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

                                   Form 10-KSB

[X]      ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
         OF 1934
                     For the fiscal year ended 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: 000-27543


                      TEDA TECHNOLOGIES INTERNATIONAL INC.
                 (Name of small business issuer in its charter)

                     NEVADA
         (State or other jurisdiction of                98-0204680
          incorporation or organization)   (I.R.S. Employer Identification No.)

        Unit #10, 8980 Fraserwood Court
        Burnaby, British Columbia, Canada                 V5J 5A7
        (Address of principal executive offices)        (Zip Code)


                    Issuer's telephone number (604) 438-3598


        Securities registered under Section 12(b) of the Exchange Act:

                                              Name of each exchange
                Title of each class            on which registered
                        None                           N/A

         Securities registered under Section 12(g) of the Exchange Act:


                                     COMMON
                                (Title of class)


<PAGE>

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

Check if there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B is not contained in this form, and no disclosure will be
contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB. [X]

State issuer's revenues for its most recent fiscal year.     -0-

State the aggregate market value of the voting and non-voting common equity held
by non-affiliates computed by reference to the price at which the common equity
was sold, or the average bid and asked price of such common equity, as of a
specified date within the past 60 days. (See definition of affiliate in Rule
12b-2 of the Exchange Act.) N/A

Note: If determining whether a person is an affiliate will involve an
unreasonable effort and expense, the issuer may calculate the aggregate market
value of the common equity held by non-affiliates on the basis of reasonable
assumptions, if the assumptions are stated.

     (ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS)

Check whether the issuer has filed all documents and reports required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court. [ ]Yes [ ] No N/A

                   (APPLICABLE ONLY TO CORPORATE REGISTRANTS)

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: 1,000,000

                       DOCUMENTS INCORPORATED BY REFERENCE

If the following documents are incorporated by reference, briefly describe them
and identify the part of the Form 10-KSB (e.g., Part I, Part II, etc.) into
which the document is incorporated: (1) any annual report to security holders;
(2) any proxy or information statement; and (3) any prospectus filed pursuant to
Rule 424(b) or (c) of the Securities Act of 1933 ("Securities Act"). The listed
documents should be clearly described for identification purposes (e.g., annual
report to security holders for fiscal year ended December 24, 1990).

Transitional Small Business Disclosure Format (Check one): [ ] Yes [X] No

                                       2
<PAGE>
                                Table of Contents

--------------------------------------------------------------------------------


                                                                          Page #
                               PART I

Item 1.     Description of Business..........................................4
Item 2.     Description of Properties........................................5
Item 3.     Legal Proceedings................................................5
Item 4.     Submission of Matters to a Vote of Security Holders..............6

                               PART II

Item 5.     Market for Common Equity and Related
            Stockholder Matters..............................................6
Item 6.     Plan of Operation................................................7
Item 7.     Financial Statements.............................................9
Item 8.     Changes in and Disagreements with Accounts on
            Accounting and Financial Disclosure..............................9

                              PART III

Item 9.     Directors, Executive Officers, Promoters and
            Control Persons; Compliance with Section 16(a)
            of the Exchange Act..............................................9
Item 10.    Executive Compensation...........................................11
Item 11.    Security Ownership of Certain Beneficial
            Owners and Management............................................12
Item 12.    Certain Relationships and Related Transactions...................13
Item 13.    Exhibits and Reports on Form 8-K.................................13

Signatures...................................................................25

Financial Statements..................................................F-1 - F-10


                                       3
<PAGE>

                                     PART I

Item 1.  Description of Business.

Teda Technologies International Inc. (referred to as "us," "we" or "our"), was
incorporated on July 25, 1997 under the laws of the State of Nevada to engage in
any lawful corporate purpose. Other than issuing shares to its shareholders, we
never commenced any other operational activities. We can be defined as a "blank
check" company, whose sole purpose at this time is to locate and consummate a
merger or acquisition with a private entity. The Board of Directors has elected
to commence implementation of our principal business purpose, described below
under "Plan of Operation."

The proposed business activities classifies us as a "blank check" company. The
Securities and Exchange Commission defines these companies as "any development
stage company that is issuing a penny stock (within the meaning of section 3
(a)(51) of the Securities Exchange Act of 1934) and that has no specific
business plan or purpose, or has indicated that its business plan is to merge
with an unidentified company or companies." Many states have enacted statutes,
rules and regulations limiting the sale of securities of "blank check" companies
in their respective jurisdictions. Management does not intend to undertake any
efforts to cause a market to develop in our securities, either debt or equity,
until we have successfully implemented our business plan. We intend to comply
with the periodic reporting requirements of the Securities Exchange Act of 1934
for so long as it is subject to those requirements.

Investment Company Act of 1940

Although we will be subject to regulation under the Securities Act of 1933, as
amended (the "`33 Act"), and the Securities Exchange Act of 1934, as amended
(the "`34 Act"), management believes we will not be subject to regulation under
the Investment Company Act of 1940, as amended (the "`40 Act"), since we will
not be engaged in the business of investing or trading in securities. In the
event we engage in business combinations that result in our holding passive
investment interests in a number of entities, we could be subject to regulation
under the `40 Act. If that occurs, we would be required to register as an
investment company and could be expected to incur significant registration and
compliance costs. We have obtained no formal determination from the Securities
and Exchange Commission as to our status under the `40 Act and, consequently, a
violation of the Act could subject us to material adverse consequences.

Investment Advisors Act of 1940

Under Section 202(a)(11) of the Investment Advisors Act of 1940, as amended, an
"investment adviser" means any person who, for compensation, engages in the
business of advising others, either directly or through publications or
writings, as to the value of securities or as to the advisability of investing
in, purchasing, or selling securities, or

                                       4
<PAGE>

who, for compensation and as part of a regular business, issues or promulgates
analyzes or reports concerning securities. We seek to locate a suitable merger
of acquisition candidate, and we do not intend to engage in the business of
advising others in investment matters for a fee or other type of consideration.

Dissenter's Rights

In accordance with Nevada Revised Statutes ("NRS") ss. 78.3793, on the 10th day
following the acquisition of a controlling interest by an acquiring person, if
the control shares are accorded full voting rights pursuant to NRS ss.ss. 78.378
to 78.3793, inclusive, and the acquiring person has acquired a majority interest
of the voting shares, any stockholder of record, other than the acquiring
person, who has not voted in favor of authorizing voting rights for the control
shares is entitled to demand payment for the fair value of his shares by making
a written demand.

Forward Looking Statements

Because we desire to take advantage of the "safe harbor" provisions of the
Private Securities Litigation Reform Act of 1995 (the "PSLRA"), we caution
readers regarding forward looking statements found in the following discussion
and in any other statement made by, or on our behalf, with the Securities and
Exchange Commission. Forward looking statements are statements not based on
historical information and that relate to future operations, strategies,
financial results or other developments. Forward looking statements are
necessarily based upon estimates and assumptions that are inherently subject to
significant business, economic and competitive uncertainties and contingencies,
many of which are beyond our control and many of which, with respect to future
business decisions, are subject to change. These uncertainties and contingencies
can affect actual results and could cause actual results to differ materially
from those expressed in any forward looking statements made by or on our behalf.
We disclaim any obligation to update forward looking statements.

Item 2.  Description of Properties.

We have no properties and at this time have no agreements to acquire any
properties.

We operate from approximately 1,000 square feet of office space at Unit #10,
8980 Fraserwood Court, Burnaby, British Columbia, Canada. Space is provided to
the Company on a month to month basis at a rate of $1,000 (US) per month from a
company with a common director, and it is anticipated that this arrangement will
remain until we successfully consummate a merger or acquisition. Management
believes that this space will meet our needs for the foreseeable future.

Item 3.  Legal Proceedings.

The Company is not involved in my legal proceedings at this time.

                                       5
<PAGE>

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

No matter was submitted to vote of security holders during the fourth quarter of
the fiscal year covered by this report.

                                     PART II

Item 5.  Market for Common Equity and Related Stockholder Matters.

There is no trading market for our common stock at present and there has been no
trading market to date. Management has not undertaken any discussions with any
prospective market maker concerning the Company's securities and management does
not intend to initiate any discussions until we have consummated a merger or
acquisition. We cannot guarantee that a trading market will ever develop or if a
market does develop, that it will continue.

On March 21, 2000, we filed a Form SB-2 (File No. 333-32866) for the purpose of
raising $200,000. The funds were to be used to implement our business plan as
described above, and to make the company a more attractive merger candidate by
having cash available for use by the potential target company. The offering was
to have been conducted under Rule 419. On April 4, 2001, we filed an Application
for Withdrawal of Registration Statement SB-2.

Market Price

Our common stock is not quoted at the present time. The Securities and Exchange
Commission has adopted a Rule that established the definition of a "penny
stock," for purposes relevant to us, as any equity security that has a market
price of less than $5.00 per share or with an exercise price of less than $5.00
per share, subject to certain exceptions. For any transaction involving a penny
stock, unless exempt, the rules require: (i) that a broker or dealer approve a
person's account for transactions in penny stocks; and (ii) the broker or dealer
receive from the investor a written agreement to the transaction, setting forth
the identity and quantity of the penny stock to be purchased. In order to
approve a person's account for transactions in penny stocks, the broker or
dealer must (i) obtain financial information and investment experience and
objectives of the person; and (ii) make a reasonable determination that the
transactions in penny stocks are suitable for that person and that person has
sufficient knowledge and experience in financial matters to be capable of
evaluating the risks of transactions in penny stocks. The broker or dealer must
also deliver, prior to any transaction in a penny stock, a disclosure schedule
prepared by the Commission relating to the penny stock market, which, in
highlight form, (i) sets forth the basis on which the broker or dealer made the
suitability determination; and (ii) that the broker or dealer received a signed,
written agreement from the investor prior to the transaction. Disclosure also
has to be made about the risks of investing in penny stock in both public
offerings and in secondary trading, and about commissions payable to both the
broker-dealer and the registered representative, current quotations for the
securities and the rights and remedies available

                                       6
<PAGE>

to an investor in cases of fraud in penny stock transactions. Finally, monthly
statements have to be sent disclosing recent price information for the penny
stock held in the account and information on the limited market in penny stocks.

Management intends to strongly consider undertaking a transaction with any
merger or acquisition candidate that will allow our securities to be traded
without the aforesaid limitations. However, we cannot predict whether, upon a
successful merger or acquisition, we will qualify our securities for listing on
Nasdaq or some other national exchange, or be able to maintain the maintenance
criteria necessary to ensure continued listing. Failure to qualify our
securities or to meet the relevant maintenance criteria after qualification in
the future may result in the discontinuance of the inclusion of our securities
on a national exchange. However, trading, if any, in our securities may then
continue in the non-Nasdaq over-the-counter market. As a result, a shareholder
may find it more difficult to dispose of, or to obtain accurate quotations as to
the market value of our securities.

Item 6.  Plan of Operation.

We intend to seek to acquire assets or shares of an entity actively engaged in a
business that generates revenues, in exchange for our securities. Depending upon
the nature of the relevant business opportunity and the applicable state
statutes governing how the transaction is structured, the Company's Board of
Directors expects that it will provide our shareholders with complete disclosure
documentation concerning a potential business opportunity and the structure of
the proposed business combination prior to consummation.

While any disclosure must include audited financial statements of the target
entity, we cannot assure you that such audited financial statements will be
available. As part of the negotiation process, the Board of Directors does
intend to obtain certain assurances of value, including statements of assets and
liabilities, material contracts, accounts receivable statements, or other
indications of the target entity's condition prior to consummating a
transaction.

Due to our intent to remain a shell corporation until a merger or acquisition
candidate is identified, it is anticipated that our cash requirements shall be
minimal, and that all necessary capital, to the extent required, will be
provided by the directors or officers. We do not anticipate that we will have to
raise capital in the next twelve months. We also do not expect to acquire any
plant or significant equipment.

We have not, and do not intend to enter into, any arrangement, agreement or
understanding with non-management shareholders allowing non-management
shareholders to directly or indirectly participate in or influence our
management of the Company.

We have no full time employees. Our President and Secretary have agreed to
allocate a portion of their time to our activities, without compensation. These
officers anticipate

                                       7
<PAGE>

that our business plan can be implemented by their devoting approximately five
(5) hours each per month to our business affairs and, consequently, conflicts of
interest may arise with respect to their limited time commitment. We do not
expect any significant changes in the number of employees.

Subsequent Event

On September 1, 2001, the Company entered into a Share Exchange Agreement with
Teda Technologies Inc. (TC), Tianjin Eastern Shipping Co. Ltd. (the Founding
Shareholder of TC) and the other shareholders of TC. Pursuant to the Share
Exchange Agreement, on September 1, 2001, the Company acquired from the
Shareholders all of the shares of TC in exchange for fifteen million, six
hundred and ninety seven thousand (15,697,000) shares of the Company's common
stock. Teda Canada's primary asset is a 100% ownership in a Profit Sharing
Agreement (PSA) dated June 1, 2001 between it and Teda Pioneer, a Chinese
domestic joint venture located in Tianjin, China.

Key details of the PSA are as follows:

o        Teda Pioneer is owned by two Chinese corporations - Tianjin Wan Fang
         Teda Technology Co. Ltd. as to a 48% equity interest and Yu Xun Chuang
         Xian Information Development Co. Ltd. as to a 52% equity interest.

o        Chuang Xian was previously the provider of China Telecom value added IT
         services in Tianjin municipality and which business was acquired by
         Teda Pioneer.

o        Teda Pioneer has appointed Teda Canada to manage the strategic affairs
         of Teda Pioneer's business for a term of 20 years.

o        The net profits are to be allocated as follows:

         -     Teda Canada  90%
         -     Teda Pioneer 10%

o        Net profits will be calculated semi annually and 20% retained as
         working capital and the balance allocated to the partners as per the
         90/10 split arrangement.

o        Teda Canada will make available at least 2 senior executives to provide
         ongoing executive management for Teda Pioneer.

o        The parties agree that Teda Canada's Profit Allocation portion will be
         converted to equity in Teda Pioneer when the rules and regulations in
         China permit such ownership.

o        Teda Canada will provide $500,000 US within 12 months as its capital
         contribution to Teda Pioneer. All additional capital requirements of
         Teda Pioneer will be provided on the basis as if Teda Canada were a 90%
         equity owner of Pioneer.

                                       8
<PAGE>

o        If Teda Canada has not provided all or any of its required capital
         contribution after 12 months, then its share of profit allocation shall
         be reduced to reflect the percentage of the capital contribution
         actually raised.

A Form 8-K on this transaction was filed on September 14, 2001.

Item 7.  Financial Statements.

(a)      Financial Statements

The following financial statements of the Company are set forth at the end
hereof.

1.       Report of Independent Auditors

2.       Consolidated Balance Sheet of Teda Technologies International Inc. and
         Subsidiaries as of June 30, 2001.

3.       Consolidated Statements of Operations of Teda Technologies
         International Inc. and Subsidiaries for the years ended June 30, 2001
         and June 30, 2000.

4.       Consolidated Statements of Changes in Stockholders' Deficit of Teda
         Technologies International Inc. for the period July 1,1999 through June
         30, 2001.

5.       Consolidated Statements of Cash Flows of Teda Technologies
         International Inc. for the years ended June 30, 2001 and June 30, 2000.

6.       Notes to Consolidated Financial Statements.

Item 8.  Changes In and Disagreements With Accounts on Accounting and Financial
         Disclosure.

None.

                                    PART III

Item 9.  Directors, Executive Officers, Promoters and Control Persons;
         Compliance With Section 16(a) of the Exchange Act.

Set forth below are the present directors and executive officers of the Company.
Note that there are no other persons who have been nominated or chosen to become
directors nor are there any other persons who have been chosen to become
executive officers. There are no arrangements or understandings between any of
the directors, officers and other persons pursuant to which such person was
selected as a director or an officer. Directors are elected to serve until the
next annual meeting of stockholders and until their

                                       9
<PAGE>

successors have been elected and have qualified. Officers serve at the
discretion of the Board of Directors.

Name                  Age              Position

Jun Zhou               33          President, Chairman
Peng Chen              41          Vice Chairman, Secretary, Treasurer, Director
Richard Wang           49          Chief Operating Officer, Director
Jinfeng Hu             31          Director

The above listed officers and directors will serve until the next annual meeting
of the shareholders or until their death, resignation, retirement, removal, or
disqualification, or until their successors have been duly elected and
qualified. Vacancies in the existing Board of Directors are filled by majority
vote of the remaining Directors. Our officers serve at the will of the Board of
Directors. There are no family relationships between any executive officer and
director.

Resumes

Jun Zhou - President, Chairman

Mr. Zhou graduated in 1990 from Tianjin Finance and Economic College with a
Bachelors Degree specializing in international trading. From 1990-1993, he
formed and operated Flydragon Shipping and Forwarding. In 1994 he formed Tianjin
Eastern Shipping Co. Ltd. which specializes in international shipment of goods.
In Hong Kong he formed Chi Feng International Trading and Shipping Co which
operates shipping, trading and leasing businesses. He has established joint
ventures with the Beijing city government and Hubei Province authorities.

In 1999, Mr. Zhou received his Masters Degree in Finance and Economics from
China People's University in Beijing. In 2000 he formed Teda Technologies in
Canada and Wan Fang Teda in Tianjin. He has served as President and Chairman of
Teda Technologies International Inc since February 2001.

Richard Wang - Chief Operating Officer, Director

Richard Wang, Chief Operating Officer and Director; Richard Wang, a Canadian
citizen residing in Vancouver, BC, Canada, has founded several North American
businesses in areas of motion picture productions, OTC medicine & health food
products distribution, general merchandise export & import. He has been involved
in all aspects of new product research and development in USA, Canada and Asia,
including electronic medical devices, electronic security monitoring system, and
water-resistant and child-resistant electronic lighters, which is approved by
Consumer Product Safety Commission of USA. Mr.Wang has served as COO and
director of Teda Technologies International Inc. since February 2001.


                                       10
<PAGE>

Peng Chen - Vice Chairman, Secretary, Treasurer, Director

Peng Chen, Vice Chairman, Director; Mr. Chen is a Chinese citizen and, since
March 19987, a Canadian landed immigrant. He is a engineering graduate from the
University of Ministry of Post and Telecommunications and a former Information
Technology specialist with China Telecom in Tianjin, China. In 1994, he
commenced his own business in Tianjin in the freight forwarding industry. He has
served as a director of Teda Technologies International Inc. since February
2001.

Jinfeng Hu - Director

Jinfeng Hu is a 1992 graduate from the Tianjin Economic Management College.
Since then, she has been director of marketing at Tianjin Teda Eastern Group, a
real estate development organization. She has been a director with Teda
Technologies International since February 2001.

Item 10.  Executive Compensation.

None of our officers and/or directors have received any compensation for their
respective services rendered unto us. They all have agreed to act without
compensation until authorized by the Board of Directors, which is not expected
to occur until the we have generated revenues from operations after consummation
of a merger or acquisition. As of the date of this filing, we have no funds
available to pay directors. Further, none of the directors are accruing any
compensation pursuant to any agreement with us.

It is possible that, after we successfully consummate a merger or acquisition
with an unaffiliated entity, that entity may desire to employ or retain one or a
number of members of our management for the purposes of providing services to
the surviving entity. However, we have adopted a policy whereby the offer of any
post-transaction employment to members of management will not be a consideration
in our decision to undertake any proposed transaction. Each member of management
has agreed to disclose to the Board of Directors any discussions concerning
possible employment by any entity that proposes to undertake a transaction with
us and further, to abstain from voting on the transaction. Therefore, as a
practical matter, if each member of the Board of Directors is offered employment
in any form from any prospective merger or acquisition candidate, the proposed
transaction will not be approved by the Board of Directors as a result of the
inability of the Board to affirmatively approve the transaction. The transaction
would then be presented to our shareholders for approval.

It is possible that persons associated with management may refer a prospective
merger or acquisition candidate to us. In the event we consummate a transaction
with any entity referred by associates of management, it is possible that the
associate will be compensated for their referral in the form of a finder's fee.
It is anticipated that this fee will be either in the form of restricted common
stock issued by us as part of the terms of the proposed transaction, or will be
in the form of cash consideration. However, if compensation is in the form of
cash, payment will be tendered by the acquisition or

                                       11
<PAGE>

merger candidate, because we have insufficient cash available. The amount of any
finder's fee cannot be determined as of the date of this registration statement,
but is expected to be comparable to consideration normally paid in like
transactions, which ranges up to ten (10%) percent of the transaction price. No
member of management will receive any finders fee, either directly or
indirectly, as a result of their respective efforts to implement our business
plan.

No retirement, pension, profit sharing, stock option or insurance programs or
other similar programs have been adopted by the Company for the benefit of its
employees.

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

The table below lists the beneficial ownership of our voting securities by each
person known by us to be the beneficial owner of more than 5% of our securities,
as well as the securities beneficially owned by all our directors and officers.
Unless specifically indicated, the shareholders listed possess sole voting and
investment power with respect to the shares shown.

<TABLE>
<CAPTION>
                     Name and Address of            Amount and Nature         Percent of
Title of Class       Beneficial Owner               of Beneficial Owner       Class

<S>                  <C>                                 <C>                   <C>
Common               Jun Zhou.                           202,667               20.26%
                     A-12-B, The Mansion of
                     Triumphal Arch,
                     66 Nanjing Road
                     Hexi District,
                     Tianjin, China 300042

Common               Peng Chen                           202,666               20.26%
                     221-1465 Parkway Blvd.
                     Coquitlam, B.C.
                     Canada V3E 3E6

Common               Richard Wang                        202,667               20.26%
                     #2-7051 Ash Crescent
                     Vancouver, B.C.
                     Canada V6P 3K6

Common               Jinfeng Hu                          392,000               39.2%
                     208 Ma Chang Road
                     Building A, Unit 5, No. 801
                     Tian Jiao Garden, Hexi District
                     Tianjin, China 300042

Common               All officers and                  1,000,000               100%
                     Directors as a group
                     (4 persons)
</TABLE>

                                       12
<PAGE>

The directors filed an original form SC13D on April 4, 2001 confirming the
change in control and an amended form SC13D on September 20, 2001 which
correctly allocated the shares acquired.

Item 12.  Certain Relationships and Related Transactions.

There have been no related party transactions, or any other transactions or
relationships required to be disclosed pursuant to Item 404 of Regulation S-B.

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

                                    Exhibits

3.1*     Amendment to Articles of Incorporation
3.2*     Bylaws
3.3*     Specimen Informational Statement

*Filed as an Exhibit to the Company's Registration Statement on Form 10-SB, file
no. 000-27543, dated October 4, 1999, and incorporated herein by this reference.

Reports on Form 8-K

April 3, 2001         Change of Control, Name Change, and Address Change.

On February 6, 2001, we filed a Form 8-K announcing a Change in Control in that
Richard Wang, Jun Zhou, Peng Chen and Jingfeng Hu acquired 100% of the
outstanding stock of the Company from the current shareholders. A lock up
agreement affecting 396,000 of the common shares was rescinded by the Board of
Directors in order to facilitate the transaction. A Form 13D on behalf of the
new shareholder group was filed on February 6, 2001 and subsequently amended to
reflect proper share allocation on September 14, 2001.

The purpose of the acquisition of the shares of Common Stock by members of the
group was to continue to search for a merger or acquisition with a company that
is seeking to become a reporting company under the Securities Exchange Act of
1934. Existing management resigned from the company and Mr. Zhou became Chairman
and President, Mr. Chen became Vice Chairman, Mr. Wang became the Chief
Operating Officer and Secretary and Ms. Hu became a director.

In the same Form 8-K, we advised that on November 21, 2000, we changed our name
from Express Investments Associates Inc. to Teda Technologies International Inc.
Such name change was filed with the Nevada Secretary of State on November 22,
2000. We also changed our principal place of business on February 6, 2001 to
8980 Fraserwood Court , Unit #10, Burnaby, British Columbia, Canada, V5J 5H7 and
our phone number to 604-438-3598.


                                       13
<PAGE>

September 14, 2001    Share Exchange Agreement

The Company entered into a Share Exchange Agreement, dated as of September 1,
2001 (the Share Exchange Agreement) by and among the Company, Teda Technologies
Inc. (TC), Tianjin Eastern Shipping Co. Ltd. (the Founding Shareholder of TC)
and the shareholders of TC. Pursuant to the Share Exchange Agreement, on
September 1, 2001, the Registrant acquired from the Shareholders all of the
shares of TC in exchange for fifteen million, six hundred and ninety seven
thousand (15,697,000) shares of the Registrant's common stock representing 94.0%
of the issued and outstanding shares of the Registrant after giving effect to
the Acquisition. The Agreement was amended to reflect an effective date of
October 1, 2001 and Amended Form 8K filed on November 14, 2001 to reflect the
change.








                                       14
<PAGE>
                      TEDA TECHNOLOGIES INTERNATIONAL, INC.
                 (formerly Express Investments Associates, Inc.)

                          Index to Financial Statements

                                                                          Page
                                                                        --------

Independent auditors' report ..........................................   F-2
Balance sheet, June 30, 2001.. ........................................   F-3
Statements of operations for the years ended
  June 30, 2001 and 2000..... .........................................   F-4
Statement of shareholders' deficit from July 1, 1999
  through June 30, 2001.. .............................................   F-5
Statements of cash flows for the years ended
  June 30, 2001 and 2000... ...........................................   F-6
Notes to financial statements.. .......................................   F-7






                                      F-1
<PAGE>

To the Board of Directors and Shareholders
TEDA Technologies International, Inc.

                          Independent Auditors' Report

We have audited the balance sheet of TEDA Technologies International, Inc.
(formerly Express Investments Associates, Inc.) as of June 30, 2001 and the
related statements of operations, shareholders' deficit and cash flows for the
years ended June 30, 2001 and 2000. These financial statements are the
responsibility of the Company's management. Our responsibility is to express an
opinion on these financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted
in the United States. Those standards require that we plan and perform the
audits to obtain reasonable assurance about whether the financial statements are
free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements. An
audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis
for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of TEDA Technologies
International, Inc. as of June 30, 2001, and the related statements of
operations and cash flows for the years ended June 30, 2001 and 2000 in
conformity with accounting principles generally accepted in the United States.

The accompanying financial statements have been prepared assuming the Company
will continue as a going concern. As discussed in Note A to the financial
statements, the Company has incurred losses since inception and has a net
capital deficit at June 30, 2001. These factors raise substantial doubt about
the Company's ability to continue as a going concern. Management's plans
regarding those matters are also described in Note A. The financial statements
do not include any adjustments that might result from the outcome of this
uncertainty.




Cordovano and Harvey, P.C
Denver, Colorado
November 9, 2001



                                      F-2
<PAGE>
<TABLE>
                          TEDA TECHNOLOGIES INTERNATIONAL, INC.
                     (formerly Express Investments Associates, Inc.)

<CAPTION>
                                      Balance Sheet

                                      June 30, 2001

Assets
<S>                                                                         <C>
Prepaid legal fees............................................              $ 5,000
                                                               =====================

Liabilities and Shareholder's Deficit
Liabilities:
      Accounts payable and accrued liabilities................              $ 7,867
      Indebtedness to related party (Note B)..................               19,957
                                                               ---------------------
                                             Total liabilities               27,824
                                                               ---------------------

Shareholder's deficit:
      Common stock, $.0001 par value, 100,000,000
         shares authorized, 1,000,000 shares issued
         and outstanding .....................................                  100
      Additional paid-in capital .............................               37,572
      Retained deficit........................................              (60,496)
                                                               ---------------------
                                   Total shareholder's deficit              (22,824)
                                                               ---------------------
                                                                            $ 5,000
                                                               =====================

</TABLE>


                 See accompanying notes to financial statements

                                      F-3
<PAGE>
<TABLE>
               TEDA TECHNOLOGIES INTERNATIONAL, INC.
          (formerly Express Investments Associates, Inc.)

                      Statements of Operations

<CAPTION>
                                                                              Years Ended
                                                                                June 30,
                                                               --------------------------------------------
                                                                       2001                   2000
                                                               ---------------------  ---------------------
Costs and expenses:
<S>                                                                      <C>                   <C>
     Legal fees ..............................................           $   14,509            $    21,942
     Accounting fees .........................................                4,416                  2,233
     Stock transfer fees .....................................                  812                      -
     Printing ................................................                  453                  6,708
     Rent and administrative services (Note B) ...............                5,000                      -
     Travel ..................................................                2,244                      -
     Licenses and fees .......................................                    -       .            256
                                                               ---------------------  ---------------------
                                          Loss from operations              (27,434)               (31,139)
                                                               ---------------------  ---------------------

Income tax benefit (expense) (Note C) ........................                    -                      -
                                                               ---------------------  ---------------------

                                                      Net loss           $  (27,434)           $   (31,139)
                                                               =====================  =====================


Basic and diluted loss per common share ......................           $    (0.03)           $     (0.03)
                                                               =====================  =====================
Basic and diluted weighted average
     common shares outstanding ...............................            1,000,000              1,000,000
                                                               =====================  =====================
</TABLE>


                 See accompanying notes to financial statements

                                      F-4
<PAGE>

<TABLE>
                                   TEDA TECHNOLOGIES INTERNATIONAL, INC.
                              (formerly Express Investments Associates, Inc.)

                                     Statement of Shareholders' Deficit

                                     July 1, 1999 through June 30, 2001
<CAPTION>

                                                                                                        Deficit
                                                                                                      Accumulated
                                                          Common Stock                Additional        During
                                              ----------------------------------       Paid-In        Development
                                                   Shares          Par Value           Capital           Stage           Total
                                              -----------------  ---------------    --------------- ---------------- ---------------

<S>                                                  <C>                 <C>              <C>             <C>             <C>
                        Balance, July 1, 1999        1,000,000             100  *          $    200       $  (1,923)      $ (1,623)

Third party expenses paid by an affiliate on
   behalf of the Company (Note B) ...........                -               -               23,197               -         23,197
Net loss for the year ended June 30, 2000 ...                -               -                    -         (31,139)       (31,139)
                                               -----------------  ---------------    --------------- ---------------- --------------
                       Balance, June 30, 2000        1,000,000             100               23,397         (33,062)        (9,565)

Third party expenses paid by an affiliate on
   behalf of the Company (Note B) ...........                -               -               14,175                -        14,175
Net loss for the year ended June 30, 2001 ...                -               -                    -          (27,434)      (27,434)
                                               -----------------  ---------------    --------------- ---------------- --------------
                       Balance, June 30, 2001        1,000,000           $ 100            $  37,572        $ (60,496)     $(22,824)
                                               =================  ===============    =============== ================ ==============


*   Restated for change in par value (Note D)


</TABLE>





                 See accompanying notes to financial statements


                                      F-5

<PAGE>
<TABLE>
                                TEDA TECHNOLOGIES INTERNATIONAL, INC.
                           (formerly Express Investments Associates, Inc.)

                                      Statements of Cash Flows
<CAPTION>
                                                                                                 Years Ended
                                                                                                   June 30,
                                                                                  --------------------------------------------
                                                                                          2001                    2000
                                                                                  ---------------------   --------------------
Cash flows from operating activities:
<S>                                                                                      <C>                    <C>
       Net loss                                                                          $     (27,434)         $     (31,139)
       Transactions not requiring cash:
          Changes in operating assets and operating liabilities:
              Prepaid expenses                                                                  (5,000)                     -
              Accounts payable, accrued liabilities and
                 indebtedness to related party                                                  (1,698)                 7,942
                                                                                  ---------------------   --------------------
                                         Net cash (used in) operating activities               (34,132)               (23,197)
                                                                                  ---------------------   --------------------

Cash flows from financing activities:
       Proceeds from working capital advances
          provided by a director (Note B)                                                       19,957                      -
       Third party expenses paid by an affiliate on
          behalf of the Company, recorded as additional
          paid-in capital (Note B)                                                              14,175                 23,197
                                                                                  ---------------------   --------------------
                                       Net cash provided by financing activities                34,132                 23,197
                                                                                  ---------------------   --------------------

Net change in cash                                                                                   -                      -
Cash, beginning of period                                                                            -                      -
                                                                                  ---------------------   --------------------

                                                             Cash, end of period         $           -          $           -
                                                                                  =====================   ====================
Supplemental disclosure of cash flow information:
 Cash paid during the period for:
          Interest                                                                       $           -          $           -
                                                                                  =====================   ====================
          Income taxes                                                                   $           -          $           -
                                                                                  =====================   ====================

</TABLE>




                 See accompanying notes to financial statements

                                      F-6
<PAGE>



                      TEDA TECHNOLOGIES INTERNATIONAL, INC.
                 (formerly Express Investments Associates, Inc.)

                          Notes To Financial Statements


Note A: Organization and summary of significant accounting policies

Organization

TEDA Technologies International, Inc. (the "Company"), formerly Express
Investments Associates, Inc., was incorporated, under the laws of Nevada on July
25, 1997 to engage in any lawful corporate undertaking, including, but not
limited to, selected mergers and acquisitions. The Company's business plan is to
evaluate, structure and complete a merger with, or acquisition of, a privately
owned corporation.

The Company was previously reported as a development stage enterprise in
accordance with Statement of Financial Accounting Standard ("SFAS") No. 7.
However, the Company has no planned principle operations and is no longer deemed
to be in the development stage.

On November 21, 2000, the Company changed its name to TEDA Technologies
International, Inc. The name change was filed by the Nevada Secretary of State
on November 22, 2000.

Effective February 6, 2001, 1,000,000 shares (100 percent) of the Company's
issued and outstanding common stock was sold, resulting in a change in control
of the Company. The Company's business purpose will be to continue to locate a
merger or acquisition candidate that seeks to become a reporting company under
the Securities Exchange Act of 1934.

The accompanying financial statements have been prepared on a going concern
basis, which contemplates the realization of assets and the satisfaction of
liabilities in the normal course of business. As shown in the accompanying
financial statements, the Company has a net capital deficit as of June 30, 2001
and losses of $60,496 since inception. These factors, among others, may indicate
that the Company will be unable to continue as a going concern for reasonable
period of time.

The financial statements do not include any adjustments relating to the
recoverability and classification of liabilities that might be necessary should
the Company be unable to continue as a going concern. The Company's continuation
as a going concern is dependent upon continuing capital contributions from an
affiliates and related parties to meet its obligations on a timely basis,
consummating a business combination with an operating company, and ultimately
attaining profitability. There is no assurance that affiliates or related
parties will continue to provide capital to the Company or that the Company can
identify a target company, consummate a business combination, and attain
profitability. The financial statements do not include any adjustments that
might result from the outcome of this uncertainty.

On October 1, 2001, the Company closed a Share Exchange Agreement (see Note E).
Following the closing of the Agreement, the Company's business plan is to focus
on telecommunications opportunities in China.

Summary of significant accounting policies

Cash and equivalents

For the purposes of the statement of cash flows, the Company considers all
highly liquid debt instruments purchased with an original maturity of three
months or less to be cash equivalents. The Company had no cash or cash
equivalents at June 30, 2001.



                                       F-7
<PAGE>
                      TEDA TECHNOLOGIES INTERNATIONAL, INC.
                 (formerly Express Investments Associates, Inc.)

                          Notes To Financial Statements

Fair value of financial instruments

The Company's financial instruments consist of accounts payable and other
current liabilities. The carrying amounts of the current liabilities approximate
fair value due to the short-term maturity of the instruments.

Use of estimates

The preparation of the financial statements in conformity with generally
accepted accounting principals requires management to make estimates and
assumptions that affect certain reported amounts of assets and liabilities;
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. Accordingly, actual results could differ from those estimates.

Income Taxes

The Company reports income taxes in accordance with SFAS No. 109, "Accounting
for Income Taxes", which requires the liability method in accounting for income
taxes. Deferred tax assets and liabilities arise from the difference between the
tax basis of an asset or liability and its reported amount on the financial
statements. Deferred tax amounts are determined by using the tax rates expected
to be in effect when the taxes will actually be paid or refunds received, as
provided under currently enacted law. Valuation allowances are established when
necessary to reduce the deferred tax assets to the amounts expected to be
realized. Income tax expense or benefit is the tax payable or refundable,
respectively, for the period plus or minus the change during the period in the
deferred tax assets and liabilities.

Loss per common share

Basic loss per share is computed by dividing income available to common
shareholders (the numerator) by the weighted-average number of common shares
(the denominator) for the period. The computation of diluted loss per share is
similar to basic loss per share, except that the denominator is increased to
include the number of additional common shares that would have been outstanding
if potentially dilutive common shares had been issued.

At June 30, 2001, there was no variance between basic and diluted loss per share
as there were no potentially dilutive common shares outstanding.

Stock-based compensation

SFAS No. 123, "Accounting for Stock-Based Compensation" permits the use of
either a "fair value based method" or the "intrinsic value method" defined in
Accounting Principles Board Opinion 25, "Accounting for Stock Issued to
Employees" (APB 25) to account for stock-based compensation arrangements.

Companies that elect to use the method provided in APB 25 are required to
disclose pro forma net income and pro forma earnings per share information that
would have resulted from the use of the fair value based method. The Company has
elected to continue to determine the value of stock-based compensation
arrangements with employees under the provisions of APB 25. No pro forma
disclosures have been included with the accompanying financial statements as
there was no pro forma effect to the Company's net loss or net loss per share.


                                      F-8
<PAGE>
                      TEDA TECHNOLOGIES INTERNATIONAL, INC.
                 (formerly Express Investments Associates, Inc.)

                          Notes To Financial Statements

Note B: Related party transactions


The Company does not maintain a checking account and expenses incurred by the
Company have historically been paid by an affiliate or director. Since
inception, the Company has incurred $60,496 in expenses and $5,000 in prepaid
expenses of which $37,572 was paid by an affiliate and contributed to the
Company, and $100 was paid with stock. The remaining balance of $27,824 is
reported as liabilities in the accompanying financial statements, including
$19,957 owed to a director and classified as indebtedness to related party. The
payments made by the affiliate are classified as additional paid-in capital.

During the period ended June 30, 1998, the Company issued an officer 1,000,000
shares of common stock in exchange for costs and services related to organizing
the Company. The shares were valued nominally at $100 as there was no market
price for the Company's common stock as of the date of issuance.

Note C: Income taxes

A reconciliation of U.S. statutory federal income tax rate to the effective rate
is as follows:

                                                           For the Years Ended
                                                                June 30,
                                                           -------------------
                                                             2001        2000
                                                           ---------  ---------
U.S. statutory graduated federal rate..................     15.00%      15.00%
Net operating loss (NOL) for which no tax
  benefit is currently available.......................    -15.00%     -15.00%
                                                           ------      ------
                                                             0.00%       0.00%
                                                           ======      ======


At June 30, 2001, deferred taxes consisted of a net tax asset of $10,409, due to
operating loss carryforwards of $60,496, which was fully allowed for, in the
valuation allowance of $10,409. The valuation allowance offsets the net deferred
tax asset for which there is no assurance of recovery. The changes in the
valuation allowance for the years ended June 30, 2001 and 2000 were $4,115 and
$5,581, respectively. Net operating loss carryforwards will expire through 2021.

The valuation allowance will be evaluated at the end of each year, considering
positive and negative evidence about whether the asset will be realized. At that
time, the allowance will either be increased or reduced; reduction could result
in the complete elimination of the allowance if positive evidence indicates that
the value of the deferred tax asset is no longer impaired and the allowance is
no longer required.

Should the Company undergo an ownership change, as defined in Section 382 of the
Internal Revenue Code, the Company's tax net operating loss carryforwards
generated prior to the ownership change will be subject to an annual limitation
which could reduce or defer the utilization of those losses.


                                      F-9
<PAGE>
                      TEDA TECHNOLOGIES INTERNATIONAL, INC.
                 (formerly Express Investments Associates, Inc.)

                          Notes To Financial Statements


Note D: Shareholders' deficit

On August 18, 1999, the Company filed amended Articles of Incorporation with the
State of Nevada to change the authorized shares of common stock originally
approved by the Board of Directors on July 25, 1997, from 25,000 shares of no
par value common stock to 100,000,000 shares of $.0001 par value common stock.

Note E: Subsequent event

On October 1, 2001, the Company closed a Share Exchange Agreement (the
"Agreement") with Tianjin Eastern Shipping Co., Ltd. ("Tianjin"), TEDA
Technologies Canada, Inc. ("TTC") and the shareholders of TTC (the
"Shareholders"). Pursuant to the Agreement, on September 1, 2001, the Company
acquired from the Shareholders all of the shares of TTC in exchange for
15,697,000 shares of the Company's $.0001 par value common stock representing
approximately 94 percent of the issued and outstanding shares of the Company
after giving effect to the Agreement.

Following the transaction, Tianjin became the Company's largest shareholder with
6,000,000 shares (35.9 percent) of the Company's 16,697,000 issued and
outstanding common shares. The Company's new business plan is to focus on
telecommunications opportunities in China.

On June 1, 2001, TTC entered into a Profit Sharing Agreement with a Chinese
domestic joint venture through which it can earn up to 90 percent of the net
profits of the Chinese venture by providing strategic management and capital in
an initial amount of US$500,000. The joint venture involves the provision of a
variety of telecommunications services and products in Tianjin, a Chinese city
of approximately 11 million people.







                                      F-10

<PAGE>

                                   SIGNATURES

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

TEDA TECHNOLOGIES INTERNATIONAL INC.

                                        By /s/ Jun Zhou
                                           ------------------------------
                                           Jun Zhou, President

Date:    November 15, 2001

In accordance with the Exchange Act, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.

                                        By /s/ Jun Zhou
                                           ------------------------------
                                           Jun Zhou, President


Date:    November 15, 2001

                                        By /s/ Peng Chen
                                           ------------------------------
                                           Peng Chen, Secretarial Director

Date:    November 15, 2001