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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM SB-2
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

CHINA SOARING INC.
(Name of small business issuer in its charter)

Nevada   8741  
(State or Other Jurisdiction of   (Primary Standard Industrial  
Organization)   Classification Code)  

China Soaring Inc.     CORPORATION TRUST COMPANY OF NEVADA  
Zhao Bei Shao Qu     6100 Neil Road, Suite 500  
Zhao Shang Lu     Reno, Nevada 89511  
Building 32, Room 601     (775) 688-3061  
Shenzhen, Shekou, China 518067      
(86) 135-101-99293      
(Address and telephone number of registrant's     (Name, address and telephone number of agent for  
executive office)     service)  
    Copies to:  
    Conrad C. Lysiak, Esq.  
    601 West First Avenue, Suite 903  
    Spokane, Washington 99201  
    (509) 624-1475  

APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC: As soon as practicable after the effective date of this Registration Statement.

If any of the securities being registered on this form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, as amended (the Securities Act check the following box. [X]

If this Form is filed to register additional common stock for an offering under Rule 462(b) of the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [  ]

If this Form is a post-effective amendment filed under Rule 462(c) of the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [  ]

If this Form is a post-effective amendment filed under Rule 462(d) of the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [  ]

If delivery of the prospectus is expected to be made under Rule 434, please check the following box. [  ]

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CALCULATION OF REGISTRATION FEE

Securities to be   Amount To Be   Offering Price Per   Aggregate Offering   Registration Fee
  Registered   Registered     Share     Price     [ 1 ]
 
Common Stock:   3,000,000               $               0.05             $       150,000   $   16.06
 
[ 1 ]   Estimated solely for purposes of calculating the registration fee under Rule 457.    

REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT SHALL FILE A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THIS REGISTRATION STATEMENT SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(a) OF THE SECURITIES ACT OF 1933, OR UNTIL THE REGISTRATION STATEMENT SHALL BECOME EFFECTIVE ON DATES AS THE COMMISSION, ACTING UNDER SAID SECTION 8(a), MAY DETERMINE.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Prospectus

China Soaring Inc.
Shares of Common Stock
1,500,000 minimum - 3,000,000 Maximum

      Before this offering, there has been no public market for the common stock. In the event that we sell at least the minimum number of shares in this offering, of which there is no assurance, we intend to have the shares of common stock quoted on the Bulletin Board operated by the National Association of Securities Dealers, Inc. There is, however, no assurance that the shares will ever be quoted on the Bulletin Board.

      We are offering up to a total of 3,000,000 shares of common stock in a direct public offering, without any involvement of underwriters or broker-dealers, 1,500,000 shares minimum, 3,000,000 shares maximum. The offering price is $0.05 per share. In the event that 1,500,000 shares are not sold within the 270 days, all money received by us will be promptly returned to you without interest or deduction of any kind. However, future actions by creditors in the subscription period could preclude or delay us in refunding your money. If at least 1,500,000 shares are sold within 270 days, all money received by us will be retained by us and there will be no refund. Funds will be held in a separate account at JPMorgan Chase Bank. Sold securities are deemed securities which have been paid for with collected funds prior to expiration of 270 days. Collected funds are deemed funds that have been paid by the drawee bank. The foregoing account is not an escrow, trust or similar account. It is merely a separate account under our control where we have segregated your funds. As a result, creditors could attach the funds.

      There are no minimum purchase requirements, and there are no arrangements to place the funds in an escrow, trust, or similar account.

     Our common stock will be sold on our behalf by our officers and directors. They will not receive any commissions or proceeds from the offering for selling shares on our behalf.

     Investing in our common stock involves risks. See "Risk Factors" starting at page 6.

    Offering Price     Expenses     Proceeds to Us  
 
Per Share - Minimum   $   0.05   $   0.020   $   0.030  
Per Share - Maximum   $   0.05   $   0.010   $   0.040  
Minimum   $   75,000   $   30,000   $   45,000  
Maximum   $   150,000   $   30,000   $   120,000  

      Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

     The date of this prospectus is                                             .

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TABLE OF CONTENTS
 
  Page No.  
 
Summary of Prospectus   5  
Risk Factors   6  
Use of Proceeds   8  
Determination of Offering Price   9  
Dilution of the Price You Pay for Your Shares   10  
Plan of Distribution; Terms of the Offering   12  
Business   15  
Management's Discussion and Analysis of Financial Condition or Plan of Operation   18  
Management   21  
Executive Compensation   23  
Principal Stockholders   24  
Description of Securities   26  
Certain Transactions   27  
Litigation   28  
Experts   28  
Legal Matters   28  
Financial Statements   28  

 

 

 

 

 

 

 

 

 

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SUMMARY OF OUR OFFERING

Our business

      We are a start-up stage company. We are a company without revenues or operations, we have minimal assets and have incurred losses since inception. We will offer advice to western companies seeking to advertise, promote or sell aircraft parts programs or aviation related materials to the China civil aviation market.

      Our principal executive office is located at Zhao Bei Shao Qu, Zhao Shang Lu, Building 32, Room 601, Shenzhen, Shekou, China 518067 and our telephone number is (86) 135 101 99293. Our registered agent for service of process is the Corporation Trust Company of Nevada, located at 6100 Neil Road, Suite 500, Reno, Nevada 89511. Our fiscal year end is August 31.

The offering

     Following is a brief summary of this offering:

Securities being offered     A minimum of 1,500,000 shares of common stock and a
    maximum of 3,000,000 shares of common stock, par value
    $ 0.00001
Offering price per share     $ 0.05
Offering period     The shares are being offered for a period not to exceed 270
    days.
Net proceeds to us     $45,000 assuming the minimum number of shares is sold.
    $120,000 assuming the maximum number of shares is sold.
Use of proceeds     We will use the proceeds to pay for administrative expenses,
    the implementation of our business plan and working capital.
Number of shares outstanding before      
the offering     13,000,000
Number of shares outstanding after the      
offering if all of the shares are sold     16,000,000

Selected financial data

      The following financial information summarizes the more complete historical financial information at the end of this prospectus.

 

 

 

 

 

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    As of August 31, 2007  
    (Audited)  
Balance Sheet        
Total Assets   $   19,996  
Total Liabilities   $   30,436  
Stockholders’ Equity (Deficit)   $   (10,440 )  
    Period from  
    June 26, 2007  
    (date of inception)  
    to August 31, 2007  
    (Audited)  
Income Statement        
Revenue   $   0  
Total Expenses   $   10,570  
Net Profit (Loss)   $   (10,570 )  


RISK FACTORS

     Please consider the following risk factors before deciding to invest in our common stock.

Risks associated with China Soaring Inc.

      1. Because our auditors have issued a going concern opinion and because our officers and directors will not loan any additional money to us, we have to complete this offering to commence operations. If we do not complete this offering, we will not start our operations.

      Our auditors have issued a going concern opinion. This means that there is doubt that we will be an ongoing business for the next twelve months. As of the date of this prospectus we have not commenced operations. Because our officers and directors are unwilling to loan or advance any additional capital to us, except to prepare and file reports with the SEC, we will have to complete this offering in order to commence operations.

      2. We lack an operating history and have losses that we expect to continue into the future. There is no assurance our future operations will result in profitable revenues. If we cannot generate sufficient revenues to operate profitably, we may suspend or cease operations.

      We were incorporated on June 26, 2007 and we have not started our proposed business operations or realized any revenues. We have no operating history upon which an evaluation of our future success or failure can be made. Our net loss since inception is $10,570. Our ability to achieve and maintain profitability and positive cash flow is dependent upon:

*  completion of this offering
*  our ability to attract clients who will pay us for our consulting services.
*  our ability to generate revenues through the sale of our services

 

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      Based upon current plans, we expect to incur operating losses in future periods because we will be incurring expenses and not generating revenues. We cannot guarantee that we will be successful in generating revenues in the future. Failure to generate revenues will cause us to suspend or cease operations.

      3. We have no clients and we cannot guarantee we will ever have any. Even if we obtain clients, there is no assurance that we will make a profit.

      We have no clients. We have not identified any clients and we cannot guarantee we ever will have any. If we are unable to attract enough clients, we will have to suspend or cease operations.

      4. We are solely dependent upon the funds to be raised in this offering to start our business, the proceeds of which may be insufficient to achieve revenues. We may need to obtain additional financing which may not be available .

      We have not started our business. We need the proceeds from this offering to start our operations. If the minimum of $75,000 is raised, this amount will enable us, after paying the expenses of this offering, to open our office and begin promoting our services. We may need additional funds to complete further development of our business plan. There is no assurance that any additional financing will be available or if available on terms that will be acceptable to us.

      5. Because we are small and do not have much capital, we must limit marketing our services to potential clients. As a result, we may not be able to attract enough clients to operate profitably. If we do not make a profit, we may have to suspend or cease operations .

      Because we are small and do not have much capital, we must limit marketing our website to potential clients. The promotion of our services via our website is how we will initially generate revenues. Because we will be limiting our marketing activities, we may not be able to attract enough clients to buy our services to operate profitably. If we cannot operate profitably, we may have to suspend or cease operations.

      6. Because our sole officer and director will only be devoting limited time to our operations, our operations may be sporadic which may result in periodic interruptions or suspensions of operations. This activity could prevent us from attracting purveyors and clients and result in a lack of revenues that may cause us to suspend or cease operations.

      Our sole officer and director, Paul F. Manning, will only be devoting limited time to our operations. Paul F. Manning, our president and sole director will be devoting approximately 15 hours per week of his time to our operations. Because our sole officer and director will only be devoting limited time to our operations, our operations may be sporadic and occur at times which are convenient to our officers and directors. As a result, operations may be periodically interrupted or suspended which could result in a lack of revenues and a possible cessation of operations.

      7. Because our management does not have prior experience in the marketing services via the Internet, we may have to hire individuals or suspend or cease operations.

 

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      Because our management does not have prior experience in the marketing services via the Internet, we may have to hire additional experienced personnel to assist us with our operations. If we need the additional experienced personnel and we do not hire them, we could fail in our plan of operations and have to suspend operations or cease operations entirely.

      8. Because most of our assets and our sole officer and director are located outside the United States of America, it may be difficult for an investor to enforce within the United States any judgments obtained against us or any of our sole officer and director.

      Our sole officer and director, while a U.S. citizen, is located outside the United States, and our assets and most of his assets are located outside the United States. As a result, it may be difficult for you to effect service of process or enforce within the United States, any judgments obtained against us or our sole officer or director, including judgments predicated upon the civil liability provisions of the securities laws of the United States or any state thereof. In addition, it is unlikely that the courts of China and other jurisdictions would recognize or enforce judgments of United States courts obtained against us or our sole officer and director predicated upon the civil liability provisions of the securities laws of the United States or any state thereof, or be competent to hear original actions brought in China or other jurisdictions against us or our sole officer and director predicated upon the securities laws of the United States or any state thereof.

      9. Because there is no public trading market for our common stock, you may not be able to resell your stock .

      There is currently no public trading market for our common stock. Therefore there is no central place, such as stock exchange or electronic trading system, to resell your shares. If you do want to resell your shares, you will have to locate a buyer and negotiate your own sale.

      10. Because the SEC imposes additional sales practice requirements on brokers who deal in our shares that are penny stocks, some brokers may be unwilling to trade them. This means that you may have difficulty reselling your shares and this may cause the price of the shares to decline.

      Our shares would be classified as penny stocks and are covered by Section 15(g) of the Securities Exchange Act of 1934 and the rules promulgated thereunder which impose additional sales practice requirements on brokers/dealers who sell our securities in this offering or in the aftermarket. For sales of our securities, the broker/dealer must make a special suitability determination and receive from you a written agreement prior to making a sale for you. Because of the imposition of the foregoing additional sales practices, it is possible that brokers will not want to make a market in our shares. This could prevent you from reselling your shares and may cause the price of the shares to decline.

 
USE OF PROCEEDS

      Our offering is being made on a self-underwritten $75,000 minimum, $150,000 maximum basis. The table below sets forth the use of proceeds if $75,000 or $150,000 of the offering is sold.

 

 

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      $ 75,000   $ 150,000  
Gross proceeds   $   75,000   $   150,000  
Offering expenses   $   30,000   $   30,000  
Net proceeds   $   45,000   $   120,000  
 
  The net proceeds will be used as follows:        
 
Website development   $   10,000   $   15,000  
Marketing and advertising   $   12,500   $   32,500  
Establishing an office   $   5,000   $   5,000  
Salaries   $   0   $   35,000  
Audit, accounting and filing fees   $   7,000   $   7,000  
Attending industry trade shows   $   5,000   $   15,000  
Working capital   $   5,500   $   10,500  

      Total offering expenses are $30,000 comprised of $20,000 for legal fees; $7,983.94 for accounting and auditing fees; $500 for our transfer agent; $500 for printing; $16.06 for filing fee, and, $1,000 for state securities registrations.

      Upon the completion of this offering, we intend to immediately initiate the development of our website www.chinasoaring.com. We intend to hire an outside web designer to assist us in designing and building our website. We believe it will take approximately two months to create a workable website. We estimated cost to develop and maintain the website is $10,000 to $15,000.

      Marketing and advertising will be focused on promoting our website to prospective sellers of aircraft parts, programs and aviation related materials. In addition to our website, we intend to design and printing of various sales materials. The cost of developing the campaign is estimated to be between $12,500 and $32,500.

      We intend to establish an office for our operations and to maintain the website. This will include physical office space, computer equipment, telephones and other assets as required to maintain the operations.

      If we raise the maximum amount under this offering, we intend to pay salaries to either our sole officer, employees or outside consultants to assist our officer in managing our business. In addition, we intend to hire one or two sales employees to handle Internet transactions with our clients.

      Working capital is the cost related to operating our office. It is comprised of expenses for rent, telephone service, mail, stationary, accounting, acquisition of office equipment and supplies, expenses of filing reports with the SEC, travel, and general working capital.

 
DETERMINATION OF OFFERING PRICE

      The price of the shares we are offering was arbitrarily determined in order for us to raise up to a total of $150,000 in this offering. The offering price bears no relationship whatsoever to our assets, earnings, book value or other criteria of value. Among the factors considered were:

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      *      

our lack of operating history

*      

the proceeds to be raised by the offering

*      

the amount of capital to be contributed by purchasers in this offering in proportion to the amount of stock to be retained by our sole officer and director, and

*      

our relative cash requirements.

 
DILUTION OF THE PRICE YOU PAY FOR YOUR SHARES

      Dilution represents the difference between the offering price and the net tangible book value per share immediately after completion of this offering. Net tangible book value is the amount that results from subtracting total liabilities and intangible assets from total assets. Dilution arises mainly as a result of our arbitrary determination of the offering price of the shares being offered. Dilution of the value of the shares you purchase is also a result of the lower book value of the shares held by our existing stockholders.

      As of August 31, 2007, the net tangible book value of our shares of common stock was a deficit of $10,440 or $0.00 per share based upon 13,000,000 shares outstanding.

If 3,000,000 Shares Are Sold:

      Upon completion of this offering, in the event all of the shares are sold, the net tangible book value of the 16,000,000 shares to be outstanding will be $109,560 or approximately $0.01 per share. The net tangible book value of the shares held by our existing stockholders will be increased by $0.01 per share without any additional investment on their part. You will incur an immediate dilution from $0.05 per share to $0.01 per share.

      After completion of this offering, if 3,000,000 shares are sold, you will own approximately 18.75% of the total number of shares then outstanding for which you will have made a cash investment of $150,000, or $0.05 per share. Our existing stockholders will own approximately 81.25% of the total number of shares then outstanding, for which they have made contributions of cash totaling $130.00 or $0.00001 per share.

If 2,250,000 Shares Are Sold:

      Upon completion of this offering, in the event 2,250,000 shares are sold, the net tangible book value of the 15,250,000 shares to be outstanding will be $72,060 or approximately $0.00 per share. The net tangible book value of the shares held by our existing stockholders will be increased by $0.00 per share without any additional investment on their part. You will incur an immediate dilution from $0.05 per share to $0.00 per share.

      After completion of this offering, if 2,250,000 shares are sold, you will own approximately 14.75% of the total number of shares then outstanding for which you will have made a cash investment of $112,500, or $0.05 per share. Our existing stockholders will own approximately 85.25% of the total number of shares then outstanding, for which they have made contributions of cash totaling $130.00 or $0.00001 per share.

 

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If the 1,500,000 Shares Are Sold:

      Upon completion of this offering, in the event 1,500,000 of the shares are sold, the net tangible book value of the 14,500,000 shares to be outstanding will be $34,560 or approximately $0.00 per share. The net tangible book value of the shares held by our existing stockholders will be increased by $0.00 per share without any additional investment on their part. You will incur an immediate dilution from $0.05 per share to $0.00 per share.

      After completion of this offering, if 1,500,000 shares are sold, you will own approximately 10.34% of the total number of shares then outstanding for which you will have made a cash investment of $75,000, or $0.05 per share. Our existing stockholders will own approximately 89.66% of the total number of shares then outstanding, for which they have made contributions of cash totaling $130.00 or $0.00001 per share.

      The following table compares the differences of your investment in our shares with the investment of our existing stockholders.

Existing Stockholders if all Shares Sold      
 
        Price per share   $   0.05
        Net tangible book value per share before offering   $   0.00
        Potential gain to existing shareholders   $   120,000
        Net tangible book value per share after offering   $   109,560
        Increase to present stockholders in net tangible book value per share after offering   $   0.01
        Capital contributions   $   130
        Number of shares outstanding before the offering     13,000,000
        Number of shares after offering     16,000,000
        Percentage of ownership after offering     81.25 %
 
Purchasers of Shares in this Offering if 3,000,000 Shares are Sold      
 
        Price per share   $   0.05
        Dilution per share   $   0.04
        Capital contributions   $   150,000
        Number of shares after offering held by public investors     3,000,000
        Percentage of ownership after offering     18.75 %
 
Purchasers of Shares in this Offering if 2,250,000 Shares are Sold      
 
        Price per share   $   0.05
        Dilution per share   $   0.05
        Capital contributions   $   112,500
        Number of shares after offering held by public investors     2,250,000
        Percentage of ownership after offering     14.75 %

 

 

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Purchasers of Shares in this Offering if 50% of Shares Sold      
 
        Price per share   $   0.05
        Dilution per share   $   0.05
        Capital contributions   $   75,000
        Number of shares after offering held by public investors     1,500,000
        Percentage of ownership after offering     10.34 %

 
PLAN OF DISTRIBUTION; TERMS OF THE OFFERING

      We are offering 3,000,000 shares of common stock on a self-underwritten basis, 1,500,000 shares minimum, 3,000,000 shares maximum basis. The offering price is $0.05 per share. Funds from this offering will be placed in a separate bank account at JPMorgan Chase Bank. Its telephone number is (918) 293-4350. The funds will be maintained in the separate bank until we receive a minimum of $75,000 at which time we will remove those funds and use the same as set forth in the Use of Proceeds section of this prospectus. This account is not an escrow, trust or similar account. Your subscription will only be deposited in a separate bank account under our name. As a result, if we are sued for any reason and a judgment is rendered against us, your subscription could be seized in a garnishment proceeding and you could lose your investment, even if we fail to raise the minimum amount in this offering. As a result, there is no assurance that your funds will be returned to you if the minimum offering is not reached. Any funds received by us thereafter will immediately used by us. If we do not receive the minimum amount of $75,000 within 270 days of the effective date of our registration statement, all funds will be promptly returned to you without a deduction of any kind. During the 270 day period, no funds will be returned to you. You will only receive a refund of your subscription if we do not raise a minimum of $75,000 within the 270 day period referred to above. There are no finders involved in our distribution. Officers, directors, affiliates or anyone involved in marketing the shares will not be allowed to purchase shares in the offering. You will not have the right to withdraw your funds during the offering. You will only have the right to have your funds returned if we do not raise the minimum amount of the offering or there would be a change in the material terms of the offering. The following are material terms that would allow you to be entitled to a refund of your money:

      *      

extension of the offering period beyond 270 days;

*      

change in the offering price;

*      

change in the minimum sales requirement;

*      

change to allow sales to affiliates in order to meet the minimum sales requirement;

*      

change in the amount of proceeds necessary to release the proceeds held in the separate bank account; and,

      If the changes above occur, any new offering may be made by means of a post-effective amendment.

      We will sell the shares in this offering through our sole officer and director, Mr. Paul F. Manning. He will receive no commission from the sale of any shares. He will not register as a broker/dealer under Section 15 of the Securities Exchange Act of 1934 in reliance upon Rule 3a4-1. Rule 3a4-1 sets forth those conditions under which a person associated with an issuer may participate in the offering of the issuer's securities and not be deemed to be a broker/dealer. The conditions are that:

 
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      1. The person is not statutorily disqualified, as that term is defined in Section 3(a)(39) of the Act, at the time of his participation; and,

      2. The person is not compensated in connection with his participation by the payment of commissions or other remuneration based either directly or indirectly on transactions in securities;

      3. The person is not at the time of their participation, an associated person of a broker/dealer; and,

      4. The person meets the conditions of Paragraph (a)(4)(ii) of Rule 3a4-1 of the Exchange Act, in that he (A) primarily performs, or is intended primarily to perform at the end of the offering, substantial duties for or on behalf of the issuer otherwise than in connection with transactions in securities; and (B) is not a broker or dealer, or an associated person of a broker or dealer, within the preceding twelve (12) months; and (C) do not participate in selling and offering of securities for any issuer more than once every twelve (12) months other than in reliance on Paragraphs (a)(4)(i) or (a)(4)(iii).

      Paul F. Manning, is not statutorily disqualified, is not being compensated, and is not associated with a broker/dealer. He is and will continue to be our sole officer and director at the end of the offering and has not been during the last twelve months and is currently not a broker/dealer or associated with a broker/dealer. He has not during the last twelve months and will not in the next twelve months offer or sell securities for another corporation.

      We intend to advertise, through tombstones, and hold investment meetings in various states where the offering will be registered. We will not utilize the Internet to advertise our offering. We will also distribute the prospectus to potential investors at the meetings and to our friends and relatives who are interested in us and a possible investment in the offering.

      We intend to sell our shares in the states of New York, Illinois, Georgia, Wyoming, Colorado, and/or outside the United States of America.

Section 15(g) of the Exchange Act

      Our shares are covered by Section 15(g) of the Securities Exchange Act of 1934, as amended, and Rules 15g-1 through 15g-6 and Rule 15g-9 promulgated thereunder. They impose additional sales practice requirements on broker/dealers who sell our securities to persons other than established customers and accredited investors (generally institutions with assets in excess of $13,000,000 or individuals with net worth in excess of $1,000,000 or annual income exceeding $200,000 or $300,000 jointly with their spouses). While Section 15(g) and Rules 15g-1 through 15g-6 apply to brokers-dealers, they do not apply to us.

     Rule 15g-1 exempts a number of specific transactions from the scope of the penny stock rules.

      Rule 15g-2 declares unlawful broker/dealer transactions in penny stocks unless the broker/dealer has first provided to the customer a standardized disclosure document.

 

 

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      Rule 15g-3 provides that it is unlawful for a broker/dealer to engage in a penny stock transaction unless the broker/dealer first discloses and subsequently confirms to the customer current quotation prices or similar market information concerning the penny stock in question.

      Rule 15g-4 prohibits broker/dealers from completing penny stock transactions for a customer unless the broker/dealer first discloses to the customer the amount of compensation or other remuneration received as a result of the penny stock transaction.

      Rule 15g-5 requires that a broker/dealer executing a penny stock transaction, other than one exempt under Rule 15g-1, disclose to its customer, at the time of or prior to the transaction, information about the sales persons compensation.

      Rule 15g-6 requires broker/dealers selling penny stocks to provide their customers with monthly account statements.

      Rule 15g-9 requires broker/dealers to approve the transaction for the customer's account; obtain a written agreement from the customer setting forth the identity and quantity of the stock being purchased; obtain from the customer information regarding his investment experience; make a determination that the investment is suitable for the investor; deliver to the customer a written statement for the basis for the suitability determination; notify the customer of his rights and remedies in cases of fraud in penny stock transactions; and, the NASD's toll free telephone number and the central number of the North American Administrators Association, for information on the disciplinary history of broker/dealers and their associated persons. The application of the penny stock rules may affect your ability to resell your shares.

Offering Period and Expiration Date

      This offering will start on the date of this prospectus and continue for a period of up to 270 days.

Procedures for Subscribing

     If you decide to subscribe for any shares in this offering, you must

     1.      execute and deliver a subscription agreement
     2.      deliver a check or certified funds to us for acceptance or rejection.

     All checks for subscriptions must be made payable to China Soaring Inc.

Right to Reject Subscriptions

      We have the right to accept or reject subscriptions in whole or in part, for any reason or for no reason. All monies from rejected subscriptions will be returned immediately by us to the subscriber, without interest or deductions. Subscriptions for securities will be accepted or rejected within 48 hours after we receive them.

 

 

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BUSINESS

General

      We were incorporated in the State of Nevada on June 26, 2007. We have not started operations. We are developing a website (www.chinasoaring.com) that will offer consulting services to western companies seeking to advertise, promote or sell aircraft parts, programs, or aviation related materials to the china civil aviation market. We have not generated any revenues and the only operation we have engaged in is the development of a business plan. We maintain our statutory registered agent's office at 6100 Neil Road, Suite 500, Reno, Nevada 89511. Our business office is located at Zhao Bei Shao Qu, Zhao Shang Lu, Building 32, Room 601, Shenzhen, Shekou, China 518067 and our telephone number is (86) 135 101 99293.

      We have no plans to change our planned business activities or to combine with another business, and we are not aware of any events or circumstances that might cause these plans to change. We have not begun operations and will not begin operations until we have completed this offering. Our plan of operation is prospective and there is no assurance that we will ever begin operations. Our prospects for profitability are not favorable if you consider numerous Internet-based companies have failed to achieve profits with similar plans.

      We have not conducted any market research into the likelihood of success of our operations or the acceptance of our products or services by the public.

Our Strategy

      We intend to establish a consulting business providing services to western companies seeking to advertise, promote, or sell aircraft parts, programs, or aviation related materials to the China civil aviation market. At the outset, Mr. Maning will be responsible for providing these services. Mr. Manning has experience focusing on these issues. Further Mr. Manning’s general business skills provide the basis for successfully implementing our business plan. However, in the event that Mr. Manning does not believe that he is qualified to provide effective consulting services related to one or more issues, then we will hire another others who may provide such services.

      As of the date of this prospectus, we do not have any clientele under contract to the company nor have we commenced with provision of any management/consulting services.

Target Market

      We intend to target companies that produce aircraft parts, programs or aviation materials and are seeking to promote those products in China. In addition to our website, we intend to send printed materials to such companies as Cessna, New Piper Aircraft, Rolls Royce, McCreery, LeerJet, Goodyear, Rathyeon, Teledyne, Lycoming, Superior Airparts, Aviall, and others. We will rely upon Mr. Manning to initiate contacts with executives to attract clientele to us.

 

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Regulatory Requirements

      We do not need to pursue nor satisfy any special licensing or regulatory requirements before establishing or delivering our intended services other than requisite business licenses. If new government regulations, laws, or licensing requirements are passed that would cause us to restrict or eliminate delivery of any of our intended services, then our business would suffer. For example, if we were required to obtain a government issued license for the purpose of providing coaching and consulting services, then we could not guarantee that we would qualify for such license. If such a licensing requirement existed, and we were not able to qualify, then our business would suffer. Presently, to the best of our knowledge, no such regulations, laws, or licensing requirements exist or are likely to be implemented in the near future that would reasonably be expected to have a material impact on or sales, revenues, or income from our business operations.

Marketing

      Initially, our services will be promoted on our website and by Mr. Manning. He will discuss our services with previous contacts he has made. We also anticipate utilizing several other marketing activities in our attempt to make our services known to corporations and attract clientele. These marketing activities will be designed to inform potential clients about the benefits of using our services and will include the following: development and distribution of marketing literature; direct mail and email; advertising; promotion of our web site; and industry analyst relations.

Revenue

     Initially, we intend to generate revenue from three sources:

     1.    Term Fee - By charging a fee for a given terms;
     2.    Fixed Fee - By charging a fixed fee;
     3.    Hourly Fee - By charging an hourly fee for advisory services.

     We intend to develop and maintain a database of all our clients so that we can anticipate various needs and continuously build and expand our advisory services.

     There is no assurance that we will be able to interest any purveyors of aircraft related products.

Competition

     We compete with consulting managerial services We will not be differentiating our self from the foregoing, but merely compete with them. The managerial consulting market is a large fragmented market and may be difficult to penetrate. Our competitive position within the industry is negligible in light of the fact that we have not started our operations. Older, well-established aviation consulting firms with records of success currently attract customers. Since we have not started operations, we cannot compete with them on the basis of reputation. We do expect to compete with them on the basis of the range of advisory services and the quality of advisory services that we intend to provide. At this time, our principal method of competition will be through personal contact with potential clients with whom Mr. Manning has an existing relationship .

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      Paul F. Manning, our sole officer and director will be devoting approximately 15 hours a week of his time to our operations. Once we begin operations, and are able to attract more and more clients to use our advisory services, Mr. Manning has agreed to commit more time as required. Because Mr. Manning will only be devoting limited time to our operations, our operations may be sporadic and occur at times which are convenient to Mr. Manning. As a result, operations may be periodically interrupted or suspended which could result in a lack of revenues and a cessation of operations.

Insurance

      We do not maintain any insurance and do not intend to maintain insurance in the future. Because we do not have any insurance, if we are made a party to a liability action, we may not have sufficient funds to defend the litigation. If that occurs a judgment could be rendered against us that could cause us to cease operations.

Employees; Identification of Certain Significant Employees

      We are a development stage company and currently have no employees, other than our sole officer and director. We intend to hire additional employees on an as needed basis.

Offices

      Our offices are currently located at Zhao Bei Shao Qu, Zhao Shang Lu, Building 32, Room 601, Shenzhen, Shekou, China 518067 and our telephone number is (86) 135 101 99293. This is the home office of our President, Paul F. Manning. We do not pay any rent to Mr. Manning and there is no agreement to pay any rent in the future. Upon the completion of our offering, we intend to establish an office elsewhere. As of the date of this prospectus, we have not sought or selected a new office site.

Government Regulation

      We are not currently subject to direct Chinese, federal, state or local regulation other than regulations applicable to businesses generally or directly applicable to electronic commerce. However, the Internet is increasingly popular. As a result, it is possible that a number of laws and regulations may be adopted with respect to the Internet. These laws may cover issues such as user privacy, freedom of expression, pricing, content and quality of products and services, taxation, advertising, intellectual property rights and information security. Furthermore, the growth of electronic commerce may prompt calls for more stringent consumer protection laws. Several states have proposed legislation to limit the uses of personal user information gathered online or require online services to establish privacy policies.

      We are not certain how business may be affected by the application of existing laws governing issues such as property ownership, copyrights, encryption and other intellectual property issues, taxation, libel, obscenity and export or import matters. The vast majority of such laws were adopted prior to the advent of the Internet. As a result, they do not contemplate or address the unique issues of the Internet and related technologies. Changes in laws intended to address such issues could create uncertainty in the Internet market place. Such uncertainty could reduce demand for services or increase the cost of doing business as a result of litigation costs or increased service delivery costs. In addition, because our services are available over the Internet in multiple states and foreign countries, other

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jurisdictions may claim that we are required to qualify to do business in each such state or foreign country. We are qualified to do business only in Nevada. Our failure to qualify in a jurisdiction where it is required to do so could subject it to taxes and penalties. It could also hamper our ability to enforce contracts in such jurisdictions. The application of laws or regulations from jurisdictions whose laws currently apply to our business could have a material adverse affect on our business, results of operations and financial condition.

     Other than the foregoing, no governmental approval is needed for the sale of our services.

 
MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

      This section of the prospectus includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this prospectus. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.

      We are a start-up stage corporation and have not started operations or generated or realized any revenues from our business operations.

      Our auditors have issued a going concern opinion. This means that our auditors believe there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills. This is because we have not generated any revenues and no revenues are anticipated until we complete the development of our website, source out purveyors of services for products to sell and source out clients to buy our services. We believe the technical aspects of our website will be sufficiently developed to use for our operations 90 days from the completion of our offering. Accordingly, we must raise cash from sources other than operations. Our only other source for cash at this time is investments by others in our company. We must raise cash to implement our project and begin our operations. Even if we raise the maximum amount of money in this offering, we do not know how long the money will last, however, we do believe it will last twelve months. We will not begin operations until we raise money from this offering.

      To meet our need for cash we are attempting to raise money from this offering. We believe that we will be able to raise enough money through this offering to begin operations but we cannot guarantee that once we begin operations we will stay in business after operations have commenced. If we are unable to successfully negotiate strategic alliances with purveyors of services to enable us to offer these services to our clients, or if we are unable to attract enough clients to utilize our services, we may quickly use up the proceeds from the minimum amount of money from this offering and will need to find alternative sources, like a second public offering, a private placement of securities, or loans from our officers or others in order for us to maintain our operations. At the present time, we have not made any arrangements to raise additional cash, other than through this offering.

 

 

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      If we need additional cash and cannot raise it we will either have to suspend operations until we do raise the cash, or cease operations entirely. If we raise the minimum amount of money from this offering, it will last a year but with limited funds available to develop growth strategy. If we raise the maximum amount, we believe the money will last a year and also provide funds for growth strategy. If we raise less than the maximum amount and we need more money we will have to revert to obtaining additional money as described in this paragraph. Other than as described in this paragraph, we have no other financing plans.

Plan of Operation

      Assuming we raise the minimum amount in this offering, we believe we can satisfy our cash requirements during the next 12 months. We will not be conducting any product research or development. We do not expect to purchase any significant equipment. Further we do not expect significant changes in the number of employees.

      Upon completion of our public offering, our specific goal is to profitably sell our advisory services. We intend to accomplish the foregoing through the following milestones:

1.      

Complete our public offering. We believe this could take up to 180 days from the date the Securities and Exchange Commission declares our offering effective. We will not begin operations until we have closed this offering. We intend to concentrate all of our efforts on raising as much capital as we can during this period.

 
2.      

After completing the offering, we will immediately begin to establish our office and acquire the equipment we need to begin operations. Establishing our offices will take 30 days. We believe that it will cost $5,000 to establish our office. We do not intend to hire employees. Our sole officer and director will handle our administrative duties. A detailed breakdown of the cost of operating our office is set forth in the Use of Proceeds section of this prospectus.

 
3.      

After our office is established, which we said should be 30 days after completing our offering, we intend to contact companies through our website and by personal contact through Mr. Manning our sole officer and director. Once we have completed our public offering we will hire an outside web designer to begin development of the website. The negotiation of additional alliances with service providers and the development of the website will be ongoing during the life of our operations. As more service providers are added and as our customer database expands, we will have to be continually upgrading the website. As additional relationships are created, we intend to create a data basis of clients who we intend to interest in new programs. This promotion will ongoing through the life of our operations.

 
4.      

Approximately 60 days after we complete our public offering, we intend to promote our services through traditional sources such as business publications, letters, emails, flyers and mailers. We also intend to attend additional aviation related conferences. We intend to promote our services to corporations to become users of our advisory services. Initially we will aggressively court contacts provided by our president, Paul F. Manning. We believe that it will cost a minimum of $12,500 for our marketing campaign. If we raise the maximum amount of proceeds from the offering, we will devote an additional $32,500 to our marketing program. Marketing is an ongoing matter that will continue during the life of our operations.

 

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5.      

Within 90 days from the initial launch of our marketing program, we believe that we will begin generating fees from our advisory services.

      In summary, we should implement our business plan and expect to be receiving orders within 90 days of completing our offering. We estimate that we will generate revenue 120 to 180 days after beginning operations.

      Until our website is fully operational, we do not believe that clients will use our advisory services. We believe, however, that once our website is operational, we will be able to offer advisory services to potential clients. In this regard, we expect that clients will be able to download some of our marketing literature from our website, for a fee, and we will be able to provide real time interactive consultations. If, however, we do not raise the maximum amount of our offering, then we may have to delay or eliminate implementation of real time interactive consultations as a result of the expected cost of implementation.

      If we are unable to negotiate suitable terms with service providers to enable us to represent their companies, or if we are unable to attract clients to use our advisory services, we may have to suspend or cease operations.

      If we cannot generate sufficient revenues to continue operations, we will suspend or cease operations. If we cease operations, we do not know what we will do and we do not have any plans to do anything else.

Limited operating history; need for additional capital

      There is no historical financial information about us upon which to base an evaluation of our performance. We are in start-up stage operations and have not generated any revenues. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and possible cost overruns due to price and cost increases in services and products.

      To become profitable and competitive, we have to locate and negotiate agreements with service providers to allow us to represent them for a percentage-based commission. We then have to locate clients to book those services through us. We are seeking equity financing to provide for the capital required to implement our operations.

      We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders.

Results of operations

From Inception on June 26, 2007 to August 31, 2007

      Since inception, we incorporated the company, hired the attorney, and hired the auditor for the preparation of this registration statement. We have prepared an internal business plan. We have reserved the domain name “www.chinasoaring.com”. Our loss since inception is $10,570, all of which

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is for the general and administrative expenses. We have not started our proposed business operations and will not do so until we have completed this offering. We expect to begin operations 100 days after we complete this offering.

      Since inception, we sold 13,000,000 shares of common stock to our sole officer and director and three other persons in consideration of $130.00.

Liquidity and capital resources

      As of the date of this prospectus, we have yet to generate any revenues from our business operations.

      On August 7, 2007 we issued 10,000,000 restricted shares of common stock to Paul F. Manning our sole officer and director in consideration of $100; 1,040,000 restricted shares of common stock to Bradley Miller in consideration of $10.40; 960,000 restricted shares of common stock to Moon Gate Ltd. in consideration of $9.60; and, 1,000,000 restricted shares of common stock to Greater Asia Capital Ltd. in consideration of $10.00, all pursuant to the exemption from registration contained in section 4(2) of the Securities Act of 1933. The foregoing were accounted for as a sales of common stock.

      As of August 31, 2006, our total assets were $19,996 and our total liabilities were $30,346. As of November 15, 2007, we had cash of $18,193.77.

 
MANAGEMENT

Officers and Directors

      Our sole director will serve until his successor is elected and qualified. Our sole officer is elected by the board of directors to a term of one (1) year and serves until his successor is duly elected and qualified, or until he is removed from office. The board of directors has no nominating, auditing or compensation committees.

     The name, address, age and position of our present officer and director is set forth below:

Name and Address   Age   Position(s)  
Paul F. Manning   41   president, chief executive officer, secretary/treasurer,  
Zhao Bei Shao Quo     chief financial officer, and the sole member of the board  
Zhao Shang Lu     of directors  
Building 32, Room 601      
Shenzhen, Shekou      
China      

      The person named above has held his offices/positions since our inception and is expected to hold his offices/positions until the next annual meeting of our stockholders.

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Background of officers and directors

Paul F. Manning

      Since June 26, 2007, Mr. Manning has been our president, chief executive officer, secretary/treasurer, chief financial officer, principal accounting officer and the sole member of the board of directors. From March 2002 to June 2007, Mr. Manning was project manager and card services consultant for Cardtrend International Inc. formerly Asia Payment Systems, Inc., a corporation that files reports with the SEC pursuant to section 13 of the Securities Exchange Act of 1934 and is traded on the Pink Sheets under the symbol CDTR. During Mr. Manning’s employment at Cardtrend, Cardtrend was engaged in the business of implementing a credit card transaction operation in China. Other than our board of directors, Mr. Manning has not been a member of the board of directors of any corporations during the last five years. Mr. Manning holds the degree of Bachelor of Science in mathematics and economics from the University of Rhode Island. Mr. Manning was granted his degree in Applied Mathematics and Applied Economics.

     During the past five years, Mr. Manning has not been the subject of the following events:

      1. Any bankruptcy petition filed by or against any business of which Mr. Manning was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time.

     2. Any conviction in a criminal proceeding or being subject to a pending criminal proceeding.

      3. An order, judgment, or decree, not subsequently reversed, suspended or vacated, or any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting Mr. Manning’s involvement in any type of business, securities or banking activities.

      4. Found by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission or the Commodity Future Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended or vacated .

Audit Committee Financial Expert

      We do not have an audit committee financial expert. We do not have an audit committee financial expert because we believe the cost related to retaining a financial expert at this time is prohibitive. Further, because we have no operations, at the present time, we believe the services of a financial expert are not warranted.

Conflicts of Interest

      There are no conflicts of interest. Further, we have not established any policies to deal with possible future conflicts of interest.

 

 

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EXECUTIVE COMPENSATION

      The following table sets forth the compensation paid by us from inception on June 26, 2007 through August 31, 2006, for our sole officer. This information includes the dollar value of base salaries, bonus awards and number of stock options granted, and certain other compensation, if any. The compensation discussed addresses all compensation awarded to, earned by, or paid to our named executive officer.

SUMMARY COMPENSATION TABLE
 
 
            Non-   Nonqualified      
            Equity   Deferred   All    
Name             Incentive   Compensa-   Other    
and         Stock   Option   Plan   tion   Compen-    
Principal Salary Bonus Awards Awards Compensation Earnings sation Total
Position   Year   (US$)   (US$)   (US$)   (US$)   (US$)   (US$)   (US$)   (US$)  
(a)   (b)   (c)   (d)   (e)   (f)   (g)   (h)   (i)   (j)  
 
Paul F. Manning   2007   0   0   0   0   0   0   0   0  
President, Treasurer,   2006   0   0   0   0   0   0   0   0  
Secretary   2005   0   0   0   0   0   0   0   0  

      We have not paid any salaries in 2007, and we do not anticipate paying any salaries at any time in 2008. We will not begin paying salaries until we have adequate funds to do so.

      The following table sets forth the compensation paid by us from inception on June 26, 2007 through August 31, 2007, for each or our directors. This information includes the dollar value of base salaries, bonus awards and number of stock options granted, and certain other compensation, if any. The compensation discussed addresses all compensation awarded to, earned by, or paid to our named director.

 
DIRECTOR COMPENSATION

  Fees              
  Earned         Nonqualified      
  or       Non-Equity   Deferred      
Paid in Stock Option Incentive Plan Compensation All Other  
Cash Awards Awards Compensation Earnings Compensation Total
Name   (US$)   (US$)   (US$)   (US$)   (US$)   (US$)   (US$)  
(a)   (b)   (c)   (d)   (e)   (f)   (g)   (h)  
 
Paul F. Manning   2007   0   0   0   0   0   0  

 

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      Our directors does not receive any compensation for serving as a member of the board of directors.

      There are no other stock option plans, retirement, pension, or profit sharing plans for the benefit of our officers and directors other than as described herein.

Long-Term Incentive Plan Awards

      We not have any long-term incentive plans that provide compensation intended to serve as incentive for performance.

      As of the date hereof, we have not entered into employment contracts with any of our officers and do not intend to enter into any employment contracts until such time as it profitable to do so.

Indemnification

      Under our Bylaws, we may indemnify an officer or director who is made a party to any proceeding, including a law suit, because of his position, if he acted in good faith and in a manner he reasonably believed to be in our best interest. We may advance expenses incurred in defending a proceeding. To the extent that the officer or director is successful on the merits in a proceeding as to which he is to be indemnified, we must indemnify him against all expenses incurred, including attorney's fees. With respect to a derivative action, indemnity may be made only for expenses actually and reasonably incurred in defending the proceeding, and if the officer or director is judged liable, only by a court order. The indemnification is intended to be to the fullest extent permitted by the laws of the State of Nevada.

      Regarding indemnification for liabilities arising under the Securities Act of 1933, which may be permitted to directors or officers under Nevada law, we are informed that, in the opinion of the Securities and Exchange Commission, indemnification is against public policy, as expressed in the Act and is, therefore, unenforceable.

 
PRINCIPAL STOCKHOLDERS

      The following table sets forth, as of the date of this prospectus, the total number of shares owned beneficially by our directors, officers and key employees, individually and as a group, and the present owners of 5% or more of our total outstanding shares. The table also reflects what their ownership will be assuming completion of the sale of all shares in this offering . The stockholders listed below have direct ownership of their shares and possesses sole voting and dispositive power with respect to the shares.

 

 

 

 

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      Number of Shares   Percentage of
    Percentage of After Offering   Ownership After
  Number of   Ownership Assuming all of   the Offering
Name and Address   Shares Before   Before the the Shares are   Assuming all of the
Beneficial Owner   the Offering   Offering Sold   Shares are Sold
 
Paul F. Manning [1]   10,000,000   76.92 % 10,000,000   62.50 %
Zhao Bei Shao Qu          
Zhao Shang Lu          
Building 32, Room 601          
Shenzhen, Shekou          
China 518067          
 
All Officers and Directors   10,000,000   76.92 % 10,000,000   62.50 %
as a Group (1 person)          
 
Bradley Miller   1,040,000   8.00 % 1,040,000   6.50 %
1716 S. Gary Ave.          
Tulsa, OK 74104          
 
Greater Asia Capital Ltd. [2]   1,000,000   7.69 % 1,000,000   6.25 %
901B Kinwick Centre          
32 Hollywood Rd.          
Hong Kong          
 
Moon Gate Ltd.[3]   960,000   7.38 % 960,000   6.00 %
Akara Building          
24 De Castro Street          
Wickhams Cay I          
Road Town, Tortola          
British Virgin Islands          

[1]      The person named above may be deemed to be a "parent" and "promoter" of our company, within the meaning of such terms under the Securities Act of 1933, as amended, by virtue of his direct and indirect stock holdings. Mr. Manning is the only "promoter" of our company.

[2]      Jenny Wang exercises share voting and/or dispositive powers with respect to Greater Asia Capital Ltd.

[3]      Karen Chen exercises share voting and/or dispositive powers with respect to Moon Gate Ltd.

 

 

 

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Future sales by existing stockholders

      A total of 13,000,000 shares of common stock were issued to our sole officer and director and three other persons. All of the shares are restricted securities, as defined in Rule 144 of the Rules and Regulations of the SEC promulgated under the Securities Act. Under Rule 144, the shares can be publicly sold, subject to volume restrictions and restrictions on the manner of sale, commencing one year after their acquisition.

      Shares purchased in this offering, which will be immediately resalable, and sales of all of our other shares after applicable restrictions expire, could have a depressive effect on the market price, if any, of our common stock and the shares we are offering.

      There is no public trading market for our common stock. There are no outstanding options or warrants to purchase, or securities convertible into, our common stock. There is one holder of record for our common stock.

 
DESCRIPTION OF SECURITIES

Common Stock

      Our authorized capital stock consists of 100,000,000 shares of common stock, par value $0.00001 per share. The holders of our common stock:

*      

have equal ratable rights to dividends from funds legally available if and when declared by our board of directors;

*      

are entitled to share ratably in all of our assets available for distribution to holders of common stock upon liquidation, dissolution or winding up of our affairs;

*      

do not have preemptive, subscription or conversion rights and there are no redemption or sinking fund provisions or rights; and

*      

are entitled to one non-cumulative vote per share on all matters on which stockholders may vote.

      All shares of common stock now outstanding are fully paid for and non-assessable and all shares of common stock that are the subject of this offering, when issued, will be fully paid for and non-assessable. We refer you to our Articles of Incorporation, Bylaws and the applicable statutes of the State of Nevada for a more complete description of the rights and liabilities of holders of our securities.

Non-cumulative voting

      Holders of shares of our common stock do not have cumulative voting rights, which means that the holders of more than 50% of the outstanding shares, voting for the election of directors, can elect all of the directors to be elected, if they so choose, and, in that event, the holders of the remaining shares will not be able to elect any of our directors. After this offering is completed assuming the sale of all of the shares of common stock, present stockholders will own approximately 67.08% of our outstanding shares.

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Cash dividends

      As of the date of this prospectus, we have not paid any cash dividends to stockholders. The declaration of any future cash dividend will be at the discretion of our board of directors and will depend upon our earnings, if any, our capital requirements and financial position, our general economic conditions, and other pertinent conditions. It is our present intention not to pay any cash dividends in the foreseeable future, but rather to reinvest earnings, if any, in our business operations.

Preferred Stock

      We are authorized to issue 100,000,000 shares of preferred stock with a par value of $0.00001 per share. The terms of the preferred shares is at the discretion of the board of directors. Currently no preferred shares are issued and outstanding.

Anti-takeover provisions

      There are no Nevada anti-takeover provisions that may have the affect of delaying or preventing a change in control.

Reports

      After we complete this offering, we will not be required to furnish you with an annual report. Further, we will not voluntarily send you an annual report. We will be required to file reports with the SEC under section 15(d) of the Securities Act. The reports will be filed electronically. The reports we will be required to file are Forms 10-KSB, 10-QSB, and 8-K. You may read copies of any materials we file with the SEC at the SEC's Public Reference Room at 100 F Street, N.E., Washington, D.C. 20549. You may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC also maintains an Internet site that will contain copies of the reports we file electronically. The address for the Internet site is www.sec.gov.

Stock transfer agent

      Our stock transfer agent for our securities will be Pacific Stock Transfer Company, 500 E. Warm Springs Road, Suite 240, Las Vegas, Nevada 89119. Its telephone number is (702) 361-3033.

 
CERTAIN TRANSACTIONS

      On August 8, 2007, we issued a total of 10,000,000 shares of restricted common stock to Paul F. Manning, our sole officer and director in consideration of $100 cash.

      Mr. Manning allows us to us his apartment in China in consideration of a rental payment of $50 per month.

 

 

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LITIGATION

     We are not a party to any pending litigation and none is contemplated or threatened.


EXPERTS

      Our financial statements for the period from inception to August 31, 2006, included in this prospectus have been audited by Malone & Bailey, PC, Certified Public Accountants, 2925 Briarpark, Suite 930, Houston, Texas 77042, telephone (713) 343-4200, as set forth in its report included in this prospectus. Its report is given upon its authority as an expert in accounting and auditing.


LEGAL MATTERS

      Conrad C. Lysiak, Attorney at Law, 601 West First Avenue, Suite 903, Spokane, Washington 99201, telephone (509) 624-1475 has acted as our legal counsel.


FINANCIAL STATEMENTS

      Our fiscal year end is August 31st. We will provide audited financial statements to our stockholders on an annual basis.

     Our financial statements from inception to August 31 (audited), immediately follow:
 

CHINA SOARING, INC.    
 
TABLE OF CONTENTS    
 
 
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM   F -1  
 
 
FINANCIAL STATEMENTS    
 
                      Balance Sheet   F -2  
                      Statement of Operations   F -3  
                      Statement of Stockholder’s Deficit   F -4  
                      Statement of Cash Flows   F -5  
 
NOTES TO FINANCIAL STATEMENTS   F -6  

 

 

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

To the Board of Directors
China Soaring, Inc.
(a development stage company)
Shenzhen, China

      We have audited the accompanying balance sheet of China Soaring, Inc. (“China Soaring”) (a development stage company), as of August 31, 2007 and the related statements of expenses, changes in stockholders’ deficit and cash flows for the period from June 26, 2007, inception, to August 31, 2007. These financial statements are the responsibility of China Soaring’s management. Our responsibility is to express an opinion on these financial statements based on our audit.

      We conducted our audits in accordance with standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

     In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of China Soaring as of August 31, 2007 and the results of its operations and its cash flows for the period described in conformity with accounting principles generally accepted in the United States of America.

      The accompanying financial statements have been prepared assuming that China Soaring will continue as a going concern. As discussed in Note 2 to the financial statements, China Suffering has suffered a loss from operations, which raises substantial doubt about its ability to continue as a going concern. Management’s plans regarding those matters also are described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.
 

MALONE & BAILEY, PC
MALONE & BAILEY, PC
www.malone-bailey.com
Houston, Texas

September 28, 2007

 

 

F-1

-29-


CHINA SOARING, INC.
(A Development Stage Company)
BALANCE SHEET
 
 
    August 31,  
ASSETS     2007  
CURRENT ASSETS        
    Cash   $   19,996  
Total Assets     19,996  
 
LIABILITIES AND STOCKHOLDERS' DEFICIT        
Current Liabilities        
    Accrued expenses   $   104  
    Short term notes payable     30,332  
          Total Current Liabilities     30,436  
 
Stockholders' Deficit        
    Preferred stock, $.00001 par, 100,000,000 shares authorized, no shares issued or        
    outstanding        
    Common stock, $.00001 par, 100,000,000 shares authorized,        
    13,000,000 issued and outstanding     130  
    Deficit accumulated during the development stage     (10,570 )  
 
Total Stockholders' Deficit     (10,440 )  
 
Total Liabilities And Stockholders' Deficit   $   19,996  

 

 

 

The accompanying notes are an integral part of these financial statements
F-2

-30-


  CHINA SOARING, INC.        
  (A Development Stage Company)        
  STATEMENT OF EXPENSES        
 
 
 
 
      From June 26, 2007  
      (Inception)  
      To  
      August 31, 2007  
Operating Expenses:          
            Legal fees     $   10,001  
            Bank fees       265  
            State filing fees       200  
Total operating expenses       10,466  
 
Other Expense:          
    Interest expense       104  
 
Net Loss     $   (10,570 )  

 

 

 

 

 

 

The accompanying notes are an integral part of these financial statements
F-3

-31-


CHINA SOARING, INC.
(A Development Stage Company)
STATEMENT OF CHANGES IN STOCKHOLDERS’ DEFICIT
 
 
 
 
Deficit
        Accumulated        
        Additional During         Total  
  Common Stock Paid in Development   Stockholders'    
    Shares   Amount Capital Stage     Deficit    
Balance at June 26, 2007,                
inception   0   0   0   0   0  
Issuance of common stock   13,000,000   130         130  
Net Loss         (10,570 )   (10,570 )  
Balance, August, 31 2007   13,000,000   130   0   (10,570 )   (10,440 )  

 

 

 

 

 

 

 

 

 

The accompanying notes are an integral part of these financial statements
F-4

-32-


CHINA SOARING, INC.        
(A Development Stage Company)        
STATEMENT OF CASH FLOWS        
 
 
 
 
    From June  
    26, 2007  
    (inception)  
    To  
    August 31,  
Cash Flows From Operating Activities     2007  
Net Loss   $ (10,570 )  
Adjustments to reconcile net income to net cash        
        used in operating activities:        
              Accrued expenses     104  
 
        Total Cash Used For Operating Activities     (10,466 )  
 
Cash Flows From Financing Activities        
        Proceeds from sale of stock     130  
        Proceeds from short term debt     30,332  
        Total Cash Provided by Financing Activities     30,462  
 
 
Net Increase In Cash     19,996  
 
Cash At Beginning Of Period     0  
 
Cash At End Of Period   $   19,996  

 

 

 

 

The accompanying notes are an integral part of these financial statements
F-5

-33-


China Soaring, Inc.
(A Development Stage Company)
Notes to Financial Statements

 
NOTE 1 – DESCRIPTION OF BUSINESS

China Soaring Inc., was incorporated on June 26, 2007 in Nevada; their fiscal year end is August 31, 2007. China Soaring is a Development Stage Company as defined by Statement of Financial Accounting Standard No. 7 Accounting and Reporting by Development Stage Enterprises. China Soaring is currently seeking funding in order to begin operations that will include an office, a website, and business development activities focused on developing business ties with China’s civil aviation.

The principal business of China Soaring is internet-based aircraft consulting and advisement in East Asia.

NOTE 2 – GOING CONCERN

China Soaring has incurred a net loss of $10,570, negative working capital of $10,440 and negative cash flows from operations of $10,466. These conditions raise substantial doubt as to China Soaring’s ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if China Soaring is unable to continue as a going concern.

To address China Soaring’s financial situation, management has established plans designed to increase the sales of China Soaring’s products, and decrease debt. China Soaring plans on continuing to reduce expenses, and with small gains in any combination of network sales, direct sales, international sales, and warehouse sales, management believes that they will eventually be able to reverse their present financial position. Management intends to seek additional capital from new equity securities offerings that will provide funds needed to increase liquidity, fund internal growth and fully implement its business plan. Management plans include negotiations to convert significant portions of existing debt into equity.

Management estimates it will require $50,000 to continue operations and increase development for the next fiscal year. The timing and amount of capital requirements will depend on a number of factors, including demand for products and services and the availability of opportunities for international expansion through affiliations and other business relationships.

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES

Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. While it is believed that such estimates are reasonable, actual results could differ significantly from those estimates.

 

F-6

-34-


Cash and Cash Equivalents
China Soaring considers all highly liquid investments and short-term debt instruments with original maturities of three months or less to be cash equivalents.

Basic and Diluted Loss Per Share
Basic and diluted net loss per share calculations are presented in accordance with Financial Accounting Standards Statement 128, and are calculated on the basis of the weighted average number of common shares outstanding during the year. They include the dilutive effect of common stock equivalents in years with net income. Basic and diluted loss per share is the same due to the absence of common stock equivalents.

Revenue Recognition
China Soaring recognizes revenue from product sales upon shipment to independent distributors. Revenue from administration fees is recognized upon collection from independent distributors.

Income Taxes
China Soaring recognizes deferred tax assets and liabilities based on differences between the financial reporting and tax bases of assets and liabilities using the enacted tax rates and laws that are expected to be in effect when the differences are expected to be recovered. China Soaring provides a valuation allowance for deferred tax assets for which it does not consider realization of such assets to be more likely than not.

Foreign Currency Translation
China Soaring’s foreign financial activity (when it occurs) is translated in accordance with Financial Accounting Standards Statement 52, Foreign Currency Translation. Accordingly, assets and liabilities of this activity is translated into U.S. dollars using the exchange rate at each balance sheet date. Income and expense accounts are translated using an average rate of exchange during the period. Foreign currency translation adjustments are accumulated as a separate component of stockholders' equity and reported as part of other comprehensive income (loss) in the statement of operations and other comprehensive income (loss).

Fair Value of Financial Instruments
China Soaring’s financial instruments consist mainly of cash and cash equivalents, accrued expenses and notes payable. The carrying amounts of China Soaring’s cash and cash equivalents, accrued expenses and notes payable approximate fair value due to the short-term nature of these instruments.

Accounting Pronouncements
China Soaring does not believe the adoption of recently issued accounting pronouncements will have an impact on China Soaring’s financial position, results of operations, or cash flows.

 

 

 

F-7

-35-


NOTE 4 – CAPITAL STOCK

In its initial capitalization on August 7, 2007, China Soaring sold 13,000,000 common shares for $130 cash to its founders.

NOTE 5 – COMMITMENTS

Registration with the Securities and Exchange Commission
China Soaring is presently undertaking the required steps to register as a publicly traded company. In this regard, China Soaring has signed a contract with a securities attorney to assist in this matter. The total fees to be paid to the attorney is $20,000. Of this amount, $10,000 was incurred when services began. The remaining $10,000 is due when China Soaring's registration statement is declared effective by the Securities and Exchange Commission.

NOTE 6 - SHORT TERM DEBT

Short-term consists of the following at August 31, 2007:

Note payable to shareholder, at 4% interest and due on      
demand but not before June 29, 2008. This note is unsecured. $ 10,000  
Note payable to shareholder, at 4% interest and due on      
demand but not before July 31, 2008. This note is unsecured.     332  
Note payable to shareholder, at 4% interest and due on      
demand but not before August 20, 2008. This note is      
unsecured.     20,000  
  $ 30,332  

NOTE 7 – INCOME TAXES

China Soaring has incurred losses since its inception and, therefore, has not been subject to federal income taxes. As of August 31, 2007, China Soaring had net operating losses of $10,570, which expire in 2026.

Significant components of China Soaring’s deferred income tax assets at August 31, 2007 are as follows:

  Deferred income tax asset   $   3,594  
Valuation allowance     (3,594 )  
Net deferred tax assets   $   -  

 

 

 

F-8

-36-


      Until ___________________, 2008, ninety (90) days after the date of this prospectus, all dealers effecting transactions in our registered securities, whether or not participating in this distribution, may be required to deliver a prospectus. This is in addition to the obligation of dealers to deliver a prospectus when acting as underwriters and with respect to their unsold allotments or subscriptions. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-37-


PART II. INFORMATION NOT REQUIRED IN PROSPECTUS

ITEM 24.      INDEMNIFICATION OF DIRECTORS AND OFFICERS.

      The only statute, charter provision, bylaw, contract, or other arrangement under which any controlling person, director or officer of the Registrant is insured or indemnified in any manner against any liability which he may incur in his capacity as such, is as follows:

1.      

Section 5 of the Articles of Incorporation of the company, filed as Exhibit 3.1 to the Registration Statement.

 
2.      

Article IX of the Bylaws of the company, filed as Exhibit 3.2 to the Registration Statement.

 
3.      

Nevada Revised Statutes, Chapter 78.

 

      The general effect of the foregoing is to indemnify a control person, officer or director from liability, thereby making the company responsible for any expenses or damages incurred by such control person, officer or director in any action brought against them based on their conduct in such capacity, provided they did not engage in fraud or criminal activity.

 
ITEM 25.      OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION.

      The estimated expenses of the offering (assuming all shares are sold), all of which are to be paid by the registrant, are as follows:

SEC Registration Fee   $   16.06  
Printing Expenses     500.00  
Accounting Fees and Expenses     7,983.94  
Legal Fees and Expenses     20,000.00  
Blue Sky Fees/Expenses     1,000.00  
Transfer Agent Fees     500.00  
TOTAL   $   30,000.00  

 
ITEM 26.      RECENT SALES OF UNREGISTERED SECURITIES.

      During the past three years, the Registrant has sold the following securities which were not registered under the Securities Act of 1933, as amended.

Name and Address   Date   Shares   Consideration  
 
Paul F. Manning   8/7/2007   10,000,000   $ 100.00  
Zhao Bei Shao Qu        
Zhao Shang Lu        
Building 32, Room 601        
Shenzhen, Shekou        
China 518067        

 

-38-


Bradley Miller   8/7/2007   1,040,000   $ 10.40  
1716 S. Gary Ave.        
Tulsa, OK 74104        
 
Greater Asia Capital Ltd. [2]   8/7/2007   1,000,000   $ 10.00  
901B Kinwick Centre        
32 Hollywood Rd.        
Hong Kong        
 
Moon Gate Ltd.[3]   8/7/2007   960,000   $ 9.60  
Akara Building        
24 De Castro Street        
Wickhams Cay I        
Road Town, Tortola        
British Virgin Islands        

      On August 7, 2007, we issued 13,000,000 shares of common stock as restricted securities to Paul F. Manning, our sole officer and director, and three other persons in consideration of $0.00001 per share or a total of $130. The shares were sold pursuant to the exemption from registration contained in section 4(2) of the Securities Act of 1933 in that purchasers were given all information that is contained in Part I of a Form SB-2 registration statement and they are sophisticated investors. No form of general advertising was used by us and no commission was paid to anyone in connection with the sale of the securities.

 
ITEM 27.      EXHIBITS
.

      The following exhibits are filed as part of this registration statement, pursuant to Item 601 of Regulation S-B.

Exhibit No.     Document Description  
 
3.1   Articles of Incorporation.  
3.2   Bylaws.  
4.1   Specimen Stock Certificate.  
5.1   Opinion of Conrad C. Lysiak, Esq. regarding the legality of the Securities being  
  registered.  
23.1   Consent of Malone & Bailey, PC, Independent Public Accoutants  
23.2   Consent of Conrad C. Lysiak, Esq.  
99.1   Subscription Agreement.  

 

 

 

-39-


ITEM 28.      UNDERTAKINGS.

A.      

The undersigned Registrant hereby undertakes:

 
  (1)      

To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement to:

 
    (a)      

include any prospectus required by Section 10(a)(3) of the Securities Act;

 
    (b)      

reflect in the prospectus any facts or events arising after the effective date of this registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this registration statement. Notwithstanding the foregoing, any increase or decrease in the volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) under the Securities Act if, in the aggregate, the changes in volume and price represent no more than a 20% change in maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement; and

 
    (c)      

include any additional or changed material information with respect to the plan of distribution.

 
  (2)      

That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered herein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

 
  (3)      

To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

 
  (4)      

To provide to the underwriters at the closing specified in the underwriting agreement certificates in such denominations and registered in such names as required by the underwriter to permit prompt delivery to each purchaser.

 
  (5)      

For purposes of determining any liability under the Securities Act, the information omitted from the form of prospectus filed as part of a registration statement in reliance upon Rule 430A and contained in the form of prospectus filed by the registrant pursuant to Rule 424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be part of the registration statement as of the time it was declared effective.

 
  (6)      

For the purpose of determining any liability under the Securities Act, each post- effective amendment that contains a form of prospectus shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

 

-40-


(7)      

For the purpose of determining liability under the Securities Act to any purchaser:

 
 

Each prospectus filed pursuant to Rule 424(b) under the Securities Act as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A (§§230.430A of this chapter), shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.

 
(8)      

For the purpose of determining liability of the registrant under the Securities Act to any purchaser in the initial distribution of securities:

 
 

The undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

 
  (a)      

Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424 of this chapter;

 
  (b)      

Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;

 
  (c)      

The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and

 
  (d)      

Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.

 

 

 

 

 

 

 

-41-


B.      

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the small business issuer pursuant to the foregoing provisions, or otherwise, the small business issuer has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the small business issuer of expenses incurred or paid by a director, officer or controlling person of the small business issuer in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the small business issuer will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

 
C.      

To provide to the underwriter at the closing specified in the Underwriting Agreement certificates in such denominations and registered in such names as required by the underwriter to permit prompt delivery to each purchaser.

 
D.      

The undersigned Registrant hereby undertakes that:

 
  (1)      

For purposes of determining any liability under the Securities Act of 1933, the information omitted from the form of prospectus filed as part of this registration statement in reliance upon Rule 430A and contained in a form of prospectus filed by the registrant pursuant to Rule 424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be part of this registration statement as of the time it was declared effective.

 
  (2)      

For the purpose of determining any liability under the Securities Act of 1933, each post- effective amendment that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

 

 

 

 

 

 

 

 

 

 

-42-


SIGNATURES

      Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing of this Form SB-2 Registration Statement and has duly caused this Form SB-2 Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Shekou, China on this 16 th day of November, 2007.
 

CHINA SOARING INC.  
 
BY:            PAUL F. MANNING
                  Paul F. Manning, President, Principal Executive  
                  Officer, Secretary/Treasurer, Principal Financial  
                  Officer, Principal Accounting Officer and a member  
                  of the Board of Director  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-43-


Exhibit 3.1







CHINA SOARING INC.
ADDITIONAL ARTICLES

 
Section 1. Capital Stock

The aggregate number of shares that the Corporation will have authority to issue is Two Hundred Million (200,000,000) of which One Hundred Million (100,000,000) shares will be common stock, with a par value of $0.00001 per share, and One Hundred Million (100,000,000) shares will be preferred stock, with a par value of $0.00001 per share.

The Preferred Stock may be divided into and issued in series. The Board of Directors of the Corporation is authorized to divide the authorized shares of Preferred Stock into one or more series, each of which shall be so designated as to distinguish the shares thereof from the shares of all other series and classes. The Board of Directors of the Corporation is authorized, within any limitations prescribed by law and this Article, to fix and determine the designations, rights, qualifications, preferences, limitations and terms of the shares of any series of Preferred Stock including but not limited to the following:

(a)      

The rate of dividend, the time of payment of dividends, whether dividends are cumulative, and the date from which any dividends shall accrue;

 
(b)      

Whether shares may be redeemed, and, if so, the redemption price and the terms and conditions of redemption;

 
(c)      

The amount payable upon shares in the event of voluntary or involuntary liquidation;

 
(d)      

Sinking fund or other provisions, if any, for the redemption or purchase of shares;

 
(e)      

The terms and conditions on which shares may be converted, if the shares of any series are issued with the privilege of conversion;

 
(f)      

Voting powers, if any, provided that if any of the Preferred Stock or series thereof shall have voting rights, such Preferred Stock or series shall vote only on a share for share basis with the Common Stock on any matter, including but not limited to the election of directors, for which such Preferred Stock or series has such rights; and,

 
(g)      

Subject to the foregoing, such other terms, qualifications, privileges, limitations, options, restrictions, and special or relative rights and preferences, if any, of shares or such series as the Board of Directors of the Corporation may, at the time so acting, lawfully fix and determine under the laws of the State of Nevada.

 

 

4


The Corporation shall not declare, pay or set apart for payment any dividend or other distribution (unless payable solely in shares of Common Stock or other class of stock junior to the Preferred Stock as to dividends or upon liquidation) in respect of Common Stock, or other class of stock junior the Preferred Stock, nor shall it redeem, purchase or otherwise acquire for consideration shares of any of the foregoing, unless dividends, if any, payable to holders of Preferred Stock for the current period (and in the case of cumulative dividends, if any, payable to holder of Preferred Stock for the current period and in the case of cumulative dividends, if any, for all past periods) have been paid, are being paid or have been set aside for payments, in accordance with the terms of the Preferred Stock, as fixed by the Board of Directors.

In the event of the liquidation of the Corporation, holders of Preferred Stock shall be entitled to received, before any payment or distribution on the Common Stock or any other class of stock junior to the Preferred Stock upon liquidation, a distribution per share in the amount of the liquidation preference, if any, fixed or determined in accordance with the terms of such Preferred Stock plus, if so provided in such terms, an amount per share equal to accumulated and unpaid dividends in respect of such Preferred Stock (whether or not earned or declared) to the date of such distribution. Neither the sale, lease or exchange of all or substantially all of the property and assets of the Corporation, nor any consolidation or merger of the Corporation, shall be deemed to be a liquidation for the purposes of this Article.

Section 2. Acquisition of Controlling Interest.

The Corporation elects not to be governed by NRS 78.378 to 78.3793, inclusive.

Section 3. Combinations with Interest Stockholders.

The Corporation elects not to be governed by NRS 78.411 to 78.444, inclusive.

Section 4. Liability.

To the fullest extent permitted by NRS 78, a director or officer of the Corporation will not be personally liable to the Corporation or its stockholders for damages for breach of fiduciary duty as a director or officer, provided that this article will not eliminate or limit the liability of a director or officer for:

(a)      

acts or omissions which involve intentional misconduct, fraud or a knowing violation of law; or

 
(b)      

the payment of distributions in violation of NRS 78.300, as amended.

Any amendment or repeal of this Section 4 will not adversely affect any right or protection of a director of the Corporation existing immediately prior to such amendment or repeal.

 

5


Section 5. Indemnification

(a)      

Right to Indemnification. The Corporation will indemnify to the fullest extent permitted by law any person (the “Indemnitee”) made or threatened to be made a party to any threatened, pending or completed action or proceeding, whether civil, criminal, administrative or investigative (whether or not by or in the right of the Corporation) by reason of the fact that he or she is or was a director of the Corporation or is or was serving as a director, officer, employee or agent of another entity at the request of the Corporation or any predecessor of the Corporation against judgments, fines, penalties, excise taxes, amounts paid in settlement and costs, charges and expenses (including attorneys’ fees and disbursements) that he or she incurs in connection with such action or proceeding.

 
(b)      

Inurement. The right to indemnification will inure whether or not the claim asserted is based on matters that predate the adoption of this Section 5, will continue as to an Indemnitee who has ceased to hold the position by virtue of which he or she was entitled to indemnification, and will inure to the benefit of his or her heirs and personal representatives.

 
(c)      

Non-exclusivity of Rights. The right to indemnification and to the advancement of expenses conferred by this Section 5 are not exclusive of any other rights that an Indemnitee may have or acquire under any statue, bylaw, agreement, vote of stockholders or disinterested directors, the Certificate of Incorporation or otherwise.

 
(d)      

Other Sources. The Corporation’s obligation, if any, to indemnify or to advance expenses to any Indemnitee who was or is serving at the request as a director, officer employee or agent of another corporation, partnership, joint venture, trust, enterprise or other entity will be reduced by any amount such Indemnitee may collect as indemnification or advancement or expenses from such other entity.

 
(e)      

Advancement of Expenses. The Corporation will, from time to time, reimburse or advance to any Indemnitee the funds necessary for payment of expenses, including attorneys’ fees and disbursements, incurred in connection with defending any proceeding from which he or she is indemnified by the Corporation, in advance of the final disposition of such proceeding; provided that the Corporation has received the undertaking of such director or officer to repay any such amount so advanced if it is ultimately determined by a final and unappealable judicial decision that the director or officer is not entitled to be indemnified for such expenses.

 

 

 

 

 

6




Exhibit 3.2

BYLAWS

OF

CHINA SOARING INC.
 

I.      

SHAREHOLDER'S MEETING.

 
 

.01 Annual Meetings.

 
 

The annual meeting of the shareholders of this Corporation, for the purpose of election of Directors and for such other business as may come before it, shall be held at the registered office of the Corporation, or such other places, either within or without the State of Nevada, as may be designated by the notice of the meeting, on the first week in October of each and every year, at 1:00 p.m., commencing in 2008 but in case such day shall be a legal holiday, the meeting shall be held at the same hour and place on the next succeeding day not a holiday.

 
 

.02 Special Meeting.

 
 

Special meetings of the shareholders of this Corporation may be called at any time by the holders of ten percent (10%) of the voting shares of the Corporation, or by the President, or by the Board of Directors or a majority thereof. No business shall be transacted at any special meeting of shareholders except as is specified in the notice calling for said meeting. The Board of Directors may designate any place, either within or without the State of Nevada, as the place of any special meeting called by the president or the Board of Directors, and special meetings called at the request of shareholders shall be held at such place in the State of Nevada, as may be determined by the Board of Directors and placed in the notice of such meeting.

 
 

.03 Notice of Meeting.

 
 

Written notice of annual or special meetings of shareholders stating the place, day, and hour of the meeting and, in the case of a special meeting, the purpose or purposes for which the meeting is called shall be given by the secretary or persons authorized to call the meeting to each shareholder of record entitled to vote at the meeting. Such notice shall be given not less than ten (10) nor more than fifty (50) days prior to the date of the meeting, and such notice shall be deemed to be delivered when deposited in the United States mail addressed to the shareholder at his/her address as it appears on the stock transfer books of the Corporation.

 
 

.04 Waiver of Notice.

 
 

Notice of the time, place, and purpose of any meeting may be waived in writing and will be waived by any shareholder by his/her attendance thereat in person or by proxy. Any shareholder so waiving shall be bound by the proceedings of any such meeting in all respects as if due notice thereof had been given.

 

 

.05 Quorum and Adjourned Meetings.

 
 

A majority of the outstanding shares of the Corporation entitled to vote, represented in person or by proxy, shall constitute a quorum at a meeting of shareholders. A majority of the shares represented at a meeting, even if less than a quorum, may adjourn the meeting from time to time without further notice. At such adjourned meeting at which a quorum shall be present or represented, any business may be transacted which might have been transacted at the meeting as originally notified. The shareholders present at a duly organized meeting may continue to transact business until adjournment, notwithstanding the withdrawal of enough shareholders to leave less than a quorum.

 
 

.06 Proxies.

 
 

At all meetings of shareholders, a shareholder may vote by proxy executed in writing by the shareholder or by his/her duly authorized attorney in fact. Such proxy shall be filed with the secretary of the Corporation before or at the time of the meeting. No proxy shall be valid after eleven (11) months from the date of its execution, unless otherwise provided in the proxy.

 
 

.07 Voting of Shares.

 
 

Except as otherwise provided in the Articles of Incorporation or in these Bylaws, every shareholder of record shall have the right at every shareholder's meeting to one (1) vote for every share standing in his/her name on the books of the Corporation, and the affirmative vote of a majority of the shares represented at a meeting and entitled to vote thereat shall be necessary for the adoption of a motion or for the determination of all questions and business which shall come before the meeting.

 
 
II.      

DIRECTORS.

 
 

.01 General Powers.

 
 

The business and affairs of the Corporation shall be managed by its Board of Directors.

 
 

.02 Number, Tenure and Qualifications.

 
 

The number of Directors of the Corporation shall be not less than one nor more than thirteen. Each Director shall hold office until the next annual meeting of shareholders and until his/her successor shall have been elected and qualified. Directors need not be residents of the State of Nevada or shareholders of the Corporation.

 
 

.03 Election.

 
 

The Directors shall be elected by the shareholders at their annual meeting each year; and if, for any cause the Directors shall not have been elected at an annual meeting, they may be elected at a special meeting of shareholders called for that purpose in the manner provided by these Bylaws.

 

.04 Vacancies.

In case of any vacancy in the Board of Directors, the remaining Directors, whether constituting a quorum or not, may elect a successor to hold office for the unexpired portion of the terms of the Directors whose place shall be vacant, and until his/her successor shall have been duly elected and qualified. Further, the remaining Directors may fill any empty seats on the Board of Directors even if the empty seats have never been occupied.

.05 Resignation.

Any Director may resign at any time by delivering written notice to the secretary of the Corporation.

.06 Meetings.

At any annual, special or regular meeting of the Board of Directors, any business may be transacted, and the Board may exercise all of its powers. Any such annual, special or regular meeting of the Board of Directors of the Corporation may be held outside of the State of Nevada, and any member or members of the Board of Directors of the Corporation may participate in any such meeting by means of a conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other at the same time; the participation by such means shall constitute presence in person at such meeting.

A. Annual Meeting of Directors.

Annual meetings of the Board of Directors shall be held immediately after the annual shareholders' meeting or at such time and place as may be determined by the Directors. No notice of the annual meeting of the Board of Directors shall be necessary.

B. Special Meetings.

Special meetings of the Directors shall be called at any time and place upon the call of the president or any Director. Notice of the time and place of each special meeting shall be given by the secretary, or the persons calling the meeting, by mail, radio, telegram, or by personal communication by telephone or otherwise at least one (1) day in advance of the time of the meeting. The purpose of the meeting need not be given in the notice. Notice of any special meeting may be waived in writing or by telegram (either before or after such meeting) and will be waived by any Director in attendance at such meeting.

C. Regular Meetings of Directors.

Regular meetings of the Board of Directors shall be held at such place and on such day and hour as shall from time to time be fixed by resolution of the Board of Directors. No notice of regular meetings of the Board of Directors shall be necessary.


.07 Quorum and Voting.

A majority of the Directors presently in office shall constitute a quorum for all purposes, but a lesser number may adjourn any meeting, and the meeting may be held as adjourned without further notice. At each meeting of the Board at which a quorum is present, the act of a majority of the Directors present at the meeting shall be the act of the Board of Directors. The Directors present at a duly organized meeting may continue to transact business until adjournment, notwithstanding the withdrawal of enough Directors to leave less than a quorum.

.08 Compensation.

By resolution of the Board of Directors, the Directors may be paid their expenses, if any, of attendance at each meeting of the Board of Directors and may be paid a fixed sum for attendance at each meeting of the Board of Directors or a stated salary as Director. No such payment shall preclude any Director from serving the Corporation in any other capacity and receiving compensation therefor.

.09 Presumption of Assent.

A Director of the Corporation who is present at a meeting of the Board of Directors at which action on any corporate matter is taken shall be presumed to have assented to the action taken unless his/her dissent shall be entered in the minutes of the meeting or unless he/she shall file his/her written dissent to such action with the person acting as the secretary of the meeting before the adjournment thereof or shall forward such dissent by registered mail to the secretary of the Corporation immediately after the adjournment of the meeting. Such right to dissent shall not apply to a Director who voted in favor of such action.

.10 Executive and Other Committees.

The Board of Directors, by resolution adopted by a majority of the full Board of Directors, may designate from among its members an executive committee and one of more other committees, each of which, to the extent provided in such resolution, shall have and may exercise all the authority of the Board of Directors, but no such committee shall have the authority of the Board of Directors, in reference to amending the Articles of Incorporation, adoption a plan of merger or consolidation, recommending to the shareholders the sale, lease, exchange, or other disposition of all of substantially all the property and assets of the dissolution of the Corporation or a revocation thereof, designation of any such committee and the delegation thereto of authority shall not operate to relieve any member of the Board of Directors of any responsibility imposed by law.

.11 Chairman of Board of Directors.

The Board of Directors may, in its discretion, elect a chairman of the Board of Directors from its members; and, if a chairman has been elected, he/she shall, when present, preside at all meetings of the Board of Directors and the shareholders and shall have such other powers as the Board may prescribe.


.12 Removal.

Directors may be removed from office with or without cause by a vote of shareholders holding a majority of the shares entitled to vote at an election of Directors.

III.       ACTIONS BY WRITTEN CONSENT.

Any corporate action required by the Articles of Incorporation, Bylaws, or the laws under which this Corporation is formed, to be voted upon or approved at a duly called meeting of the Directors or shareholders may be accomplished without a meeting if a written memorandum of the respective Directors or shareholders, setting forth the action so taken, shall be signed by all the Directors or shareholders, as the case may be.
 

IV.      

OFFICERS.

 
 

.01 Officers Designated.

 
 

The Officers of the Corporation shall be a president, one or more vice presidents (the number thereof to be determined by the Board of Directors), a secretary and a treasurer, each of whom shall be elected by the Board of Directors. Such other Officers and assistant officers as may be deemed necessary may be elected or appointed by the Board of Directors. Any Officer may be held by the same person, except that in the event that the Corporation shall have more than one director, the offices of president and secretary shall be held by different persons.

 
 

.02 Election, Qualification and Term of Office.

 
 

Each of the Officers shall be elected by the Board of Directors. None of said Officers except the president need be a Director, but a vice president who is not a Director cannot succeed to or fill the office of president. The Officers shall be elected by the Board of Directors. Except as hereinafter provide, each of said Officers shall hold office from the date of his/her election until the next annual meeting of the Board of Directors and until his/her successor shall have been duly elected and qualified.

 
 

.03 Powers and Duties.

 
 

The powers and duties of the respective corporate Officers shall be as follows:

A. President.

The president shall be the chief executive Officer of the Corporation and, subject to the direction and control of the Board of Directors, shall have general charge and supervision over its property, business, and affairs. He/she shall, unless a Chairman of the Board of Directors has been elected and is present, preside at meetings of the shareholders and the Board of Directors.


B. Vice President.

In the absence of the president or his/her inability to act, the senior vice president shall act in his place and stead and shall have all the powers and authority of the president, except as limited by resolution of the Board of Directors.

C. Secretary.

The secretary shall:

                                      1.      

Keep the minutes of the shareholder's and of the Board of Directors meetings in one or more books provided for that purpose;

 
2.      

See that all notices are duly given in accordance with the provisions of these Bylaws or as required by law;

 
3.      

Be custodian of the corporate records and of the seal of the Corporation and affix the seal of the Corporation to all documents as may be required;

 
4.      

Keep a register of the post office address of each shareholder which shall be furnished to the secretary by such shareholder;

 
5.      

Sign with the president, or a vice president, certificates for shares of the Corporation, the issuance of which shall have been authorized by resolution of the Board of Directors;

 
6.      

Have general charge of the stock transfer books of the corporation; and,

 
7.      

In general perform all duties incident to the office of secretary and such other duties as from time to time may be assigned to him/her by the president or by the Board of Directors.

D. Treasurer.

Subject to the direction and control of the Board of Directors, the treasurer shall have the custody, control and disposition of the funds and securities of the Corporation and shall account for the same; and, at the expiration of his/her term of office, he/she shall turn over to his/her successor all property of the Corporation in his/her possession.


E. Assistant Secretaries and Assistant Treasurers.

The assistant secretaries, when authorized by the Board of Directors, may sign with the president or a vice president certificates for shares of the Corporation the issuance of which shall have been authorized by a resolution of the Board of Directors. The assistant treasurers shall, respectively, if required by the Board of Directors, give bonds for the faithful discharge of their duties in such sums and with such sureties as the Board of Directors shall determine. The assistant secretaries and assistant treasurers, in general, shall perform such duties as shall be assigned to them by the secretary or the treasurer, respectively, or by the president or the Board of Directors.

.04 Removal.

The Board of Directors shall have the right to remove any Officer whenever in its judgment the best interest of the Corporation will be served thereby.

.05 Vacancies.

The Board of Directors shall fill any office which becomes vacant with a successor who shall hold office for the unexpired term and until his/her successor shall have been duly elected and qualified.

.06 Salaries.

The salaries of all Officers of the Corporation shall be fixed by the Board of Directors.
 

V.         SHARE CERTIFICATES

.01 Form and Execution of Certificates.

Certificates for shares of the Corporation shall be in such form as is consistent with the provisions of the Corporation laws of the State of Nevada. They shall be signed by the president and by the secretary, and the seal of the Corporation shall be affixed thereto. Certificates may be issued for fractional shares.

.02 Transfers.

Shares may be transferred by delivery of the certificates therefor, accompanied either by an assignment in writing on the back of the certificates or by a written power of attorney to assign and transfer the same signed by the record holder of the certificate. Except as otherwise specifically provided in these Bylaws, no shares shall be transferred on the books of the Corporation until the outstanding certificate therefor has been surrendered to the Corporation.


 

.03 Loss or Destruction of Certificates.

 
 

In case of loss or destruction of any certificate of shares, another may be issued in its place upon proof of such loss or destruction and upon the giving of a satisfactory bond of indemnity to the Corporation. A new certificate may be issued without requiring any bond, when in the judgment of the Board of Directors it is proper to do so.

 
 
VI.      

BOOKS AND RECORDS.

 
 

.01 Books of Accounts, Minutes and Share Register.

 
 

The Corporation shall keep complete books and records of accounts and minutes of the proceedings of the Board of Directors and shareholders and shall keep at its registered office, principal place of business, or at the office of its transfer agent or registrar a share register giving the names of the shareholders in alphabetical order and showing their respective addresses and the number of shares held by each.

 
 

.02 Copies of Resolutions.

 
 

Any person dealing with the Corporation may rely upon a copy of any of the records of the proceedings, resolutions, or votes of the Board of Directors or shareholders, when certified by the president or secretary.

 
 
VII.      

CORPORATE SEAL.

The Corporation is not required to have a seal.
 

VIII.     LOANS.

No loans shall be made by the Corporation to its Officers or Directors
 

IX.         INDEMNIFICATION OF DIRECTORS AND OFFICERS.

.01 Indemnification.

The Corporation shall indemnify any person who was or is a party or is threatened to be made a party to any proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the Corporation) by reason of the fact that such person is or was a Director, Trustee, Officer, employee or agent of the Corporation, or is or was serving at the request of the Corporation as a Director, Trustee, Officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys' fees), judgment, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the Corporation, and with respect to any criminal action or proceeding, had no reasonable cause to


believe such person's conduct was unlawful. The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the person did not act in good faith and in a manner which such person reasonably believed to be in or not opposed to the best interests of the Corporation, and with respect to any criminal action proceeding, had reasonable cause to believe that such person's conduct was unlawful.

.02 Derivative Action

The Corporation shall indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the Corporation to procure a judgment in the Corporation's favor by reason of the fact that such person is or was a Director, Trustee, Officer, employee or agent of the Corporation, or is or was serving at the request of the Corporation as a Director, Trustee, Officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorney's fees) and amount paid in settlement actually and reasonably incurred by such person in connection with the defense or settlement of such action or suit if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the Corporation, and, with respect to amounts paid in settlement, the settlement of the suit or action was in the best interests of the Corporation; provided, however, that no indemnification shall be made in respect of any claim, issue or matter as to which such person shall have been adjudged to be liable for gross negligence or willful misconduct in the performance of such person's duty to the Corporation unless and only to the extent that, the court in which such action or suit was brought shall determine upon application that, despite circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses as such court shall deem proper. The termination of any action or suit by judgment or settlement shall not, of itself, create a presumption that the person did not act in good faith and in a manner which such person reasonably believed to be in or not opposed to the best interests of the Corporation.

.03 Successful Defense.

To the extent that a Director, Trustee, Officer, employee or Agent of the Corporation has been successful on the merits or otherwise, in whole or in part in defense of any action, suit or proceeding referred to in Paragraphs .01 and .02 above, or in defense of any claim, issue or matter therein, such person shall be indemnified against expenses (including attorneys' fees) actually and reasonably incurred by such person in connection therewith.

.04 Authorization.

Any indemnification under Paragraphs .01 and .02 above (unless ordered by a court) shall be made by the Corporation only as authorized in the specific case upon a determination that indemnification of the Director, Trustee, Officer, employee or agent is proper in the circumstances because such person has met the applicable standard of conduct set forth in Paragraphs .01 and .02 above. Such determination shall be made (a) by the Board of Directors of the Corporation by a majority vote of a quorum consisting of Directors who were not parties to such action, suit or proceeding, or (b) is such a quorum is not obtainable, by a majority vote of the Directors who were not parties to such action, suit or proceeding, or (c) by independent legal counsel (selected by one or more of the Directors, whether or not a quorum and whether or not disinterested) in a written


opinion, or (d) by the Shareholders. Anyone making such a determination under this Paragraph .04 may determine that a person has met the standards therein set forth as to some claims, issues or matters but not as to others, and may reasonably prorate amounts to be paid as indemnification.

.05 Advances.

Expenses incurred in defending civil or criminal action, suit or proceeding shall be paid by the Corporation, at any time or from time to time in advance of the final disposition of such action, suit or proceeding as authorized in the manner provided in Paragraph .04 above upon receipt of an undertaking by or on behalf of the Director, Trustee, Officer, employee or agent to repay such amount unless it shall ultimately be by the Corporation is authorized in this Section.

.06 Nonexclusivity.

The indemnification provided in this Section shall not be deemed exclusive of any other rights to which those indemnified may be entitled under any law, bylaw, agreement, vote of shareholders or disinterested Directors or otherwise, both as to action in such person's official capacity and as to action in another capacity while holding such office, and shall continue as to a person who has ceased to be a Director, Trustee, Officer, employee or agent and shall inure to the benefit of the heirs, executors, and administrators of such a person.

.07 Insurance.

The Corporation shall have the power to purchase and maintain insurance on behalf of any person who is or was a Director, Trustee, Officer, employee or agent of the Corporation, or is or was serving at the request of the Corporation as a Director, Trustee, Officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against any liability assessed against such person in any such capacity or arising out of such person's status as such, whether or not the corporation would have the power to indemnify such person against such liability.

.08 "Corporation" Defined.

For purposes of this Section, references to the "Corporation" shall include, in addition to the Corporation, an constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger which, if its separate existence had continued, would have had the power and authority to indemnify its Directors, Trustees, Officers, employees or agents, so that any person who is or was a Director, Trustee, Officer, employee or agent of such constituent corporation or of any entity a majority of the voting stock of which is owned by such constituent corporation or is or was serving at the request of such constituent corporation as a Director, Trustee, Officer, employee or agent of the corporation, partnership, joint venture, trust or other enterprise, shall stand in the same position under the provisions of this Section with respect to the resulting or surviving Corporation as such person would have with respect to such constituent corporation if its separate existence had continued.


X.      

AMENDMENT OF BYLAWS.

 
 

.01 By the Shareholders.

 
 

These Bylaws may be amended, altered, or repealed at any regular or special meeting of the shareholders if notice of the proposed alteration or amendment is contained in the notice of the meeting.

 
 

.02 By the Board of Directors.

 
 

These Bylaws may be amended, altered, or repealed by the affirmative vote of a majority of the entire Board of Directors at any regular or special meeting of the Board.

 
 
XI.      

FISCAL YEAR.

The fiscal year of the Corporation shall be set by resolution of the Board of Directors.
 

XII.     RULES OF ORDER.

The rules contained in the most recent edition of Robert's Rules or Order, Newly Revised, shall govern all meetings of shareholders and Directors where those rules are not inconsistent with the Articles of Incorporation, Bylaws, or special rules or order of the Corporation.
 

XIII.    REIMBURSEMENT OF DISALLOWED EXPENSES.

If any salary, payment, reimbursement, employee fringe benefit, expense allowance payment, or other expense incurred by the Corporation for the benefit of an employee is disallowed in whole or in part as a deductible expense of the Corporation for Federal Income Tax purposes, the employee shall reimburse the Corporation, upon notice and demand, to the full extent of the disallowance. This legally enforceable obligation is in accordance with the provisions of Revenue Ruling 69-115, 1969-1 C.B. 50, and is for the purpose of entitling such employee to a business expense deduction for the taxable year in which the repayment is made to the Corporation. In this manner, the Corporation shall be protected from having to bear the entire burden of disallowed expense items.

 

 

 

 


Exhibit 4.1

Number     Shares  
 
CHINA SOARING INC.
INCORPORATED UNDER THE LAWS OF THE STATE OF
NEVADA 200,000,000 SHARES COMMON STOCK AUTHORIZED,
$0.00001 PAR VALUE
 
    CUSIP _______
    SEE REVERSE  
    FOR  
This     CERTAIN  
certifies     DEFINITIONS  
that      
is the owner of      
 
 
FULLY PAID AND NON-ASSESSABLE
SHARES OF COMMON STOCK OF
 
 
CHINA SOARING INC.
transferable on the books of the corporation in person or by duly
authorized attorney upon surrender of this certificate properly
endorsed. This certificate and the shares represented hereby
are subject to the laws of the State of Nevada, and to the
Articles of Incorporation and Bylaws of the Corporation,
as now or hereafter amended. This certificate is not valid
unless countersigned by the Transfer Agent. WITNESS
the facsimile seal of the Corporation and the signature
of its duly authorized officers
 
 
 
 
 
 
 
 
PRESIDENT   [SEAL]   SECRETARY  


      The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations.

TEN COM   as tenants in common   UNIF GIFT MIN ACT  ______________ Custodian  _______________
TEN ENT   as tenants by the entireties                                   (Cust)                        (Minor)  
JT TEN   as joint tenants with the right of  

                           Act______________________________________

  survivorship and not as tenants     (State)  
  in common      

Additional abbreviations may also be used though not in the above list.

For value received , __________________________________________ hereby sell, assign and transfer unto  
  PLEASE INSERT SOCIAL SECURITY OR OTHER                                                             
  IDENTIFYING NUMBER OF ASSIGNEE                                                            
 
 
(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE OF ASSIGNEE)
 
 
 
 
 
 
 
__________________________________________________________________________________  shares of  
the capital stock represented by the within Certificate, and do hereby irrevocably constitute and appoint  
 
__________________________________________________________________________________, Attorney to  
transfer the said stock on the books of the within named Corporation with full power of substitution in the  
premises.    
 
Dated ____________________________
 
X __________________________________________________________________________________________
THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THIS CERTIFICATE IN
EVERY PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER. THE SIGNATURE(S) MUST BE
GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (Banks, Stockbrokers, Savings and Loan Associations and Credit Unions)


 

 

SIGNATURE GUARANTEED:

 

 

TRANSFER FEE WILL APPLY

 


Exhibit 5.1

THE LAW OFFICE OF
CONRAD C. LYSIAK
601 West First Avenue, Suite 903
Spokane, Washington 99201
( 509) 624-1475
FAX: (509) 747-1770
EMAIL: cclysiak@qwest.net


November 16, 2007

Securities and Exchange Commission
100 F Street, N.E.
Washington, D. C. 20549

                                                 RE: CHINA SOARING INC.

Gentlemen:

     Please be advised that, I have reached the following conclusions regarding the above offering:

      1. CHINA SOARING INC., (the "Company") is a duly and legally organized and existing Nevada state corporation, with its registered office located in Reno, Nevada and its principal place of business located in Shekou, China. The Articles of Incorporation and corporate registration fees were submitted to the Nevada Secretary of State's office and filed with the office on June 26, 2007. The Company's existence and form is valid and legal pursuant to Nevada law.

      2. The Company is a fully and duly incorporated Nevada corporate entity. The Company has one class of Common Stock at this time. Neither the Articles of Incorporation, Bylaws, and amendments thereto, nor subsequent resolutions change the non-assessable characteristics of the Company's common shares of stock. The Common Stock previously issued by the Company is in legal form and in compliance with the laws of the State of Nevada, its Constitution and reported judicial decisions interpreting those laws and when such stock was issued it was duly authorized, fully paid for and non-assessable. The common stock to be sold under this Form SB-2 Registration Statement is likewise legal under the laws of the State of Nevada, its Constitution and reported judicial decisions interpreting those laws and when such stock is issued it will be duly authorized, fully paid for and non-assessable.

      3. To my knowledge, the Company is not a party to any legal proceedings nor are there any judgments against the Company, nor are there any actions or suits filed or threatened against it or its officers and directors, in their capacities as such, other than as set forth in the registration statement. I know of no disputes involving the Company and the Company has no claim, actions or inquires from any federal, state or other government agency, other than as set forth in the registration statement. I know of no claims against the Company or any reputed claims against it at this time, other than as set forth in the registration statement.

      4. The Company's outstanding shares are all common shares. There are no liquidation preference rights held by any of the Shareholders upon voluntary or involuntary liquidation of the Company.

 


Securities and Exchange Commission  
RE: CHINA SOARING INC.  
November 16, 2007  
Page 2  

      5. The directors and officers of the Company are indemnified against all costs, expenses, judgments and liabilities, including attorney's fees, reasonably incurred by or imposed upon them or any of them in connection with or resulting from any action, suit or proceedings, civil or general, in which the officer or director is or may be made a party by reason of his being or having been such a director or officer. This indemnification is not exclusive of other rights to which such director or officer may be entitled as a matter of law.

      6. By directors’ resolution, the Company has authorized the issuance of up to 3,000,000 shares of common stock in this public offering.

      The Company's Articles of Incorporation presently provide the authority to the Company to issue 100,000,000 shares of common stock, with a par value of $0.00001 per share, and 100,000,000 shares of preferred stock, with a par value of $0.00001 per share. Therefore, a Board of Directors’ Resolution which authorized the issuance for sale of up to 3,000,000 shares of common stock would be within the authority of the Company’s directors and the shares, when issued, will be validly issued, fully paid and non-assessable.

      I consent to filing this opinion as an exhibit to the Company’s Form SB-2 registration statement.
 

Yours truly,  
 
CONRAD C. LYSIAK  
Conrad C. Lysiak  

 

 

 

 

 

 

 

 

-2-


Exhibit 23.1

 

 

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM CONSENT

We consent to the use in this Registration Statement of China Soaring, Inc., on Form SB-2 of our report dated September 28, 2007 for China Soaring, Inc. We also consent to the reference to us under the heading “Experts” in this registration statement.

 

MALONE & BAILEY, PC
Malone & Bailey, PC
www.malone-bailey.com
Houston, Texas

November 15, 2007

 

 

 

 

 

 

 

 

 

 

 

 


Exhibit 23.2


THE LAW OFFICE OF

CONRAD C. LYSIAK
601 West First Avenue, Suite 903
Spokane, Washington 99201
( 509) 624-1475
FAX: (509) 747-1770
EMAIL: cclysiak@qwest.net


CONSENT
 

      I HEREBY CONSENT to the inclusion of my name in connection with the Form SB-2 Registration Statement filed with the Securities and Exchange Commission as attorney for the registrant, China Soaring Inc.

     DATED this 16 th day of November, 2007.

Yours truly,  
 
 
CONRAD C. LYSIAK  
Conrad C. Lysiak  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


Exhibit 99.1

SUBSCRIPTION AGREEMENT

China Soaring Inc
Zhao Bei Shao Qu
Zhao Shang Lu
Building 32, Room 601
Shenzhen, Shekou, China 518067

Dear Sirs:

      Concurrent with execution of this Agreement, the undersigned (the “Purchaser”) is purchasing _______________________________________________ (__________) shares of Common Stock of China Soaring Inc. (the “Company”) at a price of $0.05 per Share (the “Subscription Price”).

      Purchaser hereby confirms the subscription for and purchase of said number of shares and hereby agrees to pay herewith the Subscription Price for such Shares.

      Purchaser further confirms that Mr. Paul F. Manning solicited him/her/it to purchase the shares of Common Stock of the Company and no other person participated in such solicitation other than Mr. Manning.

     MAKE CHECK PAYABLE TO: China Soaring Inc.
 

     Executed this _____day of ___________________, 2007.
 

     
 
  Signature of Purchaser  
 
 
Address of Purchaser    
 
 
Printed Name of Purchaser    

PLEASE ENSURE FUNDS ARE IN US DOLLARS

         X $0.05     _____________     =   US$  
Number of Shares Purchased       Total Subscription Price  
 
Form of Payment:   Cash:_______         Check #:  ______________   Other:  __________________
 
CHINA SOARING INC.        
 
By:  _______________________________________________    
 
Title:  ______________________________________________