EX-10.05


 


UNITED STATES


SECURITIES AND EXCHANGE COMMISSION


WASHINGTON, D.C. 20549


 


 


FORM 8-K


 


CURRENT REPORT 


Pursuant to Section 13 or 15(d) of the 


Securities Exchange Act of 1934 


 


Date of report (Date of earliest event reported): 
December  21, 2010


 


 


USChina Channel Inc.


(Name of Small Business Issuer in its Charter)


 


 _____Nevada                         7389
                      20-4854568


(State or Other      (Primary
Standard Industrial       (I.R.S. Employer


Jurisdiction           Classification
Code Number)      Identification No.)


Of Organization)


 


665 Ellsworth Avenue, Connecticut, 06511


      Tel:
(203) 844-0809


(Address and Telephone Number of Registrant's
Principal Place of Business)


 


N/A


 


  (Former
name or former address, if changed since last report)


 


Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


 


o Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


 


o Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


 


o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


 


o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


 


_____________________________________________________________________________


 


ITEM 8.01   OTHER EVENTS.


 


      On December 21, 2010, the
Board of Directors of our company made decision: to purchase 1,265,456 shares of common stock of China Bull Management Inc on par
value $0.0001 per share for aggregate price of $126.55.


 


      The share offering of China
Bull Management Inc to USChina Channel is relative to the two companies’ close relations of the sole control interests of
Andrew Chien, not involving any public stock offering such as public solicits including advertisement, and was exempted
from the registration requirement due to Section 4(2) of the Securities Act of 1933, as amended.    


 


 


      These purchased shares will
distribute to the shareholders of our company on one to one basis that is every outstanding share of USChina Channel will get one
share distribution of China Bull Management Inc as a special dividend, or gift from the Company.


 


      The distribution of
these shares will follow the rules of Article V. Section 2 of By-Laws of USChina Channel, which gave every shareholder rejection
right in distributing shares of China Bull Management Inc.


 


      The record day of the shareholders
of our company for the distribution is December 31, 2010.


 


      USChina Channel also will
fill Form 10b-17 following FINRA Rule 6490 for this distribution.


 


      China Bull Management Inc
is a private company, registered in Nevada on December 20, 2010, owned by Andrew Chien, without any assets and liabilities. Before
the purchase, there is no share outstanding of China Bull Management Inc.


 


      


                              SIGNATURES


 


Pursuant to the requirements 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.


 


	 	 	 
	 Date: December 21, 2010      	
          USChina Channel Inc.

        (Registrant)



 


 


	 	 	 
	 	 	 


                                       /s/
Andrew Chien_______


                                       Andrew
Chien, Chairman