SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
Chief China Resources Ltd

(Last) (First) (Middle)
18 CHAOYANGMENWAI STREET
SUITE B710, FULL LINK PLAZA

(Street)
BEIJING F4 100020

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
05/04/2007
3. Issuer Name and Ticker or Trading Symbol
NATURAL HEALTH TRENDS CORP [ BHIP ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 297,902 D(1)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Series A Convertible Preferred Stock (2) (2) Common Stock 941,171 $1.7 D(1)
1. Name and Address of Reporting Person*
Chief China Resources Ltd

(Last) (First) (Middle)
18 CHAOYANGMENWAI STREET
SUITE B710, FULL LINK PLAZA

(Street)
BEIJING F4 100020

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Wang Ken

(Last) (First) (Middle)
ROOM 12B2, HANWEI BUILDING
GUANGHUA ROAD

(Street)
BEIJING F4 100004

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. Ken Wang, as general partner of Chief China Resources Ltd., beneficially owns the reported securities indirectly, but disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
2. The Series A Convertible Preferred Stock (the "Preferred Stock") is immediately convertible into Common Stock at a conversion rate of 1 share of Common Stock per each share of Preferred Stock. The Preferred Stock will automatically convert into Common Stock on the date that the average closing price of the Common Stock over a consecutive, trailing 6-month period, as reported on the Nasdaq Global Market, equals or exceeds $10.00 per share (as adjusted in certain events).
Remarks:
Ken Wang, General Partner of Chief China Resources Ltd. 05/14/2007
Ken Wang 05/14/2007
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.