FORM
      10-Q





U.S.
      SECURITIES AND EXCHANGE COMMISSION


Washington,
      D.C. 20549





x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE


SECURITIES
      EXCHANGE ACT OF 1934





For
      the
      quarterly period ended September 30, 2008





OR





 ̈ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE


SECURITIES
      EXCHANGE ACT OF 1934





For
      the
      transition period from ____________ to ____________





Commission
      file number 000-52650





Lihua
      International, Inc.


(formerly
      Plastron Acquisition Corp. I)


(Exact
      name of registrant as specified in its charter)




Delaware
            
            14-1961536(State
                or other jurisdiction
            
            (I.R.S.
                Employer Identification Number)of
                incorporation or organization)





c/o
      Clifford W. Chapman Jr., 712 Fifth Avenue, New York, NY 10019


(Address
      of principal executive offices)





(212)
      277-5301


(Registrant’s
      telephone number, including area code)





Plastron
      Acquisition Corp. I


(Former
      name, former address and former fiscal year, if changed since last
      report)





Indicate
      by check mark whether the registrant (1) has filed all reports required to
      be
      filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
      the
      preceding 12 months (or for such shorter period that the registrant was required
      to file such reports), and (2) has been subject to such filing requirements
      for
      the past 90 days. Yes x No  ̈.





Indicate
      by check mark whether the registrant is a large accelerated filer, an
      accelerated filer, a non-accelerated filer or a smaller reporting company.
      See
      definitions of “large accelerated filer,” “accelerated filer” and “smaller
      reporting company” in Rule 12b-2 of the Exchange Act. (Check one):


Large accelerated filer
             ̈
            Accelerated filer
             ̈Non-accelerated filer
             ̈
            Smaller reporting company .
            x(Do not check if a smaller reporting company)





Indicate by check mark whether
      the registrant is a shell company (as defined in Rule 12b-2 of the Exchange
      Act). Yes x No
o.








APPLICABLE
      ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING


THE
      PRECEDING FIVE YEARS:





Indicate
      by check mark whether the registrant has filed all documents and reports
      required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange
      Act
      of 1934 subsequent to the distribution of securities under a plan confirmed
      by a
      court. Yes o No
o.





APPLICABLE
      ONLY TO CORPORATE ISSUERS:





Indicate
      the number of shares outstanding of each of the issuer’s classes of common
      stock, as of the latest practicable date: 6,792,024 **** shares
      of
      common stock, par value $.0001 per share, outstanding as of October 7, 2008.








**LIHUA
      INTERNATIONAL, INC**





**-
      INDEX -**





Page**PART
                I – FINANCIAL INFORMATION:**Item
                1.
            Financial
                Statements:Balance
                Sheets as of September 30, 2008 (unaudited) and December 31, 2007
                (audited)
            
            1Statements
                of Operations for the Three and Nine Months Ended September 30, 2008
                and
                September 30, 2007 (unaudited) and for the Cumulative Period from
                January
                24, 2006 (Inception) to September 30, 2008 (unaudited)
            
            2Statement
                of Stockholders’ Deficit for the Cumulative Period from January 24, 2006
                (Inception) to September 30, 2008 (unaudited)
            
            3Statements
                of Cash Flows for the Nine Months Ended September 30, 2008 and September
                30, 2007 (unaudited) and for the Cumulative Period from January 24,
                2006
                (Inception) to September 30, 2008 (unaudited)
            
            4Notes
                to Financial Statements (unaudited)
            
            5Item
                2.
            Management’s
                Discussion and Analysis of Financial Condition and Results of
                Operations
            
            10Item
                3.
            Quantitative
                and Qualitative Disclosures About Market Risk
            
            13Item
                4T.
            Controls
                and Procedures
            
            13**PART
                II – OTHER INFORMATION:**Item
                1.
            Legal
                Proceedings
            
            14Item
              1A.
            Risk
                Factors
            
            14Item
                2.
            Unregistered
                Sales of Equity Securities and Use of Proceeds
            
            14Item
                3.
            Defaults
                Upon Senior Securities
            
            14Item
                4.
            Submission
                of Matters to a Vote of Security Holders
            
            14Item
                5.
            Other
                Information
            
            14Item
                6.
            Exhibits
            
            15Signatures
            
            
            17








**PART
      I – FINANCIAL INFORMATION**





**Item
      1. Financial Statements.**





**LIHUA
      INTERNATIONAL, INC**


**(A
      Development Stage Company)**


**BALANCE
      SHEETS**




**2008**
            
            **2007****(Unaudited)**
            
            **(Audited)****ASSETS****CURRENT
                ASSETS:**Cash
                and cash equivalents
            
            $
            7,749
            
            $
            1,844Total
                current assets
            
            
            7,749
            
            
            1,844**TOTAL
                ASSETS**
            
            **$**
            **7,749**
            
            **$**
            **1,844****LIABILITIES
                AND STOCKHOLDERS’ DEFICIT****CURRENT
                LIABILITIES:**Note
                payable - related party
            
            $
            22,500
            
            $
            12,500Note
                payable
            
            
            10,000
            
            
            **-**Accrued
                interest - related party
            
            
            1,703
            
            
            951Accrued
                interest
            
            
            51
            
            
            **-**Total
                current liabilities
            
            
            34,254
            
            
            13,451**TOTAL
                LIABILITIES**
            
            
            **34,254**
            
            
            **13,451****STOCKHOLDERS’
                DEFICIT:**Preferred
                stock, $.0001 par value; 10,000,000 shares authorized; 0 issued and
                outstanding
            
            
            **-**
            
            
            **-**Common
                stock, $.0001 par value; 75,000,000 shares authorized; 6,792,024
                and
                6,012,024 shares issued and outstanding, respectively
            
            
            679
            
            
            601Additional
                paid-in capital
            
            
            42,321
            
            
            29,399Deficit
                accumulated during the development stage
            
            
            (69,505
            )
            
            (41,607
            )**TOTAL
                STOCKHOLDERS’ DEFICIT**
            
            
            **(26,505**
            **)**
            
            **(11,607**
            **)****TOTAL
                LIABILITIES AND STOCKHOLDERS’ DEFICIT**
            
            **$**
            **7,749**
            
            **$**
            **1,844**





**The
      accompanying notes are an integral part of the financial
      statements.**


1


**LIHUA
      INTERNATIONAL, INC**


**(A
      Development Stage Company)**


**STATEMENTS
      OF OPERATIONS**





Three months
            
            Three months
            
            Nine months
            
            Nine months
            
            January 24, 2006ended
            
            ended
            
            ended
            
            ended
            
            (Inception) toSeptember 30, 2008
            
            September 30, 2007
            
            September 30, 2008
            
            September 30, 2007
            
            September 30, 2008(Unaudited)
            
            (Unaudited)
            
            (Unaudited)
            
            (Unaudited)
            
            (Unaudited)**REVENUE**
            
            **$**
            **-**
            
            **$**
            **-**
            
            **$**
            **-**
            
            **$**
            **-**
            
            **$**
            **-****OPERATING
                EXPENSES:**General
                and administrative expenses
            
            
            21,776
            
            
            11,994
            
            
            27,095
            
            
            23,521
            
            
            67,751**LOSS
                FROM OPERATIONS**
            
            
            **(21,776**
            **)**
            
            **(11,994**
            **)**
            
            **(27,095**
            **)**
            
            **(23,521**
            **)**
            
            **(67,751**
            **)****OTHER
                INCOME (EXPENSE)**Interest
                expense-related party
            
            
            (50
            )
            
            -
            
            
            (50
            )
            
            -
            
            
            (50
            )Interest
                expense
            
            
            (330
            )
            
            (125
            )
            
            (753
            )
            
            (375
            )
            
            (1,704
            )**Total
                other income (expense)**
            
            
            **(380**
            **)**
            
            **(125**
            **)**
            
            **(803**
            **)**
            
            **(375**
            **)**
            
            **(1,754**
            **)****NET
                LOSS**
            
            **$**
            **(22,156**
            **)**
            **$**
            **(12,119**
            **)**
            **$**
            **(27,898**
            **)**
            **$**
            **(23,896**
            **)**
            **$**
            **(69,505**
            **)****BASIC
                NET LOSS PER SHARE**
            
            **$**
            **(0.00**
            **)**
            **$**
            **(0.00**
            **)**
            **$**
            **(0.00**
            **)**
            **$**
            **(0.00**
            **)****WEIGHTED
                AVERAGE NUMBER OF COMMON SHARES OUTSTANDING,
                BASIC**
            
            
            **6,792,024**
            
            
            **6,012,024**
            
            
            **6,282,462**
            
            
            **6,012,024**




2


**LIHUA
      INTERNATIONAL, INC**


**(A
      Development Stage Company)**


**STATEMENT
      OF STOCKHOLDERS’ DEFICIT**


**From
      January 24, 2006 (Inception) to September 30, 2008**




Preferred Stock
            
            Common StockAdditional
            
            Accumulated
            
            TotalPaid-in
            
            During the
            
            Stockholders'Shares
            
            Amount
            
            Shares
            
            Amount
            
            Capital
            
            Development
            
            Deficit**BALANCE AT JANUARY 24, 2006, (INCEPTION)**
            
            
            -
            
            $
            -
            
            
            -
            
            $
            -
            
            $
            -
            
            $
            -
            
            $
            -Issuance
                of common stock for cash at $.005 per share
            
            
            -
            
            
            -
            
            
            6,012,024
            
            
            601
            
            
            29,399
            
            
            -
            
            
            30,000Net
                loss
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            (12,951
            )
            
            (12,951
            )**BALANCE
                AT DECEMBER 31, 2006**
            
            
            -
            
            
            -
            
            
            6,012,024
            
            
            601
            
            
            29,399
            
            
            (12,951
            )
            
            17,049Net
                (loss)
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            (11,777
            )
            
            (11,777
            )**BALANCES
                AT JUNE 30, 2007**
            
            
            -
            
            
            -
            
            
            6,012,024
            
            
            601
            
            
            29,399
            
            
            ($24,728
            )
            
            5,272Net
                loss
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            (28,656
            )
            
            (28,656
            )**BALANCE
                AT DECEMBER 31, 2007**
            
            
            -
            
            
            -
            
            
            6,012,024
            
            
            601
            
            
            29,399
            
            
            (41,607
            )
            
            (11,607
            )Issuance
                of common stock for cash at$0.017
                per share
            
            
            -
            
            
            -
            
            
            780,000
            
            
            78
            
            
            12,922
            
            
            -
            
            
            13,000Net
                loss
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            (27,898
            )
            
            (27,898
            )**BALANCE
                AT SEPTEMBER 30, 2008 (unaudited)**
            
            
            -
            
            $
            -
            
            
            6,792,024
            
            $
            679
            
            $
            42,321
            
            $
            (69,505
            )
            $
            (26,505
            )





**The
      accompanying notes are an integral part of the financial
      statements.**


3


**LIHUA
      INTERNATIONAL, INC**


**(A
      Development Stage Company)**


**STATEMENTS
      OF CASH FLOWS**





**January 1, 2008**
            
            **January 1, 2007**
            
            **January 24, 2006****to**
            
            **to**
            
            **(Inception) to****September 30, 2008**
            
            **September 30, 2007**
            
            **September 30, 2008****(Unaudited)**
            
            **(Unaudited)**
            
            **(Unaudited)****CASH FLOWS FROM OPERATING ACTIVITIES:**Net
                loss
            
            **$**
            **(27,898**
            **)**
            **$**
            **(23,896**
            **)**
            **$**
            **(69,505**
            **)**Changes
                in operating assets and liabilities:Increase
                in accrued liabilities
            
            
            803
            
            
            375
            
            
            1,754**Net
                cash used in operating activities**
            
            
            **(27,095**
            **)**
            
            **(23,521**
            **)**
            
            **(67,751**
            **)****CASH
                FLOWS FROM FINANCING ACTIVITIES:**Proceeds
                from issuance of common stock
            
            
            13,000
            
            
            -
            
            
            43,000Proceeds
                from loan - related party
            
            
            10,000
            
            
            -
            
            
            22,500Proceeds
                from loan
            
            
            10,000
            
            
            -
            
            
            10,000**Net
                cash provided by financing activities**
            
            
            **33,000**
            
            
            **-**
            
            
            **75,500****NET
                INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS**
            
            
            **5,905**
            
            
            **(23,521**
            **)**
            
            **7,749**Cash
                and cash equivalents at beginning of period
            
            
            **1,844**
            
            
            **30,000**
            
            
            **-****CASH
                AND CASH EQUIVALENTS AT END OF PERIOD**
            
            **$**
            **7,749**
            
            **$**
            **6,479**
            
            **$**
            **7,749**


4





**LIHUA
      INTERNATIONAL, INC**


**(A
      Development Stage Company)**


**NOTES
      TO FINANCIAL STATEMENTS**


**September
      30, 2008**


**(Unaudited)**





**NOTE
      1 -**  **ORGANIZATION
      AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:**





***(a)***
            ***Organization
                and Business:***




Lihua
      International, Inc., formerly known as Plastron Acquisition Corp. I (the
“Company”), was incorporated in the state of Delaware on January 24, 2006 for
      the purpose of raising capital that is intended to be used in connection with
      its business plans which may include a possible merger, acquisition or other
      business combination with an operating business. On September 22, 2008, the
      Company filed with the Secretary of State of Delaware a Certificate of Ownership
      and Merger, pursuant to which the Company Sub was merged with and into the
      Company. The Company was the survivor of the Merger and changed its name to
      Lihua International, Inc. The legal existence of the Company Sub, which had
      no
      assets or operations on the date of the Merger, was terminated effective as
      of
      the consummation of the merger.





The
      Company is currently in the development stage as defined in SFAS No. 7. All
      activities of the Company to date relate to its organization, initial funding
      and share issuances.





Going
      Concern


The
      accompanying financial statements have been prepared in conformity with
      generally accepted accounting principles, which contemplate continuation of
      the
      Company as a going concern. The Company has not begun generating revenue, is
      considered a development stage company, has experienced recurring net operating
      losses, had an accumulated deficit of ($69,505) and had a working capital
      deficiency of ($26,505) as of September 30, 2008. These factors raise
      substantial doubt about the Company’s ability to continue as a going concern.
      Management plans to issue more shares of common stock in order to raise funds.
      These financial statements do not include any adjustments relating to the
      recoverability and classification of recorded asset amounts, or amounts and
      classification of liabilities that might result from this
      uncertainty.





***(b)***
            ***Basis
                of Presentation:***




The
      accompanying unaudited financial statements have been prepared in accordance
      with Securities and Exchange Commission requirements for financial statements.
      The financial statements should be read in conjunction with the Form 10-KSB
      for
      the year ended December 31, 2007 of the Company.





The
      financial statements have been prepared in accordance with accounting principles
      generally accepted in the United States.





The
      financial information is unaudited. In the opinion of management, all
      adjustments (which include normal recurring adjustments) necessary to present
      fairly the financial position as of September 30, 2008 and the results of
      operations and cash flows presented herein have been included in the financial
      statements.


5


**LIHUA
      INTERNATIONAL, INC**


**(A
      Development Stage Company)**


**NOTES
      TO FINANCIAL STATEMENTS**


**September
      30, 2008**


**(Unaudited)**





**NOTE
      1 -**  **ORGANIZATION
      AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      (Continued):**





***(c)***
            ***Use
                of estimates:***




The
      preparation of financial statements in conformity with accounting principles
      generally accepted in the United States requires management to make estimates
      and assumptions that affect the amounts of assets and liabilities and disclosure
      of contingent assets and liabilities at the date of the balance sheet and
      reported amounts of revenues and expenses during the reporting period. Actual
      results could differ from those estimates.





***(d)***
            ***Cash
                and cash equivalents:***




For
      purposes of the statement of cash flows, the Company considers highly liquid
      financial instruments purchased with a maturity of three months or less to
      be
      cash equivalents.





***(e)***
            ***Income
                taxes:***




The
      Company adopted FASB Interpretation No. 48 (“FIN 48”), “Accounting for
      Uncertainty in Income Taxes”, which clarifies the accounting for uncertainty in
      income taxes recognized in the financial statements in accordance with SFAS
      No.
      109, “Accounting for Income Taxes.” The Company utilizes the liability method of
      accounting for income taxes. Under the liability method deferred tax assets
      and
      liabilities are determined based on the differences between financial reporting
      basis and the tax basis of the assets and liabilities and are measured using
      enacted tax rates and laws that will be in effect, when the differences are
      expected to reverse. An allowance against deferred tax assets is recognized,
      when it is more likely than not, that such tax benefits will not be
      realized.





Any
      deferred tax benefit is considered immaterial and has been fully offset by
      a
      valuation allowance because at this time the Company believes that it is more
      likely than not that the future tax benefit will not be realized as the Company
      has no current operations.





***(f)***
            ***Loss
                per common share:***




Basic
      loss per share is calculated using the weighted-average number of common shares
      outstanding during each reporting period. Diluted loss per share includes
      potentially dilutive securities such as outstanding options and warrants, using
      various methods such as the treasury stock or modified treasury stock method
      in
      the determination of dilutive shares outstanding during each reporting period.
      The Company does not have any potentially dilutive instruments.





***(g)***
            ***Fair
                value of financial
                instruments:***




The
      carrying value of cash equivalents and accrued expenses approximates fair value
      due to the short period of time to maturity.


6


**LIHUA
      INTERNATIONAL, INC**


**(A
      Development Stage Company)**


**NOTES
      TO FINANCIAL STATEMENTS**


**September
      30, 2008**


**(Unaudited)**





**NOTE
      1 -**  **ORGANIZATION
      AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      (Continued):**




***(h)***
            ***New
                accounting
                pronouncements:***





In
      March
      2008, the FASB issued SFAS No. 161, “Disclosures about Derivative
      Instruments and Hedging Activities – an amendment of FASB Statement No.
      133,” (SFAS “161”) as amended and interpreted, which requires enhanced
      disclosures about an entity’s derivative and hedging activities and thereby
      improves the transparency of financial reporting. Disclosing the fair values
      of
      derivative instruments and their gains and losses in a tabular format provides
      a
      more complete picture of the location in an entity’s financial statements of
      both the derivative positions existing at period end and the effect of using
      derivatives during the reporting period.





Entities
      are required to provide enhanced disclosures about (a) how and why an entity
      uses derivative instruments, (b) how derivative instruments and related hedged
      items are accounted for under Statement 133 and its related interpretations,
      and
      (c) how derivative instruments and related hedged items affect an entity’s
      financial position, financial performance, and cash flows. SFAS No. 161 is
      effective for financial statements issued for fiscal years and interim periods
      beginning after November 15, 2008. Early adoption is permitted, but not
      expected.





In
      May
      2008, the Financial Accounting Standards Board (“FASB”) issued SFAS No. 163,
“Accounting for Financial Guarantee Insurance Contracts - An interpretation
      of
      FASB Statement No. 60”. SFAS 163 requires that an insurance enterprise recognize
      a claim liability prior to an event of default when there is evidence that
      credit deterioration has occurred in an insured financial obligation. It also
      clarifies how Statement 60 applies to financial guarantee insurance contracts,
      including the recognition and measurement to be used to account for premium
      revenue and claim liabilities, and requires expanded disclosures about financial
      guarantee insurance contracts. It is effective for financial statements issued
      for fiscal years beginning after December 15, 2008, except for some disclosures
      about the insurance enterprise’s risk-management activities. SFAS 163 requires
      that disclosures about the risk-management activities of the insurance
      enterprise be effective for the first period beginning after issuance. Except
      for those disclosures, earlier application is not permitted. The adoption of
      this statement is not expected to have a material effect on the Company's future
      reported financial position or results of operations.


7


**LIHUA
      INTERNATIONAL, INC**


**(A
      Development Stage Company)**


**NOTES
      TO FINANCIAL STATEMENTS**


**September
      30, 2008**


**(Unaudited)**





**NOTE
      2 -**  **NOTE
      PAYABLE – RELATED PARTY:**





On
      March
      9, 2007, the Company entered into a loan agreement with Broadband Capital
      Management, LLC (“BCM”), pursuant to which the Company agreed to repay $12,500
      on or before the earlier of (i) December 31, 2012 or (ii) the date that the
      Company (or a wholly owned subsidiary of the Company) consummates a merger
      or
      similar transaction with an operating business (the “Maturity Date”). BCM had
      previously advanced the $12,500 on behalf of the Company. Interest shall accrue
      on the outstanding principal balance of this loan on the basis of a 360-day
      year
      daily from January 24, 2006, the effective date of the loan, until paid in
      full
      at the rate of four percent (4%) per annum. Interest expense associated with
      the
      loan for the quarters ending September 30, 2008 and 2007 was $125 and $125.
      Accrued interest at September 30, 2008 and December 31, 2007 was $1,326 and
      $500, respectively. Clifford Chapman, our director, Michael Rapp, our President
      and director, and Philip Wagenheim, our Secretary and director, all serve as
      management of BCM, a registered broker-dealer.





On
      April
      15, 2008, Michael Rapp, the President and a director of the Company, Philip
      Wagenheim, the Secretary and a director of the Company, and Clifford Chapman,
      a
      director of the Company, loaned the Company $5,000, $3,000 and $2,000,
      respectively. The Company issued promissory notes (each the “April 15 Note” and
      together, the “April 15 Notes”) to **** Messrs
      Rapp, Wagenheim and Chapman, pursuant to which the principal amounts thereunder
      shall accrue interest at an annual rate of 8.25%, and such principal and all
      accrued interest shall be due and payable on or before the earlier of (i) the
      fifth anniversary of the date of the Note or (ii) the date the Company
      consummates a business combination with a private company in a reverse merger
      or
      reverse takeover transaction or other transaction after which the Company would
      cease to be a shell company. Interest expense associated with the April 15
      Notes
      for the quarter ending September 30, 2008 was $206.





**NOTE
      3 -**  **NOTE
      PAYABLE:**





On
      June
      27, 2008, Penumbra Worldwide LTD and Gerald Scott Klayman made loans to the
      Company in the principal amounts of $5,000 and $5,000, respectively. The loans
      were accounted for as being issued on July 8, 2008; the same date the funds
      were
      received by the Company. The Company issued promissory notes to each of them,
      pursuant to which the principal amounts thereunder shall accrue interest at
      an
      annual rate of 2%, and such principal and all accrued interest shall be due
      and
      payable on December 31, 2008.





**NOTE
      4 -**  **STOCKHOLDERS’
      DEFICIT:**





The
      Company is authorized by its Certificate of Incorporation to issue an aggregate
      of 85,000,000 shares of capital stock, of which 75,000,000 are shares of common
      stock, par value $.0001 per share (the “Common Stock”) and 10,000,000 are shares
      of preferred stock, par value $.0001 per share (the “Preferred Stock”).





On
      September 16, 2008, the Company’s Board of Directors authorized a stock split,
      at a rate of 3.006012 shares of Common Stock for each share of Common Stock
      outstanding, which became effective at 9:00 a.m. Eastern Daylight Time on
      September 17, 2008. Upon the completion of the Stock Split, the 2,259,480 shares
      of the Company’s Common Stock outstanding immediately prior to the Stock Split
      were converted into 6,792,024 shares of Common Stock. All references in these
      financials statements to the number of common shares, price per share and
      weighted average number of common shares outstanding prior to the forward stock
      spilt on September 17, 2008 have been adjusted to reflect the split on a
      retroactive basis, unless otherwise noted.





8





**LIHUA
      INTERNATIONAL, INC**


**(A
      Development Stage Company)**


**NOTES
      TO FINANCIAL STATEMENTS**


**September
      30, 2008**


**(Unaudited)**





**NOTE
      4 -**  **STOCKHOLDERS’
      DEFICIT (Continued):**





On
      March
      1, 2006, the Company issued 3,006,012, 1,803,607, and 1,202,405 shares to
      Michael Rapp, Philip Wagenheim, and Clifford Chapman, respectively, for total
      cash consideration of $30,000 or $.005 per share.





On
      June
      27, 2008, the Company sold 780,000 shares of its common stock, par value $0.0001
      per share to three accredited investors, for total cash consideration of $13,000
      or approximately $.017 per share. As of September 30, 2008 and December 31,
      2007, 6,792,024 and 6,012,024 shares of Common Stock were issued and
      outstanding, respectively.





All
      outstanding shares of Common Stock are of the same class and have equal rights
      and attributes. The holders of Common Stock are entitled to one vote per share
      on all matters submitted to a vote of stockholders of the Company. All
      stockholders are entitled to share equally in dividends, if any, as may be
      declared from time to time by the Board of Directors out of funds legally
      available. In the event of liquidation, the holders of Common Stock are entitled
      to share ratably in all assets remaining after payment of all liabilities.
      The
      stockholders do not have cumulative or preemptive rights.


9





**Item
      2. Management’s Discussion and Analysis of Financial Condition and Results of
      Operations.**





***Forward
      Looking Statement Notice***





Certain
      statements made in this Quarterly Report on Form 10-Q are “forward-looking
      statements” (within the meaning of the Private Securities Litigation Reform Act
      of 1995) in regard to the plans and objectives of management for future
      operations. Such statements involve known and unknown risks, uncertainties
      and
      other factors that may cause actual results, performance or achievements of
      Lihua International, Inc (“we”, “us”, “our” or the “Company”) to be materially
      different from any future results, performance or achievements expressed or
      implied by such forward-looking statements. The forward-looking statements
      included herein are based on current expectations that involve numerous risks
      and uncertainties. The Company's plans and objectives are based, in part, on
      assumptions involving the continued expansion of business. Assumptions relating
      to the foregoing involve judgments with respect to, among other things, future
      economic, competitive and market conditions and future business decisions,
      all
      of which are difficult or impossible to predict accurately and many of which
      are
      beyond the control of the Company. Although the Company believes its assumptions
      underlying the forward-looking statements are reasonable, any of the assumptions
      could prove inaccurate and, therefore, there can be no assurance the
      forward-looking statements included in this Quarterly Report will prove to
      be
      accurate. In light of the significant uncertainties inherent in the
      forward-looking statements included herein, the inclusion of such information
      should not be regarded as a representation by the Company or any other person
      that the objectives and plans of the Company will be achieved.





***Description
      of Business***





The
      Company was incorporated in the State of Delaware under the name Plastron
      Acquisition Corp. I, on January 24, 2006 and maintains its principal executive
      office at c/o Clifford W. Chapman, Jr., 712 Fifth Avenue, New York, NY 10019.
      Since inception, the Company has been engaged in organizational efforts and
      obtaining initial financing. The Company was formed as a vehicle to pursue
      a
      business combination through the acquisition of, or merger with, an operating
      business. The Company filed a Registration Statement on Form 10-SB with the
      U.S.
      Securities and Exchange Commission (the “SEC”) on May 15, 2007, and since its
      effectiveness, the Company has focused its efforts to identify a possible
      business combination.





The
      Company, based on proposed business activities, is a “blank check” company. The
      SEC defines those companies as "any development stage company that is issuing
      a
      penny stock, within the meaning of Section 3(a)(51) of the Securities Exchange
      Act of 1934, as amended (the “Exchange Act”), and that has no specific business
      plan or purpose, or has indicated that its business plan is to merge with an
      unidentified company or companies." Many states have enacted statutes, rules
      and
      regulations limiting the sale of securities of "blank check" companies in their
      respective jurisdictions. The Company is also a “shell company,” defined in Rule
      12b-2 under the Exchange Act as a company with no or nominal assets (other
      than
      cash) and no or nominal operations. Management does not intend to undertake
      any
      efforts to cause a market to develop in our securities, either debt or equity,
      until we have successfully concluded a business combination. The Company intends
      to comply with the periodic reporting requirements of the Exchange Act for
      so
      long as we are subject to those requirements.





The
      Company was organized as a vehicle to investigate and, if such investigation
      warrants, acquire a target company or business seeking the perceived advantages
      of being a publicly held corporation. The Company’s principal business objective
      for the next 12 months and beyond such time will be to achieve long-term growth
      potential through a combination with an operating business. The Company will
      not
      restrict its potential candidate target companies to any specific business,
      industry or geographical location and, thus, may acquire any type of
      business.





The
      Company currently does not engage in any business activities that provide cash
      flow. During the next twelve months we anticipate incurring costs related
      to:


10


(i)  filing
      Exchange Act reports, and


(ii)  investigating,
      analyzing and consummating an acquisition.





We
      believe we will be able to meet these costs through use of funds in our
      treasury, through deferral of fees by certain service providers and additional
      amounts, as necessary, to be loaned to or invested in us by our stockholders,
      management or other investors.





The
      Company may consider acquiring a business which has recently commenced
      operations, is a developing company in need of additional funds for expansion
      into new products or markets, is seeking to develop a new product or service,
      or
      is an established business which may be experiencing financial or operating
      difficulties and is in need of additional capital. In the alternative, a
      business combination may involve the acquisition of, or merger with, a company
      which does not need substantial additional capital but which desires to
      establish a public trading market for its shares while avoiding, among other
      things, the time delays, significant expense, and loss of voting control which
      may occur in a public offering.





Since
      our
      Registration Statement on Form 10-SB became effective, our management has had
      contact and discussions with representatives of other entities regarding a
      business combination with us. We are currently involved in negotiations to
      enter
      into such a business combination, although there is no assurance that such
      transaction will be consummated. Please see item 5 of this quarterly report
      for
      a summary of this proposed business combination. Any target business that is
      selected may be a financially unstable company or an entity in its early stages
      of development or growth, including entities without established records of
      sales or earnings. In that event, we will be subject to numerous risks inherent
      in the business and operations of financially unstable and early stage or
      potential emerging growth companies. In addition, we may effect a business
      combination with an entity in an industry characterized by a high level of
      risk,
      and, although our management will endeavor to evaluate the risks inherent in
      a
      particular target business, there can be no assurance that we will properly
      ascertain or assess all significant risks.





The
      Company anticipates that the selection of a business combination will be complex
      and extremely risky. Because of general economic conditions, rapid technological
      advances being made in some industries and shortages of available capital,
      our
      management believes that there are numerous firms seeking even the limited
      additional capital which we will have and/or the perceived benefits of becoming
      a publicly traded corporation. Such perceived benefits of becoming a publicly
      traded corporation include, among other things, facilitating or improving the
      terms on which additional equity financing may be obtained, providing liquidity
      for the principals of and investors in a business, creating a means for
      providing incentive stock options or similar benefits to key employees, and
      offering greater flexibility in structuring acquisitions, joint ventures and
      the
      like through the issuance of stock. Potentially available business combinations
      may occur in many different industries and at various stages of development,
      all
      of which will make the task of comparative investigation and analysis of such
      business opportunities extremely difficult and complex.





***Liquidity
      and Capital Resources***





As
      of
      September 30, 2008, the Company had assets equal to $7,749, comprised
      exclusively of cash and cash equivalents. This compares with assets of $1,844,
      comprised exclusively of cash and cash equivalents, as of December 31, 2007.
      The
      Company’s current liabilities as of September 30, 2008 totaled $34,254,
      comprised exclusively of notes payable and accrued interest. This compares
      to
      the Company’s current liabilities as of December 31, 2007 of $13,451, comprised
      exclusively of notes payable and accrued interest.  The
      Company can provide no assurance that it can continue to satisfy its cash
      requirements for at least the next twelve months.


11


The
      following is a summary of the Company's cash flows provided by (used in)
      operating, investing, and financing activities for the nine months ended
      September 30, 2008 and September 30, 2007 and for the cumulative period from
      January 24, 2006 (inception) to September 30, 2008:





Nine Months
              Ended
              September 30,
              2008
            
            Nine Months
              Ended
              September 30,
              2007
            
            For the Cumulative
              Period from
              January 24, 2006
              (Inception) to
              September 30, 2008Net
                cash used in operating activities
            
            $
            (27,095
            )
            $
            (23,521
            )
            $
            (67,751
            )Net
                cash used in investing activities
            
            
            -
            
            
            -
            
            
            -Net
                cash provided by financing activities
            
            
            33,000
            
            
            -
            
            
            75,500Net
                increase in cash and cash equivalents
            
            $
            5,905
            
            $
            (23,521
            )
            $
            7,749





The
      Company has nominal assets and has generated no revenues since inception. The
      Company is also dependent upon the receipt of capital investment or other
      financing to fund its ongoing operations and to execute its business plan of
      seeking a combination with a private operating company. In addition, the Company
      is dependent upon certain related parties to provide continued funding and
      capital resources. If continued funding and capital resources are unavailable
      at
      reasonable terms, the Company may not be able to implement its plan of
      operations.





***Results
      of Operations***





The
      Company has not conducted any active operations since inception, except for
      its
      efforts to locate suitable acquisition candidates. No revenue has been
      generated by the Company from January 24, 2006 (inception) to September 30,
      2008. It is unlikely the Company will have any revenues unless it is able to
      effect an acquisition or merger with an operating company, of which there can
      be
      no assurance. It is management's assertion that these circumstances may hinder
      the Company's ability to continue as a going concern.  The Company’s plan
      of operation for the next twelve months shall be to continue its efforts to
      locate suitable acquisition candidates.





For
      the
      three and nine months ended September 30, 2008, the Company had a net loss
      of
      $(22,156) and $(27,898), respectively, consisting of legal, accounting, audit
      and other professional service fees incurred in relation to the filing of the
      Company’s Quarterly Reports on Form 10-Q for the periods ending March 31, 2008
      and June 30, 2008 and Annual Report on Form 10-KSB for the year ended December
      31, 2007. This compares with a net loss of $(12,119) and $(23,896) for the
      three
      and nine months ended September 30, 2007, respectively, consisting of legal,
      accounting, audit and other professional service fees incurred in relation
      to
      the formation of the Company and the filing of the Company’s Registration
      Statement on Form 10-SB in May of 2007.




For
      the
      cumulative period from January 24, 2006 (inception) to September 30, 2008,
      the
      Company had a net loss of $(69,505), consisting of legal, accounting, audit
      and
      other professional service fees incurred in relation to the formation of the
      Company, the filing of the Company’s Registration Statement on Form 10-SB in
      November of 2005, the filing of the Company’s Quarterly Reports on Form 10-QSB
      and Form 10-Q and the filing of the Company’s Annual Reports on Form
      10-KSB.





***Off-Balance
      Sheet Arrangements*** ****





The
      Company does not have any off-balance sheet arrangements that have or are
      reasonably likely to have a current or future effect on the Company’s financial
      condition, changes in financial condition, revenues or expenses, results of
      operations, liquidity, capital expenditures or capital resources that is
      material to investors. ****


12


***Contractual
      Obligations***





As
      a
“smaller reporting company” as defined by Item 10 of Regulation S-K, the Company
      is not required to provide this information.





**Item
      3. Quantitative and Qualitative Disclosures About Market
      Risk.**





As
      a
“smaller reporting company” as defined by Item 10 of Regulation S-K, the Company
      is not required to provide this information.





**Item
      4T. Controls and Procedures.**





***Evaluation
      of Disclosure Controls and Procedures***





We
      maintain disclosure controls and procedures that are designed to ensure that
      information required to be disclosed in our reports filed pursuant to the
      Exchange Act is recorded, processed, summarized and reported within the time
      periods specified in the SEC’s rules, regulations and related forms, and that
      such information is accumulated and communicated to our principal executive
      officer and principal financial officer, as appropriate, to allow timely
      decisions regarding required disclosure.





As
      of
      September 30, 2008, we carried out an evaluation, under the supervision and
      with
      the participation of our principal executive officer and our principal financial
      officer of the effectiveness of the design and operation of our disclosure
      controls and procedures. Based on this evaluation, our principal executive
      officer and our principal financial officer concluded that our disclosure
      controls and procedures were effective as of the end of the period covered
      by
      this report.





***Changes
      in Internal Controls***





There
      have been no changes in our internal controls over financial reporting during
      the quarter ended September 30, 2008 that have materially affected or are
      reasonably likely to materially affect our internal controls.


13


**PART
      II — OTHER INFORMATION**





**Item
      1. Legal Proceedings.**





To
      the
      best knowledge of our officers and directors, the Company is not a party to
      any
      legal proceeding or litigation.





**Item
      1A. Risk Factors.**





As
      a
“smaller reporting company” as defined by Item 10 of Regulation S-K, the Company
      is not required to provide information required by this Item.





**Item
      2. Unregistered Sales of Equity Securities and Use of Proceeds.**





None.





**Item
      3. Defaults Upon Senior Securities.**





None.





**Item
      4. Submission of Matters to a Vote of Security Holders.**





On
      August
      15, 2008, the Company’s Board of Directors authorized a forward stock split of
      the Company’s shares of common stock, par value $.0001 per share (the “Common
      Stock”) at a rate of approximately 3.01 shares of Common Stock for each share of
      Common Stock outstanding to be effected in the discretion of the Board of
      Directors before August 26, 2009 (the “Stock Split”). By the written consent of
      the stockholders owning greater than a majority of the outstanding shares of
      Common Stock, the Stock Split was approved. On August 26, 2008 the Company
      mailed notice of the authorization to all stockholders, including those who
      did
      not return the written consent approving the stock split, in the form of an
      Information Statement pursuant to Section 14(c) of the Securities Exchange
      Act
      of 1934, as amended (the “14C Information Statement”).





On
      September 16, 2008, the Company’s Board of Directors authorized the Stock Split,
      at a rate of 3.006012 shares of Common Stock for each share of Common Stock
      outstanding, which became effective on September 17, 2008. Upon completion
      of
      the Stock Split, the 2,259,480 shares of the Company’s Common Stock immediately
      prior to the Stock Split were converted into 6,792,024 shares of Common
      Stock.





**Item
      5. Other Information.**





Merger





On
      September 19, 2008, the Company and its wholly owned subsidiary, Lihua
      International, Inc. (the “Company Sub”) entered into and filed with the
      Secretary of State of Delaware a Certificate of Ownership and Merger, pursuant
      to which the Company Sub was merged with and into the Company (the “Merger”).
      The Company was the survivor of the Merger and changed it name to Lihua
      International, Inc., as permitted under the provisions of the Delaware General
      Corporation Law. The Company’s Certificate of Incorporation was amended,
      pursuant to the provisions of the Certificate of Ownership and Merger to change
      the name of the Company to Lihua International, Inc. The Merger and the change
      of the Company’s name were approved by the unanimous written consent of the
      Company’s directors on September 19, 2008.


14


Stock
      Split





As
      described in Item 4 above, on September 16, 2008, the Company’s Board of
      Directors authorized the Stock Split, at a rate of 3.006012 shares of Common
      Stock for each share of Common Stock outstanding, which became effective on
      September 17, 2008. Upon completion of the Stock Split, the 2,259,480 shares
      of
      the Company’s Common Stock immediately prior to the Stock Split were converted
      into 6,792,024 shares of Common Stock.





Share
      Exchange Agreement





The
      Company intends to enter into a Share Exchange Agreement (the “Share Exchange
      Agreement”) with Ally Profit Investments Limited, a British Virgin Islands
      company (" Ally
      Profit ”),
      Magnify Wealth Enterprise Limited, a British Virgin Islands Company, the sole
      shareholder of Ally Profit (the “ Ally
      Profit Shareholder ”),
      who
      owns shares constituting 100% of the issued and outstanding ordinary shares
      of
      Ally Profit (the “ Ally
      Profit Shares ”),
      and
      the three principal stockholders of Lihua International, Inc. (“the
“ Lihua
      Controlling Stockholders ”).
      Pursuant to the terms of the Exchange Agreement, the Ally Profit Shareholder
      will transfer all of the Ally Profit Shares to us in exchange for the issuance
      of 13,800,000 (the “ Shares ”)
      shares
      of our Common Stock (the “ Share
      Exchange ”),
      par
      value $0.0001 per share (the “ Common
      Stock ”).
      As a
      result of the Share Exchange, Ally Profit will become our wholly-owned
      subsidiary and the Ally Profit Shareholder will acquire approximately 92% of
      our
      issued and outstanding stock. In addition, the Company will experience a change
      in control in the board of directors and management, pursuant to the terms
      of
      the Share Exchange Agreement.





Concurrent
      with the closing of the Share Exchange, we intend to enter into a repurchase
      agreement (the “Repurchase Agreement”) with the Lihua Controlling Stockholders,
      pursuant to which we would repurchase 5,592,024 of the 6,012,024 shares of
      Common Stock owned by them.




Concurrent
      with the closing of the Share Exchange, we intend to complete a private
      placement of our securities for aggregate gross proceeds of up to $15,000,000
      (the “ Private
      Placement ”)
      with
      certain accredited investors (the “Investors”). It is also anticipated that the
      investors will receive warrants to purchase our Common Stock, in connection
      with
      the Private Placement, on such terms and conditions to be
      determined.




Our
      placement agent in connection with the Private Placement will receive a cash
      fee
      equal to 6.5% of the gross proceeds of the Private Placement and will also
      receive warrants to purchase 5% of the number of shares sold in the Private
      Placement at an exercise price per share that is equivalent to the purchase
      price in the Private Placement. The warrants would be for a term of 5 years
      and
      would have a cashless exercise provision.





Our
      financial advisor will receive warrants to purchase up to 281,320 shares at
      an
      exercise price per share that is equivalent to the purchase price in the Private
      Placement. The warrants would be for a term of 5 years and would have a cashless
      exercise provision. There can be no assurance that we will successfully
      consummate the transactions contemplated under the Share Exchange Agreement
      and/or the Private Placement.





**Item
      6. Exhibits.**





(a)
      Exhibits required by Item 601 of Regulation S-K.




Exhibit
            
            Description*3.1
            
            Certificate
                of Incorporation, as filed with the Delaware Secretary of State on
                January
                24, 2006.*3.2
            
            By-Laws.**3.3
            
            Certificate
                of Ownership and Merger Dated September 19,
                2008.




15




31.1
            
            Certification
                of the Company’s Principal Executive Officer and Principal Financial
                Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002,
                with
                respect to the registrant’s Quarterly Report on Form 10-Q for the quarter
                ended September 30, 2008.32.1
            
            Certification
                of the Company’s 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.




*
            Filed
                as an exhibit to the Company’s Registration Statement on Form 10-SB, as
                filed with the Securities and Exchange Commission on May 15, 2007
                and
                incorporated herein by this
                reference.





******
            Filed
                as an Exhibit to the Form 8-K, as filed with the Securities and Exchange
                Commission on September 17, 2008.


16


**SIGNATURES**





Pursuant
      to the requirements of the Securities Exchange Act of 1934, the registrant
      has
      duly caused this report to be signed on its behalf by the undersigned thereunto
      duly authorized.





Dated:
                October 7, 2008
            **LIHUA
              INTERNATIONAL, INC**By:
            /s/
                Michael RappMichael
                RappPresident
                and DirectorPrincipal
                Executive OfficerPrincipal
                Financial Officer


17