Stock Transfer Contract Entered by China Direct Industries, Inc. and its wholly owned subsidiary company (Party A) And Beauty East International Ltd. Shareholder Kong Tung and Hui Dong (Party B) May 6, 2011Stock Transfer Contract • May 12th, 2011 • China Direct Industries, Inc. • Primary smelting & refining of nonferrous metals • Hong Kong
This contract (the “Contract”) was entered by and between the following parties at Taiyuan China, on May 6, 2011among CDI China, Inc. a Florida corporation established and existing under the laws of U.S. , also a wholly owned subsidiary company of China Direct Industries, Inc. (NASDAQ:CDII), with its registered address at 431 Fairway Drive, Suite 200, Deerfield Beach, FL 33441 (hereinafter referred to as “Party A” or “CDI China”); and Mr. Kong Tung and Mr. Hui Dong regarding 100% interest of Beauty East International Ltd. ( “Beauty East”, a Hong Kong registered company with its registered address at Flat/RM A1 22/F Cheuk Nang Plaza, 250 Hennessy Road, Wanchai, HK. China) (hereinafter referred to as “Party B” or “Transfor”, among which Mr. Kong Tung owns 50% of Beauty East interest, and Mr. Hui Dong owns the other 50%). Beauty East legally owns 48% interest in Shanxi Gu County Golden Magnesium Industry Co., Ltd. (“Golden Magnesium”).
