**UNITED      STATES SECURITIES AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

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**FORM      10 - KSB/A**

**(Amendment      No. 1)**

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| x | ANNUAL                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF                1934                **For                the Fiscal Year Ended June 30,                2006.** |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o | TRANSITION                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                ACT OF                1934 FOR THE TRANSITION PERIOD FROM _______ TO                _______. |
|---|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**COL      China Online International Inc.**

*(Exact      name of small business issuer as specified in its charter)*

**Delaware**

*(State      or other jurisdiction of incorporation)*

| **333-39208**                                   |   | **52-2224845**                                                       |
|-------------------------------------------------|--------|----------------------------------------------------------------------|
|  *(Commission                File Number)* |   | *(IRS                Employer Identification                Number)* |

**3176      South Peoria Court, Suite 100**

**Aurora,      Colorado 80014**
** **

*(Address      of principal executive offices including zip code)*

**(303)      695-8530 **

*(Small      Business Issuer telephone number, including area code)*

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**SIGNATURES**

|                                     |                                                                              |                                              |
|------------------------------------------|-----------------------------------------------------------------------------------|---------------------------------------------------|
|                                     | COL              CHINA ONLINE              INTERNATIONAL INC.                     |
|                                |                                                                         |                                         |
| Date: October              20, 2006 | By:                                                                     | /s/ Chi              Keung              Wong |
|                                     | Chi              Keung Wong,                                                      |
|                                     | Chief                Executive Officer and Chief                Financial Officer |

| Date                            |   |   | Signatures                                      |
|---------------------------------|--------|--------|-------------------------------------------------|
|                            |   |   |                                            |
|                            |   |   |                                            |
| October                20, 2006 |   |   | /s/ Kam              Che              Chan |
|                                 |   |   | Kam                Che Chan, Director           |
|                            |   |   |                                            |

|                              |   |   |                                    |
|-----------------------------------|--------|--------|-----------------------------------------|
|                              |   |   |                                    |
| October                  20, 2006 |   |   | /s/ Anthony                Ng      |
|                                   |   |   | Anthony                    Ng, Director |
|                              |   |   |                                    |

|                              |   |   |                                   |
|-----------------------------------|--------|--------|----------------------------------------|
|                              |   |   |                                   |
| October                  20, 2006 |   |   | /s/ Paul                Wong      |
|                                   |   |   | Paul                    Wong, Director |
|                              |   |   |                                   |

|                              |   |   |                                               |
|-----------------------------------|--------|--------|----------------------------------------------------|
|                              |   |   |                                               |
| October                  20, 2006 |   |   | /s/ Qi                Yu                Zhang |
|                                   |   |   | Qi                    Yu Zhang, Director           |
|                              |   |   |                                               |

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**REPORT      OF INDEPENDENT REGISTERED**

**PUBLIC      ACCOUNTING FIRM**

**COL      China Online International Inc.**

*Chartered      Accountants*

*Certified      Public Accountants*

*13      October 2006*

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| Number  | Description |
|--------------|-------------|

| 2.1 | Stock                Exchange Agreement between and among Migration Developments Limited,                the                Company and the shareholders of Migration Developments Limited dated                June                8, 2000 (1) |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.1 | Certificate                Of Incorporation filed with the Delaware Secretary Of State effective                as                of February 22, 2000 (1) |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2 | Certificate                of Amendment to the Certificate of Incorporation filed with the Delaware                Secretary of State effective as of April 3, 2000                (1) |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.3 | Amended                and Restated Bylaws (4) |
|-----|------------------------------------------------|

| 3.4 | Sino-Foreign                Joint Venture Contract (2) (1) |
|-----|------------------------------------------------------------|

| 3.5 | Articles                of Association of the Sino-Foreign Joint Venture                (1) |
|-----|---------------------------------------------------------------------------------------------|

| 4.1 | Specimen                Common Stock Certificate (1) |
|-----|------------------------------------------------------|

| 10.1 | Joint                Venture Business License (2) (1) |
|------|-------------------------------------------------------|

| 10.2 | Cooperation                Agreement Regarding China Online's Internet Connection Service Commercial                Business dated July 15, 1998 between Neihi Electronic Systems Co.,                Ltd.                (now known as the JV) and Rayes Group (2)                (1) |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.3 | Cooperation                Agreement Regarding China Online's Internet Content Service Commercial                Business dated July 15, 1998 between Neihi Electronic Systems Co.,                Ltd.                (now known as the JV) and Rayes Group (2)                (1) |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.4 | Cooperation                Agreement for Dissemination of Educational Resources between the                JV and                Wuhan City No.2 Secondary School to establish Education Net dated                January                7, 2000 (2) (1) |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.5 | Cooperation                Agreement for Transmission of Education Materials between the JV                and Wuhan                Cable TV to provide Education Net infrastructure dated March 10,                2000 (2)                (1) |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.6 | Purchase                Agreement between the JV, Shanghai Togji Construction Materials Technology                Sales Service Co., Ltd. and other parties specified thereby dated                October                22, 1999 (2) (1) |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.7 | 2000                Stock Option Plan* (1) |
|------|--------------------------------------------|

| 10.8 | Form                of Subscription Agreement (1) |
|------|---------------------------------------------------|

| 10.9 | Form                of Escrow Agreement between the Company and American Securities Transfer                and Trust, Inc. (1) |
|------|---------------------------------------------------------------------------------------------------------------------------------|

| 10.10 | Form                of Migration's Convertible Promissory Note                (3) |
|-------|-----------------------------------------------------------------------------------|

| 10.11 | Migration's                Loan Agreement dated October 10, 2000                (3) |
|-------|-------------------------------------------------------------------------------------|

| 10.12 | Sino-Foreign                Joint Venture Agreement dated July 7, 2000 between Migration and                Shanghai                Dongyi Scientific Technology Engineering Co.                (3) |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.13 | Share                Purchase Agreement dated July 17, 2000 between Shanghai Shangyi Science                and Trade Information Consulting Co., Ltd. and Shanghai Tongji                Construction Materials Sales and Services Co., Ltd.                (3) |
|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.14 | Lease                Agreement for Rental of Office Premises dated April 25, 2000                (3) |
|-------|------------------------------------------------------------------------------------------------------|

| 10.15 | COL                International's Loan Agreement dated December 21, 2000                (4) |
|-------|----------------------------------------------------------------------------------------------|

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| 21 | Subsidiaries                of the Registrant (5) |
|----|---------------------------------------------------|

| 31 | Rule                13a-14(a)/15a-14(a) Certifications of Chief Executive Officer and                Chief                Financial Officer |
|----|---------------------------------------------------------------------------------------------------------------------------------------------|

| 32 | Certification                of Chief Executive Officer and Chief Financial Officer Pursuant to                18                U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the                Sarbanes-Oxley Act of 2002 |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| * | Designates                a management contract or compensatory plan required to be filed as                an                Exhibit to this Report on Form                10-KSB |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (1) | Incorporated                by reference from the Company’s Form SB-2 Registration Statement dated                June 13, 2000 (File No. 333-39208) |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Translated                into English from Chinese |
|-----|-----------------------------------------------------|

| (3) | Incorporated                by reference from the Company’s Amendment No. 2 to Form SB-2 Registration                Statement dated October 19, 2000 (File No. 333-39208) |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Incorporated                by reference from the Company’s Amendment No. 3 to Form SB-2 Registration                Statement dated January 17, 2001 (File No. 333-39208) |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | Incorporated                by reference from the Company’s Form 10-KSB dated November 15, 2001 for                the year ended June 30, 2001 (File No.                333-39208) |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|