| [X] | QUARTERLY 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 |
|-----------|------------------------------------------------------------------------------------|

| Nevada                                                         | 95-4755369                 |
|----------------------------------------------------------------|----------------------------|
| (State of Other Jurisdiction of incorporation or organization) | (I.R.S. Employer I.D. No.) |

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|                                                                                                                            |   | 2008       |       |   | 2007       |   |
|---------------------------------------------------------------------------------------------------------------------------------|--------|------------|------------|--------|------------|--------|
|                                                                                                                            |   | (Restated) |       |   | (Restated) |   |
| Assets:                                                                                                                         |   |       |       |   |       |   |
| Current assets:                                                                                                                 |   |       |       |   |       |   |
| Cash and cash equivalents                                                                                                       |   | $          | 23,203     |   |       | $      | 4,892 |   |
| Accounts receivable, net of allowance for doubtful accounts of $0                                                               |   |       |       |   |       |   |   |   |
|  and$6,666 at June 30, 2008 and June 30, 2007, respectively                                                                |   |       | -          |   |       |   | 1,326,481 |   |
| Inventory                                                                                                                       |   |       | 2,076,016  |   |       |   | 1,332,469 |   |
| Other receivables                                                                                                               |   |       | 1,163,854  |   |       |   | 678,344 |   |
| Advances to suppliers                                                                                                           |   |       | 5,884,877  |   |       |   | 1,877,554 |   |
| Prepaid expenses                                                                                                                |   |       | 385        |   |       |   | 151 |   |
| Total current assets:                                                                                                           |   |       | 9,148,335  |   |       |   | 5,219,891 |   |
|                                                                                                                            |   |       |       |   |       |   |   |   |
| Property and equipment, net:                                                                                                    |   |       | 695,163    |   |       |   | 837,047 |   |
|                                                                                                                            |   |       |       |   |       |   |   |   |
| Other assets:                                                                                                                   |   |       |       |   |       |   |   |   |
| Intangible assets, net                                                                                                          |   |       | 4,515,047  |   |       |   | 4,155,315 |   |
|                                                                                                                            |   |       |       |   |       |   |   |   |
| Total assets:                                                                                                                   |   | $          | 14,358,545 |   |       | $      | 10,212,253 |   |
|                                                                                                                            |   |       |       |   |       |   |   |   |
|                                                                                                                            |   |       |       |   |       |   |   |   |
| Liabilities and stockholders’ equity:                                                                                     |   |       |       |   |       |   |   |   |
| Current liabilities:                                                                                                            |   |       |       |   |       |   |   |   |
| Accounts payable and accrued expenses                                                                                           |   | $          | 249,212    |   |       | $      | 425,875 |   |
| Income taxes payable                                                                                                            |   |       | 1,216,130  |   |       |   | 736,496 |   |
| Due from shareholders                                                                                                           |   |       | 79,350     |   |       |   | 225,474 |   |
|       Other tax payable                                                                           |   |       | 126,362    |   |       |   | - |   |
| Other payables                                                                                                                  |   |       | 68,435     |   |       |   | - |   |
| Total current liabilities:                                                                                                      |   |       | 1,739,489  |   |       |   | 1,387,848 |   |
|                                                                                                                            |   |       |       |   |       |   |   |   |
| Stockholders’ equity:                                                                                                     |   |       |       |   |       |   |   |   |
| Series A convertible preferred stock, $0.001 par value,                                                                         |   |       |       |   |       |   |   |   |
|           100,000,000 shares authorized, 27,011,477 shares issued             |   |       |       |   |       |   |   |   |
|           and outstanding, respectively                                       |   |       | 27,011     |   |       |   | 27,011 |   |
| Common stocks, $0.001 par value, 100,000,000 shares                                                                             |   |       |       |   |       |   |   |   |
|           authorized, 19,542,572 and 39,527,897 shares issued and outstanding |   |       |       |   |       |   |   |   |
|    at June 30, 2008 and 2007, respectively                                                                       |   |       | 19,543     |   |       |   | 39,528 |   |
| Additional paid-in capital                                                                                                      |   |       | 4,466,731  |   |       |   | 4,600,841 |   |
| Retained earnings                                                                                                               |   |       | 5,888,629  |   |       |   | 3,360,137 |   |
| Statutory reserve                                                                                                               |   |       | 659,726    |   |       |   | 378,782 |   |
| Accumulated other comprehensive income                                                                                          |   |       | 1,557,416  |   |       |   | 418,109 |   |
| Total stockholders’ equity:                                                                                               |   |       | 12,619,056 |   |       |   | 8,824,409 |   |
|                                                                                                                            |   |       |       |   |       |   |   |   |
| Total Liabilities and Stockholders' Equity:                                                                                     |   | $          | 14,358,545 |   |       | $      | 10,212,253 |   |
|                                                                                                                            |   |       |       |   |       |   |   |   |

----

|                                    |   | 2008       |       |   | 2007       |   |
|-----------------------------------------|--------|------------|------------|--------|------------|--------|
|                                    |   | (Restated) |       |   | (Restated) |   |
|                                    |   |       |       |   |       |   |
| Revenue:                                |   | $          | 12,587,579 |   |       | $      | 5,535,608 |   |
|                                    |   |       |       |   |       |   |   |   |
| Cost of goods sold:                     |   |       | 7,830,672  |   |       |   | 2,207,496 |   |
|                                    |   |       |       |   |       |   |   |   |
| Gross profit:                           |   |       | 4,756,907  |   |       |   | 3,328,112 |   |
|                                    |   |       |       |   |       |   |   |   |
| Selling, general and administrative:    |   |       | 1,455,800  |   |       |   | 510,288 |   |
|                                    |   |       |       |   |       |   |   |   |
| Income from operations:                 |   |       | 3,301,108  |   |       |   | 2,817,824 |   |
|                                    |   |       |       |   |       |   |   |   |
| Other income (expense):                 |   |       |       |   |       |   |   |   |
| Other income, net                       |   |       | 378        |   |       |   | 13,065 |   |
| Non-operation income                    |   |       | 4,351      |   |       |   | 13,110 |   |
| Interest income (expense), net          |   |       | (618       | )      |       |   | (743 | ) |
|                                    |   |       |       |   |       |   |   |   |
| Total other income (expense):           |   |       | 4,111      |   |       |   | 25,432 |   |
|                                    |   |       |       |   |       |   |   |   |
| Income before provision for income tax: |   |       | 3,305,219  |   |       |   | 2,843,256 |   |
|                                    |   |       |       |   |       |   |   |   |
| Provision for income tax:               |   |       | 495,783    |   |       |   | 434,007 |   |
|                                    |   |       |       |   |       |   |   |   |
| Net income:                             |   |       | 2,809,436  |   |       |   | 2,409,249 |   |
|                                    |   |       |       |   |       |   |   |   |
| Other comprehensive income:             |   |       |       |   |       |   |   |   |
| Foreign currency translation adjustment |   |       | 1,139,307  |   |       |   | 366,483 |   |
|                                    |   |       |       |   |       |   |   |   |
| Comprehensive income:                   |   | $          | 3,948,743  |   |       | $      | 2,775,732 |   |
|                                    |   |       |       |   |       |   |   |   |
| Earnings per share:                     |   |       |       |   |       |   |   |   |
| Basic                                   |   | $          | 0.22       |   |       | $      | 3.11 |   |
| Diluted                                 |   | $          | 0.14       |   |       | $      | 1.85 |   |
|                                    |   |       |       |   |       |   |   |   |
| Weighted average number of              |   |       |       |   |       |   |   |   |
|   common shares outstanding:  |   |       |       |   |       |   |   |   |
| Basic                                   |   |       | 12,909,427 |   |       |   | 775,056 |   |
| Diluted                                 |   |       | 20,072,209 |   |       |   | 1,304,692 |   |
|                                    |   |       |       |   |       |   |   |   |

----

|                                            |   |                     |       |   |                     |   |   |         |   |   |     |   |   |      |   |   |     |   |        |          |   |   |                |   |   |     |      |   | Accumulated |   |    |   |   |
|-------------------------------------------------|--------|--------------------------|------------|--------|--------------------------|--------|--------|--------------|--------|--------|----------|--------|--------|-----------|--------|--------|----------|--------|-------------|---------------|--------|--------|---------------------|--------|--------|----------|-----------|--------|-------------|--------|---------|--------|--------|
|                                            |   |                     |       |   |                     |   |   |         |   |   |     |   |   |      |   |   |     |   |        | Additional    |   |   |                |   |   |     |      |   | other       |   |    | Total  |   |
|                                            |   | Series A Preferred Stock |       |   | Series B Preferred Stock |   |   | Common Stock |   |   | Paid in  |   |   | Statutory |   |   | Retained |   |        | Comprehensive |   |   | Stockholders’ |   |
|                                            |   | Shares                   |       |   | Amount                   |   |   | Shares       |   |   | Amount   |   |   | Shares    |   |   | Amount   |   |        | Capital       |   |   | Reserve             |   |   | Earnings |      |   | Income      |   |    | Equity |   |
|                                            |   |                     |       |   |                     |   |   |         |   |   |     |   |   |      |   |   |     |   |        |          |   |   |                |   |   |     |      |   |        |   |    |   |   |
| Balance at June 30, 2006                        |   |                     | 27,588,477 |   |                     | $      | 27,588 |         |   |   | -        |   |   | $         | -      |   |     |   | 39,527,897  |          |   | $      | 39,528              |   |   | $        | 4,300,064 |   |        | $      | 137,857 |   |   | $ | 1,191,813 |   |   | $ | 51,626 |   |   | $ | 5,748,476 |   |
|                                            |   |                     |       |   |                     |   |   |         |   |   |     |   |   |      |   |   |     |   |        |          |   |   |                |   |   |     |      |   |        |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Preferred series A stock issued                 |   |                     |       |   |                     |   |   |         |   |   |     |   |   |      |   |   |     |   |        |          |   |   |                |   |   |     |      |   |        |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    in connection with financing       |   |                     | (577,000   | )      |                     |   | (577   | )            |   |   | -        |   |   |      | -      |   |     |   | -           |          |   |   | -                   |   |   |     | 577       |   |        |   | -       |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                            |   |                     |       |   |                     |   |   |         |   |   |     |   |   |      |   |   |     |   |        |          |   |   |                |   |   |     |      |   |        |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Contribution of capital                         |   |                     | -          |   |                     |   | -      |         |   |   | -        |   |   |      | -      |   |     |   | -           |          |   |   | -                   |   |   |     | 300,200   |   |        |   | -       |   |   |   | - |   |   |   | - |   |   |   | 300,200 |   |
|                                            |   |                     |       |   |                     |   |   |         |   |   |     |   |   |      |   |   |     |   |        |          |   |   |                |   |   |     |      |   |        |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                      |   |                     | -          |   |                     |   | -      |         |   |   | -        |   |   |      | -      |   |     |   | -           |          |   |   | -                   |   |   |     | -         |   |        |   | -       |   |   |   | 2,409,249 |   |   |   | - |   |   |   | 2,409,249 |   |
|                                            |   |                     |       |   |                     |   |   |         |   |   |     |   |   |      |   |   |     |   |        |          |   |   |                |   |   |     |      |   |        |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Statutory reserve                               |   |                     | -          |   |                     |   | -      |         |   |   | -        |   |   |      | -      |   |     |   | -           |          |   |   | -                   |   |   |     | -         |   |        |   | 240,925 |   |   |   | (240,925 | ) |   |   | - |   |   |   | - |   |
|                                            |   |                     |       |   |                     |   |   |         |   |   |     |   |   |      |   |   |     |   |        |          |   |   |                |   |   |     |      |   |        |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other comprehensive income                      |   |                     | -          |   |                     |   | -      |         |   |   | -        |   |   |      | -      |   |     |   | -           |          |   |   | -                   |   |   |     | -         |   |        |   | -       |   |   |   | - |   |   |   | 366,483 |   |   |   | 366,483 |   |
|                                            |   |                     |       |   |                     |   |   |         |   |   |     |   |   |      |   |   |     |   |        |          |   |   |                |   |   |     |      |   |        |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance at June 30, 2007                        |   |                     | 27,011,477 |   |                     | $      | 27,011 |         |   |   | -        |   |   | $         | -      |   |     |   | 39,527,897  |          |   | $      | 39,528              |   |   | $        | 4,600,841 |   |        | $      | 378,782 |   |   | $ | 3,360,137 |   |   | $ | 418,109 |   |   | $ | 8,824,408 |   |
|                                            |   |                     |       |   |                     |   |   |         |   |   |     |   |   |      |   |   |     |   |        |          |   |   |                |   |   |     |      |   |        |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued in                          |   |                     |       |   |                     |   |   |         |   |   |     |   |   |      |   |   |     |   |        |          |   |   |                |   |   |     |      |   |        |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|       recapitalization |   |                     | -          |   |                     |   | -      |         |   |   | -        |   |   |      | -      |   |     |   | 57,143,302  |          |   |   | 57,143              |   |   |     | (211,238  | )      |        |   | -       |   |   |   | - |   |   |   | - |   |   |   | (154,095 | ) |
|                                            |   |                     |       |   |                     |   |   |         |   |   |     |   |   |      |   |   |     |   |        |          |   |   |                |   |   |     |      |   |        |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Series B preferred stock                        |   |                     |       |   |                     |   |   |         |   |   |     |   |   |      |   |   |     |   |        |          |   |   |                |   |   |     |      |   |        |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   issued in recapitalization               |   |                     | -          |   |                     |   | -      |         |   |   | 100,000  |   |   |      | 100    |   |     |   | -           |          |   |   | -                   |   |   |     | (100      | )      |        |   | -       |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                            |   |                     |       |   |                     |   |   |         |   |   |     |   |   |      |   |   |     |   |        |          |   |   |                |   |   |     |      |   |        |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock reverse                            |   |                     |       |   |                     |   |   |         |   |   |     |   |   |      |   |   |     |   |        |          |   |   |                |   |   |     |      |   |        |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    split 1:51                         |   |                     | -          |   |                     |   | -      |         |   |   | -        |   |   |      | -      |   |     |   | (94,775,686 | )             |   |   | (94,775             | )      |   |     | 94,775    |   |        |   | -       |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                            |   |                     |       |   |                     |   |   |         |   |   |     |   |   |      |   |   |     |   |        |          |   |   |                |   |   |     |      |   |        |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Series B preferred stock                        |   |                     |       |   |                     |   |   |         |   |   |     |   |   |      |   |   |     |   |        |          |   |   |                |   |   |     |      |   |        |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    converted to comment stock         |   |                     | -          |   |                     |   | -      |         |   |   | (100,000 | )      |   |      | (100   | )      |     |   | 17,647,059  |          |   |   | 17,647              |   |   |     | (17,547   | )      |        |   | -       |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                            |   |                     |       |   |                     |   |   |         |   |   |     |   |   |      |   |   |     |   |        |          |   |   |                |   |   |     |      |   |        |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                      |   |                     | -          |   |                     |   | -      |         |   |   | -        |   |   |      | -      |   |     |   | -           |          |   |   | -                   |   |   |     | -         |   |        |   | -       |   |   |   | 2,809,436 |   |   |   | - |   |   |   | 2,809,436 |   |
|                                            |   |                     |       |   |                     |   |   |         |   |   |     |   |   |      |   |   |     |   |        |          |   |   |                |   |   |     |      |   |        |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Statutory reserve                               |   |                     | -          |   |                     |   | -      |         |   |   | -        |   |   |      | -      |   |     |   | -           |          |   |   | -                   |   |   |     | -         |   |        |   | 280,944 |   |   |   | (280,944 | ) |   |   | - |   |   |   | - |   |
|                                            |   |                     |       |   |                     |   |   |         |   |   |     |   |   |      |   |   |     |   |        |          |   |   |                |   |   |     |      |   |        |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other comprehensive income                      |   |                     | -          |   |                     |   | -      |         |   |   | -        |   |   |      | -      |   |     |   | -           |          |   |   | -                   |   |   |     | -         |   |        |   | -       |   |   |   | - |   |   |   | 1,139,307 |   |   |   | 1,139,307 |   |
|                                            |   |                     |       |   |                     |   |   |         |   |   |     |   |   |      |   |   |     |   |        |          |   |   |                |   |   |     |      |   |        |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance at June 30, 2008                        |   |                     | 27,011,477 |   |                     | $      | 27,011 |         |   |   | -        |   |   | $         | -      |   |     |   | 19,542,572  |          |   | $      | 19,543              |   |   | $        | 4,466,731 |   |        | $      | 659,726 |   |   | $ | 5,888,629 |   |   | $ | 1,557,416 |   |   | $ | 12,619,056 |   |

----

|                                                 |   | 2008       |       |   | 2007       |   |
|------------------------------------------------------|--------|------------|------------|--------|------------|--------|
|                                                 |   | (Restated) |       |   | (Restated) |   |
| Cash flows from operating activities:                |   |       |       |   |       |   |
| Net Income                                           |   | $          | 2,809,436  |   |       | $      | 2,409,249 |   |
| Adjustments to reconcile net income to net cash      |   |       |       |   |       |   |   |   |
|   Provided (used) by operating activities: |   |       |       |   |       |   |   |   |
| Depreciation                                         |   |       | 246,343    |   |       |   | 193,485 |   |
| Amortization                                         |   |       | 93,998     |   |       |   | 83,016 |   |
| Provision for bad debts                              |   |       | -          |   |       |   | 6,493 |   |
| Changes in assets and liabilities:                   |   |       |       |   |       |   |   |   |
| Accounts receivable                                  |   |       | 1,458,528  |   |       |   | (1,298,576 | ) |
| Other receivables                                    |   |       | (407,525   | )      |       |   | (120,482 | ) |
| Inventory                                            |   |       | (589,483   | )      |       |   | (614,197 | ) |
| Advances to suppliers                                |   |       | (3,749,866 | )      |       |   | (1,828,866 | ) |
| Prepaid expenses                                     |   |       | 165        |   |       |   | 462 |   |
| Accounts payable and accrued expenses                |   |       | (227,198   | )      |       |   | 340,380 |   |
| Income taxes payable                                 |   |       | 393,541    |   |       |   | 544,944 |   |
| Other taxes payable                                  |   |       | 124,638    |   |       |   | - |   |
| Other payables                                       |   |       | (27,795    | )      |       |   | - |   |
|                                                 |   |       |       |   |       |   |   |   |
| Total adjustments:                                   |   |       | (2,684,654 | )      |       |   | (2,693,341 | ) |
|                                                 |   |       |       |   |       |   |   |   |
| Net cash used by operating activities:               |   |       | 124,782    |   |       |   | (284,092 | ) |
|                                                 |   |       |       |   |       |   |   |   |
| Cash flows from investing activities                 |   |       |       |   |       |   |   |   |
| Acquisition of property and equipment                |   |       | (15,439    | )      |       |   | (85,101 | ) |
|                                                 |   |       |       |   |       |   |   |   |
| Net cash used by investing activities:               |   |       | (15,439    | )      |       |   | (85,101 | ) |
|                                                 |   |       |       |   |       |   |   |   |
| Cash flows from financing activities:                |   |       |       |   |       |   |   |   |
| Proceeds from sale of common stock                   |   |       | -          |   |       |   | 303,773 |   |
| Proceeds (repayments) of stockholders’ loans   |   |       | (220,848   | )      |       |   | 67,340 |   |
|                                                 |   |       |       |   |       |   |   |   |
| Net cash provided by financing activities:           |   |       | (220,848   | )      |       |   | 371,113 |   |
|                                                 |   |       |       |   |       |   |   |   |
| Effect of foreign currency translation on cash:      |   |       | 129,816    |   |       |   | 189 |   |
|                                                 |   |       |       |   |       |   |   |   |
| Net increase in cash and cash equivalents:           |   |       | 18,311     |   |       |   | 2,109 |   |
|                                                 |   |       |       |   |       |   |   |   |
| Cash and cash equivalents – beginning:         |   |       | 4,892      |   |       |   | 2,783 |   |
|                                                 |   |       |       |   |       |   |   |   |
| Cash and cash equivalents – ending:            |   | $          | 23,203     |   |       | $      | 4,892 |   |

----

----

----

|                          |   | 2008   |      |   | 2007   |   |
|-------------------------------|--------|--------|-----------|--------|--------|--------|
| Food for frogs                |   | $      | 28,049    |   |   | $      | 148,834 |   |
| Food for pigs                 |   |   | 29,541    |   |   |   | 50,266 |   |
| Frogs in process              |   |   | 305,259   |   |   |   | 86,125 |   |
| Pigs in process               |   |   | 278,499   |   |   |   | 122,502 |   |
| Packaging supplies            |   |   | -         |   |   |   | 260,107 |   |
| Finished goods                |   |   | 1,434,668 |   |   |   | 664,635 |   |
|                          |   |   |      |   |   |   |   |   |
|     Total |   | $      | 2,076,016 |   |   | $      | 1,332,469 |   |

----

|                           |   | 2008   |      |   | 2007   |   |
|--------------------------------|--------|--------|-----------|--------|--------|--------|
| Buildings                      |   | $      | 1,234,117 |   |   | $      | 1,280,322 |   |
| Equipment                      |   |   | 254,444   |   |   |   | 46,058 |   |
| Breeding livestock             |   |   | 1,223     |   |   |   | 1,176 |   |
| Construction in progress       |   |   | 9,705     |   |   |   | 9,331 |   |
|                           |   |   | 1,499,489 |   |   |   | 1,336,887 |   |
| Less: accumulated depreciation |   |   | 804,326   |   |   |   | 459,840 |   |
|                           |   |   |      |   |   |   |   |   |
|     Total  |   | $      | 695,163   |   |   | $      | 4,837,047 |   |
|                           |   |   |      |   |   |   |   |   |

|                           |   |   |      |
|--------------------------------|--------|--------|-----------|
| Rights to use land             |   | $      | 4,707,245 |   |
| Less: accumulated amortization |   |   | (168,853  | ) |
|     Total  |   | $      | 4,538,391 |   |
|                           |   |   |      |   |

|                |   |   |      |
|---------------------|--------|--------|-----------|
|                |   |   |      |
|                |   | $      | 88,596    |   |
| 2009                |   |   | 88,596    |   |
| 2010                |   |   | 88,596    |   |
| 2011                |   |   | 88,596    |   |
| 2012                |   |   | 88,596    |   |
| 2013 and thereafter |   |   | 4,095,411 |   |
|                |   |   |      |   |
| Total               |   | $      | 4,538,391 |   |

----

----

|                                                                                                                    ASSETS |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | As Reported |   |   | As Restated |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | June 30, |   |   | June 30, |   |   | Effect of |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | 2008 |   |   | 2008 |   |   | Changes |   |
| CURRENT ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |
| Cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | $ | 23,203 |   |   | $ | 23,203 |   |   | $ | - |   |
| Accounts receivable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   | - |   |   |   | - |   |   |   | - |   |
| Inventory                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | 2,076,016 |   |   |   | 2,076,016 |   |   |   | - |   |
| Other receivables                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   | 1,163,854 |   |   |   | 1,163,854 |   |   |   | - |   |
| Advances to suppliers                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   | 5,884,877 |   |   |   | 5,884,877 |   |   |   | - |   |
| Prepaid expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   | 385 |   |   |   | 385 |   |   |   | - |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Current Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   | 9,148,335 |   |   |   | 9,148,335 |   |   |   | - |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| PROPERTY AND EQUIPMENT, NET                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   | 695,163 |   |   |   | 695,163 |   |   |   | - |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| OTHER ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Intangible assets, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   | 4,515,047 |   |   |   | 4,515,047 |   |   |   | - |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | $ | 14,358,545 |   |   | $ | 14,358,545 |   |   | $ | - |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| CURRENT LIABILITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Accounts payable and accrued expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | $ | 249,212 |   |   | $ | 249,212 |   |   | $ | - |   |
| Income taxes payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   | 1,216,130 |   |   |   | 1,216,130 |   |   |   | - |   |
| Due from stockholders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   | 79,350 |   |   |   | 79,350 |   |   |   | - |   |
| Other tax payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   | 126,362 |   |   |   | 126,362 |   |   |   |   |   |
| Other payables                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   | 68,435 |   |   |   | 68,435 |   |   |   | - |   |
| Total Current Liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | 1,739,489 |   |   |   | 1,739,489 |   |   |   | - |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| STOCKHOLDERS’ EQUITY                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Series A convertible preferred stock, $0.001 par value,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| 100,000,000 shares authorized, 27,011,477 shares issued                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
|   and outstanding, respectively                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | 27,011 |   |   |   | 27,011 |   |   |   | - |   |
| Common stock, $0.001 par value, 100,000,000 shares                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|   authorized ,19,542,572 shares issued and outstanding                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   | 19,543 |   |   |   | 19,543 |   |   |   | - |   |
| Additional paid-in capital                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   | 4,466,731 |   |   |   | 4,466,731 |   |   |   | - |   |
| Retained earnings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   | 6,169,574 |   |   |   | 5,888,629 |   |   |   | (280,945 | ) |
| Statutory reserve                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   | 378,782 |   |   |   | 659,726 |   |   |   | 280,944 |   |
| Accumulated other comprehensive income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   | 1,557,416 |   |   |   | 1,557,415 |   |   |   | 1 |   |
| Total Stockholders’ Equity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   | 12,619,056 |   |   |   | 12,619,056 |   |   |   | - |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Liabilities and Stockholders’ Equity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | $ | 14,358,545 |   |   | $ | 14,358,545 |   |   | $ | - |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                              |   | As Reported  |       |   | As Restated  |   |       |      |   |
|---------------------------------------------------|--------|--------------|------------|--------|--------------|--------|------------|-----------|--------|
|                                              |   | For the Year |       |   | For the Year |   |       |      |   |
|                                              |   | Ended        |       |   | Ended        |   |       |      |   |
|                                              |   | June 30,     |       |   | June 30,     |   |       | Effect of |   |
|                                              |   | 2008         |       |   | 2008         |   |       | Changes   |   |
|                                              |   |         |       |   |         |   |       |      |   |
| REVENUE                                           |   | $            | 12,587,579 |   |         | $      | 12,587,579 |      |   | $ | - |   |
|                                              |   |         |       |   |         |   |       |      |   |   |   |   |
| COST OF GOODS SOLD                                |   |         | 7,830,672  |   |         |   | 7,830,672  |      |   |   | - |   |
|                                              |   |         |       |   |         |   |       |      |   |   |   |   |
| GROSS PROFIT                                      |   |         | 4,756,907  |   |         |   | 4,756,907  |      |   |   | - |   |
|                                              |   |         |       |   |         |   |       |      |   |   |   |   |
| SELLING, GENERAL AND ADMINISTRATIVE EXPENSES      |   |         | 1,455,800  |   |         |   | 1,455,800  |      |   |   |   |   |
|                                              |   |         |       |   |         |   |       |      |   |   |   |   |
| INCOME FROM OPERATIONS                            |   |         | 3,301,108  |   |         |   | 3,301,108  |      |   |   | - |   |
|                                              |   |         |       |   |         |   |       |      |   |   |   |   |
| OTHER INCOME (EXPENSE)                            |   |         |       |   |         |   |       |      |   |   |   |   |
| Other income (expense), net                       |   |         | 378        |   |         |   | 378        |      |   |   |   |   |
| Non-operation income                              |   |         | 4,351      |   |         |   | 4,351      |      |   |   | - |   |
| Interest income (expense), net                    |   |         | (618       | )      |         |   | (618       | )         |   |   | - |   |
|                                              |   |         |       |   |         |   |       |      |   |   |   |   |
| Total Other Income (Expense)                      |   |         | 4,111      |   |         |   | 4,111      |      |   |   | - |   |
|                                              |   |         |       |   |         |   |       |      |   |   |   |   |
| INCOME  BEFORE PROVISION FOR INCOME TAX |   |         | 3,305,219  |   |         |   | 3,305,219  |      |   |   |   |   |
|                                              |   |         |       |   |         |   |       |      |   |   |   |   |
| PROVISION FOR INCOME TAXES                        |   |         | 495,783    |   |         |   | 495,783    |      |   |   | - |   |
|                                              |   |         |       |   |         |   |       |      |   |   |   |   |
| NET INCOME                                        |   |         | 2,809,436  |   |         |   | 2,809,436  |      |   |   | - |   |
|                                              |   |         |       |   |         |   |       |      |   |   |   |   |
| OTHER COMPREHENSIVE INCOME                        |   |         |       |   |         |   |       |      |   |   |   |   |
| Foreign currency translation adjustment           |   |         | 1,139,307  |   |         |   | 1,139,307  |      |   |   | - |   |
|                                              |   |         |       |   |         |   |       |      |   |   |   |   |
| COMPREHENSIVE INCOME                              |   | $            | 3,948,743  |   |         | $      | 3,948,743  |      |   | $ | - |   |
|                                              |   |         |       |   |         |   |       |      |   |   |   |   |
| EARNINGS PER SHARE                                |   |         |       |   |         |   |       |      |   |   |   |   |
| Basic                                             |   | $            | 0.14       |   |         | $      | 0.22       |      |   | $ | 0.08 |   |
| Diluted                                           |   | $            | 0.14       |   |         | $      | 0.14       |      |   | $ | - |   |
|                                              |   |         |       |   |         |   |       |      |   |   |   |   |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES          |   |         |       |   |         |   |       |      |   |   |   |   |
|   OUTSTANDING                           |   |         |       |   |         |   |       |      |   |   |   |   |
| Basic                                             |   |         | 20,072,209 |   |         |   | 12,909,427 |      |   |   | 7,162,782 |   |
| Diluted                                           |   |         | 20,072,209 |   |         |   | 20,072,209 |      |   |   | - |   |
|                                              |   |         |       |   |         |   |       |      |   |   |   |   |

----

|                                                 |   | As Reported  |       |   | As Restated  |   |       |      |   |
|------------------------------------------------------|--------|--------------|------------|--------|--------------|--------|------------|-----------|--------|
|                                                 |   | For the Year |       |   | For the Year |   |       |      |   |
|                                                 |   | Ended        |       |   | Ended        |   |       |      |   |
|                                                 |   | June 30,     |       |   | June 30,     |   |       | Effect of |   |
|                                                 |   | 2008         |       |   | 2008         |   |       | Changes   |   |
| CASH FLOWS FROM OPERATING ACTIVITIES                 |   |         |       |   |         |   |       |      |   |
| Net Income                                           |   | $            | 2,809,436  |   |         | $      | 2,809,436  |      |   | $ | - |   |
| Adjustments to reconcile net income to net cash      |   |         |       |   |         |   |       |      |   |   |   |   |
|   provided (used) by operating activities: |   |         |       |   |         |   |       |      |   |   |   |   |
| Depreciation                                         |   |         | 246,343    |   |         |   | 246,343    |      |   |   | - |   |
| Amortization                                         |   |         | 93,998     |   |         |   | 93,998     |      |   |   | - |   |
| Intangible assets                                    |   |         |       |   |         |   |       |      |   |   |   |   |
| Non-cash capital contribution                        |   |         |       |   |         |   |       |      |   |   |   |   |
| Bad debt expense                                     |   |         |       |   |         |   |       |      |   |   | - |   |
| Changes in assets and liabilities:                   |   |         |       |   |         |   |       |      |   |   |   |   |
| Accounts receivable                                  |   |         | 1,458,528  |   |         |   | 1,458,528  |      |   |   | - |   |
| Other receivables                                    |   |         | (407,525   | )      |         |   | (407,525   | )         |   |   | - |   |
| Inventory                                            |   |         | (589,483   | )      |         |   | (589,483   | )         |   |   | - |   |
| Advances to suppliers                                |   |         | (3,749,866 | )      |         |   | (3,749,866 | )         |   |   | - |   |
| Prepaid expenses                                     |   |         | 165        |   |         |   | 165        |      |   |   | - |   |
| Accounts payable and accrued expenses                |   |         | (227,198   | )      |         |   | (227,198   | )         |   |   | - |   |
| Income tax payable                                   |   |         | 393,541    |   |         |   | 393,541    |      |   |   | - |   |
| Other taxes payable                                  |   |         | 124,638    |   |         |   | 124,638    |      |   |   |   |   |
| Other payables                                       |   |         | (27,795    | )      |         |   | (27,795    | )         |   |   | - |   |
|                                                 |   |         |       |   |         |   |       |      |   |   |   |   |
| Total Adjustments                                    |   |         | (2,684,654 | )      |         |   | (2,684,654 | )         |   |   | - |   |
|                                                 |   |         |       |   |         |   |       |      |   |   |   |   |
| Net Cash Provided by Operating Activities            |   |         | 124,782    |   |         |   | 124,782    |      |   |   | - |   |
|                                                 |   |         |       |   |         |   |       |      |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES                 |   |         |       |   |         |   |       |      |   |   |   |   |
| Acquisition of property and equipment                |   |         | (15,439    | )      |         |   | (15,439    | )         |   |   | - |   |
|                                                 |   |         |       |   |         |   |       |      |   |   |   |   |
| Net Cash Used by Investing Activities                |   |         | (15,439    | )      |         |   | (15,439    | )         |   |   | - |   |
|                                                 |   |         |       |   |         |   |       |      |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                 |   |         |       |   |         |   |       |      |   |   |   |   |
| Proceeds from sale of common stock                   |   |         | -          |   |         |   | -          |      |   |   | - |   |
| Proceeds (repayments) of shareholders’ loans   |   |         | (220,848   | )      |         |   | (220,848   | )         |   |   |   |   |
|                                                 |   |         |       |   |         |   |       |      |   |   |   |   |
| Net Cash Provided by Financing Activities            |   |         | (220,848   | )      |         |   | (220,848   | )         |   |   | - |   |
|                                                 |   |         |       |   |         |   |       |      |   |   |   |   |
| EFFECT OF FOREIGN CURRENCY TRANSLATION ON CASH       |   |         | 129,816    |   |         |   | 129,816    |      |   |   | - |   |
|                                                 |   |         |       |   |         |   |       |      |   |   |   |   |
| NET INCREASE IN CASH AND CASH EQUIVALENTS            |   |         | 18,311     |   |         |   | 18,311     |      |   |   | - |   |
|                                                 |   |         |       |   |         |   |       |      |   |   |   |   |
| CASH AND CASH EQUIVALENTS - BEGINNING                |   |         | 4,892      |   |         |   | 4,892      |      |   |   | - |   |
|                                                 |   |         |       |   |         |   |       |      |   |   |   |   |
| CASH AND CASH EQUIVALENTS - ENDING                   |   | $            | 23,203     |   |         | $      | 23,203     |      |   | $ | - |   |

----

|   |                     |                                  |
|--------|--------------------------|---------------------------------------|
|   | China Sxan Biotech, Inc. |
|   |                     |                                  |
|   | By:            | /s/Feng Zhen Xing                     |
|   | Name                | Feng Zhen Xing                        |
|   | Title:              | Chief Executive Officer and President |

----