X0303 4 2008-12-22 1 0001117057 American Lorain CORP [ALRC.OB] 0001398359 AKAZAWA HISASHI #301 TAKESHIRODAI 1-1-3 MINAMI-KU SAKAI- SHI OSAKA, MO F4 590-0105 CHINA 0 0 1 0 Common Stock 2008-12-22 4 O 0 14676815 0 D 1631057 D Common Stock 2008-12-22 4 S 0 1631057 0 D 0 D Option (right to sell) 2.83 2008-12-22 4 O 0 14676815 0 D 2007-05-03 2014-05-03 Common Stock 14676815 0 D Pursuant to an Option Agreement between the Reporting Person and Mr. Si Chen, dated May 3, 2007, the Reporting Person granted an option to Mr. Chen to purchase 627,897 shares of the Issuer's Series B Voting Convertible Preferred Stock held by the Reporting Person along with any shares of Common Stock that such Series B Voting Convertible Preferred Stock may be converted into. On July 17, 2007, the shares of Series B Voting Convertible Preferred Stock automatically converted on the basis of 767.635 shares of Common Stock for each one share of Series B Voting Convertible Preferred Stock and all shares of Common Stock were subsequently subject to a 1-for-32.84 reverse split by the Issuer. Payment of the exercise price was waived. /s/ Hisashi Akazawa 2008-12-23