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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
Under the Securities Exchange Act of 1934
(Amendment No.____________)*
American Champion Entertainment
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(Name of Issuer)
Common Stock, $.0001 par value
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(Title of Class of Securities)
025119207
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ].
(A fee is not required only if the filing person: (1) has a previous
statement on file reporting beneficial ownership of more than five
percent of the class of securities described in Item 1; and (2) has
filed no amendment subsequent thereto reporting beneficial ownership of
five percent or less of such class.)(See Rule 13d-7.)
- - ----------
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
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CUSIP No. 025119207 13G Page 2 of 5 Pages
- - ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON(S)
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON(S)
George Chung ###-##-####
- - -----------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- - --------------------------------------------------------------------------
3. SEC USE ONLY
- - --------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- - --------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 293,360
BENEFICIALLY (adjusted for 1:4 reverse split on January 4, 2000.)
--------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH 0
REPORTING --------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH 293,360
--------------------------------------------------------
8. SHARED DISPOSITIVE POWER
0
- - --------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
293,360
- - --------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- - --------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 5.94%
- - --------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
- - --------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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13G Page 3 of 5 Pages
Item 1. (a) Name of Issuer:
American Champion Entertainment, Inc.
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(b) Address of Issuer's Principal Executive Offices:
American Champion Entertainment, Inc.,
1694 The Alameda, Suite 100, San Jose, California 95126
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Item 2. (a) Name of Person Filing:
George Chung
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(b) Address of Principal Business Office, or if None, Residence:
American Champion Entertainment, Inc.,
1694 The Alameda, Suite 100, San Jose, California 95126
-----------------------------------------------------
(c) Citizenship:
United States
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(d) Title of Class of Securities:
Common Stock, par value $.0001 per share
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(e) CUSIP Number:
025119207
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Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
Not Applicable
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13-G Page 4 of 5 Pages
Item 4. Ownership.
If more than five percent of the class is owned, indicate:
(a) Amount beneficially owned: 293,360
----------------------------,
(b) Percent of class: 5.94%
------------------------------,
(c) The shares beneficially owned include 166,875 shares underlying
presently exercisable options granted under the Company's 1997
Stock Plan and 4,400 of the shares owned by Mr. Chung's spouse.
Assuming conversion of the options, Mr. Chung has the sole
power to vote or to direct the vote, and the sole power to
dispose or to direct the disposition of, 597,838 of the shares
identified herein.
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Not Applicable.
Item 7. Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on By the Parent Holding Company.
Not Applicable.
Item 8. Identification and Classification of Members of the Group.
Not Applicable.
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having such
purpose or effect.
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Signature.
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.
February 15, 2000
--------------------------
Date
/s/ George Chung
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Signature
George Chung/Chairman of the Board
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(Name/Title)
* Attention. Intentional misstatements or omissions of fact constitute
federal criminal violations (see 18 U.S.C. 1001).
