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GULF RESOURCES, INC. — Director's Dealing 2007
Feb 13, 2007
35305_dirs_2007-02-13_5c41e4ca-017f-4ba8-a464-8d3a343fd100.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: DIVERSIFAX INC (DSFX)
CIK: 0000885462
Period of Report: 2007-02-05
Reporting Person: Yang Ming (Director, Chairman and CEO, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2007-02-05 | Common Stock | J | 8249465 | — | Acquired | 13273865 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 5024400 | Direct |
Footnotes
F1: On February 5, 2007, the Issuer entered into a Share Exchange Agreement with Upper Class Group Limited ("UCG"), Shouguang
City Haoyuan Chemical Company Limited, ("SCHC"), Shouguang Yuxin Chemical Industry Company Limited ("SYCI"), and Shandong
Haoyuan Industry Group Ltd. ("SHIG") and Wenxiang Yu, the shareholders of SYCI (the "SYCI Shareholders") (the "Share
Exchange Agreement"). Under the Share Exchange Agreement, in exchange for their shares in SYCI, the SYCI Shareholders
received 16,188,118 newly issued shares of the Issuer's common stock, which were divided proportionally among the SYCI
Shareholders in accordance with their respective ownership interests in SYCI immediately before the closing of the Share
Exchange Agreement. SHIG acquired 8,249,465 shares of common stock of the Issuer in exchange for its ownership interest in
SYCI.
F2: These securities were acquired and are held by SHIG. The Reporting Person is an executive officer, director and the
shareholder of SHIG. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his
pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of
beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
F3: 8,249,465 of the 13,273,865 shares were acquired and are held by SHIG.