UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB


(Mark One)
  [x]     QUARTERLY REPORT UNDER SECTION 13  OR 15(d) OF THE SECURITIES EXCHANGE
                                   ACT OF 1934

                  For the quarterly period ended June 30, 2001
  [ ]     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                                   ACT OF 1934

                   For the transition period from          to
                                                  --------    --------
                         Commission file number 0-27737
                                                -------


                              eSportbike.com, Inc.
                              --------------------
        (Exact name of small business issuer as specified by its charter)


             77-0454856                                      NEVADA
---------------------------------              ---------------------------------
(IRS Employer Identification No.)              (State or other jurisdiction of
                                                Incorporation or organization)

          Suite #700-509 Richards St.,Vancouver, B.C., Canada, V6B 2Z6
       ------------------------------------------------------------------
                    (Address of principal executive offices)
                                 (604) 692-2520
                                 --------------
                           (Issuers telephone number)

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practical date: June 30, 2001 16,400,000
                                         ------------------------

Transitional Small Business Disclosure Format (check one).  Yes [ ] No [x]

<PAGE>

Part 1     Financial Information
Item 1.    Financial Statements


James Stafford         Chartered Accountant         An Incorporated Professional

                      =====================================


                            REVIEW ENGAGEMENT REPORT


To the Shareholders of
eSportbike.com, Inc.
(A development Stage Company)

I have  reviewed the balance sheet of  eSportbike.com,  Inc. as at June 30, 2001
and the statements of operations and deficit,  changes in  shareholders'  equity
and cash  flows for the  six-month  period  then  ended.  My review  was made in
accordance  with  generally   accepted  standards  for  review  engagements  and
accordingly consisted primarily of enquiry, analytical procedures and discussion
related to information supplied to me by management.

A review does not constitute an audit and consequently I do not express an audit
opinion on these financial statements.

Based on my review  nothing has come to my  attention  that causes me to believe
that these financial statements are not, in all material respects, in accordance
with generally accepted accounting principles.



                                                          /s/ James Stafford

Vancouver, Canada                                         Chartered Accountant

August 8, 2001




                     =====================================

           Suite 300, The Randall Building, 555 West Georgia Street,
                         Vancouver, BC, Canada, V6B 1Z6
  Telephone (604) 669-0711 Fax (604) 669-0754 Email j_stafford@staffordsca.com

<PAGE>
<TABLE>
<CAPTION>

eSportbike.com, Inc.
(A Development Stage Company)
Balance Sheet
(Expressed in U.S. dollars)
(Unaudited)
=========================================================================================================================
                                                                             June 30,          June 30,      December 31,
                                                                                2001             2000             2000
-------------------------------------------------------------------------------------------------------------------------
<S>                                                                       <C>              <C>              <C>
ASSETS

Current assets
    Cash and cash equivalents                                             $       3,974    $      13,101    $           -
    Accounts receivable                                                           6,148              981            4,913
    Prepaid expenses                                                              1,143            5,340            1,155
                                                                          -------------    -------------    -------------

                                                                                 11,265           19,422            6,068

Capital assets (Note 3)                                                           4,341            7,721            6,848
                                                                          -------------    -------------    -------------

                                                                          $      15,606    $      27,143    $      12,916
=========================================================================================================================

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities
    Bank indebtedness                                                     $           -    $           -               55
    Accounts payable and accrued liabilities                                     22,072            5,568           16,926
                                                                          -------------    -------------    -------------

                                                                                 22,072            5,568           16,981

Due to shareholders (Note 4)                                                    245,842          125,167          233,035
                                                                          -------------    -------------    -------------

                                                                                267,914          130,735          250,016
                                                                          -------------    -------------    -------------

Shareholders' equity
    Capital stock (Note 5)
      Authorized
        100,000,000 common shares with a par value of $.001 per share
      Issued
        16,400,000 common shares at June 30, 2001 and 2000                       16,400           16,400           16,400
      Additional paid-in capital                                                  3,812            3,812            3,812
    Deficit, accumulated during the development stage                          (272,520)        (123,804)        (257,312)
                                                                          -------------    -------------    -------------

                                                                               (252,308)        (103,592)        (237,100)
                                                                          -------------    -------------    -------------

                                                                          $      15,606    $      27,143    $      12,916
=========================================================================================================================

</TABLE>

Nature and Continuance of Operations (Note 1)

On behalf of the Board:

/s/ Xue Ming Liang           Director  /s/ Charles Spooner          Director
---------------------------            ---------------------------



These accompanying notes are an integral part of these financial statements.

<PAGE>
<TABLE>
<CAPTION>

eSportbike.com, Inc.
(A Development Stage Company)
Statement of Operations and Deficit
(Expressed in U.S. dollars)
(Unaudited)
===================================================================================================================

                                                                                        For the             For the
                                                                                      Six-month           Six-month
                                                                                   Period ended        Period ended
                                                                                       June 30,            June 30,
                                                                                           2001                2000
-------------------------------------------------------------------------------------------------------------------
<S>                                                                            <C>                 <C>
REVENUE
    Advertising                                                                $          9,262    $            981
                                                                               ----------------    ----------------

EXPENSES
    Accounting and legal                                                                  4,472               2,704
    Advertising and promotion                                                               400              62,325
    Amortization                                                                          2,505               3,578
    Bank charges and interest                                                               214                 282
    Consulting fees                                                                         775               8,111
    Insurance                                                                                 -               1,014
    Internet services                                                                    11,619                   -
    Management fees                                                                           -              17,578
    Office and miscellaneous                                                              1,150              17,887
    Rent                                                                                  2,528                   -
    Telephone                                                                               270                   -
    Transfer fees                                                                         1,059                   -
    Travel                                                                                    -               6,503
                                                                               ----------------    ----------------

                                                                                         24,992             119,982
                                                                               ----------------    ----------------

Net loss before other items                                                             (15,730)           (119,001)
                                                                               ----------------    ----------------

Other items
    Interest income                                                                           -                 483
    Foreign exchange gain                                                                   522                   -
                                                                               ----------------    ----------------


                                                                                            522                 483
                                                                               ----------------    ----------------

Net loss for the year                                                                   (15,208)           (118,518)

Deficit, accumulated during the development stage, beginning of period                 (257,312)             (5,286)
                                                                               ----------------    ----------------

Deficit, accumulated during the development stage, end of period               $       (272,520)   $       (123,804)
===================================================================================================================

Loss per share (Note 2)                                                        $         (0.002)   $          (0.01)
===================================================================================================================

</TABLE>




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


<PAGE>
<TABLE>
<CAPTION>

eSportbike.com, Inc.
(A Development Stage Company)
Statement of Changes in Shareholders' Equity
(Expressed in U.S. dollars)
(Unaudited)
===============================================================================================================================

                                                                                                     Deficit
                                                                                                 Accumulated
                                                                    Number                        During the
                                                                 Of Shares                       Development
                                                                    Issued           Amount            Stage              Total
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                          <C>              <C>              <C>              <C>

Balance at April 7, 1997 (inception)
  Shares issued for debt                                             1,000    $       1,000    $           -    $         1,000
  Net loss for the period                                                -               -                 -                  -
                                                             -------------    -------------    -------------    ---------------

Balance at December 31, 1996                                         1,000            1,000                -              1,000
  As originally reported

  Retroactive Adjustments:
    For 1000 to 1 stock split May 6, 1999                          999,000                -                -                  -
    For return of 800, 000 shares Feb. 23, 2000                   (800,000)            (800)               -               (800)
    For 27 to 1 stock split Feb. 23, 2000                        5,200,000            5,200                -              5,200
    Contributed Capital                                                  -            3,812                -              3,812
  Net loss for the period                                                -                -           (1,100)            (1,100)
                                                             -------------    -------------    -------------    ---------------

Restated Balance at January 1, 1997                              5,400,000            9,212           (1,100)             8,112
  Net loss for the period                                                -                -             (100)              (100)
                                                             -------------    -------------    -------------    ---------------

Balance at December 31, 1998                                     5,400,000            9,212           (1,200)             8,012
  Net loss for the period                                                -                -           (4,086)            (4,086)
                                                             -------------    -------------    -------------    ---------------

Balance at December 31, 1999                                     5,400,000            9,212           (5,286)             3,926
    Shares issued for debt                                      11,000,000           11,000                -             11,000
    Net loss for the period                                              -                -         (118,518)          (118,518)
                                                             -------------    -------------    -------------    ---------------

Balance at June 30, 2000                                        16,400,000           20,212         (123,804)          (103,592)
  Net loss for the period                                                -                -         (133,508)          (133,508)
                                                             -------------    -------------    -------------    ---------------

Balance at December 31, 2000                                    16,400,000           20,212         (257,312)          (237,100)
  Net loss for the period                                                -                -          (15,208)           (15,208)
                                                             -------------    -------------    -------------    ---------------

Balance at June 30, 2001                                        16,400,000    $      20,212    $    (272,520)   $      (252,308)
===============================================================================================================================

</TABLE>


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

<PAGE>
<TABLE>
<CAPTION>

eSportbike.com, Inc.
(A Development Stage Company)
Statement of Cash Flows
(Expressed in U.S. dollars)
(Unaudited)
======================================================================================================================
                                                                                               For the         For the
                                                                                             Six-month       Six-month
                                                                                          Period ended    Period ended
                                                                                              June 30,        June 30,
                                                                                                  2001            2000
----------------------------------------------------------------------------------------------------------------------
<S>                                                                                       <C>             <C>
Cash flows from operating activities
      Loss for the period                                                                 $    (15,208)   $   (118,518)
          Adjustments to reconcile loss to net cash
          used in operating activities
          Amortization of capital assets                                                         2,505           3,578
                                                                                          ------------    ------------

                                                                                               (12,703)       (114,940)
      Changes in non-cash working capital items
          (Increase) decrease in accounts receivable                                            (1,235)           (981)
          (Increase) decrease in prepaid expenses                                                   12          (5,340)
          Increase (decrease) in accounts payable                                                5,147           2,817
                                                                                          ------------    ------------

                                                                                                (8,779)       (118,444)
                                                                                          ------------    ------------

Cash flows from investing activities
      Purchase of capital assets                                                                     -         (11,299)
                                                                                          ------------    ------------

Cash flows from financing activities
      Increase (decrease) in amounts due to shareholders                                        12,808         131,844
      Issuance of capital stock                                                                      -          11,000
                                                                                          ------------    ------------

                                                                                                12,808         142,844
                                                                                          ------------    ------------

Net increase in cash and cash equivalents                                                        4,029          13,101

Cash and cash equivalents, beginning of period                                                     (55)              -
                                                                                          ------------    ------------

Cash and cash equivalents, end of period                                                  $      3,974    $     13,101
======================================================================================================================

Cash paid during the period for interest                                                  $        Nil    $        Nil
======================================================================================================================

Cash paid during the period for franchise and income taxes                                $        Nil    $        Nil
======================================================================================================================

</TABLE>




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

<PAGE>

eSportbike.com, Inc.
(A Development Stage Company)
Notes to Financial Statements
(Expressed in U.S. dollars)
(Unaudited)
June 30, 2001
================================================================================

1.       Nature and Continuance of Operations

         ESportbike.com, Inc. (the "Company") was incorporated under the laws of
the  state  of  Nevada  on April 7,  1997.  The  Company  ceased  all  operating
activities from its date of  incorporation on April 7, 1997 to July 9, 1999. The
Company is in the development  stage and is developing an Internet website which
provides  community,  content and  commerce  for the  sportbike  and  motorcycle
enthusiast.

         These financial  statements have been prepared with the assumption that
the Company will be able to realize its assets and discharge its  liabilities in
the  normal  course  of  business  rather  than  through  a  process  of  forced
liquidation.  Continued operations of the Company are dependent on the Company's
ability  to  receive  continued   financial  support,   complete  public  equity
financing, or generate profitable operations in the future.

         These  financial  statements  have been  prepared  in  accordance  with
generally accepted accounting  principles for interim financial  information and
with the instructions to Rule 10-01 of Regulation S-X. Accordingly,  they do not
include all of the  information  and  footnotes  required by generally  accepted
accounting  principles  for  complete  financial  statements.  In the opinion of
management,  adjustments  (consisting or normal recurring  accruals)  considered
necessary for a fair presentation have been included.  Operating results for the
six-month  period  ending June 30, 2001 are not  necessarily  indicative  of the
results that may be expected for the year ended  December 31, 2001.  For further
information,  refer to the financial statements of eSportbike.com,  Inc. for the
year ended December 31, 2000.

2.       Significant Accounting Policies

         Cash and cash equivalents

         Cash and cash equivalents  represent  highly liquid market  investments
with original maturities of three months or less.

         Capital assets and amortization

         Capital  assets are recorded at cost,  and  amortization  is calculated
using the straight-line  method over the estimated  economic useful lives of the
related assets as follows:

                  Furniture                          5 years straight line
                  Computer hardware                  3 years straight line
                  Intangibles                        2 years straight line

<PAGE>
<TABLE>
<CAPTION>

eSportbike.com, Inc.
(A Development Stage Company)
Notes to Financial Statements
(Expressed in U.S. dollars)
(Unaudited)
June 30, 2001
================================================================================

         Use of estimates

         The  preparation of financial  statements in conformity  with generally
accepted  accounting  principles,  requires  management  to make  estimates  and
assumptions  which affect the reported  amounts of assets and liabilities at the
date of the financial statements and the reported amount of revenue and expenses
during the  reporting  period.  Actual  results may differ from these  estimated
amounts.

         Financial instruments

         Financial  instruments are initially  recorded at historical  costs. If
subsequent  circumstances  indicate  that a decline in fair value of a financial
instrument is other than  temporary,  the financial asset is written-down to its
fair value.

         Loss per share

         Loss per share is  calculated  using  the  weighted  average  number of
shares  outstanding  during the period.  For the periods ended June 30, 2001 and
2000, the weighted average number of common shares outstanding was 8,267,397 and
8,244,809 respectively.

         Fully diluted  earnings per share  consider the dilutive  impact of the
conversion  of any  outstanding  stock options and warrants as if the events had
occurred at the beginning of the period. For the periods ended June 30, 2001 and
2000, this calculation proved to be anti-dilutive.

         Foreign exchange

         The  functional  currency of the Company is  Canadian  dollars.  Income
statement  items are translated into U.S.  dollars at the average  exchange rate
during the period.  At the balance  sheet date,  monetary  items are adjusted to
reflect the exchange rate in effect at that time.

         Exchange gains and losses  arising on the  translation or settlement of
foreign currency denominated monetary items are included in the determination of
net income for the current period.

3.       Capital Assets

         ==================================================================================================
                                                            Accumulated              Net book value
                                              Cost         Amortization    June 30, 2001     June 30, 2000
         --------------------------------------------------------------------------------------------------
<S>      <C>                             <C>              <C>              <C>               <C>
         Computer equipment              $       4,667    $       2,334    $        2,333             4,256
         Furniture and equipment                   426              128               298                 -
         Intangibles                             6,793            5,083             1,710             3,465
                                         -------------    -------------    --------------    --------------

                                         $      11,886    $       7,544    $        4,341    $        7,721
         ==================================================================================================

</TABLE>

<PAGE>

eSportbike.com, Inc.
(A Development Stage Company)
Notes to Financial Statements
(Expressed in U.S. dollars)
(Unaudited)
June 30, 2001
================================================================================

         On March 2, 2000,  the Company  entered into an  agreement  whereby the
Company purchased the assets of the proprietorship  eSportbike.com,  essentially
consisting  of the domain name.  The  purchase  price  consisted  of  CDN$10,000
(US$6,793) and the assumption of liabilities in the amount of  CAD$113,000.  The
assumption  of  liabilities  was later  renegotiated  to $1.  At June 30,  2001,
accounts payable includes $6,793 of the purchase price.

4.       Due to Shareholders

         Amounts due to shareholders  are  non-interest  bearing,  unsecured and
have no fixed terms of repayment.

5.       Capital Stock

Included as issued capital stock are  11,000,000  common shares which may not be
traded without regulatory approval.

         All references in the accompanying  financial  statements to the number
of common shares and  per-share  amounts for 2001 and 2000 have been restated to
reflect the stock splits and cancellation of shares as noted below.

         During the period ended March 31, 2000, the Company  issued  11,000,000
common  shares  valued  at  $11,000  to three  shareholders  of the  Company  as
compensation for management services (Note 6).

         On May 6, 1999 the  Board of  Directors  authorized  a 1,000 to 1 stock
split and changed the authorized number of shares to 100,000,000  shares and the
par value to $.001 for the  Company's  common  stock.  As a result of the split,
999,000 shares were issued.

         On February 23, 2000 the Board of Directors  authorized  the acceptance
of  800,000  restricted  common  shares  returned  to the  Company by its former
Officer and Director. The shares were canceled immediately upon receipt.

         On February 23, 2000 the Board of Directors  authorized a 27 to 1 stock
split. As a result of this split the Company issued 5,200,000 common shares.

6.       Related Party Transactions

         During the  six-month  period ended June 30, 2000,  the Company  issued
11,000,000 common shares valued at $11,000 to three  shareholders of the Company
as compensation for management services (Note 5).


<PAGE>

eSportbike.com, Inc.
(A Development Stage Company)
Notes to Financial Statements
(Expressed in U.S. dollars)
(Unaudited)
June 30, 2001
================================================================================

         On January 15, 2001,  the Company  entered  into an agreement  with two
directors and shareholders of the Company and certain third parties, whereby for
cash proceeds of $220,000 the directors  assigned debts of $220,000 owed to them
to the  third  party,  transferred  5,000,000  restricted  common  shares of the
Company  owned by them to the third  party,  and  resigned as  directors  of the
Company.

7.       Income Taxes

         As of June 30, 2001, the Company had a net operating loss  carryforward
for income tax reporting  purposes of approximately  $272,000 that may be offset
against  future  taxable  income.  Current  tax laws  limit  the  amount of loss
available to be offset against  future taxable income when a substantial  change
in ownership  occurs.  Therefore,  the amount available to offset future taxable
income  may be  limited.  No tax  benefit  has been  reported  in the  financial
statements,  because the Company  believes  there is a 50% or greater chance the
carryforwards will expire unused.

8.       Comparative Figures

         Certain  prior  periods'  figures have been  restated to conform to the
current period's presentation.

9.       United States Generally Accepted Accounting Policies

         These  financial  statements  have been  prepared  in  accordance  with
generally accepted accounting  principles in Canada.  These financial statements
also comply,  in all material  aspects,  with  accounting  principles  generally
accepted in the United States and the rules and  regulations  of the  Securities
and Exchange Commission.

Item 2.  Management's Discussion and Analysis of Plan of Operation

Plan of Operations.

         Sinoray Technology acquired a majority interest in eSportbike.com, Inc.
(the  "Company")  in  January  2001.  Since the  acquisition,  the  Company  has
continued  its  development  of  the   eSportbike.com  web  site  that  provides
community, content and commerce for the sportbike and motorcycle enthusiast. The
Company intends to merge the business of eSportbike.com  and Sinoray  Technology
within the next 12 months.  The  Company  then  intends to further  develop  the
sportbike  web  site-based  business  and add the  existing  business of Sinoray
Technology. The Company also plans to make strategic acquisitions of new clients
and companies also servicing the software needs of major Asian banks.

         Sinoray  Technology  provides software solutions and ongoing support to
major  Chinese  banks to assist  them in  implementing  credit  and  debit  card
strategies for their customers. Even though Sinoray Technology clients are large
banks,  they have not offered credit or debit cards to their customers on a wide
scale.  Management  believes  that this is rapidly  changing and all major Asian
banks are issuing credit cards to the bulk of their urban customers.  This rapid
expansion  together  with  the  technological  requirements  to  interface  with
international credit card services such as Visa, Mastercard and American Express
for domestic and foreign users have placed considerable technical demands on the
banks. As a result, they have outsourced these services as they generally do not
have the  capability  and  resources  internally  to meet these  needs.  Sinoray
Technology's  management  have many years of direct  experience  developing  and
supporting similar software solutions in China and internationally.

         The Company's sportbike business is focused on meeting the needs of the
sportbike and motorcycle  audience online.  The website is a location where such
individuals  can share  information,  publish  pictures,  communicate,  shop and
discover  relevant content targeted to their specific needs.  Since the web site
was  originally  launched in November  1998,  the  Company has  achieved  over 1
million unique visitors through 2000. Since re-launching eSportbike.com in March
2000, the site has enjoyed significant growth. Monthly banner ad views increased
from approximately 1.3 million in September 2000 to 2 million in December 2000.

<PAGE>

         The  e-commerce  industry in which the Company  operates the sportsbike
business is very  competitive  and brand  recognition,  quality of site content,
merchandise selection, convenience, price, and service are critical factors. The
Company  has many  established  competitors,  ranging  from  local  single  unit
operations to large  multi-national  operations.  Some of these competitors have
substantially  greater  financial  resources  and may be  established  or indeed
become  established  in areas where the Company  operates.  The  industry may be
affected by changes in  customer  tastes,  economics,  and  demographic  trends.
Factors such as inflation,  increased  supplies  costs and the  availability  of
suitable  employees may adversely affect the e-commerce  industry in general and
the Company in particular.  In view of the Company's limited financial resources
and  management  availability,  the Company will continue to be at a significant
competitive disadvantage vis-a-vis the Company's competitors.

Results of Operations.

         From  April  7,  1997 to July  9,  1999  the  Company  was an  inactive
corporation. Since July 9, 1999 the Company has been a development stage company
and had not begun  principal  operations.  Accordingly,  comparisons  with prior
periods are not meaningful.

LIQUIDITY AND CAPITAL RESOURCES

The  Company has met its capital  requirements  through the private  sale of its
common stock.

         Since  the  Company's  re-activation  in July 9,  1999,  the  Company's
principal capital requirements have been the funding of its development.

         The  Company  intends to merge the  businesses  of  eSportBike.com  and
Sinoray  Technology.  Sinoray Technology is an operating company that internally
generates adequate cash flow to fund its own operations.  Sinoray Technology has
the opportunity to acquire additional clients and businesses,  which may require
additional capital to service and develop.

         After the  completion  of its expansion  plans,  including the proposed
merger of Sinoray  Technology  and  eSportbike.com,  Inc.,  the Company  expects
future  development  and  expansion  will be  financed  through  cash  flow from
operations  and other forms of financing  such as the sale of additional  equity
and debt securities,  capital leases and other credit  facilities.  There are no
assurances  that  such  financing  will be  available  on  terms  acceptable  or
favorable to the Company.

Competition

         The Company  faces  competition  with  respect to Sinoray  Technology's
operations.  There are a number of companies servicing the software needs of the
major Asian banks.  However,  in the opinion of Management,  the specific market
niche of Sinoray  Technology is very  specialized  and few companies are able to
combine the unique  software and  operational  knowledge of Sinoray  Technology.
Companies like IBM, SLM Software and EDS all provide certain software  solutions
to these  banks.  There are also  several  domestic  Chinese  corporations  that
provide  some  aspects  of  development  and  support  to these  banks.  Sinoray
Technology  uniquely  provides a bridge between the western  standards of credit
and debit card companies and Asian operating procedures that makes them valuable
to their clients.  However,  many of the Company's  competitors operating in the
Asian markets have greater financial resources than the Company.

         The  Company  also  faces  competition  with  respect to its sport bike
business  from a wide variety of sport bike  specific  web sites,  many of which
have substantially greater financial, marketing and technological resources than
the Company.

         The  marketplace  for  Sport  Bike  specific  web sites is still in its
infancy.  Many of the web sites are not commercial,  and the biggest  commercial
sites are almost all strictly  relying on advertisers and not e-commerce  sales.
Several  sites  compete in this  market,  but no one has  emerged as an industry
leader.  We have  identified  competition  in  terms  of  specific  content  and
e-commerce  applications that are relevant to our industry. The Company competes
with several companies in respect of its sportbike operations, including but not
limited    to    Motorcycle    Online     http://www.motorcycle.com,     2wf.com
http://www.2wf.com, Motorcycle World http://www.motorcycleworld.com,  Motorcycle
Superstore    http://www.motorcycle-superstore.com    and   Imotorcyclestore.com
http://www.imotorcyclestore.com.

<PAGE>

Employees

         At June 30, 2001 the Company had no full-time employees.

PART II - OTHER INFORMATION


Item  1. Legal Proceedings

         The Company is not a party to any pending legal proceedings, and to the
best of the Company's knowledge, none of the Company's assets are the subject of
any pending legal proceedings.

Item 2.  Change in Securities

         During the second  quarter of the fiscal year  covered by this  report,
(i) the  Company  did not  modify  the  instruments  defining  the rights of its
shareholders,  (ii) no rights of any  shareholders  were limited or qualified by
any  other  class  of  securities,  and  (iii)  the  Company  did not  sell  any
unregistered equity securities.


Item 3.  Defaults Upon Senior Securities

         During the second quarter of the fiscal year covered by this report, no
material  default has occurred with respect to any  indebtedness of the Company.
Also during this quarter,  no material arrearage in the payment of dividends has
occurred.

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

         No matter was  submitted  to a vote of  security  holders,  through the
solicitation  of proxies or  otherwise,  during the second quarter of the fiscal
year covered by this report

Item  5.      Other Information

         On March 13, 2001,  Robert McLauchlan and Kent Courtice entered into an
agreement with Public Idea Capital Ltd., Xue Ming Liang,  Sinoray Technology and
the Company (the "Change in Control  Agreement")  whereby each of McLauchlan and
Courtice  transferred  5,000,000  shares of the Company  common stock to Sinoray
Technology (the "Transfer"). In exchange, Xue Ming Liang and Public Idea Capital
Ltd. assumed two hundred and twenty thousand dollars ($220,000) in debt that the
Company  owed to  McLauchlan  and Courtice and received the right to convert the
debt into shares of the Company  common stock at a price of US$0.08 per share on
a pro rata basis proportionate to who paid the debt.

         Mr.  Liang  is  a  controlling  shareholder  and  director  of  Sinoray
Technology  and Charles  Spooner is a  shareholder  and  director of Public Idea
Capital Ltd. In  connection  with the  Transfer,  McLauchlan  and Courtice  each
resigned his position as an officer and director of the Company.  As a result of
the Transfer, Sinoray Technology now owns a controlling interest in the Company.
The Company expects to merge with Sinoray Technology within the next 12 months.

<PAGE>

Item  6.      Exhibits and  Reports on  Form  8-K

The following exhibits are included as part of this report:

Exhibit
Number                      Title of Document

2.1              Change of Control Agreement dated January 15, 2001(1)
3.1              Articles of Incorporation (2)
3.2              Amended Articles of Incorporation (2)
3.3              Bylaws (2)

(1)      Incorporated by reference to the Registrant's  Form 10-QSB filed on May
         21, 2001.

(2)      Incorporated by reference to the Registrant's registration statement on
         Form 10-SB filed on October 20, 1999.

(3)      Reports on Form 8-K filed.

No reports on Form 8-K were filed during the quarter ended June 30, 2001.




<PAGE>

                                   SIGNATURES


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

                                            ESPORTBIKE.COM, INC.
                                            (Registrant)


Date: August 14, 2001                       By:  /s/ Xue Ming Liang
                                               -----------------------------
                                            Name: Xue Ming Liang
                                                 ---------------------------
                                            Title:  President and Director
                                                  --------------------------

Date: August 14, 2001                       By:  /s/ Charles Spooner
                                               -----------------------------
                                            Name: Charles Spooner
                                                 ---------------------------
                                            Title: Director
                                                  --------------------------