---

**UNITED STATESSECURITIES AND EXCHANGE COMMISSION** Washington, D.C. 20549

FORM 10-KSB

x ANNUAL
  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 
  For the fiscal year ended December 31, 2001

 ̈ TRANSITION
  REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT 
  For the transition period from: ______________ to ______________

Commission file number: 33-7945 D

CENTURY MILESTONE S&T CO., INC.(Name of small business issuer as specified in its charter)

|Colorado                                                       | 84-1032191                       
|-------------------------------------------------------------- | ---------------------------------
|(State or other jurisdiction of incorporation or organization) | (IRS Employer Identification No.)

|94 Rue de Lausanne, CH1202, Geneva, Switzerland |           
|----------------------------------------------- | ----------
|(Address of principal executive offices)        | (Zip Code)

Issuers telephone number: : 011-41-22-9000000

Securities registered under Section 12(b) of the Exchange Act:
  None

Securities registered under Section 12(g) of the Exchange Act:
  None

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 has been subject to such filing requirements for the past 90 days. Yes  ̈
  No x

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 reference in Part III of this
  Form 10-KSB or any amendment to this Form 10-KSB.  ̈

State issuers revenues for its most recent fiscal year:
  $0.00

As of September 30, 2003 the aggregate market value of the Common
  Stock held by non-affiliates, approximately 12,599,810 shares of Common Stock,
  was approximately $126,000 based on an average of the bid and ask prices of
  approximately $.01 per share of Common Stock on such date.

The number of shares outstanding of the issuers Common
  Stock, $.0001 par value, as of September 30, 2003 was 15,490,210 shares.

DOCUMENTS INCORPORATED BY REFERENCE: None.

Transitional Small Business Disclosure Format (check one): Yes
   ̈; No x

---

PART I

CAUTIONARY STATEMENT IDENTIFYING IMPORTANT FACTORSTHAT COULD CAUSE THE COMPANYS ACTUAL RESULTS TO
  DIFFER FROM THOSE PROJECTED IN FORWARD LOOKING STATEMENTS

Readers of this document and any document incorporated by
  reference herein, are advised that this document and documents incorporated
  by reference into this document contain both statements of historical facts
  and forward looking statements. Forward looking statements are subject to certain
  risks and uncertainties, which could cause actual results to differ materially
  for those indicated by the forward looking statements. Examples of forward looking
  statements include, but are not limited to (i) projections of revenues, income
  or loss, earning or loss per share, capital expenditures, dividends, capital
  structure and other financial items, (ii) statements of the plans and objectives
  of the Company or its management or Board of Directors, including the introduction
  of new products, or estimates or predictions of actions by customers, suppliers,
  competitors or regulatory authorities, (iii) statements of future economic performance,
  and (iv) statements of assumptions underlying other statements and statements
  about the Company or its business.

This document and any documents incorporated by reference
  herein also identify important factors which could cause actual results to differ
  materially from those indicated by forward looking statements. These risks and
  uncertainties include price competition, the decisions of customers, the actions
  of competitors, the effects of government regulation, possible delays in the
  introduction of new products and services, customer acceptance of products and
  services, the Companys ability to secure debt and/or equity financing
  on reasonable terms, and other factors which are described herein and/or in
  documents incorporated by reference herein.

The cautionary statements made above and elsewhere by the
  Company should not be construed as exhaustive or as any admission regarding
  the adequacy of disclosures made by the Company. Forward looking statements
  are beyond the ability of the Company to control and in many cases the Company
  cannot predict what factors would cause results to differ materially from those
  indicated by the forward looking statements.

Item 1. Description of Business.

Century Milestone S&T Co., Ltd., formerly Haas Neuveux
  & Company, (the Company) was incorporated under the laws of
  Colorado on May 23, 1986. The Company subsequently amended its Articles of Incorporation
  to change the Companys name from Haas Neuveux & Company to Century
  Milestone S&T Co., Ltd. on July 21, 2000.

On April 26, 2000, the Company executed a Preliminary Plan
  of Reorganization (the Reorganization Agreement) with Beijing Century
  Milestone S&T Co., Ltd. (CMST) and certain stockholders of CMST,
  who were issued an aggregate of 20,000,000 shares of the Companys common
  stock. Due to the inability of the parties to the Reorganization Agreement to
  obtain necessary consents and/or approvals from the Peoples Republic China to
  transfer shares of common stock of CMST to the Corporation as required by the
  Reorganization Agreement, the parties executed a Rescission Agreement dated
  April 25, 2001 which terminated, unwound and rescinded the Reorganization Agreement.

Pursuant to the Rescission Agreement, 20,000,000 shares of
  the Companys common stock issued to five shareholders of CMST were cancelled
  and returned to the Companys treasury and the CMST shareholders who became
  officers and directors of the Company resigned their respective positions. The
  Company issued 2,000,000 shares of the Companys restricted common stock
  to one person and forgave $200,000 owed to the Company by CMST in exchange for
  CMSTs grant to the Company of a transferable, exclusive license to use
  and market CMSTs data compression technology in North America for a term
  of five (5) years.

1

---

The Company has had no material operations in the past three
  years, and is currently inactive. However, the Company has been seeking business
  opportunities, such as a potential merger with, or acquisition of, one or more
  private companies.

There can be no assurance that the Company will be able to
  continue as a going concern, or achieve material revenues and profitable operations.
  It requires additional financing, and no assurances can be given that financing
  will be available in the amounts required, or that, if available, will be on
  terms satisfactory to the Company.

Item 2. Description of Property.

The Company owns no real property.

Item 3. Legal Proceedings.

There are no pending legal proceedings involving the Company.

Item 4. Submission of Matter to a Vote of Security Holders.

No matters were submitted to a vote of security holders during the fourth
  quarter of the fiscal year ended December 31, 2001.

2

---

PART II

Item 5. Market for Registrants Common Equity and Related Stockholder Matters.

|(a) | Market Information.
      The Common Stock of the Company is currently listed on
        pink sheets and trading under the symbol "CEML". There is no assurance
        that the Common Stock will continue to be quoted or that any liquidity
        exists for the Companys shareholders.
      The following table sets forth the range of high and
        low bid prices for the Company's Common Stock for each quarterly period
        indicated, as reported by the NASDAQ's Historical Research Department.
        Quotations reflect inter-dealer prices without retail markup, markdown
        or commissions and may not represent actual trades.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Common Stock

|Quarter Ended      | High Bid | Low Bid
|------------------ | -------- | -------
|                   |          |        
|June 30, 2003      | $0.01    | $0.01  
|March 31, 2003     | $0.01    | $0.01  
|                   |          |        
|December 31, 2002  | $0.01    | $0.01  
|September 30, 2002 | $0.01    | $0.01  
|June 30, 2002      | $0.01    | $0.01  
|March 31, 2002     | $0.30    | $0.115 
|                   |          |        
|December 31, 2001  | $0.31    | $0.09  
|September 30, 2001 | $0.36    | 0.11   
|June 30, 2001      | $0.49    | $0.26  
|March 31, 2001     | $1.9375  | $0.30  

|(b) | Holders.
      As of September 10, 2003, there were approximately 15,490,210
        shares of the Company's Common Stock outstanding held of record by approximately
        93 persons (not including beneficial owners who hold shares at broker/dealers
        in street name).
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                       
|(c) | Dividends.
      The Company has never paid cash dividends on its Common
        Stock and does not intend to do so in the foreseeable future. The Company
        currently intends to retain any future earnings for the operation and
        expansion of its planned business.   
|    |                                                                                                                                                                                                                                                                                       
|(d) | Recent Sales of Unregistered Securities.
      Set forth below is information regarding the issuance
        and sale of securities of the Company without registration within the
        past three fiscal year.                                                                    
|    |                                                                                                                                                                                                                                                                                       
|    | 1.                                                                                                                                                                                                                                                                                    

3

---

| | 2. | On May 3, 2001, the Companys Board of Directors
        authorized the issuance of 2,000,000 shares of restricted common stock
        to one person pursuant to the Rescission Agreement dated April 25, 2001.
        The transaction did not involve any public offering, no sales commissions
        were paid and a restrictive legend was placed on each certificate evidencing
        the shares. The Company believes that the transaction was exempt from
        registration pursuant to Section 4(2) and Section 4(6) of the Securities
        Act and/or Rule 506 of Regulation D.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Item 6. Management's Plan of Operation.

Statements contained herein which are not historical facts
  are forward-looking statements as that term is defined by the Private Securities
  Litigation Reform Act of 1995. Although the Company believes that the expectations
  reflected in such forward-looking statements are reasonable, forward-looking
  statements are subject to risks and uncertainties that could cause actual results
  to differ from those projected. The Company cautions investors that any forward-looking
  statements made by the Company are not guarantees of future performance and
  that actual results may differ materially from those in the forward-looking
  statements. Such risks and uncertainties include, without limitation: established
  competitors who have substantially greater financial resources and operating
  histories, regulatory delays or denials, ability to compete as a start-up company
  in a highly competitive market, and access to sources of capital.

Century Milestone S&T Co., Ltd. (the Company)
  has generated no revenues in the cumulative period from inception through the
  period ended March 31, 2001. The Company has no assets, has not developed any
  products or provided any services and has experienced difficulties in completing
  transactions.

Unless the Company is able to complete a merger, acquisition
  with an existing business, the Companys cash requirements during the next
  twelve months will relate to maintaining its status as a corporate entity, complying
  with the periodic reporting requirements of the U.S. Securities and Exchange
  Commission.

The Company has been evaluating and reviewing possible business
  ventures and opportunities, and is taking actions to position itself to take
  advantage of any possible business ventures and opportunities in quick order.
  On October 6, 2003, the Company held a Special Shareholders Meeting. Only
  shareholders of record at the close of business on September 10, 2003, were
  entitled to vote at this meeting. The holders of a majority of the outstanding
  shares approved the following proposals:

|1) | To amend the Articles of
        Incorporation to change the name of the Company from Century Milestone
        S&T Co., Ltd. to Sino Real Property Development Corporation.                                                                                                           
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                        
|2) | To effect a combination
        (also known as a reverse-split) of the number of outstanding,
        but not the number of authorized, shares of common stock of the Company
        on a 100:1 basis. Once implemented, the reverse split would have the following
        results:
|   |                                                                                                                                                                                                                                                                                        
|   | •                                                                                                                                                                                                                                                                                      
|   |                                                                                                                                                                                                                                                                                        
|   | •                                                                                                                                                                                                                                                                                      
|   |                                                                                                                                                                                                                                                                                        
|   | •                                                                                                                                                                                                                                                                                      

With each proposal, management is authorized to fix a future effective date
  within 30 days after the date of the meeting.

4

---

There can be no assurance that the Company will be able to
  continue as a going concern, or achieve material revenues and profitable operations.
  The Company requires financing, and no assurances can be given that financing
  will be available to the Company in the amounts required, or that, if available,
  will be on terms satisfactory to the Company.

Item 7. Financial Statements and Supplementary Data.

The information required by Item 7 and an index thereto commences on page F-1, which page follows this page.

Item 8. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.

As reported in the Companys current report on Form 8-K,
  filed May 22, 2001, on April 23, 2001, the Registrant engaged the accounting
  firm of Schumacher & Associates, Inc. to serve as the Registrant's new principal
  independent accountant. Schumacher & Associates, Inc. replaces BDO International
  as the Registrant's principal auditor. BDO International submitted a letter
  of resignation to the Registrant's Board of Directors tendering their resignation
  as the Registrant's auditors effective January 16, 2001. In the letter BDO International
  stated that there has never been any dispute or disagreement with the Registrant
  and that the resignation was due to internal reasons.

BDO International was engaged on August 11, 2000. The former
  accountant never provided an audit report on the financial statements of the
  Registrant. During the two most recent fiscal years and the subsequent interim
  period preceding the resignation of BDO International, there were no disagreements
  with the former accountant on any matters of accounting principles or practices,
  financial statement disclosure, or auditing scope or procedure, which disagreement(s),
  if any, if not resolved to the satisfaction of the former accountant would have
  caused it to make reference to the subject matter of the disagreement(s), if
  any, in connection with its reports.

5

---

INDEX TO FINANCIAL STATEMENTS

CENTURY MILESTONE S&T CO., LTD.(A Development Stage Company)

FINANCIAL STATEMENTS

with

REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS

|Report of Independent Certified Public Accountants | F-2
|-------------------------------------------------- | ---
|                                                   |    
|Financial Statements:                              |    
|                                                   |    
|Balance Sheets                                     | F-3
|                                                   |    
|Statements of Operations                           | F-4
|                                                   |    
|Statement of Changes in Stockholders' (Deficit)    | F-5
|                                                   |    
|Statements of Cash Flows                           | F-6
|                                                   |    
|Notes to Financial Statements                      | F-7

---

REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS

The Board of Directors 
  Century Milestone S&T Co., Ltd. 
  Geneva, Switzerland

We have audited the accompanying balance sheet of Century
  Milestone S&T Co., Ltd., formerly Haas Neuveux & Company, (a development-stage
  company) as of December 31, 2001, and the related statements of operations,
  stockholders' (deficit) and cash flows for the year ended December 31, 2001,
  the three months ended December 31, 2000, the year ended September 30, 2000
  and the period from October 1, 1996 through December 31, 2001. 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 audits.

We conducted our audits in accordance with auditing standards
  generally accepted in the United States of America. Those standards require
  that we plan and perform the audits 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 audits provide
  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 Century
  Milestone S&T Co., Ltd., (a development-stage company) as of December 31,
  2001, and the results of its operations, changes in its stockholders' (deficit)
  and its cash flows for the year ended December 31, 2001, the three months ended
  December 31, 2000, the year ended September 30, 2000, and the period from October
  1, 1996 through December 31, 2001 in conformity with accounting principles generally
  accepted in the United States of America.

The accompanying financial statements have been prepared assuming
  that the Company will continue as a going concern. As described in Note 1, the
  Company has suffered recurring losses from operations and has a net capital
  deficiency that raise substantial doubts about its ability to continue as a
  going concern. The financial statements do not include any adjustments that
  might result from the outcome of this uncertainty.

Schumacher & Associates, Inc. 
  Certified Public Accountants 
  2525 Fifteenth Street, Suite 3H 
  Denver, CO 80211

September 15, 2002 
  (Except for Footnote 13, which is October 6, 2003)

---

CENTURY MILESTONE S&T CO., LTD.(A Development Stage Company)

BALANCE SHEETS

|                                               |   |              |   |   | December 31, |  
|---------------------------------------------- | - | ------------ | - | - | ------------ | -
|                                               |   | December 31, |   |   | 2000         |  
|                                               |   | 2001         |   |   | (Restated)   |  
|ASSETS                                         |   |              |   |   |              |  
|                                               |   |              |   |   |              |  
|Current Assets:                                |   |              |   |   |              |  
|Total Current Assets                           | $ | -            |   | $ | -            |  
|                                               |   |              |   |   |              |  
|TOTAL ASSETS                                   | $ | -            |   | $ | -            |  
|                                               |   |              |   |   |              |  
|LIABILITIES AND STOCKHOLDERS' (DEFICIT)        |   |              |   |   |              |  
|                                               |   |              |   |   |              |  
|Current Liabilities:                           |   |              |   |   |              |  
|Accounts payable                               | $ | 29,206       |   | $ | 26,185       |  
|Accounts payable, related party                |   | 8,770        |   |   | -            |  
|Total Current Liabilities                      |   | 37,976       |   |   | 26,185       |  
|                                               |   |              |   |   |              |  
|TOTAL LIABILITIES                              |   | 37,976       |   |   | 26,185       |  
|                                               |   |              |   |   |              |  
|Commitments and contingencies                  |   |              |   |   |              |  
|(Notes 1,2,4,5,6,7,8,9,10,11,12 and 13)        |   | -            |   |   | -            |  
|                                               |   |              |   |   |              |  
|Stockholders' (Deficit):                       |   |              |   |   |              |  
|Preferred stock, $.001 par value               |   |              |   |   |              |  
|10,000,000 shares authorized,                  |   |              |   |   |              |  
|none issued and outstanding                    |   | -            |   |   | -            |  
|Common stock, $.0001 par value                 |   |              |   |   |              |  
|100,000,000 shares authorized,                 |   |              |   |   |              |  
|15,690,210 issued and outstanding              |   |              |   |   |              |  
|at December 31, 2001                           |   | 1,569        |   |   | 1,279        |  
|Additional paid in capital                     |   | 8,526,492    |   |   | 6,552,376    |  
|Accumulated (deficit)                          |   | (799,389     | ) |   | (799,389     | )
|Accumulated (deficit) during development stage |   | (7,766,648   | ) |   | (5,780,451   | )
|                                               |   |              |   |   |              |  
|TOTAL STOCKHOLDERS' (DEFICIT)                  |   | (37,976      | ) |   | (26,185      | )
|                                               |   |              |   |   |              |  
|TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)  | $ | -            |   | $ | -            |  

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

F-3

---

CENTURY MILESTONE S&T CO., LTD.(A Development Stage Company)

STATEMENTS OF OPERATIONS
  For the Period from October 1, 1996
  through December 31, 2001

|                                   |   |              |   |   |              |   |   |            |   |   | For the period   |  
|---------------------------------- | - | ------------ | - | - | ------------ | - | - | ---------- | - | - | ---------------- | -
|                                   |   |              |   |   |              |   |   |            |   |   | from             |  
|                                   |   |              |   |   | Three Months |   |   |            |   |   | October 1,       |  
|                                   |   |              |   |   | Ended        |   |   | Year Ended |   |   | 1996 (inception) |  
|                                   |   | Year Ended   |   |   | December     |   |   | September  |   |   | through          |  
|                                   |   | December 31, |   |   | 31, 2000     |   |   | 30, 2000   |   |   | December 31,     |  
|                                   |   | 2001         |   |   | (Restated)   |   |   | (Restated) |   |   | 2001             |  
|                                   |   |              |   |   |              |   |   |            |   |   |                  |  
|Revenue                            | $ | -            |   | $ | -            |   | $ | -          |   | $ | -                |  
|                                   |   |              |   |   |              |   |   |            |   |   |                  |  
|Expenses                           |   |              |   |   |              |   |   |            |   |   |                  |  
|Stock issued for services          |   |              |   |   |              |   |   |            |   |   |                  |  
|and
      other                    |   | -            |   |   | 40,500       |   |   | 3,437,500  |   |   | 5,452,900        |  
|Stock options issued for services  |   | 1,346,406    |   |   | 39,233       |   |   | 234,346    |   |   | 1,619,985        |  
|Accounting and auditing            |   | 20,459       |   |   | 22,519       |   |   | -          |   |   | 42,978           |  
|Professional fees                  |   | 10,419       |   |   | -            |   |   | -          |   |   | 10,419           |  
|Other                              |   | 8,913        |   |   | 3,666        |   |   | 5,000      |   |   | 40,366           |  
|                                   |   | 1,386,197    |   |   | 105,918      |   |   | 3,676,846  |   |   | 7,166,648        |  
|                                   |   |              |   |   |              |   |   |            |   |   |                  |  
|Net Operating (Loss)               |   | (1,386,197   | ) |   | (105,918     | ) |   | (3,676,846 | ) |   | (7,166,648       | )
|Other Income (Expenses):           |   |              |   |   |              |   |   |            |   |   |                  |  
|Bad debt from investment           |   | 400,000      |   |   | -            |   |   | -          |   |   | (400,000         | )
|Write off technology
      license |   | 200,000      |   |   | -            |   |   | -          |   |   | (200,000         | )
|                                   |   |              |   |   |              |   |   |            |   |   |                  |  
|Net (Loss)                         | $ | (1,986,197   | ) | $ | (105,918     | ) | $ | (3,552,735 | ) | $ | (7,766,648       | )
|                                   |   |              |   |   |              |   |   |            |   |   |                  |  
|Per Share                          | $ | (.13         | ) | $ | (.01         | ) | $ | (.35       | ) | $ | (.82             | )
|                                   |   |              |   |   |              |   |   |            |   |   |                  |  
|Weighted Average Shares            |   |              |   |   |              |   |   |            |   |   |                  |  
|Outstanding                        |   | 15,330,058   |   |   | 12,756,877   |   |   | 10,103,224 |   |   | 9,514,426        |  

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

F-4

---

CENTURY MILESTONE S&T CO., LTD.(A Development Stage Company)

STATEMENT OF CHANGES IN STOCKHOLDERS' (DEFICIT)
  For the Period from October 1, 1996 through December 31, 2001

|                                 |            |  |   |        |  |  |            |  |   |        |  |   | Additional |  |   |             |   |   |            |  
|-------------------------------- | ---------- |  | - | ------ |  |  | ---------- |  | - | ------ |  | - | ---------- |  | - | ----------- | - | - | ---------- | -
|                                 | Preferred  |  |   | Stock  |  |  | Common     |  |   | Stock  |  |   | Paid-in    |  |   | Accumulated |   |   |            |  
|                                 | No./Shares |  |   | Amount |  |  | No./Shares |  |   | Amount |  |   | Capital    |  |   | (Deficit)   |   |   | Total      |  
|                                 |            |  |   |        |  |  |            |  |   |        |  |   |            |  |   |             |   |   |            |  
|Balance at September 30, 1996    | -          |  | $ | -      |  |  | 2,050,410  |  | $ | 205    |  | $ | 799,184    |  | $ | (799,389    | ) | $ | -          |  
|Common stock issued              |            |  |   |        |  |  |            |  |   |        |  |   |            |  |   |             |   |   |            |  
|for services                     | -          |  |   | -      |  |  | 40,200     |  |   | 4      |  |   | 36         |  |   | -           |   |   | 40         |  
|Net (loss) for year ended        |            |  |   |        |  |  |            |  |   |        |  |   |            |  |   |             |   |   |            |  
|September 30, 1997               | -          |  |   | -      |  |  | -          |  |   | -      |  |   | -          |  |   | (78,540     | ) |   | (78,540    | )
|Balance at September 30, 1997    | -          |  |   | -      |  |  | 2,090,610  |  |   | 209    |  |   | 799,220    |  |   | (877,929    | ) |   | (78,500    | )
|Net (loss) for year ended        |            |  |   |        |  |  |            |  |   |        |  |   |            |  |   |             |   |   |            |  
|September 30, 1998               | -          |  |   | -      |  |  | -          |  |   | -      |  |   | -          |  |   | (50,000     | ) |   | (50,000    | )
|Balance at September 30, 1998    | -          |  |   | -      |  |  | 2,090,610  |  |   | 209    |  |   | 799,220    |  |   | (927,929    | ) |   | (128,500   | )
|Common stock issued              |            |  |   |        |  |  |            |  |   |        |  |   |            |  |   |             |   |   |            |  
|for business combination         |            |  |   |        |  |  |            |  |   |        |  |   |            |  |   |             |   |   |            |  
|not consummated                  | -          |  |   | -      |  |  | 7,899,600  |  |   | 790    |  |   | 1,974,110  |  |   | -           |   |   | 1,974,900  |  
|Net (loss) for year ended        |            |  |   |        |  |  |            |  |   |        |  |   |            |  |   |             |   |   |            |  
|September 30, 1999               | -          |  |   | -      |  |  | -          |  |   | -      |  |   | -          |  |   | (1,993,258  | ) |   | (1,993,258 | )
|Balance at September 30, 1999    | -          |  |   | -      |  |  | 9,990,210  |  |   | 999    |  |   | 2,773,330  |  |   | (2,921,187  | ) |   | (146,858   | )
|Common stock issued for services | -          |  |   | -      |  |  | 2,750,000  |  |   | 275    |  |   | 3,437,225  |  |   | -           |   |   | 3,437,500  |  
|Stock options issued for         |            |  |   |        |  |  |            |  |   |        |  |   |            |  |   |             |   |   |            |  
|services                         | -          |  |   | -      |  |  | -          |  |   | -      |  |   | 234,346    |  |   | -           |   |   | 234,346    |  
|Additional paid-in capital       | -          |  |   | -      |  |  | -          |  |   | -      |  |   | 27,747     |  |   | -           |   |   | 27,747     |  
|Net (loss) for year ended        |            |  |   |        |  |  |            |  |   |        |  |   |            |  |   |             |   |   |            |  
|September 30, 2000               | -          |  |   | -      |  |  | -          |  |   | -      |  |   | -          |  |   | (3,552,735  | ) |   | (3,552,735 | )
|Balance at September 30, 2000    | -          |  |   | -      |  |  | 12,740,210 |  |   | 1,274  |  |   | 6,472,648  |  |   | (6,473,922  | ) |   | -          |  
|Common stock issued for services | -          |  |   | -      |  |  | 50,000     |  |   | 5      |  |   | 40,495     |  |   | -           |   |   | 40,500     |  
|Stock options issued for         |            |  |   |        |  |  |            |  |   |        |  |   |            |  |   |             |   |   |            |  
|services                         | -          |  |   | -      |  |  | -          |  |   | -      |  |   | 39,233     |  |   | -           |   |   | 39,233     |  
|Net (loss) for three             |            |  |   |        |  |  |            |  |   |        |  |   |            |  |   |             |   |   |            |  
|months ended December 31, 2000   | -          |  |   | -      |  |  | -          |  |   | -      |  |   | -          |  |   | (105,918    | ) |   | (105,918   | )
|Balance at December 31, 2000     | -          |  |   | -      |  |  | 12,790,210 |  |   | 1,279  |  |   | 6,552,376  |  |   | (6,579,840  | ) |   | (26,185    | )
|Common stock issued              | -          |  |   | -      |  |  | 2,900,000  |  |   | 290    |  |   | 627,710    |  |   | -           |   |   | 628,000    |  
|Stock options issued for         |            |  |   |        |  |  |            |  |   |        |  |   |            |  |   |             |   |   |            |  
|services                         | -          |  |   | -      |  |  | -          |  |   | -      |  |   | 1,346,406  |  |   | -           |   |   | 1,346,406  |  
|Net (loss) for year ended        |            |  |   |        |  |  |            |  |   |        |  |   |            |  |   |             |   |   |            |  
|December 31, 2001                | -          |  |   | -      |  |  | -          |  |   | -      |  |   | -          |  |   | (1,986,197  | ) |   | (1,986,197 | )
|Balance at December 31, 2001     | -          |  | $ | -      |  |  | 15,690,210 |  | $ | 1,569  |  | $ | 8,526,492  |  | $ | (8,566,037  | ) | $ | (37,976    | )

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

F-5

---

CENTURY MILESTONE S&T CO., LTD. 
  (A Development Stage Company)

STATEMENTS OF CASH FLOWS
  For the Period from October 1, 1996
  through December 31, 2001

|                                                  |   |              |   |   |              |   |   |            |   |   | For the period   |  
|------------------------------------------------- | - | ------------ | - | - | ------------ | - | - | ---------- | - | - | ---------------- | -
|                                                  |   |              |   |   |              |   |   |            |   |   | from             |  
|                                                  |   |              |   |   | Three Months |   |   |            |   |   | October 1,       |  
|                                                  |   |              |   |   | Ended        |   |   | Year Ended |   |   | 1996 (inception) |  
|                                                  |   | Year Ended   |   |   | December     |   |   | September  |   |   | through          |  
|                                                  |   | December 31, |   |   | 31, 2000     |   |   | 30, 2000   |   |   | December 31,     |  
|                                                  |   | 2001         |   |   | (Restated)   |   |   | (Restated) |   |   | 2001             |  
|Cash Flows from Operating Activities:             |   |              |   |   |              |   |   |            |   |   |                  |  
|Net (Loss)                                        | $ | (1,986,197   | ) | $ | (105,918     | ) | $ | (3,552,735 | ) | $ | (7,766,648       | )
|Adjustment to reconcile net (loss) to             |   |              |   |   |              |   |   |            |   |   |                  |  
|net cash provided by operating activities:        |   |              |   |   |              |   |   |            |   |   |                  |  
|Stock issued for
      services and other         |   | -            |   |   | 40,500       |   |   | 3,437,500  |   |   | 5,452,900        |  
|Stock options issued
      for services           |   | 1,346,406    |   |   | 39,233       |   |   | 234,346    |   |   | 1,619,985        |  
|Valuation allowance
      for technology license  |   | 200,000      |   |   | -            |   |   | -          |   |   | 200,000          |  
|Business bad debt                                 |   | 400,000      |   |   | -            |   |   | -          |   |   | 400,000          |  
|Increase (decrease)
      in accounts payable     |   | 3,021        |   |   | 26,185       |   |   | (146,858)  |   |   | 29,246           |  
|Increase in accounts
      payable, related party |   | 8,770        |   |   | -            |   |   | -          |   |   | 8,770            |  
|Net Cash (Used in) Operating                      |   |              |   |   |              |   |   |            |   |   |                  |  
|Activities                                        |   | (28,000      | ) |   | -            |   |   | (27,747)   |   |   | (55,747          | )
|                                                  |   |              |   |   |              |   |   |            |   |   |                  |  
|Cash Flows from Investing Activities              |   | -            |   |   | -            |   |   | -          |   |   | -                |  
|                                                  |   |              |   |   |              |   |   |            |   |   |                  |  
|Cash Flows from Financing Activities:             |   |              |   |   |              |   |   |            |   |   |                  |  
|Increase in additional                            |   |              |   |   |              |   |   |            |   |   |                  |  
|paid-in
      capital                             |   | 28,000       |   |   | -            |   |   | 27,747     |   |   | 55,747           |  
|Net Cash Provided by Financing                    |   |              |   |   |              |   |   |            |   |   |                  |  
|Activities                                        |   | 28,000       |   |   | -            |   |   | 27,747     |   |   | 55,747           |  
|                                                  |   |              |   |   |              |   |   |            |   |   |                  |  
|Increase in Cash                                  |   | -            |   |   | -            |   |   | -          |   |   | -                |  
|                                                  |   |              |   |   |              |   |   |            |   |   |                  |  
|Cash, Beginning of Period                         |   | -            |   |   | -            |   |   | -          |   |   | -                |  
|                                                  |   |              |   |   |              |   |   |            |   |   |                  |  
|Cash, End of Period                               | $ | -            |   | $ | -            |   | $ | -          |   | $ | -                |  
|                                                  |   |              |   |   |              |   |   |            |   |   |                  |  
|Interest Paid                                     | $ | -            |   | $ | -            |   | $ | -          |   | $ | -                |  
|                                                  |   |              |   |   |              |   |   |            |   |   |                  |  
|Income Taxes Paid                                 | $ | -            |   | $ | -            |   | $ | -          |   | $ | -                |  

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

F-6

---

CENTURY MILESTONE S&T CO., LTD.(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS
  December 31, 2001

(1) Summary of Accounting Policies

This summary of significant accounting policies of Century
  Milestone S&T Co., Ltd., formerly Haas Neuveux & Company, (Company)
  is presented to assist in understanding the Companys financial statements.
  The financial statements and notes are representations of the Companys
  management who is responsible for their integrity and objectivity. These accounting
  policies conform to generally accepted accounting principles in the United States
  of America and have been consistently applied in the preparation of the financial
  statements.

| | (a) Description of Business
      The Company was organized on May 23, 1986 for the purpose
        of engaging in any lawful business but it is management's plan to seek
        a business combination. The Company initially selected September 30 as
        its year end, however, changed to a December 31 year end effective subsequent
        to September 30, 2000.
      (b) Use of Estimates in the Preparation of Financial Statements
      The preparation of financial statements in conformity
        with generally accepted accounting principles requires management to make
        estimates and assumptions that affect the reported amounts of assets and
        liabilities and disclosure of contingent assets and liabilities at the
        date of the financial statements and the reported amounts of revenue and
        expenses during the reporting period. Actual results could differ from
        those estimates.
      (c) Income Taxes
      As of December 31, 2001, the Company had net operating
        losses available for carryover to future years of approximately $8,600,000,
        expiring in various years through 2021. Utilization of these carryovers
        may be limited if there is a change in control of the Company. As of December
        31, 2001, the Company has total deferred tax assets of approximately $1,720,000
        due to operating loss carry forwards. However, because of the uncertainty
        of potential realization of these tax assets, the Company has provided
        a valuation allowance for the entire $1,720,000. Thus, no tax assets have
        been recorded in the financial statements as of December 31, 2001.
      (d) Restated Financial Statements
      The September 30, 2000 and December 31, 2000 financial statements have
        been restated as described in Note 11.
      (e) Basis of Presentation - Going Concern
      The accompanying financial statements have been prepared
        in conformity with generally accepted accounting principles, which contemplates
        continuation of the Company as a going concern. However, the Company has
        suffered recurring losses from operations and has a net capital deficiency
        that raise substantial doubts about its ability to continue as a going
        concern.
      In view of these matters, realization of certain of
        the assets in the accompanying balance sheet is dependent upon continued
        operations of the Company, which in turn is dependent upon the Company's
        ability to meet its financial requirements, raise additional capital,
        and the success of its future operations.
      Management is in the process of attempting to raise
        additional capital. Management believes that its ability to raise additional
        capital provides an opportunity for the Company to continue as a going
        concern.
      (f) Development Stage Company
      Based upon the Companys business plan, it is a
        development stage enterprise. Accordingly, the Company presents its financial
        statements in conformity with the accounting principles generally accepted
        in the United States of America that apply in establishing operating enterprises.
        As a development stage enterprise, the Company discloses the deficit accumulated
        during the development stage and the cumulative statements of operations
        and cash flows from the date of activity of looking for new business (inception)
        to the current balance sheet date.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

F-7

---

CENTURY MILESTONE S&T CO., LTD.(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS
  December 31, 2001

(2) Common Stock Issued

During the year ended September 30, 1999, the Company issued
  78,996,000 pre-split shares of its common stock in an attempt to complete a
  business combination. The business combination was not completed, and the shares
  were not returned to the Company. The shares issued were recorded as an expense
  in the amount of $1,974,000.

During the year ended September 30, 2000, the Company issued
  20,000,000 shares of its common stock in an attempt to complete a business combination.
  This transaction was rescinded and the 20,000,000 shares were canceled, however,
  the shares have not been returned to the Companys transfer agent as of
  this date. Also during the year ended September 30, 2000, the Company issued
  2,750,000 shares of its common stock for services valued at $3,437,500.

During the three months ended December 31, 2000, the Company
  issued 50,000 shares of its common stock for services valued at $40,500.

During the year ended December 31, 2001, the Company issued
  $2,000,000 shares of its common stock in exchange for a technology license.
  Also during the year ended December 31, 2001, the Company issued 900,000 shares
  of its common stock for stock options exercised.

(3) Stock Split

Effective July 21, 2000, the Company effected a one for ten
  reverse stock split. All references to stock outstanding have been retroactively
  adjusted as if the split had taken place on the earliest date shown.

(4) Stock Options

Effective August 15, 2000, the Company granted 500,000 stock
  options to an entity at $1.25 per share, exercisable on a pro rata basis over
  48 months, expiring December 31, 2006. These options were canceled and reissued
  at $.40 per share. These options were exercised February 16, 2001.

Also effective August 15, 2000, the Company granted 250,000
  options to its attorney at $1.25 per share, exercisable on a pro rata basis
  over 48 months, expiring December 31, 2006. These options were canceled and
  reissued at $.01 per share plus $2,500 reduction in payables. These options
  were exercised August 1, 2001.

Effective December 1, 2000, the Company granted 50,000 options
  to a consultant at $.90 per share, expiring December 31, 2002. These options
  were canceled and reissued at 100,000 options at $.28 per share. These options
  were exercised August 1, 2001.

Effective January 26, 2001, the Company granted 400,000 options
  to a consultant at $.50 per share, expiring December 31, 2002. These options
  were exercised immediately.

Effective June 5, 2001, the Company granted 500,000 options
  to a consultant at $.35 per share, exercisable on a pro rata basis over 12 months,
  expiring June 6, 2006.

Effective August 1, 2001, the Company granted 250,000 options
  to its attorney at $.28 per share, exercisable on a pro rata basis over four
  months, expiring December 31, 2006.

F-8

---

CENTURY MILESTONE S&T CO., LTD.(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS
  December 31, 2001

(5) Stock Plan

On August 15, 2000, the stockholders of the Company approved
  a plan of stock-based compensation incentives for selected eligible participants
  who are the staff and consultants of the Company. The total number of shares
  of common stock reserved for issuance by the Company either directly as stock
  awards or underlying options granted under this Plan are not to be more than
  3,500,000. Under the terms of the Plan, options can be issued to purchase shares
  of the Companys common stock. The Board of Directors has authority to
  determine the terms and conditions of each option granted to eligible participants.
  During the year ended September 30, 2000, the Company approved issuance of 2,000,000
  shares under this plan as compensation for services in the amount of $2,500,000.

The Company will account for the options issued to employees
  using the intrinsic value method of accounting prescribed by the Accounting
  Principle Board Opinion No. 25, Accounting for Stock Issued to Employees.
  The Company will also provide the pro forma disclosures required by SFAS No.
  123, Accounting for Stock Based Compensation.

(6) Accounts Payable

At September 30, 1999, the Company had accounts payable totaling
  $146,858 payable to its prior attorney. During the year ended September 30,
  2000, an agreement was entered into between the Company and the prior attorney
  whereby the Company paid $22,747 to the attorney as payment in full. The difference
  of $124,111 was waived during the year ended September 30, 2000 and recorded
  as $124,111 benefit from a discounted payable.

(7) Agreements

Effective December 1, 2000, the Company entered into an agreement
  with an individual, whereby the individual would provide consulting services
  in exchange for 50,000 shares of the Companys common stock. These shares
  were issued during the three months ended December 31, 2000. In addition, the
  Company granted to the consultant an option to acquire up to 50,000 shares of
  the Companys common stock, exercisable at $.90 per share, expiring December
  31, 2002. During the year ended December 31, 2001, these options were canceled
  and reissued for 100,000 shares at $.28 per share. These options were exercised
  during the year ended December 31, 2001 .

(8) Related Party Transactions

The Company uses the office of a shareholder at no cost. The
  Company expects this arrangement to continue until the Company commences planned
  operations. At December 31, 2001, a total of $8,770 was payable to a related
  party for costs paid on behalf of the Company.

(9) Business Combinations

Effective January 20, 1999, the Company agreed to issue 7,899,600
  shares of its common stock in exchange for shares of another entity. The 7,899,600
  shares were issued, however, the business combination was never completed and
  the Company did not receive shares for the other entity, nor were the 7,899,600
  shares of its common stock returned. An expense in the amount of $1,974,900
  was recorded for these shares not returned.

Effective August 5, 2000, the Company agreed to issue 20,000,000
  shares of its common stock in exchange for shares of another entity. The 20,000,000
  shares were issued, however, the business combination was rescinded effective
  April 25, 2001. The 20,000,000 shares have been returned to treasury.

(10) Litigation

On July 28, 1999, the Company initiated litigation to seek
  declaratory relief against an entity with which it had attempted to complete
  a business combination and certain individuals. The individuals had been representing
  themselves as officers, directors and/or legal counsel of the Company and had
  received 7,899,600 shares of the Companys common stock in an attempt to
  complete a business combination. The Company was successful in removing the
  individuals as officers, directors and/or legal counsel of the company, but
  failed to get the common stock returned. Pursuant to a settlement agreement
  dated April 18, 2000, all parties released each other from all claims relating
  to the lawsuit.

F-9

---

CENTURY MILESTONE S&T CO., LTD.(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS
  December 31, 2001

(11) Restated Financial Statements

The financial statements for the year ended September 30,
  2000 and the three months ended December 31, 2000 have been restated to account
  for $234,346 and $39,233, respectively, in stock option expense calculated using
  the Black Scholes method of accounting for stock options. Also, $25,581 in additional
  payables were accounted for in current liabilities at December 31, 2000. This
  resulted in an additional loss and additional deficit in stockholders
  (deficit) of $234,346 and $39,233 for the year ended September 30, 2000 and
  the three months ended December 31, 2000, respectively, and resulted in an additional
  $.023 and $.003 loss per share, respectively.

(12) Stock Based Compensation

As permitted by FASB Statement No. 123, Accounting for Stock-Based
  Compensation, the Company has elected to follow Accounting Principles Board
  Opinion No. 25, Accounting for Stock Issued to Employees (APB 25) and related
  interpretations in accounting for its employee option plans. Under APB 25, compensation
  expense is recognized at the time of option grant if the exercise price of the
  Companys employee stock option is below the fair market of the underlying
  common stock on the date of the grant.

The Companys Board of Directors has granted non-qualified
  stock options to non-employees of the Company. The following is a table of outstanding
  options and changes during 2000 and 2001:

|                                       |          |  |           |  | Weighted
|-------------------------------------- | -------- |  | --------- |  | --------
|                                       |          |  | Non-      |  | Average 
|                                       | Employee |  | Employee  |  | Exercise
|                                       | Options  |  | Options   |  | Price   
|                                       |          |  |           |  |         
|Options Outstanding, December 31, 1999 |         |  |          |  |        
|Options granted:                       |         |  | 800,000   |  | 1.22    
|Options expired                        |         |  |          |  |        
|Options exercised                      |         |  |          |  |        
|                                       |          |  |           |  |         
|Options Outstanding, December 31, 2000 |         |  | 800,000   |  | 1.22    
|Options granted:                       |         |  | 1,200,000 |  | .75     
|Options expired                        |         |  |          |  |        
|Options exercised                      |         |  | 1,250,000 |  |         
|                                       |          |  |           |  |         
|Options Outstanding, December 31, 2001 |         |  | 750,000   |  | .35     

Outstanding options vest as follows:

|                       | Range of Exercise |  | Number    |  |         | Weighted
|---------------------- | ----------------- |  | --------- |  | ------- | --------
|                       | Prices            |  | of shares |  |         | Average 
|                       |                   |  |           |  |         |         
|Vested at December 31, | High              |  | Low       |  |         |         
|2001                   | .35               |  | .28       |  | 375,000 |         
|2002                   | .35               |  | .35       |  | 375,000 |         
|                       |                   |  |           |  | 750,000 |         

F-10

---

CENTURY MILESTONE S&T CO., LTD.(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS
  December 31, 2001

(12) Stock Based Compensation, Continued

Options granted during 2000 and 2001 consist of:

|                                         |  | Weighted       |  |               
|---------------------------------------- |  | -------------- |  | --------------
|                                         |  | Average Fair   |  | Weighted      
|Year and Exercise price relative to fair |  | Value at Grant |  | Average       
|value
      of underlying stock          |  | Date           |  | Exercise Price
|Year ending December 31, 2000:           |  |                |  |               
|Exercise price equals fair value         |  | 750,000        |  | 1.25          
|Exercise price exceeds fair value        |  | 50,000         |  | .90           
|Year ending December 31, 2001            |  |                |  |               
|Exercise price less than fair value      |  | 400,000        |  | .50           
|Exercise price equals fair value         |  | 800,000        |  | .33           

If not previously exercised or canceled, options outstanding at December 31,
  2001 will expire as follows:

|                         | Range of Exercise |  |     |  |           | Weighted
|------------------------ | ----------------- |  | --- |  | --------- | --------
|                         | Prices            |  |     |  |           | Average 
|                         |                   |  |     |  | Number    |         
|                         | High              |  | Low |  | of Shares |         
|Year Ending December 31, |                   |  |     |  |           |         
|2006                     | .35               |  | .28 |  | 750,000   |         
|                         |                   |  |     |  | 750,000   |         

The fair value of each option granted was computed by the Black-Scholes method
  using the following weighted-average assumptions:

|                         | Year Ended        |  | Year Ended       
|------------------------ | ----------------- |  | -----------------
|                         | December 31, 2001 |  | December 31, 2000
|Expected Volatility:     | 305%              |  | 301%             
|Risk-free interest rate: | 4.01%             |  | 6.07%            
|Expected Dividends:      |                  |  |                 
|Expected Term in Years:  | 3.41              |  | 6.07             

(13) Subsequent Event

Effective October 6, 2003, the shareholders of the Company
  approved a proposal to amend the Articles of Incorporation to change the name
  of the Company from Century Milestone S&T Co., Ltd. to Sino Real Property
  Development Corporation. In addition, the shareholders approved a proposal to
  effect a reverse split of the Companys common shares on a 100 to one basis,
  with a minimum of 100 shares per shareholder. The outstanding shares post reverse-split
  have not yet been determined.

F-11

---

PART III

Item 9. Directors, Executive Officers, Promoters and Control Persons;
  Compliance with Section16(a) of the Exchange Act.

The following table sets the current director and officer of the Company, as well as his age:

|Name           | Age | Position with Company                                         | Director Since
|-------------- | --- | ------------------------------------------------------------- | --------------
|Michael Harrop | 58  | Director, Chief Executive Officer and Chief Financial Officer | 1992          

Directors serve in such capacity until the next annual meeting
  of the Company's shareholders and until their successors have been elected and
  qualified. The Company's officers serve at the discretion of the Company's Board
  of Directors, until their death, or until they resign or have been removed from
  office. The Board of Directors has no audit or compensation committees.

MICHAEL HARROP is currently the sole officer and director
  of the Company. He has been a director of the Company since 1992 and served
  as an executive officer from June 30, 1994 until June 25, 1999. Following the
  consummation of the Recession Agreement with CMST dated April 25, 2001, he became
  the sole director and executive officer of the Company.

Mr. Harrop is a graduate of Cambridge University. He worked
  in manufacturing for Coats and in marketing for DuPont, prior to building his
  own company manufacturing aircraft parts. Since the 1980's he has been active
  in restructurings and early-stage ventures worldwide. Mr. Harrop is currently
  an officer and director of two non-public entities, Beijing Development Corp.,
  and EHI Holding S.A. Mr. Harrop also currently serves as an officer and director
  of two other publicly-held companies: Jupiter Enterprises, Inc, and VIPC Communications
  Inc.

Item 10. Executive Compensation.

The following table sets forth information about compensation
  paid to, or accrued for the benefit of the Company's officers and directors
  during the years ended December 31, 2001, 2000 and 1999. None of the Company's
  directors or executive officers earned more than $100,000 during the years ended
  December 31, 2001, 2000 and 1999.

Summary Compensation Table

|                                            | Annual Compensation                   
|------------------------------------------- | --------------------------------------
|(a)
      Name And
      Principal Position | (b)
      Year Ended
      December 31
|                                            |                                       
|Michael Harrop, Director, CEO, CFO          | 2001
      2000
      1999            

6

---

|                                            |                                                    | Long Term Compensation                                    |                                                
|------------------------------------------- | -------------------------------------------------- | --------------------------------------------------------- | -----------------------------------------------
|Awards                                      | Payouts                                           
|(a)
      Name And
      Principal Position | (b)
      Year
      Ended
      December
      31 | (f)
      Restricted
      Stock
      Award(s)
      ($) | (g)
      Shares
      Underlying
      Options
|Michael Harrop, Director,
      CEO, CFO    | 2001
      2000
      1999                         | $0
      $0
      $0                                      | $0
      $0
      $0                           

Option/SAR Grants, Exercises, LTIP Awards.

Because no options, stock appreciation rights or Long-Term
  Incentive Plans have been granted to any of the executive officers, the information
  and tables otherwise required by this item which relate to such forms of compensation
  have been omitted.

There are no written employment agreements with any of the Companys executive officers.

Item 11. Security Ownership of Certain Beneficial Owners and Management.

The following table sets forth, as of September 10, 2003 the
  stock ownership of each person known to the Company to be the beneficial owner
  of five percent (5%) or more of the Company's Common Stock, each executive officer
  and director individually and all executive and directors of the Company as
  a group.

|                              |                      | Percent Owned   
|----------------------------- | -------------------- | ----------------
|Name and Address of           | Amount and Nature of | Beneficially and
|Beneficial
      Owner        | Beneficial Ownership | of Record       
|                              | (n1)                 | (n2)            
|                              |                      |                 
|                              |                      |                 
|Michael Harrop(n3)            |                      |                 
|94 Rue de Lausanne, CH1202    |                      |                 
|Geneva, Switzerland           | 2,890,400            | 18.7%           
|                              |                      |                 
|Feng Jiming                   |                      |                 
|C-101 Jinyu Plaza #100 West   |                      |                 
|Sanhuan N. Rd. Haidian Dst.   |                      |                 
|Beijing, China 100037         | 2,000,000            | 12.9%           
|                              |                      |                 
|Lyons-Warner Capital          |                      |                 
|571  57thAve. W.             |                      |                 
|Vancouver, BC Canada V6P 6S5  | 1,032,000            | 6.7%            
|                              |                      |                 
|All officers and directors of |                      |                 
|the Company as a group (one   |                      |                 
|person)                       | 2,890,400            | 18.7%           
|                              |                      |                 
|                              |                      |                 

|(n1) | Unless otherwise indicated, all shares are directly owned
      and investing power is held by the persons named in the table.                                                                                                                   
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     |                                                                                                                                                                                                                                                  
|(n2) | Based upon 15,490,210 shares of Common Stock outstanding
      as of September 10, 2003.                                                                                                                                                         
|     |                                                                                                                                                                                                                                                  
|(n3) | Mr. Harrop is an officer and director
        of the Company. His ownership includes 384,000 shares owned by Harrop
        & Cie SA, 2,500,000 shares owned by Harrop, Lees, Brown & Co.,
        and 6,400 shares owned by Mr. Harrops family.

7

---

Equity Compensation Plan Information

The Company did not have an equity compensation plan as of the end of the fiscal year ended June 30, 2001.

Item 12. Certain Relationships and Related Transactions.

On April 26, 2000, the Company executed a Preliminary Plan
  of Reorganization (the Reorganization Agreement) with Beijing Century
  Milestone S&T Co., Ltd. (CMST) and certain stockholders of CMST,
  who were issued an aggregate of 20,000,000 shares of the Companys common
  stock. Three of the CMST shareholders became officers and directors of the Company.
  Due to the inability of the parties to the Reorganization Agreement to obtain
  necessary consents and/or approvals from the Peoples Republic China to transfer
  shares of common stock of CMST to the Corporation as required by the Reorganization
  Agreement, the parties executed a Rescission Agreement dated April 25, 2001
  which terminated, unwound and rescinded the Reorganization Agreement. In connection
  with the Rescission Agreement, 20,000,000 shares of the Companys common
  stock issued to five shareholders of CMST were cancelled and returned to the
  Companys treasury and the CMST shareholders who became officers and directors
  of the Company resigned their respective positions.

Item 13. Exhibits and Reports on Form 8-K.

|              |                                |                                                                                                                                                                                                                                                                                                                                   
|------------- | ------------------------------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(a) Exhibits: | Exhibit Number and Description
|              |                                |                                                                                                                                                                                                                                                                                                                                   
|              | 2.1                            | Preliminary Plan of Reorganization between the Company and Beijing Century
      Milestone S&T Co., Ltd. dated March 6, 2000. (Incorporated by reference
      to Exhibit 2.1 of the Company's current report on Form 8-K dated April 26,
      2000 and filed May 5, 2000.)                                                      
|              |                                |                                                                                                                                                                                                                                                                                                                                   
|              | 2.2                            | Rescission Agreement between the Company, Beijing Century Milestone S&T
      Co., Ltd. (CMST), certain shareholders of CMST and Harrop, Lees,
      Brown & Co. dated April 25, 2001 (Incorporated by reference to Exhibit
      2.2 of the Companys Annual Report on Form 10-KSB for the year ended
      December 31, 2000).
|              |                                |                                                                                                                                                                                                                                                                                                                                   
|              | 3.2                            | Bylaws, as amended and currently in effect, dated May 11, 2000. (Incorporated
      by reference to Exhibit 3.2 of the Companys Quarterly Report on Form
      10-QSB for the quarter ended March 31, 2000.)                                                                                                                     
|              |                                |                                                                                                                                                                                                                                                                                                                                   
|              | 3.3                            | Articles of Incorporation, as amended on July 21, 2000, and currently
      in effect. (Incorporated by reference to Exhibit 3.3 of the Companys
      current report on Form 8-K dated July 20, 2000.)                                                                                                                          
|              |                                |                                                                                                                                                                                                                                                                                                                                   
|              | 10.1                           | Century Milestone S&T Co., Ltd. Stock Plan dated August 15, 2000.
      (Incorporated by reference to Exhibit 10.1 of the Companys registration
      statement on Form S-8 (file no. 333-45866) filed September 15, 2000.)                                                                                                      
|              |                                |                                                                                                                                                                                                                                                                                                                                   
|              | 31.1                           | Section 302 Certification by the Corporations Chief Executive Officer.
      (Filed herewith).                                                                                                                                                                                                                                   
|              |                                |                                                                                                                                                                                                                                                                                                                                   
|              | 31.2                           | Section 302 Certification by the Corporations Chief Financial Officer.
      (Filed herewith).                                                                                                                                                                                                                                   
|              |                                |                                                                                                                                                                                                                                                                                                                                   
|              | 32.1                           | Section 906 Certification by the Corporations Chief Executive Officer.
      (Filed herewith).                                                                                                                                                                                                                                   
|              |                                |                                                                                                                                                                                                                                                                                                                                   
|              | 32.2                           | Section 906 Certification by the Corporations Chief Financial Officer.
      (Filed herewith).                                                                                                                                                                                                                                   

(b) Reports on Form 8-K

The Company did not file any Current Reports on Form 8-K during the quarter
  ended December 31, 2001.

8

---

Item 14. Controls and Procedures

Based on their most recent evaluation, which was completed
  as of the end of the period covered by this periodic report on Form 10-KSB,
  the Company's Chief Executive Officer and Chief Financial Officer believe the
  Company's disclosure controls and procedures (as defined in Exchange Act Rules
  13a-14 and 15d-14) are effective to ensure that information required to be disclosed
  by the Company in this report is accumulated and communicated to the Company's
  management, including its principal executive officer and principal financial
  officer, as appropriate, to allow timely decisions regarding required disclosure.
  During the last fiscal quarter to which this report relates, there were no significant
  changes in the Company's internal controls or other factors that could significantly
  affect these controls subsequent to the date of their evaluation and there were
  no corrective actions with regard to significant deficiencies and material weaknesses.

9

---

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act,
  the Registrant caused this report to be signed on its behalf by the undersigned,
  thereunto duly authorized.

Dated: October 7, 2003

| | By: | /s/ Michael Harrop                      
| | --- | ----------------------------------------
| |     |                                         
| |     | Chief Executive Officer, Chief Financial
| |     | Officer and Director                    

10

---

EXHIBIT INDEX

Exhibit Number and Description

|2.1  | Preliminary Plan of Reorganization between the Company and Beijing Century
      Milestone S&T Co., Ltd. dated March 6, 2000. (Incorporated by reference
      to Exhibit 2.1 of the Company's current report on Form 8-K dated April 26,
      2000 and filed May 5, 2000.)                                                      
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     |                                                                                                                                                                                                                                                                                                                                   
|2.2  | Rescission Agreement between the Company, Beijing Century Milestone S&T
      Co., Ltd. (CMST), certain shareholders of CMST and Harrop, Lees,
      Brown & Co. dated April 25, 2001 (Incorporated by reference to Exhibit
      2.2 of the Companys Annual Report on Form 10-KSB for the year ended
      December 31, 2000).
|     |                                                                                                                                                                                                                                                                                                                                   
|3.2  | Bylaws, as amended and currently in effect, dated May 11, 2000. (Incorporated
      by reference to Exhibit 3.2 of the Companys Quarterly Report on Form
      10-QSB for the quarter ended March 31, 2000.)                                                                                                                     
|     |                                                                                                                                                                                                                                                                                                                                   
|3.3  | Articles of Incorporation, as amended on July 21, 2000, and currently
      in effect. (Incorporated by reference to Exhibit 3.3 of the Companys
      current report on Form 8-K dated July 20, 2000.)                                                                                                                          
|     |                                                                                                                                                                                                                                                                                                                                   
|10.1 | Century Milestone S&T Co., Ltd. Stock Plan dated August 15, 2000.
      (Incorporated by reference to Exhibit 10.1 of the Companys registration
      statement on Form S-8 (file no. 333-45866) filed September 15, 2000.)                                                                                                      
|     |                                                                                                                                                                                                                                                                                                                                   
|31.1 | Section 302 Certification by the Corporations Chief Executive Officer.
      (Filed herewith).                                                                                                                                                                                                                                   
|     |                                                                                                                                                                                                                                                                                                                                   
|31.2 | Section 302 Certification by the Corporations Chief Financial Officer.
      (Filed herewith).                                                                                                                                                                                                                                   
|     |                                                                                                                                                                                                                                                                                                                                   
|32.1 | Section 906 Certification by the Corporations Chief Executive Officer.
      (Filed herewith).                                                                                                                                                                                                                                   
|     |                                                                                                                                                                                                                                                                                                                                   
|32.2 | Section 906 Certification by the Corporations Chief Financial Officer.
      (Filed herewith).                                                                                                                                                                                                                                   

---