-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DckcICUNfY8O8ZS9+w5sCsvbPspp+L7jUC/zGHUzz8y2j4coZFwVAoJp18+MU/an dOeC/mtWC497kPft2k+zyA== 0001264931-07-000147.txt : 20070330 0001264931-07-000147.hdr.sgml : 20070330 20070330152738 ACCESSION NUMBER: 0001264931-07-000147 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070330 DATE AS OF CHANGE: 20070330 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CHINA DIGITAL MEDIA CORP CENTRAL INDEX KEY: 0000821524 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 133422912 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-61993 FILM NUMBER: 07732427 BUSINESS ADDRESS: STREET 1: 2505-06, 25/F, STELUX HOUSE, STREET 2: 698 PRINCE EDWARD ROAD EAST, KOWLOON CITY: HONG KONG STATE: F4 ZIP: 510000 BUSINESS PHONE: 852-2390-8688 MAIL ADDRESS: STREET 1: 2505-06, 25/F, STELUX HOUSE, STREET 2: 698 PRINCE EDWARD ROAD EAST, KOWLOON CITY: HONG KONG STATE: F4 ZIP: 510000 FORMER COMPANY: FORMER CONFORMED NAME: HAIRMAX INTERNATIONAL INC DATE OF NAME CHANGE: 20030807 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL BEAUTY CORP DATE OF NAME CHANGE: 20011010 FORMER COMPANY: FORMER CONFORMED NAME: BEAUTYMERCHANT COM INC DATE OF NAME CHANGE: 19991029 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CHINA DIGITAL MEDIA CORP CENTRAL INDEX KEY: 0000821524 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 133422912 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 2505-06, 25/F, STELUX HOUSE, STREET 2: 698 PRINCE EDWARD ROAD EAST, KOWLOON CITY: HONG KONG STATE: F4 ZIP: 510000 BUSINESS PHONE: 852-2390-8688 MAIL ADDRESS: STREET 1: 2505-06, 25/F, STELUX HOUSE, STREET 2: 698 PRINCE EDWARD ROAD EAST, KOWLOON CITY: HONG KONG STATE: F4 ZIP: 510000 FORMER COMPANY: FORMER CONFORMED NAME: HAIRMAX INTERNATIONAL INC DATE OF NAME CHANGE: 20030807 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL BEAUTY CORP DATE OF NAME CHANGE: 20011010 FORMER COMPANY: FORMER CONFORMED NAME: BEAUTYMERCHANT COM INC DATE OF NAME CHANGE: 19991029 SC 13D 1 formsc13d.htm CDGT SC 13D 03/30/2007 CDGT SC 13D 03/30/2007

 


SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 


SCHEDULE 13D
(Rule 13d-1)
 

 
CHINA DIGITAL MEDIA CORPORATION
(Name of Issuer)
 

 
Common Stock, $.001 par value
(Title of Class of Securities)

169382108
(CUSIP Number)

Daniel Ng, Chief Executive Officer
2505-06, 25/F, Stelux House, 698 Prince Edward Road East
Kowloon, Hong Kong SAR of the Peoples’ Republic of China
(011) 852-2390-8600
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

March 21, 2007
(Date of Event Which Requires Filing of This Statement)
 

 
 
 



 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box.

1
 
NAMES OF REPORTING PERSONS
IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ng Chi Shing
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP        (a)
                                                                                                                 (b)
3
SEC USE ONLY
4
 
SOURCE OF FUNDS
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)  
6
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Hong Kong SAR of the Peoples’ Republic of China
 
7
SOLE VOTING POWER 24,413,940
8
SHARED VOTING POWER 0
9
SOLE DISPOSITIVE POWER 24,413,940
10
SHARED DISPOSITIVE POWER 0
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
24,413,940
12
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
63.2%
 
14
 
TYPE OF REPORTING PERSON
IN

2

 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box.

1
 
NAMES OF REPORTING PERSONS
IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Chen Lu
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  (a)
                                                                                                           (b)
3
SEC USE ONLY
4
 
SOURCE OF FUNDS
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Hong Kong SAR of the Peoples’ Republic of China
 
7
SOLE VOTING POWER 8,211,060
8
SHARED VOTING POWER 0
9
SOLE DISPOSITIVE POWER 8,211,060
10
SHARED DISPOSITIVE POWER 0
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,211,060
12
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.2%
14
 
TYPE OF REPORTING PERSON
IN

3

 
Item 1. Security and Issuer.
 
    This Statement relates to shares of common stock, $.001 par value (the ”Common Stock”), of China Digital Media Corporation, a Nevada corporation (the “Issuer”), and shares of the Issuer’s Series A Convertible Preferred Stock (the “Convertible Preferred Stock”). The Convertible Preferred Stock is convertible into five shares of fully paid and nonassessable shares of Common Stock, and votes together with the Common Stock on all matters on an “as converted” basis. At present, there are 31,602,365 issued and outstanding shares of Common Stock, and a total of 500,000,000 authorized shares of Common Stock. In addition, at present there are 1,875,000 issued and outstanding shares of Convertible Preferred Stock, and a total of 40,000,000 authorized shares of Convertible Preferred Stock.
 
    The Reporting Persons are Ng Chi Shing, a citizen and resident of the Hong Kong SAR of the Peoples’ Republic of China (hereinafter, “Mr. Ng”), and Chen Lu, a citizen and resident of the Hong Kong SAR of the Peoples’ Republic of China (“Mr. Chen”).
 
    The Issuer’s principal executive offices are located at 2505-06, 25/F, Stelux House, 698 Prince Edward Road East, Kowloon, Hong Kong SAR of the Peoples’ Republic of China.
 
Item 2. Identity and Background.

 
a.
The names of the Reporting Persons are Mr. Ng and Mr. Chen.
 
b.         
The business address of Mr. Ng and Mr. Chen is 2505-06, 25/F, Stelux House, 698 Prince Edward Road East, Kowloon, Hong Kong.

 
c.
Mr. Ng’s principal business is acting as the Chairman and Chief Executive Officer of China Digital Media Corporation, and his principal business address is 2505-06, 25/F, Stelux House, 698 Prince Edward Road East, Kowloon, Hong Kong. Mr. Chen’s principal business is serving as a director of China Digital Media Corporation, and his principal business address is 2505-06, 25/F, Stelux House, 698 Prince Edward Road East, Kowloon, Hong Kong.

 
d.
During the past five years, neither Mr. Ng nor Mr. Chen has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 
e.
During the past five years, neither Mr. Ng nor Mr. Chen has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which proceeding either of them was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws, or finding any violation with respect to such laws.

f.          
Hong Kong SAR of the Peoples’ Republic of China.
 
4

 
Item 3. Source and Amount of Funds or Other Consideration.
 
    The securities were previously held by an entity owned by the reporting persons. There were no funds or other consideration used to consummate the transfer.

Item 4. Purpose of Transaction.
 
    The purposes of the transaction described herein was to place the ownership of the securities with the individual reporting persons. Mr. Ng will continue to be Chairman and Chief Executive Officer of the Issuer and Mr. Chen will continue to be a director of the issuer.
 
    Mr. Ng and Mr. Chen have voting power and investment power with respect to the shares of Common Stock and Convertible Preferred Stock owned of record by each person.
 
    Mr. Ng and Mr. Chen do not have any contracts, arrangements or understandings with respect to their voting of the securities held by them, nor do they have any contracts, arrangements or understandings with respect to their power to direct and cause the direction of the management and policies of the Issuer.
 
    Other than as heretofore described, neither Mr. Ng nor Mr. Chen has any plans or proposals which relate to or would result in any of the matters set forth in Items 4(a) through (j) of this Schedule.
 
Item 5. Interest in Securities of the Issuer.

a. At present, the Issuer has 31,602,365 shares of common stock and 1,875,000 shares of Series A preferred stock convertible into 9,375,000 shares of common stock, of which Mr. Ng holds 7,015,500 shares of common stock underlying 1,403,100 shares of convertible Series A preferred stock and 17,398,440 shares of common stock, and Mr. Chen holds 2,359,500 shares of common stock underlying 471,900 shares of convertible Series A preferred stock and 5,851,560 shares of common stock.
 
Mr. Ng and Mr. Chen beneficially own 32,625,000 combined votes. Mr. Ng and Mr. Chen disclaim any membership in a group within the meaning of Section 13(d)(3) of the Act.

b. The following table indicates the number of shares as to which Modern Delta has sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition.
 
5

 
 
Sole Voting Power
 
 
   
Name of Person
Number of Shares
Percent Outstanding
Ng Chi Shing
24,413,940
63.2%
Chen Lu
8,211,060
24.2%
     
 
Shared Voting Power
 
 
   
Name of Person
Number of Shares
Percent Outstanding
--
0
0%
 
   
 
Sole Dispositive Power
 
     
Name of Person
Number of Shares
Percent Outstanding
Ng Chi Shing
24,413,940
63.2%
 
Chen Lu
8,211,060
24.2%
     
 
Shared Dispositive Power
 
     
Name of Person
Number of Shares
Percent Outstanding
--
0
0%
 
 
c.
Not applicable.
 
d.
None.
 
e.
Not applicable.
 
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
 
    Refer to the discussion under Item 4, above, with respect to any contracts, arrangements, understandings or relationships among Mr. Ng and Mr. Chen and between such persons and any person with respect to any securities of the Issuer.

Item 7. Material to be Filed as Exhibits.
 
None.
 
6

 
SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


NG CHI SHING

By: /s/ Ng Chi Shing
Name: Ng Chi Shing

Date: March 30, 2007

CHEN LU

By: /s/ Chen Lu
Name: Chen Lu

Date: March 30, 2007

7

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