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FORM 5
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/x/ Check box if no U.S. SECURITIES AND EXCHANGE COMMISSION
longer subject to WASHINGTON, DC 20549
Section 16. Form
4 or Form 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
obligations may
continue. See Filed pursuant to Section 16(a) of the Securities
Instruction 1(b) Exchange Act of 1934,
/ / Form 3 Holdings Section 17(a) of the Public Utility
Reported Holding Company Act of 1935 or Section 30(f) of
/x/ Form 4 the Investment Company Act
Transactions of 1940
Reported
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<S> <C> <C> <C> <C> <C> <C>
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
EVERBRIGHT FINANCE & INVESTMENT CO. China Resources Development, Inc.
LIMITED (CHRB) Issuer (Check all applicable)
- ------------------------------------------- ---------------------------------------------- Director X 10% Owner
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- ---
23/F, Office Tower, Convention Plaza Number of Reporting Month/Year Officer (give Other (specify
- ------------------------------------------- Person (Voluntary) 12/96 ---- title --- below)
(Street) ------------------- below)
1 Harbour Road 5. If Amendment,
Wanchai, Hong Kong N/A Date of Original -------------------------------
- ------------------------------------------- (Month/Year)
(City) (State) (Zip) N/A 7. Individual or Joint/Group Filing
------------------ (Check applicable line)
X Form Filed by one
---- Reporting Person
Form Filed by more than
---- one Reporting Person
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TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Issuer's Direct Benefi-
(Month/ Fiscal Year (D) or cial
Day/ ---------------------------- (Instr. 3 and 4) Indirect Owner-
Year) Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
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Common Stock, $0.001 par value 12/31/96 J4 32,000,000 D N/A 1,998,000 shs. D N/A
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Common Stock, $0.001 par value 1,350,000 shs. I *
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Series B Preferred Stock, 12/31/96 J4 32,000,000 A N/A 32,000,000 shs. D N/A
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$0.001 par value
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* By 50% interest in Silverich Limited
(Print or Type Responses)
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FORM 5 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Ac- Expiration Securities Deriv-
Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4, Year) ity
Security and 5) (Instr. 5)
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Date Expira- Amount or
--------------- Exer- tion Title Number of
(A) (D) cisable Date Shares
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<C> <C> <C> <C>
1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative of Derivative Indirect
(Instr. 3) Securities Security: Beneficial
Beneficially Direct (D) Ownership
Owned at End or Indirect (I) (Instr. 4)
of Year (Instr. 4)
(Instr. 4)
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Explanation of Responses:
Table I, Col. 3 & 4 - Reporting Person exchanged 32 million shares of Common EVERBRIGHT FINANCE &
Stock (with significant restrictions) for 32 million shares of Issuer's newly INVESTMENT CO. LIMITED
re-designated Series B Preferred Stock with substantially equivalent
restrictions.
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. By: /s/ Zhang Yibing 02/14/97
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- -------
**Signature of Reporting Person Date
Zhang Yibing, Director and
Authorized Signatory
Note. File three copies of this form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
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