|   o      Annual Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 |
|---------------------------------------------------------------------------------------------------------------------------------------|
| For the fiscal year ended: December 31, 2009                                                                                          |
|                                                                                                                                  |
| x    Transition Report Under Section 13 or 15(d) of the Securities Exchange Act of 1934                           |
| For the transition period from April 30, 2009 to January 1, 2010                                                                      |

| NEVADA                                                         | 75-3268300                      |
|----------------------------------------------------------------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
|  Hangzhou MYL Business Administration Consulting Co. Ltd. |
| Room 307, Hualong Business Building,                           |
| 110 Moganshan Road, Hangzhou, P.R.China  310005      |
| (Address of Principal Executive Offices and Zip Code)          |
| (86) 0571-8880-8109                                            |
| (Registrant’s Telephone Number, Including Area Code)     |

| Securities registered pursuant to Section 12(b) of the Act: None Securities registered pursuant to Section 12(g) of the Act: Common Stock, $0.001 par value  |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

| ExhibitNumber |   | Description of Document                                                                                                      |
|---------------|--------|------------------------------------------------------------------------------------------------------------------------------|
|          |   |                                                                                                                         |
| 23.2          |   | Consent of the Independent Registered Public Accounting Firm                                                            |
| 31.1          |   | Certification Pursuant to Rule 13a-14 and 15d-14 under the Securities Exchange Act of 1934, as Amended                  |
| 31.2          |   | Certification Pursuant to Rule 13a-14 and 15d-14 under the Securities Exchange Act of 1934, as Amended                  |
| 32.1          |   | Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002  |
| 32.2          |   | Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002       |
|          |   |                                                                                                                         |

----

|   |                                                                     |                  |
|--------|--------------------------------------------------------------------------|-----------------------|
|   | CHINA EXECUTIVE EDUCATION CORP.                                          |
|   |                                                                     |                  |
|   | By                                                                  |  /s/ Kaien Liang |   |
|   | Name: Kaien LiangTitle:   Chairman and Chief Executive Officer |

----

| ExhibitNumber |   | Description of Document                                                                                                      |
|---------------|--------|------------------------------------------------------------------------------------------------------------------------------|
|          |   |                                                                                                                         |
| 23.2          |   | Consent of the Independent Registered Public Accounting Firm                                                            |
| 31.1          |   | Certification Pursuant to Rule 13a-14 and 15d-14 under the Securities Exchange Act of 1934, as Amended                  |
| 31.2          |   | Certification Pursuant to Rule 13a-14 and 15d-14 under the Securities Exchange Act of 1934, as Amended                  |
| 32.1          |   | Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002  |
| 32.2          |   | Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002       |
|          |   |                                                                                                                         |

----

| Financial Statements                                    |      |
|---------------------------------------------------------|-----------|
|                                                    |      |
| Report of Independent Registered Public Accounting Firm | F-2       |
|                                                    |      |
| Statements of Financial Position                        | F-3       |
|                                                    |      |
| Statements of Operations                                | F-4       |
|  Statements of Stockholders’ Equity          |  F-5 |
|                                                    |      |
| Statement of Cash Flows                                 | F-6       |
|                                                    |      |
| Notes to Financial Statements                           | F-7  |
|                                                    |      |

----

----

|                                                               |   |
|--------------------------------------------------------------------|--------|
| Assets                                                             |   |
|                                                               |   | December 31, |   |   | April 30, |   |
|                                                               |   | 2009 |   |   | 2009 |   |
|                                                               |   |   |   |   | (Last fiscal Year) |   |
| Current Assets                                                     |   |   |   |   |   |   |
| Cash                                                               |   | $ | 4,011 |   |   | $ | 20,390 |   |
|  Total Assets                                                 |   | $ | 4,011 |   |   | $ | 20,390 |   |
|                                                               |   |   |   |   |   |   |   |   |
|                                                               |   |   |   |   |   |   |   |   |
| Liabilities and Stockholders’ Equity (deficit)               |   |
|                                                               |   |   |   |   |   |   |   |   |
|                                                               |   |   |   |   |   |   |   |   |
| Long Term Liabilities                                              |   |   |   |   |   |   |   |   |
| Loan from Director                                                 |   | $ | 528 |   |   | $ | 528 |   |
|  Total Long Term Liabilities                                  |   | $ | 528 |   |   | $ | 528 |   |
|                                                               |   |   |   |   |   |   |   |   |
|                                                               |   |   |   |   |   |   |   |   |
| Stockholders’ Equity (deficit)                               |   |   |   |   |   |   |   |   |
|                                                               |   |   |   |   |   |   |   |   |
|  Common stock, $0.001par value, 75,000,000 shares authorized; |   |   |   |   |   |   |   |   |
|     6,510,000 shares issued and outstanding    |   |   | 6,510 |   |   |   | 6,510 |   |
|                                                               |   |   |   |   |   |   |   |   |
| Additional paid-in-capital                                         |   |   | 15,390 |   |   |   | 15,390 |   |
| Deficit accumulated during the development stage                   |   |   | (18,417 | ) |   |   | (2,038 | ) |
|  Total stockholders’ equity (deficit)                   |   |   | (3,483 | ) |   |   | 19,862 |   |
|  Total liabilities and stockholders’ equity (deficit)   |   | $ | 4,011 |   |   | $ | 20,390 |   |
|                                                               |   |
|                                                               |   |

----

|                                                                                                     |   | Three Months Ended December 31, 2009  |   | Eight Months Ended December 31, 2009  |   |   | From Inception on May 9, 2008 to December 31, 2009                                                   |   |
|----------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|--------|--------------------------------------------|--------|--------|-----------------------------------------------------------------------------------------------------------|--------|
|                                                                                                     |   |                                       |   |                                       |   |   |                                                                                                      |   |
| Expenses                                                                                                 |   |                                       |   |                                       |   |   |                                                                                                      |   |
|      General and Administrative Expenses                                        | $      | 2,554                                      |   | 17,868                                     |   | $      | 18,417                                                                                                    |   |
|            Net (loss) from Operation before Taxes |   | (2,554)                                    |   | (17,868)                                   |   |   | (18,417)                                                                                                  |   |
| Provision for Income Taxes                                                                               |   | 0                                          |   | 0                                          |   |   | 0                                                                                                         |   |
| Net (loss)                                                                                               | $      | (2,554)                                    |   | (17,868)                                   |   | $      | (18,417)                                                                                                  |   |
|                                                                                                     |   |                                       |   |                                       |   |   |                                                                                                      |   |
|                                                                                                     |   |                                       |   |                                       |   |   |                                                                                                      |   |
| (Loss) per common share – Basic and diluted                                                        | $      | (0.00)                                     |   | (0.00)                                     |   | $      | (0.00)                                                                                                    |   |
|                                                                                                     |   |                                       |   |                                       |   |   |                                                                                                      |   |
| Weighted Average Number of Common Shares Outstanding                                                     |   | 6,510,000                                  |   | 6,510,000                                  |   |   |                 3,662,951 |   |
|                                                                                                     |   |                                       |   |                                       |   |   |                                                                                                      |
|                                                                                                     |
|                                                                                                     |

----

|                                                                                    |   |   Number of  CommonShares |      |   |  Amount |   |   |   AdditionalPaid-inCapital |   |   |   DeficitAccumulatedDuringDevelopmentStage |   |   |   Total |    |
|-----------------------------------------------------------------------------------------|--------|------------------------------------------|-----------|--------|--------------|--------|--------|---------------------------------|--------|--------|-------------------------------------------------|--------|--------|--------------|---------|
|                                                                                    |   |                                     |      |   |         |   |   |                            |   |   |                                            |   |   |         |    |
| Balance at inception on May 9, 2009                                                     |   | $                                        | 0         |   |         | $      | 0      |                            |   | $      | 0                                               |   |   | $            | 0       |   |   | $ | 0 |   |
|                                                                                    |   |                                     |      |   |         |   |   |                            |   |   |                                            |   |   |         |    |   |   |   |   |   |
| February 6, 2009, Common shares issued for cash at $ 0.001          |   |                                     | 5,400,000 |   |         |   | 5,400  |                            |   |   | 0                                               |   |   |         | 0       |   |   |   | 5,400 |   |
|                                                                                    |   |                                     |      |   |         |   |   |                            |   |   |                                            |   |   |         |    |   |   |   |   |   |
| April  8 , Common shares issued  for cash at  $ 0.01 2009 |   |                                     | 1,050,000 |   |         |   | 1,050  |                            |   |   | 9,450                                           |   |   |         |    |   |   |   | 10,500 |   |
|                                                                                    |   |                                     |      |   |         |   |   |                            |   |   |                                            |   |   |         |    |   |   |   |   |   |
| April  14 , Common shares issued for cash at  $ 0.1 2009       |   |                                     | 60,000    |   |         |   | 60     |                            |   |   | 5,940                                           |   |   |         |    |   |   |   | 6,000 |   |
|                                                                                    |   |                                     |      |   |         |   |   |                            |   |   |                                            |   |   |         |    |   |   |   |   |   |
| Net (loss)                                                                              |   |                                     |      |   |         |   |   |                            |   |   |                                            |   |   |         | (2,038  | ) |   |   | (2,038 | ) |
|                                                                                    |   |                                     |      |   |         |   |   |                            |   |   |                                            |   |   |         |    |   |   |   |   |   |
| Balance as of April 30, 2009                                                            |   | $                                        | 6,510,000 |   |         |   | 6,510  |                            |   |   | 15,390                                          |   |   |         | (2,038  | ) |   | $ | (19,862 | ) |
|                                                                                    |   |                                     |      |   |         |   |   |                            |   |   |                                            |   |   |         |    |   |   |   |   |   |
| Net ( loss)                                                                             |   |                                     |      |   |         |   |   |                            |   |   |                                            |   |   |         | (16,379 | ) |   |   | (16,379 | ) |
|                                                                                    |   |                                     |      |   |         |   |   |                            |   |   |                                            |   |   |         |    |   |   |   |   |   |
| Balance as of December 31, 2009                                                         |   |                                     | 6,510,000 |   |         | $      | 6,510  |                            |   | $      | 15,390                                          |   |   | $            | (18,417 | ) |   | $ | (3,483 | ) |

----

|                                            |   |   Eight-Months EndedDecember 31, 2009 |    |   |  From Inception onMay 9,2008 toDecember 31, 2009 |   |
|-------------------------------------------------|--------|-------------------------------------------------|---------|--------|-------------------------------------------------------|--------|
| Operating Activities                            |   |                                            |    |   |                                                  |   |
| Net (loss)                                      |   | $                                               | (17,868 | )      |                                                  | $      | (18,417 | ) |
| Net cash (used) for operating activities        |   |                                            | (17,868 | )      |                                                  |   | (18,417 | ) |
|                                            |   |                                            |    |   |                                                  |   |   |   |
| Financing Activities                            |   |                                            |    |   |                                                  |   |   |   |
| Loans from Director                             |   |                                            | -       |   |                                                  |   | 528 |   |
| Sale of common stock                            |   |                                            | -       |   |                                                  |   | 21,900 |   |
|  Net cash provided by financing activities |   |                                            | -       |   |                                                  |   | 22,428 |   |
|                                            |   |                                            |    |   |                                                  |   |   |   |
| Net increase (decrease) in cash and equivalents |   |                                            | (17,868 | )      |                                                  |   | 4,011 |   |
|                                            |   |                                            |    |   |                                                  |   |   |   |
| Cash and equivalents at beginning of the period |   |                                            | 21,879  |   |                                                  |   | - |   |
|                                            |   |                                            |    |   |                                                  |   |   |   |
| Cash and equivalents at end of the period       |   | $                                               | 4,011   |   |                                                  | $      | 4,011 |   |
|                                            |   |                                            |    |   |                                                  |   |   |   |
| Supplemental cash flow information:             |   |                                            |    |   |                                                  |   |   |   |
| Cash paid for:                                  |   |                                            |    |   |                                                  |   |   |   |
| Interest                                        |   | $                                               | -       |   |                                                  | $      | - |   |
| Taxes                                           |   | $                                               | -       |   |                                                  | $      | - |   |
|                                            |   |                                            |    |   |                                                  |   |   |   |
| Non-Cash Activities                             |   | $                                               | -       |   |                                                  | $      | - |   |

----

----

----

----

----

| ASSETS                                                                                                                                                                 |   | Surmounting Limit Marketing Adviser Limited |      |   | On Demand Heavy Duty, Corp. |   |    |        |   |   | China Executive Education Corp. |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------|-----------|--------|-----------------------------|--------|---------|-------------|--------|--------|---------------------------------|--------|
|                                                                                                                                                                   |   | As of December 31                      |      |   | As of December 31      |   |    |        |   |   | As of December 31          |   |
|                                                                                                                                                                   |   | 2009                                        |      |   | 2009                        |   |    | Pro Forma   |   |   | 2009                            |   |
|                                                                                                                                                                   |   | (Audited)                                   |      |   | (Audited)                   |   |    | Adjustments |   |   | Pro Forma                       |   |
|                                                                                                                                                                   |   |                                        |      |   |                        |   |    |        |   |   |                            |   |
|                                                                                                                                                                   |   |                                        |      |   |                        |   |    |        |   |   |                            |   |
| CURRENT ASSETS                                                                                                                                                         |   |                                        |      |   |                        |   |    |        |   |   |                            |   |
|    Cash                                                                                                                                                 |   | $                                           | 6,381,770 |   |                        | $      | 4,011   |        |   |   |                            |   | $ | 6,385,781 |   |
|     Accounts receivable                                                                                                                            |   |                                        | 33,324    |   |                        |   |    |        |   |   |                            |   |   | 33,324 |   |
|     Prepaid accounts                                                                                                                               |   |                                        | 731,365   |   |                        |   |    |        |   |   |                            |   |   | 731,365 |   |
|     Other current assets ( Deposits and advances)                                                                                                  |   |                                        | 1,008,565 |   |                        |   |    |        |   |   |                            |   |   | 1,008,565 |   |
|                                                                                                                                                                   |   |                                        |      |   |                        |   |    |        |   |   |                            |   |   |   |   |
|      TOTAL CURRENT ASSETS                                                                                                                     |   |                                        | 8,155,024 |   |                        |   | 4,011   |        |   |   |                            |   |   | 8,159,035 |   |
|                                                                                                                                                                   |   |                                        |      |   |                        |   |    |        |   |   |                            |   |   |   |   |
|                                                                                                                                                                   |   |                                        |      |   |                        |   |    |        |   |   |                            |   |   |   |   |
| Property and equipment - net of accumulated depreciation of $  7,134                                                                                         |   |                                        | 87,369    |   |                        |   |    |        |   |   |                            |   |   | 87,369 |   |
| Real property rights held for investment                                                                                                                               |   |                                        | 91,505    |   |                        |   |    |        |   |   |                            |   |   | 91,505 |   |
|                                                                                                                                                                   |   |                                        |      |   |                        |   |    |        |   |   |                            |   |   |   |   |
|      TOTAL OTHER ASSETS                                                                                                                       |   |                                        | 178,874   |   |                        |   |    |        |   |   |                            |   |   | 178,874 |   |
|                                                                                                                                                                   |   |                                        |      |   |                        |   |    |        |   |   |                            |   |   |   |   |
|                                                                                                                                                                   |   |                                        |      |   |                        |   |    |        |   |   |                            |   |   |   |   |
|                   TOTAL ASSETS                                               |   | $                                           | 8,333,898 |   |                        | $      | 4,011   |        |   |   | -                               |   |   | $ | 8,337,909 |   |
|                                                                                                                                                                   |   |                                        |      |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
|                                                                                                                                                                   |   |                                        |      |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                                                                                                         |   |                                        |      |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
|                                                                                                                                                                   |   |                                        |      |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
| Minority Interest                                                                                                                                                      |   | $                                           | (94,955   | )      |                        |   |    |        |   |   |                            |   |   | $ | (94,955 | ) |
| Commitments and Contingencies                                                                                                                                          |   |                                        |      |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
|                                                                                                                                                                   |   |                                        |      |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
| CURRENT LIABILITIES                                                                                                                                                    |   |                                        |      |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
|    Advance from customers                                                                                                                               |   |                                        | 3,628,810 |   |                        |   |    |        |   |   |                            |   |   |   | 3,628,810 |   |
|    Accrued wages and benefits                                                                                                                           |   |                                        | 90,419    |   |                        |   |    |        |   |   |                            |   |   |   | 90,419 |   |
|    Corporation income and business taxes payable                                                                                                        |   |                                        | 537,541   |   |                        |   |    |        |   |   |                            |   |   |   | 537,541 |   |
|    Other payables                                                                                                                                       |   |                                        | 592,788   |   |                        |   |    |        |   |   |                            |   |   |   | 592,788 |   |
|    Dividend payable                                                                                                                                     |   |                                        | 2,878,504 |   |                        |   |    |        |   |   |                            |   |   |   | 2,878,504 |   |
|    Loan from director                                                                                                                                   |   |                                        | -         |   |                        | $      | 528     |        |   |   | (528                            | )      |   |   | - |   |
| TOTAL CURRENT LIABILITIES                                                                                                                                              |   |                                        | 7,728,062 |   |                        |   | 528     |        |   |   | (528                            | )      |   |   | 7,728,062 |   |
|                                                                                                                                                                   |   |                                        |      |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
|                                                                                                                                                                   |   |                                        |      |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
|                                                                                                                                                                   |   |                                        |      |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
| STOCKHOLDERS' EQUITY (DEFICIT)                                                                                                                                         |   |                                        |      |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
|    Common stock                                                                                                                                         |   |                                        | 87,871    |   |                        |   | 6,510   |        |   |   | (6,510                          | )      |   |   | 87,871 |   |
|    Additional paid-in capital                                                                                                                           |   |                                        |      |   |                        |   | 15,390  |        |   |   | 7,038                           |   |   |   | 22,428 |   |
|    Statutory reserve                                                                                                                                    |   |                                        | 358,026   |   |                        |   |    |        |   |   |                            |   |   |   | 358,026 |   |
|    Retained earnings (Deficit)                                                                                                                          |   |                                        | 253,302   |   |                        |   | (18,417 | )           |   |   | -                               |   |   |   | 234,885 |   |
|    Other comprehensive loss - foreign currency translation                                                                                              |   |                                        | 1,591     |   |                        |   |    |        |   |   |                            |   |   |   | 1,591 |   |
|                                                                                                                                                                   |   |                                        | -         |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
|      TOTAL STOCKHOLDERS' EQUITY                                                                                                               |   |                                        | 700,791   |   |                        |   | 3,483   |        |   |   | 528                             |   |   |   | 704,801 |   |
|                                                                                                                                                                   |   |                                        |      |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
|                                                                                                                                                                   |   |                                        |      |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
|                    TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) |   |                                        | 8,333,898 |   |                        | $      | 4,011   |        |   |   | -                               |   |   | $ | 8,337,909 |   |

----

|                                                                         |   |                                        |       |   |                        |   |    |        |   |   |                            |   |
|------------------------------------------------------------------------------|--------|---------------------------------------------|------------|--------|-----------------------------|--------|---------|-------------|--------|--------|---------------------------------|--------|
|                                                                         |   | Surmounting Limit Marketing Adviser Limited |       |   | On Demand Heavy Duty, Corp. |   |    |        |   |   | China Executive Education Corp. |   |
|                                                                         |   | For the year ended                          |       |   | 9-months ended              |   |    |        |   |   | As of December 31          |   |
|                                                                         |   | Dec 31, 2009                                |       |   | Dec 31, 2009                |   |    | Pro Forma   |   |   | 2009                            |   |
|                                                                         |   | (Audited)                                   |       |   | (Audited)                   |   |    | Adjustments |   |   | Pro Forma                       |   |
|                                                                         |   |                                        |       |   |                        |   |    |        |   |   |                            |   |
| Revenue                                                                      |   | $                                           | 9,140,166  |   |                        |   |    |        | $      |   |                            |   | $ | 9,140,166 |   |
|     Less) Tax on operating income                        |   |                                        | (466,149   | )      |                        |   |    |        |   |   |                            |   |   | (466,149 | ) |
|                                                                         |   |                                        |       |   |                        |   |    |        |   |   |                            |   |   |   |   |
|  TOTAL NET REVENUE                                                      |   |                                        | 8,674,017  |   |                        |   |    |        |   |   |                            |   |   | 8,674,017 |   |
|                                                                         |   |                                        |       |   |                        |   |    |        |   |   |                            |   |   |   |   |
|                                                                         |   |                                        |       |   |                        |   |    |        |   |   |                            |   |   |   |   |
|  COST OF REVENUES                                                       |   |                                        | 2,861,710  |   |                        |   |    |        |   |   |                            |   |   | 2,861,710 |   |
|                                                                         |   |                                        |       |   |                        |   |    |        |   |   |                            |   |   |   |   |
|                                                                         |   |                                        |       |   |                        |   |    |        |   |   |                            |   |   |   |   |
|  GROSS PROFIT                                                           |   |                                        | 5,812,307  |   |                        |   |    |        |   |   |                            |   |   | 5,812,307 |   |
|                                                                         |   |                                        | -          |   |                        |   |    |        |   |   |                            |   | #DIV/0! |   |
|                                                                         |   |                                        |       |   |                        |   |    |        |   |   |                            |   |   |   |   |
|  OPERATING COSTS                                                        |   |                                        |       |   |                        |   |    |        |   |   |                            |   |   |   |   |
|     Selling expenses                                     |   |                                        | 65,345     |   |                        |   |    |        |   |   |                            |   |   | 65,345 |   |
|     General and administrative expenses                  |   |                                        | 902,629    |   |                        |   | 17,868  |        |   |   |                            |   |   |   | 920,497 |   |
|     Depreciation expense                                 |   |                                        | 7,134      |   |                        |   |    |        |   |   |                            |   |   |   | 7,134 |   |
|                                                                         |   |                                        |       |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
|  Total Operating Costs                                                  |   |                                        | 975,108    |   |                        |   | 17,868  |        |   |   |                            |   |   |   | 992,976 |   |
|                                                                         |   |                                        |       |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
|  OPERATING INCOME (LOSS)                                                |   |                                        | 4,837,199  |   |                        |   | (17,868 | )           |   |   |                            |   |   |   | 4,819,331 |   |
|                                                                         |   |                                        |       |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
|  OTHER INCOME & (EXPENSES)                                          |   |                                        |       |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
|                                                                         |   |                                        |       |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
|     Donation for earthquake relief                       |   |                                        | (146,383   | )      |                        |   |    |        |   |   |                            |   |   |   | (146,383 | ) |
|     Non operating expense                                |   |                                        | (9,140     | )      |                        |   |    |        |   |   |                            |   |   |   | (9,140 | ) |
|     Interest income                                      |   |                                        | 1,577      |   |                        |   |    |        |   |   |                            |   |   |   | 1,577 |   |
|                                                                         |   |                                        |       |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
|  Total Other Income & (Expenses)                                    |   |                                        | (153,946   | )      |                        |   |    |        |   |   |                            |   |   |   | (153,946 | ) |
|                                                                         |   |                                        |       |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
|                                                                         |   |                                        |       |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
|  NET INCOME BEFORE INCOME TAX & BENEFIT                             |   |                                        | 4,683,253  |   |                        |   | (17,868 | )           |   |   |                            |   |   |   | 4,665,385 |   |
|                                                                         |   |                                        |       |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
|                                                                         |   |                                        |       |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
|  Current income taxes                                                   |   |                                        | (1,193,421 | )      |                        |   |    |        |   |   |                            |   |   |   | (1,193,421 | ) |
|   Minority interest, net of taxes                                  |   |                                        | (182,784   | )      |                        |   |    |        |   |   |                            |   |   |   | (182,784 | ) |
|                                                                         |   |                                        |       |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
|  NET INCOME (LOSS)                                                      |   | $                                           | 3,307,048  |   |                        | $      | (17,868 | )           |   |   |                            |   |   | $ | 3,289,180 |   |
|                                                                         |   |                                        |       |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
|                                                                         |   |                                        |       |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
|  COMPREHENSIVE LOSS:                                                    |   |                                        |       |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
|      Unrealized foreign currency translation income |   |                                        | 1,591      |   |                        |   |    |        |   |   |                            |   |   |   | 1,591 |   |
|                                                                         |   |                                        |       |   |                        |   |    |        |   |   |                            |   |   |   |   |   |
|       COMPREHENSIVE LOSS                       |   | $                                           | 3,308,639  |   |                        | $      | (17,868 | )           |   |   |                            |   |   | $ | 3,290,771 |   |

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