----

----

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

| o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|------------------------------------------------------------------------------------------|

|                                           |   | CHINA SPORTS HOLDING COMPANY LIMITED                   |   |                                 |
|------------------------------------------------|--------|--------------------------------------------------------|--------|--------------------------------------|
|                                           |   | (Exact name of registrant as specified in its charter) |   |                                 |
|                                           |   |                                                   |   |                                 |
| Delaware                                       |   | 000-52623                                              |   | 37-1532843                           |
| (State or other jurisdiction of incorporation) |   | (Commission File Number)                               |   | (I.R.S. Employer Identification No.) |

----

| Item 1.  | Financial Statements                                                                       |
|----------|--------------------------------------------------------------------------------------------|
| Item 2.  | Management’s Discussion and Analysis of Financial Condition and Result of Operations |
| Item 3.  | Quantitative and Qualitative Disclosures About Market Risk                                 |
| Item 4T. | Controls and Procedures                                                                    |

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

----

----

|                                                                                                                                                                    |   | March 31    |       |   | December 31, |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------|------------|--------|--------------|--------|
|                                                                                                                                                                    |   | 2010        |       |   | 2009         |   |
| ASSETS                                                                                                                                                                  |   | (Unaudited) |       |   | (Audited)    |   |
| CURRENT ASSETS                                                                                                                                                          |   |        |       |   |         |   |
| Cash and cash equivalents                                                                                                                                               |   | $           | 15,546,710 |   |         | $      | 17,387,929 |   |
| Accounts receivable, net of $nil allowance                                                                                                                              |   |        | 13,747,742 |   |         |   | 22,125,979 |   |
| Prepaid land use rights – current portion                                                                                                                         |   |        | 17,478     |   |         |   | 17,473 |   |
| Inventories                                                                                                                                                             |   |        | 1,191,974  |   |         |   | 1,687,090 |   |
| Loan due from a related party                                                                                                                                           |   |        | 3,222,829  |   |         |   | 3,148,707 |   |
| Total current assets                                                                                                                                                    |   |        | 33,726,733 |   |         |   | 44,367,178 |   |
|                                                                                                                                                                    |   |        |       |   |         |   |   |   |
| OTHER ASSETS                                                                                                                                                            |   |        |       |   |         |   |   |   |
| Property, plant and equipment, net                                                                                                                                      |   |        | 9,619,981  |   |         |   | 9,837,833 |   |
| Deposit for land use right                                                                                                                                              |   |        | 7,324,612  |   |         |   | − |   |
| Prepaid land use rights – long-term portion                                                                                                                       |   |        | 788,612    |   |         |   | 792,761 |   |
| Total non-current assets                                                                                                                                                |   |        | 17,733,205 |   |         |   | 10,630,594 |   |
|                                                                                                                                                                    |   |        |       |   |         |   |   |   |
| Total assets                                                                                                                                                            |   | $           | 51,459,938 |   |         | $      | 54,997,772 |   |
|                                                                                                                                                                    |   |        |       |   |         |   |   |   |
| LIABILITIES AND EQUITY                                                                                                                                                  |   |        |       |   |         |   |   |   |
| CURRENT LIABILITIES                                                                                                                                                     |   |        |       |   |         |   |   |   |
| Short-term bank loans                                                                                                                                                   |   | $           | 1,230,535  |   |         | $      | 1,354,676 |   |
| Accounts and notes payables                                                                                                                                             |   |        | 9,274,870  |   |         |   | 14,329,705 |   |
| Other payables and accruals                                                                                                                                             |   |        | 1,162,372  |   |         |   | 1,243,656 |   |
| Income taxes payable                                                                                                                                                    |   |        | 812,121    |   |         |   | 1,360,954 |   |
| Total current liabilities                                                                                                                                               |   |        | 12,479,898 |   |         |   | 18,288,991 |   |
|                                                                                                                                                                    |   |        |       |   |         |   |   |   |
| Total liabilities                                                                                                                                                       |   |        | 12,479,898 |   |         |   | 18,288,991 |   |
|                                                                                                                                                                    |   |        |       |   |         |   |   |   |
| SHAREHOLDERS' EQUITYPreferred stock, $0.001 par: 10,000,000 shares authorized, none shares issued and outstanding                                                       |   |        | -          |   |         |   | - |   |
| Common stock, $0.001 par: 40,000,000 shares authorized, 10,000,000 and 9,000,000 shares issued and outstanding as of March 31, 2010 and December 31, 2009, respectively |   |        | 10,000     |   |         |   | 9,000 |   |
| Additional paid-in capital                                                                                                                                              |   |        | 2,402,198  |   |         |   | 2,399,003 |   |
| Statutory reserves                                                                                                                                                      |   |        | 2,009,528  |   |         |   | 2,009,528 |   |
| Retained earnings                                                                                                                                                       |   |        | 30,530,752 |   |         |   | 28,409,504 |   |
| Accumulated other comprehensive income                                                                                                                                  |   |        | 1,689,011  |   |         |   | 1,679,219 |   |
| Total China Sports shareholders' equity                                                                                                                                 |   |        | 36,641,489 |   |         |   | 34,506,254 |   |
|                                                                                                                                                                    |   |        |       |   |         |   |   |   |
| Noncontrolling interests                                                                                                                                                |   |        | 2,338,551  |   |         |   | 2,202,527 |   |
|                                                                                                                                                                    |   |        |       |   |         |   |   |   |
| Total equity                                                                                                                                                            |   |        | 38,980,040 |   |         |   | 36,708,781 |   |
|                                                                                                                                                                    |   |        |       |   |         |   |   |   |
| Total liabilities and shareholders' equity                                                                                                                              |   | $           | 51,459,938 |   |         | $      | 54,997,772 |   |

----

|                                                                                   |   | For the Three Months EndedMarch 31, |        |
|----------------------------------------------------------------------------------------|--------|-------------------------------------|-------------|
|                                                                                   |   | 2010                                |        |   | 2009 |   |
|                                                                                   |   |                                |        |   |   |   |
| NET REVENUE                                                                            |   | $                                   | 14,799,048  |   |   | $ | 17,691,411 |   |
| Cost of sales                                                                          |   |                                | (10,582,313 | ) |   |   | (12,864,581 | ) |
|                                                                                   |   |                                |        |   |   |   |   |   |
| GROSS PROFIT                                                                           |   |                                | 4,216,735   |   |   |   | 4,826,830 |   |
|                                                                                   |   |                                |        |   |   |   |   |   |
| Operating expenses:                                                                    |   |                                |        |   |   |   |   |   |
| Selling expenses                                                                       |   |                                | (732,127    | ) |   |   | (569,589 | ) |
| General and administrative expenses                                                    |   |                                | (542,536    | ) |   |   | (498,813 | ) |
| Total operating expenses                                                               |   |                                | (1,274,663  | ) |   |   | (1,068,402 | ) |
|                                                                                   |   |                                |        |   |   |   |   |   |
| Income from operations                                                                 |   |                                | 2,942,072   |   |   |   | 3,758,428 |   |
|                                                                                   |   |                                |        |   |   |   |   |   |
| Other income (expenses):                                                               |   |                                |        |   |   |   |   |   |
| Interest income                                                                        |   |                                | 84,778      |   |   |   | 8,084 |   |
| Interest expenses                                                                      |   |                                | (17,987     | ) |   |   | (11 | ) |
| Total other income (expenses)                                                          |   |                                | 66,791      |   |   |   | 8,073 |   |
|                                                                                   |   |                                |        |   |   |   |   |   |
| Income before income taxes                                                             |   |                                | 3,008,863   |   |   |   | 3,766,501 |   |
| Provision for income taxes                                                             |   |                                | (752,216    | ) |   |   | (945,532 | ) |
|                                                                                   |   |                                |        |   |   |   |   |   |
| Net income                                                                             |   |                                | 2,256,647   |   |   |   | 2,820,969 |   |
|                                                                                   |   |                                |        |   |   |   |   |   |
| Income attributable to noncontrolling interests                                        |   |                                | (135,399    | ) |   |   | (169,258 | ) |
|                                                                                   |   |                                |        |   |   |   |   |   |
| Net income attributable to China Sports shareholders                                   |   | $                                   | 2,121,248   |   |   | $ | 2,651,711 |   |
|                                                                                   |   |                                |        |   |   |   |   |   |
| Other comprehensive income (loss) attributable to China Sports  shareholders |   |                                |        |   |   |   |   |   |
| Foreign currency translation adjustments                                               |   |                                | 9,792       |   |   |   | (4,092 | ) |
|                                                                                   |   |                                |        |   |   |   |   |   |
| Comprehensive income attributable to China Sports shareholders                         |   |                                | 2,131,040   |   |   |   | 2,647,619 |   |
|                                                                                   |   |                                |        |   |   |   |   |   |
| Comprehensive income attributable to noncontrolling interests                          |   |                                | 136,024     |   |   |   | 168,996 |   |
|                                                                                   |   |                                |        |   |   |   |   |   |
| Total Comprehensive income                                                             |   | $                                   | 2,267,064   |   |   | $ | 2,816,615 |   |
|                                                                                   |   |                                |        |   |   |   |   |   |
| Earnings per share attributable to China Sports shareholders                           |   |                                |        |   |   |   |   |   |
| Basic                                                                                  |   | $                                   | 0.22        |   |   | $ | 0.29 |   |
| Diluted                                                                                |   | $                                   | 0.22        |   |   | $ | 0.29 |   |
|                                                                                   |   |                                |        |   |   |   |   |   |
| Weighted average number of shares outstanding                                          |   |                                |        |   |   |   |   |   |
| Basic                                                                                  |   |                                | 9,533,333   |   |   |   | 9,000,000 |   |
| Diluted                                                                                |   |                                | 9,533,333   |   |   |   | 9,000,000 |   |

----

|                                    |   | Attributable to China Sports shareholders |       |   |    |   |       |      |   |
|-----------------------------------------|--------|-------------------------------------------|------------|--------|---------|--------|------------|-----------|--------|
|                                    |   |                                      |       |   |    |   |       |      |   |   |   |   |   |   |   | Accumulated |   |   |   |   |   |   |   |
|                                    |   |                                      |       |   |    |   | Additional |      |   |   |   |   |   |   |   | Other |   |   | Non- |   |   |   |   |
|                                    |   | Common Stock                              |       |   | Paid-in |   |       | Statutory |   |   | Retained |   |   | Comprehensive |   |   | controlling |   |   |   |   |
|                                    |   | Numberof  shares                |       |   | Amount  |   |       | Capital   |   |   | Reserves |   |   | Earnings |   |   | Income |   |   | interests |   |   | Total |   |
|                                    |   |                                      |       |   |    |   |       |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| At January 1, 2010 (Audited)            |   |                                      | 9,000,000  |   |    | $      | 9,000      |      |   | $ | 2,399,003 |   |   | $ | 2,009,528 |   |   | $ | 28,409,504 |   |   | $ | 1,679,219 |   |   | $ | 2,202,527 |   |   | $ | 36,708,781 |   |
|                                    |   |                                      |       |   |    |   |       |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Effect of reverse acquisition (Note 1)  |   |                                      | 1,000,000  |   |    |   | 1,000      |      |   |   | 3,195 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 4,195 |   |
|                                    |   |                                      |       |   |    |   |       |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income                              |   |                                      | -          |   |    |   | -          |      |   |   | - |   |   |   | - |   |   |   | 2,121,248 |   |   |   | - |   |   |   | 135,399 |   |   |   | 2,256,647 |   |
|                                    |   |                                      |       |   |    |   |       |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Foreign currency translation adjustment |   |                                      | -          |   |    |   | -          |      |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 9,792 |   |   |   | 625 |   |   |   | 10,417 |   |
|                                    |   |                                      |       |   |    |   |       |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| At March 31, 2010 (Unaudited)           |   |                                      | 10,000,000 |   |    | $      | 10,000     |      |   | $ | 2,402,198 |   |   | $ | 2,009,528 |   |   | $ | 30,530,752 |   |   | $ | 1,689,011 |   |   | $ | 2,338,551 |   |   | $ | 38,980,040 |   |

----

|                                                        |   | For the Three Months EndedMarch 31, |       |
|-------------------------------------------------------------|--------|-------------------------------------|------------|
|                                                        |   | 2010                                |       |   | 2009 |   |
|                                                        |   |                                |       |   |   |   |
| CASH FLOWS FROM OPERATING ACTIVITIES                        |   |                                |       |   |   |   |
| Net income                                                  |   | $                                   | 2,256,647  |   |   | $ | 2,820,969 |   |
| Adjustments for:                                            |   |                                |       |   |   |   |   |   |
| Interest income receivable on loan due from a related party |   |                                | (73,240    | ) |   |   | - |   |
| Depreciation and amortization                               |   |                                | 224,937    |   |   |   | 224,210 |   |
| (Increase) decrease in assets:                              |   |                                |       |   |   |   |   |   |
| Accounts receivable                                         |   |                                | 8,383,659  |   |   |   | (694,102 | ) |
| Other receivables                                           |   |                                | -          |   |   |   | 43,887 |   |
| Inventories                                                 |   |                                | 495,542    |   |   |   | 708,512 |   |
| Increase (decrease) in liabilities:                         |   |                                |       |   |   |   |   |   |
| Accounts and notes payables                                 |   |                                | (5,058,378 | ) |   |   | (1,061,589 | ) |
| Other payables and accruals                                 |   |                                | (81,623    | ) |   |   | 272,818 |   |
| Income taxes payable                                        |   |                                | (549,163   | ) |   |   | 25,322 |   |
| Net cash provided by operating activities                   |   |                                | 5,598,381  |   |   |   | 2,340,027 |   |
|                                                        |   |                                |       |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES                        |   |                                |       |   |   |   |   |   |
| Loan to a related party                                     |   |                                | -          |   |   |   | (2,925,816 | ) |
| Purchase of property, plant and equipment                   |   |                                | -          |   |   |   | (203,154 | ) |
| Payment of deposit for land use right                       |   |                                | (7,324,612 | ) |   |   | - |   |
| Net cash used in investing activities                       |   |                                | (7,324,612 | ) |   |   | (3,128,970 | ) |
|                                                        |   |                                |       |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                        |   |                                |       |   |   |   |   |   |
| Repayments of short-term bank loans                         |   |                                | (124,507   | ) |   |   | (43,887 | ) |
| Net cash used in financing activities                       |   |                                | (124,507   | ) |   |   | (43,887 | ) |
|                                                        |   |                                |       |   |   |   |   |   |
| Effect of exchange rate changes on cash                     |   |                                | 9,519      |   |   |   | (1,383 | ) |
|                                                        |   |                                |       |   |   |   |   |   |
| Net decrease in cash and cash equivalents                   |   |                                | (1,841,219 | ) |   |   | (834,213 | ) |
|                                                        |   |                                |       |   |   |   |   |   |
| Cash and cash equivalents, beginning of period              |   |                                | 17,387,929 |   |   |   | 7,400,057 |   |
|                                                        |   |                                |       |   |   |   |   |   |
| Cash and cash equivalents, end of period                    |   | $                                   | 15,546,710 |   |   | $ | 6,565,844 |   |
|                                                        |   |                                |       |   |   |   |   |   |
| SUPPLEMENTAL DISCLOSURE INFORMATION                         |   |                                |       |   |   |   |   |   |
| Cash paid for interest                                      |   | $                                   | 17,986     |   |   | $ | 129,624 |   |
| Cash paid for income taxes                                  |   | $                                   | 4,314,187  |   |   | $ | 2,992,639 |   |
|                                                        |   |                                |       |   |   |   |   |   |
| NONCASH INVESTING AND FINANCING ACTIVITIES                  |   |                                |       |   |   |   |   |   |
| Interest receivable on loan due from a related party        |   | $                                   | 195,306    |   |   |   | - |   |
|                                                        |   |                                |       |   |   |   |   |   |

----

|  Subsidiaries’ names                                                  |   | Domicile and date of incorporation                                |   | Ownership by the Company  |   |  Principal activities                                                          |
|----------------------------------------------------------------------------------|--------|-------------------------------------------------------------------|--------|---------------------------|--------|-------------------------------------------------------------------------------------|
|                                                                             |   |                                                              |   |                      |   |                                                                                |
| Kobe Sport (International) Company Limited (“Kobe Sport”)            |   | British Virgin IslandsSeptember 25, 2009                          |   | 100%                      |   | Intermediate holding company                                                   |
|                                                                             |   |                                                              |   |                      |   |                                                                                |
| Nam Kwong Trading Company Limited (“Nam Kwong”)                      |   | Hong KongOctober 8, 2009                                          |   | 100% (through Kobe Sport) |   | Intermediate holding company                                                        |
|                                                                             |   |                                                              |   |                      |   |                                                                                |
| Fujian Jinjiang Hengfeng Shoes & Garments Co., Ltd. (“Hengfeng”) |   | People’s Republic of China (“PRC”)March 2, 1992 |   | 94% (through Nam Kwong)   |   | Design, manufacturing and sales of sports shoes, sportswear and related accessories |

----

----

|                                             | March 31, 2010     |   | December 31, 2009 |   |
|--------------------------------------------------|------------------------------|--------|-----------------------------|--------|
| Balance sheet items, except for equity accounts  | US$1=RMB 6.8263              |   | US$1=RMB6.8282              |   |
|                                             |                         |   |                        |   |
|                                             | Three months ended March 31, |
|                                             | 2010                         |   | 2009                        |   |
| Items in the statements of income and cash flows | US$1=RMB 6.8269              |   | US$1=RMB6.8357              |   |

----

| Level 1 - | Quoted prices in active markets for identical assets or liabilities. |
|-----------|----------------------------------------------------------------------|

| Level 2 - | Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Level 3 - | Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                  |   | March 31,   |       |   | December 31, |   |
|---------------------------------------|--------|-------------|------------|--------|--------------|--------|
|                                  |   | 2010        |       |   | 2009         |   |
|                                  |   | (Unaudited) |       |   | (Audited)    |   |
|                                  |   |        |       |   |         |   |
| Accounts receivable                   |   | $           | 13,747,742 |   |         | $      | 22,125,979 |   |
| Less: Allowance for doubtful accounts |   |        | -          |   |         |   | - |   |
|                                  |   |        |       |   |         |   |   |   |
| Accounts receivable, net              |   | $           | 13,747,742 |   |         | $      | 22,125,979 |   |

|             |   | March 31,   |      |   | December 31, |   |
|------------------|--------|-------------|-----------|--------|--------------|--------|
|             |   | 2010        |      |   | 2009         |   |
|             |   | (Unaudited) |      |   | (Audited)    |   |
|             |   |        |      |   |         |   |
| Raw materials    |   | $           | 455,341   |   |         | $      | 558,990 |   |
| Work in progress |   |        | 337,527   |   |         |   | 317,072 |   |
| Finished goods   |   |        | 399,106   |   |         |   | 811,028 |   |
|             |   |        |      |   |         |   |   |   |
|             |   | $           | 1,191,974 |   |         | $      | 1,687,090 |   |

----

|                           |   | March 31,   |       |   | December 31, |   |
|--------------------------------|--------|-------------|------------|--------|--------------|--------|
|                           |   | 2010        |       |   | 2009         |   |
|                           |   | (Unaudited) |       |   | (Audited)    |   |
| Cost:                          |   |        |       |   |         |   |
| Buildings                      |   | $           | 2,994,155  |   |         | $      | 2,993,322 |   |
| Machinery                      |   |        | 8,828,278  |   |         |   | 8,825,821 |   |
| Office equipment               |   |        | 368,827    |   |         |   | 368,724 |   |
|                           |   |        |       |   |         |   |   |   |
| Total cost                     |   |        | 12,191,260 |   |         |   | 12,187,867 |   |
| Less: Accumulated depreciation |   |        | (2,571,279 | )      |         |   | (2,350,034 | ) |
|                           |   |        |       |   |         |   |   |   |
| Net book value                 |   | $           | 9,619,981  |   |         | $      | 9,837,833 |   |

|                                             |   | March 31    |      |   | December 31 |   |
|--------------------------------------------------|--------|-------------|-----------|--------|-------------|--------|
|                                             |   | 2010        |      |   | 2009        |   |
|                                             |   | (Unaudited) |      |   | (Audited)   |   |
|                                             |   |        |      |   |        |   |
| Accrued staff costs and other operating expenses |   | $           | 291,432   |   |        | $      | 280,126 |   |
| Value added tax and other taxes payable          |   |        | 870,940   |   |        |   | 963,530 |   |
|                                             |   |        |      |   |        |   |   |   |
|                                             |   | $           | 1,162,372 |   |        | $      | 1,243,656 |   |

----

|                                               |        | Annualized interest rate |   |   |              |   |   |   |                                                                                                                                      |   |
|----------------------------------------------------|-------------|--------------------------|--------|--------|-------------------|--------|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                               |        | March 31, 2010           |   |   | December 31, 2009 |   |   |   | March 31,2010                                                                                                                             |   |   | December 31,2009 |   |
| Maturity date                                      | Collaterals |
|                                               |        | (Unaudited)              |   |   | (Audited)         |   |   |   | (Unaudited)                                                                                                                               |   |   | (Audited) |   |
|                                               |        |                     |   |   |              |   |   |   |                                                                                                                                      |   |   |   |   |
| February 23, 2011                                  |        |                     | 5.31   | %      |              |   | 5.31   | %      | The Company’s land use right and buildings and guaranteed by a minority shareholder of Hengfeng and the general manager of Hengfeng |   | $ | 175,791 |   |   | $ | - |   |
| March 4, 2011                                      |        |                     | 5.31   | %      |              |   | 5.31   | %      | Guaranteed by a third party entity, the general manager of Hengfeng and a third party individual                                          |   |   | 175,791 |   |   |   | - |   |
| February 25, 2010                                  |        |                     | 5.31   | %      |              |   | 5.31   | %      | Guaranteed by a minority shareholder and the general manager of Hengfeng                                                                  |   |   | - |   |   |   | 109,838 |   |
| March 5, 2010                                      |        |                     | 5.31   | %      |              |   | 5.31   | %      | Guaranteed by a third party entity, the general manager of Hengfeng and a third party individual                                          |   |   | - |   |   |   | 366,129 |   |
| April 2, 2009, extended to April 2, 2010           |        |                     | 5.31   | %      |              |   | 5.31   | %      | The Company’s land use right and buildings and guaranteed by the general manager of Hengfeng                                        |   |   | 183,115 |   |   |   | 183,064 |   |
| April 10, 2009, extended to April 6, 2010          |        |                     | 5.31   | %      |              |   | 5.31   | %      | The Company’s land use right and buildings and guaranteed by the general manager of Hengfeng                                        |   |   | 183,115 |   |   |   | 183,064 |   |
| April 22, 2009, extended to April 22, 2010         |        |                     | 5.31   | %      |              |   | 5.31   | %      | The Company’s land use right and buildings and guaranteed by the general manager of Hengfeng                                        |   |   | 190,440 |   |   |   | 190,387 |   |
| August 30, 2009 extended to August 26, 2010        |        |                     | 5.31   | %      |              |   | 5.31   | %      | The Company’s land use right and buildings and guaranteed by the general manager of Hengfeng                                        |   |   | 102,545 |   |   |   | 102,516 |   |
| September 26, 2009, extended to September 25, 2010 |        |                     | 5.31   | %      |              |   | 5.31   | %      | Guaranteed by a third party entity, the general manager of Hengfeng and a third party individual                                          |   |   | 109,869 |   |   |   | 109,839 |   |
| September 26, 2009, extended to September 25, 2010 |        |                     | 5.31   | %      |              |   | 5.31   | %      | Guaranteed by a third party entity,  the general manager of Hengfeng and a third party individual                               |   |   | 109,869 |   |   |   | 109,839 |   |
|                                               |        |                     |   |   |              |   |   |   |                                                                                                                                      |   |   |   |   |   |   |   |   |
|                                               |        |                     |   |   |              |   |   |   |                                                                                                                                      |   | $ | 1,230,535 |   |   | $ | 1,354,676 |   |

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|                    |   | Three Months Ended |
|-------------------------|--------|--------------------|
|                    |   | March 31,          |
|                    |   | 2010               |   | 2009 |
|                    |   | (Unaudited)        |   | (Unaudited) |
|                    |   |               |   |   |
| Current – PRC EIT | $      | 752,216            | $ | 945,532 |
| Deferred                |   | -                  |   | - |
|                    |   |               |   |   |
|                    | $      | 752,216            | $ | 945,532 |

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|                                                 |   | March 31,   |      | December 31, |      |
|------------------------------------------------------|--------|-------------|-----------|--------------|-----------|
|                                                 |   | 2010        |      | 2009         |      |
|                                                 |   | (Unaudited) |      |         | (Audited) |   |
| Loan due from a related party:                       |   |        |      |         |      |   |
| Mr. Qionglin Lin, the general manager of the Company |   | $           | 3,222,829 |         |      | $ | 3,148,707 |   |

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|                                                  |   | (Unaudited) |   |
|-------------------------------------------------------|--------|-------------|--------|
| Payable within:                                       |   |        |   |
| - reminder of fiscal year ending December 31, 2010    |   | $           | 46,957 |   |
| - fiscal year ending December 31, 2011                |   |        | 31,305 |   |
| - fiscal year ending December 31, 2012 and thereafter |   |        | -      |   |
| Total                                                 |   | $           | 78,262 |   |

|                                 |   | For the Three Months Ended |       |
|--------------------------------------|--------|----------------------------|------------|
|                                 |   | March 31,                  |       |
|                                 |   | 2010                       |       |   | 2009 |   |
|                                 |   | (Unaudited)                |       |   | (Unaudited) |   |
| Net revenue from external customers: |   |                       |       |   |   |   |
| Sport shoes                          |   | $                          | 7,444,205  |   |   | $ | 10,297,214 |   |
| Sports accessories                   |   |                       | 7,354,843  |   |   |   | 7,394,197 |   |
| Total                                |   | $                          | 14,799,048 |   |   | $ | 17,691,411 |   |

----

----

|                                                                                   |   | For the Three Months EndedMarch 31, |        |
|----------------------------------------------------------------------------------------|--------|-------------------------------------|-------------|
|                                                                                   |   | 2010                                |        |   | 2009 |   |
|                                                                                   |   |                                |        |   |   |   |
| NET REVENUE                                                                            |   | $                                   | 14,799,048  |   |   | $ | 17,691,411 |   |
| Cost of sales                                                                          |   |                                | (10,582,313 | ) |   |   | (12,864,581 | ) |
|                                                                                   |   |                                |        |   |   |   |   |   |
| GROSS PROFIT                                                                           |   |                                | 4,216,735   |   |   |   | 4,826,830 |   |
|                                                                                   |   |                                |        |   |   |   |   |   |
| Operating expenses:                                                                    |   |                                |        |   |   |   |   |   |
| Selling expenses                                                                       |   |                                | (732,127    | ) |   |   | (569,589 | ) |
| General and administrative expenses                                                    |   |                                | (542,536    | ) |   |   | (498,813 | ) |
| Total operating expenses                                                               |   |                                | (1,274,663  | ) |   |   | (1,068,402 | ) |
|                                                                                   |   |                                |        |   |   |   |   |   |
| Income from operations                                                                 |   |                                | 2,942,072   |   |   |   | 3,758,428 |   |
|                                                                                   |   |                                |        |   |   |   |   |   |
| Other income (expenses):                                                               |   |                                |        |   |   |   |   |   |
| Interest income                                                                        |   |                                | 84,778      |   |   |   | 8,084 |   |
| Interest expenses                                                                      |   |                                | (17,987     | ) |   |   | (11 | ) |
| Total other income (expenses)                                                          |   |                                | 66,791      |   |   |   | 8,073 |   |
|                                                                                   |   |                                |        |   |   |   |   |   |
| Income before income taxes                                                             |   |                                | 3,008,863   |   |   |   | 3,766,501 |   |
| Provision for income taxes                                                             |   |                                | (752,216    | ) |   |   | (945,532 | ) |
|                                                                                   |   |                                |        |   |   |   |   |   |
| Net income                                                                             |   |                                | 2,256,647   |   |   |   | 2,820,969 |   |
|                                                                                   |   |                                |        |   |   |   |   |   |
| Income attributable to noncontrolling interests                                        |   |                                | (135,399    | ) |   |   | (169,258 | ) |
|                                                                                   |   |                                |        |   |   |   |   |   |
| Net income attributable to China Sports shareholders                                   |   | $                                   | 2,121,248   |   |   | $ | 2,651,711 |   |
|                                                                                   |   |                                |        |   |   |   |   |   |
| Other comprehensive income (loss) attributable to China Sports  shareholders |   |                                |        |   |   |   |   |   |
| Foreign currency translation adjustments                                               |   |                                | 9,792       |   |   |   | (4,092 | ) |
|                                                                                   |   |                                |        |   |   |   |   |   |
| Comprehensive income attributable to China Sports shareholders                         |   |                                | 2,131,040   |   |   |   | 2,647,619 |   |
|                                                                                   |   |                                |        |   |   |   |   |   |
| Comprehensive income attributable to noncontrolling interests                          |   |                                | 136,024     |   |   |   | 168,996 |   |
|                                                                                   |   |                                |        |   |   |   |   |   |
| Total Comprehensive income                                                             |   | $                                   | 2,267,064   |   |   | $ | 2,816,615 |   |

----

----

----

| ExhibitNo. |    | Description                                                                                                                                                         |
|------------|--------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|       |         |                                                                                                                                                                |
| 31.1       |         | Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 *                                                                |
|       |         |                                                                                                                                                                |
| 31.2       |         | Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 *                                                                |
|       |         |                                                                                                                                                                |
| 32.1       |         | Certification of Chief Executive Officer of the Company, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 * |
|       |         |                                                                                                                                                                |
| 32.2       |         | Certification of Chief Financial Officer of the Company, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 * |
|       |         |                                                                                                                                                                |

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|                    | CHINA SPORTS HOLDING COMPANY LIMITED |                                            |
|-------------------------|--------------------------------------|-------------------------------------------------|
|                    |                                 |                                            |   |
| Date: May 17, 2010 | By:                                  | /s/ Mendoza Anding Lin                          |   |
|                    |                                 | Mendoza Anding Lin                              |   |
|                    |                                 | President, Chief Executive Officer and Chairman |   |

| Date: May 17, 2010 | By:    | /s/ Wing Sang Tommy Lo                                   |   |
|--------------------|--------|----------------------------------------------------------|--------|
|               |   | Wing Sang Tommy Lo                                       |   |
|               |   | Chief Financial Officer and Principal Accounting Officer |   |
|               |   |                                                     |   |

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