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| Nevada                                                        |   |   | 98-0568076                        |
|---------------------------------------------------------------|--------|--------|-----------------------------------|
| (State or other jurisdiction ofincorporation or organization) |   |   | (IRS Employer Identification No.) |
|                                                          |   |   |                              |
| 13520 Oriental St.Rockville, MD                               |   |   | 20853                             |
| (Address of principal executive offices)                      |   |   | (Zip Code)                        |

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| PART I – FINANCIAL INFORMATION | 3                                                                                                                                                             |
|-------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                      |                                                                                                                                                          |   |
| Item 1.                                   | Financial Statements                                                                                                                                          | 3 |
|                                      | Balance Sheets as of December 31, 2010 (unaudited) and September 30, 2010                                                                                     | 3 |
|                                      | Statements of Operations for the Three Months Ended December 31, 2010 and 2009 and for the Period March 26, 2007 (Inception) to December 31, 2010 (unaudited) | 4 |
|                                      | Statement of Stockholders’ Deficit for the Period March 26, 2007 (Inception) to December 31, 2010 (unaudited)                                           | 5 |
|                                      | Statements of Cash Flows for the Three Months Ended December 31, 2010 and 2009 and for the Period March 26, 2007 (Inception) to December 31, 2010 (unaudited) | 6 |
|                                      | Notes to Financial Statements (unaudited)                                                                                                                     | 7 |
| Item 2.                                   | Management’s Discussion and Analysis of Financial Condition and Results of Operations                                                                   | 17 |
| Item 3                                    | Quantitative and Qualitative Disclosures About Market Risk                                                                                                    | 19 |
| Item 4.                                   | Controls and Procedures                                                                                                                                       | 19 |
|                                      |                                                                                                                                                          |   |
| PART II – OTHER INFORMATION    | 20                                                                                                                                                            |
|                                      |                                                                                                                                                          |   |
| Item 1.                                   | Legal Proceedings                                                                                                                                             | 20 |
| Item 1.A.                                 | Risk Factors                                                                                                                                                  | 20 |
| Item 2.                                   | Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                   | 20 |
| Item 3.                                   | Defaults Upon Senior Securities                                                                                                                               | 20 |
| Item 4.                                   | (Removed & Reserved)                                                                                                                                      | 20 |
| Item 5.                                   | Other Information                                                                                                                                             | 20 |
| Item 6.                                   | Exhibits                                                                                                                                                      | 21 |
|                                      |                                                                                                                                                          |   |
| SIGNATURE                                 |                                                                                                                                                          | 22 |

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|                                                                                                  |   | December 31,2010 |     |   | September 30,2010 |   |
|-------------------------------------------------------------------------------------------------------|--------|------------------|----------|--------|-------------------|--------|
|                                                                                                  |   | (unaudited)      |     |   | Restated          |   |
|                                                                                                  |   |             |     |   |              |   |
| ASSETS                                                                                                |   |             |     |   |              |   |
|                                                                                                  |   |             |     |   |              |   |
| Current assets:                                                                                       |   |             |     |   |              |   |
| Cash and cash equivalents                                                                             |   | $                | -        |   |              | $      | - |   |
|                                                                                                  |   |             |     |   |              |   |   |   |
| Total assets                                                                                          |   | $                | -        |   |              | $      | - |   |
|                                                                                                  |   |             |     |   |              |   |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                 |   |             |     |   |              |   |   |   |
|                                                                                                  |   |             |     |   |              |   |   |   |
| Current liabilities:                                                                                  |   |             |     |   |              |   |   |   |
| Accounts payable                                                                                      |   | $                | 2,920    |   |              | $      | - |   |
| Accrued expenses                                                                                      |   |             | 2,000    |   |              |   | 2,500 |   |
| Amount due to shareholder                                                                             |   |             | 28,603   |   |              |   | 19,103 |   |
| Amount due to director                                                                                |   |             | 180      |   |              |   | 180 |   |
| Total liabilities                                                                                     |   |             | 33,703   |   |              |   | 21,783 |   |
|                                                                                                  |   |             |     |   |              |   |   |   |
| Stockholders' deficit:                                                                                |   |             |     |   |              |   |   |   |
| Common stock, $.001 par value, 75,000,000 shares authorized, 15,228,000 shares issued and outstanding |   |             | 15,228   |   |              |   | 15,228 |   |
| Additional paid-in capital                                                                            |   |             | 69,332   |   |              |   | 69,332 |   |
| Deficit accumulated during the development stage                                                      |   |             | (118,263 | )      |              |   | (106,343 | ) |
| Total stockholders' deficit                                                                           |   |             | (33,703  | )      |              |   | (21,783 | ) |
|                                                                                                  |   |             |     |   |              |   |   |   |
| Total liabilities and stockholders' deficit                                                           |   | $                | -        |   |              | $      | - |   |

----

|                                                        |   | For the Three Months Ended |       |   | For the PeriodMarch 26, 2007(Inception) to |   |
|-------------------------------------------------------------|--------|----------------------------|------------|--------|--------------------------------------------|--------|
|                                                        |   | December 31,               |       |   | December 31,                               |   |   | December 31, |   |
|                                                        |   | 2010                       |       |   | 2009                                       |   |   | 2010 |   |
|                                                        |   |                       |       |   |                                       |   |   |   |   |
| Net revenue                                                 |   | $                          | -          |   |                                       | $      | 550 |   |   | $ | 31,912 |   |
|                                                        |   |                       |       |   |                                       |   |   |   |   |   |   |   |
| Cost of revenue                                             |   |                       | -          |   |                                       |   | 320 |   |   |   | 15,731 |   |
|                                                        |   |                       |       |   |                                       |   |   |   |   |   |   |   |
| Gross profit                                                |   |                       | -          |   |                                       |   | 230 |   |   |   | 16,181 |   |
|                                                        |   |                       |       |   |                                       |   |   |   |   |   |   |   |
| General and administrative expenses                         |   |                       | 11,920     |   |                                       |   | 55,318 |   |   |   | 277,121 |   |
|                                                        |   |                       |       |   |                                       |   |   |   |   |   |   |   |
| Loss from operations                                        |   |                       | (11,920    | )      |                                       |   | (55,088 | ) |   |   | (260,940 | ) |
|                                                        |   |                       |       |   |                                       |   |   |   |   |   |   |   |
| Other income (expense):                                     |   |                       |       |   |                                       |   |   |   |   |   |   |   |
| Gain on disposal of subsidiaries                            |   |                       | -          |   |                                       |   | - |   |   |   | 118,193 |   |
| Exchange gain                                               |   |                       | -          |   |                                       |   | - |   |   |   | 1,028 |   |
| Interest income                                             |   |                       | -          |   |                                       |   | 141 |   |   |   | 293 |   |
| Other income                                                |   |                       | -          |   |                                       |   | - |   |   |   | 903 |   |
| Interest expense                                            |   |                       | -          |   |                                       |   | (726 | ) |   |   | (2,170 | ) |
| Total other income (expense)                                |   |                       | -          |   |                                       |   | (585 | ) |   |   | 118,247 |   |
|                                                        |   |                       |       |   |                                       |   |   |   |   |   |   |   |
| Loss before income taxes                                    |   |                       | (11,920    | )      |                                       |   | (55,673 | ) |   |   | (142,693 | ) |
| Provision for income taxes                                  |   |                       | -          |   |                                       |   | - |   |   |   | - |   |
|                                                        |   |                       |       |   |                                       |   |   |   |   |   |   |   |
| Net loss                                                    |   |                       | (11,920    | )      |                                       |   | (55,673 | ) |   |   | (142,693 | ) |
|                                                        |   |                       |       |   |                                       |   |   |   |   |   |   |   |
| Net loss attributable to noncontrolling interest            |   |                       | -          |   |                                       |   | 9,717 |   |   |   | 24,430 |   |
|                                                        |   |                       |       |   |                                       |   |   |   |   |   |   |   |
| Net loss attributable to China Digital Ventures Corporation |   | $                          | (11,920    | )      |                                       | $      | (45,956 | ) |   | $ | (118,263 | ) |
|                                                        |   |                       |       |   |                                       |   |   |   |   |   |   |   |
|                                                        |   |                       |       |   |                                       |   |   |   |   |   |   |   |
| Net loss per share - basic and diluted                      |   | $                          | (0.00      | )      |                                       | $      | (0.00 | ) |   |   |   |   |
|                                                        |   |                       |       |   |                                       |   |   |   |   |   |   |   |
| Weighted average number of shares outstanding -             |   |                       |       |   |                                       |   |   |   |   |   |   |   |
| Basic and Diluted                                           |   |                       | 15,228,000 |   |                                       |   | 15,228,000 |   |   |   |   |   |
|                                                        |   |                       |       |   |                                       |   |   |   |   |   |   |   |
|                                                        |   |                       |       |   |                                       |   |   |   |   |   |   |   |
| Net loss attributable to China Digital Ventures Corporation |   | $                          | (11,920    | )      |                                       | $      | (45,956 | ) |   | $ | (118,263 | ) |
|                                                        |   |                       |       |   |                                       |   |   |   |   |   |   |   |
| Foreign currency translation gain (loss)                    |   |                       | -          |   |                                       |   | (553 | ) |   |   | - |   |
|                                                        |   |                       |       |   |                                       |   |   |   |   |   |   |   |
| Comprehensive loss                                          |   | $                          | (11,920    | )      |                                       | $      | (46,509 | ) |   | $ | (118,263 | ) |

----

|                                                                     |   | Common stock |       |   | Additionalpaid-in |   |   | Deficitaccumulatedduring thedevelopment |   |   | Accumulatedothercomprehensive |   |   | Noncontrolling |     |   | TotalStockholders' |   |
|--------------------------------------------------------------------------|--------|--------------|------------|--------|-------------------|--------|--------|-----------------------------------------|--------|--------|-------------------------------|--------|--------|----------------|----------|--------|--------------------|--------|
|                                                                     |   | Shares       |       |   | Amount            |   |   | capital                                 |   |   | stage                         |   |   | income (loss)  |     |   | interest           |   |   | deficit |   |
|                                                                     |   |         |       |   |              |   |   |                                    |   |   |                          |   |   |           |     |   |               |   |   |   |   |
| Common stock issued to founders for cash at $.001 per share              |   |         | 10,000,000 |   |              | $      | 10,000 |                                    |   | $      | -                             |   |   | $              | -        |   |               | $      | - |   |   | $ | - |   |   | $ | 10,000 |   |
|                                                                     |   |         |       |   |              |   |   |                                    |   |   |                          |   |   |           |     |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for cash at $0.01 per share                          |   |         | 3,000,000  |   |              |   | 3,000  |                                    |   |   | 27,000                        |   |   |           | -        |   |               |   | - |   |   |   | - |   |   |   | 30,000 |   |
|                                                                     |   |         |       |   |              |   |   |                                    |   |   |                          |   |   |           |     |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the period March 26, 2007 (inception) to September 30, 2007 |   |         | -          |   |              |   | -      |                                    |   |   | -                             |   |   |           | (38,799  | )      |               |   | - |   |   |   | - |   |   |   | (38,799 | ) |
|                                                                     |   |         |       |   |              |   |   |                                    |   |   |                          |   |   |           |     |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Balance, September 30, 2007                                              |   |         | 13,000,000 |   |              |   | 13,000 |                                    |   |   | 27,000                        |   |   |           | (38,799  | )      |               |   | - |   |   |   | - |   |   |   | 1,201 |   |
|                                                                     |   |         |       |   |              |   |   |                                    |   |   |                          |   |   |           |     |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for cash at $0.02 per share                          |   |         | 208,000    |   |              |   | 208    |                                    |   |   | 3,952                         |   |   |           | -        |   |               |   | - |   |   |   | - |   |   |   | 4,160 |   |
|                                                                     |   |         |       |   |              |   |   |                                    |   |   |                          |   |   |           |     |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for services at $0.02 per share                      |   |         | 20,000     |   |              |   | 20     |                                    |   |   | 380                           |   |   |           | -        |   |               |   | - |   |   |   | - |   |   |   | 400 |   |
|                                                                     |   |         |       |   |              |   |   |                                    |   |   |                          |   |   |           |     |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the year ended September 30, 2008                           |   |         | -          |   |              |   | -      |                                    |   |   | -                             |   |   |           | (49,952  | )      |               |   | - |   |   |   | - |   |   |   | (49,952 | ) |
|                                                                     |   |         |       |   |              |   |   |                                    |   |   |                          |   |   |           |     |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Balance, September 30, 2008                                              |   |         | 13,228,000 |   |              |   | 13,228 |                                    |   |   | 31,332                        |   |   |           | (88,751  | )      |               |   | - |   |   |   | - |   |   |   | (44,191 | ) |
|                                                                     |   |         |       |   |              |   |   |                                    |   |   |                          |   |   |           |     |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Shares issued for acquisition of subsidiary                              |   |         | 2,000,000  |   |              |   | 2,000  |                                    |   |   | 38,000                        |   |   |           | -        |   |               |   | - |   |   |   | - |   |   |   | 40,000 |   |
|                                                                     |   |         |       |   |              |   |   |                                    |   |   |                          |   |   |           |     |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Foreign currency translation adjustment                                  |   |         | -          |   |              |   | -      |                                    |   |   | -                             |   |   |           | -        |   |               |   | (920 | ) |   |   | - |   |   |   | (920 | ) |
|                                                                     |   |         |       |   |              |   |   |                                    |   |   |                          |   |   |           |     |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the year ended September 30, 2009                           |   |         | -          |   |              |   | -      |                                    |   |   | -                             |   |   |           | (63,258  | )      |               |   | - |   |   |   | (2,091 | ) |   |   | (65,349 | ) |
|                                                                     |   |         |       |   |              |   |   |                                    |   |   |                          |   |   |           |     |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Balance, September 30, 2009                                              |   |         | 15,228,000 |   |              |   | 15,228 |                                    |   |   | 69,332                        |   |   |           | (152,009 | )      |               |   | (920 | ) |   |   | (2,091 | ) |   |   | (70,460 | ) |
|                                                                     |   |         |       |   |              |   |   |                                    |   |   |                          |   |   |           |     |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Foreign currency translation adjustment                                  |   |         | -          |   |              |   | -      |                                    |   |   | -                             |   |   |           | -        |   |               |   | 920 |   |   |   | - |   |   |   | 920 |   |
|                                                                     |   |         |       |   |              |   |   |                                    |   |   |                          |   |   |           |     |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Disposal of subsidiary                                                   |   |         | -          |   |              |   | -      |                                    |   |   | -                             |   |   |           | -        |   |               |   | - |   |   |   | 16,546 |   |   |   | 16,546 |   |
|                                                                     |   |         |       |   |              |   |   |                                    |   |   |                          |   |   |           |     |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Net income for year ended September 30, 2010                             |   |         | -          |   |              |   | -      |                                    |   |   | -                             |   |   |           | 45,666   |   |               |   | - |   |   |   | (14,455 | ) |   |   | 31,211 |   |
|                                                                     |   |         |       |   |              |   |   |                                    |   |   |                          |   |   |           |     |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Balance, September 30, 2010                                              |   |         | 15,228,000 |   |              |   | 15,228 |                                    |   |   | 69,332                        |   |   |           | (106,343 | )      |               |   | - |   |   |   | - |   |   |   | (21,783 | ) |
|                                                                     |   |         |       |   |              |   |   |                                    |   |   |                          |   |   |           |     |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the three months ended December 31, 2010 (unaudited)        |   |         | -          |   |              |   | -      |                                    |   |   | -                             |   |   |           | (11,920  | )      |               |   | - |   |   |   | - |   |   |   | (11,920 | ) |
|                                                                     |   |         |       |   |              |   |   |                                    |   |   |                          |   |   |           |     |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2010 (unaudited)                                   |   |         | 15,228,000 |   |              | $      | 15,228 |                                    |   | $      | 69,332                        |   |   | $              | (118,263 | )      |               | $      | - |   |   | $ | - |   |   | $ | (33,703 | ) |

----

|                                                              |   | For the Three Months Ended |    |   | For the PeriodMarch 26, 2007(Inception) to |   |
|-------------------------------------------------------------------|--------|----------------------------|---------|--------|--------------------------------------------|--------|
|                                                              |   | December 31,2010           |    |   | December 31,2009                           |   |   | December 31,2010 |   |
| Cash flows from operating activities:                             |   |                       |    |   |                                       |   |   |   |   |
| Net loss                                                          |   | $                          | (11,920 | )      |                                       | $      | (45,956 | ) |   | $ | (118,263 | ) |
| Adjustments to reconcile net loss to net cash used in operations: |   |                       |    |   |                                       |   |   |   |   |   |   |   |
| Depreciation                                                      |   |                       | -       |   |                                       |   | 1,269 |   |   |   | 2,914 |   |
| Noncontrolling interest                                           |   |                       | -       |   |                                       |   | (9,717 | ) |   |   | (24,430 | ) |
| Gain on disposal of subsidiaries                                  |   |                       | -       |   |                                       |   | - |   |   |   | (118,193 | ) |
| Common stock issued for services                                  |   |                       | -       |   |                                       |   | - |   |   |   | 400 |   |
| Changes in operating assets and liabilities:                      |   |                       |    |   |                                       |   |   |   |   |   |   |   |
| Accounts receivable                                               |   |                       | -       |   |                                       |   | (288 | ) |   |   | (859 | ) |
| Other receivable                                                  |   |                       | -       |   |                                       |   | 2,048 |   |   |   | 1,812 |   |
| Loan receivable                                                   |   |                       | -       |   |                                       |   | 14,049 |   |   |   | 12,822 |   |
| Due from related party                                            |   |                       | -       |   |                                       |   | - |   |   |   | (19,443 | ) |
| Deposit                                                           |   |                       | -       |   |                                       |   | 11 |   |   |   | (5,871 | ) |
| Inventory                                                         |   |                       | -       |   |                                       |   | (592 | ) |   |   | (1,897 | ) |
| Accounts payable                                                  |   |                       | 2,920   |   |                                       |   | 28,967 |   |   |   | 85,661 |   |
| Accrued expenses                                                  |   |                       | 1,500   |   |                                       |   | 1,480 |   |   |   | 3,960 |   |
| Net cash used in operating activities                             |   |                       | (7,500  | )      |                                       |   | (8,729 | ) |   |   | (181,387 | ) |
|                                                              |   |                       |    |   |                                       |   |   |   |   |   |   |   |
| Cash flows from investing activities:                             |   |                       |    |   |                                       |   |   |   |   |   |   |   |
| Acquisition of subsidiary, net of cash                            |   |                       | -       |   |                                       |   | - |   |   |   | 75,650 |   |
| Disposal of subsidiary, net of cash                               |   |                       | -       |   |                                       |   | - |   |   |   | 39,742 |   |
| Capital expenditures                                              |   |                       | -       |   |                                       |   | (2,236 | ) |   |   | (12,511 | ) |
| Net cash provided by (used in) investing activities               |   |                       | -       |   |                                       |   | (2,236 | ) |   |   | 102,881 |   |
|                                                              |   |                       |    |   |                                       |   |   |   |   |   |   |   |
| Cash flows from financing activities:                             |   |                       |    |   |                                       |   |   |   |   |   |   |   |
| Proceeds from loan payable                                        |   |                       | -       |   |                                       |   | 1,454 |   |   |   | 6,793 |   |
| Amounts due shareholder                                           |   |                       | 7,500   |   |                                       |   | - |   |   |   | 26,603 |   |
| Amounts due directors                                             |   |                       | -       |   |                                       |   | (2,467 | ) |   |   | 4,860 |   |
| Proceeds from sale of common stock                                |   |                       | -       |   |                                       |   | - |   |   |   | 44,160 |   |
| Net cash provided by (used in) financing activities               |   |                       | 7,500   |   |                                       |   | (1,013 | ) |   |   | 82,416 |   |
|                                                              |   |                       |    |   |                                       |   |   |   |   |   |   |   |
| Effect of exchange rate fluctuations on cash                      |   |                       | -       |   |                                       |   | (553 | ) |   |   | (3,910 | ) |
|                                                              |   |                       |    |   |                                       |   |   |   |   |   |   |   |
| Net increase (decrease) in cash                                   |   |                       | -       |   |                                       |   | (12,531 | ) |   |   | - |   |
|                                                              |   |                       |    |   |                                       |   |   |   |   |   |   |   |
| Cash and cash equivalents at beginning of period                  |   |                       | -       |   |                                       |   | 36,227 |   |   |   | - |   |
|                                                              |   |                       |    |   |                                       |   |   |   |   |   |   |   |
| Cash and cash equivalents at end of period                        |   | $                          | -       |   |                                       | $      | 23,696 |   |   | $ | - |   |
|                                                              |   |                       |    |   |                                       |   |   |   |   |   |   |   |
| Supplemental disclosure of cash flow information:                 |   |                       |    |   |                                       |   |   |   |   |   |   |   |
|                                                              |   |                       |    |   |                                       |   |   |   |   |   |   |   |
| Cash paid for interest                                            |   | $                          | -       |   |                                       | $      | 726 |   |   | $ | 2,170 |   |
|                                                              |   |                       |    |   |                                       |   |   |   |   |   |   |   |
| Cash paid for taxes                                               |   | $                          | -       |   |                                       | $      | - |   |   | $ | - |   |
|                                                              |   |                       |    |   |                                       |   |   |   |   |   |   |   |
| Supplemental disclosure of non-cash financing activities:         |   |                       |    |   |                                       |   |   |   |   |   |   |   |
|                                                              |   |                       |    |   |                                       |   |   |   |   |   |   |   |
| Accrued expenses paid by shareholder                              |   | $                          | 2,000   |   |                                       | $      | - |   |   | $ | 2,000 |   |

----

| Consolidated Balance Sheet                       |   |                  |     |   |        |   |   |       |   |
|--------------------------------------------------|--------|-----------------------|----------|--------|-------------|--------|--------|------------|--------|
|                                             |   |                  |     |   |        |   |
|                                             |   | September 30, 2010    |     |
|                                             |   | As previouslyreported |     |   | Adjustments |   |   | Asrestated |   |
| ASSETS                                           |   |                  |     |   |        |   |   |       |   |
| Current assets:                                  |   |                  |     |   |        |   |   |       |   |
| Cash and cash equivalents                        |   | $                     | -        |   |        | $      | -      |       |   | $ | - |   |
|                                             |   |                  |     |   |        |   |   |       |   |   |   |   |
| Total assets                                     |   | $                     | -        |   |        | $      | -      |       |   | $ | - |   |
|                                             |   |                  |     |   |        |   |   |       |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT            |   |                  |     |   |        |   |   |       |   |   |   |   |
|                                             |   |                  |     |   |        |   |   |       |   |   |   |   |
| Current liabilities:                             |   |                  |     |   |        |   |   |       |   |   |   |   |
| Accounts payable                                 |   | $                     | -        |   |        | $      | -      |       |   | $ | - |   |
| Accrued expenses                                 |   |                  | -        |   |        |   | 2,500  |       |   |   | 2,500 |   |
| Amount due to shareholder                        |   |                  | 19,103   |   |        |   | -      |       |   |   | 19,103 |   |
| Amount due to director                           |   |                  | -        |   |        |   | 180    |       |   |   | 180 |   |
| Total liabilities                                |   |                  | 19,103   |   |        |   | 2,680  |       |   |   | 21,783 |   |
|                                             |   |                  |     |   |        |   |   |       |   |   |   |   |
| Stockholders' deficit:                           |   |                  |     |   |        |   |   |       |   |   |   |   |
| Common stock                                     |   |                  | 15,228   |   |        |   | -      |       |   |   | 15,228 |   |
| Additional paid-in capital                       |   |                  | 69,332   |   |        |   | -      |       |   |   | 69,332 |   |
| Deficit accumulated during the development stage |   |                  | (103,663 | )      |        |   | (2,680 | )          |   |   | (106,343 | ) |
| Total stockholders' deficit                      |   |                  | (19,103  | )      |        |   | (2,680 | )          |   |   | (21,783 | ) |
|                                             |   |                  |     |   |        |   |   |       |   |   |   |   |
| Total liabilities and stockholders' deficit      |   | $                     | -        |   |        | $      | -      |       |   | $ | - |   |

----

| Consolidated Statement of Operations                                 |   |                                  |    |   |        |   |   |       |   |
|----------------------------------------------------------------------|--------|---------------------------------------|---------|--------|-------------|--------|--------|------------|--------|
|                                                                 |   |                                  |    |   |        |   |   |       |   |
|                                                                 |   | For the Year Ended September 30, 2010 |    |
|                                                                 |   | As previouslyreported                 |    |   | Adjustments |   |   | Asrestated |   |
|                                                                 |   |                                  |    |   |        |   |   |       |   |
| Net revenue                                                          |   | $                                     | 1,127   |   |        | $      | -      |       |   | $ | 1,127 |   |
|                                                                 |   |                                  |    |   |        |   |   |       |   |   |   |   |
| Cost of revenue                                                      |   |                                  | 320     |   |        |   | -      |       |   |   | 320 |   |
|                                                                 |   |                                  |    |   |        |   |   |       |   |   |   |   |
| Gross profit                                                         |   |                                  | 807     |   |        |   | -      |       |   |   | 807 |   |
|                                                                 |   |                                  |    |   |        |   |   |       |   |   |   |   |
| General and administrative expenses                                  |   |                                  | 87,139  |   |        |   | 500    |       |   |   | 87,639 |   |
|                                                                 |   |                                  |    |   |        |   |   |       |   |   |   |   |
| Loss from operations                                                 |   |                                  | (86,332 | )      |        |   | (500   | )          |   |   | (86,832 | ) |
|                                                                 |   |                                  |    |   |        |   |   |       |   |   |   |   |
| Other income (expense):                                              |   |                                  |    |   |        |   |   |       |   |   |   |   |
| Gain on disposal of subsidiaries                                     |   |                                  | 118,193 |   |        |   | -      |       |   |   | 118,193 |   |
| Exchange gain                                                        |   |                                  | 1,028   |   |        |   | -      |       |   |   | 1,028 |   |
| Interest income                                                      |   |                                  | 141     |   |        |   | -      |       |   |   | 141 |   |
| Other income                                                         |   |                                  | -       |   |        |   | -      |       |   |   | - |   |
| Interest expense                                                     |   |                                  | (1,319  | )      |        |   | -      |       |   |   | (1,319 | ) |
| Total other income (expense)                                         |   |                                  | 118,043 |   |        |   | -      |       |   |   | 118,043 |   |
|                                                                 |   |                                  |    |   |        |   |   |       |   |   |   |   |
| Net income (loss)                                                    |   |                                  | 31,711  |   |        |   | (500   | )          |   |   | 31,211 |   |
|                                                                 |   |                                  |    |   |        |   |   |       |   |   |   |   |
| Net loss attributable to noncontrolling interest                     |   |                                  | 14,455  |   |        |   | -      |       |   |   | 14,455 |   |
|                                                                 |   |                                  |    |   |        |   |   |       |   |   |   |   |
| Net income (loss) attributable to China Digital Ventures Corporation |   | $                                     | 46,166  |   |        | $      | (500   | )          |   | $ | 45,666 |   |

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| Consolidated Statement of Cash Flows                              |   |                                  |     |   |        |   |   |       |   |
|-------------------------------------------------------------------|--------|---------------------------------------|----------|--------|-------------|--------|--------|------------|--------|
|                                                              |   |                                  |     |   |        |   |   |       |   |
|                                                              |   | For the Year Ended September 30, 2010 |     |
|                                                              |   | As previouslyreported                 |     |   | Adjustments |   |   | Asrestated |   |
|                                                              |   |                                  |     |   |        |   |   |       |   |
| Cash flows used in operating activities:                          |   |                                  |     |   |        |   |   |       |   |
| Net loss                                                          |   | $                                     | 46,166   |   |        | $      | (500   | )          |   | $ | 45,666 |   |
| Adjustments to reconcile net loss to net cash used in operations: |   |                                  |     |   |        |   |   |       |   |   |   |   |
| Depreciation                                                      |   |                                  | 2,115    |   |        |   | -      |       |   |   | 2,115 |   |
| Noncontrolling interest                                           |   |                                  | (14,455  | )      |        |   | -      |       |   |   | (14,455 | ) |
| Gain on disposal of subsidiaries                                  |   |                                  | (118,193 | )      |        |   | -      |       |   |   | (118,193 | ) |
| Changes in operating assets and liabilities:                      |   |                                  |     |   |        |   |   |       |   |   |   |   |
| Accounts receivable                                               |   |                                  | (705     | )      |        |   | -      |       |   |   | (705 | ) |
| Other receivable                                                  |   |                                  | 1,328    |   |        |   | -      |       |   |   | 1,328 |   |
| Loan receivable                                                   |   |                                  | 14,049   |   |        |   | -      |       |   |   | 14,049 |   |
| Due from related party                                            |   |                                  | (12,339  | )      |        |   | -      |       |   |   | (12,339 | ) |
| Deposit                                                           |   |                                  | (5,784   | )      |        |   | -      |       |   |   | (5,784 | ) |
| Inventory                                                         |   |                                  | (658     | )      |        |   | -      |       |   |   | (658 | ) |
| Other payables                                                    |   |                                  | 50,254   |   |        |   | -      |       |   |   | 50,254 |   |
| Loan payable                                                      |   |                                  | 3,300    |   |        |   | -      |       |   |   | 3,300 |   |
| Accrued expenses                                                  |   |                                  | (37,729  | )      |        |   | 500    |       |   |   | (37,229 | ) |
| Amount due to directors                                           |   |                                  | 1,908    |   |        |   | -      |       |   |   | 1,908 |   |
| Net cash used in operating activities                             |   |                                  | (70,743  | )      |        |   | -      |       |   |   | (70,743 | ) |
|                                                              |   |                                  |     |   |        |   |   |       |   |   |   |   |
| Cash flows from investing activities:                             |   |                                  |     |   |        |   |   |       |   |   |   |   |
| Acquisition of subsidiary, net of cash                            |   |                                  | -        |   |        |   | -      |       |   |   | - |   |
| Disposal of subsidiary, net of cash                               |   |                                  | 39,742   |   |        |   | -      |       |   |   | 39,742 |   |
| Capital expenditures                                              |   |                                  | (2,236   | )      |        |   | -      |       |   |   | (2,236 | ) |
| Net cash from investing activities                                |   |                                  | 37,506   |   |        |   | -      |       |   |   | 37,506 |   |
|                                                              |   |                                  |     |   |        |   |   |       |   |   |   |   |
| Cash flows from financing activities:                             |   |                                  |     |   |        |   |   |       |   |   |   |   |
| Proceeds from sale of common stock                                |   |                                  | -        |   |        |   | -      |       |   |   | - |   |
| Net cash from financing activities                                |   |                                  | -        |   |        |   | -      |       |   |   | - |   |
|                                                              |   |                                  |     |   |        |   |   |       |   |   |   |   |
| Effect of exchange rate fluctuations on cash                      |   |                                  | (2,990   | )      |        |   | -      |       |   |   | (2,990 | ) |
|                                                              |   |                                  |     |   |        |   |   |       |   |   |   |   |
| Net increase (decrease) in cash                                   |   |                                  | (36,227  | )      |        |   | -      |       |   |   | (36,227 | ) |
|                                                              |   |                                  |     |   |        |   |   |       |   |   |   |   |
| Cash and cash equivalents at beginning of period                  |   |                                  | 36,227   |   |        |   | -      |       |   |   | 36,227 |   |
|                                                              |   |                                  |     |   |        |   |   |       |   |   |   |   |
| Cash and cash equivalents at end of period                        |   | $                                     | -        |   |        | $      | -      |       |   | $ | - |   |

----

|                                                                                                     |                                                              |                             |                   |                   |           | Percentage     |
|----------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------|----------------------------------|------------------------|------------------------|----------------|----------------|
|                                                                                                     | Company Name                                                      |                             |                   | Place of Incorporation |           | Ownership      |
|                                                                                                     | Lead Concept Limited  *                                 |                             | Hong Kong              |                   | 100%           |  Direct   |
|                                                                                                     | China Integrated Media Corporation Limited  **          | Australia                        |                   | 76.8%                  |  Direct   |
|                                                                                                     | China Television Corporation **                                   |                             | British Virgin Islands |                   | 76.8%          |  Indirect |
|                                                                                                     | CIMC Marketing Pty Limited **                                     |                             | Australia              |                   | 76.8%          |  Indirect |
|                                                                                                     | Guangzhou HwaHe Culture & Media Company Limited  ** | China, Peoples Republic of China |                   | 76.8%                  |  Indirect |
|                                                                                                     |                                                              |                             |                   |                   |           |           |   |
|  *    Disposed of on June 20, 2010                                              |                                                              |                             |                   |                   |           |           |
|  **  Acquired and consolidated on July 6, 2009.  Disposed of on April 30, 2010. |                                                              |                             |                   |

----

----

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|                                                 |   | For the Three Months EndedDecember 31, |   |
|------------------------------------------------------|--------|----------------------------------------|--------|
|                                                 |   | 2010                                   |   |   | 2009 |   |
|                                                 |   |                                   |   |   |   |   |
| United States statutory corporate income tax rate    |   |                                   | 34.0%  |   |   |   | 34.0% |   |
| Change in valuation allowance on deferred tax assets |   |                                   | -34.0% |   |   |   | -34.0% |   |
|                                                 |   |                                   |   |   |   |   |   |   |
| Provision for income tax                             |   |                                   | -%     |   |   |   | -% |   |

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|                              |   | December 31,2010 |   |   | September 30,2010 |   |
|-----------------------------------|--------|------------------|--------|--------|-------------------|--------|
| Deferred income tax assets:       |   |             |   |   |              |   |
|                              |   |             |   |   |              |   |
| Net operating loss carry forwards |   | $                | 4,960  |   |              | $      | 910 |   |
| Valuation allowance               |   |             | (4,960 | )      |              |   | (910 | ) |
|                              |   |             |   |   |              |   |   |   |
| Net deferred income tax assets    |   | $                | -      |   |              | $      | - |   |

----

|                                              |   | Disposal of ChinaIntegrated Media Corporation Ltdat April 30, 2010 |     |   | Disposal ofLeadConcept Ltdat June 20, 2010 |   |    | Total forYear EndedSeptember 30, 2010 |   |
|---------------------------------------------------|--------|--------------------------------------------------------------------|----------|--------|--------------------------------------------|--------|---------|---------------------------------------|--------|
| Net assets disposed of:                           |   |                                                               |     |   |                                       |   |    |                                  |   |
| Cash                                              |   | $                                                                  | 10,086   |   |                                       | $      | 172     |                                  |   | $ | 10,258 |   |
| Accounts and other receivables                    |   |                                                               | 1,556    |   |                                       |   | 859     |                                  |   |   | 2,415 |   |
| Due from related parties                          |   |                                                               | 19,257   |   |                                       |   | 7,770   |                                  |   |   | 27,027 |   |
| Deposits                                          |   |                                                               | 130,585  |   |                                       |   | -       |                                  |   |   | 130,585 |   |
| Inventory                                         |   |                                                               | 1,964    |   |                                       |   | 279     |                                  |   |   | 2,243 |   |
| Property and equipment                            |   |                                                               | 12,081   |   |                                       |   | -       |                                  |   |   | 12,081 |   |
| Goodwill                                          |   |                                                               | 13,902   |   |                                       |   | -       |                                  |   |   | 13,902 |   |
| Other payables and accrued expenses               |   |                                                               | (195,687 | )      |                                       |   | (34,652 | )                                     |   |   | (230,339 | ) |
| Loan payable                                      |   |                                                               | (40,114  | )      |                                       |   | -       |                                  |   |   | (40,114 | ) |
| Due to related parties                            |   |                                                               | (16,033  | )      |                                       |   | (674    | )                                     |   |   | (16,707 | ) |
| Noncontrolling interest                           |   |                                                               | 16,546   |   |                                       |   | -       |                                  |   |   | 16,546 |   |
| Foreign currency translation adjustment           |   |                                                               | 2,882    |   |                                       |   | 1,028   |                                  |   |   | 3,910 |   |
|                                              |   |                                                               |     |   |                                       |   |    |                                  |   |   |   |   |
| Net liabilities disposed                          |   |                                                               | (42,975  | )      |                                       |   | (25,218 | )                                     |   |   | (68,193 | ) |
| Consideration - cash                              |   |                                                               | 50,000   |   |                                       |   | -       |                                  |   |   | 50,000 |   |
|                                              |   |                                                               |     |   |                                       |   |    |                                  |   |   |   |   |
| Gain on disposal of subsidiaries                  |   | $                                                                  | 92,975   |   |                                       | $      | 25,218  |                                  |   | $ | 118,193 |   |
|                                              |   |                                                               |     |   |                                       |   |    |                                  |   |   |   |   |
|                                              |   |                                                               |     |   |                                       |   |    |                                  |   |   |   |   |
| Supplemental discolsure of cash flow information: |   |                                                               |     |   |                                       |   |    |                                  |   |   |   |   |
| Net cash from disposal of subsidiaries:           |   |                                                               |     |   |                                       |   |    |                                  |   |   |   |   |
| Cash outflow of subsidiary disposed               |   | $                                                                  | (10,086  | )      |                                       | $      | (172    | )                                     |   | $ | (10,258 | ) |
| Consideration - cash                              |   |                                                               | 50,000   |   |                                       |   | -       |                                  |   |   | 50,000 |   |
|                                              |   |                                                               |     |   |                                       |   |    |                                  |   |   |   |   |
| Total, net                                        |   | $                                                                  | 39,914   |   |                                       | $      | (172    | )                                     |   | $ | 39,742 |   |

----

----

----

|   | ● | Lack of functioning independent directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |    |                                                                                                                                                            |
|   | ● | Lack of segregation of duties over financial transaction processing and reporting;                                                                              |
|   |    |                                                                                                                                                            |
|   | ● | Ineffective controls and insufficient written policies and procedures over period end financial disclosure and reporting processes.                             |

----

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| Exhibit 3.1  | Articles of Incorporation (1)                                                                                                                                                                         |
|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|         |                                                                                                                                                                                                  |
| Exhibit 3.2  | Bylaws (1)                                                                                                                                                                                            |
|         |                                                                                                                                                                                                  |
| Exhibit 10.1 | A letter agreement for the Loan Advance dated September 30, 2009 from Mr. Bing HE (2)                                                                                                                 |
|         |                                                                                                                                                                                                  |
| Exhibit 31.1 | Rule 13a-14(a) Certification by the Principal Executive Officer and Interim Principal Financial Officer (3)                                                                                           |
|         |                                                                                                                                                                                                  |
| Exhibit 32.1 | Certification by the Principal Executive Officer and Interim Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (3) |

| (1) | Incorporated by reference from Registrant’s Form SB-2 filed with the Securities and Exchange Commission on October 16, 2007.                       |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Incorporated by reference from Registrant’s Amendment No. 2 to Form 10-K/A filed with the Securities and Exchange Commission on November 20, 2009. |
| (3) | Filed herewith.                                                                                                                                          |

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| Date:  February 22, 2011 |   | By:  /s/ Robert M. Price                                 |
|------------------------------------|--------|--------------------------------------------------------------------|
|                               |   | Robert M. Price                                                    |
|                               |   | Director, Chief Executive Officer, Interim Chief Financial Officer |

----