**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**Washington,
      D.C. 20549**





**FORM
      10-QSB**





(Mark
      One)




þ
            Quarterly
                Report Pursuant To Section 13 Or 15(d) Of The Securities Exchange
                Act Of
                1934


For
      the quarterly period ended: **October 31, 2007**





Or




o
            Transition
                Report Pursuant To Section 13 Or 15(d) Of The Securities Exchange
                Act Of
                1934


For
      the transition period from ______________ to _______________





Commission
      File Number: **33-16335**




**MALEX,
      INC.**


(Exact
      name of small business issuer as specified in its charter)




**Delaware**
            
            **74-2235008**(State
                or other jurisdiction of incorporation of organization)
            
            (I.R.S.
                Employer Identification Number)





**No.
                9 Yanyu Middle Road**
              **Qianzhou
                Village, Huishan District, Wuxi City**
              **Jiangsu
                Province, China**(Address
                of principal executive offices)**(86)
                51083397559**(Issuer’s
                telephone number)**730
                West Randolph, 6****th****Floor**
              **Chicago,
                Illinois 60661**(Former
                name, former address and former fiscal year, if changed since last
                report)




Check
      whether the issuer (1) has 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 o




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




APPLICABLE
      ONLY TO CORPORATE ISSUERS:





State
      the number of shares outstanding of each of the issuer’s classes of common
      stock, as of the latest practicable date: 36,181,969 shares of $0.00002 par
      value Common Stock outstanding as of December 20, 2007.





Transitional
      Small Business Disclosure Form (Check one): Yes oNo x










**MALEX,
      INC.**


**FORM
      10-QSB**


**QUARTERLY
      PERIOD ENDED OCTOBER 31, 2007**





**INDEX**




PagePART
                I
            
            FINANCIAL
                INFORMATIONItem
                1.
            
            Condensed
                Balance Sheet (Unaudited) - As Of October 31, 2007
            
            3Condensed
                Statements of Operations (Unaudited) - For the Three and Six Months
                Ended
                October 31, 2007 and 2006
            
            4Condensed
                Statements of Cash Flows (Unaudited) - For the Six Months Ended October
                31, 2007 and 2006
            
            5Notes
                to Unaudited Financial Statements
            
            6-Item
                2.
            
            Management’s
                Discussion and Analysis or Plan of OperationsItem
                3.
            
            Controls
                and ProceduresPART
                II
            
            OTHER
                INFORMATIONItem
                1.
            
            Legal
                ProceedingsItem
                2.
            
            Unregistered
                Sales of Equity Securities and Use of ProceedsItem
                3.
            
            Defaults
                Upon Senior SecuritiesItem
                4.
            
            Submission
                of Matters to a Vote of Security HoldersItem
                5.
            
            Other
                InformationItem
                6.
            
            ExhibitsSignatures




(REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK)




2


**PART
      I - FINANCIAL INFORMATION**





**Item
      1.**  **Financial
      Statements**




Malex,
                  Inc.BALANCE
                  SHEETOctober
                  31, 2007(Unaudited)
 
 ASSETSCURRENT
                  ASSETS:Cash
              
              $
              -Total
                  Current Assets
              
              
              -Total
                  Assets
              
              $
              -LIABILITIES
                  AND STOCKHOLDERS' DEFICIENCYCURRENT
                  LIABILITIES:Related
                  party payables
              
              $
              31,560Total
                  Current Liabilities
              
              
              31,560STOCKHOLDERS'
                  DEFICIENCY:Common
                  stock, $.00002 par value/share; 75,000,000 sharesauthorized,
                  8,416,000 issued and outstanding
              
              
              168Additional
                  paid-in capital
              
              
              14,046Accumulated
                  deficit
              
              
              (45,774
              )Total
                  Stockholder's Deficiency
              
              
              (31,560
              )Total
                  Liabilities and Stockholders' Deficiency
              
              $
              -
  See
        notes to consolidated financial
        statements.
 
 3





Malex,
                  Inc.STATEMENTS
                  OF OPERATIONS(unaudited)
 
 For
                  the Three Months Ended
              
              For
                  the Six Months EndedOctober
                  31,
              
              October
                  31,2007
              
              2006
              
              2007
              
              2006Revenues
              
              $
              -
              
              $
              -
              
              $
              -
              
              $
              -General
                  and Administrative Expenses
              
              
              14,552
              
              
              571
              
              
              18,622
              
              
              1,771LOSS
                  FROM OPERATIONS
              
              
              (14,552
              )
              
              (571
              )
              
              (18,622
              )
              
              (1,771
              )PROVISION
                  FOR INCOME TAXES
              
              
              -
              
              
              -
              
              
              -
              
              
              -NET
                  LOSS
              
              $
              (14,552
              )
              $
              (571
              )
              $
              (18,622
              )
              $
              (1,771
              )NET
                  LOSS PER SHARE - BASIC and DILUTED
              
              $
              (0.00
              )
              $
              (0.00
              )
              $
              (0.00
              )
              $
              (0.00
              )WEIGHTED
                  AVERAGE OF COMMON SHARESOUTSTANDING
                  - BASIC and DILUTED
              
              
              8,416,000
              
              
              8,416,000
              
              
              8,416,000
              
              
              8,416,000
  See
        notes to consolidated financial
        statements.
 
 4
   Malex,
                  Inc.STATEMENTS
                  OF CASH FLOWS(unaudited)
 
 For
                  the Six Months EndedOctober
                  31,2007
              
              2006CASH
                  FLOWS FROM OPERATING ACTIVITIES:Net
                  loss
              
              $
              (18,622
              )
              $
              (1,771
              )Adjustments
                  to reconcile net loss to net cash providedby
                  operating activities:Increase
                  in accounts payable - related party
              
              
              31,560
              
              
              -(decrease)
                  increase in accounts payable and accrued expenses
              
              
              (12,938
              )
              
              1,771NET
                  CASH PROVIDED BY OPERATING ACTIVITIES
              
              
              -
              
              
              -CASH
                  FLOWS FROM INVESTING ACTIVITIES:
              
              
              -
              
              
              -CASH
                  FLOWS FROM FINANCING ACTIVITIES:
              
              
              -
              
              
              -NET
                  CHANGE IN CASH
              
              
              -
              
              
              -CASH,
                  beginning of the period
              
              
              -
              
              
              -CASH,
                  end of the period
              
              $
              -
              
              $
              -Supplemental
                  disclosures of cash flow information:Cash
                  paid:Interest
              
              $
              -
              
              $
              -Taxes
              
              $
              -
              
              $
              -
 See
        notes to consolidated financial
        statements.


5


MALEX,
      INC.


NOTES
      TO UNAUDITED CONDENSED FINANCIAL STATEMENTS


OCTOBER
      31, 2007




NOTE
      1 - ORGANIZATION
      AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES




Organization




Malex,
      Inc. (the “Company”) was originally incorporated on June 24, 1987 in the State
      of Delaware and was a public reporting blind pool company with nominal assets.
      In an effort to preserve and enhance stockholder value, the Company sought
      to
      identify, evaluate and consider various companies and compatible or alternative
      business opportunities pursuant to which the Company would acquire a target
      company with an operating business and continue the acquired company’s business
      as a publicly-held entity.





After
      evaluation of various alternatives by the Company’s Board and management, on
      November 13, 2007, the Company’s Board approved and the Company entered into a
      Share Exchange Agreement (“Exchange Agreement”) by and among Fulland Limited, a
      Cayman Islands limited liability company (“Fulland”), and the stockholders of
      100% of Fulland’s common stock (the “Fulland Shareholders”), on the one hand,
      and the Company and the holder of a majority of the Company’s issued and
      outstanding common stock, on the other hand. From and after the Closing Date,
      Fulland became the Company’s wholly owned subsidiary.





At
      the
      closing of this transaction, which occurred on November 13, 2007, the Company
      issued 35,772,459 shares of its common stock to the Fulland Shareholders in
      exchange for 100% of the common stock of Fulland. Concurrently, Synergy Business
      Consulting, LLC, a Delaware limited liability company and the Company’s Majority
      Stockholder, cancelled 8,006,490 shares of the Company’s common stock held by
      it. Immediately after the Closing , Malex had a total of 36,181,969 shares
      of
      common stock outstanding, with Fulland Shareholders (and their assignees) owning
      approximately 99% of the Company’s shares, and the balance held by those who
      held the company’s common stock prior to the closing. Concurrent with the
      closing, the Company sold 3% convertible subordinated notes in the principal
      amount of $5,525,000 (see Note 2 - Subsequent Events).





Fulland
      owns 100% of Green Power Environment Technology (Shanghai) Co., Ltd.
      (“ Green
      Power ”),
      which
      is a wholly foreign-owned enterprise (“WFOE”) under the laws of the Peoples’
Republic of China (“ PRC ”
or
      “ China ”).
      Green
      Power has entered into a series of contractual arrangements (as fully described
      in the Company’s filing on Form 8-K as filed with the Securities and Exchange
      Commission on November 13, 2007) with Wuxi Huayang Dye Machine Co., Ltd.
      (“Huayang Dye Machine”) and Wuxi Huayang Electrical Power Equipment Co., Ltd.
      (“Huayang Electrical Power Equipment”, and together with Huayang Dye Machines,
      sometimes collectively referred to as the “Huayang Companies”), both of which
      are limited liability companies headquartered in, and organized under the laws
      of, the PRC.





Fulland
      is a limited liability company incorporated under the laws of the Cayman Islands
      on May 9, 2007, which was formed by the owners of the Huayang Companies as
      a
      special purpose vehicle for purposes of raising capital, in accordance with
      requirements of the PRC State Administration of Foreign Exchange (“ SAFE ”).
      Specifically, on May 31, 2007, SAFE issued an official notice known as Hi Zhong
      Fa [2007] No. 106 (“ Circular
      106 ”),
      which requires
      the owners of any Chinese company to obtain SAFE’s approval before establishing
      any offshore holding company structure for foreign financing as well as
      subsequent acquisition matters in China. Accordingly, the owners of the Huayang
      Companies, Mr. Jianhua Wu and Ms. Lihua Tang, submitted their application to
      SAFE in early September 2007. On October 11, 2007, SAFE approved their
      application, permitting these Chinese citizens to establish an offshore company,
      Fulland, as a special purpose vehicle for any foreign ownership and capital
      raising activities by the Huayang Group. After SAFE’s approval, Mr. Wu and Ms.
      Tang became the majority owners of Fulland on October 11, 2007.





At
      the
      Closing of the Share Exchange Transaction on November 13, 2007, Fulland became
      a
      wholly-owned subsidiary of Malex. Fulland, in turn, is the sole owner of Green
      Power, which has entered into a series of contractual arrangements with the
      Huayang Companies. Other than all of the issued and outstanding shares of Green
      Power, Fulland has no other assets or operations.





6




MALEX,
      INC.


NOTES
      TO UNAUDITED CONDENSED FINANCIAL STATEMENTS


OCTOBER
      31, 2007




NOTE
      1 - ORGANIZATION
      AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES— (continued)





Green
      Power, a wholly foreign owned enterprise under the laws of the PRC, was
      established on September 29, 2007. All of the issued and outstanding shares
      of
      Green Power are held by Fulland. The principal purpose of Green Power is to
      manage, hold and own rights in the business of the Huayang Companies. Other
      than
      management contracts with the aforementioned companies and related activities,
      Green Power has no other separate operations of its own.





PRC
      law
      currently has limits on foreign ownership of certain companies. To comply with
      these foreign ownership restrictions, the Company operates its businesses in
      China through the Huayang Companies, which are limited liability companies
      headquartered in China and organized under the laws of China. Each of the
      Huayang Companies has the licenses and approvals necessary to operate its
      businesses in China. The Company has contractual arrangements with the Huayang
      Companies and their respective shareholders pursuant to which the Company
      provides these companies with technology consulting and other general business
      operation services. Through these contractual arrangements, the Company also
      has
      the ability to substantially influence these companies’ daily operations and
      financial affairs, appoint their senior executives and approve all matters
      requiring shareholder approval. As a result of these contractual arrangements,
      which enable the Company to control the Huayang Companies, the Company is
      considered the primary beneficiary of the Huayang Companies. Accordingly,
      subsequent to the closing, the Company will consolidate the results, assets
      and
      liabilities of the Huayang Companies in its financial statements.





Basis
      of presentation




The
      accompanying unaudited financial statements have been prepared pursuant to
      the
      rules and regulations of the Securities and Exchange Commission (“SEC”). The
      accompanying financial statements for the interim periods are unaudited and
      reflect all adjustments (consisting only of normal recurring adjustments) which
      are, in the opinion of management, necessary for a fair presentation of the
      financial position and operating results for the periods presented. These
      financial statements should be read in conjunction with the financial statements
      for the year ended April 30, 2007 and notes thereto contained on Form 10-KSB
      of
      the Company as filed with the Securities and Exchange Commission. The results
      of
      operations for the six months ended October 31, 2007 are not necessarily
      indicative of the results for the full fiscal year ending April 30,
      2008.





NOTE
      2 - SUBSEQUENT
      EVENTS





Financing





On
      November 13, 2007, the Company sold its 3% convertible subordinated notes in
      the
      principal amount of $5,525,000 to three accredited investors including Barron
      Partners LP. The notes were sold pursuant to a securities purchase agreement
      (the “Purchase Agreement”) dated November 13, 2007. The Purchase Agreement was
      executed by the parties on November 13, 2007. The notes are convertible into
      either:




(a)  an
      aggregate of (i) 14,787,135 shares of the Company’s Series A Convertible
      Preferred Stock, par value $.001 per share (“Series A Preferred Stock”), with
      each share of Series A Preferred Stock being initially convertible into one
      (1)
      share of the Company’s common stock, par value $.001 per share, subject to
      adjustment, and (ii) common stock purchase warrants (the “Warrants”) to purchase
      11,176,504 shares of common stock at $0.58 per share, 5,588,252 shares of common
      stock at $0.83 per share, and 2,065,000 shares of common stock at $0.92 per
      share; or




(b)  an
      aggregate of (i) 14,787,135 shares of the Company’s common stock, subject to
      adjustment, and (ii) warrants to purchase 11,176,504 shares of common stock
      at
      $0.58 per share, 5,588,252 shares of common stock at $0.83 per share, and
      2,065,000 shares of common stock at $0.92 per share; or




7





MALEX,
      INC.


NOTES
      TO UNAUDITED CONDENSED FINANCIAL STATEMENTS


OCTOBER
      31, 2007





(c)  if
      the
      Company does not file a Restated Certificate of Incorporation and Certificate
      of
      Designation in order to define the rights, preferences and privileges of the
      Series A Preferred Stock, 33,616,891 shares of Common Stock.


Common
      stock will only be issued to the extent that the note is converted prior to
      the
      automatic conversion to preferred stock and warrants.




The
      notes
      provide for interest at 3% per annum. However, upon the conversion of the notes,
      Malex is to issue the stock and warrants based on the principal amount of the
      notes, and upon conversion, no interest will be due and payable. Payment of
      the
      notes is subordinated to payment of senior indebtedness, which is defined as
      indebtedness and obligations to banks, insurance companies and other
      institutional lenders.




The
      warrants have a term of five years, and expire on November 13, 2012. The
      warrants provide a cashless exercise feature; however, the holders of the
      warrants may not make a cashless exercise during the twelve months commencing
      on
      November 13, 2007 in the case of the $0.58 warrants, and during the eighteen
      (18) period commencing on November 13, 2007 in the case of the $0.83 warrants
      and $0.92 warrants, and after these respective periods only if the underlying
      shares are not covered by an effective registration statement.




The
      warrants provide that the exercise price of the warrants may be reduced by
      up to
      50%, and up to an additional 14,787,135 shares of Series A Preferred Stock
      is
      deliverable to the investors, if the Company’s pre-tax income per share of
      common stock, on a fully-diluted basis, is less than $0.08316 per share in
      fiscal 2007 and $0.13131 per share in fiscal 2008.




If
      the
      percentage shortfall for 2007 is equal to or greater than fifty percent (50%),
      then the Company is obligated to deliver 14,787,135 shares of Series A Preferred
      Stock held in escrow to the note investors in the ratio of their initial
      purchase of notes.




If
      the
      percentage shortfall for 2007 is less than fifty percent (50%), then the
      adjustment percentage shall be determined. The adjustment percentage shall
      mean
      the percentage that the percentage shortfall bears to fifty percent (50%).
      The
      Company shall deliver to the investors in the ratio of their initial purchase
      of
      Securities such number of shares of Series A Preferred Stock (held in escrow)
      as
      is determined by multiplying the adjustment percentage by 14,787,135 shares
      and
      retain the balance. For example, if the percentage shortfall is 20%, the
      adjustment percentage would be 40%, and 40% of the 14,787,135 shares of Series
      A
      Preferred Stock, or 5,914,854 shares, would be delivered to the Investors,
      with
      the balance being retain by the Escrow Agent.




If
      the
      percentage shortfall for 2008 is equal to or greater than fifty percent (50%),
      then the Company shall deliver all of the shares of Series A Preferred Stock
      then held in escrow to the investors in the ratio of their initial purchase
      of
      securities.




If
      the
      percentage shortfall for 2008 is less than fifty percent (50%), then the
      adjustment percentage for 2008 shall be determined. The adjustment percentage
      shall mean the percentage that the percentage shortfall bears to fifty percent
      (50%). The maximum number of shares to be delivered shall be determined by
      multiplying the adjustment percentage by 14,787,135 shares. The number of shares
      to be delivered to the Investors shall be the lesser of the number of shares
      of
      Series A Preferred Stock then held in escrow or the number of shares determined
      by the preceding sentence. The Company shall deliver to the investors the number
      of shares of Series A Preferred Stock as determined above in the ratio of their
      initial purchase of securities.





8







MALEX,
      INC.


NOTES
      TO UNAUDITED CONDENSED FINANCIAL STATEMENTS


OCTOBER
      31, 2007





Pre
      tax-income is defined as income before income taxes determined in accordance
      with United States generally accepted accounting principles (“GAAP”) plus (a)
      any charges relating to the transaction contemplated by the purchase agreement
      and the registration rights agreement, minus (b) the amount, if any, by which
      all non-recurring losses or expenses exceed all non-recurring items or income
      or
      gain. Pre-tax income shall not be adjusted if all non-recurring items of income
      or gain exceed all non-recurring losses or expenses. Items shall be deemed
      to be
      non-recurring only if they qualify as non-recurring pursuant to GAAP. For
      determining pre-tax income per share, all shares which are outstanding or which
      may be issuable upon exercise or conversion of options, warrants and other
      convertible securities are deemed to be outstanding, regardless of whether
      the
      shares would be counted for purposes of computing diluted earnings per shares
      under GAAP. An adjustment in the warrant exercise price does not affect the
      number of shares issuable upon exercise of the warrants.





The
      following table sets forth the exercise price of the warrants if the company’s
      pre-tax income is 20% below the threshold (a “20% shortfall”) and 50% or more
      below the threshold (a “50% shortfall”):




**$0.58 warrant**
            
            **$0.83 warrant**
            
            **$0.92 warrant**Unadjusted
            
            $
            0.580
            
            $
            0.830
            
            $
            0.92020%
                shortfall
            
            $
            0.464
            
            $
            0.664
            
            $
            0.73650%
                shortfall
            
            $
            0.290
            
            $
            0.415
            
            $
            0.460




The
      warrants also give the Company the right to call the warrants for $.01 per
      share
      if the trading price of the common stock is not less than the greater of (a)
      $1.16 or 200% of the exercise price for the $0.58 warrants, or (b) $1.66 or
      200%
      of the exercise price for the $.83 warrants, or (c) $1.84 or 200% of the
      exercise price for the $.92 warrants, on each trading day in the 20 trading
      days
      ending on the date prior to the date on which the warrants are called for
      redemption provided that the trading volume on each day in the computation
      period is at least 200,000 shares.




In
      order
      for the Company to exercise the right of redemption, a registration statement
      covering the sale of the underlying shares must be current and effective. In
      the
      event that, at any time subsequent to the date on which the warrants are called
      for redemption, the shares of common stock underlying the warrants are not
      subject to a current and effective registration statement, the Company’s right
      to call the warrants for redemption shall terminate with respect to all warrants
      that have not then been exercised or converted prior to that date.




The
      note,
      the certificate of designation and the warrants provide that those securities
      may not be exercised or converted if such conversion or exercise would result
      in
      the holder and its affiliates having beneficial ownership of more than 4.9%
      of
      the Company’s outstanding common stock. Beneficial ownership is determined in
      accordance with Section 13(d) of the Securities Exchange Act of 1934, as
      amended, and Rule 13d-3 thereunder. This limitation may not be
      waived.





The
      shares of common stock issuable upon conversion of the note or the series A
      preferred stock and upon exercise of the warrants are to be registered in
      accordance with the registration rights agreement executed in connection with
      the Purchase Agreement. The registration rights agreement provides that the
      Company will cause a registration statement to be filed within 60 days of the
      closing, and that such registration statement must be declared effective within
      150 days after the initial filing of the registration statement. If the Company
      fails to file the registration statement or cause it to become effective within
      these deadlines (or fail to maintain effectiveness), the Company will owe
      liquidated damages to the note investors in the amount of 4,860 shares of its
      Series A Preferred Stock per day (approximately 1% of the investment amount
      per
      month), up to an aggregate maximum of 1,770,000 shares of Series A Preferred
      Stock (approximately 12% of the investment amount). The Company is not required
      to pay any liquidated damages in the event that the failure of the registration
      statement to be declared effective on the applicable due date is because of
      (a)
      the failure of any investor to provide information relating to the investor
      and
      its proposed method of sale or any other information concerning the investor
      that is required to be included in the registration statement or (b) any delays
      resulting from questions raised by the SEC or any other regulatory agency,
      market or exchange concerning any investor or the affiliates of any investor.




9





MALEX,
      INC.


NOTES
      TO UNAUDITED CONDENSED FINANCIAL STATEMENTS


OCTOBER
      31, 2007




The
      Company is also not required to pay liquidated damages with respect to any
      portion of registrable securities which was not registered because of a
      reduction in shares registered in response to SEC comments. The Company’s
      obligation to register an investor’s shares ceases when the investor holds less
      than 10% of the originally registrable securities.





*Proposed
      Series A Preferred Stock*





Under
      the
      terms of the Financing, the Company agreed to file a Certificate of Amendment
      and Certificate of Designation with the Delaware Secretary of State which will
      among other things, set forth the rights, preferences and privileges of its
      Series A Preferred Stock. Upon filing of the Certificate of Amendment, the
      Company will have 25 million shares of Series A Preferred Stock authorized,
      with
      a par value of $0.001 per share. No dividends may be declared of paid to the
      holders of its common stock while the Series A Preferred Stock is outstanding.
      The holders of Series A Preferred Stock would be entitled to vote alongside
      the
      holder of common stock, on an as-converted basis. The holders of Series A
      Preferred Stock will have a liquidation preference of $0.374 per share, upon
      any
      liquidation, dissolution or winding up of the Company. Each share of Series
      A
      Preferred Stock will be convertible, either automatically in the event of a
      filing into shares of common stock at an initial conversion price of $0.374
      per
      share (the conversion ratio is determined by taking $0.374 by the conversion
      price, initially one-to-one), which conversion price will be adjusted downward
      in the event that the Company issues shares of its common stock (or common
      stock
      equivalents) at an price per share below $0.374 (i.e. a “dilutive issuance”). In
      the event of a dilutive issuance, the conversion price of the Series A Preferred
      Stock will be reduced to equal the price per share in the dilutive issuance.
      The
      Series A Preferred Stock will automatically convert to common stock at the
      applicable conversion ratio if there is a consolidation or merger in which
      the
      Company is not the surviving corporation or a sale of its assets to a company
      where the Company’s stockholders are no longer the controlling stockholders of
      the entity acquiring the assets.





10







**Item
      2.**  **Management’s
      Discussion and Analysis and Plan of Operations**





**Overview**





We
      were
      originally incorporated on June 24, 1987 in the State of Delaware. As a result
      of the Share Exchange Transaction that was completed on November 13, 2007 and
      described more fully above in the notes to the financial statements, Fulland,
      a
      Cayman Islands company which owns Green Power, a PRC company engaged in the
      research, development, manufacturing and sale of dye machines and auxiliary
      electrical power equipments, became our wholly owned subsidiary and our new
      operating business. Fulland was incorporated under the laws of the Cayman
      Islands on May 9, 2007 and conducts its business operations through its wholly
      owned subsidiary Green Power, which was incorporated under the laws of the
      People’s Republic of China and registered as a wholly foreign owned enterprise
      on September 29, 2007. The acquisition of the Fulland will be accounted for
      as a
      reverse merger because on a post-merger basis, the shareholders of Fulland
      held
      a majority of our outstanding common stock on a voting and fully-diluted basis.





***Results
      of operations***





For
      the
      six months ended October 31, 2007 and 2006, operating expenses amounted to
      $18,622 and $1,771, respectively, and consisted of administrative expenses
      for
      the maintenance of the public shell. Prior to November 13, 2007, we had no
      operations or assets and were seeking merger opportunities.





***Liquidity
      and Capital Resources***





The
      Company has met its shortfall of funds from operations during prior periods
      by
      the sale of its majority owned subsidiaries assets, and by borrowing from its
      directors and companies affiliated with its directors. Net cash used by
      operating activities for the six months ended October 31, 2007 and 2006 was
      $0
      and $0, respectively. We have been funded by our majority shareholder who has
      paid all of our expenses. Net cash used by investing activities was $0 and
      $0,
      respectively.





Our
      present need for liquidity principally relates to its obligations for its SEC
      reporting requirements and the minimal requirements for record keeping. We
      have
      limited liquid assets available for our continuing needs. In the absence of
      any
      additional liquid resources, we will be faced with cash flow
      problems.





As
      more
      fully description in Note 2 to our financial statements, on November 13, 2007,
      we sold our 3% convertible subordinated notes in the principal amount of
      $5,525,000 to three accredited investors including Barron Partners LP. The
      notes
      were sold pursuant to a securities purchase agreement (the “Purchase Agreement”)
      dated November 13, 2007. The Purchase Agreement was executed by the parties
      on
      November 13, 2007.





***Critical
      Accounting Policies and Estimates***





Our
      management's discussion and analysis of our financial condition and results
      of
      operations are based on our financial statements, which have been prepared
      in
      accordance with accounting principles generally accepted in the United States.
      The preparation of these financial statements may require us to make estimates
      and assumptions that affect the reported amounts of assets and liabilities
      and
      the disclosure of contingent assets and liabilities at the date of the financial
      statements as well as the reported net sales and expenses during the reporting
      periods. On an ongoing basis, we evaluate our estimates and assumptions. We
      base
      our estimates on historical experience and on various other factors that we
      believe are reasonable under the circumstances, the results of which form the
      basis for making judgments about the carrying value of assets and liabilities
      that are not readily apparent from other sources. Actual results may differ
      from
      these estimates under different assumptions or conditions.





11







**Item
      3.**  **Controls
      and Procedures**





As
      of the
      end of the period covered by this quarterly report, our Chief Executive Officer
      and Chief Financial Officer (together, the “Certifying Officers”) conducted
      evaluations of our disclosure controls and procedures. As defined under Sections
      13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934 Act, as amended
      (the “Exchange Act”) the term “disclosure controls and procedures” means
      controls and other procedures of an issuer that are designed to ensure that
      information required to be disclosed by the issuer in the reports that it files
      or submits under the Exchange Act is recorded, processed, summarized and
      reported, within the time periods specified in the SEC's rules and forms.
      Disclosure controls and procedures include, without limitation, controls and
      procedures designed to ensure that information required to be disclosed by
      an
      issuer in the reports that it files or submits under the Exchange Act is
      accumulated and communicated to the issuer's management, including the
      Certifying Officers, to allow timely decisions regarding required disclosure.
      Based on this evaluation, the Certifying Officers have concluded that our
      disclosure controls and procedures were effective to ensure that material
      information is recorded, processed, summarized and reported by our management
      on
      a timely basis in order to comply with our disclosure obligations under the
      Exchange Act, and the rules and regulations promulgated thereunder.




**PART
      II - OTHER INFORMATION**





**Item
      1. Legal Proceedings.**





None.





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





None.





**Item
      3. Defaults upon Senior Securities.**





None.





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





None.





**Item
      5. Other Information** .





(a)
            None.




(b)
            There
                were no changes to the procedures by which security holders may recommend
                nominees to our board of directors.




12




**Item
      6. Exhibits**





**Exhibit
                Number**
            
            **Description**31.1
            
            Certification
                of Chief Executive Officer Pursuant to Rule 13a-14(a) or Rule
                15d-14(a)31.2
            
            Certification
                of Chief Financial Officer Pursuant to Rule 13a-14(a) or Rule
                15d-14(a)32.1
            
            Certification
                of Chief Executive Officer Pursuant to Rule 13a-14(b) or Rule 15d-14(b)
                and 18 U.S.C. section 1350, as Adopted Pursuant to Section 906 of
                the
                Sarbanes-Oxley Act of 200232.2
            
            Certification
                of Chief Financial Officer Pursuant to Rule 13a-14(b) or Rule 15d-14(b)
                and 18 U.S.C. section 1350, as Adopted Pursuant to Section 906 of
                the
                Sarbanes-Oxley Act of 2002




**SIGNATURES**





In
      accordance with the requirements of the Exchange Act, the Registrant caused
      this
      report to be signed on its behalf by the undersigned, thereunto duly
      authorized.




**MALEX,
                INC.**
              (Registrant)Date:
                December 21, 2007
            By:
            /s/
                Jianhua WuJianhua
              WuChief
                Executive Officer


13