U.S. SECURITIES AND EXCHANGE
                             COMMISSION WASHINGTON,
                                   D.C. 20549

                                   FORM 10-QSB

(Mark One)

     [X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE
          ACT OF 1934

                  For the quarterly period ended June 30, 2005

     [ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT


                   For the transition period from ____ to ____

                        Commission file number 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 Number)

  Suite 2102, Chinachem Century Tower, 178 Gloucester Road, Wanchai, Hong Kong
    ------------------------------------------------------------------------
                    (Address of principal executive offices)

   Registrant's Telephone Number, Including International Code and Area Code:
                              (011) (852) 2833-2186

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

     As of August 15, 2005, the Issuer had outstanding  1,660,200  shares of the
Issuer's common stock, $.001 par value.

Transitional Small Business Disclosure Format (Check One): Yes | | No |X|

                                        1


<PAGE>




                                TABLE OF CONTENTS
                                                                          Page

                         PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

       Condensed Balance Sheet as of June 30, 2005 (Unaudited) ............. 3

       Condensed  Statements  of  Operations  for the three and six
       months ended June 30, 2005 and 2004 (Consolidated)(Unaudited) ....... 4

       Condensed  Statements of Cash Flows for the six months ended
       June 30, 2005 and 2004 (Consolidated) (Unaudited).................... 5

       Notes to  Condensed  Financial  Statements  as of June  30, 2005
         (Unaudited) ................................................... 6 - 8

Item 2. Management's Discussion and Analysis or Plan of Operation  ..........9

Item 3. Description of Properties ......................................... 12

Item 4. Controls and Procedures ........................................... 13


                           PART II - OTHER INFORMATION

Item 1. Legal Proceedings ................................................. 14

Item 4. Changes in Securities ............................................. 14

Item 6. Exhibits and Reports on Form 8-K .................................. 14

SIGNATURES ................................................................ 15



                                        2


<PAGE>




                         PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

                            TEDA TRAVEL INCORPORATED
                             CONDENSED BALANCE SHEET
                                  JUNE 30, 2005
                                  -------------
                                   (UNAUDITED)


                                     ASSETS
                                      -----
TOTAL ASSETS                                                        $      --
                                                                   ===========

                    LIABILITIES AND STOCKHOLDERS' DEFICIENCY
                    ----------------------------------------
CURRENT LIABILITIES
 Accounts payable and accrued expenses                             $    33,018
                                                                   -----------

TOTAL LIABILITIES                                                       33,018
                                                                   -----------

MINORITY INTEREST

STOCKHOLDERS' DEFICIENCY
 Preferred stock, $0.001 par value, 5,000,000 shares
   authorized, none issued and outstanding                                 --
 Common stock, $0.001 par value, 50,000,000 shares
   authorized, 1,660,200 issued and outstanding                          1,660
 Additional paid-in capital                                          5,888,184
 Accumulated deficit                                                (5,922,862)
                                                                   -----------
                                                                   -----------
     Total Stockholders' Deficiency                                    (33,018)
                                                                   -----------

                TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY          $       --
                                                                   ===========

           See accompanying notes to condensed financial statements.

                                        3

<PAGE>



                            TEDA TRAVEL INCORPORATED
                       CONDENSED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)
<TABLE>
<CAPTION>
                                                        For the Three  For the Three   For the Six      For the Six
                                                         Months Ended  Months Ended    Months Ended     Months Ended
                                                        June 30, 2005  June 30, 2004   June 30, 2005   June 30, 2004
                                                        ------------    ------------    ------------    ------------
<S>                                                         <C>             <C>             <C>              <C>
REVENUES, NET                                           $       --      $       --      $       --      $       --

OPERATING EXPENSES
 Other selling, general and administrative                    20,201         910,918          94,541       1,156,635
                                                        ------------    ------------    ------------    ------------
     Total Operating Expenses                                 20,201         910,918          94,541       1,156,635
                                                        ------------    ------------    ------------    ------------
LOSS FROM OPERATIONS                                         (20,201)       (910,918)        (95,541)     (1,156,635)

discontinued operations
 Income (loss) from discontinued operations                     --          (867,769)           --        (2,689,727)
                                                        ------------    ------------    ------------    ------------
     Total Income (Loss) From Discontinued Operations           --          (867,769)           --        (2,689,727)
                                                        ------------    ------------    ------------    ------------

NET INCOME (LOSS)                                            (20,201)     (1,778,687)        (95,541)     (3,846,362)
                                                        ============    ============    ============    ============

INCOME (LOSS) PER COMMON SHARE - BASIC AND DILUTED
 Loss from continuing operations                               (0.01)          (0.83)          (0.06)          (1.30)
 Income (loss) from discontinued operations                     --             (0.78)           --             (3.20)
                                                        ------------    ------------    ------------    ------------

Net loss per common share - basic and diluted           $      (0.01)     $    (1.61)   $      (0.06)    $     (4.50)
                                                        ============    ============    ============    ============

Weighted average number of common shares
 outstanding - basic and diluted                           1,660,200       1,104,374       1,659,731         840,945
                                                        ============    ============    ============    ============
</TABLE>


            See accompanying notes to condensed financial statements.

                                       4

<PAGE>



                            TEDA TRAVEL INCORPORATED
                       CONDENSED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)
<TABLE>
<CAPTION>

                                                           For the Six    For the Six
                                                          Months Ended  Months  Ended
                                                          June 30, 2005 June 30, 2004
                                                           -----------    -----------
<S>                                                              <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
 Net income (loss) from continuing operations              $   (94,541)   $(1,156,635)
 Net income from discontinued operations                          --       (2,689,727)
                                                           -----------    -----------
 Net income (loss)                                             (94,541)    (3,846,362)
 Adjustments to reconcile net loss to net cash used
  in operating activities:
  Stock and warrants issued for consulting services             74,340      1,156,635
  Changes in operating assets and liabilities:
    Increase in accounts payable                                20,201           --
    Cash flow from discontinued operations                        --        2,657,730
                                                           -----------    -----------
       Net Cash Provided By (Used In) Operating Activities        --          (31,997)
                                                           -----------    -----------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Cash flow from discontinued operations                          --          (60,366)
                                                                          -----------
       Net Cash Used In Investing Activities                      --          (60,366)
                                                           -----------    -----------

CASH FLOWS FROM FINANCING ACTIVITIES                              --             --

                                                           -----------    -----------

DECREASE IN CASH AND CASH EQUIVALENTS                             --          (92,363)

CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD                   --           98,079
                                                           -----------    -----------

CASH AND CASH EQUIVALENTS - END OF PERIOD                  $      --      $     5,716
                                                           ===========    ===========
</TABLE>


SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

During 2005,  the Company  recorded a dividend of $3,315,614 for the spin off of
100% of its investment in Teda Travel Group, Inc. to its stockholders.

                                       See accompanying notes to condensed
financial statements.

                                                                   5


<PAGE>



                            TEDA TRAVEL INCORPORATED
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2005
                                   (UNAUDITED)

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

The accompanying unaudited condensed consolidated 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 and
footnotes  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  consolidated  financial  statements and
footnotes included in the Company's Form 10-KSB.

(A) Use of Estimates
--------------------

In  preparing  financial   statements  in  conformity  with  generally  accepted
accounting principles,  management is required to make estimates and assumptions
that affect the reported amounts of assets and liabilities and the disclosure of
contingent  assets and  liabilities at the date of the financial  statements and
revenues and expenses  during the reported  period.  Actual results could differ
from those estimates.

(B) Income Taxes
----------------

The  Company  accounts  for  income  taxes  under  the  Statement  of  Financial
Accounting  Standards Board Statement of Financial Accounting Standards No. 109,
"Accounting for Income Taxes"  ("Statement  109"). Under Statement 109, deferred
tax assets  and  liabilities  are  recognized  for the  future tax  consequences
attributable to differences  between the financial statement carrying amounts of
existing  assets and liabilities  and their  respective tax bases.  Deferred tax
assets and liabilities are measured using enacted tax rates expected to apply to
taxable income in the years in which those temporary differences are expected to
be recovered or settled.  Under Statement 109, the effect on deferred tax assets
and  liabilities  of a change in tax rates is recognized in income in the period
that includes the enactment date.

(C) Loss Per Share
------------------

Basic and diluted net loss per common share is computed  based upon the weighted
average common shares outstanding as defined by Financial  Accounting  Standards
No.  128,  "Earnings  Per  Share." As of June 30,  2005 and 2004,  there were no
common share equivalents outstanding.

                                       6
<PAGE>


NOTES TO CONDENSED FINANCIAL STATEMENTS - continued

NOTE 2 PRINCIPLES OF CONSOLIDATION
----------------------------------

The accompanying condensed financial statements for 2005 include the accounts of
Teda Travel, Incorporated hereafter referred to as (the "Company").

The accompanying  condensed  consolidated  financial statements for 2004 include
the  accounts  of Teda Travel  Incorporated  and its 86% owned  subsidiary  Teda
Travel  Group,   Inc.  The  accounts  of  Teda  Travel  Group,  Inc.  have  been
reclassified as discontinued operations due to the spin-off in January 2005. All
significant  inter-company  transactions  and balances  have been  eliminated in
consolidation.

NOTE 3 DISCONTINUED OPERATIONS
------------------------------

On January 27, 2005, Teda FL approved the  distribution of 17,853,300  shares of
Teda Travel Group, Inc. (.717 share of Teda Travel Group,  Inc.) for every share
of the  Company's  common  stock to its  stockholders.  Upon  completion  of the
distribution to common stockholders,  the Company will retain 278 shares of Teda
Travel Group,  Inc.  which  represents  less than 1% of the  outstanding  common
stock.  The Company  accounted for the  distribution  to its  stockholders  as a
dividend of $3,315,614.

NOTE 4 STOCKHOLDERS EQUITY
--------------------------

During  February  2005,  the Company  issued  1,533  shares of common  stock for
consulting  services valued for financial  accounting  purposes at $11,007 based
upon recent cash offering prices. The fair value will be amortized over the life
of the agreements.  The Company recognized  consulting expense of $11,007 during
the six  months  ended  June 30,  2005.  In  addition,  the  Company  recognized
consulting expense of $63,333 based on shares issued in 2004.

During  March  2004,  the  Company  issued  113,333  shares of common  stock and
recorded  40,000  shares of common  stock to be issued for  consulting  services
valued for financial  accounting  purposes at $ 1,092,500 based upon recent cash
offering  prices.  The  fair  value  will  be  amortized  over  the  life of the
agreements. The Company recognized consulting expense of $696,967 as of June 30,
2004.

During  April  2004,  the  Company  issued  68,667  shares of  common  stock for
consulting services valued for financial  accounting purposes at $ 489,250 based
upon recent cash offering prices. The fair value will be amortized over the life
of the agreements.  The Company recognized  consulting expense of $174,668 as of
June 30, 2004.

During April 2004, the Company issued 26,667 and 3,333 shares of common stock to
its Chief  Executive  Officer  and Chief  Financial  Officer  respectively,  for
entering into two-year  employment  agreements valued at a recent offering price
aggregating  $213,750.  In addition,  the Company issued 10,000 shares of common
stock to its  Chief  Financial  Officer  as an award  for past  services  to the
Company valued at a recent cash offering price at $71,250.


                                       7
<PAGE>


NOTES TO CONDENSED FINANCIAL STATEMENTS - continued

NOTE 5 GOING CONCERN
--------------------

As reflected in the accompanying consolidated financial statements,  the Company
has spun-off the  operations  of its  subsidiaries  in January  2005.  After the
spin-off, the Company has no assets or operations. This raises substantial doubt
about its ability to continue as a going concern.  The ability of the Company to
continue  as a going  concern is  dependent  on the  Company's  ability to raise
additional  capital and implement a new business plan. The financial  statements
do not include any adjustments  that might be necessary if the Company is unable
to continue as a going concern.

Management  believes that action  presently being taken to merge the Company and
obtain  additional  funding provides the opportunity for the Company to continue
as a going concern.


NOTE 6 SUBSEQUENT EVENT
--------------------

The company  with  majority  shareholders  consent has effected 1 for 15 reverse
split of its outstanding  shares on July 25, 2005. The Company has retroactively
adjusted all share and per share amounts in the financial  statements to reflect
the reverse stock split.

                                        8

<PAGE>

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

Cautionary Statements

     The following  discussion and analysis  should be read in conjunction  with
the Company's  Consolidated  Financial Statements and the Notes thereto included
in Part I, Item 1 of this Report. All amounts are expressed in U.S. dollars.

     The  following  discussion  regarding  the  Company  and its  business  and
operations contains  "forward-looking  statements" within the meaning of Private
Securities Litigation Reform Act 1995. These statements consist of any statement
other than a recitation of  historical  fact and can be identified by the use of
forward-looking terminology such as "may," "expect," "anticipate," "estimate" or
"continue"  or the negative  thereof or other  variations  thereon or comparable
terminology.  The reader is cautioned  that all  forward-looking  statements are
necessarily speculative and there are certain risks and uncertainties that could
cause actual events or results to differ  materially  from those  referred to in
such forward looking statements.  The Company does not have a policy of updating
or revising  forward-looking  statements  and thus it should not be assumed that
silence by  management  of the Company  over time means that  actual  events are
bearing out as estimated in such forward looking statements.

Overview

GENERAL

     Teda  Travel  Incorporated,  a  Florida  corporation  (the  "Company"),  is
currently a company with no business.  It was a provider of management  services
to hotels and resorts in the People's Republic of China. Up to January 27, 2005,
the Company operated through its three wholly-owned operating subsidiaries, Teda
Hotels Management Company Limited,  a British Virgin Islands  corporation ("Teda
BVI"),  Teda Hotels  Management  Limited,  a Hong Kong  corporation  ("Teda Hong
Kong") and Teda Beijing Hotel Management Company Limited, a People's Republic of
China company as well as Landmark  International  Hotel Group Limited, a British
Virgin Islands company, which the Company acquired 60% equity interest in during
2004.  The Company was also an investor in real estate  development  projects in
the  People's  Republic of China  through its 35%-held  associate,  Tianjin Yide
Industrial Company.

     Since January 27, 2005, the date that stock  distribution was effected by a
Resolution  of the Board of  Directors,  the  Company has no business of its own
other than holding 278 shares of Common stock of Teda Travel Group,  Inc., (TTG)
a Delaware  Corporation.  More  importantly  though,  the  Company  has no cash,
working  capital or access to the debt and equity  markets  since its shares are
not publicly  traded.  Consequently,  the Company is insolvent for all practical
purposes  and remains a reporting  Company as a result of certain  officers  and
shareholders of the Company  providing  sufficient  funding to pay for a limited
amount  of  the  Company's  expenses.   The  Company  is  considering   feasible
alternatives  such as appointing an investment banker to use its best efforts to
find an appropriate reverse merger partner for the Company.

     The  Company  has been trying to  identify  and  negotiate  for a merger or
acquisition with a targeted company,  but there is no assurance that the Company
will be successful in its plan to merge or acquire  another  entity.  Currently,
the  management  of the Company  consists only of its officers and directors and
they  will  devote a large  portion  of their  time to locate  and close  with a
potential targeted Company.  There is neither compensation paid nor an agreement
to enter into such a contract up to now.

                                       9
<PAGE>

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

Liquidity and capital resources

     The Company has incurred  additional  deficits.  The Company has no cash or
other liquid assets. The Company is attempting to negotiate settlements with its
creditors.  The Company  believes that these creditors will settle a majority of
these  obligations  in exchange for shares of its common stock.  There can be no
assurances that the Company will be successful in doing so.


ORGANIZATIONAL BACKGROUND

     The original name of the Company is Gaige Financial Group, Inc.  ("Gaige").
Gaige was  incorporated  under the laws of the State of Florida on  December  6,
1999.  Gaige  began  as a  "shell"  company  conducting  virtually  no  business
operations  other  than its  efforts  to seek  merger  partners  or  acquisition
candidates. Teda Hong Kong is a wholly-owned subsidiary of Teda BVI. On July 12,
2002, pursuant to a Stock Purchase Agreement and Share Exchange dated April 27,

     2002 between  Gaige and Teda BVI,  Gaige  acquired  all of the  outstanding
shares of capital stock of Teda BVI from the Teda BVI shareholders, and the Teda
BVI shareholders and its promoters  received an aggregate of 5,000,000 shares of
restricted  common stock of Gaige.  On July 19, 2002,  Gaige changed its name to
"Teda Travel Incorporated."

     On January 27, 2005,  the Board of Directors of the Company  authorized the
distribution of  substantially  all of the shares of common stock of TTG it owns
to the Company's  shareholders ("Stock  Distribution").  The record date for the
distribution  was January 29, 2005. The Company has  distributed an aggregate of
17,853,300  TTG Shares,  such that a  shareholder  shall receive 0.717 share for
every  share of Company  common  stock  held as of the record  date and that the
Company  has  retained  the  remaining  278  shares of TTG 's common  stock,  or
approximately  0.001%  of its  share  capital.  The  Company  does  not have any
business thereafter.

PERSONNEL

     As of June 30, 2005, the Company does not have any employees.

Critical Accounting Policies

     The preparation of our financial  statements  requires us to make estimates
and judgments that affect the reported amounts of assets, liabilities,  revenues
and expenses, and related disclosure of contingent assets and liabilities. On an
ongoing  basis,  we evaluate our  estimates,  including but not limited to those
related  to income  taxes  and  impairment  of  long-lived  assets.  We base our
estimates on historical  experience and on various other assumptions and factors
that are believed to be reasonable under the circumstances, the results of which
form the basis for  making  judgments  about the  carrying  values of assets and
liabilities  that are not  readily  apparent  from other  sources.  Based on our
ongoing review, we plan to make adjustments to our judgments and estimates where
facts and circumstances dictate. Actual results could differ from our estimates.

     We believe the following critical  accounting policies are important to the
portrayal of our financial  condition  and results and require our  management's
most difficult,  subjective or complex judgments,  often as a result of the need
to make estimates about the effect of matters that are inherently uncertain.

                                       10
<PAGE>

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

(i) Property and Equipment
--------------------------

     Property and equipment are stated at cost, less  accumulated  depreciation.
Depreciation  is provided  using the  straight-line  method  over the  estimated
useful  life of the  assets  from  three  to  thirty  nine  years.  Repairs  and
maintenance on property and equipment are expensed as incurred.

(ii) Revenue Recognition
--------------------------

     The Company  recognizes  hotel and resort  management  service  fees in the
period when the services are rendered.

(iii) Foreign Currency Translation
----------------------------------

     The  Company's  assets  and  liabilities  that are  denominated  in foreign
currencies are translated into the currency of United States dollars using the
exchange rates at the balance sheet date. For revenues and expenses, the average
exchange  rate  during  the year was used to  translate  Hong Kong  dollars  and
Chinese  Renminbi into United States dollars.  The translation  gains and losses
resulting from changes in the exchange rate are charged or credited  directly to
the  stockholders'  equity  section  of the  balance  sheet when  material.  All
realized  and  unrealized  transaction  gains and  losses  are  included  in the
determination  of income in the  period in which  they  occur.  Translation  and
transaction gains and losses are included in the statement of operations because
they are not material as of September 30, 2004.

(iv) Stock-Based Compensation
-----------------------------

     The Company accounts for stock-based compensation using the intrinsic value
method prescribed in Accounting Principles Board Opinion No. 25, "Accounting for
Stock Issued to Employees" and related interpretations and elects the disclosure
option of Statement of Financial  Accounting  Standards No. 123, "Accounting for
Stock-Based Compensation" ("SFAS No. 123").  Accordingly,  compensation cost for
stock  options  is  measured  as the  excess,  if any,  of the fair value of the
Company's  stock at the date of grant  over the amount an  employee  must pay to
acquire the stock. The Company also records stock  compensation  expense for any
options issued to non-employees  using the fair value method  prescribed in SFAS
No. 123.

(v) Income Taxes
----------------

     The  Company  accounts  for income  taxes  under the  Financial  Accounting
Standards Board Statement of Financial  Accounting Standards No. 109 "Accounting
for Income Taxes" ("SFAS No. 109").  Under SFAS No. 109, deferred tax assets and
liabilities  are  recognized  for the future tax  consequences  attributable  to
differences  between the financial statement carrying amounts of existing assets
and  liabilities  and their  respective  tax  bases.  Deferred  tax  assets  and
liabilities  are measured  using enacted tax rates  expected to apply to taxable
income in the years in which  those  temporary  differences  are  expected to be
recovered or settled.  Under SFAS No. 109, the effect on deferred tax assets and
liabilities  of a change in tax rates is recognized in income in the period that
includes the enactment date.

                                       11
<PAGE>

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

(vi) Long-Lived Assets
----------------------

     The  Company  accounts  for  long-lived  assets  under  the  Statements  of
Financial  Accounting  Standards Nos. 142 and 144  "Accounting  for Goodwill and
Other  Intangible   Assets"  and  "Accounting  for  Impairment  or  Disposal  of
Long-Lived Assets" ("SFAS No. 142 and 144"). In accordance with SFAS No. 142 and
144, long-lived assets, goodwill and certain identifiable intangible assets held
and used by the Company are reviewed for impairment  whenever  events or changes
in  circumstances  indicate  that the  carrying  amount  of an asset  may not be
recoverable. For purposes of evaluating the recoverability of long-lived assets,
goodwill and  intangible  assets,  the  recoverability  test is performed  using
undiscounted net cash flows related to the long-lived assets.

Consolidated Results of Operations

For the quarterly periods ended June 30, 2005 and June 30, 2004

     Other Selling,  G&A Expenses.  Other  selling,  G&A expenses for the period
ended June 30, 2005 were $94,541 as compared to $1,156,635  for the period ended
June 30, 2004, a decrease of  $1,062,094 or 92% as the Company has no operations
in 2005,  apart from  incurring  minimal  costs in  relations to audit and legal
matters. These amounts represent $74,340 and $1,156,635 of costs associated with
issuing shares of common stock for services.

     Net Loss.  The Company  recorded a net loss of $95,541 for the period ended
June 30,  2005 as  compared  to a loss of  $3,846,362  last year,  a decrease of
$3,750,821,  or 98%.  The net loss  last  year  reflected  $2,689,727  of losses
associated  with  discontinued  operations  arising  from the  hotel  management
business, while there are no operations for this year.

Consolidated Financial Condition

Liquidity and Capital Resources - June 30, 2005

     Operating.  For the period ended June 30, 2005, the Group's  operations did
not  utilize  any cash  resources,  as compared to using cash of $31,997 for the
period ended June 30,  2004.  This is mainly  attributable  to the fact that the
Company has no operations this year.

     Currently,  the Company has no cash,  working capital or access to the debt
and equity markets since its shares are not publicly traded.  Consequently,  the
Company is insolvent for all practical  purposes and remains a reporting Company
as a result of  certain  officers  and  shareholders  of the  Company  providing
sufficient  funding to pay for a limited amount of the Company's  expenses.  The
Company is considering  feasible  alternatives  such as appointing an investment
banker to use its best efforts to find an appropriate reverse merger partner for
the Company.

Off-Balance Sheet Arrangements

     We do not have any off-balance sheet financing arrangements.

Item 3. Description of Properties

     As of June 30, 2005,  the Company has no real property and currently has no
office space under lease.

                                       12
<PAGE>

Item 4. Controls and Procedures.

     Based on our management's  evaluation (with the  participation of our chief
executive  officer  and chief  financial  officer),  as of the end of the period
covered by this report, our principal  executive officer and principal financial
officer have concluded  that our disclosure  controls and procedures (as defined
in Rules 13a-15(e) and 15d-15(e)  under the Securities  Exchange Act of 1934, as
amended, (the "Exchange Act")) are effective to ensure that information required
to be  disclosed  by us in reports that we file or submit under the Exchange Act
is  recorded,  processed,  summarized  and  reported  within  the  time  periods
specified in Securities and Exchange Commission rules and forms.

     There was no change in our internal control over financial reporting during
our second quarter of fiscal 2005 that has materially affected, or is reasonably
likely to materially affect, our internal control over financial reporting.

                                       13
<PAGE>

                           PART II - OTHER INFORMATION

Item 1. Legal Proceedings

     To the best of the Company's knowledge, during the past five years, none of
the following occurred with respect to a present or former director or executive
officer of the  Company:  (1) any  bankruptcy  petition  filed by or against any
business of which such person was a general partner or executive  officer either
at the time of the  bankruptcy  or within two years prior to that time;  (2) any
conviction  in a criminal  proceeding  or being  subject  to a pending  criminal
proceeding  (excluding traffic  violations and other minor offenses);  (3) being
subject to any order, judgment or decree, not subsequently  reversed,  suspended
or  vacated,  of  any  court  of  any  competent  jurisdiction,  permanently  or
temporarily enjoining, barring, suspending or otherwise limiting his involvement
in any type of business,  securities or banking activities;  and (4) being found
by a  court  of  competent  jurisdiction  (in a  civil  action),  the SEC or the
Commodities  Futures  Trading  Commission  to have  violated  a federal or state
securities or commodities law, and the judgment has not been reversed, suspended
or vacated.

Item 4. Changes in Securities.

     On February 24, 2005, we issued 1,533 registered shares of our common stock
to 40  consultants  for business  development  services.  The common shares were
issued pursuant to Regulation S under the Act. There was no underwriter involved
in this issuance.

Item 6. Exhibits and Reports on Form 8-K.

(a) Exhibit Index

 31.1     Certification  of  Chief  Executive  Officer  pursuant  to  Securities
          Exchange Act Rules  13a-14(a)  and  15d-14(a)  as adopted  pursuant to
          Section 302 of the Sarbanes Oxley Act of 2002

 31.2     Certification  of  Chief  Financial  Officer  pursuant  to  Securities
          Exchange Act Rules  13a-14(a)  and  15d-14(a)  as adopted  pursuant to
          Section 302 of the Sarbanes Oxley Act of 2002

 32.1     Certification  pursuant to 18 U.S.C.  Section 1350 as adopted pursuant
          to Section 906 of the Sarbanes-Oxley Act of 2002

 32.2     Certification  pursuant to 18 U.S.C.  Section 1350 as adopted pursuant
          to Section 906 of the Sarbanes-Oxley Act of 2002


(b) Reports on Form 8-K:

     On June 24, 2005, the Company filed a Current Report on Form 8-K dated June
13, 2005, for:

     (a)  On June 10,  2005,  Zhi Ying  Chang  resigned  from  the  position  of
          Chairlady and Director of Teda Travel Incorporated (the "Company") due
          to personal reasons;

     (b)  The Company's  Board of Directors  appointed  Godfrey Chin Tong Hui as
          Chairman,  effective  June 10,  2005.Mr.  Hui is  currently  the Chief
          Executive Officer of the Company.

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                                   SIGNATURES

     In accordance  with the  requirements  of the Exchange Act, the  Registrant
caused this Report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                                        TEDA TRAVEL INCORPORATED

Date: August 19, 2005                        By:    /s/ GODFREY CHIN TONG HUI
                                                  ----------------------------
                                                        Godfrey Chin Tong Hui,
                                                        Chief Executive Officer


Date: August 19, 2005                        By:    /s/ GODFREY CHIN TONG HUI
                                                  ----------------------------
                                                        GODFREY CHIN TONG HUI,
                                                        Chief Financial Officer

                                       15
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