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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1088787	China Direct Industries Inc.	CDII	Primary Smelting & Refining Of Nonferrous Metals (3330)	133876100

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1455193	Yuwei Huang	C/O China Direct Industries, Inc. 431 Fairway Drive, Ste 200 Deerfield Beach FL 33441	Executive Vice President	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, $.0001 Par Value	Acquisiton	2011-01-20	769,231	$0.00	1,019,231	No	4	P	Indirect	Held by Pine Capital Enterprises, Inc.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	Held by Pine Capital Enterprises, Inc.

Footnotes

Acquired as partial consideration for the purchase of an 80% interest in Taiyuan Ruiming Yiwei Magnesium Industry Co., Ltd. by CDI China, Inc., a wholly owned subsidiary of China Direct Industries, Inc. ("CDII") pursuant to an Equity Transfer Agreement (the "Equity Transfer Agreement") CDI China, Inc. entered into with Pine Capital Enterprises, Inc. ("Pine Capital") and Taiyuan Yiwei Magnesium Industry Co., Ltd. ("Yiwei Magnesium"). Shares were issued pursuant to Section 5.4 of the Equity Transfer Agreement upon completion of the conditions in Section 5.3. Pine Capital may receive up to an additional 1,244,344 shares of CDII pursuant to the Equity Transfer Agreement if certain performance targets relating to Ruiming Magnesium's business are achieved. The Equity Transfer Agreement was approved by the Audit Committee of CDII's Board of Directors which committee is made up entirely of independent directors.