FORM 10-KSB

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.   20549



|[ x ] | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended - June 30, 2004
|----- | ------------------------------------------------------------------------------------------------------------------------------
|OR    |                                                                                                                               
|      |                                                                                                                               
|[   ] | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from       

Commission file number 000-50120

ZEOLITE MINING CORPORATION



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

:2/F Hang Wei Bldg.
Road 2
North Hi-Tech Park 
Shenzhen, Guangdong
Peoples Republic of China
(Address of principal executive offices, including zip code.)

(86755)26994588
(telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

| |                     |                                          
| | ------------------- | -----------------------------------------
| | Title of each class | Name of each exchange on which registered
| | None                | None                                     

Securities registered pursuant to Section 12(g) of the Act:

| |                     |             
| | ------------------- | ------------
| | Title of each class | Common Stock

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





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Check if there is no disclosure of delinquent filers in response to Item 405 of Regulation S-B is not contained in this form, and no disclosure will be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by referenced in Part III of this Form 10-KSB or any amendment to this Form 10-KSB [   ]

State issuer's revenues for its most fiscal year June 30, 2004: $-0-.

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was sold, or the average bid and asked price of such common equity.  As of October 8, 2004, the value was $20,010,000.

State the number of shares outstanding of each of the issuer's classes of common equity, as of October 8, 2004: 15,000,000

We make forward-looking statements in this document.  Our forward-looking statements are subject to risks and uncertainties.  You should note that many factors, some of which are described in this section or discussed elsewhere in this document, could affect our company in the future and could cause our results to differ materially from those expressed in our forward-looking statements.  Forward-looking statements include those regarding our goals, beliefs, plans or current expectations and other statements regarding matters that are not historical facts.  For example, when we use the words "believe," "expect," "anticipate" or similar expressions, we are making forward-looking statements.  We are not required to release publicly the results of any revisions to these forward-looking statements we may make to reflect future events or circumstances.





















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PART I

General

We were incorporated in the State of Nevada on October 5, 2000.  After the completion of our public offering we explored for zeolite on our property.  We maintain our statutory registered agent's office at 6100 Neil Road, Suite 500, Reno Nevada 89511and our business office is located at :2/F, Hang Wei Bldg., Road 2, North Hi-Tech Park, Shenzhen, Guangdong, Peoples Republic of China.  Our telephone number is (86755)26994588.

We began operations on September 2002.  We did not have enough money to complete our exploration projects.  We explored raw undeveloped land and had insufficient capital to determine it there was mineralized material on our property.  Our board of directors has determined that it is unfeasible to raise additional money.  We suspended and ceased operations.

On August 12, 2004, we entered into a Stock Exchange Agreement and Plan of Reorganization with our principal shareholders, Alan Brandys and Douglas Hopper; Global National Communications Corporation, a British Virgin Island corporation ("Global"); and, all of the shareholders of Global ("Global Shareholders") wherein we agreed to issue to the Global Shareholders 9,800,000 restricted shares of common stock in exchange for all of the issued and outstanding shares of Global owned by the Global Shareholders.

Further, we issued 1,450,000 restricted shares of common stock to Yarek Bartosz; 1,300,000 restricted shares of common stock to Lucky Ocean Group Ltd.; 1,000,000 shares of common stock to Maple Leaf Enterprises; and, 312,000 restricted shares of common stock to Wilfred Yu (collectively that "Investor Shareholders").  500,000 of the shares issued to the Investor Shareholders will be placed in escrow.  The 500,000 shares will be released to the Investor Shareholders if we, through the efforts of the Investor Shareholders, obtain a commitment for qualified financing within 60 days of Closing.  Qualified financing means a cash investment of at least $2,000,000 in we in consideration of common stock or preferred stock to be issued by us with a minimum price per share of $1.00.  In the event that Investor Shareholders do not obtain a commitment for at least $2,000,000 within 60 days of Closing, then Global Shareholders will receive the 500,000 escrowed shares in consideration of $1.00.

In addition, Messrs. Brandys and Hopper  returned 5,000,0000 of our shares of common stock owned by them to the company treasury and the shares were cancelled.

After the exchange was completed there were 15,000,000 shares of our common stock outstanding.  1,138,000 shares are free trading and 13,862,000 shares are restricted securities as that term is defined in Rule 144 of the Securities Act of 1933, as amended.

At closing Mr.  Brandys was replaced as president, principal executive officer, treasurer, principal accounting officer, and principal financial officer and Wang Hanqing was be appointed president and chief executive officer and Wu Wenbin was appointed treasurer and chief financial officer.  Also, Mr.  Hopper was replaced by Peng Xiaoyan as secretary.





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Global National Communications Corp.  (GNCC)

Global National Communications Corporation, through its wholly owned subsidiary Guonuo (Shenzhen) Industrial Co.  Ltd., a high tech enterprise, established in Shenzhen, China, in May 1998, is primarily engaged in electrical power monitoring systems and information technology consumer electronic products.  GNCC is a participator in the formulation of industrial standards for the power sector in China.  GNCC has achieved large scale production with one system and four project products by applying digital control and power line carrier spread spectrum technology.  In 2001, the State Economic and Trading Commission recognized GNCC's power system CGZ096-IJ as a national key new product project.

GNCC is located in Shenzhen China, on the coast of the South Sea along Guangdong Province, China.  Shenzhen is the largest high tech industry and free trade zone in China.  GNCC began in the processing and production of electronic products, expanding into the fields of personal computers, communications and consumer electronic products.  The present business mode is a combination of OEM processing and the manufacturing of GNCC brand products.  OEM is an original equipment manufacturer, which is a misleading term for a company that has a special relationship with computer producers.  OEMs buy computers in bulk and customize them for a particular application.  They then sell the customized computer under their own name.

Products

GNCC customizes circuit boards in personal computers mainboards, display cards, network interface cards, board cards for a variety of electrical appliances and board cards for mobile phones.  GNCC is also involved in research and development, production and sales of electrical power line information management system products.  GNCC search and production of communication products including PHS and internet protocol circuit simulators; consumer electronics including MP3 players, digital television set up boxes, etc.; and, OEM processing.

GNCC has released MP3 players and little smart city-phone into the retail market.   Management believes the largest product growth anticipated for the future is the PHS cell phones manufacturing and distribution.

Production/ Manufacturing

GNCC currently has 116 sets of production equipment of various kinds, ten patch lines, five insertion lines, three testing lines, and four assembly lines.  In December 1998, GNCC successfully obtained ISO9002 certificate issued by SGS.  On January 9, 2002 it passed ISO9001 certification by U.K BSI Certification Company.

Doing Business in China

The Chinese Legal System

The practical effect of the People's Republic of China legal system on our business operations in China can be viewed from two separate but intertwined considerations.  First, as a matter of substantive law, the Foreign Invested Enterprise laws provide significant protection from government interference.  In addition, these laws guarantee the full enjoyment of the benefits of corporate Articles and contracts to Foreign Invested Enterprise participants.  These laws, however, do impose standards concerning corporate formation and governance, which are not qualitatively different from the general corporation laws of the several states.  Similarly, the People's Republic of China accounting laws mandate accounting practices, which are not consistent with US Generally Accepted Accounting Principles.  The China accounting laws require that an annual "statutory





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audit" be performed in accordance with People's Republic of China accounting standards and that the books of account of Foreign Invested Enterprises are maintained in accordance with Chinese accounting laws.  Article 14 of the People's Republic of China Wholly Foreign-Owned Enterprise Law requires a Wholly Foreign-Owned Enterprise to submit certain periodic fiscal reports and statements to designate financial and tax authorities, at the risk of business license revocation.

Second, while the enforcement of substantive rights may appear less clear than United States procedures, the Foreign Invested Enterprises and Wholly Foreign- Owned Enterprises are Chinese registered companies which enjoy the same status as other Chinese registered companies in business-to-business dispute resolution.  Because the terms of the respective Articles of Association provide that all business disputes pertaining to Foreign Invested Enterprises are to be resolved by the Arbitration Institute of the Stockholm Chamber of Commerce in Stockholm, Sweden applying Chinese substantive law, the Chinese minority partner in our joint venture companies will not assume a privileged position regarding such disputes.  Any award rendered by this arbitration tribunal is, by the express terms of the respective Articles of Association, enforceable in accordance with the "United  Nations  Convention on the Recognition and Enforcement of Foreign Arbitral Awards (1958)." Therefore, as a practical matter, although no assurances can be given, the Chinese legal infrastructure, while different in operation from its United States counterpart, should not present any significant impediment to the operation of Foreign Invested Enterprises.

Economic Reform Issues

Although the Chinese government owns the majority of productive assets in China, in the past several years the government has implemented economic reform measures that emphasize decentralization and encourage private economic activity.  Because these economic reform measures may be inconsistent or ineffectual, there are no assurances that:



|- | We will be able to capitalize on economic reforms;                                  
|- | ------------------------------------------------------------------------------------
|- | The Chinese government will continue its pursuit of economic reform policies;       
|- | The economic policies, even if pursued, will be successful;                         
|- | Economic policies will not be significantly altered from time to time; and          
|- | Business operations in China will not become subject to the risk of nationalization.

Negative impact upon economic reform policies or nationalization could result in a total investment loss in our common stock.

Since 1979, the Chinese government has reformed its economic systems.  Because many reforms are unprecedented or experimental, they are expected to be refined and improved.  Other political, economic and social factors, such as political changes, changes in the rates of economic growth, unemployment or inflation, or in the disparities in per capita wealth between regions within China, could lead to further readjustment of the reform measures.  This refining and readjustment process may negatively affect our operations.





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Over the last few years, China's economy has registered a high growth rate.  Recently, there have been indications that rates of inflation have increased.  In response, the Chinese government recently has taken measures to curb this excessively expansive economy.  These measures have included devaluations of the Chinese currency, the renminbi, restrictions on the availability of domestic credit, reducing the purchasing capability of certain of its customers, and limited re-centralization of the approval process for purchases of some foreign products.  These austerity measures alone may not

succeed in slowing down the economy's excessive expansion or control inflation, and may result in severe dislocations in the Chinese economy.  The Chinese government may adopt additional measures to further combat inflation, including the establishment of freezes or restraints on certain projects or markets.

To date reforms to China's economic system have not adversely impacted our operations and are not expected to adversely impact operations in the foreseeable future; however, there can be no assurance that the reforms to China's economic system will continue or that we will not be adversely affected by changes in China's political, economic, and social conditions and by changes in policies of the Chinese government, such as changes in laws and regulations, measures which may be introduced to control inflation, changes in the rate or method of taxation, imposition of additional restrictions on currency conversion and remittance abroad, and reduction in tariff protection and other import restrictions.

Competition

The OEM industry is extremely competitive.  Our major competitors are other OEM companies.  These companies tend to have stronger financial strength and have established market share.  We might or might not be able to compete against these companies on an on-going basis.

Employees and employment agreements

At present, we have no employees, other than our officers and directors.

Risk Factors

1. Because our auditors have issued a going concern opinion and because our officers and directors will not loan any money to us, we may not be able to achieve our objectives and may have to suspend or cease operations.
2. Because our officers and directors own more than 50% of the outstanding shares.  they will be able to decide who will be directors and you may not be able to elect any directors.





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1. Unexpected changes in economic, political and legal conditions in China may have an adverse effect on our business
2. Currency exchange rate fluctuations could adversely affect our financial results.
3. Industry demand for skilled employees, particularly engineering and technical personnel, exceeds the number of personnel available.
4. Because there is a limited  public trading market for our common stock, you may not be able to resell your stock.
5. Because the SEC imposes additional sales practice requirements on brokers who deal in our shares that are penny stocks, some brokers may be unwilling to trade them. This means that you may have difficulty reselling your shares and this may cause the price of the shares to decline.





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1. NASD sales practice requirements may limit a stockholder's ability to buy and sell our stock.

ITEM 2.     DESCRIPTION OF PROPERTIES.

Our administrative office is located at :2/F, Hang Wei Bldg., Road 2, North Hi-Tech Park, Shenzhen, Guangdong, Peoples Republic of China.  Our telephone number is (86755)26994588.

ITEM 3.     LEGAL PROCEEDINGS.

We are not a party to any pending litigation and none is contemplated or threatened.

ITEM 4.     SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

There were no matters submitted to the shareholders in 2004.

PART II

ITEM 5.     MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDERS MATTERS.

An extremely limited market exists for our securities and there is no assurance that a regular trading market will develop, or if developed, that it will be sustained.  Our shares were listed for trading on the Bulletin Board owned by the National Association of Securities Dealers, Inc. on October 15, 2003, under the symbol "ZEOM."  As trading is thin and sporadic, a shareholder may therefore be unable to resell the securities referred to herein should he or she desire to do so.  Furthermore, it is unlikely that a lending institution will accept our securities as pledged collateral for loans unless a regular trading market develops.

At October 8, 2004, we had 92 shareholders of record of our common stock, including shares held by brokerage clearing houses, depositories or otherwise in unregistered form. The beneficial owners of such shares are not known to us. The table shows the high and low bid price of our stock for 2003 and 2004 since trading began on October 15, 2003:





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|Quarter ended |       |      
|------------- | ----- | -----
|2003          |       |      
|December 31   | $0.10 | $0.10
|              |       |      
|2004          |       |      
|March 31      | $0.15 | $0.10
|June 30       | $0.30 | $0.15

The shares trade infrequently.  There is usually a large gap between the bid and the offer price.  If there is no bid or the bid is well below your purchase price you may suffer a loss of liquidity of your investment. The Company and  its affiliates do not make or arrange any market for the Company's shares.

There are no plans, proposals, arrangements or understandings with any person with regard to the development of a trading market in any of our securities.

We have no outstanding options or warrants, or other securities convertible into, common equity.   15,000,000 shares of common stock are currently outstanding of which 13,862,000 shares are restricted securities and may only be resold in compliance with Rule 144 of the Securities Act of 1933.

Dividends

We have not declared any cash dividends, nor do we intend to do so. We are not subject to any legal restrictions respecting the payment of dividends, except that they may not be paid to render us insolvent.  Dividend policy will be based on our cash resources and needs and it is anticipated that all available cash will be needed for our operations in the foreseeable future.

Section 15(g) of the Securities Exchange Act of 1934

Our company's shares are covered by Section 15(g) of the Securities Exchange Act of 1934, as amended that imposes additional sales practice requirements on broker/dealers who sell such securities to persons other than established customers and accredited investors (generally institutions with assets in excess of $5,000,000 or individuals with net worth in excess of $1,000,000 or annual income exceeding $200,000 or $300,000 jointly with their spouses). For transactions covered by the Rule, the broker/dealer must make a special suitability determination for the purchase and have received the purchaser's written agreement to the transaction prior to the sale. Consequently, the Rule may affect the ability of broker/dealers to sell our securities and also may affect your ability to sell your shares in the secondary market.

Section 15(g) also imposes additional sales practice requirements on broker/dealers who sell penny securities. These rules require a one page summary of certain essential items. The items include the risk of investing in penny stocks in both public offerings and secondary marketing; terms important to in understanding of the function of the penny stock market, such as "bid" and "offer" quotes, a dealers "spread" and broker/dealer compensation; the broker/dealer compensation, the broker/dealers duties to its customers, including the disclosures required by any other penny stock disclosure rules; the customers rights and remedies in causes of fraud in penny stock transactions; and, the NASD's toll free telephone number and the central number of the North American Administrators Association, for information on the disciplinary history of broker/dealers and their associated persons.





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Securities authorized for issuance under equity compensation plans

We do not have and equity compensation plans and accordingly we have no securities authorized for issuance thereunder.

ITEM 6.     MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION, LIQUIDITY, CAPITAL  AND RESULT OF OPERATIONS.

Financial Condition, Liquidity and Capital Resources

Our company is engaged in exploration of our property.  Our company's principal capital resources have been acquired through issuance of common stock and from shareholder loans.

On June 15, 2002, we completed our public offering by raising $113,800, we sold 1,138,000 shares of our common stock at an offering price of ten cents per share.

At June 30, 2004, we had positive working capital of $29,822 compared to working capital of $50,185 at June 30, 2003.  This change is the result of the funds raised from our public offering less the expense of legal and professional fees.

At June 30, 2004, our total assets of $62,881 consisted of cash.  This compares with our assets at June 30, 2003 of $78,027.

At June 30, 2004, our total liabilities were $33,059 compared to $27,842 at June 30, 2003.

We have not had revenues from inception.  Although there may be insufficient capital to fully explore and develop our property, we expect to survive with funding from sales of our securities and, as necessary, or from shareholder loans.

Our company has no long-term debt and does not regard long-term borrowing as a good, prospective source of financing.

We will not be conducting any product research or development, we do not expect to purchase or sell any significant equipment, and we do not expect any significant changes in the number of our employees

We believe we can satisfy our cash requirement until December 2004 and will have to raise additional cash thereafter.

We have inadequate cash reserves to maintain our offices and operations during the next twelve months ending June 30, 2005.  At June 30, 2004, we have working capital of $29,822 and expenses of $20,363 in fiscal 2003.  The ability of our company to carry on as a going concern will therefore depend on the ability of management to secure additional capital in the near future.

Our company posted net losses of $20,363 for the year ending June 30, 2004.  The principal components of the loss were legal and professional fees, cost of exploration and general and administrative expenses.

Operating expenses for the year ending June 30, 2003 were $20,363, up from $35,544 for the year ending June 30, 2003, primarily as a result of costs of legal and professional fees.





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Critical accounting policies

We have identified the policies below as critical to our business operations and the understanding of our results of operations.  See also the notes consolidated Financial Statements.  Note that our preparation of this Annual Report on Form 10-KSB and the Quarterly Reports on Form 10-QSB requires us to make estimates and assumptions that affect the reported amount of assets and liabilities, disclosure of contingent assets and liabilities at the date of our financial statements, and the reported amounts of revenue and expenses during the reporting period.  There can be no assurance that actual results will not differ from those estimates.

(1)   Functional currency and treatment of foreign currency translation.

Due to the majority of our financial operations being based in the United States, the US Dollar is both the functional and the reporting currency, although our main asset (a mineral property) is in Canada.  Books and records and bank accounts are maintained in US Dollars; any assets or items of value reckoned in Canadian Dollars are translated into US dollars at the exchange rate in effect at the year end.  Income and expense items are translated at the exchange rate prevailing when the transaction occurred.  The resulting translation adjustments are recorded within other comprehensive income.

2)   Research, development and exploration expenditure.

All research development and exploration expenditure incurred has been generated internally and is written off to the income statement.

3)   Capitalization of intangible fixed assets.

Intangible assets (none at present) are amortized over the useful life of the asset, as determined by management, not to exceed the legal life.

Contractual commitments

We have no contractual commitments.

Recent accounting pronouncements

In April 2002, SFAS No.  145, "Rescission of FASB Statements No.  4, 44 and 64, Amendment of FASB Statement No.  13, and Technical Corrections" was issued.  This statement provides guidance on the classification of gains and losses from the extinguishment of debt and on the accounting for certain specified lease transactions.  The Company has adopted the provisions of this standard effective April 1, 2002 and, accordingly, has recorded the gain from early extinguishment of debt as discussed in Note 8 to the financial statements as ordinary income.

In June 2002, the FASB issued SFAS No.  146, "Accounting for Costs Associated with Exit or Disposal Activities" ("SFAS No.  146").  SFAS No.  146 addresses significant issues regarding the recognition, measurement, and reporting of costs associated with exit and disposal activities, including restructuring activities.  SFAS No.  146 also addresses recognition of certain costs related to terminating a contract that is not a capital lease, costs to consolidate facilities or relocate employees, and termination benefits provided to employees that are involuntarily terminated under the terms of a one-time benefit arrangement that is not an ongoing benefit arrangement or an individual deferred-compensation contract.  SFAS No.  146 is effective for exit or disposal activities that are initiated after December 31, 2002.  Given that SFAS No.  146 was issued in June 2002 and is not yet effective, the impact on the Company's financial position or results of operations from adopting SFAS No.  146 has not been determined, although given the nature of the Company's business the impact is expected to be minuscule.





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In December 2002, the FASB issued SFAS No.  148, "Accounting for Stock-Based Compensation - Transition and Disclosure", which amends SFAS No.  123 to provide alternative methods of transition for a voluntary change to the fair value based method of accounting for stock-based employee compensation.  In addition, SFAS No.  148 expands the disclosure requirements of SFAS No.  123 to require more prominent disclosures in both annual and interim financial statements about the method of accounting for stock-based employee compensation and the effect of the method used on reported results.  The transition provisions of SFAS No.  148 are effective for fiscal years ended after December 15, 2002.  The disclosure provisions of SFAS No.  148 are effective for financial statements for interim periods beginning after December 15, 2002.  The transition provisions do not currently have an impact on the Company's financial position and results of operations as the Company currently has no stock-based employee compensation.

In May 2003, the FASB issued SFAS No.  150, "Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity".  SFAS No.  150 establishes standards for how an issuer classifies and measures certain financial instruments with characteristics of both liabilities and equity.  It requires that an issuer classify a financial instrument that is within its scope as a liability (or an asset in some circumstances).  The requirements of SFAS No.  150 apply to issuers' classification and measurement of freestanding financial instruments, including those that comprise more than one option or forward contract.  SFAS No.  150 does not apply to features that are embedded in a financial instrument that is not a derivative in its entirety.  SFAS No.  150 is effective for financial instruments entered into or modified after May 31, 2003, and otherwise is effective at the beginning of the first interim period beginning after June 15, 2003, except for mandatory redeemable financial instruments of non-public entities.  It is to be implemented by reporting the cumulative effect of a change in an accounting principle for financial instruments created before the issuance date of SFAS No.  150 and still existing at the beginning of the interim period of adoption.  Restatement is not permitted.  The adoption of this standard is not expected to have a material effect on the Company's results of operations or financial position.

FASB has also issued SFAS No.  145, 147 and 149 but they will not have any relationship to the operations of the Company therefore a description of each and their respective impact on the Company's operations have not been disclosed.

ITEM 7.     FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

TABLE OF CONTENTS



|INDEPENDENT AUDITOR'S REPORT      | F-1                              
|--------------------------------- | ---------------------------------
|                                 
|FINANCIAL STATEMENTS             
|                                 
|                                  | Balance Sheets                   
|                                  |                                  
|                                  | Statements of Operations         
|                                 
|                                  | Statement of Stockholders' Equity
|                                 
|                                  | Statements of Cash Flows         
|                                 
|NOTES TO THE FINANCIAL STATEMENTS | F-6                              





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Board of Directors
Zeolite Mining Corporation
Vancouver, BC
CANADA

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We have audited the accompanying balance sheet of Zeolite Mining Corporation (a Nevada corporation and an exploration stage company) as of June 30, 2004 and 2003, and the related statements of operations, stockholders' equity and cash flows for the years ended June 30, 2004, and 2003.  These financial statements are the responsibility of the Company's management.  Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States).  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.  An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.  An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.  We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Zeolite Mining Corporation as of June 30, 2004 and 2003, and the results of its operations, stockholders equity and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.





|/s/ Williams & Webster, P.S.
|----------------------------
|Williams & Webster, P.S.    
|Certified Public Accountants
|Spokane, Washington         
|August 19, 2004             









F-1

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|ZEOLITE MINING CORPORATION        
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|(An Exploration Stage Company)    
|BALANCE SHEETS                    
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|ASSETS                            
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|LIABILITIES & STOCKHOLDERS' EQUITY
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The accompanying notes are an integral part of these financial statements.
F-2

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|ZEOLITE MINING CORPORATION          
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|(An Exploration Stage Company)      
|STATEMENTS OF OPERATIONS            
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|REVENUES                            
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|EXPENSES                            
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|LOSS BEFORE INCOME TAXES            
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|INCOME TAXES                        
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|NET LOSS                            
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|NET LOSS PER COMMON SHARE, BASIC AND
|DILUTED                             
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|WEIGHTED AVERAGE NUMBER OF          
|COMMON STOCK SHARES OUTSTANDING,    
|BASIC AND DILUTED                   

















The accompanying notes are an integral part of these financial statements.
F-3

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|ZEOLITE MINING CORPORATION                     
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|(An Exploration Stage Company)                 
|STATEMENT OF STOCKHOLDERS' EQUITY              
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|Issuance of common stock for mining claims and 
|officers' compensation at $0.055 per share     
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|Net loss for the period ended June 30, 2001    
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|Balance, June 30, 2001                         
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|Common stock issued for cash at $0.10 per share
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|Net loss for the year ended June 30, 2002      
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|Balance, June 30, 2002                         
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|Net loss for the year ended June 30, 2003      
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|Balance, June 30, 2003                         
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|Net loss for the year ended June 30, 2004      
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|Balance, June 30, 2004                         





















The accompanying notes are an integral part of these financial statements.
F-4

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|ZEOLITE MINING CORPORATION               
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|(An Exploration Stage Company)           
|STATEMENTS OF CASH FLOWS                 
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|CASH FLOWS FROM OPERATING ACTIVITIES     
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|Net cash used by operating activities    
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|CASH FLOWS FROM INVESTING ACTIVITIES     
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|CASH FLOWS FROM FINANCING ACTIVITIES     
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|Net cash provided by financing activities
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|Increase (decrease) in cash              
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|Cash, beginning of period                
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|Cash, end of period                      
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|SUPPLEMENTAL DISCLOSURES:                
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|NON-CASH FINANCING AND                   
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The accompanying notes are an integral part of these financial statements.
F-5

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|ZEOLITE MINING CORPORATION       
|---------------------------------
|(An Exploration Stage Company)   
|NOTES TO THE FINANCIAL STATEMENTS
|June 30, 2004                    

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

Zeolite Mining Corporation (hereinafter "the Company") filed for incorporation on October 5, 2000 under the laws of the State of Nevada primarily for the purpose of acquiring, exploring, and developing mineral properties.  The Company's fiscal year-end is June 30.

The Company is actively seeking additional capital and management believes that the Company can develop mining claims.  However, there are inherent uncertainties in mining operations and management cannot provide assurances that it will be successful in this endeavor.  Furthermore, the Company has been in the exploration stage since its formation in October 2000 and has not yet realized any revenues from its planned operations.

The Company is primarily engaged in the acquisition, exploration and development of mining properties.  At June 30, 2004 and 2003, the Company held two mineral property claims know as the Cash 1-6 near Princeton, British Columbia, Canada.  The Company has assigned no value to these claims, as there is no evidence showing proven and probable reserves.  Upon location of a commercial minable reserve, the Company expects to actively prepare the site for its extraction and enter a development stage.  See Note 6 for discussion of subsequent events and impact on future operations.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

This summary of significant accounting policies is presented to assist in understanding the financial statements.  The financial statements and notes are representations of the Company's management, which is responsible for their integrity and objectivity.  These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements.

Accounting Method
The Company uses the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.

Cash and Cash Equivalents
For purposes of its statement of cash flows, the Company considers all short-term debt securities purchased with a maturity of three months or less to be cash equivalents.

Compensated Absences
Currently, the Company has no paid employees; therefore, no policy regarding compensated absences has been established.  The Company will establish a policy to recognize the costs of compensated absences at the point in time that it has employees.

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|ZEOLITE MINING CORPORATION       
|---------------------------------
|(An Exploration Stage Company)   
|NOTES TO THE FINANCIAL STATEMENTS
|June 30, 2004                    

Derivative Instruments
The Financial Accounting Standards Board issued Statement of Financial Accounting Standards No. 133, "Accounting for Derivative Instruments and Hedging Activities" (hereinafter "SFAS No. 133"), as amended by Statement of Financial Accounting Standards No. 137, "Accounting for Derivative Instruments and Hedging Activities - Deferral of the Effective Date of FASB No. 133", and Statement of Financial Accounting Standards No. 138, "Accounting for Certain Derivative Instruments and Certain Hedging Activities", and Statement of Financial Accounting Standards No. 149, "Amendment of Statement 133 on Derivative Instruments and Hedging Activities".  These statements establish accounting and reporting standards for derivative instruments, including certain derivative instruments embedded in other contracts, and for hedging activities. They require that an entity recognize all derivatives as either assets or liabilities in the balance sheet and measure those instruments at fair value.

If certain conditions are met, a derivative may be specifically designated as a hedge, the objective of which is to match the timing of gain or loss recognition on the hedging derivative with the recognition of (i) the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk or (ii) the earnings effect of the hedged forecasted transaction. For a derivative not designated as a hedging instrument, the gain or loss is recognized in income in the period of change.

Historically, the Company has not entered into derivatives contracts to hedge existing risks or for speculative purposes.

At June 30, 2004, the Company has not engaged in any transactions that would be considered derivative instruments or hedging activities.

Exploration Costs
In accordance with accounting principles generally accepted in the United States of America, the Company expenses exploration costs as incurred.

Fair Value of Financial Instruments
The carrying amount for accounts payable and related party payable approximate their fair value.

Going Concern
The Company's financial statements have been presented on a going concern basis that contemplates the satisfaction of liabilities in the normal course of business.  As shown in the accompanying financial statements, the Company incurred a net loss of $20,363 for the year ended June 30, 2004, has an accumulated deficit of $358,978 and had no revenues. These conditions raise substantial doubt about the Company's ability to continue as a going concern.  Management has plans to seek additional capital through a public offering of its common stock or to seek a merger with an established operating company.  The financial statements do not include any adjustments relating to the amounts and classifications of liabilities that might be necessary in the event the Company cannot continue in existence.

F-7

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|ZEOLITE MINING CORPORATION       
|---------------------------------
|(An Exploration Stage Company)   
|NOTES TO THE FINANCIAL STATEMENTS
|June 30, 2004                    

Provision for Taxes
Income taxes are provided based upon the liability method of accounting pursuant to Statement of Financial Accounting Standards No. 109 ("SFAS No. 109") "Accounting for Income Taxes."  Under this approach, deferred income taxes are recorded to reflect the tax consequences on future years of differences between the tax basis of assets and liabilities and their financial reporting amounts at each year end.  A valuation allowance is recorded against deferred tax assets if management does not believe the Company has met the "more likely than not" standard imposed by SFAS No. 109 to allow recognition of such an asset.

The Company had net deferred tax assets of approximately $36,000 and $29,000 as of June 30, 2004 and 2003 respectively, which have principally arisen from net operating loss carryforwards for income tax purposes.  As management of the Company cannot determine that it is more likely than not that the Company will realize the benefit of the net deferred tax asset, a valuation allowance equal to the net deferred tax asset has been established at June 30, 2004.

At June 30, 2003, the Company has net operating loss carryforwards of approximately $107,000, which expire in years 2021 through 2023.  The Company recognized approximately $252,000 of losses from the issuance of common stock for services in 2001, which were not deductible for tax purposes, and are not included in the above calculation of deferred tax assets.  See Note 6.

Recent Accounting Pronouncements
In May 2003, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards No. 150, "Accounting for Certain Financial Instruments with Characteristics of Both Liabilities and Equity" (hereinafter "SFAS No. 150").  SFAS No. 150 establishes standards for classifying and measuring certain financial instruments with characteristics of both liabilities and equity and requires that those instruments be classified as liabilities in statements of financial position.  Previously, many of those instruments were classified as equity.  SFAS No. 150 is effective for financial instruments entered into or modified after May 31, 2003 and otherwise is effective at the beginning of the first interim period beginning after June 15, 2003.  The Company has determined that adoption of this statement does not affect its financial statements.

In April 2003, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards No. 149, "Amendment of Statement 133 on Derivative Instruments and Hedging Activities" (hereinafter "SFAS No. 149").  SFAS No. 149 amends and clarifies the accounting for derivative instruments, including certain derivative instruments embedded in other contracts, and for hedging activities under SFAS No. 133, "Accounting for Derivative Instruments and Hedging Activities".  This statement is effective for contracts entered into or modified after June 30, 2003 and for hedging relationships designated after June 30, 2003.  The adoption of SFAS No. 149 is not expected to have a material impact on the financial position or results of operations of the Company.

F-8

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|ZEOLITE MINING CORPORATION       
|---------------------------------
|(An Exploration Stage Company)   
|NOTES TO THE FINANCIAL STATEMENTS
|June 30, 2004                    

In December 2002, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards No. 148, "Accounting for Stock-Based Compensation - Transition and Disclosure," ("SFAS No. 148").  SFAS 148 amends Statement of Financial Accounting Standards No. 123, "Accounting for Stock-Based Compensation," (hereinafter "SFAS No. 123"), to provide alternative methods of transition for an entity that voluntarily changes to the fair value based method of accounting for stock-based employee compensation. In addition, it also amends the disclosure provisions of SFAS No. 123 to require prominent disclosure about the effects on reported results of an entity's accounting policy decisions with respect to stock-based employee compensation. The provisions of the statement are effective for financial statements for fiscal years ending after December 15, 2002.  The Company believes that SFAS No. 148 will not significantly affect its financial reporting.

In November 2002, the Financial Accounting Standards Board issued FASB Interpretation No. 45, "Guarantor's Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees" ("FIN 45") which elaborates on the disclosures to be made by a guarantor in its interim and annual financial statements about its obligations under certain guarantees that it has issued.  It also clarifies that a guarantor is required to recognize, at the inception of a guarantee, a liability for the fair value of the obligation undertaken in issuing the guarantee.  FIN 45 does not prescribe a specific approach for subsequently measuring the guarantor's recognized liability over the term of the related guarantee.  It also incorporates, without change, the guidance in FASB Interpretation No. 34, "Disclosure of Indirect Guarantees of Indebtedness of Others," which is being superseded.  FIN 45 has had no impact on the Company's financial position or results of operations, as the Company has not entered into any of the aforementioned transactions.

In June 2002, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards No. 146, "Accounting for Costs Associated with Exit or Disposal Activities" (hereinafter "SFAS No. 146").  SFAS No. 146 addresses significant issues regarding the recognition, measurement, and reporting of costs associated with exit and disposal activities, including restructuring activities.  SFAS No. 146 also addresses recognition of certain costs related to terminating a contract that is not a capital lease, costs to consolidate facilities or relocate employees, and termination benefits provided to employees that are involuntarily terminated under the terms of a one-time benefit arrangement that is not an ongoing benefit arrangement or an individual deferred-compensation contract.  SFAS No. 146 was issued in June 2002 and is effective for activities after December 31, 2002.  There has been no impact on the Company's financial position or results of operations from adopting SFAS No. 146.

Use of Estimates
The process of preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires the use of estimates and assumptions regarding certain types of assets, liabilities, revenues, and expenses.  Such estimates primarily relate to unsettled transactions and events as of the date of the financial statements.  Accordingly, upon settlement, actual results may differ from estimated amounts.

F-9

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|ZEOLITE MINING CORPORATION       
|---------------------------------
|(An Exploration Stage Company)   
|NOTES TO THE FINANCIAL STATEMENTS
|June 30, 2004                    

NOTE 3 - COMMON STOCK

On October 5, 2000, 5,000,000 shares of common stock were issued to officers and directors only.  There was no public offering of any securities.  The aforementioned shares were issued in payment of consulting services in the amount of $251,992, legal fees advanced in the amount of $20,000, expenses of $3,008, and unproven mineral property claims.  These shares were issued pursuant to exemption from registration contained in Section 4(2) of the Securities Act of 1933.

During June 2002, 1,138,000 shares of common stock were issued for $113,800 in cash.

NOTE 4 - RELATED PARTY TRANSACTIONS

The Company occupies office space provided by an officer of the Company at no charge.  The value of this space is not considered materially significant for financial reporting purposes.

In 2000, the shareholders of the Company provided services, paid expenses and advanced funds in the amount of $275,000 on behalf of the Company, and were repaid by the issuance of common stock.  See Note 3.  An officer and shareholder of the Company paid additional expenses on behalf of the Company in the amount of $26,793, which has been reflected as a short-term uncollateralized loan, bearing no interest and having no specific due date.

NOTE 5 - COMMITMENTS AND CONTINGENCIES

Mining Industry
The Company is engaged in the exploration and development of mineral properties.  At present, there are no feasibility studies establishing proven and probable reserves of the Company's mining claims.

Although the minerals exploration and mining industries are inherently speculative and subject to complex environmental regulations, the Company is unaware of any pending litigation or of any specific past or prospective matters which could impair the value of its mining claims.

Concentrations of Risk
The Company maintains its cash account in one commercial bank in Canada.  The Company's cash account is maintained in U.S. dollars, which totaled $62,881 and $78,027 as of June 30, 2004 and 2003 respectively.  This account is not insured.

All of the Company's mining property claims are principally in one location in British Columbia, Canada.

F-10

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|ZEOLITE MINING CORPORATION       
|---------------------------------
|(An Exploration Stage Company)   
|NOTES TO THE FINANCIAL STATEMENTS
|June 30, 2004                    

NOTE 6 - SUBSEQUENT EVENTS

On August 13, 2004, the Company completed a reorganization with GLOBAL NATIONAL COMMUNICATIONS CORPORATION ("GNCC") a corporation organized in 1998 under the laws of the British Virgin Islands and whose principal offices are located in the People's Republic of China. In conjunction therewith, the Company issued 9,800,000 shares of its common stock for all of the issued and outstanding common shares of GNCC.  Simultaneously with the closing, the Company issued an additional 4,062,000 shares of common stock to certain individuals for services provided, and it repurchased, and retired, for $65,000, 5,000,000 shares of common stock previously held by the principal shareholders of the Company.  In addition to the retirement of 5,000,000 shares owned by them, the principal shareholders also agreed to forgive approximately $27,000 due to them by the Company and reported as a related party payable at June 30, 2004.

Management of the Company anticipates that the Company will adopt the business plan of GNCC and that mining claims currently held by the Company will be sold and the Company will cease operations as a mining exploration and development company.

























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ITEM 8.   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.

(a)     On October 5, 2004, the accounting firm of Williams & Webster, P.S. was dismissed by the Registrant's Board of Directors as the Registrant's independent auditors. During the two most recent fiscal years and subsequent interim period, there were no disagreements on matters of accounting principles and practices, financial disclosure, or auditing scope of procedure between the Registrant and Williams & Webster. Williams & Webster, P.S. were dismissed because the Company determined that it was in its best interests to have its auditor located in the Vancouver, British Columbia where the Registrant's corporate headquarters are located.

(b)     The Report of Williams & Webster, P.S. on the Registrant's financial statements as of and for the years ended June 30, 2004 and 2003 did not contain an adverse, qualified or disclaimer of opinion. However, the Reports did contain an explanatory paragraph wherein Williams & Webster expressed substantial doubt about the Registrant's ability to continue as a going concern.

(c)     The Registrant has requested Williams & Webster to furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the statements made by the Registrant in response to this Item 4.01 and, if not, stating the respects in which it does not agree. The Registrant delivered a copy of this Form 8-K report to Williams & Webster on October 6, 2004, via email.  We have received a reply from Williams & Webster and it is attached as Exhibit 16.1 hereto.

(d)     At its board meeting on October 1, 2004, the Board of Directors of the Registrant engaged Rotenberg and Company LLP, Certified Public Accountants, 1870 Winton Road South, Suite 200, Rochester, New York, as its independent auditor for its fiscal year ending September 30, 2004. Rotenberg and Company LLP accepted such appointment on October 1, 2004. Prior to their appointment, the Registrant did not consult with Rotenberg and Company LLC on any matters related to accounting or the type of opinion they may issue.

ITEM 8A.   CONTROLS AND PROCEDURES

(a)     Evaluation of disclosure controls and procedures. Under new Securities and Exchange Commission regulations implementing portions of the Sarbanes-Oxley Act of 2002, our chief executive officer and chief financial officer are required to certify in this annual report their responsibility for establishing and maintaining disclosure controls and procedures designed to ensure that material information in relation to us is made known to them. Our chief executive officer and chief financial officer are also required to certify that they have evaluated the effectiveness of our disclosure controls and procedures as of a date within 90 days prior to the filing of this report, and that they have presented in this report their conclusions about the effectiveness of the disclosure controls and procedures as a result of the evaluation. Based on their evaluation, our chief executive officer and chief financial officer have concluded that our disclosure controls and procedures are effective, providing them with material information relating to us as required to be disclosed in the reports we file with the Commission on a timely basis.

(b)     Changes in internal controls. There were no significant changes in our internal controls or in other factors that could significantly affect these disclosure controls subsequent to the date of the chief executive officer and chief financial officer's evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.





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PART III

ITEM 9.     DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT.

The name, age and position held by each of the directors and officers of our company are as follows:



|Name and Address | Age | Positions                                                                
|---------------- | --- | -------------------------------------------------------------------------
|                 |     |                                                                          
|Wang Hanqing     | 40  | president, chief executive officer and a member of the board of directors
|                 |     |                                                                          
|Wu Wenbin        | 42  | treasurer, chief financial officer and member of the board of directors  
|                 |     |                                                                          
|Peng Xiaoyan     | 39  | secretary and a member of the board of directors                         
|                 |     |                                                                          
|Charles Shao     | 41  | member of the board of directors                                         

All directors have a term of office expiring at the next annual general meeting of our company, unless re-elected or earlier vacated in accordance with our Bylaws.  All officers have a term of office lasting until their removal or replacement by the board of directors.

Background of Officers and Directors

Wang Hanqing - President, Chief Executive Officer and member of the Board of Directors

Wang Hanqing, male, Chinese, was born on November 2th 1963 and graduated from EE Department of Tsinghua University in 1985. With outstanding academic achievement, he joined Shenzhen Development Technology Co., Ltd. in the same year and worked until May, 1998, holding the positions including technical and engineering manager, planning manager and director of cooperation workshop in succession being responsible for product testing, personnel management and marketing as well. The company's business scope covers the manufacture, sale and R&D of electronic products. (Business location: Shenzhen, China). In 1998, he founded Shenzhen Guonuo Industrial Co., Ltd and from then till now acts as its general manager and director with responsibility for overall management and planning. (Business location: Shenzhen, China).











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Wu Wenbin - Treasurer, Chief Financial  Officer and member of the Board of Director

Wu Wenbin, male, Chinese, was born on October 8th, 1962 with a MBA degree.  July 1982, he graduated from Zhengzhou College of Aeronautics. (Location: Zhengzhou, China).  After graduation, from July 1982 to September 1985 he acted as the teaching assistant for the accounting class in the same college. (Location: Zhengzhou, China). During the period from September 1985 to July 1987, he majored in law in Nanjing College of Aeronautics. (Location: Nanjing, China).  From July 1987 to September 1993, he worked as the lecturer teaching accounting class in the Zhengzhou College of Aeronautics. (Location: Zhengzhou, China).  From October 1993 to July 1997, he worked as the financial manager in the Shenzhen Guangxia Industrial Company whose business scope covers the manufacture of Videotape and VCD compact disc.  (Business location: Shenzhen, China).  From August 1997 to February 2000, he acted as the deputy general manager and the director of the Jiangxi Xinyu Yugang Industrial Co., Ltd with responsibility for marketing and finance. The company engages in the textile export and tourism. (Business location: Jiangxi, China).  From March 2000 to August 2001, he worked as the financial controller in the Shenzhen Sannuo Electronic Co., Ltd whose business scope covers the manufacture of musical box, cursor mouse, keyboard and other external fittings of computer. (Business location: Shenzhen, China).  From November 2001 to June 2003, he studied the course of business administration of the Queens University of Brighton while in service and got the MBA degree.  From October 2001 till now, he works as the financial controller in Shenzhen Guonuo Industrial Co., Ltd., and now the director of GNCC being responsible for the Company's marketing, finance and listing. (Business location: Shenzhen, China).

Peng Xiaoyan - Secretary and Director

Peng Xiaoyan, female, Chinese, was born on November 12th1965,and graduated from Enterprise Management Department of Xiamen University in 1991.   From March 1986 to September 1991, she acted as an administration supervisor in Shenzhen Development Technology Co., Ltd being responsible for personnel management and outside contact. The company's business scope covers the manufacture, sale and R&D of electronic products. (Business location: Shenzhen, China). From October 1991 to October 2001, she acted as the general manager of APSI (SHENZHEN) INDUSTRIAL COMPANY handling various routine tasks. The company specializes in the manufacture and sale of electronic products as well as import & export business. (Business location: Shenzhen, China). Being the director of Shenzhen Guonuo Industrial Co., Ltd in June 2001, she acts as the executive deputy general manager from November 2001 till now with responsibility for daily round and administration management. (Business location: Shenzhen, China).

Charles Shao - member of the board of director

Charles Shao, male, was born on April 27th 1963 and graduated from EE Department of Tsinghua University in July, 1985. From Oct. 1997 to April 1999, he was funding Team member of Netscreen Technologies, Inc. (Business location: Santa Clare, California, USA), being operation director and manufacture director, responsible for company set up and product production. From April 1999 to June 2002, founder of ServGate Technologies, Inc. (Business location: Mipitas, California, USA), being VP engineering, developed network security products. From July 2002 till now, being founder and CTO of  EPIN Technologies Inc., (Business location: Beijing, China), responsible for the R&D of broadband wireless data products, wireless network products, PHS and GSM terminal products, MP3 products, etc.





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Involvement in Certain Legal Proceedings

To our knowledge, during the past five years, our officers and directors: have not filed a petition under the federal bankruptcy laws or any state insolvency law, nor had a receiver, fiscal agent or similar officer appointed by a court for the business or present of such a person, or any partnership in which he was a general partner at or within two years before the time of such filing, or any corporation or business association of which he was an executive officer within two years before the time of such filing; were not convicted in a criminal proceeding or named subject of a pending criminal proceeding (excluding traffic violations and other minor offenses); were not the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining him from or otherwise limiting the following activities: (i) acting as a futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant, associated person of any of the foregoing, or as an investment advisor, underwriter, broker or dealer in securities, or as an affiliated person, director of any investment company, or engaging in or continuing any conduct or practice in connection with such activity; (ii) engaging in any type of business practice; (iii) engaging in any activity in connection with the purchase or sale of any security or commodity or in connection with any violation of federal or state securities laws or federal commodity laws; were not the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any federal or state authority barring, suspending or otherwise limiting for more than 60 days the right of such person to engage in any activity described above under this Item, or to be associated with persons engaged in any such activity; were not found by a court of competent jurisdiction in a civil action or by the Securities and Exchange Commission to have violated any federal or state securities law and the judgment in subsequently reversed, suspended or vacate; and were not found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated.

Compliance with Section 16 (a) of the Exchange Act

Based solely upon a review of Forms 3 and 4 and amendments thereto furnished to us pursuant to Rule 16a-3(e) under the Securities Exchange Act of 1934 during our most recent fiscal year and Forms 5 and amendments thereto furnished to us with respect to our most recent fiscal year, all officers, directors and owners of 10% or more of our outstanding shares have filed all Forms 3, 4 an 5 required by Section 16(a) of the Securities Exchange Act of 1934 with the exception of Alan Brandys and Douglas Hopper who failed to file Form 4s in connection with their disposition of 5,000,000 shares of common stock.  Messrs.  Brandys and Hopper intend to file their Form 4s shortly, Further, Messrs. Hanqing, Wenbin, Xiaoyan and Shao failed to file their initial Form 4s.  The anticipate filing their Form 4s shortly.

Audit Committee and Charter

We have an audit committee and audit committee charter.   Our audit committee is comprised of all of our officers and directors.   None of directors are deemed independent.   All directors also hold positions as our officers.   Our audit committee is responsible for: (1) selection and oversight of our independent accountant; (2) establishing procedures for the receipt, retention and treatment of complaints regarding accounting, internal controls and auditing matters; (3) establishing procedures for the confidential, anonymous submission by our employees of concerns regarding accounting and auditing matters; (4) engaging outside advisors; and, (5) funding for the outside auditory and any outside advisors engagement by the audit committee.

Audit Committee Financial Expert

We have no financial expert.   We believe the cost related to retaining a financial expert at this time is prohibitive.   Further, because of our limited operations, we believe the services of a financial expert are not warranted.





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Code of Ethics

We have adopted a corporate code of ethics.   We believe our code of ethics is reasonably designed to deter wrongdoing and promote honest and ethical conduct; provide full, fair, accurate, timely and understandable disclosure in public reports; comply with applicable laws; ensure prompt internal reporting of code violations; and provide accountability for adherence to the code.

Disclosure Committee and Charter

We have a disclosure committee and disclosure committee charter.   Our disclosure committee is comprised of all of our officers and directors.   The purpose of the committee is to provide assistance to the chief executive officer and the chief financial officer in fulfulling their responsibilities regarding the identification and disclosure of material information about us and the accuracy, completeness and timeliness of our financial reports.

ITEM 10.     EXECUTIVE COMPENSATION.

The following table sets forth information with respect to compensation paid by us to the chief executive officer and the other highest paid executive officers during the three most recent fiscal years.

Summary Compensation Table



|                          |      |                     | Long Term Compensation
|------------------------- | ---- | ------------------- | ----------------------
|                          |      | Annual Compensation | Awards                
|(a)                       | (b)  | (c)                 | (d)                   
|                          |      |                     |                       
|                          |      |                     |                       
|                          |      |                     |                       
|Name and Principal        |      | Salary              | Bonus                 
|Position [1]              | Year | ($)                 | ($)                   
|                          |      |                     |                       
|Wang Hanqing              | 2004 | 0                   | 0                     
|president & director      | 2003 | 0                   | 0                     
|                          | 2002 | 0                   | 0                     
|                          |      |                     |                       
|Wu Wenbin                 | 2004 | 0                   | 0                     
|treasurer & director      | 2003 | 0                   | 0                     
|                          | 2002 | 0                   | 0                     
|                          |      |                     |                       
|Peng Xiaoyan              | 2004 | 0                   | 0                     
|secretary & director      | 2003 | 0                   | 0                     
|                          | 2002 | 0                   | 0                     
|                          |      |                     |                       
|Charles Shao              | 2004 | 0                   | 0                     
|director                  | 2003 | 0                   | 0                     
|                          | 2002 | 0                   | 0                     
|                          |      |                     |                       
|Alan W. Brandys           | 2004 | 0                   | 0                     
|president, treasurer &    | 2003 | 0                   | 0                     
|director, resigned        | 2002 | 0                   | 0                     
|                          |      |                     |                       
|Douglas Hopper            | 2004 | 0                   | 0                     
|vice president, secretary | 2003 | 0                   | 0                     
|& director, resigned      | 2002 | 0                   | 0                     

[1]   All compensation received by the officers and directors has been disclosed.

There are no stock option, retirement, pension, or profit sharing plans for the benefit of our officers and directors.





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Option/SAR Grants

No individual grants of stock options, whether or not in tandem with stock appreciation rights ("SARs") and freestanding SARs have been made to any executive officer or any director since our inception, accordingly, no stock options have been exercised by any of the officers or directors in fiscal 2004.

Long-Term Incentive Plan Awards

We do not have any long-term incentive plans that provide compensation intended to serve as incentive for performance to occur over a period longer than one fiscal year, whether such performance is measured by reference to our financial performance, our stock price, or any other measure.

Compensation of Directors.

The directors did not receive any other compensation for serving as members of the board of directors.   The Board has not implemented a plan to award options.   There are no contractual arrangements with any member of the board of directors.

We do not expect to pay any salaries to any of our officers until such time as we generate sufficient revenues to do so.   We do not anticipate paying any salaries to our officers until fiscal 2004.   We do not intend to pay any additional compensation to our directors.   As of the date hereof, we have not entered into employment contracts with any of our officers and we do not intend to enter into any employment contracts until such time as it profitable to do so.

Indemnification

Pursuant to the articles of incorporation and bylaws of the corporation, we may indemnify an officer or director who is made a party to any proceeding, including a law suit, because of his position, if he acted in good faith and in a manner he reasonably believed to be in our best interest.   In certain cases, we may advance expenses incurred in defending any such proceeding.   To the extent that the officer or director is successful on the merits in any such proceeding as to which such person is to be indemnified, we must indemnify him against all expenses incurred, including attorney's fees.   With respect to a derivative action, indemnity may be made only for expenses actually and reasonably incurred in defending the proceeding, and if the officer or director is judged liable, only by a court order.   The indemnification is intended to be to the fullest extent permitted by the laws of the state of Nevada.

Regarding indemnification for liabilities arising under the Securities Act of 1933 which may be permitted to directors or officers pursuant to the foregoing provisions, we are informed that, in the opinion of the Securities and Exchange Commission, such indemnification is against public policy, as expressed in the Act and is, therefore unenforceable.

ITEM 11.     SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.

Security Ownership of Certain Beneficial Owners

The following table sets forth, as of October 8, 2004, the beneficial shareholdings of persons or entities holding five percent or more of our common stock, each director individually, each named executive officer and all of our directors and officers as a group.   Each person has sole voting and investment power with respect to the shares of common stock shown, and all ownership is of record and beneficial.





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|                   | Amount and       |                      |         
|------------------ | ---------------- | -------------------- | --------
|Name of Beneficial | Nature           |                      | Percent 
|Owner              | Beneficial Owner | Position             | of Class
|                   |                  |                      |         
|Wang Hanqing       | 5,096,000        | president & director | 33.97%  
|                   |                  |                      |         
|Wu Wenbin          | 2,254,000        | treasurer & director | 15.03%  
|                   |                  |                      |         
|Peng Xiaoyan       | 980,000          | secretary & director | 6.53%   
|                   |                  |                      |         
|Charles Shao       | -0-              | director             | 0.00%   
|                   |                  |                      |         
|TOTAL              | 8,330,000        |                      | 55.53%  

Changes in Control

To the knowledge of management, there are no present arrangements or pledges of our securities which may result in a change in our control of the company.

ITEM 12.     CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

In October 2000, we issued a total of 5,000,000 shares of restricted common stock to Alan W.   Brandys and Douglas H. Hopper, officers and directors of our company.   This was accounted for as a compensation expense of $251,992 and advances and reimbursement expenses of $23,008.

Since our inception, Messrs. Brandys and Hopper, advanced loans to us and paid expenses on our behalf in the total sum of $31,008, which were used for organizational and start-up costs and operating capital.   The advances in the amount of $23,008 were repaid as a portion of the stock issuance, with the balance of $8,000 still owing at June 30, 2003.   The loans do not bear interest and have not been paid as of the date hereof.   There are no documents reflecting the loans and they are not due on a specific date.

On August 12, 2004, we entered into a Stock Exchange Agreement and Plan of Reorganization with our principal shareholders, Alan Brandys and Douglas Hopper; Global National Communications Corporation, a British Virgin Island corporation ("Global"); and, all of the shareholders of Global ("Global Shareholders") wherein we agreed to issue to the Global Shareholders 9,800,000 restricted shares of common stock in exchange for all of the issued and outstanding shares of Global owned by the Global Shareholders.  Currently, we have 6,138,000 shares of common stock outstanding.

Further, we issued 1,450,000 restricted shares of common stock to Yarek Bartoz; 1,300,000 restricted shares of common stock to Lucky Ocean Group Ltd.; 1,000,000 shares of common stock to Maple Leaf Enterprises; and, 312,000 restricted shares of common stock to Wilfred Yu (collectively that "Investor Shareholders").  500,000 of the shares issued to the Investor Shareholders will be placed in escrow.  The 500,000 shares will be released to the Investor Shareholders if we, through the efforts of the Investor Shareholders, obtain a commitment for qualified financing within 60 days of Closing.  Qualified financing means a cash investment of at least $2,000,000 in we in consideration of common stock or preferred stock to be issued by us with a minimum price per share of $1.00.  In the event that Investor Shareholders do not obtain a commitment for at least $2,000,000 within 60 days of Closing, then Global Shareholders will receive the 500,000 escrowed shares in consideration of $1.00.

In addition, Messrs. Brandys and Hopper will return 5,000,0000 of our shares of common stock owned by them to the company treasury and the shares will be cancelled.





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After the exchange is completed, assuming Messrs. Brandys and Hopper return their 5,000,000 shares of our common stock; the shares are issued to the Investor Shareholders; and 9,800,000 shares are issued to Global Shareholders, there will be 15,000,000 shares of our common stock outstanding.  1,138,000 shares will be free trading and 13,862,000 shares will be restricted securities as that term is defined in Rule 144 of the Securities Act of 1933, as amended.

At closing Mr.  Brandys will be replaced as president, principal executive officer, treasurer, principal accounting officer, and principal financial officer and Wang Hanqing will be appointed president and chief executive officer and Wu Wenbin will be appointed treasurer and chief financial officer.   Also, Mr.  Hopper will be replaced by Peng Xiaoyan as secretary.

ITEM 13.     EXHIBITS AND REPORTS ON FORM 8-K.

Reports on Form 8-K

No Form 8-Ks have been filed since inception.

Exhibits

The following Exhibits are incorporated herein by reference from the Registrant's Form SB-2 Registration Statement filed with the Securities and Exchange Commission, SEC file #333-56686 on March 7, 2001.   Such exhibits are incorporated herein by reference pursuant to Rule 12b-32:



|Exhibit No. | Document Description               
|----------- | -----------------------------------
|            |                                    
|3.1         | Articles of Incorporation.         
|3.2         | Bylaws.                            
|4.1         | Specimen Stock Certificate.        
|10.1        | Cash 1 Claim.                      
|10.2        | Cash 3 Claim.                      
|10.3        | Conveyance by Hopper to the Company
|99.1        | Subscription Agreement.            

The following Exhibits are incorporated herein by reference from the Registrant's Form 10-KSB Annual Report and amendment thereto as filed with the Securities and Exchange Commission, on September 25, 2003. Such exhibits are incorporated herein by reference pursuant to Rule 12b-32:



|Exhibit No. | Document Description        
|----------- | ----------------------------
|            |                             
|14.1        | Code of Ethics              
|99.1        | Audit Committee Charter     
|99.2        | Disclosure Committee Charter

The following Exhibits are incorporated herein by reference from the Registrant's Form 8-K Current Report and amendment thereto as filed with the Securities and Exchange Commission, on September 2, 2004. Such exhibits are incorporated herein by reference pursuant to Rule 12b-32:



|Exhibit No. | Document Description                               
|----------- | ---------------------------------------------------
|            |                                                    
|10.1        | Stock Exchange Agreement and Plan of Reorganization





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The following exhibits are included herein:



|Exhibit No. | Document Description                                                                                                                                           
|----------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------
|            |                                                                                                                                                                
|16.1        | Letter from Williams & Webster, CPAs.                                                                                                                          
|31.1        | Certification of Principal Executive Officer pursuant to Rule 13a-14 and Rule 15d-14(a), promulgated under the Securities and Exchange Act of 1934, as amended.
|31.2        | Certification of Principal Financial Officer pursuant to Rule 13a-14 and Rule 15d-14(a), promulgated under the Securities and Exchange Act of 1934, as amended.
|32.1        | Certification pursuant to 18 U.S.C.   Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chief Executive Officer).            
|32.2        | Certification pursuant to 18 U.S.C.   Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chief Financial Officer).            

ITEM 14.     PRINCIPAL ACCOUNTING FEES AND SERVICES

Williams and Webster, P.S., Certified Public Accountants, are the Company's independent auditors to examine the financial statements of the Company for the fiscal year ending June 30, 2004.   Williams & Webster, P.S.   has performed the following services and has been paid the following fees for these fiscal years.

Audit Fees

Williams & Webster, P.S. was paid aggregate fees of approximately $5,033 for the fiscal year ended June 30, 2003 and approximately $10,000 for the fiscal year ended June 30, 2004 for professional services rendered for the audit of the Company's annual financial statements and for the reviews of the financial statements included in the Company's quarterly reports on Form 10-QSB during these fiscal years.

Audit-Related Fees

Williams & Webster P.S.   was not paid additional fees for the fiscal year ended June 30, 2003 and June 30, 2004 for assurance and related services reasonably related to the performance of the audit or review of the Company's financial statements.

Tax Fees

Williams & Webster, P.S.   was not paid any aggregate fees for the fiscal year ended June 30, 2003 and for the fiscal year ended June 30, 2004 for professional services rendered for tax compliance, tax advice and tax planning.   This service was not provided.

All Other Fees

Williams & Webster, P.S.   was paid no other fees for professional services during the fiscal years ended June 30, 2003 and June 30, 2004.





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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on this 13th day of October, 2004.



| | ZEOLITE MINING CORPORATION
| | --------------------------
| | (Registrant)              
| |                           
| | BY:                       
| |                           
| |                           
| |                           
| | BY:                       
| |                           
| |                           

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following person on behalf of the Registrant and in the capacities.



|Signatures       | Title                                  | Date            
|---------------- | -------------------------------------- | ----------------
|                 |                                        |                 
|/s/ Wang Hanqing | President, Principal Executive Officer | October 13, 2004
|Wang Hanqing     | and a member of the Board of Directors |                 
|                 |                                        |                 
|/s/ Wu Wenbin    | Treasurer, Principal Financial Officer | October 13, 2004
|Wu Wenbin        | and Directors                          |                 
|                 |                                        |                 
|/s/ Peng Xiaoyan | Secretary and Director                 | October 13, 2004
|Peng Xiaoyan     |                                        |                 
|                 |                                        |                 
|/s/ Charles Shao | Director                               | October 13, 2004
|Charles Shao     |                                        |                 
|                 |                                        |                 













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