Fangguan Electronic (0001421527)

WEB NEWS

Tuesday, November 23, 2010

Form 10 RTO
On April 21, 2010, SRKP 20, Inc., a Delaware corporation, entered into a Share Exchange Agreement with Immense Fortune Holdings Limited, a British Virgin Islands corporation, Legend Media Holdings HK Limited, a Hong Kong corporation and wholly-owned subsidiary of Immense Fortune, Feigeda Electronic (SZ) Co., Ltd., a company organized under the laws of the People’s Republic of China and a wholly-owned subsidiary of Legend (“Feigeda”), Fangguan Electronic (CC) Co., Ltd., a company organized under the laws of the People’s Republic of China and a wholly-owned subsidiary of Feigeda, and Finest Day Limited, a British Virgin Islands corporation and sole share holder of Immense Fortune. Pursuant to the agreement, the Company agreed to issue an aggregate of 16,896,507 shares of its common stock to the Shareholder and/or its designees in exchange for 100% of the share capital of Immense Fortune.


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