UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 FORM 10-QSB QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
 OF 1934 FOR THE QUARTER ENDED  JUNE 30, 2008 Commission File Number 000-51817  CHINA MULTIMEDIA, INC.(Name of small business issuer in its charter)  Nevada
(State or jurisdiction of incorporation or
organization)98-0507257
I.R.S. Employer Identification No.  Rm 2213-14, 22nd Floor Jardine House, 1 Connaught Place Central, Hong Kong  (Address of principal executive offices) Issuers telephone number (852) 2802-8663 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 past 12 months and (2) has been subject to such filing requirements for the past 90 days. Yes /x / No / / As of August 11, 2008, there were 1,200,000 shares of voting common stock, $0.001 par value, of China Multimedia, Inc. issued and outstanding. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes   o       No   x Transitional Small Business Disclosure Format (check one): Yes / / No /x /        PART I    Item 1. Condensed Financial Statements     CHINA MULTIMEDIA, INC.  (A DEVELOPMENT STAGE COMPANY)   CONDENSED FINANCIAL STATEMENTS   FOR THE THREE AND NINE MONTHS ENDED JUNE 30, 2008       Index to condensed financial statements           Page  Condensed balance sheets 3  Condensed statements of operations and comprehensive income 4  Condensed statements of cash flows 5  Notes to condensed financial statements 6 - 9     CHINA MULTIMEDIA, INC.  (A DEVELOPMENT STAGE COMPANY)    CONDENSED BALANCE SHEETS   AS OF JUNE 30, 2008 AND SEPTEMBER 30, 2007     As ofAs ofJune 30,September 30,20082007(Unaudited)(Audited)US$US$ASSETSCurrent assetsCash and cash equivalents80,808865Total assets80,808865LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)Current liabilitiesAccrued audit fee1,6663,215Amount due to a stockholder (Note 9)40,87719,727Total liabilities42,54322,942Stockholders equity (deficit)Common stock - US$0.001 par value (Note 6) :authorized 50,000,000 shares; 1,200,000 shares issued andoutstanding in 2008 and 1,000,000 shares issued andoutstanding in 20071,2001,000Additional paid in capital99,800-Accumulated deficit during the development stage(62,727)(23,009)Accumulated other comprehensive loss(8)(68)Total stockholders equity (deficit)38,265(22,077)Total liabilities and stockholders equity (deficit)80,808865       See accompanying notes to condensed financial statements.  3     CHINA MULTIMEDIA, INC.  (A DEVELOPMENT STAGE COMPANY)    CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS   FOR THE THREE MONTHS AND NINE MONTHS ENDED JUNE 30, 2008 AND 2007   AND FROM INCEPTION ON AUGUST 16, 2006 THROUGH JUNE 30, 2008     For the three months ended June 30
(Unaudited)For the nine months ended June 30
(Unaudited)Cumulative total since inception2008200720082007(Unaudited)US$US$US$US$US$Revenue-----ExpensesFormation expenses----778General and administrative expenses26,4527,96939,72012,43061,964Loss from operations(26,452)(7,969)(39,720)(12,430)(62,742)Interest income-32915Loss before income taxes(26,452)(7,966)(39,718)(12,421)(62,727)Income taxes (Note 4)-----Net loss(26,452)(7,966)(39,718)(12,421)(62,727)Other comprehensive income (loss)Foreign currency translationadjustments48136039(8)Total comprehensive loss(26,404)(7,953)(39,658)(12,382)(62,735)Net loss per share :Basic and diluted (Note 5)(0.02)(0.00)(0.04)(0.00)(0.06)Weighted average number of shares :Basic and diluted1,083,5161,000,0001,027,7371,000,0001,011,095       See accompanying notes to condensed financial statements.  4     CHINA MULTIMEDIA, INC.  (A DEVELOPMENT STAGE COMPANY)    CONDENSED STATEMENTS OF CASH FLOWS   FOR THE NINE MONTHS ENDED JUNE 30, 2008 AND 2007   AND FROM INCEPTION ON AUGUST 16, 2006 THROUGH JUNE 30, 2008     For the nine months ended
June 30
(Unaudited)Cumulative total since inception20082007(Unaudited)US$US$US$Cash flows from operating activities :Net loss(39,718)(12,421)(62,727)Change in liabilities :Accrued audit fee(1,549)(3,213)1,666Net cash used in operating activities(41,267)(15,634)(61,061)Cash flows from financing activities :Proceeds from issuance of common stock100,000-101,000Advance from a stockholder21,15015,48640,877Net cash provided by financing activities121,15015,486141,877Effect of rate changes on cash6039(8)Net change in cash and cash equivalents79,943(109)80,808Cash and cash equivalents,
beginning of period8651,029-Cash and cash equivalents,
end of period80,80892080,808Cash paid for :Income taxes paid---Interest paid---       See accompanying notes to condensed financial statements.  5     CHINA MULTIMEDIA, INC.  (A DEVELOPMENT STAGE COMPANY)    NOTES TO CONDENSED FINANCIAL STATEMENTS   FOR THE THREE MONTHS AND NINE MONTHS ENDED JUNE 30, 2008 AND 2007 (UNAUDITED)    1.  DESCRIPTION OF BUSINESS  China Multimedia, Inc. (the Company) was incorporated in the State of Nevada on August 16, 2006 for the purpose of exploring new business opportunities.    On December 11, 2006, the Company entered into a service agreement with DNA Financial Systems (DNAF) which is a regional solution provider for the financial and securities industry throughout the Asia Pacific Region. Pursuant to the agreement, the Company shall refer potential clients who wish to acquire the financial web portal design and hosting service provided by DNAF.  The Company has not introduced any clients to DNAF and is a development stage company during the period.   2.  BASIS OF PRESENTATION  The accompanying condensed financial statements are unaudited.  These condensed financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission.  Certain information and footnote disclosures normally included in condensed financial statements prepared in accordance with U.S. accounting principles generally accepted have been omitted pursuant to such SEC rules and regulations.  Nevertheless, the Company believes that the disclosures are adequate to make the information presented not misleading. These condensed financial statements and the notes hereto should be read in conjunction with the financial statements and notes thereto included in the Companys Annual Report on Form 10-KSB for the year ended September 30, 2007 which was filed January 2, 2008.  In the opinion of the management of the Company, the condensed financial statements for the unaudited interim periods presented include all adjustments, including normal recurring adjustments, necessary to fairly present the results of such interim periods and the financial position as of the end of said period.  The results of operations for the interim period are not necessarily indicative of the results for the full year.   3.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  Continuance of operations  These condensed financial statements are prepared on a going concern basis, which considers the realization of assets and satisfaction of liabilities in the normal course of business.  As of June 30, 2008, the Company had cash and cash equivalents of US$80,808, current liabilities of US$42,543 and stockholders equity of US$38,265 and accumulated deficit during the development stage of US$62,727 respectively.  These factors raise substantial doubt about the Companys ability to continue as a going concern.  Management plans on the continuation of the Company as a going concern include financing the Companys existing and future operations through additional issuance of common stock and/or advances from the majority stockholder and seeking for profitable business opportunities including a service agreement with DNAF.  However, the Company has no assurance with respect to these plans.  The accompanying condensed financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.      6   Cash and cash equivalents  Cash equivalents comprise highly liquid investments with original maturity of three months or less.  At June 30, 2008, cash and cash equivalents consist of bank balance of US$80,808 denominated in Hong Kong dollars (HKD).   Concentration of risk  The Company keeps cash in HKD and maintains a HKD savings account with a commercial bank in Hong Kong, which are financial instruments that are potentially subject to concentration of credit risk.  During the reporting period, the Company has not engaged in any hedging activities.   Income taxes  The Company accounts for income tax in accordance with Statement of Financial Accounting Standards No. 109, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of the events that have been included in the financial statements or tax returns. Deferred income taxes are recognized for all significant temporary differences between tax and financial statement bases of assets and liabilities. A valuation allowance is recognized on deferred tax assets when it is more likely than not that these deferred tax assets will not be realized.   Foreign currency translation  The Company keeps cash and cash equivalents and incurred expenses in HKD during the reporting period and thus HKD is considered to be the functional currency.  Transactions denominated in currencies other than HKD are translated into HKD at the applicable rates of exchange prevailing at the dates of the transactions.  Monetary assets and liabilities denominated in other currencies are translated into HKD at the rates of exchange prevailing at the balance sheet date.  Exchange gains and losses are included in the determination of net income.  For financial reporting purposes, HKD has been translated into United States dollars (US$) as the reporting currency.  Assets and liabilities are translated into US$ at the exchange rate in effect at the period end.  Income and expenses are translated at average exchange rate prevailing during the period.  Translation adjustments arising from the use of different exchange rates from period to period are included as a component of stockholders equity (deficit) as Accumulated other comprehensive loss - foreign currency translation adjustments.  Conversion of amounts from Hong Kong dollars into United States dollars has been made at the exchange rate of US$1.00 = HK$7.79968 for the three months ended June 30, 2008 and US$1.00 = HK$7.804 as at June 30, 2008.  There is a comprehensive income of US$60 due to the effect of rate changes for the nine months ended June 30, 2008.   Use of estimates  The preparation of condensed 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 amounts reported in these condensed financial statements and the accompanying notes during the reporting period.  Actual results could differ from those estimates.   Fair values of financial instruments  Financial instruments include cash and cash equivalents, accrued audit fee and amount due to a stockholder.  Management of the Company does not believe that the Company is subject to significant interest, currency or credit risks arising from these financial instruments.  The respective carrying values of financial instruments approximate their fair values.  Fair values were assumed to approximate carrying values since they are short-term in nature or they are receivable or payable on demand.      7   Recently issued accounting pronouncements  In February 2007, the FASB issued SFAS No. 159, The Fair Value Option for Financial Assets and Financial Liabilities - Including an Amendment of FASB Statement No. 115 (SFAS 159).  SFAS 159 permits entities to choose to measure many financial instruments and certain other items at fair value. Entities that elect the fair value option will report unrealized gains and losses in earnings at each subsequent reporting date. The fair value option may be elected on an instrument-by-instrument basis, with few exceptions.  SFAS 159 also establishes presentation and disclosure requirements to facilitate comparisons between companies that choose different measurement attributes for similar assets and liabilities. The requirements of SFAS 159 are effective for our fiscal year beginning January 1, 2008. The Company is in the process of evaluating this standard and therefore have not yet determined the impact that SFAS 159 will have on our financial statements upon adoption.  In March 2008, the FASB issued SFAS No. 161 Disclosure about Derivative Instruments and Hedging Activities. SFAS 161 changes the disclosure requirements for derivative instruments and hedging activities. The guidance will become effective for the fiscal year beginning after November 15, 2008. Earlier application is encouraged, provided that the reporting entity has not yet issued financial statements for that fiscal year, including any financial statements for an interim period within that fiscal year.  This statement encourages, but does not require, comparative disclosures for earlier periods at initial adoption. The Company is currently evaluating the impact of adopting SFAS 161 on its financial statements.  In May 2008, the FASB issued SFAS No. 162, The Hierarchy of Generally Accepted Accounting Principles (SFAS No. 162). SFAS No. 162 identifies, within the accounting literature established by the FASB, the sources and hierarchy of the accounting principles to be used in the preparation of financial statements of nongovernmental entities that are presented in conformity with GAAP. SFAS No. 162 is effective 60 days following the Securities and Exchange Commissions approval of the Public Company Accounting Oversight Board amendments to AU Section 411, The Meaning of Present Fairly in Conformity With Generally Accepted Accounting Principles. The Company is currently evaluating the impact of adoption SFAS 162 on its financial statements.   4.  INCOME TAXES  A reconciliation of income taxes at statutory rate is as follows:  For the three months ended June 30
(Unaudited)For the nine months ended June 30
(Unaudited)Cumulative total since inception2008200720082007(Unaudited)US$US$US$US$US$Loss before income taxes(26,452)(7,966)(39,718)(12,421)(62,727)Expected benefit at statutory
rate of 15%(3,968)(1,195)(5,958)(1,863)(9,409)Valuation allowance3,9681,1955,9581,8639,409-----  Recognized deferred income tax asset is as follows: As ofAs ofJune 30,September 30,20082007(Unaudited)(Audited)US$US$Operating losses available for future periods9,4093,451Valuation allowance(9,409)(3,451)--   8   At June 30, 2008, the Company has incurred operating losses of US$62,727 which, if unutilized, will expire through to 2028.  Future tax benefits arising as a result of these losses have been offset by a valuation allowance.   5.  NET LOSS PER SHARE  During the reporting period, the Company did not issue any dilutive instruments.  Accordingly, the reported basic and diluted loss per share is the same.   6.  COMMON STOCK  The Company was incorporated on August 16, 2006 with authorized capital of 50,000,000 shares of common stock of US$0.001 par value.  On August 16, 2006, 1,000,000 shares of common stock of US$0.001 par value totaling US$1,000 was issued for cash. On May 23, 2008, 200,000 shares of common stock of US$0.001 par value totaling US$100,000 were issued to 40 investors for cash.   7.  STOCK INCENTIVE PLAN   The Company has not established any stock incentive plan since its incorporation.    8.  COMMITMENTS AND CONTINGENCIES   The Company had no commitments or contingent liabilities as of June 30, 2008.   9.  RELATED PARTY TRANSACTIONS  The majority stockholder, who is also the director, advanced US$19,727 and US$21,150 to the Company financing its working capital for the period from inception on August 16, 2006 through September 30, 2007 and for the nine months ended June 30, 2008, respectively.  The advance is interest-free, unsecured and repayable on demand.  The Company maintained a mailing address and its employees were stationed at the office of the director for rent free during the period from inception on August 16, 2006 to March 31, 2008. From April 1, 2008, the Company started paying a monthly rental fee of $2,564 (equivalent to HKD 20,000). The rental expenses were both $7,692 for the three and nine months ended June 30, 2008  The Company appointed an employee of a related company, which is controlled by the Companys director, as the Secretary of the Company for free effective from February 25, 2008.                      9    Item 2. Managements Discussion and Analysis or Plan of Operation  Forward Looking Statements CERTAIN STATEMENTS IN THIS REPORT INCLUDE FORWARD-LOOKING STATEMENTS THAT INCLUDE RISKS AND UNCERTAINTIES. WE USE WORDS SUCH AS "ANTICIPATES," "BELIEVES," "PLANS," "EXPECTS," "FUTURE," "INTENDS" AND SIMILAR EXPRESSIONS TO IDENTIFY SUCH FORWARD-LOOKING STATEMENTS. THIS FORM ALSO CONTAINS FORWARD-LOOKING STATEMENTS ATTRIBUTED TO CERTAIN THIRD PARTIES RELATING TO THEIR ESTIMATES REGARDING THE OPERATION AND GROWTH OF OUR BUSINESS AND SPENDING. YOU SHOULD NOT PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH APPLY ONLY AS OF THE DATE HEREOF. WE HAVE BASED THESE FORWARD-LOOKING STATEMENTS ON OUR CURRENT EXPECTATIONS AND PROJECTIONS ABOUT FUTURE EVENTS. OUR ACTUAL RESULTS COULD DIFFER MATERIALLY FROM THOSE DISCUSSED IN THIS REGISTRATION AS WE ARE A DEVELOPMENT STAGE COMPANY WITH NO OPERATIONS TO DATE. OUR ABILITY TO GENERATE REVENUE IS SUBJECT TO SUBSTANTIAL RISKS. Overview China Multimedia, Inc., a Nevada corporation was incorporated in the State of Nevada on August 16, 2006 (the Company, CMI, or We). We are a development stage company established to: 1) provide web design solutions to companies; and 2) introduce potential business opportunities to business partners. To date, the Companys only activities have consisted of developing its business plan, raising initial capital, and signing an agreement with a business partner.  CMIs Web Design Services  CMI plans to provide cost-effective web design solutions for small and medium-sized business enterprises (SMEs) throughout Hong Kong.  CMIs goal is to assist potential clients with establishing or maintaining websites which allow the clients to promote their Internet presence.  Websites provide a vehicle for businesses to post information about their company onto the Internet, thereby reaching the global market. In the current market, many companies are attempting to establish an online presence without spending or committing a substantial amount of capital or time. Establishing an Internet presence is particularly challenging for SMEs.   Accordingly, CMI intends to identify SMEs that may be in need of web services and provide them with a cost effective means of meeting their website design and operational needs.  CMI will focus on locating potential clients (the T-Clients) who either do not maintain any form of company website or maintain websites with outdated designs.  To meet the needs of T-Clients, CMI maintains a list of professional freelance web designers (the Freelance Designers) who provide CMI with a full range of website templates (the Templates) specifically designed for different business sectors. Once we have located a potential T-Client, we will attempt to provide them with an affordable website Template that is suitable to their business needs. Additionally, if the T-Clients request websites with more advanced functions than the Templates currently provide, we will introduce the T-Clients to suitable Freelance Designers to meet the T-Clients specific web design needs.  All of the Freelance Designers we work with possess the relevant knowledge and necessary skill to provide such customized services.  CMI is able to provide cost-effective web design solutions to SMEs by maintaining a full range of Templates which are specific to different business sectors. CMIs prices are not cost prohibitive to SMEs because we are able to operate with a minimum amount of overhead by not employing  10   any full time software developers or web designers. CMI acts only as a bridge between Freelance Designers and T-Clients. The Freelance Designers that we work with have authorized us to use their professional designs while we attempt to locate potential T-Clients.  CMI currently has an arrangement with its Freelance Designers whereby CMI splits the fee charged to the T-Clients.  Under the fee arrangement, CMI collects 60% of the fee charged to the T-Clients and distributes the remaining 40% to the Freelance Designers.  CMI determines the amount of the fee charged to the T-Clients. CMI and the Freelance Designers agreed orally on the fee arrangement, and we have not signed any written contracts with them.  CMIs Business Opportunities Program  In addition to our web design service, we will also attempt to create new business opportunities for specific companies. On December 11, 2006, CMI entered into an Agreement (the Agreement) with DNA Financial Systems (DNAF), a Hong Kong corporation founded in 2005.  DNAF is a regional solution provider for the financial and securities industry throughout the Asia Pacific Region. It provides integrated solutions by offering online trading systems, Forex dealing room management systems, and corporate treasury risk management systems to banks and financial institutions. It also offers a service named Financial Web Portal Design and Hosting (FWPDH). FWPDH is a customized service targeted at stock exchange listed companies. Listed companies can add value to their websites by providing instant stock information to their stockholders. The FWPDH service allows stockholders to receive instant stock price information and delayed chart information on the company website. Professional web designers of DNAF are responsible for designing a tailor-made web portal to suit clients needs. Pursuant to the terms of the Agreement, CMI will attempt to establish new business opportunities for DNAF by identifying, locating, and introducing potential clients (the D-Clients) in need of the FWPDH service, to DNAF. In our search for D-Clients, we will focus on the following areas: Hong Kong, Macau, Singapore, Australia, Taiwan and China (collectively referred to as the Territory). CMI plans to initially focus on the market in Hong Kong as a starting point for its business opportunities program due to the fact that management has a significant number of business connections in this area. Pursuant to the terms of the Agreement, as compensation for CMIs efforts, CMI is entitled to 40% of the initial commission that DNAF receives from any D-Client or other business opportunity that CMI establishes for DNAF.  DNAF determines the amount of the fees charged to the D-clients. The Company has not yet earned revenue from any business operations.  There is no assurance that we will achieve or sustain profitability on an annual or quarterly basis. Because the Company has been a development stage company since inception and has not generated revenues, the Company operates with minimal overhead. Plan of Operations in the next 12 months The Company recorded a net loss of $26,452 for the three month period ended June 30, 2008, compared to a net loss of $62,727 from inception on August 16, 2006 (Date of inception) through June 30, 2008. As the Company has not yet earned revenue from any business operations, we raised additional capital through the sale of 200,000 shares of common stock in May 2008 pursuant to a Registration Statement (the Registration Statement) filed by the Company and declared effective by the Securities and Exchange Commission on January 31, 2008.  Through the sale of 200,000 shares of common stock at a price of US$0.50 per share, the Company raised an aggregate of US$100,000 for the daily operating expenses and business expansion.  11   Liquidity and Capital Resources As of June 30, 2008, the Company remains in the development stage. For the period ended June 30, 2008, the Company's balance sheet reflects current and total assets of $80,808 in the form of cash and cash equivalents, net current liability of $42,543 and stockholders equity of $38,265 and accumulated deficit during the development stage of $62,727. The Company does not have sufficient assets or capital resources to pay its on-going expenses while it is seeking out business opportunities. It filed a registration statement with the Securities and Exchange Commission for the sale of common shares. The registration statement was declared effective by the Securities and Exchange Commission on January 31, 2008. As of June 30, 2008, the offer was fully subscribed, and the Company received an aggregate amount of $100,000 from the offering expenses. The Company has no agreement in place with its shareholders or other persons to pay expenses on its behalf, but the Company has been relying on loans from the majority shareholder, Mr. Wilson Cheung, to pay any daily operating expenses until additional funds were located. Mr. Cheung has no contractual obligation to provide these funds. This arrangement will not change until the Company is able to consummate a business transaction.  Off Balance Sheet Arrangements  The Company does not have any off-balance sheet arrangements.    Item 3. Controls and Procedures  Disclosure Controls and Procedures  We maintain disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the Exchange Act), that are designed to ensure that information required to be disclosed by us in reports we file or submit under the Exchange Act 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 our principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure. In designing and evaluating our disclosure controls and procedures, management recognized that disclosure controls and procedures, no matter how well conceived and operated, can provide only reasonable assurance of achieving the desired control objectives, and we necessarily are required to apply our judgment in evaluating the cost-benefit relationship of possible disclosure controls and procedures.  Our management, including our principal executive officer and principal financial officer, evaluated the effectiveness of the design and operation of our disclosure controls and procedures as of June 30, 2008, and concluded that the disclosure controls and procedures were not effective, because certain deficiencies involved internal controls constituted a material weakness as discussed below. The material weakness identified did not result in the restatement of any previously reported financial statements or any other related financial disclosures, nor does management believe that it had any effect on the accuracy of the Companys financial statements for the current reporting period.  Managements Quarterly Report on Internal Control over Financial Reporting  Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act. Our internal control system was designed to provide reasonable assurance regarding the  12   reliability of financial reporting and the preparation of financial statements for external purposes, in accordance with accounting principles generally accepted. Because of inherent limitations, a system of internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate due to change in conditions, or that the degree of compliance with the policies or procedures may deteriorate.  Our management, including our principal executive officer and principal accounting officer, conducted an evaluation of the effectiveness of our internal control over financial reporting. Based on its evaluation, our management concluded that there is a material weakness in our internal control over financial reporting. A material weakness is a deficiency, or a combination of control deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of the Companys annual or interim financial statements will not be prevented or detected on a timely basis. The material weakness relates to the monitoring and review of work performed by our Chief Financial Officer in the preparation of financial statements, footnotes and financial data provided to the Companys registered public accounting firm in connection with the quarter review. All of the financial reporting is carried out by our Chief Financial Officer, and we do not have an audit committee. This lack of accounting staff results in a lack of segregation of duties and accounting technical expertise necessary for an effective system of internal control.  In order to mitigate this material weakness to the fullest extent possible, at any time, if it appears that any control can be implemented to continue to mitigate such weaknesses, it is immediately implemented.As soon as our finances allow, we will hire sufficient accounting staff and implement appropriate procedures for monitoring and review of work performed by our Chief Financial Officer.  This quarterly report does not include an attestation report of the Companys registered public accounting firm regarding internal control over financial reporting. Managements report was not subject to attestationby the Companys registered public accounting firm pursuant to temporary rules of the SEC that permit the Company to provide only managements report in this quarterly report.  Changes in Internal Control over Financial Reporting  There was no change in the Company's internal control over financial reporting during the quarter ended June 30, 2008, that has materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting.   PART II   Item 1. Legal Proceedings  The Company knows of no material, active or pending legal proceedings against them; nor is the Company involved as a plaintiff in any material proceeding or pending litigation.   Item 2. Changes in Securities and Use of Proceeds   None Item 3. Defaults Upon Senior Securities  None     13   Item 4. Submission of Matters to a Vote of Security Holders  None    Item 5. Other Information  None.   Item 6. Exhibits and Reports on Form 8-K   The following exhibits are filed herewith:  3.1 Articles of Incorporation (herein incorporated by reference from Registration Statement on Form 10-SB filed with the Securities and Exchange Commission on January 4, 2007).  3.2 Bylaws (herein incorporated by reference from Registration Statement on Form 10-SB filed with the Securities and Exchange Commission on January 4, 2007).  10.1 Contract with DNA Financial Systems signed on December 11, 2006 (herein incorporated by reference from Registration Statement on Form 10-SB filed with the Securities and Exchange Commission on January 4, 2007).  31.1 Certifications pursuant to Rule 13a-15(a) or 15d-15(a) under the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.  31.2 Certifications pursuant to Rule 13a-15(a) or 15d-15(a) under the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.  32.1 Certifications pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.  32.2 Certifications pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.    SIGNATURES  In accordance with Section 12 of the Securities Exchange Act of 1934, the registrant caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized.  CHINA MULTIMEDIA, INC.  By: /s/ Wilson Cheung Wilson Cheung, President and Director  Date: August 14, 2008  By: /s/ Wilson Cheung Wilson Cheung, Chief Financial Officer  Date: August 14, 2008  14