Table of Contents

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2
(Amendment No. 1) *
China GrenTech Corporation Limited
 
(Name of Issuer)
Ordinary Shares, par value US$0.00002 each
 
(Title of Class of Securities)
16938P 10 7
 
(CUSIP Number)
December 26, 2007
 
(Date of Event Which Requires Filing of this Statement)
     Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
      o      Rule 13d-1(b)
      o      Rule 13d-1(c)
      þ      Rule 13d-1(d)
*   The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
     The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes ).
 
 


TABLE OF CONTENTS

SIGNATURE
INDEX TO EXHIBITS
EX-99.2 JOINT FILING AGREEMENT


Table of Contents

                     
CUSIP No.
 
16938P 10 7 
 

 

           
1   NAMES OF REPORTING PERSONS
Drag Investments Limited
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)    þ
  (b)    o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  British Virgin Islands
       
  5   SOLE VOTING POWER
     
NUMBER OF   64,290,000
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY  
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   64,290,000
       
WITH: 8   SHARED DISPOSITIVE POWER
     
   
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  64,290,000
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  10.3%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  CO

 


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CUSIP No.
 
16938P 10 7 
 

 

           
1   NAMES OF REPORTING PERSONS
Mr. Kunjie Zhuang
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)    þ
  (b)    o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  People’s Republic of China
       
  5   SOLE VOTING POWER
     
NUMBER OF  
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   64,290,000
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON  
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    64,290,000
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  64,290,000
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  10.3%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

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CUSIP No.
 
16938P 10 7 
 

 

           
1   NAMES OF REPORTING PERSONS
Mr. Haifan Zhuang
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)    þ
  (b)    o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  People’s Republic of China
       
  5   SOLE VOTING POWER
     
NUMBER OF  
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   64,290,000
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON  
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    64,290,000
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  64,290,000
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  10.3%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

3


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Item 1(a) Name of Issuer:
    China GrenTech Corporation Limited
Item 1(b) Address of Issuer’s Principal Executive Offices:
    16 th Floor, Zhongyin Tower, Caitian North Road, Futian District, Shenzhen 518026, China
Item 2(a) Name of Person Filing:
  (i)   Drag Investments Limited
 
  (ii)   Mr. Kunjie Zhuang
 
  (iii)   Mr. Haifan Zhuang
Item 2(b) Address of Principal Business Office or, if none, Residence:
  (i)   16 th Floor, Zhongyin Tower, Caitian North Road, Futian District, Shenzhen 518026, China
 
  (ii)   16 th Floor, Zhongyin Tower, Caitian North Road, Futian District, Shenzhen 518026, China
 
  (iii)   8-604 Jinshan Community, Licheng District, Quanzhou City, Fujian Province, China
Item 2(c) Citizenship:
  (i)   British Virgin Islands
 
  (ii)   People’s Republic of China
 
  (iii)   People’s Republic of China
Item 2(d) Title of Class of Securities:
    Ordinary Shares, par value US$0.00002 each
Item 2(e) CUSIP Number:
    16938P 10 7
  Note:     The CUSIP number is for the American depository shares (“ADSs”) evidencing the ordinary shares in respect of which this report is made, which are held on deposit pursuant to the issuer’s depository receipt program. The ordinary shares that are the subject of this report are not held in ADS form.
Item 3.   If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
  (a)   o Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
 
  (b)   o Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
 
  (c)   o Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).

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  (d)   o Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
 
  (e)   o An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).
 
  (f)   o An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).
 
  (g)   o A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
 
  (h)   o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
 
  (i)   o A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).
 
  (j)   o Group, in accordance with §240.13d-1(b)(1)(ii)(J).
    Not applicable. The report is being filed pursuant to Rule 13d-1(d).
Item 4. Ownership
  (a)   Amount beneficially owned: 64,290,000
  (b)   Percent of class: 10.3%
  (c)   Number of shares as to which the person has:
  (i)   Sole power to vote or to direct the vote 64,290,000
 
  (ii)   Shared power to vote or to direct the vote  
 
  (iii)   Sole power to dispose or to direct the disposition of 64,290,000
 
  (iv)   Shared power to dispose or to direct the disposition of
    The record holder of the 64,290,000 ordinary shares of the issuer is Drag Investments Limited, which was wholly owned by Mr. Kunjie Zhuang prior to November 1, 2007, who was also the sole director of Drag Investments Limited. Drag Investments Limited has 10 shares issued and outstanding. On November 1, 2007, Mr. Zhuang transferred two shares, representing 20% of his ownership in Drag Investments Limited, to Ms. Guoping Fan, his wife, who further transferred such shares to Mr. Haifan Zhuang, son of Mr. Kunjie Zhuang and Ms. Guoping Fan, on December 26, 2007. Mr. Haifan Zhuang has also become a director of Drag Investments Limited.

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Item 5. Ownership of Five Percent or Less of a Class
    If this statement is being filed to report the fact that as of the date hereof, the reporting person has ceased to be the beneficial owner of more than 5% of the class of securities, check the following  o .
Item 6. Ownership of More than Five Percent on Behalf of Another Person
    Not applicable.
Item 7.   Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
    Not applicable.
Item 8. Identification and Classification of Members of the Group
    Not applicable.
Item 9. Notice of Dissolution of Group
    Not applicable.
Item 10. Certifications
    Not applicable. The report is being filed pursuant to Rule 13d-1(d).

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SIGNATURE
     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
         
  February 12, 2008    
    (Date)  
     
         
 
Drag Investments Limited
 
 
  /s/ Kunjie Zhuang
 
 
  Name:   Kunjie Zhuang    
  Title:   Director   
 
         
  Kunjie Zhuang
 
 
  /s/ Kunjie Zhuang
 
 
  Kunjie Zhuang    
     
 
         
  Haifan Zhuang
 
 
  /s/ Haifan Zhuang
 
 
  Haifan Zhuang    
     

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Table of Contents

         
INDEX TO EXHIBITS
     
Exhibit
Number
  Description
     
99.2
  Joint Filing Agreement

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