----

----

| [X]      | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES  |
|----------|-------------------------------------------------------------------------|
|     | EXCHANGE      ACT of 1934 For the quarter ended December 31, 2008       |
|     |                                                                    |
| OR       |                                                                    |
|     |                                                                    |
| [      ] | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES |
|     | EXCHANGE      ACT of 1934 For the transition periodfrom                 |

----

| Nevada                                             | N/A                                 |
|----------------------------------------------------|-------------------------------------|
| (State      or Other Jurisdiction of Organization) | (IRS      Employer Identification#) |

----

----

----

| Greater      China Media and Entertainment Corp.                                                   |   |                                                                                                                                                          |   |                                                                                                                                                                |
|----------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                               |   |                                                                                                                                                          |   |                                                                                                                                                                |
| Consolidated      Balance Sheets                                                                   |   |                                                                                                                                                          |   |                                                                                                                                                                |
|                                                                                               |   |                                                                                                                                                          |   |                                                                                                                                                                |
|                                                                                               |   | December      31,                                                                                                                                             |   | September      30,                                                                                                                                                  |
| (Expressed      in U.S. Dollars)                                                                   |   | 2008                                                                                                                                                          |   | 2008                                                                                                                                                                |
| ASSETS                                                                                             |   | (Unaudited)                                                                                                                                                   |   | (Audited)                                                                                                                                                           |
| Current      assets                                                                                |   |                                                                                                                                                          |   |                                                                                                                                                                |
|    Cash                                                                             | $      |                 56,305                                                        | $      |                   36,267                                                  |
|    Accounts      receivable, net of allowance for doubtful accounts                 |   |                                                                                                                                                          |   |                                                                                                                                                                |
|        of      $0 and $0, respectively                          |   |               766,997                                                                   |   |                 257,662                                                             |
|    Other      receivables                                                           |   |                   1,466                                             |   |                            8 |
|    Prepaid      expenses                                                            |   |                 50,254                                                        |   |                 416,677                                                             |
|                                                                                               |   |                                                                                                                                                          |   |                                                                                                                                                                |
| Total      current assets                                                                          |   |               875,022                                                                   |   |                 710,614                                                             |
|                                                                                               |   |                                                                                                                                                          |   |                                                                                                                                                                |
| Fixed      assets, net                                                                             |   |                 46,107                                                        |   |                   47,194                                                  |
| Capitalized      film and television costs, net                                                    |   |            1,276,932                                                                                   |   |              1,584,408                                                                             |
|                                                                                               |   |                                                                                                                                                          |   |                                                                                                                                                                |
|                                                                                               |   |                                                                                                                                                          |   |                                                                                                                                                                |
| Total      assets                                                                                  | $      |            2,198,061                                                                                   | $      |              2,342,216                                                                             |
|                                                                                               |   |                                                                                                                                                          |   |                                                                                                                                                                |
| LIABILITIES                                                                                        |   |                                                                                                                                                          |   |                                                                                                                                                                |
| Current      liabilities                                                                           |   |                                                                                                                                                          |   |                                                                                                                                                                |
|    Accounts      payable and accrued liabilities                                    | $      |            1,121,053                                                                                   | $      |                 771,935                                                             |
|    Deposit      received from customer                                              |   |                           - |   |                 292,100                                                             |
|    Accrued      consulting fees payable to related parties                          |   |               835,802                                                                   |   |                 781,822                                                             |
|    Loans      payable to related parties                                            |   |               158,005                                                                   |   |                 139,465                                                             |
|                                                                                               |   |                                                                                                                                                          |   |                                                                                                                                                                |
| Total      current liabilities and total liabilities                                               |   |            2,114,860                                                                                   |   |              1,985,322                                                                             |
|                                                                                               |   |                                                                                                                                                          |   |                                                                                                                                                                |
|                                                                                               |   |                                                                                                                                                          |   |                                                                                                                                                                |
| Minority      interests                                                                            |   |                 91,779                                                        |   |                 143,038                                                             |
|                                                                                               |   |                                                                                                                                                          |   |                                                                                                                                                                |
| STOCKHOLDERS'      EQUITY                                                                          |   |                                                                                                                                                          |   |                                                                                                                                                                |
|                                                                                               |   |                                                                                                                                                          |   |                                                                                                                                                                |
| Stockholders'      Equity                                                                          |   |                                                                                                                                                          |   |                                                                                                                                                                |
|    Preferred      stock: $0.00001 par value;                                        |   |                                                                                                                                                          |   |                                                                                                                                                                |
|    authorized      100,000,000 shares,                                              |   |                                                                                                                                                          |   |                                                                                                                                                                |
|    issued      and outstanding 0 and 0 shares, respectively                         |   |                           - |   |                            - |
|    Common      stock, $0.00001 par value;                                           |   |                                                                                                                                                          |   |                                                                                                                                                                |
|    authorized      1,000,000,000 shares,                                            |   |                                                                                                                                                          |   |                                                                                                                                                                |
|    issued      and outstanding 29,688,065 and 29,688,065 shares,    respectively    |   |                      297                             |   |                        297                       |
|    Additional      paid-in capital                                                  |   |            2,511,289                                                                                   |   |              2,511,289                                                                             |
|    Deferred      stock-based compensation                                           |   |             (156,000)                                                                             |   |               (273,000)                                                                       |
|    Accumulated      other comprehensive income                                      |   |               174,455                                                                   |   |                 168,380                                                             |
|    Deficit                                                                          |   |          (2,538,619)                                                                                             |   |            (2,193,110)                                                                                       |
|                                                                                               |   |                                                                                                                                                          |   |                                                                                                                                                                |
| Total      stockholders' equity                                                                    |   |                 (8,578)                                                       |   |                 213,856                                                             |
|                                                                                               |   |                                                                                                                                                          |   |                                                                                                                                                                |
| Total      liabilities and stockholders' equity                                                    | $      |            2,198,061                                                                                   | $      |              2,342,216                                                                             |
|                                                                                               |   |                                                                                                                                                          |   |                                                                                                                                                                |
|                                                                                               |   |                                                                                                                                                          |   |                                                                                                                                                                |
| (The      accompanying notes are an integral part of these consolidated financial      statements) |   |                                                                                                                                                          |   |                                                                                                                                                                |

----

| Greater      China Media and Entertainment Corp.                                                   |   |                                                                                                                                  |   |                                                                                                                                  |
|----------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------|
| Consolidated      Statements of Operations                                                         |   |                                                                                                                                  |   |                                                                                                                                  |
| (Unaudited)                                                                                        |   |                                                                                                                                  |   |                                                                                                                                  |
|                                                                                               |   |                                                                                                                                  |   |                                                                                                                                  |
|                                                                                               |   | Three      months ended                                                                                                               |
|                                                                                               |   | December      31,                                                                                                                     |
| (Expressed      in U.S. Dollars)                                                                   |   | 2008                                                                                                                                  |   | 2007                                                                                                                                  |
|                                                                                               |   |                                                                                                                                  |   |                                                                                                                                  |
| Revenues                                                                                           |   |                                                                                                                                  |   |                                                                                                                                  |
|    Promotional      and event services                                              | $      |        1,386,384                                                                                   | $      |           537,159                                                                   |
|    Film      and television production and distribution                             |   |           345,853                                                                   |   |           134,570                                                                   |
| Total      revenues                                                                                |   |        1,732,237                                                                                   |   |           671,729                                                                   |
|                                                                                               |   |                                                                                                                                  |   |                                                                                                                                  |
| Costs      and expenses                                                                            |   |                                                                                                                                  |   |                                                                                                                                  |
|    Costs      related to promotional and event services revenues                    |   |        1,448,773                                                                                   |   |           471,554                                                                   |
|    Costs      related to film and television production and                         |   |                                                                                                                                  |   |                                                                                                                                  |
|    distribution      revenues                                                       |   |               4,748                                             |   |                       - |
|    Amortization      of capitalized film and television costs                       |   |           319,757                                                                   |   |             74,686                                                        |
|    Selling,      general and administrative expenses                                |   |           356,076                                                                   |   |           293,687                                                                   |
| Total      operating costs and expenses                                                            |   |        2,129,354                                                                                   |   |           839,927                                                                   |
| Loss      from operations                                                                          |   |         (397,117)                                                                             |   |         (168,198)                                                                             |
|                                                                                               |   |                                                                                                                                  |   |                                                                                                                                  |
| Interest      income                                                                               |   |                  252                             |   |                  239                             |
| Minority      interests                                                                            |   |             51,356                                                        |   |               2,015                                             |
| Loss      before income taxes                                                                      |   |         (345,509)                                                                             |   |         (165,944)                                                                             |
| Income      taxes                                                                                  |   |                       - |   |                       - |
| Net      Loss                                                                                      | $      |         (345,509)                                                                             | $      |         (165,944)                                                                             |
|                                                                                               |   |                                                                                                                                  |   |                                                                                                                                  |
| Net      loss per share                                                                            |   |                                                                                                                                  |   |                                                                                                                                  |
| Basic      and diluted                                                                             | $      |               (0.01)                                            | $      |               (0.01)                                            |
|                                                                                               |   |                                                                                                                                  |   |                                                                                                                                  |
| Number      of common shares used to                                                               |   |                                                                                                                                  |   |                                                                                                                                  |
| compute      loss per share                                                                        |   |                                                                                                                                  |   |                                                                                                                                  |
|   Basic and      diluted                                                                 |   |      29,688,065                                                                                              |   |      27,843,478                                                                                              |
|                                                                                               |   |                                                                                                                                  |   |                                                                                                                                  |
| (The      accompanying notes are an integral part of these consolidated financial      statements) |   |                                                                                                                                  |   |

----

| Greater      China Media and Entertainment Corp.                                                   |
|----------------------------------------------------------------------------------------------------|
| Consolidated      Statement of Stockholders' Equity                                                |
| For      the three months ended December 31, 2008 and year ended September 30,      2008           |
| (Unaudited)                                                                                        |
|                                                                                               |   |   |   |   |   |   |   |
|                                                                                               |   |   |   |   |   |   |   |
|                                                                                               |   |   |   |  Deferred |   |  Accumulated      other | Total |
|                                                                                               |  Common      Stock |  Additional |  stock-based |   |  comprehensive | Stockholders' |
| (Expressed      in U.S. Dollars)                                                                   |  Shares |  Amount |  paid-in      capital |  compensation | Deficit |  income | Equity |
|                                                                                               |   |   |   |   |   |   |   |
| Balance,      September 30, 2007                                                                   |      25,300,000 |  $         253 |  $           1,756,622 |  $                          - |  $    (1,184,867) |  $                           18,416 |  $          590,424 |
|                                                                                               |   |   |   |   |   |   |   |
| Issuance      of common stock pursuant to                                                          |   |   |   |   |   |   |   |
| Consultancy      Services Agreement                                                                |        3,900,000 |               39 |                  701,961 |                 (702,000) |                        - |                                        - |                          - |
|                                                                                               |   |   |   |   |   |   |   |
| Amortization      of deferred stock-based                                                          |   |   |   |   |   |   |   |
| compensation      relating to the Consultancy                                                      |   |   |   |   |   |   |   |
| Services      Agreement                                                                            |                       - |                  - |                              - |                  429,000 |                        - |                                        - |              429,000 |
|                                                                                               |   |   |   |   |   |   |   |
| Issuance      of common stock for loan                                                             |   |   |   |   |   |   |   |
| repayment      at $0.108 per unit                                                                  |           488,065 |                 5 |                    52,706 |                              - |                        - |                                        - |                52,711 |
|                                                                                               |   |   |   |   |   |   |   |
| Foreign      currency translation adjustment                                                       |                       - |                  - |                              - |                              - |                        - |                             149,964 |              149,964 |
|                                                                                               |   |   |   |   |   |   |   |
| Net      loss for the year                                                                         |   |   |   |   |   |   |   |
| ended      September 30, 2008                                                                      |                       - |                  - |                              - |                              - |        (1,008,243) |                                        - |         (1,008,243) |
|                                                                                               |   |   |   |   |   |   |   |
| Balance,      September 30, 2008                                                                   |      29,688,065 |  $         297 |  $           2,511,289 |  $             (273,000) |  $    (2,193,110) |  $                         168,380 |  $          213,856 |
|                                                                                               |   |   |   |   |   |   |   |
| Amortization      of deferred stock-based                                                          |   |   |   |   |   |   |   |
| compensation      relating to the Consultancy                                                      |   |   |   |   |   |   |   |
| Services      Agreement                                                                            |                       - |                  - |                              - |                  117,000 |                        - |                                        - |              117,000 |
|                                                                                               |   |   |   |   |   |   |   |
| Foreign      currency translation adjustment                                                       |                       - |                  - |                              - |                              - |                        - |                                 6,075 |                  6,075 |
|                                                                                               |   |   |   |   |   |   |   |
| Net      loss for the three months                                                                 |   |   |   |   |   |   |   |
| ended      December 31, 2008                                                                       |                       - |                  - |                              - |                              - |           (345,509) |                                        - |            (345,509) |
|                                                                                               |   |   |   |   |   |   |   |
| Balance,      December 31, 2008                                                                    |      29,688,065 |  $         297 |  $           2,511,289 |  $             (156,000) |  $    (2,538,619) |  $                         174,455 |  $            (8,578) |
|                                                                                               |   |   |   |   |   |   |   |
| (The      accompanying notes are an integral part of these consolidated financial      statements) |   |   |   |   |   |

----

| Greater      China Media and Entertainment Corp.                                                   |    |                                                                                                                            |    |                                                                                                                            |
|----------------------------------------------------------------------------------------------------|---------|---------------------------------------------------------------------------------------------------------------------------------|---------|---------------------------------------------------------------------------------------------------------------------------------|
|                                                                                               |    |                                                                                                                            |    |                                                                                                                            |
| Consolidated      Statements of Cash Flows                                                         |    |                                                                                                                            |    |                                                                                                                            |
| (Unaudited)                                                                                        |    |                                                                                                                            |    |                                                                                                                            |
|                                                                                               |    |                                                                                                                            |    |                                                                                                                            |
|                                                                                               |    |  Three      months ended                                                                                                   |
|                                                                                               |    |  December      31,                                                                                                         |
| (Expressed      in U.S. Dollars)                                                                   |    | 2008                                                                                                                            |    | 2007                                                                                                                            |
|                                                                                               |    |                                                                                                                            |    |                                                                                                                            |
| Cash      flows from (used in) operating activities                                                |    |                                                                                                                            |    |                                                                                                                            |
|    Net      loss                                                                    | $       |         (345,509)                                                                       | $       |         (165,944)                                                                       |
|    Adjustments      to reconcile net loss to net cash                               |    |                                                                                                                            |    |                                                                                                                            |
|    provided      by (used for) operating activities:                                |    |                                                                                                                            |    |                                                                                                                            |
|    Depreciation      of fixed assets                                                |    |               2,719                                       |    |                  694                       |
|    Amortization      of capitalized film and television costs                       |    |           319,757                                                             |    |             74,686                                                  |
|    Stock-based      compensation                                                    |    |           117,000                                                             |    |             78,000                                                  |
|    Minority      interests                                                          |    |           (51,356)                                                            |    |             (2,015)                                                 |
|    Changes      in operating assets and liabilities:                                |    |                                                                                                                            |    |                                                                                                                            |
|      Accounts      receivable                                             |    |         (509,335)                                                                       |    |           466,447                                                             |
|      Other      receivables                                               |    |             (1,458)                                                 |    |             (9,857)                                                 |
|      Prepaid      expenses                                                |    |           366,423                                                             |    |         (126,350)                                                                       |
|      Accounts      payable and accrued liabilities                        |    |           349,118                                                             |    |             13,141                                                  |
|      Deposit      received from customer                                  |    |         (292,100)                                                                       |    |                      - |
|      Deferred      revenues                                               |    |                      - |    |           332,182                                                             |
|      Accrued      consulting fees payable to related parties              |    |             53,980                                                  |    |             70,657                                                  |
| Net      cash provided by (used for) operating activities                                          |    |               9,239                                       |    |           731,641                                                             |
|                                                                                               |    |                                                                                                                            |    |                                                                                                                            |
| Cash      flows used in investing activities                                                       |    |                                                                                                                            |    |                                                                                                                            |
|   Capitalized      film and television costs                                             |    |             (7,311)                                                 |    |                      - |
|   Acquisition      of fixed assets                                                       |    |             (1,462)                                                 |    |           (22,658)                                                            |
| Net      cash used for investing activities                                                        |    |             (8,773)                                                 |    |           (22,658)                                                            |
|                                                                                               |    |                                                                                                                            |    |                                                                                                                            |
| Cash      flows from (used in) financing activities                                                |    |                                                                                                                            |    |                                                                                                                            |
|   Increase      (decrease) in loans payable to related parties                           |    |             18,540                                                  |    |           (11,007)                                                            |
| Net      cash provided by (used for) financing activities                                          |    |             18,540                                                  |    |           (11,007)                                                            |
|                                                                                               |    |                                                                                                                            |    |                                                                                                                            |
| Effect      of foreign exchange rate changes on cash                                               |    |               1,032                                       |    |             13,507                                                  |
|                                                                                               |    |                                                                                                                            |    |                                                                                                                            |
| Increase      in cash                                                                              |    |             20,038                                                  |    |           711,483                                                             |
|                                                                                               |    |                                                                                                                            |    |                                                                                                                            |
| Cash,      beginning of period                                                                     |    |             36,267                                                  |    |             81,885                                                  |
| Cash,      end of period                                                                           | $       |             56,305                                                  | $       |           793,368                                                             |
|                                                                                               |    |                                                                                                                            |    |                                                                                                                            |
|                                                                                               |    |                                                                                                                            |    |                                                                                                                            |
| Supplemental      disclosures of cash flow information:                                            |    |                                                                                                                            |    |                                                                                                                            |
|     Interest      paid                                                         |  $ |                      - |  $ |                  591                       |
|     Income      tax paid                                                       |  $ |                      - |  $ |                      - |
|                                                                                               |    |                                                                                                                            |    |                                                                                                                            |
| Non-cash      Investing and Financing Activities:                                                  |    |                                                                                                                            |    |                                                                                                                            |
|    Common      stock issued pursuant to consulting agreement                        |  $ |                      - |  $ |           702,000                                                             |
|    Common      stock issued for loan repayment                                      |  $ |                      - |  $ |                      - |
|                                                                                               |    |                                                                                                                            |    |                                                                                                                            |
| (The      accompanying notes are an integral part of these consolidated financial      statements) |    |                                                                                                                            |    |

----

|                                         | Three      months ended December      31,                                 |
|----------------------------------------------|---------------------------------------------------------------------------|
|                                         | 2008                                                                      | 2007 |
|                                         |                                                                      |   |
| Numerator      - net loss available to       |                                                                      |   |
| common      stockholders                     |  $    (345,509)                                  |  $    (165,944) |
|                                         |                                                                      |   |
| Denominator      - weighted average number   |                                                                      |   |
| of      common shares outstanding            |     29,688,065                                        |     27,843,478 |
|                                         |                                                                      |   |
| Basic      and diluted loss per common share |  $          (0.01) |  $          (0.01) |

----

|                                            | December      31,                                                                                     |   | September      30,                                                                                                                    |
|-------------------------------------------------|-------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------|
|                                            | 2008                                                                                                  |   | 2008                                                                                                                                  |
|                                            |                                                                                                  |   |                                                                                                                                  |
| "Tough      Guy" theatrical film                |  -                                                                                               |   |  $          532,960                                                            |
| "Rose      Throne" television series            |          1,189,409                                       |   |           1,185,108                                                                 |
| "Cherry      Love" television series            |             129,577                       |   |              129,108                                                 |
| "Where      is my Home" television series       |                 7,329 |   |                       - |
| Total                                           |          1,326,315                                       |   |           1,847,176                                                                 |
| Less:      accumulated amortization             |             (49,383)                      |   |            (262,768)                                                           |
| Capitalized      film and television costs, net |  $      1,276,932                                                  |   |  $       1,584,408                                                                            |

----

----

|                                | December      31,                                                                                     |   | September      30,                                                                                          |
|-------------------------------------|-------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------|
|                                | 2008                                                                                                  |   | 2008                                                                                                        |
|                                |                                                                                                  |   |                                                                                                        |
| Computer      equipment             |  $           51,457                       |   |  $            52,220                       |
| Furniture      and fixtures         |                 5,718 |   |                  3,287 |
| Total                               |               57,175            |   |                55,507            |
| Less:      accumulated depreciation |             (11,068)                      |   |                (8,313)           |
| Net                                 |  $           46,107                       |   |  $            47,194                       |

|                                                        | December      31,                                                               |   | September      30,                                                                    |
|-------------------------------------------------------------|---------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------|
|                                                        | 2008                                                                            |   | 2008                                                                                  |
|                                                        |                                                                            |   |                                                                                  |
| Consulting      fees payable to:                            |                                                                            |   |                                                                                  |
| Jake      Wei (Chairman of the Board of Directors and       |                                                                            |   |                                                                                  |
| Chief      Executive Officer) and affiliated companies      |  $         669,134            |   |  $          615,154            |
| John      Hui (Former Director and Chief Executive Officer) |             166,668 |   |              166,668 |
| Total                                                       |  $         835,802            |   |  $          781,822            |

|                                                              | December      31,                                                    |   | September      30,                                                         |
|-------------------------------------------------------------------|----------------------------------------------------------------------|--------|----------------------------------------------------------------------------|
|                                                              | 2008                                                                 |   | 2008                                                                       |
|                                                              |                                                                 |   |                                                                       |
| Loan      payable to Jack Wei, Chairman of the Board of Directors |                                                                 |   |                                                                       |
| and      Chief Executive Officer, and affiliated companies,       |                                                                 |   |                                                                       |
| non-interest      bearing, due on demand                          |  $         158,005 |   |  $          139,465 |
| Total                                                             |  $         158,005 |   |  $          139,465 |

----

|                                                 |   | 2008                                                                    | 2007                                                                                    |
|------------------------------------------------------|--------|-------------------------------------------------------------------------|-----------------------------------------------------------------------------------------|
| Revenues:                                            |   |                                                                    |                                                                                    |
| Promotional      and event services                  |   |  $  1,386,384                                            |  $     537,159                                            |
| Film      and television production and distribution |   |         345,853                 |         134,570                                 |
| Total                                                |   |  $  1,732,237                                            |  $     671,729                                            |
|                                                 |   |                                                                    |                                                                                    |
| Income      (loss) from operations:                  |   |                                                                    |                                                                                    |
| Promotional      and event services                  |   |  $    (126,992)                                |  $       (5,276)                                |
| Film      and television production and distribution |   |         (75,699)                |           14,360                      |
| Corporate                                            |   |       (194,426)                           |       (177,282)                                           |
| Total                                                |   |  $    (397,117)                                |  $    (168,198)                                                |
|                                                 |   |                                                                    |                                                                                    |
| Identifiable      assets:                            |   |                                                                    |                                                                                    |
| Promotional      and event services                  |   |  $     874,504                            |  $     272,339                                            |
| Film      and television production and distribution |   |      1,316,921                                 |      1,875,079                                                 |
| Corporate                                            |   |            6,636 |            8,657                 |
| Total                                                |   |  $  2,198,061                                            |  $  2,156,075                                                            |
|                                                 |   |                                                                    |                                                                                    |
| Capital      expenditures:                           |   |                                                                    |                                                                                    |
| Promotional      and event services                  |   |  $         1,462      |  $       22,012                                 |
| Film      and television production and distribution |   |            7,311 |               646 |
| Total                                                |   |  $         8,773      |  $       22,658                                 |
|                                                 |   |                                                                    |                                                                                    |
| Depreciation      and amortization:                  |   |                                                                    |                                                                                    |
| Promotional      and event services                  |   |  $         2,431      |  $           580            |
| Film      and television production and distribution |   |         320,045                 |           74,800                      |
| Total                                                |   |  $     322,476                            |  $       75,380                                 |

----

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION ANDRESULTS OF OPERATIONS

| - | net      cash provided by operating activities was $9,239 and $731,641,      respectively. |
|---|--------------------------------------------------------------------------------------------|

|        - | net      cash used for investing activities was $8,773 and $22,658,      respectively. |
|---------------|----------------------------------------------------------------------------------------|

|        - | net      cash provided by and (used for) financing activities was $18,540 and      ($11,007), respectively. |
|---------------|-------------------------------------------------------------------------------------------------------------|

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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKETRISK

PART II - OTHER INFORMATION

ITEM 1 - LEGALPROCEEDINGS

| (a) | The      following exhibits are includedherein: |
|-----|-------------------------------------------------|

Certifications of Chief Executive Officer Pursuant toSection 302 of the Sarbanes-Oxley Act of 2002

Certifications of Chief Financial Officer Pursuant toSection 302 of the Sarbanes-Oxley Act of 2002

Certification of Chief Executive Officer Pursuant toSection 906 of the Sarbanes-Oxley Act of 2002

 Certification of Chief Financial Officer Pursuantto Section 906 of the Sarbanes-Oxley Act of 2002

|   | GREATER      CHINA MEDIA AND ENTERTAINMENT CORP. |
|--------|--------------------------------------------------|
|   | (the      "Registrant")                          |
|   |                                             |   |
|   | BY:                                              | /s/      Jake      Wei |
|   |                                             | Jake      WeiChairman      of Board of Directors |
|   |                                             |   |
|   | BY:                                              | /s/      Liu,      XiaoLin |
|   |                                             | Liu,      XiaoLinMember      of Board of Directors |

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