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OMB APPROVAL
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OMB Number
Expires:
Estimated average burden
hours per response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
[ ] Check this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
CHING LUNG PO
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(Last) (First) (Middle)
ROOM 802-3, 8/F, CHAO'S BUILDING, 143-145 BONHAM STRAND EAST
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(Street)
HONG KONG
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
CHRB
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3. IRS or Social Security Number of Reporting Person (Voluntary)
N/A
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4. Statement for Month/Year
01/99
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5. If Amendment, Date of Original (Month/Year)
N/A
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ X ] Director [ ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
CHAIRMAN
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7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by one Reporting Person
[ ] Form filed by more than one Reporting Person
<PAGE>
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON STOCK, PAR VALUE $0.001 01/25/99 P 334,800 SHS A $.5012/SH 334,800 SHS I BY WINSLAND
CAPITAL LTD.
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SERIES B PREFERRED STOCK, 01/25/99 P 3,200,000 SHS A $.8911/SH 3,200,000 SHS I BY WINSLAND
PAR VALUE $0.001 CAPITAL LTD.
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Page 1 of 2
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially
Owned (e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
of Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
N/A
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</TABLE>
Explanation of Responses:
TABLE I, COLUMN 4. - TRANSACTIONS WERE IN RENMINBI, THE LAWFUL CURRENCY OF THE
PROPLE'S REPUBLIC OF CHINA. TRANSLATIONS OF AMOUNTS FROM RENMINBI TO U.S.
DOLLARS HAVE BEEN MADE AT THE SINGLE RATE OF EXCHANGE AS QUOTED BY THE PEOPLE'S
BANK OF CHINA (THE "PBOC RATE") ON JANUARY 25, 1999, WHICH WAS APPROXIMATELY
U.S.$1.00 = RMB8.28. THE RENMINBI IS NOT FREELY CONVERTIBLE INTO FOREIGN
CURRENCIES AND THE QUOTATION OF EXCHANGE RATES DOES NOT IMPLY CONVERTIBILITY OF
RENMINBI INTO U.S. DOLLARS OR OTHER CURRENCIES. ALL FOREIGN EXCHANGE
TRANSACTIONS TAKE PLACE EITHER THROUGH THE BANK OF CHINA OR OTHER BANKS
AUTHORIZED TO BUY AND SELL FOREIGN CURRENCIES AT THE EXCHANGE RATES QUOTED BY
THE PEOPLE'S BANK OF CHINA. NO REPRESENTATION IS MADE THAT THE U.S. DOLLAR
AMOUNTS REFERRED TO HEREIN COULD HAVE BEEN OR COULD BE CONVERTED INTO U.S.
DOLLARS AT THE PBOC RATE OR AT ALL.
/S/ CHING LUNG PO 10 FEBRUARY 1999
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedures.
Alternatively, this Form is permitted to be submitted to the Commission
in electronic format at the option of the reporting person pursuant to
rule 101(b)(4) of Regulation S-T.
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