X0203 3 2010-12-31 0 0001367898 USChina Channel Inc USCC 0001088787 China Direct Industries, Inc. 431 FAIRWAY DRIVE SUITE 200 DEERFIELD BEACH FL 33441 0 0 1 0 0001448788 China Direct Investments, Inc. 431 FAIRWAY DRIVE, SUITE 200 DEERFIELD BEACH FL 33441 0 0 1 0 0001471069 Capital One Resource Co., Ltd. ROOM 804, SINO CENTRE, 582-592 NATHAN RD HONG KONG K3 852 HONG KONG 0 0 1 0 Common Stock 5498818 I Held by subsidiaries of Reporting Person. 3,128,471 shares are owned directly by China Direct Investments, Inc.; 1,185,174 shares by CDI Shanghai Management Co.; and 1,185,173 shares owned by Capital One Resource Co., Ltd., all of which are subsidiaries of China Direct Industries, Inc. China Direct Industries, Inc. is the indirect beneficial owner of the reported securities. /s/ Yuejian (James) Wang 2011-01-18