----

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| Nevada                                                         |   | 80-0638212                           |
|----------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |

| Large accelerated filer |  ̈ | Accelerated filer         |  ̈ |
|-------------------------|--------|---------------------------|--------|
| Non-accelerated filer   |  ̈ | Smaller reporting company | x      |

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TABLE OF CONTENTS

| PART I                      |                                                                                             | Page   |   |
|-----------------------------|--------------------------------------------------------------------------------------------------|--------|--------|
|                        |                                                                                             |   |   |   |
| Item 1.                     | Business.                                                                                        |   |   | 3 |   |
| Item 1A.                    | Risk Factors.                                                                                    |   |   | 7 |   |
| Item 1B.                    | Unresolved Staff Comments.                                                                       |   |   | 7 |   |
| Item 2.                     | Properties.                                                                                      |   |   | 7 |   |
| Item 3.                     | Legal Proceedings.                                                                               |   |   | 7 |   |
| Item 4.                     | Mine Safety Disclosures.                                                                         |   |   | 7 |   |
|                        |                                                                                             |   |   |   |   |
| PART II                     |                                                                                             |   |   |   |
|                        |                                                                                             |   |   |   |   |
| Item 5.                     | Market for Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. |   |   | 8 |   |
| Item 6.                     | Selected Financial Data.                                                                         |   |   | 8 |   |
| Item 7.                     | Management’s Discussion and Analysis of Financial Condition and Results of Operations.     |   |   | 9 |   |
| Item 7A.                    | Quantitative and Qualitative Disclosures About Market Risk.                                      |   |   | 20 |   |
| Item 8.                | Financial Statements and Supplementary Data.                                                     |   |   | 20 |   |
| Item 9.                     | Changes In and Disagreements With Accountants on Accounting and Financial Disclosure.            |   |   | 20 |   |
| Item 9A.                    | Controls and Procedures.                                                                         |   |   | 21 |   |
| Item 9B.               | Other Information.                                                                               |   |   | 22 |   |
|                        |                                                                                             |   |   |   |   |
| PART III                    |                                                                                             |   |   |   |
|                        |                                                                                             |   |   |   |   |
| Item 10.                    | Directors, Executive Officers and Corporate Governance.                                          |   |   | 23 |   |
| Item 11.                    | Executive Compensation.                                                                          |   |   | 24 |   |
| Item 12.               | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.  |   |   | 24 |   |
| Item 13.               | Certain Relationships and Related Transactions and Director Independence.                        |   |   | 25 |   |
| Item 14.               | Principal Accountant Fees and Services.                                                          |   |   | 25 |   |
| Item 15.                    | Exhibits, Financial Statement Schedules.                                                         |   |   | 26 |   |
| Signature                   |                                                                                             |   | 27     |   |
| Annex: Financial Statements |                                                                                             |   | F-1    |   |

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ITEM 1.       BUSINESS

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Table of Contents

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Table of Contents

| (1) | Fresh mushrooms. We grow fresh mushrooms in our farms and sell them to markets. Our fresh mushrooms include oyster mushrooms, king oyster mushrooms, king trumpet mushrooms, and button mushrooms. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Mushroom growing products including mushroom spawns and mushroom sticks. Mushroom sticks are the stick shaped containers filled with fertilizers and the mushrooms grow on them. They are the growing bases for mushrooms. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Table of Contents

| (1)   | Expand our farms. We plan to obtain land use rights to more farmland to expand our mushroom farms and increase the production of our fresh mushrooms. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Start the deep-processing production of our mushrooms and sell deep-processed products. We plan to purchase equipment and construct processing facilities to launch the production of deep-processed mushroom products, such as canned mushrooms and mushroom drinks. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ● | The PRC Product Quality Law |
|---------|-----------------------------|

| ● | The PRC Food Safety Law |
|---------|-------------------------|

| ● | The PRC Food Hygiene Law |
|---------|--------------------------|

| ● | The Implementation Rules on the Administration and Supervision of Quality and Safety in Food Producing and Processing Enterprises |
|---------|-----------------------------------------------------------------------------------------------------------------------------------|

| ● | The Standardization Law |
|---------|-------------------------|

| ● | The Special Rules on Strengthening Safety and Supervision of Food and other Products |
|---------|--------------------------------------------------------------------------------------|

| ● | The Regulation on Hygiene Administration of Food Additive |
|---------|-----------------------------------------------------------|

| ● | The Environmental Protection Law of the PRC |
|---------|---------------------------------------------|

| ● | The Law of PRC on the Prevention and Control of Water Pollution |
|---------|-----------------------------------------------------------------|

| ● | Implementation Rules of the Law of PRC on the Prevention and Control of Water Pollution |
|---------|-----------------------------------------------------------------------------------------|

| ● | The Law of PRC on the Prevention and Control of Air Pollution |
|---------|---------------------------------------------------------------|

| ● | Implementation Rules of the Law of PRC on the Prevention and Control of Air Pollution |
|---------|---------------------------------------------------------------------------------------|

| ● | The Law of PRC on the Prevention and Control of Solid Waste Pollution |
|---------|-----------------------------------------------------------------------|

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Table of Contents

ITEM 1A.     RISK FACTORS

ITEM 1B.     UNRESOLVED STAFF COMMENTS

ITEM 2.        PROPERTIES

ITEM 3.        LEGAL PROCEEDINGS

ITEM 4.        MINE SAFETY DISCLOSURES.

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Table of Contents

PART II

ITEM 5.        MARKET FOR COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

|   |           |   | High   |   |   | Low    |   |
|--------|----------------|--------|--------|--------|--------|--------|--------|
| 2012   | First Quarter  |   | $      | 0.31   |   |   | $      | 0.15 |   |
|   | Second Quarter |   | $      | 0.79   |   |   | $      | 0.07 |   |
|   | Third Quarter  |   | $      | 0.07   |   |   | $      | 0.061 |   |
|   | Fourth Quarter |   | $      | 0.061  |   |   | $      | 0.035 |   |
|   |           |   |   |   |   |   |   |   |   |
| 2011   | First Quarter  |   | $      | N/A    |   |   | $      | N/A |   |
|   | Second Quarter |   | $      | N/A    |   |   | $      | N/A |   |
|   | Third Quarter  |   | $      | N/A    |   |   | $      | N/A |   |
|   | Fourth Quarter |   | $      | N/A    |   |   | $      | 1.04 |   |

ITEM 6.        SELECTED FINANCIAL DATA.

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Table of Contents

ITEM 7.        MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. 

| (1)   | Fresh mushrooms. We grow fresh mushrooms in our greenhouse and sell them to markets. Our fresh mushrooms include oyster mushroom, king oyster mushroom, king trumpet mushroom, and button mushroom. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Mushroom crops and mushroom seeds. The revenues from the sales of mushroom crops and mushroom seeds approximately 28% and 45% of our total revenues in the fiscal year of 2012 and 2011, respectively. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | As the manufacture workshop completed in 2012, the Company have the capacity of the dried mushroom. The revenues from the sales of dried mushroom approximately 10% of our total revenues in the fiscal year of 2012. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Table of Contents

|                                                            |   | December 31, |       |   | December31, |   |       | Increase   |   |
|-----------------------------------------------------------------|--------|--------------|------------|--------|-------------|--------|------------|------------|--------|
|                                                            |   | 2012         |       |   | 2011        |   |       | (decrease) |   |
|                                                            |   |         |       |   |        |   |       |       |   |
| Current assets                                                  |   |         |       |   |        |   |       |       |   |
|                                                            |   |         |       |   |        |   |       |       |   |
| Cash                                                            |   |         | 21,245     |   |        |   | 31,863     |       |   |   | (10,618 | ) |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Other Receivables                                               |   |         | 8,662      |   |        |   | 5,126      |       |   |   | 3,536 |   |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Advance to suppliers                                            |   |         | 148,895    |   |        |   | 668,172    |       |   |   | (519,277 | ) |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Inventory                                                       |   |         | 139,915    |   |        |   | 66,858     |       |   |   | 73, 057 |   |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Other current assets                                            |   |         | 85,914     |   |        |   | -          |       |   |   | 85,914 |   |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Total current assets                                            |   |         | 404,631    |   |        |   | 772,019    |       |   |   | (367,388 | ) |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
|  Non-current assets                                        |   |         |       |   |        |   |       |       |   |   |   |   |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Property, plant and equipment - net of accumulated depreciation |   |         | 11,090,729 |   |        |   | 7,077,202  |       |   |   | 4,013,527 |   |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Construction in progress                                        |   |         | 1,083,604  |   |        |   | 1,025,410  |       |   |   | 58,194 |   |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Land use rights                                                 |   |         | 5,768,262  |   |        |   | 3,225,474  |       |   |   | 2,542,788 |   |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Long term prepaid lease                                         |   |         | 879,470    |   |        |   | 931,448    |       |   |   | (51,978 | ) |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Total non-current assets                                        |   |         | 18,822,065 |   |        |   | 12,259,534 |       |   |   | 6,562,531 |   |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Total assets                                                    |   |         | 19,226,696 |   |        |   | 13,031,553 |       |   |   | 6,195,143 |   |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Current liabilities                                             |   |         |       |   |        |   |       |       |   |   |   |   |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Account payable                                                 |   |         | 3,729      |   |        |   | 5,203      |       |   |   | (1,474 | ) |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Accrued expenses                                                |   |         | 18,519     |   |        |   | 560        |       |   |   | (17,959 | ) |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Other payables                                                  |   |         | 2,879,287  |   |        |   | 1,272,507  |       |   |   | 1,606,780 |   |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Short-term loan                                                 |   |         | -          |   |        |   | 476,122    |       |   |   | (476,122 | ) |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Due to Related Parties                                          |   |         | 5,301,552  |   |        |   | 3,629,452  |       |   |   | 1,672,100 |   |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
|    Total current assets                          |   |         | 8,203,087  |   |        |   | 5,383,844  |       |   |   | 2,819,243 |   |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Long term payable                                               |   |         | 1,548,644  |   |        |   | -          |       |   |   | 1,548,644 |   |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Total liabilities                                               |   |         | 9,751,731  |   |        |   | 5,383,844  |       |   |   | 4,367,887 |   |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Shareholders’ liabilities                                 |   |         |       |   |        |   |       |       |   |   |   |   |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Common stock                                                    |   |         | 66,450     |   |        |   | 66,450     |       |   |   | - |   |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Paid-in capital                                                 |   |         | 8,215,126  |   |        |   | 7,860,373  |       |   |   | 354,753 |   |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Retained earnings                                               |   |         | 806,192    |   |        |   | (603,364   | )          |   |   | 1,409,556 |   |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Accumulated comprehensive income - foreign currency             |   |         | 296,297    |   |        |   | 251,661    |       |   |   | 44,636 |   |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Non-controlling interests                                       |   |         | 90,900     |   |        |   | 72,589     |       |   |   | 18,311 |   |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Total shareholders’ equity of the Company                 |   |         | 9,474,965  |   |        |   | 7,647,709  |       |   |   | 1,827,256 |   |
|                                                            |   |         |       |   |        |   |       |       |   |   |   |   |
| Total liabilities and shareholders’ equity                |   |         | 19,226,696 |   |        |   | 13,031,553 |       |   |   | 6,195,143 |   |

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| Building         | 20   years      |
|------------------|--------------------------------|
|             |                           |
| Plant equipment  | 5-10 years                     |
|             |                           |
| Office equipment | 3-5  years           |
|             |                           |
| Vehicles         | 4    years |

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|                                  |   | December 31,2012 |       |   | December 31,2011(Restated) |   |
|---------------------------------------|--------|------------------|------------|--------|----------------------------|--------|
|                                  |   | USD              |       |   | USD                        |   |
| Building                              |   | a                | 11,134,288 |   |                       |   | 7,104,283 |   |
| Plant equipment                       |   |  b          | 524,805    |   |                       |   | 29,072 |   |
| Vehicles                              |   |  c          | 33,372     |   |                       |   | 33,291 |   |
| Office equipment                      |   |  d          | 73,580     |   |                       |   | 72,298 |   |
| Less: Accumulated depreciation        |   |  e          | 675,316    |   |                       |   | 161,742 |   |
| Property, plant and equipment, net    |   |             | 11,090,729 |   |                       |   | 7,077,202 |   |
| Construction in progress              |   |  f          | 1,083,604  |   |                       |   | 1, 025,410 |   |
| Total property, plant & equipment |   |             | 12,174,333 |   |                       |   | 8,102,612 |   |

|                                     |   | December 31,2012 |      |   | December31,2011 |   |
|------------------------------------------|--------|------------------|-----------|--------|-----------------|--------|
|                                     |   | USD              |      |   | USD             |   |
| Factory workshop                         |   |             | 728,661   |   |            |   | 711,010 |   |
| Greenhouse and Planting structures       |   |             | 354,943   |   |            |   | 314,400 |   |
| Total amount of Construction In Progress |   |             | 1,083,604 |   |            |   | 1,025,410 |   |

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Table of Contents

| Years ending December 31:     |   |   |      |
|-------------------------------|--------|--------|-----------|
| 2019                          |   |   | 16,544    |   |
| 2020                          |   |   | 153,210   |   |
| 2021                          |   |   | 153,210   |   |
| 2022                          |   |   | 153,210   |   |
| 2023                          |   |   | 153,210   |   |
| Remaining payments            |   |   | 919,260   |   |
| Total future minimum payments |   | $      | 1,548,644 |   |

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Table of Contents

|                          |   |   |       |   |   |   |       | Increase   |   |
|-------------------------------|--------|--------|------------|--------|--------|--------|------------|------------|--------|
|                          |   | 2012   |       |   | 2011   |   |       | (decrease) |   |
|                          |   |   |       |   |   |   |       |       |   |
| Total revenue                 |   |   | 8,617,176  |   |   |   | 4,429,847  |       |   |   | 4,187,329 |   |
| Total cost of revenue         |   |   | (5,671,829 | )      |   |   | (3,110,058 | )          |   |   | (2,561,771 | ) |
| Gross profit                  |   |   | 2,945,347  |   |   |   | 1,319,789  |       |   |   | 1,625,558 |   |
| General and administrative    |   |   | (466,801   | )      |   |   | (497,367   | )          |   |   | 30,566 |   |
| Depreciation and amortization |   |   | (561,383   | )      |   |   | (151,619   | )          |   |   | (409,764 | ) |
| Bad debt                      |   |   | (460,530   | )      |   |   | (372,010   | )          |   |   | (88,520 | ) |
| Income from operations        |   |   | 1,456,633  |   |   |   | 298,793    |       |   |   | 1,157,840 |   |
| Other income                  |   |   | 373,843    |   |   |   | -          |       |   |   | 373,843 |   |
| Impairment loss               |   |   | -          |   |   |   | (313,783   | )          |   |   | 313,783 |   |
| Loss on foreign exchange      |   |   | (8,081     | )      |   |   | -          |       |   |   | (8,081 | ) |
| Interest expense              |   |   | (397,466   | )      |   |   | (157,986   | )-         |   |   | (239,480 | ) |
| Income before income taxes    |   |   | 1,424,929  |   |   |   | (172,976   | )          |   |   | 1,597,905 |   |
| Income taxes                  |   |   | -          |   |   |   | -          |       |   |   | - |   |
| Net income                    |   |   | 1,424,929  |   |   |   | (172,976   | )          |   |   | 1,597,905 |   |

|                           |   | 2012   |      |   |   |   |   | 2011 |   |   |      |   |
|--------------------------------|--------|--------|-----------|--------|--------|--------|--------|------|--------|--------|-----------|--------|
|                           |   | USD    |      |   | %      |   |   | USD  |   |   | %         |   |
| Fresh mushrooms sales          |   |   | 5,384,972 |   |   |   | 62.49  | %    |   |   | 2,418,018 |   |   |   | 54.58 | % |
| Mushroom crops and seeds sales |   |   | 2,406,368 |   |   |   | 27.93  | %    |   |   | 2,011,829 |   |   |   | 45.42 | % |
| Dried mushroom                 |   |   | 825,836   |   |   |   | 9.58   | %    |   |   | -         |   |   |   | - |   |
| Total revenue                  |   |   | 8,617,176 |   |   |   | 100    | %    |   |   | 4,429,847 |   |   |   | 100 | % |

| a.   | We started to open and run the business in the second half of 2009. In the years of 2009 and 2010, the company was still under a development stage with relatively low brand name recognition. The company began the mushroom sales in January of 2011, which led to lower amount of sales revenue in the year ended December 31, 2011 compared with 2012. For the year ended December 31, 2012, as the company progressed toward maturity, we strengthened our sales and marketing campaign which helped to enhance our brand name and increase our sales. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b.   | The business model of cooperation with local farmers and farming organizations developed since local government encouraged the farmers to develop the local agriculture. As a result, our mushroom crops and seeds were also supported and welcomed by local farmers and farming organizations, which significantly increased our sales. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| c.   | As part of the greenhouse and planting structures under construction are completed, the categories and total quantities of our products are much higher than we produced in compared the year of 2011. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d.   | As the manufacture workshop completed in 2012, the Company have the capacity of the dried mushroom, which increased the sales for the year of 2012. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

|                                   |   | 2012   |      |   | 2011   |   |
|----------------------------------------|--------|--------|-----------|--------|--------|--------|
|                                   |   | USD    |      |   | USD    |   |
|                                   |   |   |      |   |   |   |
| Cost of fresh mushrooms sales          |   |   | 3,881,909 |   |   |   | 1,837,342 |   |
|                                   |   |   |      |   |   |   |   |   |
| Cost of mushroom crops and seeds sales |   |   | 1,648,334 |   |   |   | 1,272,716 |   |
|                                   |   |   |      |   |   |   |   |   |
| Cost of dried mushrooms sales          |   |   | 141,586   |   |   |   | - |   |
|                                   |   |   |      |   |   |   |   |   |
| Total                                  |   |   | 5,671,829 |   |   |   | 3,110,058 |   |

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|                           |   | 2012   |      |   | 2011   |   |
|--------------------------------|--------|--------|-----------|--------|--------|--------|
|                           |   | Gross  |      |   | Gross  |   |   | Gross |   |   | Gross |   |
| Production Category            |   | Profit |      |   | Margin |   |   | Profit |   |   | Margin |   |
|                           |   | USD    |      |   | %      |   |   | USD |   |   | % |   |
|                           |   |   |      |   |   |   |   |   |   |   |   |   |
| Fresh mushrooms sales          |   |   | 1,503,064 |   |   |   | 27.91 | % |   |   | 580,676 |   |   |   | 24.01% |   |
|                           |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mushroom crops and seeds sales |   |   | 758,033   |   |   |   |   31.50% |   |   |   | 739,113 |   |   |   | 36.74% |   |
|                           |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Dried Mushroom sales           |   |   | 684,250   |   |   |   | 82.85 | % |   |   | 739,113 |   |   |   | 36.74% |   |
|                           |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total gross profit             |   |   | 2,945,347 |   |   |   | 34.18 | % |   |   | 1,319,789 |   |   |   | 29.79% |   |

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Table of Contents

|                                                         |   | 2012   |        |   | 2011   |   |
|--------------------------------------------------------------|--------|--------|-------------|--------|--------|--------|
|                                                         |   |   |        |   |   |   |
| Net cash provided by (used in) operating activities          |   | $      | 2,403,001   |   |   | $      | (1,384,615) |   |
|                                                         |   |   |        |   |   |   |   |   |
| Net cash used in investing activities                        |   |   | (3,654,684) |   |   |   | (9,638,177) |   |
|                                                         |   |   |        |   |   |   |   |   |
| Net cash provided by (used in) financing activities          |   |   | 1,195,978   |   |   |   | 10,805,842 |   |
|                                                         |   |   |        |   |   |   |   |   |
| Effect of exchange rate changes on cash and cash equivalents |   |   | 45,087      |   |   |   | 239,062 |   |
|                                                         |   |   |        |   |   |   |   |   |
| Net increase(decrease) in cash and cash equivalents          |   |   | (10,618)    |   |   |   | 22,112 |   |
|                                                         |   |   |        |   |   |   |   |   |
| Cash and cash equivalents, beginning of period               |   |   | 31,863      |   |   |   | 9,751 |   |
|                                                         |   |   |        |   |   |   |   |   |
| Cash and cash equivalents, end of period                     |   | $      | 21,245      |   |   | $      | 31,863 |   |

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| Building               | 20   years      |
|------------------------|--------------------------------|
|                   |                           |
| Plant equipment        | 5-10 years                     |
|                   |                           |
| Office equipment  | 3-5  years           |
|                   |                           |
| Vehicles               | 4    years |

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ITEM 7A.     QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 8.        FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

ITEM 9.        CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.

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ITEM 9A.     CONTROLS AND PROCEDURES.

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| ●   | The Company does not have an independent board of directors or audit committee or adequate segregation of duties; |
|---------------------|-------------------------------------------------------------------------------------------------------------------|

| ●   | All of our financial reporting is carried out by our financial consultant; and |
|---------------------|--------------------------------------------------------------------------------|

| ●   | We do not have an independent body to oversee our internal controls over financial reporting and lack segregation of duties due to the limited nature and resources of the Company.  |
|---------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

ITEM 9B.     OTHER INFORMATION.

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PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE

| Name           |   | Positions                                    |   | Age |
|----------------|--------|----------------------------------------------|--------|-----|
| Chin Yung Kong |   | President, Secretary, Treasurer and Director |   | 60  |

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Table of Contents

ITEM 11.      EXECUTIVE AND DIRECTOR COMPENSATION

ITEM 12.     SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER

| Name of Beneficial Owner [1]                                                                                           |   | Number of Common Shares |       |   | Percentage of Class [2] |   |
|------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|------------|--------|-------------------------|--------|
|                                                                                                                   |   |                    |       |   |                    |   |   |   |
| Chin Yung KongRoom 2119 Mingyong Building, No. 60 Xian Road.Shahekou District, Dalian, China 116021                    |   |                    | 38,746,600 |   |                    |   | 83.4 | % |
|                                                                                                                   |   |                    |       |   |                    |   |   |   |
| All Officers, Directors and Beneficial Owners as a group (Chin Yung Kong is also the only greater than 5% shareholder) |   |                    | 38,746,600 |   |                    |   | 83.4 | % |

|   | (1)    | Unless otherwise indicated, the Company has been advised that all individuals listed have the sole power to vote and dispose of the number of Shares set forth opposite their names. For purposes of computing the number and percentage of Shares beneficially owned by a stockholder, any shares which such person has the right to acquire within 60 days are deemed to be outstanding, but those shares are not deemed to be outstanding for the purpose of computing the percentage ownership of any other stockholder. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | (2)    | Based on 46,450,000 Shares issued and outstanding as of May 15, 2013.                                                                                                                                                                                                                                                                                                                                                                                                                                                        |

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ITEM 13.     CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

ITEM 14.      PRINCIPAL ACCOUNTANT FEES AND SERVICES

| 2012  | $  | 42,000.00 | M&K CPAS, PLLC |
|------------|---------|-----------|--------------------|
| 2011  | $  | 22,500.00 | Stan J.H. Lee, CPA |

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ITEM 15.     EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

| Exhibit No. |   | Description                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|-------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|        |   |                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 3.1         |   | Articles of Incorporation*                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 3.2         |   | Bylaws*                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.1        |   | Share Exchange Agreement**                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.2        |   | Consulting Service Agreement (Panjin Hengrun and Liaoning Dingxu)**                                                                                                                                                                                                                                                                                                                                                                             |
| 10.3        |   | Operating Agreement (Panjin Hengrun and Liaoning Dingxu)**                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.4        |   | Equity Pledge Agreement (Panjin Hengrun and Liaoning Dingxu)**                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.5        |   | Option Agreement (Panjin Hengrun and Liaoning Dingxu)**                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.6        |   | Proxy Agreement (Panjin Hengrun and Liaoning Dingxu)**                                                                                                                                                                                                                                                                                                                                                                                          |
| 10.7        |   | Share Cancellation Agreement between the Company and Chin Yung Kong dated July 23, 2012. ***                                                                                                                                                                                                                                                                                                                                                    |
| 31.1        |   | Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (6)                                                                                                                                                                                                                                                                                           |
| 31.2        |   | Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (6)                                                                                                                                                                                                                                                                                           |
| 32.1        |   | Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (6)                                                                                                                                                                                                                                                                                           |
| 32.2        |   | Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (6)                                                                                                                                                                                                                                                                                           |
| 101****     |   | The following materials from our Annual Report on Form 10-K for the year ended December 31, 2011, formatted in XBRL (eXtensible Business Reporting Language): (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements of Stockholders' Equity (iv) the Consolidated Statements of Cash Flows, and (v) Notes to Consolidated Financial Statements.  |
|        |   | 101.INS****   XBRL Instance                                                                                                                                                                                                                                                                                                                                                                                                      |
|        |   | 101.SCH***   XBRL Taxonomy Extension Schema                                                                                                                                                                                                                                                                                                                                                                                      |
|        |   | 101.CAL***   XBRL Taxonomy Extension Calculation                                                                                                                                                                                                                                                                                                                                                                                 |
|        |   | 101.DEF***   XBRL Taxonomy Extension Definition                                                                                                                                                                                                                                                                                                                                                                                  |
|        |   | 101.LAB***   XBRL Taxonomy Extension Labels                                                                                                                                                                                                                                                                                                                                                                                      |
|        |   | 101.PRE***   XBRL Taxonomy Extension Presentation                                                                                                                                                                                                                                                                                                                                                                                |

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SIGNATURES

|               | CHINA LIAONING DINGXU ECOLOGICAL AGRICULTURE DEVELOPMENT, INC. |
|--------------------|----------------------------------------------------------------|
|               |                                                           |   |   |
| Date: May 15, 2013 | By:                                                            | /s/ Chin Yung Kong |   |
|               |                                                           | President, Secretary and Treasurer |   |
|               |                                                           | (Principal Executive Officer and Principal Financial Officer) |   |
|               |                                                           |   |   |

|               |   |                                                          |   |
|--------------------|--------|---------------------------------------------------------------|--------|
| Date: May 15, 2013 | By:    | /s/ Chin Yung Kong                                            |   |
|               |   | Director, President, Secretary and Treasurer                  |   |
|               |   | (Principal Executive Officer and Principal Financial Officer) |   |

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ANNEX: FINANCIAL STATEMENTS

| Report of Independent Registered Public Accounting Firm          |   |   | F-2    |   |
|------------------------------------------------------------------|--------|--------|--------|--------|
|                                                             |   |   |   |   |
| Consolidated Balance Sheets                                      |   |   | F-3    |   |
|                                                             |   |   |   |   |
| Consolidated Statements of Operations and Comprehensive Income   |   |   | F-4    |   |
|                                                             |   |   |   |   |
| Consolidated Statements of Changes in Stockholders’ Equity |   |   | F-5    |   |
|                                                             |   |   |   |   |
| Consolidated Statements of Cash Flows                            |   |   | F-6    |   |
|                                                             |   |   |   |   |
| Notes to Consolidated Financial Statements                       |   |   | F-7    |   |

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 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

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| CHINA LIAONING DINGXU ECOLOGICAL AGRICULTURE DEVELOPMENT, INC AND SUBSIDIARIES |
|--------------------------------------------------------------------------------|
|  CONSOLIDATED BALANCE SHEETS                                              |
| (AMOUNTS EXPRESSED IN US DOLLARS)                                              |

|                                                                                                                                                            |   | As of             |       |   | As of             |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|------------|--------|-------------------|--------|
|                                                                                                                                                            |   | December 31, 2012 |       |   | December 31, 2011 |   |
|                                                                                                                                                              |   |            |       |   | (Restated)        |   |
| ASSETS                                                                                                                                                            |
|                                                                                                                                                            |   |            |       |   |              |   |
| Cash and cash equivalents                                                                                                                                         |   |              | 21,245     |   |              |   | 31,863 |   |
| Inventories                                                                                                                                                       |   |              | 139,915    |   |              |   | 66,858 |   |
| Advances to suppliers                                                                                                                                             |   |              | 148,895    |   |              |   | 668,172 |   |
| Other receivables – related parties, net                                                                                                                    |   |              | 8,662      |   |              |   | - |   |
| Other receivables, net                                                                                                                                            |   |              | -          |   |              |   | 5,126 |   |
| Other current assets                                                                                                                                              |   |              | 85,914     |   |              |   | - |   |
| Total Current Assets                                                                                                                                              |   |              | 404,631    |   |              |   | 772,019 |   |
|                                                                                                                                                            |   |            |       |   |            |   |
| Property and equipment, net                                                                                                                                       |   |              | 11,090,729 |   |              |   | 7,077,202 |   |
| Construction in progress                                                                                                                                          |   |              | 1,083,604  |   |              |   | 1,025,410 |   |
| Land use right                                                                                                                                                    |   |              | 5,768,262  |   |              |   | 3,225,474 |   |
| Prepaid lease for land                                                                                                                                            |   |              | 879,470    |   |              |   | 931,448 |   |
| Total Assets                                                                                                                                                      |   | $                 | 19,226,696 |   |              | $      | 13,031,553 |   |
|                                                                                                                                                            |   |            |       |   |            |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                                              |
|                                                                                                                                                            |   |            |       |   |            |   |
| Current Liabilities:                                                                                                                                              |   |            |       |   |            |   |
| Account payable                                                                                                                                                   |   |              | 3,729      |   |              |   | 5,203 |   |
| Accrued expenses                                                                                                                                                  |   |              | 18,519     |   |              |   | 560 |   |
| Other payable                                                                                                                                                     |   |              | 2,879,287  |   |              |   | 1,272,507 |   |
| Short-term loan                                                                                                                                                   |   |              | -          |   |              |   | 476,122 |   |
| Due to related parties                                                                                                                                            |   |              | 5,301,552  |   |              |   | 3,629,452 |   |
| Total Current Liabilities                                                                                                                                         |   |              | 8,203,087  |   |              |   | 5,383,844 |   |
|                                                                                                                                                            |   |            |       |   |            |   |
| Long term payable                                                                                                                                                 |   |              | 1,548,644  |   |              |   | - |   |
|                                                                                                                                                            |   |            |       |   |            |   |
| Total Liabilities                                                                                                                                                 |   |              | 9,751,731  |   |              |   | 5,383,844 |   |
|                                                                                                                                                            |   |            |       |   |            |   |
| Stockholders' Equity:                                                                                                                                             |   |            |       |   |            |   |
|                                                                                                                                                              |   |            |       |   |            |   |
| Common stock ($0.001 par value; 75,000,000 shares authorized; 66,450,000 and 66,450,000 shares issued and outstanding at December 31, 2012 and December 31, 2011) |   |              | 66,450     |   |              |   | 66,450 |   |
| Additional paid-in capital                                                                                                                                        |   |              | 8,215,126  |   |              |   | 7,860,373 |   |
| Retained earnings (deficit)                                                                                                                                       |   |              | 806,192    |   |              |   | (603,364 | ) |
| Accumulated other comprehensive income                                                                                                                            |   |              | 296,297    |   |              |   | 251,661 |   |
| Non-controlling interests                                                                                                                                         |   |              | 90,900     |   |              |   | 72,589 |   |
|                                                                                                                                                              |   |            |       |   |            |   |
| Total Stockholders' Equity                                                                                                                                        |   |              | 9,474,965  |   |              |   | 7,647,709 |   |
|                                                                                                                                                            |   |            |       |   |            |   |
| Total Liabilities and Stockholders' Equity                                                                                                                        |   | $                 | 19,226,696 |   |              | $      | 13,031,553 |   |

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| CHINA LIAONING DINGXU ECOLOGICAL AGRICULTURE DEVELOPMENT, INC AND SUBSIDIARIES |
|--------------------------------------------------------------------------------|
|  CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME           |
| (AMOUNTS EXPRESSED IN US DOLLARS)                                              |

|                                                                     |   | The year ended    |       |   | The year ended    |   |
|----------------------------------------------------------------------------|--------|-------------------|------------|--------|-------------------|--------|
|                                                                     |   | December 31, 2012 |       |   | December 31, 2011 |   |
|                                                                     |   |            |       |   | (Restated)        |   |
|                                                                     |   |            |       |   |              |   |
| NET REVENUES                                                               |   | $                 | 8,617,176  |   |              | $      | 4,429,847 |   |
|                                                                     |   |            |       |   |            |   |
| COST OF REVENUES                                                           |   |              | 5,671,829  |   |              |   | 3,110,058 |   |
|                                                                     |   |            |       |   |            |   |
| GROSS PROFIT                                                               |   |              | 2,945,347  |   |              |   | 1,319,789 |   |
|                                                                     |   |            |       |   |            |   |
| OPERATING EXPENSES:                                                        |   |            |       |   |            |   |
| Depreciation and amortization                                              |   |              | 561,383    |   |              |   | 151,619 |   |
| Bad debt                                                                   |   |              | 460,530    |   |              |   | 372,010 |   |
| General and administrative                                                 |   |              | 466,801    |   |              |   | 497,367 |   |
| Total Operating Expenses                                                   |   |              | 1,488,714  |   |              |   | 1,020,996 |   |
|                                                                     |   |            |       |   |            |   |
| INCOME FROM OPERATIONS                                                     |   |              | 1,456,633  |   |              |   | 298,793 |   |
|                                                                     |   |            |       |   |            |   |
| OTHER INCOME (EXPENSE):                                                    |   |            |       |   |            |   |
| Other income                                                               |   |              | 373,843    |   |              |   | - |   |
| Impairment loss                                                            |   |              | -          |   |              |   | (313,783 | ) |
| Interest expense                                                           |   |              | (397,466   | )      |              |   | (157,986 | ) |
| Loss on foreign exchange                                                   |   |              | (8,081     | )      |              |   | - |   |
|                                                                     |   |            |       |   |            |   |
| INCOME (LOSS) BEFORE PROVISION FOR INCOME TAX                              |   |              | 1,424,929  |   |              |   | (172,976 | ) |
|                                                                     |   |            |       |   |            |   |
| PROVISION FOR INCOME TAXES                                                 |   |              | -          |   |              |   | - |   |
|                                                                     |   |            |       |   |            |   |
| NET INCOME (LOSS) BEFORE NON-CONTROLLING INTERESTS                    |   | $                 | 1,424,929  |   |              | $      | (172,976 | ) |
|                                                                     |   |            |       |   |            |   |
| LESS: NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTERESTS          |   |              | 15,373     |   |              |   | (1,670 | ) |
|                                                                     |   |            |       |   |            |   |
| NET INCOME (LOSS)                                                          |   | $                 | 1,409,556  |   |              | $      | (171,306 | ) |
|                                                                     |   |            |       |   |            |   |
| OTHER COMPREHENSIVE INCOME:                                                |   |            |       |   |            |   |
| Unrealized foreign currency translation gain(loss)                         |   |              | 45,087     |   |              |   | 239,062 |   |
|                                                                     |   |              |       |   |              |   |   |   |
| LESS: OTHER COMPREHENSIVE INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS |   |              | 451        |   |              |   | 2,391 |   |
|                                                                     |   |            |       |   |            |   |
| COMPREHENSIVE INCOME                                                       |   | $                 | 1,454,192  |   |              | $      | 65,365 |   |
|                                                                     |   |            |       |   |            |   |
| NET INCOME PER COMMON SHARE:                                               |   |            |       |   |            |   |
| Basic                                                                      |   | $                 | 0.02       |   |              | $      | - |   |
| Diluted                                                                    |   | $                 | 0.02       |   |              | $      | - |   |
|                                                                     |   |            |       |   |            |   |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:                                |   |              |     |   |
| Basic                                                                      |   |              | 66,450,000 |   |              |   | 9,256,473 |   |
| Diluted                                                                    |   |              | 66,450,000 |   |              |   | 9,256,473 |   |

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| CHINA LIAONING DINGXU ECOLOGICAL AGRICULTURE DEVELOPMENT, INC AND SUBSIDIARIES |
|--------------------------------------------------------------------------------|
| CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY                     |
| For the Year Ended December 31, 2012 and 2011                                  |
| (AMOUNTS EXPRESSED IN US DOLLARS)                                              |

|                                            |   | Common Stock |       |   | Additional |   |   |     |      |   | (Accumulated loss) |   |   | Accumulated Other |     |      | Total         |   |
|-------------------------------------------------|--------|--------------|------------|--------|------------|--------|--------|----------|-----------|--------|--------------------|--------|--------|-------------------|----------|-----------|---------------|--------|
|                                            |   | Number of    |       |   |       |   |   | Paid-in  |      |   | Non-Controlling    |   |   | Retained          |     |      | Comprehensive |   |   | Stockholders' |   |
|                                            |   | Stocks       |       |   | Amount     |   |   | Capital  |      |   | Interests          |   |   | Earnings          |     |      | Income        |   |   | Equity |   |
|                                            |   |         |       |   |       |   |   |     |      |   |               |   |   |              |     |      |          |   |   |   |   |
| Balance, December 31, 2010 (Restated)           |   |         | 5,200,000  |   |       |   | 5,200  |     |      |   | 753,465            |   |   |              | -        |      |          |   | (432,058 | ) |   |   | 14,990 |   |   |   | 341,597 |   |
|                                            |   |       |       |   |     |   |   |   |      |   |             |   |   |            |     |      |        |   |   |   |   |
| Common stock issued for cash at $0.02 per share |   |         | 1,250,000  |   |       |   | 1,250  |     |      |   | 23,750             |   |   |            |     |      |        |   |   |   |   |   |   | 25,000 |   |
|                                          |   |       |       |   |     |   |   |   |      |   |             |   |   |            |     |      |        |   |   |   |   |
| Recapitalization                                |   |         | 60,000,000 |   |       |   | 60,000 |     |      |   | (60,000            | )      |   |            |     |      |        |   |   |   |   |   |   | - |   |
|                                          |   |       |       |   |     |   |   |   |      |   |             |   |   |            |     |      |        |   |   |   |   |
| Cash contributed by existing shareholders       |   |       |       |   |     |   |   |     | 6,883,924 |   |               |   | 69,534 |              |     |    |          |   |   |   |   |   | 6,953,458 |   |
|                                            |   |       |       |   |     |   |   |   |      |   |             |   |   |            |     |      |        |   |   |   |   |
| Equipment contributed by existing shareholders  |   |       |       |   |     |   |   |     | 104,209   |   |               |   | 1,053  |              |     |    |          |   |   |   |   |   | 105,262 |   |
|                                            |   |       |       |   |     |   |   |   |      |   |             |   |   |            |     |      |        |   |   |   |   |
| Imputed interest                                |   |       |       |   |     |   |   |     | 155,025   |   |               |   | 1,281  |              |     |    |          |   |   |   |   |   | 156,306 |   |
|                                            |   |       |       |   |     |   |   |   |      |   |             |   |   |            |     |      |        |   |   |   |   |
| Net loss                                        |   |       |       |   |     |   |   |   |      |   |               | (1,670 | )      |              |     | (171,306  | )             |   |   |   |   |   | (172,976 | ) |
| Foreign currency translation adjustment         |   |         |       |   |       |   |   |     |      |   |               |   |   |              | 2,391    |      |          |   |   |   |   |   | 236,671 |   |   |   | 239,062 |   |
| Balance, December 31, 2011 (Restated)           |   |         | 66,450,000 |   |       |   | 66,450 |     |      |   | 7,860,373          |   |   |              | 72,589   |      |          |   | (603,364 | ) |   |   | 251,661 |   |   |   | 7,647,709 |   |
|                                          |   |       |       |   |     |   |   |   |      |   |             |   |   |            |     |      |        |   |   |   |   |
| Imputed interest                                |   |       |       |   |     |   |   |     | 354,753   |   |               |   | 2,487  |              |     |    |          |   |   |   |   |   | 357,240 |   |
|                                          |   |       |       |   |     |   |   |   |      |   |             |   |   |            |     |      |        |   |   |   |   |
| Net income                                      |   |       |       |   |     |   |   |   |      |   |               | 15,373 |   |              |     | 1,409,556 |          |   |   |   |   |   | 1,424,929 |   |
|                                          |   |       |       |   |     |   |   |   |      |   |             |   |   |            |     |      |        |   |   |   |   |
| Foreign currency translation adjustment         |   |       |       |   |     |   |   |   |      |   |               | 451    |   |              |   |      |          |   | 44,636 |   |   |   | 45,087 |   |
| Balance, December 31, 2012                      |   |         | 66,450,000 |   |       |   | 66,450 |     |      |   | 8,215,126          |   |   |              | 90,900   |      |          |   | 806,192 |   |   |   | 296,297 |   |   |   | 9,474,965 |   |

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| CHINA LIAONING DINGXU ECOLOGICAL AGRICULTURE DEVELOPMENT, INC AND SUBSIDIARIES |
|--------------------------------------------------------------------------------|
| CONSOLIDATED STATEMENTS OF CASH FLOWS                                          |
| (AMOUNTS EXPRESSED IN US DOLLARS)                                              |

|                                                                                           |   | For the year Ended |       |
|--------------------------------------------------------------------------------------------------|--------|--------------------|------------|
|                                                                                           |   | December 31,       |       |
|                                                                                           |   | 2012               |       |   | 2011 |   |
|                                                                                           |   |             |       |   | Restated |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                                            |   |             |       |   |   |   |
| Net income (loss)                                                                                |   |               | 1,409,556  |   |   |   | (171,306 | ) |
| Net income (loss) attributable to non-controlling interests                                      |   |               | 15,373     |   |   |   | (1,670 | ) |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: |   |             |       |   |   |   |
| Bad debt                                                                                         |   |               | 460,530    |   |   |   | 372,010 |   |
| Depreciation and amortization                                                                    |   |               | 736,592    |   |   |   | 222,378 |   |
| Impairment loss                                                                                  |   |               | -          |   |   |   | 313,783 |   |
| Imputed interest                                                                                 |   |               | 357,240    |   |   |   | 156,306 |   |
| Changes in assets and liabilities:                                                               |   |             |       |   |   |   |
| Inventories                                                                                      |   |               | (73,057    | ) |   |   | (66,858 | ) |
| Other receivables - related parties                                                              |   |               | (36,693    | ) |   |   | - |   |
| Other receivables                                                                                |   |               | (362,823   | ) |   |   | 15,510 |   |
| Other current assets                                                                             |   |               | (85,914    | ) |   |   | - |   |
| Prepaid expense                                                                                  |   |               | 15,255     |   |   |   | (1,971,630 | ) |
| Accounts payable and accrued liabilities                                                         |   |               | (33,058    | ) |   |   | (253,138 | ) |
| NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES                                              |   |               | 2,403,001  |   |   |   | (1,384,615 | ) |
|                                                                                           |   |             |       |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES:                                                            |   |             |       |   |   |   |
| Purchase of property, plant and equipment                                                        |   |               | (1,649,206 | ) |   |   | (6,778,045 | ) |
| Purchase of software                                                                             |   |               | -          |   |   |   | (92,050 | ) |
| Construction in progress                                                                         |   |               | (58,194    | ) |   |   | (1,025,410 | ) |
| Acquisition of land use right                                                                    |   |               | (1,947,284 | ) |   |   | (1,742,672 | ) |
| NET CASH USED IN INVESTING ACTIVITIES                                                            |   |               | (3,654,684 | ) |   |   | (9,638,177 | ) |
|                                                                                           |   |             |       |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                                            |   |             |       |   |   |   |
| Proceeds from bank loan                                                                          |   |               | (476,122   | ) |   |   | 476,122 |   |
| Proceeds from contribution from existing shareholders                                            |   |               | -          |   |   |   | 6,953,458 |   |
| Proceeds from share issuances                                                                    |   |               | -          |   |   |   | 25,000 |   |
| Proceeds from related parties                                                                    |   |               | 1,672,100  |   |   |   | 3,351,262 |   |
| NET CASH PROVIDED BY FINANCING ACTIVITIES                                                        |   |               | 1,195,978  |   |   |   | 10,805,842 |   |
|                                                                                           |   |             |       |   |   |   |
| EFFECT OF EXCHANGE RATE ON CASH                                                                  |   |               | 45,087     |   |   |   | 239,062 |   |
|                                                                                           |   |             |       |   |   |   |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                                             |   |               | (10,618    | ) |   |   | 22,112 |   |
|                                                                                           |   |             |       |   |   |   |
| CASH AND CASH EQUIVALENTS - beginning of period                                                  |   |               | 31,863     |   |   |   | 9,751 |   |
|                                                                                           |   |             |       |   |   |   |
| CASH AND CASH EQUIVALENTS - end of period                                                        |   |               | 21,245     |   |   |   | 31,863 |   |
|                                                                                           |   |             |       |   |   |   |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:                                                |   |             |       |   |   |   |
| Cash paid for Interest                                                                           |   |               | 40,226     |   |   |   | 1,680 |   |
|                                                                                           |   |             |       |   |   |   |
| NON-CASH INVESTING AND FINANCING ACTIVITIES                                                      |   |             |       |   |   |   |
| Equipments contributed by related party                                                          |   |               | -          |   |   |   | 105,262 |   |
| Transfer of construction in progress to fixed assets                                             |   |               | -          |   |   |   | 509,939 |   |
| Transfer from prepaid expense to fixed assets                                                    |   |               | 491,450    |   |   |   | - |   |
| Payable incurred due to land use right acquisition                                               |   |               | 818,522    |   |   |   | 1,222,048 |   |
| Payable incurred due to fixed asset acquisition                                                  |   |               | 2,386,445  |   |   |   | - |   |

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CHINA LIAONING DINGXU ECOLOGICAL AGRICULTURE DEVELOPMENT INC.

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| Building         | 20      | years  |
|------------------|---------|--------|
|             |    |   |
| Plant equipment  | 5-10    | years  |
|             |    |   |
| Office equipment | 3-5     | years  |
|             |    |   |
| Vehicles         | 4  | years  |

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|                                         |   | December 31, 2012 |    |   | December 31, 2011 |   |
|----------------------------------------------|--------|------------------------|---------|--------|------------------------|--------|
|                                         |   |                   |    |   | (Restated)             |   |
| ShanDong RuiFan Food machinery Co, LTD       |   | $                      | -       |   |                   | $      | 331,699 |   |
| LanZhou LinMeiKe machine manufacture Co, LTD |   |                   | 27,643  |   |                   |   | 187,394 |   |
| PanJin JingZe Rice Co, LTD                   |   |                   | 79,548  |   |                   |   | 79,354 |   |
| Others                                       |   |                   | 41,704  |   |                   |   | 69,725 |   |
|                                         |   |                   | 148,895 |   |                   |   | 668,172 |   |

|                       |   | December 31, 2012 |    |   | December 31, 2011 |   |
|----------------------------|--------|------------------------|---------|--------|------------------------|--------|
|                       |   |                   |    |   |                   |   |
| Raw materials and supplies |   | $                      | 16,781  |   |                   | $      | 2,860 |   |
| Growing crops              |   |                   | 123,071 |   |                   |   | 63,998 |   |
| Finished goods             |   |                   | 63      |   |                   |   | - |   |
|                       |   |                   | 139,915 |   |                   |   | 66,858 |   |

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|                               |   | December 31, 2012 |       |   | December 31, 2011 |   |
|------------------------------------|--------|------------------------|------------|--------|------------------------|--------|
|                               |   |                   |       |   |                   |   |
| Building                           |   | $                      | 11,134,288 |   |                   | $      | 7,104,283 |   |
| Plant                              |   |                   | 524,805    |   |                   |   | 29,072 |   |
| Vehicles                           |   |                   | 33,372     |   |                   |   | 33,291 |   |
| Office equipment                   |   |                   | 73,580     |   |                   |   | 72,298 |   |
|                               |   |                   | 11,766,045 |   |                   |   | 7,238,944 |   |
|                               |   |                   |       |   |                   |   |   |   |
| Less: Accumulated depreciation     |   |                   | 675,316    |   |                   |   | 161,742 |   |
| Property, plant and equipment, net |   |                   | 11,090,729 |   |                   |   | 7,077,202 |   |

|                                |   | December 31, 2012 |       |   | December 31, 2011 |   |
|-------------------------------------|--------|------------------------|------------|--------|------------------------|--------|
| The beginning balance:              |   |                   |       |   |                   |   |
| Greenhouse and Planting structures  |   | $                      | 314,400    |   |                   | $      | 509,939 |   |
| Factory workshop                    |   |                   | 711,010    |   |                   |   | - |   |
|                                |   |                   | 1,025,410  |   |                   |   | 509,939 |   |
| The movement:                       |   |                   |       |   |                   |   |   |   |
| Add : Investments during the period |   |                   | 4,088,199  |   |                   |   | 7,619,754 |   |
| Less: Transfer to fixed assets      |   |                   | (4,030,005 | )      |                   |   | (7,104,283 | ) |
|                                |   |                   | 58,194     |   |                   |   | 515,471 |   |
| The ending balance:                 |   |                   |       |   |                   |   |   |   |
| Greenhouse and Planting structures  |   |                   | 354,943    |   |                   |   | 314,400 |   |
| Factory workshop                    |   |                   | 728,661    |   |                   |   | 711,010 |   |
|                                |   |                   | 1,083,604  |   |                   |   | 1,025,410 |   |

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|                 |   | December 31, 2012 |      |   | December 31, 2011 |   |
|----------------------|--------|------------------------|-----------|--------|------------------------|--------|
| Land use right       |   | $                      | 491,926   |   |                   | $      | 1,222,048 |   |
| Factory construction |   |                   | 2,386,445 |   |                   |   | - |   |
| Others               |   |                   | 916       |   |                   |   | 50,459 |   |
|                 |   | $                      | 2,879,128 |   |                   | $      | 1,272,507 |   |

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|                           |   |                           |   | Fair Value Measurements at |   |
|--------------------------------|--------|--------------------------------|--------|----------------------------|--------|
| Balance as ofDecember 31, 2012 |   | Balance as ofDecember 31, 2011 |   | Level 1                    |   | Level 2 |   | Level 3 |   |
|                           |   |                           |   |                       |   |   |   |   |   |   |   |   |   |
| $                              | -      |                           |   | $                          | -      |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |

| Years ending December 31:     |   |   |      |
|-------------------------------|--------|--------|-----------|
| 2019                          |   |   | 16,544    |   |
| 2020                          |   |   | 153,210   |   |
| 2021                          |   |   | 153,210   |   |
| 2022                          |   |   | 153,210   |   |
| 2023                          |   |   | 153,210   |   |
| Remaining payments            |   |   | 919,260   |   |
| Total future minimum payments |   | $      | 1,548,644 |   |

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|                                                                                                                       |   | Dec. 31, 2011( As reported) |       |   | Adjustment |   |     |     | As restated |     |
|------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|------------|--------|------------|--------|------------|----------|-------------|----------|
| ASSETS                                                                                                                       |   |                      |       |   |       |   |       |     |        |     |
| Cash and cash equivalents                                                                                                    |   |                        | 709,812    |   |       |   | (677,949   | )        | (a)         |     |   | 31,863 |   |
| Inventories                                                                                                                  |   |                        | 2,862      |   |       |   | 63,996     |     | (b)         |     |   | 66,858 |   |
| Advances to suppliers                                                                                                        |   |                        | 1,040,182  |   |       |   | (372,010   | )        | (c)         |     |   | 668,172 |   |
| Other receivables, net                                                                                                       |   |                        | 20,997     |   |       |   | (15,871    | )        | (d)         |     |   | 5,126 |   |
| Total Current Assets                                                                                                         |   |                        | 1,773,853  |   |       |   | (1,001,834 | )        |      |     |   | 772,019 |   |
|                                                                                                                       |   |                      |       |   |     |   |     |     |      |     |
| Property and equipment, net                                                                                                  |   |                        | 4,743,710  |   |       |   | 2,333,492  |     | (e)         |     |   | 7,077,202 |   |
| Construction in progress                                                                                                     |   |                        | 3,704,607  |   |       |   | (2,679,197 | )        | (e)         |     |   | 1,025,410 |   |
| Land use right                                                                                                               |   |                        | 3,225,474  |   |       |   | -          |     |      |     |   | 3,225,474 |   |
| Prepaid lease for land                                                                                                       |   |                        | 999,927    |   |       |   | (68,479    | )        | (f)         |     |   | 931,448 |   |
| Total Assets                                                                                                                 |   | $                           | 14,447,571 |   |       | $      | (1,416,018 | )        |      |     | $ | 13,031,553 |   |
|                                                                                                                       |   |                      |       |   |     |   |     |     |        |     |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                         |   |                        |     |   |     |   |       |     |        |
|                                                                                                                       |   |                      |       |   |     |   |     |     |        |     |   |
| Current Liabilities:                                                                                                         |   |                      |       |   |     |   |     |     |        |     |   |
| Account payable                                                                                                              |   |                        | -          |   |       |   | 5,203      |     | (g)  |     |   | 5,203 |   |
| Accrued expenses                                                                                                             |   |                        | -          |   |       |   | 560        |     | (g)         |     |   | 560 |   |
| Short-term loan                                                                                                              |   |                        | 476,122    |   |       |   | -          |     | (g)         |     |   | 476,122 |   |
| Other payables                                                                                                               |   |                        | 1,267,642  |   |       |   | 4,865      |     | (g)  |     |   | 1,272,507 |   |
| Due to related parties                                                                                                       |   |                        | 4,186,537  |   |       |   | (557,085   | )        | (a)         |     |   | 3,629,452 |   |
| Total Liabilities                                                                                                            |   |                        | 5,930,301  |   |       |   | (546,457   | )        |      |     |   | 5,383,844 |   |
|                                                                                                                       |   |                      |       |   |     |   |     |     |      |     |
| Stockholders' Equity:                                                                                                        |   |                      |       |   |     |   |     |     |      |     |
| Common stock ($0.001 par value; 75,000,000 shares authorized; 66,450,000 shares issued and outstanding at December 31, 2011) |   |                        | 66,450     |   |       |   | -          |     |      |     |   | 66,450 |   |
| Additional paid-in capital                                                                                                   |   |                        | 7,659,544  |   |       |   | 200,829    |     | (h)         |     |   | 7,860,373 |   |
| Statutory reserve                                                                                                            |   |                        | 57,805     |   |       |   | (57,805    | )        | (i)         |     |   | - |   |
| Retained earnings                                                                                                            |   |                        | 479,420    |   |       |   | (1,082,784 | )        | (j)         |     |   | (603,364 | ) |
| Accumulated other comprehensive income                                                                                       |   |                        | 254,052    |   |       |   | (2,391     | )        | (k)         |     |   | 251,661 |   |
| Non-controlling interests                                                                                                    |   |                        | -          |   |       |   | 72,589     |     | (k)         |     |   | 72,589 |   |
| Total Stockholders' Equity                                                                                                   |   |                        | 8,517,271  |   |       |   | (869,562   | )        |      |     |   | 7,647,709 |   |
|                                                                                                                       |   |                      |       |   |       | -      |       |   |        |   |   |
| Total Liabilities and Stockholders' Equity                                                                                   |   | $                           | 14,447,572 |   |       | $      | (1,416,019 | )        |      |     | $ | 13,031,553 |   |

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|                                                                     |   | Dec. 31, 2011(As reported) |      |   | Adjustments |     |       |   | Restated |   |
|----------------------------------------------------------------------------|--------|----------------------------|-----------|--------|-------------|----------|------------|--------|----------|--------|
|                                                                     |   |                     |      |   |        |     |       |   |     |   |
| NET REVENUES                                                               |   | $                          | 4,429,847 |   |        | $        | -          |   |     |   | $ | 4,429,847 |   |
|                                                                     |   |                     |      |   |      |     |       |   |   |   |
| COST OF REVENUES                                                           |   |                       | 2,912,226 |   |        |     | 197,832    |   | (l)      |   |   | 3,110,058 |   |
|                                                                     |   |                     |      |   |      |     |       |   |   |   |
| GROSS PROFIT                                                               |   |                       | 1,517,621 |   |        |     | (197,832   | )      |     |   |   | 1,319,789 |   |
|                                                                     |   |                     |      |   |      |     |       |   |   |   |
| OPERATING EXPENSES:                                                        |   |                     |      |   |      |     |       |   |   |   |
| Depreciation and amortization                                              |   |                       | 203,545   |   |        |     | (51,926    | )      | (e)      |   |   | 151,619 |   |
| Bad debt                                                                   |   |                       | -         |   |        |     | 372,010    |   | (c)      |   |   | 372,010 |   |
| General and administrative                                                 |   |                       | 509,445   |   |        |     | (12,078    | )      | (l)      |   |   | 497,367 |   |
|                                                                     |   |                     |      |   |      |     |       |   |   |   |
| Total Operating Expenses                                                   |   |                       | 712,990   |   |        |     | 308,006    |   |     |   |   | 1,020,996 |   |
|                                                                     |   |                     |      |   |      |     |       |   |   |   |
| INCOME FROM OPERATIONS                                                     |   |                       | 804,631   |   |        |     | (505,838   | )      |     |   |   | 298,793 |   |
|                                                                     |   |                     |      |   |      |     |       |   |   |   |
| OTHER INCOME(EXPENSE):                                                     |   |                     |      |   |      |     |       |   |   |   |
| Other income                                                               |   |                       | 105,262   |   |        |     | (105,262   | )      | (h)      |   |   | - |   |
| Impairment loss                                                            |   |                       | -         |   |        |     | (313,783   | )      | (m)      |   |   | (313,783 | ) |
| Interest expense                                                           |   |                       | (1,680    | )      |        |     | (156,306   | )      | (h)      |   |   | (157,986 | ) |
|                                                                     |   |                     |      |   |      |     |       |   |   |   |
| INCOME BEFORE PROVISION FOR INCOME TAX                                     |   |                       | 908,213   |   |        |     | (1,081,189 | )      |     |   |   | (172,976 | ) |
|                                                                     |   |                     |      |   |      |     |       |   |   |   |
| PROVISION FOR INCOME TAXES                                                 |   |                       | -         |   |        |     | -          |   |     |   |   | - |   |
|                                                                     |   |                     |      |   |      |     |       |   |   |   |
| NET INCOME (EXPENSE) BEFORE NON-CONTROLLING INTERESTS                      |   | $                          | 908,213   |   |        | $        | (1,081,189 | )      |     |   | $ | (172,976 | ) |
|                                                                     |   |                     |      |   |      |     |       |   |   |   |
| LESS: NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS                 |   |                       | -         |   |        |     | (1,670     | )      | (k)      |   |   | (1,670 | ) |
|                                                                     |   |                     |      |   |      |     |       |   |     |   |   |
| NET INCOME (LOSS)                                                          |   | $                          | 908,213   |   |        | $        | (1,079,519 | )      |     |   | $ | (171,306 | ) |
|                                                                     |   |                     |      |   |      |     |       |   |   |   |
| OTHER COMPREHENSIVE INCOME:                                                |   |                     |      |   |      |     |       |   |   |   |
| Unrealized foreign currency translation gain(loss)                         |   |                       | 256,443   |   |        |     | (17,381    | )      | (k)      |   |   | 239,062 |   |
|                                                                     |   |                     |      |   |      |     |       |   |   |   |
| LESS: OTHER COMPREHENSIVE INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS |   | $                          | -         |   |        | $        | 2,391      |   | (k)      |   | $ | 2,391 |   |
|                                                                     |   |                     |      |   |      |     |       |   |   |   |
| COMPREHENSIVE INCOME                                                       |   | $                          | 1,164,656 |   |        | $        | (1,099,291 | )      |     |   | $ | 65,365 |   |
|                                                                     |   |                     |      |   |      |     |       |   |   |   |
| NET INCOME PER COMMON SHARE:                                               |   |                     |      |   |      |     |       |   |   |   |
| Basic                                                                      |   | $                          | 0.10      |   |        |   |       |   |     | $      | - |   |
| Diluted                                                                    |   | $                          | 0.10      |   |        |   |       |   |     | $      | - |   |
|                                                                     |   |                     |      |   |      |     |       |   |   |   |
| WEIGHTED AVERAGE COMMON SHARES :                                           |   |                     |      |   |      |     |       |   |   |   |
| Basic                                                                      |   |                       | 9,256,473 |   |        |   |       |   |     |   | 9,256,473 |   |
| Diluted                                                                    |   |                       | 9,256,473 |   |        |   |       |   |     |   | 9,256,473 |   |

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