UNITED STATES


SECURITIES AND EXCHANGE COMMISSION


WASHINGTON, D.C. 20549





FORM 10-K/A





ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF





THE SECURUTIES EXCHANGE ACT OF 1934





For the fiscal year ended August 31, 2010





Commission file number 333-156383





China Chemical Corp.


(Formerly known as Bomps Mining, Inc.)


(Exact name of registrant as specified in its charter)





Delaware

26-3018106(State or Other Jurisdiction of  Incorporation or Organization)

(I.R.S. Employer Identification No.)





1, Electric Power Plant Road


Zhou Cun District


Zibo, People’s Republic of China


(Address of Principal Executive Offices & Zip Code)





86-0533-61668699





(Registrant’s Telephone Number)








Securities registered pursuant to Section 12(b) of the Act:





None





Securities registered pursuant to 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. Yes [ ] No [X]





Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act Yes [ ] No [X]





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. Yes [X] No [ ]





Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (ss.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). Yes [ ] No [ ]





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. [X]





Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):





Large accelerated filer [ ]

Accelerated filer [ ]Non-accelerated filer [ ]

Smaller reporting company [X](Do not check if a smaller reporting company)





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





As of April 7, 2011, the registrant had 30,015,000 shares of common stock issued and outstanding. No market value has been computed based upon the fact that no active trading market had been established.








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EXPLANATORY NOTE





We are filing this Amendment to our Form 10-K for the fiscal year ended August 31, 2010 (“Original Annual Report”), in response to certain comments made by the staff of the SEC (the “Staff”). This Amendment is being filed for the purpose of restating the disclosure in Item 9A(T), Controls and Procedures, to respond to the SEC’s comments threreto.





Except as described above, the remainder of the Original Annual Report is unchanged and does not reflect events occurring after the filing of the Original Annual Report with the SEC on October 22, 2010. Accordingly, this Amendment should be read in conjunction with the Original Annual Report.








ITEM 9A. CONTROLS AND PROCEDURES





EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES





Under the supervision and with the participation of our management, including our principal executive officer and the principal financial officer, we have conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities and Exchange Act of 1934, as of the end of the period covered by this report. Based on this evaluation, our principal executive officer and principal financial officer concluded as of the evaluation date that our disclosure controls and procedures were not effective such that the material information required to be included in our Securities and Exchange Commission reports is accumulated and communicated to our management, including our principal executive and financial officer and is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms relating to our company, particularly during the period when this report was being prepared.





MANAGEMENT'S ANNUAL REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING





Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act, for the company.





As defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934, internal control over financial reporting is a process designed by, or under the supervision of, the Company’s principal executive, principal operating and principal financial officers, or persons performing similar functions, and effected by the Company’s 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 accounting principles generally accepted in the United States of America.





Management recognizes that there are inherent limitations in the effectiveness of any system of internal control, and accordingly, even effective internal control can provide only reasonable assurance with respect to financial statement preparation and may not prevent or detect material misstatements. In addition, effective internal control at a point in time may become ineffective in future periods because of changes in conditions or due to deterioration in the degree of compliance with our established policies and procedures. A material weakness is a significant deficiency, or combination of significant deficiencies, that results in there being a more than remote likelihood that a material misstatement of the annual or interim financial statements will not be prevented or detected.











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Under the supervision and with the participation of our president, management conducted an evaluation of the effectiveness of our internal control over financial reporting, as of August 31, 2010, based on the framework set forth in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Based on our evaluation under this framework, management concluded that our internal control over financial reporting was not effective as of the evaluation date due to the factors stated below.





Management assessed the effectiveness of the Company's internal control over financial reporting as of evaluation date and identified the following material weaknesses:





INSUFFICIENT RESOURCES: We have an inadequate number of personnel with requisite expertise in the key functional areas of finance and accounting.





INADEQUATE SEGREGATION OF DUTIES: We have an inadequate number of personnel to properly implement control procedures.





LACK OF AUDIT COMMITTEE & OUTSIDE DIRECTORS ON THE COMPANY'S BOARD OF DIRECTORS:





We do not have a functioning audit committee or outside directors on our board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures.





Management is committed to improving its internal controls and will (1) continue to use third party specialists to address shortfalls in staffing and to assist the Company with accounting and finance responsibilities, and (2) increase the frequency of independent reconciliations of significant accounts which will mitigate the lack of segregation of duties until there are sufficient personnel Management, including our president, has discussed the material weakness noted above with our independent registered public accounting firm.





Due to the nature of this material weakness, there is a more than remote likelihood that misstatements which could be material to the annual or interim financial statements could occur that would not be prevented or detected.





This annual report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by the our registered public accounting firm.





CHANGES IN INTERNAL CONTROLS OVER FINANCIAL REPORTING





There have been no changes in our internal control over financial reporting that occurred during the last fiscal quarter for our fiscal year ended August 31, 2010 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.








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PART IV





ITEM 15. EXHIBITS


Exhibits





Exhibit No.

Description31.1

Section 302 Certification of Principal Executive Officer*31.2

Section 302 Certification of Principal Financial Officer*32.1

Section 906 Certification of Principal Executive Officer*32.2

Section 906 Certification of Principal Financial Officer** Filed herewith.











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SIGNATURES





Pursuant to the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.





China Chemical Corp.April 12, 2011
By:
/s/ Lu FengLu FengChief Executive Officer(Principal Executive Officer)April 12, 2011
By:
/s/  Dean HugeDean HugeChief Financial Officer(Principal Financial Officer)





Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.








Signature

Title

Date/s/ Lu Feng

Chief Executive Officer and Chairman

April 12, 2011Lu Feng

(Principal Executive Officer)/s/ Lu Lingliang

Director and Vice-Chairman

April 12, 2011Lu Lingliang/s/  Dean Huge

Chief Financial Officer

April 12, 2011Dean Huge

(Principal Financial Officer)/s/ Doug Cole

Director

April 12, 2011Doug Cole/s/ Chen Hui

Director

April 12, 2011Chen Hui/s/ Jared Wang

Director

April 12, 2011Jared Wang

















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