Organization and Business Operations

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Organization and Business Operations

NOTE 1—ORGANIZATION AND BUSINESS OPERATIONS

UAN Cultural & Creative Co., Ltd. (formerly named Good Harbor Partners Acquisition Corp.) (the “Company”) was incorporated in Delaware on August 10, 2005 to serve as a vehicle to effect a merger, capital stock exchange, asset acquisition or other similar business combination with an operating business in the security industry. The registration statement for the Company’s initial public offering (the “Offering”) was declared effective on March 8, 2006. The net proceeds of the offering were segregated in a trust account and the Company was obligated to return the segregated funds to the investors in the event it did not complete a business combination within 18 months (24 months, under certain circumstances). On November 15, 2007, the Company announced the termination of its previously announced letters of intent for business combinations in the security industry. Because the Company had not completed any business combination within the required time period, the Company liquidated the segregated funds held in the trust account, returned the funds to the investors, redeemed the Class B Common Stock the investors acquired in the Offering and reconstituted the Company as an ongoing business corporation. As a result of the foregoing, the Company became a public shell company.

On June 30, 2010, a change of control of the Company occurred when eight purchasers acquired an aggregate of approximately 95.6% of the outstanding voting Common Stock of the Company. In connection with these transactions, the Company’s Board of Directors was reconstituted, and the Company initiated a new business plan involving the sale and appraisal of authentic and high quality works of art, primarily paintings, initially in Taiwan.