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FORM 3
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f)
of the Investment Company Act of 1940
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<S> <C> <C> <C>
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1. Name and Address of Reporting Person* 2. Date of Event Requiring 4. Issuer Name and Ticker or 6. If Amendment, Date
EVERBRIGHT FINANCE & INVESTMENT CO. LIMITED Statement Trading Symbol of Original
- ---------------------------------------- (Month/Day/Year) China Resources Development, Inc. (CHRB) (Month/Day/Year)
(Last) (First) (Middle) 08/31/96 ---------------------------------------- N/A
23/F, Office Tower, Convention Plaza ---------------------------- 5. Relationship of Reporting -----------------------
1 Harbour Road 3. IRS or Social Security Person to Issuer 7. Individual or Joint/
- ---------------------------------------- Number of Reporting (Check all applicable) Group Filing (Check
(Street) Person (Voluntary) Director X 10% Owner applicable line)
Wanchai, Hong Kong N/A ----- ----- X Form filed by
- -------------------------------------- ---------------------------- Officer Other ----- One Reporting
(City) (State) (Zip) ----- (give ----- (specify Person
title below) below) Form filed by
----- More than One
---------------------------------- Reporting Person
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TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect
(Instr. 4) Beneficially Owned Direct (D) or Beneficial
(Instr. 4) Indirect (I) Ownership (Instr. 4)
(Instr. 5)
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Common Stock, $0.001 par value 33,998,000 shares D N/A
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Common Stock, $0.001 par value 1,350,000 shares I **
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Series A Preferred Stock -0-
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$1.00 par value
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*If the form is filed by more than one Reporting Person, see Instruction 5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) (8/96)
**By 50% interest in Silverich Limited
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FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C>
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1. Title of Derivative Security 2. Date 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) Exercisable and Securities Underlying sion or ship Beneficial Ownership
Expiration Date Derivative Security Exercise Form of (Instr. 5)
(Month/Day/ (Instr. 4) Price of Deriv-
Year) Deri- ative
vative Security:
------------------------------------------------- Security Direct
Date Expira- Amount or (D) or
Exercis- tion Title Number Indirect (I)
able Date of Shares (Instr. 5)
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Explanation of Responses:
Table I, Col. 2 - Reporting Person exchanged 6.4 million EVERBRIGHT FINANCE & INVESTMENT CO. LIMITED 09/10/96
shares of Series A Preferred Stock for 32 million shares ------------------------------------------- ------------
of the Issuer's authorized but previously unissued Common **Signature of Reporting Person Date
Stock with significant restrictions.
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
By: /s/ Zhang Yibing
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Zhang Yibing, Director and
Authorized Signatory
Note. File three copies of this form, one of which must be manually signed. Page 2
If space provided is insufficient, See Instruction 6 for procedure. (8/96)
(Print or Type Responses)
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