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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-C
REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
INTERDEALER QUOTATION SYSTEM
FILED PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 AND RULE 13a-17
OR 15d-17 THEREUNDER
China Resources Development, Inc.
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(Exact name of issuer as specified in charter)
23/F Office Tower, Convention Plaza
1 Harbour Road, Wanchai, Hong Kong
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(Address of principal executive offices)
Issuer's telephone number, including area code 011-852-2537-6689
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I. CHANGE IN NUMBER OF SHARES OUTSTANDING
Indicate any change (increase or decrease) of 5% or more in the number
of shares outstanding:
1. Title of security Common Stock, par value $0.001 per share
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2. Number of shares outstanding before the change 89,789,968
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3. Number of shares outstanding after the change 5,778,997
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4. Effective date of change January 16, 1997
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5. Method of change:
Specify method (such as merger, acquisition, exchange, distribution,
stock split, reverse split, acquisition of stock for treasury, etc.)
One-for-ten reverse split and exchange of 32,000,000 pre-reverse
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restricted common shares for 3,200,000 preferred shares with
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equivalent terms.
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Give brief description of transaction Shareholder-approved reverse
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split was implemented on 01/16/97, and shares of restricted
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common were exchanged for preferred shares with equivalent terms.
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II. CHANGE IN NAME OF ISSUER
1. Name prior to change
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2. Name after change
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3. Effective date of charter amendment changing name
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4. Date of shareholder approval of change, if required
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Date January 26, 1997 /s/ Tam Cheuk Ho
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Tam Cheuk Ho,
Chief Financial Officer
