CUSIP
No. 252441209
|
13D
|
Page
2 of 6 Pages
|
1
|
NAME
OF REPORTING PERSONS
S.S.
OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Liaoning
Nengfa Weiye New Energy Application Co., Ltd. (“Weiye
Energy”)
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
¨
(b)
¨
|
3
|
SEC
USE ONLY
|
4
|
SOURCE
OF FUNDS*
WC
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d)
or 2(e) ¨
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
British
Virgin Islands
|
NUMBER
OF SHARES
|
7
|
SOLE
VOTING POWER
25,811,429
|
BENEFICIALLY
OWNED
BY
|
8
|
SHARED
VOTING POWER
0
|
EACH
REPORTING
|
9
|
SOLE
DISPOSITIVE POWER
25,811,429
|
PERSON
WITH
|
10
|
SHARED
DISPOSITIVE POWER
0
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
25,811,429
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN
SHARES*
¨
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
77.68%
|
14
|
TYPE
OF REPORTING PERSON*
HC
|
CUSIP
No. 252441209
|
13D
|
Page
3 of 6 Pages
|
1
|
NAME
OF REPORTING PERSONS
S.S.
OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Lihua
Wang
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
¨
(b)
¨
|
3
|
SEC
USE ONLY
|
4
|
SOURCE
OF FUNDS*
WC
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d)
or 2(e) ¨
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
British
Virgin Islands
|
NUMBER
OF SHARES
|
7
|
SOLE
VOTING POWER
0
|
BENEFICIALLY
OWNED
BY
|
8
|
SHARED
VOTING POWER
25,811,429(3)
|
EACH
REPORTING
|
9
|
SOLE
DISPOSITIVE POWER
0
|
PERSON
WITH
|
10
|
SHARED
DISPOSITIVE POWER
25,811,429(3)
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,162,286(3)
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN
SHARES*
¨
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.54%(3)
|
14
|
TYPE
OF REPORTING PERSON*
HC
|
CUSIP
No. 252441209
|
13D
|
Page
4 of 6 Pages
|
1
|
NAME
OF REPORTING PERSONS
S.S.
OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Gang
Li
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
¨
(b)
¨
|
3
|
SEC
USE ONLY
|
4
|
SOURCE
OF FUNDS*
WC
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d)
or 2(e) ¨
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
People’s
Republic of China
|
NUMBER
OF SHARES
|
7
|
SOLE
VOTING POWER
0
|
BENEFICIALLY
OWNED
BY
|
8
|
SHARED
VOTING POWER
25,811,429(3)
|
EACH
REPORTING
|
9
|
SOLE
DISPOSITIVE POWER
0
|
PERSON
WITH
|
10
|
SHARED
DISPOSITIVE POWER
25,811,429(3)
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
20,649,143(3)
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN
SHARES*
¨
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
62.15%(3)
|
14
|
TYPE
OF REPORTING PERSON*
HC
|
· |
a
stock purchase agreement between Gang Li, the Company’s chairman,
president and chief executive officer of the Company and Pelaria,
pursuant
to which Mr. Li sold 19,991,429 shares of common stock to Pelaria
for
$1,235,829, or approximately $.06 per share. Payment was made from
Pelaria’s working capital.
|
· |
A
stock purchase agreement between Lihua Wang, the Company’s chief financial
officer, and Cloverbay pursuant to which Ms. Wang sold 5,820,000
shares of
common stock to Cloverbay for $116,400.approximately $.02 per share,
and
was paid out of the working capital of
Cloverbay.
|
Exhibit
No.
|
Description
of Exhibit
|
1
|
Stock
Purchase Agreement dated as of January 10, 2008, by and among Lihua
Wang
and Cloverbay International Limited, incorporated by reference to
Exhibit
10.1 of the Form 8-K filed by the Issuer on March 13, 2008.
|
2
|
Stock
Purchase Agreement dated as of January 10, 2008, by and among Gang
Li and
Pelaria International Limited, incorporated by reference to Exhibit
10.2
of the Form 8-K filed by the Issuer on March 13,
2008.
|
NF
ENERGY SAVING CORPORATION OF AMERICA
|
|||
March
13, 2008
|
By:
|
/s/ Gang Li | |
Name:
|
Gang
Li
|
||
Title:
|
President
and Chief Executive Officer
|