RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2012

Loans from Shareholders/Officers

As of March 31, 2012, the officer, Mr. Baoguo Jiang, have loaned $84,370 to the Company to setting up and continue operating the corporation and business.

The loan was for the company’s operation purpose without interest charge, the loan may be requested to pay off as long as the Company can generate sufficient cash flows.

Common Shares Issued to Executive and Non-Executive Officers and Directors

As of March 31, 2012, total 37,800,000 shares were issued to officers and directors. Please see the Table below for details:

Name	Title	Share QTY		Date	% of Common Share
Baoguo Jiang	CEO		27,800,000	8/12/08		58.80	%
Zhanmin Gao	Secretary		5,000,000	12/1/08		10.58	%
Zhongming Wang	Vice President		5,000,000	12/1/08		10.58	%
TOTAL			37,800,000			79.95	%

- Definition

The entire disclosure for related party transactions, including the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

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Reference 4: http://www.xbrl.org/2003/role/presentationRef

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Reference 8: http://www.xbrl.org/2003/role/presentationRef

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+ Details

YABOO INC 10-Q