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**SPORTS      SOURCE, INC.**

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| **Delaware**                                   | **20-1917956**                     |
|------------------------------------------------|------------------------------------|
| (State                or Other Jurisdiction of | (I.R.S.                Employer    |
| Incorporation                or Organization)  | Identification                No.) |

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**SPORTS      SOURCE, INC.**

**INDEX**

| **PART                I. FINANCIAL INFORMATION**                                                                     |   |
|----------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                 |   |
| **Item                1. Financial Statements**                                                                      |   |
|                                                                                                                 |   |
| **Condensed                Balance Sheet as of September 30, 2006                (Unaudited)**                       | **2**  |
|                                                                                                                 |   |
| **Condensed                Statements of Operations for the three and nine months                ended**             |   |
| **September                30, 2006 and 2005 and for the period from November 15, 2004 (Inception)**                 |   |
| **to                September 30, 2006 (Unaduited)**                                                                 | **3**  |
|                                                                                                                 |   |
| **Condensed                Statements of Changes in Stockholders’ Deficit for the period                from** |   |
| **November                15, 2004 (Inception) to September 30, 2006                (Unaudited)**                    | **4**  |
|                                                                                                                 |   |
| **Condensed                Statements of Cash Flows for the nine months ended**                                      |   |
| **September                30, 2005 and 2005 and for the period from November 15,                2004**              |   |
| **(Inception)                to September 30, 2006 (Unaduited)**                                                     | **5**  |
|                                                                                                                 |   |
| **Notes                to Condensed Financial Statements (Unaudited)**                                               | **6**  |
|                                                                                                                 |   |
| **Item                2. Management's Discussion and Analysis or Plan of                Operation.**                 | **10** |
|                                                                                                                 |   |
| **Item                3. Controls and Procedures.**                                                                  | **12** |
|                                                                                                                 |   |
| **PART                II. OTHER INFORMATION**                                                                        | **13** |
|                                                                                                                 |   |
| **Item                1. Legal Proceedings.**                                                                        | **13** |
| **Item                2. Unregistered Sales of Equity Securities and Use of                Proceeds.**               | **13** |
| **Item                3. Defaults Upon Senior Securities.**                                                          | **13** |
| **Item                4. Submission of Matters to a Vote of Security                Holders.**                       | **13** |
| **Item                5. Other Information.**                                                                        | **13** |
| **Item                6. Exhibits.**                                                                                 | **13** |
|                                                                                                                 |   |
| **SIGNATURES**                                                                                                       | **13** |

----

**Sports      Source, Inc.**

**(A      Development Stage Company)**

**Balance      Sheet**

**September      30, 2006**

**(Unaudited)**

| **ASSETS**                                                                                                                                          |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| **Current                Assets**                                                                                                                   |   |   |   |   |
| Cash                                                                                                                                                |   | $ | 7,241 |   |
| Accounts                Receivable                                                                                                                  |   |   | 13 |   |
| Prepaid                Expenses                                                                                                                     |   |   | 1,600 |   |
| **Total                Assets**                                                                                                                     |   | **$** | **8,854** |   |
|                                                                                                                                                |   |   |   |   |
| **LIABILITIES                AND STOCKHOLDERS’ DEFICIT**                                                                                      |
| **Current                Liabilities**                                                                                                              |   |   |   |   |
| Accounts                Payable                                                                                                                     |   |   | 14,100 |   |
| **Total                Liabilities**                                                                                                                |   | $ | 14,100 |   |
|                                                                                                                                                |   |   |   |   |
| **Commitments                and Contingencies**                                                                                                    |   |   |   |   |
|                                                                                                                                                |   |   |   |   |
| **Stockholders’                Deficit**                                                                                                      |   |   |   |   |
| Preferred                Stock, $0.01 par value; 10,000,000 shares authorized, none issued                and                outstanding            |   |   | - |   |
| Common                stock, $0.01 par value; 100,000,000 shares authorized, 18,840,000                shares                issued and outstanding |   |   | 18,840 |   |
| Additional                paid-in capital                                                                                                           |   |   | 88,260 |   |
| Deficit                accumulated during the development stage                                                                                     |   |   | (112,346 | ) |
| **Total                Stockholders’ Deficit**                                                                                                |   | $ | (5,246 | ) |
|                                                                                                                                                |   |   |   |   |
| **Total                Liabilities and Stockholders’ Deficit**                                                                                |   | **$** | **8,854** |   |

----

**Sports        Source, Inc.**

**(A        Development Stage Company)**

**Statements        of Operations**

**For      the Three and Nine Months Ended September 30, 2006 and 2005 and**

**For      the Period from November 15, 2004 (Inception) to September 30,      2006**

**(Unaudited)**

|                                                                                                                         |   | **Three                Months Ended September 30,** |           | **Nine                Months Ended September 30,** |   | **November                15, 2004 (Inception) to** |   |
|------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------|----------------|----------------------------------------------------|--------|-----------------------------------------------------|--------|
|                                                                                                                         |   | **2006**                                            |           | **2005**                                           |   | **2006**                                            |   | **2005** |   | **September                30, 2006** |   |
|                                                                                                                         |   |                                                |           |                                               |   |                                                |   |   |   |   |   |
| **Revenue**                                                                                                                  |   | $                                                   | -              |                                               | $      | 77                                                  |   | $ | 2 |   | $ | 82 |   | $ | 89 |   |
|                                                                                                                         |   |                                                |           |                                               |   |                                                |   |   |   |   |   |   |   |   |   |   |
| **Operating                Expenses**                                                                                        |   |                                                |           |                                               |   |                                                |   |   |   |   |   |   |   |   |   |   |
| Professional                fees                                                                                             |   |                                                | 11,176         |                                               |   | 8,850                                               |   |   | 28,385 |   |   | 32,370 |   |   | 71,177 |   |
| Stock                issued for services                                                                                     |   |                                                | -              |                                               |   | -                                                   |   |   | - |   |   | 15,000 |   |   | 22,500 |   |
| General                and administrative                                                                                    |   |                                                | 3,641          |                                               |   | 3,171                                               |   |   | 9,406 |   |   | 6,759 |   |   | 19,494 |   |
| **Total                Operating Expenses**                                                                                  |   |                                                | 14,817         |                                               |   | 12,021                                              |   |   | 37,791 |   |   | 54,129 |   |   | 113,171 |   |
|                                                                                                                         |   |                                                |           |                                               |   |                                                |   |   |   |   |   |   |   |   |   |   |
| **Loss                from Operations**                                                                                      |   |                                                | (14,817        | )                                                  |   | (11,944                                             | )      |   | (37,789 | ) |   | (54,047 | ) |   | (113,082 | ) |
|                                                                                                                         |   |                                                |           |                                               |   |                                                |   |   |   |   |   |   |   |   |   |   |
| **Other                Income**                                                                                              |   |                                                |           |                                               |   |                                                |   |   |   |   |   |   |   |   |   |   |
| Interest                Income                                                                                               |   |                                                | -              |                                               |   | 203                                                 |   |   | 199 |   |   | 383 |   |   | 736 |   |
| **Total                Other Income**                                                                                        |   |                                                | 0              |                                               |   | 203                                                 |   |   | 199 |   |   | 383 |   |   | 736 |   |
|                                                                                                                         |   |                                                |           |                                               |   |                                                |   |   |   |   |   |   |   |   |   |   |
| **Provision                for Income Taxes**                                                                                |   |                                                | -              |                                               |   | -                                                   |   |   | - |   |   | - |   |   | - |   |
|                                                                                                                         |   |                                                |           |                                               |   |                                                |   |   |   |   |   |   |   |   |   |   |
| **Net                Loss**                                                                                                  |   | **$**                                               | **(14,817**    | **)**                                              | **$**  | **(11,741**                                         | **)**  | **$** | **(37,590** | **)** | **$** | **(53,664** | **)** | **$** | **(112,346** | **)** |
|                                                                                                                         |   |                                                |           |                                               |   |                                                |   |   |   |   |   |   |   |   |   |   |
| **Net                Loss Per Share - Basic and Diluted**                                                                    |   | **$**                                               | **(0.00**      | **)**                                              | **$**  | **(0.00**                                           | **)**  | **$** | **(0.00** | **)** | **$** | **(0.00** | **)** | **$** | **(0.01** | **)** |
|                                                                                                                         |   |                                                |           |                                               |   |                                                |   |   |   |   |   |   |   |   |   |   |
| **Weighted                  average number of shares outstanding during****the                  period - basic and diluted** |   |                                                | **18,840,000** |                                               |   | **18,840,000**                                      |   |   | **18,840,000** |   |   | **17,897,132** |   |   | **18,201,199** |   |

----

**Sports      Source, Inc.**

**(A      Development Stage Company)**

**Statement      of Stockholders’ Equity (Deficiency)**

**For      the period from November 15, 2004 (inception) to September 30,      2006**

**Unaudited**

|                                                                               |   | Preferred                Stock$.001                Par Value |   | Common                Stock, $.001 Par Value |   | AdditionalPaid-in                Capital |   | Deficitaccumulated                during development stage |           | TotalStockholders’                Equity (Deficiency) |   |
|------------------------------------------------------------------------------------|--------|--------------------------------------------------------------|--------|----------------------------------------------|--------|------------------------------------------|--------|------------------------------------------------------------|----------------|-------------------------------------------------------------|--------|
|                                                                               |   | Shares                                                       |   | Amount                                       |   | Shares                                   |   | Amount                                                     |           |                                                        |   |   |   |   |   |
| Balance,                November 15, 2004 (inception)                              |   |                                                         | -      |                                         | $      | -                                        |   |                                                       | -              |                                                        | $      | - |   | $ | - |   | $ | - |   | $ | - |   |
|                                                                               |   |                                                         |   |                                         |   |                                     |   |                                                       |           |                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                stock issued to founder ($0.001 per share)                   |   |                                                         | -      |                                         |   | -                                        |   |                                                       | 15,000,000     |                                                        |   | 15,000 |   |   | (7,500 | ) |   | - |   |   | 7,500 |   |
|                                                                               |   |                                                         |   |                                         |   |                                     |   |                                                       |           |                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                loss for the period from November 15, 2004 to December 31, 2004 |   |                                                         | -      |                                         |   | -                                        |   |                                                       | -              |                                                        |   | - |   |   | - |   |   | (9,218 | ) |   | (9,218 | ) |
|                                                                               |   |                                                         |   |                                         |   |                                     |   |                                                       |           |                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,                December 31, 2004                                          |   |                                                         | -      |                                         |   | -                                        |   |                                                       | 15,000,000     |                                                        |   | 15,000 |   |   | (7,500 | ) |   | (9,218 | ) |   | (1,718 | ) |
|                                                                               |   |                                                         |   |                                         |   |                                     |   |                                                       |           |                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                stock issued for cash ($0.05 per share)                      |   |                                                         | -      |                                         |   | -                                        |   |                                                       | 3,240,000      |                                                        |   | 3,240 |   |   | 77,760 |   |   | - |   |   | 81,000 |   |
| .                                                                                  |   |                                                         |   |                                         |   |                                     |   |                                                       |           |                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                stock issued for services ($0.05 per share)                  |   |                                                         | -      |                                         |   | -                                        |   |                                                       | 600,000        |                                                        |   | 600 |   |   | 14,400 |   |   | - |   |   | 15,000 |   |
|                                                                               |   |                                                         |   |                                         |   |                                     |   |                                                       |           |                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| In-kind                contribution of rent                                        |   |                                                         | -      |                                         |   | -                                        |   |                                                       | -              |                                                        |   | - |   |   | 3,600 |   |   | - |   |   | 3,600 |   |
|                                                                               |   |                                                         |   |                                         |   |                                     |   |                                                       |           |                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                loss for the year ended December 31, 2005                       |   |                                                         | -      |                                         |   | -                                        |   |                                                       | -              |                                                        |   | - |   |   | - |   |   | (65,538 | ) |   | (65,538 | ) |
|                                                                               |   |                                                         |   |                                         |   |                                     |   |                                                       |           |                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,                December 31, 2005                                          |   |                                                         | -      |                                         |   | -                                        |   |                                                       | 18,840,000     |                                                        |   | 18,840 |   |   | 88,260 |   |   | (74,756 | ) |   | 32,344 |   |
|                                                                               |   |                                                         |   |                                         |   |                                     |   |                                                       |           |                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                loss for the nine months ended September 30, 2006               |   |                                                         | -      |                                         |   | -                                        |   |                                                       | -              |                                                        |   | - |   |   | - |   |   | (37,590 | ) |   | (37,590 | ) |
|                                                                               |   |                                                         |   |                                         |   |                                     |   |                                                       |           |                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| **Balance,                September 30, 2006**                                     |   |                                                         | **-**  |                                         | **$**  | **-**                                    |   |                                                       | **18,840,000** |                                                        | **$**  | **18,840** |   | **$** | **88,260** |   | **$** | **(112,346** | **)** | **$** | **(5,246** | **)** |

----

**Sports        Source, Inc.**

**(A        Development Stage Company)**

**Statements      of Cash Flows**

**For      the Nine Months Ended September 30, 2006 and 2005 and**

**for      the Period from November 15, 2004 (inception) to September 30,      2006**

**(Unaudited)**

|                                                                            |   |                                               |        |                              |   | **November                15, 2004**  |   |
|---------------------------------------------------------------------------------|--------|----------------------------------------------------|-------------|-----------------------------------|--------|---------------------------------------|--------|
|                                                                            |   | **Nine                Months Ended September 30,** |        | **(Inception)                to** |   |
|                                                                            |   | **2006**                                           |        | **2005**                          |   | **September                30, 2006** |   |
| **Cash                Flows From Operating Activities:**                        |   |                                               |        |                              |   |                                  |   |   |   |   |
| Net                Loss                                                         |   | $                                                  | (37,590     | )                                 | $      | (53,664                               | )      | $ | (112,346 | ) |
| Adjustments                to reconcile net loss to net cash used in operations |   |                                               |        |                              |   |                                  |   |   |   |   |
| Stock                issued for services                                        |   |                                               | -           |                              |   | 15,000                                |   |   | 22,500 |   |
| In-kind                contribution of rent                                     |   |                                               | -           |                              |   | 3,600                                 |   |   | 3,600 |   |
| Changes                in operating assets and liabilities:                     |   |                                               |        |                              |   |                                  |   |   |   |   |
| Increase                (Decrease) in:                                          |   |                                               |        |                              |   |                                  |   |   |   |   |
| Accounts                receivable                                              |   |                                               | (1          | )                                 |   | (7                                    | )      |   | (13 | ) |
| Prepaid                Expenses                                                 |   |                                               | (1,600      | )                                 |   | -                                     |   |   | (1,600 | ) |
| Accounts                payable                                                 |   |                                               | 13,106      |                              |   | -                                     |   |   | 14,100 |   |
| **Net                Cash Used In Operating Activities**                        |   |                                               | **(26,085** | **)**                             |   | **(35,071**                           | **)**  |   | **(73,759** | **)** |
|                                                                            |   |                                               |        |                              |   |                                  |   |   |   |   |
| **Cash                Flows From Investing Activities**                         |   |                                               | -           |                              |   | -                                     |   |   | - |   |
|                                                                            |   |                                               |        |                              |   |                                  |   |   |   |   |
| **Cash                Flows From Financing Activities:**                        |   |                                               |        |                              |   |                                  |   |   |   |   |
| Proceeds                from (Repayments on) stockholder loan                   |   |                                               | -           |                              |   | (702                                  | )      |   | - |   |
| Proceeds                from (Repayments on) loan payable - related party       |   |                                               | -           |                              |   | (1,000                                | )      |   | - |   |
| Repayment                of cash overdraft                                      |   |                                               | -           |                              |   | (16                                   | )      |   | - |   |
| Proceeds                from issuance of common stock                           |   |                                               | -           |                              |   | 81,000                                |   |   | 81,000 |   |
| **Net                Cash Provided by Financing Activities**                    |   |                                               | **-**       |                              |   | **79,282**                            |   |   | **81,000** |   |
|                                                                            |   |                                               |        |                              |   |                                  |   |   |   |   |
| **Net                Increase (Decrease) in Cash**                              |   |                                               | (26,085     | )                                 |   | 44,211                                |   |   | 7,241 |   |
|                                                                            |   |                                               |        |                              |   |                                  |   |   |   |   |
| Cash                at Beginning of Period/Year                                 |   |                                               | 33,326      |                              |   | -                                     |   |   | - |   |
|                                                                            |   |                                               |        |                              |   |                                  |   |   |   |   |
| **Cash                at End of Period/Year**                                   |   | **$**                                              | **7,241**   |                              | **$**  | **44,211**                            |   | **$** | **7,241** |   |
|                                                                            |   |                                               |        |                              |   |                                  |   |   |  |   |
| **Supplemental                disclosure of cash flow information:**            |   |                                               |        |                              |   |                                  |   |   |  |   |
| Cash                paid for interest                                           |   | $                                                  | -           |                              | $      | -                                     |   | $ | - |   |
| Cash                paid for taxes                                              |   | $                                                  | -           |                              | $      | -                                     |   | $ | - |   |

----

**Sports        Source, Inc.**

**(A        Development Stage Company)**

**Notes        to Condensed Financial Statements**

**As        of September 30, 2006**

**(Unaudited)**

| **NOTE              1** | **SUMMARY                OF SIGNIFICANT ACCOUNTING POLICIES AND                ORGANIZATION** |
|-------------------------|-----------------------------------------------------------------------------------------------|

***(A)      Basis of Presentation***

***(B)      Organization***

***(C)      Use of Estimates***

***(D)      Cash and Cash Equivalents***

***(E)      Income Taxes***

***(F)      Loss Per Share***

***(G)      Stock-Based Compensation***

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**Sports          Source, Inc.**

**(A          Development Stage Company)**

**Notes          to Condensed Financial Statements**

**As          of September 30, 2006**

**(Unaudited)**

***(H)      Revenue Recognition***

***(I)      Business Segments***

***(J)      Recent Accounting Pronouncements***

| **NOTE              2** | **STOCKHOLDERS’                EQUITY** |
|-------------------------|-----------------------------------------------|

***(A)      Common Stock Issued for Services***

***(B)      Common Stock Issued for Cash***

***(C)      In-Kind Contribution***

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**Sports          Source, Inc.**

**(A          Development Stage Company)**

**Notes          to Condensed Financial Statements**

**As          of September 30, 2006**

**(Unaudited)**

***(D)      Stock Split***

| **NOTE              3** | **LOANS                PAYABLE** |
|-------------------------|----------------------------------|

***(A)      Loans Payable - Stockholder***

***(B)      Loans Payable - Related Party***

| **NOTE              4** | **COMMITMENTS                AND CONTINGENCIES** |
|-------------------------|--------------------------------------------------|

| **NOTE              5** | **RELATED                PARTY TRANSACTIONS** |
|-------------------------|-----------------------------------------------|

| **NOTE              6** | **GOING                CONCERN** |
|-------------------------|----------------------------------|

----

**Sports          Source, Inc.**

**(A          Development Stage Company)**

**Notes          to Condensed Financial Statements**

**As          of September 30, 2006**

**(Unaudited)**

| **NOTE              7** | **SUBSEQUENT                EVENT** |
|-------------------------|-------------------------------------|

|   | A) | On                October 11, 2006, the Company acquired Kinfair Holdings Limited in                a                transaction accounted for as a reverse merger (the “Reverse Merger                Transaction”). A Current Report on Form 8-K dated October 13, 2006 was                filed describing the business and operations of Kinfair Holdings                Limited.                The Company issued 7,500,000 common shares which represented 59%                of the                total outstanding shares upon completion of the                merger. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | B) | During                October 2006, the Company’s sole director and majority stockholder, James                Tubbs, returned 13,700,000 shares of common stock. The return of                shares                will be treated as an in-kind contribution by the                Company. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | C) | During                November 2006, the Company amended its Certificate of Incorporation                to                change its corporate name to New Oriental Energy & Chemical Corp. and                decreased its authorized common stock from 100,000,000 to                30,000,000. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**Item      2. Management's Discussion and Analysis or Plan of      Operation**

** **

----

**Item      3. Controls and Procedures**

**A.      Evaluation of Disclosure Controls and Procedures:**

**B.      Changes in Internal Control over Financial Reporting:**

----

**PART      II**

**OTHER      INFORMATION**

**Item      1. Legal Proceedings.**

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

**Item      3. Defaults Upon Senior Securities.**

**Item      4. Submission of Matters to a Vote of Security Holders.**

**Item      5. Other Information.**

**Item      6. Exhibits.**

|  | 31.1 | Certification                pursuant to Section 302 of Sarbanes Oxley Act of                2002 |
|--|------|---------------------------------------------------------------------------------------------------|

|  | 31.2 | Certification                pursuant to Section 302 of Sarbanes Oxley Act of                2002 |
|--|------|---------------------------------------------------------------------------------------------------|

|  | 32.1 | Certification                pursuant to Section 906 of Sarbanes Oxley Act of                2002 |
|--|------|---------------------------------------------------------------------------------------------------|

|  | 32.2 | Certification                pursuant to Section 906 of Sarbanes Oxley Act of                2002 |
|--|------|---------------------------------------------------------------------------------------------------|

----

**SIGNATURES**

|                                |                                   |                                        |
|-------------------------------------|----------------------------------------|---------------------------------------------|
|                                | **SPORTS                SOURCE, INC.** |
|                           |                              |                                   |
| Date:              November 9, 2006 | By:                          | /s/              Wang              Gui Quan |
|                                | Name:Wang              Gui Quan        |
|                                | Title: President                  |

----