On March 24, 2011, the holder of a majority of the shares of common stock of China Shandong Industries approved a forward split of such shares by a ratio of 5 for 1. The Company filed the certificate of amendment to its certificate of incorporation effectuating the Forward Split on March 25, 2011. The Forward Split will become effective on or about April 12, 2011.
On December 22, 2010, the holder of a majority of the shares of common stock of China Shandong Industries approved a reverse split of such shares with a ratio of 1-for-1.5, which will become effective on January 18, 2011. To the extent any fractional shares of common stock result from the Reverse Split, the Company will round up any fraction of a share to the nearest whole share.