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China Transinfo Technology (OTC BB: CTFO) has both a complicated structure and a complicated and not very good history. All info below from the most recent prospectus (announcing that owners of 25% of the shares outstanding are about to sell their holdings).

Disclosure: I am short CTFO.

Here is the company structure:

Here is the company's history:

Our Background  and History

We were originally incorporated in Nevada on August 3, 1998 under the name R & R Ranching, Inc. to breed bison. In about March 2003, R & R Ranching Inc. sold its bison to Blue Sky Bison Ranch, Ltd.

On March 31, 2003, we entered into an agreement and plan of reorganization, or the GloTech Delaware Acquisition Agreement, with GloTech Industries, Inc., a Delaware corporation, or GloTech Delaware. GloTech Delaware was incorporated on July 18, 2002 and its business was the designing and marketing of safety products using electroluminescent technology developed in cooperation with the University of Florida. Under the GlowTech Delaware Acquisition Agreement, GloTech Delaware became our wholly-owned subsidiary and we changed our name to GloTech Industries, Inc.

In about June 2004, we sold all of our business relating to the designing and marketing of safety products using electroluminescent technology to Marmaduke Capital Group, LLC, an entity related to an officer of the Company at the time of such sale.

On December 10, 2003, we executed an agreement and plan of reorganization, or the Intra-Asia Agreement, with Intra-Asia Entertainment Corporation, a Delaware corporation, or Intra-Asia Delaware, whereby Intra-Asia Delawarebecame our wholly-owned subsidiary and we amended our articles of incorporation to change our name to “Intra-Asia Entertainment Corporation.” At the time of the acquisition, Intra-Asia Delaware held an 85% equity interest in Weifang Fuhua Amusement Park Co., Ltd., or Fuhua, a Chinese joint venture organized in 1991 that held an equity interest in the Weifang Fuhua Amusement Park.

On January 31, 2006, Intra-Asia Delaware, entered into a share purchase agreement, or the Beijing Purchase Agreement, with Beijing Maidashi Investment Co., Ltd., or Beijing Maidashi, a Chinese corporation, pursuant to which it sold all of its shares of Fuhua. Under the Beijing Purchase Agreement, Beijing Maidashi took over all of

Intra-Asia Delaware’s rights and liabilities in Fuhua. Thereafter in the first half of 2006, Intra-Asia Delaware completed the sale of its eighty-five percent (85%) interest in Fuhua by entering into a supplementary agreement with Beijing Maidashi.

Following the closing of the Beijing Purchase Agreement, we did not engage in active business operations until we acquired Beijing PKU Chinafront High Technology Co., Ltd., or PKU, on May 14, 2007 when we completed a reverse acquisition transaction with Cabowise International Ltd., or Cabowise, a BVI company. On August 20, 2007, we amended our articles of incorporation and changed our name to China TransInfo Technology Corp. to more accurately reflect our current business operations. In connection with the name change, on August 20, 2007, we completed a 1-for-7.5 reverse stock split of our common stock which reduced our issued and outstanding common shares from 147,008,332 to 19,601,107 shares.

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