stock subscription | 950,000 | 950,000 | |||||||||
Due to related parties | 266,488 | 141,276 | |||||||||
Total Current Liabilities | 2,697,500 | 3,286,235 | |||||||||
Total Liabilities | 2,697,500 | 3,286,235 | |||||||||
COMMITMENTS AND CONTINGENCIES | |||||||||||
SHAREHOLDERS’ EQUITY: | |||||||||||
Common Stock ($0.001 par value; 50,000,000 shares authorized; 40,500,000 shares issued and outstanding at December 31, 2011 and 2010, respectively) | 40,500 | 40,500 | |||||||||
Additional paid-in capital | 7,208,970 | 7,208,970 | |||||||||
Retained earnings | 11,469,172 | 7,849,160 | |||||||||
Statutory reserves | 1,686,087 | 1,265,788 | |||||||||
Accumulated other comprehensive income — foreign currency translation adjustment | 1,799,868 | 1,021,476 | |||||||||
Total Shareholders’ Equity | 22,204,597 | 17,385,894 | |||||||||
Total Liabilities and Shareholders’ Equity | $ | 24,902,097 | $ | 20,672,129 |
CONSOLIDATED BALANCE SHEETS | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
ASSETS | ||||||||
CURRENT ASSETS: | ||||||||
Cash | $ | 1,159,611 | $ | 386,821 | ||||
Accounts receivable | 418,875 | 722,598 | ||||||
Accounts receivable - related party | 377,821 | 284,986 | ||||||
Inventories | 1,089,087 | 991,234 | ||||||
Prepaid expenses and other assets | 2,697 | 150 | ||||||
Prepaid expenses - related party | 34,031 | 60,245 | ||||||
Total Current Assets | 3,082,122 | 2,446,034 | ||||||
LONG-TERM ASSETS: | ||||||||
Inventories, net of current portion | 10,245,146 | 9,382,164 | ||||||
Property and equipment, net | 1,033,078 | 885,969 | ||||||
Land use rights and yew forest assets, net | 20,953,562 | 15,328,318 | ||||||
Total Long-term Assets | 32,231,786 | 25,596,451 | ||||||
Total Assets | $ | 35,313,908 | $ | 28,042,485 | ||||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||
CURRENT LIABILITIES: | ||||||||
Accounts payable | $ | - | $ | 990 | ||||
Accrued expenses and other payables | 136,713 | 199,098 | ||||||
Taxes payable | 10,232 | 5,722 | ||||||
Due to related parties | 4,850,637 | 47,876 | ||||||
Total Current Liabilities | 4,997,582 | 253,686 | ||||||
Total Liabilities | 4,997,582 | 253,686 | ||||||
COMMITMENTS AND CONTINGENCIES | ||||||||
SHAREHOLDERS' EQUITY: | ||||||||
Common Stock ($0.001 par value; 50,000,000 shares authorized; 50,000,000 and 45,000,000 issued and outstanding at December 31, 2013 and 2012, respectively) | 50,000 | 50,000 | ||||||
Additional paid-in capital | 8,058,165 | 10,396,377 | ||||||
Retained earnings | 16,664,138 | 13,182,032 | ||||||
Statutory reserves | 2,597,118 | 2,179,494 | ||||||
Accumulated other comprehensive income - foreign currency translation adjustment | 2,946,905 | 1,980,896 | ||||||
Total Shareholders' Equity | 30,316,326 | 27,788,799 | ||||||
Total Liabilities and Shareholders' Equity | $ | 35,313,908 | $ | 28,042,485 |
For the Years Ended December 31, | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 | 2010 | ||||||||||
REVENUES: | |||||||||||
Revenues | $ | 4,564,426 | $ | 3,789,181 | |||||||
Revenue — related party | 1,396,613 | 1,338,871 | |||||||||
Total Revenues | 5,961,039 | 5,128,052 | |||||||||
COST OF REVENUES | |||||||||||
Cost of revenues | 741,508 | 1,178,382 | |||||||||
Cost of revenues — related party | 384,457 | 459,681 | |||||||||
Total Cost of Revenues | 1,125,965 | 1,638,063 | |||||||||
GROSS PROFIT | 4,835,074 | 3,489,989 | |||||||||
OPERATING EXPENSES: | |||||||||||
Selling | 54,593 | 30,417 | |||||||||
General and administrative | 733,815 | 878,879 | |||||||||
Total Operating Expenses | 788,408 | 909,296 | |||||||||
INCOME FROM OPERATIONS | 4,046,666 | 2,580,693 | |||||||||
OTHER INCOME (EXPENSES): | |||||||||||
Interest income | 2,643 | 3,588 | |||||||||
Interest expense | — | (921 | ) | ||||||||
Other income (expense) | (8,998 | ) | 2,600 | ||||||||
Total Other Income (Expenses) | (6,355 | ) | 5,267 | ||||||||
NET INCOME | $ | 4,040,311 | $ | 2,585,960 | |||||||
COMPREHENSIVE INCOME: | |||||||||||
OTHER COMPREHENSIVE INCOME: | |||||||||||
Unrealized foreign currency translation gain | 778,392 | 463,826 | |||||||||
COMPREHENSIVE INCOME | $ | 4,818,703 | $ | 3,049,786 | |||||||
NET INCOME PER COMMON SHARE: | |||||||||||
Basic | $ | 0.10 | $ | 0.06 | |||||||
Diluted | $ | 0.08 | $ | 0.05 | |||||||
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: | |||||||||||
Basic | 40,500,000 | 40,083,562 | |||||||||
Diluted | 50,000,000 | 49,583,562 |
YEW BIO-PHARM GROUP, INC. AND SUBSIDIARIES | ||||||||
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME | ||||||||
For the Years Ended December 31, | ||||||||
2013 | 2012 | |||||||
REVENUES: | ||||||||
Revenues | $ | 5,889,190 | $ | 5,713,237 | ||||
Revenues - related party | 1,550,458 | 1,014,287 | ||||||
Total Revenues | 7,439,648 | 6,727,524 | ||||||
COST OF REVENUES: | ||||||||
Cost of revenues | 1,968,682 | 1,095,158 | ||||||
Cost of revenues - related party | 438,718 | 183,899 | ||||||
Total Cost of Revenues | 2,407,400 | 1,279,057 | ||||||
GROSS PROFIT | 5,032,248 | 5,448,467 | ||||||
OPERATING EXPENSES: | ||||||||
Selling | 23,794 | 24,603 | ||||||
Compensation | - | 2,527,800 | ||||||
Other general and administrative | 1,110,717 | 691,562 | ||||||
Total Operating Expenses | 1,134,511 | 3,243,965 | ||||||
INCOME FROM OPERATIONS | 3,897,737 | 2,204,502 | ||||||
OTHER INCOME (EXPENSES): | ||||||||
Interest income | 647 | 2,194 | ||||||
Other expense | 1,346 | (429 | ) | |||||
Total Other Income (Expenses) | 1,993 | 1,765 | ||||||
NET INCOME | $ | 3,899,730 | $ | 2,206,267 | ||||
COMPREHENSIVE INCOME: | ||||||||
NET INCOME | $ | 3,899,730 | $ | 2,206,267 | ||||
OTHER COMPREHENSIVE INCOME: | ||||||||
Unrealized foreign currency translation gain | 966,009 | 181,028 | ||||||
COMPREHENSIVE INCOME | $ | 4,865,739 | $ | 2,387,295 | ||||
NET INCOME PER COMMON SHARE: | ||||||||
Basic | $ | 0.08 | $ | 0.05 | ||||
Diluted | $ | 0.08 | $ | 0.05 | ||||
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: | ||||||||
Basic | 50,000,000 | 47,819,672 | ||||||
Diluted | 50,000,000 | 47,819,672 |
Common Stock, Par Value $0.001 | ||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Number of Shares | Amount | Additional paid-in Capital | Retained Earnings | Statutory Reserve | Accumulated Other Comprehensive Income | Total Shareholders’ Equity | ||||||||||||||||||||||||
Balance, December 31, 2009 | 40,000,000 | $ | 40,000 | $ | 7,159,470 | $ | 5,547,838 | $ | 981,150 | $ | 557,650 | $ | 14,286,108 | |||||||||||||||||
Shares issue for compensation at $0.10 per share | 500,000 | 500 | 49,500 | — | — | — | 50,000 | |||||||||||||||||||||||
Adjustment to statutory reserve | — | — | — | (284,638 | ) | 284,638 | — | — | ||||||||||||||||||||||
Net income for the year | — | — | — | 2,585,960 | — | — | 2,585,960 | |||||||||||||||||||||||
Foreign currency translation adjustment | — | — | — | — | — | 463,826 | 463,826 | |||||||||||||||||||||||
Balance, December 31, 2010 | 40,500,000 | 40,500 | 7,208,970 | 7,849,160 | 1,265,788 | 1,021,476 | 17,385,894 | |||||||||||||||||||||||
Adjustment to statutory reserve | — | — | — | (420,299 | ) | 420,299 | — | — | ||||||||||||||||||||||
Net income for the year | — | — | — | 4,040,311 | — | — | 4,040,311 | |||||||||||||||||||||||
Foreign currency translation adjustment | — | — | — | — | — | 778,392 | 778,392 | |||||||||||||||||||||||
Balance, December 31, 2011 | 40,500,000 | $ | 40,500 | $ | 7,208,970 | $ | 11,469,172 | $ | 1,686,087 | $ | 1,799,868 | $ | 22,204,597 |
YEW BIO-PHARM GROUP, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||||
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY | ||||||||||||||||||||||||||||
For the Years Ended December 31, 2013 | ||||||||||||||||||||||||||||
Common Stock, Par Value $0.001 | Accumulated Other | Total | ||||||||||||||||||||||||||
Number of Shares | Amount | Additional paid-in Capital | Retained Earnings | Statutory Reserve | Comprehensive Income | Shareholders' Equity | ||||||||||||||||||||||
Balance, December 31, 2012 | 50,000,000 | $ | 50,000 | $ | 10,396,377 | $ | 13,182,032 | $ | 2,179,494 | $ | 1,980,896 | $ | 27,788,799 | |||||||||||||||
Distribution to owners in connectin with purchase of yew forest assets from entity under common control | - | - | (2,338,212 | ) | - | - | (2,338,212 | ) | ||||||||||||||||||||
Adjustment to statutory reserve | - | - | - | (417,624 | ) | 417,624 | - | - | ||||||||||||||||||||
Net income for the year | - | - | - | 3,899,730 | - | - | 3,899,730 | |||||||||||||||||||||
Foreign currency translation adjustment | - | - | - | - | - | 966,009 | 966,009 | |||||||||||||||||||||
Balance, December 31, 2013 | 50,000,000 | $ | 50,000 | $ | 8,058,165 | $ | 16,664,138 | $ | 2,597,118 | $ | 2,946,905 | $ | 30,316,326 |
For the Years Ended December 31, | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 | 2010 | ||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||
Net income | $ | 4,040,311 | $ | 2,585,960 | |||||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation | 178,178 | 157,790 | |||||||||
Amortization of land use rights and yew forest assets | 292,739 | 47,772 | |||||||||
Loss on disposal of fixed assets | 9,975 | 7,849 | |||||||||
Common stock issued for compensation | — | 50,000 | |||||||||
Changes in operating assets and liabilities: | |||||||||||
Accounts receivable | — | 2,353,974 | |||||||||
Accounts receivable — related party | — | 59,746 | |||||||||
Prepaid taxes | — | 13,398 | |||||||||
Inventories | 606,202 | (222,171 | ) | ||||||||
Prepaid and other current assets | 1,867 | 4,390 | |||||||||
Advances to suppliers | — | 633,435 | |||||||||
Accounts payable | (511,018 | ) | 1,736,923 | ||||||||
Accrued expenses and other payable | 62,115 | 27,798 | |||||||||
Due to related parties | 25,867 | — | |||||||||
Taxes payable | (6,781 | ) | 6,833 | ||||||||
Advances from customers | (329,033 | ) | 313,627 | ||||||||
NET CASH PROVIDED BY OPERATING ACTIVITIES | 4,370,422 | 7,777,324 | |||||||||
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||||
Proceeds from disposal of property and equipment | 19,695 | 26,554 | |||||||||
Purchase of property and equipment | (191,821 | ) | (169,086 | ) | |||||||
Purchase of land use rights and yew forest assets | (5,515,590 | ) | (9,021,506 | ) | |||||||
NET CASH USED IN INVESTING ACTIVITIES | (5,687,716 | ) | (9,164,038 | ) | |||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||
Proceeds from refundable common stock subscription | — | 950,000 | |||||||||
Proceeds from related party advances | 88,119 | 434,112 | |||||||||
Payments of directors advances | — | (57,488 | ) | ||||||||
NET CASH PROVIDED BY FINANCING ACTIVITIES | 88,119 | 1,326,624 | |||||||||
EFFECT OF EXCHANGE RATE ON CASH | 111,058 | 27,489 | |||||||||
NET DECREASE IN CASH | (1,118,117 | ) | (32,601 | ) | |||||||
CASH — beginning of year | 1,850,488 | 1,883,089 | |||||||||
CASH — end of year | $ | 732,371 | $ | 1,850,488 | |||||||
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||||||||||
Cash paid for: | |||||||||||
Interest | $ | — | $ | 921 | |||||||
Income taxes | $ | — | $ | — | |||||||
Non-cash investing and financing activities | |||||||||||
Property and equipment reclassified to inventory | $ | — | $ | 83,272 |
YEW BIO-PHARM GROUP, INC. AND SUBSIDIARIES | ||||||||
CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||||
For the year ended | ||||||||
December 31, 2013 | December 31, 2012 | |||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
Net income | $ | 3,899,732 | $ | 2,206,267 | ||||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Depreciation | 179,857 | 217,090 | ||||||
Amortization of land use rights and yew forest assets | 381,659 | 346,741 | ||||||
Loss on disposal of fixed assets | 349 | 1,013 | ||||||
Stock-based compensation | - | 2,246,907 | ||||||
Changes in operating assets and liabilities: | ||||||||
Accounts receivable | 323,160 | (722,170 | ) | |||||
Accounts receivable - related party | (82,282 | ) | (284,817 | ) | ||||
Prepaid and other current assets | (2,515 | ) | 284 | |||||
Prepaid expenses - related party | 27,823 | (60,209 | ) | |||||
Inventories | (222,738 | ) | (2,090,046 | ) | ||||
Accounts payable | (1,008 | ) | (1,369,280 | ) | ||||
Accrued expenses and other payables | (65,466 | ) | 78,597 | |||||
Due to related parties | - | (157,025 | ) | |||||
Taxes payable | 4,255 | 5,211 | ||||||
Advances from customers | - | - | ||||||
NET CASH PROVIDED BY OPERATING ACTIVITIES | 4,442,826 | 418,563 | ||||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
Purchase of property and equipment | (299,613 | ) | (313,908 | ) | ||||
Purchase of land use rights and yew forest assets | (3,393,082 | ) | (392,136 | ) | ||||
NET CASH USED IN INVESTING ACTIVITIES | (3,692,695 | ) | (706,044 | ) | ||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
Proceeds from related party advances | - | - | ||||||
Repayments for related parties advances | (210 | ) | (63,293 | ) | ||||
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | (210 | ) | (63,293 | ) | ||||
EFFECT OF EXCHANGE RATE ON CASH | 22,870 | 5,224 | ||||||
NET DECREASE IN CASH | 772,791 | (345,550 | ) | |||||
CASH - Beginning of year | 386,821 | 732,371 | ||||||
CASH - End of year | $ | 1,159,612 | $ | 386,821 | ||||
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||||||||
Cash paid for: | ||||||||
Interest | $ | - | $ | - | ||||
Income taxes | $ | - | $ | - | ||||
Non-cash investing and financing activities | ||||||||
Shares issued for refundable common stock subscription | $ | - | $ | 950,000 | ||||
Due to related party in connection with purchase of yew forest assets from entity under common control | $ | 2,450,600 | $ | |||||
Excess of acquisition price over carrying value of yew forest assets purchased from entities under common control | $ | 2,338,212 | $ |
Mr. Wang | 76.65 | % | ||||
Madame Qi | 18.53 | % | ||||
Mr. Han | 4.82 | % |
December 31, 2011 | December 31, 2010 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Cash | $ | 479,494 | $ | 543,063 | ||||||
Inventories | 8,218,874 | 8,505,237 | ||||||||
Prepaid expenses and other assets | 283 | 2,100 | ||||||||
Property and equipment, net | 750,779 | 752,334 | ||||||||
Land use rights and yew forest assets, net | 15,166,197 | 9,485,786 | ||||||||
Total assets of VIE | $ | 24,615,627 | $ | 19,288,520 | ||||||
Accounts payable | $ | 1,360,611 | $ | 1,810,092 | ||||||
Advances from customers | — | 322,151 | ||||||||
Accrued expenses and other payables | 73,727 | 44,134 | ||||||||
Taxes payable | 1,049 | 7,112 | ||||||||
Due to VIE holding companies | 2,164,107 | 1,075,225 | ||||||||
Due to related parties | 240,159 | 145,360 | ||||||||
Total liabilities of VIE | $ | 3,839,653 | $ | 3,404,074 |
2011 | 2010 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Exchange rate on balance sheet dates | ||||||||||
USD : RMB exchange rate | 6.3647 | 6.6118 | ||||||||
Average exchange rate for the year | ||||||||||
USD : RMB exchange rate | 6.47351 | 6.77875 |
Years Ended December 31, | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 | 2010 | ||||||||||
Net income available to common stockholders for basic and diluted net income per share of common stock | $ | 4,040,311 | $ | 2,585,960 | |||||||
Weighted average common stock outstanding — basic | 40,500,000 | 40,083,562 | |||||||||
Effect of dilutive securities: | |||||||||||
Subscribed common shares issuable and subject to recession | 9,500,000 | 9,500,000 | |||||||||
Weighted average common stock outstanding — diluted | 50,000,000 | 49,583,562 | |||||||||
Net income per common share — basic | $ | 0.10 | $ | 0.06 | |||||||
Net income per common share — diluted | $ | 0.08 | $ | 0.05 |
December 31, 2011 | December 31, 2010 | ||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Current portion | Long-term portion | Total | Current portion | Long-term portion | Total | ||||||||||||||||||||||
Raw Materials | $ | 29,401 | $ | 2,817,980 | $ | 2,847,381 | $ | 9,160 | $ | 2,712,665 | $ | 2,721,825 | |||||||||||||||
Work in process | 18,642 | — | 18,642 | 177,854 | — | 177,854 | |||||||||||||||||||||
Finished goods — handicrafts | 236,854 | 687,258 | 924,112 | 207,207 | 735,980 | 943,187 | |||||||||||||||||||||
Yew seedlings | 425,947 | 4,002,792 | 4,428,739 | 577,827 | 4,084,544 | 4,662,371 | |||||||||||||||||||||
$ | 710,844 | $ | 7,508,030 | $ | 8,218,874 | $ | 972,048 | $ | 7,533,189 | $ | 8,505,237 |
December 31, | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 | 2010 | ||||||||||
Buildings and building improvements | $ | 267,015 | $ | 200,806 | |||||||
Machinery and equipment | 520,416 | 500,845 | |||||||||
Office equipment | 44,841 | 15,433 | |||||||||
Leasehold improvement | 52,763 | 50,791 | |||||||||
Motor vehicles | 513,280 | 425,975 | |||||||||
1,398,315 | 1,193,850 | ||||||||||
Less: accumulated depreciation | (614,093 | ) | (422,613 | ) | |||||||
$ | 784,222 | $ | 771,237 |
Description | Useful life | Acquisition date | Expiration date | Metric Acres (“Mu”) | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Parcel A | Undeveloped forest land | 50 | 3/2004 | 3/2054 | 125 | |||||||||||||||||
Parcel B | Undeveloped forest land | 50 | 4/2004 | 4/2054 | 400 | |||||||||||||||||
Parcel C | Yew tree forests and underlying land | 50 | 1/2008 | 1/2058 | 290 | |||||||||||||||||
Parcel D | Yew tree forests and underlying land | 45 | 3/2010 | 3/2055 | 15,865 |
Useful Life | December 31, 2011 | December 31, 2010 | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Land and yew forest use rights | 45–50 years | $ | 15,546,414 | $ | 9,565,177 | |||||||||
Less: accumulated amortization | (380,217 | ) | (79,391 | ) | ||||||||||
Total | $ | 15,166,197 | $ | 9,485,786 |
Amount | ||||||
---|---|---|---|---|---|---|
Years ending December 31: | ||||||
2012 | $ | 342,484 | ||||
2013 | 342,484 | |||||
2014 | 342,484 | |||||
2015 | 342,484 | |||||
2016 | 342,484 | |||||
2017 and thereafter | 13,453,777 | |||||
Total | $ | 15,166,197 |
December 31, | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 | 2010 | ||||||||||
Accrued wage | $ | 16,844 | $ | 30,462 | |||||||
Accrued professional fees | 75,029 | — | |||||||||
Other | 28,028 | 25,142 | |||||||||
Total | $ | 119,901 | $ | 55,604 |
Years ended December 31, | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 | 2010 | ||||||||||
U.S. federal income tax rate | 34 | % | 34 | % | |||||||
Foreign income not recognized in the U.S. | (34 | %) | (34 | %) | |||||||
PRC Enterprise Income Tax | 25 | % | 25 | % | |||||||
Tax exemption | (25 | %) | (25 | %) | |||||||
Total provision for income tax | — | — |
Years ended December 31, | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 | 2010 | ||||||||||
Tax exemption effect | $ | 1,050,746 | $ | 711,593 | |||||||
Basic net income per share effect | $ | (0.03 | ) | $ | (0.02 | ) | |||||
Diluted net income per share effect | $ | (0.02 | ) | $ | (0.01 | ) |
Years ended December 31, | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Customer | 2011 | 2010 | |||||||||
A | 5 | % | 19 | % | |||||||
B | 23 | % | 26 | % | |||||||
C | * | 13 | % | ||||||||
D | 10 | % | 10 | % | |||||||
E | 29 | % | * | ||||||||
F | 13 | % | * |
Name of Related Party | Revenues | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 | 2010 | ||||||||||
Yew Pharmaceutical | $ | 1,396,613 | $ | 1,338,871 | |||||||
Total | $ | 1,396,613 | $ | 1,338,871 |
Years Ending December 31: | ||||||
---|---|---|---|---|---|---|
2012 | $ | 30,331 | ||||
2013 | 30,331 | |||||
2014 | 30,331 | |||||
2015 | 27,880 | |||||
2016 | 27,880 | |||||
Thereafter | 487,018 | |||||
Total | $ | 633,771 |
Name of Related Party | Due from related parties | Due to related parties | |||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2011 | 2010 | 2011 | 2010 | ||||||||||||||||
Zhiguo Wang | $ | — | $ | 57,131 | $ | 31,357 | $ | — | |||||||||||
Yew Pharmaceutical | — | — | 62,847 | — | |||||||||||||||
ZTC | — | — | 172,284 | 141,276 | |||||||||||||||
Total | $ | — | $ | 57,131 | $ | 266,488 | $ | 141,276 |
For the Year Ended December 31, | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2011 | 2010 | ||||||||||
Revenues: | |||||||||||
TCM raw materials | $ | 3,458,093 | $ | 2,845,067 | |||||||
Yew trees | 2,400,245 | 2,131,445 | |||||||||
Handicrafts | 102,701 | 151,540 | |||||||||
5,961,039 | 5,128,052 | ||||||||||
Cost of revenues: | |||||||||||
TCM raw materials | 897,154 | 924,547 | |||||||||
Yew trees | 172,460 | 633,027 | |||||||||
Handicrafts | 56,351 | 80,489 | |||||||||
1,125,965 | 1,638,063 | ||||||||||
Depreciation and amortization: | |||||||||||
TCM raw materials | 286,196 | 44,239 | |||||||||
Yew trees | 30,185 | 48,648 | |||||||||
Handicrafts | 31,852 | 32,013 | |||||||||
Other | 122,684 | 80,662 | |||||||||
470,917 | 205,562 | ||||||||||
Net income (loss): | |||||||||||
TCM raw materials | 2,560,939 | 1,920,520 | |||||||||
Yew trees | 2,227,785 | 1,498,418 | |||||||||
Handicrafts | 46,350 | 71,051 | |||||||||
Other | (794,763 | ) | (904,029 | ) | |||||||
$ | 4,040,311 | $ | 2,585,960 |
December 31, 2010 | |||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCM raw materials | Yew trees | Handicrafts | Other | Total | |||||||||||||||||||
Identifiable long-lived assets, net | $ | 8,892,246 | $ | 593,397 | $ | 182,694 | $ | 588,686 | $ | 10,257,023 | |||||||||||||
Expenditures for segment assets | 9,021,506 | 7,745 | 5,353 | 155,988 | 9,190,592 |
December 31, 2011 | |||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCM raw materials | Yew trees | Handicrafts | Other | Total | |||||||||||||||||||
Identifiable long-lived assets, net | $ | 14,880,192 | $ | 600,364 | $ | 153,686 | $ | 316,177 | $ | 15,950,419 | |||||||||||||
Expenditures for segment assets | 5,515,590 | 61,436 | — | 130,385 | 5,707,411 |
Years Ending December 31: | ||||||
---|---|---|---|---|---|---|
2012 | $ | 3,928 | ||||
2013 | 3,928 | |||||
2014 | 3,928 | |||||
2015 | 3,928 | |||||
2016 | 3,928 | |||||
Thereafter | 32,405 | |||||
Total | $ | 52,045 |
Shareholder | Number Shares Presently Held | Percentage of Issued Shares Presently Held | Number Shares Held Assuming Exercise of Founder’s Options | Percentage of Issued Shares Following Exercise of Founder’s Options | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Zhiguo Wang | 20,103,475 | 40.21 | % | 40,206,950 | 55.23 | % | ||||||||||||
Guifang Qi | 2,488,737 | 4.98 | % | 4,977,474 | 6.84 | % | ||||||||||||
Xingming Han | 213,300 | 0.43 | % | 426,600 | 0.58 | % | ||||||||||||
All HDS Shareholders as a group (3 persons) | 22,805,512 | 45.61 | % | 45,611,024 | 62.65 | % | ||||||||||||
All other existing shareholders | 27,194,488 | 54.39 | % | 27,194,488 | 37.35 | % | ||||||||||||
Total | 50,000,000 | 100.00 | % | 72,805,512 | 100.00 | % |
December 31, 2011 (As Previously Reported) | Adjustments to Restate | December 31, 2011 (As Restated) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Consolidated Balance Sheet: | ||||||||||||||
Assets: | ||||||||||||||
Current Assets: | ||||||||||||||
Inventories | $ | 8,218,874 | $ | (7,508,030 | ) | $ | 710,844 | |||||||
Total Current Assets | 8,951,678 | (7,508,030 | ) | 1,443,648 | ||||||||||
Long-term Assets: | ||||||||||||||
Inventories, net of current portion | — | 7,508,030 | 7,508,030 | |||||||||||
Total Assets | $ | 24,902,097 | $ | — | $ | 24,902,097 |
December 31, 2010 (As Previously Reported) | Adjustments to Restate | December 31, 2010 (As Restated) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Consolidated Balance Sheet: | ||||||||||||||
Assets: | ||||||||||||||
Current Assets: | ||||||||||||||
Inventories | $ | 8,505,237 | $ | (7,533,189 | ) | $ | 972,048 | |||||||
Total Current Assets | 10,415,106 | (7,533,189 | ) | 2,881,917 | ||||||||||
Long-term Assets: | ||||||||||||||
Inventories, net of current portion | — | 7,533,189 | 7,533,189 | |||||||||||
Total Assets | $ | 20,672,129 | $ | — | $ | 20,672,129 |
September 30, 2012 | December 31, 2011 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
(Unaudited) | (As Restated) | |||||||||
ASSETS | ||||||||||
CURRENT ASSETS: | ||||||||||
Cash | $ | 567,798 | $ | 732,371 | ||||||
Accounts receivable | 530,471 | — | ||||||||
Inventories | 899,783 | 710,844 | ||||||||
Prepaid rent — related party | 67,292 | — | ||||||||
Prepaid expenses and other assets | 14,245 | 433 | ||||||||
Total Current Assets | 2,079,589 | 1,443,648 | ||||||||
LONG-TERM ASSETS: | ||||||||||
Inventories, net of current portion | 9,703,596 | 7,508,030 | ||||||||
Property and equipment, net | 838,002 | 784,222 | ||||||||
Land use rights and yew forest assets, net | 15,034,720 | 15,166,197 | ||||||||
Total long-term assets | 25,576,318 | 23,458,449 | ||||||||
Total Assets | $ | 27,655,907 | $ | 24,902,097 | ||||||
LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||||
CURRENT LIABILITIES: | ||||||||||
Accounts payable | $ | 915,792 | $ | 1,360,611 | ||||||
Accrued expenses and other payables | 49,939 | 119,901 | ||||||||
Taxes payable | 11,303 | 500 | ||||||||
Refundable common stock subscription | — | 950,000 | ||||||||
Due to related parties | 56,098 | 266,488 | ||||||||
Total Current Liabilities | 1,033,132 | 2,697,500 | ||||||||
Total Liabilities | 1,033,132 | 2,697,500 | ||||||||
COMMITMENTS AND CONTINGENCIES | ||||||||||
SHAREHOLDERS’ EQUITY: | ||||||||||
Common stock ($0.001 par value; 50,000,000 shares authorized; 50,000,000 and 40,500,000 shares issued and outstanding at September 30, 2012 and December 31, 2011, respectively) | 50,000 | 40,500 | ||||||||
Additional paid-in capital | 8,149,470 | 7,208,970 | ||||||||
Retained earnings | 14,465,223 | 11,469,172 | ||||||||
Statutory reserves | 2,049,906 | 1,686,087 | ||||||||
Accumulated other comprehensive income — foreign currency translation adjustment | 1,908,176 | 1,799,868 | ||||||||
Total Shareholders’ Equity | 26,622,775 | 22,204,597 | ||||||||
Total Liabilities and Shareholders’ Equity | $ | 27,655,907 | $ | 24,902,097 |
For the Three Months Ended September 30, | For the Nine Months Ended September 30, | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 | 2011 | 2012 | 2011 | ||||||||||||||||
REVENUES: | |||||||||||||||||||
Revenues | $ | 930,557 | $ | 954,122 | $ | 4,230,631 | $ | 3,246,602 | |||||||||||
Revenues — related party | 442,467 | 251,876 | 602,159 | 1,169,688 | |||||||||||||||
Total Revenues | 1,373,024 | 1,205,998 | 4,832,790 | 4,416,290 | |||||||||||||||
COST OF REVENUES: | |||||||||||||||||||
Cost of revenues | 146,409 | 220,121 | 726,957 | 691,588 | |||||||||||||||
Cost of revenues — related party | 84,528 | 41,009 | 109,752 | 297,004 | |||||||||||||||
Total Cost of Revenues | 230,937 | 261,130 | 836,709 | 988,592 | |||||||||||||||
GROSS PROFIT | 1,142,087 | 944,868 | 3,996,081 | 3,427,698 | |||||||||||||||
OPERATING EXPENSES: | |||||||||||||||||||
Selling | 6,643 | 8,455 | 17,880 | 42,640 | |||||||||||||||
General and administrative | 256,013 | 221,654 | 619,786 | 533,595 | |||||||||||||||
Total Operating Expenses | 262,656 | 230,109 | 637,666 | 576,235 | |||||||||||||||
INCOME FROM OPERATIONS | 879,431 | 714,759 | 3,358,415 | 2,851,463 | |||||||||||||||
OTHER INCOME (EXPENSES): | |||||||||||||||||||
Interest income | 474 | 263 | 2,062 | 1,712 | |||||||||||||||
Other (expense) | (246 | ) | (2,717 | ) | (607 | ) | (14,838 | ) | |||||||||||
Total Other Income (Expenses) | 228 | (2,454 | ) | 1,455 | (13,126 | ) | |||||||||||||
NET INCOME | $ | 879,659 | $ | 712,305 | $ | 3,359,870 | $ | 2,838,337 | |||||||||||
COMPREHENSIVE INCOME: | |||||||||||||||||||
NET INCOME | $ | 879,659 | $ | 712,305 | $ | 3,359,870 | $ | 2,838,337 | |||||||||||
OTHER COMPREHENSIVE INCOME: | |||||||||||||||||||
Unrealized foreign currency translation gain (loss) | (59,359 | ) | 158,519 | 108,308 | 582,653 | ||||||||||||||
COMPREHENSIVE INCOME | $ | 820,300 | $ | 870,824 | $ | 3,468,178 | $ | 3,420,990 | |||||||||||
NET INCOME PER COMMON SHARE: | |||||||||||||||||||
Basic | $ | 0.02 | $ | 0.02 | $ | 0.07 | $ | 0.07 | |||||||||||
Diluted | $ | 0.02 | $ | 0.01 | $ | 0.07 | $ | 0.06 |
For the Nine Months Ended September 30, | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2012 | 2011 | ||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||
Net income | $ | 3,359,870 | $ | 2,838,337 | |||||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation | 158,502 | 128,086 | |||||||||
Amortization of land use rights and yew forest assets | 259,221 | 213,131 | |||||||||
Loss on disposal of fixed assets | — | 9,877 | |||||||||
Changes in operating assets and liabilities: | |||||||||||
Accounts receivable | (531,020 | ) | — | ||||||||
Inventories | (2,335,370 | ) | 859,356 | ||||||||
Prepaid and other current assets | (13,812 | ) | (5,043 | ) | |||||||
Prepaid rent — related party | (67,361 | ) | — | ||||||||
Accounts payable | (451,897 | ) | 501,672 | ||||||||
Accrued expenses and other payables | (66,648 | ) | 2,234 | ||||||||
Due to related parties | 27,247 | — | |||||||||
Taxes payable | 7,081 | (5,935 | ) | ||||||||
Advances from customers | — | (173,686 | ) | ||||||||
NET CASH PROVIDED BY OPERATING ACTIVITIES | 345,813 | 4,368,029 | |||||||||
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||||
Proceeds from disposal of property and equipment | — | 19,982 | |||||||||
Purchase of property and equipment | (208,524 | ) | (133,678 | ) | |||||||
Purchase of land use rights and yew forest assets | (65,749 | ) | (5,494,788 | ) | |||||||
NET CASH USED IN INVESTING ACTIVITIES | (274,273 | ) | (5,608,484 | ) | |||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||
Repayments to related party | (239,043 | ) | — | ||||||||
Proceeds from related party advances | — | 137,480 | |||||||||
Proceeds from directors advances | — | 62,944 | |||||||||
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | (239,043 | ) | 200,424 | ||||||||
EFFECT OF EXCHANGE RATE ON CASH | 2,930 | (21,968 | ) | ||||||||
NET (DECREASE) IN CASH | (164,573 | ) | (1,061,999 | ) | |||||||
CASH — beginning of period | 732,371 | 1,850,488 | |||||||||
CASH — end of period | $ | 567,798 | $ | 788,489 | |||||||
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||||||||||
Cash paid for: | |||||||||||
Interest | $ | — | $ | — | |||||||
Income taxes | $ | — | $ | — | |||||||
Non-cash investing and financing activities | |||||||||||
Common stock issued for common stock refundable subscription | $ | 950,000 | $ | — |
Exclusive Business Cooperation Agreement. Pursuant to the Exclusive Business Cooperation Agreement between JSJ and HDS (the “Business Cooperation Agreement”), JSJ has the exclusive right to provide to HDS general business operation services, including advice and strategic planning, as well as consulting services related to technology, research and development, human resources, marketing and other services deemed necessary (collectively, the “Services”). Under the Business Cooperation Agreement, JSJ has exclusive and proprietary rights and interests in all rights, ownership, interests and intellectual properties arising out of or created during the performance of the Business Cooperation Agreement, including but not limited to copyrights, patents, patent applications, software and trade secrets. HDS shall pay to JSJ a monthly consulting service fee (the “Service Fee”) in RMB that is equal to 100% of the monthly net income of HDS. Upon the prior written consent by JSJ, the rate of Service Fee may be adjusted pursuant to the operational needs of HDS. Within 30 days after the end of each month, HDS shall (a) deliver to JSJ the management accounts and operating statistics of HDS for such month, including the net income of HDS during such month (the “Monthly Net Income”), and (b) pay 80% of such Monthly Net Income to JSJ (each such payment, a “Monthly Payment”). Within ninety (90) days after the end of each fiscal year, HDS shall (a) deliver to JSJ financial statements of HDS for such fiscal year, which shall be audited and certified by an independent certified public accountant approved by JSJ, and (b) pay an amount to JSJ equal to the shortfall, if any, of the aggregate net income of HDS for such fiscal year, as shown in such audited financial statements, as compared to the aggregate amount of the Monthly Payments paid by HDS to JSJ in such fiscal year. HDS also granted an irrevocable and exclusive option to JSJ to purchase any and all of the assets of HDS, to the extent permitted under PRC law, at the lowest price permitted by PRC law. Unless earlier terminated in accordance with the provisions of the Business Cooperation Agreement or other agreements separately executed between JSJ and HDS, the Business Cooperation Agreement is for a term of ten years and expires on November 5, 2020; however, the term of the Business Cooperation Agreement may be extended if confirmed in writing by JSJ prior to the expiration of the term thereof. The period of the extended term shall be determined exclusively by JSJ and HDS |
shall accept such extended term unconditionally. Unless JSJ commits gross negligence, or a fraudulent act, against HDS, HDS shall not terminate the Business Cooperation Agreement prior to the expiration of the term, including any extended term. Notwithstanding the foregoing, JSJ shall have the right to terminate the Business Cooperation Agreement at any time upon giving 30 days’ prior written notice to HDS. |
● | Exclusive Option Agreement. Under an Exclusive Option Agreement among JSJ, HDS and each HDS Shareholder (individually, an “Option Agreement”), the terms of which are substantively identical to each other, each HDS Shareholder has granted JSJ or its designee the irrevocable and exclusive right to purchase, to the extent permitted under PRC law, all or any part of the HDS Shareholder’s equity interests in HDS (the “Equity Interest Purchase Option”) for RMB 10. If an appraisal is required by PRC laws at the time when and if JSJ exercises the Equity Interest Purchase Option, the parties shall negotiate in good faith and, based upon the appraisal, make a necessary adjustment to the purchase price so that it complies with any and all then applicable PRC laws. Without the consent of JSJ, the HDS Shareholders shall not sell, transfer, mortgage or dispose of their respective shares of HDS stock. Additionally, without the prior consent of JSJ, the HDS Shareholders shall not in any manner supplement, change or amend the articles of association and bylaws of HDS, increase or decrease its registered capital, change the structure of its registered capital in any other manner, or engage in any transactions that could materially affect HDS’ assets, liabilities, rights or operations, including, without limitation, the incurrence or assumption of any indebtedness except incurred in the ordinary course of business, execute any major contract over RMB 500,000, sell or purchase any assets or rights, incur of any encumbrance on any of its assets or intellectual property rights in favor of a third party or transfer of any agreements relating to its business operation to any third party. The term of each Option Agreement is ten years commencing on November 5, 2020 and may be extended at the sole election of JSJ. |
Equity Interest Pledge Agreement. In order to guarantee HDS’s performance of its obligations under the Business Cooperation Agreement, each HDS Shareholder, JSJ and HDS entered into an Equity Interest Pledge Agreement (individually, a “Pledge Agreement”), the terms of which are substantially similar to each other. Pursuant to the Pledge Agreement, each HDS Shareholder pledged all of his or her equity interest in HDS to JSJ. If HDS or the HDS Shareholders breach their respective contractual obligations and such breach is not remedied to the satisfaction of JSJ within 20 days after the giving of notice of breach, JSJ, as pledgee, will be entitled to exercise certain rights, including the right to foreclose upon and sell the pledged equity interests. During the term of the Pledge Agreement, the HDS Shareholder shall not transfer his or her equity interest in HDS or place or otherwise permit any other security interest of other encumbrance to be placed on such equity interest. Upon the full payment of the Service Fee under the Business Cooperation Agreement and upon the termination of HDS’s obligations thereunder, the Pledge Agreement shall be terminated. |
Power of Attorney. Under the Power of Attorney executed by each HDS Shareholder (each, a “Power of Attorney”), the terms of which are substantially similar to each other, JSJ has been granted an exclusive, irrevocable power of attorney to take actions in the place and stead of the HDS Shareholders, to act on behalf of the HDS Shareholder as his or her exclusive agent and attorney with respect to all matters concerning the HDS Shareholder’s equity interests in HDS, including without limitation, the right to: 1) attend shareholders’ meetings of HDS; 2) exercise all the HDS Shareholders’ rights, including voting rights under PRC laws and HDS’s Articles of Association, including but not limited to the sale or transfer or pledge or disposition of the HDS Shareholder’s equity interests in HDS in whole or in part; and 3) designate and appoint on behalf of the HDS Shareholders the legal representative, executive director, supervisor, manager and other senior management of HDS. |
December 31, | ||||||||
2013 | 2012 | |||||||
Assets | ||||||||
Cash | $ | 1,146,546 | $ | 343,990 | ||||
Accounts receivable | 418,875 | 722,598 | ||||||
Accounts receivable – related parties | 377,821 | 284,986 | ||||||
Inventories (current and long-term) | 11,334,233 | 10,373,398 | ||||||
Prepaid expenses and other assets | 2,388 | - | ||||||
Prepaid rent - related party | 33,213 | 57,870 | ||||||
Property and equipment, net | 966,148 | 790,563 | ||||||
Land use rights and yew forest assets, net | 20,953,562 | 15,328,318 | ||||||
Total assets of VIE | $ | 35,232,786 | $ | 27,901,723 | ||||
Liabilities | ||||||||
Accounts payable | $ | - | $ | 990 | ||||
Accrued expenses and other payables | 16,294 | 79,981 | ||||||
Taxes payable | 9,924 | 6,305 | ||||||
Due to VIE holding companies | 1,703,324 | 1,939,720 | ||||||
Due to related parties | 4,804,661 | 1,900 | ||||||
Total liabilities of VIE | $ | 6,534,203 | $ | 2,028,896 |
September 30, 2012 | December 31, 2011 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Cash | $ | 506,987 | $ | 479,494 | ||||||
Accounts receivable | 530,470 | — | ||||||||
Inventories (current and long-term) | 10,603,379 | 8,218,874 | ||||||||
Prepaid expenses and other assets | �� | 1,595 | 283 | |||||||
Prepaid rent — related party | 64,529 | — | ||||||||
Property and equipment, net | 735,639 | 750,779 | ||||||||
Land use rights and yew forest assets, net | 15,034,720 | 15,166,197 | ||||||||
Total assets of VIE | $ | 27,477,319 | $ | 24,615,627 | ||||||
Liabilities | ||||||||||
Accounts payable | $ | 900,489 | $ | 1,360,611 | ||||||
Accrued expenses and other payables | 23,163 | 73,727 | ||||||||
Taxes payable | 8,142 | 1,049 | ||||||||
Due to VIE holding companies | 2,058,426 | 2,164,107 | ||||||||
Due to related parties | 6,623 | 240,159 | ||||||||
Total liabilities of VIE | $ | 2,996,843 | $ | 3,839,653 |
Name | Domicile and date of incorporation | Registered capital | Effective ownership | Principal activities | ||||
Heilongjiang Jinshangjing Bio-Technology Development Co., Limited (“JSJ”) | PRC October 29, 2009 | USD $ 100,000 | 100% | Holding company | ||||
Yew Bio-Pharm Holdings Limited (“Yew Bio-Pharm (HK)”) | Hong Kong November 29, 2010 | HK$ 10,000 | 100% | Holding company of JSJ | ||||
Harbin Yew Science and Technology Development Co., Ltd. (“HDS”) | PRC August 22, 1996 | RMB 45,000,000 | Contractual arrangements | Sales of yew tree components for use in pharmaceutical industry; sales of yew tree seedlings and potted yew trees; and the manufacture of yew tree wood handicrafts |
● | Level 1-Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date. |
● | Level 2-Inputs are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other then quoted prices that are observable, and inputs derived from or corroborated by observable market data. |
● | Level 3-Inputs are unobservable inputs which reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information. |
December 31, 2013 | December 31, 2012 | |||||||||||||||
Country: | ||||||||||||||||
United States | $ | 8,779 | 0.8 | % | $ | 17,372 | 4.5 | % | ||||||||
China | 1,150,832 | 99.2 | % | 369,449 | 95.5 | % | ||||||||||
Total cash and cash equivalents | $ | 1,159,611 | 100.0 | % | $ | 386,821 | 100.0 | % |
Building | 15 years |
Machinery and equipment | 10 years |
Office equipment | 3 years |
Leasehold improvement | 5 years |
Motor vehicles | 4 years |
2013 | 2012 | |||||||
Exchange rate on balance sheet dates: | ||||||||
USD : RMB exchange rate | 6.1140 | 6.3161 | ||||||
Average exchange rate for the year | ||||||||
USD : RMB exchange rate | 6.19817 | 6.31984 |
Years Ended December 31, | ||||||||
2013 | 2012 | |||||||
Net income available to common stockholders for basic and diluted net income per share of common stock | $ | 3,899,730 | $ | 2,206,267 | ||||
Weighted average common stock outstanding – basic | 50,000,000 | 47,819,672 | ||||||
Effect of dilutive securities: | ||||||||
Stock options issued to directors/officers | - | - | ||||||
Weighted average common stock outstanding – diluted | 50,000,000 | 47,819,672 | ||||||
Net income per common share – basic | $ | 0.08 | $ | 0.05 | ||||
Net income per common share – diluted | $ | 0.08 | $ | 0.05 |
2013 | 2012 | |||||||
Stock options | 22,805,512 | 22,805,512 | ||||||
Total | 22,805,512 | 22,805,512 |
and related topics and will record revenue gross as the prime contractor. ASC Topic 808-10-15 defines collaborative arrangements and requires collaborators to present the result of activities for which they act as the principal on a gross basis and report any payments received from (made to) the other collaborators based on other applicable authoritative accounting literature, and in the absence of other applicable authoritative literature, on a reasonable, rational and consistent accounting policy is to be elected. The Company adopted the provisions of ASC 808-10-15. The adoption of this statement did not have an impact on the Company’s consolidated financial position, results of operations or cash flows. For the years ended December 31, 2013 and 2012, the Company has not generated any revenues or activity from this collaborative agreement.
December 31, 2011 (As Previously Reported) | Adjustments to Restate | December 31, 2011 (As Restated) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Consolidated Balance Sheet: | ||||||||||||||
Assets: | ||||||||||||||
Current Assets: | ||||||||||||||
Inventories | $ | 8,218,874 | $ | (7,508,030 | ) | $ | 710,844 | |||||||
Total Current Assets | 8,951,678 | (7,508,030 | ) | 1,443,648 | ||||||||||
Long-term Assets: | ||||||||||||||
Inventories, net of current portion | — | 7,508,030 | 7,508,030 | |||||||||||
Total Assets | $ | 24,902,097 | $ | — | $ | 24,902,097 |
September 30, 2012 | December 31, 2011 | ||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Current portion | Long-term portion | Total | Current portion | Long-term portion | Total | ||||||||||||||||||||||
Raw materials | $ | 208,862 | $ | 2,727,438 | $ | 2,936,300 | $ | 29,401 | $ | 2,817,980 | $ | 2,847,381 | |||||||||||||||
Work-in-process | 18,732 | — | 18,732 | 18,642 | — | 18,642 | |||||||||||||||||||||
Finished goods — handicrafts | 229,740 | 631,004 | 860,744 | 236,854 | 687,258 | 924,112 | |||||||||||||||||||||
Yew seedlings | 442,449 | 4,125,309 | 4,567,758 | 425,947 | 4,002,792 | 4,428,739 | |||||||||||||||||||||
Other trees | — | 2,219,845 | 2,219,845 | — | — | — | |||||||||||||||||||||
$ | 899,783 | $ | 9,703,596 | $ | 10,603,379 | $ | 710,844 | $ | 7,508,030 | $ | 8,218,874 |
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||
Current portion | Long-term portion | Total | Current portion | Long-term portion | Total | |||||||||||||||||||
Raw materials | $ | 416,519 | $ | 2,608,829 | $ | 3,025,348 | $ | 284,628 | $ | 2,734,896 | $ | 3,019,524 | ||||||||||||
Work-in-process | 17,446 | - | 17,446 | 22,523 | - | 22,523 | ||||||||||||||||||
Finished goods - handicrafts | 197,842 | 653,785 | 851,627 | 153,578 | 695,426 | 849,004 | ||||||||||||||||||
Yew seedlings | 457,280 | 6,982,532 | 7,439,812 | 530,505 | 3,622,991 | 4,153,496 | ||||||||||||||||||
Other trees | - | - | - | - | 2,328,851 | 2,328,851 | ||||||||||||||||||
$ | 1,089,087 | $ | 10,245,146 | $ | 11,334,233 | $ | 991,234 | $ | 9,382,164 | $ | 10,373,398 |
December 31, | ||||||||
2013 | 2012 | |||||||
Buildings and building improvements | $ | 651,716 | $ | 402,226 | ||||
Machinery and equipment | 538,648 | 521,888 | ||||||
Office equipment | 48,163 | 46,347 | ||||||
Leasehold improvement | 54,926 | 53,169 | ||||||
Motor vehicles | 659,544 | 641,433 | ||||||
Construction in progress | 65,751 | - | ||||||
2,018,748 | 1,665,063 | |||||||
Less: accumulated depreciation | (985,670 | ) | (779,094 | ) | ||||
$ | 1,033,078 | $ | 885,969 |
September 30, 2012 | December 31, 2011 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Buildings and building improvements | $ | 351,321 | $ | 267,015 | ||||||
Machinery and equipment | 522,939 | 520,416 | ||||||||
Office equipment | 46,207 | 44,841 | ||||||||
Leasehold improvement | 53,019 | 52,763 | ||||||||
Motor vehicles | 639,885 | 513,280 | ||||||||
1,613,371 | 1,398,315 | |||||||||
Less: accumulated depreciation | (775,369 | ) | (614,093 | ) | ||||||
$ | 838,002 | $ | 784,222 |
Description | Useful life | Acquisition date | Expiration date | Metric acres (“Mu”) | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Parcel A | Undeveloped forest land | 50 | 3/2004 | 3/2054 | 125 | |||||||||||||||||
Parcel B | Undeveloped forest land | 50 | 4/2004 | 4/2054 | 400 | |||||||||||||||||
Parcel C | Yew tree forests and underlying land | 50 | 1/2008 | 1/2058 | 290 | |||||||||||||||||
Parcel D | Yew tree forests and underlying land | 45 | 3/2010 | 3/2055 | 15,865 | |||||||||||||||||
Parcel E | Undeveloped forest land | 16 | 7/2012 | 3/2028 | 117.5 |
Description | Useful life | Acquisition date | Expiration date | Metric acres ("Mu") | |||||||||||||
Parcel A | Developing forest land | 50 | 3/2004 | 3/2054 | 125 | ||||||||||||
Parcel B | Developing forest land | 50 | 4/2004 | 4/2054 | 400 | ||||||||||||
Parcel C | Yew tree forests | 30 | 3/2005 | 3/2035 | 361 | ||||||||||||
Parcel D | Yew tree forests and underlying land | 50 | 1/2008 | 12/2058 | 290 | ||||||||||||
Parcel E | Yew tree forests and underlying land | 45 | 3/2010 | 3/2055 | 15,865 | ||||||||||||
Parcel F | Undeveloped forest land | 16 | 7/2012 | 3/2028 | 148 | ||||||||||||
Parcel G | Yew tree forests and underlying land | 22 | 4/2006 | 1/2028 | 5 | ||||||||||||
Parcel H | Yew tree forests and underlying land | 38 | 11/2013 | 11/2051 | 2,565 |
Useful life | September 30, 2012 | December 31, 2011 | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Land and yew forest use rights | 16–50 years | $ | 15,675,733 | $ | 15,546,414 | |||||||||
Less: accumulated amortization | (641,013 | ) | (380,217 | ) | ||||||||||
Total | $ | 15,034,720 | $ | 15,166,197 |
Useful Life | December 31, 2013 | December 31, 2012 | |||||||
Land use rights and yew forest assets | 16-50 years | $ | 22,094,697 | $ | 16,058,406 | ||||
Less: accumulated amortization | (1,141,135 | ) | (730,088 | ) | |||||
Total | $ | 20,953,562 | $ | 15,328,318 |
Twelve-month periods ending September 30: | Amount | |||||
---|---|---|---|---|---|---|
2013 | $ | 348,056 | ||||
2014 | 348,056 | |||||
2015 | 348,056 | |||||
2016 | 348,056 | |||||
2017 | 348,056 | |||||
2018 and thereafter | 13,294,440 | |||||
Total | $ | 15,034,720 |
Years ending December 31: | Amount | |||
2014 | $ | 507,450 | ||
2015 | 507,450 | |||
2016 | 507,450 | |||
2017 | 507,450 | |||
2018 | 507,450 | |||
2019 and thereafter | 18,416,312 | |||
Total | $ | 20,953,562 |
September 30, 2012 | December 31, 2011 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Accrued wage | $ | 19,939 | $ | 16,844 | ||||||
Accrued professional fees | 10,000 | 75,029 | ||||||||
Other | 20,000 | 28,028 | ||||||||
Total | $ | 49,939 | $ | 119,901 |
December 31, 2013 | December 31, 2012 | |||||||
Accrued wage | $ | 17,821 | $ | 51,759 | ||||
Accrued professional fees | - | 121,346 | ||||||
Other | 118,892 | 25,993 | ||||||
Total | $ | 136,713 | $ | 199,098 |
Years ended December 31, | ||||||||
2013 | 2012 | |||||||
Tax exemption effect | $ | 1,035,909 | $ | 1,223,766 | ||||
Tax reduction due to loss carry-forward | 8,152 | 9,751 | ||||||
Loss not subject to income tax | (3,962 | ) | (20,636 | ) | ||||
Basic net income per share effect | $ | (0.02 | ) | $ | (0.03 | ) | ||
Diluted net income per share effect | $ | (0.02 | ) | $ | (0.03 | ) |
Nine Months Ended September 30, | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2012 | 2011 | ||||||||||
U.S. federal income tax rate | 34 | % | 34 | % | |||||||
Foreign income not recognized in the U.S. | (34 | )% | (34 | )% | |||||||
PRC enterprise income tax | 25 | % | 25 | % | |||||||
Tax exemption | (25 | )% | (25 | )% | |||||||
Total provision for income tax | — | — |
Years ended December 31, | ||||||||
2013 | 2012 | |||||||
U.S. federal income tax rate | 34 | % | 34 | % | ||||
Foreign income not recognized in the U.S. | (34 | %) | (34 | %) | ||||
PRC EIT rate | 25 | % | 25 | % | ||||
PRC tax exemption and reduction | (25 | %) | (25 | %) | ||||
Total provision for income taxes | - | - |
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 | 2011 | 2012 | 2011 | ||||||||||||||||
Tax exemption effect | $ | 255,902 | $ | 188,982 | $ | 909,548 | $ | 737,027 | |||||||||||
Basic net income per share effect | $ | (0.01 | ) | $ | (0.00 | ) | $ | (0.02 | ) | $ | (0.02 | ) | |||||||
Diluted net income per share effect | $ | (0.01 | ) | $ | (0.00 | ) | $ | (0.02 | ) | $ | (0.01 | ) |
December 31, 2013 | December 31, 2012 | |||||||
U.S. tax benefit of net operating loss carry forward | $ | 1,107,865 | $ | 1,019,238 | ||||
Valuation allowance | (1,107,865 | ) | (1,019,238 | ) | ||||
Net deferred tax assets | $ | - | $ | - |
● | Each Founder’s Option is fully vested upon issuance; |
● | Each Founder’s Option is exercisable for a period of five years from the date of issuance; |
● | Each Founder’s Option is exercisable at $0.22 per share; and |
● | Each Founder’s Option has a cashless exercise feature, pursuant to which, at the optionee’s election, he or she may choose to deliver previously-owned shares of YBP common stock in payment of the exercise price or not pay the exercise price of the Founder’s Option and receive instead a reduced number of shares of YBP common stock reflecting the value of the number of shares of YBP common stock equal to the difference, if any, between the aggregate fair market value of the shares issuable upon exercise of the Founder’s Option and the exercise price of the Founder’s Option. |
Name of optionee | Number of shares subject to Founder's Option | |||
Zhiguo Wang | 20,103,475 | |||
Guifang Qi | 2,488,737 | |||
Xingming Han | 213,300 | |||
Total | 22,805,512 |
Year Ended December 31, 2013 | Year Ended December 31, 2012 | |||||||||||||||
Number of Stock Options | Weighted Average Exercise Price | Number of Stock Options | Weighted Average Exercise Price | |||||||||||||
Balance at beginning of year | 22,805,512 | $ | 0.22 | - | $ | - | ||||||||||
Issued | - | - | 22,805,512 | 0.22 | ||||||||||||
Exercised | - | - | - | - | ||||||||||||
Forfeited | - | - | - | - | ||||||||||||
Balance at end of year | 22,805,512 | $ | 0.22 | 22,805,512 | $ | 0.22 | ||||||||||
Options exercisable at end of year | 22,805,512 | $ | 0.22 | 22,805,512 | $ | 0.22 |
Stock Options Outstanding | Stock Options Exercisable | ||||||||||||||||||||
Range of Exercise Price | Number Outstanding at December 31, 2013 | Weighted Average Remaining Contractual Life (Years) | Weighted Average Exercise Price | Number Exercisable at December 31, 2013 | Weighted Average Exercise Price | ||||||||||||||||
$ | 0.22 | 22,805,512 | 3.95 | $ | 0.22 | 22,805,512 | $ | 0.22 |
Three Months Ended September 30, | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2012 | 2011 | ||||||||||
Net income available to common stockholders for basic and diluted net income per share of common stock | $ | 879,659 | $ | 712,305 | |||||||
Weighted average common stock outstanding — basic | 50,000,000 | 40,500,000 | |||||||||
Effect of dilutive securities: | |||||||||||
Subscribed common shares issuable and subject to recession | — | 9,500,000 | |||||||||
Weighted average common stock outstanding — diluted | 50,000,000 | 50,000,000 | |||||||||
Net income per common share — basic | $ | 0.02 | $ | 0.02 | |||||||
Net income per common share — diluted | $ | 0.02 | $ | 0.01 |
● | RMB 21.2 million (approximately $3.5 million) on or before December 31, 2013. |
● | RMB 26.0 million (approximately $4.3 million) on or before May 31, 2015. |
Nine Months Ended September 30, | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2012 | 2011 | ||||||||||
Net income available to common stockholders for basic and diluted net income per share of common stock | $ | 3,359,870 | $ | 2,838,337 | |||||||
Weighted average common stock outstanding — basic | 47,052,920 | 40,500,000 | |||||||||
Effect of dilutive securities: | |||||||||||
Subscribed common shares issuable and subject to recession | 2,947,080 | 9,500,000 | |||||||||
Weighted average common stock outstanding — diluted | 50,000,000 | 50,000,000 | |||||||||
Net income per common share — basic | $ | 0.07 | $ | 0.07 | |||||||
Net income per common share — diluted | $ | 0.07 | $ | 0.06 |
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Customer | 2012 | 2011 | 2012 | 2011 | |||||||||||||||
A | 20 | % | 27 | % | 16 | % | 28 | % | |||||||||||
B | 32 | % | 21 | % | 12 | % | 26 | % |
Years Ended December 31, | |||||||||
Customer | 2013 | 2012 | |||||||
A | * | 17 | % | ||||||
B | 21 | % | 15 | % | |||||
C | * | 11 | % | ||||||
D | * | 10 | % | ||||||
E | 17 | % | * |
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Customer | 2012 | 2011 | 2012 | 2011 | |||||||||||||||
C | 13 | % | 24 | % | 14 | % | 14 | % | |||||||||||
D | * | 18 | % | * | * | ||||||||||||||
E | 17 | % | * | 14 | % | * | |||||||||||||
F | * | * | 11 | % | * | ||||||||||||||
G | * | * | 13 | % | * |
* |
Company | Ownership | ||||||||
Heilongjiang Zishan Technology Stock Co., Ltd. (“ZTC”) | 18% owned by Heilongjiang Hongdoushan Ecology Forest Stock Co., Ltd., 39% owned by Zhiguo Wang, Chairman and Chief Executive Officer, 31% owned by Guifang Qi, the wife of Mr. Wang and Director of the Company, and 12% owned by third parties. | ||||||||
Heilongjiang Yew Pharmaceuticals, Co., Ltd. (“Yew Pharmaceutical”) | 95% owned by Heilongjiang Hongdoushan Ecology Forest Stock Co., Ltd., and 5% owned by Madame Qi. | ||||||||
Shanghai Kairun Bio-Pharmaceutical Co., Ltd. (“Kairun”) | 60% owned by Heilongjiang Zishan Technology Co., Ltd., 20% owned by Heilongjiang Hongdoushan Ecology Forest Stock Co., Ltd., and 20% owned by Mr. Wang. | ||||||||
Heilongjiang Hongdoushan Ecology Forest Stock Co., Ltd. (“HEFS”) | 63% owned by Mr. Wang, 34% owned by Madame Qi, and 3% owned by third parties. |
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Name of related party | 2012 | 2011 | 2012 | 2011 | |||||||||||||||
Yew pharmaceutical | $ | 442,467 | $ | 251,876 | $ | 602,159 | $ | 1,169,688 | |||||||||||
Total | $ | 442,467 | $ | 251,876 | $ | 602,159 | $ | 1,169,688 |
Years Ended December 31, | ||||||||
Name of related party | 2013 | 2012 | ||||||
Yew Pharmaceutical | $ | 1,550,458 | $ | 1,014,287 | ||||
Total | $ | 1,550,458 | $ | 1,014,287 |
Twelve-month periods ending September 30: | ||||||
---|---|---|---|---|---|---|
2013 | $ | 32,057 | ||||
2014 | 32,057 | |||||
2015 | 29,610 | |||||
2016 | 28,015 | |||||
2017 | 28,015 | |||||
Thereafter | 468,366 | |||||
Total | $ | 618,120 |
Years Ending December 31: | ||||
2014 | $ | 6,341 | ||
2015 | 134,274 | |||
2016 | 2,420 | |||
2017 | 22,587 | |||
2018 | 2,420 | |||
Thereafter | 438,315 | |||
Total | $ | 606,357 |
Due to related party | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Name of related party | September 30, 2012 | December 31, 2011 | |||||||||
Zhiguo Wang | $ | 54,409 | $ | 31,357 | |||||||
Yew Pharmaceutical | — | 62,847 | |||||||||
Madame Qi | 1,689 | — | |||||||||
ZTC | — | 172,284 | |||||||||
Total | $ | 56,098 | $ | 266,488 |
Name of related parties | 2013 | 2012 | ||||||
Zhiguo Wang | $ | 47,726 | $ | 45,976 | ||||
Guifang Qi | - | 1,900 | ||||||
ZTC | 4,802,911 | - | ||||||
Total | $ | 4,850,637 | $ | 47,876 |
yew tree forests and land use right of underlying land. The acquisition is treated as a transaction between entities under common control, see Note 8(c) for more details.
For the Three Months Ended September 30, | For the Nine Months Ended September 30, | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2012 | 2011 | 2012 | 2011 | ||||||||||||||||
Revenues: | |||||||||||||||||||
TCM raw materials | $ | 893,909 | $ | 859,497 | $ | 2,860,552 | $ | 2,659,234 | |||||||||||
Yew trees | 396,416 | 322,015 | 1,853,504 | 1,665,665 | |||||||||||||||
Handicrafts | 82,699 | 24,486 | 118,734 | 91,391 | |||||||||||||||
1,373,024 | 1,205,998 | 4,832,790 | 4,416,290 | ||||||||||||||||
Cost of revenues: | |||||||||||||||||||
TCM raw materials | 158,354 | 161,226 | 446,436 | 640,843 | |||||||||||||||
Yew trees | 21,395 | 88,380 | 320,410 | 287,681 | |||||||||||||||
Handicrafts | 51,188 | 11,524 | 69,863 | 60,068 | |||||||||||||||
230,937 | 261,130 | 836,709 | 988,592 | ||||||||||||||||
Depreciation and amortization: | |||||||||||||||||||
TCM raw materials | 84,334 | 95,545 | 253,157 | 208,248 | |||||||||||||||
Yew trees | 14,573 | 13,020 | 41,638 | 37,485 | |||||||||||||||
Handicrafts | 7,428 | 9,538 | 23,532 | 23,824 | |||||||||||||||
Other | 36,017 | 14,877 | 99,396 | 71,660 | |||||||||||||||
142,352 | 132,980 | 417,723 | 341,217 | ||||||||||||||||
Net income (loss): | |||||||||||||||||||
TCM raw materials | 735,555 | 698,271 | 2,414,116 | 2,018,391 | |||||||||||||||
Yew trees | 375,021 | 233,635 | 1,533,094 | 1,377,984 | |||||||||||||||
Handicrafts | 31,511 | 12,962 | 48,871 | 31,323 | |||||||||||||||
Other | (262,428 | ) | (232,563 | ) | (636,211 | ) | (589,361 | ) | |||||||||||
$ | 879,659 | $ | 712,305 | $ | 3,359,870 | $ | 2,838,337 |
For the Years Ended December 31, | ||||||||
2013 | 2012 | |||||||
Revenues: | ||||||||
TCM raw materials | $ | 4,170,748 | $ | 3,745,348 | ||||
Yew trees | 3,011,728 | 2,819,968 | ||||||
Handicrafts | 257,172 | 162,208 | ||||||
7,439,648 | 6,727,524 | |||||||
Cost of revenues: | ||||||||
TCM raw materials | 1,117,407 | 615,956 | ||||||
Yew trees | 1,097,470 | 578,296 | ||||||
Handicrafts | 192,523 | 84,805 | ||||||
2,407,400 | 1,279,057 | |||||||
Depreciation and amortization: | ||||||||
TCM raw materials | 370,564 | 337,949 | ||||||
Yew trees | 24,586 | 37,440 | ||||||
Handicrafts | 22,900 | 31,346 | ||||||
Other | 143,466 | 157,096 | ||||||
561,516 | 563,831 | |||||||
Net income (loss): | ||||||||
TCM raw materials | 3,053,341 | 3,129,393 | ||||||
Yew trees | 1,914,257 | 2,241,672 | ||||||
Handicrafts | 64,649 | 77,402 | ||||||
Other | (1,132,515 | ) | (3,242,200 | ) | ||||
$ | 3,899,732 | $ | 2,206,267 |
December 31, 2013 | ||||||||||||||||||||
TCM raw materials | Yew trees | Handicrafts | Other | Total | ||||||||||||||||
Identifiable long-lived assets, net | $ | 20,953,562 | $ | 632,583 | $ | 94,124 | $ | 306,371 | $ | 21,986,640 |
December 31, 2012 | ||||||||||||||||||||
TCM raw materials | Yew trees | Handicrafts | Other | Total | ||||||||||||||||
Identifiable long-lived assets, net | $ | 14,983,045 | $ | 734,212 | $ | 122,491 | $ | 374,539 | $ | 16,214,287 |
December 31, 2011 | |||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCM raw materials | Yew trees | Handicrafts | Other | Total | |||||||||||||||||||
Identifiable long-lived assets, net | $ | 14,880,192 | $ | 600,364 | $ | 153,686 | $ | 316,177 | $ | 15,950,419 | |||||||||||||
Expenditures for segment assets | $ | 5,515,590 | $ | 61,436 | $ | — | $ | 130,385 | $ | 5,707,411 |
September 30, 2012 | |||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCM raw materials | Yew trees | Handicrafts | Other | Total | |||||||||||||||||||
Identifiable long-lived assets, net | $ | 14,687,708 | $ | 739,908 | $ | 130,936 | $ | 314,170 | $ | 15,872,722 | |||||||||||||
Expenditures for segment assets | $ | 65,749 | $ | 83,098 | $ | — | $ | 125,426 | $ | 274,273 |
Year | Annual lease amount | Payment due date | |||||||||||||
March 2002 to February 2012 | RMB 25,000 | Before December 2012 | |||||||||||||
March 2012 to February 2017 | RMB 25,000 | Before December 2017 | |||||||||||||
March 2017 to March 2025 | RMB 25,000 | Before December 2025 |
Twelve-month periods ending September 30: | ||||||
---|---|---|---|---|---|---|
2013 | $ | 3,947 | ||||
2014 | 3,947 | |||||
2015 | 3,947 | |||||
2016 | 3,947 | |||||
2017 | 3,947 | |||||
Thereafter | 29,438 | |||||
Total | $ | 49,173 |
Years Ending December 31: | ||||
2014 | $ | - | ||
2015 | - | |||
2016 | - | |||
2017 | 20,167 | |||
2018 | - | |||
Thereafter | 28,234 | |||
Total | $ | 48,401 |
Shareholder | Number Shares Presently Held | Percentage of Issued Shares Presently Held | Number Shares Held Assuming Exercise of Founder’s Options | Percentage of Issued Shares Following Exercise of Founder’s Options | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Zhiguo Wang | 20,103,475 | 40.50 | % | 40,206,950 | 55.23 | % | ||||||||||||||||
Guifang Qi | 2,488,737 | 4.98 | % | 4,977,474 | 6.84 | % | ||||||||||||||||
Xingming Han | 213,300 | 0.43 | % | 426,600 | 0.58 | % | ||||||||||||||||
All HDS Shareholders as a group (3 persons) | 22,805,512 | 45.61 | % | 45,611,024 | 62.65 | % | ||||||||||||||||
All other existing shareholders | 27,194,488 | 54.39 | % | 27,194,488 | 37.35 | % | ||||||||||||||||
Total | 50,000,000 | 100.00 | % | 72,805,512 | 100.00 | % |
|
· | any breach of the director’s duty of loyalty to the corporation or its stockholders; |
· | acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law; |
· | payments of unlawful dividends or unlawful stock repurchases or redemptions; or |
· | any transaction from which the director derived an improper personal benefit. |
Exhibit No. | |||||||
Description | |||||||
3.1(1) | Articles of Incorporation of Yew Bio-Pharm Group, Inc. | ||||||
3.2(1) | Certificate of Amendment of Articles of Incorporation of Yew Bio-Pharm Group, Inc. dated May 19, 2010 | ||||||
3.3(6) | Certificate of Amendment of Articles of Incorporation of Yew Bio-Pharm Group, Inc. dated December 18, 2012 | ||||||
3.4(1) | Bylaws of Yew Bio-Pharm Group, Inc. | ||||||
4.1(1) | Equity Transfer Agreement dated February 23, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Zhiguo Wang | ||||||
4.2(1) | Equity Transfer Agreement dated February 23, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Guifang Qi | ||||||
4.3(1) | Equity Transfer Agreement dated February 23, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Xingming Han |
4.4(1) | Equity Transfer Agreement dated February 23, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Heilongjiang Ecology Stock Co. Ltd. | |||||
4.5(1) | Equity Transfer Agreement dated February 23, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Yingjun Jiang | |||||
4.6(1) | Supplemental Agreement to Equity Transfer Agreement dated February 23, 2010 among Mr. Wang, Madame Qi, Mr. Han, Heilongjiang Ecology Forest Co. Ltd. and Yingjun Jiang | |||||
4.7(1) | Debtor’s and Creditors’ Rights Transfer Agreement dated May 10, 2010 among Mr. Wang, Heilongjiang Ecology Stock Co. Ltd., Yingjun Jiang and Heilongjiang Jinshangjing Bio-Technology Development Co., Limited | |||||
4.8(1) | Equity Transfer Agreement dated October 28, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Zhiguo Wang | |||||
4.9(1) | Equity Transfer Agreement dated October 28, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Guifang Qi | |||||
4.10(1) | Equity Transfer Agreement dated October 28, 2010 between Heilongjiang Jinshangjing Bio- Technology Development Co., Limited and Xingming Han | |||||
4.11(1) | Supplemental Agreement to Equity Transfer Agreement dated February 16, 2011 among Heilongjiang Jinshangjing Bio-Technology Development Co., Limited, Zhiguo Wang, Guifang Qi and Xingming Han | |||||
4.12(1) | Exclusive Business Cooperation Agreement dated November 5, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Harbin Hongdoushan Science and Technology Development Co., Ltd. | |||||
4.13(1) | Exclusive Option Agreement dated November 5, 2010 among Heilongjiang Jinshangjing Bio-Technology Development Co., Limited, Harbin Hongdoushan Science and Technology Development Co., Ltd. and Zhiguo Wang | |||||
4.14(1) | Exclusive Option Agreement dated November 5, 2010 among Heilongjiang Jinshangjing Bio-Technology Development Co., Limited, Harbin Hongdoushan Science and Technology Development Co., Ltd. and Guifang Qi | |||||
4.15(1) | Exclusive Option Agreement dated November 5, 2010 among Heilongjiang Jinshangjing Bio-Technology Development Co., Limited, Harbin Hongdoushan Science and Technology Development Co., Ltd. and Xingming Han | |||||
4.16(1) | Equity Interest Pledge Agreement dated November 5, 2010 among Heilongjiang Jinshangjing Bio-Technology Development Co., Limited, Harbin Hongdoushan Science and Technology Development Co., Ltd. and Zhiguo Wang | |||||
4.17(1) | Equity Interest Pledge Agreement dated November 5, 2010 among Heilongjiang Jinshangjing Bio-Technology Development Co., Limited, Harbin Hongdoushan Science and Technology Development Co., Ltd. and Guifang Qi | |||||
4.18(1) | Equity Interest Pledge Agreement dated November 5, 2010 among Heilongjiang Jinshangjing Bio-Technology Development Co., Limited, Harbin Hongdoushan Science and Technology Development Co., Ltd. and Xingming Han | |||||
4.19(1) | Power of Attorney dated November 5, 2010 - Zhiguo Wang |
Exhibit No. | Description | |||||
4.20(1) | Power of Attorney dated November 5, 2010 | |||||
4.21(1) | Power of Attorney dated November 5, 2010 | |||||
5.1** | Opinion of | |||||
10.1(1) | Cooperation and Development Contract of Yew (taxus) Yinpian dated January 9, 2010 between Harbin Yew Science and Technology Development Co., Ltd. and Heilongjiang Yew Pharmaceutical Co., Ltd. |
10.2(1) | Technology Development Services Agreement dated January 1, 2010 between Harbin Yew Science and Technology Development Co., Ltd. and Shanghai Kairun Bio-Pharmaceutical Co., Ltd. | |||||
10.3(1) | Technology Development Services Supplementary Agreement dated February 2, 2012 between Harbin Yew Science and Technology Development Co., Ltd. and Shanghai Kairun Bio-Pharmaceutical Co., Ltd. | |||||
10.4+(1) | Labor Contract effective May 9, 2009 between Harbin Yew Science and Technology Development Co., Ltd. and Zhiguo Wang | |||||
10.5+(1) | Labor Contract effective April 9, 2009 between Harbin Yew Science and Technology Development Co., Ltd. and Xingming Han | |||||
10.6+(1) | Labor Contract effective April 9, 2009 between Harbin Yew Science and Technology Development Co., Ltd. and Guifang Qi | |||||
10.7+(1) | Engagement Agreement dated August 24, 2011 between Yew Bio-Pharm Group, Inc. and CFO On Call Asia, Inc. | |||||
10.8(1) | Consulting Agreement dated November 1, 2010 between Yew Bio-Pharm Group, Inc. and Richard Lo | |||||
10.9(1) | Joint-Stock Construct Rare Plant Northeast Yew Contract dated March 21, 2004 between Harbin Yew Science and Technology Development Co., Ltd. and Wuchang City Forestry Bureau | |||||
10.10(1) | Waste Forest Land Transfer Agreement dated March 22, 2004 between Harbin Yew Science and Technology Development Co., Ltd. and Chengshan Niu | |||||
10.11(1) | Barren Hills and Uncultivated Land Use Right Transfer Agreement dated April 4, 2004 between Harbin Yew Science and Technology Development Co., Ltd. and Pingshan Town Government | |||||
10.12(1) | Contract for Seedling Land dated March 25, 2005 between Harbin Yew Science and Technology Development Co., Ltd. and Heilongjiang Yew Technology Stock Co. | |||||
10.13(1) | Contract for the Transfer of Forest Land Use Right and of the Ownership of Timbers dated January 18, 2008 among Harbin Yew Science and Technology Development Co., Ltd., Shukun Jiang and Shubao Jiang | |||||
10.14(1) | Yew Planting Seedlings Transfer Contract dated March 4, 2010 between Harbin Yew Science and Technology Development Co., Ltd. and Heilongjiang Pingshan Yew Comprehensive Development Co., Ltd. | |||||
10.15(1) | Lease Contract dated March 20, 2002 between Harbin Yew Science and Development Technology Co., Ltd. and Heilongjiang Pingshan Yew Comprehensive Development Co., Ltd. | |||||
10.16(1) | Lease Contract dated December 3, 2008 between Harbin Yew Science and Technology Development Co., Ltd. and Guifang Qi | |||||
10.17(1) | Lease Contract dated November 15, 2011 between Harbin Yew Science and Technology Development Co., Ltd. and Guifang Qi | |||||
10.18(1) | Lease Contract dated January 1, 2010 between Harbin Yew Science and Technology Development Co., Ltd. and Zhiguo Wang | |||||
10.19+(1) | Labor Contract effective April 10, 2012 between Harbin Yew Science and Technology Development Co., Ltd. and Xingming Han | |||||
10.20+(1) | Labor Contract effective April 10, 2012 between Harbin Yew Science and Technology Development Co., Ltd. and Guifang Qi | |||||
10.21+(2) | Labor Contract effective May 10, 2012 between Harbin Yew Science and Technology Development Co., Ltd. and Zhiguo Wang | |||||
10.22(3) | Forest Transfer Contract for Fuye Field, Beizhao Village, Hongxing Town, Acheng District | |||||
Founder’s Option dated December 13, 2012 issued to Zhiguo Wang | ||||||
10.24(4) | ||||||
10.25(4) | Founder’s Option dated December 13, 2012 issued to Xingming Han | |||||
10.26(5) | Yew Bio-Pharm Group, Inc. 2012 Equity Incentive Plan | |||||
10.27(7) | Lease Contract dated July 1, 2012 between Heilongjiang JSJ Bio-Technology Development Co., Ltd. and Zhiguo Wang | |||||
10.28(8) | Forest and Land Use Right Acquisition Contract dated November 15, 2013 between Harbin Yew Science and Technology Development Co., Ltd. and Heilongjiang Zishan Keji Gufen Limited Company. | |||||
21.1* | Subsidiaries of |
23.1* | Consent of | |||||
23.2** | Consent of | |||||
24.1* | Power of Attorney (included |
* | Filed |
** | To be filed | |
(1) | Incorporated by reference from the Company’s registration statement on Form 10, filed with the SEC on May 8, 2012. |
(2) | Incorporated by reference from Amendment No. 1 to the Company’s registration statement on Form 10/A, filed with the SEC on June 29, 2012. |
(3) | Incorporated by reference from the Company’s Current Report on Form 8-K, filed with the SEC on July 24, 2012. | |
(4) | Incorporated by reference from the Company’s Current Report on Form 8-K, filed with the SEC on December 19, 2012. | |
(5) | Incorporated by reference from the Company’s Proxy Statement, filed with the SEC on October 24, 2012. | |
(6) | Incorporated by reference from Amendment No.1 to the Company’s Registration Statement on Form S-1, filed with the SEC on January 23, 2013. | |
(7) | Incorporated by reference from the Company’s Form 10-K filed with the SEC on April 11, 2013 | |
(8) | Incorporated by reference from the Company’s Current Report on Form 8-K filed with the SEC on December 6, 2013. |
Yew Bio-Pharm Group, Inc. | |||||||||||
By: | |||||||||||
/s/ Zhiguo Wang | |||||||||||
Chief Executive Officer (Principal Executive Officer) | |||||||||||
By: | /s/ Zhiguo Wang | ||||||||||
Chief Financial Officer (Principal Accounting Officer) |
Name | Title | Date | |||||||||||||
/s/ Zhiguo Wang | Chief Executive Officer, President, | April 28, 2014 | |||||||||||||
Zhiguo Wang | Chief Financial Officer and Chairman of the Board (Principal Executive Officer) | ||||||||||||||
/s/ Guifang Qi | April 28, 2014 | ||||||||||||||
Guifang Qi | and Director | ||||||||||||||
/s/ Xingming Han | General Manager — Harbin Yew Science | April 28, 2014 | |||||||||||||
Xingming Han | and Technology Development Co., Ltd. and Director |
Exhibit No. | Description | |||||
3.1(1) | Articles of Incorporation of Yew Bio-Pharm Group, Inc. | |||||
3.2(1) | Certificate of Amendment of Articles of Incorporation of Yew Bio-Pharm Group, Inc. dated May 19, 2010 | |||||
3.3(6) | Certificate of Amendment of Articles of Incorporation of Yew Bio-Pharm Group, Inc. dated December 18, 2012 | |||||
3.4(1) | Bylaws of Yew Bio-Pharm Group, Inc. | |||||
4.1(1) | Equity Transfer Agreement dated February 23, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Zhiguo Wang | |||||
4.2(1) | Equity Transfer Agreement dated February 23, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Guifang Qi | |||||
4.3(1) | Equity Transfer Agreement dated February 23, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Xingming Han | |||||
4.4(1) | Equity Transfer Agreement dated February 23, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Heilongjiang Ecology Stock Co. Ltd. | |||||
4.5(1) | Equity Transfer Agreement dated February 23, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Yingjun Jiang | |||||
4.6(1) | Supplemental Agreement to Equity Transfer Agreement dated February 23, 2010 among Mr. Wang, Madame Qi, Mr. Han, Heilongjiang Ecology Forest Co. Ltd. and Yingjun Jiang | |||||
4.7(1) | Debtor’s and Creditors’ Rights Transfer Agreement dated May 10, 2010 among Mr. Wang, Heilongjiang Ecology Stock Co. Ltd., Yingjun Jiang and Heilongjiang Jinshangjing Bio-Technology Development Co., Limited | |||||
4.8(1) | Equity Transfer Agreement dated October 28, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Zhiguo Wang | |||||
4.9(1) | Equity Transfer Agreement dated October 28, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Guifang Qi | |||||
4.10(1) | Equity Transfer Agreement dated October 28, 2010 between Heilongjiang Jinshangjing | |||||
4.11(1) | Supplemental Agreement to Equity Transfer Agreement dated February 16, 2011 among Heilongjiang Jinshangjing Bio-Technology Development Co., Limited, Zhiguo Wang, Guifang Qi and Xingming Han | |||||
4.12(1) | Exclusive Business Cooperation Agreement dated November 5, 2010 between Heilongjiang Jinshangjing Bio-Technology Development Co., Limited and Harbin Hongdoushan Science and Technology Development Co., Ltd. | |||||
4.13(1) | Exclusive Option Agreement dated November 5, 2010 among Heilongjiang Jinshangjing Bio-Technology Development Co., Limited, Harbin Hongdoushan Science and Technology Development Co., Ltd. and Zhiguo Wang | |||||
4.14(1) | Exclusive Option Agreement dated November 5, 2010 among Heilongjiang Jinshangjing Bio-Technology Development Co., Limited, Harbin Hongdoushan Science and Technology Development Co., Ltd. and Guifang Qi | |||||
4.15(1) | Exclusive Option Agreement dated November 5, 2010 among Heilongjiang Jinshangjing Bio-Technology Development Co., Limited, Harbin Hongdoushan Science and Technology Development Co., Ltd. and Xingming Han | |||||
4.16(1) | Equity Interest Pledge Agreement dated November 5, 2010 among Heilongjiang Jinshangjing Bio-Technology Development Co., Limited, Harbin Hongdoushan Science and Technology Development Co., Ltd. and Zhiguo Wang | |||||
4.17(1) | Equity Interest Pledge Agreement dated November 5, 2010 among Heilongjiang Jinshangjing Bio-Technology Development Co., Limited, Harbin Hongdoushan Science and Technology Development Co., Ltd. and Guifang Qi |
4.19(1) | Power of Attorney dated November 5, 2010 |
Description | ||||||
4.20(1) | Power of Attorney dated November 5, 2010 | |||||
4.21(1) | Power of Attorney dated November 5, 2010 | |||||
5.1** | Opinion of | |||||
10.1(1) | Cooperation and Development Contract of Yew (taxus) Yinpian dated January 9, 2010 between Harbin Yew Science and Technology Development Co., Ltd. and Heilongjiang Yew Pharmaceutical Co., Ltd. | |||||
10.2(1) | Technology Development Services Agreement dated January 1, 2010 between Harbin Yew Science and Technology Development Co., Ltd. and Shanghai Kairun Bio-Pharmaceutical Co., Ltd. | |||||
10.3(1) | Technology Development Services Supplementary Agreement dated February 2, 2012 between Harbin Yew Science and Technology Development Co., Ltd. and Shanghai Kairun Bio-Pharmaceutical Co., Ltd. | |||||
10.4+(1) | Labor Contract effective May 9, 2009 between Harbin Yew Science and Technology Development Co., Ltd. and Zhiguo Wang | |||||
10.5+(1) | Labor Contract effective April 9, 2009 between Harbin Yew Science and Technology Development Co., Ltd. and Xingming Han | |||||
10.6+(1) | Labor Contract effective April 9, 2009 between Harbin Yew Science and Technology Development Co., Ltd. and Guifang Qi | |||||
10.7+(1) | Engagement Agreement dated August 24, 2011 between Yew Bio-Pharm Group, Inc. and CFO On Call Asia, Inc. | |||||
10.8(1) | Consulting Agreement dated November 1, 2010 between Yew Bio-Pharm Group, Inc. and Richard Lo | |||||
10.9(1) | Joint-Stock Construct Rare Plant Northeast Yew Contract dated March 21, 2004 between Harbin Yew Science and Technology Development Co., Ltd. and Wuchang City Forestry Bureau | |||||
10.10(1) | Waste Forest Land Transfer Agreement dated March 22, 2004 between Harbin Yew Science and Technology Development Co., Ltd. and Chengshan Niu | |||||
10.11(1) | Barren Hills and Uncultivated Land Use Right Transfer Agreement dated April 4, 2004 between Harbin Yew Science and Technology Development Co., Ltd. and Pingshan Town Government | |||||
10.12(1) | Contract for Seedling Land dated March 25, 2005 between Harbin Yew Science and Technology Development Co., Ltd. and Heilongjiang Yew Technology Stock Co. | |||||
10.13(1) | Contract for the Transfer of Forest Land Use Right and of the Ownership of Timbers dated January 18, 2008 among Harbin Yew Science and Technology Development Co., Ltd., Shukun Jiang and Shubao Jiang | |||||
10.14(1) | Yew Planting Seedlings Transfer Contract dated March 4, 2010 between Harbin Yew Science and Technology Development Co., Ltd. and Heilongjiang Pingshan Yew Comprehensive Development Co., Ltd. | |||||
10.15(1) | Lease Contract dated March 20, 2002 between Harbin Yew Science and Development Technology Co., Ltd. and Heilongjiang Pingshan Yew Comprehensive Development Co., Ltd. | |||||
10.16(1) | Lease Contract dated December 3, 2008 between Harbin Yew Science and Technology Development Co., Ltd. and Guifang Qi | |||||
10.17(1) | Lease Contract dated November 15, 2011 between Harbin Yew Science and Technology Development Co., Ltd. and Guifang Qi |
10.18(1) | Lease Contract dated January 1, 2010 between Harbin Yew Science and Technology Development Co., Ltd. and Zhiguo Wang | |||||
10.19+(1) | Labor Contract effective April 10, 2012 between Harbin Yew Science and Technology Development Co., Ltd. and Xingming Han | |||||
10.20+(1) | Labor Contract effective April 10, 2012 between Harbin Yew Science and Technology Development Co., Ltd. and Guifang Qi | |||||
10.21+(2) | Labor Contract effective May 10, 2012 between Harbin Yew Science and Technology Development Co., Ltd. and Zhiguo Wang | |||||
10.22(3) | Forest Transfer Contract for Fuye Field, Beizhao Village, Hongxing Town, Acheng District | |||||
Founder’s Option dated December 13, 2012 issued to Zhiguo Wang | ||||||
10.24(4) | ||||||
10.25(4) | Founder’s Option dated December 13, 2012 issued to Xingming Han | |||||
10.26(5) | Yew Bio-Pharm Group, Inc. 2012 Equity Incentive Plan | |||||
10.27(7) | Lease Contract dated July 1, 2012 between Heilongjiang JSJ Bio-Technology Development Co., Ltd. and Zhiguo Wang | |||||
10.28(8) | Forest and Land Use Right Acquisition Contract dated November 15, 2013 between Harbin Yew Science and Technology Development Co., Ltd. and Heilongjiang Zishan Keji Gufen Limited Company. | |||||
21.1* | Subsidiaries of | |||||
23.1* | Consent of | |||||
23.2** | Consent of | |||||
24.1* | Power of Attorney (included |
* | Filed |
** | To be filed | |
(1) | Incorporated by reference from the Company’s registration statement on Form 10, filed with the SEC on May 8, 2012. |
(2) | Incorporated by reference from Amendment No. 1 to the Company’s registration statement on Form 10/A, filed with the SEC on June 29, 2012. |
(3) | Incorporated by reference from the Company’s Current Report on Form 8-K, filed with the SEC on July 24, 2012. | |
(4) | Incorporated by reference from the Company’s Current Report on Form 8-K, filed with the SEC on December 19, 2012. | |
(5) | Incorporated by reference from the Company’s Proxy Statement, filed with the SEC on October 24, 2012. | |
(6) | Incorporated by reference from Amendment No.1 to the Company’s Registration Statement on Form S-1, filed with the SEC on January 23, 2013. | |
(7) | Incorporated by reference from the Company’s Form 10-K filed with the SEC on April 11, 2013 | |
(8) | Incorporated by reference from the Company’s Current Report on Form 8-K filed with the SEC on December 6, 2013. |