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Hong Yuan Holding Group
2213 Killion Ave
Phone: (812) 220-5400p:812 220-5400 ZHENGZHOU, HEN  450000  China Ticker: CERP CERP
On 5/3/2024, the Securities and Exchange Commission (SEC) charged BF Borgers CPA PC and its owner, Benjamin F. Borgers, with significant violations of Public Company Accounting Oversight Board (PCAOB) standards across more than 1,500 SEC filings from January 2021 to June 2023. The charges included falsely representing compliance with PCAOB standards to clients, fabricating audit documentation, and inaccurately stating compliance in audit reports. According to the SEC's order, of 369 BF Borgers' clients whose public filings from January 2021 through June 2023 incorporated the firm's audits and reviews, at least 75 percent of the filings incorporated audits and reviews that did not comply with PCAOB standards. The financials in this report may include past audits and reviews conducted by BF Borgers CPA PC that are deemed not compliant with PCAOB standards.
Business Summary
Hong Yuan Holding Group, formerly Cereplast Inc, is engaged in developing and commercializing bio-based resins through two product families: Cereplast Compostables Resins, which are compostable, renewable, ecologically sound substitutes for petroleum-based plastics, and Cereplast Sustainables resins (including the Cereplast Hybrid Resins product line), which replaces up to 90% of the petroleum-based content of traditional plastics with materials from renewable resources. Its resins can be converted into finished products using conventional manufacturing equipment without additional capital investment by downstream converters. Its compostable and sustainable resins can be used in the conventional converting process that includes injection molding, thermoforming, blown film, blow molding, extrusion for profiles and extrusion coating.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
6/30/202412/31/2023YesYesYes-Yes

Industries
SIC Code Description
2821 Plastics materials, synthetic resins, and nonvulcanizable elastomers
6726 Unit investment trusts, face-amount certificate offices

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board, Chief Executive Officer, Founder FredericScheer 58 3/19/2008
Chief Financial Officer, Senior Vice President MichaelOkada 46 2/5/2013 2/10/2012
Senior Vice President, Chief Technology Officer Kelvin T.Okamoto 53 4/1/2011 12/1/2010
4 additional Officers and Directors records available in full report.

Business Names
Business Name
Cereplast International, S.A.
Cereplast Italia SpA
Cereplast, Inc.
CERP
CERPQ
HGYN

General Information
Number of Employees: 16 (As of 12/31/2012)
Outstanding Shares: 74,640,766 (As of 8/6/2024)
Shareholders: 206
Stock Exchange: OTC
Federal Tax Id: 912154289
Fax Number: (812) 524-1715


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Wednesday, October 16, 2024