# U.S.
SECURITIES AND EXCHANGE COMMISSION

# Washington,
D.C. 20549

# AMENDMENT NO. 1 TO 
FORM 10-QSB

| | [ X ] | QUARTERLY REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
| | ----- | ---------------------------------------------------------------------------------------

For
the quarterly period ended June 30, 2002

| | [     ] | TRANSITION REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
| | ------- | ----------------------------------------------------------------------------------------

For the transition period from

Commission File No. 000-29077

TEDA TRAVEL INCORPORATED(Exact name of small business issuer as specified in its charter)

|Florida                         | 65-0963971         
|------------------------------- | -------------------
|(State or other jurisdiction of | (I.R.S. Employer   
|incorporation or organization)  | Identification No.)

22154 Martella Avenue,
Boca Raton, Florida    33433
(Address of Principal Executive Offices)

(561) 451-9674
(Issuer's telephone number)

(Former name, address and fiscal year, if changed since last report)

Check whether the issuer
(1) has filed all reports required to be filed by Section 13 or 15(d) of the
Exchange Act during the preceding 12 months (or for such shorter period that the
issuer was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes [ X]   No [  ]

State the number of shares outstanding
of each of the issuer's classes of common equity, as of August 19, 2002: 5,950,000 shares of
common stock outstanding, $0.0001 par value.

FORM 10-QSB

TEDA TRAVEL INCORPORATED
FINANCIAL STATEMENTSINDEX

|                                                                          | Page
|------------------------------------------------------------------------- | ----
|Part
      I-- FINANCIAL INFORMATION                                      |     
|Item
      1. Financial Statements                                        |     
|Balance
      Sheet                                                       |     
|Statement of Operations                                                   |     
|Statement of Shareholders' Deficit                                        |     
|Statement
      of Cash Flows                                             |     
|Notes
      to Financial Statements                                       |     
|Item
      2. Management's Discussion and Analysis of Financial Condition |     
|Part
      II-- OTHER INFORMATION                                         |     
|Item
      1. Legal Proceedings                                           |     
|Item
      2. Changes in Securities                                       |     
|Item
      3. Defaults Upon Senior Securities                             |     
|Item
      4. Submission of Matters to a Vote of Security Holders         |     
|Item
      5. Other Information                                           |     
|Item
      6. Exhibits and Reports on Form 8-K                            |     
|Signature                                                                 |     
|                                                                          |     

Item 1.     Financial
Information

## BASIS OF PRESENTATION

The accompanying
reviewed financial statements are presented in accordance with
generally accepted accounting principles for interim financial information and
the instructions to Form 10-QSB and item 310 under subpart A of Regulation S-B.
Accordingly, they do not include all of the information and footnotes required
by generally accepted accounting principles for complete financial statements.
In the opinion of management, all adjustments (consisting only of normal
occurring accruals) considered necessary in order to make the financial
statements not misleading, have been included. Operating results for the six
months ended June 30, 2002 are not necessarily indicative of results that
may be expected for the year ending December 31, 2002. The financial statements
are presented on the accrual basis.

TEDA TRAVEL INCORPORATED

TABLE OF CONTENTS

|                                              | Page(s)
|--------------------------------------------- | -------
|Balance sheets                                | 2      
|                                              |        
|Statements of operations                      | 3      
|                                              |        
|Statement of changes in
Stockholders' Deficit | 4      
|                                              |        
|Statements of cash flows                      | 5      
|                                              |        
|Notes to financial statements                 | 6      

`GAIGE FINANCIAL GROUP, INC.

                                 BALANCE SHEETS

                       December 31, 2001 and June 30, 2002


                                     ASSETS

Current Assets                                                                   2002                    2001
                                                                            ----------------        ----------------
                                                                               Unaudited

       Cash                                                             $                45     $                45


                                                                        --------------------    --------------------
                                                                        $                45     $                45
                                                                        ====================    ====================


                      LIABILITIES AND SHAREHOLDERS' DEFICIT

Current liability

       Accounts payable                                                 $                 0     $                 0
                                                                        --------------------    --------------------

Shareholders' Deficit

       Common stock-$.001 par value; 10,000,000 Shares authorized;
             1,000,000 issued and outstanding                                         8,274                   8,274

       Deficit                                                                       -8,229                  -8,229
                                                                            ----------------        ----------------
                    Total shareholders' deficit                                          45                      45

                                                                        --------------------    --------------------
                                                                        $                45     $                45
                                                                        ====================    ====================



               The accompanying note are an integral part of these
                             financial statements.

                                       -2-




                           GAIGE FINANCIAL GROUP, INC.

                            STATEMENTS OF OPERATIONS


                                                   Six Months                Three Months               Three Months
                                                 Ended June 30, 2002       Ended June 30, 2002       Ended June 30, 2001
                                              ----------------------     ---------------------      -------------------
                                                      Unaudited                 Unaudited               Unaudited

Revenues                                      $               -0-        $              -0-                    -0-

Expenses                                                      -0-                        0                      0


                                              ----------------------     ---------------------      -------------------
Net                                           $               -0-        $               0                      0
                                              ======================     =====================      ===================





Net per share-basic and diluted               $               -0-        $          0.0000                 0.0000
                                              ======================     =====================      ===================

Weighted average number of shares outstanding
      during the period-basic and diluted               1,000,000                1,000,000              1,000,000
                                              ======================     =====================      ===================


    The accompanying note are an integral part of these financial statements.

                                       -3-



                           GAIGE FINANCIAL GROUP, INC.

                       STATEMENT OF SHAREHOLDERS' DEFICIT

                         Six Months Ended June 30, 2002

                                                                  Common Stock

                                                            --------------------------------------
                                                                 Shares              Amount                Deficit
                                                            -----------------   ------------------  -----------------------


Balance at December 31, 2001                                       1,000,000               $8,274                  -$8,229

  Net income ( loss) for the six months ended June 30, 2002                                                              0

                                                            -----------------   ------------------  -----------------------
Balance June 30, 2002 Unaudited                                    1,000,000               $8,274                  -$8,229
                                                            =================   ==================  =======================


    The accompanying note are an integral part of these financial statements.

                                       -4-



                           GAIGE FINANCIAL GROUP, INC.

                            STATEMENTS OF CASH FLOWS

                    For the Year Ended December 31, 2001 and
                     For the Six Months Ended June 30, 2002


                                                                       2002                       2001
                                                             ---------------------     -----------------------
                                                                    Unaudited

Cash flows from operating activities
       Net (loss)                                            $                  0      $                    0
       Adjustments to reconcile net (loss) to net cash
         used in operating activities
            (Decrease) in accounts payable                                      0                       1,000
                                                             ---------------------     -----------------------

                 Net cash (used) by operating activities                        0                       1,000
                                                             ---------------------     -----------------------

Cash flows from financing activities
       Capital contribution                                                     0                       1,000
                                                             ---------------------     -----------------------

                 Net cash provided by financing activities                      0                       1,000
                                                             ---------------------     -----------------------

Net decrease in cash                                                            0                           0

Cash-beginning                                                                 45                          45

                                                             ---------------------     -----------------------
Cash-ending                                                  $                 45      $                   45
                                                             =====================     =======================

Supplemental disclosures of cash flow information:

                                                                 -----------------         -------------------
       Interest paid                                         $              -0-        $              -0-
                                                             ====-----------------     ====-------------------
       Taxes paid                                            $              -0-        $              -0-
                                                             =====================     =======================

    The accompanying note are an integral part of these financial statements.


                                       -5-`

---

## GAIGE FINANCIAL GROUP, INC.
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2002
UNAUDITED

## Note 1.      Summary
of Significant Accounting Policies

Certain information and
disclosures, normally included in financial statements prepared in accordance
with generally accepted accounting principles, have been condensed or omitted in
this Form 10-QSB in compliance with the Rules and Regulations of the Securities
and Exchange Commission. However, in the opinion of Gaige Financial Group, Inc.
the disclosures contained in this Form 10-QSB are adequate to make the
information fairly presented. See Form 10-KSB for the year ended December 31,
2001 and the three months ended March 31, 2002 for additional information
relevant to significant accounting policies followed by the Company.

## Note 2.      Basis
of Presentation

In the opinion of the
Company, the accompanying unaudited financial statements reflect all adjustments
(consisting of normal recurring accruals) necessary to present fairly the
financial position as of June 30, 2002 and the results of operations for the
three and six month periods ended June 30, 2002. The results of operations for
the three and six months ended June 30, 2002 are not necessarily indicative of
the results which may be expected for the entire year.

## Note 3.      Subsequent Event

The Company has entered
into a Stock Purchase Agreement and Share Exchange on April 27, 2002 with TEDA
HOTELS MANAGEMENT COMPANY LIMITED. The effective date of this Agreements is July
12, 2002. As of the date of this filing the unaudited financial statements of
Teda Hotels Management Company Limited have not been finalized. Upon completion
they will be filed as an amendment to this 10QSB.

-6-

---

## Item  2.     Management's
Discussion  and  Analysis  or  Plan  of  Operation

General

The Company is considered a development stage company with limited
assets or capital, and with no operations or income. The costs and expenses
associated with the preparation and filing of this registration statement and
other operations of the Company have been paid for by a shareholder,
specifically Shelley Goldstein. Shelley Goldstein has agreed to pay future costs
associated with filing future reports under Exchange Act of 1934 if the Company
is unable to do so. It is anticipated that the Company will require only nominal
capital to maintain the corporate viability of the Company and any additional
needed funds will most likely be provided by the Company's existing shareholders
or its sole officer and director in the immediate future. Current shareholders
have not agreed upon the terms and conditions of future financing and such
undertaking will be subject to future negotiations, except for the express
commitment of Shelley Goldstein to fund required 34 Act filings. Repayment of
any such funding will also be subject to such negotiations. However, unless the
Company is able to facilitate an acquisition of or merger with an operating
business or is able to obtain significant outside financing, there is
substantial doubt about its ability to continue as a going concern.

Management plans may but do not currently provide for experts to
secure a successful acquisition or merger partner so that it will be able to
continue as a going concern. In the event such efforts are unsuccessful,
contingent plans have been arranged to provide that the current Director of the
Company is to fund required future filings under the 34 Act, and existing
shareholders have expressed an interest in additional funding if necessary to
continue the Company as a going concern.

Plan  of  Operation

On April 24, 2002, the
Company entered into a Stock Purchase Agreement and Share Exchange Agreement
("Agreement") with Teda Hotels Management Company Limited
("Teda") pursuant to which the Company has agreed to acquire all of
the outstanding shares of capital stock of Teda in exchange for the issuance of
5,000,000 ($ 0.001 par value per share) shares of restricted common stock of
Gaige to the Teda Shareholders and promoters as designated on Exhibit <-1-
34>A<-1- 34> and other consideration. Pursuant to the Agreement, Gaige
became a wholly owned subsidiary of the Company. Such Agreement was contingent
upon Teda providing audited financial statements within sixty (60) days of the
filing of the initial 8K with the Securities and Exchange Commission and the
Closing date was set as the date that Teda provided the audited financial
statements and the amended 8K was filed with the Securities and Exchange
Commission. Pursuant to this Agreement, Gaige changed its name to Teda Travel
Incorporated on July 19, 2002, 2002

Following the closing of
the proposed transaction with Teda, Chang Zhi Ying, Hui Chin Tong and Cheung Wai
Tak became the members of the Company's Board of Directors and the following
persons were elected as the officers of the Company:

|Chang Zhi Yang         | Chairman of the Board  
|---------------------- | -----------------------
|Hui Chin Tong, Godfrey | Managing Director      
|Cheung Wai Tak         | Chief Financial Officer

Forward-Looking  Statements

This
Form 10-QSB includes forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements, other than
statements of historical facts, included or incorporated by reference in this
Form 10-QSB which address activities, events or developments which the Company
expects or anticipates will or may occur in the future, including such things as
future capital expenditures (including the amount and nature thereof), finding
suitable merger or acquisition candidates, expansion and growth of the
Companys business and operations, and other such matters are
forward-looking statements. These statements are based on certain assumptions
and analyses made by the Company in light of its experience and its perception
of historical trends, current conditions and expected future developments as
well as other factors it believes are appropriate in the circumstances. However,
whether actual results or developments will conform with the Companys
expectations and predictions is subject to a number of risks and uncertainties,
general economic market and business conditions; the business opportunities (or
lack thereof) that may be presented to and pursued by the Company; changes in
laws or regulation; and other factors, most of which are beyond the control of
the Company. Consequently, all of the forward-looking statements made in this
Form 10-QSB are qualified by these cautionary statements and there can be no
assurance that the actual results or developments anticipated by the Company
will be realized or, even if substantially realized, that they will have the
expected consequence to or effects on the Company or its business or operations.
The Company assumes no obligations to update any such forward-looking
statements.

---

## PART II - OTHER INFORMATION

|Item 1. | Legal Proceedings.                                      | Not Applicable                                                     
|------- | ------------------------------------------------------- | -------------------------------------------------------------------
|        |                                                         |                                                                    
|Item 2. | Changes in Securities.                                  | None                                                               
|        |                                                         |                                                                    
|Item 3. | Defaults Upon Senior Securities.                        | Not Applicable                                                     
|        |                                                         |                                                                    
|Item 4. | Submission of Matters
to a Vote of Security Holders.    | None                                                               
|        |                                                         |                                                                    
|Item 5. | Other Information.                                      | None                                                               
|        |                                                         |                                                                    
|Item 6. | Exhibits and Reports of Form 8-K.                       | None                                                               
|        |                                                         |                                                                    
|        | (a)   
Exhibits required by Item 601 of Regulation S-B. | None                                                               
|        |                                                         |                                                                    
|        | (b)   
Reports of Form 8-K.                             | On May 14, 2002 a Form 8-K was filed based on
Change of Registrant.
|        |                                                         |                                                                    

## SIGNATURES

Pursuant to the requirements
of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed in its
behalf by the undersigned, thereunto duly authorized.

|                           | TEDA TRAVEL INCORPORATED                                     
|-------------------------- | -------------------------------------------------------------
|                           |                                                              
|Date:   September 23, 2002 | By:  
/s/    David Cheung
David CheungChief Financial Officer
|                           |                                                              

---

I, Hui Chin Tong Godfrey certify that:

|1. | I have reviewed this Amendment No.1 to the quarterly report on Form 10-QSB of
Teda Travel Incorporated
|-- | ------------------------------------------------------------------------------------------------------

|2. | Based on my knowledge, this quarterly report does not contain any untrue statement
of a material fact or omit to state a material fact necessary to make the
statements made, in light of the circumstances under which such statements were
made, not misleading with respect to the period covered by this quarterly report;
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|3. | Based on my knowledge, the financial statements, and other financial information
included in this quarterly report, fairly present in all material respects the
financial condition, results of operations and cash flows of the registrant as
of, and for, the periods presented in this quarterly report;
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|4. | The registrants other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | a) | designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated subsidiaries,
is made known to us by others within those entities, particularly during the
period in which this quarterly report is being prepared;
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | b) | evaluated the effectiveness of the registrants disclosure controls and
procedures as of a date with 90 days prior to the filing date of this quarterly
report (the Evaluation Date); and
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | c) | presented in this quarterly report our conclusions about effectiveness of the
disclosure controls and procedures based on our evaluation as of the Evaluation
Date;
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------

|5. | The registrants other certifying officers and I have disclosed, based on
our most recent evaluation, to the registrants auditors and the audit
committee of registrants board of directors (or persons performing the
equivalent functions):
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | a) | all significant deficiencies in the design or operation of internal controls
which could adversely affect the registrants ability to record, process,
summarize and report financial data and have identified for the
registrants auditors and material weakness in internal controls; and
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | b) | any fraud, whether or not material, that involves management or other employees
who have a significant role in the registrant's internal controls; and
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------

|6. | The registrants other certifying officers and I have indicated in this
quarterly report whether there were significant changes in internal controls or in
other factors that could significantly affect internal controls subsequent to
the date of our most recent evaluation, including any corrective actions with
regard to significant deficiencies and material weaknesses.
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Dated:     September 23,  2002

|Hui Chin Tong Godfrey
Hui Chin Tong Godfrey
Chief Executive Officer
|-------------------------------------------------------------------

---

# CERTIFICATION OF
CHIEF FINANCIAL OFFICER
PURSUANT TO18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO SECTION 906 OF THE
SARBANES-OXLEY ACT OF 2002

I, Cheung Wai Tak certify that:

|1. | I have reviewed this Amendment No. 1 to the quarterly report on Form 10-QSB of
Teda Travel Incorporated
|-- | -------------------------------------------------------------------------------------------------------

|2. | Based on my knowledge, this quarterly report does not contain any untrue statement
of a material fact or omit to state a material fact necessary to make the
statements made, in light of the circumstances under which such statements were
made, not misleading with respect to the period covered by this quarterly report;
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|3. | Based on my knowledge, the financial statements, and other financial information
included in this quarterly report, fairly present in all material respects the
financial condition, results of operations and cash flows of the registrant as
of, and for, the periods presented in this quarterly report;
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|4. | The registrants other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | a) | designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated subsidiaries,
is made known to us by others within those entities, particularly during the
period in which this quarterly report is being prepared;
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | b) | evaluated the effectiveness of the registrants disclosure controls and
procedures as of a date with 90 days prior to the filing date of this quarterly
report (the Evaluation Date); and
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | c) | presented in this quarterly report our conclusions about effectiveness of the
disclosure controls and procedures based on our evaluation as of the Evaluation
Date;
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------

|5. | The registrants other certifying officers and I have disclosed, based on
our most recent evaluation, to the registrants auditors and the audit
committee of registrants board of directors (or persons performing the
equivalent functions):
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | a) | all significant deficiencies in the design or operation of internal controls
which could adversely affect the registrants ability to record, process,
summarize and report financial data and have identified for the
registrants auditors and material weakness in internal controls; and
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | b) | any fraud, whether or not material, that involves management or other employees
who have a significant role in the registrant's internal controls; and
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------

|6. | The registrants other certifying officers and I have indicated in this
quarterly report whether there were significant changes in internal controls or in
other factors that could significantly affect internal controls subsequent to
the date of our most recent evaluation, including any corrective actions with
regard to significant deficiencies and material weaknesses.
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Dated:     September 23,  2002

|/s/    Cheung Wai Tak
Cheung Wai Tak
Chief Financial Officer
|------------------------------------------------------------