UNITED STATES 
SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

FORM 10Q/A(Amendment No. 1)

(Mark One)

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

For the quarterly period ended: September 30, 2009

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

For the transition period from ____________to _____________

Commission File Number: 000-53208

SINO GREEN LAND CORPORATION(Exact Name of Registrant as Specified in Its Charter)

|Nevada                                        | 54-0484915                          
|--------------------------------------------- | ------------------------------------
|(State or other jurisdiction of incorporation | (I.R.S. Employer Identification No.)
|or organization)                              |                                     

6/F No. 947, Qiao Xing Road, Shi Qiao Town 
Pan Yu District, Guang Zhou People's Republic of China 
(Address of principal executive offices, Zip Code)

86-20-84890337(Registrant's telephone number, including area code)

_____________________________________________________
(Former name, former address and former fiscal year, if changed since last
report)

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

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

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

|Large accelerated filer £                                                 | Accelerated filer £        
|------------------------------------------------------------------------- | ---------------------------
|Non-accelerated filer £ (Do not check
    if a smaller reporting company) | Smaller reporting company Q

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

The number of shares outstanding of each of the issuer's
classes of common stock, as of November 11, 2009 is as follows:

|Class of Securities            |  | Shares Outstanding
|------------------------------ |  | ------------------
|Common Stock, $0.001 par value |  | 104,943,337       
|                               |  |                   

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EXPLANATORY NOTE

This Amendment No. 1 on Form 10-Q/A (this "Amendment") amends
the Quarterly Report on Form 10-Q for the quarter ended September 30, 2009 filed
on November 16, 2009 (the "Original Filing"). This Amendment is being filed
solely:

- 



In addition, in connection with the filing of this Amendment
and pursuant to the rules of the Securities and Exchange Commission, we are
including with this Amendment certain currently dated certifications.

Except as described above, no other changes have been made to
the Original Filing. This Amendment continues to speak as of the date of the
Original Filing, and we have not updated the disclosures contained in this
Amendment to reflect any events that occurred at a date subsequent to the
Original Filing.



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TABLE OF CONTENTS

|                      |                                                                                              | Page
|--------------------- | -------------------------------------------------------------------------------------------- | ----
|PART I               
|FINANCIAL INFORMATION
|ITEM 1.               | FINANCIAL STATEMENTS.                                                                        | 1   
|ITEM 2.               | MANAGEMENTS DISCUSSION AND ANALYSIS OF
      FINANCIAL CONDITION AND RESULTS OF OPERATIONS. | 18  
|ITEM 3.               | QUANTITATIVE AND QUALITATIVE DISCLOSURES
      ABOUT MARKET RISK                             | 25  
|ITEM 4.               | CONTROLS AND PROCEDURES.                                                                     | 25  
|PART II              
|OTHER INFORMATION    
|ITEM 1.               | LEGAL PROCEEDINGS.                                                                           | 26  
|ITEM 1A.              | RISK FACTORS                                                                                 | 26  
|ITEM 2.               | UNREGISTERED SALES OF EQUITY SECURITIES
      AND USE OF PROCEEDS                            | 26  
|ITEM 3.               | DEFAULTS UPON SENIOR SECURITIES                                                              | 26  
|ITEM 4.               | SUBMISSION OF MATTERS TO A VOTE OF
      SECURITY HOLDERS                                    | 26  
|ITEM 5.               | OTHER INFORMATION                                                                            | 26  
|ITEM 6.               | EXHIBITS                                                                                     | 26  

i

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PART I FINANCIAL INFORMATION

ITEM 1.FINANCIAL STATEMENTS.

SINO GREEN LAND CORPORATION AND SUBSIDIARIES CONSOLIDATED
FINANCIAL STATEMENTS

|                                                                                                                                                  | Page
|------------------------------------------------------------------------------------------------------------------------------------------------- | ----
|Consolidated Balance
      Sheets as of September 30, 2009 (Unaudited) and December 31, 2008                                                      | 2   
|Consolidated Statements of Income and Other
      Comprehensive Income for the Three and Nine MonthsEnded September 30, 2009 and 2008 (Unaudited) | 3   
|Consolidated Statements of
      Cash Flows for the Nine Months Ended September 30, 2009 and 2008(Unaudited)                                      | 4   
|Notes to Consolidated Financial
      Statements (Unaudited)                                                                                      | 5   

1

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SINO GREEN LAND CORP AND SUBSIDIARIES (FORMALLY, ORGANIC
REGION GROUP LTD. AND SUBSIDIARIES) CONSOLIDATED BALANCE SHEETSAS OF SEPTEMBER 30, 2009 AND DECEMBER 31, 2008 (UNAUDITED)

|                                                      |   | **September 30, 2009** |  |   | December 31, 2008 | 
|----------------------------------------------------- | - | ---------------------- |  | - | ----------------- | 
|ASSETS                                                |   |                        |  |   |                   | 
|                                                      |   |                        |  |   |                   | 
|Current Assets                                        |   |                        |  |   |                   | 
|Cash and cash equivalents                             | $ | 1,289,297              |  | $ | 544,860           | 
|Accounts receivable, net                              |   | 184,582                |  |   | 200,731           | 
|Due from related parties                              |   | 242,042                |  |   | 352,799           | 
|Inventories                                           |   | 13,587                 |  |   | 16,931            | 
|Other current assets                                  |   | 380,010                |  |   | 58,046            | 
|Total Current Assets                                  |   | 2,109,518              |  |   | 1,173,366         | 
|                                                      |   |                        |  |   |                   | 
|Property and Equipment, net                           |   | 79,195                 |  |   | 139,765           | 
|                                                      |   |                        |  |   |                   | 
|Advances for construction                             |   | 2,433,990              |  |   | 497,568           | 
|                                                      |   |                        |  |   |                   | 
|Long-term Prepayments                                 |   | 19,013,617             |  |   | 16,258,707        | 
|                                                      |   |                        |  |   |                   | 
|Total Assets                                          | $ | 23,636,319             |  | $ | 18,069,406        | 
|                                                      |   |                        |  |   |                   | 
|LIABILITIES AND SHAREHOLDERS'
      EQUITY            |   |                        |  |  
|                                                      |   |                        |  |   |                   | 
|Current Liabilities                                   |   |                        |  |   |                   | 
|Accounts payable and accrued expenses                 | $ | 920,082                |  | $ | 1,529,787         | 
|Advances from customers                               |   | 48,833                 |  |   | 56,443            | 
|Due to related parties                                |   | 397,418                |  |   | 129,444           | 
|Due to shareholders                                   |   | 101,876                |  |   | -                 | 
|Convertible debenture                                 |   | -                      |  |   | 313,627           | 
|Total Current Liabilities                             |   | 1,468,209              |  |   | 2,029,300         | 
|                                                      |   |                        |  |   |                   | 
|Shareholders' Equity                                  |   |                        |  |   |                   | 
|Preferred stock, $0.001 par value,                    |   |                        |  |   |                   | 
|20,000,000 shares authorized,                         |   |                        |  |   |                   | 
|1,000,000 and 0 share issued and                      |   |                        |  |   |                   | 
|outstanding as of September 30,                       |   |                        |  |   |                   | 
|2009 and December 31, 2008                            |   | 1,000                  |  |   | -                 | 
|Common stock, $0.001 par value,                       |   |                        |  |   |                   | 
|780,000,000 shares authorized,                        |   |                        |  |   |                   | 
|104,943,337 and 81,648,554 issued                     |   |                        |  |   |                   | 
|and outstanding as of September 30,                   |   |                        |  |   |                   | 
|2009 and December 31, 2008                            |   | 104,943                |  |   | 81,649            | 
|Common stock to be issued,                            |   |                        |  |   |                   | 
|33,333.33 shares to be issued, par                    |   |                        |  |   |                   | 
|value $0.001 per share as of September 30,
      2009 |   | 33                     |  |   | -                 | 
|Additional Paid-in
    capital                        |   | 8,434,733              |  |   | 5,419,351         | 
|Other comprehensive income                            |   | 915,988                |  |   | 1,075,973         | 
|Retained earnings                                     |   | 12,711,412             |  |   | 9,463,134         | 
|Total shareholders' equity                            |   | 22,168,109             |  |   | 16,040,107        | 
|                                                      |   |                        |  |   |                   | 
|Total Liabilities and Stockholders'
      Equity      | $ | 23,636,319             |  | $ | 18,069,406        | 

The accompanying notes are integral part of these unaudited
consolidated financial statements.

2

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SINO GREEN LAND CORP AND SUBSIDIARIES (FORMALLY, ORGANIC
REGION GROUP LTD. AND SUBSIDIARIES) CONSOLIDATED STATEMENTS OF INCOME AND
OTHER COMPREHENSIVE INCOME FOR THE THREE AND NINE MONTHS ENDED
SEPTEMBER 30, 2009 AND 2008 (UNAUDITED)

|                                                    |   | Three Months
      Ended September 30, |   |   | Nine Months
      Ended September 30, |  
|--------------------------------------------------- | - | -------------------------------------- | - | - | ------------------------------------- | -
|                                                    |   | 2009                                   |   |   | 2008                                  |  
|                                                    |   |                                        |   |   |                                       |  
|Net sales                                           | $ | 31,153,814                             |   | $ | 27,656,309                            |  
|                                                    |   |                                        |   |   |                                       |  
|Cost of goods
      sold                            |   | 27,677,662                             |   |   | 24,903,236                            |  
|                                                    |   |                                        |   |   |                                       |  
|Gross profit                                        |   | 3,476,152                              |   |   | 2,753,073                             |  
|                                                    |   |                                        |   |   |                                       |  
|Operating
      expenses                            |   |                                        |   |   |                                       |  
|Selling expenses                                    |   | 886,079                                |   |   | 501,805                               |  
|General and administrative
      expenses           |   | 562,766                                |   |   | 179,077                               |  
|Total operating expenses                            |   | 1,448,845                              |   |   | 680,883                               |  
|                                                    |   |                                        |   |   |                                       |  
|Operating income                                    |   | 2,027,307                              |   |   | 2,072,190                             |  
|                                                    |   |                                        |   |   |                                       |  
|Other income(expense)                               |   |                                        |   |   |                                       |  
|Interest income (expenses),
      net               |   | (453,293                               | ) |   | (38,608                               | )
|Beneficial conversion feature expense               |   | (153,425                               | ) |   | (275,048                              | )
|Others, net                                         |   | (2,195                                 | ) |   | 19,541                                |  
|Total other income                                  |   | (608,913                               | ) |   | (294,115                              | )
|                                                    |   |                                        |   |   |                                       |  
|Net income                                          |   | 1,418,394                              |   |   | 1,778,075                             |  
|                                                    |   |                                        |   |   |                                       |  
|Dividend required for preferred
      stockholders  |   | 109,952                                |   |   | -                                     |  
|                                                    |   |                                        |   |   |                                       |  
|Net income available to common
      shareholders   |   | 1,308,442                              |   |   | 1,778,075                             |  
|                                                    |   |                                        |   |   |                                       |  
|Other comprehensive income
      (loss)             |   |                                        |   |   |                                       |  
|Foreign currency translation
      gain (loss)      |   | 7,243                                  |   |   | 710,922                               |  
|                                                    |   |                                        |   |   |                                       |  
|Comprehensive
      income                          | $ | 1,315,685                              |   | $ | 2,488,996                             |  
|                                                    |   |                                        |   |   |                                       |  
|Net income per
      share                          |   |                                        |   |   |                                       |  
|Basic                                               | $ | 0.013                                  |   | $ | 0.022                                 |  
|Diluted                                             | $ | 0.011                                  |   | $ | 0.022                                 |  
|                                                    |   |                                        |   |   |                                       |  
|Weighted
      average number of shares outstanding |   |                                        |   |   |                                       |  
|Basic                                               |   | 98,610,694                             |   |   | 81,648,554                            |  
|Diluted                                             |   | 125,388, 131                           |   |   | 81,648,554                            |  

The accompanying notes are integral part of these unaudited
consolidated financial statements.

3

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SINO GREEN LAND CORP AND SUBSIDIARIES (FORMALLY, ORGANIC
REGION GROUP LTD. AND SUBSIDIARIES) CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2009 AND 2008 (UNAUDITED)

|                                                                                       |   | September 30, |  
|-------------------------------------------------------------------------------------- | - | ------------- | -
|                                                                                       |   | 2009          |  
|Cash flows from operating
      activities                                             |   |               |  
|Net income                                                                             | $ | 3,358,231     |  
|Adjustments to reconcile net income to
      net cash provided by operating activities |   |               |  
|Depreciation                                                                           |   | 60,647        |  
|Bad debt expense recovery                                                              |   | -             |  
|Amortization                                                                           |   | 633,734       |  
|Expense warrants                                                                       |   | 290,091       |  
|Amortization of the stock award for director                                           |   | 9,633         |  
|Stock award to be issued to director                                                   |   | 33            |  
|Beneficial conversion feature                                                          |   | 153,425       |  
|Decrease / (Increase) in current assets                                                |   |               |  
|Accounts receivable                                                                    |   | 16,301        |  
|Other receivable                                                                       |   | (322,291      | )
|Inventories                                                                            |   | 3,355         |  
|Other
      current assets                                                             |   | 544           |  
|Increase in current liabilities                                                        |   |               |  
|Accounts payable & accrued expense                                                     |   | (463,324      | )
|Advances from customer                                                                 |   | (7,651        | )
|Tax payables                                                                           |   | 318           |  
|Other payables                                                                         |   | (52,466       | )
|                                                                                       |   |               |  
|Net cash provided by operating activities                                              |   | 3,680,580     |  
|                                                                                       |   |               |  
|Cash flows from investing activities                                                   |   |               |  
|Acquisition of plant, property, and
      equipment                                    |   | -             |  
|Advances for construction                                                              |   | (1,935,079    | )
|Due from related parties                                                               |   | -             |  
|Increase in long-term prepaid expense                                                  |   | (3,373,918    | )
|                                                                                       |   |               |  
|Net cash used in investing
      activities                                            |   | (5,308,997    | )
|                                                                                       |   |               |  
|Cash flows from financing
      activities                                             |   |               |  
|Proceeds from (payments to) issuance of convertible notes                              |   | (502,684      | )
|Proceeds from issuance of preferred stock                                              |   | 1,000         |  
|Proceeds from issuance of common stock                                                 |   | 2,629,000     |  
|Due to related parties                                                                 |   | 480,484       |  
|Net cash provided by financing activities                                              |   | 2,607,800     |  
|                                                                                       |   |               |  
|Effect of exchange rate change on cash and cash
      equivalents                      |   | (234,945      | )
|                                                                                       |   |               |  
|Net increase in cash and cash equivalents                                              |   | 744,437       |  
|                                                                                       |   |               |  
|Cash and cash equivalents, beginning balance                                           |   | 544,860       |  
|                                                                                       |   |               |  
|Cash and cash equivalents, ending
      balance                                        | $ | 1,289,297     |  
|                                                                                       |   |               |  
|Supplement disclosure of cash
      flow information                                   |   |               |  
|                                                                                       |   |               |  
|Interest expense paid                                                                  | $ | 105,069       |  
|                                                                                       |   |               |  
|Income taxes paid                                                                      | $ | 3,619         |  

The accompanying notes are integral part of these unaudited
consolidated financial statements.

4

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SINO GREEN LAND CORPORATION AND SUBSIDIARIES NOTES TO
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

1.ORGANIZATION AND DESCRIPTION OF
BUSINESS

Organization

Sino Green Land Corporation (the Company) was incorporated in
Nevada in March 2008 under the name of Henry County Plywood Corporation, as the
successor by merger to a Virginia corporation organized in May 1948 under the
same name. On March 23, 2009, the Companys corporate name was changed to Sino
Green Land Corporation.

The Company, through its Chinese operating subsidiaries, Zhuhai
Organic Region Modern Agriculture Ltd. (Zhuhai Organic) and Guangzhou Organic
Region Agriculture Ltd. (Guangzhou Organic), is engaged in the wholesale
distribution, marketing and sales of premium fruits through wholesale centers
and to supermarkets in China.

On January 15, 2009, the Company entered into a share exchange
agreement with Organic Region Group Limited (Organic Region), its stockholders
and its wholly owned subsidiaries, Zhuhai Organic, Guangzhou Organic, Fuji
Sunrise International Enterprises Limited (Fuji Sunrise), Southern
International Develop Limited (Southern International) and HK Organic Region
Limited (HK Organic). Pursuant to the share exchange agreement and a related
agreement with the Companys two former principal stockholders:

- The Company issued to the former stockholders of Organic Region a total of
  81,648,554 shares of common stock, constituting approximately 98% of our
  outstanding stock, in exchange for all of the capital stock of Organic Region;
  and
- Our former majority stockholders sold to the Company 1,666,298 shares of
  common stock, representing 50% of the then outstanding shares, for $500,000
  non-interest bearing convertible promissory notes. The Company cancelled these
  shares. As of April 27, 2009, the Company had paid the principal and accrued
  interest on the notes in full and had no further obligations to the former
  majority stockholders.

Prior to the closing of these transactions, the Company, then
known as Henry County Plywood Corporation, was not engaged in any business
activity and was considered a blank-check shell company.

The Company is the sole stockholder of Organic Region, a
British Virgin Islands corporation which was incorporated on January 30, 2003.
Organic Region is the sole stockholders of five limited liability companies
organized under the laws of the Peoples Republic of China, each of which is a
wholly foreign-owned entity, known as a WFOE: Zhuhai Organic, Guangzhou Organic,
Fuji Sunrise, Southern International and HK Organic.

Under generally accepted accounting principles, the acquisition
by the Company of Organic Region is equivalent to the acquisition by Organic
Region of the Company, then known as Henry County Plywood Corporation, with the
issuance of stock by Organic Region for the net monetary assets of the Company.
This transaction is reflected as a recapitalization, and is accounted for as a
change in capital structure. Accordingly, the accounting for the acquisition is
identical to that resulting from a reverse acquisition. Under reverse
acquisition accounting, the comparative historical financial statements of the
Company, as the legal acquirer, are those of the accounting acquirer, Organic
Region. The accompanying financial statements reflect the recapitalization of
the stockholders equity as if the transactions occurred as of the beginning of
the first period presented. Thus, only the 81,648,554 shares of common stock
issued to the former Organic Region stockholders are deemed to be outstanding
for all periods reported prior to the date of the reverse acquisition. As a
result of the reverse acquisition effected by the share exchange agreement, the
Companys business has become the business of the Organic Region. The 1,666,297
shares of common stock that were outstanding on January 15, 2009, net of the
1,666,298 shares that were purchased by the Company and cancelled, are treated
as if they were issued on January 15, 2009, as part of a recapitalization.

Zhuhai Organic was formed by a British Virgin Islands
corporation known as Nature Institution Group Ltd. (NI Group) on January 3,
2004, and Guangzhou Organic was formed by NI Group on September 24, 2004. On
December 31, 2007, NI Group transferred to Organic Region all of the stock of
Zhuhai Organic for $5,000,000 and all of the stock of Guangzhou Organic for no consideration
since Guangzhou Organic had negative equity. At the time of the transfer, NI
Group had made the required capital contributions to both Zhuhai Organic and
Guangzhou Organic. At the time of the transfer, one of NI Groups stockholders,
who held a 13.5% interest in NI Group, was also a 50% stockholder in Organic
Region. As a result, the acquisitions were accounted for at historical cost in a
manner similar to that used in pooling of interests method since the two
acquisitions represented transactions between related parties. The amount by
which the purchase price exceeded the value of the assets of Zhuhai Organic and
Guangzhou Organic, which was $365,755, was recorded as deemed dividend to the
stockholder.

5

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The Company has an exclusive agreement with the Companys chief
operating officer, who is the owner and holder of the business license for
Guangzhou Greenland Co. Ltd. (Guangzhou Greenland). Pursuant to this
agreement, Organic Region provides consulting services, including business
operations, human resources and research and development services, to Mr. Luo
with respect to Guangzhou Greenland to enable Guangzhou Greenland to operate the
fruit trading business in China. In exchange for such services, Mr. Luo agreed
to pay a consulting services fee to Organic Region equal to all of the revenues
obtained by Guangzhou Greenland. The agreement gave the Company the ability to
substantially influence Guangzhou Greenlands daily operations and financial
affairs, appoint its senior executives and approve all matters requiring
stockholder approval. Mr. Luo also irrevocably granted the Company an exclusive
option to purchase, to the extent permitted under PRC law, all or part of the
equity interests in Guangzhou Greenland and agreed to entrust all the rights to
exercise voting power to the person appointed by the Company. Guangzhou
Greenland is considered a variable interest entity under ASC 810 (Originally
issued as FIN 46R), and its financial statements are included in our
consolidated financial statements. Substantially all of the Companys revenue is
derived from the business of Guangzhou Greenland.

2.BASIS OF PRESENTATION AND SUMMARY OF
SIGNIFICANT ACCOUNTING POLICIES

a. Unaudited Interim Financial Information

The accompanying unaudited financial statements of the Company
have been prepared in accordance with generally accepted accounting principles
for interim financial information. Accordingly, they do not include all of the
information required by generally accepted accounting principles for audited
financial statements. In the opinion of management, all adjustments (consisting
of normal recurring adjustments) considered necessary for a fair presentation
have been included. Operating results for the interim periods are not
necessarily indicative of the results for any future period. These statements
should be read in conjunction with the Companys audited financial statements
and notes thereto for the fiscal year ended December 31, 2008. The results of
the nine month period ended September 30, 2009 are not necessarily indicative of
the results to be expected for the full fiscal year ending December 31,
2009.

b. Principle of consolidation

The accompanying consolidated financial statements include the
accounts of the Company and its wholly-owned subsidiaries, Zhuhai Organic and
Guangzhou Organic, Fuji Sunrise, HK Organic and Southern International, together
with its 100% Variable Interest Entity (VIE), Guangzhou Greenland. All
significant inter-company accounts and transactions have been eliminated in
consolidation.

6

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In accordance with ASC 810 (Originally issued as Financial Interpretation No. 46R, Consolidation of Variable Interest Entities FIN 46R), VIEs are generally entities that lack sufficient equity to finance their activities without
additional financial support from other parties or whose equity holders lack adequate decision making ability. All VIEs with which the Company is involved must be evaluated to determine the primary beneficiary of the risks and rewards of the VIE.
The primary beneficiary is required to consolidate the VIE for financial reporting purposes.

On January 1, 2005, Organic Region entered into exclusive arrangements with Mr. Xiong Luo, who is presently the Companys chief operating officer and who holds the business license for Guangzhou Greenland, that give the Company the ability to
substantially influence Guangzhou Greenlands daily operations and financial affairs, appoint its senior executives and approve all matters requiring shareholder approval. As a result, the Company consolidates the financial results of Guangzhou
Greenland as variable interest entity pursuant to ASC 810 (Originally issued as Financial Interpretation No. 46R, Consolidation of Variable Interest Entities FIN 46R).

| | a. | Guangzhou Greenland holds the licenses necessary to operate its fruit trading business in China.                                                                                                                                                                                          
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    |                                                                                                                                                                                                                                                                                           
| | b. | The Company provides the exclusive privilege to purchase the fruit and vegetables and other general business operation services to Guangzhou Greenland in return for a consulting services fee which is equal to Guangzhou Greenlands revenue.                                           
| |    |                                                                                                                                                                                                                                                                                           
| | c. | Mr. Xiong Luo irrevocably granted the Company an exclusive option to purchase, to the extent permitted under PRC law, all or part of the equity interests in Guangzhou Greenland and agreed to entrust all the rights to exercise his voting power to the
person appointed by the Company.

c. Use of estimates

The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the amount of revenues and expenses during the reporting periods. Management makes these estimates using the best information
available at the time the estimates are made. However, actual results could differ materially from those results.

d. Accounts receivable

The Companys policy is to maintain reserves for potential credit losses on accounts receivable. Management reviews the composition of accounts receivable and analyzes historical bad debts, customer concentrations, customer creditworthiness,
current economic trends and changes in customer payment patterns to evaluate the adequacy of these reserves. As of September 30, 2009 and December 31, 2008, the Company had accounts receivable, of $184,582 and $200,731, net of allowance for
bad debts in the amount of $63,202 and $9,264, respectively.

e. Other current assets

Other current assets, valued at $380,010 as of September 30, 2009, mainly included an unsecured loan receivable in the amount of $293,384, at an interest rate of 5.53%, from an unrelated party. This loan is due in January 2010 and relates to
a loan made to the local fruit association in connection with the construction of a seeding lab for emperor bananas. The interest expenses for the three and nine months ended September 30, 2009 for this receivable are immaterial.

f. Advances to suppliers

The Company provides advances to certain vendors for purchase of its products. As of September 30, 2009 and December 31, 2008, the advances to suppliers amounted to $2,433,990 and $497,568, respectively.

7

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g. Property and equipment

Property and equipment are recorded at cost. Gains or losses on disposals are reflected as gain or loss in the year of disposal. The cost of improvements that extend the life of plant, property, and equipment are capitalized. These capitalized costs
may include structural improvements, equipment, and fixtures. All ordinary repair and maintenance costs are expensed as incurred.

Depreciation for financial reporting purposes is provided using the straight-line method over the estimated useful lives of the assets: 5 to 10 years for manufacturing machinery, 5 years for office equipment, and 5 years for motor vehicle.

h. Revenue recognition

The Companys revenue recognition policies are in compliance with ASC 605 (Originally issued as Staff Accounting Bulletin (SAB) 104). Sales revenue is recognized at the date of shipment to customers when a formal arrangement exists, the price
is fixed or determinable, the delivery is completed, no other significant obligations of the Company exist and collectability is reasonably assured. Payments received before all of the relevant criteria for revenue recognition are satisfied are
recorded as unearned revenue.

Sales

Revenues from the sale of products are recognized at the point of sale of the Companys products. Discounts provided to customers by the Company at the time of sale are recognized as a reduction in sales as the products are sold. Sales taxes
are not recorded as a component of sales.

Cost of Goods Sold

The Cost of Goods Sold line item of the Consolidated Statements of Income includes product costs, net of discounts and allowances. Discounts provided to the Company by vendors at the time of purchase are recognized as a reduction in
inventory cost as the products are delivered.

All other costs, including warehousing costs, transportation costs, salaries, rent expense and depreciation expense, are shown separately in Selling Expense or General and Administrative Expense in the Consolidated Statements of Incomes.

i. Income taxes

The Company utilizes ASC 740 (Originally issued as SFAS No. 109, Accounting for Income Taxes), which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been
included in the financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax basis of assets and liabilities and their financial reporting
amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax
assets to the amount expected to be realized.

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

8

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The Company records a valuation allowance for deferred tax
assets, if any, based on its estimates of its future taxable income as well as
its tax planning strategies when it is more likely than not that a portion or
all of its deferred tax assets will not be realized. If the Company is able to
utilize more of its deferred tax assets than the net amount previously recorded
when unanticipated events occur, an adjustment to deferred tax assets would
increase the Company net income when those events occur. The Company does not
have any significant deferred tax asset or liabilities in the PRC tax
jurisdiction.

j. Income per share of common stock

Basic net income per share is computed by dividing net income
by the weighted average number of shares of common stock outstanding during the
period. Diluted income per share is computed by dividing net income by the
weighted average number of shares of common stock, common stock equivalents and
potentially dilutive securities outstanding during each period. Potentially
dilutive common shares consist of common stock issuable upon the conversion of
the outstanding shares of Series A preferred stock (using the if-converted
method) and common stock warrants (using the treasury stock method). The
following table presents a reconciliation of basic and diluted net income per
share (in thousands, except per share amounts):

|                                                               |   | Nine Months Ended September
      30, | 
|-------------------------------------------------------------- | - | ------------------------------------- | 
|                                                               |   | 2009                                  | 
|Net income available to common
      shareholders              | $ | 3,248                                 | 
|Weighted average shares of common stock outstanding            |   | 84,644                                | 
|Diluted effect of warrants, options,
      and preferred stock |   | 26,871                                | 
|Weighted average shares of common stock  diluted              |   | 111,515                               | 
|Net income available per share of
      common stock  basic   | $ | 0.04                                  | 
|Net income per share of common stock -- diluted                | $ | 0.03                                  | 

The warrants that were issued by Organic Region in April 2008
and assumed by the Company in connection with the reverse acquisition, are
reflected in the number of diluted shares 2,207,607 and 2,178,649 for the nine
and three months ended September 30, 2009, respectively.

Effective August 3, 2009, the Company issued warrants to
purchase 13,612,120 shares of the Companys common stock. 10,145,454 of the
warrants are exercisable at $0.11 per share and 3,466,666 of the warrants are
exercisable at $0.15 per share, each at any time and from time to time through
August 3, 2011.The average stock price for the 9 months ended September 30, 2009
was $0.1361 per share, and for the three months ended September 30, 2009 was
$0.135 per share. The warrants which are exercisable at $0.11 per share had a
dilutive effect of 1,943,422 shares and 1,878,788 shares in the nine months and
three months ended September 30, 2009, respectively. The warrants which are
exercisable at $0.25 per share had no dilutive effect.

On August 7, 2009, the Company entered into a Series A
Convertible Preferred Stock and Warrant Purchase Agreement (the "Agreement")
with several accredited investors (collectively, the "Investors") for the
issuance and sale of shares of the Company's Series A Convertible Preferred
Stock (the "Preferred Stock"). In accordance with the agreement

On August 7, 2009, the Company issued two-year Series A
warrants to purchase an aggregate of 10,000,000 shares of common stock,
exercisable at $0.14 per share and an aggregate of 10,000,000 shares of common
stock, exercisable at $0.25 per share at any time and from time to time through
August 7, 2014. The exercise price of the Series A Warrants is subject to
certain adjustments. The average stock price for the nine months ended September
30, 2009 was $0.1361 per share, and for the three months ended September 30,
2009 was $0.135 per share. None of these warrants had a dilutive effect.

9

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On Aug 9 2009, the Company has issued an option to acquire 1,000,000 shares of Series A Convertible Preferred Stock. Such option expires on February 10, 2010, unless extended by the Company. The option had a dilutive effect of 11,360,000 shares in
the nine months and three months ended September 30, 2009, respectively.

k. Foreign currency translation

The Company uses the United States dollar for financial reporting purposes. The Companys subsidiaries maintain their books and records in their functional currency - Chinese Yuan Renminbi (CNY), being the primary currency of the economic
environment in which their operations are conducted. Such financial statements were translated into United States dollars in accordance with ASC 830 (Originally issued as Statement of Financial Accounts Standards (SFAS) No. 52,
Foreign Currency Translation). According to the Statement, all assets and liabilities are translated at the current exchange rate, stockholders equity are translated at the historical rates and income statement items are translated
at the average exchange rate for the period. The resulting translation adjustments are reported under other comprehensive income in accordance with ASC 220 (Originally issued as SFAS No. 130, Reporting Comprehensive Income) as a
component of shareholders equity.

l. Fair values of financial instruments

ASC 825 (Originally issued as Statement of Financial Accounting Standard No. 107, Disclosures about Fair Value of Financial Instruments) requires that the Company disclose estimated fair values of financial instruments. The carrying
amounts reported in the statements of financial position for assets and liabilities qualifying as financial instruments are a reasonable estimate of fair value.

The Companys financial instruments primarily consist of cash and cash equivalents, accounts receivable, other receivables, advances to suppliers, accounts payable and other payables.

As of the balance sheet dates, the estimated fair values of the financial instruments were not materially different from their carrying values as presented on the balance sheet. This is attributed to the short maturities of the instruments and that
interest rates on the borrowings approximate those that would have been available for loans of similar remaining maturity and risk profile at respective balance sheet dates.

m. Segment reporting

ASC 280 (Originally issued as Statement of Financial Accounting Standards No. 131, SFAS 131), Disclosure about Segments of an Enterprise and Related Information requires use of the management approach model for
segment reporting. The management approach model is based on the way a companys management organizes segments within the company for making operating decisions and assessing performance. Reportable segments are based on products and services,
geography, legal structure, management structure, or any other manner in which management disaggregates a company.

ASC 280 (Originally issued as SFAS No. 131) has no effect on the Companys consolidated financial statements as the Company operates in one reportable business segment.

n. Subsequent Events.

For purposes of determining whether a post-balance sheet event should be evaluated to determine whether it has an effect on the financial statements for the period ending June 30, 2009 pursuant to ASC 855(Originally issued as SFAS No. 165),
subsequent events were evaluated by the Company as of August 12, 2009, the date on which the Form 10-Q, which included the unaudited consolidated financial statements at and for the quarter ended June 30, 2009, was available to be issued.

10

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o. Recent Accounting Pronouncements

In June 2009, the FASB issued ASC 105 (previously SFAS No. 168,
The FASB Accounting Standards Codification and the Hierarchy of Generally
Accepted Accounting Principles ("GAAP") - a replacement of FASB Statement No.
162), which will become the source of authoritative accounting principles
generally accepted in the United States recognized by the FASB to be applied to
nongovernmental entities. The Codification is effective in the third quarter of
2009, and accordingly, the Quarterly Report on Form 10-Q for the quarter ending
September 30, 2009 and all subsequent public filings will reference the
Codification as the sole source of authoritative literature. The Company does
not believe that this will have a material effect on its consolidated financial
statements.

In June 2009, the FASB issued ASC 855 (previously SFAS No. 165,
Subsequent Events), which establishes general standards of accounting for
and disclosures of events that occur after the balance sheet date but before the
financial statements are issued or available to be issued. It is effective for
interim and annual periods ending after June 15, 2009. There was no material
impact upon the adoption of this standard on the Companys consolidated
financial statements.

In June 2009, the FASB issued ASC 860 (previously SFAS No. 166,
Accounting for Transfers of Financial Assets) , which requires additional
information regarding transfers of financial assets, including securitization
transactions, and where companies have continuing exposure to the risks related
to transferred financial assets. SFAS 166 eliminates the concept of a
qualifying special-purpose entity, changes the requirements for derecognizing
financial assets, and requires additional disclosures. SFAS 166 is effective for
fiscal years beginning after November 15, 2009. The Company does not believe
this pronouncement will impact its financial statements.

In June 2009, the FASB issued ASC 810 (previously SFAS No. 167)
for determining whether to consolidate a variable interest entity. These amended
standards eliminate a mandatory quantitative approach to determine whether a
variable interest gives the entity a controlling financial interest in a
variable interest entity in favor of a qualitatively focused analysis, and
require an ongoing reassessment of whether an entity is the primary beneficiary.
These amended standards are effective for us beginning in the first quarter of
fiscal year 2010 and we are currently evaluating the impact that adoption will
have on our consolidated financial statements.

In August 2009, the FASB issued Accounting Standards Update
(ASU) 2009-05, which amends ASC Topic 820, Measuring Liabilities at Fair
Value, which provides additional guidance on the measurement of liabilities
at fair value. These amended standards clarify that in circumstances in which a
quoted price in an active market for the identical liability is not available,
we are required to use the quoted price of the identical liability when traded
as an asset, quoted prices for similar liabilities, or quoted prices for similar
liabilities when traded as assets. If these quoted prices are not available, we
are required to use another valuation technique, such as an income approach or a
market approach. These amended standards are effective for us beginning in the
fourth quarter of fiscal year 2009 and are not expected to have a significant
impact on our consolidated financial statements.

3.PROPERTY AND EQUIPMENT, NET

Property and equipment consist of the following as of September
30, 2009 and December 31, 2008:

|                               |   | September 30, |   |   | December 31, |  
|------------------------------ | - | ------------- | - | - | ------------ | -
|                               |   | 2009          |   |   | 2008         |  
|Manufacturing machinery        | $ | 405,019       |   | $ | 411,299      |  
|Office equipment               |   | 40,707        |   |   | 38,037       |  
|Motor vehicle                  |   | 24,215        |   |   | 17,589       |  
|                               |   |               |   |   |              |  
|Less: Accumulated Depreciation |   | (390,746      | ) |   | (327,160     | )
|Property & Equipment, net      | $ | 79,195        |   | $ | 139,765      |  

Depreciation expenses for the three month periods ended
September 30, 2009 and 2008 were $18,559 and $18,141 respectively. Depreciation
expenses for the nine month periods ended September 30, 2009 and 2008 were
$60,647 and $58,625 respectively.

11

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4.DUE FROM/(TO) RELATED PARTIES

Amounts due from related parties amounted to $2,164,247 and
$352,799 as of September 30, 2009 and December 31, 2008, respectively. The
Company has a balance due from one company who is under common control with the
Company, amounting to $242,042 and $352,799 as of September 30, 2009 and
December 31, 2008, respectively. The amount due is interest free, unsecured and
due on demand.

The Company has a balance due to the companies which are under
common control with the Company. The amounts were $397,418 and $129,444 as of
September 30, 2009 and December 31, 2008, respectively. The amounts due are
interest free, unsecured and due on demand.

The Company has a balance due to shareholders amounting to
$101,876 and $0 as of September 30, 2009 and December 31, 2008, respectively.
The amount due is interest free, unsecured and due on demand.

On January 15, 2009, in connection with the reverse acquisition
described in Note 1, the Company entered into a redemption agreement with
Michael Friess and Sanford Schwartz, who were the Companys majority
stockholders, whereby these stockholders surrendered an aggregate of 1,666,298
shares of common stock for redemption in exchange for the issuance of
non-interest bearing convertible promissory notes in the aggregate principal
amount of $500,000. The principal and accrued interest of the Notes were payable
on March 31, 2009. On March 31, 2009, the Company entered into an oral agreement
with these stockholders, pursuant to which the Company paid them $250,000 and
agreed to pay them the remaining $250,000 on or before April 30, 2009, without
penalty. The Company paid the remaining $250,000 on April 27, 2009.

5.LONG-TERM PREPAYMENTS

Guangzhou Greenland has entered into fourteen land lease and
developing agreements with a number of farming cooperatives since 2005. The
farming cooperatives are authorized to manage and plant the lands by Guangzhou
Greenland who in return has the priority to purchase the agricultural products
at fair market price. The agreements have terms of 25 years with various due
dates. The payments for the entire 25-year term is payable in full at the
inception of the agreements.

Guangzhou Greenland uses the straight-line method to amortize
the long-term prepayments over the life of the contracts. As of September 30,
2009 and December 31, 2008, the Company has long-term prepayments (net) in the
amount of $19,013,617 and $16,258,707, respectively.

The details of long-term prepayments are listed below as of
September 30, 2009 and December 31, 2008:

|                           |   | September 30, |   |   | December 31, |  
|-------------------------- | - | ------------- | - | - | ------------ | -
|                           |   | 2009          |   |   | 2008         |  
|Long-term prepayment cost | $ | 20,765,212    |   | $ | 17,450,561   |  
|Accumulated amortization   |   | (1,726,565    | ) |   | (1,191,854   | )
|Net                        | $ | 19,013,617    |   | $ | 16,258,707   |  

Amortization expenses for the nine months ended September 30,
2009 and 2008 were $633,734 and $382,212, respectively. Amortization expenses
for the three months ended September 30, 2009 and 2008 were $284,018 and
$228,051, respectively.

Amortization expenses for the next five years after September
30, 2009 are as follows:

|Twelve months ending September 30, |   |         | 
|---------------------------------- | - | ------- | 
|2010                               | $ | 831,469 | 
|2011                               |   | 831,469 | 
|2012                               |   | 831,469 | 

|2013  |   | 831,469    | 
|----- | - | ---------- | 
|2014  |   | 831,469    | 
|After |   | 14,856,272 | 
|Total | $ | 19,013,617 | 

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6.ACCOUNTS PAYABLE AND ACCRUED
EXPENSES

Accounts payable and accrued expenses comprised the following
as of September 30, 2009 and December 31, 2008:

|                 |   | September 30, |  |   | December 31, | 
|---------------- | - | ------------- |  | - | ------------ | 
|                 |   | 2009          |  |   | 2008         | 
|Accounts payable | $ | 381,623       |  | $ | 804,438      | 
|Accrued payroll  |   | 98,364        |  |   | 90,916       | 
|Accrued expenses |   | 415,822       |  |   | 557,692      | 
|Other payable    |   | 24,306        |  |   | 76,741       | 
|                 | $ | 920,115       |  | $ | 1,529,787    | 

7.SHORT TERM CONVERTIBLE NOTES

On April 23, 2008, Organic Region issued four 18% convertible
notes to various investors in the total amount of $500,000. The notes were due
on April 23, 2009. In addition, Organic Region also issued to the investors
warrants that were to be assumed by the Company upon the completion of the
reverse acquisition. The warrants are exercisable after the consummation of the
Companys going public transaction per the term of warrant agreements.

As part of the transaction in which Organic Region issued its
18% convertible notes in the principal amount of $500,000, Organic Region issued
warrants to purchase such number of shares of common stock to be determined by a
formula based on a future financing after the reverse acquisition. The warrants
are assumed by the Company. The Holder shall be entitled to purchase up to
$500,000 of securities at a per share price equal to 115% of the lowest cash
price paid in a financing, which is defined as the consummation of one or more
equity financings by the Company with aggregate proceeds of at least $3,000,000.
See Note 8 for information with respect to financing which were completed in
August 2009.

Pursuant to ASC 815 (Originally issued as EITF 00-19, paragraph
4), these convertible notes do not meet the definition of a conventional
convertible debt instrument since the outstanding principal plus all interest
accrued, at the holders option, may be converted on the maturity date, into
shares of the issuers equity securities if going public transaction does not
consummate on or before the maturity date. Therefore, the convertible debenture
is considered non-conventional, which means that the conversion feature must
be bifurcated from the debt and shown as a separate derivative liability. The
fair value of the beneficial conversion feature is adjusted to fair value each
balance sheet date with the change being shown as a component of net income.

The fair value of the beneficial conversion feature at the
inception of these convertible notes was $363,308. Thus, at issuance, the notes
were reflected with a discount of $363,308, which is amortized over the term of
the notes. The notes were paid off and the related debt discounts were written
off.

As of December 31, 2008, $313,627 net of debt discount of
$153,425 and debt issuance cost of $32,948 was booked as convertible debt. The
Company accrued $62,384 interest expenses for the convertible notes as of
December 31, 2008.

As of September 30, 2009, $0 was booked as convertible debt.

13

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8.EQUITY TRANSACTIONS

On January 15, 2009, the Company completed the reverse
acquisition as described in Note 1. Pursuant to the share exchange agreement,
the Company issued 81,648,554 shares of common stock in exchange for all of the
outstanding common stock of Organic Region.

Pursuant to an agreement with an independent director, the
Company agreed to pay the director 12,500 shares of common stock every fiscal
quarter. As of September 30, 2009, the Company accrued the value of 33,333
shares, reflecting the shares that were due through September 30, 2009 pursuant
to his agreement.

In April, 2009, the Company issued an aggregate of 4,165,742
shares in connection with the termination of two agreements which Organic Region
had entered into on January 28, 2008. Following the issuance of the shares, the
Company had no further obligations under either of these agreements.

See Note 7 with respect to the issuance, in April 2008, of the
Companys 18% convertible notes in the total amount of $500,000 and warrants.

Sales of Securities

During August 2009, the Company issued securities in the
following transactions:

a. Effective August 3, 2009, the
Company entered into a common stock and warrant purchase agreement with the
third parties. Pursuant to these agreements, the Company issued an aggregate of
13,129,410 shares at $0.085 per share and 4,333,334
shares at $0.12 per share, for aggregate consideration of $1,636,000. The
Company also granted two-year warrants to purchase 10,145,454 shares of common
stock at $0.11 per share and 3,466,666 shares of common stock at $0.15 per
share. The warrants may be exercised through August 3, 2011. The warrant holders
have cashless exercise rights. Under the black scholes model, the fair market
value of the warrant detached was $523,586 at the grant date.

b. Pursuant to a Series A
Convertible Preferred Stock and Warrant Purchase Agreement dated August 7, 2009,
with three investors, on August 7, 2009, the Company issued of an aggregate of
1,000,000 shares of the Companys series A convertible preferred stock, par
value $0.001 per share (series A preferred stock) and five-year warrants to
purchase 10,000,000 shares of common stock at an exercise price of $0.14 per
share and 10,000,000 shares of common stock at an exercise price of $0.25 per
share, for which the Company received a total of $1,000,000. The Company also
granted the investors an option to purchase up to 1,000,000 additional shares of
series A preferred stock at a purchase price of $1.00 per share of series A
preferred stock. Using blackschole pricing model, the fair value of the
preferred stock options was $21,689 at the grant date. This option expires on
February 10, 2010.

Each share of Series A
preferred stock is convertible into 11.36 shares of common stock. The conversion
price is subject to certain adjustments.

The holders of the series A preferred stock have no voting rights.   However, as long as any shares of series A preferred stock are outstanding, the Company shall not, without the affirmative approval of a majority of the holders of the series A preferred stock then outstanding, (a) alter or change adversely the powers, preferences or rights given to the series A preferred stock or alter or amend the certificate of designation relating to the series A preferred stock, (b) authorize or create any class of stock ranking as to dividends or distribution of assets upon a liquidation senior to or otherwise pari passu with the series A preferred stock, or any of preferred stock possessing greater voting rights or the right to convert at a more favorable price than the series A preferred stock, (c) amend our articles of incorporation or other charter documents in breach of any of the provisions hereof, (d) increase the authorized number of shares of series A preferred stock, or (e) enter into any agreement with respect to the foregoing; provided, however, that any creation or authorization of another series of junior securities shall not be deemed to adversely affect such rights, preferences, privileges of voting powers.

The certificate of designation for the series A preferred stock prohibits the Company from paying dividends on its common stock or redeeming common stock while any shares of series A preferred stock are outstanding.

In the event of liquidation, dissolution or winding up, the holders of the series A preferred stock are to receive a payment of $1.00 per share of series A preferred stock before any distribution is made to the common stock or any securities junior to the series A preferred stock upon liquidation, dissolution or winding up.

The certificate of designation and the warrants provide that those securities may not be exercised or converted if such conversion or exercise would result in the holder and its affiliates having beneficial ownership of more than 9.99% of our outstanding common stock. Beneficial ownership is determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, and Rule 13d-3 thereunder.

Pursuant to the series A preferred stock and warrant purchase agreement, in addition to the foregoing and other conditions, we agreed that:

- The Company would maintain its listing on the OTC Bulletin Board or a national stock exchange; provided that if the Company is are not so listed, as long as the investors owned series A preferred stock, the Company would pay the investors, as liquidated damages, an amount equal to 1% of the purchase price per month, which is $10,000 per month if all of the shares of series A preferred stock are then outstanding, until the stock is again listed on the OTC Bulletin Board or a national stock exchange.
- The Company would cancel any outstanding preferred stock and, prior to August 7, 2012, not issue additional shares of preferred stock, other than pursuant to the purchase agreement or sales at a price of $0.135 per share on an as-converted basis.
- The Company would have outstanding convertible debt converted into either a straight loan with a reasonable payment schedule or converted into common stock at a price of not less than $0.085 per share.
- With certain exceptions, if, prior to August 7, 2011, the Company issues stock at a price less than the conversion price of the series A preferred stock, which is presently $0.088 per share, then the conversion price of the series A preferred stock would be reduced to the lower price at which such shares were sold.
- If the Companys net income, as defined, is less than $0.045 per share on a fully-diluted basis, then the conversion price will be reduced by the percentage shortfall, subject to a maximum reduction of 40%.

The following table sets forth the conversion price of the series A preferred stock and exercise price of the warrants if our pre-tax income per share for 2009 is 20% below the threshold (a 20% shortfall), and 40% below the threshold (a 40% shortfall) and in each case there were no other events that affected the conversion or exercise price:

|              | Series A Preferred Stock | $0.14 Warrant | $0.25 Warrant
|------------- | ------------------------ | ------------- | -------------
|Unadjusted    | $0.088                   | $0.14         | $0.25        
|20% shortfall | 0.0704                   | 0.112         | 0.20         
|40% shortfall | 0.0528                   | 0.084         | 0.15         

Warrants

All outstanding warrants meet the conditions for equity
classification pursuant to ASC 815 (Originally issued as SFAS No. 133
Accounting for Derivatives) and ASC 815 (Originally issued as EITF 00-19),
Accounting for Derivative Financial Instruments Indexed to, and Potentially
Settled in, a Company's Own Stock. Therefore, these warrants were classified as
equity and accounted for as common stock issuance cost. Under the black scholes
pricing model to calculate the fair value of the warrants as of the issuance
date and charge it as warrants expense for $ 290,091, preferred stock dividend
$109,952 in nine month Sep 30, 2009 and $0 in nine month Sep 30, 2008.

14

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|                                      |  |             |  |  |             |  |   | Weighted |  |  | Average     | 
|------------------------------------- |  | ----------- |  |  | ----------- |  | - | -------- |  |  | ----------- | 
|                                      |  |             |  |  |             |  |   | Average  |  |  | Remaining   | 
|                                      |  | Warrants    |  |  | Warrants    |  |   | Exercise |  |  | Contractual | 
|                                      |  | Outstanding |  |  | Exercisable |  |   | Price    |  |  | Life        | 
|Outstanding, December
      31, 2007  |  | -           |  |  | -           |  | $ | -        |  |  | -           | 
|Granted                               |  | 5,115,090   |  |  | 5,115,090   |  |   | 0.098    |  |  | 4           | 
|Forfeited                             |  | -           |  |  | -           |  |   | -        |  |  | -           | 
|Exercised                             |  | -           |  |  | -           |  |   | -        |  |  | -           | 
|Outstanding, December
      31, 2008  |  | 5,115,090   |  |  | 5,115,090   |  |   | 0.098    |  |  | 4           | 
|Granted                               |  | 33,612,120  |  |  | 33,612,120  |  |   | 0.16     |  |  | 3.58        | 
|Forfeited                             |  | -           |  |  | -           |  |   | -        |  |  | -           | 
|Exercised                             |  | -           |  |  | -           |  |   | -        |  |  | -           | 
|Outstanding, September
      30, 2009 |  | 38,727,210  |  |  | 38,727,210  |  | $ | 0.16     |  |  | 3.622       | 

Stock options

The preferred stock option activity was as follows:

|                                |  |             |  |   | Weighted |  |   |           | 
|------------------------------- |  | ----------- |  | - | -------- |  | - | --------- | 
|                                |  |             |  |   | Average  |  |   | Aggregate | 
|                                |  | Options     |  |   | Exercise |  |   | Intrinsic | 
|                                |  | outstanding |  |   | Price    |  |   | Value     | 
|Outstanding, December 31, 2008  |  | -           |  |   | -        |  |   | -         | 
|Granted                         |  | 1,000,000   |  | $ | 1.00     |  | $ | 909,091   | 
|Forfeited                       |  | -           |  |   | -        |  |   | -         | 
|Exercised                       |  | -           |  |   | -        |  |   | -         | 
|Outstanding, September 30, 2009 |  | 1,000,000   |  | $ | 1.00     |  | $ | 909,091   | 

Following is a summary of the status of preferred stock options
outstanding at September 30, 2009:

|Outstanding Options |  | Exercisable Options
|------------------- |  | -------------------
|Average             |  | Outstanding        
|Exercise Price      |  | Options            
|$ 1.00              |  | 1,000,000          

Extension and Payment of Notes

At June 30, 2009, the Company had outstanding its 18%
convertible notes in the total amount of $500,000. The notes were initially due
on April 23, 2009. The maturity date was extended to August 2009 and the notes
were paid in August 2009.

9.INCOME TAXES

The Companys operations are conducted solely in the PRC. It
does not conduct any operations in the United States or The British Virgin
Islands and is not subject to income tax in either jurisdiction. For certain
operations in PRC, the Company has incurred net accumulated operating losses for
income tax purposes. The Company believes that it is more likely than not that
these net accumulated operating losses generated in the PRC will not be utilized
in the future. Therefore, the Company has provided full valuation
allowance for the deferred tax assets arising from the losses at these locations
as of September 30, 2009 and December 31, 2008. Accordingly, the Company has no
net deferred tax assets.

15

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Under the current PRC enterprise income tax law, which became
effective January 1, 2008, there is a standard enterprise income tax rate of
25%. The tax holidays that were granted under the former tax law, will continue
in effect until they expire. Guangzhou Greenland has a two year income tax
exemption in 2008 and 2009 and will have a 50% tax reduction from 2010 to 2012.

The income tax rate of Xiong Luo, with respect to Guangzhou
Greenland , which is part of consolidated financial statement as of September
30, 2009 and December 31, 2008 as a VIE under ASC 810-10 (Originally issued as
FIN 46R), is 1.8% of the fixed income amount accounted by the local national tax
bureau in which he conducts the businesses.

The provision for income taxes from continuing operations on
income consists of the following for the six months ended Sep 30, 2009 and 2008:

|                               |   | 2009 |  |   | 2008 | 
|------------------------------ | - | ---- |  | - | ---- | 
|PRC Current Income Expense     | $ | -    |  | $ | -    | 
|Total Provision for Income Tax | $ | -    |  | $ | -    | 

The following is a reconciliation of the provision for income
taxes at the tax rates of BVI and PRC to the income taxes reflected in the
Statement of Operations for the six months ended Sep 30, 2009 and 2008.

|                                                         |  | 2009 |    |  | 2008 |   
|-------------------------------------------------------- |  | ---- | -- |  | ---- | --
|Tax rate in BVI                                          |  | 0    | %  |  | 0    | % 
|Foreign income tax - PRC                                 |  | 25   | %  |  | 33   | % 
|Exempt from income tax                                   |  | (25  | )% |  | (33  | )%
|Foreign income tax  PRC(VIE)                            |  | 1.8  | %  |  | 1.8  | % 
|Exempt from income tax due to
      special tax policies |  | (1.8 | )% |  | (1.8 | )%
|Tax expense at actual rate                               |  | 0    | %  |  | 0    | % 

10.CURRENT VULNERABILITY DUE TO CERTAIN
CONCENTRATIONS

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

Operations of the Company in the PRC are subject to specific
considerations and significant risks. These include risks associated with, among
others, the political, economic and legal environments and foreign currency
exchange. Results of operations of the company may be adversely affected by
changes in governmental policies with respect to laws and regulations,
anti-inflationary measures, currency conversion and remittance abroad, and rates
and methods of taxation, among other things.

There were no customers who accounted for more than 10% of the
total net revenue for the nine month periods ended September 30, 2009 and for
the year ended December 31, 2008.

Two vendors provided 55% and 29% of the goods to the Company
during the nine month periods ended September 30, 2009. Three vendors provided
91%, 3% and 6% of the goods to the Company during the year ended December 31,
2008. Accounts payable to these vendors amounted $0 and $804,438 on September
30, 2009 and December 31, 2008.

16

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The Company extends credit to its customers based upon its
assessment of their credit worthiness and generally does not require collateral.
Credit losses have not been significant.

11.COMMITMENT

Operating Leases

The Company leases various office facilities under operating
leases that terminate on various dates.

The Company incurred rent expenses of $28,304 and $27,413 for
the three months ended September 30, 2009 and 2008. The Company incurred rent
expenses of $84,928 and $79,596 for the nine months ended September 30, 2009 and
2008.

The rent expenses for the next five years after September 30,
2009 are as follows:

|Twelve Months Ended September 30, |   |         | 
|--------------------------------- | - | ------- | 
|2010                              | $ | 113,030 | 
|2011                              |   | 115,162 | 
|2012                              |   | 117,310 | 
|2013                              |   | 119,635 | 
|2014                              |   | 119,635 | 
|After                             |   | 54,559  | 
|                                  | $ | 639,331 | 

17

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ITEM 2.MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

Special Note Regarding Forward Looking Statements

This Quarterly Report on Form 10-Q, including the following Managements Discussion and Analysis of Financial Condition and Results of Operations, contains forward-looking statements. Such statements include, among others, those
concerning our expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not
guarantees of future performance and that a number of risks and uncertainties could cause actual results of the Company to differ materially from those anticipated, expressed or implied in the forward-looking statements. The words
believe, expect, anticipate, project, targets, optimistic, intend, aim, will or similar expressions are intended to identify forward-looking
statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those anticipated include risks
related to our ability to overcome competition in our market; the impact that a downturn or negative changes in the price of our products could have on our business and profitability; our ability to simultaneously fund the implementation of our
business plan and invest in new projects; economic, political, regulatory, legal and foreign exchange risks associated with international expansion; the loss of key members of our senior management; or any of the factors and risks mentioned in the
Risk Factors sections of our amended current report on Form 8-K/A filed on April 24, 2009.  The Company assumes no obligation, and does not intend, to update any forward-looking statements, except as required by law.

Use of Terms

Except as otherwise indicated by the context, all references in this Quarterly Report to (i) the Company, we, us or our are to Sino Green Land Corporation, a Nevada corporation, and its direct and
indirect subsidiaries:

- Organic Region Group Limited, or Organic Region, a BVI limited company;
- Fuji Sunrise International Enterprises Limited, or Fuji Sunrise, a BVI limited company;
- HK Organic Region Limited, or HK Organic, a Hong Kong limited company;
- Southern International Develop Limited, or Southern International, a BVI limited company;
- Zhuhai Organic Region Modern Agriculture Ltd., or Zhuhai Organic, a PRC limited company; and
- Guangzhou Organic Region Agriculture Ltd., or Guangzhou Organic, a PRC limited company,

as well as its variable interest entity, or VIE, Guangzhou Greenland Co. Ltd., or Guangzhou Greenland, a PRC limited company; (ii) Securities Act are to the Securities Act of 1933, as amended; (iii) Exchange Act are to the
Securities Exchange Act of 1934, as amended; (iv) RMB are to Renminbi, the legal currency of China; (v) U.S. dollar, $ and US$ are to the legal currency of the United States; (vi)
BVI are to the British Virgin Islands; and (vii) China and PRC are to the Peoples Republic of China.

Overview of Our Business

We are a Nevada holding company whose PRC-based operating subsidiaries, Zhuhai Organic and Guangzhou Organic, are primarily engaged in the wholesale distribution, marketing and sales of high-value fruits and vegetables to wholesale centers and
supermarkets in China. Our main products include Fuji Apples, Emperor Bananas and Tangerine Oranges. Our products are sourced directly from farming cooperative groups on leased plantations throughout China to whom we provide varying degrees of
farming, harvesting and marketing services.  We distribute our products through our established distribution network and trading agents who sell our products to customers throughout China.

18

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Principal Factors Affecting our Financial Performance

Uncertainties that Affect our Financial Condition

We currently generate sufficient operating cash flows to
support our working capital requirements, but our working capital requirements
and the cash flow provided by future operating activities, if any, will vary
greatly from quarter to quarter, depending on the volume of business during the
period and payment terms with our customers. In the future we may require access
to the financial markets to provide us with significant discretionary funding
capacity, as we did in the quarter ended September 30, 2009. However, the
current uncertainty arising out of domestic and global economic conditions,
including the disruption in credit markets, poses a risk to the economies in
which we operate and may adversely impact our potential sources of capital
financing, as well as our ability to manage normal relationships with our
suppliers, customers and creditors. In addition, the lack of availability of
credit could lead to a further weakening of the Chinese and global economies and
make capital financing of our operations more expensive for us or impossible
altogether. Furthermore, deteriorating economic conditions including business
layoffs, downsizing, industry slowdowns and other similar factors that affect
our customers and creditors could have further negative consequences for our
business operations. Although our products are considered staples in Chinese
consumers daily life, and historically, demand for such staples has not
fluctuated with the ups and downs of the general economy, if the current
economic situation continues to deteriorate, we could see a more drastic
reduction in the demand for our products. Such reductions and disruptions could
have a material adverse effect on our business operations.

Natural Disasters

Severe weather conditions and natural disasters, such as snow,
floods, droughts, frosts, earthquakes or pestilence, which are difficult to
anticipate and cannot be controlled by us, may affect the supply of our products
and disrupt our operations. For instance, in the first quarter of 2008, heavy
snow storms in the regions in which our products are grown caused a material
decrease in sales during such period. In addition, such disasters may affect the
cost and supply of raw materials, including fruits and vegetables or result in
reduced supplies of raw materials, lower recoveries of usable raw materials,
higher costs of cold storage if harvests are accelerated and processing capacity
is unavailable or interruptions in our production schedules if harvests are
delayed. Our competitors may be affected differently by weather conditions and
natural disasters depending on the location of their supplies or operations. If
our supplies of raw materials are reduced, we may not be able to find enough
supplemental supply sources on favorable terms, if at all, which could impact
our ability to supply product to our customers and adversely affect our
business, financial condition and results of operations. If our operations are
damaged by a natural disaster, we may be subject to supply interruptions or
other business disruption, which could adversely affect our business and results
of operations.

Results of Operations

Comparison of Three Months Ended September 30, 2009 and
September 30, 2008

The following table sets forth key components of our results of
operations for the periods indicated, both in dollars and as a percentage of our
net sales.

(All amounts, other than percentages, in thousands of U.S.
dollars)

|                   |   | Three Months
      Ended September 30, | 
|------------------ | - | -------------------------------------- | 
|                   |   | 2009                                   | 
|                   |   |                                        | 
|                   |   | Amount                                 | 
|                   |   |                                        | 
|Net Sales          | $ | 31,154                                 | 
|                   |   |                                        | 
|Cost of Goods Sold |   | 27,678                                 | 
|                   |   |                                        | 
|Gross Profit       |   | 3,476                                  | 

19

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|                                               |   | Three Months
      Ended September 30, |  
|---------------------------------------------- | - | -------------------------------------- | -
|                                               |   | 2009                                   |  
|                                               |   |                                        |  
|                                               |   | Amount                                 |  
|                                               |   |                                        |  
|Operating Expenses                             |   |                                        |  
|Selling Expenses                               |   | 886                                    |  
|Administrative Expenses                        |   | 563                                    |  
|                                               |   |                                        |  
|Operating Income                               |   | 2,027                                  |  
|Interest Expenses                              |   | (453                                   | )
|Beneficial conversion
      feature expense    |   | (153                                   | )
|Others, net                                    |   | (2                                     | )
|Total other income                             |   | (609                                   | )
|                                               |   |                                        |  
|Income Before Income
      Taxes               |   | 1,418                                  |  
|                                               |   |                                        |  
|Net income                                     |   | 1,418                                  |  
|                                               |   |                                        |  
|Foreign Currency
      translation gain (loss) |   | 7                                      |  
|                                               |   |                                        |  
|Comprehensive income                           | $ | 1,316                                  |  

Net Sales. Net sales increased approximately
$3.50 million, or 12.65%, to approximately $31.15 million in the three months
ended September 30, 2009 from approximately $27.66 million in the same period
last year. 95% of this increase was due to an increase in the volume of sales of
our apples, bananas and oranges. Specifically, during the three months ended
September 30, 2009, the volume of apples sold increased by 66% as compared to
the three months ended September 30, 2008, the volume of oranges sold increased
64% and the volume of bananas sold increased 10%. Approximately 5% of the
increase in net sales was due to an increase in prices of our products.

Cost of Goods Sold. Our cost of goods sold is
comprised of the costs of our raw materials, labor, overhead and sales tax. Our
cost of goods sold increased approximately $2.77 million, or 11.14%, to
approximately $27.68 million in the three months ended September 30, 2009 from
approximately $24.90 million in the three months ended September 30, 2008. This
increase was mainly due to the increased cost associated with our purchase of a
greater volume of apples, bananas and oranges to meet our customers demands for
such products.

Gross Profit and Gross Margin. Our gross profit
increased approximately $0.72 million to approximately $3.48 million in the
three months ended September 30, 2009 from approximately $2.75 million in the
same period last year. Gross profit as a percentage of net revenues was 11.16%
and 9.95% for the three months ended September 30, 2009 and 2008, respectively.
This increase was mainly due to the increased profit margin from sales of our
Fuji apples during this period.

Selling Expenses. Our selling expenses, which are
comprised of transportation costs, salesmen salaries and rent expenses,
increased approximately $0.38 million, or 76.58%, to approximately $0.89 million
in the three months ended September 30, 2009 from approximately $0.50 million in
the same period last year because bonuses payable to salesmen were drawn in
advance to incentivize salesmen duringthe three months ended September
30, 2009, which was not done in the same period last year.

Administrative expenses. Our administrative
expenses, which are comprised of salaries, trip expenses, audit fees, attorneys
fees, advisory fees and depreciation expense increased approximately $0.38
million, or 214.3%, to approximately $0.56 million in the three months ended
September 30, 2009 from approximately $0.18 million in the three months ended
September 30, 2008. This increase was mainly due to the additional attorneys
fees and advisory fees accrued for the financing transaction we consummated in
August, 2009.

Interest expenses.The interest expenses, which are comprised of interest for
convertible notes
and detached warrant expenses, increased approximately 0.41 million to 0.45
million in the three months ended September 30, 2009 from approximately 0.04 million
in the three months ended September 30,2008 due to the issued convertible notes by the
company.

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Net Income.Net income increased
approximately $0.1 million, to approximately $1.87 million in the three months
ended September 30, 2009, from approximately $1.78 million in the same period of
2008. However, net income as a percentage of net sales decreased to 6.01% in the
three months ended September 30, 2009, from 6.43% in the same period last year.
This decrease was mainly due to the increase of selling expenses and
administrative expenses.

Comparison of Nine months Ended September 30, 2009 and
September 30, 2008

The following table sets forth key components of our results of
operations for the periods indicated, both in dollars and as a percentage of our
net sales.

(All amounts, other than percentages, in thousands of U.S.
dollars)

|                                               |   | Nine months
      Ended September 30, |  
|---------------------------------------------- | - | ------------------------------------- | -
|                                               |   | 2009                                  |  
|                                               |   |                                       |  
|                                               |   | Amount                                |  
|Net Sales                                      | $ | 71,460                                |  
|                                               |   |                                       |  
|Cost of Sales                                  |   | 63,474                                |  
|                                               |   |                                       |  
|Gross Profit                                   |   | 7,986                                 |  
|                                               |   |                                       |  
|Operating Expenses                             |   |                                       |  
|Selling Expenses                               |   | 2,124                                 |  
|Administrative Expenses                        |   | 1,872                                 |  
|                                               |   |                                       |  
|Operating Income                               |   | 3,990                                 |  
|Interest Expenses                              |   | (476                                  | )
|Others, net                                    |   | (155                                  | )
|Total Other Income                             |   | (631                                  | )
|                                               |   |                                       |  
|Income Before Income Taxes                     |   | 3,358                                 |  
|                                               |   |                                       |  
|Net income                                     |   | 3,358                                 |  
|                                               |   |                                       |  
|Foreign Currency translation gain
      (loss) |   | (160                                  | )
|                                               |   |                                       |  
|Comprehensive income                           | $ | 3,088                                 |  

Net Sales. Net sales increased approximately
$13.79 million, or 23.92%, to approximately $71.46 million in the nine months
ended September 30, 2009 from approximately $57.67 million in the same period
last year. Our production had declined during the first quarter of 2008 as a
result of heavy snow in the regions where our products are grown. During the
first quarter of 2009, more favorable weather conditions resulted in increased
production and increased sales. Our production capacity also increased in the
first three quarters of 2009, as compared to the same period in 2008, because we
cultivated an additional 28,000 mu (1 acre=6 mu) of land. This additional
production contributed to additional sales during the nine months ended
September 30, 2009.

Cost of Goods Sold. Our cost of goods sold
increased approximately $12.13 million, or 23.62%, to approximately $63.47
million in the nine months ended September 30, 2009 from approximately $51.34
million in the nine months ended September 30, 2008. This increase was mainly
due to the increased cost associated with our purchase of a greater volume of
apples, bananas and oranges to meet our customers demands for such
products.

Gross Profit and Gross Margin. Our gross profit
increased approximately $1.66 million to approximately $7.99 million in the nine
months ended September 30, 2009 from approximately $6.32 million in the same
period last year. Gross profit as a percentage of net revenues was 11.18% and
10.96% for the nine months ended September 30, 2009 and 2008, respectively. Our gross margin was relatively stable
since it is largely determined by the margin of the wholesale prices we buy from
our suppliers and the reseller price we sell at distribution centers, both of
which have remained relatively stable during the nine months ended September 30,
2009 and 2008.

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Selling Expenses. Our selling expenses increased
approximately $1.10 million, or 106.55%, to approximately $2.12 million in the
nine months ended September 30, 2009 from approximately $1.03 million in the
same period last year. As a percentage of net sales, selling expenses increased
to 2.97% in the nine months ended September 30, 2009 from 1.78% in the same
period of 2008. Selling expenses increased because of increased sales in this
period and because of the advancement of bonuses in the third quarter of 2009.

Administrative expenses. Our administrative
expenses increased approximately $1.06 million, or 131.92%, to approximately
$1.87 million in the nine months ended September 30, 2009 from approximately
$0.81 million in the nine months ended September 30, 2008. As a percentage of
net sales, administrative expenses increased to 2.62% in the nine months ended
September 30, 2009, as compared to 1.40% in the same period last year.
Administrative expenses increased as a result of increased fees and expenses
related to the reverse merger transaction that was consummated on January 15,
2009, plus the additional attorneys fees and advisory fees accrued for the
financing transaction that we consummated in August 2009.

Net Income. Net income decreased approximately
$0.83 million, or 19.87%, to approximately $3.36 million in the nine months ended
September 30, 2009, from approximately $4.19 million in the same period of 2008.
Net income as a percentage of net sales decreased to 4.70% in the nine months
ended September 30, 2009, from 7.27% in the same period last year. This decrease
was mainly due to the increase of selling expenses and administrative expenses.

Liquidity and Capital Resources

As of September 30, 2009, we had cash and cash equivalents of
approximately $1.29 million. The following table provides detailed information
about our net cash flow for all financial statements periods presented in this
report.

Cash Flow (All amounts in thousands of U.S. dollars)

|                                                          |   | Nine months Ended September 30, |  
|--------------------------------------------------------- | - | ------------------------------- | -
|                                                          |   | 2009                            |  
|Net cash provided by
      (used in) operating activities | $ | 3,681                           |  
|Net cash provided by (used in)
      investing activities |   | (5,309                          | )
|Net cash provided by
      (used in) financing activities |   | 2,608                           |  
|Net cash flows                                            |   | 744                             |  

Operating Activities

Net cash provided by operating activities was approximately
$3.68 million in the nine months ended September 30, 2009, a decrease of
approximately $1.40 million, from approximately $5.08 million in net cash
provided by operating activities in the same period last year. The reason for
this decrease is that the Company paid more accounts payable during the nine
months ended September 30, 2009 than during the same period in 2008.

Financing Activities

Net cash provided by financing activities in the nine months
ended September 30, 2009 totaled approximately $2.61 million, compared to
approximately $0.29 million in net cash generated by financing activities in the
same period last year. This increase was due to our raising $2.64 million in
financing transactions in August 2009.

Capital Expenditures

Our capital expenditures were approximately $3.37 million and
$5.41 million for the nine months ended September 30, 2009 and 2008,
respectively. Our capital expenditures were primarily used to rent the land on
which the
products we purchase from suppliers are grown. Our material capital expenditure requirement for fiscal year 2009 is expected to be approximately $8.5 million, which will be used to lease additional land and to establish a processing and packing
factory, as well as the construction of a distribution hub.

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We believe that our cash on hand and cash flow from operations will meet part of our present cash needs and we will require additional cash resources, including loans, to meet our expected capital expenditure and working capital for the next 12
months. In addition, we may, in the future, require additional cash resources due to changed business conditions, implementation of our strategy to expand our production capacity or other investments or acquisitions we may decide to pursue. If our
own financial resources are insufficient to satisfy our capital requirements, we may seek to sell additional equity or debt securities or obtain additional credit facilities. The sale of additional equity securities could result in dilution to our
stockholders. The incurrence of indebtedness would result in increased debt service obligations and could require us to agree to operating and financial covenants that would restrict our operations. Financing may not be available in amounts or on
terms acceptable to us, if at all. Any failure by us to raise additional funds on terms favorable to us, or at all, could limit our ability to expand our business operations and could harm our overall business prospects.

Critical Accounting Policies

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires our management to make assumptions, estimates and judgments that affect the amounts reported, including the notes
thereto, and related disclosures of commitments and contingencies, if any. We have identified certain accounting policies that are significant to the preparation of our financial statements.  These accounting policies are important for an
understanding of our financial condition and results of operation. Critical accounting policies are those that are most important to the portrayal of our financial conditions and results of operations and require managements difficult,
subjective, or complex judgment, often as a result of the need to make estimates about the effect of matters that are inherently uncertain and may change in subsequent periods. Certain accounting estimates are particularly sensitive because of their
significance to financial statements and because of the possibility that future events affecting the estimate may differ significantly from managements current judgments. We believe the following critical accounting policies involve the most
significant estimates and judgments used in the preparation of our financial statements.

Accounts Receivable  Our policy is to maintain reserves for potential credit losses on accounts receivable. Management reviews the composition of accounts receivable and analyzes historical bad debts, customer concentrations,
customer creditworthiness, current economic trends and changes in customer payment patterns to evaluate the adequacy of these reserves.

Inventories  Inventories are valued at the lower of cost (determined on a weighted average basis) or market value. Management compares the cost of inventories with market value and an allowance is provided to reduce the value of
inventories to their net market value.

Impairment  We apply the provisions of Statement of Financial Accounting Standard, or SFAS, No. 144, Accounting for the Impairment or Disposal of Long-Lived Assets, or SFAS No. 144, issued by the Financial Accounting
Standards Board, or FASB. SFAS No. 144 requires that long-lived assets be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable through the estimated undiscounted
cash flows expected to result from the use and eventual disposition of the assets. Whenever any such impairment exists, an impairment loss will be recognized for the amount by which the carrying value exceeds the fair value.  We test long-lived
assets, including property, plant and equipment and intangible assets subject to periodic amortization, for recoverability at least annually or more frequently upon the occurrence of an event or when circumstances indicate that the net carrying
amount is greater than its fair value.  Assets are grouped and evaluated at the lowest level for their identifiable cash flows that are largely independent of the cash flows of other groups of assets. We consider historical performance and future
estimated results in our evaluation of potential impairment and then compare the carrying amount of the asset to the future estimated cash flows expected to result from the use of the asset. If the carrying amount of the asset exceeds estimated
expected undiscounted future cash flows, we measure the amount of impairment by comparing the carrying amount of the asset to its fair value. The estimation of fair value is generally measured by discounting expected future cash flows as the rate we
utilize to evaluate potential investments.  We estimate fair value based on the information available in making whatever estimates, judgments and projections are considered necessary.

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Revenue Recognition  Our revenue recognition policies are in compliance with Staff accounting bulletin (SAB) 104. Sales revenue is recognized at the date of shipment to customers when a formal arrangement exists, the price is
fixed or determinable, the delivery is completed, no other significant obligations exist and collectability is reasonably assured. Payments received before all of the relevant criteria for revenue recognition are satisfied are recorded as unearned
revenue.  Revenues from the sale of products are recognized at the point of sale of our products. Discounts provided to customers by us at the time of sale are recognized as a reduction in sales as the products are sold. Discounts provided by
vendors are not recognized as a reduction in sales provided the coupons are redeemable at any retailer that accepts coupons. Sales taxes are not recorded as a component of sales. The Cost of Good Sold line item of the Consolidated
Statements of Income includes product costs, net of discounts and allowances.  Discounts provided to us by vendors at the time of purchase are recognized as a reduction in inventory cost as the products are delivered.  All other costs, including
warehousing costs, transportation costs; salaries, rent expense and depreciation expense, are shown separately in Selling Expense or General and Administrative Expense in the Consolidated Statements of Incomes.

Foreign Currency Translation  We use U.S. dollars for financial reporting purposes. Our subsidiaries maintain their books and records in their functional currency - RMB, being the primary currency of the economic environment in
which their operations are conducted. Such financial statements were translated into U.S. Dollars (USD) in accordance with SFAS No. 52, Foreign Currency Translation. According to the Statement, all assets and liabilities are translated
at the current exchange rate, stockholders equity are translated at the historical rates and income statement items are translated at the average exchange rate for the period.  The resulting translation adjustments are reported under other
comprehensive income in accordance with SFAS No. 130, Reporting Comprehensive Income as a component of shareholders equity.

Recent Accounting Pronouncements

In June 2009, the FASB issued SFAS No. 166, Accounting for Transfers of Financial Assets  an amendment of FASB Statement No. 140 (SFAS 166), which requires additional information regarding transfers of financial assets,
including securitization transactions, and where companies have continuing exposure to the risks related to transferred financial assets. SFAS 166 eliminates the concept of a qualifying special-purpose entity, changes the requirements
for derecognizing financial assets, and requires additional disclosures. SFAS 166 is effective for fiscal years beginning after November 15, 2009.

In June 2009, the FASB issued SFAS No. 167, Amendments to FASB Interpretation No. 46(R) (SFAS 167), which modifies how a company determines when an entity that is insufficiently capitalized or is not controlled through voting
(or similar rights) should be consolidated. SFAS 167 clarifies that the determination of whether a company is required to consolidate an entity is based on, among other things, an entitys purpose and design and a companys ability to
direct the activities of the entity that most significantly impact the entitys economic performance. SFAS 167 requires an ongoing reassessment of whether a company is the primary beneficiary of a variable interest entity. SFAS 167 also
requires additional disclosures about a companys involvement in variable interest entities and any significant changes in risk exposure due to that involvement. SFAS 167 is effective for fiscal years beginning after November 15, 2009.

In June 2009, the FASB issued SFAS No. 168, The FASB Accounting Standards Codification TM and the Hierarchy of Generally Accepted Accounting Principles (SFAS No. 168), which becomes effective for financial statements issued for interim
and annual periods ending after September 15, 2009. SFAS No. 168 replaces SFAS No. 162, The Hierarchy of Generally Accepted Accounting Principles. SFAS No. 168 identifies the sources of accounting principles and the framework for selecting
principles used in the preparation of financial statements of nongovernmental entities that are presented in conformity with US GAAP (the GAAP hierarchy).

24

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Seasonality

Our fresh fruits business is highly seasonal. Our Fuji Apples and Tangerine Oranges are harvested mainly from late-August to mid-November every year, while our Emperor Bananas grow in an eight month cycle. As fruits collected cannot be stored at
room temperature for a long time, they must be processed as soon as they are harvested or stored at a cold temperature. We plan to invest in a bigger and better processing line and packing house, including the construction of our own cold storage
facilities in our base in Luo Chuan, Shaanxi, in order to avoid unnecessary fluctuations in seasonality.

We generally experience higher sales in the third and fourth fiscal quarters.

Off Balance Sheet Arrangements

We do not have any off balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity or capital
expenditures or capital resources that is material to an investor in our securities.

ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Not Applicable.

ITEM 4.CONTROLS AND PROCEDURES.

Evaluation of Disclosure Controls and Procedures.

We maintain disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) under the Exchange Act) that are designed to ensure that information required to be disclosed in Exchange Act reports is recorded, processed, summarized
and reported within the time periods specified in the SECs rules and forms, and that such information is accumulated and communicated to our management, including to our principal executive officer and principal financial officer, as
appropriate, to allow timely decisions regarding required disclosure.

As required by Rule 13a-15 and Rule 15d-15 under the Exchange Act, our management, including Mr. Fong, our Chairman, who is acting as our principal executive officer and Ms. Yong Qing Ma, our principal financial officer, evaluated the effectiveness
of our disclosure controls and procedures as of September 30, 2009.  Based on that evaluation, Mr. Fong and Ms. Ma concluded that as of September 30, 2009, our disclosure controls and procedures were effective.

Changes in Internal Control Over Financial Reporting.

During the fiscal quarter ended September 30, 2009, there were no changes in our internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

Our Chairman, Anson Yin Ming Fong, has executed the certifications attached as exhibits hereto in his capacity as our principal executive officer, as our Chief Executive Officer is currently unable to fulfill such duties due to illness.

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PART IIOTHER INFORMATION

ITEM 1.     LEGAL PROCEEDINGS.

From time to time, we may become involved in various lawsuits
and legal proceedings, which arise, in the ordinary course of business. However,
litigation is subject to inherent uncertainties, and an adverse result in these,
or other matters, may arise from time to time that may harm our business. We are
currently not aware of any such legal proceedings or claims that we believe will
have a material adverse affect on our business, financial condition or operating
results.

ITEM 1A.  RISK FACTORS.

Not Applicable.

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

None.

ITEM 3.DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4.SUBMISSION OF MATTERS TO A VOTE OF
SECURITY HOLDERS.

No matters were submitted during the third quarter of 2009 to
a vote of security holders, through the solicitation of proxies or otherwise.

ITEM 5.OTHER INFORMATION.

No events occurred during the period covered by this Form 10-Q
that were required to be disclosed in a report on Form 8-K during the period but
not reported.

ITEM 6.EXHIBITS.

The following exhibits are filed as part of this report or
incorporated by reference:

|Exhibit No. | Description                                                                                                                                                                 
|----------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|            |                                                                                                                                                                             
|31.1        | Certification of Principal
      Executive Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                         
|            |                                                                                                                                                                             
|31.2        | Certification of Principal
      Financial Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                         
|            |                                                                                                                                                                             
|32.1        | Certification of Principal
      Executive Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley
      Act of 2002.
|            |                                                                                                                                                                             
|32.2        | Certification of Principal
      Financial Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
      2002.

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SIGNATURES

In accordance with Section 13 or
15(d) of the Exchange Act, the registrant caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.

|Date: November 18, 2009 | SINO GREEN LAND CORPORATION                                  
|----------------------- | -------------------------------------------------------------
|                        |                                                              
|                        |                                                              
|                        | By: /s/ Anson Yiu Ming
      Fong                            
|                        | Anson Yiu Ming Fong, Chairman                                
|                        |                                                              
|                        |                                                              
|                        | By: /s/ Yong Qing
      Ma                                   
|                        | Yong Qing Ma, Chief Financial Officer                        
|                        | (Principal Financial Officer and PrincipalAccounting Officer)
|                        |                                                              

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