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Filing Details

Accession Number:: 0001437749-10-001170
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-04-21 13:00:00
Reporting Period:: 2009-04-21

Filing Date:: 2010-04-21
Accepted Time:: 2010-04-21 21:35:24
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1081834	Uonlive Corp	UOLI	Radio Broadcasting Stations (4832)	870629754

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1440259	Samuel Man Sin Tsun	5/F Guangdong Finance Building 88 Connaught Road West Hong Kong PRC	Chairman & Ceo	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2009-04-21	5,000,000	$0.00	95,000,000	No	4	S	Indirect	Shares owned by Dragon Ace Global Limited, which is 80% owned by Reporting Person
Common Stock	Acquisiton	2009-09-23	250,000	$0.00	950,000	No	4	J	Indirect	Shares owned by Dragon Ace Global Limited, which is 80% owned by Reporting Person

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	Shares owned by Dragon Ace Global Limited, which is 80% owned by Reporting Person
No	4	J	Indirect	Shares owned by Dragon Ace Global Limited, which is 80% owned by Reporting Person

Footnotes

Upon closing of a share exchange transaction on March 28, 2008, Mr. Tsun and Dragon Ace Global acquired beneficial ownership of 75,000,000 shares of Uonlive Corporation's (f/k/a China World Trade) common stock and 250,000 shares of Series A Convertible Preferred Stock. Each share of Series A Convertible Preferred Stock was originally convertible into one hundred shares of common stock and became convertible into one share of common stock upon the consummation of the reverse stock split on September 23, 2009. The ratio for the reverse stock split was 1:100. The authorized capital of Uonlive remained at 200,000,000 shares, so that there were sufficient authorized shares to permit conversion of the Series A Convertible Preferred Stock after the reverse split.
As mentioned above, Uonlive Corporation consummated a 1:100 reverse stock split effective September 23, 2009, which reduced the number of issued and outstanding shares of common stock to a current figure of 1,996,355 and also reduced the conversion ratio of the Series A Convertible Preferred Stock from 1:100 to 1:1 pursuant to the terms of its certificate of designation. The reverse stock split did not affect the authorized shares of Common Stock of Uonlive, which remain at 200,000,000 shares. As a result, Mr. Tsun became the beneficial owner through Dragon Ace Global of 250,000 shares of Series A Convertible Preferred Stock, which are convertible into 250,000 shares of common stock. Since Dragon Ace Global owns 700,000 shares of Common Stock post split and 250,000 shares of Series A Convertible Preferred Stock, Mr. Tsun and Dragon Ace Global would therefore be the beneficial owners of 950,000 shares of Common Stock.