Sec Form 3 Filing - Tianjian Long Shun INV @ Takung Art Co., Ltd. - 2018-12-08

Insider filing report for Changes in Beneficial Ownership
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FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Tianjian Long Shun INV
2. Issuer Name and Ticker or Trading Symbol
Takung Art Co., Ltd. [ TKAT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
SHAZHUANG VILLAGE, SHUANGJIE TOWN, BEICHEN DISTRICT
3. Date of Earliest Transaction (MM/DD/YY)
12/08/2018
(Street)
TIANJIN CITY, F4300400
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 2,277,386 ( 1 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Tianjian Long Shun INV
SHAZHUANG VILLAGE, SHUANGJIE TOWN
BEICHEN DISTRICT
TIANJIN CITY, F4300400
X
Signatures
/s/Zhipan Zhao 02/26/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On October 30, 2018 and November 2, 2018, the Reporting Person was gifted an aggregate 2,277,386 shares of common stock of the Issuer from Yuyan Zhang, Wei Wei Wang, Ai Hua Tian and Hui Ngai Ma. The transfer was effected on December 8, 2018. The Reporting Person is a corporation incorporated under the laws of the People's Republic of China and have two shareholders, namely Tianjin Shun Chao Real Estate Development Corporation Limited ("Shun Chao") and Tianjin Shi Bei Chen Qu Shuang Jie Zhen Sha Zhuang Nong Industrial and Commercial Corporation Limited ("Shuang Jie"), holding 1.78% and 98.22% equity interests, respectively, in the Reporting Person. These shareholders have sole investment and voting powers over the shares owned by the Reporting Person in the proportion of their respective shareholdings in the Reporting Person. Shun Chao is managed and controlled Wenjiang Sun and Shuang Jie is managed and controlled by Zhifa Zhao, both natural Chinese citizens.

Remarks:
Zhipan Zhao is the Legal; Representative of the Reporting Person.

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