**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**FORM      10-QSB**
**/A**

**(Amendment      No. 1)**

| x | Quarterly                Report pursuant to Section 13 or 15(d) of the Securities Exchange                Act of                1934  **For the quarterly period                ended                September 30, 2005** |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  ̈ | Transition                Report pursuant to 13 or 15(d) of the Securities Exchange Act of                1934                 **For the transition period                _________                to _________** |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Commission      File Number**
**:      000-50550 **

**GREAT      WALL ACQUISITION CORPORATION**

| **Delaware**                                                                                | **20-0178991**                                                       |
|---------------------------------------------------------------------------------------------|----------------------------------------------------------------------|
| (State                or Other Jurisdiction ofIncorporation                or Organization) | (I.R.S.                EmployerIdentification                Number) |

**660      Madison Avenue**

**15**
**th**

**      Floor**

**New      York, New York 10021**

**(212)      753-0804**

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**EXPLANATORY      NOTE**

**PART      II - **
**OTHER      INFORMATION**
** **

**Item      6. **
**Exhibits.**

|   | 10.12 | Form                of Letter of Undertaking (incorporated herein by reference to Exhibit                10.12 to Great Wall Acquisition Corporation’s Current Report on Form 8-K,                filed with the SEC on September 14,                2005). |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.13 | Cooperation                Commitment letter from Chinacast Communication Holdings Limited. |
|--------|-------|---------------------------------------------------------------------------------------------|

|   | 31.1 | Certification                of the Principal Executive Officer pursuant to Section 302 of the                Sarbanes-Oxley Act of 2002. |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.1 | Certification                of the Principal Executive Officer and Principal Financial and Accounting                Officer pursuant to Section 906 of the Sarbanes-Oxley Act of                2002. |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**SIGNATURES**

|                                      |                                                                                                                                                                                          |                                                  |
|-------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------|
|                                      | GREAT                WALL ACQUISITION CORPORATION(Registrant)                                                                                                                                 |
|                                 |                                                                                                                                                                                     |                                             |
| Date: February              28, 2006 | By:                                                                                                                                                                                 | /s/ Kin              Shing              Li  |
|                                      | Name:              Kin Shing Li                                                                                                                                                               |
|                                      | Title:                Chairman of the Board, Chief Executive Officer and Secretary (Principal                Executive Officer and Principal Financial and Accounting                Officer) |

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