UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
8-K
CURRENT
REPORT PURSUANT
TO
SECTION 13 OR 15(D) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of
report (Date of earliest event reported) Apri15. 2007
PAY88,
INC.
(Exact
Name of Registrant as Specified in Its Charter)
NEVADA
(State
or
Other Jurisdiction of Incorporation)
|
000-51793
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20-3136572
|
|
(Commission
File Number)
|
(IRS
Employer Identification
No.)
|
1053
North Barnstead Road
Barnstead,
NH 03225
(Address
of Principal Executive Offices)
(Zip
Code)
(603)
776-6044
(Registrant's
Telephone Number, Including Area Code)
(Former
Name or Former Address, if Changed Since Last Report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
o Written
communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting
material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Section
5 -
Corporate
Governance and Management
Item
5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
On
April
5, 2007, the board of directors of the Pay88, Inc. (the "Registrant") appointed
Mr. Tao Fan
as a
director of the Registrant, effective as of said date, to serve until his
successor is elected and
qualified.
Mr.
Tao
Fan is the Chief Operating Officer of the Registrant. Mr Tao Fan is also the
Chief Executive Officer and Chairman of the Board of Directors of Chongqing
Qianbao Technology Ltd.,
a
limited liability company organized under the laws of the People's Republic
of
China ("Qianbao").
Qianbao is a wholly-owned subsidiary of the Registrant. Mr. Tao Fan is also
the
Chief Executive Officer of Chongqing Yahu Information Development Co., Ltd.
("Yahu"),
a principal
shareholder of the Registrant. Over the past five years, Mr. Tao Fan has served
as a senior operations consultant for several Chinese corporations. These
corporations include but are not limited to Chongqing Wanguo Shareholding Co.,
Ltd., Chongqing Ice Water Ltd., and Chongqing Shuanggui Industrial Garden Ltd.
Mr. Tao Fan studied in China Northern Industrial University from 1991 to 1993,
majoring in English and Information Technology.
Mr.
Tao
Fan is the brother of Mr. Guo Fan, a director and officer of Registrant. In
September 2006,
Mr.
Tao Fan was instrumental in the successfully acquisition of Qianbao by the
Registrant. Mr.
Tao
Fan is the holder of 5% of Qianbao's issued shares of capital
stock.
Mr.
Tao
Fan has not been affiliated with any company that has filed for bankruptcy
within the last
five
years.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report
to
be signed on its behalf by the undersigned hereunto duly
authorized.
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| Date:
April 6, 2007 |
PAY88,
INC. |
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|
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By: |
/s/ Guo
Fan |
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Name:
Guo Fan
Title:
President, Chief Executive Officer
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