----

----

| 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 Number) |   | (IRS Employer Identification No.) |

| Large Accelerated Filer o                                                                                      | Accelerated Filer o   |
|----------------------------------------------------------------------------------------------------------------|---------------------------------|
| Non-Accelerated Filer o   (Do not check if a smaller reporting company)     | Smaller Reporting Company x     |

----

----

| Item 1. | Financial Statements                                                                             |   1  |
|---------|--------------------------------------------------------------------------------------------------|-----------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |   15 |
| Item 3. | Quantitative and Qualitative Disclosures About Market Risk                                       |   20 |
| Item 4. | Controls and Procedures                                                                          |   20 |

|  Item 1  | Legal Proceedings                                           |   21 |
|---------------|-------------------------------------------------------------|-----------|
|  Item 1A | Risk Factors                                                |   21 |
|  Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds |   21 |
|  Item 3. | Defaults Upon Senior Securities                             |   21 |
|  Item 4. | (Removed and Reserved)                                      |   21 |
|  Item 5. | Other Information                                           |   21 |
|  Item 6. | Exhibits                                                    |   21 |

----

| APEXTALK HOLDINGS, INC.          |
|---------------------------------------|
| CONDENSED CONSOLIDATED BALANCE SHEETS |
|                                  |

|                                                                                                                                                                                                                          |   | March 31, 2011 (Unaudited) |       |   | December 31, 2010 |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|------------|--------|-------------------|--------|
|  ASSETS                                                                                                                                                                                                                  |   |                            |       |   |              |   |
| Current Assets                                                                                                                                                                                                                |   |                            |       |   |              |   |
|   Cash and cash equivalents                                                                                                                                                                                         |   | $                               | 5,698,459  |   |              | $      | 3,870,882 |   |
|   Accounts receivable from a related company                                                                                                                                                                        |   |                            | 1,124,796  |   |              |   | 706,361 |   |
|   Accounts receivable from third parties                                                                                                                                                                       |   |                            | 667,414    |   |              |   | 693,021 |   |
|   Other receivables, net                                                                                                                                                                                            |   |                            | 203,082    |   |              |   | 52,050 |   |
|   Prepaid expenses                                                                                                                                                                                                  |   |                            | 7,283      |   |              |   | 1,442 |   |
|   Deposits paid for acquiring property and equipment                                                                                                                                                                |   |                            | 272,842    |   |              |   | - |   |
|   Short-term advance to a related company                                                                                                                                                                           |   |                            | 609,747    |   |              |   | - |   |
|   Note receivable from a related company                                                                                                                                                                            |   |                            |       |   |              |   | 1,851,009 |   |
|   Entrusted bank loan receivable                                                                                                                                                                                    |   |                            | 21,798,448 |   |              |   | 18,661,811 |   |
|   Current assets of discontinued operations                                                                                                                                                                         |   |                            | 1,487      |   |              |   | 1,718 |   |
|  Total Currents Assets                                                                                                                                                                                                   |   |                            | 30,383,558 |   |              |   | 25,838,294 |   |
| Property and equipment, net                                                                                                                                                                                                   |   |                            | 420,524    |   |              |   | 406,301 |   |
| Patent, net                                                                                                                                                                                                                   |   |                            | 8,969      |   |              |   | 8,969 |   |
|   Noncurrent assets of discontinued operations                                                                                                                                                                      |   |                            | 17,597     |   |              |   | 19,521 |   |
|   Total Assets                                                                                                                                                                                                      |   | $                               | 30,830,648 |   |              | $      | 26,273,085 |   |
|  LIABILITIES AND EQUITY                                                                                                                                                                                                  |   |                            |       |   |              |   |   |   |
|                                                                                                                                                                                                                          |
| Current Liabilities                                                                                                                                                                                                           |   |                            |       |   |              |   |   |   |
|   Accounts payable                                                                                                                                                                                                  |   | $                               | 20,842     |   |              | $      | 36,793 |   |
|   Accrued expenses from other payables                                                                                                                                                                              |   |                            | 183,742    |   |              |   | 135,395 |   |
|   Advance from customers                                                                                                                                                                                            |   |                            | 1,586,940  |   |              |   | 1,094,365 |   |
|   Short term note payable                                                                                                                                                                                           |   |                            | 2,539,595  |   |              |   | 2,527,689 |   |
|   Income tax payable                                                                                                                                                                                                |   |                            | 752,560    |   |              |   | 2,253,071 |   |
|   Other taxes payable                                                                                                                                                                                               |   |                            | 149,062    |   |              |   | - |   |
|   Current liabilities of discontinued operations                                                                                                                                                                    |   |                            | 50,838     |   |              |   | 50,838 |   |
|  Total Current Liabilities                                                                                                                                                                                               |   |                            | 5,283,579  |   |              |   | 6,098,151 |   |
|                                                                                                                                                                                                                          |   |                            |       |   |              |   |   |   |
|  Total Liabilities                                                                                                                                                                                                       |   |                            | 5,283,579  |   |              |   | 6,098,151 |   |
|                                                                                                                                                                                                                          |   |                            |       |   |              |   |   |   |
|  Commitments and Contingencies                                                                                                                                                                                           |   |                            | -          |   |              |   | - |   |
|                                                                                                                                                                                                                          |   |                            |       |   |              |   |   |   |
| Stockholders' Equity                                                                                                                                                                                                          |   |                            |       |   |              |   |   |   |
|   Common stock, authorized 20,000,000 shares, par  value $0.001, 3,911,951 shares and 3,370,284 shares issued and outstanding  on March 31, 2011 and  December 31, 2010, respectively |   |                            | 3,912      |   |              |   | 3,370 |   |
|   Additional paid-in-capital                                                                                                                                                                                        |   |                            | 11,800,807 |   |              |   | 8,467,246 |   |
|   Accumulated earnings                                                                                                                                                                                              |   |                            | 8,413,075  |   |              |   | 4,484,588 |   |
|   Accumulated other comprehensive income                                                                                                                                                                            |   |                            | 523,541    |   |              |   | 356,162 |   |
|        Total Stockholders' Equity                                                                                                                                                          |   |                            | 20,741,335 |   |              |   | 13,311,366 |   |
|   Noncontrolling interests                                                                                                                                                                                          |   |                            | 4,805,734  |   |              |   | 6,863,568 |   |
|  Total Equity                                                                                                                                                                                                            |   |                            | 25,547,069 |   |              |   | 20,174,934 |   |
|                                                                                                                                                                                                                          |   |                            |       |   |              |   |   |   |
| Total Liabilities and Equity                                                                                                                                                                                                  |   | $                               | 30,830,648 |   |              | $      | 26,273,085 |   |
|                                                                                                                                                                                                                          |   |                            |       |   |              |   |   |   |
| See accompanying notes to unaudited condensed consolidated financial statements                                                                                                                                          |   |

----

| APEXTALK HOLDINGS, INC. AND SUBSIDIARIES  |
|------------------------------------------------|
|  CONSOLIDATED STATEMENTS OF OPERATIONS    |
| AND OTHER COMPREHENSIVE INCOME                 |
| (Unaudited)                                    |

|                                                                                                                 |   | For the Three Months Ended March 31, |       |
|----------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------|------------|
|                                                                                                                 |   | 2011                                 |       |   | 2010 |   |
|                                                                                                                 |   |                                 |       |   |   |   |
| Consultancy fees earned - from a related company, net                                                                |   | $                                    | 711,330    |   |   | $ | - |   |
| Consultancy fees earned, net                                                                                         |   |                                 | 6,390,524  |   |   |   | - |   |
|       Total Revenue, net                                                               |   |                                 | 7,101,854  |   |   |   | - |   |
|                                                                                                                 |   |                                 |       |   |   |   |   |   |
| Operating Expenses                                                                                                   |   |                                 |       |   |   |   |   |   |
| Payroll expenses                                                                                                     |   |                                 | 161,886    |   |   |   | 27,696 |   |
| Rent and utilities                                                                                                   |   |                                 | 77,388     |   |   |   | 5,100 |   |
| General and administrative                                                                                           |   |                                 | 338,938    |   |   |   | 22,623 |   |
| Legal and professional fees                                                                                          |   |                                 | 138,875    |   |   |   | 35,689 |   |
|   Total Operating Expenses                                                                                 |   |                                 | 717,087    |   |   |   | 91,108 |   |
|                                                                                                                 |   |                                 |       |   |   |   |   |   |
| Operating Income (Loss)                                                                                              |   |                                 | 6,384,767  |   |   |   | (91,108 | ) |
|                                                                                                                 |   |                                 |       |   |   |   |   |   |
|                                                                                                                 |   |                                 |       |   |   |   |   |   |
| Other Income                                                                                                         |   |                                 |       |   |   |   |   |   |
| Interest income from entrusted bank loan receivable                                                                  |   |                                 | 582,940    |   |   |   | - |   |
| Interest income                                                                                                      |   |                                 | 3,213      |   |   |   | - |   |
|     Total Other Income                                                                           |   |                                 | 586,153    |   |   |   | - |   |
|                                                                                                                 |   |                                 |       |   |   |   |   |   |
| Income (Loss) from Continuing Operations before Income Taxes and Discontinued Operations                             |   |                                 | 6,970,920  |   |   |   | (91,108 | ) |
|                                                                                                                 |   |                                 |       |   |   |   |   |   |
|     Provision for Income Taxes                                                                   |   |                                 | (1,746,197 | ) |   |   | (1,588 | ) |
|                                                                                                                 |   |                                 |       |   |   |   |   |   |
| Net Income (Loss) from Continuing Operations                                                                         |   |                                 | 5,224,723  |   |   |   | (92,696 | ) |
|                                                                                                                 |   |                                 |       |   |   |   |   |   |
| Discontinued Operations, Net of Taxes                                                                                |   |                                 |       |   |   |   |   |   |
|      Loss from discontinued operations, net of taxes                                        |   |                                 | (2,156     | ) |   |   | (15,386 | ) |
| Loss from Discontinued Operations                                                                                    |   |                                 | (2,156     | ) |   |   | (15,386 | ) |
|                                                                                                                 |   |                                 |       |   |   |   |   |   |
| Net Income (Loss)                                                                                                    |   |                                 | 5,222,567  |   |   |   | (108,082 | ) |
|                                                                                                                 |   |                                 |       |   |   |   |   |   |
|     Less: Income attributable to noncontrolling interests                                        |   |                                 | 1,294,080  |   |   |   | - |   |
|                                                                                                                 |   |                                 |       |   |   |   |   |   |
| Net Income (Loss) attributable to stockholders                                                                       |   |                                 | 3,928,487  |   |   |   | (108,082 | ) |
|                                                                                                                 |   |                                 |       |   |   |   |   |   |
| Amounts attributable to Stockholders                                                                                 |   |                                 |       |   |   |   |   |   |
|    Income from continuing operations                                                                  |   |                                 | 3,930,643  |   |   |   | (92,696 | ) |
|    Discontinued operations, net of taxes                                                              |   |                                 | (2,156     | ) |   |   | (15,386 | ) |
|    Net income (loss)                                                                                  |   |                                 | 3,928,487  |   |   |   | (108,082 | ) |
|                                                                                                                 |   |                                 |       |   |   |   |   |   |
| Other Comprehensive Income                                                                                           |   |                                 |       |   |   |   |   |   |
|       Total foreign currency translation gain                                          |   |                                 | 111,068    |   |   |   | - |   |
|       Less: foreign currency translation gain attributable to noncontrolling interests |   |                                 | (27,356    | ) |   |   | - |   |
|     Foreign currency translation gain attributable to stockholders                               |   |                                 | 83,712     |   |   |   | - |   |
|                                                                                                                 |   |                                 |       |   |   |   |   |   |
| Comprehensive Income (Loss)                                                                                          |   | $                                    | 4,012,199  |   |   | $ | (108,082 | ) |
|                                                                                                                 |   |                                 |       |   |   |   |   |   |
|                                                                                                                 |   |                                 |       |   |   |   |   |   |
| Basic and Diluted Net Income (Loss) per Share attributable to stockholders                                      |   |
|      Net income (loss) per share from continuing operations                                 |   | $                                    | 1.10       |   |   | $ | (0.10 | ) |
|      Discontinued operations                                                                |   |                                 | (0.00      | ) |   |   | (0.01 | ) |
|      Net income (loss) per share                                                            |   | $                                    | 1.10       |   |   | $ | (0.11 | ) |
|                                                                                                                 |   |                                 |       |   |   |   |   |   |
| Weighted average number of common shares outstanding                                                                 |   |                                 |       |   |   |   |   |   |
| during the year - Basic and Diluted                                                                             |   |                                 | 3,580,932  |   |   |   | 962,424 |   |

----

|                                                                        |   | Common Stock |      |   | Paid in |   |    | Accumulated Earnings |   |   | Accumulated Other Comprehensive |   |   | Total Stockholders’ Equity |      |   | Noncontrolling |          |    | Total Equity |   |
|-----------------------------------------------------------------------------|--------|--------------|-----------|--------|---------|--------|---------|----------------------|--------|--------|---------------------------------|--------|--------|----------------------------------|-----------|--------|----------------|---------------|---------|--------------|--------|
|                                                                        |   | Shares       |      |   | Amount  |   |    | Capital              |   |   |                            |   |   | Income                           |      |   |           |          |    | Interest     |   |   |   |   |
| Balance, December 31, 2010                                                  |   |         | 3,370,284 |   |    |   | 3,370   |                 |   |   | 8,467,246                       |   |   |                             | 4,484,588 |   |           | 356,162       |    |         |   | 13,311,366 |   |   |   6,863,568 |   |   |   | 20,174,934 |   |
|                                                                        |   |         |      |   |    |   |    |                 |   |   |                            |   |   |                             |      |   |           |          |    |         |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for cash                                                |   |         | 541,667   |   |    |   | 542     |                 |   |   | 1,299,458                       |   |   |                             | —   |   |           |  — |    |         |   | 1,300,000 |   |   |   — |   |   |   | 1,300,000 |   |
|                                                                        |   |         |      |   |    |   |    |                 |   |   |                            |   |   |                             |      |   |           |          |    |         |   |   |   |   |   |   |   |   |   |   |   |   |
| Acquisition of additional Yi An’s shares from noncontrolling interest |   |         | —   |   |    |   | — |                 |   |   | 2,034,103                       |   |   |                             | —   |   |           |          | 83,667  |         |   |   | 2,117,770 |   |   |   | (3,379,270 | ) |   |   | (1,261,500 | ) |
|                                                                        |   |         |      |   |    |   |    |                 |   |   |                            |   |   |                             |      |   |           |          |    |         |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                                                  |   |         | —   |   |    |   | — |                 |   |   | —                         |   |   |                             | 3,928,487 |   |           |          | — |         |   |   | 3,928,487 |   |   |   | 1,294,080 |   |   |   | 5,222,567 |   |
|                                                                        |   |         |      |   |    |   |    |                 |   |   |                            |   |   |                             |      |   |           |          |    |         |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                        |   |         |      |   |    |   |    |                 |   |   |                            |   |   |                             |      |   |           |          |    |         |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                        |   |         |      |   |    |   |    |                 |   |   |                            |   |   |                             |      |   |           |          |    |         |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                        |   |         |      |   |    |   |    |                 |   |   |                            |   |   |                             |      |   |           |          |    |         |   |   |   |   |   |   |   |   |   |   |   |   |
| Foreign currency translation gain                                           |   |         | —   |   |    |   | — |                 |   |   | —                         |   |   |                             | —   |   |           |          | 83,712  |         |   |   | 83,712 |   |   |   | 27,356 |   |   |   | 111,068 |   |
|                                                                        |   |         |      |   |    |   |    |                 |   |   |                            |   |   |                             |      |   |           |          |    |         |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, March 31, 2011 (Unaudited)                                         |   |         | 3,911,951 |   |    | $      | 3,912   |                 |   | $      | 11,800,807                      |   |   | $                                | 8,413,075 |   |           | $             | 523,541 |         |   | $ | 20,741,335 |   |   | $ | 4,805,734 |   |   | $ | 25,547,069 |   |

----

|                                                                                              |   | For the Three Months Ended March 31, |        |
|---------------------------------------------------------------------------------------------------|--------|--------------------------------------|-------------|
|                                                                                              |   | 2011                                 |        |   | 2010 |   |
| Cash flows from operating activities                                                              |   |                                 |        |   |   |   |
| Net income (loss)                                                                                 |   | $                                    | 5,222,567   |   |   | $ | (108,082 | ) |
| Less discontinued operations, net of tax                                                          |   |                                 | (2,156      | ) |   |   | (15,386 | ) |
| Net income (loss) from continuing operations                                                      |   |                                 | 5,224,723   |   |   |   | (92,696 | ) |
| Adjustment to reconcile net income (loss) to net cash provided by (used in) operating activities: |   |                                 |        |   |   |   |   |   |
|                                                                                              |   |                                 |        |   |   |   |   |   |
| Depreciation and amortization                                                                     |   |                                 | 31,158      |   |   |   | 32 |   |
| In kind contribution of services                                                                  |   |                                 | —     |   |   |   | 7,900 |   |
| Change in operating assets and liabilities:                                                       |   |                                 |        |   |   |   |   |   |
| (Increase) in accounts receivable from related parties                                            |   |                                 | (413,827    | ) |   |   | — |   |
| Decrease in accounts receivable from third parties                                                |   |                                 | 28,782      |   |   |   | — |   |
| (Increase) Decrease in other receivables                                                          |   |                                 | (150,321    | ) |   |   | 1,871 |   |
| (Increase) in short term advance to a related company                                             |   |                                 | (607,866    | ) |   |   |   |   |
| (Increase) in prepaid expenses                                                                    |   |                                 | (5,841      | ) |   |   | (22,000 | )  |
| (Increase) in other asset                                                                         |   |                                 | —     |   |   |   | (60,000 | ) |
| Increase (Decrease) in accounts payable                                                           |   |                                 | (15,951     | ) |   |   | 2,544 |   |
| Increase (Decrease) in accrued expenses and other payables                                        |   |                                 | 47,694      |   |   |   | (3,392 | ) |
| Increase in advanced from customers                                                               |   |                                 | 485,916     |   |   |   | — |   |
| Increase in other tax payable                                                                     |   |                                 | 148,602     |   |   |   | — |   |
| (Decrease) in income tax payable                                                                  |   |                                 | (1,506,461  | ) |   |   | — |   |
| Net cash provided by (used in) operating activities from continuing operations                    |   |                                 | 3,266,608   |   |   |   | (165,741 | ) |
| Net cash (used in) operating activities from discontinued operations                              |   |                                 | (231        | ) |   |   | (19,877 | ) |
| Net cash provided by (used in) operating activities                                               |   |                                 | 3,266,377   |   |   |   | (185,618 | ) |
|                                                                                              |   |                                 |        |   |   |   |   |   |
| Cash flows from investing activities                                                              |   |                                 |        |   |   |   |   |   |
| Payment for purchase of Yi An interests                                                           |   |                                 | (1,261,500  | ) |   |   | — |   |
| Purchase of equipment                                                                             |   |                                 | (43,479     | ) |   |   | — |   |
| (Increase) in deposits paid to acquiring P&E                                                  |   |                                 | (272,001    | ) |   |   | — |   |
| Repayment of notes receivable from a related company                                              |   |                                 | 1,853,991   |   |   |   | — |   |
| (Increase) in entrusted bank loan receivable                                                      |   |                                 | (3,039,329  | ) |   |   | — |   |
| Net cash (used in) investing activities from continuing operations                                |   |                                 | (2,762,318  | ) |   |   | — |   |
| Net cash (used in) investing activities from discontinued operations                              |   |                                 | —     |   |   |   | — |   |
| Net cash (used in) investing activities                                                           |   |                                 | (2,762,318  | ) |   |   | — |   |
|                                                                                              |   |                                 |        |   |   |   |   |   |
| Cash flows from financing activities                                                              |   |                                 |        |   |   |   |   |   |
| Proceeds from issuance of common stock                                                            |   |                                 | 1,300,000   |   |   |   | 2,000,000 |   |
| Proceeds from stockholder loan                                                                    |   |                                 | —     |   |   |   | 18,578 |   |
| Net cash provided by financing activities from continuing operations                              |   |                                 | 1,300,000   |   |   |   | 2,018,578 |   |
| Net cash provided by financing activities from discontinued operations                            |   |                                 | —     |   |   |   | 100 |   |
| Net cash provided by financing activities                                                         |   |                                 | 1,300,000   |   |   |   | 2,018,678 |   |
|                                                                                              |   |                                 |        |   |   |   |   |   |
| Effect of exchange rates on cash                                                                  |   |                                 | 23,287      |   |   |   | — |   |
|                                                                                              |   |                                 |        |   |   |   |   |   |
| Net increase in cash                                                                              |   |                                 | 1,827,346   |   |   |   | 1,833,060 |   |
|                                                                                              |   |                                 |        |   |   |   |   |   |
| Cash and cash equivalents from continuing operations at beginning of period                       |   |                                 | 3,870,882   |   |   |   | — |   |
| Cash and cash equivalents from discontinued operations at beginning of period                     |   |                                 |  1,718 |   |   |   |  21,710 |   |
| Cash and cash equivalents at end of period                                                        |   |                                 | 5,699,946   |   |   |   | 1,854,770 |   |
| Less cash and cash equivalents from discontinued operations at end of period                      |   |                                 | 1,487       |   |   |   | 8,803 |   |
| Cash and cash equivalents from continuing operations at end of period                             |   | $                                    | 5,698,459   |   |   | $ | 1,845,967 |   |
|                                                                                              |   |                                 |        |   |   |   |   |   |
| Cash paid during the period for:                                                                  |   |                                 |        |   |   |   |   |   |
| Interest                                                                                          |   | $                                    | —     |   |   | $ | — |   |
| Income taxes                                                                                      |   | $                                    | 2,064,606   |   |   | $ | 6,350 |   |

----

----

----

----

|                                                                                                               |   | March 31, 2011  |
|--------------------------------------------------------------------------------------------------------------------|--------|-----------------|
| Balance sheet items, except for share capital, additional paid-in capital and retained earnings as of period ended |   | RMB1=US$0.15244 |
| Amounts included in the statements of operations and cash flows for the period                                     |   | RMB1=US$0.15197 |

----

----

|                                                             |   |                  |   |   |       |   |
|------------------------------------------------------------------|--------|-----------------------|--------|--------|------------|--------|
|                                                             |   | 3/31/2011 (Unaudited) |   |   | 12/31/2010 |   |
| Assets in discontinued operations                                |   |                  |   |   |       |   |
| Current assets:                                                  |   |                  |   |   |       |   |
|     Cash and cash equivalents                |   | $                     | 1,487  |   |       | $      | 1,718 |   |
|     Accounts receivable, net of allowance         |   |                  | -      |   |       |   | - |   |
|     Total current assets                     |   |                  | 1,487  |   |       |   | 1,718 |   |
|                                                             |   |                  |   |   |       |   |   |   |
| Non-current assets:                                              |   |                  |   |   |       |   |   |   |
|      Property, plant and equipment, net |   |                  | 17,597 |   |       |   | 19,521 |   |
|                                                             |   |                  |   |   |       |   |   |   |
| Total assets in discontinued operations                          |   | $                     | 19,084 |   |       | $      | 21,239 |   |
|                                                             |   |                  |   |   |       |   |   |   |
| Liabilities in discontinued operations                           |   |                  |   |   |       |   |   |   |
|      Accounts payable                   |   | $                     | 10,419 |   |       | $      | 10,419 |   |
|      Accrued expenses                   |   |                  | 40,419 |   |       |   | 40,419 |   |
|                                                             |   |                  |   |   |       |   |   |   |
| Total liabilities in discontinued operations                     |   | $                     | 50,838 |   |       | $      | 50,838 |   |

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|                                                  |   | Three Months Ended |      |
|-------------------------------------------------------|--------|-------------------------|-----------|
|                                                  |   | 3/31/2011               |      |   | 3/31/2010 |   |
|                                                  |   |                    |      |   |   |   |
| Revenue                                               |   | $                       | -         |   |   | $ | 3,730 |   |
| Cost of revenue                                       |   |                    | -         |   |   |   | 7,105 |   |
| Gross loss                                            |   |                    | -         |   |   |   | (3,375 | ) |
| Net loss                                              |   |                    | (2,156    | ) |   |   | (15,386 | ) |
| Net loss attributable to the Company                  |   | $                       | (2,156    | ) |   | $ | (15,386 | ) |
|                                                  |   |                    |      |   |   |   |   |   |
| Per share information attributable to the Company     |   |                    |      |   |   |   |   |   |
| Basic and diluted net loss per common shares          |   | $                       | (0.00     | ) |   | $ | (0.01 | ) |
| Average common shares outstanding - basic and diluted |   |                    | 3,580,932 |   |   |   | 962,424 |   |

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|                                |   | March 31, 2011 (Unaudited) |          |   | December 31, 2010 |   |
|-------------------------------------|--------|---------------------------------|---------------|--------|-------------------|--------|
|                                |   |                            |          |   |              |   |
| Computer and Office Equipment       |   | $                               | 59,145        |   |              | $      | 57,138 |   |
| Motor Vehicles                      |   |                            | 381,247       |   |              |   | 338,085 |   |
|  Leasehold Improvement         |   |                            | 80,917        |   |              |   | 80,705 |   |
|  Less accumulated depreciation |   |                            | (100,785)     |   |              |   | (69,627) |   |
|                                |   | $                               | 420,524  |   |              | $      | 406,301 |   |

|  Year ending December 31 |   | Amount |    |
|-------------------------------|--------|--------|---------|
| 2011                          |   | $      | 252,720 |   |
| 2012                          |   |   | 195,223 |   |
| 2013                          |   |   | 159,041 |   |
| 2014                          |   |   | 100,240 |   |
| 2015                          |   |   | 68,900  |   |
| Total                         |   | $      | 776,124 |   |

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| ●   | Focusing on developing financial institution clients with influence in the region; |
|---------------------|------------------------------------------------------------------------------------|

| ●   | Giving priority to institutions which bring quick results, require less processing and operate short-term loans, such as small loan companies and pawn companies; |
|---------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | Gradual development of guarantee company clients which have a relatively long history, clients with high royalty rates and flexible liquidity raising methods; |
|---------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | Acquiring more commercial bank clients in the future. |
|---------------------|-------------------------------------------------------|

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| 1.     | The first 90 days, we will continue to focus on our financial advisory consulting service in Beijing and major cities in Guangdong Province in China.                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   | Yi An is based in Guangzhou, and has vigorously expanded its business throughout the Pearl River Delta and Beijing area since it was founded.                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   | Based on our year-to-date statistics, we expect Yi An’s consulting service to continue to grow rapidly throughout the year of 2011. To maintain the growing trend, we will continue our customer-relationship- building strategy by sending our sales managers to visit target Small-and-Medium Enterprises (SMEs) Associations in the major cities of China.. We currently actively collaborate with trade associations such as Guangdong SME Financial & Listing Promotion Association, and trade magazines such as “SME Investment & Financing Magazine” to attract new clients. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 2.     | During the next 180 days, we will focus on maintaining the rapid growth of Yi An business, as well as improving earnings.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   | We will expand our business cooperating partners to other trade associations, such as Guarantee & Mortgage Industry Associations, Finance Associations, Private Industry Associations, Financial Institutions, and Local government offices in many regions.                                                                                                                                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   | We are planning to open additional offices in Shanghai and other major cities located in China. We will target SMEs. Our new offices will provide the same business consulting services as our current four offices. We expect the opening of these additional offices will expand our business network to the local clients, as well as diversify our source of revenue geographically. Having clients located in different geographic areas diversifies our business and mitigates the government policy risk which we would face if we were concentrated in a single geographic area.                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   | Results of Operation for the Three Months Ended March 31, 2011 and 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   | The following table presents certain consolidated statement of operations information for the three months ended March 31, 2011 and 2010. The discussion following the table is based on these results.                                                                                                                                                                                                                                                                                                                                                                                                       |

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|                                                                                                                 |   | 2011   |       |   | 2010   |   |
|----------------------------------------------------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|
|                                                                                                                 |   |   |       |   |   |   |
| Consultancy fees earned - from a related company, net                                                                |   | $      | 711,330    |   |   | $      | - |   |
| Consultancy fees earned, net                                                                                         |   |   | 6,390,524  |   |   |   | - |   |
|       Total Revenue, net                                                               |   |   | 7,101,854  |   |   |   | - |   |
|                                                                                                                 |   |   |       |   |   |   |   |   |
| Operating Expenses                                                                                                   |   |   |       |   |   |   |   |   |
| Payroll expenses                                                                                                     |   |   | 161,886    |   |   |   | 27,696 |   |
| Rent and utilities                                                                                                   |   |   | 77,388     |   |   |   | 5,100 |   |
| General and administrative                                                                                           |   |   | 338,938    |   |   |   | 22,623 |   |
| Legal and professional fees                                                                                          |   |   | 138,875    |   |   |   | 35,689 |   |
|   Total Operating Expenses                                                                                 |   |   | 717,087    |   |   |   | 91,108 |   |
|                                                                                                                 |   |   |       |   |   |   |   |   |
| Operating Income (Loss)                                                                                              |   |   | 6,384,767  |   |   |   | (91,108 | ) |
|                                                                                                                 |   |   |       |   |   |   |   |   |
|                                                                                                                 |   |   |       |   |   |   |   |   |
| Other Income                                                                                                         |   |   |       |   |   |   |   |   |
|     Interest income entrusted bank loan receivable                                               |   |   | 582,940    |   |   |   | - |   |
| Interest income                                                                                                      |   |   | 3,213      |   |   |   | - |   |
|     Total Other Income                                                                           |   |   | 586,153    |   |   |   | - |   |
|                                                                                                                 |   |   |       |   |   |   |   |   |
| Income (Loss) from Continuing Operations before Income Taxes and Discontinued Operations                             |   |   | 6,970,920  |   |   |   | (91,108 | ) |
|                                                                                                                 |   |   |       |   |   |   |   |   |
|     Provision for Income Taxes                                                                   |   |   | (1,746,197 | )      |   |   | (1,588 | ) |
|                                                                                                                 |   |   |       |   |   |   |   |   |
| Income (Loss) from Continuing Operations                                                                             |   |   | 5,224,723  |   |   |   | (92,696 | ) |
|                                                                                                                 |   |   |       |   |   |   |   |   |
| Discontinued Operations, Net of Taxes                                                                                |   |   |       |   |   |   |   |   |
|      Loss from discontinued operations, net of taxes                                        |   |   | (2,156     | )      |   |   | (15,386 | ) |
| Loss from Discontinued Operations                                                                                    |   |   | (2,156     | )      |   |   | (15,386 | ) |
|                                                                                                                 |   |   |       |   |   |   |   |   |
| Net Income (Loss)                                                                                                    |   |   | 5,222,567  |   |   |   | (108,082 | ) |
|                                                                                                                 |   |   |       |   |   |   |   |   |
|     Less: Income attributable to noncontrolling interests                                        |   |   | 1,294,080  |   |   |   | - |   |
|                                                                                                                 |   |   |       |   |   |   |   |   |
| Net Income (Loss) attributable to stockholders                                                                       |   |   | 3,928,487  |   |   |   | (108,082 | ) |
|                                                                                                                 |   |   |       |   |   |   |   |   |
| Amounts attributable to Stockholders                                                                                 |   |   |       |   |   |   |   |   |
|    Income from continuing operations                                                                  |   |   | 3,930,643  |   |   |   | (92,696 | ) |
|    Discontinued operations, net of taxes                                                              |   |   | (2,156     | )      |   |   | (15,386 | ) |
|    Net income (loss)                                                                                  |   |   | 3,928,487  |   |   |   | (108,082 | ) |
|                                                                                                                 |   |   |       |   |   |   |   |   |
| Other Comprehensive Income                                                                                           |   |   |       |   |   |   |   |   |
|       Total foreign currency translation gain                                          |   |   | 111,068    |   |   |   | - |   |
|       Less: foreign currency translation gain attributable to noncontrolling interests |   |   | (27,356    | )      |   |   | - |   |
|     Foreign currency translation gain attributable to stockholders                               |   |   | 83,712     |   |   |   | - |   |
|                                                                                                                 |   |   |       |   |   |   |   |   |
| Comprehensive Income (Loss)                                                                                          |   | $      | 4,012,199  |   |   | $      | (108,082 | ) |

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|                    |   | APEXTALK HOLDINGS, INC. |
|-------------------------|--------|-------------------------|
|                    |   | Registrant              |
|                    |   |                    |
| Date: May 16, 2011 |   | By: /s/ Hui Liu         |
|                    |   | Hui Liu                 |
|                    |   | Chief Executive Officer |

|               |   |                                           |
|--------------------|--------|------------------------------------------------|
| Date: May 16, 2011 |   | By: /s/ Shan Liu                               |
|               |   | Shan LiuChief Financial and Accounting Officer |

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