----

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

| [  ] | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|----------------|------------------------------------------------------------------------------------------|
|           | For the transition period from _______________ to _______________                        |

| Cayman Islands                                                 | N/A                                  |
|----------------------------------------------------------------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |

| Large accelerated filero                                            | Accelerated filero         |
|---------------------------------------------------------------------|----------------------------|
|                                                                |                       |
| Non-accelerated filero(Do not check if a smaller reporting company) | Smaller reporting companyx |

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|       |                                                                                  | PageNumber |
|------------|---------------------------------------------------------------------------------------|------------|
|       |                                                                                  |       |
|       | PART I.FINANCIAL INFORMATION                                                          |       |
|       |                                                                                  |       |
| ITEM 1.    | FINANCIAL STATEMENTS                                                                  | 3          |
|       |                                                                                  |       |
| ITEM 2.    | MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | 11         |
|       |                                                                                  |       |
| ITEM 3.    | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK                            | 12         |
|       |                                                                                  |       |
| ITEM 4.    | CONTROLS AND PROCEDURES                                                               | 12         |
|       |                                                                                  |       |
|       | PART II.OTHER INFORMATION                                                             |       |
| ITEM 1.    | LEGAL PROCEEDINGS                                                                     | 12         |
|       |                                                                                  |       |
| ITEM 1.(A) | RISK FACTORS                                                                          | 13         |
|       |                                                                                  |       |
| ITEM 2.    | UNREGISTERED SALES OF EQUITY SECURITIES & USE OF PROCEEDS                         | 13         |
|       |                                                                                  |       |
| ITEM 3.    | DEFAULTS UPON SENIOR SECURITIES                                                       | 13         |
|       |                                                                                  |       |
| ITEM 4.    | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                                   | 13         |
|       |                                                                                  |       |
| ITEM 5.    | OTHER INFORMATION                                                                     | 13         |
|       |                                                                                  |       |
| ITEM 6.    | EXHIBITS                                                                              | 13         |
|       |                                                                                  |       |
|       | SIGNATURES                                                                            | 13         |

----

|                                                                                                                                                                                                                                                                |   | December 31,2010(Unaudited) |    |   | June 30,2010(Audited) |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|---------|--------|-----------------------|--------|
| ASSETS                                                                                                                                                                                                                                                              |   |                        |    |   |                  |   |
|                                                                                                                                                                                                                                                                |   |                        |    |   |                  |   |
| CURRENT ASSETS                                                                                                                                                                                                                                                      |   |                        |    |   |                  |   |
| Cash and cash equivalents                                                                                                                                                                                                                                           |   | $                           | 1,218   |   |                  | $      | 1,425 |   |
|                                                                                                                                                                                                                                                                |   |                        |    |   |                  |   |   |   |
|             Total assets                                                                                                                                                                                |   | $                           | 1,218   |   |                  | $      | 1,425 |   |
|                                                                                                                                                                                                                                                                |   |                        |    |   |                  |   |   |   |
| LIABILITIES AND SHAREHOLDERS’ DEFICIT                                                                                                                                                                                                                         |   |                        |    |   |                  |   |   |   |
|                                                                                                                                                                                                                                                                |   |                        |    |   |                  |   |   |   |
| CURRENT LIABILITIES                                                                                                                                                                                                                                                 |   |                        |    |   |                  |   |   |   |
|    Payable to affiliate                                                                                                                                                                                                                              |   | $                           | 6,368   |   |                  | $      | 5,835 |   |
|    Accounts payable                                                                                                                                                                                                                                  |   |                        | 2,035   |   |                  |   | -- |   |
|             Total current liabilities                                                                                                                                                                   |   |                        | 8,403   |   |                  |   | 5,835 |   |
|                                                                                                                                                                                                                                                                |   |                        |    |   |                  |   |   |   |
| SHAREHOLDERS’ DEFICIT                                                                                                                                                                                                                                         |   |                        |    |   |                  |   |   |   |
|                                                                                                                                                                                                                                                                |   |                        |    |   |                  |   |   |   |
|    Preference shares, $0.000128 par value, 781,250 shares        authorized, none issued and outstanding                                                                                                     |   |                        | --      |   |                  |   | -- |   |
|    Ordinary shares, $.000128 par value; 39,062,500 shares authorized;                                                                                                                                                                                |   |                        |    |   |                  |   |   |   |
|                998,275 shares issued and outstanding as of               December 31, 2010 and June 30, 2010. |   |                        | 128     |   |                  |   | 128 |   |
|    Additional paid in capital                                                                                                                                                                                                                        |   |                        | 6,596   |   |                  |   | 6,596 |   |
|    Deficit accumulated during development stage                                                                                                                                                                                                      |   |                        | (13,909 | )      |                  |   | (11,134 | ) |
|             Total shareholders’ deficit                                                                                                                                                           |   |                        | (7,185  | )      |                  |   | (4,410 | ) |
|             Total liabilities and shareholders’ deficit                                                                                                                                           |   | $                           | 1,218   |   |                  | $      | 1,425 |   |

----

|                                                                                                       |   |  Six Months Ended December 31, 2010 |    |   |  Six Months Ended December 31, 2009 |   |    | Cumulative During Development Stage(September 27, 2006 to December 31, 2010) |   |
|------------------------------------------------------------------------------------------------------------|--------|------------------------------------------|---------|--------|------------------------------------------|--------|---------|------------------------------------------------------------------------------|--------|
|                                                                                                       |   |                                     |    |   |                                     |   |    |                                                                         |   |
| Revenues                                                                                                   |   | $                                        | --      |   |                                     | $      | --      |                                                                         |   | $ | -- |   |
|                                                                                                       |   |                                     |    |   |                                     |   |    |                                                                         |   |   |   |   |
| Expenses                                                                                                   |   |                                     |    |   |                                     |   |    |                                                                         |   |   |   |   |
|   Formation, general and administrative        expenses  |   |                                     | 2,775   |   |                                     |   | 1,782   |                                                                         |   |   | 13,909 |   |
|             Total operating expenses           |   |                                     | 2,775   |   |                                     |   | 1,782   |                                                                         |   |   | 13,909 |   |
|                                                                                                       |   |                                     |    |   |                                     |   |    |                                                                         |   |   |   |   |
|             Operating loss                     |   |                                     | (2,775  | )      |                                     |   | (1,782  | )                                                                            |   |   | (13,909 | ) |
|                                                                                                       |   |                                     |    |   |                                     |   |    |                                                                         |   |   |   |   |
|              Income tax expense (benefit) |   |                                     | --      |   |                                     |   | --      |                                                                         |   |   | -- |   |
|                                                                                                       |   |                                     |    |   |                                     |   |    |                                                                         |   |   |   |   |
|              Net loss                     |   | $                                        | (2,775  | )      |                                     | $      | (1,782  | )                                                                            |   | $ | (13,909 | ) |
|                                                                                                       |   |                                     |    |   |                                     |   |    |                                                                         |   |   |   |   |
| Basic and diluted loss per share                                                                           |   | $                                        | (0.00   | )      |                                     | $      | (0.00   | )                                                                            |   | $ | (0.02 | ) |
| Weighted average ordinary shares outstanding      – basic and diluted  |   |                                     | 998,275 |   |                                     |   | 998,275 |                                                                         |   |   | 925,480 |   |

----

|                                                                                                       |   |  Three Months Ended December 31, 2010 |    |   |  Three Months Ended December 31, 2009 |   |
|------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|---------|--------|--------------------------------------------|--------|
|                                                                                                       |   |                                       |    |   |                                       |   |
| Revenues                                                                                                   |   | $                                          | --      |   |                                       | $      | -- |   |
|                                                                                                       |   |                                       |    |   |                                       |   |   |   |
| Expenses                                                                                                   |   |                                       |    |   |                                       |   |   |   |
|   Formation, general and administrative        expenses  |   |                                       | 2,775   |   |                                       |   | 1,782 |   |
|             Total operating expenses           |   |                                       | 2,775   |   |                                       |   | 1,782 |   |
|                                                                                                       |   |                                       |    |   |                                       |   |   |   |
|             Operating loss                     |   |                                       | (2,775  | )      |                                       |   | (1,782 | ) |
|                                                                                                       |   |                                       |    |   |                                       |   |   |   |
|              Income tax expense (benefit) |   |                                       | --      |   |                                       |   | -- |   |
|                                                                                                       |   |                                       |    |   |                                       |   |   |   |
|              Net loss                     |   | $                                          | (2,775  | )      |                                       | $      | (1,782 | ) |
|                                                                                                       |   |                                       |    |   |                                       |   |   |   |
| Basic and diluted loss per share                                                                           |   | $                                          | (0.00   | )      |                                       | $      | (0.00 | ) |
| Weighted average ordinary shares outstanding      – basic and diluted  |   |                                       | 998,275 |   |                                       |   | 998,275 |   |

----

|                                                                                                                                                               |   |  Six Months Ended December 31, 2010 |     |   |  Six Months Ended December 31, 2009 |   |     | Cumulative During Development Stage(September 27, 2006 to December 31, 2010) |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------|----------|--------|------------------------------------------|--------|----------|------------------------------------------------------------------------------|--------|
| Cash flows from operating activities                                                                                                                               |   |                                     |     |   |                                     |   |     |                                                                         |   |
|   Net loss                                                                                                                                               |   | $                                        | (2,775   | )      |                                     | $      | (1,782   | )                                                                            |   | $ | (13,909 | ) |
|   Adjustments to reconcile net loss to cash used in      operating activities:                                             |   |                                     |     |   |                                     |   |     |                                                                         |   |   |   |   |
|        Shares issued to Founder for payment of           formation costs |   |                                     |  -- |   |                                     |   |  -- |                                                                         |   |   |  110 |   |
|        Changes in operating assets and liabilities                                                                              |   |                                     |     |   |                                     |   |     |                                                                         |   |   |   |   |
|               Payable to affiliate                                                           |   |                                     | 533      |   |                                     |   | --       |                                                                         |   |   | 6,368 |   |
|              Accounts payable                                                                     |   |                                     | 2,035    |   |                                     |   | 1,782    |                                                                         |   |   | 2,035 |   |
| Net cash used in operating activities                                                                                                                              |   |                                     | (207     | )      |                                     |   | --       |                                                                         |   |   | (5,396 | ) |
|                                                                                                                                                               |   |                                     |     |   |                                     |   |     |                                                                         |   |   |   |   |
| Cash flows from investing activities                                                                                                                               |   |                                     |     |   |                                     |   |     |                                                                         |   |   |   |   |
| Net cash provided by investing activities                                                                                                                          |   |                                     | --       |   |                                     |   | --       |                                                                         |   |   | -- |   |
|                                                                                                                                                               |   |                                     |     |   |                                     |   |     |                                                                         |   |   |   |   |
| Cash flows from financing activities                                                                                                                               |   |                                     |     |   |                                     |   |     |                                                                         |   |   |   |   |
| Proceeds from issuance of ordinary shares                                                                                                                          |   |                                     | --       |   |                                     |   | --       |                                                                         |   |   | 6,614 |   |
| Net cash provided by financing activities                                                                                                                          |   |                                     | --       |   |                                     |   | --       |                                                                         |   |   | 6,614 |   |
|                                                                                                                                                               |   |                                     |     |   |                                     |   |     |                                                                         |   |   |   |   |
| Net increase (decrease) in cash                                                                                                                                    |   |                                     | (207     | )      |                                     |   | --       |                                                                         |   |   | 1,218 |   |
|                                                                                                                                                               |   |                                     |     |   |                                     |   |     |                                                                         |   |   |   |   |
| Cash at beginning of the period                                                                                                                                    |   |                                     | 1,425    |   |                                     |   | 1,425    |                                                                         |   |   | -- |   |
| Cash at end of the period                                                                                                                                          |   | $                                        | 1,218    |   |                                     | $      | 1,425    |                                                                         |   | $ | 1,218 |   |
|                                                                                                                                                               |   |                                     |     |   |                                     |   |     |                                                                         |   |   |   |   |
| Supplemental disclosures of cash flow information:                                                                                                                 |   |                                     |     |   |                                     |   |     |                                                                         |   |   |   |   |
|   Interest paid                                                                                                                                          |   | $                                        | -        |   |                                     | $      | -        |                                                                         |   | $ | - |   |
|   Income taxes paid                                                                                                                                      |   | $                                        | -        |   |                                     | $      | -        |                                                                         |   | $ | - |   |

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| ITEM 3. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK |
|---------|------------------------------------------------------------|

----

| ITEM 1A.  RISK FACTORS. |
|-----------------------------------|

| 31 | Certification of Principal Executive Officer and Principal Financial Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities and Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 32 | Certification of Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Date: February 8, 2011 | FORMATIVE GROWTH CORPORATION                                       |
|------------------------|-------------------------------------------------------------------------|
|                   |                                                                    |
|                   | By:   /s/ Joseph Rozelle                                 |
|                   | Name: Joseph Rozelle                                                    |
|                   | Title:   President, Chief Financial Officer and Director |