Attached files
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| EX-10.1 - China Energy CORP | v169401_ex10-1.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date of
Report (Date of earliest event reported): December 14, 2009
CHINA ENERGY
CORPORATION
(Exact
Name of Registrant as Specified in Charter)
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Nevada
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000-52409
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98-0522950
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(State
or Other Jurisdiction of Incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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No.
57 Xinhua East Street
Hohhot,
Inner Mongolia, People’s Republic of China
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(Address
of Principal Executive Offices and Zip
Code)
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Registrant’s
telephone number, including area code: +86-0471-466-8870
(Former Name or Former Address, if Changed Since Last Report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Mr. Fu
Xu, the Chief Financial Officer of China Energy Corporation (the “Company”),
submitted his resignation effective as of December 14, 2009. There
were no disagreements between Mr. Xu and the Company on any matter relating to
the Company’s operations, policies or practices, which resulted in his
resignation.
On
December 14, 2009, the Board of Directors of the Company appointed Alex (Yuan)
Gong as the Chief Financial Officer of the Company. Mr. Gong’s
services as CFO are being provided to the Company pursuant a two-year agreement
between the Company and Jessie International Inc. (“JII”) dated December 14,
2009. The Company will pay JII a monthly fee of RMB 30,000 for the
services of Mr. Gong. Mr. Gong has served as a partner at JII since
March 2008. Mr. Gong served as Board Secretary and Director of Investor
Relations for Xinyuan Real Estate Co., Ltd. from 2007 to 2008. Prior to that, he
served as an Assistant to the Chief Executive Officer with SPG Land (Holdings)
Limited, where he worked on financing of real estate projects and investor
relations. Mr. Gong was a Research Analyst with Morgan Stanley Asia from 2005 to
2007. Mr. Gong received his Bachelor of Arts from Beijing University
in 1997 and a Master of Business Administration from University of Delaware in
2003.
Mr. Gong
has no family relationships with any of the executive officers or directors of
the Company. There have been no transactions in the past two years to
which the Company or any of its subsidiaries was or is to be a party, in which
Mr. Gong had, or will have, a direct or indirect material
interest.
Item
8.01 Other Events.
The
Company had previously disclosed that it had entered into a Framework Contract
to comply with, and be enforceable under, applicable PRC law whereby the Company
would form an indirect subsidiary incorporated in the PRC which would in turn
enter into a series of contractual arrangements by the end of the calendar year
with certain PRC shareholders holding equity interests in the companies which
operate the business of the Company. The Company now intends to enter into such
agreements by the end of the first quarter of 2010.
Item 9.01. Financial Statements and
Exhibits.
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(c)
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Exhibits
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10.1
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CFO
Employment Agreement dated as of December 14, 2009 between the Company and
Jessie International Inc.
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2
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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Dated: December
17, 2009
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CHINA
ENERGY CORPORATION
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By:
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/s/ WenXiang
Ding
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Name:
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WenXiang
Ding
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Title:
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President,
Chief Executive Officer
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