----

----

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

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

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

----

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

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

----

| PAGE   | 1            | CONDENSED CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2010 (UNAUDITED) AND DECEMBER 31, 2009.                                                              |
|--------|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |         |                                                                                                                                                      |
| PAGE   | 2            | CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2010 AND 2009 (UNAUDITED) |
|   |         |                                                                                                                                                      |
| PAGE   | 3            | CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY/ (DEFICIENCY) FOR THE SIX MONTHS ENDED JUNE 30, 2010 (UNAUDITED)                      |
|   |         |                                                                                                                                                      |
| PAGE   | 4            | CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2010 AND 2009 (UNAUDITED)                                               |
|   |         |                                                                                                                                                      |
| PAGES  | 5 – 12 | NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS                                                                                                      |
|   |         |                                                                                                                                                      |

----

| APEXTALK HOLDINGS, INC. AND SUBSIDIARIES                                                                                                                                                                                      |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| CONDENSED CONSOLIDATED BALANCE SHEETS                                                                                                                                                                                         |   |
|                                                                                                                                                                                                                          |   |
|                                                                                                                                                                                                                          |   |
|                                                                                                                                                                                                                          |   |   |   |   |   |   |
|                                                                                                                                                                                                                          |   |   |   |   |
|                                                                                                                                                                                                                          |   | JUNE 30, 2010 (UNAUDITED) |   |   | DECEMBER 31, 2009 |   |
| ASSETS                                                                                                                                                                                                                        |   |   |   |   |   |   |
| Current Assets                                                                                                                                                                                                                |   |   |   |   |   |   |
|   Cash and cash equivalents                                                                                                                                                                                         |   | $ | 316,999 |   |   | $ | 21,710 |   |
|   Accounts receivable, net                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
|       From a related company                                                                                                                                                                    |   |   | 903,269 |   |   |   | - |   |
|       From third parties                                                                                                                                                                        |   |   | 1,695 |   |   |   | 3,085 |   |
|   Other receivables, net                                                                                                                                                                                            |   |   | 72,210 |   |   |   | 1,871 |   |
|   Prepaid expenses                                                                                                                                                                                                  |   |   | 10,698 |   |   |   | - |   |
|   Deposits paid for acquiring property and equipment                                                                                                                                                                |   |   | 2,489 |   |   |   | - |   |
|   Short term note receivable from a related company                                                                                                                                                                 |   |   | 7,226,155 |   |   |   | - |   |
|   Short term note receivable                                                                                                                                                                                        |   |   | 4,813,325 |   |   |   | - |   |
|  Total Currents Assets                                                                                                                                                                                                   |   |   | 13,346,840 |   |   |   | 26,666 |   |
| Other asset                                                                                                                                                                                                                   |   |   | 60,000 |   |   |   | - |   |
| Property and Equipment, net                                                                                                                                                                                                   |   |   | 395,339 |   |   |   | 41,943 |   |
| Patent, net                                                                                                                                                                                                                   |   |   | 8,969 |   |   |   | 8,969 |   |
|   Total Assets                                                                                                                                                                                                      |   | $ | 13,811,148 |   |   | $ | 77,578 |   |
|                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)                                                                                                                                                                        |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Current Liabilities                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |
|   Accounts payable                                                                                                                                                                                                  |   | $ | 57,447 |   |   | $ | 30,165 |   |
|   Accrued expenses                                                                                                                                                                                                  |   |   | 127,598 |   |   |   | 61,093 |   |
|   Unearned revenue                                                                                                                                                                                                  |   |   | 7,286 |   |   |   | 11,717 |   |
|   Short term note payable                                                                                                                                                                                           |   |   | 2,446,905 |   |   |   | - |   |
|   Income tax payable                                                                                                                                                                                                |   |   | 133,312 |   |   |   | - |   |
|   Other taxes payable                                                                                                                                                                                               |   |   | 19,737 |   |   |   | - |   |
|   Shareholders' loan                                                                                                                                                                                                |   |   | 50,394 |   |   |   | 31,716 |   |
| Total Liabilities                                                                                                                                                                                                             |   |   | 2,842,679 |   |   |   | 134,691 |   |
|                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
|  Commitments and Contingencies                                                                                                                                                                                           |   |   | - |   |   |   | - |   |
|                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Apextalk Stockholders' Equity (Deficiency)                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
|   Common stock, authorized 1,000,000,000 shares, par value $0.001,  2,230,541 shares and 459,706 shares issued and outstanding on  June 30, 2010 and  December 31, 2009, respectively |   |   | 2,231 |   |   |   | 459 |   |
|   Additional paid-in-capital                                                                                                                                                                                        |   |   | 4,624,911 |   |   |   | 358,383 |   |
|   Accumulated deficit                                                                                                                                                                                               |   |   | (256,465 | ) |   |   | (415,955 | ) |
|   Accumulated other comprehensive income                                                                                                                                                                            |   |   | 18,722 |   |   |   | - |   |
|        Total Apextalk's Stockholders' Equity (Deficiency)                                                                                                                                  |   |   | 4,389,399 |   |   |   | (57,113 | ) |
|   Noncontrolling interests                                                                                                                                                                                          |   |   | 6,579,070 |   |   |   | - |   |
|  Total Equity  (Deficiency)                                                                                                                                                                                    |   |   | 10,968,469 |   |   |   | (57,113 | ) |
|                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Total Liabilities and Stockholders' Equity (Deficiency)                                                                                                                                                                       |   | $ | 13,811,148 |   |   | $ | 77,578 |   |
|                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |

----

| APEXTALK HOLDINGS, INC. AND SUBSIDIARIES                                          |   |
|-----------------------------------------------------------------------------------|--------|
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS                                   |   |
| AND OTHER COMPREHENSIVE INCOME                                                    |   |
| (Unaudited)                                                                       |   |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                              |   | For the Three Months Ended |   |   | For the Six Months Ended |   |
|                                                                              |   | June 30, |   |   | June 30, |   |
|                                                                              |   | 2010 |   |   | 2009 |   |   | 2010 |   |   | 2009 |   |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Telecom Revenue                                                                   |   | $ | 5,668 |   |   | $ | 3,546 |   |   | $ | 9,398 |   |   | $ | 6,672 |   |
| Consultancy Fees earned - from a related company                                  |   |   | 327,725 |   |   |   | - |   |   |   | 327,725 |   |   |   | - |   |
| Consultancy Fees earned                                                           |   |   | 15,928 |   |   |   | - |   |   |   | 15,928 |   |   |   | - |   |
|       Total Revenue                                 |   |   | 349,321 |   |   |   | 3,546 |   |   |   | 353,051 |   |   |   | 6,672 |   |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cost of  Telecom Services                                               |   |   | 6,779 |   |   |   | 6,453 |   |   |   | 13,884 |   |   |   | 17,408 |   |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross Profit  (Loss)                                                    |   |   | 342,542 |   |   |   | (2,907 | ) |   |   | 339,167 |   |   |   | (10,736 | ) |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating Expenses                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Payroll expenses                                                                  |   |   | 50,023 |   |   |   | 1,665 |   |   |   | 78,844 |   |   |   | 3,330 |   |
| Rent and utilities                                                                |   |   | 16,860 |   |   |   | 1,335 |   |   |   | 22,860 |   |   |   | 2,670 |   |
| General and administrative                                                        |   |   | 56,173 |   |   |   | 23,937 |   |   |   | 87,982 |   |   |   | 48,683 |   |
| Legal and professional fees                                                       |   |   | 94,692 |   |   |   | 14,358 |   |   |   | 131,181 |   |   |   | 59,772 |   |
|   Total Operating Expenses                                              |   |   | 217,748 |   |   |   | 41,295 |   |   |   | 320,867 |   |   |   | 114,455 |   |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income (Loss) From Operations                                                     |   |   | 124,794 |   |   |   | (44,202 | ) |   |   | 18,300 |   |   |   | (125,191 | ) |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Income                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Gain on Acquisition                                                               |   |   | 306,005 |   |   |   | - |   |   |   | 306,005 |   |   |   | - |   |
| Interest income                                                                   |   |   | 180 |   |   |   | - |   |   |   | 180 |   |   |   | - |   |
| Total Other Income                                                                |   |   | 306,185 |   |   |   | - |   |   |   | 306,185 |   |   |   | - |   |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income (Loss) from Operations before Income Taxes                                 |   |   | 430,979 |   |   |   | (44,202 | ) |   |   | 324,485 |   |   |   | (125,191 | ) |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Provision for Income Taxes                                |   |   | (53,339 | ) |   |   | (1,219 | ) |   |   | (54,927 | ) |   |   | (4,038 | ) |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Income (Loss)                                                                 |   |   | 377,640 |   |   |   | (45,421 | ) |   |   | 269,558 |   |   |   | (129,229 | ) |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Less: Net profit attributable to noncontrolling interests |   |   | 110,068 |   |   |   | - |   |   |   | 110,068 |   |   |   | - |   |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Income (Loss) attributable to Apextalk's Stockholders                         |   |   | 267,572 |   |   |   |  (45,421 | ) |   |   |  159,490 |   |   |   |  (129,229 | )  |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Comprehensive Income                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|       Total foreign currency translation gain       |   |   | 36,709 |   |   |   | - |   |   |   | 36,709 |   |   |   | - |   |
| Less: foreign currency translation gain attributable to noncontrolling interests  |   |   | 17,987 |   |   |   |  - |   |   |   |  17,987 |   |   |   | - |   |
| Foreign currency translation gain attributable to Apextalk's stockholders         |   |   | 18,722 |   |   |   | - |   |   |   |  18,722 |   |   |   |  - |   |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive Income (Loss)                                                       |   | $ | 286,294 |   |   | $ | (45,421 | ) |   | $ | 178,212 |   |   | $ | (129,229 | ) |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and Diluted Net Income (Loss) per Share                                     |   | $ | 0.16 |   |   | $ | (0.10 | ) |   | $ | 0.12 |   |   | $ | (0.29 | ) |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average number of common shares outstanding                              |   |   |   |   |   |   |   |   |   |   |   |   |   |
| during the period - Basis and Diluted                                             |   |   | 1,653,617 |   |   |   | 447,157 |   |   |   | 1,306,277 |   |   |   | 440,874 |   |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| APEXTALK HOLDINGS, INC. AND SUBSIDIARIES                                            |   |
|-------------------------------------------------------------------------------------|--------|
| CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY / (DEFICIENCY) |   |
| (Unaudited)                                                                         |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | Total |   |   |   |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   | Accumulated |   |   | Apextalk's |   |   |   |   |   |   |   |
|                                                                                |   | Common Stock |   |   |   |   |   |   |   |   | Other |   |   | Stockholders' |   |   |   |   |   |   |   |
|                                                                                |   | Shares |   |   | Amount |   |   | Paid inCapital |   |   | AccumulatedDeficit |   |   | ComprehensiveIncome |   |   | Equity(Deficiency) |   |   | NoncontrollingInterest |   |   | Total Equity(Deficiency) |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2009                                                          |   |   | 459,706 |   |   | $ | 459 |   |   | $ | 358,383 |   |   | $ | (415,955 | ) |   | $ | - |   |   | $ | (57,113 | ) |   | $ | - |   |   | $ | (57,113 | ) |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for cash                                                        |   |   | 1,770,835 |   |   |   | 1,772 |   |   |   | 4,248,228 |   |   |   | - |   |   |   | - |   |   |   | 4,250,000 |   |   |   | - |   |   |   | 4,250,000 |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Noncontrolling interests                                                            |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 6,451,015 |   |   |   | 6,451,015 |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In kind contribution for services                                                   |   |   | - |   |   |   | - |   |   |   | 18,300 |   |   |   | - |   |   |   | - |   |   |   | 18,300 |   |   |   | - |   |   |   | 18,300 |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income for the six month period ended June 30, 2010                             |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 159,490 |   |   |   | - |   |   |   | 159,490 |   |   |   | 110,068 |   |   |   | 269,558 |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Foreign currency translation gain                                                   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 18,722 |   |   |   | 18,722 |   |   |   | 17,987 |   |   |   | 36,709 |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, June 30, 2010                                                              |   |   | 2,230,541 |   |   | $ | 2,231 |   |   | $ | 4,624,911 |   |   | $ | (256,465 | ) |   | $ | 18,722 |   |   | $ | 4,389,399 |   |   | $ | 6,579,070 |   |   | $ | 10,968,469 |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| APEXTALK HOLDINGS, INC. AND SUBSIDIARIES                                                          |                                                |
|---------------------------------------------------------------------------------------------------|-----------------------------------------------------|
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS                                                   |                                                |
| (Unaudited)                                                                                       |                                                |
|                                                                                              |                                                |   |   |   |   |   |   |
|                                                                                              |                                                |   | For the Six Months |   |   | For the Six Months |   |
|                                                                                              |                                                |   | ended |   |   | ended |   |
|                                                                                              |                                                |   | June 30, 2010 |   |   | June 30, 2009 |   |
| Cash Flows from Operating Activities                                                              |                                                |   |   |   |   |   |
|                                                                                              | Net Income (loss)                                   |   | $ | 269,558 |   |   | $ | (129,229 | ) |
| Adjustment to reconcile net income (loss) to net cash provided by (used in) operating activities: |                                                |   |   |   |   |
|                                                                                              | Gain on bargain purchase of Yi An                   |   |   | (306,005 | ) |   |   | - |   |
|                                                                                              | Depreciation and amortization                       |   |   | 13,679 |   |   |   | 6,456 |   |
|                                                                                              | Provision for doubtful accounts                     |   |   | (1,514 | ) |   |   | - |   |
|                                                                                              | In kind contribution of services                    |   |   | 18,300 |   |   |   | 28,350 |   |
| Change in operating assets and liabilities net of effects from purchase of Subsidiary Yi An:      |                                                |   |   |   |   |
|                                                                                              | Decrease in accounts receivable                     |   |   | 2,904 |   |   |   | 6,179 |   |
|                                                                                              | Increase in accounts receivable, other              |   |   | (41,172 | ) |   |   | - |   |
|                                                                                              | Decrease in deposit                                 |   |   | - |   |   |   | 11,000 |   |
|                                                                                              | Increase in other asset                             |   |   | (60,000 | ) |   |   | - |   |
|                                                                                              | Increase (decrease) in unearned revenue             |   |   | (4,431 | ) |   |   | 735 |   |
|                                                                                              | Increase (decrease) in accounts payable             |   |   | 26,399 |   |   |   | (10,098 | ) |
|                                                                                              | Increase in accrued expenses                        |   |   | 57,080 |   |   |   | 10,334 |   |
|                                                                                              | Increase in income tax payable                      |   |   | 50,087 |   |   |   | - |   |
|                                                                                              | Increase in other tax payable                       |   |   | 9,769 |   |   |   | - |   |
| Net Cash Provided by (Used in) Operating Activities                                               |                                                |   | 34,654 |   |   |   | (76,273 | ) |
|                                                                                              |                                                |   |   |   |   |   |   |   |   |
| Cash Flows from Investing Activities                                                              |                                                |   |   |   |   |   |   |   |
|                                                                                              | Payment for purchase of Yi An, net of cash acquired |   |   | (3,782,192 | ) |   |   | - |   |
|                                                                                              | Purchase of equipment                               |   |   | (94,508 | ) |   |   | (635 | ) |
|                                                                                              | Increase in notes receivable                        |   |   | (4,797,576 | ) |   |   | - |   |
|                                                                                              | Decrease in notes receivable from a related company |   |   | 4,687,635 |   |   |   | - |   |
| Net Cash Used in Investing Activities                                                             |                                                |   | (3,986,641 | ) |   |   | (635 | ) |
|                                                                                              |                                                |   |   |   |   |   |   |   |   |
| Cash Flows from Financing Activities:                                                             |                                                |   |   |   |   |   |   |   |
|                                                                                              | Proceeds from issuance of common stock              |   |   | 4,250,000 |   |   |   | 25,648 |   |
|                                                                                              | Stock Subscription received                         |   |   | - |   |   |   | 20,016 |   |
|                                                                                              | Payments to note payable                            |   |   | (22,264 | ) |   |   | - |   |
|                                                                                              | Proceeds from stockholder loan                      |   |   | 18,678 |   |   |   | - |   |
| Net Cash Provided by Financing Activities                                                         |                                                |   | 4,246,414 |   |   |   | 45,664 |   |
|                                                                                              |                                                |   |   |   |   |   |   |   |   |
| Effect of Exchange Rates on Cash                                                                  |                                                |   | 862 |   |   |   | - |   |
|                                                                                              |                                                |   |   |   |   |   |   |   |   |
| Net Increase/ (Decrease) in Cash                                                                  |                                                |   | 295,289 |   |   |   | (31,244 | ) |
|                                                                                              |                                                |   |   |   |   |   |   |   |   |
| Cash and Cash Equivalents , Beginning of Period                                                   |                                                |   | 21,710 |   |   |   | 49,430 |   |
| Cash and Cash Equivalents, Ending of Period                                                       |                                                | $ | 316,999 |   |   | $ | 18,186 |   |
|                                                                                              |                                                |   |   |   |   |   |   |   |   |
| Cash paid during the year for:                                                                    |                                                |   |   |   |   |   |   |   |
| Interest                                                                                          |                                                | $ | - |   |   | $ | - |   |
| Income Taxes                                                                                      |                                                | $ | 10,470 |   |   | $ | 1,600 |   |
|                                                                                              |                                                |   |   |   |   |   |   |   |   |

----

----

----

|                                                                                                               | June 30, 2010   |
|--------------------------------------------------------------------------------------------------------------------|-----------------|
| Balance sheet items, except for share capital, additional paid-in capital and retained earnings as of period ended | RMB1=US$0.14687 |
| Amounts included in the statements of operations and cash flows for the period                                     | RMB1=US$0.14639 |

----

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

----

| Pro forma Apextalk Holdings, Inc. condensed consolidated statements of operations and other comprehensive income |   |
|-----------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                  |   |   | 6 months |   |
|                                                                                                                  |   |   | ended |   |
|                                                                                                                  |   |   | 6/30/2010 |   |
| Total revenues                                                                                                        |   |   | $ | 1,363,871 |   |
| Cost of service                                                                                                       |   |   |   | 13,884 |   |
| Gross profit (loss)                                                                                                   |   |   |   | 1,349,987 |   |
| Total operating expenses                                                                                              |   |   |   | 498,881 |   |
| Income from operations                                                                                                |   |   |   | 851,106 |   |
| Total other income (expenses)                                                                                         |   |   |   | 1,870 |   |
| Income from operations before taxes                                                                                   |   |   |   | 852,976 |   |
| Income tax expense                                                                                                    |   |   |   | 260,433 |   |
| Net Income                                                                                                            |   |   |   | 592,543 |   |
|         Less: net profit attributable to noncontrolling interests             |   |   |   | 427,591 |   |
| Net Income attributable to Apextalk Stockholders                                                                      |   |   |   | 164,952 |   |
| Foreign currency translation gain attributable to Apextalk                                                            |   |   |   | 18,144 |   |
| Comprehensive Income                                                                                                  |   |   | $ | 183,096 |   |

| For the six months ended  June 30, 2010 |   |       |       |   |   |   |      |         |   |   |         |   |
|---------------------------------------------------|--------|------------|------------|--------|--------|--------|-----------|--------------|--------|--------|--------------|--------|
|                                              |   | Investment |       |   |   |   |      | Intersegment |   |   | Consolidated |   |
|                                              |   | Consulting |       |   | Other  |   |      | Eliminations |   |   | Results      |   |
| Total segment operating revenues                  |   | $          | 343,653    |   |   | $      | 9,398     |         |   | $      |         |   |   | $ | 353,051 |   |
| Operations and supports expenses                  |   |       | 75,380     |   |   |   | 245,692   |         |   |   |         |   |   |   | 321,072 |   |
| Depreciation and amortization expenses            |   |       | 7,414      |   |   |   | 6,265     |         |   |   |         |   |   |   | 13,679 |   |
| Total segment operating expenses                  |   |       | 82,794     |   |   |   | 251,957   |         |   |   |         |   |   |   | 334,751 |   |
| Segment operation income (loss)                   |   |       | 260,859    |   |   |   | (242,559  | )            |   |   |         |   |   |   | 18,300 |   |
| Other income                                      |   |       | 180        |   |   |   | 306,005   |         |   |   |         |   |   |   | 306,185 |   |
| Segment income (loss) before income taxes         |   | $          | 261,039    |   |   | $      | 63,446    |         |   | $      |         |   |   | $ | 324,485 |   |
|                                              |   |       |       |   |   |   |      |         |   |   |         |   |   |   |   |   |
|  Segment Assets                              |   | $          | 13,647,051 |   |   | $      | 4,115,692 |         |   | $      | (3,951,595)  |   |   | $ | 13,811,148 |   |

----

|                                |   | June 30, 2010 (unaudited) |          |   | December 31, 2009 |   |
|-------------------------------------|--------|---------------------------|---------------|--------|-------------------|--------|
|                                |   |                      |          |   |              |   |
| Computer and Office Equipment       |   | $                         | 93,039        |   |              | $      | 68,400 |   |
| Motor Vehicles                      |   |                      | 271,163       |   |              |   | - |   |
|  Leasehold Improvement         |   |                      |   71,273 |   |              |   |  - |   |
|  Less accumulated depreciation |   |                      | (40,136)      |   |              |   | (26,457) |   |
|                                |   | $                         | 395,339  |   |              | $      | 41,943  |   |

----

|  Year ending December 31 |   | Amount |    |
|-------------------------------|--------|--------|---------|
| 2010                          |   | $      | 77,026  |   |
| 2011                          |   |   | 154,944 |   |
| 2012                          |   |   | 36,301  |   |
| Total                         |   | $      | 268,271 |   |

----

----

| 1. | The first 90 days, we will continue to focus on these two segments of business: a) business consulting service in China, b) Value-added telecom service in the U.S. Business consulting serviceYi An started to contribute revenue and profits to us since June 1, 2010. We expect the demand of Yi An’s consulting service will continue to grow rapidly, To maintain the high growth, we will launch a new customer-relationship-building strategy by sending our sales managers to visit Small-and-Medium Enterprises (SMEs) Associations in major cities in GuangDong province. We expect to expand our sales team by hiring more sales managers to better support our growth strategy. Value-added telecom serviceAlthough we will continue to sign up subscribers to our services through existing marketing channels, such as a referral program, online advertising.  As our agreement signed on December 14, 2009, we are planning to move our customer and business operation to Global Apex within the next 90 days. Upon completion, Apextalk will not actively involve in the management of the telecom operation.  However, we will keep on monitoring the operation, which we still own 30% equity interest, is continuing to grow the business. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|  2. | The next 180 days to the end of the 12 months period, depending on the performance of our Yi An subsidiary, we may consider increasing our equity interest in Yi An in the second half of the year. We are planning to open new offices in China, possibly located in Beijing, Foshan and Dongguan Cities. These new offices will provide business consulting services same as Yi An in Guangzhou City to the clients in those cities. We expect the opening of these new offices will further expand our business network to the local clients, as well as diversify our source of revenue geographically.  |
|----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                 |   | 2010   |    |   | 2009   |   |
|----------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
|                                                                                                                 |   |   |    |   |   |   |
| Telecom Revenue                                                                                                      |   | $      | 9,398   |   |   | $      | 6,672 |   |
| Consultancy Fees earned - from a related company                                                                     |   |   | 327,725 |   |   |   | - |   |
| Consultancy Fees earned                                                                                              |   |   | 15,928  |   |   |   | - |   |
|       Total Revenue                                                                    |   |   | 353,051 |   |   |   | 6,672 |   |
|                                                                                                                 |   |   |    |   |   |   |   |   |
| Cost of  Telecom Services                                                                                  |   |   | 13,884  |   |   |   | 17,408 |   |
|                                                                                                                 |   |   |    |   |   |   |   |   |
| Gross Profit  (Loss)                                                                                       |   |   | 339,167 |   |   |   | (10,736 | ) |
|                                                                                                                 |   |   |    |   |   |   |   |   |
| Operating Expenses                                                                                                   |   |   |    |   |   |   |   |   |
| Payroll expenses                                                                                                     |   |   | 78,844  |   |   |   | 3,330 |   |
| Rent and utilities                                                                                                   |   |   | 22,860  |   |   |   | 2,670 |   |
| General and administrative                                                                                           |   |   | 87,982  |   |   |   | 48,683 |   |
| Legal and professional fees                                                                                          |   |   | 131,181 |   |   |   | 59,772 |   |
|   Total Operating Expenses                                                                                 |   |   | 320,867 |   |   |   | 114,455 |   |
|                                                                                                                 |   |   |    |   |   |   |   |   |
| Income (Loss) From Operations                                                                                        |   |   | 18,300  |   |   |   | (125,191 | ) |
|                                                                                                                 |   |   |    |   |   |   |   |   |
| Other Income                                                                                                         |   |   |    |   |   |   |   |   |
|     Gain on bargain purchase of Yi An                                                            |   |   | 306,005 |   |   |   | - |   |
|  Interest income                                                                                                |   |   | 180     |   |   |   | - |   |
|     Total Other Income                                                                           |   |   | 306,185 |   |   |   | - |   |
|                                                                                                                 |   |   |    |   |   |   |   |   |
| Income (Loss) from Operations before Income Taxes                                                                    |   |   | 324,485 |   |   |   | (125,191 | ) |
|                                                                                                                 |   |   |    |   |   |   |   |   |
|     Provision for Income Taxes                                                                   |   |   | (54,927 | )      |   |   | (4,038 | ) |
|                                                                                                                 |   |   |    |   |   |   |   |   |
| Net Income (Loss)                                                                                                    |   |   | 269,558 |   |   |   | (129,229 | ) |
|                                                                                                                 |   |   |    |   |   |   |   |   |
|     Less: Net profit attributable to noncontrolling interests                                    |   |   | 110,068 |   |   |   | - |   |
|                                                                                                                 |   |   |    |   |   |   |   |   |
| Net Income (Loss) attributable to Apextalk's Stockholders                                                            |   |   | 159,490 |   |   |   | (129,229 | ) |
|                                                                                                                 |   |   |    |   |   |   |   |   |
| Other Comprehensive Income                                                                                           |   |   |    |   |   |   |   |   |
|       Total foreign currency translation gain                                          |   |   | 36,709  |   |   |   | - |   |
|       Less: foreign currency translation gain attributable to noncontrolling interests |   |   | 17,987  |   |   |   | - |   |
|     Foreign currency translation gain attributable to Apextalk's stockholders                    |   |   | 18,722  |   |   |   | - |   |
|                                                                                                                 |   |   |    |   |   |   |   |   |
| Comprehensive Income (Loss)                                                                                          |   | $      | 178,212 |   |   | $      | (129,229 | ) |

----

----

|                                                                                                                 |   | 2010   |    |   | 2009   |   |
|----------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
|                                                                                                                 |   |   |    |   |   |   |
| Telecom Revenue                                                                                                      |   | $      | 5,668   |   |   | $      | 3,546 |   |
| Consultancy Fees earned - from a related company                                                                     |   |   | 327,725 |   |   |   | - |   |
| Consultancy Fees earned                                                                                              |   |   | 15,928  |   |   |   | - |   |
|       Total Revenue                                                                    |   |   | 349,321 |   |   |   | 3,546 |   |
|                                                                                                                 |   |   |    |   |   |   |   |   |
| Cost of  Telecom Services                                                                                  |   |   | 6,779   |   |   |   | 6,453 |   |
|                                                                                                                 |   |   |    |   |   |   |   |   |
| Gross Profit  (Loss)                                                                                       |   |   | 342,542 |   |   |   | (2,907 | ) |
|                                                                                                                 |   |   |    |   |   |   |   |   |
| Operating Expenses                                                                                                   |   |   |    |   |   |   |   |   |
| Payroll expenses                                                                                                     |   |   | 50,023  |   |   |   | 1,665 |   |
| Rent and utilities                                                                                                   |   |   | 16,860  |   |   |   | 1,335 |   |
| General and administrative                                                                                           |   |   | 56,173  |   |   |   | 23,937 |   |
| Legal and professional fees                                                                                          |   |   | 94,692  |   |   |   | 14,358 |   |
|   Total Operating Expenses                                                                                 |   |   | 217,748 |   |   |   | 41,295 |   |
|                                                                                                                 |   |   |    |   |   |   |   |   |
| Income (Loss) From Operations                                                                                        |   |   | 124,794 |   |   |   | (44,202 | ) |
|                                                                                                                 |   |   |    |   |   |   |   |   |
| Other Income                                                                                                         |   |   |    |   |   |   |   |   |
|     Gain on bargain purchase of Yi An                                                            |   |   | 306,005 |   |   |   | - |   |
|  Interest income                                                                                                |   |   | 180     |   |   |   | - |   |
|     Total Other Income                                                                           |   |   | 306,185 |   |   |   | - |   |
|                                                                                                                 |   |   |    |   |   |   |   |   |
| Income (Loss) from Operations before Income Taxes                                                                    |   |   | 430,979 |   |   |   | (44,202 | ) |
|                                                                                                                 |   |   |    |   |   |   |   |   |
|     Provision for Income Taxes                                                                   |   |   | (53,339 | )      |   |   | (1,219 | ) |
|                                                                                                                 |   |   |    |   |   |   |   |   |
| Net Income (Loss)                                                                                                    |   |   | 377,640 |   |   |   | (45,421 | ) |
|                                                                                                                 |   |   |    |   |   |   |   |   |
|     Add: Net profit attributable to noncontrolling interests                                     |   |   | 110,068 |   |   |   | - |   |
|                                                                                                                 |   |   |    |   |   |   |   |   |
| Net Income (Loss) attributable to Apextalk's Stockholders                                                            |   |   | 267,572 |   |   |   | (45,421 | ) |
|                                                                                                                 |   |   |    |   |   |   |   |   |
| Other Comprehensive Income                                                                                           |   |   |    |   |   |   |   |   |
|       Total foreign currency translation gain                                          |   |   | 36,709  |   |   |   | - |   |
|       Less: foreign currency translation gain attributable to noncontrolling interests |   |   | 17,987  |   |   |   | - |   |
|     Foreign currency translation gain attributable to Apextalk's stockholders                    |   |   | 18,722  |   |   |   | - |   |
|                                                                                                                 |   |   |    |   |   |   |   |   |
| Comprehensive Income (Loss)                                                                                          |   | $      | 286,294 |   |   | $      | (45,421 | ) |

----

----

----

|                       |   | APEXTALK HOLDINGS, INC. |
|----------------------------|--------|-------------------------|
|                       |   | Registrant              |
|                       |   |                    |
| Date: August 19, 2010 |   | By: /s/ Hui Liu         |
|                       |   | Hui Liu                 |
|                       |   | Chief Executive Officer |

|                  |   |                                           |
|-----------------------|--------|------------------------------------------------|
| Date: August 19, 2010 |   | By: /s/ Shan Liu                               |
|                  |   | Shan LiuChief Financial and Accounting Officer |