UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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) ~~October~~November 1826, 2010

(November 23, 2010)

NEW ORIENTAL ENERGY & CHEMICAL CORP.

(Exact name of registrant as specified in its charter)

Delaware	001-33470	20-1917956
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

Xicheng Industrial Zone of Luoshan, Xinyang Henan Province, The People’s Republic of China 464200

Xicheng Industrial Zone of Luoshan, Xinyang
Henan Province, The People’s Republic of China	464200

(Address of principal executive offices)	(Zip Code)

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (86) 27 853 75701

(Former Name ~~name~~ or ~~former~~Former ~~address~~Address if ~~changed~~ ~~since~~Changed ~~last~~Since ~~report~~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))

~~Item~~oSoliciting material ~~1.01 Entry~~pursuant ~~into~~to aRule ~~Material~~14a-12 ~~Definitive Agreement~~under the Exchange Act (17 CFR 240.14a-12)

~~On October 18, 2010, New Oriental Energy~~oPre-commencement &communications ~~Chemical~~pursuant ~~Corp.~~to ~~(the “Company”)~~Rule ~~entered into an Indebtedness Conversion Agreement with Xingyang Hongchang Channel Gas Engineering Co., Ltd.~~ 14d-2(~~the “Holder”~~b) ~~for~~under the ~~conversion~~Exchange ofAct ~~$3,010,200 of~~(17 CFR ~~debt into 3,010,200 shares of common stock of the Company~~240. ~~The converted debt consisted of loans used to fund the construction of the Company’s methanol production facility.~~14d-2(b))

~~Item~~oPre-commencement ~~3.02 Unregistered~~communications ~~Sales~~pursuant ofto ~~Equity~~Rule 13e-4(c) under the Exchange Act (17 CFR ~~Securities~~240.13e-4(c))

~~The information provided in response to~~ Item 1 8.01 Other ~~of this report is incorporated by reference into this Item 3~~Events.~~02.~~

~~The~~In ~~shares~~its Quarterly ofReport ~~the~~on ~~Company’s~~Form ~~common~~10-Q ~~stock~~for ~~were~~the ~~issued~~period toended anSeptember 30, 2010, filed ~~accredited~~with ~~investor~~the inSecurities ~~reliance~~and onExchange ~~exemptions~~Commission ~~from~~(the ~~registration~~“SEC”) ~~pursuant~~on toNovember 22, 2010, ~~Section~~New ~~4(2)~~Oriental ~~under~~Energy & Chemical Corp. (the ~~Securities~~“Company”) ~~Act~~reported a total shareholders’ equity of ~~1933~~$1,765,697 as ~~amended~~of September 30, 2010, which included the deduction of a quarterly net loss of $660,901.

~~Item~~As previously reported on a Current Report on Form 8-K, filed with the SEC on October 20, 2010, the Company entered into an Indebtedness Conversion Agreement with Xingyang Hongchang Channel Gas Engineering Co.~~01 Other~~, ~~Events~~Ltd. on October 18, 2010 for the conversion of $3,010,200 of debt into 3,010,200 shares of common stock of the Company. As a result of that conversion, as of November 23, 2010, the Company is reporting a total shareholders’ equity of $4,741,299.

On October 20, 2010, the Company issued a press release regarding its entry into the conversion agreement with the Holder as described above. A copy of the press release is attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release of New Oriental Energy & Chemical Corp., dated October 20, 2010.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the ~~registrant~~Registrant has duly caused this ~~report~~Report to be signed on its behalf by the undersigned hereunto ~~duly~~ duly authorized.

Dated: ~~October~~ November 2026, 2010

NEW ORIENTAL ENERGY & CHEMICAL CORP. By: /s/ Donglai Li Name: Donglai Li Title: Chief Financial Officer

Filing Compare · New Oriental Energy & Chemical Corp.