UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-Q

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

                  For the quarterly period ended May 31, 2010

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

           For the transition period from ____________ to ____________

                       Commission file number: 333-150385


                            HQ GLOBAL EDUCATION INC.
             (Exact name of registrant as specified in its charter)

          Delaware                                                26-1806348
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)

             No.27, Jinsha Road, Jinnan Village, Lijingpu Township,
          Shahe Section, Ningxiang County, Hunan Province, China 410600
                            Peoples Republic of China
                    (Address of principal executive offices)

                             Tel: (86 731) 87828601
              (Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted  electronically  and
posted on its corporate Web site, if any, every  Interactive  Data File required
to be submitted and posted pursuant to Rule 405 of Regulation S-T (ss.232.405 of
this chapter)  during the  preceding 12 months (or for such shorter  period that
the registrant was required to submit and post such files). Yes [ ] No [ ]

Indicate by check mark whether the registrant is a large  accelerated  filer, an
accelerated filer, a non-accelerated  filer, or a smaller reporting company. See
definition  of "large  accelerated  filer,"  "accelerated  filer," and  "smaller
reporting company" in Rule 12b-2 of the Exchange Act. [ ]

Large accelerated filer [ ]                        Accelerated filer [ ]

Non-accelerated filer [ ]                          Smaller reporting company [X]

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes [ ] No [X]

As of July 16, 2010,  33,000,000  shares of the Company's common stock,  $0.0001
par value, were issued and outstanding.
<PAGE>
                            HQ GLOBAL EDUCATION INC.
                                    FORM 10-Q

                                      INDEX

                                                                           Page
                                                                          Number
                                                                          ------

PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements                                                  3

     Condensed Consolidated Balance Sheets as of May 31, 2010 (unaudited)
     and August 31, 2009                                                       3

     Condensed Consolidated Statements of Income for the three months
     ended May 31, 2010 and 2009 (unaudited)                                   4

     Condensed Consolidated Statements of Cash Flows for the nine months
     ended May 31, 2010 and 2009 (unaudited)                                   5

     Notes to Condensed Consolidated Financial Statements (unaudited)          6

Item 2.  Management's Discussion and Analysis of Financial Condition and
         Results of Operations                                                27

Item 3.  Quantitative and Qualitative Disclosures About Market Risk           35

Item 4.  Controls and Procedures                                              35

PART II. OTHER INFORMATION

Item 1.  Legal Proceedings                                                    35

Item 1A. Risk Factors                                                         35

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds          35

Item 3.  Defaults Upon Senior Securities                                      35

Item 4.  (Removed and Reserved)                                               36

Item 5.  Other Information                                                    36

Item 6.  Exhibits                                                             36

SIGNATURES                                                                    37

                                       2
<PAGE>
                          PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

                            HQ GLOBAL EDUCATION INC.
                       (FORMERLY GREEN STAR MINING CORP.)
                      CONDENSED CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                      May 31,             August 31,
                                                                       2010                 2009
                                                                    -----------          -----------
                                                                    (Unaudited)
<S>                                                                 <C>                  <C>
                                     ASSETS
CURRENT ASSETS
  Cash and cash equivalents                                         $13,385,942          $ 3,848,040
  Accounts receivable, net of allowance of $55,836 as of
   May 31, 2010 and August 31, 2009                                  11,028,527            5,713,491
  Other receivables                                                     374,296                2,203
  Due from related party                                                     --            2,447,482
  Inventory                                                             332,189            1,504,764
  Advances to vendors                                                 4,041,259            2,375,364
                                                                    -----------          -----------
      Total current assets                                           29,162,213           15,891,344

PROPERTY AND EQUIPMENT, NET                                          18,185,908           14,862,590

INTANGIBLE ASSETS, NET                                                1,020,777              477,339
                                                                    -----------          -----------

      TOTAL ASSETS                                                  $48,368,898          $31,231,273
                                                                    ===========          ===========

                      LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
  Short-term loans                                                  $ 1,310,798          $   732,002
  Long term loans - current portion                                      73,229              629,522
  Accounts payable                                                    1,642,563            1,327,622
  Due to shareholder                                                    310,000                   --
  Taxes payable                                                          51,771               20,580
  Payroll payable                                                       755,361              241,477
  Unearned revenues                                                   3,237,823                8,275
  Other payables and accrued liabilities                              1,653,388              902,725
                                                                    -----------          -----------
      Total current liabilities                                       9,034,933            3,862,203

LONG TERM LOANS                                                         637,092              402,601
                                                                    -----------          -----------

TOTAL LIABILITIES                                                     9,672,025            4,264,804
                                                                    -----------          -----------
COMMITMENT AND  CONTINGENCIES

SHAREHOLDERS' EQUITY
  Common Stock, $0.0001 par value 100,000,000 shares authorized,
   33,000,000 and 2,050,000 shares issued and outstanding
   at May 31, 2010 and August 31, 2009, respectively                      3,300                2,050
  Additional paid-in capital                                          1,226,674            1,227,924
  Accumulated other comprehensive income                              1,681,883            1,672,524
  Statutory reserve                                                   9,877,685            6,946,771
  Retained earnings                                                  25,907,331           17,117,200
                                                                    -----------          -----------
      Total shareholders' equity                                     38,696,873           26,966,469
                                                                    -----------          -----------

      TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY                    $48,368,898          $31,231,273
                                                                    ===========          ===========
</TABLE>
              The accompanying notes are an integral part of these
                  condensed consolidated financial statements

                                       3
<PAGE>
                            HQ GLOBAL EDUCATION INC.
                       (FORMERLY GREEN STAR MINING CORP.)
                   CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                           For the three months ended May 31,     For the nine months ended May 31,
                                           ----------------------------------     ---------------------------------
                                               2010                 2009              2010                 2009
                                           ------------         ------------      ------------         ------------
<S>                                        <C>                  <C>               <C>                  <C>
Revenues                                   $ 17,235,916         $  9,536,983      $ 37,110,090         $ 31,179,916
Cost of revenue                             (10,802,813)          (6,447,337)      (22,317,831)         (19,515,016)
                                           ------------         ------------      ------------         ------------
Gross profit                                  6,433,103            3,089,646        14,792,259           11,664,900

Selling expenses                               (268,893)            (156,857)         (512,651)            (503,089)
General and administrative expenses            (567,662)            (470,846)       (1,495,898)          (1,360,377)
                                           ------------         ------------      ------------         ------------

Income from operations                        5,596,548            2,461,943        12,783,710            9,801,434

Other expenses
  Interest expenses                             (38,711)             (25,367)          (83,838)             (64,795)
  Other expenses                                 (8,877)                (856)         (978,827)             (15,629)
                                           ------------         ------------      ------------         ------------
Total other expenses                            (47,588)             (26,223)       (1,062,665)             (80,424)
                                           ------------         ------------      ------------         ------------

Income before income taxes                    5,548,960            2,435,720        11,721,045            9,721,010

Provision for income taxes                           --                   --                --                   --
                                           ------------         ------------      ------------         ------------

Net income                                 $  5,548,960         $  2,435,720      $ 11,721,045         $  9,721,010
                                           ============         ============      ============         ============

Other comprehensive item
  Foreign currency translation gain (loss) $    (10,268)        $     43,478      $      9,359         $     41,549
                                           ------------         ------------      ------------         ------------

Comprehensive Income                       $  5,538,692         $  2,479,198      $ 11,730,404         $  9,762,559
                                           ============         ============      ============         ============

Basic and diluted income per common share  $       0.17         $       0.12      $       0.46         $       0.47
                                           ============         ============      ============         ============

Basic and diluted weighted average common
 shares outstanding                          33,000,000           20,500,000        25,673,993           20,500,000
                                           ============         ============      ============         ============
</TABLE>


              The accompanying notes are an integral part of these
                  condensed consolidated financial statements

                                       4
<PAGE>
                            HQ GLOBAL EDUCATION INC.
                       (FORMERLY GREEN STAR MINING CORP.)
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                          Nine months ended May 31,
                                                                    -----------------------------------
                                                                        2010                   2009
                                                                    ------------           ------------
<S>                                                                 <C>                    <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income                                                        $ 11,721,045           $  9,721,010
  Adjustments to reconcile net income to net cash
   provided by operating activities:
     Depreciation and amortization                                     1,409,368              1,183,143
     Loss on disposal of property & equipment                            969,369                     --
  Changes in assets and liabilities
     (Increase) decrease in -
     Accounts receivable                                              (5,313,198)            (3,890,410)
     Other receivables                                                  (372,119)               (13,021)
     Inventories                                                       1,173,255                927,082
Increase (decrease) in -
  Accounts payables                                                      314,443                 34,157
  Payroll Payable                                                        513,828                282,206
  Taxes payable                                                           31,185                 14,545
  Unearned revenues                                                    3,229,791              2,483,429
  Other payables and accrued liabilities                                 750,937                304,689
                                                                    ------------           ------------
       Net cash provided by operating activities                      14,427,904             11,046,830
                                                                    ------------           ------------
CASH FLOWS FROM INVESTING ACTIVITIES:
  Acquisition of intangible assets                                      (265,109)                    --
  Acquisition of property & equipment                                 (7,639,799)            (2,952,644)
                                                                    ------------           ------------
       Net cash used in investing activities                          (7,904,908)            (2,952,644)
                                                                    ------------           ------------
CASH FLOWS FROM FINANCING ACTIVITIES:
  Capital contributions                                                       --                877,963
  Proceeds from short term loan                                          578,508                     --
  Proceeds from long term loan                                           234,333                     --
  Repayments on long term loan                                          (556,540)                    --
  Proceeds from shareholders' loan                                       310,000                     --
  Loan to shareholder                                                         --             (1,198,942)
  Loan to related party                                                       --             (1,890,298)
  Collection of loans to related party                                 2,448,629                     --
                                                                    ------------           ------------
       Net cash provided by (used in) financing activities             3,014,930             (2,211,277)
                                                                    ------------           ------------

EFFECT OF EXCHANGE RATE CHANGE ON CASH & CASH EQUIVALENTS                    (24)                11,746

NET INCREASE IN CASH & CASH EQUIVALENTS                                9,537,902              5,894,653

CASH & CASH EQUIVALENTS, BEGINNING OF PERIOD                           3,848,040              3,328,231
                                                                    ------------           ------------

CASH & CASH EQUIVALENTS, END OF PERIOD                              $ 13,385,942           $  9,222,884
                                                                    ============           ============

Supplemental disclosures of cash flow information:
  Income tax paid                                                   $         --           $         --
                                                                    ============           ============
  Interest paid                                                     $     93,735           $    106,254
                                                                    ============           ============
</TABLE>

              The accompanying notes are an integral part of these
                  condensed consolidated financial statements

                                       5
<PAGE>
                            HQ GLOBAL EDUCATION INC.
                       (FORMERLY GREEN STAR MINING CORP.)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


Note 1.  ORGANIZATION AND BASIS OF PRESENTATION

HQ Global  Education Inc. ("the  Company"),  formerly known as Green Star Mining
Corp., was  incorporated  under the laws of the State of Delaware on January 22,
2008. On February 8, 2010, the Company  acquired all of the outstanding  capital
stock  of  Risetime  Group  Limited   ("Risetime"),   a  BVI  business   company
incorporated in British Virgin Islands on December 17, 2007.  Risetime owns 100%
of the equity of Xiangtan Nicestar Business  Administration Co., Ltd. ("Xiangtan
Nicestar")  through its 100%  subsidiary,  Global Education  International  Ltd.
("GEI"), an investment holding company incorporated in Hong Kong on November 15,
2007.  Xiangtan  Nicestar is a wholly foreign owned  enterprise  incorporated in
Xiangtan City, Hunan Province,  People's Republic of China on September 30, 2009
and is primarily  engaged in  providing  business  administration,  planning and
consulting  services.  Substantially  all  Risetime  and  GEI's  operations  are
conducted  in  China  through  Xiangtan   Nicestar,   and  through   contractual
arrangements with Xiangtan Nicestar's consolidated affiliated entities in China,
including  Hunan  Oya  Education   Technology   Co.,  Ltd.   ("Oya")  and  Oya's
subsidiaries  and  variable  interest  entities  ("VIEs").   Oya  is  a  company
incorporated  in  Changsha  City,  Hunan  Province,  People's  Republic of China
("PRC") on  November  20,  2008 is  primarily  engaged in  providing  vocational
education service and vocational skills training service.

In connection  with the  acquisition,  the Company issued  20,500,000  shares of
common stock to the  shareholder  of Risetime in exchange for all of the capital
stock of Risetime (the "Share Exchange" or "Merger"). Upon the completion of the
Merger, the shareholders of Risetime own approximately  62.12% of the issued and
outstanding  capital stock of the Company and consequently  control the business
and operation of the Company.

The  acquisition was accounted for as a reverse merger under the purchase method
of accounting since there was a change of control. Accordingly, Risetime and its
subsidiaries will be treated as the continuing entity for accounting purposes.

In March 2010,  subsequent to the end of the second quarter of fiscal year 2010,
Green Star Mining  Corp.  changed its name to HQ Global  Education  Inc. to more
effectively  reflect the Company's  business and communicate the Company's brand
identity to customers.

                                       6
<PAGE>
                            HQ GLOBAL EDUCATION INC.
                       (FORMERLY GREEN STAR MINING CORP.)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


Note 1. ORGANIZATION AND BASIS OF PRESENTATION (Continued)

On July 28, 2009, Oya entered into certain  exclusive  agreements  with Changsha
Huanqiu  Vocational  Secondary School ("Changsha  Huanqiu") and Shaoshan Huanqiu
Vocational   Technical   Secondary   School   ("Shaoshan   Huanqiu")  and  their
shareholders.  Pursuant to these agreements,  Oya provides exclusive  consulting
and other general business  operation  services to Changsha Huanqiu and Shaoshan
Huanqiu in exchange  for  substantially  all net income of Changsha  Huanqiu and
Shaoshan Huanqiu.  Oya has the right to appoint all senior management  personnel
of Changsha Huanqiu and Shaoshan Huanqiu.

On  November  28,  2009,   Xiangtan  Nicestar  entered  into  certain  exclusive
agreements with Oya and its shareholders. Pursuant to these agreements, Xiangtan
Nicestar  provides  exclusive  consulting and other general  business  operation
services to Oya in exchange for all net income of Oya. All voting  rights of Oya
are assigned to Xiangtan Nicestar and Xiangtan Nicestar has the right to appoint
all  directors  and senior  management  personnel  of Oya.  In  addition,  Oya's
shareholders  have pledged their equity interest in Oya to Xiangtan  Nicestar as
collateral  for the fees for  consulting  and  other  services  due to  Xiangtan
Nicestar.

As a result of these contractual  arrangements,  which obligates Oya to absorb a
majority  of the risk of loss  from  Changsha  Huanqiu  and  Shaoshan  Huanqiu's
activities  and  enable  Oya to  receive a  majority  of its  expected  residual
returns,  Oya  accounts for  Changsha  Huanqiu and Shaoshan  Huanqiu as variable
interest  entities  under  ASC  810-10,  "Consolidation".  Accordingly,  Oya has
included the accounts of Changsha  Huanqiu and Shaoshan Huanqiu in its condensed
consolidated  financial  statements.  For the  same  reason,  Xiangtan  Nicestar
accounts  for  Oya  as a VIE  and  includes  Oya's  accounts  in  its  condensed
consolidated financial statements.

The accompanying unaudited condensed consolidated financial statements have been
prepared in accordance with generally accepted accounting principles for interim
financial information.  Accordingly,  they do not include all of the information
and footnotes required by generally accepted accounting  principles for complete
financial  statements.  In  the  opinion  of  the  management,  all  adjustments
(consisting only of normal recurring accruals)  considered  necessary for a fair
presentation  have  been  included.   These  condensed   consolidated  financial
statements  and  notes  should  be read in  conjunction  with  the  consolidated
financial  statements  and notes thereto  included in our Current Report on Form
8-K filed with the  Securities  and  Exchange  Commission  on February 12, 2010.
Operating  results for the nine and three months ended May 31, 2010 and 2009 are
not  necessarily  indicative  of the results  that may be expected  for the full
years.

                                       7
<PAGE>
                            HQ GLOBAL EDUCATION INC.
                       (FORMERLY GREEN STAR MINING CORP.)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


Note 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

PRINCIPLES OF CONSOLIDATION

The condensed consolidated financial statements include the financial statements
of the  Company,  Risetime,  GEI,  Xiangtan  Nicestar,  Oya,  as well  as  Oya's
subsidiaries and VIEs. All significant  inter-company  balances and transactions
are eliminated in consolidation.

USE OF ESTIMATES

The  preparation of condensed  consolidated  financial  statements in conformity
with accounting  principles  generally  accepted in the United States of America
("U.S.  GAAP") requires management to make estimates and assumptions that affect
the amounts  reported in the condensed  consolidated  financial  statements  and
accompanying notes, and disclosure of contingent  liabilities at the date of the
condensed  consolidated  financial  statements.  Estimates are used for, but not
limited to, the  selection of the useful  lives and residual  values of property
and  equipment  and  intangible  assets,   provision  necessary  for  contingent
liabilities, fair values, revenue recognition,  budgeted costs and other similar
charges.  Management  believes  that the  estimates  utilized in  preparing  its
condensed consolidated  financial statements are reasonable and prudent.  Actual
results could differ from these estimates.

CASH AND CASH EQUIVALENTS

The Company considers all highly liquid investments with original  maturities of
three  months  or less  when  purchased  to be  cash  equivalents.  The  Company
maintains uninsured cash and cash equivalents with various banks in the PRC.

                                       8
<PAGE>
                            HQ GLOBAL EDUCATION INC.
                       (FORMERLY GREEN STAR MINING CORP.)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


Note 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

The Company  has not  experienced  any losses in such  accounts  and  management
believes it is not exposed to any risks on its cash in bank accounts.

ACCOUNTS RECEIVABLE

Accounts  receivable  consists  of  balances  due from the  enterprises  for the
education  services  provided  and due  from  China  Overseas-Educated  Scholars
Development  Foundation  and  Poverty  Alleviation  and  Development  Offices of
related provinces for tuition revenues.  Accounts receivable are recorded at net
realizable  value  consisting  of the  carrying  amount  less an  allowance  for
uncollectible amounts.

The  Company  does  periodical  reviews as to  whether  the  carrying  values of
accounts have become  impaired.  The assets are considered to be impaired if the
collectability  of the balances  become  doubtful,  accordingly,  the management
estimates  the  valuation  allowance for  anticipated  uncollectible  receivable
balances.  When  facts  subsequently  become  available  to  indicate  that  the
allowance  provided  requires  an  adjustment,   then  the  adjustment  will  be
classified as a change in estimate.  As of May 31, 2010 and August 31, 2009, the
allowance for doubtful accounts was $55,836.

ADVANCES TO VENDORS

Advances to vendors  consist of balances paid for materials for  construction of
classrooms  and related  teaching  facilities  that have not been provided to or
received  by the  Company.  Advances  to vendors are  reviewed  periodically  to
determine  whether  their  carrying  value  has  become  impaired.  The  Company
considers  the assets to be impaired if the  collectability  of the services and
materials become doubtful. Advances to vendors as of May 31, 2010 and August 31,
2009  amounted  to  $4,041,259  and  $2,375,364,  respectively.  The Company has
determined  that no reserve is necessary  for the nine months ended May 31, 2010
and 2009.

                                       9
<PAGE>
                            HQ GLOBAL EDUCATION INC.
                       (FORMERLY GREEN STAR MINING CORP.)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


Note 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

PROPERTY AND EQUIPMENT

Property and equipment are recorded at cost less  accumulated  depreciation  and
any impairment  losses. The cost of an asset comprises of its purchase price and
any directly  attributable  costs of bringing the asset to its working condition
and location for its intended use.  Expenditures incurred after the fixed assets
have been put into  operation,  such as repairs  and  maintenance  and  overhaul
costs,  is normally  charged to the profit and loss account in the year in which
it is incurred.

In situations  where it can be clearly  demonstrated  that the  expenditure  has
resulted in an increase in the future economic  benefit  expected to be obtained
from  the  use  of  the  asset  beyond  its  originally   assessed  standard  of
performances, the expenditure is capitalized as an additional cost of the asset.

Depreciation  is computed  using the  straight-line  method  over the  estimated
useful lives of the assets, less any estimated residual value.  Estimated useful
lives of the assets are as follows:

     Teaching and dormitory facilities                  10 - 30 years
     Educational equipments and books                   5 years
     Office equipments and other equipments             5 years
     Automobiles                                        5 years

Any gain or loss on disposal or retirement of a fixed asset is recognized in the
profit and loss account and is the difference between the net sales proceeds and
the carrying  amount of the relevant  asset.  When  property and  equipment  are
retired or otherwise  disposed of, the assets and accumulated  depreciation  are
removed  from the  accounts  and the  resulting  profit or loss is  reflected in
income.

                                       10
<PAGE>
                            HQ GLOBAL EDUCATION INC.
                       (FORMERLY GREEN STAR MINING CORP.)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


Note 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

CONSTRUCTION-IN-PROGRESS

The Company  constructs  certain of its property and  equipment.  In addition to
cost under the  construction  contracts,  external costs directly related to the
construction of such facilities,  including equipment  installation and shipping
costs, are  capitalized.  Depreciation is recorded at the time assets are placed
in service.

INTANGIBLE ASSETS

Intangible  assets are accounted for in  accordance  with the  provisions of ASC
350,  "Goodwill and Other Intangible  Assets".  Under ASC 350,  intangible asset
included in the carrying  value of  investments  accounted  for using the equity
method  of  accounting,  and  certain  other  intangible  assets  deemed to have
indefinite  useful lives are not amortized.  Indefinite-lived  intangible assets
are assessed for  impairment at least  annually  based on  comparisons  of their
respective  fair  values to their  carrying  values.  Intangible  assets  with a
defined useful life are amortized over their useful lives.

IMPAIRMENT OF LONG-LIVED ASSETS

In  accordance  with ASC 360,  "Accounting  for the  Impairment  or  Disposal of
Long-Lived Assets",  the Company is required to review its long-lived assets for
impairment  whenever  events  or  changes  in  circumstances  indicate  that the
carrying  amount  of an  asset  may not be  recoverable  through  the  estimated
undiscounted cash flows expected to result from the use and eventual disposition
of the assets.  Whenever any such impairment  exists, an impairment loss will be
recognized for the amount by which the carrying value exceeds the fair value.

The Company tests long-lived assets, including property, plant and equipment and
other assets,  for  recoverability at least annually or more frequently upon the
occurrence  of an event or when  circumstances  indicate  that the net  carrying
amount is greater than its fair value.  Assets are grouped and  evaluated at the
lowest level for their  identifiable cash flows that are largely  independent of
the cash  flows of other  groups of assets.  The  Company  considers  historical
performance  and  future  estimated  results  in  its  evaluation  of  potential
impairment  and then  compares  the  carrying  amount of the asset to the future
estimated cash flows expected to result

                                       11
<PAGE>
                            HQ GLOBAL EDUCATION INC.
                       (FORMERLY GREEN STAR MINING CORP.)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


Note 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

from the use of the asset. If the carrying amount of the asset exceeds estimated
expected  undiscounted  future cash flows,  the Company  measures  the amount of
impairment by comparing the carrying amount of the asset to its fair value.  The
estimation of fair value is generally  determined by using the asset's  expected
future  discounted cash flows or market value. The Company  estimates fair value
based on the information  available in making whatever estimates,  judgments and
projections  are  considered  necessary.  There was no  impairment of long-lived
assets during the nine months ended May 31, 2010 and 2009.

UNEARNED REVENUES

Unearned  revenues  represent  amounts  received  from  students for tuition and
service  fee  relating  to the  outside-school  practice  service.  The  Company
recognizes  these  funds  as a  current  liability  until  the  revenue  can  be
recognized. The balance of unearned revenues is not refundable.

REVENUE RECOGNITION

The Company's  revenue  policies are in compliance with the provision of ASC 605
"Revenue  Recognition".  The  Company  recognizes  revenue  when  the  following
criteria are met: (i)  persuasive  evidence of an arrangement  exists,  (ii) the
services have been rendered,  (iii) the fees are fixed or determinable  and (iv)
collection of the resulting receivable is reasonably assured.

Details are as follows:

     (a)  Tuition  revenue  received  for  educational  programs and services is
          recognized  proportionately  according  to the  progress  the students
          complete regarding educational programs in the school. Tuition paid in
          advance is recorded as unearned revenues.
     (b)  The Company provides  off-campus  internship  arrangement for students
          and collects  service charges at fixed amount from both recruiters and
          students.  Revenue is recognized  upon  completion  of the  internship
          program.
     (c)  The Company  provides  other  services  mainly  logistic  services for
          students  and the  revenue  from  such  services  is  recognized  upon
          completion of the service.

                                       12
<PAGE>
                            HQ GLOBAL EDUCATION INC.
                       (FORMERLY GREEN STAR MINING CORP.)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


Note 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

INCOME TAXES

The Company  accounts  for income  taxes using an asset and  liability  approach
which allows for the  recognition  and  measurement of deferred tax assets based
upon the likelihood of  realization  of tax benefits in future years.  Under the
asset  and  liability  approach,  deferred  taxes are  provided  for the net tax
effects of  temporary  differences  between the  carrying  amounts of assets and
liabilities for financial reporting purposes and the amounts used for income tax
purposes.  A valuation  allowance  is provided  for deferred tax assets if it is
more likely than not these items will either  expire  before the Company is able
to realize their benefits, or that future deductibility is uncertain.

The Company records a valuation allowance for deferred tax assets, if any, based
on its  estimates  of its  future  taxable  income  as well as its tax  planning
strategies when it is more likely than not that a portion or all of its deferred
tax assets will not be  realized.  If the Company is able to utilize more of its
deferred tax assets than the net amount previously  recorded when  unanticipated
events occur,  an adjustment to deferred tax assets would increase the Company's
net income when those events occur.  The Company had no deferred tax items as of
May 31, 2010 and August 31, 2009.

SELLING, GENERAL AND ADMINISTRATIVE COSTS

Selling,  general and  administrative  costs  consist  primarily of salaries and
commissions for sales representatives,  salaries for administrative staffs, rent
expenses, depreciation expense and employee benefits for administrative staffs.

COMPREHENSIVE INCOME

ASC  220,  "Comprehensive  Income"  requires  disclosure  of all  components  of
comprehensive  income and loss on an annual  and  interim  basis.  Comprehensive
income and loss is  defined  as the  change in equity of a  business  enterprise
during a period  from  transactions  and other  events  and  circumstances  from
non-owner sources. Accumulated other comprehensive income arose from the changes
in foreign currency exchange rates.

                                       13
<PAGE>
                            HQ GLOBAL EDUCATION INC.
                       (FORMERLY GREEN STAR MINING CORP.)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


Note 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

STATEMENT OF CASH FLOWS

In  accordance  with ASC 230,  "Statement  of Cash  Flows,"  cash flows from the
Company's operations is calculated based upon the local currencies. As a result,
amounts  related to assets and  liabilities  reported on the  statements of cash
flows will not necessarily agree with changes in the  corresponding  balances on
the balance sheets.

FAIR VALUE OF FINANCIAL INSTRUMENTS

The Company's financial instruments include cash and cash equivalents,  accounts
receivable, advances to suppliers, other receivables,  accounts payable, accrued
expenses,  taxes payable, notes payable and other loans payable.  Management has
estimated that the fair value of these financial  instruments  approximate their
carrying amounts due to the short-term nature. The fair value of long-term loans
also  approximate  their recorded value because the interest rates charged under
the loan terms are not substantially different than current interest rates..

EARNINGS PER SHARE

The Company  computes  earnings per share  ("EPS') in  accordance  with ASC 260,
"Earnings Per Share",  which requires  companies with complex capital structures
to present basic and diluted EPS. Basic EPS is measured as net income divided by
the weighted  average common shares  outstanding for the period.  Diluted EPS is
similar to basic EPS but presents  the  dilutive  effect on a per share basis of
potential common shares (e.g., convertible securities,  options and warrants) as
if they had  been  converted  at the  beginning  of the  periods  presented,  or
issuance  date, if later.  Potential  common  shares that have an  anti-dilutive
effect (i.e.,  those that increase  income per share or decrease loss per share)
are excluded from the calculation of diluted EPS.

                                       14
<PAGE>
                            HQ GLOBAL EDUCATION INC.
                       (FORMERLY GREEN STAR MINING CORP.)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


Note 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

FOREIGN CURRENCY TRANSLATION

The Company's condensed  consolidated  financial  information is presented in US
dollars.  In accordance with ASC 830,  "Foreign Currency  Matters",  an entity's
functional currency is the currency of the primary economic environment in which
the entity operates;  normally, that is the currency of the environment in which
an  entity  primarily  generates  and  expends  cash.  Since  substantially  all
operations of the Company are conducted in the PRC, the  functional  currency of
the Company is Renminbi  ("RMB"),  the currency of the PRC.  Transactions at the
Company which are  denominated in currencies  other than RMB are translated into
RMB at the exchange rate quoted by the People's Bank of China  prevailing at the
dates of the transactions. Exchange gains and losses resulting from transactions
denominated  in a currency  other than that RMB are  included in  statements  of
operations as exchange gains. The condensed consolidated financial statements of
the Company have been translated  into U.S.  dollars in accordance with ASC 830,
"Foreign Currency Matters".  The financial  information is first prepared in RMB
and then is  translated  into U.S.  dollars at period-end  exchange  rates as to
assets and  liabilities  and average  exchange rates as to revenue and expenses.
Capital  accounts are  translated at their  historical  exchange  rates when the
capital  transactions  occurred.  The  effects of foreign  currency  translation
adjustments  are  included as a component  of  accumulated  other  comprehensive
income in shareholders' equity.

                                   May 31, 2010   August 31, 2009   May 31, 2009
                                   ------------   ---------------   ------------

Period end RMB: US$ exchange rate      6.8279          6.8306           6.8281
Average RMB: US$ exchange rate         6.8266          6.8343           6.8309

The RMB is not freely convertible into foreign currency and all foreign exchange
transactions must take place through authorized institutions.  No representation
is made that the RMB amounts  could have been,  or could be,  converted  into US
dollars at the rates used in translation.

CONCENTRATION OF CREDIT RISK

Financial  instruments that potentially  subject the Company to concentration of
credit risk consist primarily of accounts receivable and other receivables.  The
Company  does  not  require  collateral  or  other  security  to  support  these
receivables.  The Company conducts  periodic  reviews of its clients'  financial
condition and customer payment practices to minimize collection risk on accounts
receivable.

                                       15
<PAGE>
                            HQ GLOBAL EDUCATION INC.
                       (FORMERLY GREEN STAR MINING CORP.)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


Note 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

ADVERTISING

Advertising is expensed as incurred. Advertising expenses which were included in
selling expenses amounted to $11,743,  $7,168, $19,274 and $78,460 for the three
months  ended May 31, 2010 and 2009,  and for the nine months ended May 31, 2010
and 2009, respectively.

OPERATING LEASES

Leases  where  substantially  all the rewards and risks of  ownership  of assets
remain with the lesser are accounted for as operating  leases.  Rental  payables
under operating  lease are recognized as expense on a  straight-line  basis over
the lease term.

RISKS AND UNCERTAINTIES

The operations of the Company are located in the PRC. Accordingly, the Company's
business,  financial  condition,  and results of operations may be influenced by
the political,  economic,  and legal  environments in the PRC, as well as by the
general state of the PRC economy.

The Company's  operations in the PRC are subject to special  considerations  and
significant  risks not typically  associated with companies in North America and
Western  Europe.   These  include  risks  associated  with,  among  others,  the
political,  economic and legal  environment and foreign currency  exchange.  The
Company's  results may be  adversely  affected by changes in the  political  and
social  conditions  in the PRC,  and by changes in  governmental  policies  with
respect  to  laws  and   regulations,   anti-inflationary   measures,   currency
conversion,  remittances abroad, and rates and methods of taxation,  among other
things.

                                       16
<PAGE>
                            HQ GLOBAL EDUCATION INC.
                       (FORMERLY GREEN STAR MINING CORP.)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


Note 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

RECENT ACCOUNTING PRONOUNCEMENTS

In January 2010, FASB amended ASC 820 Disclosures about Fair Value Measurements.
This update provides  amendments to Subtopic 820-10 that requires new disclosure
as follows: 1) Transfers in and out of Levels 1 and 2. A reporting entity should
disclose  separately the amounts of significant  transfers in and out of Level 1
and Level 2 fair value  measurements and describe the reasons for the transfers.
2) Activity in Level 3 fair value  measurements.  In the reconciliation for fair
value measurements using significant  unobservable inputs (Level 3), a reporting
entity should present separately information about purchases,  sales, issuances,
and settlements  (that is, on a gross basis rather than as one net number).  The
new disclosures  and  clarifications  of existing  disclosures are effective for
interim and annual reporting  periods  beginning after December 15, 2009, except
for the disclosures about purchases,  sales,  issuances,  and settlements in the
roll forward of activity in Level 3 fair value  measurements.  Those disclosures
are  effective  for fiscal years  beginning  after  December  15, 2010,  and for
interim  periods  within  those fiscal  years.  The Company has  determined  the
adoption  of  this  rule  does  not  have a  material  impact  on its  condensed
consolidated financial statements.

                                       17
<PAGE>
                            HQ GLOBAL EDUCATION INC.
                       (FORMERLY GREEN STAR MINING CORP.)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


Note 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

In January 2010, FASB amended  Accounting for Distributions to Shareholders with
Components of Stock and Cash.  The  amendments  in this Update  clarify that the
stock portion of a  distribution  to  shareholders  that allows them to elect to
receive  cash or stock with a potential  limitation  on the total amount of cash
that all  shareholders  can elect to receive in the  aggregate  is  considered a
share  issuance  that  is  reflected  in EPS  prospectively  and is not a  stock
dividend  for  purposes of applying  Topics 505 and 260 (Equity and Earnings Per
Share).  The  amendments  in this  update are  effective  for interim and annual
periods  ending on or after  December  15,  2009,  and  should be  applied  on a
retrospective  basis.  The Company  does not expect the adoption of this rule to
have a material impact on its condensed consolidated financial statements.

Note 3. INVENTORY

Inventory consists of the following:

                                               As of                 As of
                                              May 31,              August 31,
                                               2010                   2009
                                            ----------             ----------
                                            (Unaudited)

Course materials                            $   11,336             $   45,525
Logistic supplies                               90,046                364,122
Office supplies                                 44,193                202,362
Other materials and supplies                   118,003                176,316
Textbooks                                       68,611                716,439
                                            ----------             ----------

Total                                       $  332,189             $1,504,764
                                            ==========             ==========

Note 4. RELATED PARTY TRANSACTIONS

As of August 31, 2009, the balance of due from related party represents loans to
Shenzhen  Linghai  International  Cargo  Agent Co.,  Ltd  ("Shenzhen  Linghai").
Shenzhen Linghai is owned by Ms. Zhong Juanjuan,  sister of Ms. Zhong Yabin, 10%
shareholder  of Oya.  The loan is  unsecured,  interest  free and  repayable  on
demand. The loan was fully repaid as of May 31, 2010.

                                       18
<PAGE>
                            HQ GLOBAL EDUCATION INC.
                       (FORMERLY GREEN STAR MINING CORP.)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


Note 4. RELATED PARTY TRANSACTIONS (Continued)

As of May 31, 2010, the balance due to shareholder represents a loan from Mr. He
Guangwen,  majority shareholder of the Company. The loan is unsecured,  bears no
interest, with term of two years and is repayable on February 28, 2012.

Note 5. PROPERTY AND EQUIPMENT, NET

Property and equipment consist of the following:

                                                As of                  As of
                                               May 31,               August 31,
                                                2010                   2009
                                            ------------           ------------
                                            (Unaudited)

Teaching and dormitory facilities           $ 12,247,648           $ 10,288,401
Educational equipments and books               3,682,117              4,068,173
Office equipments and other equipments         3,876,948              2,235,171
Automobiles                                      286,009                269,211
                                            ------------           ------------
        Sub-total                             20,092,722             16,860,956
Less: accumulated depreciation                (5,479,061)            (5,165,936)

Add: Construction in progress                  3,572,247              3,167,570
                                            ------------           ------------

                                            $ 18,185,908           $ 14,862,590
                                            ============           ============

For the nine  months  ended  May 31,  2010,  a total  amount of  $1,894,664  was
completed  and  transferred  from  construction  in  progress  to  teaching  and
dormitory facilities.

Depreciation  expense  for the  nine  months  ended  May 31,  2010  and 2009 was
$1,392,342 and $1,174,573,  respectively  and for the three months ended May 31,
2010 and 2009 was $503,047 and $430,413, respectively.

Note 6. INTANGIBLE ASSETS, NET

As of May 31, 2010 and August 31, 2009,  intangible  assets are land use rights,
which  are  recorded  at cost less  accumulated  amortization.  Amortization  is
provided on a  straight-line  basis over the estimated  useful  lives,  which is
generally 50 years and represents the shorter of the estimated  usage periods or
the terms of the agreements. The details of land use rights are as follows:

                                       19
<PAGE>
                            HQ GLOBAL EDUCATION INC.
                       (FORMERLY GREEN STAR MINING CORP.)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


Note 6. INTANGIBLE ASSETS, NET (Continued)

                                                As of                 As of
                                               May 31,              August 31,
                                                2010                  2009
                                             ----------            ----------
                                             (Unaudited)

Land use rights                              $1,122,423            $  561,926
Less: accumulated amortization                 (101,645)              (84,587)
                                             ----------            ----------

Land use rights, net                         $1,020,777            $  477,339
                                             ==========            ==========

Amortization  expenses for the land use rights totaled $5,676,  $2,858,  $17,026
and $8,570 for the three  months  ended May 31, 2010 and 2009,  and for the nine
months ended May 31, 2010 and 2009, respectively.

Note 7. SHORT-TERM LOANS

As at August 31,  2009,  the  short-term  borrowings  consisted  of two loans of
$292,916 (RMB 2,000,000) and $439, 374 (RMB 3,000,000) from Changsha  Foundation
for Education. The two loans were unsecured and bore an interest at 5% per annum
and are  repayable  on March  17,  2010 and July  31,  2010,  respectively.  The
$292,916 loan was extended with the new maturity date on March 17, 2011.

As of May 31,  2010,  in  addition  to the loans  mentioned  above,  the Company
entered into two new short-term loans  agreements.  One loan in the aggregate of
approximately  $285,592  (RMB1,950,000) was borrowed from Ningxiang Rural Credit
Cooperative Union. The loan bears an interest rate of 8.50% per annum and is due
on December 13, 2010. It was secured by a land use right of the Company with the
cost of $432,073. Another loan amounted to approximately $292,916 (RMB2,000,000)
was borrowed from China  Construction  Bank Shaoshan  Branch,  at an interest of
5.841%  per annum and is due on March 23,  2011.  It was  secured  by a land use
right of the Company with the cost of $560,276.

                                       20
<PAGE>
                            HQ GLOBAL EDUCATION INC.
                       (FORMERLY GREEN STAR MINING CORP.)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


Note 8. LONG-TERM LOANS

The details of long-term loans outstanding as at May 31, 2010 are as follows:

<TABLE>
<CAPTION>
                                                                                Interest
            Lender                                        Term                   rate           Principal
-------------------------------------------    ----------------------------     -------  ------------------------
                                                   From             To                      RMB            US$
                                               ------------    ------------              ---------      ---------
<S>                                            <C>            <C>               <C>     <C>              <C>
LONG-TERM LOAN - CURRENT PORTION
  Changsha Foundation for Education            Jul 31, 2008    Jul 18, 2010      0.00%     500,000         73,249
                                                                                         ---------      ---------
                                                                                           500,000         73,249
LONG-TERM LOAN - NON-CURRENT PORTION
  Ningxiang Rural Credit Cooperative Union     Sep 1, 2009     Aug 21, 2011      8.64%   1,600,000        234,333
  Ningxiang Rural Credit Cooperative Union     Nov 25, 2008    Nov 13, 2011     10.80%   1,350,000        197,718
  Ningxiang Rural Credit Cooperative Union     Nov 25, 2008    Nov 23, 2011     10.80%   1,400,000        205,041
                                                                                         ---------      ---------
                                                                                         4,350,000        637,092
</TABLE>

The details of long-term loans outstanding as at August 31, 2009 are as follows:

<TABLE>
<CAPTION>
                                                                                Interest
            Lender                                        Term                   rate           Principal
-------------------------------------------    ----------------------------     -------  ------------------------
                                                   From             To                      RMB            US$
                                               ------------    ------------              ---------      ---------
<S>                                            <C>            <C>               <C>     <C>              <C>
LONG-TERM LOAN - CURRENT PORTION
  Ningxiang Rural Credit Cooperative Union     May 30, 2009    May 30, 2010     10.80%   2,000,000        292,801
  Ningxiang Rural Credit Cooperative Union     Dec 28, 2007    Dec 28, 2009     12.10%   1,800,000        263,521
  Changsha Foundation for Education            July 31, 2008   July 18, 2010     0.00%     500,000         73,200
                                                                                         ---------      ---------
                                                                                         4,300,000        629,522
LONG-TERM LOAN - NON-CURRENT PORTION
  Ningxiang Rural Credit Cooperative Union     Nov 25, 2008    Nov 13, 2011     10.80%   1,350,000        197,641
  Ningxiang Rural Credit Cooperative Union     Nov 25, 2008    Nov 23, 2011     10.80%   1,400,000        204,960
                                                                                         ---------      ---------
                                                                                         2,750,000        402,601
</TABLE>

The  loans  borrowed  from  Ningxiang  rural  Credit   Cooperative   Union  were
collateralized  by the buildings with an aggregate cost of $743,249 and land use
rights  with an  aggregate  cost of  $46,640.  The $73,200  loan  borrowed  from
Changsha  Foundation  for  Education  was  unsecured  and bore no interest.  The
$292,801  and 263,521  loans were repaid in September  2009 and  December  2009,
respectively.  For the three  months  ended May 31,  2010 and 2009,  the Company
incurred $38,171 and $32,134 interest for the above loans respectively,  and for
the nine months ended May 31, 2010 and 2009,  the Company  incurred  $91,724 and
$96,237 interest for the above loans, respectively.

                                       21
<PAGE>
                            HQ GLOBAL EDUCATION INC.
                       (FORMERLY GREEN STAR MINING CORP.)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


Note 9.  OTHER PAYABLES AND ACCRUED LIABILITIES

As of May 31, 2010 and August 31, 2009,  other payables and accrued  liabilities
are as follow:

                                                 As of                As of
                                                May 31,             August 31,
                                                 2010                 2009
                                              ----------           ----------

Staff welfare payable                         $1,139,940           $  836,434
Others                                           513,448               66,291
                                              ----------           ----------

Total                                         $1,653,388           $  902,725
                                              ==========           ==========

Note 10. TAXES

(A) CORPORATION INCOME TAX ("CIT") AND BUSINESS TAX

The Company is governed by the Income Tax Law of the People's  Republic of China
concerning the private-run enterprises,  which are generally subject to tax at a
statutory rate of 25% on income reported in the statutory  financial  statements
after  appropriate  tax  adjustments.  The  applicable  business  tax  rate  for
educational service is currently 5%.

The PRC government also provides various  incentives to companies that engage in
the development of vocational  education.  Such  incentives  include reduced tax
rates,  tax  exemptions  and other  measures.  According  to Law of the People's
Republic  of China on  Promotion  of  Privately-run  Schools,  implemented  from
September  1,  2003,  and the  Notice of Tax  Policy  for  Education  Activities
(Caishui  [2004] No.39),  issued and became  effective on February 5, 2004, some
specific  enterprises,  organizations  and  schools  could  enjoy  the  same tax
incentives  as the  schools  run by the  government,  and could be  exempt  from
business tax and income tax accordingly. As long as the operation of the Company
meets  the  requirements  of the  regulations  aforementioned,  the  Company  is
therefore exempt from business tax and income tax.

No  income  tax and  business  tax were  provided  for the  reporting  period in
accordance with the regulations of the relevant taxing authorities.

                                       22
<PAGE>
                            HQ GLOBAL EDUCATION INC.
                       (FORMERLY GREEN STAR MINING CORP.)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


Note 10. TAXES (Continued)

(B) TAX PAYABLE

The  Company's  tax payable  represents  the  unremitted  individual  income tax
withheld on behalf of the employees. As of May 31, 2010 and August 31, 2009, the
tax payable amounted to $51,771 and $20,580, respectively.

Note 11. SHAREHOLDERS' EQUITY

(A) COMMON STOCK

HQ Global Education Inc. ("the Company"),  formerly Green Star Mining Corp., was
incorporated  under the laws of the State of Delaware on January 22, 2008,  with
100,000,000 shares of common stock authorized at par value of US$0.0001.

On January 25, 2008,  the Company  issued a total of 1,500,000  shares of common
stock to Nan E.  Weaver for cash in the amount of $0.01 per share for a total of
$15,000.

On July 22, 2008 the Company issued a total of 1,000,000  shares of common stock
to  individuals  for cash in the  amount  of  $0.025  per share for a total of $
25,000.

On November 23, 2009, the Company  approved a 5-for-1 forward stock split of all
issued and  outstanding  shares of common stock of the Company.  On November 25,
2009,  the  Financial  Industry  Regulatory  Authority  ("FINRA")  approved  the
Company's application for forward stock split applicant. As a result,  effective
on December 7, 2009 and prior to the Share  Exchange  consummated on February 8,
2010,  the Company had a total of  12,500,000  shares of common stock issued and
outstanding.

                                       23
<PAGE>
                            HQ GLOBAL EDUCATION INC.
                       (FORMERLY GREEN STAR MINING CORP.)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


Note 11. SHAREHOLDERS' EQUITY (Continued)

On February 8, 2010, the Company  entered into a share  exchange  agreement with
Risetime and its sole shareholder,  Nicestar International Ltd. ("Nicestar"),  a
British Virgin Islands company.  Pursuant to the Share Exchange  Agreement,  the
Company  issued  20,500,000  shares of its common  stock,  par value $0.0001 per
share, to Nicestar,  representing 62.12% of the Company's issued and outstanding
common stock, in exchange for all of the outstanding  shares of Risetime held by
Nicestar.  Immediately  after this share  exchange,  the Company had  33,000,000
shares of common stock issued and outstanding.

As of May 31, 2010 and August 31,  2009,  there was  33,000,000  and  20,500,000
share of common stock issued and outstanding, respectively.

(B) PREFERRED STOCK

On  December  31,  2009,  the  Board  of  Directors  of the  Company  authorized
40,000,000  shares of preferred stock at par value of $0.001. As of May 31, 2010
and  August  31,  2009,  there was zero  share of  preferred  stock  issued  and
outstanding.

(C) STATUTORY RESERVE

According to Law of the People's Republic of China on Promotion of Privately-run
Schools,  implemented  from  September  1, 2003,  the  Company  and the  related
subsidiaries  are  required  to set  aside at least 25% of their  after-tax  net
profits  each  year,  if any,  to fund the  statutory  reserves  for the  future
development  of  educational   activities.   The  statutory   reserves  are  not
distributable in the form of cash dividends to the shareholders.

For the  nine  months  ended  May 31,  2010  and  2009,  the  Company  has  made
appropriations  in the amount of $2,930,914  and  $2,430,253  to this  statutory
reserve,  respectively.  As of May 31, 2010 and August 31, 2009, the balances of
the statutory reserve were $9,877,685 and $6,946,771, respectively.

                                       24
<PAGE>
                            HQ GLOBAL EDUCATION INC.
                       (FORMERLY GREEN STAR MINING CORP.)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


NOTE 12. WEIGHTED AVERAGE NUMBER OF SHARES

In February 2010, the Company  entered into a share exchange  transaction  which
has been  accounted  for as a  reverse  merger  under  the  purchase  method  of
accounting  since there has been a change of control.  The Company  computes the
weighted-average number of common shares outstanding in accordance with ASC 805,
Business  Combinations,  which states that in calculating  the weighted  average
shares when a reverse  merger takes place in the middle of the year,  the number
of  common  shares  outstanding  from  the  beginning  of  that  period  to  the
acquisition date shall be computed on the basis of the  weighted-average  number
of common shares of the legal  acquiree (the  accounting  acquirer)  outstanding
during the period  multiplied by the exchange  ratio  established  in the merger
agreement.  The number of common shares outstanding from the acquisition date to
the end of that period shall be the actual  number of common shares of the legal
acquirer (the accounting acquiree) outstanding during that period.

Note 13. COMMITMENTS

(A) OPERATING LEASES

The  commitments  are  primarily  the rental for the campus of Shaoshan  Huanqiu
Vocational  Technical  Secondary  School,  a VIE of Oya,  and for the  Company's
office space and warehouse. Lease periods varied from 14 months to 10 years with
earliest  expiration  date of December  31, 2010 and latest  expiration  date of
September 18, 2019.  As of May 31, 2010,  the  commitments  related to the above
rental are as follows:

For years end August 31,                RMB                 US$
------------------------            ----------          ----------

    2010                            $  251,290          $   36,803
    2011                               967,682             141,764
    2012                               944,687             138,395
    2013                             1,008,109             147,686
    2014                             1,075,844             157,609
    Thereafter                         898,895             131,687
                                    ----------          ----------

      Total                         $5,146,507          $  753,944
                                    ==========          ==========

                                       25
<PAGE>
                            HQ GLOBAL EDUCATION INC.
                       (FORMERLY GREEN STAR MINING CORP.)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


Note 13. COMMITMENTS (Continued)

(b) Capital commitments

In exchange for  obtaining the approval to provide  educational  services in the
schools of Hunan  Province  and Sichuan  Province in the PRC,  the Company  have
commitments with the local governments to spend a total amount of Rmb122,800,000
($17,987,060) for the expansion of those schools during the company's  operating
periods within them. The operating  periods varied from 15 years to 20 years for
different schools and with the earliest expiration date of July 15, 2021 and the
latest  expiration  date of June 30,  2029.  As of May 31,  2010,  Rmb30,792,311
($4,510,260)  was  incurred   regarding  these   commitments.   The  outstanding
Rmb92,007,690  ($13,476,800)  is for the remaining  contract  periods  should be
incurred according to the following schedule:

By December 31,                       RMB                 US$
---------------                   -----------         -----------

    2010                          $15,400,000         $ 2,255,732
    2011                           21,104,990           3,091,341
    2012                              800,000             117,180
    2013                              800,000             117,180
    2014                              800,000             117,180
    Thereafter                     53,102,700           7,778,187
                                  -----------         -----------

      Total                       $92,007,690         $13,476,800
                                  ===========         ===========

Note 14. OTHER EVENTS

On May 10, 2010, Oya entered into an exclusive  business  cooperation  agreement
with Tianzhen No.2  Secondary  School in Shanxi  Province  ("Tianzhen  School").
Pursuant to the agreement,  Oya provides exclusive  consulting and other general
business  operation  services to Tianzhen  School  during the 20-year  operation
period in exchange for all net income of Tianzhen  School.  Oya has the right to
appoint all senior management personnel of Tianzhen School.

On May 27, 2010, Oya entered into an exclusive  business  cooperation  agreement
with Dongying Shengli Maritime School in Shandong Province  ("Dongying  Maritime
School").  The agreement became effective on June 12, 2010 and will be valid for
ten years.  Pursuant to the  agreement,  Oya provides  exclusive  consulting and
other  general  business  operation  services  to  Dongying  Maritime  School in
exchange for 80% of net income of Dongying Maritime School.

The Company has not started any  activity of  operation  in Tianzhen  School and
Dongying  Maritime School,  and there is no revenue and expenses  incurred up to
May 31, 2010,  therefore the events have no effect on the financial  information
disclosed.

                                       26
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS

     Certain statements in Management's Discussion and Analysis ("MD&A"),  other
than purely historical information, including estimates, projections, statements
relating to our business plans, objectives,  and expected operating results, and
the  assumptions  upon which those  statements are based,  are  "forward-looking
statements" within the meaning of the Private  Securities  Litigation Reform Act
of 1995,  Section  27A of the  Securities  Act of 1933,  and  Section 21E of the
Securities Exchange Act of 1934. These forward-looking  statements generally are
identified by the words "believe," "project," "expect," "anticipate,""estimate,"
"intend,"  "strategy," "plan," "may," "should," "will," "would,""will be," "will
continue,"  "will  likely  result,"  and  similar  expressions.  Forward-looking
statements are based on current expectations and assumptions that are subject to
risks and  uncertainties,  which may cause actual  results to differ  materially
from  the  forward-looking  statements.  A  detailed  discussion  of  risks  and
uncertainties  that could cause actual  results and events to differ  materially
from such forward-looking statements is included in this report or other reports
or documents we file with the  Securities and Exchange  Commission  from time to
time.   We  undertake   no   obligation   to  update  or  revise   publicly  any
forward-looking  statements,  whether  as a result  of new  information,  future
events, or otherwise.  The condensed consolidated financial statements and notes
should be read in conjunction  with the  consolidated  financial  statements and
notes  thereto  included  in our  Current  Report  on Form  8-K  filed  with the
Securities and Exchange Commission on February 12, 2010.

OVERVIEW

     HQ Global Education Inc. (the "Company",  "we", or "us"), formerly known as
Green  Star  Mining  Corp.,  was  incorporated  under  the laws of the  State of
Delaware on January 22, 2008.  Currently,  the Company's common stock is trading
on the OTC ("Over-the Counter") Bulletin Board under the ticker HQGE.OB.

     We provide  vocational  education  and  vocational  training  services to a
varied student  population  throughout  China.  As further  described  below, we
generate  revenue  from  tuition,  school  logistics  services,  and  off-campus
internship management fees.

OUR HISTORY AND CORPORATE STRUCTURE

     On February 11, 2010, we completed a reverse merger ("Reverse Acquisition")
by acquiring  all of the  outstanding  capital  stock of Risetime  Group Limited
("Risetime"),  a company  incorporated in the British Virgin Islands on December
17, 2007.  In  connection  with the Reverse  Acquisition,  we issued  20,500,000
shares of common stock to the sole  shareholder  of Risetime in exchange for all
of the capital stock of Risetime.  Upon the  completion of Reverse  Acquisition,
the  shareholders  of  Risetime  own  approximately  62.12%  of the  issued  and
outstanding  capital stock of the Company and consequently  control the business
and operations of the Company.  The Reverse  Acquisition  was accounted for as a
reverse merger under the purchase method of accounting  since there was a change
of control.  Accordingly,  Risetime and its subsidiaries  will be treated as the
continuing entity for accounting purposes.

     Risetime,   through  its  wholly   owned   subsidiary,   Global   Education
International  Ltd. ("GEI"),  a holding company  incorporated in Hong Kong, owns
100% of the  equity  of  Xiangtan  Nicestar  Business  Administration  Co,  Ltd.
("Xiangtan  Nicestar").  Xiangtan Nicestar is a wholly foreign owned  enterprise
(WFOE)  formed in Xiangtan  City,  Hunan  Province,  People's  Republic of China
("PRC") on September 30, 2009.

     Due  to  restrictions  on  the  foreign   ownership  of  certain  education
businesses,  we conduct  our  business  through  arrangements  with our  Chinese
subsidiaries,  as well as our  variable  interest  entities  ("VIEs").  Xiangtan
Nicestar  has a series of  contractual  arrangements  with  Hunan Oya  Education
Technology Co., Ltd. ("Oya") and Oya has similar  contractual  arrangements with
its VIEs. We direct these VIEs business affairs and receive substantially all of
their  net  income  through  our  contractual  arrangements.  We  believe  these
contractual  arrangements give us effective control over the business of Oya and
its VIE entities.

     Our current Chinese VIEs are:

     Hunan Oya Education  Technology Co., Ltd.("Oya") Pursuant to the agreements
between Xiangtan  Nicestar and Oya and its shareholders,  we exercise  effective
control  over Oya,  and  receive all the  revenue  from Oya in exchange  for the
consulting  and  management  services  provided by Xiangtan  Nicestar.  Xiangtan
Nicestar  also has an  exclusive  option to  purchase  all or part of the equity
interests in Oya to the extent permitted by PRC laws.

                                       27
<PAGE>
     Changsha Huanqiu Vocational Secondary School ("Changsha Huanqiu"). Pursuant
to the  agreements  between Oya and Changsha  Huanqiu and its  shareholders,  we
provide  consulting and other general  business  operation  services to Changsha
Huanqiu on an exclusive  basis in exchange for  substantially  all net income of
Changsha  Huanqiu.  We also have the right to appoint all senior  management  of
Changsha Huanqiu.

     Shaoshan Huanqiu Vocational Technical Secondary School ("Shaoshan Huanqiu")
Pursuant  to  the   agreements   between  Oya  and  Shaoshan   Huanqiu  and  its
shareholders,  we  provides  consulting  and other  general  business  operation
services to Shaoshan Huanqiu on an exclusive basis in exchange for substantially
all net income of Shaoshan Huanqiu. We also have the right to appoint all senior
management of Shaoshan Huanqiu.

OUR BUSINESS

     As of May 31,  2010,  we operate  nine (9) schools and have an aggregate of
2,864  faculty  members  and 34,477  students.  The nine  schools we operate are
Changsha Huanqiu in Hunan Province, Shaoshan Huanqiu in Hunan Province, Shaoshan
Vocational  Secondary School in Hunan Province,  Yingjing  Vocational  School in
Sichuan  Province,  Tianquan  Vocational  School in  Sichuan  Province,  Shimian
Vocational  School in  Sichuan  Province,  Lushan  Vocational  School in Sichuan
Province and Shaoyang Industrial  Vocational  Technical School in Hunan Province
and Tianzhen No.2 Secondary School in Shanxi  Province.  We own Changsha Huanqiu
and Shaoshan  Huanqiu.  We operate the  remaining  seven  schools via  exclusive
business  cooperation  agreements,  pursuant  to which we operate the schools by
utilizing  the schools'  facilities  and fixed  assets,  manage the teachers and
place the graduates to enterprise  clients and in return we are entitled to 100%
of the net income from these schools. We established  cooperation  relationships
with  approximately  120  enterprise  clients to which we place students for the
off-campus  internship  program and provide training to the clients'  employees.
For the nine months ended May 31, 2010,  the  employment  rate remained 100% for
the students who graduated from our vocational programs.

     On May  27,  2010,  we  entered  into  an  exclusive  business  cooperation
agreement with Dongying Shengli Maritime School in Shandong Province  ("Dongying
Maritime School") to launch full-scale maritime training services. The agreement
became  effective  on June 12, 2010 and will be valid for ten (10) years.  Under
the agreement,  we shall operate the school by utilizing the teaching facilities
and equipment and in return we are entitled to receive 80% of its net income.

ORDER-ORIENTED EDUCATION

     "Order-oriented  Education",  or customized  education,  was created by Mr.
Guangwen He, our Chief  Executive  Officer,  and  currently is our main business
model. Under Order-oriented Education, we enter into cooperative agreements with
enterprise  clients who place orders for  qualified  employees  with us. We then
recruit  students  and provide them with a  customized  curriculum  based on the
enterprise  client's needs and place  qualified  students in compliance with the
clients' specific  requirements.  We provide the  "order-oriented  education" or
"customized   education"  to  students   through  our  own  private  schools  or
cooperating with selected public or private schools in China.

     We divide our  teaching  calendar  into two  semesters  per year.  Our most
recent teaching  semester  lasted from March 1, 2010 to August 31, 2010.  During
this  semester,  we offered a total of around 60 programs under 17 categories to
34,477  students.  Revenue  generated  from the students'  tuition is recognized
proportionately within each semester.

     During  winter and summer  break,  off-campus  internships  are provided to
students.  Our teachers work as the team leaders for these students who are sent
to  different  enterprises  in  groups.  Such  on-site  practice  help  students
understand the business,  the production process,  management model and position
requirements.  As a result,  students are prepared for their  positions  without
further training once they are placed with the enterprise clients.

     We receive  commissions  from the  enterprise  clients for  placing  intern
students with them.  The amount of commission is based on the number of students
an enterprise client receives.  We also receive  management fees from the intern
students at a monthly fixed rate based on the duration of their internship. Such
revenue is recognized upon the completion of the internship arrangement.

     Upon graduation,  students are usually hired by the same enterprise  client
with which they interned. In such instances, we will receive placement fees from
the students. We also receive fees from enterprise clients at a fixed amount for
each student the clients hire.

                                       28
<PAGE>
SOURCE OF STUDENTS

     As of May 31, 2010, we have approximately 34,477 students from more than 22
provinces and 26  nationalities.  The enrolled  students include  graduates from
junior high schools,  senior high schools and junior colleges,  unemployed young
people and rural labor force.  There are two main source of recruitment,  public
schools and government subsidized students.

     We recruit  students  from public  schools where the students can choose to
enroll into our  schools  when they  graduate  from junior high school or senior
high school.  We select  students  who wish to enroll into our schools  based on
certain  criteria,  including  their  scores in the  provincial  exams and their
performance in the interview.

     We also have  government-subsidized  students enrolled in our schools under
the central  government's  "Rain-dew  Plan o Tengfei  Project".  On December 28,
2007,  the State  Council  Leading  Group's  Office of Poverty  Alleviation  and
Development  of PRC ("Poverty  Alleviation  Office")  launched  "Rain-dew Plan o
Take-off Project" (the "Project"). The Poverty Alleviation Office works with the
China Overseas Scholarship  Development Foundation in Hunan Province and several
other  provinces to enable the financially  burdened junior school  graduates to
receive  continuing  education.  Our  school  in  Changsha  has  been one of the
educational  program  providers  under the Project since the second  semester of
2008. The Project provides an important source of our students. During the first
year of the Project,  5,310 students were enrolled from 18 cities or areas.  The
number of students from the Project  increased to 11,673 in the second  semester
of 2010 and is expected to increase further in the coming years.  Students under
the Project are placed at enterprise  clients located in the Yangtze River Delta
and Pearl  River Delta after they finish the  one-to-three  year  vocational  or
technical  training  programs  in  our  schools.  Poverty  Alleviation  Office's
provincial  counterparts  provide full  subsidies for the students'  tuition and
miscellaneous  fees.  Students are  responsible  for their own living and travel
expenses.

ENTERPRISE CLIENTS

     As of May 31, 2010,  we have  established  cooperative  relationships  with
approximately 120 enterprises to place our students and/or make various training
courses available to their employees.  These employers are mainly located in the
economic centers of China, namely, Yangtze River Delta (ranging from Shanghai to
Nanjing,  Hangzhou, Wuxi, Ningbo and other coastal areas), the Pearl River Delta
(ranging  from  Shenzhen  to  Dongguan,  Guangzhou,  Huizhou,  Panyu,  Qingyuan,
Shaoguan and other  coastal  areas) . Our top  enterprise  clients  include Fuji
Xerox Technology (Shenzhen) Co., Ltd.,  Flextronics (Zhuhai) Co., Ltd., Dongguan
Master Electronics Co., Ltd., Huizhou Manley Toys Limited, and Shanghai Inventec
Co., Ltd.

BUSINESS STRATEGY

     Under economic  globalization,  enterprises  in China are expanding  faster
than ever and this has  resulted  in a serious  shortage  of skilled  personnel.
According  to the  National  Guideline  on  Medium  and  Long-Term  Program  for
Education Reform and Development 2010-2020 issued by the Central Government, the
number of secondary vocational students is expected to reach 22.5 million by the
end of 2015  and  23.5  million  by the end of 2020.  Management  believes  this
provides favorable opportunities for the development of our business.

     For the  following  twelve  months,  HQ Global  will  continue  to grow its
business to provide vocational training and desirable job opportunities for more
students. Our business development plan is as follows

     *    Under  the  Order-oriented  Education  mode,  we  expect  to build new
          teaching  facilities  in our  existing  schools  so as to  expand  the
          capacity  of  student  enrollment.  Meanwhile,  we  are  expecting  to
          cooperate  with 2-4  vocational or technical  schools in the financial
          year  2011,  and with 10-12  vocational  or  technical  schools in the
          coming five years in the inland  provinces,  such as Yunnan  Province,
          Liaoning Province, Guangxi Province, Guizhou Province, Anhui Province,
          Hunan  Province  and so on, in addition to the ten schools  (including
          Dongying Shengli Maritime School in Shandong Province which we started
          in this June) we operate currently.
     *    We plan to cooperate with more maritime schools in Fujian Province and
          Qingdao  City in  Shandong  Province  to  reinforce  the  training  of
          maritime talents.
     *    We plan to establish cooperative  relationships  with more enterprises
          and actively promote the Order-oriented Education mode.
     *    We will further  develop our program and  curriculum  to be offered to
          different   types  of  students   including  high  school   graduates,
          unemployed young people, enterprise employees and rural labor force.
     *    We  will  launch  the  "Online  Education"  where  we  provide  remote
          education  program via  dedicated  Internet  platform and  "Continuing
          Education" where we provide continuing education to employed people.

                                       29
<PAGE>
CRITICAL ACCOUNTING POLICIES AND MANAGEMENT ESTIMATES

     The  discussion  and  analysis of our  financial  condition  and results of
operations are based upon our condensed consolidated financial statements, which
have been prepared in accordance with accounting  principles  generally accepted
in the United States. The preparation of these financial  statements requires us
to make  estimates and judgments that affect our reported  assets,  liabilities,
revenues  and  expenses,   and  related  disclosure  of  contingent  assets  and
liabilities.  We evaluate  our  estimates  on an on-going  basis and use them on
historical  experience  and various  other  assumptions  that are believed to be
reasonable  under the  circumstances as the basis for making judgments about the
carrying  values of assets and  liabilities  that are not readily  apparent from
other  sources.  Actual  results  may  differ  from these  estimates  because of
different assumptions or conditions.

RESULTS OF OPERATIONS FOR THE THREE AND NINE MONTHS ENDED MAY 31, 2010 AND 2009

     The following table  summarizes our operating  results for the three months
and nine months ended May 31, 2010 and 2009, respectively:

<TABLE>
<CAPTION>
                       For the three months ended                            For the nine months ended
                                May 31,                   Comparison                  May 31,                 Comparison
                          -------------------         --------------------      -------------------       --------------------
                          2010           2009         Amount       Percent      2010           2009       Amount       Percent
                          ----           ----         ------       -------      ----           ----       ------       -------
                           US$            US$           US$           %          US$            US$         US$           %
<S>                     <C>            <C>          <C>            <C>       <C>            <C>         <C>             <C>
Revenues                17,235,916      9,536,983     7,698,933      80.73     37,110,090    31,179,916    5,930,174      19.02
Cost of revenue        (10,802,813)    (6,447,337)   (4,355,476)     67.55    (22,317,831)  (19,515,016)  (2,802,815)     14.36
                       -----------    -----------   -----------     ------    -----------   -----------  -----------   --------
Gross profit             6,433,103      3,089,646     3,343,457     108.21     14,792,259    11,664,900    3,127,359      26.81

Selling expenses          (268,893)      (156,857)     (112,036)     71.43       (512,651)     (503,089)      (9,562)      1.90
G&A expenses              (567,662)      (470,846)      (96,816)     20.56     (1,495,898)   (1,360,377)    (135,521)      9.96
                       -----------    -----------   -----------     ------    -----------   -----------  -----------   --------
Income from operations   5,596,548      2,461,943     3,134,605     127.32     12,783,710     9,801,434    2,982,276      30.43

Other expenses             (47,588)       (26,223)      (21,365)     81.47     (1,062,665)      (80,424)    (982,241)  1,221.33

Income taxes                    --             --            --         --             --            --           --         --
                       -----------    -----------   -----------     ------     -----------   -----------  -----------  --------
Net income               5,548,960      2,435,720     3,113,240     127.82     11,721,045     9,721,010    2,000,035      20.57
                       ===========    ===========   ===========     ======     ===========   ===========  ===========  ========
</TABLE>

     In  line  with  our  business  expansion,  both  revenue  and  profit  have
demonstrated successive growth in each semester of these years. During the third
quarter  ended  May  31,  2010,  we  achieved  total  revenue  of   $17,235,916,
representing  an  increase of 80.73% when  compared to  $9,536,983  for the same
period of fiscal  year 2009.  The third  quarter's  net  income was  $5,548,960,
representing  an increase of 127.82% when  compared to  $2,435,720  for the same
period of 2009. The significant  increase in net income was mainly  attributable
to the  timing  difference  between  the  fiscal  year 2010 and  2009.  In 2009,
students  returned to schools in early  February.  According to the principle of
revenue  recognition,  the tuition fees were  recognized in the second  quarter.
However in 2010,  students  returned to schools  after March 1, 2010 and certain
portion of tuition  revenue was  recognized in third  quarter of 2010.  This has
resulted  in the  significant  increase in the  recognized  revenue of the third
quarter of 2010 compared to the same period in 2009.

     This  chart  below  shows  the time  difference  between  our 2009 and 2010
teaching calendars:

<TABLE>
<CAPTION>
                                               2009                                        2010
                               ------------------------------------        ------------------------------------
<S>                            <C>                                        <C>
Period of first semester       September 1, 2008 - January 15, 2009        September 1, 2009 - January 31, 2010
Chinese New Year                         January 26, 2009                           February 14, 2010
Start of second semester                 February 12, 2009                          March 1, 2010
</TABLE>

     Our net profit  increased from $9,721,010 for the nine months ended May 31,
2009 to  $11,721,045  for the nine months  ended May 31, 2010,  demonstrating  a
growth rate of 20.57%.  The stable  growth in  operating  results and profits in
each semester was the combined effect of the following  factors,  in addition to
the school timing differences:

     For the nine months ended May 31, 2010, the Company  achieved total revenue
of $37,110,090,  representing an increase of $25,930,134 or 19.02% when compared
to $31,179,916 for the nine months ended May 31, 2009. The significant  increase
in  revenue  was  mainly  attributable  to the  expansion  of our  operation  as
reflected in the following:

     (1)  Student  enrollment in the second  semester of 2009 which started from
          February 2009 totaled 29,883 and the number increased to 34,477 in the
          second semester of 2010 which started from March 1, 2010, representing
          an increase of 15.4%.  The  increase in the number of students  led to
          the increase of revenue.

                                       30
<PAGE>
     (2)  We had cooperation  agreement with Dongying  Maritime School which was
          effective from in September 1, 2009 to June 2010, where we provide the
          student  recruiting  services  to  the  Dongying  Maritime  School  in
          exchange for a fixed percentage of tuition.  We sent 1,072 students to
          the Dongying Maritime School during the third quarter of 2010, whereas
          there was no such business in the same period of 2009.

     (3)  On April 30, 2009, Oya entered into an exclusive business  cooperation
          agreement  with  Shaoshan   Vocational   Secondary  School  ("Shaoshan
          Vocational  School").  From then on the operating  results of Shaoshan
          Vocational School were consolidated into our financial statements.  On
          September 1, 2009,  Shaoshan Vocational School commenced operation and
          contributed  more than $1 million to the total revenue for the quarter
          ended May 31, 2010.

     The cost of revenue  incurred was  $22,317,831 in the nine months ended May
31, 2010,  representing  an increase of 14.36% when compared to $19,515,016  for
the same period of 2009. With the increase in student enrollment,  variable cost
increased  while  the  fixed  cost  remains  stable.  In  addition,  the cost of
recruitment  service  provided for the Dongying Shengli Maritime School was much
less than that of teaching activities.  This has resulted in the increase in the
gross profit  rates for the nine months ended May 31, 2010  compared to the same
period in 2009.

     Selling  expenses  increased  from $503,089 in the first three  quarters of
2009 to $512,651 in the first three quarters of 2010,  representing  an increase
of 1.90%. This modest increase in operating expenses was mainly  attributable to
the increase in the wages resulted from the increase  number of employees and in
the expansion of business.

     General &  Administrative  expenses  increased from $1,360,377 in the first
three  quarters  of 2009 to  $1,495,898  in the first  three  quarters  of 2010,
representing  an increase of 9.96%.  The  increase in such  expenses  was mainly
attributable to two factors:

     (1)  Operations  of new  schools and  increase  in the student  enrollment.
          Shaoshan Vocational School commenced  operations in September 2009 and
          we employed more management  personnel for this new school.  Meanwhile
          the increased student  enrollment in other schools invited  additional
          management  personnel.  This led to an increase of $65,634 in employee
          salaries and benefits, representing an increase rate of 12%.

     (2)  The cost  related  to being a public  company.  We went  public in the
          first quarter of 2010. In order to prepare for the public listing,  we
          hired  management  staff and this resulted in the increase in salaries
          and other related expenses.

REVENUES

The table below  illustrates  the revenue from  different  services for the nine
months ended May 31, 2010 and 2009:

<TABLE>
<CAPTION>
                                       For the nine months ended May 31,          Comparison
                                       ---------------------------------    -----------------------
                                          2010                   2009        Amount         Percent
                                       ----------             ----------    ---------       -------
                                           US$                    US$          US$             %
<S>                                    <C>                    <C>           <C>              <C>
Order-oriented education               25,041,246             19,492,256    5,548,990        28.47
Off-campus internship arrangement       1,511,709              2,444,075     (932,366)      (38.15)
Other services                         10,557,135              9,243,585    1,313,550        14.21
                                       ----------             ----------    ---------        -----
Total revenue                          37,110,090             31,179,916    5,930,174        19.02
                                       ==========             ==========    =========        =====
</TABLE>

     (1)  Tuition is collected  from  students  after we file our fee  schedules
          with each  Ministry of  Education's  local  counterpart.  For the nine
          months ended May 31, 2010, total revenue from Order-oriented Education
          increased 28.74% compared to the same period in 2009. The increase was
          due to an increase in the number of enrolled  students,  the operation
          of new campus in  Shaoshan,  Hunan  Province  as well as the  students
          recruitment service provided for the Dongying Maritime School, both of
          which were not in existence in the same period of 2009.

     (2)  Revenue from our off-campus  internship service is generated from both
          students  and  employers.  We  launched  such  arrangements  with more
          enterprises in 2010 compared with 2009. As the second semester of 2010
          began in March  and our  off-campus  internship  arrangement  began in
          June, we had no revenue from off-campus internship arrangements in the
          third  quarter of 2010.  Because the second  semester of 2009  started
          earlier than that of 2010 and the  off-campus  internship  arrangement
          began in May, the term of the off-campus internship arrangement in the
          second  semester of 2010 was shorter than that in the second  semester
          of 2009. The above mentioned  factors have led to the decrease in such
          revenue.

                                       31
<PAGE>
     (3)  Revenue of "other services"  consists of revenue from campus logistics
          services and government  subsidies under the Rain Dew Plan. Due to the
          increase in student enrollment, revenue from campus logistics services
          has seen an increase in both the third quarter of 2010 and in the nine
          months ended May 31, 2010 compared to those of 2009.

SELLING EXPENSES

     The table below sets forth the selling  expenses  for the three  months and
nine months ended May 31, 2010 and May 31, 2009.

<TABLE>
<CAPTION>
                         For the three months ended                            For the nine months ended
                                  May 31,                   Comparison                  May 31,                 Comparison
                            -------------------         --------------------      -------------------       --------------------
                            2010           2009         Amount       Percent      2010           2009       Amount       Percent
                            ----           ----         ------       -------      ----           ----       ------       -------
                             US$            US$           US$           %          US$            US$         US$           %
<S>                       <C>            <C>          <C>            <C>       <C>            <C>         <C>             <C>
Salary and staff welfare    61,230        29,864        31,366        105.03     159,197       134,122       25,075       18.70
Office expenses             61,219        55,657         5,562          9.99      69,001        72,293       (3,292)      (4.55)
Advertising                 11,743         6,689         5,054         75.56      17,575        72,424      (54,849)     (75.73)
Travel expenses             70,007        43,921        26,086         59.39     153,306       143,253       10,053        7.02
Others                      64,694        20,726        43,968        212.14     113,572        80,997       32,575       40.22
                           -------       -------       -------        ------     -------       -------      -------      ------
Total                      268,893       156,857       112,036         71.43     512,651       503,089        9,562        1.90
                           =======       =======       =======        ======     =======       =======      =======      ======
</TABLE>

     Our selling expenses  increased by 71.43% from $156,857 in the three months
ended May 31, 2009 to  $268,893  in the three  months  ended May 31,  2010,  and
increased  by 1.9%  from  $503,089  in the nine  months  ended  May 31,  2009 to
$512,651 in the nine months ended May 31, 2010.  The increase was  primarily due
to the increase of  salaries,  welfare,  advertising  and travel  expenses.  The
increase in salaries and travel  expenses  resulted from business  expansion and
increase in the number of faculty.  After the Company went public,  we increased
our advertising  expenses in the third quarter of 2010 which lead to an increase
in the advertising  expenses compared to the same period of 2009.  However,  for
the nine months ended May 31, 2010, the advertising expenses decreased by 75.73%
when compared to the same period in 2009.  Thus the  operation  expenses did not
represent a significant increase.

GENERAL AND ADMINISTRATIVE EXPENSES

     The table  below  illustrates  the  details of general  and  administrative
expenses for the three months and nine months ended May 31, 2010 and 2009:

<TABLE>
<CAPTION>
                         For the three months ended                            For the nine months ended
                                  May 31,                   Comparison                  May 31,                 Comparison
                            -------------------         --------------------      -------------------       --------------------
                            2010           2009         Amount       Percent      2010           2009       Amount       Percent
                            ----           ----         ------       -------      ----           ----       ------       -------
                             US$            US$           US$           %          US$            US$         US$           %
<S>                       <C>            <C>          <C>            <C>       <C>            <C>         <C>             <C>
Salary and staff welfare   205,713        168,784       36,929        21.88      611,033        545,399      65,634       12.03
Office expenses             86,874        154,380      (67,506)      (43.73)     293,100        418,582    (125,482)     (29.98)
Maintenance                 12,665            316       12,349     3,907.91       14,376          3,784      10,592      279.92
Rental                       4,039         31,314      (27,275)      (87.10)      65,270         87,744     (22,474)     (25.61)
Depreciation                27,109         11,212       15,897       141.79       55,214         28,236      26,978       95.54
Travel expenses             70,597         10,784       59,813       554.65      110,967         45,491      65,476      143.93
Consulting                  37,193          3,396       33,797       995.20       41,968         20,951      21,017      100.32
Entertainment               40,589         39,721          868         2.19      157,747         99,726      58,021       58.18
Others                      82,883         50,939       31,944        62.71      146,223        110,464      35,759       32.37
                            ------        -------      -------     --------    ---------      ---------    --------      ------
Total                      567,662        470,846       96,816        20.56    1,495,898      1,360,377     135,521        9.96
                           =======        =======      =======     ========    =========      =========    ========      ======
</TABLE>

     Our general and  administrative  expenses increased by 20.56% from $470,846
for the three  months  ended May 31, 2009 to $567,662 for the three months ended
May 31, 2010,  and increased by 9.96% from  $1,360,377 for the nine months ended
May 31, 2009 to $1,495,898 for the nine months ended May 31, 2010. This increase
was primarily due to the  following two factors:  First,  after the Company went
public,  it increased its  administrative  staff,  leading to an increase in the
salaries and related  expenses.  In the  meantime,  business  expansion  and the
acquisition  of our new campus  resulted  in the  increase  in related  expenses
including  travel expenses and consulting fees.  Second,  the new acquisition of
fixed assets led to an increase in  depreciation  expenses.  Our office expenses
decreased in the third quarter of 2010 when compared to the same period of 2009,
which was  mainly  due to in 2009 more  expenses  incurred  for our new campus -
Shaoshan Huanqiu.

OTHER EXPENSES

     Other  expenses  increased by 81.47% from $26,223 in the three months ended
May 31, 2009 to $47,588 in the three months ended May 31,  2010.  This  increase
was mainly due to the donation to Association for Private Education of Ningxiang
County,  Hunan Province in 2010.  Other  expenses  increased from $80,424 in the

                                       32
<PAGE>
nine months  ended May 31, 2009 to  $1,062,665  in the nine months ended May 31,
2010, which was mainly  attributable to the disposition of the aged equipment in
the first quarter of 2010.

LIQUIDITY AND CAPITAL RESOURCES

     Our  principal  sources of  liquidity  are cash  generated  from  operating
activities and financing activities.

     As of May 31, 2010,  our total  assets were  $48,368,898,  representing  an
increase of $17,137,625  or 54.87% when compared with  $31,231,273 on August 31,
2009. As of May 31, 2010, we had $29,162,213 in current assets,  representing an
increase of $13,270,869  or 83.51% when compared with  $15,891,344 on August 31,
2009. As of May 31, 2010,  non-current assets were $19,206,685,  representing an
increase of $3,866,756 or 25.21% as compared to $15,339,929 on August 31, 2009.

     Current  assets as of May 31, 2010 consist of cash and cash  equivalents of
$13,385,942,  inventory of $332,189,  net accounts  receivable  of  $11,028,527,
other debtors of $374,296 and advances to vendors of $4,041,259.

     The balance of accounts receivable (net of allowance) increased $5,315,036,
from  $5,713,491  as of  August  31,  2009 to  $11,028,527  as of May 31,  2010.
Accounts receivable consist of subsidies from the Rain-dew project and fees from
the  enterprises  for the  off-campus  arrangements.  Such  increase  is  mainly
attributable to the accounts  receivable due from Poverty  Alleviation Office of
local governments and China Overseas  Scholarship  Development  Foundation under
the Rain-dew  project that started in September 2008,  accounting for 96% of the
balance of accounts  receivable.  Due to the fact that such accounts  receivable
are due from the  government  authorities,  the  management  determines  that no
reserve  is  necessary  for the  current  reporting  period  and the  balance of
doubtful accounts provision remains the same since August 31, 2009.

     As of May 31, 2010, our total liabilities were $9,672,025,  representing an
increase of  $5,407,221 or 126.79% as compared to $4,264,804 on August 31, 2009.
As  of  May  31,  2010,  the  balance  of  loans   outstanding  was  $2,021,119,
representing  an increase of  $256,994  or 14.57% as compared to  $1,764,125  on
August 31, 2009. The increase is due to the increase in loans.  Accounts payable
were  $1,642,563  as of May 31,  2010,  representing  an increase of $314,941 or
23.72% as compared  with  $1,327,622 on August 31, 2009.  Accounts  payable were
primarily due to Changsha University of Science & Technology for the cooperative
education program, to maritime schools for the tuition we collected on behalf of
them under the  cooperation  agreements and to suppliers of teaching  materials.
Unearned  revenue mainly included tuition from students and consulting fees from
enterprises. As of May 31, 2010, the balance of unearned revenue was $3,237,823,
representing  an increase of $3,229,548  when compared with $8,275 on August 31,
2009. The large  increase in the balance of unearned  revenue at the end of this
quarter was attributable to the tuition collected in March 2010 which,  however,
was amortized into revenue on August 31, 2009.

As of May 31,  2010,  stockholder's  equity  was  $38,696,873,  representing  an
increase of $11,730,404 or 43.50% as compared to $26,966,469 on August 31, 2009.
Increase in net income is $11,721,045,  from which $2,930,914 has been allocated
to statutory reserve and increase in accumulated other  comprehensive  income is
$9,359, which is related to the exchange gain or loss.

CASH FLOWS

     As  of  May  31,  2010,  the  Company's  cash  and  cash  equivalents  were
$13,385,942,  representing an increase of $9,537,902 as compared with $3,848,040
on August 31, 2009.

     For the nine  months  ended  May 31,  2010,  net  cash  flows  provided  by
operating activities were $14,427,904, representing an increase of $3,381,074 as
compared with  $11,046,830  for the nine months ended May 31, 2009. The decrease
was mainly due to the fact that the second semester of 2009 started in February,
therefore the advance tuition received from students for the second semester was
recognized at the second quarter,  whereas in 2010, the second semester  started
in early March,  therefore the tuition  received from students was recognized in
the third quarter.  This resulted in the significant  increase in net cash flows
for the nine months ended May 31, 2010 as compared with the same period of 2009.

     For the nine months  ended May 31,  2010,  net cash flows used in investing
activities were $7,904,908, representing an increase of $4,952,264 or 167.72% as
compared  with  $2,952,644  for the nine months  ended May 31,  2009.  The major
investment in the nine months of fiscal year 2010 refers to the  acquisition  of
school  facilities,  construction  of the  buildings  and use of the land on the
Shaoshan, Shaoyang and Tianquan campuses. The financial resources were generated
from operating activities and credit funds.

     For the nine  months  ended  May 31,  2010,  net  cash  flows  provided  by
financing activities were $3,014,950,  representing an increase of $5,226,227 as
compared with net cash used in financing  activities of $2,211,277  for the nine
months ended May 31, 2009. During the nine months ended May 31, 2010, there were

                                       33
<PAGE>
proceeds  from  repayment of a related  party loan in the amount of  $1,924,491,
proceeds  from  short-term  loans  in the  amount  of  $578,503,  proceeds  from
long-term loans in the amount of $234,333,  proceeds from  shareholder's loan in
the  amount of  $310,000  and  repayments  on  long-term  loan in the  amount of
556,540,  whereas in the nine months ended May 31, 2009, there was shareholders'
loan of $1,198,942 and related party loan of $1,890,298 incurred.

CONTRACTUAL OBLIGATIONS

     The following summarizes our contractual obligations as of May 31, 2010:

<TABLE>
<CAPTION>
                                                                       Payments Due by Period
                                        -------------------------------------------------------------------------------
                                                    June 1, 2010   June 1, 2011   June 1, 2012   June 1, 2013
                                                       through        through        through        through     After
                                                       May 31,        May 31,        May 31,        May 31,     May 31,
(In thousands)                          Total           2011           2012           2013           2014        2014
                                        -----           ----           ----           ----           ----        ----
<S>                              <C>                 <C>              <C>            <C>            <C>        <C>
Long-term debt obligations (1)   $      710,321         73,229        637,092              0              0            0
Operating lease (2)              $      753,944        144,707        136,073        183,947        157,566      131,651
Capital commitments (3)          $   13,476,800      5,347,073        117,180        117,180        117,180    7,778,187
                                     ----------      ---------        -------        -------        -------    ---------
TOTAL CONTRACTUAL OBLIGATIONS    $   14,941,065      5,565,009        890,345        301,127        274,746    7,909,838
                                     ==========      =========        =======        =======        =======    =========
</TABLE>

----------
(1)  The  long-term  debt  obligations  refers  to the  long-term  loans we have
     incurred as of May 31, 2010.
(2)  We are  obligated  to  pay  rental  for  the  campus  of  Shaoshan  Huanqiu
     Vocational  Technical  Secondary  School and for our  headquarters'  office
     space and warehouse. Lease periods vary from 14 months to 10 years with the
     earliest  expiration  date of December  31, 2010 and the latest  expiration
     date of September 18, 2019.
(3)  In exchange for obtaining the governmental  approval to provide educational
     services  to the  schools  in  Hunan  Province  and  Sichuan  Province,  we
     committed   to  the  local   governments   to  invest  a  total  amount  of
     RMB122,800,000  (approximately  US$17,987,060)  for the  expansion of those
     schools during the terms of the cooperation  agreement with them. The terms
     of cooperation vary from 15 years to 20 years with the earliest  expiration
     date of July 15,  2021 and the  latest  expiration  date of June 30,  2029.
     Until May 31, 2010, we have invested  $4,510,260 in several schools and the
     balance of  $13,476,800  will be invested  within the remaining term of the
     cooperation agreement.

FOREIGN CURRENCY TRANSLATION

     Our  reporting  currency  is the US  dollars.  Our  functional  currency is
Renminbi  ("RMB").  Transactions  denominated  in currencies  other than RMB are
translated into RMB at the exchange rate quoted by the People's Bank of China at
the  dates  of the  transactions.  Exchange  gains  and  losses  resulting  from
transactions  denominated  in a  currency  other than that RMB are  included  in
statements of operations as exchange gains. The exchange rate as of May 31, 2010
was 6.8279, which didn't fluctuate significantly compared with the exchange rate
6.8306 as of the last fiscal year end of August 31, 2009.  The average  exchange
rate for the three  months  ended May 31,  2010 of  6.8266,  slightly  decreased
compared to the exchange rate of 6.8309 for the same period of 2009.

TAXATION

     The PRC  government  also provides  various  incentives  to companies  that
engage in the  development  of vocational  education.  Such  incentives  include
reduced tax rates, tax exemptions and other measures. According to the Promotion
of  Private  Schools  Act of PRC and the  Notice  of Tax  Policy  for  Education
Activities  (Caishui  [2004]  No.39),  certain  enterprises,  organizations  and
schools  shall enjoy the same tax  treatment as the  government  operated  pubic
schools,  and could be exempt from business tax and income tax  accordingly.  As
long as we meetthe requirements of the aforementioned regulations, we are exempt
from PRC business tax and income tax.

RECENT ACCOUNTING PRONOUNCEMENTS

     In  January  2010,  FASB  amended  ASC 820  Disclosures  about  Fair  Value
Measurements.  This update provides  amendments to Subtopic 820-10 that requires
new  disclosure  as  follows:  1)  Transfers  in and  out of  Levels  1 and 2. A
reporting entity should disclose separately the amounts of significant transfers
in and out of Level 1 and  Level 2 fair  value  measurements  and  describe  the
reasons for the transfers.  2) Activity in Level 3 fair value  measurements.  In
the reconciliation  for fair value  measurements using significant  unobservable
inputs (Level 3), a reporting entity should present separately information about
purchases,  sales, issuances,  and settlements (that is, on a gross basis rather
than as one net number).  The new  disclosures  and  clarifications  of existing
disclosures  are effective for interim and annual  reporting  periods  beginning
after December 15, 2009,  except for the  disclosures  about  purchases,  sales,
issuances, and settlements in the roll forward of activity in Level 3 fair value
measurements.  Those  disclosures are effective for fiscal years beginning after
December 15, 2010,  and for interim  periods  within  those  fiscal  years.  The
Company has determined the adoption of this rule does not have a material impact
on its financial statements.

     In January 2010, FASB amended  Accounting for Distributions to Shareholders
with  Components of Stock and Cash.  The  amendments in this Update clarify that
the stock portion of a distribution to shareholders that allows them to elect to
receive  cash or stock with a potential  limitation  on the total amount of cash
that all  shareholders  can elect to receive in the  aggregate  is  considered a
share  issuance  that  is  reflected  in EPS  prospectively  and is not a  stock
dividend  for  purposes of applying  Topics 505 and 260 (Equity and Earnings Per
Share).  The  amendments  in this  update are  effective  for interim and annual
periods  ending on or after  December  15,  2009,  and  should be  applied  on a
retrospective  basis.  The Company  does not expect the adoption of this rule to
have a material impact on its financial statements.

OFF BALANCE SHEET ARRANGEMENTS

     We have not entered into any financial  guarantees or other  commitments to
guarantee the payment  obligations of any third party.  We have not entered into
any  derivative  contracts  that are  indexed to our shares  and  classified  as
shareholders'  equity,  or that are not reflected in our consolidated  financial
statements.  Furthermore,  we do not have any retained or contingent interest in
assets transferred to an unconsolidated entity that serves as credit,  liquidity
or  market  risk  support  to such  entity.  We do not have any  other  variable
interest in any unconsolidated entity that provides financing, liquidity, market
risk or credit  support to us or engages in  leasing,  hedging or  research  and
development services with us.

                                       34
<PAGE>
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

     We are a smaller reporting company as defined by Rule 12b-2 of the Exchange
Act and are not required to provide the information required under this item.

ITEM 4. CONTROLS AND PROCEDURES

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

     We maintain  disclosure controls and procedures that are designed to ensure
that  information  required to be disclosed in our reports under the  Securities
Exchange Act of 1934, as amended ( the "Exchange  Act") is recorded,  processed,
summarized and reported within the time periods specified in the SEC's rules and
forms,  and  that  such  information  is  accumulated  and  communicated  to our
management,  including our chief executive officer and chief financial  officer,
as appropriate,  to allow timely decisions  regarding  required  disclosure.  In
designing and  evaluating  the disclosure  controls and  procedures,  management
recognizes  that any controls and  procedures,  no matter how well  designed and
operated, can provide only reasonable assurance of achieving the desired control
objectives,  and  management  necessarily  is required to apply its  judgment in
evaluating the cost-benefit relationship of possible controls and procedures.

     As of May 31, 2010, the end of the fiscal  quarter  covered by this report,
we carried out an evaluation,  under the supervision and with the  participation
of our management, including our chief executive officer and our chief financial
officer,  of the  effectiveness  of the design and  operation of our  disclosure
controls and procedures. Based on the foregoing, our chief executive officer and
chief financial  officer  concluded that our disclosure  controls and procedures
(as  defined in Rules  13a-15(e)  and  15d-15(e)  under the  Exchange  Act) were
effective at the reasonable  assurance level to ensure that information required
to be  disclosed in our reports  under the Exchange Act is recorded,  processed,
summarized and reported within the time periods specified in the SEC's rules and
forms,  and  that  such  information  is  accumulated  and  communicated  to our
management,  including our chief executive officer and chief financial  officer,
as appropriate, to allow timely decisions regarding required disclosure.

CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING

     There were no changes in our internal control over financial  reporting (as
defined in Rule  13a-15(f)  of the  Securities  Exchange Act of 1934) during the
quarter  ended May 31, 2010 that have  materially  affected,  or are  reasonably
likely to materially affect, our internal control over financial reporting.

                           PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

     We know of no pending legal  proceedings  to which we are a party which are
material or potentially  material,  either individually or in the aggregate.  We
are from time to time,  during the  normal  course of our  business  operations,
subject to various litigation claims and legal disputes.  We do not believe that
the ultimate  disposition  of any of these matters will have a material  adverse
effect on our financial position, results of operations or liquidity.

ITEM 1A. RISK FACTORS

     We are a smaller reporting company as defined by Rule 12b-2 of the Exchange
Act and are not required to provide the information required under this item.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

     None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

     None.

                                       35
<PAGE>
ITEM 4. (REMOVED AND RESERVED)

ITEM 5. OTHER INFORMATION

     None.

ITEM 6. EXHIBITS

The following exhibits are filed herewith:

Exhibit No.                              Description
-----------                              -----------

31.1          Certifications  pursuant to Rule 13a-14(a) or 15d-14(a)  under the
              Securities  Exchange Act of 1934, as amended,  as adopted pursuant
              to Section 302 of the Sarbanes-Oxley Act of 2002. *

31.2          Certifications  pursuant to Rule 13a-14(a) or 15d-14(a)  under the
              Securities  Exchange Act of 1934, as amended,  as adopted pursuant
              to Section 302 of the Sarbanes-Oxley Act of 2002. *

32.1          Certifications  pursuant  to 18 U.S.C.  Section  1350,  as adopted
              pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. *

32.2          Certifications  pursuant  to 18 U.S.C.  Section  1350,  as adopted
              pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. *

----------
* Filed herewith.

                                       36
<PAGE>
                                   SIGNATURES

     In accordance with the requirements of the Exchange Act, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.

July 20, 2010                    HQ Global Education, Inc.


                                 By: /s/ Guangwen He
                                    -------------------------------------------
                                    Guangwen He
                                    Chief Executive Officer
                                    (Principal Executive Officer)


                                 By: /s/ Yunjie Fang
                                    -------------------------------------------
                                    Yunjie Fang
                                    Chief Financial Officer
                                    (Principal Financial and Accounting Officer)


                                       37