| Nevada                                                         |   | 20-1204606                        |
|----------------------------------------------------------------|--------|-----------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (IRS Employer Identification No.) |

----

|   PART I - FINANCIAL INFORMATION |                                                                 |
|--------------------------------------------|----------------------------------------------------------------------|
|                                       |                                                                 |   |   |
|                                       | ITEM 1 - FINANCIAL STATEMENTS                                        |   |
|                                       |                                                                 |   |   |
|                                       |                                                                 | Unaudited Condensed Consolidated Statements of Operations and Other Comprehensive Income for the three-month periods ended March 31, 2011 and 2010 | 3 |
|                                       |                                                                 |   |   |
|                                       |                                                                 | Condensed Consolidated Balance Sheets as of March 31, 2011 (unaudited) and December 31, 2010 | 4 |
|                                       |                                                                 |   |   |
|                                       |                                                                 | Unaudited Condensed Consolidated Statements of Cash Flows for the three-month periods ended March 31, 2011 and 2010 | 5 |
|                                       |                                                                 |   |   |
|                                       |                                                                 | Notes to the Unaudited Condensed Consolidated Financial Statements | 6 - 10 |
|                                       |                                                                 |   |   |
|                                       | ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION   | 11-14 |
|                                       |                                                                 |   |   |
|                                       | ITEM 3 - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK  | 15 |
|                                       |                                                                 |   |   |
|                                       | ITEM 4 - CONTROLS AND PROCEDURES                                     | 15 |
|                                       |                                                                 |   |   |
|   PART II - OTHER INFORMATION    |                                                                 |
|                                       |                                                                 |   |   |
|                                       | ITEM 1 - LEGAL PROCEEDINGS                                           |  16 |
|                                       |                                                                 |   |   |
|                                       | ITEM 2 - UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS |  16 |
|                                       |                                                                 |   |   |
|                                       | ITEM 3 - DEFAULTS UPON SENIOR SECURITIES                             |  16 |
|                                       |                                                                 |   |   |
|                                       | ITEM 4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS         |  16 |
|                                       |                                                                 |   |   |
|                                       | ITEM 5 - OTHER INFORMATION                                           |  16 |
|                                       |                                                                 |   |   |
|                                       | ITEM 6 - EXHIBITS AND REPORTS ON FORM 8-K                            |  16 |
|                                       |                                                                 |   |   |
|                                       |                                                                 | SIGNATURES |  17 |

----

|                                                                              |    |   | Three months ended March 31, |      |
|-----------------------------------------------------------------------------------|---------|--------|-----------------------------------|-----------|
|                                                                              |    |   | 2011                              |      |   | 2010 |   |
|                                                                              | Note    |   | US$                               |      |   | US$ |   |
| Continuing operations                                                             |    |   |                              |      |   | (Restated -Note 5) |   |
|                                                                              |    |   |                              |      |   |   |   |
| Operating revenues                                                                |    |   |                              |      |   |   |   |
| Service income                                                                    |    |   |                              | 177,979   |   |   |   | 544,307 |   |
|                                                                              |    |   |                              |      |   |   |   |   |   |
| Operating expenses                                                                |    |   |                              |      |   |   |   |   |   |
| Subcontracting and other service costs                                            |    |   |                              | (102,411  | ) |   |   | (315,299 | ) |
| Staff costs                                                                       |    |   |                              | (22,745   | ) |   |   | (25,289 | ) |
| Depreciation of property, plant and equipment                                     |    |   |                              | (4,512    | ) |   |   | (3,751 | ) |
| Amortization of intangible assets                                                 |    |   |                              | (29,798   | ) |   |   | (51,413 | ) |
| Other general and administrative expenses                                         |    |   |                              | (79,561   | ) |   |   | (65,176 | ) |
|                                                                              |    |   |                              |      |   |   |   |   |   |
| (Loss) Income from operations                                                     |    |   |                              | (61,048   | ) |   |   | 83,379 |   |
|                                                                              |    |   |                              |      |   |   |   |   |   |
| Interest income                                                                   |    |   |                              | 411       |   |   |   | 3,234 |   |
| Other income                                                                      |    |   |                              | 4,462     |   |   |   | - |   |
| Interest expenses                                                                 |    |   |                              | -         |   |   |   | (15,211 | ) |
|                                                                              |    |   |                              |      |   |   |   |   |   |
| (Loss) Income before income tax and noncontrolling interests                      |    |   |                              | (56,175   | ) |   |   | 71,402 |   |
|                                                                              |    |   |                              |      |   |   |   |   |   |
| Income tax                                                                        |  4 |   |                              | -         |   |   |   | - |   |
|                                                                              |    |   |                              |      |   |   |   |   |   |
| Net (loss) income from continuing operations including noncontrolling interests   |    |   |                              | (56,175   | ) |   |   | 71,402 |   |
|                                                                              |    |   |                              |      |   |   |   |   |   |
| Discontinued operations                                                           |    |   |                              |      |   |   |   |   |   |
| Loss from discontinued operations                                                 |    |   |                              | -         |   |   |   | (8,472 | ) |
|                                                                              |    |   |                              |      |   |   |   |   |   |
| Net (loss) income including noncontrolling interests                              |    |   |                              | (56,175   | ) |   |   | 62,930 |   |
|                                                                              |    |   |                              |      |   |   |   |   |   |
| Add:Net loss from continuing operations attributable to noncontrolling interest   |    |   |                              | -         |   |   |   | 834 |   |
| Add:Net loss from discontinued operations attributable to noncontrolling interest |    |   |                              | -         |   |   |   | 131 |   |
|                                                                              |    |   |                              |      |   |   |   |   |   |
| Net (loss) income attributable to SPYE common stockholders                        |    |   |                              | (56,175   | ) |   |   | 63,895 |   |
|                                                                              |    |   |                              |      |   |   |   |   |   |
| Other comprehensive income                                                        |    |   |                              | -         |   |   |   | - |   |
|                                                                              |    |   |                              |      |   |   |   |   |   |
| Total comprehensive (loss) income                                                 |    |   |                              | (56,175   | ) |   |   | 63,895 |   |
|                                                                              |    |   |                              |      |   |   |   |   |   |
| Basic and diluted (loss) earnings per share                                       |    |   |                              |      |   |   |   |   |   |
| (Loss) Earnings per share from continuing operations                              |    |   | (4.35) cents                      |      |   | 5.59 cents |   |
| Loss per share from discontinued operations                                       |    |   |                              | -         |   |   | (0.65) cents |   |
|                                                                              |    |   |                              |      |   |   |   |   |   |
|                                                                              |    |   | (4.35) cents                      |      |   | 4.94 cents |   |
|                                                                              |    |   |                              |      |   |   |   |   |   |
| Weighted average number of shares of common stock outstanding                     |    |   |                              | 1,292,166 |   |   |   | 1,292,166 |   |

----

|                                                                                                                                                          |          |   | As of               |       |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|--------|---------------------|------------|
|                                                                                                                                                          |          |   | March 31, 2011 |       |   | December 31,2010 |   |
| ASSETS                                                                                                                                                        | Note          |   | US$                 |       |   | US$ |   |
|                                                                                                                                                          |          |   | (Unaudited)         |       |   |   |   |
| Current assets                                                                                                                                                |          |   |                |       |   |   |   |
| Trade receivables from third parties                                                                                                                          |          |   |                | 328,928    |   |   |   | 351,807 |   |
| Trade receivable from a related party                                                                                                                         |  6(b)(i) |   |                | 5,944      |   |   |   | 5,944 |   |
| Prepayments and deposits                                                                                                                                      |          |   |                | 6,624      |   |   |   | 6,624 |   |
| Other debtors                                                                                                                                                 |          |   |                | 65,536     |   |   |   | 20,194 |   |
| Amounts due from related parties                                                                                                                              | 6(b)(ii)      |   |                | 266,914    |   |   |   | 382,834 |   |
| Income tax recoverable                                                                                                                                        |          |   |                | 29,953     |   |   |   | 29,489 |   |
| Inventories                                                                                                                                                   |          |   |                | 6,200      |   |   |   | 7,856 |   |
| Cash and cash equivalents                                                                                                                                     |          |   |                | 333,705    |   |   |   | 209,304 |   |
|                                                                                                                                                          |          |   |                |       |   |   |   |   |   |
| Total current assets                                                                                                                                          |          |   |                | 1,043,804  |   |   |   | 1,014,052 |   |
|                                                                                                                                                          |          |   |                |       |   |   |   |   |   |
| Property, plant and equipment, net                                                                                                                            |          |   |                | 38,260     |   |   |   | 42,772 |   |
| Intangible assets, net                                                                                                                                        |          |   |                | 630,202    |   |   |   | 660,000 |   |
|                                                                                                                                                          |          |   |                |       |   |   |   |   |   |
| Total assets                                                                                                                                                  |          |   |                | 1,712,266  |   |   |   | 1,716,824 |   |
|                                                                                                                                                          |          |   |                |       |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                                          |          |   |                |       |   |   |   |   |   |
|                                                                                                                                                          |          |   |                |       |   |   |   |   |   |
| Current liabilities                                                                                                                                           |          |   |                |       |   |   |   |   |   |
| Trade payables                                                                                                                                                |          |   |                | 684,913    |   |   |   | 641,080 |   |
| Accrued charges and other payables                                                                                                                            |          |   |                | 288,911    |   |   |   | 284,204 |   |
| Amounts due to related parties                                                                                                                                | 6(b)(iii)     |   |                | 128,667    |   |   |   | 114,511 |   |
| Temporary receipts                                                                                                                                            |          |   |                | 46,337     |   |   |   | 57,416 |   |
|                                                                                                                                                          |          |   |                |       |   |   |   |   |   |
| Total current liabilities                                                                                                                                     |          |   |                | 1,148,828  |   |   |   | 1,097,211 |   |
|                                                                                                                                                          |          |   |                |       |   |   |   |   |   |
| Commitments and contingencies                                                                                                                                 |          |   |                | -          |   |   |   | - |   |
|                                                                                                                                                          |          |   |                |       |   |   |   |   |   |
| Stockholders' equity                                                                                                                                          |          |   |                |       |   |   |   |   |   |
| Preferred stock, par value US$0.001 per share; authorized 5,000,000 shares; none issued and outstanding as of March 31, 2011 and December 31, 2010            |          |   |                |       |   |   |   |   |   |
| Common stock, par value US$0.001 per share; authorized 300,000,000 shares; issued and outstanding 1,292,166 shares as of March 31, 2011 and December 31, 2010 |          |   |                | 1,292      |   |   |   | 1,292 |   |
| Additional paid in capital                                                                                                                                    |          |   |                | 2,009,454  |   |   |   | 2,009,454 |   |
| Dedicated reserve                                                                                                                                             |          |   |                | 319        |   |   |   | 319 |   |
| Accumulated losses                                                                                                                                            |          |   |                | (1,537,956 | ) |   |   | (1,481,781 | ) |
| Accumulated other comprehensive income                                                                                                                        |          |   |                | 90,329     |   |   |   | 90,329 |   |
|                                                                                                                                                          |          |   |                |       |   |   |   |   |   |
| Total stockholders’ equity                                                                                                                              |          |   |                | 563,438    |   |   |   | 619,613 |   |
|                                                                                                                                                          |          |   |                |       |   |   |   |   |   |
| Total liabilities and stockholders' equity                                                                                                                    |          |   |                | 1,712,266  |   |   |   | 1,716,824 |   |

----

|                                                                                                                      |   | Three months endedMarch 31, |    |
|---------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|---------|
|                                                                                                                      |   | 2011                        |    |   | 2010 |   |
|                                                                                                                      |   | US$                         |    |   | US$ |   |
|                                                                                                                      |   |                        |    |   |   |   |
| Cash flows from operating activities:                                                                                     |   |                        |    |   |   |   |
| Net (loss) income including noncontrolling interests                                                                      |   |                        | (56,175 | ) |   |   | 62,930 |   |
|                                                                                                                      |   |                        |    |   |   |   |   |   |
| Adjustments to reconcile net (loss) income to net cash used in operating activities:                                      |   |                        |    |   |   |   |   |   |
| Depreciation of property, plant and equipment                                                                             |   |                        | 4,512   |   |   |   | 4,019 |   |
|  Amortization of intangible assets                                                                                   |   |                        | 29,798  |   |   |   | 51,413 |   |
|  Interest income                                                                                                     |   |                        | (411    | ) |   |   | (3,237 | ) |
| Changes in working capital:                                                                                               |   |                        |    |   |   |   |   |   |
| Trade receivables                                                                                                         |   |                        | 22,879  |   |   |   | (180,294 | ) |
| Other debtors                                                                                                             |   |                        | (45,342 | ) |   |   | (22,617 | ) |
| Inventories                                                                                                               |   |                        | 1,656   |   |   |   | (257 | ) |
| Trade payables                                                                                                            |   |                        | 43,833  |   |   |   | 49,001 |   |
| Accrued charges and other payables                                                                                        |   |                        | 4,707   |   |   |   | 40,795 |   |
| Temporary receipts                                                                                                        |   |                        | (11,079 | ) |   |   | (9,649 | ) |
| Interest payable to a related party                                                                                       |   |                        | -       |   |   |   | 21,221 |   |
| Income tax recoverable                                                                                                    |   |                        | (464    | ) |   |   | (25,053 | ) |
|                                                                                                                      |   |                        |    |   |   |   |   |   |
| Net cash used in operating activities                                                                                     |   |                        | (6,086  | ) |   |   | (11,728 | ) |
|                                                                                                                      |   |                        |    |   |   |   |   |   |
| Cash flows from investing activities:                                                                                     |   |                        |    |   |   |   |   |   |
| Interest received                                                                                                         |   |                        | 411     |   |   |   | 3,237 |   |
| Payments for purchase of property, plant and equipment                                                                    |   |                        | -       |   |   |   | (17,052 | ) |
| Decrease in bank deposits, collateralized                                                                                 |   |                        | -       |   |   |   | 132,353 |   |
|                                                                                                                      |   |                        |    |   |   |   |   |   |
| Net cash provided by investing activities                                                                                 |   |                        | 411     |   |   |   | 118,538 |   |
|                                                                                                                      |   |                        |    |   |   |   |   |   |
| Cash flows from financing activities:                                                                                     |   |                        |    |   |   |   |   |   |
| Repayments from (Advances to) related parties                                                                             |   |                        | 130,076 |   |   |   | (53,092 | ) |
| Repayment of short-term bank loan                                                                                         |   |                        | -       |   |   |   | (125,000 | ) |
|                                                                                                                      |   |                        |    |   |   |   |   |   |
| Net cash provided by (used in) financing activities                                                                       |   |                        | 130,076 |   |   |   | (178,092 | ) |
|                                                                                                                      |   |                        |    |   |   |   |   |   |
| Net increase (decrease) in cash and cash equivalents                                                                      |   |                        | 124,401 |   |   |   | (71,282 | ) |
|                                                                                                                      |   |                        |    |   |   |   |   |   |
| Cash and cash equivalents at beginning of period                                                                          |   |                        | 209,304 |   |   |   | 378,671 |   |
|                                                                                                                      |   |                        |    |   |   |   |   |   |
| Cash and cash equivalents at end of period,  represented by cash and bank balances                              |   |                        | 333,705 |   |   |   | 307,389 |   |
|                                                                                                                      |   |                        |    |   |   |   |   |   |
|                                                                                                                      |   |                        |    |   |   |   |   |   |
| Supplemental cash flow information:                                                                                       |   |                        |    |   |   |   |   |   |
| Interest paid                                                                                                             |   |                        | -       |   |   |   | 608 |   |
| Non-cash transaction – consideration for acquisition of additional interest in a subsidiary paid by a related party |   |                        | -       |   |   |   | 294,118 |   |
|                                                                                                                      |   |                        |    |   |   |   |   |   |

----

| 1. | ORGANIZATION |
|----|--------------|

----

| 2. | GOING CONCERN CONSIDERATION |
|----|-----------------------------|

| 3. | RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS AND STANDARDS |
|----|---------------------------------------------------------|

| 4. | TAXATION |
|----|----------|

----

|                                          |   | Three months ended March 31, |   |
|-----------------------------------------------|--------|-----------------------------------|--------|
|                                          |   | 2011                              |   |   | 2010 |   |
|                                          |   |  US$                         |   |   |  US$ |   |
|                                          |   |                              |   |   |   |   |
| Service income                                |   |                              | -      |   |   |   | - |   |
|                                          |   |                              |   |   |   |   |   |   |
| Subcontracting and other service costs        |   |                              | -      |   |   |   | - |   |
| Staff costs                                   |   |                              | -      |   |   |   | (1,576 | ) |
| Depreciation of property, plant and equipment |   |                              | -      |   |   |   | (268 | ) |
| Amortization of intangible assets             |   |                              | -      |   |   |   | - |   |
| Other general and administrative expenses     |   |                              | -      |   |   |   | (13 | ) |
| Interest income                               |   |                              | -      |   |   |   | 3 |   |
| Interest expenses                             |   |                              | -      |   |   |   | (6,618 | ) |
|                                          |   |                              |   |   |   |   |   |   |
| Net Loss                                      |   |                              | -      |   |   |   | (8,472 | ) |

----

| 6. | RELATED PARTY TRANSACTIONS |
|----|----------------------------|

|   | (a) | Name and relationship of related parties |
|--------|-----|------------------------------------------|

| Name                                                                             | Existing relationships with the Company                                          |
|----------------------------------------------------------------------------------|----------------------------------------------------------------------------------|
|                                                                             |                                                                             |
| Li Xing Hao                                                                      | A director of Wanzhi and a major stockholder of SPYE                             |
| Qiu Bo                                                                           | Spouse of Li Xing Hao                                                            |
| Guangdong Chigo Air Conditioning Company Limited* (“Chigo”)          | A company in which Li Xing Hao has control and beneficial interest               |
| Foshan Information Technology Company Limited* (“Foshan Company”)    | A company in which Li Xing Hao has control and beneficial interest               |
| Foshan JinCheng Information Technology Company Limited* (“JinCheng”) | A company in which Li Xing Hao has control and beneficial interest               |
| Foshan KaiEr Information Technology Company Limited* (“KaiEr”)       | A company in which Li Xing Hao has significant influence and beneficial interest |

|   |  (b) | Balances with related parties |
|--------|-----------|-------------------------------|

|   |   | As of          |   |
|--------|--------|----------------|--------|
|   |   | March 31, 2011 |   |   | December 31, 2010 |   |
|   |   | US$       |   |   | US$  |   |
|   |   |           |   |   |   |   |
| Chigo  |   |           | 5,944  |   |   |   | 5,944 |   |

|        |   | As of          |    |
|-------------|--------|----------------|---------|
|        |   | March 31, 2011 |    |   | December 31, 2010 |   |
|        |   | US$       |    |   | US$  |   |
|        |   |           |    |   |   |   |
| Li Xing Hao |   |           | 261,531 |   |   |   | 377,451 |   |
| JinCheng    |   |           | 5,383   |   |   |   | 5,383 |   |
|        |   |           |    |   |   |   |   |   |
|        |   |           | 266,914 |   |   |   | 382,834 |   |

----

| 6. | RELATED PARTY TRANSACTIONS (CONTINUED) |
|----|----------------------------------------|

|                                                                                                                           |   | As of          |    |
|--------------------------------------------------------------------------------------------------------------------------------|--------|----------------|---------|
|                                                                                                                           |   | March 31, 2011 |    |   | December 31, 2010 |   |
|                                                                                                                           |   | US$       |    |   | US$  |   |
|                                                                                                                           |   |           |    |   |   |   |
| Foshan Company                                                                                                                 |   |           | 60,667  |   |   |   | 60,667 |   |
| Chigo                                                                                                                          |   |           | 5,039   |   |   |   | 4,584 |   |
|                     KaiEr       |   |           | 62,491  |   |   |   | 49,260 |   |
|                     Qiu Bo |   |           | 470     |   |   |   | - |   |
|                                                                                                                           |   |           |    |   |   |   |   |   |
|                                                                                                                           |   |           | 128,667 |   |   |   | 114,511 |   |

|                             |   | Three months endedMarch 31, |   |
|----------------------------------|--------|-----------------------------|--------|
|                             |   | 2011                        |   |   | 2010 |   |
|                             |   | US$                         |   |   | US$ |   |
|                             |   |                        |   |   |   |   |
| Sundry income from KaiEr         |   |                        | 4,438  |   |   |   | - |   |
| Interest expenses to Li Xing Hao |   |                        | -      |   |   |   | 21,221 |   |

----

----

|                                                                              |   | Three months ended March 31, |      |
|-----------------------------------------------------------------------------------|--------|-----------------------------------|-----------|
|                                                                              |   | 2011                              |      |   | 2010 |   |
|                                                                              |   | US$                               |      |   | US$ |   |
| Continuing operations                                                             |   |                              |      |   | (Restated) |   |
|                                                                              |   |                              |      |   |   |   |
| Operating revenues                                                                |   |                              |      |   |   |   |
| Service income                                                                    |   |                              | 177,979   |   |   |   | 544,307 |   |
|                                                                              |   |                              |      |   |   |   |   |   |
| Operating expenses                                                                |   |                              |      |   |   |   |   |   |
| Subcontracting and other service costs                                            |   |                              | (102,411  | ) |   |   | (315,299 | ) |
| Staff costs                                                                       |   |                              | (22,745   | ) |   |   | (25,289 | ) |
| Depreciation of property, plant and equipment                                     |   |                              | (4,512    | ) |   |   | (3,751 | ) |
| Amortization of intangible assets                                                 |   |                              | (29,798   | ) |   |   | (51,413 | ) |
| Other general and administrative expenses                                         |   |                              | (79,561   | ) |   |   | (65,176 | ) |
|                                                                              |   |                              |      |   |   |   |   |   |
| (Loss) Income from operations                                                     |   |                              | (61,048   | ) |   |   | 83,379 |   |
|                                                                              |   |                              |      |   |   |   |   |   |
| Interest income                                                                   |   |                              | 411       |   |   |   | 3,234 |   |
| Other income                                                                      |   |                              | 4,462     |   |   |   | - |   |
| Interest expenses                                                                 |   |                              | -         |   |   |   | (15,211 | ) |
|                                                                              |   |                              |      |   |   |   |   |   |
| (Loss) Income before income tax and noncontrolling interests                      |   |                              | (56,175   | ) |   |   | 71,402 |   |
|                                                                              |   |                              |      |   |   |   |   |   |
| Income tax                                                                        |   |                              | -         |   |   |   | - |   |
|                                                                              |   |                              |      |   |   |   |   |   |
| Net (loss) income from continuing operations including noncontrolling interests   |   |                              | (56,175   | ) |   |   | 71,402 |   |
|                                                                              |   |                              |      |   |   |   |   |   |
| Discontinued operations                                                           |   |                              |      |   |   |   |   |   |
| Loss from discontinued operations                                                 |   |                              | -         |   |   |   | (8,472 | ) |
|                                                                              |   |                              |      |   |   |   |   |   |
| Net (loss) income including noncontrolling interests                              |   |                              | (56,175   | ) |   |   | 62,930 |   |
|                                                                              |   |                              |      |   |   |   |   |   |
| Add:Net loss from continuing operations attributable to noncontrolling interest   |   |                              | -         |   |   |   | 834 |   |
| Add:Net loss from discontinued operations attributable to noncontrolling interest |   |                              | -         |   |   |   | 131 |   |
|                                                                              |   |                              |      |   |   |   |   |   |
| Net (loss) income attributable to SPYE common stockholders                        |   |                              | (56,175   | ) |   |   | 63,895 |   |
|                                                                              |   |                              |      |   |   |   |   |   |
| Other comprehensive income                                                        |   |                              | -         |   |   |   | - |   |
|                                                                              |   |                              |      |   |   |   |   |   |
| Total comprehensive (loss) income                                                 |   |                              | (56,175   | ) |   |   | 63,895 |   |
|                                                                              |   |                              |      |   |   |   |   |   |
| Basic and diluted (loss) earnings per share                                       |   |                              |      |   |   |   |   |   |
| (Loss) Earnings per share from continuing operations                              |   | (4.35) cents                      |      |   | 5.59 cents |   |
| Loss per share from discontinued operations                                       |   |                              | -         |   |   | (0.65) cents |   |
|                                                                              |   |                              |      |   |   |   |   |   |
|                                                                              |   | (4.35) cents                      |      |   | 4.94 cents |   |
|                                                                              |   |                              |      |   |   |   |   |   |
| Weighted average number of shares of common stock outstanding                     |   |                              | 1,292,166 |   |   |   | 1,292,166 |   |

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| 31.1       | Certification of the Chief Executive Officer Pursuant to Rule 13a-14(a) or Rule 15d-14(a) of the Securities Exchange Act of 1934                        |
|------------|---------------------------------------------------------------------------------------------------------------------------------------------------------|
|       |                                                                                                                                                    |
| 31.2       | Certification of the Chief Financial Officer Pursuant to Rule 13a-14(a) or Rule 15d-14(a) of the Securities Exchange Act of 1934                        |
|       |                                                                                                                                                    |
| 32.1       | Certification of the Company's Chief Executive Officer Pursuant to 18 U.S.C. SS. 1350 Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
|       |                                                                                                                                                    |
| 32.2  | Certification of the Company's Chief Financial Officer Pursuant to 18 U.S.C. SS. 1350 Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |

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|              |                                 |          |
|-------------------|--------------------------------------|---------------|
| May 16, 2011 | Smartpay Express, Inc.               |
|              | By:                                  | /s/ Ping Tang |
|              | Ping Tang                            |
|              | Chairman and Chief Executive Officer |

|         |                    |             |
|--------------|-------------------------|------------------|
| May 16, 2011 | Smartpay Express, Inc.  |
|         | By:                     | /s/ Xianxia Wang |
|         | Xianxia Wang            |
|         | Chief Financial Officer |

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