| UNITED STATES                      |
|------------------------------------|
| SECURITIES AND EXCHANGE COMMISSION |
| Washington, D.C. 20549             |
|                               |
| FORM 10-Q                          |
|                               |
| x                                  | QUARTERLY REPORT UNDER TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE |
|                               | ACT OF 1934 |
|                               | FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2010 |
| OR                                 |   |
|  ̈                             | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES |
|                               | EXCHANGE ACT OF 1934 |
|                               |
| Commission file number 000-53224   |

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

----

| Consolidated Financial Statements                          | Page |
|------------------------------------------------------------|------|
| Report of Independent Registered Public Accounting Firm    | 3    |
| Consolidated Balance Sheets                                | 4    |
| Consolidated Statements of Income and Comprehensive Income | 5    |
| Consolidated Statements of Cash Flows                      | 6    |
| Notes to Consolidated Financial Statements                 | 7    |

----

----

|                                                                                                      |   | September 30, |       |   | December 31, |   |
|-----------------------------------------------------------------------------------------------------------|--------|---------------|------------|--------|--------------|--------|
|                                                                                                      |   | 2010          |       |   | 2009         |   |
|                                                                                                      |   | (Unaudited)   |       |   |         |   |
| Assets                                                                                                    |   |          |       |   |         |   |
| Current assets:                                                                                           |   |          |       |   |         |   |
| Cash and cash equivalents                                                                                 |   | $             | 4,569,592  |   |         | $      | 694,620 |   |
| Restricted cash                                                                                           |   |          | 860        |   |         |   | 294,807 |   |
| Accounts receivable                                                                                       |   |          | 170,856    |   |         |   | 360,581 |   |
| Inventories                                                                                               |   |          | 1,021,980  |   |         |   | 553,187 |   |
| Advance payments                                                                                          |   |          | 6,664,098  |   |         |   | 15,284,156 |   |
| Dividend receivable                                                                                       |   |          | 260,163    |   |         |   | 333,508 |   |
| Other receivables                                                                                         |   |          | 4,539,939  |   |         |   | 2,300,314 |   |
| Total current assets                                                                                      |   |          | 17,227,488 |   |         |   | 19,821,173 |   |
|                                                                                                      |   |          |       |   |         |   |   |   |
| Property, plant and equipment, net                                                                        |   |          | 4,612,932  |   |         |   | 4,541,763 |   |
|                                                                                                      |   |          |       |   |         |   |   |   |
| Other assets:                                                                                             |   |          |       |   |         |   |   |   |
| Deferred income taxes                                                                                     |   |          | 51,428     |   |         |   | 50,397 |   |
| Goodwill                                                                                                  |   |          | 61,564     |   |         |   | 60,330 |   |
| Investment in non-consolidated entities                                                                   |   |          | 9,260,231  |   |         |   | 3,818,615 |   |
| Other non-current assets                                                                                  |   |          | 15,410     |   |         |   | 16,055 |   |
| Total other assets                                                                                        |   |          | 9,388,633  |   |         |   | 3,945,397 |   |
|                                                                                                      |   |          |       |   |         |   |   |   |
| Total assets                                                                                              |   | $             | 31,229,053 |   |         | $      | 28,308,333 |   |
|                                                                                                      |   |          |       |   |         |   |   |   |
| Liabilities                                                                                               |   |          |       |   |         |   |   |   |
| Current liabilities:                                                                                      |   |          |       |   |         |   |   |   |
| Accounts payable and accrued expenses                                                                     |   | $             | 2,787      |   |         | $      | 833,375 |   |
| Short-term bank loan                                                                                      |   |          | -          |   |         |   | 880,200 |   |
| Trade notes payable                                                                                       |   |          | -          |   |         |   | 586,800 |   |
| Customer advances                                                                                         |   |          | 756,877    |   |         |   | 233,486 |   |
| Due to former shareholders                                                                                |   |          | 1,612,960  |   |         |   | 1,580,636 |   |
| Loans from third parties                                                                                  |   |          | 16,807,590 |   |         |   | 13,300,170 |   |
| Current portion of long-term debt and other current liabilities                                           |   |          | 850,054    |   |         |   | 218,651 |   |
| Total current liabilities                                                                                 |   |          | 20,030,268 |   |         |   | 17,633,318 |   |
|                                                                                                      |   |          |       |   |         |   |   |   |
| Long-term liabilities:                                                                                    |   |          |       |   |         |   |   |   |
| Long-term bank loan                                                                                       |   |          | -          |   |         |   | 146,700 |   |
|              Total long-term liabilities |   |          | -          |   |         |   | 146,700 |   |
|                                                                                                      |   |          |       |   |         |   |   |   |
| Total liabilities                                                                                         |   |          | 20,030,268 |   |         |   | 17,780,018 |   |
|                                                                                                      |   |          |       |   |         |   |   |   |
| Equity                                                                                                    |   |          |       |   |         |   |   |   |
| Stockholders’ equity:                                                                               |   |          |       |   |         |   |   |   |
| Common stock, $0.00001 par value, 75,000,000 shares authorized,                                           |   |          |       |   |         |   |   |   |
|   12,000,000 shares issued and outstanding                                                      |   |          | 120        |   |         |   | 120 |   |
| Additional paid-in capital                                                                                |   |          | 8,055,262  |   |         |   | 8,055,262 |   |
| Statutory reserve                                                                                         |   |          | 260,836    |   |         |   | 260,836 |   |
| Retained earnings                                                                                         |   |          | 2,279,878  |   |         |   | 1,787,879 |   |
| Accumulated other comprehensive income                                                                    |   |          | 590,095    |   |         |   | 409,222 |   |
| Total stockholders’ equity                                                                          |   |          | 11,186,191 |   |         |   | 10,513,319 |   |
|                                                                                                      |   |          |       |   |         |   |   |   |
| Noncontrolling interest                                                                                   |   |          | 12,594     |   |         |   | 14,996 |   |
|                                                                                                      |   |          |       |   |         |   |   |   |
| Total equity                                                                                              |   |          | 11,198,785 |   |         |   | 10,528,315 |   |
|                                                                                                      |   |          |       |   |         |   |   |   |
| Total liabilities and equity                                                                              |   | $             | 31,229,053 |   |         | $      | 28,308,333 |   |

----

|                                                            |   | For the Three Months |       |   | For the Nine Months |   |
|-----------------------------------------------------------------|--------|----------------------|------------|--------|---------------------|--------|
|                                                            |   | Ended September 30,  |       |   | Ended September 30, |   |
|                                                            |   | 2010                 |       |   | 2009                |   |   | 2010 |   |   | 2009 |   |
|                                                            |   |                 |       |   |                |   |   |   |   |   |   |   |
|  Sales                                                     |   | $                    | 6,739,042  |   |                | $      | 7,443,652 |   |   | $ | 16,723,481 |   |   | $ | 16,865,037 |   |
|                                                            |   |                 |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
|  Cost of sales                                             |   |                 | 5,746,539  |   |                |   | 6,650,337 |   |   |   | 14,401,031 |   |   |   | 14,664,584 |   |
|                                                            |   |                 |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
|  Gross profit                                              |   |                 | 992,503    |   |                |   | 793,315 |   |   |   | 2,322,450 |   |   |   | 2,200,453 |   |
|                                                            |   |                 |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Operating expenses:                                             |   |                 |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
|     Selling expenses                        |   |                 | 432,372    |   |                |   | 604,803 |   |   |   | 1,244,261 |   |   |   | 1,556,742 |   |
|     General and administrative expenses     |   |                 | 211,178    |   |                |   | 207,839 |   |   |   | 563,131 |   |   |   | 578,450 |   |
| Total operating expenses                                        |   |                 | 643,550    |   |                |   | 812,642 |   |   |   | 1,807,392 |   |   |   | 2,135,192 |   |
|                                                            |   |                 |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
|  Income (loss) from operations                             |   |                 | 348,953    |   |                |   | (19,327 | ) |   |   | 515,058 |   |   |   | 65,261 |   |
|                                                            |   |                 |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
|  Other income (expenses):                                  |   |                 |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Investment income                                               |   |                 | 79,100     |   |                |   | 78,400 |   |   |   | 235,985 |   |   |   | 235,386 |   |
| Interest expense, net                                           |   |                 | (4,826     | )      |                |   | (23,393 | ) |   |   | (37,058 | ) |   |   | (54,602 | ) |
| Other income (expenses)                                         |   |                 | (1,616     | )      |                |   | 183 |   |   |   | (105,402 | ) |   |   | 11,061 |   |
|   Total other income (expenses)                       |   |                 | 72,658     |   |                |   | 55,190 |   |   |   | 93,525 |   |   |   | 191,845 |   |
|                                                            |   |                 |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
|  Income before provision for income taxes                  |   |                 | 421,611    |   |                |   | 35,863 |   |   |   | 608,583 |   |   |   | 257,106 |   |
|                                                            |   |                 |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
|  Provision for income taxes                                |   |                 | 60,834     |   |                |   | 24,205 |   |   |   | 119,244 |   |   |   | 74,916 |   |
|                                                            |   |                 |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
|  Net income                                                |   |                 | 360,777    |   |                |   | 11,658 |   |   |   | 489,339 |   |   |   | 182,190 |   |
|                                                            |   |                 |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Less: Net Income (loss) attributable to noncontrolling interest |   |                 | (2,599     | )      |                |   | (290 | ) |   |   | (2,661 | ) |   |   | 945 |   |
|                                                            |   |                 |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
|  Net income attributable to CHPC                           |   |                 | 363,376    |   |                |   | 11,948 |   |   |   | 492,000 |   |   |   | 181,245 |   |
|                                                            |   |                 |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
|  Other comprehensive income (loss)                         |   |                 |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Foreign currency translation adjustment                         |   |                 | 146,197    |   |                |   | 26,837 |   |   |   | 180,872 |   |   |   | (24,952 | ) |
|                                                            |   |                 |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
|  Comprehensive income                                      |   | $                    | 509,573    |   |                | $      | 38,785 |   |   | $ | 672,872 |   |   | $ | 156,293 |   |
|                                                            |   |                 |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
|  Weighted average number of shares outstanding             |   |                 |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted                                               |   |                 | 12,000,000 |   |                |   | 12,000,000 |   |   |   | 12,000,000 |   |   |   | 12,000,000 |   |
|                                                            |   |                 |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
|  Earnings per share                                        |   |                 |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted                                               |   | $                    | 0.03       |   |                | $      | 0.00 |   |   | $ | 0.04 |   |   | $ | 0.01 |   |
|                                                            |   |                 |       |   |                |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                                    |   | For the Nine Months Ended September 30, |       |
|---------------------------------------------------------------------------------------------------------|--------|-----------------------------------------|------------|
|                                                                                                    |   | 2010                                    |       |   | 2009 |   |
|                                                                                                    |   |                                    |       |   |   |   |
| Cash flows from operating activities:                                                                   |   |                                    |       |   |   |   |
| Net income                                                                                              |   | $                                       | 489,339    |   |   | $ | 182,190 |   |
| Adjustments to reconcile net income to cash provided by                                                 |   |                                    |       |   |   |   |   |   |
|   (used in) operating activities:                                                             |   |                                    |       |   |   |   |   |   |
| Depreciation                                                                                            |   |                                    | 213,829    |   |   |   | 238,453 |   |
| Changes in assets and liabilities:                                                                      |   |                                    |       |   |   |   |   |   |
| Accounts receivable                                                                                     |   |                                    | 193,676    |   |   |   | 135,567 |   |
| Inventories                                                                                             |   |                                    | (449,534   | ) |   |   | (291,240 | ) |
| Advance payments for purchase of inventory                                                              |   |                                    | 5,656,121  |   |   |   | (3,883,992 | ) |
| Dividend receivable                                                                                     |   |                                    | 78,773     |   |   |   | - |   |
| Other receivables                                                                                       |   |                                    | (2,154,503 | ) |   |   | 125,497 |   |
| Other non current assets                                                                                |   |                                    | 956        |   |   |   | 15,358 |   |
| Accounts payable and accrued expenses                                                                   |   |                                    | (832,908   | ) |   |   | 92,260 |   |
| Trade notes payable                                                                                     |   |                                    | (588,400   | ) |   |   | 73,295 |   |
| Customer advances                                                                                       |   |                                    | 509,609    |   |   |   | 503,191 |   |
|              Other current liabilities |   |                                    | 616,042    |   |   |   | 612,217 |   |
| Total adjustments                                                                                       |   |                                    | 3,243,661  |   |   |   | (2,379,394 | ) |
|                                                                                                    |   |                                    |       |   |   |   |   |   |
| Net cash provided by (used in) operating activities                                                     |   |                                    | 3,733,000  |   |   |   | (2,197,204 | ) |
|                                                                                                    |   |                                    |       |   |   |   |   |   |
| Cash flows from investing activities:                                                                   |   |                                    |       |   |   |   |   |   |
|       Dividend receivable                                                 |   |                                    | -          |   |   |   | 78,280 |   |
| Advance payments for purchase of fixed assets                                                           |   |                                    | (2,357,088 | ) |   |   | - |   |
| Acquisition of property and equipment                                                                   |   |                                    | (192,496   | ) |   |   | (411,502 | ) |
| Proceeds from investment income                                                                         |   |                                    | -          |   |   |   | 58,636 |   |
| Investment in non-consolidated entity                                                                   |   |                                    | 208,070    |   |   |   | - |   |
| Payments to noncontrolling interest for ownership buyback                                               |   |                                    | -          |   |   |   | (202,206 | ) |
| Net cash used in investing activities                                                                   |   |                                    | (2,341,514 | ) |   |   | (476,792 | ) |
|                                                                                                    |   |                                    |       |   |   |   |   |   |
| Cash flows from financing activities:                                                                   |   |                                    |       |   |   |   |   |   |
| Restricted cash                                                                                         |   |                                    | 293,947    |   |   |   | (295,601 | ) |
| Proceeds from short-term bank loans                                                                     |   |                                    | (882,600   | ) |   |   | 146,590 |   |
| Repayments of related party loans                                                                       |   |                                    | -          |   |   |   | (492,649 | ) |
| Proceeds from third party loans                                                                         |   |                                    | 3,179,240  |   |   |   | 7,412,373 |   |
| Repayment of long-term bank loan                                                                        |   |                                    | (147,100   | ) |   |   | - |   |
| Net cash provided by financing activities                                                               |   |                                    | 2,443,487  |   |   |   | 6,770,713 |   |
|                                                                                                    |   |                                    |       |   |   |   |   |   |
| Effect of foreign currency translation on cash                                                          |   |                                    | 39,999     |   |   |   | (32,657 | ) |
|                                                                                                    |   |                                    |       |   |   |   |   |   |
| Net increase in cash and cash equivalents                                                               |   |                                    | 3,874,972  |   |   |   | 4,064,060 |   |
|                                                                                                    |   |                                    |       |   |   |   |   |   |
| Cash and cash equivalents – beginning                                                             |   |                                    | 694,620    |   |   |   | 1,034,387 |   |
|                                                                                                    |   |                                    |       |   |   |   |   |   |
| Cash and cash equivalents – ending                                                                |   | $                                       | 4,569,592  |   |   | $ | 5,098,447 |   |
|                                                                                                    |   |                                    |       |   |   |   |   |   |
| Supplemental schedule of non cash activities                                                            |   |                                    |       |   |   |   |   |   |
| Advance payments for investment in non-consolidated entity                                              |   | $                                       | 5,478,442  |   |   | $ | - |   |

----

| Subsidiaries’ names                                                                  | Place of operation     | Registered and paid-up capital | Percentage of effective ownership | Principal activities                                                                                      |
|--------------------------------------------------------------------------------------------|------------------------|--------------------------------|-----------------------------------|-----------------------------------------------------------------------------------------------------------|
|                                                                                       |                   |                           |                              |                                                                                                      |
| Origin Orbit Green Resource Company, Ltd (“Origin Orbit”)                 | British Virgin Islands | US$7,950,000                   | 100% (a)                          | Holding company of the other subsidiaries                                                                 |
| Anyang Prosperous Energy Technology Developing Co., Ltd. (“Anyang Prosperous”) | PRC                    | US$5,000,000                   | 100% (b)                          | Wholesale and retail sales of compressed natural gas and liquefied petroleum gas(“LPG”)  |
| Anyang Top Energy Green Resources Co., Ltd. (“Anyang Top”)                     | PRC                    | US$2,500,000                   | 100% (b)                          | Wholesale of compressed natural gas, liquefied petroleum gas and Dimethyl Ether                      |
| Jinan Zhenyuan Green Resource Co. Ltd. (“Jinan Green Resource”)                | PRC                    | RMB10,000,000                  | 99% (c)                           | Sales of LPG for domestic and vehicles usage and related vehicles components                         |

----

| Subsidiaries’ names                                                                              | Place of operation | Registered and paid-up capital | Percentage of effective ownership | Principal activities                                                                                                                                                                  |
|--------------------------------------------------------------------------------------------------------|--------------------|--------------------------------|-----------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                   |               |                           |                              |                                                                                                                                                                                  |
| Handan City Prosperous Car-used Green Resource Co. Ltd. (“Handan Green Resource”)          | PRC                | RMB750,000                     | 98% (c)                           | Sales of LPG, vehicles components, and new energy research and development                                                                                                       |
| Henan Prosperous Clean Energy Corporation                                                              | PRC                | RMB30,000,000                  | 100%(c)                           | Investing in and constructing gas filling stations and selling compressed natural gas ("CNG"), liquefied petroleum gas ("LPG"), coal-bed methane, dimethyl ether ("DME") and methane. |
| Yangquan Zhenyuan Energy Science & Technology Co. Ltd (“Yangquan Zhenyuan”)            | PRC                | RMB5,000,000                   | 100% (c)                          | Construction of gas stations                                                                                                                                                          |
| Fuyang Prosperous Energy Technology Development Co. Ltd. (“Fuyang Prosperous”)             | PRC                | RMB10,000,000                  | 100% (c)(d)                       | Energy technology research and development                                                                                                                                            |
| Weifang Prosperous Energy Technology Development Co. Ltd. (“Weifang Prosperous”)           | PRC                | RMB10,000,000                  | 100% (c)                          | Energy technology research and development, and sales vehicles components and gas equipment                                                                                           |
| Hengshui Prosperous Energy Technology Development Co. Ltd. (“Hengshui Prosperous”)         | PRC                | RMB2,000,000                   | 100% (c)                          | Gas energy technology research and development                                                                                                                                        |
| Heze Prosperous Energy Technology Development Co. Ltd. (“Heze Prosperous”)                 | PRC                | RMB5,000,000                   | 100% (c)                          | Construction of LPG and CNG station, and sales of vehicle components LPG and CNG                                                                                                      |
| Shijiazhuang Prosperous Energy Technology Development Co. Ltd. (“Shijiazhuang Prosperous”) | PRC                | RMB10,000,000                  | 100% (c)                          | Gas energy technology research, development and advisory services, and  sales of gas energy product                                                                              |
| Xuchang Zhenyuan Green Resource Technology Development Co. Ltd. (“Xuchang Zhenyuan”)       | PRC                | RMB10,000,000                  | 100% (c)                          | Investment in natural gas business                                                                                                                                                    |

----

| Subsidiaries’ names                                                                          | Place of operation | Registered and paid-up capital | Percentage of effective ownership | Principal activities                                                                                                            |
|----------------------------------------------------------------------------------------------------|--------------------|--------------------------------|-----------------------------------|---------------------------------------------------------------------------------------------------------------------------------|
|                                                                                               |               |                           |                              |                                                                                                                            |
| Yantai Prosperous Energy Technology Development Co. Ltd. (“Yantai Prosperous”)         | PRC                | RMB500,000                     | 100% (c)                          | Gas energy technology research and development, and sales vehicle components and gas energy equipment                           |
| Changzhi City Zhenyuan Energy Technology Development Co. Ltd (“Changzhi City”)         | PRC                | RMB4,400,000                   | 100% (c)                          | Sales of crude oil, natural gas, LPG and related vehicle components, and construction of gas stations                           |
| Jiaozuo City Prosperous Energy Technology Development Co. Ltd. (“Jiaozuo City”)        | PRC                | RMB5,000,000                   | 100% (c)                          | Sales of natural gas, liquefied petroleum gas and vehicle components, construction and operation of gas stations                |
| Pingdingshan City Zhenyuan Energy Technology Developing Co. Ltd. (“Pingdingshan City”) | PRC                | RMB5,000,000                   | 100% (c)                          | Energy technology development, sales of natural gas, LPG and vehicle components, and construction and operation of gas stations |
| Linying Prosperous Energy Technology Development Co. Ltd. (“Linyi Prosperous”)         | PRC                | RMB10,000,000                  | 100% (c)                          | Sales of natural gas and vehicle components.                                                                               |
| Jiangsu Hengrun Clean Energy Co., Ltd. ("Jiangsu Hengrun ")                                        | PRC                | RMB20,000,000                  | 100% (c)                          | Research and development of clean energy technology, promotion and application of clean energy technology.                      |

| (a)   | Held directly by CHPC. |
|-----------------|------------------------|

| (b)   | Held indirectly by CHPC through Origin Orbit. |
|-----------------|-----------------------------------------------|

| (c)   | Held indirectly by CHPC through Origin Orbit and Anyang Prosperous. |
|-----------------|---------------------------------------------------------------------|

| (d)   | According to the Companies Law of the PRC, at the incorporation of the investee, shareholders are only required to pay up 20% of the capital contribution requirement as a minimum and can make up the remaining payment in two years. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                      |   | September 30, |      |   | December 31, |   |
|-------------------------------------------|--------|---------------|-----------|--------|--------------|--------|
|                                      |   | 2010          |      |   | 2009         |   |
|                                      |   |          |      |   |         |   |
| Compressed natural gas                    |   | $             | 176,678   |   |         | $      | 65,600 |   |
| Liquefied petroleum gas                   |   |          | 572,916   |   |         |   | 150,384 |   |
| Dimethyl ether                            |   |          | 70,110    |   |         |   | 140,660 |   |
| Vehicle modification components and other |   |          | 202,276   |   |         |   | 196,543 |   |
|                                      |   |          |      |   |         |   |   |   |
| Total                                     |   | $             | 1,021,980 |   |         | $      | 553,187 |   |

|                                  |   | September 30, |      |   | December 31, |   |
|---------------------------------------|--------|---------------|-----------|--------|--------------|--------|
|                                  |   | 2010          |      |   | 2009         |   |
|                                  |   |          |      |   |         |   |
| Inventories                           |   | $             | 1,356,065 |   |         | $      | 6,950,996 |   |
| Property and equipment                |   |          | 5,308,033 |   |         |   | 2,850,981 |   |
| Investment in non-consolidated entity |   |          | -         |   |         |   | 5,482,179 |   |
|                                  |   |          |      |   |         |   |   |   |
| Total                                 |   | $             | 6,664,098 |   |         | $      | 15,284,156 |   |

----

|                                    |   | September 30, |      |   | December 31, |   |
|-----------------------------------------|--------|---------------|-----------|--------|--------------|--------|
|                                    |   | 2010          |      |   | 2009         |   |
|                                    |   |          |      |   |         |   |
| Buildings                               |   | $             | 2,453,004 |   |         | $      | 1,106,703 |   |
| Machinery                               |   |          | 3,245,475 |   |         |   | 3,050,621 |   |
| Office equipment                        |   |          | 18,436    |   |         |   | 72,880 |   |
| Gas storage vehicles and motor vehicles |   |          | 125,671   |   |         |   | 123,153 |   |
| Construction in progress                |   |          | 97,303    |   |         |   | 1,275,523 |   |
|                                    |   |          | 5,939,889 |   |         |   | 5,628,880 |   |
| Less: Accumulated depreciation          |   |          | 1,326,957 |   |         |   | 1,087,117 |   |
|                                    |   |          |      |   |         |   |   |   |
| Total                                   |   | $             | 4,612,932 |   |         | $      | 4,541,763 |   |

----

| Name of investee                                                                    | Place of operation | Percentage of ownership | Principal activities                                                                                                                       |
|-------------------------------------------------------------------------------------|--------------------|-------------------------|--------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                |               |                    |                                                                                                                                       |
| Anyang PetroChina Marketing Company Limited (“Anyang PetroChina”)  | PRC                | 34%                     | Sales of crude oil and refined oil and LPG                                                                                                 |
| Ancai Energy Co.Ltd                                                                 | PRC                | 15%                     | Investment in the construction of long-distance pipeline and delivery networks for natural gas, and pipeline LPG and CNG filling stations. |

----

|             |   | September 30, 2010 |   |   | December 31, 2009 |   |
|------------------|--------|--------------------|--------|--------|-------------------|--------|
|             |   |               |   |   |              |   |
| Accounts payable |   | $                  | -      |   |              | $      | 820,868 |   |
| Accrued expenses |   |               | 2,787  |   |              |   | 12,507 |   |
|             |   |               |   |   |              |   |   |   |
| Total            |   | $                  | 2,787  |   |              | $      | 833,375 |   |

|                                                                       |   | September 30, |   |   | December 31, |   |
|----------------------------------------------------------------------------|--------|---------------|--------|--------|--------------|--------|
|                                                                       |   | 2010          |   |   | 2009         |   |
|                                                                       |   |          |   |   |         |   |
| 6.372% one-year term loan from Bank of  China, maturing on       |   |          |   |   |         |   |
| August 30, 2010 and secured by the company's property and                  |   |          |   |   |         |   |
| equipment. Interest was paid monthly; and 6.372% one-year                  |   |          |   |   |         |   |
| term loan from Bank of  China, maturing on March 24, and secured |   |          |   |   |         |   |
| by the company's Warehouse receipts                                        |   | $             | -      |   |         | $      | 880,200 |   |
|                                                                       |   |          |   |   |         |   |   |   |
| Total                                                                      |   | $             | -      |   |         | $      | 880,200 |   |

----

|                |   | For the Nine Months Ended September 30, |    |
|---------------------|--------|-----------------------------------------|---------|
|                |   | 2010                                    |    |   | 2009 |   |
| Current – PRC |   | $                                       | 119,244 |   |   | $ | 74,916 |   |
| Deferred            |   |                                    | -       |   |   |   | - |   |
| Total               |   | $                                       | 119,244 |   |   | $ | 74,916 |   |

|                                             |   |                             |                                        |
|--------------------------------------------------|--------|----------------------------------|---------------------------------------------|
|                                             |   | Three Months Ended September 30, |                                        |
|                                             |   | 2010                             |                                        |   | 2009 |   |
|                                             |   |                             |                                        |   |   |   |
| Net income attributable to CHPC                  |   | $                                | 363,376                                     |   |   | $ | 11,948 |   |
|                                             |   |                             |                                        |   |   |   |   |   |
| Weighted average common shares                   |   |                             | 12,000,000                                  |   |   |   | 12,000,000 |   |
|  (denominator for basic income per share)   |   |                             |                                        |   |   |   |   |   |
|                                             |   |                             |                                        |   |   |   |   |   |
| Effect of dilutive securities                    |   |                             | -                                           |   |   |   | - |   |
|                                             |   |                             |                                        |   |   |   |   |   |
| Weighted average common shares                   |   |                             | 12,000,000                                  |   |   |   | 12,000,000 |   |
|  (denominator for diluted income per share) |   |                             |                                        |   |   |   |   |   |
|                                             |   |                             |                                        |   |   |   |   |   |
| Basic earnings per share                         |   | $                                | 0.03                                        |   |   | $ | 0.00 |   |
| Diluted earnings per share                       |   | $                                | 0.03                                        |   |   | $ | 0.00 |   |
|                                             |   |                             |                                        |   |   |   |   |   |
|                                             |   |                             |  Nine Months Ended September 30,  |   |
|                                             |   |                             | 2010                                        |   |   |   | 2009 |   |
|                                             |   |                             |                                        |   |   |   |   |   |
| Net income attributable to CHPC                  |   | $                                | 492,000                                     |   |   | $ | 181,245 |   |
|                                             |   |                             |                                        |   |   |   |   |   |
| Weighted average common shares                   |   |                             | 12,000,000                                  |   |   |   | 12,000,000 |   |
|  (denominator for basic income per share)   |   |                             |                                        |   |   |   |   |   |
|                                             |   |                             |                                        |   |   |   |   |   |
| Effect of dilutive securities                    |   |                             | -                                           |   |   |   | - |   |
|                                             |   |                             |                                        |   |   |   |   |   |
| Weighted average common shares                   |   |                             | 12,000,000                                  |   |   |   | 12,000,000 |   |
|  (denominator for diluted income per share) |   |                             |                                        |   |   |   |   |   |
|                                             |   |                             |                                        |   |   |   |   |   |
| Basic earnings per share                         |   | $                                | 0.04                                        |   |   | $ | 0.01 |   |
| Diluted earnings per share                       |   | $                                | 0.04                                        |   |   | $ | 0.01 |   |

----

|                       |   | Nine Months Ended September 30, |    |
|----------------------------|--------|---------------------------------|---------|
|                       |   | 2010                            |    |   | 2009 |   |
|                       |   |                            |    |   |   |   |
| Cash paid for interest     |   | $                               | 37,058  |   |   | $ | 54,602 |   |
| Cash paid for income taxes |   | $                               | 119,244 |   |   | $ | 74,916 |   |

| Period ended September 30, |   |   |      |
|----------------------------|--------|--------|-----------|
| 2011                       |   | $      | 271,294   |   |
| 2012                       |   |   | 246,206   |   |
| 2013                       |   |   | 153,482   |   |
| 2014                       |   |   | 145,334   |   |
| 2015                       |   |   | 134,084   |   |
| Thereafter                 |   |   | 189,059   |   |
|                       |   |   |      |   |
| Total                      |   | $      | 1,139,459 |   |

----

| Contracted but not yet provided for:                      |   |   |      |
|-----------------------------------------------------------|--------|--------|-----------|
| Investment in Fuyang Prosperous as disclosed in Note 1(d) |   | $      | 1,095,200 |   |

| ▪   | Retail sales of Compressed Natural Gas (“CNG”) through operation of CNG filling stations; |
|---------------------|-------------------------------------------------------------------------------------------------------|

| ▪   | Retail sales of Liquefied Petroleum Gas (“LPG”) through operation of LPG filling stations; and |
|---------------------|------------------------------------------------------------------------------------------------------------|

| ▪   | Wholesale of CNG and LPG |
|---------------------|--------------------------|

----

|                                                   |   | For the Nine Months Ended September 30, |       |
|--------------------------------------------------------|--------|-----------------------------------------|------------|
| Revenue from external customers                        |   | 2010                                    |       |   | 2009 |   |
| CNG retail                                             |   | $                                       | 5,383,731  |   |   | $ | 3,151,111 |   |
| LPG retail                                             |   |                                    | 512,438    |   |   |   | 894,972 |   |
| CNG and LPG wholesale                                  |   |                                    | 8,872,819  |   |   |   | 10,500,524 |   |
| Unallocated                                            |   |                                    | 1,954,493  |   |   |   | 2,318,430 |   |
| Consolidated                                           |   | $                                       | 16,723,481 |   |   | $ | 16,865,037 |   |
|                                                   |   |                                    |       |   |   |   |   |   |
|                                                   |   | For the Nine Months Ended September 30, |       |
| Net income                                             |   |                                    | 2010       |   |   |   | 2009 |   |
| CNG retail                                             |   | $                                       | 603,418    |   |   | $ | 224,977 |   |
| LPG retail                                             |   |                                    | (60,391    | ) |   |   | 25,766 |   |
| CNG and LPG wholesale                                  |   |                                    | (328,462   | ) |   |   | (187,539 | ) |
| Unallocated                                            |   |                                    | 277,435    |   |   |   | 118,041 |   |
| Consolidated                                           |   | $                                       | 492,000    |   |   | $ | 181,245 |   |
|                                                   |   |                                    |       |   |   |   |   |   |
|                                                   |   | For the Nine Months Ended September 30, |       |
| Investment income from non-consolidated entities       |   |                                    | 2010       |   |   |   | 2009 |   |
| Consolidated                                           |   | $                                       | 235,985    |   |   | $ | 235,386 |   |
|                                                   |   |                                    |       |   |   |   |   |   |
|                                                   |   | For the Nine Months Ended September 30, |       |
| Interest expenses                                      |   |                                    | 2010       |   |   |   | 2009 |   |
| Consolidated                                           |   | $                                       | (37,058    | ) |   | $ | (54,602 | ) |
|                                                   |   |                                    |       |   |   |   |   |   |
|                                                   |   | For the Nine Months Ended September 30, |       |
| Income before noncontrolling interest and income taxes |   |                                    | 2010       |   |   |   | 2009 |   |
| Consolidated                                           |   | $                                       | 608,583    |   |   | $ | 257,106 |   |
|                                                   |   |                                    |       |   |   |   |   |   |
|                                                   |   | For the Nine Months Ended September 30, |       |
| Segment assets                                         |   |                                    | 2010       |   |   |   | 2009 |   |
| CNG retail                                             |   | $                                       | 2,073,046  |   |   | $ | 1,605,344 |   |
| LPG retail                                             |   |                                    | 67,582     |   |   |   | 64,355 |   |
| CNG and LPG wholesale                                  |   |                                    | 1,390,697  |   |   |   | 1,225,898 |   |
| Unallocated                                            |   |                                    | 27,697,728 |   |   |   | 25,412,736 |   |
| Consolidated                                           |   | $                                       | 31,229,053 |   |   | $ | 28,308,333 |   |
|                                                   |   |                                    |       |   |   |   |   |   |

----

----

----

|                                                                                                                               | September 30, 2010                   | December 31, 2009                    |
|------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------|--------------------------------------|
| Balance sheet items, except for paid-in capital and retained earnings as of the end of period                                      | US$1:RMB6.6800                       | US$1:RMB6.8166                       |
|                                                                                                                               |
|                                                                                                                               | Three months endedSeptember 30, 2010 | Three months endedSeptember 30, 2009 |
| Amounts included in the statements of income, statements of stockholders’ equity and statements of cash flows for the period | US$1:RMB6.7613                       | US$1:RMB6.8399                       |
|                                                                                                                               |
|                                                                                                                               | Nine months endedSeptember 30, 2010  | Nine months endedSeptember 30, 2009  |
| Amounts included in the statements of income, statements of stockholders’ equity and statements of cash flows for the period | US$1:RMB6.7981                       | US$1:RMB6.8432                       |

----

----

|                                     | For the quarter endedSeptember 30, 2010 |          |                 | For the quarter endedSeptember 30, 2009 |      | Changes |   |
|------------------------------------------|-----------------------------------------|---------------|----------------------|-----------------------------------------|-----------|---------|--------|
|                                     | Amount                                  |          | Percentage ofRevenue |                                    |      | Amount  |   | PercentageofRevenue |   | Amount |   | Percentage |   |
|                                     |  $                                 |          | (%)                  |                                    |      | $       |   | (%) |   |  $ |   | $(%) |   |
| Sales                                    | $                                       | 6,739,042     |                 | 100                                     | %         |    |   | 7,443,652 |   | 100 | % | (704,610 |  ) | (9.47 | %) |
|                                     |                                    |          |                 |                                    |      |    |   |   |   |   |   |   |   |   |   |
| Cost of Sales                            |                                    | 5,746,539     |                 | 85.27                                   | %         |    |   | 6,650,337 |   | 89.34 | % | (903,798 | )  | (13.59 | %) |
|                                     |                                    |          |                 |                                    |      |    |   |   |   |   |   |   |   |   |   |
| Gross Profit                             |                                    | 992,503       |                 | 14.73                                   | %         |    |   | 793,315 |   | 10.66 | % | 199,188 |   | 25.11 | % |
|                                     |                                    |          |                 |                                    |      |    |   |   |   |   |   |   |   |   |   |
| Operating Expenses:               |                                    | 643,550       |                 | 9.55                                    | %         |    |   | 812,642 |   | 10.92 | % | (169,092 | )  | (20.81 | %) |
|                                     |                                    |          |                 |                                    |      |    |   |   |   |   |   |   |   |   |   |
| Selling Expenses                         |                                    | 432,372       |                 | 6.42                                    | %         |    |   | 604,803 |   | 8.13 | % | (172,431 | ) | (28.51 | %) |
|                                     |                                    |          |                 |                                    |      |    |   |   |   |   |   |   |   |   |   |
| General & Administrative Expenses    |                                    | 211,178       |                 | 3.13                                    | %         |    |   | 207,839 |   | 2.79 | % | 3,339 |   | 1.61 | % |
|                                     |                                    |          |                 |                                    |      |    |   |   |   |   |   |   |   |   |   |
| Income from Operations                   |                                    | 348,953       |                 | 5.18                                    | %         |    |   | (19,327 | ) | (0.26 | %) | 368,280 |   | 1,905.52 | % |
|                                     |                                    |          |                 |                                    |      |    |   |   |   |   |   |   |   |   |   |
| Other Income (Expenses):          |                                    | 72,658        |                 | 1.08                                    | %         |    |   | 55,190 |   | 0.74 | % | 17,468 |   | 31.65 | % |
|                                     |                                    |          |                 |                                    |      |    |   |   |   |   |   |   |   |   |   |
| Investment Income                        |                                    | 79,100        |                 | 1.17                                    | %         |    |   | 78,400 |   | (1.05 | %) | 700 |   | 0.89 | % |
|                                     |                                    |          |                 |                                    |      |    |   |   |   |   |   |   |   |   |   |
| Interest Expense                         |                                    | (4,827 | )                    | (0.07                            | %)        |    |   | (23,393 | ) | (0.31 | %) | (18,566 | ) | (79.37 | %) |
|                                     |                                    |          |                 |                                    |      |    |   |   |   |   |   |   |   |   |   |
| Other Income (Expenses)                  |                                    | (1,616 | )                    | (0.02                            | %) |    |   | 183 |   |   | % | (1,799 | ) | (983.06 | %) |
|                                     |                                    |          |                 |                                    |      |    |   |   |   |   |   |   |   |   |   |
| Income before Provision for Income Taxes |                                    | 421,611       |                 | 6.26                                    | %         |    |   | 35,863 |   | (0.48 | %) | 385,748 |   | 1,075.61 | % |
|                                     |                                    |          |                 |                                    |      |    |   |   |   |   |   |   |   |   |   |
| Provision for Income Taxes               |                                    | 60,834        |                 | 0.90                                    | %         |    |   | 24,205 |   | 0.33 | % | 36,629 |   | 151.33 | % |
|                                     |                                    |          |                 |                                    |      |    |   |   |   |   |   |   |   |   |   |
| Income before Noncontrolling Interest    |                                    | 360,777       |                 | 5.35                                    | %         |    |   | 11,658 |   | 0.16 | % | 349,119 |   | 2,994.67 | % |
|                                     |                                    |          |                 |                                    |      |    |   |   |   |   |   |   |   |   |   |
| Noncontrolling Interest                  |                                    | (2,599 | )                    | (0.04                            | %) |    |   | (290 |  ) |   | % | 2,309 |   | 796.28 | % |
|                                     |                                    |          |                 |                                    |      |    |   |   |   |   |   |   |   |   |   |
| Net Income                               |                                    | 363,376       |                 | 5.39                                    | %         |    |   | 11,948 |   | 0.16 | % | 351,428 |   | 2,941.32 | % |
|                                     |                                    |          |                 |                                    |      |    |   |   |   |   |   |   |   |   |   |
| Foreign Currency Translation Adjustment  |                                    | 146,197       |                 | 2.17                                    | %         |    |   | 26,837 |   | 0.36 | % | 119,360 |   | 444.76 | % |
|                                     |                                    |          |                 |                                    |      |    |   |   |   |   |   |   |   |   |   |
| Total Comprehensive Income               |                                    | 509,573       |                 | 7.56                                    | %         |    |   | 38,785 |   | 0.52 | % | 470,788 |   | 1,213.84 | % |
|                                     |                                    |          |                 |                                    |      |    |   |   |   |   |   |   |   |   |   |

----

|                                     |   |              | For the nine months |   |                  |   |  For the nine months |           |    |           | Changes    |   |
|------------------------------------------|--------|-------------------|---------------------|--------|-----------------------|--------|---------------------------|----------------|---------|----------------|------------|--------|
|                                     |   |              | ended               |   |                  |   |  ended               |           |    |           |       |   |   |   |   |   |   |   |   |
|                                     |   |              | September 30, 2010  |   |                  |   | September 30, 2009        |           |    |           |       |   |   |   |   |   |   |   |   |
|                                     |   |              | Amount              |   |                  |   | PercentageofRevenue       |           |    |           | Amount     |   |   |   |   |   | PercentageofRevenue |   |   |   | Amount |   |   |   |   Percentage |   |   |   |   |
|                                     |   |              | $                   |   |                  |   |                      |           |    |           | $          |   |   |   |   |   |   |   |   |   | $ |   |   |   | (%) |   |   |   |   |
|                                     |   |              |                |   |                  |   |                      |           |    |           |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Sales                                    |   |              | 16,723,481          |   |                  |   | 100.00                    | %              |    |           | 16,865,037 |   |   |   |   |   | 100.00 | % |   |   | (141,556 | ) |   |   | (0.84 | %) |   |   |   |
|                                     |   |              |                |   |                  |   |                      |           |    |           |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cost of Sales                            |   |              | 14,401,031          |   |                  |   | 86.11                     | %              |    |           | 14,664,584 |   |   |   |   |   | 86.95 | % |   |   | (263,553 | ) |   | (1.80 | %)  |   |   |   |
|                                     |   |              |                |   |                  |   |                      |           |    |           |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross Profit                             |   |              | 2,322,450           |   |                  |   | 13.89                     | %              |    |           | 2,200,453  |   |   |   |   |   | 13.05 | % |   |   | 121,997 |   |   |   | 5.54 |   |   |   |   |
|                                     |   |              |                |   |                  |   |                      |           |    |           |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating Expenses:               |   |              | 1,807,392           |   |                  |   | 10.81                     | %              |    |           | 2,135,192  |   |   |   |   |   | 12.66 | % |   |   | (327,800 | ) |   |   | (15.35 | %)  |   |   |   |
|                                     |   |              |                |   |                  |   |                      |           |    |           |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Selling Expenses                         |   |              | 1,244,261           |   |                  |   | 7.44                      | %              |    |           | 1,556,742  |   |   |   |   |   | 9.23 | % |   |   | (312,481 | ) |   | (20.07 | %)  |   |   |   |
|                                     |   |              |                |   |                  |   |                      |           |    |           |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| General & Administrative Expenses    |   |              | 563,131             |   |                  |   | 3.37                      | %              |    |           | 578,450    |   |   |   |   |   | 3.43 | % |   | (15,319 | )  |   | (2.65 | %)  |   |   |   |
|                                     |   |              |                |   |                  |   |                      |           |    |           |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income from Operations                   |   |              | 515,057             |   |                  |   | 3.08                      | %              |    |           | 65,261     |   |   |   |   |   | 0.39% | % |   |   | 449,796 |   |   |   | 689.23 | %  |   |   |   |
|                                     |   |              |                |   |                  |   |                      |           |    |           |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Income (Expenses):          |   |              | 93,525              |   |                  |   | 0.56                      | %              |    |           | 191,845    |   |   |   |   |   | 1.14% | % |   | (98,320 |  )  |   |   | (51.25 | %)  |   |   |   |
|                                     |   |              |                |   |                  |   |                      |           |    |           |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment Income                        |   |              | 235,985             |   |                  |   | 1.41                      | %              |    |           | 235,386    |   |   |   |   |   | 1.40% | % |   |   | (599 | ) |   |   | 0.25 | % |   |   |   |
|                                     |   |              |                |   |                  |   |                      |           |    |           |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest Expense                         |   | (37,058 )  |                |   | (0.22 %)       |   |                      | (54,602 | )  |           |       |   | (0.32 | %)  |   | (17,544 | )  |   | (32.13 | %)  |   |   |   |
|                                     |   |              |                |   |                  |   |                      |           |    |           |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Income (Expenses)                  |   | (105,402 ) |                |   | (0.63  %) |   |                      |           | 11,061  |           |       |   |   |   | 0.07 | % |   |   | (116,463 | ) |   |   | 1,052.92 | %  |   |   |   |
|                                     |   |              |                |   |                  |   |                      |           |    |           |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income before Provision for Income Taxes |   |              | 608,583             |   |                  |   | 3.64                      | %              |    |           | 257,106    |   |   |   |   |   | 1.52 | % |   |   | 351,477 |   |   |   | 136.70 | % |   |   |   |
|                                     |   |              |                |   |                  |   |                      |           |    |           |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Provision for Income Taxes               |   |              | 119,244             |   |                  |   | 0.71                      | %              |    |           | 74,916     |   |   |   |   |   | 0.44 | % |   |   | 44,328 |   |   |   | 59.17 | %  |   |   |   |
|                                     |   |              |                |   |                  |   |                      |           |    |           |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income before Noncontrolling interest    |   |              | 489,339             |   |                  |   | 2.93                      | %              |    |           | 182,190    |   |   |   |   |   | 1.08 | % |   |   | (307,149 | ) |   |   | 168.59 | %  |   |   |   |
|                                     |   |              |                |   |                  |   |                      |           |    |           |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Noncontrolling Interest                  |   | (2,661 )   |                |   | (0.02  %) |   |                      |           | 945     |           |       |   |   |   | 0.01 | % |   |   | (3,606 | ) |   |   | (381.59 | %)  |   |   |   |
|                                     |   |              |                |   |                  |   |                      |           |    |           |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Income                               |   |              | 492,000             |   |                  |   | 2.94                      | %              |    |           | 181,245    |   |   |   |   |   | 1.07 | % |   |   | 310,755 |   |   |   | 171.46 | %  |   |   |   |
|                                     |   |              |                |   |                  |   |                      |           |    |           |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Foreign Currency Translation Adjustment  |   |              | 180,872             |   |                  |   | 1.08                      | %              |    | (24,952 | )     |   |   |   | (0.15 | %)  |   |   | 205,824 |   |   |   | 824.88 | %  |   |   |   |
|                                     |   |              |                |   |                  |   |                      |           |    |           |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Comprehensive Income               |   |              | 672,872             |   |                  |   | 4.02                      | %              |    |           | 156,,293   |   |   |   |   |   | 0.93 | % |   |   | 516,579 |   |   |   | 330.52 | %  |   |   |   |

----

|                                |   | For the quarter endedSeptember 30 2010 |      |   | For the quarter endedSeptember 30 2009 |   |      | Change inPercentage (%) |   |
|-------------------------------------|--------|----------------------------------------|-----------|--------|----------------------------------------|--------|-----------|-------------------------|--------|
| Sales                               |   | $                                      | 6,739,042 |   |                                   | $      | 7,443,652 |                    |   | (9.47%) |   |
| Net income                          |   | $                                      | 363,376   |   |                                   | $      | 11,948    |                    |   |   | 2,941.32 | % |
| Net Income as a percentage of sales |   | $                                      | 5.40      | %      |                                   | $      | 0.16      | %                       |   |   | 5.24 | % |

| 1)   | The sales of our three LPG stations decrease by 75.34%,which was affected by energy policies and the LPG taxis being out of the market. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------|

| 2)   | Although customers affected by economic crisis in 2009 were being in recovery, LPG wholesale business still declined by 19.59% compared with the same quarter of last year. Meanwhile, we are trying to develop the market. The growth rate increased by 56.44% and 26.95% compared with the first quarter and second quarter,respectively. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1)   | The CNG retail business market continued to expand with strong profitability, resulting in the increase of gross profit.                                                                                  |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2)   | Pipe project of Shijiazhuang City was put into operation during this quarter, whose net income accounted for 18.32% of the consolidated net income, resulting in the increase of consolidated net income. |
| 3)   | Along with the decline of LPG wholesale business, the related variable expense -- transportation expenses also decreased 82% at the same time.                                                            |

----

| Items         |   | For thequarterended September30, 2010 ($) |      |   | Percentage(%) |   |   | For thequarterended September30, 2009 ($) |   |   | Percentage(%) |   |   | Change inAmount ($) |   |   | Change InPercentage (%) |   |
|---------------|--------|-------------------------------------------|-----------|--------|---------------|--------|--------|-------------------------------------------|--------|--------|---------------|--------|--------|---------------------|--------|--------|------------------------------|--------|
| CNG retail    |   |                                      | 2,621,236 |   |          |   | 38.90  | %                                         |   |   | 980,738       |   |   |                | 13.18  | %      |                         |   | 1,640,498 |   |   |   | 167.27 | % |
| CNG wholesale |   |                                      | -         |   |          |   | -      | %                                         |   |   | 3,373         |   |   |                | 0.05   | %      |                         |   | (3,373 | ) |   |   | (100.00 | %) |
| LPG retail    |   |                                      | 214,483   |   |          |   | 3.18   | %                                         |   |   | 359,107       |   |   |                | 4.82   | %      |                         |   | (144,624 | ) |   |   | (40.27 | %) |
| LPG wholesale |   |                                      | 3,806,563 |   |          |   | 56.49  | %                                         |   |   | 4,734,210     |   |   |                | 63.60  | %      |                         |   | (927,647 | ) |   |   | (19.59 | %) |
| Others        |   |                                      | 96,760    |   |          |   | 1.44   | %                                         |   |   | 1,366,224     |   |   |                | 18.35  | %      |                         |   | (1,269,464 | ) |   |   | (92.92 | % |
| TOTAL         |   |                                      | 6,739,042 |   |          |   | 100.00 | %                                         |   |   | 7,443,652     |   |   |                | 100.00 | %      |                         |   | (704,610 | ) |   |   | (9.47 | %) |

| 1)   | Pursuant to the "The Guideline Catalog of Industrial Structure Adjustment (2007)"  issued by National Development and Reform Commission (NDRC) new and clean energy vehicles were officially listed among the “encouraged products” and CNG/petroleum dual-fuel automobiles, a major type of clean energy vehicles,  are staged for full promotion by NDRC, which lead to the significant increase in our CNG retail sales; |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2)   | In July 2010, a filling station of Anyang was put into operation, resulting in increase in sales. |
|----------------|---------------------------------------------------------------------------------------------------|

| 3)   | After one year’s operation in Jiaozuo City, Jiaozuo company strengthened cooperation with opponent and unified the price to avoid vicious competition among each other, making the company step into a healthy operation track,which caused the sales increased by 21.85% comparesd the same quarter of last year.  |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Gross Margin  |   | 2010   |   |   | 2009   |   |   | Comparisons |   |
|---------------|--------|--------|--------|--------|--------|--------|--------|-------------|--------|
| TOTAL         |   |   | 14.73% |   |   |   | 10.66% |        |   |   | 4.07% |   |
| CNG Retail    |   |   | 36.65% |   |   |   | 34.80% |        |   |   | 1.85% |   |
| CNG Wholesale |   |   |   |   |   |   | 35.49% |        |   |   | (100.00%) |   |
| LPG Retail    |   |   | 16.07% |   |   |   | 21.53% |        |   |   | (5.46%) |   |
| LPG Wholesale |   |   | 1.08%  |   |   |   | 7.07%  |        |   |   | (5.99%) |   |

| Quarter Ended September 30 |   | Retail LPG(per ton) |   |   | Wholesale LPG(per ton) |    |                                             | CNG(per cube) |   |
|----------------------------|--------|---------------------|--------|--------|------------------------|---------|--------------------------------------------------|---------------|--------|
| 2009                       |   |  $             | 603.53 |   |                   | $       | 493.52                                           |          |   |  $ | 0.30 |   |
| 2010                       |   |  $             | 681.97 |   |                   |  $ |        596.48 |          |   |  $ | 0.32 |   |

----

----

| a)   | We will continue building new CNG filling stations as to expand our market share, such as Linying mother station that was completed in September 2010, equipment installation teating for which is under way. The second gas station  in Changzhi is being built and will be completed by the end of 2010; |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b)   | The Company will take proper measures to reduce fluctuations in the COS. These measures includes: centralized purchasing to obtain lower prices of raw materials, maintaining long-term stable cooperative relations with the existing gas source suppliers, increasing the development of new gas suppliers, and solving gas supply problems and reducing the cost of sales by way of joint venture and self-built CNG mother stations. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c)   | We are also looking forward to reorganization and optimization of existing management processes, improvement of internal management, increase management efficiency and reduction of administrative costs, which will lead to the increase of our profits. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Cash provided by (used in):  |   | Nine months ended September 30,2010 |       |   | Nine months ended September 30,2009 |     |       | Change |   |
|-----------------------------------|--------|------------------------------------------|------------|--------|------------------------------------------|----------|------------|--------|--------|
|                              |   |                                     |       |   |                                     |     |       | Amount |   |   | Percentage |   |
|                              |   | ($)                                      |       |   | ($)                                      |     |       | ($)    |   |   | (%) |   |
| Operating Activities              |   |                                     | 3,733,000  |   |                                     |     | (2,197,204 | )      |   |   | 5,930,204 |   |   |   | 270 | % |
|                              |   |                                     |       |   |                                     |   |       |   |   |   |   |   |   |   |   |
| Investing Activities              |   |                                     | (2,341,514 | )      |                                     |     | (476,792   | )      |   |   | (1,864,722 | ) |   |   | 391 | % |
|                              |   |                                     |       |   |                                     |   |       |   |   |   |   |   |   |   |   |
| Financing Activities              |   |                                     | 2,443,487  |   |                                     |     | 6,770,713  |   |   | (4,327,226) |   |   |   | (63.91 | %) |

| 1)  | The customers of payment in advance reduced. on December 9, 2009, Anyang Prosperous acquired 15% of the shares of Henan Ancai Energy Co., Ltd. Payment in advance of the purchasement was turned into the investment after finishing the acquire procedure in 2010. |
|----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|     |                                                                                                                                                                                                                                                                |
| 2)  | Payment advances from customers;                                                                                                                                                                                                                                    |
|     |                                                                                                                                                                                                                                                                |
| 3)       | Increased in Net Income.                                                                                                                                                                                                                                            |

----

|                |   | For the Three Months |   |
|---------------------|--------|----------------------|--------|
|                |   | Ended September 30,  |   |
|                |   | 2010                 |   |   | 2009 |   |
|                |   |                 |   |   |   |   |
| Current – PRC |   | $                    | 60,834 |   |   | $ | 24,205 |   |
|                |   |                 |   |   |   |   |   |   |
| Deferred            |   | $                    | 60,834 |   |   | $ | 24,205 |   |

----

----

----

| Exhibit No. |   | Description                                                                                             |
|------------------|--------|---------------------------------------------------------------------------------------------------------|
|             |   |                                                                                                    |
| 3.1              |   | Articles of Incorporation (1)                                                                           |
|             |   |                                                                                                    |
| 3.2              |   | Bylaws (1)                                                                                              |
|             |   |                                                                                                    |
| 10.1             |   | Affiliate Stock Purchase Agreement between Walter Brenner and Oracular Dragon Capital Company, Ltd. (2) |
|             |   |                                                                                                    |
| 10.2             |   | Affiliate Stock Purchase Agreement between Horst Balthes and Oracular Dragon Capital Company, Ltd.(2)   |

| 10.3   |   | Non-Affiliate Stock Purchase Agreement (2)                                                                  |
|--------|--------|-------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                        |
| 10.4   |   | Share Exchange Agreement, dated June 30, 2008, between Company and Oracular Dragon Capital Company, Ltd.(3) |
|   |   |                                                                                                        |
| 31.1   |   | Section 302 Certificate of Chief Executive Officer *                                                        |
|   |   |                                                                                                        |
| 31.2   |   | Section 302 Certificate of Chief Financial Officer *                                                        |
|   |   |                                                                                                        |
| 32.1   |   | Section 906 Certificate of Chief Executive Officer *                                                        |
|   |   |                                                                                                        |
| 32.2   |   | Section 906 Certificate of Chief Financial Officer *                                                        |

| Date: November 12, 2010 | CHINA PROSPEROUS CLEAN ENERGY CORPORATION                             |
|-------------------------|-----------------------------------------------------------------------|
|                    |                                                                  |
|                    | /s/Hongjie Zhou          |
|                    |   Hongjie Zhou                                              |
|                    |  Acting Chief Financial Officer                                  |

----