Other Events, Financial Statements and Exhibits

Item 8.01 Other Events

Effective August 1, 2006, the Company completed the change of its corporate name from “Teda Travel Group, Inc.” to “Network CN Inc”. The name change was approved by the Company’s stockholders at the Company’s annual meeting of stockholders held on July 28, 2006 and was effected by filing a Certificate of Amendment to the Company’s Articles of Incorporation with the Delaware Secretary of State. The name change was previously disclosed through the Company’s Form 10-QSB filed with the U.S. Securities and Exchange Commission on August 11, 2006. In connection with the change of its corporate name, the Company changed its trading symbol on the OTC Bulletin Board from “TTVL” to “NWCN” effective on the beginning of business on August 15, 2006.

The Company announced the aforementioned change of its name and symbol in the Press Release attached hereto as Exhibit 99.1, which was released on August 21, 2006.


(a) Financial Statements of Business Acquired Not applicable

(b) Pro Forma Financial Information Not applicable

(c) Shell Company Transaction Not applicable

(d) Exhibits

Source: Network CN Inc.