SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
(Rule
13d-102)
INFORMATION
TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO
RULE 13D-1(a) AND AMENDMENTS THERETO FILED
PURSUANT
TO RULE 13D-2(9)
(Amendment
No. _______)*
CHINA
CLEAN ENERGY INC.
___________________________________________________________
(Name of
Issuer)
COMMON
STOCK, PAR VALUE $0.001
____________________________________________________________
(Title of
Class of Securities)
16939E 10
1
_______________________________________
(CUSIP
Number)
Qin
Yang
c/o China
Clean Energy Inc.
20
Sterling Circle, Suite 204
Wheaton,
Illinois 60187
(224)
402-3270
_____________________________________________________________________________________________
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
August
24, 2009
_____________________________________________________________
(Date of
Event which Requires Filing of this Statement)
If the
filing person has previously filed a statement on Schedule 13G to report the
acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1 (g), check
the following box
¨
.
Note
. Schedules
filed in paper format shall include a signed original and five copies of the
schedule, including all exhibits.
See
Section 240.13d-7 for
other parties to whom copies are to be sent.
(Continued
on following pages)
(Page 1
of 5 Pages)
________________________
*The remainder of this
cover page shall be filled out for a reporting person's initial filing on this
form with respect to the subject class of securities, and for any subsequent
amendment containing information which would alter disclosures provided in a
prior cover page.
The
information required on the remainder of this cover page shall not be deemed to
be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934
(“Act”) or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however,
see
the
Notes
).
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CUSIP No.
16939E 10 1
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13D
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Page
2 of 5
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1.
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NAME
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Qin
Yang
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2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
¨
(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
OO
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5.
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d)
or 2(e)
¨
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6.
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CITIZENSHIP
OR PLACE OF ORGANIZATION
The
People’s Republic of China
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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
3,530,567(1)
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8.
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SHARED
VOTING POWER
3,992,271(2)
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9.
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SOLE
DISPOSITIVE POWER
3,530,567(1)
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10.
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SHARED
DISPOSITIVE POWER
3,992,271(2)
|
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11.
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,522,838
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12.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDE
CERTAIN
SHARES
x
|
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13.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.8%
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14.
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TYPE
OF REPORTING PERSON
IN
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(1)
Includes options to purchase 11,667 shares of the Issuer’s common stock that are
exercisable within 60 days of the date of this Schedule 13D.
(2)
Includes (i) 3,916,438 shares of the Issuer’s common stock held by Tai-ming Ou,
the Reporting Person’s husband, and (ii) options to purchase 75,833 shares of
the Issuer’s common stock held by Tai-ming Ou that are exercisable within 60
days of the date of this Schedule 13D.
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CUSIP No. 16939E 10 1
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13D
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Page 3 of 5
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Item
1. Security and Issuer.
This
Schedule 13D relates to the common stock, par value $0.001 per share (the
“Common Stock”), of China Clean Energy Inc., a Delaware corporation (the
“Issuer”). The principal executive offices of the Issuer are located
at 20 Sterling Circle, Suite 204, Wheaton, Illinois 60187.
Item
2. Identity and Background.
(a) This
Schedule 13D is filed by Qin Yang (the “Reporting Person”).
(b)
The Reporting Person’s business address
is c/o China Clean Energy Inc., 20 Sterling Circle, Suite 204, Wheaton, Illinois
60187
.
(c) The
Reporting Person’s principal occupation is serving as a director of the Issuer,
which is located at 20 Sterling Circle, Suite 204, Wheaton, Illinois
60187.
(d) During
the last five years, the Reporting Person has not been convicted in any criminal
proceeding.
(e) During
the last five years, the Reporting Person has not been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction and as
a result of such proceeding was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation with
respect to such laws.
(f) The
Reporting Person is a citizen of the People’s Republic of China.
Item
3. Source and Amount of Funds or Other Consideration.
On October 24, 2006, the Issuer
acquired all of the issued and outstanding capital stock of China Clean Energy
Resources, Ltd., a British Virgin Islands corporation (“CCER”), pursuant to a
share exchange (the “Share Exchange”). At the effective time of the
Share Exchange, each ordinary share of CCER was exchanged for 319.9 shares of
the Issuer’s Common Stock. Immediately prior to the Share Exchange,
the Reporting Person beneficially owned 11,000 ordinary shares of CCER, which
were exchanged for 3,518,900 shares of the Issuer’s Common Stock. In addition,
Tai-ming Ou, the Reporting Person’s husband, beneficially owned 15,500 ordinary
shares of stock of CCER, which were exchanged for 4,958,450 shares of the
Issuer’s Common Stock.
On January 9, 2008, the Issuer granted
the Reporting Person an option to purchase 10,000 shares of its Common Stock at
an exercise price of $2.50 per share, of which 1/12 becomes exercisable every
three months commencing on April 9, 2008.
On January 9, 2008, the Issuer granted
the Reporting Person an option to purchase 10,000 shares of its Common Stock at
an exercise price of $3.00 per share, of which 1/12 becomes exercisable every
three months commencing on April 9, 2008.
On January 9, 2008, the Issuer granted
Tai-ming Ou, the Reporting Person’s husband, an option to purchase 65,000 shares
of its Common Stock at an exercise price of $2.50 per share, of which 1/12
becomes exercisable every three months commencing on April 9,
2008.
On January 9, 2008, the Issuer granted
Tai-ming Ou, the Reporting Person’s husband, an option to purchase 65,000 shares
of its Common Stock at an exercise price of $3.00 per share, of which 1/12
becomes exercisable every three months commencing on April 9,
2008.
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CUSIP No. 16939E 10 1
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13D
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Page 4 of 5
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On January 30, 2009, Tai-ming Ou, the
Reporting Person’s husband, transferred 1,042,012 shares of Common Stock of the
Issuer to each of the investors in the Issuer’s $15,000,000 January 9, 2008
private placement, for no consideration, due to the Issuer’s failure to achieve
certain performance targets.
Item
4. Purpose of Transaction.
The
shares of Common Stock acquired by the Reporting Person were acquired for
investment purposes. The Reporting Person presently does not have any plans or
proposals that would relate to or result in any of the matters set forth in
subparagraphs (a) - (j) of Item 4 of Schedule 13D.
Item
5. Interest in Securities of the Issuer.
(a) As
of October 15, 2009, the Reporting Person may be deemed the beneficial owner of
7,522,838 shares of the Issuer’s Common Stock, which number of shares includes
(i) 3,916,438 shares of Common Stock held by Tai-ming Ou, the Reporting Person’s
husband, (ii) options to purchase 11,667 shares of Common Stock that are
exercisable within 60 days of the date of this Schedule 13D and (iii) options to
purchase 75,833 shares of Common Stock held by Tai-ming Ou that are exercisable
within 60 days of the date of this Schedule 13D, collectively representing 23.8%
of the outstanding Common Stock based on 31,512,269 shares of Common Stock
outstanding as of August 12, 2009.
(b) The
Reporting Person has the sole power to vote or to direct to vote and to dispose
or to direct the disposition of 3,530,567 shares of Common Stock, which number
of shares includes 11,667 shares of the Issuer’s Common Stock that are
exercisable within 60 days of the date of this Schedule 13D. The Reporting
Person may also be deemed to have shared power to vote or to direct to vote and
to dispose or to direct the disposition of 3,992,271 shares of Common Stock
beneficially owned by Tai-ming Ou, the Reporting Person’s husband, which number
of shares includes 75,833 shares of the Issuer’s Common Stock that are
exercisable by Mr. Ou within 60 days of the date of this Schedule
13D.
(c) During
the past 60 days, the Reporting Person affected no transactions in the Common
Stock other than as set forth in this Schedule 13D.
(d) No
entity or person other than the Reporting Person is known to have the right to
receive, or the power to direct the receipt of dividends from, or the proceeds
from the sale of, the 3,518,900
shares of Common Stock
that are directly held by the Reporting Person, along with the 11,667 shares of
the Issuer’s Common Stock underlying options held by the Reporting Person that
are exercisable within 60 days of the date of this Schedule 13D. Tai-ming Ou, on
the other hand, has the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of, the 3,916,438
shares of Common Stock
that are directly held by Mr. Ou, along with the 75,833 shares of the Issuer’s
Common Stock underlying options held by Mr. Ou that are exercisable within 60
days of the date of this Schedule 13D. The Reporting Person disclaims beneficial
ownership of all shares of Common Stock beneficially held by Tai-ming
Ou.
(e) Not
applicable.
Item
6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
Not
applicable.
Item
7. Material to be Filed as Exhibits.
Not
applicable.
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CUSIP No. 16939E 10 1
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13D
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Page 5 of 5
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SIGNATURE
After
reasonable inquiry and to the best of my knowledge and belief, I certify that
the information set forth in this statement is true, complete and
correct.
Dated: October
14, 2009
Grafico Azioni China Clean Energy (CE) (USOTC:CCGY)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni China Clean Energy (CE) (USOTC:CCGY)
Storico
Da Giu 2023 a Giu 2024
