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<SEC-DOCUMENT>0001116502-04-002443.txt : 20041013
<SEC-HEADER>0001116502-04-002443.hdr.sgml : 20041013
<ACCEPTANCE-DATETIME>20041013130717
ACCESSION NUMBER:		0001116502-04-002443
CONFORMED SUBMISSION TYPE:	S-4/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20041013
DATE AS OF CHANGE:		20041013

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHINA RESOURCES DEVELOPMENT INC
		CENTRAL INDEX KEY:			0000793628
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ADVERTISING [7310]
		IRS NUMBER:				870263643
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-119277
		FILM NUMBER:		041076586

	BUSINESS ADDRESS:	
		STREET 1:		ROOM 2105 WEST TOWER SHUN TAK CENTRE
		STREET 2:		200 CONNAUGHT ROAD C
		CITY:			SHEUNG WAN
		STATE:			K3
		ZIP:			-
		BUSINESS PHONE:		01185228107205

	MAIL ADDRESS:	
		STREET 1:		ROOM 2105 WEST TOWER SHUN TAK CENTRE
		STREET 2:		200 CONNAUGHT ROAD C
		CITY:			SHEUNG WAN HONG KONG
		STATE:			K3
		ZIP:			-

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MAGENTA CORP
		DATE OF NAME CHANGE:	19940217
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-4/A
<SEQUENCE>1
<FILENAME>chinaresourcess4.htm
<DESCRIPTION>JOINT INFORMATION STATEMENT/PROSPECTUS
<TEXT>
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<TITLE><B>BP53673 -- China Resources Development, Inc. -- S-4</TITLE>
<META NAME="keywords" CONTENT="Bassett Press, Inc. 954-928-2862">
<META NAME="author" CONTENT="Bassett Press, Inc. 954-928-2862">
<META NAME="date" CONTENT="10/11/2004">
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<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center>As filed with the Securities and Exchange Commission on October __, 2004.</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; padding-bottom:3pt; width:486pt; font-family:Times New Roman; border-bottom:0.75pt solid #000000" align=right>Registration No. 333-119277</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=right><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:6.65pt; width:486pt; font-family:Times New Roman" align=center><B>WASHINGTON, D.C. 20549</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:6.65pt; width:486pt; font-family:Times New Roman" align=center><B>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>AMENDMENT NO. 1</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>to</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>FORM S-4</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>REGISTRATION STATEMENT</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>UNDER</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:6.65pt; width:486pt; font-family:Times New Roman" align=center><B>THE SECURITIES ACT OF 1933</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>CHINA RESOURCES DEVELOPMENT, INC.</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:6.65pt; width:486pt; font-family:Times New Roman" align=center><I>(Exact name of Registrant as specified in charter)</I></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:-12pt; padding-left:-0.4pt; text-indent:75.15pt; width:486.4pt; font-family:Times New Roman"><B>Nevada</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:-12pt; padding-left:-0.4pt; text-indent:219.4pt; width:486.4pt; font-family:Times New Roman"><B>&nbsp;&nbsp;&nbsp;&nbsp;5190</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; padding-left:-0.4pt; text-indent:354.25pt; width:486.4pt; font-family:Times New Roman"><B>87-0263643</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:-12pt; text-indent:35.6pt; width:486pt; font-family:Times New Roman"><I>(State&nbsp;or&nbsp;Other&nbsp;Jurisdiction</I></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:-12pt; text-indent:171.65pt; width:486pt; font-family:Times New Roman"><I>&nbsp;&nbsp;&nbsp;&nbsp;(Primary&nbsp;Standard&nbsp;Industrial</I></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; text-indent:343.8pt; width:486pt; font-family:Times New Roman"><I>(I.R.S.&nbsp;Employer</I></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:-12pt; text-indent:55.65pt; width:486pt; font-family:Times New Roman"><I>of&nbsp;Incorporation)</I></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:-12pt; text-indent:170.3pt; width:486pt; font-family:Times New Roman"><I>&nbsp;&nbsp;&nbsp;&nbsp;Classification&nbsp;Code&nbsp;Number)</I></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; text-indent:340.7pt; width:486pt; font-family:Times New Roman"><I>Identification&nbsp;No.)</I></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; padding-left:-0.4pt; width:486.4pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>AND</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>BILLION LUCK COMPANY LTD</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><I>(Exact name of Registrant as specified in charter)</I></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:-14pt; padding-left:-0.4pt; text-indent:47pt; width:486.4pt; line-height:14pt; font-family:Times New Roman"><B>British Virgin Islands</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:-14pt; padding-left:-0.4pt; text-indent:219.4pt; width:486.4pt; line-height:14pt; font-family:Times New Roman"><B>&nbsp;&nbsp;&nbsp;&nbsp;5190</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; padding-left:-0.4pt; text-indent:347.7pt; width:486.4pt; font-family:Times New Roman"><B>Not Applicable</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:-13pt; text-indent:35.6pt; width:486pt; line-height:13pt; font-family:Times New Roman"><I>(State&nbsp;or&nbsp;Other&nbsp;Jurisdiction</I></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:-13pt; text-indent:171.65pt; width:486pt; line-height:13pt; font-family:Times New Roman"><I>&nbsp;&nbsp;&nbsp;&nbsp;(Primary&nbsp;Standard&nbsp;Industrial</I></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; text-indent:343.8pt; width:486pt; line-height:11pt; font-family:Times New Roman"><I>(I.R.S.&nbsp;Employer</I></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:-13pt; text-indent:55.65pt; width:486pt; line-height:13pt; font-family:Times New Roman"><I>of&nbsp;Incorporation)</I></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:-13pt; text-indent:170.3pt; width:486pt; line-height:13pt; font-family:Times New Roman"><I>&nbsp;&nbsp;&nbsp;&nbsp;Classification&nbsp;Code&nbsp;Number)</I></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:6.65pt; text-indent:340.7pt; width:486pt; line-height:11pt; font-family:Times New Roman"><I>Identification&nbsp;No.)</I></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:6.65pt; width:486pt; font-family:Times New Roman" align=center>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>Room 2105, West Tower, Shun Tak Centre</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>200 Connaught Road C, Sheung Wan, Hong Kong</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>011-852-2810-7205</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><I>(Address, including zip code, and telephone number, including area code, of registrant&#146;s principal executive offices)</I></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>Ching Lung Po, President</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>Room 2105, West Tower, Shun Tak Centre</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>200 Connaught Road C, Sheung Wan, Hong Kong</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>011-852-2810-7205</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><I>(Name, address, including zip code, and telephone number, including area code, of agent for service)</I></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><I>with copies to:</I></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>David A. Ficksman, Esq.</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>Loeb &amp; Loeb LLP</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>10100 Santa Monica Boulevard, Suite 2200</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>Los Angeles, California 90067-4164</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:6.65pt; width:486pt; font-family:Times New Roman" align=center><B>(310) 282-2000</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:6.65pt; width:486pt; font-family:Times New Roman" align=center>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>Approximate date of proposed sale to the public:</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>As soon as practicable after the effective date of this Registration Statement.</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<BR>
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<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
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<P style="page-break-before:always; margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman">If the securities being registered on this Form are being offered in connection with the formation of a holding company and there is compliance with General Instruction G, check the following box <FONT FACE="Wingdings 2">&#163;</FONT></P>
<P style="margin-top:10pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman">If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under 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. <FONT FACE="Wingdings 2">&#163;</FONT></P>
<P style="margin-top:10pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman">If this Form is a post-effective amendment filed pursuant to Rule 462(d) under 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. <FONT FACE="Wingdings 2">&#163;</FONT></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman">&nbsp;&nbsp;</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><BR></P>
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<P style="page-break-before:always; margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>JOINT INFORMATION STATEMENT</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>CHINA RESOURCES DEVELOPMENT, INC.</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>and</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>BILLION LUCK COMPANY LTD</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>Room 2105, West Tower, Shun Tak Centre</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>200 Connaught Road C, Sheung Wan, Hong Kong</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>011-852-2810-7205</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>NOTICE OF ACTION TAKEN BY WRITTEN CONSENT</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>October 15, 2004</B></P>
<P style="margin-top:10pt; margin-right:126pt; margin-bottom:0pt; text-indent:36pt; width:486pt; font-family:Times New Roman">WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY. THE ACTION, DEFINED BELOW, HAS ALREADY BEEN APPROVED BY THE WRITTEN CONSENT OF HOLDERS OF A MAJORITY OF THE OUTSTANDING SHARES ENTITLED TO VOTE ON THIS MATTER. A VOTE OF THE REMAINING STOCKHOLDERS IS NOT NECESSARY.</P>
<P style="margin-top:10pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><B>General</B></P>
<P style="margin-top:6.65pt; margin-right:126pt; margin-bottom:0pt; text-indent:36pt; width:486pt; font-family:Times New Roman">This Joint Information Statement/Prospectus along with our Form 10-KSB for the fiscal year ended December&nbsp;31, 2003 and our Form 10-QSB for the quarter ended June 30, 2004 are being furnished on or about October&nbsp;15, 2004 to stockholders of record at the close of business on August&nbsp;15, 2004 (the &#147;Record Date&#148;) of both common stock, par value $0.001 (the &#147;Common Stock&#148;) and the Series B Preferred Stock (&#147;Preferred Stock&#148;) of China Resources Development, Inc. (&#147;CRD&#148;, &#147;China Resources&#148; or the &#147;Company&#148;) in connection with the following (the &#147;Action&#148;):</P>
<P style="margin-top:6.65pt; margin-right:126pt; margin-bottom:-12pt; padding-left:54pt; text-indent:-18pt; width:432pt; font-family:Times New Roman">&#8226;</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; padding-left:54pt; width:432pt; font-family:Times New Roman">Changing the Company&#146;s corporate domicile, or place of incorporation, from the State of Nevada to the British Virgin Islands (the &#147;BVI&#148;). The change of our domicile from the State of Nevada to the BVI will be accomplished through a merger (the &#147;Merger&#148;) of the Company into our wholly-owned subsidiary, Billion Luck Company Ltd (&#147;Billion Luck&#148;), a company organized under the laws of the&nbsp;BVI.</P>
<P style="margin-top:10pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><B>Voting Procedures</B></P>
<P style="margin-top:6.65pt; margin-right:126pt; margin-bottom:0pt; text-indent:36pt; width:486pt; font-family:Times New Roman">The Board of Directors has approved, and a majority of the stockholders (the &#147;Consenting Stockholders&#148;) representing 50.3% of the outstanding voting power as of the Record Date have consented in writing to the Action. Such approval and consent constitute the approval and consent of a majority of the total number of shares entitled to vote on this matter and is sufficient under the Nevada Revised Statutes (&#147;NRS&#148;) to approve the Action. Accordingly, the Action will not be submitted to the other stockholders.</P>
<P style="margin-top:6.65pt; margin-right:126pt; margin-bottom:0pt; text-indent:36pt; width:486pt; font-family:Times New Roman">The Board of Directors of Billion Luck and the sole stockholder of Billion Luck have consented in writing to the Action. Such approval and consent constitute the approval and consent of a majority of the total number of shares entitled to vote on this matter and is sufficient under the laws of the British Virgin Islands to approve the&nbsp;Action.</P>
<P style="margin-top:6.65pt; margin-right:126pt; margin-bottom:0pt; text-indent:36pt; width:486pt; font-family:Times New Roman">CRD will pay all costs associated with the distribution of this Information Statement/Prospectus and the filing of the Registration Statement, including the costs of printing and mailing. CRD will reimburse brokerage firms and other custodians, nominees and fiduciaries for reasonable expenses incurred by them in sending this Joint Information Statement/Prospectus to the beneficial owners of CRD&#146;s Common Stock.</P>
<P style="margin-top:6.65pt; margin-right:126pt; margin-bottom:0pt; text-indent:36pt; width:486pt; font-family:Times New Roman">The Merger will be effective when Articles of Merger are filed with the Registrar of Corporate Affairs in the British Virgin Islands and with the Department of Commerce, Division of Corporations of the State of Nevada. Under federal securities, laws, the Articles of Merger cannot be filed until at least 20&nbsp;days after the mailing of this Joint Information Statement/Prospectus. </P>
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<BR>
<P style="page-break-before:always; margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><B>PROSPECTUS</B></P>
<P style="margin-top:10pt; margin-right:126pt; margin-bottom:0pt; text-indent:36pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:10pt; margin-right:126pt; margin-bottom:0pt; text-indent:36pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>BILLION LUCK COMPANY LTD</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>Room 2105, West Tower, Shun Tak Centre</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>200 Connaught Road C, Sheung Wan, Hong Kong</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>011-852-2810-7205</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>1,247,823 Common Stock</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; text-indent:45.8pt; width:486pt; font-family:Times New Roman">This Joint Information Statement/Prospectus relates to up to 1,247,823 shares of common stock, no par value of Billion Luck which will be issued to the stockholders of China Resources in exchange for their shares of China Resources, upon consummation of the proposed Merger between Billion Luck and CRD with Billion Luck being the surviving corporation. As a result of the Merger, the corporate domicile or CRD, will effectively be changed from the State of Nevada to the British Virgin Islands. </P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; text-indent:45.8pt; width:486pt; font-family:Times New Roman">CRD is a holding company and Billion Luck its wholly-owned subsidiary and most of CRD&#146;s operations are conducted through Billion Luck. Therefore there is no separate discussion of the operations or financial results of Billion Luck, as management has determined that it would be unduly confusing and duplicative. References to us, our and the Company refer to both Billion Luck and CRD.</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman">&nbsp;</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman">&nbsp;</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><B>THIS JOINT INFORMATION STATEMENT/PROSPECTUS AND THE ACCOMPANYING FORMS OF INFORMATION ARE FIRST BEING MAILED ON OR ABOUT OCTOBER&nbsp;15,&nbsp;2004. </B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><B>INVESTING IN THE COMMON STOCK INVOLVES CERTAIN RISKS. SEE &#147;RISK FACTORS&#148; BEGINNING ON PAGE 6 FOR A DISCUSSION OF THESE&nbsp;RISKS.</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><B>THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION, NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS JOINT INFORMATION STATEMENT/PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL&nbsp;OFFENSE.</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>The date of this Joint Information Statement/Prospectus is October&nbsp;__, 2004.</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<BR>
<BR>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
<BR>
<P style="page-break-before:always; margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>TABLE OF CONTENTS</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman">&nbsp;</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman">&nbsp;</P>
<TABLE style="margin-right:126pt; font-size:10pt" cellspacing=0><TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&
nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman" align=center><B>PAGE</B></P>
</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top><P style="margin-top:0pt; margin-bottom:-12pt; font-family:Times New Roman"><A HREF="#explanatory">EXPLANATORY NOTE</A></P>
<P style="margin-top:0pt; margin-bottom:5pt; text-indent:414pt; font-family:Times New Roman"><BR></P>
</TD><TD valign=top><P style="margin-top:0pt; margin-bottom:5pt; padding-right:3.6pt; font-family:Times New Roman" align=right>1</P>
</TD></TR>
<TR><TD valign=top><P style="margin-top:0pt; margin-bottom:5pt; font-family:Times New Roman"><A HREF="#signatures">SIGNATURES</A></P>
</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top><P style="margin-top:0pt; margin-bottom:5pt; font-family:Times New Roman"><A HREF="#exhibitindex">EXHIBIT INDEX</A></P>
</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
</TABLE>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<BR>
<BR>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
<BR>
<P style="page-break-before:always; margin-top:10pt; margin-right:126pt; margin-bottom:0pt; text-indent:0.35pt; width:486pt; font-family:Times New Roman" align=center><B>EXPLANATORY NOTE<A NAME="explanatory"></A></B></P>
<P style="margin-top:10pt; margin-right:126pt; margin-bottom:0pt; text-indent:0.35pt; width:486pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin-top:10pt; margin-right:126pt; margin-bottom:0pt; text-indent:0.35pt; width:486pt; font-family:Times New Roman">This Pre-Effective Amendment No. 1 to the Registrant&#146;s Registration Statement on Form S-4 (File No. 333-119277) is being filed solely for the purpose of filing Exhibits 5.2 and 23.2 to the Registration Statement.</P>
<P style="margin-top:10pt; margin-right:126pt; margin-bottom:0pt; text-indent:0.35pt; width:486pt; font-family:Times New Roman"><BR></P>
<BR>
<BR>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center>1</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
<BR>
<P style="page-break-before:always; margin-top:4.15pt; margin-right:126pt; margin-bottom:4.15pt; width:486pt; font-family:Times New Roman" align=center><B>Part II</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>INFORMATION NOT REQUIRED IN PROSPECTUS</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><B>Item 21. Exhibits and Financial Statement Schedules.</B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<TABLE style="margin-right:126pt; font-size:10pt" cellspacing=0><TR><TD style="border-bottom:0.5pt solid #000000" valign=bottom><P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt"><B>Exhibit</B></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt"><B>Number</B></P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman; font-size:8pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom><P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt"><B>Description of Exhibit</B></P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbs
p;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">2.1</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Agreement and Plan of Merger (included as Annex C to Information Statement Statement/Prospectus)*</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">3.1</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Memorandum of Association Billion Luck (included as Annex A to Information Statement <BR>
Statement/Prospectus)*</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">3.2 </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Articles of Association Billion Luck (included as Annex B to Information Statement <BR>
Statement/ Prospectus)*</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">3.3 </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Articles of Incorporation of the Registrant, filed on January 15, 1986 (Filed with Annual Report <BR>
on Form 10-K/A for the fiscal year ended December 31, 1994, and incorporated herein by reference.)</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">3.4 </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">By-laws of the Registrant (Filed with Annual Report on Form 10-K/A for the fiscal year <BR>
ended December 31, 1994, and incorporated herein by reference.)</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">3.5 </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Certificate of Amendment of Articles of Incorporation of the Registrant, filed on November 18, 1994<BR>
 (Filed with Annual Report on Form 10-K/A for the fiscal year ended December 31, 1994, <BR>
and incorporated herein by reference.)</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">3.6 </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Certificate of Amendment of Articles of Incorporation of the Registrant, filed on November 18, 1994<BR>
 (Filed with Annual Report on Form 10-K/A for the fiscal year ended December 31, 1994, <BR>
and incorporated herein by reference.)</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">3.7 </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Certificate of Amendment of Articles of Incorporation of the Registrant, effective March 31, 1995, <BR>
and filed on June 19, 1995 (Filed with Quarterly Report on Form 10-Q/A for the fiscal quarter <BR>
ended March 31, 1995, and with Current Report on Form 8-K dated June 19, 1995, and <BR>
incorporated herein by reference.)</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">3.8 </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Certificate of Amendment of Articles of Incorporation of the Registrant, effective December 30, 1996<BR>
 (Filed with Annual Report on Form 10-K/A for the fiscal year ended December 31, 1996, <BR>
and incorporated herein by reference.)</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">3.9</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Amended and Restated By-laws of the Registrant, as amended on December 30, 1996 <BR>
(Filed with Annual Report on Form 10-K/A for the fiscal year ended December 31, 1996, <BR>
and incorporated herein by reference.)</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">4.1 </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Certificate of Designation of Series B Convertible Preferred Stock, filed on December 13, 1995 <BR>
(Filed with Current Report on Form 8-K dated March 8, 1996, and incorporated herein by reference.)</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">4.2 </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Certificate of Amendment of Certificate of Designation of Series B Convertible Preferred <BR>
Stock, effective December 31, 1997 (Filed with Annual Report on Form 10-K/A for the fiscal <BR>
year ended December 31, 1996, and incorporated herein by reference.)</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman"><A HREF="walkersopinion52.htm"><FONT COLOR=#0000FF><U>5.2</U></FONT></A> </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Opinion of Walkers BVI**</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">8.1</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Opinion of Horwath, Kam &amp; Company*</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">10.1 </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">China Resources Development, Inc., 1995 Stock Option Plan, adopted as of March 31, 1995 <BR>
(Filed as Exhibit 10.18 to Quarterly Report on Form 10-Q/A for the fiscal quarter ended <BR>
March&nbsp;31, 1995, and the Current Report on Form 8-K dated June 19, 1995, and incorporated herein <BR>
by reference.)</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">10.2 </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">China Resources Development, Inc., Amended and Restated 1995 Stock Option Plan, as amended <BR>
on December 30, 1996 (Filed as Exhibit 10.34 to Annual Report on Form 10-K/A for the fiscal <BR>
year ended December 31, 1996, and incorporated herein by reference.)</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">10.3 </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Employment Agreement between the Company and Tam Cheuk Ho, dated February 1, 1999 <BR>
(Filed as Exhibit 10.43 to Annual Report on Form 10-K for the fiscal year ended December 31, 1998,<BR>
and incorporated herein by reference.)</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">10.4 </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Employment Agreement between the Company and Wong Wah On, dated February 1, 1999 <BR>
(Filed as Exhibit 10.44 to Annual Report on Form 10-K for the fiscal year ended December 31, 1998,<BR>
and incorporated herein by reference.)</P>
</TD></TR>
</TABLE>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<BR>
<BR>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center>II-1</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
<BR>
<P style="page-break-before:always; margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<TABLE style="margin-right:126pt; font-size:10pt" cellspacing=0><TR><TD style="border-bottom:0.5pt solid #000000" valign=bottom><P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt"><B>Exhibit</B></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt"><B>Number</B></P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman; font-size:8pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom><P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt"><B>Description of Exhibit</B></P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbs
p;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">10.5 </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Service Agreement between the Company and Ching Lung Po, dated February 1, 1999 (Filed as <BR>
Exhibit 10.45 to Annual Report on Form 10-K for the fiscal year ended December 31, 1998, <BR>
and incorporated herein by reference.)</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">10.6 </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Agreement for the Sale and Purchase of Shares in HARC by and between the Farming Bureau <BR>
and Shenzhen Shenhua Investment Co. Ltd. dated April 17, 2001 (Certified English translation <BR>
of original Chinese version filed as Exhibit 10.27 to Current Report on Form 8-K filed May 17, 2001,<BR>
and incorporated herein by reference.)</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">10.7 </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Agreement for the Sale and Purchase of Shares in HARC by and between the Farming Bureau <BR>
and Shenzhen Fengsun Development Co. Ltd. dated April 17, 2001 (Certified English translation <BR>
of original Chinese version filed as Exhibit 10.28 to Current Report on Form 8-K filed May 17, 2001,<BR>
and incorporated hereinby reference.)</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">10.8 </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Agreement for the Sale and Purchase of Shares in HARC by and between the Farming Bureau <BR>
and Hainan Zhongwei Trading Co. Ltd. dated April 17, 2001 (Certified English translation of <BR>
original Chinese version filed as Exhibit 10.29 to Current Report on Form 8-K filed May 17, 2001, <BR>
and incorporated herein by reference.)</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">10.9 </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Agreement for the Sale and Purchase of Shares in HARC by and between the Farming Bureau <BR>
and Shenzhen Chaopeng Investment Co. Ltd. dated April 17, 2001 (Certified English translation <BR>
of original Chinese version filed as Exhibit 10.30 to Current Report on Form 8-K filed May 17, 2001,<BR>
and incorporated herein by reference.)</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">10.10 </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Agreement for the Sale and Purchase of Shares in HARC by and between the Farming Bureau <BR>
and Shenzhen Feishang Development Co. Ltd. dated April 17, 2001 (Certified English translation <BR>
of original Chinese version filed as Exhibit 10.31 to Current Report on Form 8-K filed May 17, 2001,<BR>
and incorporated herein by reference.)</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">10.11 </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Form of Declaration of Trust (Certified English translation of original Chinese version filed as <BR>
Exhibit 10.32 to Current Report on Form 8-K filed May 17, 2001, and incorporated herein by reference.)</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">10.12 </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Agreement for the Sale and Purchase of Shares in Xilian Timber Mill by and between HARC and the <BR>
Farming Bureau dated April 17, 2001 (Certified English translation of original Chinese version filed as <BR>
Exhibit 10.33 to Current Report on Form 8-K filed May 17, 2001, and incorporated herein by reference.)</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">10.13 </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Agreement for the Sale and Purchase of Shares in Hainan Weilin by and between HARC and the <BR>
Farming Bureau dated April 17, 2001 (Certified English translation of original Chinese version filed as <BR>
Exhibit 10.34 to Current Report on Form 8-K filed May 17, 2001, and incorporated herein by reference.)</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">10.14 </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Agreement for the Sale and Purchase of Shares in Hainan Sundiro Motorcycle Co. Ltd. by and between <BR>
HARC and the Farming Bureau dated April 17, 2001 (Certified English translation of original Chinese <BR>
version filed as Exhibit 10.35 to Current Report on Form 8-K filed May 17, 2001, and incorporated <BR>
herein by reference.)</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">23.1</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Consent of Independent Registered Public Accounting Firm*</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman"><A HREF="walkersopinion52.htm"><FONT COLOR=#0000FF><U>23.2</U></FONT></A></P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Consent of Walkers BVI (included in Exhibit 5.2 hereof)**</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">99.1</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Form 10-KSB for period ended December 31, 2003*</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">99.2</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Form 10-QSB for the period ended June&nbsp;30, 2004*</P>
</TD></TR>
</TABLE>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; padding-left:36pt; text-indent:-36pt; width:450pt; font-family:Times New Roman">&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; padding-left:36pt; text-indent:-36pt; width:450pt; font-family:Times New Roman">* Incorporated by reference to the Registration Statement File No. 333-119277 filed September 24, 2004</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; padding-left:36pt; text-indent:-36pt; width:450pt; font-family:Times New Roman">** Filed herewith</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<BR>
<BR>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center>II-2</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
<BR>
<P style="page-break-before:always; margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center><B>SIGNATURES<A NAME="signatures"></A></B></P>
<P style="margin-top:10pt; margin-right:126pt; margin-bottom:0pt; text-indent:36pt; width:486pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Act, each registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized on the 12th day of October,&nbsp;2004.</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<TABLE style="margin-right:126pt; font-size:10pt" cellspacing=0><TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top colspan=2><P style="margin:0pt; font-family:Times New Roman"><B>CHINA&nbsp;RESOURCES&nbsp;DEVELOPMENT,&nbsp;INC.</B></P>
</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">By:</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=top><P style="margin:0pt; font-family:Times New Roman">/s/<SMALL> <BIG>C<SMALL>HING<BIG> L<SMALL>UNG<BIG> P<SMALL>O</SMALL></P>
</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Name:&nbsp;</P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Ching Lung Po</P>
</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Title:</P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Chief Executive Officer</P>
</TD></TR>
</TABLE>
<P style="margin-top:10pt; margin-right:126pt; margin-bottom:0pt; text-indent:36pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:10pt; margin-right:126pt; margin-bottom:0pt; text-indent:36pt; width:486pt; font-family:Times New Roman">Pursuant to requirements of the Securities Act of 1933, this Registration Statement was signed by the following persons in the capacities and on the dates stated.</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<TABLE style="margin-right:126pt; font-size:10pt" cellspacing=0><TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">By:</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=top><P style="margin:0pt; font-family:Times New Roman">/s/<SMALL> <BIG>C<SMALL>HING<BIG> L<SMALL>UNG<BIG> P<SMALL>O</SMALL></P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top rowspan=2><P style="margin:0pt; font-family:Times New Roman">President, Chairman of the Board of Directors, <BR>
Chief Executive Office </P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman" align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman" align=center>October&nbsp;12,&nbsp;2004</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Name:&nbsp;</P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Ching Lung Po</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman" align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">By:</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=top><P style="margin:0pt; font-family:Times New Roman" align=center>*</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Chief Financial Officer/Director </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman" align=center>October&nbsp;12, 2004</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Name:</P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Tam Cheuk Ho</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">By:</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=top><P style="margin:0pt; font-family:Times New Roman" align=center>*</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Financial Controller/Director/Secretary </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman" align=center>October&nbsp;12, 2004</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Name:</P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Wong Wah On</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">By:</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=top><P style="margin:0pt; font-family:Times New Roman" align=center>*</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Director</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman" align=center>October&nbsp;12, 2004</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Name:</P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Lam Kwan Sing</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">By:</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=top><P style="margin:0pt; font-family:Times New Roman" align=center>*</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Director </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman" align=center>October&nbsp;12, 2004</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Name:</P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Ng Kin Sing</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">By:</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=top><P style="margin:0pt; font-family:Times New Roman" align=center>*</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Director </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman" align=center>October&nbsp;12, 2004</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Name:</P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Lo Kin Cheung</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
</TABLE>
<P style="margin-top:10pt; margin-right:126pt; margin-bottom:-12pt; padding-left:18pt; text-indent:-18pt; width:468pt; font-family:Times New Roman">*</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; padding-left:18pt; width:468pt; font-family:Times New Roman">The undersigned does hereby sign this Registration Statement on behalf of each of the above-indicated director or officer of China Resources Development, Inc. pursuant to the power of attorney executed by each such director or officer.</P>
<P style="margin-top:10pt; margin-right:126pt; margin-bottom:0pt; text-indent:36pt; width:486pt; font-family:Times New Roman"><BR></P>
<BR>
<BR>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center>II-3</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
<BR>
<P style="page-break-before:always; margin-top:10pt; margin-right:126pt; margin-bottom:0pt; text-indent:36pt; width:486pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Act, each registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized on the 12th day of October,&nbsp;2004.</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<TABLE style="margin-right:126pt; font-size:10pt" cellspacing=0><TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top colspan=2><P style="margin:0pt; font-family:Times New Roman"><B>BILLION LUCK COMPANY LTD.</B></P>
</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">By:</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=top><P style="margin:0pt; font-family:Times New Roman">/s/<SMALL> <BIG>C<SMALL>HING<BIG> L<SMALL>UNG<BIG> P<SMALL>O</SMALL></P>
</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Name:&nbsp;</P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Ching Lung Po</P>
</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Title:</P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Director</P>
</TD></TR>
</TABLE>
<P style="margin-top:10pt; margin-right:126pt; margin-bottom:0pt; text-indent:36pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; text-indent:36pt; width:486pt; font-family:Times New Roman">Pursuant to requirements of the Securities Act of 1933, this Registration Statement was signed by the following persons in the capacities and on the dates stated.</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<TABLE style="margin-right:126pt; font-size:10pt" cellspacing=0><TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">By:</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=top><P style="margin:0pt; font-family:Times New Roman">/s/<SMALL> <BIG>C<SMALL>HING<BIG> L<SMALL>UNG<BIG> P<SMALL>O</SMALL></P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top rowspan=2><P style="margin:0pt; font-family:Times New Roman">Director</P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman" align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman" align=center>October&nbsp;12,&nbsp;2004</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Name:&nbsp;</P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Ching Lung Po</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman" align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">By:</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=top><P style="margin:0pt; font-family:Times New Roman" align=center>*</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Director </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman" align=center>October&nbsp;12, 2004</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Name:</P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Tam Cheuk Ho</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">By:</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=top><P style="margin:0pt; font-family:Times New Roman" align=center>*</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Director</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman" align=center>October&nbsp;12, 2004</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Name:</P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Wong Wah On</P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD><TD valign=top>&nbsp;</TD></TR>
</TABLE>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:-12pt; padding-left:18pt; text-indent:-18pt; width:468pt; font-family:Times New Roman">*</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; padding-left:18pt; width:468pt; font-family:Times New Roman">The undersigned does hereby sign this Registration Statement on behalf of each of the above-indicated director or officer of Billion Luck Company Ltd. pursuant to the power of attorney executed by each such director or officer.</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; padding-left:18pt; text-indent:-18pt; width:468pt; font-family:Times New Roman"><BR></P>
<BR>
<BR>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman" align=center>II-4</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Times New Roman"><BR></P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
<BR>
<P style="page-break-before:always; margin-top:0pt; margin-right:126pt; margin-bottom:0pt; padding-left:18pt; text-indent:-18pt; width:468pt; font-family:Times New Roman" align=center><B>EXHIBIT INDEX<A NAME="exhibitindex"></A></B></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; padding-left:18pt; text-indent:-18pt; width:468pt; font-family:Times New Roman" align=center><BR></P>
<TABLE style="margin-right:126pt; font-size:10pt" cellspacing=0><TR><TD style="border-bottom:0.5pt solid #000000" valign=bottom><P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt"><B>Exhibit</B></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt"><B>Number</B></P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman; font-size:8pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom><P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt"><B>Description of Exhibit</B></P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbs
p;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman"><A HREF="walkersopinion52.htm"><FONT COLOR=#0000FF><U>5.2</U></FONT></A> </P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Opinion of Walkers BVI</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0pt; font-family:Times New Roman"><A HREF="walkersopinion52.htm"><FONT COLOR=#0000FF><U>23.2</U></FONT></A></P>
</TD><TD valign=top>&nbsp;</TD><TD valign=top><P style="margin:0pt; font-family:Times New Roman">Consent of Walkers BVI (included in Exhibit 5.2 hereof)</P>
</TD></TR>
</TABLE>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; padding-left:18pt; text-indent:-18pt; width:468pt; font-family:Times New Roman"><BR></P>
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<DOCUMENT>
<TYPE>EX-5.2
<SEQUENCE>2
<FILENAME>walkersopinion52.htm
<DESCRIPTION>OPINION RE: LEGALITY
<TEXT>
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<TITLE>BP53673x2 -- China Resources -- Exhibit 5.2</TITLE>
<META NAME="keywords" CONTENT="Bassett Press, Inc. 954-928-2862">
<META NAME="author" CONTENT="Bassett Press, Inc. 954-928-2862">
<META NAME="date" CONTENT="10/11/2004">
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<BR>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:15pt; width:486pt; font-family:Arial" align=right>EXHIBIT 5.2</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:15pt; width:486pt; font-family:Arial" align=center>[LETTERHEAD OF WALKERS]</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:15pt; width:486pt; font-family:Arial" align=justify><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Arial" align=justify>October 7, 2004</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Arial" align=justify><BR></P>
<A NAME="bkAddressee"></A><P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Arial" align=justify>China Resources Development, Inc.</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Arial" align=justify>Room 2105, West Tower, Shun Tak Centre </P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Arial" align=justify>200 Connaught Road C </P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Arial" align=justify>Sheung Wan, Hong Kong</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Arial" align=justify><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Arial" align=justify><BR></P>
<A NAME="bkRe"></A><P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; padding-right:36pt; width:450pt; font-family:Arial" align=justify>Dear Sirs</P>
<A NAME="bkStart"></A><P style="margin-top:10pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Arial" align=justify>We have acted as British Virgin Island counsel to China Resources Development, Inc., a Nevada Corporation (the &#147;Company&#148;), in connection with the preparation and filing with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the &#147;Act&#148;), of a Registration Statement on Form S-4 (the &#147;Registration Statement&#148;), relating to the proposed offering of 1,247,823 shares common shares (the &#147;Common Shares&#148;) by its wholly owned subsidiary Billion Luck Company, Ltd. a British Virgin Islands international business company (&#147;Billion Luck&#148;) in connection with a merger between the Company and Billion Luck. &nbsp;</P>
<P style="margin-top:10pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Arial" align=justify>In so acting, we have examined and relied upon the originals or copies, certified or otherwise identified to our satisfaction, of the Company and Billion Luck records, documents, certificates and other instruments as in our judgment are necessary or appropriate to enable us to render the opinions expressed below. Based upon the foregoing and such examination of law as we have deemed necessary, we are of the opinion that the Common Shares to be issued by Billion Luck under the circumstances contemplated in the Registration Statement will be issued as fully paid and non-assessable.</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Arial" align=justify><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Arial" align=justify>We hereby consent to the filing of this opinion with the Commission as an exhibit to the Registration Statement. We also consent to the reference to our firm under the caption &#147;Legal Matters&#148; in the Registration Statement. In giving this consent, we do not thereby admit that we are included in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission. </P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Arial" align=justify>&nbsp;</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Arial" align=justify>We are admitted to practice in the British Virgin Islands and we do not express any opinion with respect to matters governed by any laws other than the laws of the British Virgin Islands. </P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; padding-left:216pt; padding-right:36pt; width:234pt; font-family:Arial" align=justify><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; padding-left:216pt; padding-right:36pt; text-indent:-216pt; width:234pt; font-family:Arial" align=justify>Yours faithfully</P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; padding-left:216pt; padding-right:36pt; width:234pt; font-family:Arial" align=justify><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Arial" align=justify><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Arial" align=justify><BR></P>
<P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Arial" align=justify><B>WALKERS</B></P>
<A NAME="bkUserInit"></A><P style="margin-top:0pt; margin-right:126pt; margin-bottom:0pt; width:486pt; font-family:Arial" align=justify>.</P>
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