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UNITED STATES OF AMERICA

Before the

SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934

Release No. 83099 / April 25, 2018

ADMINISTRATIVE PROCEEDING

File No. 3-18450

In the Matter of

Oriental Dragon Corp.,

Respondent.

ORDER INSTITUTING ADMINISTRATIVE 

PROCEEDINGS AND NOTICE OF HEARING 

PURSUANT TO SECTION 12(j) OF THE 

SECURITIES EXCHANGE ACT OF 1934

I.

The Securities and Exchange Commission (“Commission”) deems it necessary and 

appropriate for the protection of investors that public administrative proceedings be, and hereby 

are, instituted pursuant to Section 12(j) of the Securities Exchange Act of 1934 (“Exchange 

Act”) against Oriental Dragon Corp. (“Respondent”).

II.

After an investigation, the Division of Enforcement alleges that:

1. Oriental Dragon Corp. (CIK No. 1368196) (f/k/a Emerald Acquisition 

Corp.) is a Cayman Islands corporation headquartered in China. Its common stock is registered 

with the Commission pursuant to Section 12(g) of the Exchange Act, but is not traded or quoted

on any established trading market. 

2. Exchange Act Section 13(a) and the rules promulgated thereunder require 

issuers of securities registered pursuant to Exchange Act Section 12 to file with the Commission 

current and accurate information in periodic reports, even if the registration is voluntary under 

Section 12(g). Specifically, Rule 13a-1 requires issuers to file annual reports, and Rule 13a-13 

requires issuers to file quarterly reports.

3. Oriental Dragon Corp. is delinquent in its periodic filings with the 

Commission, having not filed any periodic reports since it filed a Form 10-Q for the quarter

ended September 30, 2013. Further, Oriental Dragon’s Form 10-K for the fiscal year ended 

December 31, 2012 does not comply with Regulation S-X, as Respondent’s auditor withdrew its 
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opinion issued on the financial statements for the fiscal year ended December 31, 2012. 

Respondent further failed to heed a delinquency letter sent to Respondent by the Division of 

Corporation Finance requesting compliance with its periodic filing obligations.

4. As a result of the foregoing, Respondent failed to comply with Exchange 

Act Section 13(a) and Exchange Act Rules 13a-1 and 13a-13.

III.

In view of the allegations made by the Division of Enforcement, the Commission deems 

it necessary and appropriate for the protection of investors that public administrative proceedings 

be instituted to determine:

A. Whether the allegations contained in Section II hereof are true and, in connection 

therewith, to afford the Respondent an opportunity to establish any defenses to such allegations; 

and

B. Whether it is necessary and appropriate for the protection of investors to suspend for a 

period not exceeding twelve months, or to revoke the registration of, each class of securities 

registered pursuant to Section 12 of the Exchange Act of the Respondent identified in Section II 

hereof, and any successor under Exchange Act Rules 12b-2 or 12g-3, and any new corporate 

names of Respondent.

IV.

IT IS HEREBY ORDERED that a public hearing for the purpose of taking evidence on 

the questions set forth in Section III hereof shall be convened at a time and place to be fixed, and 

before an Administrative Law Judge to be designated by further order as provided by Rule 110 

of the Commission’s Rule of Practice [17 C.F.R. § 201.110].

IT IS HEREBY FURTHER ORDERED that Respondent shall file an Answer to the 

allegations contained in this Order within ten (10) days after service of this Order, as provided by 

Rule 220(b) of the Commission’s Rules of Practice [17 C.F.R. § 201.220(b)]. 

If Respondent fails to file the directed Answer, or fails to appear at a hearing after being 

duly notified, the Respondent, and any successor under Exchange Act Rules 12b-2 or 12g-3, and 

any new corporate names of Respondent, may be deemed in default and the proceedings may be 

determined against it upon consideration of this Order, the allegations which may be deemed to 

be true as provided by Rules 155(a), 220(f), 221(f) and 310 of the Commission’s Rules of

Practice [17 C.F.R. §§ 201.155(a), 201.220(f), 201.221(f) and 201.310]. 

This Order shall be served forthwith upon Respondent personally or by certified, 

registered, or Express Mail, or by other means permitted by the Commission Rules of Practice.

IT IS FURTHER ORDERED that, pursuant to Rule 360(a)(2) of the Commission’s Rules 

of Practice [17 C.F.R. § 201.360(a)(2)], the Administrative Law Judge shall issue an initial 

decision no later than 30 days from the occurrence of one of the following events: (A) The 
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completion of post-hearing briefing in a proceeding where the hearing has been completed; (B) 

Where the hearing officer has determined that no hearing is necessary, upon completion of 

briefing on a motion pursuant to Rule 250 of the Commission’s Rules of Practice [17 C.F.R. 

§ 201.250]; or (C) The determination by the hearing officer that a party is deemed to be in 

default under Rule 155 of the Commission’s Rules of Practice [17 C.F.R. § 201.155] and no 

hearing is necessary.

In the absence of an appropriate waiver, no officer or employee of the Commission 

engaged in the performance of investigative or prosecuting functions in this or any factually 

related proceeding will be permitted to participate or advise in the decision of this matter, except 

as witness or counsel in proceedings held pursuant to notice. Since this proceeding is not “rule 

making” within the meaning of Section 551 of the Administrative Procedure Act, it is not 

deemed subject to the provisions of Section 553 delaying the effective date of any final 

Commission action

By the Commission.

Brent J. Fields

Secretary