<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB


[X]      Quarterly Report Under Section 13 or 15(d) of the Securities Exchange
         Act of 1934.

         For the quarterly period ended: June 30, 2005

[ ]      Transition Report Under Section 13 or 15(d) of the Exchange Act.


                         Commission File Number: 0-31153


                               AP HENDERSON GROUP
                               ------------------
        (Exact name of small business issuer as specified in its charter)


           Nevada                                                 88-0355504
           ------                                                 ----------
(State or other jurisdiction                                    (IRS Employer
     of incorporation)                                       Identification No.)


-----------------------------------------------                     -----
   (Address of principal executive offices)

                       950 EULALIA ROAD NE
                       CITY:                            ATLANTA
                       STATE:                           GA
                       ZIP:                             30319


       Registrant's telephone number, including area code: 404-816-9220


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

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the last practicable date: As of August 20, 2005 the Issuer had
issued and outstanding 46,502,058 shares of common stock $.001.

<PAGE>

PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements


                               AP HENDERSON GROUP
                         (A DEVELOPMENT STAGE COMPANY)
                           CONSOLIDATED BALANCE SHEET
                                 JUNE 30, 2005
                                  (UNAUDITED)

                                     ASSETS


Current assets
    Cash                                                         $    42,415
                                                                 ------------
      Total current assets                                            42,415

Other intangible assets
    Patents                                                            4,427
                                                                 ------------

Total assets                                                     $    46,842
                                                                 ============

                      LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities
    Accounts payable                                             $   217,666
    Accrued payroll liabilites, officer                               56,500
    Due to related parties                                           814,247
                                                                 ------------
      Total current liabilities                                    1,088,413
                                                                 ------------

      Total liabilities                                            1,088,413

Stockholders' deficit
    Preferred stock; $.001 par value; 25,000,000 shares
      authorized, no shares issued and outstanding                        --
    Common stock; $.001 par value; 200,000,000 shares
      authorized, 41,502,058 shares issued and outstanding            41,502
    Additional paid-in capital                                     8,381,634
    Accumulated deficit during development stage                  (9,464,707)
                                                                 ------------
      Total stockholders' deficit                                 (1,041,571)
                                                                 ------------

      Total liabilities and stockholders' deficit                $    46,842
                                                                 ============


          See Accompanying Notes to Consolidated Financial Statements

                                       2
<PAGE>
<TABLE>
                                                        AP HENDERSON GROUP
                                                  (A DEVELOPMENT STAGE COMPANY)
                                              CONSOLIDATED STATEMENTS OF OPERATIONS
                                                           (UNAUDITED)

                                                                                                                     Period from
                                                                                                                    June 13, 1994
                                                       For the three   For the three  For the six   For the six  (Date of inception)
                                                       months ended    months ended  months ended   months ended       through
                                                       June 30, 2005  June 30, 2004  June 30, 2005  June 30, 2004    June 30, 2005
                                                       -------------  -------------  -------------  -------------    -------------
<S>                                                    <C>            <C>            <C>            <C>              <C>
Revenue                                                $         --   $         --   $         --   $         --     $         --

Operating expenses
   General and administrative                                86,445         15,000        133,269         27,095        1,613,933
                                                       -------------  -------------  -------------  -------------    -------------

    Total operating expenses                                 86,445         15,000        133,269         27,095        1,613,933
                                                       -------------  -------------  -------------  -------------    -------------

Loss from operations                                        (86,445)       (15,000)      (133,269)       (27,095)      (1,613,933)

Other income (expense)
   Interest income                                               --             --             --             --              656
   Loss on disposal of investments                               --             --     (7,905,000)            --       (7,905,000)
   Other income                                                  --             --         63,750             --           63,750
                                                       -------------  -------------  -------------  -------------    -------------

    Total other income (expense)                                 --             --     (7,841,250)            --       (7,840,594)
                                                       -------------  -------------  -------------  -------------    -------------

Income (loss) before provision for income taxes             (86,445)       (15,000)    (7,974,519)       (27,095)      (9,454,527)

Provision for income taxes                                       --             --             --             --               --
                                                       -------------  -------------  -------------  -------------    -------------

Income (loss) before minority interests                          --             --             --             --
Income (loss) applicable to minority interest                    --             --             --             --
                                                       -------------  -------------  -------------  -------------    -------------

Net loss                                               $         --   $         --   $ (7,974,519)  $         --     $ (9,454,527)
                                                       =============  =============  =============  =============    =============

Basic and diluted loss per common share                $       0.00   $       0.00   ($      0.17)  $       0.00
                                                       =============  =============  =============  =============

Basic and diluted weighted average
   common shares outstanding                             41,502,058     92,502,058     46,653,598     71,739,508
                                                       =============  =============  =============  =============

                                   See Accompanying Notes to Consolidated Financial Statements

                                                                3
</TABLE>
<PAGE>
<TABLE>
                                                        AP HENDERSON GROUP
                                                  (A DEVELOPMENT STAGE COMPANY)
                                         CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT
                                                           (UNAUDITED)


                                                                                                         Accumulated
                                          Outstanding shares                               Additional   Deficit During     Total
                                       ------------------------   Preferred      Common      Paid-in     Development   Stockholders'
                                       Preferred      Common        Stock        Stock       Capital        Stage        Deficit
                                       ---------- ------------- ------------- ------------ ------------- ------------- ------------
<S>                                           <C>    <C>        <C>           <C>          <C>           <C>           <C>
Balance at June 13, 1994
   (Date of  inception)                       --            --  $         --  $        --  $         --  $         --  $        --

Issuance of common stock to founders,
  $0.001 per share                            --    39,375,002            --       39,375            --            --       39,375

Net loss                                      --            --            --           --            --       (39,499)     (39,499)
                                       ---------- ------------- ------------- ------------ ------------- ------------- ------------

Balance, December 31, 1995                    --    39,375,002            --       39,375            --       (39,499)        (124)

Net loss                                      --            --            --           --            --            --           --
                                       ---------- ------------- ------------- ------------ ------------- ------------- ------------

Balance, December 31, 1996                    --    39,375,002            --       39,375            --       (39,499)        (124)

Net loss                                      --            --            --           --            --            --           --
                                       ---------- ------------- ------------- ------------ ------------- ------------- ------------

Balance, December 31, 1997                    --    39,375,002            --       39,375            --       (39,499)        (124)

Net loss                                      --            --            --           --            --            --           --
                                       ---------- ------------- ------------- ------------ ------------- ------------- ------------

Balance, December 31, 1998                    --    39,375,002            --       39,375            --       (39,499)        (124)

Net loss                                      --            --            --           --            --            --           --
                                       ---------- ------------- ------------- ------------ ------------- ------------- ------------

Balance, December 31, 1999                    --    39,375,002            --       39,375            --       (39,499)        (124)

Net loss                                      --            --            --           --            --       (31,295)     (31,295)
                                       ---------- ------------- ------------- ------------ ------------- ------------- ------------

Balance, December 31, 2000                    --    39,375,002            --       39,375            --       (70,794)     (31,419)

Net loss                                      --            --            --           --            --        (5,056)      (5,056)
                                       ---------- ------------- ------------- ------------ ------------- ------------- ------------

Balance, December 31, 2001                    --    39,375,002            --       39,375            --       (75,850)     (36,475)

Net loss                                      --            --            --           --            --        (6,998)      (6,998)
                                       ---------- ------------- ------------- ------------ ------------- ------------- ------------

Balance, December 31, 2002                    --    39,375,002            --       39,375            --       (82,848)     (43,473)

Net loss                                      --            --            --           --            --      (646,935)    (646,935)
                                       ---------- ------------- ------------- ------------ ------------- ------------- ------------

Balance, December 31, 2003                    --    39,375,002            --       39,375            --      (729,783)    (690,408)

Issuance of common stock for
  acquisition of Slide View Corp.                    2,104,013            --        2,104       (67,903)           --      (65,799)

Issuance of common stock for services                   23,043            --           23       112,312            --      112,335

Contribution of capital from
   former officers                                                                               36,975                     36,975

Issuance of common stock for
  purchase of securities in
  Seaside Investments PLC                     --    10,200,000            --       10,200     9,169,800            --    9,180,000

Issuance of common stock for
  commission fees related to
  Seaside Investments PLC                     --       510,000            --          510       458,490            --      459,000

Net loss                                      --            --            --           --            --      (760,405)    (760,405)
                                       ---------- ------------- ------------- ------------ ------------- ------------- ------------

Balance, December 31, 2004                    --    52,212,058  $         --  $    52,212  $  9,709,674  $ (1,490,188) $ 8,271,698

Rescission of stock for services              --      (510,000)           --         (510)      (63,240)           --      (63,750)

Recission of common stock related to
  Seaside Investments PLC                     --   (10,200,000)           --      (10,200)   (1,264,800)           --   (1,275,000)

Net loss                                      --            --            --           --            --    (7,974,519)  (7,974,519)
                                       ---------- ------------- ------------- ------------ ------------- ------------- ------------

Balance, June 30, 2005                        --    41,502,058            --       41,502     8,381,634    (9,464,707)  (1,041,571)
                                       ========== ============= ============= ============ ============= ============= ============

                                   See Accompanying Notes to Consolidated Financial Statements
</TABLE>
                                                                4
<PAGE>
<TABLE>

                                                   AP HENDERSON GROUP
                                             (A DEVELOPMENT STAGE COMPANY)
                                         CONSOLIDATED STATEMENTS OF CASH FLOWS
                                                      (UNAUDITED)


                                                                                                                 Period from
                                                                                                                June 13, 1994
                                                                    For the six           For the six        (Date of Inception)
                                                                    months ended          months ended             through
                                                                    June 30, 2005         June 30, 2004         June 30, 2005
                                                                     ------------          ------------          ------------
<S>                                                                  <C>                   <C>                   <C>
Cash flows from operating activities:
   Net loss                                                          $(7,974,519)          $   (27,095)          $(9,454,527)
   Adjustments to reconcile net loss to
    net cash used by operating activities:
     Stock based expenses                                                (63,750)                   --               507,585
     Loss on disposal of investments                                   7,905,000                    --             7,905,000
   Changes in operating assets and liabilities:
     Increase in accounts payable and accrued liabilities                 13,025                27,136               301,261
     Increase in due to related parties                                  162,659                    --               814,247
                                                                     ------------          ------------          ------------
         Net cash used by operating activities                            42,415                    41                73,566
                                                                     ------------          ------------          ------------

Cash flow from investing activities:
   Acquisiton of subsidiaries, net of cash                                    --                    --               (70,226)
                                                                     ------------          ------------          ------------
         Net cash provided by investing activities                            --                    --               (70,226)
                                                                     ------------          ------------          ------------

Cash flows from financing activities:
   Change in common stock                                                     --                    --                 2,100
   Contribution of capital from former officers                               --                    --                36,975
                                                                     ------------          ------------          ------------
         Net cash provided by financing activities                            --                    --                39,075
                                                                     ------------          ------------          ------------

Net increase in cash                                                      42,415                    41                42,415

Cash, beginning of period                                                     --                 2,000                    --
                                                                     ------------          ------------          ------------

Cash, end of period                                                  $    42,415           $     2,041           $    42,415
                                                                     ============          ============          ============

Schedule of non-cash transactions:
   Acquired asset related to acquired business                       $        --           $        --           $     4,427
                                                                     ============          ============          ============
   Acquired liability related to acquired business                   $        --           $        --           $   (70,267)
                                                                     ============          ============          ============
Stock issued for services, 23,043 shares                             $        --           $        --           $   112,335
                                                                     ============          ============          ============
Return of stock issued for shares of Seaside
   Investments, Inc.,  10,200,000 shares at $0.90 per share          $(9,180,000)          $        --           $        --
                                                                     ============          ============          ============
Return of stock issued for commission on Seaside
   Investments, Inc. transaction, 510,000 shares at $0.90
   per share                                                         $  (459,000)          $        --           $        --
                                                                     ============          ============          ============

                                   See Accompanying Notes to Consolidated Financial Statements
</TABLE>
                                                                5
<PAGE>

                               AP HENDERSON GROUP
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)


1.   BASIS OF PRESENTATION
     ---------------------

     The accompanying unaudited financial statements have been prepared in
     accordance with Securities and Exchange Commission requirements for interim
     financial statements. Therefore, they do not include all of the information
     and footnotes required by accounting principles generally accepted in the
     United States for complete financial statements. The financial statements
     should be read in conjunction with the Form 10-KSB for the year ended
     December 31, 2004 of AP Henderson Group (the "Company").

     The interim financial statements present the balance sheet, statements of
     operations, stockholders' equity and cash flows of AP Henderson Group. The
     financial statements have been prepared in accordance with accounting
     principles generally accepted in the United States.

     The interim financial information is unaudited. In the opinion of
     management, all adjustments necessary to present fairly the financial
     position as of June 30, 2005 and the results of operations, stockholders'
     deficit and cash flows presented herein have been included in the financial
     statements. Interim results are not necessarily indicative of results of
     operations for the full year.

     The preparation of financial statements in conformity with accounting
     principles generally accepted in the United States requires management to
     make estimates and assumptions that affect the reported amounts of assets
     and liabilities and disclosure of contingent assets and liabilities at the
     date of the financial statements and the reported amounts of revenues and
     expenses during the reporting period. Actual results could differ from
     those estimates.

     GOING CONCERN - The Company incurred net losses of approximately $9,464,707
     from the period of June 13, 1994 (Date of Inception) through June 30, 2005
     and has not commenced its operations, raising substantial doubt about the
     Company's ability to continue as a going concern. The Company plans to
     identify a suitable business to commence or acquire. The Company will seek
     additional sources of capital through the issuance of debt or equity
     financing, but there can be no assurance the Company will be successful in
     accomplishing its objectives.

     The ability of the Company to continue as a going concern is dependent on
     additional sources of capital and the success of the Company's plan. The
     financial statements do not include any adjustments that might be necessary
     if the Company is unable to continue as a going concern.

2.   SIGNIFICANT ACCOUNTING POLICIES
     -------------------------------

     USE OF ESTIMATES - The preparation of consolidated financial statements in
     conformity with accounting principles generally accepted in the United
     States requires management to make estimates and assumptions that affect
     the reported amounts of assets and liabilities and disclosure of contingent
     assets and liabilities at the date of the consolidated financial statements
     and the reported amounts of revenue and expenses during the reporting
     period. Actual results could differ from those estimates.

     REVENUE RECOGNITION - Revenues are recognized during the period in which
     the revenues are received. Costs and expenses are recognized during the
     period in which they are incurred.

                                       6
<PAGE>

     Recent Accounting Pronouncements
     --------------------------------

     In November 2004, the FASB issued SFAS No. 151, "Inventory Costs, an
     amendment of Accounting Research Bulletin No. 43, Chapter 4" ("SFAS No.
     151"). SFAS No. 151 requires that abnormal amounts of idle facility
     expense, freight, handling costs and wasted materials (spoilage) be
     recorded as current period charges and that the allocation of fixed
     production overheads to inventory be based on the normal capacity of the
     production facilities. SFAS No. 151 becomes effective for our Company on
     January 1, 2006. The Company does not believe that the adoption of SFAS No.
     151 will have a material impact on our consolidated financial statements.

     In December 2004, the FASB issued SFAS No. 123 (revised 2004), "Share-Based
     Payment." SFAS No. 123R replaced SFAS No. 123 and superseded Accounting
     Principles Board Opinion No. 25. SFAS No. 123R will require compensation
     costs related to share-based payment transactions to be recognized in the
     financial statements. The effective date of SFAS No. 123R is the first
     reporting period beginning after June 15, 2005. The adoption of SFAS No.
     123 (revised 2004) should not have a significant impact on the Company's
     financial position or results of operations until such time the Company has
     share-based payments. The Company will adopt the provisions of SFAS No.
     123R at that time.

     In December 2004, the FASB issued SFAS No. 153, "Exchanges of Nonmonetary
     Assets, an amendment of APB Opinion No. 29" ("SFAS No. 153"). SFAS No. 153
     is based on the principle that exchanges of nonmonetary assets should be
     measured based on the fair value of the assets exchanged. APB Opinion No.
     29, "Accounting for Nonmonetary Transactions," provided an exception to its
     basic measurement principle (fair value) for exchanges of similar
     productive assets. Under APB Opinion No. 29, an exchange of a productive
     asset for a similar productive asset was based on the recorded amount of
     the asset relinquished. SFAS No. 153 eliminates this exception and replaces
     it with an exception of exchanges of nonmonetary assets that do not have
     commercial substance. SFAS No. 153 became effective for our Company as of
     July 1, 2005. The Company will apply the requirements of SFAS No. 153 on
     any future nonmonetary exchange transactions.

     In May 2005, the FASB issued SFAS No. 154, "Accounting Changes and Error
     Corrections, a replacement of APB No. 20 and FASB Statement No. 3" ("SFAS
     No. 154"). SFAS No. 154 requires retrospective application to prior
     periods' financial statements of a voluntary change in accounting principle
     unless it is impracticable. APB Opinion No. 20 "Accounting Changes,"
     previously required that most voluntary changes in accounting principle be
     recognized by including in net income of the period of the change the
     cumulative effect of changing to the new accounting principle. This
     statement is effective for our Company as of January 1, 2006. The Company
     does not believe that the adoption of SFAS No. 154 will have a material
     impact on our consolidated financial statements.

3.   DUE TO RELATED PARTIES
     ----------------------

     As of June 30, 2005, due to related parties totaling $814,247 consists of
     advances from the Company's Chief Executive Officer/Director/Stockholder
     and other shareholders for corporate expenses. These advances are
     unsecured, bears no interest rate and due on demand.

4.   RESTATEMENT OF PRIOR PERIOD JUNE 30, 2004
     -----------------------------------------

     As a result of the Company rescinding its transaction with Hyundai MultiCAV
     Computer Shanghai Co., Ltd. ("HMCS"), as discussed in the December 31, 2004
     10-KSB, the period ended June 30, 2004 has been restated. The originally
     reported activities related to Hyundai MultiCAV have been determined to be
     fraudulent and are not reflected in the statements of operations,
     statements of stockholders' deficit and statements of cash flows for the
     three and six months ending June 30, 2004.

                                       7
<PAGE>

Item 2.  Management's Discussion and Analysis

Our sole current operations are through our one subsidiary, Slide View whose
assets are the Slide View laptop notebook computer design, X-panel(TM) and two
US patents, US Patent number 6,532,146 and 6,667,877 for its innovative
multi-display laptop computer and peripheral device design with multi-lateral
slide-out display panel(s). We must develop a prototype for the X-Panel(TM)
before we can commercialize our patents.

Liquidity and Capital Resources

We currently do not have the liquidity and capital resources to develop and
commercialize the Slide View patents and we do not have commitments for capital.
We anticipate that we need to raise a minimum of $1 million dollars over the
next 12 months to continue development of the prototype, and at least $3 million
to $10 million to begin commercialization of the patents and sale of product. We
are currently evaluating a spin off of the Slide View assets into an independent
entity, composed of a shareholder base substantially similar to that of the
Company, which would be intended to be followed by a private capital raise. We
have no assurance that either the Company or any such independent entity can
raise the necessary capital for the commercialization of the Slide View patents.

Revenue and General, Service and Administrative Expense.

For the fiscal quarter ended June 30, 2005, we had no revenue. This compares to
the fiscal quarter, ended June 30, 2004,in which we similarly had no revenue.
For the fiscal quarter ended June 30, 2005, our general, service and
administrative ("GSA") expenses were $ 165,900 This compares to $ 160,500 of
such GSA expenses for the fiscal quarter ended June 30, 2004.

Rescission of two foreign subsidiaries

Although we attempted in 2003 and 2004 to acquire two companies in China as part
of our business plan to leverage margins through offshore operations and to
manufacture the X-Panel (TM) LCD screens for which Slide View holds the US
patents, we have rescinded each of these acquisitions, as has been detailed in
our Form 8-K Reports of December 16, 2004 and March 28, 2005, as amended on June
6, 2005 respectively, and as also set forth below. With respect to each of these
attempted mergers, we were not provided accurate or reliable financial or
operational information with respect to the merger candidates by their
respective officers and directors. We have reported in our Form 8-K Reports that
certain financial information in its Form 10Q dated August 23, 2004 and December
22, 2004, could no longer be relied upon.

We expect this year a significant restructuring of the Company and its assets in
the best interests of, and for the protection of, all shareholders. We have
appointed new management which is instigating new control systems for our
operations, spin-offs, and acquisitions. We anticipate a spin-off of the Slide
View assets into a wholly separate company whose shareholder structure will be
substantially similar to that of the Company. We currently advise that anyone
who invests in the Company until such restructurings and spin-off shall do so at
their own risk.

                                       8
<PAGE>

Item 3  Controls and Procedures

Disclosure controls and procedures are controls and other procedures that are
designed to ensure that information required to be disclosed by us in the
reports that we file or submit under the Exchange Act is recorded, processed,
summarized and reported, within the time periods specified in the Securities and
Exchange Commission's rules and forms. Disclosure controls and procedures
include, without limitation, controls and procedures designed to ensure that
information required to be disclosed by us in the reports that we file under the
Exchange Act is accumulated and communicated to our management, including our
principal executive and financial officer, as appropriate to allow timely
decisions regarding required disclosure.

Evaluation of disclosure, controls and procedures.

The Company and its Board of Directors are currently reevaluating the Company's
disclosure controls and procedures(as defined in Rules 13a-15(e) and 15d-15(e)
under the Securities Exchange Act of 1934) to ensure that information required
to be disclosed by the Company in the reports that it files or submits under the
Exchange Act is recorded, processed, summarized and reported within the time
periods specified in the SEC's rules and forms and are operating in an effective
manner.

Changes in internal controls over financial reporting.

The Company and its Board of Directors are currently reevaluating the Company's
internal controls over financial reporting in light of the rescission of the
HMCS merger. The Company rescinded the merger after discovering that the HMCS
subsidiary, headquartered in China, had reported inaccurate financial
information to the Company regarding its operations and financial condition.
Upon learning that inaccurate information had been reported, the Board of
Directors immediately launched an investigation which is still ongoing),
dismissed the responsible officers, and immediately reported these circumstances
in Form 8-K, filed December 16, 2004. The Company views the HMCS situation as
highly unusual, and is pursuing action against HMCS and its officers for breach
of fiduciary duty, possible fraud and other misconduct. The Company's
independent auditor is working with the Company to review and strengthen the
Company's internal controls over financial reporting.

                                       9
<PAGE>

Part II OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

N/A

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

Erik Nelson will be issued 916,666 shares of restricted stock in August 2005 in
consideration of a consulting contract. The Company will issue these shares in
reliance on the exemption available under Section 4(2) of the Act.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

N/A

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

N/A

ITEM 5. OTHER INFORMATION

Resignation of Officers and Directors

Mr. Erik Nelson, President and Director of AP Henderson has reported his
resignation, effective as of August 20, 2005, from both positions to pursue
other engagements. Mr. Nelson took the Presidency and Directorship of the
Company to help restructure APHG in 2005 and to engage in an internal
investigation of the rescinded merger with HMCS. Mr. Nelson has been paid in
full in accordance with a consulting contract that both parties have mutually
agreed to terminate.
--------------------


ITEM 6. EXHIBITS AND REPORTS ON FORM 8K

(a)  Exhibits

Exhibit #         Document
---------         --------
15       Letter on unaudited interim financial information

31.1     Certification of Chief Financial Officer

31.2     Chief Executive Officer's Notice Regarding Certification Of Financial
         Statements Pursuant to 18 U.S.C. Statute 1350


                                       10
<PAGE>


 (b) Reports on Form 8-K

         For the last second fiscal quarter of 2005, the Company filed the
following Form 8-K Reports:

None
                                       11


<PAGE>

                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



AP HENDERSON GROUP


/s/ Han Ming
------------------------------------
Han Ming,
Chief Executive Officer and Director


/s/ Wang Yan Quan
------------------------------------
Wang Yan Quan


                                       12