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CUSIP No. 001630102
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13D
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Page 2 of 5 Pages
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1.
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NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Sidney Chan
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) o
(b) o
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS (see instructions)
PF
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) o
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
Hong Kong
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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7.
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SOLE VOTING POWER
118,498,482
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8.
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SHARED VOTING POWER
00,000
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9.
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SOLE DISPOSITIVE POWER
118,498,482
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10.
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SHARED DISPOSITIVE POWER
00,000
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
118,498,482
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions)
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.9%
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14.
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TYPE OF REPORTING PERSON (see instructions)
In
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CUSIP No. 001630102
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13D
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Page 3 of 5 Pages
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a)
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Sidney Chan
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b)
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Personal Residence
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c)
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Chief Executive Officer
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d)
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During the past five years, I have not been convicted in a criminal proceeding
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e)
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During the past five years, I have not been party to a civil proceeding of a judicial or administrative body of competent jurisdiction.
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f)
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Citizenship
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a)
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The Company has 242,277,909 shares of common stock outstanding.
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b)
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I own and have the sole vote for 118,498,482 shares of common stock of the Company for a total of 48.9% of the outstanding shares of common stock of the Company.
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c)
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There were no common stock transactions in the last sixty days for myself.
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d)
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Not applicable
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e)
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Not applicable
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CUSIP No. 001630102
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13D
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Page 4 of 5 Pages
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A.
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I have issued line of credit financing agreements to the Company as follows:
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B.
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I have been granted the option to acquire shares of capital stock of the Company as follows:
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1.
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on April 1, 2014 the option to acquire 110,000,100 shares of common stock of the Company at a price of $0.03 per share for a term of five years,
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2.
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on December 28, 2012, the option to acquire 50,000,000 shares of common stock of the Company at a price of $0.03 per share for a term of five years
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3.
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on December 28, 2012, the option to acquire 50,000,000 shares of common stock of the Company, initially at a price of $0.05 per share for a term of five years, and subsequently modified to be exercisable at $0.03 per share
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4.
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on June 27, 2012, the option to acquire 35,750,000 shares of common stock of the Company for a term of five years, initially exercisable at a price of $0.07 per share and subsequently modified to be exercisable at a price of $0.03 per share
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5.
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on January 3, 2011, the option to acquire 20,000,000 of common stock of the Company for a term of five years, which was initially exercisable at a price of $0.10 per share and subsequently modified to be exercisable at a price of $0.03 per share.
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CUSIP No. 001630102
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13D
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Page 5 of 5 Pages
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SIDNEY CHAN
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Insert Name
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September 22, 2014
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Insert Date
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