Lunar Growth CORP 3
3 · Lunar Growth CORP · Filed May 11, 2011
Insider Transaction Report
Form 3
Thriving Riches Ltd
10% Owner
Holdings
- 37,183,957
Ordinary Shares
Footnotes (2)
- [F1]As of the date hereof, Thriving Riches Limited is the record holder of 4,647,995 ordinary shares of the issuer, although the issuer is obligated to issue Thriving Riches Limited 32,535,962 ordinary shares of the issuer as soon as the issuer increases its authorized ordinary shares. Mr. Tie Wang is the holder of 100% of the ordinary shares of Thriving Riches Limited (the "Call Option Shares").
- [F2]Mr. Wang has granted Feng Wu an option to purchase up to 100% of the Call Option Shares at a price of $0.0001 per share upon certain conditions being met, in two tranches of 50% each. Such conditions are as follows: (i) Chongqing Jiafu Health Industry Co., Ltd. and its subsidiaries achieving after-tax net income of at least US$2 million as determined under US GAAP for the fiscal year ended June 30, 2011, and (ii) Chongqing Jiafu Health Industry Co., Ltd. and its subsidiaries achieving after-tax net income of at least US$4 million as determined under US GAAP for the fiscal year ended June 30, 2012. Mr. Wang has also granted Mr. Wu the exclusive, immediate and irrevocable right to vote and dispose of the Call Option Shares and to appoint and elect the directors of Thriving Riches Limited.