UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
D.C. 20549





FORM
10-Q





x
            QUARTERLY REPORT PURSUANT TO
      SECTION 13 OR 15(d) OF THE
SECURITIES


EXCHANGE
      ACT OF 1934





For the
quarterly period ended March 31, 2010





 ̈
            TRANSITION REPORT PURSUANT TO
      SECTION 13 OR 15(d) OF THE
SECURITIES


EXCHANGE
      ACT OF 1934





For the
transition period from _________ to __________





Commission
File Number:  000-53401





China
Transportation International Holdings Group Limited


(Exact
name of registrant as specified in its charter)





Nevada
              (State
      or other jurisdiction of
              incorporation
      or organization)
            26-4694804
              (I.R.S.
      Employer Identification No.)





c/o
      Yiyang Xiangyun Group Co., Ltd.
                  No.
      823 Taohualun West Road
                  Yiyang
      City, Hunan Province, China
                413000(Address
      of principal executive offices)
                (Zip
      Code)





Registrant’s
telephone number (including area
code):  +86(737)-421-3711





n/a


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





Indicate
by check mark whether the registrant (1) has filed all reports required to be
filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days.  Yes x  No  ̈





Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, or a non-accelerated filer or a smaller reporting
company.  See definition of “large accelerated filer”, “accelerated
filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
(Check one):





Large
      accelerated filer  ̈
            
            Accelerated
      filer  ̈Non-accelerated
      filer  ̈
            
            Smaller
      reporting company x(Do
      not check if a smaller reporting company)





Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act).   Yes  ̈ No x





Indicate
by check mark whether the registrant has submitted electronically and posted on
its corporate Website, if any, every Interactive Date File required to be
submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this
chapter) during the preceding 12 months (or for such shorter period that the
registrant was required to submit and post such
files).     Yes  ̈  No  ̈





As of May
24, 2010, there were 20,000,000 shares of company common stock issued and
outstanding.








TABLE
OF CONTENTS





PART
      I – FINANCIAL INFORMATIONItem
      1.
              Financial
      Statements
              F-1Item
      2.
              Management’s
      Discussion and Analysis of Financial Condition and Results of
      Operations
              13Item
      3.
              Quantitative
      and Qualitative Disclosures About Market Risk
              14Item
      4(T).
              Controls
      and Procedures
              14PART
      II – OTHER INFORMATIONItem
      1.
              Legal
      Proceedings
              15Item
      2.
              Unregistered
      Sales of Equity Securities and Use of Proceeds
              15Item
      3.
              Defaults
      Upon Senior Securities
              15Item
      4.
              Reserved
              15Item
      5.
              Other
      Information
              15Item
      6.
              Exhibits
              15SIGNATURES
              16




2


CHINA
TRANSPORTATION INTERNATIONAL HOLDINGS GROUP LIMITED


(FORMERLY
KNOWN AS CHINA DING CHENG SCIENCE HOLDINGS CO., LTD.)




INDEX
TO FINANCIAL STATEMENTS





CONTENTS
                            
                            PagesBalance
      Sheets at March 31, 2010 (Unaudited) and December 31, 2009
                            
                            F-2Unaudited
      Statements of Operations for the Three Months Ended March 31 2010
      and March 31, 2009 and from March 12, 2004 (Date of inception) to
      March 31, 2010
                            
                            F-3Unaudited
      Statement of Changes in Stockholders’ Deficiency from March 12, 2004 (Date
      of inception) to March 31, 2010
                            
                            F-4Unaudited
      Statements of Cash Flows for the Three months Ended March 31, 2010
      and March 31, 2009 and from March 12, 2004 (Date of inception) to
      March 31, 2010
                            
                            F-5Unaudited
      Notes to the Consolidated Financial Statements
                            
                            F6-10




F-1


CHINA
TRANSPORTATION INTERNATIONAL HOLDINGS GROUP LIMITED


(FORMERLY
KNOWN AS CHINA DING CHENG SCIENCE HOLDINGS CO., LTD.)


BALANCE
SHEETS


(IN
US DOLLARS)


March 31,
                          
                          
                          December 31,2010
                          
                          
                          2009(Unaudited)ASSETSCurrent
      assetsCash
      and cash equivalents
                          
                          $
                          -
                          
                          
                          $
                          -Total
      Current Assets
                          
                          
                          -
                          
                          
                          
                          -Total
      Assets
                          
                          $
                          -
                          
                          
                          $
                          -LIABILITIES AND STOCKHOLDERS’
      DEFICIENCYCurrent
      liabilities:Accrued
      expenses and other payables
                          
                          $
                          2,425
                          
                          
                          $
                          3,042Payable
      to stockholder
                          
                          
                          25,596
                          
                          
                          
                          14,789Total
      current liabilities
                          
                          
                          28,021
                          
                          
                          
                          17,831Total
      Liabilities
                          
                          
                          28,021
                          
                          
                          
                          17,831Stockholders’
      DeficiencyPreferred
      Stock: par value $0.001; 30,000,000 shares authorized; no shares issued
      & outstanding
                          
                          
                          -
                          
                          
                          
                          -Common
      stock: par value $0.001; 300,000,000 shares authorized; 20,000,000 shares
      issued and outstanding
                          
                          
                          20,000
                          
                          
                          
                          20,000Additional
      paid-in capital
                          
                          
                          292,928
                          
                          
                          
                          292,928Deficit
      accumulated during the development stage
                          
                          
                          (340,949
                          )
                          
                          
                          (330,759
                          )Total
      stockholders’ deficiency
                          
                          
                          (28,021
                          )
                          
                          
                          (17,831
                          )Total
      liabilities and stockholders’ deficiency
                          
                          $
                          -
                          
                          
                          $
                          -





See notes
to the financial statements


F-2


CHINA
TRANSPORTATION INTERNATIONAL HOLDINGS GROUP LIMITED


(FORMERLY
KNOWN AS CHINA DING CHENG SCIENCE HOLDINGS CO., LTD.)


STATEMENTS
OF OPERATIONS (UNAUDITED)


(IN
US DOLLARS)





For the Three months ended March
                  31,
                
                
                Cumulative
                  Amount from
                  March 12,2004
                  (Inception) to Mar
                  31, 20102010
                
                
                2009Revenue
                
                $
                -
                
                
                $
                -
                
                
                $
                -Cost
      of sales
                
                
                -
                
                
                
                -
                
                
                
                -Gross
      profit
                
                
                -
                
                
                
                -
                
                
                
                -Operating
      expensesGeneral
      and administrative expenses
                
                
                10,190
                
                
                
                5,798
                
                
                
                340,949Loss
      before taxes
                
                
                (10,190
                )
                
                
                (5,798
                )
                
                
                340,949Income
      tax expenses
                
                
                -
                
                
                
                -
                
                
                
                -Net
      loss
                
                
                (10,190
                )
                
                
                (5,798
                )
                
                
                (340,949
                )Loss
      per share
                  Basic
      and Diluted
                
                $
                Nil
                
                
                $
                NilWeighted
      common shares outstanding
                  Basic
      and Diluted
                
                
                20,000,000
                
                
                
                15,000,000





See notes
to the financial statements




F-3


CHINA
TRANSPORTATION INTERNATIONAL HOLDINGS GROUP LIMITED


(FORMERLY
KNOWN AS CHINA DING CHENG SCIENCE HOLDINGS CO., LTD.)


STATEMENT
OF CHANGES IN STOCKHOLDERS’ DEFICIENCY


FROM
MARCH 12, 2004 (DATE OF INCEPTION) TO MARCH 31, 2010


(IN
US DOLLARS)





Additional
                          
                          
                          RetainedCommon Stock
                          
                          
                          Paid-in
                          
                          
                          Earnings
                          
                          
                          TotalShares
                          
                          
                          Amount
                          
                          
                          Capital
                          
                          
                          (Deficit)
                          
                          
                          equityBalance
      at March 12, 2004
                            (date
      of inception)
                          
                          
                          -
                          
                          
                          $
                          -
                          
                          
                          $
                          -
                          
                          
                          $
                          -
                          
                          
                          $
                          -Shares
      issued for acquisition of subsidiary
                          
                          
                          516,661
                          
                          
                          
                          517
                          
                          
                          
                          51,149
                          
                          
                          
                          -
                          
                          
                          
                          51,666Common
      stock issued for cash
                          
                          
                          131,240
                          
                          
                          
                          132
                          
                          
                          
                          76,868
                          
                          
                          
                          -
                          
                          
                          
                          77,000Common
      stock issued for services
                          
                          
                          8,381
                          
                          
                          
                          8
                          
                          
                          
                          4,909
                          
                          
                          
                          -
                          
                          
                          
                          4,917Shares
      cancelled on withdrawal of subsidiary
                          
                          
                          (516,661
                          )
                          
                          
                          (517
                          )
                          
                          
                          (51,149
                          )
                          
                          
                          -
                          
                          
                          
                          (51,666
                          )Common
      stock issued for services
                          
                          
                          600,000
                          
                          
                          
                          600
                          
                          
                          
                          59,400
                          
                          
                          
                          -
                          
                          
                          
                          60,000Net
      loss for the period
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          (64,917
                          )
                          
                          
                          (64,917
                          )Balance
      at December 31, 2004
                          
                          
                          739,621
                          
                          
                          
                          740
                          
                          
                          
                          141,177
                          
                          
                          
                          (64,917
                          )
                          
                          
                          77,000Net
      loss for the year
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          (31,700
                          )
                          
                          
                          (31,700
                          )Balance
      at December 31, 2005
                          
                          
                          739,621
                          
                          
                          
                          740
                          
                          
                          
                          141,177
                          
                          
                          
                          (96,617
                          )
                          
                          
                          45,300Debt
      forgiven from related party
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          132,632
                          
                          
                          
                          
                          
                          
                          
                          132,632Net
      loss for the year
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          (199,026
                          )
                          
                          
                          (199,026
                          )Balance
      at December 31, 2006
                          
                          
                          739,621
                          
                          
                          
                          740
                          
                          
                          
                          273,809
                          
                          
                          
                          (295,643
                          )
                          
                          
                          (21,094
                          )Net
      loss for the year
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          (5,624
                          )
                          
                          
                          (5,624
                          )Balance
      at December 31, 2007
                          
                          
                          739,621
                          
                          
                          
                          740
                          
                          
                          
                          273,809
                          
                          
                          
                          (301,267
                          )
                          
                          
                          (26,718
                          )Common
      stock issued for payment of shareholders' payable
                          
                          
                          12,660,379
                          
                          
                          
                          12,660
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          12,660Common
      stock issued for services
                          
                          
                          1,600,000
                          
                          
                          
                          1,600
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          1,600Net
      loss for the year
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          (6,362
                          )
                          
                          
                          (6,362
                          )Balance
      at December 31, 2008
                          
                          
                          15,000,000
                          
                          
                          
                          15,000
                          
                          
                          
                          273,809
                          
                          
                          
                          (307,629
                          )
                          
                          
                          (18,820
                          )Debt
      forgiven from related party
                          
                          
                          5,000,000
                          
                          
                          
                          5,000
                          
                          
                          
                          19,119
                          
                          
                          
                          -
                          
                          
                          
                          24,119Net
      Loss for the year
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          (23,130
                          )
                          
                          
                          (23,130
                          )Balance
      at December 31, 2009
                          
                          
                          20,000,000
                          
                          
                          
                          20,000
                          
                          
                          
                          292,928
                          
                          
                          
                          (330,759
                          )
                          
                          
                          (17,831
                          )Net
      Loss for the three months ended March 31, 2010
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          (10,190
                          )
                          
                          
                          (10,190
                          )Balance
      at March 31, 2010
                          
                          
                          20,000,000
                          
                          
                          $
                          20,000
                          
                          
                          $
                          292,928
                          
                          
                          $
                          (340,949
                          )
                          
                          $
                          (28,021
                          )





See notes
to the financial statements.


F-4


CHINA
TRANSPORTATION INTERNATIONAL HOLDINGS GROUP LIMITED


(FORMERLY
KNOWN AS CHINA DING CHENG SCIENCE HOLDINGS CO., LTD.)


STATEMENTS
OF CASH FLOWS (UNAUDITED)


(IN
US DOLLARS)





Three months ended March 31,
                              
                              
                              Cumulative
                                Amount from
                                Mar 12, 2004
                                (inception) to
                                Mar 31,2010
                              
                              
                              2009
                              
                              
                              2010(Unaudited)
                              
                              
                              (Unaudited)Cash
      flows from operating activities:-Net
      Loss
                              
                              $
                              (10,190
                              )
                              
                              $
                              (5,798
                              )
                              
                              $
                              (340,949
                              )Adjustment
      to reconcile net loss to Net cash in operationCommon
      shares issued for services
                              
                              
                              -
                              
                              
                              
                              -
                              
                              
                              
                              66,517Changes
      in assets and liabilities:Accrued
      expenses and other payables
                              
                              
                              (617
                              )
                              
                              
                              (8,000
                              )
                              
                              
                              2,425Net
      cash used in operating activities
                              
                              
                              (10,807
                              )
                              
                              
                              (13,798
                              )
                              
                              
                              (272,007
                              )Cash
      flows from financing activities:Debt
      forgiven from related party
                              
                              
                              -
                              
                              
                              
                              -
                              
                              
                              
                              169,411Issuance
      of common stock
                              
                              
                              -
                              
                              
                              
                              -
                              
                              
                              
                              77,000Increase
      in payable to stockholder
                              
                              
                              10,807
                              
                              
                              
                              13,798
                              
                              
                              
                              25,596Net
      cash provided by financing activities
                              
                              
                              10,807
                              
                              
                              
                              13,798
                              
                              
                              
                              272,007Net
      increase in cash
                              
                              
                              -
                              
                              
                              
                              -
                              
                              
                              
                              -Cash
      at beginning
                              
                              
                              -
                              
                              
                              
                              -
                              
                              
                              
                              -Cash
      at ending
                              
                              $
                              -
                              
                              
                              $
                              -
                              
                              
                              $
                              -Supplemental
      disclosure of cash paid during the period :Common
      shares issued for payment of shareholder payable
                              
                              $
                              -
                              
                              
                              $
                              -
                              
                              
                              $
                              36,779Interest
      income
                              
                              $
                              -
                              
                              
                              $
                              -
                              
                              
                              $
                              -Interest
      paid
                              
                              $
                              -
                              
                              
                              $
                              -
                              
                              
                              $
                              -





See notes
to the financial statements.


F-5


CHINA
TRANSPORTATION INTERNATIONAL HOLDINGS GROUP LIMITED


(FORMERLY
KNOWN AS CHINA DING CHENG SCIENCE HOLDINGS CO., LTD.)


NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)


(IN
US DOLLARS)





1.
            DESCRIPTION
      OF ORGANIZATION





China
Transportation International Holdings Group Limited (fka China Ding Cheng
Science Holdings Co., Ltd.) (a development stage enterprise, “the Company”) was
formed on March 12, 2004 in the State of Nevada formerly known as Shaan’xi Ding
Cheng Science Holding Co., Ltd., Diamond Bay Holdings, Inc., and prior to
December 24, 2004, Beautiful Life Foods, Inc.  The Company’s activities to
date have been primarily directed towards the raising of capital and seeking
business opportunities. See Note 5 for the reverse merger
transaction consummated April 1, 2010.





2.
            SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES





Basis
of Presentation - Development Stage Company





The
unaudited consolidated financial statements have been prepared by the Company,
pursuant to the rules and regulations of the United States Securities and
Exchange Commission (“SEC”). The information furnished herein reflects all
adjustments (consisting of normal recurring accruals and adjustments) which are,
in the opinion of the Company's management, necessary to fairly present the
operating results for the respective periods. Certain information and footnote
disclosures normally present in annual consolidated financial statements
prepared in accordance with accounting principles generally accepted in the
United States of America have been omitted pursuant to such rules and
regulations. These consolidated financial statements should be read in
conjunction with the audited consolidated financial statements and footnotes
included in the Company’s Annual Report on Form 10-K filed with the SEC on
February 11, 2010. The results for the three months ended March 31, 2010 are not
necessarily indicative of the results to be expected for the full year ending
December 31, 2010





The
Company has not earned any revenue from operations.  Accordingly, the
Company's activities have been accounted for as those of a "Development Stage
Enterprise" as set forth in Accounting Standards Codification (“ASC”) 915
“Development Stage Entities”, which was previously Financial Accounting
Standards Board Statement No. 7 ("SFAS 7"). Among the disclosures required by
SFAS 7 are that the Company's financial statements be identified as those of a
development stage company, and that the statements of operations, stockholders'
equity and cash flows disclose activity since the date of the Company's
inception.





Accounting
Method





The
Company's financial statements are prepared using the accrual method of
accounting. The Company has elected a fiscal year ending on December
31.





Cash
Equivalents





The
Company considers all highly liquid investments with a maturity of three months
or less when purchased to be cash equivalents.


F-6





CHINA
TRANSPORTATION INTERNATIONAL HOLDINGS GROUP LIMITED


(FORMERLY
KNOWN AS CHINA DING CHENG SCIENCE HOLDINGS CO., LTD.)


NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)


(IN
US DOLLARS)





2.
            SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES
(CONTINUED)





Income
Taxes





The
Company accounts for income taxes under ASC 740 “Income Taxes”. Deferred income
tax assets and liabilities are determined based upon differences between the
financial reporting and tax bases of assets and liabilities and are measured
using the enacted tax rates and laws that will be effective when the differences
are expected to reverse.





Deferred
tax assets are reduced by a valuation allowance to the extent that management
concludes it is more likely than not that the assets will not be
realized.  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.  The effect on deferred tax assets and liabilities of a
change in tax rates is recognized in the consolidated statements of income in
the period that includes the enactment date.





ASC 740
prescribes a more-likely-than-not threshold for financial statement recognition
and measurement of a tax position taken in the tax return. This interpretation
also provides guidance on de-recognition of income tax assets and liabilities,
classification of current and deferred income tax assets and liabilities,
accounting for interest and penalties associated with tax positions, accounting
for income taxes in interim periods and income tax disclosures. As of March 31,
2010 and December 31, 2009, there were no amounts that had been accrued with
respect to uncertain tax positions.





Use
of Estimates





The
preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that  affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenues and expenses
during the reporting period. Actual results could differ from those
estimates.





Determination
of fair values involves subjective judgment and estimates not susceptible to
substantiation by auditing procedures. Accordingly, under current auditing
standards, the notes to our financial statements will refer to the uncertainty
with respect to the possible effect of such valuations, and any change in such
valuations, on our financial statements.





Earnings
Per Share





The
Company reports earnings per share in accordance with the ASC 260 “Earnings Per
Share” This statement requires dual presentation of basic and diluted earnings
(loss) with a reconciliation of the numerator and denominator of the loss per
share computations. Basic earnings per share amounts are based on the weighted
average shares of common outstanding. If applicable, diluted earnings per share
would assume the conversion, exercise or issuance of all potential common stock
instruments such as options, warrants and convertible securities, unless the
effect is to reduce a loss or increase earnings per share. There were no
adjustments required to net profit for the period presented in the computation
of diluted earnings per share. There were no common stock equivalents necessary
for the computation of diluted earnings per share.


F-7





CHINA
TRANSPORTATION INTERNATIONAL HOLDINGS GROUP LIMITED


(FORMERLY
KNOWN AS CHINA DING CHENG SCIENCE HOLDINGS CO., LTD.)


NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)


(IN
US DOLLARS)





2.
            SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES
(CONTINUED)





Comprehensive
Income





The
Company adopted Accounting Standards Codification (“ASC”) 220 “Comprehensive
Income”, which establishes standards for the reporting and display of
comprehensive income and its components in the financial statements.  There
were no items of comprehensive income applicable to the Company during the
period covered in the financial statements.





Fair
value of financial instruments





In August
2009, the FASB issued Accounting Standards Update "ASU" 2009-5 "Measuring
Liabilities at Fair Value". This ASU provides amendments to ASC 820-10 "Fair
Value Measurements and Disclosures" to address concerns regarding the
determination of the fair value of liabilities. Because liabilities are often
not "traded", due to restrictions placed on their transferability, there is
typically a very limited amount of trades (if any) from which to draw market
participant data. As such, many entities have had to determine the fair value of
a liability through the use of a hypothetical transaction. This ASU clarifies
the valuation techniques that must be used when the liability subject to the
fair value determination is not traded as an asset in an active market. The
management does not expect the adoption of this ASU to have a material effect on
the consolidated financial statements.





Related
Parties





Related
parties, which can be a corporation, individual, investor or another entity are
considered to be related if the party has the ability, directly or indirectly,
to control the other party or exercise significant influence over the Company in
making financial and operating decisions. Companies are also considered to be
related if they are subject to common control or common significant influence.
The Company has these relationships.





Commitments
and Contingencies





Certain
conditions may exist as of the date the financial statements are issued, which
may result in a loss to the Company, but which will only be resolved when one or
more future events occur or fail to occur. The Company’s management and its
legal counsel assess such contingent liabilities, and such assessment inherently
involves an exercise of judgment. In assessing loss contingencies related to
legal proceedings that are pending against the Company, or unasserted claims
that may result in such proceedings, the Company’s legal counsel evaluates the
perceived merits of any legal proceedings or unasserted claims as well as the
perceived merits of the amount of relief sought or expected to be sought
therein.





If the
assessment of a contingency indicates that it is probable that a material loss
has been incurred and the amount of the liability can be estimated, the
estimated liability would be accrued in the Company’s consolidated financial
statements. If the assessment indicates that a potentially material loss
contingency is not probable but is reasonably possible, or is probable but
cannot be estimated, the nature of the contingent liability, together with an
estimate of the range of possible loss if determinable and material, would be
disclosed.


F-8





CHINA
TRANSPORTATION INTERNATIONAL HOLDINGS GROUP LIMITED


(FORMERLY
KNOWN AS CHINA DING CHENG SCIENCE HOLDINGS CO., LTD.)


NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)


(IN
US DOLLARS)





2.
            SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES
(CONTINUED)





Subsequent
Events





The
Company has performed a review of events subsequent to the balance sheet date
through May 21, 2010, the date the financial statements were available for
issuance





Recently
Issued Accounting Pronouncements





In June
2009, the FASB issued ASC 810.10, guidance to change financial reporting by
enterprises involved with variable interest entities ("VIEs") which modifies how
a company determines when an entity that is insufficiently capitalized or is not
controlled through voting (or similar rights) should be consolidated. This
pronouncement clarifies that the determination of whether a company is required
to consolidate an entity is based on, among other things, an entity's purpose
and design and a company's ability to direct the activities of the entity that
most significantly impact the entity's economic performance.  The
guidance requires an ongoing reassessment of whether a company is the primary
beneficiary of a variable interest entity.  This guidance also
requires additional disclosures about a company's involvement in variable
interest entities and any significant changes in risk exposure due to that
involvement.  This guidance is effective for fiscal years beginning
after November 15, 2009. The Company does not anticipate that the adoption of
this statement will have a material impact on its financial
statement.





In
January 2010, FASB issued authoritative guidance intended to improve disclosures
about fair value measurements. The guidance requires entities to disclose
significant transfers in and out of fair value hierarchy levels and the reasons
for the transfers and to present information about purchases, sales, issuances
and settlements separately in the reconciliation of fair value measurements
using significant unobservable inputs (Level 3). Additionally, the guidance
clarifies that a reporting entity should provide fair value measurements for
each class of assets and liabilities and disclose the inputs and valuation
techniques used for fair value measurements using significant other observable
inputs (Level 2) and significant unobservable inputs (Level 3). This guidance is
effective for interim and annual periods beginning after December 15, 2009
except for the disclosures about purchases, sales, issuances and settlements in
the Level 3 reconciliation, which will be effective for interim and annual
periods beginning after December 15, 2010. As this guidance provides only
disclosure requirements, the adoption of this guidance will not impact the
Company’s financial condition or results of operations.





3.
            COMMON
      STOCK





As
      of March 31,
                  
                  
                  As
      of December 31,2010
                  
                  
                  2009The
      Company:Common
      Stock, $0.001 par value, 300,000,000 shares authorized; 20,000,000 shares
      issued and outstanding
                  
                  $
                  20,000
                  
                  
                  $
                  20,000





As of
March 31, 2010, the Company has authorized 300,000,000 of $0.001 par common
stock, of which 20,000,000 shares were issued and outstanding.


F-9





CHINA
TRANSPORTATION INTERNATIONAL HOLDINGS GROUP LIMITED


(FORMERLY
KNOWN AS CHINA DING CHENG SCIENCE HOLDINGS CO., LTD.)


NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)


(IN
US DOLLARS)





4.
            RELATED
      PARTY TRANSACTION





A
shareholder of the Company has paid expenses on behalf of the Company in
exchange for a note payable bearing no interest and due on demand. Amounts
payable to the shareholder at March 31, 2010 and December 31, 2009 were $25,596
and $14,789, respectively





5.
            SUBSEQUENT
      EVENT





On April
1, 2010, the Company entered into a Share Exchange Agreement (the “Exchange
Agreement”) with Eminent Promise Limited (“Eminent Promise”), a corporation
incorporated under the laws of the British Virgin Islands, and the shareholders
of Eminent Promise (the “Shareholders”).  Pursuant to the terms of the
Exchange Agreement, the Shareholders agreed to transfer all of the issued and
outstanding shares of common stock in Eminent Promise to the Company in exchange
for the issuance of an aggregate of 14,700,000 shares of the Company’s common
stock, par value $.001 (“Common Stock”), to the Shareholders, thereby causing
Eminent Promise and its wholly-owned subsidiaries, Tone Express (HK) Limited
(“Tone Express”), a company incorporated under the laws of Hong Kong Special
Administrative Region of PRC, and Yiyang Tone Express (HK) Limited (“Yiyang Tone
Express”), a corporation incorporated under the laws of the Peoples Republic of
China (“PRC”) to become wholly-owned subsidiaries of the Company, and Yiyang
Xiangyun Group Company Limited (the “YiYang Group”), a corporation organized
under the PRC laws to become a variable interest entity (“VIE”) of the
Company. Following the Share Exchange, the Company has a total of
20,000,000 shares of common stock issued and outstanding. In conjunction with
the Share Exchange, Mr. Yueming Guo returned 14,700,000 previously issued shares
of common stock to the Company for cancellation; Mr. Yueming Guo’s shares were
cancelled and returned to the Company’s authorized but unissued shares of common
stock.





As a
result of the Share Exchange the Company, through its subsidiaries and VIE,
is engaged in the business of providing public transportation services in
the PRC.  All business operations are conducted through the Company’s
wholly-owned subsidiary, Yiyang Tone Express, and through the YiYang Group, its
VIE.  The YiYang Group is considered to be a VIE because the Company
does not have any direct ownership interest in it, but, indirectly controls the
Yiyang Group through a series of contractual agreements by and among Yiyang Tone
Express, the Company’s wholly-owned subsidiary, the YiYang Group and its
shareholders.  Through the VIE Contractual Agreements, the Company is
able to exercise effective control over the Yiyang Group and to receive 100% of
the net profits derived from the business operations of the Yiyang
Group.





The share
exchange was accounted for as a “reverse merger”, since the stockholders of
Eminent Promise own a majority of the outstanding shares of the Company’s common
stock immediately following the share exchange. Eminent Promise is deemed to be
the accounting acquirer in the reverse merger.After
completion of the Share Exchange, the Company’s consolidated financial
statements will include the assets and liabilities of the Company and the Yiyang
Group, the historical operations of the Yiyang Group and the operations of the
Company and its subsidiaries from the closing date of the Share
Exchange.


F-10


CAUTIONARY
NOTE ON FORWARD LOOKING STATEMENTS




In
addition to historical information, this Quarterly Report on Form 10-Q contains
forward looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995.  The forward looking statements are subject
to certain risks and uncertainties that could cause actual results to differ
materially from those reflected in such forward looking statements.  In
some cases, you can identify forward looking statements by terminology such as
“may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,”
“estimates,” “predicts,” “projects,” “potential,” “proposed,” “intended,” or
“continue” or the negative of these terms or other comparable
terminology.  Readers are cautioned not to place undue reliance on
these forward looking statements, which reflect management’s opinions only as of
the date thereof. In evaluating such forward looking statements, readers
should carefully review the discussion of risks and uncertainties in this
Quarterly Report on Form 10-Q and in our most recent Current Report on Form 8-K
as well as in other filings with the Securities and Exchange
Commission  (“SEC”) including, without limitation:





●
            our
      financial position, business strategy and other plans and objectives for
      future operations;





●
            the
      ability of our management team to execute its plans to meet its
      goals;





●
            our
      ability to attract and retain
management;





●
            our
      growth strategies;





●
            anticipated
      trends in our business;





●
            our
      ability to consummate or integrate
acquisitions;





●
            our
      liquidity and ability to finance our operations and acquisition and
      development activities;





●
            the
      timing, cost and procedure for proposed
  acquisitions;





●
            the
      impact of government regulation in China and
  elsewhere;





●
            estimates
      regarding future net revenues or
profits;





●
            planned
      capital expenditures (including the amount and nature
      thereof);





●
            estimates,
      plans and projections relating to construction of facilities and the
      acquisition of facilities or
businesses;





●
            the
      possibility that our acquisitions may involve unexpected
      costs;





●
            the
      impact of competition;





●
            general
      economic conditions, whether internationally, nationally or in the
      regional and local market areas in which we are doing business, that may
      be less favorable than expected;
and





●
            other
      economic, competitive, governmental, legislative, regulatory, geopolitical
      and technological factors that may negatively impact our businesses,
      operations and pricing.





The
discussion of risks and uncertainties set forth in this Quarterly Report on Form
10-Q and in our most recent Current Report on Form 8-K as well as in other
filings with the SEC, is not necessarily a complete or exhaustive list of all
risks facing the Company at any particular point in time.  We operate
in the People’s Republic of China (“China” or “PRC”) in a highly
competitive and rapidly changing environment.  Therefore, it is likely
that new risks will emerge, and that the nature and elements of existing risks
will change, over time. It is not possible for management to predict all such
risk factors or changes therein, or to assess either the impact of all such risk
factors on our business or the extent to which any individual risk factor,
combination of factors, or new or altered factors, may cause results to differ
materially from those contained in any forward looking
statement.


11





Although
we believe that the expectations reflected in the forward looking statements are
reasonable, we cannot guarantee future results, growth rates, and levels of
activity, performance or achievements. Given the uncertainties that surround
such statements, you are cautioned not to place undue reliance on such forward
looking statements. Except as expressly required by the federal securities laws,
there is no undertaking to publicly update or revise any forward looking
statements, whether as a result of new information, future events, changed
circumstances or any other reason.


12





Item
2.  Management’s Discussion and Analysis of Financial Conditions of
Operations.




The
following discussion contains forward-looking statements. Forward looking
statements are identified by words and phrases such as "anticipate", "intend",
"expect", and words and phrases of similar import. We caution investors that
forward-looking statements are only predictions based on our current
expectations about future events and are not guarantees of future performance.
Actual results, performance or achievements could differ materially from those
expressed or implied by the forward-looking statements due to risks,
uncertainties and assumptions that are difficult to predict. We encourage you to
read those risk factors carefully along with the other information provided in
this current report on Form 10Q and in our other filings with the SEC before
deciding to invest in our stock or to maintain or change your investment. We
undertake no obligation to revise or update any forward-looking statement for
any reason, except as required by law.




You
should read this Management's Discussion and Analysis in conjunction with the
Consolidated Financial Statements and Related Notes.




Business
Overview




China
Transportation International Holdings Group Limited, was incorporated under the
laws of the State of Nevada on March 12, 2004 under the name Beautiful Life
Foods, Inc. On December 22, 2004, the Company amended its Articles of
Incorporation to change its name to Diamond Bay Holdings, Inc. On December
1, 2006, the Company amended its Articles of Incorporation to change its name to
Shaan’xi Ding Cheng Science Holding Co., Ltd.  On February 5, 2007 the
Company amended its Articles of Incorporation to change its name to China Ding
Cheng Science Holdings Co., Ltd.  Up until March 31, 2010, the
activities of the Company had been organizational ones, directed at developing
its business plan and raising its initial capital. The Company was a shell
company as defined in Rule 12b-2 under the Securities Act of 1933, having no or
nominal business operations, employees, or assets. Up until March 31,
2010,




The
Company entered into a Share Exchange with Eminent Promise Limited on April
1, 2010, As a result of the Share Exchange, Eminent Promise Limited and its
wholly-owned subsidiaries, Tone Express and Yiyang Tone Express became
wholly-owned subsidiaries of the Company and Yiyang Group became a variable
interest entity (“VIE”)of the Company.




As of
April 1, 2010, the Company engages in the business of public transportation
services in the PRC, but does not directly carry on any business operations. PRC
law restricts direct foreign ownership of transportation companies in the
PRC.  To comply with PRC laws, the Company operates through a
corporate structure consisting of its subsidiaries, VIE, and contractual
arrangements.  A VIE is a term used by the U.S. Financial Accounting
Standards Board to describe a legal business structure whose financial support
comes from another corporation which exerts control over the VIE.  All
of the Company’s business operations are structured around a series of
contractual agreements (the “VIE Contractual Agreements”) between Yiyang Tone
Express, our wholly-owned subsidiary, and Yiyang Group and its
shareholder.  Through the VIE Contractual Agreements, the Company is
able to exert effective control over Yiyang Group and its subsidiaries and to
receive 100% of the net profits derived from the business operations of Yiyang
Group.




Plan
of Operation




During
the next 12 months, the Company, after completion of the share exchange with
Eminent Promise Limited on April 1, 2010, will plan to take the following steps
in connection with the development of its transportation business in PRC and the
implementation of the following operation plans:




·
            The
      Company intends to continue with its general strategies to build a road
      transportation network throughout China and expand
      extensively;


·
            The
      Company will acquire or merge with an array of trans-provincial and
      trans-regional passenger transport companies and build the company to
      become the first choice for
passengers;


·
            The
      Company will build a multilevel passenger transport network and strive for
      expanding market;




13




·
            The
      Company will boost urban public transportation and integrate urban and
      rural passenger transport business.




Liquidity
and Capital Resources




As of
March 31, 2010, the Company remains in the development stage.  As of March
31, 2010, the Company’s unaudited balance sheet reflects total assets of $nil,
and total current liabilities of $28,021.  The Company has cash on hand of
$nil and a deficit accumulated in the development stage of
$340,949.




Off
Balance Sheet Arrangements




As of
March 31, 2010, the Company had no off balance sheet
arrangements.





ITEM
      3.
            Quantitative
      And Qualitative Disclosures About Market
Risk





Not
Applicable.





ITEM
      4T.
            Control
      And Procedures





Disclosure
Controls and Procedures





The
Securities and Exchange Commission defines the term “disclosure controls and
procedures” to mean a company's controls and other procedures of an issuer that
are designed to ensure that information required to be disclosed in the reports
that it files or submits under the Securities Exchange Act of 1934 is recorded,
processed, summarized and reported, within the time periods specified in
the Securities and Exchange Commission’s rules and forms. Disclosure
controls and procedures include, without limitation, controls and procedures
designed to ensure that information required to be disclosed by an issuer in the
reports that it files or submits under the Securities Exchange Act of 1934
is accumulated and communicated to the issuer’s management, including its
principal executive and principal financial officers, or persons performing
similar functions, as appropriate to allow timely decisions regarding required
disclosure.  The Company maintains such a system of controls and procedures
in an effort to ensure that all information which it is required to disclose in
the reports it files under the Securities Exchange Act of 1934 is recorded,
processed, summarized and reported within the time periods specified under the
SEC's rules and forms and that information required to be disclosed is
accumulated and communicated to principal executive and principal financial
officers to allow timely decisions regarding disclosure.





As of the
end of the period covered by this report, we carried out an evaluation, under
the supervision and with the participation of our chief executive officer and
chief financial officer, of the effectiveness of the design and operation of our
disclosure controls and procedures.  Based on this evaluation, our chief
executive officer and chief financial officer concluded that our disclosure
controls and procedures are designed to provide reasonable assurance of
achieving the objectives of timely alerting them to material information
required to be included in our periodic SEC reports and of ensuring that such
information is recorded, processed, summarized and reported within the time
periods specified.  Our chief executive officer and chief financial officer
also concluded that our disclosure controls and procedures were effective as of
the end of the period covered by this report to provide reasonable assurance of
the achievement of these objectives.





Changes
in Internal Control over Financial Reporting





There was
no change in the Company's internal control over financial reporting during the
period ended March 31, 2010, that has materially affected, or is reasonably
likely to materially affect, the Company's internal control over financial
reporting


14





PART
II-OTHER INFORMATION





ITEM
      1.
            Legal
      Proceedings





None.




ITEM
      2.
            Unregistered
      Sales of Equity Securities and Use of
Proceeds





None





ITEM
      3.
            Defaults
      Upon Senior Securities





None.





ITEM
      4.
            Submission
      of Matters to a Vote of Securities
Holders





None.





ITEM
      5.
            Other
      Information





None.





Item
      6.
            Exhibits





(a)  Exhibits





Exhibit
                Number
              Description
      of Exhibit31.1*
              Certification
      of Principal Executive Officer pursuant to Rule 13a-14 and Rule 15d-14(a),
      promulgated under the Securities and Exchange Act of 1934, as
      amended.31.2*
              Certification
      of Principal Financial Officer pursuant to Rule 13a-14 and Rule 15d 14(a),
      promulgated under the Securities and Exchange Act of 1934, as
      amended.32.1*
              Certification
      pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of
      the Sarbanes-Oxley Act of 2002 (Chief Executive
  Officer).32.2*
              Certification
      pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of
      the Sarbanes-Oxley Act of 2002 (Chief Financial
  Officer).




* Filed
herewith


15


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.





CHINA
      TRANSPORATION INTERNATIONAL
                HOLDINGS
      GROUP, LIMITED.May 24,
      2010
              By:
              /s/Caichun WenCaichun
      Wen
                Chief
      Executive Officer
                (Principal
      Executive Officer)May
      24, 2010
              By:
              /s/Xin HeXin
      He
                Chief
      Financial Officer
                (Principal
      Financial and
                Accounting
      Officer)




16