| x | ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|--------------------------------------------------------------------------------|

|  ̈ | TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|------------------------------------------------------------------------------------|

| Wyoming                                                        | 87-0418721                        |
|----------------------------------------------------------------|-----------------------------------|
| (State or other jurisdiction of incorporation or organization) | (IRS Employer Identification No.) |

| Room 2602, Bank of America Tower, 12 Harcourt Road, Central, Hong Kong                                                      |
|-----------------------------------------------------------------------------------------------------------------------------|
| (Address of principal executive offices, including zip code)                                                                |
| Registrant’ telephone number including area code         (852) 2827-6898 |

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

| Large accelerated filer  ̈                                                  | Accelerated filer  ̈    |
|---------------------------------------------------------------------------------|-----------------------------|
| Non-accelerated filer  ̈ (Do not check if a smaller reporting company) | Smaller reporting company x |

----

|                   |                                        |   | Page   |   |
|------------------------|---------------------------------------------|--------|--------|--------|
|                   |                                        |   |   |   |
| PART II                |                                        |   |   |   |
|                   |                                        |   |   |   |
| ITEM 8                 | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA |   |   | 4      |   |
|                   |                                        |   |   |   |   |
| PART IV                |                                        |   |   |   |   |
|                   |                                        |   |   |   |   |
| ITEM 15                | EXHIBITS AND FINANCIAL STATEMENT SCHEDULES  |   |   | 4      |   |
|                   |                                        |   |   |   |   |
| SIGNATURE AND EXHIBITS |                                        |   | 42     |   |

----

|   | · | our lack of capital and whether or not we will be able to raise capital when we need it, |
|--------|--------|------------------------------------------------------------------------------------------|

|   | · | government regulation of the Internet and Internet services in China, |
|--------|--------|-----------------------------------------------------------------------|

|   | · | our ability to successfully compete in our markets and industries, |
|--------|--------|--------------------------------------------------------------------|

|   | · | our ability to find suitable acquisition targets and, once acquired, to integrate these acquisitions into our business; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------|

|   | · | adverse changes to the political, economic or social conditions in China |
|--------|--------|--------------------------------------------------------------------------|

----

| ITEM 8.  | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA |
|---------------|---------------------------------------------|

| ITEM 15.  | EXHIBITS AND FINANCIAL STATEMENT SCHEDULES |
|----------------|--------------------------------------------|

|                                                      |   | PAGE   |
|-----------------------------------------------------------|--------|--------|
|                                                      |   |   |
| REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM   |   | 5      |
|                                                      |   |   |
| CONSOLIDATED BALANCE SHEET                                |   | 6      |
|                                                      |   |   |
| CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME |   | 8      |
|                                                      |   |   |
| CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY      |   | 9      |
|                                                      |   |   |
| CONSOLIDATED STATEMENT OF CASH FLOWS                      |   | 10     |
|                                                      |   |   |
| NOTES TO CONSOLIDATED FINANCIAL STATEMENTS                |   | 12     |

----

| ALBERT WONG & CO.                            |   |
|--------------------------------------------------|--------|
| CERTIFIED PUBILC ACCOUNTANTS                     |   |
| Room 701, 7th Floor, Nan Dao Commercial Building |   |
| 359-361 Queen’s Road Central               |   |
| Hong Kong                                        |   |
| Tel : 2851 7954                                  |   |
| Fax: 2545 4086                                   |   |
|                                             |   |
| ALBERT WONG                                      |   |
| B.Soc., Sc., ACA., LL.B., CPA(Practising)        |   |

----

| To:    | The board of directors and stockholders of                              |
|--------|-------------------------------------------------------------------------|
|   | Uni Core Holdings Corporation (formerly known as Intermost Corporation) |

| Hong Kong        | Albert Wong & Co.        |
|------------------|------------------------------|
| October 11, 2011 | Certified Public Accountants |

----

| UNI CORE HOLDINGS CORPORATION             |
|-------------------------------------------|
| (Formerly Known As INTERMOST CORPORATION) |
| CONSOLIDATED BALANCE SHEETS               |
| AS AT JUNE 30, 2011 AND 2010              |
| (Stated in US Dollars)                    |

|                                       |   | Notes  |   | 2011   |       |   | 2010   |   |
|--------------------------------------------|--------|--------|--------|--------|------------|--------|--------|--------|
| ASSETS                                     |   |   |   |   |       |   |   |   |
| Current assets                             |   |   |   |   |       |   |   |   |
| Cash and cash equivalents                  |   | 2(e)   |   | $      | 2,177,729  |   |   | $      | 2,108,546 |   |
| Accounts receivable, net                   |   | 2(f)   |   |   | 5,094,329  |   |   |   | 4,496,210 |   |
| Deposits, prepayment and other receivables |   | 3      |   |   | 3,011,746  |   |   |   | 1,582,148 |   |
| Amount due from related company            |   | 5      |   |   | 634,768    |   |   |   | 413,929 |   |
| Other loan receivables                     |   | 6      |   |   | 112,447    |   |   |   | 236,292 |   |
| Inventory                                  |   | 8      |   |   | 1,863,474  |   |   |   | 2,435,369 |   |
| Total current assets                       |   |   |   | $      | 12,894,493 |   |   | $      | 11,272,494 |   |
| Unlisted investment                        |   | 2(g)   |   |   | 949,873    |   |   |   | 949,873 |   |
| Investment in associated companies         |   | 2(l)   |   |   | 1          |   |   |   | 1 |   |
| Goodwill                                   |   | 4      |   |   | 8,779,715  |   |   |   | 11,157,681 |   |
| Plant and equipment, net                   |   | 7      |   |   | 7,229,808  |   |   |   | 8,165,308 |   |
| Intangible assets, net                     |   | 9      |   |   | 1,234,368  |   |   |   | 1,197,300 |   |
|                                       |   |   |   |   |       |   |   |   |   |   |
| TOTAL ASSETS                               |   |   |   | $      | 31,088,258 |   |   | $      | 32,742,657 |   |
|                                       |   |   |   |   |       |   |   |   |   |   |
| LIABILITIES ANDSTOCKHOLDERS’ EQUITY  |   |   |   |   |       |   |   |   |   |   |
| Current liabilities                        |   |   |   |   |       |   |   |   |   |   |
| Accounts payable                           |   |   |   | $      | 4,598,085  |   |   | $      | 3,509,165 |   |
| Accrued liabilities and other payable      |   | 10     |   |   | 2,943,009  |   |   |   | 2,889,068 |   |
| Customers deposits                         |   |   |   |   | 19,705     |   |   |   | 18,280 |   |
| Advance from a shareholder                 |   | 11     |   |   | 976,561    |   |   |   | 337,658 |   |
| Finance leases                             |   | 12     |   |   | -          |   |   |   | 132,763 |   |
| Short term loan                            |   | 13     |   |   | 6,118,679  |   |   |   | 5,527,978 |   |
| Business and other taxes payable           |   |   |   |   | 1,104      |   |   |   | 1,141 |   |
| Total current liabilities                  |   |   |   | $      | 14,657,143 |   |   | $      | 12,416,053 |   |
| TOTAL LIABILITIES                          |   |   |   | $      | 14,657,143 |   |   | $      | 12,416,053 |   |

----

| UNI CORE HOLDINGS CORPORATION             |
|-------------------------------------------|
| (Formerly Known As INTERMOST CORPORATION) |
| CONSOLIDATED BALANCE SHEETS (Continued)   |
| AS AT JUNE 30, 2011 AND 2010              |
| (Stated in US Dollars)                    |

|                                                                                                                                                                                |   | Notes   |   | 2011   |        |   | 2010   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------|--------|--------|-------------|--------|--------|--------|
| STOCKHOLDERS’ EQUITY                                                                                                                                                          |   |    |   |   |        |   |   |   |
|                                                                                                                                                                                |   |    |   |   |        |   |   |   |
| Preferred stock at $0.001 par value, 5,000,000 (2010: Nil) shares authorized,  Nil (2010: Nil) shares issued and outstanding.                                             |   |    |   |   | -           |   |   |   | - |   |
|                                                                                                                                                                                |   |    |   |   |        |   |   |   |   |   |
| Common stock at $0.001 par value, 2,000,000,000 (2010: 2,000,000,000) shares  authorized, 707,406,873 (2010: 664,031,873) shares issued and outstanding at June 30, 2011; |   | 15      |   | $      | 707,407     |   |   | $      | 664,032 |   |
| Additional paid-in capital                                                                                                                                                          |   | 15      |   |   | 57,556,806  |   |   |   | 54,050,181 |   |
| Accumulated deficit                                                                                                                                                                 |   |    |   |   | (44,076,475 | )      |   |   | (36,120,023 | ) |
| Non-control interest                                                                                                                                                                |   |    |   |   | 1,406,863   |   |   |   | 1,229,502 |   |
| Accumulated other comprehensive income                                                                                                                                              |   | 2(t),15 |   |   | 836,514     |   |   |   | 502,912 |   |
|                                                                                                                                                                                |   |    |   |   |        |   |   |   |   |   |
|                                                                                                                                                                                |   |    |   | $      | 16,431,115  |   |   | $      | 20,326,604 |   |
|                                                                                                                                                                                |   |    |   |   |        |   |   |   |   |   |
| TOTAL LIABILITIES AND  STOCKHOLDERS’ EQUITY                                                                                                                         |   |    |   | $      | 31,088,258  |   |   | $      | 32,742,657 |   |

----

| UNI CORE HOLDINGS CORPORATION                              |
|------------------------------------------------------------|
| (Formerly Known As INTERMOST CORPORATION)                  |
| CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME |
| FOR THE YEARS ENDED JUNE 30, 2011 AND 2010                 |
| (Stated in US Dollars)                                     |

|                                            |   | Notes  |   | 2011   |        |   | 2010   |   |
|-------------------------------------------------|--------|--------|--------|--------|-------------|--------|--------|--------|
|                                            |   |   |   |   |        |   |   |   |
| Net revenues                                    |   | 2(m)   |   | $      | 19,735,344  |   |   | $      | 2,706,118 |   |
| Cost of net revenues                            |   |   |   |   | (19,125,664 | )      |   |   | (1,252,343 | ) |
|                                            |   |   |   |   |        |   |   |   |   |   |
| Gross profit                                    |   |   |   | $      | 609,680     |   |   | $      | 1,453,775 |   |
| Selling, general and administrative expenses    |   |   |   |   | (5,913,562  | )      |   |   | (3,188,394 | ) |
|                                            |   |   |   |   |        |   |   |   |   |   |
| Loss from operations                            |   |   |   | $      | (5,303,882  | )      |   | $      | (1,734,619 | ) |
| Interest income                                 |   |   |   |   | 12,523      |   |   |   | 1,148 |   |
| Interest expense                                |   |   |   |   | (609,447    | )      |   |   | (34,882 | ) |
| Dividend income                                 |   |   |   |   | 950,542     |   |   |   | 439,405 |   |
| Bad debts recovery                              |   |   |   |   | -           |   |   |   | 49,587 |   |
| Bad debts written off                           |   | 3(d)   |   |   | (38,154     | )      |   |   | (300,441 | ) |
|                                            |   |   |   | $      | (4,988,418  | )      |   | $      | (1,579,802 | ) |
| Unusual items                                   |   |   |   |   |        |   |   |   |   |   |
| Impairment on Goodwill                          |   | 4      |   |   | (2,854,023  | )      |   |   | (11,099,123 | ) |
|                                            |   |   |   |   |        |   |   |   |   |   |
| Loss before income taxes and minority interests |   |   |   | $      | (7,842,441  | )      |   | $      | (12,678,925 | ) |
| Income taxes                                    |   | 14     |   |   | -           |   |   |   | - |   |
|                                            |   |   |   |   |        |   |   |   |   |   |
| Net loss before minority interests              |   |   |   | $      | (7,842,441  | )      |   | $      | (12,678,925 | ) |
| Non-control interest                            |   |   |   |   | (114,011    | )      |   |   | (158,828 | ) |
|                                            |   |   |   |   |        |   |   |   |   |   |
| Net loss                                        |   |   |   | $      | (7,956,452  | )      |   | $      | (12,837,753 | ) |
|                                            |   |   |   |   |        |   |   |   |   |   |
| Net loss per share:                             |   |   |   |   |        |   |   |   |   |   |
| -Basic and diluted                              |   |   |   | $      | (0.0115     | )      |   | $      | (0.0507 | ) |
|                                            |   |   |   |   |        |   |   |   |   |   |
| Weighted average no. of common stock            |   |   |   |   |        |   |   |   |   |   |
| -Basic and diluted                              |   |   |   |   | 690,079,476 |   |   |   | 253,343,004 |   |

----

| UNI CORE HOLDINGS CORPORATION                         |
|-------------------------------------------------------|
| (Formerly Known As INTERMOST CORPORATION)             |
| CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY |
| FOR THE YEARS ENDED JUNE 30, 2011 AND 2010            |
| (Stated in US Dollars)                                |

|                                                     |   |        |        |   |   |   |    | Additional |   |   | Accumulated   |   |   |        |    |   |        |   |        |   |   |
|---------------------------------------------------------------|--------|-------------|-------------|--------|--------|--------|---------|------------|--------|--------|---------------|--------|--------|-------------|---------|--------|-------------|--------|-------------|--------|--------|
|                                                          |   | No.         |        |   |   |   |    | paid       |   |   | Other         |   |   |        |    |   |        |   |        |   |   |
|                                                          |   | shares      |        |   | Common |   |    | In         |   |   | comprehensive |   |   | Accumulated |    |   | Non-control |   |        |   |   |
|                                                          |   | outstanding |        |   | stock  |   |    | capital    |   |   | Income/(loss) |   |   | deficit     |    |   | interest    |   |        | Total  |   |
| Balance, July 1, 2009                                         |   |        | 213,281,873 |   |   | $      | 213,282 |       |   | $      | 24,997,931    |   |   | $           | (32,062 | )      |        | $      | (23,282,270 | )      |   | $ | 446,361 |   |   | $ | 2,343,242 |   |
| Net (loss)/profit                                             |   |        | -           |   |   |   | -       |       |   |   | -             |   |   |        | -       |   |        |   | (12,837,753 | )      |   |   | 158,828 |   |   |   | (12,678,925 | ) |
| Issuance of common stock on August 19, 2009                   |   |        | 500,000     |   |   |   | 500     |       |   |   | 24,500        |   |   |        | -       |   |        |   | -           |   |   |   | - |   |   |   | 25,000 |   |
| Cancellation of common stock on October 8, 2009               |   |        | (1,750,000  | )      |   |   | (1,750  | )          |   |   | (320,250      | )      |   |        | -       |   |        |   | -           |   |   |   | - |   |   |   | (322,000 | ) |
| Issuance of common stock on October 15, 2009                  |   |        | 12,000,000  |   |   |   | 12,000  |       |   |   | 1,188,000     |   |   |        | -       |   |        |   | -           |   |   |   | - |   |   |   | 1,200,000 |   |
| Issuance of common stock on January 8, 2010                   |   |        | 110,000,000 |   |   |   | 110,000 |       |   |   | 7,040,000     |   |   |        | -       |   |        |   | -           |   |   |   | - |   |   |   | 7,150,000 |   |
| Issuance of common stock on June 1, 2010                      |   |        | 330,000,000 |   |   |   | 330,000 |       |   |   | 21,120,000    |   |   |        | -       |   |        |   | -           |   |   |   | - |   |   |   | 21,450,000 |   |
| Issuance of common stock by CEPHGL                            |   |        | -           |   |   |   | -       |       |   |   | -             |   |   |        | -       |   |        |   | -           |   |   |   | 615,750 |   |   |   | 615,750 |   |
| Foreign currency translation adjustment                       |   |        | -           |   |   |   | -       |       |   |   | -             |   |   |        | 534,974 |   |        |   | -           |   |   |   | 8,563 |   |   |   | 543,537 |   |
| Balance, June 30, 2010                                        |   |        | 664,031,873 |   |   | $      | 664,032 |       |   | $      | 54,050,181    |   |   | $           | 502,912 |   |        | $      | (36,120,023 | )      |   | $ | 1,229,502 |   |   | $ | 20,326,604 |   |
|                                                          |   |        |        |   |   |   |    |       |   |   |          |   |   |        |    |   |        |   |        |   |   |   |   |   |   |   |   |   |
| Balance, July 1, 2010                                         |   |        | 664,031,873 |   |   | $      | 664,032 |       |   | $      | 54,050,181    |   |   | $           | 502,912 |   |        | $      | (36,120,023 | )      |   | $ | 1,229,502 |   |   | $ | 20,326,604 |   |
| Net (loss)/profit                                             |   |        | -           |   |   |   | -       |       |   |   | -             |   |   |        | -       |   |        |   | (7,956,452  | )      |   |   | 114,011 |   |   |   | (7,842,441 | ) |
| Issuance of common stock on November 18, 2010                 |   |        | 37,500,000  |   |   |   | 37,500  |       |   |   | 2,962,500     |   |   |        | -       |   |        |   | -           |   |   |   | - |   |   |   | 3,000,000 |   |
| Issuance of common stock for service fee on November 18, 2010 |   |        | 1,875,000   |   |   |   | 1,875   |       |   |   | 148,125       |   |   |        | -       |   |        |   | -           |   |   |   | - |   |   |   | 150,000 |   |
| Issuance of common stock on January 18, 2011                  |   |        | 4,000,000   |   |   |   | 4,000   |       |   |   | 396,000       |   |   |        | -       |   |        |   | -           |   |   |   | - |   |   |   | 400,000 |   |
| Foreign currency translation adjustment                       |   |        | -           |   |   |   | -       |       |   |   | -             |   |   |        | 333,602 |   |        |   | -           |   |   |   | 63,350 |   |   |   | 396,952 |   |
| Balance, June 30, 2011                                        |   |        | 707,406,873 |   |   |   | 707,407 |       |   |   | 57,556,806    |   |   |        | 836,514 |   |        |   | (44,076,475 | )      |   |   | 1,406,863 |   |   |   | 16,431,115 |   |

----

| UNI CORE HOLDINGS CORPORATION              |
|--------------------------------------------|
| (Formerly Known As INTERMOST CORPORATION)  |
| CONSOLIDATED STATEMENTS OF CASH FLOWS      |
| FOR THE YEARS ENDED JUNE 30, 2011 AND 2010 |
| (Stated in US Dollars)                     |

|                                                                            |   | Note   |   | 2011   |       |   | 2010   |   |
|---------------------------------------------------------------------------------|--------|--------|--------|--------|------------|--------|--------|--------|
| Cash flows from operating activities                                            |   |   |   |   |       |   |   |   |
| Net loss                                                                        |   |   |   | $      | (7,956,452 | )      |   | $      | (12,837,753 | ) |
| Amortization of intangible assets                                               |   |   |   |   | 23,906     |   |   |   | 23,805 |   |
| Bad debts                                                                       |   | 3(d)   |   |   | 38,154     |   |   |   | 300,441 |   |
| Depreciation                                                                    |   |   |   |   | 1,055,646  |   |   |   | 143,138 |   |
| Loss on disposal of fixed assets                                                |   |   |   |   | 422,391    |   |   |   | - |   |
| Impairment of goodwill                                                          |   | 4      |   |   | 2,854,023  |   |   |   | 11,099,123 |   |
| Consultant fee by issuances of common stock                                     |   |   |   |   | 150,000    |   |   |   | 900,000 |   |
| Non-control interest                                                            |   |   |   |   | 114,011    |   |   |   | 158,828 |   |
| Issuances of common stock by CEPHGL                                             |   |   |   |   | -          |   |   |   | 615,827 |   |
|                                                                            |   |   |   |   |       |   |   |   |   |   |
| Adjustments to reconcile net loss to net cash provided by operating activities: |   |   |   |   |       |   |   |   |   |   |
| Accounts receivable, net                                                        |   |   |   |   | (367,701   | )      |   |   | (85,025 | ) |
| Deposits, prepayment and other receivable                                       |   |   |   |   | (1,318,295 | )      |   |   | 258,410 |   |
| Inventory                                                                       |   |   |   |   | 674,493    |   |   |   | 181,476 |   |
| Accounts payables                                                               |   |   |   |   | 893,663    |   |   |   | (264,637 | ) |
| Accrued liabilities and other payable                                           |   |   |   |   | 206,797    |   |   |   | (148,156 | ) |
| Customers deposits                                                              |   |   |   |   | 513        |   |   |   | 135,879 |   |
| Deferred revenue                                                                |   |   |   |   | -          |   |   |   | (493 | ) |
| Business and other taxes payable                                                |   |   |   |   | (481       | )      |   |   | (23,897 | ) |
|                                                                            |   |   |   |   |       |   |   |   |   |   |
| Net cash (used in)/provided by operating activities                             |   |   |   | $      | (3,209,332 | )      |   | $      | 456,966 |   |
|                                                                            |   |   |   |   |       |   |   |   |   |   |
| Cash flows from investing activities                                            |   |   |   |   |       |   |   |   |   |   |
| Acquisition of plant and equipment                                              |   |   |   | $      | (174,205   | )      |   | $      | (9,957 | ) |
| Bank balance acquired from issuance of common stock                             |   |   |   |   | -          |   |   |   | 592,971 |   |
| Acquisition of intangible assets                                                |   |   |   |   | (2,459     | )      |   |   | (28,561 | ) |
|                                                                            |   |   |   |   |       |   |   |   |   |   |
| Net cash (used in)/provided by investing activities                             |   |   |   | $      | (176,664   | )      |   | $      | 554,453 |   |

----

| UNI CORE HOLDINGS CORPORATION                     |
|---------------------------------------------------|
| (Formerly Known As INTERMOST CORPORATION)         |
| CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued) |
| FOR THE YEARS ENDED JUNE 30, 2011 AND 2010        |
| (Stated in US Dollars)                            |

|                                                                |   | 2011   |      |   | 2010   |   |
|---------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|
| Cash flows from financing activities                                |   |   |      |   |   |   |
| Advance from a related party                                        |   | $      | (195,517  | )      |   | $      | (58,587 | ) |
| Advance from a shareholder                                          |   |   | 606,874   |   |   |   | - |   |
| Repayment of finance lease                                          |   |   | (296,065  | )      |   |   | (21,059 | ) |
| Bank loans                                                          |   |   | 310,993   |   |   |   | 218,359 |   |
| Insurance of common stock                                           |   |   | 3,550,000 |   |   |   | - |   |
|                                                                |   |   |      |   |   |   |   |   |
| Net cash provided by financing activities                           |   | $      | 3,976,285 |   |   | $      | 138,713 |   |
|                                                                |   |   |      |   |   |   |   |   |
| Net increase in cash and cash equivalents                           |   | $      | 590,289   |   |   | $      | 1,150,132 |   |
| Effect of foreign currency translation on cash and cash equivalents |   |   | (521,106  | )      |   |   | 382,891 |   |
|                                                                |   |   |      |   |   |   |   |   |
| Cash and cash equivalents–beginning of year                   |   |   | 2,108,546 |   |   |   | 575,523 |   |
|                                                                |   |   |      |   |   |   |   |   |
| Cash and cash equivalents–end of year                         |   | $      | 2,177,729 |   |   | $      | 2,108,546 |   |

|                                 |   | 2011   |     |   | 2010   |   |
|--------------------------------------|--------|--------|----------|--------|--------|--------|
| Supplementary cash flow information: |   |   |     |   |   |   |
| Interest received                    |   | $      | 12,523   |   |   | $      | 1,148 |   |
| Interest expense                     |   |   | (609,447 | )      |   |   | (34,882 | ) |

----

| UNI CORE HOLDINGS CORPORATION              |
|--------------------------------------------|
| (Formerly Known As INTERMOST CORPORATION)  |
| NOTES TO CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE YEARS ENDED JUNE 30, 2011 AND 2010 |
| (Stated in US Dollars)                     |

| 1. | ORGANIZATION AND PRINCIPAL ACTIVITIES |
|----|---------------------------------------|

| 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
|----|--------------------------------------------|

| (a) | Method of Accounting |
|-----|----------------------|

----

| UNI CORE HOLDINGS CORPORATION              |
|--------------------------------------------|
| (Formerly Known As INTERMOST CORPORATION)  |
| NOTES TO CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE YEARS ENDED JUNE 30, 2011 AND 2010 |
| (Stated in US Dollars)                     |

| 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) |
|----|--------------------------------------------------------|

| (b) | Principles of Consolidation |
|-----|-----------------------------|

| Name                                                                                                                 |   | Place ofincorporation oforganization |   | Percentage ofEquity InterestAttributable tothe Company |   |          | Principal Activities |
|----------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------|--------|----------------------------------------------------------------------------|--------|---------------|---------------------------|
| Uni Core Holdings Corporation (f.k.a. Intermost Limited) (“IL”)                                          |   | British Virgin Islands                         |   |                                                                       | 100    | %   |                      | Investment holding |
|                                                                                                                 |   |                                           |   |                                                                       |   |          |                      |   |
| Leader Palace International Limited (LP)                                                                             |   | British Virgin Islands                         |   |                                                                       | 100    | %             |                      | Inactive |
|                                                                                                                 |   |                                           |   |                                                                       |   |          |                      |   |
| Intermost (H.K.) Limited (“IHKL”)                                                                        |   | Hong Kong                                      |   |                                                                       | 100    | %             |                      | Inactive |
|                                                                                                                 |   |                                           |   |                                                                       |   |          |                      |   |
| IMOT Information Technology (Shenzhen) Ltd. (“IITSL”)*                                                   |   | PRC                                            |   |                                                                       | 100    | %             |                      | Inactive |
|                                                                                                                 |   |                                           |   |                                                                       |   |          |                      |   |
| China Equity Platform Holding Group Limited (“CEPHGL”)**                                                 |   | British Virgin Islands                         |   |                                                                       | 53.42  | %             |                      | Investment holding |
|                                                                                                                 |   |                                           |   |                                                                       |   |          |                      |   |
| ChinaE.com E-Commerce Co. Ltd. (Formerly known as China E.com Information Technology Ltd. (“CECITL”))*** |   | PRC                                            |   |                                                                       | 53.42  | %             |                      | Business equity and financial consulting services |
|                                                                                                                 |   |                                           |   |                                                                       |   |          |                      |   |
| ChinaE.com Technology (Shenzhen) Ltd.(“CECTSL”)***                                                       |   | PRC                                            |   |                                                                       | 53.42  | %             |                      | Business equity and financial consulting services |

----

| UNI CORE HOLDINGS CORPORATION              |
|--------------------------------------------|
| (Formerly Known As INTERMOST CORPORATION)  |
| NOTES TO CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE YEARS ENDED JUNE 30, 2011 AND 2010 |
| (Stated in US Dollars)                     |

| 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) |
|----|--------------------------------------------------------|

| (b) | Principles of Consolidation (continued) |
|-----|-----------------------------------------|

| Name                                                                                                                                                                |   | Place ofincorporation oforganization |   | Percentage ofEquity InterestAttributable tothe Company |   |          | Principal Activities |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------|--------|----------------------------------------------------------------------------|--------|---------------|---------------------------|
| ChinaE.com Investment Consultants (Shenzhen) Company Ltd. (“CECICSL”)****                                                                               |   | PRC                                            |   |                                                                       | 53.42  | %   |                      | Inactive |
|                                                                                                                                                                |   |                                           |   |                                                                       |   |          |                      |   |
| Intermost Focus Advertising Company Ltd.(“IFACL”)****                                                                                                   |   | PRC                                            |   |                                                                       | 48.07  | %             |                      | Inactive |
|                                                                                                                                                                |   |                                           |   |                                                                       |   |          |                      |   |
| Shenzhen United Property And Share Rights Exchange (fka. “Shenzhen International Hi-Tech Property Right Exchange Centre”) (“SIHTPREC”)***** |   | PRC                                            |   |                                                                       | 8.01   | %             |                      | Private equity exchange |
|                                                                                                                                                                |   |                                           |   |                                                                       |   |          |                      |   |
| Hainan Special Economic Zone Property Right Exchange Center (“PREC”)*****                                                                               |   | PRC                                            |   |                                                                       | 11.22  | %             |                      | Private Property Right Exchange |
|                                                                                                                                                                |   |                                           |   |                                                                       |   |          |                      |   |
| Easeway Investments Limited (“EIL”)                                                                                                                     |   | British Virgin Islands                         |   |                                                                       | 100    | %             |                      | Inactive |
|                                                                                                                                                                |   |                                           |   |                                                                       |   |          |                      |   |
| APT Paper Group Limited (“APTPGL”)                                                                                                                      |   | Cayman Islands                                 |   |                                                                       | 100    | %             |                      | Investment holding |
|                                                                                                                                                                |   |                                           |   |                                                                       |   |          |                      |   |
| Plan Star Development Limited (“PSDL”)                                                                                                                  |   | Hong Kong                                      |   |                                                                       | 100    | %             |                      | Investment holding |
|                                                                                                                                                                |   |                                           |   |                                                                       |   |          |                      |   |
| Jin Long Paper Products Company Limited (“JLPPCL”)                                                                                                      |   | PRC                                            |   |                                                                       | 100    | %             |                      | Manufacturing and wholesale of paper product |
|                                                                                                                                                                |   |                                           |   |                                                                       |   |          |                      |   |
| Ho Ni Long Honeycomb Paper Product (Shenzhen) Company Limited (“HNL”)                                                                                   |   | PRC                                            |   |                                                                       | 100    | %             |                      | Manufacturing and wholesale of paper product |
|                                                                                                                                                                |   |                                           |   |                                                                       |   |          |                      |   |
| Pheng Hoon Honeycomb Paper Products Pte. Limited (“PHHP”)                                                                                               |   | Singapore                                      |   |                                                                       | 12.67  | %             |                      | Paper or paper product wholesale |

----

| UNI CORE HOLDINGS CORPORATION              |
|--------------------------------------------|
| (Formerly Known As INTERMOST CORPORATION)  |
| NOTES TO CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE YEARS ENDED JUNE 30, 2011 AND 2010 |
| (Stated in US Dollars)                     |

| 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) |
|----|--------------------------------------------------------|

| (b) | Principles of Consolidation (continued) |
|-----|-----------------------------------------|

| Name                                                                |   | Place ofincorporation oforganization |   | Percentage ofEquity InterestAttributable tothe Company |   |          | Principal Activities |
|---------------------------------------------------------------------|--------|------------------------------------------------|--------|----------------------------------------------------------------------------|--------|---------------|---------------------------|
| APT Investment Limited                                              |   | British Virgin Islands                         |   |                                                                       | 100    | %   |                      | Investment holding |
|                                                                |   |                                           |   |                                                                       |   |          |                      |   |
| ShenZhen Jin Li Honeycomb Paper Products Equipments Company Limited |   | PRC                                            |   |                                                                       | 100    | %             |                      | Equipment manufacturing |
|                                                                |   |                                           |   |                                                                       |   |          |                      |   |
| APT Management Limited                                              |   | British Virgin Islands                         |   |                                                                       | 100    | %             |                      | Investment holding |
|                                                                |   |                                           |   |                                                                       |   |          |                      |   |
| Su Zhou Eastern Sunrise Company Limited                             |   | PRC                                            |   |                                                                       | 100    | %             |                      | Manufacturing and wholesale of paper product |
|                                                                |   |                                           |   |                                                                       |   |          |                      |   |
| Ivanhoe Holdings Limited                                            |   | Hong Kong                                      |   |                                                                       | 100    | %             |                      | Investment holding |
|                                                                |   |                                           |   |                                                                       |   |          |                      |   |
| Qing Dao Eastern Sunrise Company Limited                            |   | PRC                                            |   |                                                                       | 100    | %             |                      | Manufacturing and wholesale of paper product |

----

| UNI CORE HOLDINGS CORPORATION              |
|--------------------------------------------|
| (Formerly Known As INTERMOST CORPORATION)  |
| NOTES TO CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE YEARS ENDED JUNE 30, 2011 AND 2010 |
| (Stated in US Dollars)                     |

| 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) |
|----|--------------------------------------------------------|

| (b) | Principles of Consolidation (continued) |
|-----|-----------------------------------------|

| (c) | Use of estimates |
|-----|------------------|

| (d) | Economic and political risks |
|-----|------------------------------|

----

| UNI CORE HOLDINGS CORPORATION              |
|--------------------------------------------|
| (Formerly Known As INTERMOST CORPORATION)  |
| NOTES TO CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE YEARS ENDED JUNE 30, 2011 AND 2010 |
| (Stated in US Dollars)                     |

| 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) |
|----|--------------------------------------------------------|

| (e) | Cash and cash equivalents |
|-----|---------------------------|

| (f) | Account receivable |
|-----|--------------------|

| (g) | Investments |
|-----|-------------|

----

| UNI CORE HOLDINGS CORPORATION              |
|--------------------------------------------|
| (Formerly Known As INTERMOST CORPORATION)  |
| NOTES TO CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE YEARS ENDED JUNE 30, 2011 AND 2010 |
| (Stated in US Dollars)                     |

| 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) |
|----|--------------------------------------------------------|

| (h) | Property and equipment |
|-----|------------------------|

| Computer equipment             | 3 years              |
|--------------------------------|----------------------|
| Furniture and office equipment | 5 years              |
| Buildings                      | Over the lease terms |
| Leasehold improvements         | Over the lease terms |
| Motor vehicles                 | 5 years              |
| Machinery and equipment        | 5 years              |

| (i) | Inventories |
|-----|-------------|

| (j) | Goodwill |
|-----|----------|

----

| UNI CORE HOLDINGS CORPORATION              |
|--------------------------------------------|
| (Formerly Known As INTERMOST CORPORATION)  |
| NOTES TO CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE YEARS ENDED JUNE 30, 2011 AND 2010 |
| (Stated in US Dollars)                     |

| 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) |
|----|--------------------------------------------------------|

| (k) | Accounting for the impairment of long-lived assets |
|-----|----------------------------------------------------|

| (l) | Associated Company |
|-----|--------------------|

----

| UNI CORE HOLDINGS CORPORATION              |
|--------------------------------------------|
| (Formerly Known As INTERMOST CORPORATION)  |
| NOTES TO CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE YEARS ENDED JUNE 30, 2011 AND 2010 |
| (Stated in US Dollars)                     |

| 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) |
|----|--------------------------------------------------------|

| (m) | Revenue recognition |
|-----|---------------------|

----

| UNI CORE HOLDINGS CORPORATION              |
|--------------------------------------------|
| (Formerly Known As INTERMOST CORPORATION)  |
| NOTES TO CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE YEARS ENDED JUNE 30, 2011 AND 2010 |
| (Stated in US Dollars)                     |

| 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) |
|----|--------------------------------------------------------|

| (n) | Stock compensation |
|-----|--------------------|

----

| UNI CORE HOLDINGS CORPORATION              |
|--------------------------------------------|
| (Formerly Known As INTERMOST CORPORATION)  |
| NOTES TO CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE YEARS ENDED JUNE 30, 2011 AND 2010 |
| (Stated in US Dollars)                     |

| 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) |
|----|--------------------------------------------------------|

| (o) | Issuance of shares for service |
|-----|--------------------------------|

| (p) | Advertising |
|-----|-------------|

| (q) | Income taxes |
|-----|--------------|

----

| 2.  | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) |
|----------|--------------------------------------------------------|

| (q)  | Income taxes (continued) |
|-----------|--------------------------|

| Rate   |   |   | Over   |   |       | But not over |   |   | Of Amount Over |   |
|--------|--------|--------|--------|--------|------------|------------------------|--------|--------|--------------------------|--------|
|   | 15     | %      |   |   | -          |                   |   |   | 50,000                   |   |   |   | - |   |
|   | 25     | %      |   |   | 50,000     |                   |   |   | 75,000                   |   |   |   | 50,000 |   |
|   | 34     | %      |   |   | 75,000     |                   |   |   | 100,000                  |   |   |   | 75,000 |   |
|   | 39     | %      |   |   | 100,000    |                   |   |   | 335,000                  |   |   |   | 100,000 |   |
|   | 34     | %      |   |   | 335,000    |                   |   |   | 10,000,000               |   |   |   | 335,000 |   |
|   | 35     | %      |   |   | 10,000,000 |                   |   |   | 15,000,000               |   |   |   | 10,000,000 |   |
|   | 38     | %      |   |   | 15,000,000 |                   |   |   | 18,333,333               |   |   |   | 15,000,000 |   |
|   | 35     | %      |   |   | 18,333,333 |                   |   |   | -                        |   |   |   | - |   |

| (r) | Earnings per share |
|-----|--------------------|

----

| 2.  | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) |
|----------|--------------------------------------------------------|

| (s) | Foreign currency translation |
|-----|------------------------------|

|                                   |   | June 30, 2011 |   |   | June 30, 2010 |   |
|----------------------------------------|--------|-------------------------|--------|--------|-------------------------|--------|
| Year end HKD : US$ exchange rate       |   |                    | 7.7834 |   |                    |   | 7.7868 |   |
| Average yearly HKD : US$ exchange rate |   |                    | 7.7745 |   |                    |   | 7.7608 |   |

|                                   |   | June 30, 2011 |    |   | June 30, 2010 |   |
|----------------------------------------|--------|-------------------------|---------|--------|-------------------------|--------|
| Year end TWD : US$ exchange rate       |   |                    | 28.9100 |   |                    |   | 32.2763 |   |
| Average yearly TWD : US$ exchange rate |   |                    | 30.1354 |   |                    |   | 32.2198 |   |

|                                   |   | June 30, 2011 |   |   | June 30, 2010 |   |
|----------------------------------------|--------|-------------------------|--------|--------|-------------------------|--------|
| Year end RMB : US$ exchange rate       |   |                    | 6.4635 |   |                    |   | 6.7813 |   |
| Average yearly RMB : US$ exchange rate |   |                    | 6.6278 |   |                    |   | 6.8274 |   |

| (t) | Comprehensive income |
|-----|----------------------|

----

| 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) |
|----|--------------------------------------------------------|

| (u) | Recent accounting pronouncements |
|-----|----------------------------------|

----

| 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) |
|----|--------------------------------------------------------|

| (u) | Recent accounting pronouncements (continued) |
|-----|----------------------------------------------|

----

| 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) |
|----|--------------------------------------------------------|

| (u) | Recent accounting pronouncements (continued) |
|-----|----------------------------------------------|

----

| 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) |
|----|--------------------------------------------------------|

| (u) | Recent accounting pronouncements (continued) |
|-----|----------------------------------------------|

----

| 3. | DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES |
|----|---------------------------------------------|

|                          |   | 2011   |      |   | 2010   |   |
|-------------------------------|--------|--------|-----------|--------|--------|--------|
| Rental and utilities deposits |   | $      | 216,939   |   |   | $      | 67,433 |   |
| Advance to employees (c)      |   |   | 61,528    |   |   |   | 178,950 |   |
| Prepaid expenses              |   |   | 133,563   |   |   |   | 611,001 |   |
| Deposit for acquisition (e)   |   |   | 709,430   |   |   |   | - |   |
| Deposit by court order (b)    |   |   | 622,193   |   |   |   | 622,193 |   |
| Trade deposit paid            |   |   | 457,853   |   |   |   | - |   |
| Other receivables (a)         |   |   | 57,308    |   |   |   | 100,000 |   |
| Deposit for legal services    |   |   | 16,353    |   |   |   | - |   |
| Advanced to third party (f)   |   |   | 753,735   |   |   |   | - |   |
| Others                        |   |   | -         |   |   |   | 2,571 |   |
| Exchange difference           |   |   | (17,156   | )      |   |   | - |   |
|                          |   |   |      |   |   |   |   |   |
|                          |   | $      | 3,011,746 |   |   | $      | 1,582,148 |   |

| (a) | Other receivables are the amount that will be collected from an associated company, Golden Anke Technology, Ltd. It is unsecured, non-interest bearing, and, due and payable on demand. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Fu Xiang Peng and Liu Fang Rong Versus Shenzhen Jinlong Paper Products Co., Ltd., Honilong Honeycomb Paper Product (Shenzhen) Co., Ltd., Shenzhen Jinli Honeycomb Paper Products Equipments Co., Ltd., Suzhou Eastern Sunrise Wall Material Technology Co., Ltd. And Qingdao Eastern Sunrise Co., Ltd. All the parties of this case have reached a settlement agreement, and Shenzhen Jonlong Paper Products Co., Ltd. has deposited relevant amount of maoney into the specified bank account according to the court’s instruction. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | Advances to employees are advances for purchases and travelling. They are unsecured, interest free and repayable on demand. The following table provides the rollforward of the activity in the advances to employees: |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                    |   | 2011   |     |   | 2010   |   |
|-----------------------------------------|--------|--------|----------|--------|--------|--------|
|                                    |   |   |     |   |   |   |
| Beginning balance, July 1               |   | $      | 178,950  |   |   | $      | 7,412 |   |
| Add: Advanced during the year           |   |   | -        |   |   |   | 178,950 |   |
|                                    |   |   |     |   |   |   |   |   |
| Less: Transferred to income statement   |   |   | (117,422 | )      |   |   | (7,412 | ) |
|    Recollected from employees |   |   | -        |   |   |   | - |   |
|                                    |   |   |     |   |   |   |   |   |
| Ending balance, June 30                 |   | $      | 61,528   |   |   | $      | 178,950 |   |

----

| 3.  | DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES (continued) |
|----------|---------------------------------------------------------|

| (d) | The bad debt written-off in June 30, 2011 was $38,154 (2010: $300,441) which was trade debts written-off. |
|-----|-----------------------------------------------------------------------------------------------------------|

| (e) | On December 21, 2009, Uni Core Holdings Corporation (UCHC) entered into Investment Cooperation Agreement (Agreement) with the shareholders of Shaanxi Prosperous Agriculture Company Limited (Prosperous Agriculture) to acquire 51% equity of Prosperous Agriculture by two phrases and exchanged in total 11 millions of UCHC shares. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (f) | Deposit of US$753,735 (RMB5,000,000) for the set-up of Avana Insurance Agency in PRC. |
|-----|---------------------------------------------------------------------------------------|

| 4. | GOODWILL |
|----|----------|

|                              |   | RMB    |        |   | USD    |   |
|-----------------------------------|--------|--------|-------------|--------|--------|--------|
| 100% common stock of CECITL       |   | $      | (13,920,093 | )      |   | $      | (2,038,021 | ) |
| 100% common stock of CECICSL      |   |   | 2,083,043   |   |   |   | 304,975 |   |
| 90% common stock of IFACL         |   |   | (131,979    | )      |   |   | (19,323 | ) |
| 100% common stock of CECTSL       |   |   | 15,142,471  |   |   |   | 2,216,988 |   |
| 10% common stock of SIHTPREC      |   |   | 1,941,372   |   |   |   | 284,234 |   |
| 14% common stock of PREC          |   |   | 8,649,826   |   |   |   | 1,266,409 |   |
|                              |   |   |        |   |   |   |   |   |
| Aggregate value                   |   | $      | 13,764,640  |   |   | $      | 2,015,262 |   |
|                              |   |   |        |   |   |   |   |   |
| 60% common stock of CEPHGLL       |   |   | (10,354,200 | )      |   |   | (1,515,944 | ) |
|                              |   |   |        |   |   |   |   |   |
| Goodwill balance at June 30, 2009 |   | $      | 3,410,440   |   |   | $      | 499,318 |   |

|                                                          |   | RMB    |       |   | USD    |   |
|---------------------------------------------------------------|--------|--------|------------|--------|--------|--------|
| Goodwill acquired in CEPHGLL transaction during June 30, 2009 |   | $      | 3,410,440  |   |   | $      | 499,318 |   |
| Foreign currency translation adjustment                       |   |   | -          |   |   |   | - |   |
| Impairment for the year ended June 30, 2009                   |   |   | -          |   |   |   | - |   |
| Elimination: Gain on spin-off subsidiaries                    |   |   | (3,410,440 | )      |   |   | (499,318 | ) |
|                                                          |   |   |       |   |   |   |   |   |
| Consolidated Balance at June 30, 2009                         |   | $      | -          |   |   | $      | - |   |

----

| 4. | GOODWILL (continued) |
|----|----------------------|

|                                  |   | RMB    |        |   | USD    |   |
|---------------------------------------|--------|--------|-------------|--------|--------|--------|
| Cost of acquisition                   |   | $      | 195,309,400 |   |   | $      | 28,600,000 |   |
| Net equity of APT Paper Group Limited |   |   | 43,867,573  |   |   |   | 6,422,308 |   |
|                                  |   |   |        |   |   |   |   |   |
|                                  |   | $      | 151,441,827 |   |   | $      | 22,177,692 |   |
|                                  |   |   |        |   |   |   |   |   |
| Impairment on Goodwill                |   |   | (94,694,140 | )      |   |   | (14,650,598 | ) |
| Exchange differences                  |   |   | -           |   |   |   | 1,252,621 |   |
|                                  |   |   |        |   |   |   |   |   |
| Goodwill balance at June 30, 2011     |   | $      | 56,747,687  |   |   | $      | 8,779,715 |   |

|                                  |   | RMB    |        |   | USD    |   |
|---------------------------------------|--------|--------|-------------|--------|--------|--------|
| Cost of acquisition                   |   | $      | 195,309,400 |   |   | $      | 28,600,000 |   |
| Net equity of APT Paper Group Limited |   |   | 43,867,573  |   |   |   | 6,422,308 |   |
|                                  |   |   |        |   |   |   |   |   |
|                                  |   | $      | 151,441,827 |   |   | $      | 22,177,692 |   |
|                                  |   |   |        |   |   |   |   |   |
| Impairment on Goodwill                |   |   | (75,778,245 | )      |   |   | (11,099,123 | ) |
| Exchange differences                  |   |   | -           |   |   |   | 79,112 |   |
|                                  |   |   |        |   |   |   |   |   |
| Goodwill balance at June 30, 2010     |   | $      | 75,663,582  |   |   | $      | 11,157,681 |   |

----

| 5. | AMOUNT DUE FROM RELATED PARTIES |
|----|---------------------------------|

|                                                             |   | 2011   |    |   | 2010   |   |
|------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
| Boxuan (Shanghai) Investment Consultant Limited.                 |   | $      | -       |   |   | $      | 324,060 |   |
| Jinzuan (Beijing) Investment & Management Consultant Limited |   |   | -       |   |   |   | 29,460 |   |
| FG Management Company Limited                                    |   |   | -       |   |   |   | 58,986 |   |
| First Federal Holdings Limited                                   |   |   | 634,768 |   |   |   | - |   |
| Exchange currency difference                                     |   |   | -       |   |   |   | 1,423 |   |
|                                                             |   |   |    |   |   |   |   |   |
|                                                             |   | $      | 634,768 |   |   | $      | 413,929 |   |

| 6. | OTHER LOAN RECEIVABLES |
|----|------------------------|

----

| 7. | PLANT AND EQUIPMENT, NET |
|----|--------------------------|

|                           |   | 2011   |       |   | 2010   |   |
|--------------------------------|--------|--------|------------|--------|--------|--------|
| At cost                        |   |   |       |   |   |   |
| Computer equipment             |   | $      | -          |   |   | $      | 381,502 |   |
| Buildings                      |   |   | 4,669,747  |   |   |   | 4,381,646 |   |
| Machinery and equipment        |   |   | 8,861,309  |   |   |   | 8,220,604 |   |
| Motor vehicles                 |   |   | 334,870    |   |   |   | 404,778 |   |
| Leasehold improvement          |   |   | 211,052    |   |   |   | 242,653 |   |
| Furniture and office equipment |   |   | 523,418    |   |   |   | 32,478 |   |
|                           |   |   |       |   |   |   |   |   |
|                           |   | $      | 14,600,396 |   |   | $      | 13,663,661 |   |
| Less: Accumulated depreciation |   |   | (7,370,588 | )      |   |   | (5,498,353 | ) |
|                           |   |   |       |   |   |   |   |   |
|                           |   | $      | 7,229,808  |   |   | $      | 8,165,308 |   |

| 8. | INVENTORIES |
|----|-------------|

|                                    |   | 2011   |      |   | 2010   |   |
|-----------------------------------------|--------|--------|-----------|--------|--------|--------|
|                                    |   |   |      |   |   |   |
| Finished goods                          |   | $      | 1,052,959 |   |   | $      | 1,180,279 |   |
| Work in process                         |   |   | 72,732    |   |   |   | 218,216 |   |
| Raw materials and low value consumables |   |   | 737,783   |   |   |   | 1,036,874 |   |
|                                    |   |   |      |   |   |   |   |   |
|                                    |   | $      | 1,863,474 |   |   | $      | 2,435,369 |   |

----

| 9. | INTANGIBLES, NET |
|----|------------------|

|                           |   | 2011   |      |   | 2010   |   |
|--------------------------------|--------|--------|-----------|--------|--------|--------|
|                           |   |   |      |   |   |   |
| Land use rights, at cost       |   | $      | 1,200,877 |   |   | $      | 1,200,877 |   |
| Patents and trademark, at cost |   |   | 53,512    |   |   |   | 53,512 |   |
| Exchange difference            |   |   | 52,694    |   |   |   | - |   |
|                           |   |   |      |   |   |   |   |   |
|                           |   | $      | 1,307,083 |   |   | $      | 1,254,389 |   |
| Less: accumulated amortization |   |   | (72,715   | )      |   |   | (57,089 | ) |
| Total intangibles, net         |   | $      | 1,234,368 |   |   | $      | 1,197,300 |   |

| 10. | ACCRUED LIABILITIES AND OTHER PAYABLES |
|-----|----------------------------------------|

|                                |   | 2011   |      |   | 2010   |   |
|-------------------------------------|--------|--------|-----------|--------|--------|--------|
| Wages and bonus                     |   | $      | 97,374    |   |   | $      | 472,417 |   |
| Consultancy fees                    |   |   | 6,189     |   |   |   | - |   |
| Accrual                             |   |   | 1,249,102 |   |   |   | 1,616,295 |   |
| Other payables to unrelated parties |   |   | 355,844   |   |   |   | 362,461 |   |
| Audit and review fees               |   |   | 40,000    |   |   |   | 40,000 |   |
| Deposit from customers              |   |   | 888,978   |   |   |   | - |   |
| Loan from shareholder               |   |   | 305,522   |   |   |   | 381,942 |   |
| Other                               |   |   | -         |   |   |   | 15,953 |   |
|                                |   |   |      |   |   |   |   |   |
|                                |   | $      | 2,943,009 |   |   | $      | 2,889,068 |   |

| 11.  | ADVANCE FROM A SHAREHOLDER |
|-----------|----------------------------|

----

| 12.  | FINANCE LEASES |
|-----------|----------------|

| Lessee                                      |   | Lease term                  |   | Nature oflease |   | Outstandingamount |    |
|---------------------------------------------|--------|----------------------------------|--------|---------------------|--------|-------------------|---------|
| Chailease International Finance Corporation |   | November 2007 – April 2011 |   | Machinery           |   | $                 | 132,763 |   |

| 13. | SHORT TERM LOAN |
|-----|-----------------|

|                                     |   | Due date |   | June 30, 2011 |      |
|------------------------------------------|--------|---------------|--------|-------------------------|-----------|
| Bank Of Communications (Shenzhen Branch) |   | Feb 11, 2012  |   |                    | 232,072   |   |
| Haier Financial Limited Company          |   | Dec 9, 2011   |   |                    | 1,864,018 |   |
| China Development Bank *                 |   | Apr 13, 2012  |   |                    | 3,831,042 |   |
| Exchange currency difference             |   |          |   |                    | 191,547   |   |
|                                     |   |          |   |                    |      |   |
|                                     |   |          |   |                    | 6,118,679 |   |

|                                     |   | Due date |   | June 30, 2010 |      |
|------------------------------------------|--------|---------------|--------|-------------------------|-----------|
| Bank Of Communications (Shenzhen Branch) |   | Sept 10, 2011 |   |                    | 95,745    |   |
| Haier Financial Limited Company          |   | Jun 10, 2011  |   |                    | 1,039,026 |   |
| Taiwan Business Bank (HK Branch)         |   | Oct 20, 2011  |   |                    | 540,000   |   |
| China Development Bank *                 |   | Apr 13, 2011  |   |                    | 3,831,042 |   |
| Exchange currency difference             |   |          |   |                    | 22,165    |   |
|                                     |   |          |   |                    |      |   |
|                                     |   |          |   |                    | 5,527,978 |   |

| Land use rights |   | $ | 1,200,877 |   |
|-----------------|--------|---|-----------|--------|
| Buildings       |   | $ | 2,937,099 |   |

----

| 14. | INCOME TAXES |
|-----|--------------|

|                              |   | 2011   |       |   | 2010   |   |
|-----------------------------------|--------|--------|------------|--------|--------|--------|
|                              |   |   |       |   |   |   |
| Net operating loss carry forwards |   | $      | 7,956,452  |   |   | $      | 12,837,753 |   |
| Valuation allowance               |   |   | (7,956,452 | )      |   |   | (12,837,753 | ) |
|                              |   |   |       |   |   |   |   |   |
| Deferred tax assets, net          |   | $      | -          |   |   | $      | - |   |

----

| 15. | STOCKHOLDERS’ EQUITY |
|-----|----------------------------|

|                                        |   | Number ofshares |      |
|---------------------------------------------|--------|----------------------|-----------|
|                                        |   |                 |      |
| Wang Fei                                    |   |                 | 2,232,000 |   |
| Wu Qiang                                    |   |                 | 1,116,000 |   |
| Zhao Jing Jing                              |   |                 | 372,000   |   |
| China Equity Platform Holding Group Limited |   |                 | 160,000   |   |
| Star Fair Ventures Corporation              |   |                 | 120,000   |   |
|                                        |   |                 |      |   |
|                                        |   |                 | 4,000,000 |   |

----

| 15. | STOCKHOLDERS’ EQUITY (continued) |
|-----|----------------------------------------|

| 16. | COMMITMENTS |
|-----|-------------|

| June 30,       |   |   |      |
|---------------------|--------|--------|-----------|
| 2011                |   | $      | 1,005,427 |   |
| 2012 and thereafter |   |   | -         |   |
|                |   |   |      |   |
|                |   | $      | 1,005,427 |   |

----

| 17. | SEGMENT INFORMATION |
|-----|---------------------|

|                             |   | Year Ended June 30 |       |
|----------------------------------|--------|-----------------------------------|------------|
|                             |   | 2011                              |       |   | 2010 |   |   | 2011 |   |   | 2010 |   |
|                             |   | US$                               |       |   | US$ |   |   |   |   |   |   |   |
| Sales of paper products          |   |                              | 19,375,862 |   |   |   | 1,460,651 |   |   |   | 98 | % |   |   | 54 | % |
| E-commerce solutions             |   |                              |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| - website design and development |   |                              | -          |   |   |   | 1,245,467 |   |   |   | - |   |   |   | 46 | % |
| Consultant service income        |   |                              | 359,482    |   |   |   | - |   |   |   | 2 | % |   |   | - |   |
|                             |   |                              | 19,735,344 |   |   |   | 2,706,118 |   |   |   | 100 | % |   |   | 100 | % |

|                  |   | Year Ended June 30 |       |
|-----------------------|--------|-----------------------------------|------------|
|                  |   | 2011                              |       |   | 2010 |   |   | 2011 |   |   | 2010 |   |
|                  |   | US$                               |       |   | US$ |   |   |   |   |   |   |   |
| British Virgin Island |   |                              | -          |   |   |   | 1,173,759 |   |   |   | - |   |   |   | 43 | % |
| People Republic China |   |                              | 19,735,344 |   |   |   | 1,532,359 |   |   |   | 100 | % |   |   | 57 | % |
|                  |   |                              | 19,735,344 |   |   |   | 2,706,118 |   |   |   | 100 | % |   |   | 100 | % |

----

| 18. | IMPAIRMENT OF INVESTMENT IN ASSOCIATED COMPANY |
|-----|------------------------------------------------|

|                       |   | 2011   |   |   | 2010   |   |
|----------------------------|--------|--------|--------|--------|--------|--------|
|                       |   | US$    |   |   | US$    |   |
| At July 1                  |   |   | 1      |   |   |   | 1 |   |
| Add: Foreign currency gain |   |   | -      |   |   |   | - |   |
| Less: Impairment loss      |   |   | -      |   |   |   | - |   |
|                       |   |   |   |   |   |   |   |   |
| At June 30                 |   |   | 1      |   |   |   | 1 |   |

----

| 19. | GOING CONCERN |
|-----|---------------|

| 20. | SUBSEQUENT EVENT |
|-----|------------------|

| Dr  Non-control interest |   | $ | 459,534 |   |
|------------------------------------|--------|---|---------|--------|
| Cr  Cash at banks        |   | $ | 459,534 |   |

|   | 1. | Total Current Assets and Total Assets will be reduced by $459,534 |
|--------|----|-------------------------------------------------------------------|

|   | 2. | Total Shareholders Equity and Total Liabilities – Shareholders’ Equity will be reduced by $459,534. |
|--------|----|-----------------------------------------------------------------------------------------------------------------|

|   | 3. | Total Current Assets and Total Assets will be reduced by $459,534 |
|--------|----|-------------------------------------------------------------------|

|   | 4. | Total Shareholders Equity and Total Liabilities – Shareholders’ Equity will be reduced by $459,534. |
|--------|----|-----------------------------------------------------------------------------------------------------------------|

----

| INTERMOST CORPORATION |
|-----------------------|
|                  |   |
| By:                   | /s/ China Hsun Wu |
|                  | Chia Hsun Wu |
|                  | Chief Executive Officer |
|                  |   |
| By:                   | /s/ Thomas Lee |
|                  | Thomas Lee |
|                  | Chief Financial Officer |

| Signature            |         | Title                                |         | Date: October 14 , 2011 |
|----------------------|--------------|--------------------------------------|--------------|-------------------------|
|                 |         |                                 |         |                    |
| /s/ Fred Peck        |         | Director                             |         |                    |
| Fred Peck            |         |                                 |         |                    |
|                 |         |                                 |         |                    |
| /s/ China Hsun Wu    |         | Director and Chief Executive Officer |         |                    |
| Chia Hsun Wu         |         |                                 |         |                    |
|                 |         |                                 |         |                    |
| /s/Hiroshi Shinohara |         | Director                             |         |                    |
| Hiroshi Shinohara    |         |                                 |         |                    |
|                 |         |                                 |         |                    |
| /s/ Wang Hsin-Wei    |         | Director                             |         |                    |
| Wang Hsin-Wei        |    |                                 |    |                    |

----