WANG GUI QUAN 4
4 · New Oriental Energy & Chemical Corp. · Filed Sep 30, 2010
Insider Transaction Report
Form 4
WANG GUI QUAN
DirectorPresident
Transactions
- Purchase
Common Stock
2010-09-28$132743.00/sh+132,743$17,620,704,049→ 7,632,743 total
Footnotes (2)
- [F1]On September 28, 2010, New Oriental Energy & Chemical Corp. (the "Company") and Wang Guiquan entered into an Indebtedness Conversion Agreement (the "Conversion Agreement") pursuant to which, in lieu of cash payment for money Wang Guiquan advanced to the Company (the "Loans"), the Company issued shares of its common stock for such portion of the Loans.
- [F2]Auto Chance International Limited ("Auto Chance") owns 7,500,000 shares of common stock of the Company. As a stockholder of Auto Chance, Wang Guiquan has an indirect pecuniary interest in the common stock of the Company. Wang Guiquan disclaims beneficial ownership of the shares of common stock of the Company. Wang Guiquan owns, and has a direct pecuniary interest in 132,743 shares of common stock of the Company pursuant to the Conversion Agreement.