----

----

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

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

| Nevada                                                        |   | 20-1977020                        |
|---------------------------------------------------------------|--------|-----------------------------------|
| (State or other jurisdictionof incorporation or organization) |   | (IRS Employer Identification No.) |

| Large Accelerated Filer |   |   | Accelerated Filer         |   |
|-------------------------|--------|--------|---------------------------|--------|
| Non-accelerated filer   |   |   | Smaller reporting company | X      |

----

| PART I - FINANCIAL INFORMATION                                                                                                                                                                                                                                           |   3  |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------|
|                                                                                                                                                                                                                                                                     |      |
| Item 1.  Financial Statements                                                                                                                                                                                                                                  |   3  |
|                                                                                                                                                                                                                                                                     |      |
|       Consolidated Balance Sheets at March 31, 2011 (unaudited) and June 30, 2010                                                                                                                                                          | 3         |
|                                                                                                                                                                                                                                                                     |      |
| Unaudited Consolidated Statements of Operations for the three months andnine months ended March 31, 2011 and 2010                                                                                                                                                        | 4         |
|                                                                                                                                                                                                                                                                     |      |
|                          Unaudited Consolidated Statement of Comprehensive income for three months and nine months ended March 31, 2011 and 2010 | 5         |
|                                                                                                                                                                                                                                                                     |      |
| Unaudited Consolidated Statements of Cash Flows for the three and nine months ended March 31, 2011 and 2010                                                                                                                                               | 6         |
|                                                                                                                                                                                                                                                                     |      |
| Unaudited Notes to Consolidated Financial Statements                                                                                                                                                                                                                     | 7         |
|                                                                                                                                                                                                                                                                     |      |
| Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations                                                                                                                                                           | 19        |
|                                                                                                                                                                                                                                                                     |      |
| Item 3.  Quantitative and Qualitative Disclosures About Market Risk                                                                                                                                                                                            | 25        |
|                                                                                                                                                                                                                                                                     |      |
| Item 4. Controls and Procedures                                                                                                                                                                                                                                          | 25        |
|                                                                                                                                                                                                                                                                     |      |
|                                                                                                                                                                                                                                                                     |      |
| PART II – OTHER INFORMATION                                                                                                                                                                                                                                        |   26 |
|                                                                                                                                                                                                                                                                     |      |
| Item 1.  Legal Proceedings                                                                                                                                                                                                                                     | 26        |
|                                                                                                                                                                                                                                                                     |      |
| Item 1A. Risk Factors                                                                                                                                                                                                                                                    | 26        |
|                                                                                                                                                                                                                                                                     |      |
| Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                                                                                                           | 26        |
|                                                                                                                                                                                                                                                                     |      |
| Item 3.  Defaults Upon Senior Securities                                                                                                                                                                                                                       | 26        |
|                                                                                                                                                                                                                                                                     |      |
| Item 4.  (Removed and Reserved)                                                                                                                                                                                                                                | 26        |
|                                                                                                                                                                                                                                                                     |      |
| Item 5.  Other Information                                                                                                                                                                                                                                     | 26        |
|                                                                                                                                                                                                                                                                     |      |
| Item 6.  Exhibits                                                                                                                                                                                                                                              | 27        |
|                                                                                                                                                                                                                                                                     |      |

----

|                                                                         |   | March 31,   |       |   | June 30, |   |
|------------------------------------------------------------------------------|--------|-------------|------------|--------|----------|--------|
|                                                                         |   | 2011        |       |   | 2010     |   |
| Assets                                                                       |   | (Unaudited) |       |   |     |   |
| Current assets:                                                              |   |        |       |   |     |   |
| Cash and cash equivalents                                                    |   | $           | 1,448,202  |   |     | $      | 6,221,273 |   |
| Restricted cash                                                              |   |        | 9,447,730  |   |     |   | 4,744,084 |   |
| Accounts receivable, net of allowance for doubtful accounts of $1,322,168    |   |        | 16,431,067 |   |     |   | 10,915,611 |   |
|   and $1,284,360 at March 31, 2011 and June 30, 2010, respectively |   |        |       |   |     |   |   |   |
| Inventory                                                                    |   |        | 8,919,857  |   |     |   | 8,298,177 |   |
| Trade notes receivable                                                       |   |        | 629,124    |   |     |   | 515,150 |   |
| Other receivables                                                            |   |        | 613,585    |   |     |   | 484,003 |   |
| Advance payments                                                             |   |        | 522,340    |   |     |   | 1,287,924 |   |
| Prepaid expenses and other current assets                                    |   |        | 467,002    |   |     |   | 299,713 |   |
| Total current assets                                                         |   |        | 38,478,907 |   |     |   | 32,765,935 |   |
|                                                                         |   |        |       |   |     |   |   |   |
| Property and equipment, net                                                  |   |        | 14,352,429 |   |     |   | 11,201,241 |   |
|                                                                         |   |        |       |   |     |   |   |   |
| Other noncurrent assets:                                                     |   |        |       |   |     |   |   |   |
| Advance payments – non current                                         |   |        | 1,673,408  |   |     |   | 2,382,545 |   |
| Intangible assets, net                                                       |   |        | 3,109,886  |   |     |   | - |   |
| Deferred loss on sales of assets                                             |   |        | 2,051,564  |   |     |   | 1,899,277 |   |
| Prepaid expenses                                                             |   |        | 1,158,598  |   |     |   | 952,676 |   |
|                                                                         |   |        |       |   |     |   |   |   |
| Total assets                                                                 |   | $           | 60,824,792 |   |     | $      | 49,201,674 |   |
|                                                                         |   |        |       |   |     |   |   |   |
| Liabilities                                                                  |   |        |       |   |     |   |   |   |
| Current liabilities:                                                         |   |        |       |   |     |   |   |   |
| Accounts payable and accrued expenses                                        |   | $           | 4,365,950  |   |     | $      | 2,401,560 |   |
| Trade notes payable                                                          |   |        | 9,046,626  |   |     |   | 4,659,370 |   |
| Short-term bank loans                                                        |   |        | 3,054,000  |   |     |   | 2,946,000 |   |
| Current portion of long-term debt                                            |   |        | 4,547,296  |   |     |   | 2,589,409 |   |
| Income tax payable                                                           |   |        | 376,880    |   |     |   | 127,169 |   |
| Other current liabilities                                                    |   |        | 128,084    |   |     |   | 167,728 |   |
| Total current liabilities                                                    |   |        | 21,518,836 |   |     |   | 12,891,236 |   |
| Long-term debt                                                               |   |        | 3,235,028  |   |     |   | 3,049,115 |   |
| Total liabilities                                                            |   |        | 24,753,864 |   |     |   | 15,940,351 |   |
|                                                                         |   |        |       |   |     |   |   |   |
| Equity                                                                       |   |        |       |   |     |   |   |   |
| Stockholders’ equity:                                                  |   |        |       |   |     |   |   |   |
| Series A convertible preferred stock, $0.0001 par value, 5,608,564           |   |        |       |   |     |   |   |   |
|   shares authorized, issued and outstanding                        |   |        | 561        |   |     |   | 561 |   |
| Series B convertible preferred stock, $0.0001 par value, 5,000,000           |   |        |       |   |     |   |   |   |
|   shares authorized, issued and outstanding                        |   |        | 500        |   |     |   | 500 |   |
| Series C convertible preferred stock, $0.0001 par value, 12,000,000          |   |        |       |   |     |   |   |   |
|   shares authorized, issued and outstanding                        |   |        | 1,200      |   |     |   | 1,200 |   |
| Common stock, $0.001 par value, 300,000,000 shares authorized,               |   |        |       |   |     |   |   |   |
| 36,368,334shares issued and outstanding at March 31, 2011                    |   |        |       |   |     |   |   |   |
| and June 30, 2010, respectively                                              |   |        | 36,368     |   |     |   | 36,368 |   |
| Series A preferred stock                                                     |   |        | 2,484,226  |   |     |   | 2,484,226 |   |
| Series B preferred stock                                                     |   |        | 1,390,853  |   |     |   | 1,390,853 |   |
| Additional paid-in capital                                                   |   |        | 23,903,645 |   |     |   | 23,184,206 |   |
| Retained earnings                                                            |   |        | 2,658,373  |   |     |   | 1,776,028 |   |
| Statutory reserves                                                           |   |        | 1,551,089  |   |     |   | 1,551,089 |   |
| Accumulated other comprehensive income                                       |   |        | 3,935,088  |   |     |   | 2,731,043 |   |
| Total stockholders’ equity                                             |   |        | 35,961,903 |   |     |   | 33,156,074 |   |
| Non-controlling interest                                                     |   |        | 109,025    |   |     |   | 105,249 |   |
| Total equity                                                                 |   |        | 36,070,928 |   |     |   | 33,261,323 |   |
|                                                                         |   |        |       |   |     |   |   |   |
| Total liabilities and equity                                                 |   | $           | 60,824,792 |   |     | $      | 49,201,674 |   |

----

|                                                    |   | For the Three Months Ended |       |   | For the Nine Months Ended |   |
|---------------------------------------------------------|--------|----------------------------|------------|--------|---------------------------|--------|
|                                                    |   | March 31,                  |       |   | March 31,                 |   |
|                                                    |   | 2011                       |       |   | 2010                      |   |   | 2011 |   |   | 2010 |   |
|                                                    |   |                       |       |   |                      |   |   |   |   |   |   |   |
| Sales                                                   |   | $                          | 19,705,508 |   |                      | $      | 12,876,271 |   |   | $ | 52,549,376 |   |   | $ | 42,604,455 |   |
|                                                    |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Cost of sales                                           |   |                       | 16,694,942 |   |                      |   | 10,125,261 |   |   |   | 43,094,737 |   |   |   | 31,994,077 |   |
|                                                    |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit                                            |   |                       | 3,010,566  |   |                      |   | 2,751,010 |   |   |   | 9,454,639 |   |   |   | 10,610,378 |   |
|                                                    |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Operating expenses                                      |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Selling, general and administrative                     |   |                       | 2,052,282  |   |                      |   | 1,948,808 |   |   |   | 7,592,038 |   |   |   | 6,642,627 |   |
|                                                    |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Incomefrom operations                                   |   |                       | 958,284    |   |                      |   | 802,202 |   |   |   | 1,862,601 |   |   |   | 3,967,751 |   |
|                                                    |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Other income (expenses):                                |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Interestincome,net                                      |   |                       | (217,268   | )      |                      |   | (104,741 | ) |   |   | (523,595 | ) |   |   | (296,797 | ) |
| Non-operatingincome, net                                |   |                       | 9,286      |   |                      |   | 228 |   |   |   | 21,627 |   |   |   | 86,594 |   |
|                                                    |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Total other income (expenses)                           |   |                       | (207,982   | )      |                      |   | (104,513 | ) |   |   | (501,968 | ) |   |   | (210,203 | ) |
|                                                    |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Income before provision for income taxes                |   |                       | 750,302    |   |                      |   | 697,689 |   |   |   | 1,360,633 |   |   |   | 3,757,548 |   |
|                                                    |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Provision for income taxes                              |   |                       | 165,027    |   |                      |   | 143,148 |   |   |   | 478,369 |   |   |   | 710,510 |   |
|                                                    |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Netincome                                               |   |                       | 585,275    |   |                      |   | 554,541 |   |   |   | 882,264 |   |   |   | 3,047,038 |   |
|                                                    |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Less: net loss attributable to non-controlling interest |   |                       | -          |   |                      |   | (149 | ) |   |   | (81 | ) |   |   | (294 | ) |
|                                                    |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to Jpak Group, Inc.             |   |                       | 585,275    |   |                      |   | 554,690 |   |   |   | 882,345 |   |   |   | 3,047,332 |   |
|                                                    |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Undistributed income attributable to preferred          |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
|   stockholders                                |   |                       | 313,396    |   |                      |   | 257,672 |   |   |   | 472,467 |   |   |   | 1,379,110 |   |
|                                                    |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to common                       |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Stockholders                                            |   |                       | 271,879    |   |                      |   | 297,018 |   |   |   | 409,878 |   |   |   | 1,668,222 |   |
|                                                    |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Basic earnings per common share                         |   | $                          | 0.01       |   |                      | $      | 0.01 |   |   | $ | 0.01 |   |   | $ | 0.05 |   |
| Diluted earnings per common share                       |   | $                          | 0.01       |   |                      | $      | 0.01 |   |   | $ | 0.01 |   |   | $ | 0.05 |   |
|                                                    |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average number of common shares                |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Outstanding                                             |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
|      Basic                     |   |                       | 36,368,334 |   |                      |   | 36,368,334 |   |   |   | 36,368,334 |   |   |   | 31,489,511 |   |
|      Diluted                   |   |                       | 67,918,795 |   |                      |   | 68,442,656 |   |   |   | 68,287,451 |   |   |   | 57,651,605 |   |

----

|       |   | For the Three Months Ended |    |   | For the Nine Months Ended |   |
|------------|--------|----------------------------|---------|--------|---------------------------|--------|
|       |   | March 31,                  |    |   | March 31,                 |   |
|       |   | 2011                       |    |   | 2010                      |   |   | 2011 |   |   | 2010 |   |
|       |   |                       |    |   |                      |   |   |   |   |   |   |   |
| Net income |   | $                          | 585,275 |   |                      | $      | 554,541 |   |   | $ | 882,264 |   |   | $ | 3,047,038 |   |

| Other comprehensive income                            |   |   |    |   |   |   |    |   |   |   |      |   |
|-------------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|-----------|--------|
| Foreign currency translation adjustment               |   |   | 228,533 |   |   |   | 8,012   |   |   |   | 1,207,902 |   |   |   | 33,643 |   |
|                                                  |   |   |    |   |   |   |    |   |   |   |      |   |   |   |   |   |
| Total other comprehensive income                      |   |   | 228,533 |   |   |   | 8,012   |   |   |   | 1,207,902 |   |   |   | 33,643 |   |
|                                                  |   |   |    |   |   |   |    |   |   |   |      |   |   |   |   |   |
| Comprehensive income                                  |   |   | 813,808 |   |   |   | 562,553 |   |   |   | 2,090,166 |   |   |   | 3,080,681 |   |
|                                                  |   |   |    |   |   |   |    |   |   |   |      |   |   |   |   |   |
| Comprehensive income attributable to the              |   |   |    |   |   |   |    |   |   |   |      |   |   |   |   |   |
| noncontrolling interest                               |   |   | (714    | )      |   |   | (1      | )      |   |   | (3,857    | )      |   |   | (444 | ) |
|                                                  |   |   |    |   |   |   |    |   |   |   |      |   |   |   |   |   |
| Comprehensive income attributable to Jpak Group, Inc. |   | $      | 813,094 |   |   | $      | 562,552 |   |   | $      | 2,086,309 |   |   | $ | 3,080,237 |   |

----

|                                                     |   | For the Nine Months Ended |       |
|----------------------------------------------------------|--------|---------------------------|------------|
|                                                     |   | March 31,                 |       |
|                                                     |   | 2011                      |       |   | 2010 |   |
|                                                     |   |                      |       |   |   |   |
| Cash flows from operating activities:                    |   |                      |       |   |   |   |
| Net income                                               |   | $                         | 882,264    |   |   | $ | 3,047,038 |   |
| Adjustments to reconcile net income to net cash          |   |                      |       |   |   |   |   |   |
|   provided by (used in) operating activities:  |   |                      |       |   |   |   |   |   |
| Depreciation and amortization                            |   |                      | 1,039,053  |   |   |   | 1,168,485 |   |
| Share-based payment                                      |   |                      | 719,439    |   |   |   | - |   |
| Loss on disposal of fixed assets                         |   |                      | 9,557      |   |   |   | 2,355 |   |
| Changes in assets and liabilities:                       |   |                      |       |   |   |   |   |   |
| Accounts receivable                                      |   |                      | (5,031,544 | ) |   |   | (2,201,790 | ) |
| Inventory                                                |   |                      | (312,274   | ) |   |   | (3,121,290 | ) |
| Trade notes receivable                                   |   |                      | (93,531    | ) |   |   | (942,425 | ) |
| Other receivables                                        |   |                      | (110,008   | ) |   |   | (99,430 | ) |
| Advance payments                                         |   |                      | 1,558,161  |   |   |   | (741,029 | ) |
| Prepaid expenses and other current assets                |   |                      | (156,534   | ) |   |   | 188,026 |   |
| Accounts payable and accrued expenses                    |   |                      | 1,854,723  |   |   |   | 507,918 |   |
| Income tax payable                                       |   |                      | 60,678     |   |   |   | 135,517 |   |
| Other current liabilities                                |   |                      | (45,041    | ) |   |   | 99,391 |   |
| Total adjustments                                        |   |                      | (507,321   | ) |   |   | (5,004,272 | ) |
|                                                     |   |                      |       |   |   |   |   |   |
| Net cash provided by (used in) operating activities      |   |                      | 374,943    |   |   |   | (1,957,234 | ) |
|                                                     |   |                      |       |   |   |   |   |   |
| Cash flows from investing activities:                    |   |                      |       |   |   |   |   |   |
| Advance payments for fixed assets                        |   |                      | 24,772     |   |   |   | (1,656,081 | ) |
| Additions to property and equipment                      |   |                      | (3,795,651 | ) |   |   | (784,748 | ) |
| Proceeds from disposal of fixed assets                   |   |                      | 5,892      |   |   |   | - |   |
| Acquisition of intangible assets – land use rights |   |                      | (3,080,127 | ) |   |   | - |   |
|                                                     |   |                      |       |   |   |   |   |   |
| Net cash used in investing activities                    |   |                      | (6,845,114 | ) |   |   | (2,440,829 | ) |
|                                                     |   |                      |       |   |   |   |   |   |
| Cash flows from financing activities:                    |   |                      |       |   |   |   |   |   |
| Restricted cash                                          |   |                      | (4,455,568 | ) |   |   | 549,069 |   |
| Issuanceof trade notes payable                           |   |                      | 4,147,413  |   |   |   | 126,246 |   |
| Proceeds from short-term bank loans                      |   |                      | -          |   |   |   | 586,560 |   |
| Proceeds from long-term debt                             |   |                      | 1,905,378  |   |   |   | 2,990,884 |   |
| Additional paid-in capital                               |   |                      | -          |   |   |   | 5,916,500 |   |
|                                                     |   |                      |       |   |   |   |   |   |
| Net cash provided by financing activities                |   |                      | 1,597,223  |   |   |   | 10,169,259 |   |
|                                                     |   |                      |       |   |   |   |   |   |
| Effect of foreign currency translation on cash           |   |                      | 99,877     |   |   |   | 7,890 |   |
|                                                     |   |                      |       |   |   |   |   |   |
| Net increase (decrease) in cash and cash equivalents     |   |                      | (4,773,071 | ) |   |   | 5,779,086 |   |
|                                                     |   |                      |       |   |   |   |   |   |
| Cash and cash equivalents–beginning                |   |                      | 6,221,273  |   |   |   | 2,969,699 |   |
|                                                     |   |                      |       |   |   |   |   |   |
| Cash and cash equivalents–ending                   |   | $                         | 1,448,202  |   |   | $ | 8,748,785 |   |
|                                                     |   |                      |       |   |   |   |   |   |
| Supplemental schedule of non cash activities             |   |                      |       |   |   |   |   |   |
| Deferred loss—sale leaseback                       |   | $                         | 217,740    |   |   | $ | - |   |

----

----

|                          |   | March 31, 2011 |      |   | June 30,2010 |   |
|-------------------------------|--------|----------------|-----------|--------|--------------|--------|
|                          |   |           |      |   |         |   |
| Raw materials                 |   | $              | 6,507,928 |   |         | $      | 6,595,076 |   |
| Work in process               |   |           | 423,914   |   |         |   | 314,794 |   |
| Finished goods                |   |           | 1,679,222 |   |         |   | 1,237,290 |   |
| Parts and supplies            |   |           | 308,793   |   |         |   | 151,017 |   |
|                          |   |           |      |   |         |   |   |   |
|     Total |   | $              | 8,919,857 |   |         | $      | 8,298,177 |   |

----

|                           |   | March 31, 2011 |      |   | June 30,2010 |   |
|--------------------------------|--------|----------------|-----------|--------|--------------|--------|
|                           |   |           |      |   |         |   |
| Advance payments for inventory |   | $              | 522,340   |   |         | $      | 1,287,924 |   |
| Advance payments for equipment |   |           | 1,673,408 |   |         |   | 2,382,545 |   |
|     Total  |   | $              | 2,195,748 |   |         | $      | 3,670,469 |   |

|                             |   |           |       |   |          |   |
|----------------------------------|--------|----------------|------------|--------|---------------|--------|
|                             |   | March 31, 2011 |       |   | June 30, 2010 |   |
|                             |   |           |       |   |          |   |
| Buildings                        |   | $              | 4,864,901  |   |          | $      | 4,673,651 |   |
| Machinery and equipment          |   |           | 15,512,571 |   |          |   | 12,007,708 |   |
| Machinery—capital lease    |   |           | 2,076,720  |   |          |   | 1,414,080 |   |
|     Subtotal |   |           | 22,454,192 |   |          |   | 18,095,439 |   |
| Less: Accumulated depreciation   |   |           | 10,639,547 |   |          |   | 9,425,588 |   |
|                             |   |           | 11,814,645 |   |          |   | 8,669,851 |   |
| Add: Construction in progress    |   |           | 2,537,784  |   |          |   | 2,531,390 |   |
|                             |   |           |       |   |          |   |   |   |
|     Total    |   | $              | 14,352,429 |   |          | $      | 11,201,241 |   |

|                           |   |           |      |   |          |   |
|--------------------------------|--------|----------------|-----------|--------|---------------|--------|
|                           |   | March 31, 2011 |      |   | June 30, 2010 |   |
|                           |   |           |      |   |          |   |
| Land use rights                |   | $              | 3,146,596 |   |          | $      | - |   |
| Less: accumulated amortization |   |           | 36,710    |   |          |   | - |   |
|                           |   |           |      |   |          |   |   |   |
|     Total  |   | $              | 3,109,886 |   |          | $      | - |   |

|                          |   | March 31, 2011 |      |   | June 30, 2010 |   |
|-------------------------------|--------|----------------|-----------|--------|---------------|--------|
|                          |   |           |      |   |          |   |
| Accounts payable              |   | $              | 3,708,387 |   |          | $      | 2,105,829 |   |
| Accrued expenses              |   |           | 657,563   |   |          |   | 295,731 |   |
|     Total |   | $              | 4,365,950 |   |          | $      | 2,401,560 |   |

----

|                                                                                                                                                                                                    |   | March 31, |      |   | June 30, |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------|-----------|--------|----------|--------|
|                                                                                                                                                                                                    |   | 2011      |      |   | 2010     |   |
|                                                                                                                                                                                                    |   |      |      |   |     |   |
| On January 18, 2010, the Company obtained a loan from QingdaoCity                                                                                                                                       |   |      |      |   |     |   |
| Commercial Bank. The principal was paid in full on January18, 2011.                                                                                                                                     |   |      |      |   |     |   |
| Interest was calculated using an annual fixed rate of 5.31%                                                                                                                                             |   |      |      |   |     |   |
| and paid monthly. The loan is secured by the company's property.                                                                                                                                        |   | $         | -         |   |     | $      | 589,200 |   |
|                                                                                                                                                                                                    |   |      |      |   |     |   |   |   |
| On February 11, 2010, the Company obtained a loan from QingdaoCity                                                                                                                                      |   |      |      |   |     |   |   |   |
| Commercial Bank. The principal was paid in full on February11, 2011.                                                                                                                                    |   |      |      |   |     |   |   |   |
| Interest was calculated using an annual fixed rate of 5.31%                                                                                                                                             |   |      |      |   |     |   |   |   |
| and paid monthly. The loan is secured by the company's property.                                                                                                                                        |   | $         | -         |   |     | $      | 2,356,800 |   |
|                                                                                                                                                                                                    |   |      |      |   |     |   |   |   |
| On January 14, 2011, the Company obtained a loan from Qingdao City                                                                                                                                      |   |      |      |   |     |   |   |   |
| Commercial Bank. The principal is to be paid in full by January                                                                                                                                         |   |      |      |   |     |   |   |   |
| 14, 2012. Interest is calculated using an annual fixed rate of 5.08375%                                                                                                                                 |   |      |      |   |     |   |   |   |
| andpaid monthly. The loan is secured by the company's property.                                                                                                                                         |   | $         | 610,800   |   |     | $      | - |   |
|                                                                                                                                                                                                    |   |      |      |   |     |   |   |   |
| On January 18, 2011, the Company obtained a loan from QingdaoCity                                                                                                                                       |   |      |      |   |     |   |   |   |
| Commercial Bank. The principal is to be paid in full by January 18, 2012. Interest is calculated using an annual fixed rate of 5.08375%and paid monthly. The loan is secured by the company's property. |   | $         | 1,221,600 |   |     | $      | - |   |
|                                                                                                                                                                                                    |   |      |      |   |     |   |   |   |
| On January26, 2011, the Company obtained a loan from QingdaoCity                                                                                                                                        |   |      |      |   |     |   |   |   |
| Commercial Bank. The principal is to be paid in full by January26, 2012.                                                                                                                                |   |      |      |   |     |   |   |   |
| Interest is calculated using an annual fixed rate of 5.08375%                                                                                                                                           |   |      |      |   |     |   |   |   |
| andpaid monthly. The loan is secured by the company's property.                                                                                                                                         |   | $         | 1,221,600 |   |     | $      | - |   |
|                                                                                                                                                                                                    |   |      |      |   |     |   |   |   |
| Total short-term bank loans                                                                                                                                                                             |   | $         | 3,054,000 |   |     | $      | 2,946,000 |   |

|                                                               |   | March 31, |      |   | June 30, |   |
|--------------------------------------------------------------------|--------|-----------|-----------|--------|----------|--------|
|                                                               |   | 2011      |      |   | 2010     |   |
| The Company obtained loans from employees, upon whichinterest is   |   |      |      |   |     |   |
| payable at an annual fixed rate of 10%. Interest payments are made |   |      |      |   |     |   |
| semi-annually with no principal payments due until May 31, 2010,   |   |      |      |   |     |   |
| as per the terms of the loan agreement.                            |   | $         | 5,437,647 |   |     | $      | 4,439,622 |   |
|                                                               |   |      |      |   |     |   |   |   |

----

|                                                                                                                                                                                             |   | March 31, |      |   | June 30, |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------|-----------|--------|----------|--------|
|                                                                                                                                                                                             |   | 2011      |      |   | 2010     |   |
| On November 27, 2009, the Company entered into a sale-leaseback                                                                                                                                  |   |      |      |   |     |   |
| transaction with International Fareastern Leasing Co., Ltd., which was                                                                                                                           |   |      |      |   |     |   |
| accounted for as a financing arrangement in the amount of approximately                                                                                                                          |   |      |      |   |     |   |
| $2.08 million. The annual principal and interest payment is $597,487                                                                                                                             |   |      |      |   |     |   |
| and the term of the arrangement is four years. Refer to Note 18.                                                                                                                                 |   | $         | 1,540,932 |   |     | $      | 1,198,902 |   |
|                                                                                                                                                                                             |   |      |      |   |     |   |   |   |
| In December 2010, two other sale-leaseback agreements established on                                                                                                                             |   |      |      |   |     |   |   |   |
| November 27, 2009 went into effect, which represents financing                                                                                                                                   |   |      |      |   |     |   |   |   |
| arrangement in the total amount of approximately $1.05 million, received in two allotments. The annual principal and interest payment is $298,063 and the term of the arrangement is four years. |   | $         | 803,745   |   |     | $      | - |   |
|                                                                                                                                                                                             |   |      |      |   |     |   |   |   |
| Total                                                                                                                                                                                            |   | $         | 7,782,324 |   |     | $      | 5,638,524 |   |
|                                                                                                                                                                                             |   |      |      |   |     |   |   |   |
| Less:Current portion of loans                                                                                                                                                                    |   |      | 3,661,746 |   |     |   | 2,184,459 |   |
| Current portion of obligation under capital lease                                                                                                                                                |   |      | 885,550   |   |     |   | 404,950 |   |
|                                                                                                                                                                                             |   |      |      |   |     |   |   |   |
|                Total Current portion                                                                                  |   |      | 4,547,296 |   |     |   | 2,589,409 |   |
|                                                                                                                                                                                             |   |      |      |   |     |   |   |   |
| Total long-term portion                                                                                                                                                                          |   | $         | 3,235,028 |   |     | $      | 3,049,115 |   |

----

----

----

| Year Ending June 30 |   |           Amount |      |   |
|---------------------|--------|--------------------------------------------------------------------|-----------|--------|
| 2011                |   | $                                                                  | 146,872   |   |   |
| 2012                |   |                                                               | 885,550   |   |   |
| 2013                |   |                                                               | 885,550   |   |   |
| 2014                |   |                                                               | 609,086   |   |   |
| Total               |   | $                                                                  | 2,527,057 |   |   |

----

| Net income attributable to Jpak Group, Inc.             |   | $      | 585,275 |   |
|---------------------------------------------------------|--------|--------|---------|--------|
| Less dividends paid to:                                 |   |   |    |   |
|   Common shareholders                         |   |   | -       |   |
|   Series A convertible preferred shareholders |   |   | -       |   |
|   Series B convertible preferred shareholders |   |   | -       |   |
|   Series C convertible preferred shareholders |   |   | -       |   |
| Undistributed income                                    |   | $      | 585,275 |   |

|  Basic earnings per share amounts: |   |   |   |   |            |   |   |            |   |   |            |   |
|-----------------------------------------|--------|--------|--------|--------|-----------------|--------|--------|-----------------|--------|--------|-----------------|--------|
|                                    |   |   |   |   | Series A        |   |   | Series B        |   |   | Series C        |   |
|                                    |   | Common |   |   | convertible     |   |   | convertible     |   |   | convertible     |   |
|                                    |   | Stock  |   |   | preferred stock |   |   | preferred stock |   |   | preferred stock |   |
|                                    |   |   |   |   |            |   |   |            |   |   |            |   |
| Distributed earnings                    |   | $      | 0.00   |   |            | $      | 0.00   |            |   | $      | 0.00            |   |   | $ | 0.00 |   |
| Undistributed earnings                  |   |   | 0.01   |   |            |   | 0.02   |            |   |   | 0.01            |   |   |   | 0.01 |   |
|   Totals                      |   | $      | 0.01   |   |            | $      | 0.02   |            |   | $      | 0.01            |   |   | $ | 0.01 |   |

|                                |   | Distributed & |    |   |   |   |       |      |   |
|-------------------------------------|--------|-------------------|---------|--------|--------|--------|------------|-----------|--------|
|                                |   | Undistributed     |    |   |   |   |       |      |   |
|                                |   | earnings to       |    |   |   |   |       |      |   |
|                                |   | Common            |    |   | Common |   |       | Earnings  |   |
|                                |   | Stock             |    |   | Shares |   |       | Per Share |   |
|                                |   |              |    |   |   |   |       |      |   |
| As reported - Basic                 |   | $                 | 313,396 |   |   | $      | 36,368,334 |      |   | $ | 0.01 |   |
| Warrants                            |   |              | -       |   |   |   | -          |      |   |   | - |   |
|                                |   |              | 313,396 |   |   |   | 36,368,334 |      |   | $ | 0.01 |   |
| Series A preferred stock conversion |   |              | 96,661  |   |   |   | 11,217,128 |      |   |   | - |   |
| Series B preferred stock conversion |   |              | 71,811  |   |   |   | 8,333,333  |      |   |   | - |   |
| Series C preferred stock conversion |   |              | 103,407 |   |   |   | 12,000,000 |      |   |   | - |   |
| Diluted earnings for common stock   |   | $                 | 585,275 |   |   | $      | 67,918,795 |      |   | $ | 0.01 |   |

| Net income attributable to Jpak Group, Inc.             |   | $      | 554,690 |   |
|---------------------------------------------------------|--------|--------|---------|--------|
| Less dividends paid to:                                 |   |   |    |   |
|   Common shareholders                         |   |   | -       |   |
|   Series A convertible preferred shareholders |   |   | -       |   |
|   Series B convertible preferred shareholders |   |   | -       |   |
|   Series C convertible preferred shareholders |   |   | -       |   |
| Undistributed 2009 earnings                             |   | $      | 554,690 |   |

| Basic earnings per share amounts: |   |   |   |   |            |   |   |            |   |   |            |   |
|-----------------------------------|--------|--------|--------|--------|-----------------|--------|--------|-----------------|--------|--------|-----------------|--------|
|                              |   |   |   |   | Series A        |   |   | Series B        |   |   | Series C        |   |
|                              |   | Common |   |   | convertible     |   |   | convertible     |   |   | convertible     |   |
|                              |   | Stock  |   |   | preferred stock |   |   | preferred stock |   |   | preferred stock |   |
|                              |   |   |   |   |            |   |   |            |   |   |            |   |
| Distributed earnings              |   | $      | 0.00   |   |            | $      | 0.00   |            |   | $      | 0.00            |   |   | $ | 0.00 |   |
| Undistributed earnings            |   |   | 0.01   |   |            |   | 0.02   |            |   |   | 0.01            |   |   |   | 0.01 |   |
|   Totals                |   | $      | 0.01   |   |            | $      | 0.02   |            |   | $      | 0.01            |   |   | $ | 0.01 |   |

----

|                                |   | Distributed & |    |   |   |   |       |      |   |
|-------------------------------------|--------|-------------------|---------|--------|--------|--------|------------|-----------|--------|
|                                |   | Undistributed     |    |   |   |   |       |      |   |
|                                |   | earnings to       |    |   |   |   |       |      |   |
|                                |   | Common            |    |   | Common |   |       | Earnings  |   |
|                                |   | Stock             |    |   | Shares |   |       | Per Share |   |
|                                |   |              |    |   |   |   |       |      |   |
| As reported - Basic                 |   | $                 | 297,018 |   |   |   | 36,368,334 |      |   | $ | 0.01 |   |
| Warrants                            |   |              | -       |   |   |   | 523,861    |      |   |   | - |   |
|                                |   |              | 297,018 |   |   |   | 36,892,195 |      |   | $ | 0.01 |   |
| Series A preferred stock conversion |   |              | 91,610  |   |   |   | 11,217,128 |      |   |   | - |   |
| Series B preferred stock conversion |   |              | 68,058  |   |   |   | 8,333,333  |      |   |   | - |   |
| Series C preferred stock conversion |   |              | 98,004  |   |   |   | 12,000,000 |      |   |   | - |   |
| Diluted earnings for common stock   |   | $                 | 554,690 |   |   |   | 68,442,656 |      |   | $ | 0.01 |   |

| Net income attributable to Jpak Group, Inc.             |   | $      | 882,345 |   |
|---------------------------------------------------------|--------|--------|---------|--------|
| Less dividends paid to:                                 |   |   |    |   |
|   Common shareholders                         |   |   | -       |   |
|   Series A convertible preferred shareholders |   |   | -       |   |
|   Series B convertible preferred shareholders |   |   | -       |   |
| Undistributed earnings                                  |   | $      | 882,345 |   |
|                                                    |   |   |    |   |

|  Basic earnings per share amounts |   |   |   |   |            |   |   |            |   |   |            |   |
|----------------------------------------|--------|--------|--------|--------|-----------------|--------|--------|-----------------|--------|--------|-----------------|--------|
|                                   |   |   |   |   | Series A        |   |   | Series B        |   |   | Series C        |   |
|                                   |   | Common |   |   | convertible     |   |   | convertible     |   |   | convertible     |   |
|                                   |   | Stock  |   |   | preferred stock |   |   | preferred stock |   |   | preferred stock |   |
|                                   |   |   |   |   |            |   |   |            |   |   |            |   |
| Distributed earnings                   |   | $      | 0.00   |   |            | $      | 0.00   |            |   | $      | 0.00            |   |   | $ | 0.00 |   |
| Undistributed earnings                 |   |   | 0.01   |   |            |   | 0.03   |            |   |   | 0.02            |   |   |   | 0.01 |   |
|   Totals                     |   | $      | 0.01   |   |            | $      | 0.03   |            |   | $      | 0.02            |   |   | $ | 0.01 |   |

|                                |   | Distributed & |    |   |   |   |       |      |   |
|-------------------------------------|--------|-------------------|---------|--------|--------|--------|------------|-----------|--------|
|                                |   | Undistributed     |    |   |   |   |       |      |   |
|                                |   | earnings to       |    |   |   |   |       |      |   |
|                                |   | Common            |    |   | Common |   |       | Earnings  |   |
|                                |   | Stock             |    |   | Shares |   |       | Per Share |   |
|                                |   |              |    |   |   |   |       |      |   |
| As reported - Basic                 |   | $                 | 472,467 |   |   | $      | 36,368,334 |      |   | $ | 0.01 |   |
| Options                             |   |              | -       |   |   |   | 368,656    |      |   |   | - |   |
|                                |   |              | 472,467 |   |   |   | 36,736,990 |      |   | $ | 0.01 |   |
| Series A preferred stock conversion |   |              | 145,724 |   |   |   | 11,217,128 |      |   |   | - |   |
| Series B preferred stock conversion |   |              | 108,260 |   |   |   | 8,333,333  |      |   |   | - |   |
| Series C preferred stock conversion |   |              | 155,894 |   |   |   | 12,000,000 |      |   |   | - |   |
| Diluted earnings for common stock   |   | $                 | 882,345 |   |   |   | 68,287,451 |      |   | $ | 0.01 |   |

----

| Net income attributable to Jpak Group, Inc.             |   | $      | 3,047,332 |   |
|---------------------------------------------------------|--------|--------|-----------|--------|
| Less dividends paid to:                                 |   |   |      |   |
|   Common shareholders                         |   |   | -         |   |
|   Series A convertible preferred shareholders |   |   | -         |   |
|   Series B convertible preferred shareholders |   |   | -         |   |
|   Series C convertible preferred shareholders |   |   | -         |   |
| Undistributed 2009 earnings                             |   | $      | 3,047,332 |   |
|                                                    |   |   |      |   |

|  Basic earnings per share amounts: |   |   |   |   |            |   |   |            |   |   |            |   |
|-----------------------------------------|--------|--------|--------|--------|-----------------|--------|--------|-----------------|--------|--------|-----------------|--------|
|                                    |   |   |   |   | Series A        |   |   | Series B        |   |   | Series C        |   |
|                                    |   | Common |   |   | convertible     |   |   | convertible     |   |   | convertible     |   |
|                                    |   | Stock  |   |   | preferred stock |   |   | preferred stock |   |   | preferred stock |   |
|                                    |   |   |   |   |            |   |   |            |   |   |            |   |
| Distributed earnings                    |   | $      | 0.00   |   |            | $      | 0.00   |            |   | $      | 0.00            |   |   | $ | 0.00 |   |
| Undistributed earnings                  |   |   | 0.05   |   |            |   | 0.11   |            |   |   | 0.09            |   |   |   | 0.03 |   |
|   Totals                      |   | $      | 0.05   |   |            | $      | 0.11   |            |   | $      | 0.09            |   |   | $ | 0.03 |   |

|                                |   | Distributed & |      |   |   |   |       |      |   |
|-------------------------------------|--------|-------------------|-----------|--------|--------|--------|------------|-----------|--------|
|                                |   | Undistributed     |      |   |   |   |       |      |   |
|                                |   | earnings to       |      |   |   |   |       |      |   |
|                                |   | Common            |      |   | Common |   |       | Earnings  |   |
|                                |   | Stock             |      |   | Shares |   |       | Per Share |   |
|                                |   |              |      |   |   |   |       |      |   |
| As reported - Basic                 |   | $                 | 1,668,222 |   |   |   | 31,489,511 |      |   | $ | 0.05 |   |
| Warrants                            |   |              | -         |   |   |   | 129,882    |      |   |   | - |   |
|                                |   |              | 1,668,222 |   |   |   | 31,619,393 |      |   | $ | 0.05 |   |
| Series A preferred stock conversion |   |              | 594,250   |   |   |   | 11,217,128 |      |   |   | -- |   |
| Series B preferred stock conversion |   |              | 441,476   |   |   |   | 8,333,333  |      |   |   | -- |   |
| Series C preferred stock conversion |   |              | 343,384   |   |   |   | 6,481,751  |      |   |   | - |   |
| Diluted earnings for common stock   |   | $                 | 3,047,332 |   |   |   | 57,651,605 |      |   | $ | 0.05 |   |

|                       |   | Nine Months Ended March 31, |    |
|----------------------------|--------|-----------------------------|---------|
|                       |   | 2011                        |    |   | 2010 |   |
|                       |   |                        |    |   |   |   |
| Cash paid for interest     |   | $                           | 413,035 |   |   | $ | 446,551 |   |
| Cash paid for income taxes |   | $                           | 387,019 |   |   | $ | 547,609 |   |

----

----

----

| ·   | Increasing output to further penetrate the China market;              |
|--------------------|----------------------------------------------------------------------------|
| ·   | Developing bundled packaging materials and liquid filling machines;   |
| ·   | Increasing sales to selective Asian and other markets;                     |
| ·   | Partnering with top milk producers;                                        |
| ·   | Establishing brand names and brand awareness; and                          |
| ·   | Enhancing the Company’s competitive advantages through R&D.      |

----

| Three Months Ended March 31                  |   | 2011 |       |   | 2010   |   |
|----------------------------------------------|--------|------|------------|--------|--------|--------|
| Sales                                        |   | $    | 19,705,508 |   |   | $      | 12,876,271 |   |
| Cost of sales                                |   | $    | 16,694,942 |   |   | $      | 10,125,261 |   |
| Gross profit                                 |   | $    | 3,010,566  |   |   | $      | 2,751,010 |   |
| Selling, general and administrative expenses |   | $    | 2,052,282  |   |   | $      | 1,948,808 |   |
| Other income (expense)                       |   | $    | (207,982   | )      |   | $      | (104,513 | ) |
| Income taxes                                 |   | $    | 165,027    |   |   | $      | 143,148 |   |
| Non-controlling interest                     |   | $    | -          |   |   | $      | (149 | ) |
| Net income                                   |   | $    | 585,275    |   |   | $      | 554,690 |   |
| Foreign currency translation adjustment      |   | $    | 227,819    |   |   | $      | 8,011 |   |
| Comprehensive income                         |   | $    | 813,094    |   |   | $      | 562,701 |   |

----

| Nine Months Ended March 31                   |   | 2011 |       |   | 2010   |   |
|----------------------------------------------|--------|------|------------|--------|--------|--------|
| Sales                                        |   | $    | 52,549,376 |   |   | $      | 42,604,455 |   |
| Cost of sales                                |   | $    | 43,094,737 |   |   | $      | 31,994,077 |   |
| Gross profit                                 |   | $    | 9,454,639  |   |   | $      | 10,610,378 |   |
| Selling, general and administrative expenses |   | $    | 7,592,038  |   |   | $      | 6,642,627 |   |
| Other income (expense)                       |   | $    | (501,968   | )      |   | $      | (210,203 | ) |
| Income taxes                                 |   | $    | 478,369    |   |   | $      | 710,510 |   |
| Non-controlling interest                     |   | $    | (81        | )      |   | $      | (294 | ) |
| Net income (loss)                            |   | $    | 882,345    |   |   | $      | 3,047,332 |   |
| Foreign currency translation adjustment      |   | $    | 1,204,045  |   |   | $      | 32,905 |   |
| Comprehensive income (loss)                  |   | $    | 2,086,309  |   |   | $      | 3,080,237 |   |

----

|                                |   | For the nine months ended March 31, |       |
|-------------------------------------|--------|-------------------------------------|------------|
|                                |   | 2011                                |       |   | 2010 |   |
| Cash flow from operating activities |   | $                                   | 374,943    |   |   | $ | (1,957,234 | ) |
| Cash flow from investing activities |   |                                | (6,845,114 | ) |   |   | (2,440,829 | ) |
| Cash flow from financing activities |   |                                | 1,597,223  |   |   |   | 10,169,259 |   |

----

----

| (a) | Evaluation of disclosure controls and procedures |
|-----|--------------------------------------------------|

| (b) | Changes in internal control over financial reporting |
|-----|------------------------------------------------------|

----

| 1. | Currently the Company’s Acting Chief Financial Officer and his assistant, who are experienced with US GAAP reporting, are assisting in the preparation of financial statements in conformity with US GAAP and the SEC reporting requirements. Additionally, the Company has made efforts to enhance the knowledge of US GAAP reporting of its financial staff as part of its Sarbanes-Oxley Act Section 404 compliance project (“SOX project”) and other on the job training in applying US GAAP in addition to the SOX project. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | Although the Company does not have a Board with a majority of independent members and does not have an audit committee, it hired Mr. Wenjie Li as its independent director in July 2010.  The Company is also seeking additional independent members, including a qualified financial expert to fulfill the role of audit committee chairman.  Nevertheless, the Company cannot assure you of when it will identify a qualified candidate or when it will be able to form an independent audit committee.  |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Exhibit No |   | Description                                                                                                                                                   |
|-----------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1             |   | Articles of Incorporation, as amended (Incorporated by reference to Exhibit 3.1 to our Annual Report on Form 10-K filed on September 29, 2008)                |
|            |   |                                                                                                                                                          |
| 3.2             |   | Bylaws (Incorporated by reference to Exhibit 3.2 to our Annual Report on Form 10-K filed on September 29, 2008)                                               |
|            |   |                                                                                                                                                          |
| 31.1            |   | Certification of the Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                       |
|            |   |                                                                                                                                                          |
| 31.2            |   | Certification of the Acting Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                |
|            |   |                                                                                                                                                          |
| 32.1            |   | Certification of the Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.        |
|            |   |                                                                                                                                                          |
| 32.2            |   | Certification of the Acting Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |

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|   |   | JPAK GROUP, INC.  |                                        |
|--------|--------|------------------------|---------------------------------------------|
|   |   |                   |                                        |   |
|   |   | By:                    | /s/ Yijun Wang                              |   |
|   |   |                   | Yijun WangChief Executive Officer,          |   |
|   |   |                   | President & Director               |   |
|   |   |                   |                                        |   |
|   |   | By:                    | /s/ Yongbo Wang                             |   |
|   |   |                   | Yongbo (Esther) WangChief Financial Officer |   |

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