UNITED STATES SECURITIES AND EXCHANGE COMMISSION


Washington, D.C. 20549





Form 10-K/A


(Amendment No. 4)





x
ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended September 30, 2010o
TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from                                                                to





Commission File Number: 0-18344





Sooner Holdings, Inc.


(Exact name of registrant as specified in its charter)





Oklahoma
73-1275261(State or other jurisdiction of
(I.R.S. Employerincorporation or organization)
Identification No.)Long Shan Development Area

Han Jiang Town, ShiShi City, Fujian, PRC

(Address of principal executive offices)



With a copy to

John Yung, Esq.

Locke Lord Bissell & Liddell

500 Capitol Mall, Suite 1800

Sacramento, CA  95814

jyung@lockelord.com





86-755-25331366


(Registrant’s Telephone Number, Including Area Code)





Securities registered under Section 12(b) of the Act:


None





Securities registered under Section 12(g) of the Act:


None








Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.


oYes   x No





Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act.


xYes   o No





Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. xYes   o No





Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Date File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  oYes   o No





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Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. o











Large accelerated filer o
Accelerated filer  oNon-accelerated filer   o
Smaller reporting company x




Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).x Yes  o No


State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the $0.155 net average bid and asked price of such common equity, as of the last business day of registrant’s most recently completed second fiscal quarter (March 31, 2010):  $1,966,642.
  As of December 23, 2010, there were 12,688,016 shares of the Registrant's Common Stock, par value $0.001 per share, outstanding.


Documents Incorporated By Reference


List hereunder the following documents if incorporated by reference and the Part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document is incorporated:  (1) Any annual report to security holders; (2) Any proxy or information statement; and (3) Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933.  The listed documents should be clearly described for identification purposes (e.g., annual report to security holders for fiscal year ended December 24, 1980).  None





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Explanatory Note.





In connection with a SEC Staff comment letter, the Company is revising its Item 9A disclosure regarding Controls and Procedures.





Item 9A.Controls and Procedures.





Evaluation of Disclosure Controls and Procedures.





The Company’s management, under the supervision and with the participation of its chief executive officer and chief financial officer, evaluated the effectiveness of the design and operation of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of end of the period covered by this Annual Report.  Based on such evaluation, our chief executive officer and chief financial officer have concluded that, as of the end of the period covered by this Annual Report, our disclosure controls and procedures were not effective because we did not develop a framework from which to determine whether our internal controls over financial reporting are effective and we were previously late on filing certain periodic reports with the Commission.  Disclosure controls and procedures are controls and procedures designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Commission’s rules and forms and include controls and procedures designed to ensure that information we are required to disclose in such reports is accumulated and communicated to management, including our chief executive officer and chief financial officer, as appropriate, to allow timely decisions regarding required disclosure.





Management’s Annual Report on Internal Control over Financial Reporting.





Management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Rule 13a-15(f) of the Exchange Act.  Internal control over financial reporting is defined under the Exchange Act as a process designed by, or under the supervision of, our chief executive officer and chief financial officer and effected by our board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles and includes those policies and procedures that:





·
Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of our assets;


·
Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with authorizations of our management and directors; and


·
Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements.





Due to limited personnel and funds, we did not develop a framework from which to determine whether our internal controls over financial reporting are effective.  As a result we cannot conclude whether our internal controls over financial reporting are effective or ineffective for the year ended September 30, 2010.





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We are currently in the process of interviewing consultants to assist in developing a framework from which to determine whether our internal controls over financial reporting are effective.  We hope to make our selection within the next couple of months.  Because we have just begun the process of talking to consultants, we cannot, at this time, determine when our evaluation will be complete as to determine whether our internal controls over financial reporting are effective.





In addition, once our evaluation of internal controls over financial reporting is complete, we will amend our Form 10-K for the year ended September 30, 2010 to state whether our internal controls over financial reporting are effective or ineffective.





Changes in Internal Controls Over Financial Reporting





No change in the registrant's internal control over financial reporting occurred during the registrant's last fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.  However, in light of our disclosure that we have not yet develop a framework from which to determine whether our internal controls over financial reporting are effective or ineffective, it is anticipated that there will be changes to our internal controls over financial reporting.





Item 15.Exhibits, Financial Statements and Schedules.





The following documents are filed as part of this Annual Report:




(b)




Exhibit Number
Description31.1
Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes Oxley Act of 200231.2
Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes Oxley Act of 2002








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Signatures





Pursuant to the requirements of Section 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this amendment to annual report to be signed on its behalf by the undersigned, thereunto duly authorized.







Sooner Holdings, Inc.Dated:  June 13, 2011
By:      /s/ Ang Kahn HanAng, Kahn Han, President








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