Loan to a related party

9 Months Ended

Sep. 30, 2011

Loan to a related party

8. Loan to a related party

The loan is due from Shenzhen Oumeng Sound Investment Co., Ltd. 深圳市歐萌尚德投資有限公司, of which the Company’s director Ms. Xiaoyin Luo is a minority stockholder and director. It is unsecured, interest-bearing at 9% per annum and fully repayable on June 21, 2012. The loan of $161,389 was repaid to the company during the nine months ended September 30, 2011.