Strauss Ronald Edward 4
4 · XcelMobility Inc. · Filed Sep 1, 2011
Insider Transaction Report
Form 4
Strauss Ronald Edward
Director
Transactions
- Other
Common Stock
2011-08-30+13,332,000→ 13,332,000 total(indirect: By Sheen Ventures Limited)
Footnotes (2)
- [F1]Received in exchange for shares of common stock of CC Mobility Limited, a company organized under the laws of Hong Kong ("CC Mobility"), in connection with the acquisition of CC Mobility's outstanding shares by the Issuer through a voluntary share exchange with the shareholders of CC Mobility (the "Selling Shareholders"), pursuant to a Share Exchange Agreement (the "Agreement"), by and among the Issuer, on the one hand, and Shenzhen CC Power Corporation, a company organized under the laws of the People's Republic of China, CC Mobility, and the Selling Shareholders, on the other hand.
- [F2]The shares are held by Sheen Ventures Limited, of which the reporting person is a director and the spouse of Guo Jie, who controls Sheen Ventures Limited. The Reporting Person disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein.