DUE TO SHAREHOLDERS

12 Months Ended

Dec. 31, 2012

DUE TO SHAREHOLDERS [Text Block]

Note 6 - DUE TO SHAREHOLDERS

Due to shareholders consists of the following:

		December 31,		December 31,
		2012		2011
Li, Yukun	$	27,282	$	26,960
Li, Guomin		338,514		300,828
Zhou, Qingwei		1,923		1,923
Xiao, Bing		89,893		51,263
	$	457,612	$	380,974

Guomin Li has been a shareholder of Hongbo since November 2006. Guomin Li was also the Company’s President, Chief Executive Officer, Chief Financial Officer, Principal Accounting Officer and Director before February 22, 2010. Qingwei Zhou has been a shareholder of Chang-On since September 2006. Under the Agreement for the Share Exchange on December 29, 2006, Guomin Li and Qingwei Zhou acquired 17,400,000 and 36,600,000 shares of the Company, respectively.

On February 22, 2010, Guomin Li sold 10,000,000 shares of the Company to Bing Xiao who also took over Guomin Li’s positions as the Company’s President, Chief Executive Officer, Chief Financial Officer, Principal Accounting Officer and Director.