# 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 September 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.)

Suite 1801, Chinachem Johnston Plaza
178 Johnston Road, Wanchai, Hong Kong
(Address of Principal Executive Offices)

011-852-2833-2186 
(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 November 12, 2002: 5,950,000 shares of
common stock outstanding, $0.001 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 nine
months ended September 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 AND SUBSIDIARIES
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
AS OF SEPTEMBER 30, 2002

## TEDA TRAVEL
INCORPORATED AND SUBSIDIARIES

## CONTENTS

|PAGE | 1   | CONDENSED CONSOLIDATED BALANCE SHEET AS OF SEPTEMBER 30, 2002 (UNAUDITED)                                                     
|---- | --- | ------------------------------------------------------------------------------------------------------------------------------
|PAGE | 2   | CONDENSED  CONSOLIDATED  STATEMENTS OF OPERATIONS  FOR THE THREE AND NINE MONTHS ENDED
SEPTEMBER 30, 2002 AND 2001 (UNAUDITED)
|PAGE | 3   | CONDENSED  CONSOLIDATED  STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED  SEPTEMBER
30, 2002 AND 2001 (UNAUDITED)          
|PAGE | 4-5 | NOTES  TO  CONDENSED  CONSOLIDATED  FINANCIAL  STATEMENTS  AS OF  SEPTEMBER  30,  2002
(UNAUDITED)                            

---

## TEDA TRAVEL INCORPORATED AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETSEPTEMBER 30, 2002
(UNAUDITED)

## ASSETS

|CURRENT ASSETS                                                                                   |   |        
|------------------------------------------------------------------------------------------------ | - | -------
|Cash                                                                                             | $ | 264,643
|Accounts receivable, net                                                                         |   | 130,829
|Prepaid expenses and other current assets                                                        |   | 69,188 
|Due from directors                                                                               |   | 6,061  
|Total Current Assets                                                                             |   | 470,721
|                                                                                                 |   |        
|PROPERTY AND EQUIPMENT - NET                                                                     |   | 3,679  
|                                                                                                 |   |        
|TOTAL ASSETS                                                                                     | $ | 474,400
|                                                                                                 |   |        
|LIABILITIES AND STOCKHOLDERS' EQUITY                                                             |   |        
|                                                                                                 |   |        
|CURRENT LIABILITIES
Accounts payable and accrued expenses                                        | $ | 10,426 
|                                                                                                 |   |        
|TOTAL LIABILITIES                                                                                |   | 10,426 
|                                                                                                 |   |        
|STOCKHOLDERS' EQUITY                                                                             |   |        
|Common stock, $.001 par value, 10,000,000 shares authorized, 5,950,000 issued and
   outstanding |   | 5,950  
|Additional paid-in capital                                                                       |   | 14,195 
|Retained earnings                                                                                |   | 443,829
|Total Stockholders' Equity                                                                       |   | 463,974
|                                                                                                 |   |        
|TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                                       | $ | 474,400

See accompanying notes to condensed consolidated financial statements.
1

---

## TEDA TRAVEL INCORPORATED AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(UNAUDITED)

|                                                                        |   | For the ThreeMonths Ended
September 30,2002 |   | For the ThreeMonths Ended
September 30,2001 |   | For the NineMonths Ended
September 30,2002 |   | For the NineMonths Ended
September 30,2001
|----------------------------------------------------------------------- | - | ------------------------------------------- | - | ------------------------------------------- | - | ------------------------------------------ | - | ------------------------------------------
|REVENUE, NET                                                            | $ | 134,247                                     | $ | 163,771                                     | $ | 376,488                                    | $ | 466,452                                   
|                                                                        |   |                                             |   |                                             |   |                                            |   |                                           
|EXPENSES                                                                |   |                                             |   |                                             |   |                                            |   |                                           
|Legal and professional fees                                             |   | 36,832                                      |   | 24,107                                      |   | 81,659                                     |   | 47,992                                    
|Consulting                                                              |   | 40,528                                      |   | 17,949                                      |   | 55,912                                     |   | 27,949                                    
|Payroll                                                                 |   | 31,658                                      |   | 38,318                                      |   | 97,382                                     |   | 84,333                                    
|Depreciation                                                            |   | 672                                         |   | -                                           |   | 1,840                                      |   | -                                         
|Other selling, general and   administrative                             |   | 19,349                                      |   | 20,479                                      |   | 40,902                                     |   | 61,735                                    
|Total Expenses                                                          |   | 129,039                                     |   | 100,853                                     |   | 277,695                                    |   | 222,009                                   
|                                                                        |   |                                             |   |                                             |   |                                            |   |                                           
|INCOME FROM OPERATIONS                                                  |   | 5,208                                       |   | 62,918                                      |   | 98,793                                     |   | 244,443                                   
|                                                                        |   |                                             |   |                                             |   |                                            |   |                                           
|OTHER INCOME                                                            |   |                                             |   |                                             |   |                                            |   |                                           
|Interest income                                                         |   | 76                                          |   | 298                                         |   | 234                                        |   | 1,030                                     
|                                                                        |   |                                             |   |                                             |   |                                            |   |                                           
|INCOME BEFORE TAXES                                                     |   | 5,284                                       |   | 63,216                                      |   | 99,027                                     |   | 245,473                                   
|Income taxes                                                            |   | 6,554                                       |   | 7,306                                       |   | 17,501                                     |   | 21,005                                    
|                                                                        |   |                                             |   |                                             |   |                                            |   |                                           
|NET INCOME (LOSS)                                                       | $ | (1,270)                                     | $ | 55,910                                      | $ | 81,526                                     | $ | 224,468                                   
|Net income (loss) per common share - basic and diluted                  | $ | -                                           | $ | .01                                         | $ | .02                                        | $ | .05                                       
|Weighted average number of commonshares
outstanding - basic and diluted |   | 5,828,933                                   |   | 5,000,000                                   |   | 5,580,919                                  |   | 5,000,000                                 

See accompanying notes to condensed consolidated financial statements.
2

---

## TEDA TRAVEL INCORPORATED AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(UNAUDITED)

|                                                                                  |   | For the Nine
Months EndedSeptember 30, 2002 |   | For the Nine
Months EndedSeptember 30, 2001
|--------------------------------------------------------------------------------- | - | ------------------------------------------- | - | -------------------------------------------
|CASH FLOWS FROM OPERATING ACTIVITIES:                                             |   |                                             |   |                                            
|Net income                                                                        | $ | 81,526                                      | $ | 224,468                                    
|Adjustments to reconcile net income to net cash provided by
operating activities: |   |                                             |   |                                            
|Depreciation and amortization                                                     |   | 1,840                                       |   | -                                          
|Stock issued for services                                                         |   | 20,000                                      |   | -                                          
|(Increase) decrease in:                                                           |   |                                             |   |                                            
|Accounts receivable                                                               |   | 68,861                                      |   | (107,340)                                  
|Prepaid expenses                                                                  |   | (68,384)                                    |   | 18,423                                     
|Increase (decrease) in:                                                           |   |                                             |   |                                            
|Accounts payable and accrued expenses                                             |   | (11,485)                                    |   | (51,184)                                   
|Net
Cash Provided By Operating Activities                                         |   | 92,358                                      |   | 84,367                                     
|                                                                                  |   |                                             |   |                                            
|CASH FLOWS FROM INVESTING ACTIVITIES:                                             |   |                                             |   |                                            
|Purchase of property and equipment                                                |   | (846)                                       |   | (4,936)                                    
|Due from directors                                                                |   | 726                                         |   | (38,275)                                   
|Due from stockholders                                                             |   | (5,003)                                     |   | (1,182)                                    
|Net Cash Used
In Investing Activities                                             |   | (5,123)                                     |   | (44,393)                                   
|                                                                                  |   |                                             |   |                                            
|CASH FLOWS FROM FINANCING ACTIVITIES:                                             |   |                                             |   |                                            
|Proceeds from issuance of common stock                                            |   | 45                                          |   | -                                          
|Net
Cash Provided By Financing Activities                                         |   | 45                                          |   | -                                          
|                                                                                  |   |                                             |   |                                            
|INCREASE IN CASH AND CASH EQUIVALENTS                                             |   | 87,280                                      |   | 39,974                                     
|                                                                                  |   |                                             |   |                                            
|CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD                                   |   | 177,363                                     |   | 16,009                                     
|                                                                                  |   |                                             |   |                                            
|CASH AND CASH EQUIVALENTS - END OF PERIOD                                         | $ | 264,643                                     | $ | 55,983                                     

See accompanying notes to condensed consolidated financial statements.
3

---

## TEDA TRAVEL INCORPORATED AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTSAS OF SEPTEMBER 30, 2002
(UNAUDITED)

|NOTE 1; | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION
|------- | -----------------------------------------------------------

| | The
accompanying unaudited financial statements have been prepared in accordance
with generally accepted accounting principles and the rules and regulations of
the Securities and Exchange Commission for interim financial information.
Accordingly, they do not include all the information necessary for a
comprehensive presentation of financial position and results of operations.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | It
is management's opinion, however that all material adjustments (consisting of
normal recurring adjustments) have been made which are necessary for a fair
financial statements presentation. The results for the interim period are not
necessarily indicative of the results to be expected for the year.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | For further information, refer to the financial statements and footnotes
included in the Company's Form 8-K-A.
| | --------------------------------------------------------------------------------------------------------------

|NOTE 2; | PRINCIPLES OF CONSOLIDATION
|------- | ---------------------------

| | The
accompanying consolidated financial statements include the accounts of Teda
Travel Incorporated and its wholly owned subsidiaries Teda Hotels Management
Company Limited and Teda Hotels Management Limited. All significant
inter-company transactions and balances have been eliminated in consolidation
(See Note 1).
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|NOTE 3; | REVERSE MERGER
|------- | --------------

| | On
July 12, 2002, Teda Travel , Inc., (Teda or "acquirer")
formerly known as Gaige Financial Group, Inc. ("Gaige") acquired 100%
of Teda Hotels Management Company Limited and Teda Hotels Management Limited
(THM or acquiree) for 5,000,000 shares of Gaige common
stock.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | As
a result of the exchange agreement, the reorganization was treated as an
acquisition by the acquiree and as a reverse merger by the acquirer for
accounting purposes. Pursuant to the reverse merger, all capital stock shares
and amounts and per share data have been retroactively restated.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | During
July 2002, the Board of Directors approved the change in the Company's name from
Gaige Financial Group, Inc. to Teda Travel Incorporated to more accurately
reflect the current operations of the Company as a result of the reverse merger.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Accordingly, the financial statements include the following:
| | ------------------------------------------------------------

| | (1) | The balance  sheet  consists of the net assets of the  acquirer at  historical  cost and the net assets of the acquiree at
historical cost.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------

| | (2) | The  statements  of operations  include the  operations  of the acquiree for the periods  presented and the  operations of the
acquirer from the date of the merger.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------

4

---

|NOTE 4; | RELATED PARTY TRANSACTIONS
|------- | --------------------------

| | During
the nine months ended September 30, 2002 and 2001, the Company received
management revenue of $213,213 and $151,942, respectively from two properties it
manages that are owned by a shareholder.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | During
the nine months ended September 30, 2002, the Company paid $23,077 and $35,769
to two directors for consulting and professional services.
| | ------------------------------------------------------------------------------------------------------------------------------------------------

|NOTE 5; | STOCKHOLDERS EQUITY
|------- | -------------------

| | A     Stock Issued for Services
| | -------------------------------

| | During the nine months ended  September 30, 2002, the Company  issued
250,000 common shares for services  valued at $20,000 based
upon the book value of the Company at the date of grant.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | B     Common Stock Options
| | --------------------------

| | During the nine months ended  September 30, 2002,  the Company  issued 250,000 common stock options at an exercise price of $0.001
per share.  The exercise price is adjustable  based upon the future opening trading value of the Company's  common stock. The fair
market value was determined based on the Black-Scholes option pricing model using the following  assumptions;  no annual dividend,
volatility  of 10%,  risk-free  interest  rate of 6.25% and a term of one year.  The fair value of the  options was minimal and no
expense has been recorded in the financial statements.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---

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

## Plan of Operation

Consequent to the reverse
merger with Teda Hotels Management Company Limited, the Company became involved in the
provision of hotel management and consulting services in the Peoples
Republic of China (PRC). The company through its wholly owned
subsidiaries Teda Hotels Management Company Limited and Teda Hotels Management
Limited currently manages four hotel properties in three strategic capital
cities in the PRC; namely Shenzhen, Tianjin and Xian. Shenzhen is an economic
zone strategically located just north of Hong Kong whilst Tianjin is a key
industrial city located 100 miles Southeast of Beijing and Xian is an
important tourist location.

The Companys two key
managed properties are located in Tianjin because of the citys extensive
transportation network and world-class business infrastructure, attracting many
foreign investments such as Motorola into the area. Local government officials
in Tianjin are also supportive of foreign joint ventures set up in the area.

With the current four
properties now managed profitably, the Company is looking to fill the hotel gap
in China. The Company intends to establish a hotel chain under its management by
pooling good quality hotels together to develop a tourist network. The Company
will choose at least one hotel of good standard in each city in the PRC and
designate it under its own brand name. The Company will endeavour to achieve a
certain level of quality to provide reliable and creditable services to local
travelers. We hope to maintain a high standard with emphasis that our customers
are our priority. The hotels in the chain will be supported in the future by a
hotel reservation system.

The goal of the Company is to provide
a China nation-wide brand name hotel chain of high standards.

## Results of Operations

Revenue:

Net revenue for the quarter
ended September 30, 2002 was down $29,524 or a drop of 18% from the same period
last year. Net revenue for the nine months ended September 30, 2002 also showed
a decrease of $89,964 or a drop 19% from the same period last year. The drop in
revenue was mainly due to the business slowdown in our Kindlion Hotel in
Shenzhen, where business has been adversely affected by the economic downturn in
Hong Kong, just south of the border from Shenzhen and certain pre-opening
consulting fee for the Teda International Club received in 2001.

A new management contract
that began in late September 2002 for the Tianjin International Club is expected
to strengthen the revenue from the last quarter of 2002 onwards.

Administrative and Operating Expenses:

Administrative and
operating expenses for the quarter ended September 30, 2002 showed an
increase of $28,186 or an increase of 28% as compared to the same period last
year. The increase in expenses for the quarter was mainly because of the consulting
fee relating to the merger and the set up
of new operations in Beijing for developing new businesses.

Administrative and
operating expenses for the nine months ended September 30, 2002 also showed an
increase of $55,686 or an increase of 25% as compared to the same period last
year. The increase in expenses for the nine months ended September 30, 2002 was
mainly due to the new operation set up in Beijing, the higher payroll, and the
higher legal and professional fees that came with the reverse merger.

---

## 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 August 22, 2002 a Form 8-K was filed based on
Item 5 - Other Events.
|        |                                                         |                                                                        

## 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:   November 15, 2002 | By:  
/s/    Cheung Wai Tak
Cheung Wai TakChief Financial Officer
|                          |                                                                  

---

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

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:     November 15,  2002

|/s/    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:     November 15,  2002

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