Company China Chemical Corp. Other OTC

China Chemical Corp., formerly Bomps Mining, Inc. is an exploration-stage company. On September 30, 2010, the Company entered into a Share Exchange Agreement with Gold Champ Consultants Limited (Gold Champ), pursuant to which the Company acquired 100% of Gold Champ. On September 30, 2010, Zibo Jiazhou Chemical Industry Co., Ltd. (ZBJZ) entered into contractual agreements (known as a variable interest entity (VIE) arrangement) with Zibo Costar Information Consulting Co., Ltd. (Zibo Costar), under which Zibo Costar provides exclusive management and technical services and exclusive technology consulting services (collectively, the Service Agreements) to ZBJZ. After the share exchange, Gold Champ and Zibo Costar became wholly owned subsidiaries of CHCC, and ZBJZ became the principal operating subsidiary. ZBJZ is principally engaged in the manufacturing of organic chemical compounds.