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): May 22, 2006
CHINA NATURAL GAS, INC.
(Exact name of registrant as specified in its charter)
Delaware 000-31539 98-0231607
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification Number)
Tang Xing Shu Ma Building, Suite 418
Tang Xing Road
Xian High Tech Area
Xian, Shaanxi Province
China
(Address of principal executive offices) (zip code)
86-29-88323325
(Registrant's telephone number, including area code)
Copies to:
Marc J. Ross, Esq.
Yoel Goldfeder, Esq.
Sichenzia Ross Friedman Ference LLP
1065 Avenue of the Americas
New York, New York 10018
Phone: (212) 930-9700
Fax: (212) 930-9725
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 (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
Effective May 22, 2006, Minqing Lu resigned as the Chief Executive Officer
and as a member of the Board of Directors of China Natural Gas, Inc. (the
"Company"). Mr. Lu has been appointed as the Director of New Business
Development. Subsequent to the foregoing resignation, Qinan Ji, the current
Chairman of the Board, was appointed as the Chief Executive Officer of the
Company.
Item 7.01 Regulation FD Disclosure
On May 23, 2006, the Company announced that it completed its fourth
natural gas station in the Xi'an area. A copy of the press release that
discusses this matter is filed as Exhibit 99.1 to, and incorporated by reference
in, this report. In accordance with Regulation FD, this current report is being
filed to publicly disclose all information that was provided in its press
release. This report under Item 7.01 is not deemed an admission as to the
materiality of any information in this report that is required to be disclosed
solely by Regulation FD.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
99.1 Press Release, dated May 23, 2006, issued by China Natural Gas, Inc.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CHINA NATURAL GAS, INC.
Dated: May 23, 2006 By: /s/ QINAN JI
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Qinan Ji,
Chief Executive Officer
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