UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): ~~March~~April 163, 2009

GREATER CHINA MEDIA AND ENTERTAINMENT CORP.

(formerly AGA Resources, Inc.)

(Exact Name of Registrant as Specified in Charter)

Nevada

(State or Other Jurisdiction of Incorporation)

000-51781

(Commission File Number)

N/A

(I.R.S. Employer Identification No.)

9th Floor, Merrill Lynch Tower, Ji2 GongTiDong Road, Beijing,

China 100027

(Address of Principal Executive Offices) (Zip Code)

86-10-5921-2222

(Registrant's Telephone Number, Including Area Code)

This Current Report on Form 8-K is filed by Greater China Media and Entertainment Corp., a Nevada corporation (the “Registrant”), in connection with the item set forth below.

~~ITEM~~Item 5.02 Departure of Directors or ~~Principal~~Certain Officers; Election of Directors; Appointment of ~~Principal~~ Certain Officers; Compensatory Arrangements of CertainOfficers.

On March 11 30, 2009, ~~the~~The ~~Registrant~~Board ~~announced~~of Directors ~~the~~of ~~appointment~~Greater ofChina MrMedia and Entertainment Corp. ~~Liu,~~(the ~~XiaoLin~~"Company") asadopted ~~Chairman~~the ofGreater ~~the~~China ~~board~~Media ofand ~~director.~~Entertainment MrCorp. ~~Liu,~~2009 ~~XiaoLin~~Stock isIncentive Plan (the "Incentive ~~director~~Plan"). Stockholders of the Company holding a majority of the Company's voting securities approved the Incentive Plan by written consent in lieu of a meeting on March 30, 2009.

~~Mr.~~The ~~Liu,~~purpose ~~45,~~of ~~has~~the ~~over~~Incentive 12Plan ~~years~~is ~~of on~~to ~~hand~~continue ~~business~~to ~~experience~~further in the ~~film~~growth ~~industry~~and indevelopment ~~the People's Republic~~ of ~~China (PRC). He~~ ~~graduated~~the ~~from~~Company ~~ZhongHua~~by ~~Shehui~~affording ~~University,~~an ~~majoring~~opportunity infor ~~cinematic.~~stock Heownership ~~served~~to asselected ~~co-director~~employees, ~~vice~~consultants ~~director,~~and ~~general planner,~~directors ~~distributor~~of ~~for~~the ~~films,~~Company ~~commercial~~and ~~shows~~its ~~and~~affiliates TVwho ~~serials.~~are Heresponsible ~~was~~for ~~general~~the ~~manager~~conduct and ~~for~~management ~~China~~of ~~HaiNan~~its ~~Asian~~business ~~Vision~~or ~~International~~who ~~Advertisement~~are ~~Company~~involved in ~~1989.~~endeavors ~~He was~~significant ~~the~~to ~~producer~~its success. The ~~for~~Incentive ~~HuaYi~~Plan ~~Brother~~is ~~TaiHe~~also ~~Film~~intended ~~Investment~~to ~~Corp.,~~(a) ~~one~~assist of the ~~largest~~Company ~~private film company~~ in ~~China~~attracting ~~since~~new ~~1998.~~employees, Heconsultants ~~served~~and asdirectors ~~a director~~ and retaining ~~CEO~~existing ~~for~~employees, ~~several~~consultants ~~film~~and ~~entertainment~~directors, ~~investment~~(b) ~~companies.~~encourage Hegrowth ~~has~~of ~~been~~ the ~~Vice~~ ~~President~~Company ~~for~~through ~~China~~incentives ~~Baoli~~that ~~HuaYi~~are ~~Media~~consistent ~~and~~with ~~Entertainment~~the ~~Corp.~~Company's goals, ~~and the executive~~(c) ~~director~~provide incentives for ~~HuaYi~~individual ~~Alliance~~performance ~~Media~~and ~~Investment~~(d) ~~Company since~~promote ~~2004~~teamwork.

~~The Registrant~~Upon ~~discloses~~adoption ~~that~~of ~~there~~the ~~are~~Incentive noPlan, The ~~transactions~~Board ~~since~~of Directors will administer the ~~beginning~~Incentive Plan. The Board of Directors ~~its~~has the full and exclusive right to grant and determine terms and ~~last~~conditions ~~fiscal~~of ~~year,~~all orawards ~~any~~granted ~~currently~~under ~~proposed~~the ~~transaction~~Incentive Plan and to prescribe, amend inand ~~which~~rescind rules and regulations for administration of the ~~Registrant~~Incentive ~~was~~Plan. The orBoard isof Directors may from time to betime ain ~~participant~~its discretion determine which of the eligible employees, consultants and directors of the Company ~~amount~~or ~~involved~~its ~~exceeds~~affiliates should receive awards, the ~~lesser~~type of awards to be ~~$120~~granted,~~000~~ orand, ~~one~~as ~~percent~~applicable, the number of shares of common stock subject to the awards, ~~average~~the ofgrant dates, the ~~Registrant’s~~exercise ~~total~~or ~~assets~~purchase ~~at year-end~~price for shares subject to the ~~last~~awards, ~~three~~the ~~completed~~vesting ~~fiscal~~conditions ~~years,~~and duration of the awards and inthe restrictions ~~which~~applicable ~~Mr.~~to ~~Liu~~each ~~had~~grant orof shares of common stock pursuant to the ~~will~~awards. Each ~~have~~award awill ~~direct~~be orevidenced ~~indirect~~by ~~material~~an ~~interest~~award agreement.

OnThe ~~March~~Board of Directors may grant stock 11options, ~~2009,~~stock ~~Jake~~appreciation ~~Wei~~rights, ~~Director~~restricted ~~and~~stock, ~~Chairman~~bonus ~~resigned~~stock ~~from~~or ~~these~~other stock-based ~~positions~~awards ~~with~~under the Incentive Plan. The Board of Directors has reserved a total of 6,000,000 shares of the Company's common stock for issuance under the Incentive Plan. Shares of common stock subject to awards granted under the Incentive Plan that are cancelled, expire or are forfeited are available for re-grant under the Incentive Plan.

~~SIGNATURES~~The Board of Directors may at any time and from time to time alter, amend, suspend or terminate the Incentive Plan or any part thereof as it may deem proper, except that no such action shall diminish or impair the rights under an award previously granted. Unless the Company's stockholders shall have given their approval, The Board of Directors may not amend the Incentive Plan to (a) increase the maximum aggregate number of shares that may be issued under the Incentive Plan, (b) increase the maximum number of shares that may be issued under the Incentive Plan through ISOs, (c) change the class of individuals eligible to receive awards under the Incentive Plan or (d) make any other change that would require stockholder approval under any applicable law.

~~Pursuant to~~As ~~the requirements~~ of the ~~Securities~~date ~~Exchange Act~~ of ~~1934,~~this asCurrent ~~amended, the~~Report ~~Registrant~~on ~~has~~Form ~~duly~~8-K, ~~caused~~no ~~this~~awards ~~report~~have tobeen begranted ~~signed~~under ~~on its behalf by~~ the ~~undersigned~~ ~~hereunto~~Incentive ~~duly authorized~~Plan.

	GREATER CHINA MEDIA AND ENTERTAINMENT CORP
Date: March 16, 2009	By:	/s/ Liu, XiaoLin
		Liu, XiaoLin
		Title: CEO and Chairman

The description of the Incentive Plan set forth above is qualified in its entirety by reference to the full text of Incentive Plan, a copy of which is attached to this Current Report on Form 8-K as Exhibit 10.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No. Exhibit Title

10.1 Greater China Media and Entertainment Corp. 2009 Incentive Plan

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Greater China Media and Entertainment Corp.

Date: April 3, 2009	By:	/s/ Liu, XiaoLin
		Liu, XiaoLin
		President

Filing Compare · GREATER CHINA MEDIA & ENTERTAINMENT CORP. (formerly AGA Resources, Inc.)