UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Pursuant to Section 16(a) ( ) Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). ( ) Form 3 Holdings Reported (X) Form 4 Transactions Reported 1. Name and Address of Reporting Person Blanding, Arthur W. 425 Apache Drive Janesville, WI 53545 2. Issuer Name and Ticker or Trading Symbol Bravo! Foods International Corp. (formerly China Premium Food Corporation) BRVO 3. IRS or Social Security Number of Reporting Person (Voluntary) N/A 4. Statement for Month/Year December, 2001 5. If Amendment, Date of Original (Month/Year) N/A 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) (X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other (specify below) 7. Individual or Joint/Group Reporting (Check Applicable Line) (X) Form filed by One Reporting Person ( ) Form filed by More than One Reporting Person ___________________________________________________________________________________________________________________________________ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ___________________________________________________________________________________________________________________________________ 1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |Transaction| | or Disposed of (D) | Securities |ect | Beneficial Ownership |Date |Code| | Beneficially |(D)or | | | | | A/| | Owned at |Indir | | | | Amount | D | Price| End of Year |ect(I)| ___________________________________________________________________________________________________________________________________ Common Stock |12/28/01 |S | 34,000 | D | | 32,889 | I/D | Affiliated Entity ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ___________________________________________________________________________________________________________________________________ Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned ___________________________________________________________________________________________________________________________________ 1.Title of Derivative|2.Conversion|3. |4. |5.Number of |6.Date Exer- |7.Title and Amount|8.Price|9.Number |10.|11.Nature of Security |or Exercise |Transaction | Derivative |cisable and | of Underlying |of Deri|of Deriva |Dir|Indirect |Price of |Date |Code| Securities |Expiration | Securities |vative |tive |ect|Beneficial |Derivative | | | Acquired(A)|Date(Month/ | |Secu |Securities|(D)|Ownership |Security | | | or Disposed|Day/Year) | |rity |Benefi |or | | | | | of (D) |Date |Expir | | |ficially |Ind| | | | | | A/|Exer- |ation | Title and Number| |Owned at |ire| | | | | | D |cisa- |Date | of Shares | |End of |ct | | | | | Amount | |ble | | | |Year |(I)| ___________________________________________________________________________________________________________________________________ Option for Common | | | | | | | | | | | | | | Stock | | | | | | | | | | | | | | ----------------------------------------------------------------------------------------------------------------------------------- Option for Common | | | | | | | | | | | | | | Stock | | | | | | | | | | | | | | ----------------------------------------------------------------------------------------------------------------------------------- ___________________________________________________________________________________________________________________________________ Explanation of Responses: Table I: 5,415 Common stock issued to The Omega Company of Wisconsin Ltd. pursuant to consulting agreement between issuer and The Omega Company of Wisconsin Ltd., an entity controlled by the reporting person. Signature of Reporting Person: /s/ Arthur W. Blanding ----------------------------------- Arthur W. Blanding Dated February 14, 2002