Providing investors with the
tools to make informed decisions.
Providing investors with the
tools to make informed decisions.
 Tracking 1053 U.S. listed China Stocks and Counting...
 Tracking 1536 U.S. Stocks and Counting...

 Uan Cultural & Creative (OTC BB:UCCC)

Thursday, October 21, 2010

The Company has initiated an “off-shore” private offering of its common stock to investors who qualify as “Non U.S. Persons” under Regulation S of the Securities Act of 1933. The offering is for 50,000,000 shares at a price of $0.02 per share which if consummated in full would generate gross proceeds to the Company of $1,000,000.

On October 19, 2010, the Company’s directors and/or executive officers, each of whom is an existing stockholder of the Company, acquired 24,500,000 shares of the Company’s common stock for $0.02 per share generating gross proceeds to the Company of $492,000. If the private offering is consummated in full, the number of shares of common stock which would be issued in the offering would approximate 58% of the Company’s common stock then outstanding. Because the Company’s existing stockholders are purchasing shares in the offering, the Company does not anticipate that a change in control of the Company will occur.