FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden
hours per response... 0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

CHEN SI QIANG 		2. Issuer Name and Ticker or Trading Symbol

New Oriental Energy & Chemical Corp. [ NOEC ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Executive Officer
(Last)          (First)          (Middle)

XICHENG INDUSTRIAL ZONE OF LUOSHAN, XINYANG HENAN 		3. Date of Earliest Transaction (MM/DD/YYYY)

9/28/2010
(Street)

PROVINCE, F4 00000
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   9/28/2010     P (1)    938496   A $938496   8438496   D   (2)  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  On September 28, 2010, New Oriental Energy & Chemical Corp. (the "Company") and Chen Siqiang entered into an Indebtedness Conversion Agreement (the "Conversion Agreement") pursuant to which, in lieu of cash payment for money Chen Siqiang advanced to the Company (the "Loans"), the Company issued shares of its common stock for such portion of the Loans.
( 2)  Auto Chance International Limited ("Auto Chance") owns 7,500,000 shares of common stock of the Company. As the majority stockholder of Auto Chance, Chen Siqiang has an indirect pecuniary interest in the common stock of the Company. Chen Siqiang owns, and has a direct pecuniary interest in, 938,496 shares of common stock of the Company pursuant to the Conversion Agreement.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
CHEN SI QIANG
XICHENG INDUSTRIAL ZONE OF LUOSHAN
XINYANG HENAN
PROVINCE, F4 00000 		X
Chief Executive Officer

Signatures
/s/ Chen Siqiang 9/28/2010
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
New Oriental Energy & Chemical Corp. (MM) (NASDAQ:NOEC)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more New Oriental Energy & Chemical Corp. (MM) Charts.
New Oriental Energy & Chemical Corp. (MM) (NASDAQ:NOEC)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more New Oriental Energy & Chemical Corp. (MM) Charts.