X0201 3 2004-03-25 0 0000857073 PROCESS EQUIPMENT INC PEQ.OB 0001285636 WANG LI LILLIAN 2500 PIERRE DUPUY SUITE 509 MONTREAL CANADA H3C 4L1 1 0 1 0 Common Stock, par value $.001 per share 18164733 I Through holding company Warrants to purchase Common Stock, par value $.001 per share 0.00 2004-03-25 Common Stock, par value $.001 per share 5757485 D The securities are held by Red Coral Limited, a BVI company, of which the reporting person is a director and 25% owner. No expiration date /s/ Lillian Wang Li 2004-04-02