----

----

| x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|-----------------------------------------------------------------------------------------|

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

| Delaware                                                      |   | 333-153838            |   | 26-1402471                        |
|---------------------------------------------------------------|--------|-----------------------|--------|-----------------------------------|
| (State or other jurisdiction ofincorporation or organization) |   | (Commission File No.) |   | (IRS Employee Identification No.) |

----

----

----

| Item 1.  | Financial Statements                                              |   1  |
|----------|-------------------------------------------------------------------|-----------|
| Item 2.  | Management’s Discussion and Analysis of Financial Condition |   19 |
| Item 3.  | Quantitative and Qualitative Disclosures About Market Risk        |   26 |
| Item 4T. | Control and Procedures                                            |   26 |

|  Item 1  | Legal Proceedings                                           |   27 |
|---------------|-------------------------------------------------------------|-----------|
|  Item 1A | Risk Factors                                                |   27 |
|  Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds |   27 |
|  Item 3. | Defaults Upon Senior Securities                             |   27 |
|  Item 4. | (Removed and Reserved)                                      |   27 |
|  Item 5. | Other Information                                           |   27 |
|  Item 6. | Exhibits                                                    |   27 |

----

| APEXTALK HOLDINGS, INC. AND SUBSIDIARIES                                                                                                                                                                                           |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| CONDENSED CONSOLIDATED BALANCE SHEETS                                                                                                                                                                                              |   |
|                                                                                                                                                                                                                               |   |
|                                                                                                                                                                                                                               |   |   |   |   |   |   |
|                                                                                                                                                                                                                               |   |   |   |   |
|                                                                                                                                                                                                                               |   | September 30, 2010 (UNAUDITED) |   |   | December 31, 2009   |   |
| ASSETS                                                                                                                                                                                                                             |   |
| Current Assets                                                                                                                                                                                                                     |   |   |   |   |   |   |
|   Cash and cash equivalents                                                                                                                                                                                              |   | $ | 4,180,387 |   |   | $ | - |   |
|   Accounts receivable from a related company                                                                                                                                                                             |   |   | 929,360 |   |   |   | - |   |
|   Other receivables, net                                                                                                                                                                                                 |   |   | 1,112,803 |   |   |   | 1,871 |   |
|   Short term note receivable from a related company                                                                                                                                                                      |   |   | 8,390,439 |   |   |   | - |   |
|   Short term note receivable                                                                                                                                                                                             |   |   | 3,807,050 |   |   |   | - |   |
|   Current assets of discontinued operations                                                                                                                                                                              |   |   | 9,089 |   |   |   | 24,795 |   |
|  Total Currents Assets                                                                                                                                                                                                        |   |   | 18,429,128 |   |   |   | 26,666 |   |
| Other asset                                                                                                                                                                                                                        |   |   | 120,000 |   |   |   | - |   |
| Property and equipment, net                                                                                                                                                                                                        |   |   | 352,794 |   |   |   | 539 |   |
| Patent, net                                                                                                                                                                                                                        |   |   | 8,969 |   |   |   | 8,969 |   |
|   Noncurrent assets of discontinued operations                                                                                                                                                                           |   |   | 30,733 |   |   |   | 41,404 |   |
|   Total Assets                                                                                                                                                                                                           |   | $ | 18,941,624 |   |   | $ | 77,578 |   |
|                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |
| LIABILITIES AND EQUITY (DEFICIENCY)                                                                                                                                                                                                |   |
|                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |
| Current Liabilities                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |
|   Accounts payable                                                                                                                                                                                                       |   | $ | 127,293 |   |   | $ | 7,111 |   |
|   Accrued expenses                                                                                                                                                                                                       |   |   | 15,439 |   |   |   | 6,350 |   |
|   Advance from customers                                                                                                                                                                                                 |   |   | 667,562 |   |   |   | - |   |
|   Short term note payable                                                                                                                                                                                                |   |   | 2,487,273 |   |   |   | - |   |
|   Income tax payable                                                                                                                                                                                                     |   |   | 1,151,369 |   |   |   | - |   |
|   Other taxes payable                                                                                                                                                                                                    |   |   | 101,767 |   |   |   | - |   |
|   Shareholders' loan                                                                                                                                                                                                     |   |   | 49,294 |   |   |   | 30,716 |   |
|   Current liabilities of discontinued operations                                                                                                                                                                         |   |   | 80,479 |   |   |   | 90,514 |   |
|  Total Liabilities                                                                                                                                                                                                            |   |   | 4,680,476 |   |   |   | 134,691 |   |
|                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |
|  Commitments and Contingencies                                                                                                                                                                                                |   |   | - |   |   |   | - |   |
|                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |
| Apextalk Stockholders' Equity (Deficiency)                                                                                                                                                                                         |   |   |   |   |   |   |   |   |
|   Common stock, authorized 1,000,000,000 shares, par value $0.001,  3,063,874 shares and 459,706 shares issued and outstanding on  September 30, 2010 and  December 31, 2009, respectively |   |   | 3,064 |   |   |   | 459 |   |
|   Additional paid-in-capital                                                                                                                                                                                             |   |   | 6,634,478 |   |   |   | 358,383 |   |
|   Accumulated earnings (deficit)                                                                                                                                                                                         |   |   | 1,330,290 |   |   |   | (415,955 | ) |
|   Accumulated other comprehensive income                                                                                                                                                                                 |   |   | 131,051 |   |   |   | - |   |
|        Total Apextalk's Stockholders' Equity (Deficiency)                                                                                                                                       |   |   | 8,098,883 |   |   |   | (57,113 | ) |
|   Noncontrolling interests                                                                                                                                                                                               |   |   | 6,162,265 |   |   |   | - |   |
|  Total Equity  (Deficiency)                                                                                                                                                                                         |   |   | 14,261,148 |   |   |   | (57,113 | ) |
|                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |
| Total Liabilities and Equity (Deficiency)                                                                                                                                                                                          |   | $ | 18,941,624 |   |   | $ | 77,578 |   |
|                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |

----

| APEXTALK HOLDINGS, INC. AND SUBSIDIARIES                                                           |   |
|----------------------------------------------------------------------------------------------------|--------|
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS                                                    |   |
| AND OTHER COMPREHENSIVE INCOME                                                                     |   |
| (Unaudited)                                                                                        |   |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                               |   | For the Three Months Ended |   |   | For the Nine Months Ended |   |
|                                                                                               |   | September 30, |   |   | September 30, |   |
|                                                                                               |   | 2010 |   |   | 2009 |   |   | 2010 |   |   | 2009 |   |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Consultancy fees earned - from a related company                                                   |   | $ | 518,020 |   |   | $ | - |   |   | $ | 845,745 |   |   | $ | - |   |
| Consultancy fees earned                                                                            |   |   | 4,649,377 |   |   |   | - |   |   |   | 4,665,305 |   |   |   | - |   |
|       Total Revenue                                                  |   |   | 5,167,397 |   |   |   | - |   |   |   | 5,511,050 |   |   |   | - |   |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating Expenses                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Payroll expenses                                                                                   |   |   | 148,676 |   |   |   | 11,925 |   |   |   | 225,270 |   |   |   | 40,275 |   |
| Rent and utilities                                                                                 |   |   | 84,066 |   |   |   | - |   |   |   | 105,126 |   |   |   | - |   |
| General and administrative                                                                         |   |   | 506,334 |   |   |   | 56 |   |   |   | 580,040 |   |   |   | 3,097 |   |
| Legal and professional fees                                                                        |   |   | 53,461 |   |   |   | 18,752 |   |   |   | 183,842 |   |   |   | 74,029 |   |
|   Total Operating Expenses                                                               |   |   | 792,537 |   |   |   | 30,733 |   |   |   | 1,094,278 |   |   |   | 117,401 |   |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating Income (Loss)                                                                            |   |   | 4,374,860 |   |   |   | (30,733 | ) |   |   | 4,416,772 |   |   |   | (117,401 | ) |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Income                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Gain on bargain purchase of Yi An                                                |   |   | - |   |   |   | - |   |   |   | 306,005 |   |   |   | - |   |
| Interest income                                                                                    |   |   | 1,956 |   |   |   | - |   |   |   | 2,136 |   |   |   | - |   |
|     Total Other Income                                                         |   |   | 1,956 |   |   |   | - |   |   |   | 308,141 |   |   |   | - |   |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income (Loss) from Continuing Operations before Income Taxesand Discontinued Operations            |   |   | 4,376,816 |   |   |   | (30,733 | ) |   |   | 4,724,913 |   |   |   | (117,401 | ) |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Provision for Income Taxes                                                 |   |   | (1,136,863 | ) |   |   | (1,219 | ) |   |   | (1,191,790 | ) |   |   | (4,457 | ) |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income (Loss) from Continuing Operations                                                           |   |   | 3,239,953 |   |   |   | (31,952 | ) |   |   | 3,533,123 |   |   |   | (121,858 | ) |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Less: Income attributable to noncontrolling interests                      |   |   | 1,647,739 |   |   |   | - |   |   |   | 1,757,807 |   |   |   | - |   |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income (Loss) attributable to Controlling Interest                                                 |   |   | 1,592,214 |   |   |   | (31,952 | ) |   |   | 1,775,316 |   |   |   | (121,858 | ) |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Discontinued Operations, Net of Taxes                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Loss from discontinued operations, net of taxes                            |   |   | (4,418 | ) |   |   | (19,815 | ) |   |   | (28,030 | ) |   |   | (59,138 | ) |
|     Loss on disposal of assets, net of taxes                                   |   |   | (1,041 | ) |   |   | - |   |   |   | (1,041 | ) |   |   | - |   |
| Loss from Discontinued Operations                                                                  |   |   | (5,459 | ) |   |   | (19,815 | ) |   |   | (29,071 | ) |   |   | (59,138 | ) |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Income (Loss)                                                                                  |   |   | 1,586,755 |   |   |   | (51,767 | ) |   |   | 1,746,245 |   |   |   | (180,996 | ) |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Amounts attributable to Apextalk Stockholders                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Income from continuing operations                                                |   |   | 1,592,214 |   |   |   | (31,952 | ) |   |   | 1,775,316 |   |   |   | (121,858 | ) |
|    Discontinued operations, net of taxes                                            |   |   | (5,459 | ) |   |   | (19,815 | ) |   |   | (29,071 | ) |   |   | (59,138 | ) |
|    Net income (loss)                                                                |   |   | 1,586,755 |   |   |   | (51,767 | ) |   |   | 1,746,245 |   |   |   | (180,996 | ) |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Comprehensive Income                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Total foreign currency translation gain                                          |   |   | 220,254 |   |   |   | - |   |   |   | 256,963 |   |   |   | - |   |
|    Less: foreign currency translation gain attributable to noncontrolling interests |   |   | (107,925 | ) |   |   | - |   |   |   | (125,912 | ) |   |   | - |   |
|    Foreign currency translation gain attributable to Apextalk stockholders          |   |   | 112,329 |   |   |   | - |   |   |   | 131,051 |   |   |   | - |   |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive Income (Loss)                                                                        |   | $ | 1,699,084 |   |   | $ | (51,767 | ) |   | $ | 1,877,296 |   |   | $ | (180,996 | ) |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and Diluted Net Income (Loss) per Share attributable to Apextalk's stockholders              |   |   |   |   |   |   |   |   |   |
|      Net income (loss) per share from continuing operations               |   | $ | 0.68 |   |   | $ | (0.07 | ) |   | $ | 1.08 |   |   | $ | (0.27 | ) |
|      Discontinued operations                                              |   |   | (0.00 | ) |   |   | (0.04 | ) |   |   | (0.02 | ) |   |   | (0.13 | ) |
|      Net income (loss) per share                                          |   | $ | 0.68 |   |   | $ | (0.11 | ) |   | $ | 1.06 |   |   | $ | (0.40 | ) |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average number of common shares outstanding                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| during the period - Basic and Diluted                                                              |   |   | 2,312,063 |   |   |   | 459,706 |   |   |   | 1,645,223 |   |   |   | 447,190 |   |

----

| APEXTALK HOLDINGS, INC. AND SUBSIDIARIES                                            |   |
|-------------------------------------------------------------------------------------|--------|
| CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY / (DEFICIENCY) |   |
| (Unaudited)                                                                         |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | Total |   |   |   |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   | Accumulated |   |   | Apextalk |   |   |   |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   | Accumulated |   |   | Other |   |   | Stockholders' |   |   |   |   |   |   |   |
|                                                                                |   | Common Stock |   |   | Paid in |   |   | Earnings |   |   | Comprehensive |   |   | Equity |   |   | Noncontrolling |   |   | Total Equity |   |
|                                                                                |   | Shares |   |   | Amount |   |   | Capital |   |   | (Deficit) |   |   | Income |   |   | (Deficiency) |   |   | Interest |   |   | (Deficiency) |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2009                                                          |   |   | 459,706 |   |   | $ | 459 |   |   | $ | 358,383 |   |   | $ | (415,955 | ) |   | $ | - |   |   | $ | (57,113 | ) |   | $ | - |   |   | $ | (57,113 | ) |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for cash                                                        |   |   | 2,604,168 |   |   |   | 2,605 |   |   |   | 6,247,395 |   |   |   | - |   |   |   | - |   |   |   | 6,250,000 |   |   |   | - |   |   |   | 6,250,000 |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Noncontrolling interests                                                            |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 4,451,015 |   |   |   | 4,451,015 |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In kind contribution for services                                                   |   |   | - |   |   |   | - |   |   |   | 28,700 |   |   |   | - |   |   |   | - |   |   |   | 28,700 |   |   |   | - |   |   |   | 28,700 |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income for the nine months period ended September 30, 2010                      |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 1,746,245 |   |   |   | - |   |   |   | 1,746,245 |   |   |   | 1,757,807 |   |   |   | 3,504,052 |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Yi An's dividend paid to noncontrolling interest                                    |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (172,469 | ) |   |   | (172,469 | ) |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Foreign currency translation gain                                                   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 131,051 |   |   |   | 131,051 |   |   |   | 125,912 |   |   |   | 256,963 |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, September 30, 2010                                                         |   |   | 3,063,874 |   |   | $ | 3,064 |   |   | $ | 6,634,478 |   |   | $ | 1,330,290 |   |   | $ | 131,051 |   |   | $ | 8,098,883 |   |   | $ | 6,162,265 |   |   | $ | 14,261,148 |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| APEXTALK HOLDINGS, INC. AND SUBSIDIARIES                                                          |                                                |
|---------------------------------------------------------------------------------------------------|-----------------------------------------------------|
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS                                                   |                                                |
| (Unaudited)                                                                                       |                                                |
|                                                                                              |                                                |   |   |   |   |   |   |
|                                                                                              |                                                |   | For the Nine Months |   |   | For the Nine Months |   |
|                                                                                              |                                                |   | Ended |   |   | Ended |   |
|                                                                                              |                                                |   | September 30, 2010 |   |   | September 30, 2009 |   |
|                                                                                              |                                                |   |   |   |   |   |   |
| Cash Flows from Operating Activities                                                              |                                                |   |   |   |   |   |
|                                                                                              | Net income (loss)                                   |   | $ | 3,504,052 |   |   | $ | (180,996 | ) |
|                                                                                              | Less discontinued operations, net of tax            |   |   | (29,071 | ) |   |   | (59,138 | ) |
|                                                                                              | Net income (loss) from continuing operations        |   |   | 3,533,123 |   |   |   | (121,858 | ) |
| Adjustment to reconcile net income (loss) to net cash provided by (used in) operating activities: |                                                |   |   |   |   |
|                                                                                              | Gain on bargain purchase of Yi An                   |   |   | (306,005 | ) |   |   | - |   |
|                                                                                              | Depreciation and amortization                       |   |   | 32,122 |   |   |   | 64 |   |
|                                                                                              | In kind contribution of services                    |   |   | 28,700 |   |   |   | 40,275 |   |
| Change in operating assets and liabilities net of effects from purchase of Subsidiary Yi An:      |                                                |   |   |   |   |
|                                                                                              | (Increase) in accounts receivable                   |   |   | (11,033 | ) |   |   | - |   |
|                                                                                              | (Increase) in accounts receivable, other            |   |   | (1,055,608 | ) |   |   | - |   |
|                                                                                              | (Increase) in other asset                           |   |   | (120,000 | ) |   |   | - |   |
|                                                                                              | (Decrease) in accounts payable                      |   |   | (360 | ) |   |   | (13,610 | ) |
|                                                                                              | Increase in accrued expenses                        |   |   | 118,041 |   |   |   | 3,737 |   |
|                                                                                              | Increase in advanced from customer                  |   |   | 658,258 |   |   |   | - |   |
|                                                                                              | Increase in income tax payable                      |   |   | 1,052,069 |   |   |   | - |   |
|                                                                                              | Increase in other tax payable                       |   |   | 90,390 |   |   |   | - |   |
| Net Cash Provided by (Used in) Operating Activities                                               |                                                |   | 4,019,697 |   |   |   | (91,392 | ) |
|                                                                                              |                                                |   |   |   |   |   |   |   |   |
| Cash Flows from Investing Activities                                                              |                                                |   |   |   |   |   |   |   |
|                                                                                              | Payment for purchase of Yi An, net of cash acquired |   |   | (3,782,192 | ) |   |   | - |   |
|                                                                                              | Deposit for purchase of Yi An                       |   |   | (2,000,000 | ) |   |   |   |   |
|                                                                                              | Purchase of equipment                               |   |   | (104,076 | ) |   |   | (635 | ) |
|                                                                                              | Decrease in notes receivable from a related company |   |   | 3,683,475 |   |   |   | - |   |
|                                                                                              | (Increase) in notes receivable                      |   |   | (3,753,991 | ) |   |   | - |   |
| Net Cash (Used in) Investing Activities                                                           |                                                |   | (5,956,784 | ) |   |   | (635 | ) |
|                                                                                              |                                                |   |   |   |   |   |   |   |   |
| Cash Flows from Financing Activities:                                                             |                                                |   |   |   |   |   |   |   |
|                                                                                              | Proceeds from issuance of common stock              |   |   | 6,250,000 |   |   |   | 25,648 |   |
|                                                                                              | Stock Subscription received                         |   |   | - |   |   |   | 35,016 |   |
|                                                                                              | Payments to note payable                            |   |   | (22,389 | ) |   |   | - |   |
|                                                                                              | Dividends paid to noncontrolling interest           |   |   | (172,469 | ) |   |   | - |   |
|                                                                                              | Proceeds from stockholder loan                      |   |   | 18,578 |   |   |   | - |   |
| Net Cash Provided by Financing Activities                                                         |                                                |   | 6,073,720 |   |   |   | 60,664 |   |
|                                                                                              |                                                |   |   |   |   |   |   |   |   |
| Effect of Exchange Rates on Cash                                                                  |                                                |   | 56,482 |   |   |   | - |   |
|                                                                                              |                                                |   |   |   |   |   |   |   |   |
| Cash Provided by (Used in) Continuing Operations                                                  |                                                |   | 4,193,115 |   |   |   | (31,363 | ) |
|                                                                                              |                                                |   |   |   |   |   |   |   |   |
| Cash (Used in) Operating Activities from Discontinued Operations                                  |                                                |   | (25,449 | ) |   |   | (16,040 | ) |
| Cash Provided by Financing Activities from Discontinued Operations                                |                                                |   | 100 |   |   |   | - |   |
| Effect of Change in Cash and Equivalents of Discontinued Operations                               |                                                |   | 12,621 |   |   |   | 2,640 |   |
| Cash Used in Discontinued Operations                                                              |                                                |   | (12,728 | ) |   |   | (13,400 | ) |
|                                                                                              |                                                |   |   |   |   |   |   |   |   |
| Net Increase/ (Decrease) in Cash                                                                  |                                                |   | 4,180,387 |   |   |   | (44,763 | ) |
|                                                                                              |                                                |   |   |   |   |   |   |   |   |
| Cash and Cash Equivalents , Beginning of Period                                                   |                                                |   | - |   |   |   | 45,366 |   |
| Cash and Cash Equivalents, Ending of Period                                                       |                                                | $ | 4,180,387 |   |   | $ | 603 |   |
|                                                                                              |                                                |   |   |   |   |   |   |   |   |
| Cash paid during the year for:                                                                    |                                                |   |   |   |   |   |   |   |
|                                                                                              | Interest                                            |   | $ | - |   |   | $ | - |   |
|                                                                                              | Income Taxes                                        |   | $ | 169,926 |   |   | $ | 1,600 |   |

----

----

----

----

|                                                                                                                    | September 30, 2010 |
|-------------------------------------------------------------------------------------------------------------------------|--------------------|
| Balance sheet items, except for share capital, additional paid-in capital and retained earnings as of period ended | RMB1=US$0.14930    |
| Amounts included in the statements of operations and cash flows for the period                                          | RMB1=US$0.14722    |

----

----

|                                              |   | Fair Value |       |
|---------------------------------------------------|--------|------------|------------|
| Fixed assets                                      |   | $          | 271,368    |   |
| Deposits paid for acquiring P&E               |   |       | 2,481      |   |
| Accounts receivables                              |   |       | 900,242    |   |
| Other receivables                                 |   |       | 39,591     |   |
| Note receivable                                   |   |       | 11,889,190 |   |
| Cash in bank                                      |   |       | 169,403    |   |
| Other payables                                    |   |       | (805       | ) |
| Note payable                                      |   |       | (2,460,965 | ) |
| Accrued professional fees                         |   |       | (2,001     | ) |
| Accrued expenses                                  |   |       | (7,205     | ) |
| Income taxes payable                              |   |       | (82,781    | ) |
| Other taxes payable                               |   |       | (9,903     | ) |
| Non-controlling interest in Hua Ying              |   |       | (2,360,379 | ) |
| Non-controlling interest in Yi An                 |   |       | (4,090,636 | ) |
| Cash APXG paid for 51% interest in Yi An          |   |       | (3,951,595 | ) |
| Gain on bargain purchase of 51% interest in Yi An |   | $          | (306,005   | ) |

| Pro forma Apextalk Holdings, Inc. condensed consolidated statements of operations and other comprehensive income |        |
|-----------------------------------------------------------------------------------------------------------------------|-------------|
|                                                                                                                  | Nine months |   |
|                                                                                                                  | ended       |   |
|                                                                                                                  | 9/30/2010   |   |
| Total revenues                                                                                                        | $           | 6,519,143 |   |
| Cost of service                                                                                                       |        | 16,845 |   |
| Gross profit (loss)                                                                                                   |        | 6,502,298 |   |
| Total operating expenses                                                                                              |        | 1,294,722 |   |
| Income from operations                                                                                                |        | 5,207,576 |   |
| Total other income (expenses)                                                                                         |        | 2,782 |   |
| Income from operations before taxes                                                                                   |        | 5,210,358 |   |
| Income taxes expense                                                                                                  |        | 1,393,767 |   |
| Net Income                                                                                                            |        | 3,816,591 |   |
|         Add: net profit attributable to noncontrolling interests              |        | 2,070,151 |   |
| Net Income attributable to Apextalk Stockholders                                                                      |        | 1,746,440 |   |
| Foreign currency translation gain attributable to Apextalk                                                            |        | 114,848 |   |
| Comprehensive Income                                                                                                  | $           | 1,861,288 |   |
|                                                                                                                  |        |   |   |

----

|                                                             |   |      |   |   |       |   |
|------------------------------------------------------------------|--------|-----------|--------|--------|------------|--------|
|                                                             |   | 9/30/2010 |   |   | 12/31/2009 |   |
| Assets in discontinued operations                                |   |      |   |   |       |   |
| Current assets:                                                  |   |      |   |   |       |   |
|     Cash and cash equivalents                |   | $         | 9,089  |   |       | $      | 21,710 |   |
|     Accounts receivable, net of allowance         |   |      | -      |   |       |   | 3,085 |   |
|     Total current assets                     |   |      | 9,089  |   |       |   | 24,795 |   |
|                                                             |   |      |   |   |       |   |   |   |
| Non-current assets:                                              |   |      |   |   |       |   |   |   |
|      Property, plant and equipment, net |   |      | 30,733 |   |       |   | 41,404 |   |
|                                                             |   |      |   |   |       |   |   |   |
| Total assets in discontinued operations                          |   | $         | 39,822 |   |       | $      | 66,199 |   |
|                                                             |   |      |   |   |       |   |   |   |
|                                                             |   |      |   |   |       |   |   |   |
| Liabilities in discontinued operations                           |   |      |   |   |       |   |   |   |
|      Accounts payable                   |   | $         | 18,884 |   |       | $      | 23,055 |   |
|      Accrued expenses                   |   |      | 57,743 |   |       |   | 54,743 |   |
|      Unearned revenue                   |   |      | -      |   |       |   | 11,717 |   |
|      Accounts payable to Innoglo        |   |      | 2,753  |   |       |   | - |   |
|      Shareholder's loan                 |   |      | 1,100  |   |       |   | 1,000 |   |
|                                                             |   |      |   |   |       |   |   |   |
| Total liabilities in discontinued operations                     |   | $         | 80,480 |   |       | $      | 90,515 |   |
|                                                             |   |      |   |   |       |   |   |   |

|                                                          |   |               |      |   |              |   |    |      |   |   |       |   |
|---------------------------------------------------------------|--------|--------------------|-----------|--------|-------------------|--------|---------|-----------|--------|--------|------------|--------|
|                                                          |   | Three Months Ended |      |   | Nine Months Ended |   |
|                                                          |   | 9/30/2010          |      |   | 09/30/2009        |   |    | 9/30/2010 |   |   | 09/30/2009 |   |
|                                                          |   |               |      |   |              |   |    |      |   |   |       |   |
| Total revenue                                                 |   | $                  | 4,070     |   |              | $      | 7,755   |      |   | $      | 13,468     |   |   | $ | 14,427 |   |
| Pretax loss                                                   |   |               | (5,459    | )      |              |   | (19,815 | )         |   |   | (29,071    | )      |   |   | (58,338 | ) |
| Income tax provision                                          |   |               | -         |   |              |   | -       |      |   |   | -          |   |   |   | (800 | ) |
| Net loss                                                      |   |               | (5,459    | )      |              |   | (19,815 | )         |   |   | (29,071    | )      |   |   | (59,138 | ) |
| Net loss attributable to Apextalk Holdings, Inc.              |   | $                  | (5,459    | )      |              | $      | (19,815 | )         |   | $      | (29,071    | )      |   | $ | (59,138 | ) |
|                                                          |   |               |      |   |              |   |    |      |   |   |       |   |   |   |   |   |
| Per share information attributable to Apextalk Holdings, Inc. |   |               |      |   |              |   |    |      |   |   |       |   |   |   |   |   |
| Basic and diluted net loss per common shares                  |   | $                  | (0.00     | )      |              | $      | (0.04   | )         |   | $      | (0.02      | )      |   | $ | (0.13 | ) |
| Average common shares outstanding - basic and diluted         |   |               | 2,312,063 |   |              |   | 459,706 |      |   |   | 1,645,223  |   |   |   | 447,190 |   |
|                                                          |   |               |      |   |              |   |    |      |   |   |       |   |   |   |   |   |

----

| For the three months ended  September 30, 2010 |   |       |          |   |   |   |    |         |   |   |            |   |
|----------------------------------------------------------|--------|------------|---------------|--------|--------|--------|---------|--------------|--------|--------|-----------------|--------|
|                                                     |   | Investment |          |   |   |   |    | Intersegment |   |   | Consolidated    |   |
|                                                     |   | Consulting |          |   | Other  |   |    | Eliminations |   |   | Results         |   |
| Total segment operating revenues                         |   | $          | 5,167,397     |   |   | $      | 0       |         |   | $      |            |   |   | $ | 5,167,397 |   |
| Operations and supports expenses                         |   |       | 685,791       |   |   |   | 82,102  |         |   |   |            |   |   |   | 767,893 |   |
| Depreciation and amortization expenses                   |   |       | 24,486        |   |   |   | 158     |         |   |   |            |   |   |   | 24,644 |   |
| Total segment operating expenses                         |   |       |  710,277 |   |   |   | 82,260  |         |   |   |            |   |   |   | 792,537 |   |
| Segment operation income (loss)                          |   |       | 4,457,120     |   |   |   | (82,260 | )            |   |   |            |   |   |   | 4,374,860 |   |
| Other income                                             |   |       | 1,956         |   |   |   | 179,580 |         |   |   | (179,580)  |   |   |   | 1,956 |   |
| Segment income (loss) before income taxes                |   | $          | 4,459,076     |   |   | $      | 97,320  |         |   | $      | (179,580)  |   |   | $ | 4,376,816 |   |
|                                                     |   |       |          |   |   |   |    |         |   |   |            |   |   |   |   |   |

| For the nine months ended  September 30, 2010 |   |       |      |   |   |   |     |         |   |   |            |   |
|---------------------------------------------------------|--------|------------|-----------|--------|--------|--------|----------|--------------|--------|--------|-----------------|--------|
|                                                    |   | Investment |      |   |   |   |     | Intersegment |   |   | Consolidated    |   |
|                                                    |   | Consulting |      |   | Other  |   |     | Eliminations |   |   | Results         |   |
| Total segment operating revenues                        |   | $          | 5,511,050 |   |   | $      | 0        |         |   | $      |            |   |   | $ | 5,511,050 |   |
| Operations and supports expenses                        |   |       | 761,171   |   |   |   | 300,985  |         |   |   |            |   |   |   | 1,062,156 |   |
| Depreciation and amortization expenses                  |   |       | 31,900    |   |   |   | 222      |         |   |   |            |   |   |   | 32,122 |   |
| Total segment operating expenses                        |   |       | 793,071   |   |   |   | 301,207  |         |   |   |            |   |   |   | 1,094,278 |   |
| Segment operation income (loss)                         |   |       | 4,717,979 |   |   |   | (301,207 | )            |   |   |            |   |   |   | 4,416,772 |   |
| Other income                                            |   |       | 2,136     |   |   |   | 485,585  |         |   |   | (179,580)  |   |   |   | 308,141 |   |
| Segment income (loss) before income taxes               |   | $          | 4,720,115 |   |   | $      | 64,378   |         |   | $      | (179,580)  |   |   | $ | 4,724,913 |   |
|                                                    |   |       |      |   |   |   |     |         |   |   |            |   |   |   |   |   |

|                                                               |   |   |                                                                                                                     |   |
|--------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------------------------------------------------------|--------|
| Reconciliation of Reportable Segment Assets to Consolidated Assets |   |   |                                                                                                                     |
|      Assets for investment consulting     |   | $      |             18,664,991                                       |   |
|      Assets for discontinued operations   |   |   |                    39,822 |   |
|      Assets for corporate                 |   |   |               6,355,499                            |   |
|      Intersegment investment              |   |   |             (5,951,595)                                      |   |
|      Intersegment notes                   |   |   |                (167,093)                      |   |
|   Consolidated total assets                              |   | $      |             18,941,624                                       |   |
|                                                               |   |   |                                                                                                                     |   |
|                                                               |   |   |                                                                                                                     |   |

----

|                                |   | September 30, 2010 (unaudited) |          |   | December 31, 2009 |   |
|-------------------------------------|--------|-------------------------------------|---------------|--------|-------------------|--------|
|                                |   |                                |          |   |              |   |
| Computer and Office Equipment       |   | $                                   | 37,311        |   |              | $      | 635 |   |
| Motor Vehicles                      |   |                                | 275,337       |   |              |   | - |   |
|  Leasehold Improvement         |   |                                |   72,363 |   |              |   |  - |   |
|  Less accumulated depreciation |   |                                | (32,217)      |   |              |   | (96) |   |
|                                |   | $                                   | 352,794  |   |              | $      | 539  |   |

|  Year ending December 31 |   | Amount |    |
|-------------------------------|--------|--------|---------|
| 2010                          |   | $      | 46,538  |   |
| 2011                          |   |   | 171,496 |   |
| 2012                          |   |   | 36,899  |   |
| Total                         |   | $      | 268,271 |   |

----

----

----

----

----

| 1.     | The first 90 days, we will continue to focus on our current business consulting service in China. We acquired an equity interest in Yi An  on June 1, 2010. As we continue to  increase our equity interest in Yi An and discontinue our telecom business, we expect Yi An to be our sole contributor of revenue and net income. Yi An established four offices located in Guangzhou, Beijing, Foshan and Dongguan. These offices began generating revenue in July 2010. Based on our year-to-date statistics, we expect Yi An’s consulting service to continue to grow rapidly throughout the year of 2010. To maintain increased  growth, we will continue our customer-relationship-building strategy by sending our sales managers to visit target Small-and-Medium Enterprises (SMEs) Associations in the major cities of China. We will also expand our sales team by hiring more sales managers to better support our growth strategy and expanding network. We expect to close the Yi An stock purchase transaction signed on June 18, 2010. Upon completion, we will subsequently own 90% equity interest of Yi An. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 2.     | During the next 180 days, we will focus on maintaining the rapid growth of Yi An business, as well as improving  earnings. We are planning to open additional offices in Shanghai and other major cities located in China. We will target SMEs. Our  new offices will provide the same business consulting services as our current four offices. We expect the opening of these additional offices will expand our business network to the local clients, as well as diversify our source of revenue geographically. Having clients located in different geographic areas diversifies our business and mitigates the government policy risk which we would face if we were concentrated in a single geographic area.                                                                                                                                                                                                                                                                                                                                                                                                                         |

----

|                                                                                                           |   | For the Nine Months Ended |       |
|----------------------------------------------------------------------------------------------------------------|--------|---------------------------|------------|
|                                                                                                           |   | September 30,             |       |
|                                                                                                           |   | 2010                      |       |   | 2009 |   |
|                                                                                                           |   |                      |       |   |   |   |
| Consultancy fees earned - from a related company                                                               |   | $                         | 845,745    |   |   | $ | - |   |
| Consultancy fees earned                                                                                        |   |                      | 4,665,305  |   |   |   | - |   |
|       Total Revenue                                                              |   |                      | 5,511,050  |   |   |   | - |   |
|                                                                                                           |   |                      |       |   |   |   |   |   |
| Operating Expenses                                                                                             |   |                      |       |   |   |   |   |   |
| Payroll expenses                                                                                               |   |                      | 225,270    |   |   |   | 40,275 |   |
| Rent and utilities                                                                                             |   |                      | 105,126    |   |   |   | - |   |
| General and administrative                                                                                     |   |                      | 580,040    |   |   |   | 3,097 |   |
| Legal and professional fees                                                                                    |   |                      | 183,842    |   |   |   | 74,029 |   |
|   Total Operating Expenses                                                                           |   |                      | 1,094,278  |   |   |   | 117,401 |   |
|                                                                                                           |   |                      |       |   |   |   |   |   |
| Operating Income (Loss)                                                                                        |   |                      | 4,416,772  |   |   |   | (117,401 | ) |
|                                                                                                           |   |                      |       |   |   |   |   |   |
| Other Income                                                                                                   |   |                      |       |   |   |   |   |   |
|    Gain on bargain purchase of Yi An                                                            |   |                      | 306,005    |   |   |   | - |   |
| Interest income                                                                                                |   |                      | 2,136      |   |   |   | - |   |
|     Total Other Income                                                                     |   |                      | 308,141    |   |   |   | - |   |
|                                                                                                           |   |                      |       |   |   |   |   |   |
| Income (Loss) from Continuing Operations before Income Taxes and Discontinued Operations                       |   |                      | 4,724,913  |   |   |   | (117,401 | ) |
|                                                                                                           |   |                      |       |   |   |   |   |   |
|     Provision for Income Taxes                                                             |   |                      | (1,191,790 | ) |   |   | (4,457 | ) |
|                                                                                                           |   |                      |       |   |   |   |   |   |
| Income (Loss) from Continuing Operations                                                                       |   |                      | 3,533,123  |   |   |   | (121,858 | ) |
|                                                                                                           |   |                      |       |   |   |   |   |   |
|     Less: Income attributable to noncontrolling interests                                  |   |                      | 1,757,807  |   |   |   | - |   |
|                                                                                                           |   |                      |       |   |   |   |   |   |
| Income (Loss) attributable to Controlling Interest                                                             |   |                      | 1,775,316  |   |   |   | (121,858 | ) |
|                                                                                                           |   |                      |       |   |   |   |   |   |
| Discontinued Operations, Net of Taxes                                                                          |   |                      |       |   |   |   |   |   |
|      Loss from discontinued operations, net of taxes                                  |   |                      | (28,030    | ) |   |   | (59,138 | ) |
|      Loss on disposal of assets, net of taxes                                         |   |                      | (1,041     | ) |   |   | - |   |
| Loss from Discontinued Operations                                                                              |   |                      | (29,071    | ) |   |   | (59,138 | ) |
|                                                                                                           |   |                      |       |   |   |   |   |   |
| Net Income (Loss)                                                                                              |   |                      | 1,746,245  |   |   |   | (180,996 | ) |
|                                                                                                           |   |                      |       |   |   |   |   |   |
| Amounts attributable to Apextalk Stockholders                                                                  |   |                      |       |   |   |   |   |   |
|      Income from continuing operations                                                     |   |                      | 1,775,316  |   |   |   | (121,858 | ) |
|      Discontinued operations, net of taxes                                                 |   |                      | (29,071    | ) |   |   | (59,138 | ) |
|      Net income (loss)                                                                     |   |                      | 1,746,245  |   |   |   | (180,996 | ) |
|                                                                                                           |   |                      |       |   |   |   |   |   |
| Other Comprehensive Income                                                                                     |   |                      |       |   |   |   |   |   |
|      Total foreign currency translation gain                                          |   |                      | 256,963    |   |   |   | - |   |
|      Less: foreign currency translation gain attributable to noncontrolling interests |   |                      | (125,912   | ) |   |   | - |   |
|      Foreign currency translation gain attributable to Apextalk stockholders               |   |                      | 131,051    |   |   |   | - |   |
|                                                                                                           |   |                      |       |   |   |   |   |   |
| Comprehensive Income (Loss)                                                                                    |   | $                         | 1,877,296  |   |   | $ | (180,996 | ) |

----

----

|                                                                                                      |   | For the Three Months Ended |       |
|-----------------------------------------------------------------------------------------------------------|--------|----------------------------|------------|
|                                                                                                      |   | September 30,              |       |
|                                                                                                      |   | 2010                       |       |   | 2009 |   |
|                                                                                                      |   |                       |       |   |   |   |
| Consultancy fees earned - from a related company                                                          |   | $                          | 518,020    |   |   | $ | - |   |
| Consultancy fees earned                                                                                   |   |                       | 4,649,377  |   |   |   | - |   |
|       Total Revenue                                                         |   |                       | 5,167,397  |   |   |   | - |   |
|                                                                                                      |   |                       |       |   |   |   |   |   |
| Operating Expenses                                                                                        |   |                       |       |   |   |   |   |   |
| Payroll expenses                                                                                          |   |                       | 148,676    |   |   |   | 11,925 |   |
| Rent and utilities                                                                                        |   |                       | 84,066     |   |   |   | - |   |
| General and administrative                                                                                |   |                       | 506,334    |   |   |   | 56 |   |
| Legal and professional fees                                                                               |   |                       | 53,461     |   |   |   | 18,752 |   |
|   Total Operating Expenses                                                                      |   |                       | 792,537    |   |   |   | 30,733 |   |
|                                                                                                      |   |                       |       |   |   |   |   |   |
| Operating Income (Loss)                                                                                   |   |                       | 4,374,860  |   |   |   | (30,733 | ) |
|                                                                                                      |   |                       |       |   |   |   |   |   |
| Other Income                                                                                              |   |                       |       |   |   |   |   |   |
|    Gain on bargain purchase of Yi An                                                       |   |                       | -          |   |   |   | - |   |
| Interest income                                                                                           |   |                       | 1,956      |   |   |   | - |   |
|     Total Other Income                                                                |   |                       | 1,956      |   |   |   | - |   |
|                                                                                                      |   |                       |       |   |   |   |   |   |
| Income (Loss) from Continuing Operations before Income Taxes and Discontinued Operations                  |   |                       | 4,376,816  |   |   |   | (30,733 | ) |
|                                                                                                      |   |                       |       |   |   |   |   |   |
|     Provision for Income Taxes                                                        |   |                       | (1,136,863 | ) |   |   | (1,219 | ) |
|                                                                                                      |   |                       |       |   |   |   |   |   |
| Income (Loss) from Continuing Operations                                                                  |   |                       | 3,239,953  |   |   |   | (31,952 | ) |
|                                                                                                      |   |                       |       |   |   |   |   |   |
|     Less: Income attributable to noncontrolling interests                             |   |                       | 1,647,739  |   |   |   | - |   |
|                                                                                                      |   |                       |       |   |   |   |   |   |
| Income (Loss) attributable to Controlling Interest                                                        |   |                       | 1,592,214  |   |   |   | (31,952 | ) |
|                                                                                                      |   |                       |       |   |   |   |   |   |
| Discontinued Operations, Net of Taxes                                                                     |   |                       |       |   |   |   |   |   |
|      Loss from discontinued operations, net of taxes                             |   |                       | (4,418     | ) |   |   | (19,815 | ) |
|      Loss on disposal of assets, net of taxes                                    |   |                       | (1,041     | ) |   |   | - |   |
| Loss from Discontinued Operations                                                                         |   |                       | (5,459     | ) |   |   | (19,815 | ) |
|                                                                                                      |   |                       |       |   |   |   |   |   |
| Net Income (Loss)                                                                                         |   |                       | 1,586,755  |   |   |   | (51,767 | ) |
|                                                                                                      |   |                       |       |   |   |   |   |   |
| Amounts attributable to Apextalk Stockholders                                                             |   |                       |       |   |   |   |   |   |
|    Income from continuing operations                                                       |   |                       | 1,592,214  |   |   |   | (31,952 | ) |
|    Discontinued operations, net of taxes                                                   |   |                       | (5,459     | ) |   |   | (19,815 | ) |
|    Net income (loss)                                                                       |   |                       | 1,586,755  |   |   |   | (51,767 | ) |
|                                                                                                      |   |                       |       |   |   |   |   |   |
| Other Comprehensive Income                                                                                |   |                       |       |   |   |   |   |   |
|      Total foreign currency translation gain                                     |   |                       | 220,254    |   |   |   | - |   |
|      Less: foreign currency translation gain attributable to noncontrolling interests |   |                       | (107,925   | ) |   |   | - |   |
|      Foreign currency translation gain attributable to Apextalk stockholders          |   |                       | 112,329    |   |   |   | - |   |
|                                                                                                      |   |                       |       |   |   |   |   |   |
| Comprehensive Income (Loss)                                                                               |   | $                          | 1,699,084  |   |   | $ | (51,767 | ) |

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|                         |   | APEXTALK HOLDINGS, INC. |
|------------------------------|--------|-------------------------|
|                         |   | Registrant              |
|                         |   |                    |
| Date: November 23, 2010 |   | By: /s/ Hui Liu         |
|                         |   | Hui Liu                 |
|                         |   | Chief Executive Officer |

|                    |   |                                           |
|-------------------------|--------|------------------------------------------------|
| Date: November 23, 2010 |   | By: /s/ Shan Liu                               |
|                    |   | Shan LiuChief Financial and Accounting Officer |