On July 3, 2012, the Company authorized and approved the issuance of 25,000 restricted shares of the Companys common stock to each of Mr. Zhenghao Tang and Tejesh Srivastav in consideration for becoming members of the Board of Directors of the Company.  On July 10, 2012, the Company authorized and approved the issuance of 277,778 free trading shares of common stock to David Rees in consideration for legal services.  The shares were issued to Mr. Zhenghao Tang, Mr. Tejesh Srivastav and Mr. David Rees subsequently.  The Company authorized and approved the issuance of 25,000 restricted shares of the Companys common stock to Ms. Jiyun Ge in consideration for becoming a member of the Board of Directors of the Company during the first quarter of 2012, and those shares were issued to Ms. Jiyun Ge subsequently after the period ended June 30, 2012.