----

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|                                                       | GREEN      PLANET BIOENGINEERING CO. LIMITED |   |
|------------------------------------------------------------|----------------------------------------------|--------|
| (Exact      Name of Registrant as Specified In ItsCharter) |

| DELAWARE                                                            |   | 37-1532842                                |
|---------------------------------------------------------------------|--------|-------------------------------------------|
| (State      or Other Jurisdiction of Incorporation or Organization) |   | (I.R.S.      Employer Identification No.) |

| 18851      NE 29th      Avenue, Suite 700, Aventura, FL 33180 |
|---------------------------------------------------------------|
| (Address      of Principal Executive Offices)                 | (Zip      Code) |

|   | 1      877 544-2288                                       |   |
|--------|-----------------------------------------------------------|--------|
|   | (Registrant's      Telephone Number, Including Area Code) |   |

----

| Yes:    x | No:   o |
|-------------------------------|------------------------|

| Yes:       o | No:       x |
|-------------------|------------------|

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|         |                                                                                                                                 | Page     |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------|----------|
|         |                                                                                                                                 | Number   |
| PART      I  | FINANCIAL INFORMATION                                                                                                                |     |
|         |                                                                                                                                 |     |
| Item      1  |                                                                                                                                 |     |
|         |                                                                                                                                 |     |
|         | Condensed      Consolidated Statements of Income and Comprehensive Income for the Three      Months Ended March 31, 2009 (Unaudited) | F-1      |
|         |                                                                                                                                 |     |
|         | Condensed      Consolidated Balance Sheet as of March 31, 2009(Unaudited)                                                            | F-2      |
|         |                                                                                                                                 |     |
|         | Condensed      Consolidated Statements of Cash Flows for the Three Months Ended March 31,      2009 (Unaudited)                      | F-3      |
|         |                                                                                                                                 |     |
|         | Notes      to Condensed Consolidated Financial Statements                                                                            | F-4-F-15 |
|         |                                                                                                                                 |     |
| Item      2  | Management’s      Discussion and Analysis of Financial Condition and Results of      Operations                                | 5        |
|         |                                                                                                                                 |     |
| Item      3  | Quantitative      and Qualitative Disclosures about Market Risk                                                                      | 11       |
|         |                                                                                                                                 |     |
| Item      4  | Controls      and Procedures                                                                                                         | 11       |
|         |                                                                                                                                 |     |
| PART      II | OTHER INFORMATION                                                                                                                    |     |
|         |                                                                                                                                 |     |
| Item      1  | Legal      Proceedings                                                                                                               | 13       |
|         |                                                                                                                                 |     |
| Item      2  | Market      for Common Equity and Related Stockholder Matters                                                                        | 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   | 14                                                                                                                                   |

----

----

| Part      I | FINANCIAL      INFORMATION |
|-------------|----------------------------|

----

|                                                                      | Pages           |
|---------------------------------------------------------------------------|-----------------|
|                                                                      |            |
| Condensed      Consolidated Statements of Income and Comprehensive Income | F-1             |
|                                                                      |            |
| Condensed      Consolidated Balance Sheets                                | F-2             |
|                                                                      |            |
| Condensed      Consolidated Statements of Cash Flows                      | F-3             |
|                                                                      |            |
| Notes      to Condensed Consolidated Financial Statements                 | F-4      - F-15 |

----

|                                                 |   | Three      months ended March 31, |       |
|------------------------------------------------------|--------|-----------------------------------|------------|
|                                                 |   | 2009                              |       |   | 2008 |   |
|                                                 |   | (Unaudited)                       |       |   | (Unaudited) |   |
|                                                 |   |                              |       |   |   |   |
| Sales      revenue                                   |   | $                                 | 2,297,621  |   |   | $ | 2,192,799 |   |
| Cost      of sales                                   |   |                              | (852,686   | ) |   |   | (850,797 | ) |
|                                                 |   |                              |       |   |   |   |   |   |
| Gross      profit                                    |   |                              | 1,444,935  |   |   |   | 1,342,002 |   |
|                                                 |   |                              |       |   |   |   |   |   |
| Operating      expenses                              |   |                              |       |   |   |   |   |   |
| Administrative      expenses                         |   |                              | 212,215    |   |   |   | 127,889 |   |
| Research      and development expenses               |   |                              | 36,466     |   |   |   | 26,855 |   |
| Selling      expenses                                |   |                              | 56,031     |   |   |   | 56,347 |   |
|                                                 |   |                              |       |   |   |   |   |   |
|                                                 |   |                              | 304,713    |   |   |   | 211,091 |   |
|                                                 |   |                              |       |   |   |   |   |   |
| Income      from operations                          |   |                              | 1,140,223  |   |   |   | 1,130,911 |   |
| Interest      income                                 |   |                              | 249        |   |   |   | 1,879 |   |
| Subsidy      income                                  |   |                              | -          |   |   |   | 41,940 |   |
| Finance      costs - Note 3                          |   |                              | (88        | ) |   |   | (38,208 | ) |
|                                                 |   |                              |       |   |   |   |   |   |
| Income      before income taxes                      |   |                              | 1,140,384  |   |   |   | 1,136,522 |   |
| Income      taxes - Note 4                           |   |                              | (297,659   | ) |   |   | (274,319 | ) |
|                                                 |   |                              |       |   |   |   |   |   |
| Net      income                                      |   | $                                 | 842,725    |   |   | $ | 862,203 |   |
|                                                 |   |                              |       |   |   |   |   |   |
| Other      comprehensive (loss) income               |   |                              |       |   |   |   |   |   |
| Foreign      currency translation adjustments        |   |                              | (19,500    | ) |   |   | 420,644 |   |
|                                                 |   |                              |       |   |   |   |   |   |
| Total      comprehensive income                      |   | $                                 | 823,225    |   |   | $ | 1,282,847 |   |
|                                                 |   |                              |       |   |   |   |   |   |
| Earnings      per share - Note 5                     |   |                              |       |   |   |   |   |   |
| -      Basic                                         |   | $                                 | 0.05       |   |   | $ | 0.06 |   |
|                                                 |   |                              |       |   |   |   |   |   |
| -      Diluted                                       |   | $                                 | 0.04       |   |   | $ | 0.06 |   |
|                                                 |   |                              |       |   |   |   |   |   |
| Weighted      average number of shares outstanding : |   |                              |       |   |   |   |   |   |
| -      Basic                                         |   |                              | 15,407,725 |   |   |   | 14,141,667 |   |
|                                                 |   |                              |       |   |   |   |   |   |
| -      Diluted                                       |   |                              | 19,951,204 |   |   |   | 14,141,667 |   |

----

|                                                           |   | March      31, |       |   | December      31, |   |
|----------------------------------------------------------------|--------|----------------|------------|--------|-------------------|--------|
|                                                           |   | 2009           |       |   | 2008              |   |
|                                                           |   | (Unaudited)    |       |   | (Audited)         |   |
| ASSETS                                                         |   |           |       |   |              |   |
| Current      assets                                            |   |           |       |   |              |   |
| Cash      and cash equivalents                                 |   | $              | 960,806    |   |              | $      | 665,568 |   |
| Trade      receivables                                         |   |           | 4,881,909  |   |              |   | 4,346,403 |   |
| Deferred      taxes                                            |   |           | 32,534     |   |              |   | 31,643 |   |
| Other      receivables                                         |   |           | 117,764    |   |              |   | 51,841 |   |
| Inventories      - Note 6                                      |   |           | 384,068    |   |              |   | 431,569 |   |
|                                                           |   |           |       |   |              |   |   |   |
| Total      current assets                                      |   |           | 6,377,081  |   |              |   | 5,527,024 |   |
| Intangible      assets - Note 7                                |   |           | 307,212    |   |              |   | 159,159 |   |
| Property,      plant and equipment, net - Note 8               |   |           | 3,087,291  |   |              |   | 3,144,067 |   |
| Land      use rights - Note 9                                  |   |           | 7,824,688  |   |              |   | 7,841,214 |   |
| Deferred      taxes                                            |   |           | 10,835     |   |              |   | 8,977 |   |
| Deposit      for acquisition of intangible assets              |   |           | -          |   |              |   | 161,370 |   |
|                                                           |   |           |       |   |              |   |   |   |
| TOTAL      ASSETS                                              |   | $              | 17,607,107 |   |              | $      | 16,841,811 |   |
|                                                           |   |           |       |   |              |   |   |   |
| LIABILITIES      AND STOCKHOLDERS’ EQUITY                |   |           |       |   |              |   |   |   |
|                                                           |   |           |       |   |              |   |   |   |
| LIABILITIES                                                    |   |           |       |   |              |   |   |   |
| Current      liabilities                                       |   |           |       |   |              |   |   |   |
| Trade      payables                                            |   | $              | 634,548    |   |              | $      | 715,363 |   |
| Other      payables and accrued expenses - Note 10             |   |           | 1,369,266  |   |              |   | 1,262,011 |   |
| Amount      due to a related party - Note 11                   |   |           | 12,306     |   |              |   | 11,443 |   |
| Amount      due to a stockholder - Note 11                     |   |           | 3,361      |   |              |   | 3,362 |   |
| Loan      from government - Note 12                            |   |           | -          |   |              |   | 146,700 |   |
| Income      tax payable                                        |   |           | 348,859    |   |              |   | 301,197 |   |
| Deferred      revenue                                          |   |           | 62,995     |   |              |   | 63,081 |   |
|                                                           |   |           |       |   |              |   |   |   |
| Total      current liabilities                                 |   |           | 2,431,335  |   |              |   | 2,503,157 |   |
|                                                           |   |           |       |   |              |   |   |   |
| TOTAL      LIABILITIES                                         |   |           | 2,431,335  |   |              |   | 2,503,157 |   |
|                                                           |   |           |       |   |              |   |   |   |
| COMMITMENTS AND CONTINGENCIES      - Note 17                   |   |           |       |   |              |   |   |   |
|                                                           |   |           |       |   |              |   |   |   |
| STOCKHOLDERS’      EQUITY                                |   |           |       |   |              |   |   |   |
| Preferred      stock : par value of $0.001 per share,          |   |           |       |   |              |   |   |   |
| 10,000,000      shares authorized; none issued and outstanding |   |           |       |   |              |   |   |   |
| Common      stock : par value $0.001 per share - Note 13       |   |           |       |   |              |   |   |   |
| 250,000,000      shares authorized; 15,589,367 and 14,421,667  |   |           |       |   |              |   |   |   |
| issued      and outstanding as of March 31, 2009 and           |   |           |       |   |              |   |   |   |
| December      31, 2008 respectively                            |   |           | 15,589     |   |              |   | 14,422 |   |
| Additional      paid-in capital                                |   |           | 5,128,901  |   |              |   | 5,116,175 |   |
| Statutory      reserve - Note 14                               |   |           | 848,550    |   |              |   | 848,550 |   |
| Accumulated      other comprehensive income                    |   |           | 1,456,659  |   |              |   | 1,476,159 |   |
| Retained      earnings                                         |   |           | 7,726,073  |   |              |   | 6,883,348 |   |
|                                                           |   |           |       |   |              |   |   |   |
| TOTAL      STOCKHOLDERS’ EQUITY                          |   |           | 15,175,772 |   |              |   | 14,338,654 |   |
|                                                           |   |           |       |   |              |   |   |   |
| TOTAL      LIABILITIES AND STOCKHOLDERS’ EQUITY          |   | $              | 17,607,107 |   |              | $      | 16,841,811 |   |

----

|                                                                        |   | Three      months ended March 31, |     |
|-----------------------------------------------------------------------------|--------|-----------------------------------|----------|
|                                                                        |   | 2009                              |     |   | 2008 |   |
|                                                                        |   | (Unaudited)                       |     |   | (Unaudited) |   |
| Cash      flows from operating activities                                   |   |                              |     |   |   |   |
| Net      income                                                             |   | $                                 | 842,725  |   |   | $ | 862,203 |   |
| Adjustments      to reconcile net income to net                             |   |                              |     |   |   |   |   |   |
| cash      provided by operating activities:                                 |   |                              |     |   |   |   |   |   |
| Depreciation                                                                |   |                              | 52,491   |   |   |   | 50,089 |   |
| Amortization      for intangible assets                                     |   |                              | 12,880   |   |   |   | 8,912 |   |
| Amortization      for land use rights                                       |   |                              | 5,836    |   |   |   | 5,569 |   |
| Deferred      taxes                                                         |   |                              | (2,805   | ) |   |   | 16,093 |   |
| Stock-based      compensation                                               |   |                              | 13,130   |   |   |   | - |   |
| Changes      in operating assets and liabilities:                           |   |                              |     |   |   |   |   |   |
| Trade      receivables                                                      |   |                              | (607,357 | ) |   |   | (178,589 | ) |
| Inventories                                                                 |   |                              | 46,913   |   |   |   | 177,475 |   |
| Trade      payables                                                         |   |                              | (79,857  | ) |   |   | (174,615 | ) |
| Other      payables and accrued expenses                                    |   |                              | 108,974  |   |   |   | (130,819 | ) |
| Amount      due to a related party                                          |   |                              | 879      |   |   |   | 10,013 |   |
| Income      tax payable                                                     |   |                              | 48,072   |   |   |   | (93,483 | ) |
| Deferred      revenue                                                       |   |                              | -        |   |   |   | (27,960 | ) |
|                                                                        |   |                              |     |   |   |   |   |   |
| Net      cash flows provided by operating activities                        |   |                              | 441,881  |   |   |   | 524,888 |   |
|                                                                        |   |                              |     |   |   |   |   |   |
| Cash      flows from financing activities                                   |   |                              |     |   |   |   |   |   |
| Issue      of common stock                                                  |   |                              | 764      |   |   |   | - |   |
| Issue      of capital by Sanming Huajian                                    |   |                              | -        |   |   |   | 625,290 |   |
| Proceeds      of bank loans                                                 |   |                              | -        |   |   |   | 279,600 |   |
| Repayments      of loan from government                                     |   |                              | (146,500 | ) |   |   | - |   |
|                                                                        |   |                              |     |   |   |   |   |   |
| Net      cash flows (used in) provided by financing activities              |   |                              | (145,736 | ) |   |   | 904,890 |   |
|                                                                        |   |                              |     |   |   |   |   |   |
| Effect      of foreign currency translation on cash and cash    equivalents |   |                              | (907     | ) |   |   | 19,863 |   |
|                                                                        |   |                              |     |   |   |   |   |   |
| Net      increase in cash and cash equivalents                              |   |                              | 295,238  |   |   |   | 1,449,641 |   |
| Cash      and cash equivalents - beginning of period                        |   |                              | 665,568  |   |   |   | 333,081 |   |
|                                                                        |   |                              |     |   |   |   |   |   |
| Cash      and cash equivalents - end of period                              |   | $                                 | 960,806  |   |   | $ | 1,782,722 |   |
|                                                                        |   |                              |     |   |   |   |   |   |
| Supplemental      disclosures for cash flow information:                    |   |                              |     |   |   |   |   |   |
| Cash      paid for interest                                                 |   | $                                 | -        |   |   | $ | 3,317 |   |
| Cash      paid for Income taxes                                             |   | $                                 | 252,392  |   |   | $ | 351,710 |   |

----

| 1.     | General      information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | Green      Planet Bioengineering Co., Ltd, (the “Company”), formerly known as Mondo      Acquisition II, Inc, was incorporated in the State of Delaware on October      30, 2006.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | On      October 24, 2008, the Company entered into an agreement with the      shareholders of Elevated Throne Overseas Ltd. (“Elevated Throne”) to      acquire their issued and outstanding common stocks in Elevated Throne by      issuing 14,141,667 shares of its common stock. The acquisition, which      was consummated on the same day, constituted a reverse takeover      transaction (“RTO”) and thereafter Elevated Throne became a wholly-owned      subsidiary of the Company.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | Elevated      Throne was incorporated in the British Virgin Islands on May 8, 2008 as a      limited liability company with registered share capital of $50,000,      divided into 50,000 common shares of $1 par value each.  Elevated      Throne formed Fujian Green Planet Bioengineering Co., Ltd. (“Fujian Green      Planet”) as a wholly foreign-owned enterprise under the laws of the      People’s Republic of China (the “PRC”) on July 25, 2008.  Fujian      Green Planet has a registered capital of $2,000,000. Pursuant to Fujian      Green Planet’s articles of association, Elevated Throne is required to      contribute $300,000 to Fujian Green Planet as capital (representing 15% of      Fujian Green Planet’s registered capital) before October 17, 2008.      Elevated Throne has applied for an extension of the contribution period to      December 31, 2009 with the relevant government bureau. The remaining 85%      of Fuijian Green Planet’s registered capital is required to contribute      before July 17, 2010.                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | PRC      law places certain restrictions on roundtrip investments through the      acquisition of a PRC entity by PRC residents.  To comply with      these restrictions, in conjunction with the RTO, the Company, via Fujian      Green Planet, entered into and consummated certain contractual      arrangements with Sanming Huajian Bio-Engineering Co., Ltd (“Sanming      Huajian”) and their respective stockholders pursuant to which the Company      provides Sanming Huajian with technology consulting and management      services and appoints its senior executives and approves all matters      requiring shareholders’ approval.  As a result of these      contractual arrangements, which obligates Fujian Green Planet to absorb a      majority of the risk of loss from the activities of Sanming Huajian and      enables Fujian Green Planet to receive a majority of its expected residual      returns, the Company accounts for Sanming Huajian as a variable interest      entity (“VIE”) under FASB Interpretation No. 46R, “Consolidation of      Variable Interest Entities, an Interpretation of ARB No. 51” (the “VIE      Arrangement”). |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | Sanming      Huajian was organized under the laws of the PRC on April 16, 2004 under      the name of Sanming Zhonjian Biological Technology Industry Co., Ltd as a      domestic corporation.  It is classified as a non-joint capital      stock corporation and therefore the capital stock, consistent with most of      the PRC corporations, are not divided into a specific number of shares      having a stated nominal amount.  Sanming Huajian is owned by Mr.      Zhao Min, Ms. Zheng Minyan and Jiangle Jianlong Mineral Industry Co., Ltd      with equity interest of 35%, 36% and 29% respectively.  Mr. Zhao      and Ms. Zheng collectively own more than 90% of the Company’s issued and      outstanding common stock after the RTO.                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | The      reverse takeover accounting was used to account for the RTO and the VIE      Arrangement as Sanming Huajian was under common control of Mr. Zhao and      Ms. Zheng before and after the VIE Arrangement.  These financial      statements, issued under the name of the Company, represent the      continuation of the financial statements of Sanming    Huajian.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |

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| 1.     | General      information (Cont’d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   | Following      the RTO and the VIE Arrangement, the Company is primarily engaged in the      manufacture, marketing and sale of extracts from tobacco leaves      residues.  The Company's products include Solanesol, Nicotine      Sulphate, organic pesticides, organic fertilizers, CoQ10 (raw format) and      a patented organic health supplement called “Paiqianshu”, Paiqianshu comes      in both liquid and pill forms and it’s made from natural green barley      shoot extraction.  The Company operates manufacturing and      distribution primarily in the PRC.                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 2.     | Summary      of significant accounting policies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   | Principles of consolidation and basis of      presentation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   | The      accompanying condensed consolidated financial statements of the Company      have been prepared in accordance with accounting principles generally      accepted in the United States of America (“U.S. GAAP”).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   | The      condensed consolidated financial statements include the accounts of the      Company, its subsidiaries and its 100% VIE Sanming Huajian.  All      significant intercompany accounts and transactions have been      eliminated.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   | In      the opinion of the management of the Company, all adjustments, which are      of a normal recurring nature, and necessary for a fair statement of the      results for the three-month periods have been made.  Results for      the three-month periods presented are not necessarily indicative of the      results that might be expected for the entire fiscal      year.  These condensed consolidated financial statements should      be read in conjunction with the consolidated financial statements and the      notes thereto in the Company’s Form 10K for the year ended December 31,      2008 which was filed with the Securities and Exchange Commission on May 7,      2009.                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   | Use of estimates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   | In      preparing condensed consolidated financial statements in conformity with      U.S. GAAP, management makes estimates and assumptions that affect the      reported amounts of assets and liabilities and disclosures of contingent      assets and liabilities at the dates of the financial statements, as well      as the reported amounts of revenues and expenses during the reporting      periods.  These estimates and assumptions include, but are not      limited to, the valuation of trade receivables, inventories, deferred      taxes and stock-based compensation, and the estimation on useful lives and      realizability of intangible assets and property, plant and      equipment.  Actual results could differ from those      estimates. |

----

| 2.     | Summary      of significant accounting policies (Cont’d)                                                                 |
|--------|--------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                           |
|   | Concentrations of credit    risk                                                                                               |
|   |                                                                                                                           |
|   | During      the reporting periods, customers represented 10% or more of the Company’s      sales revenue are as follows: |

|            |   | Three      months ended March 31, |      |
|-----------------|--------|-----------------------------------|-----------|
|            |   | 2009                              |      |   | 2008 |   |
|            |   | (Unaudited)                       |      |   | (Unaudited) |   |
|            |   |                              |      |   |   |   |
| Customer      A |   | $                                 | 147,890   |   |   | $ | 401,608 |   |
| Customer      B |   |                              | 153,075   |   |   |   | 307,587 |   |
| Customer      C |   |                              | 346,136   |   |   |   | 339,151 |   |
| Customer      D |   |                              | 332,462   |   |   |   | 334,110 |   |
| Customer      E |   |                              | 306,355   |   |   |   | 418,583 |   |
| Customer      F |   |                              | 181,621   |   |   |   | 258,609 |   |
| Customer      G |   |                              | 287,393   |   |   |   | 133,151 |   |
| Customer      H |   |                              | 253,649   |   |   |   | - |   |
|            |   |                              |      |   |   |   |   |   |
|            |   | $                                 | 2,008,581 |   |   | $ | 2,192,799 |   |

|   | Details      of customers which represented 10% or more of the Company's trade      receivables are: |
|--------|------------------------------------------------------------------------------------------------------|

|            |   | March      31, |      |   | December      31, |   |
|-----------------|--------|----------------|-----------|--------|-------------------|--------|
|            |   | 2009           |      |   | 2008              |   |
|            |   | (Unaudited)    |      |   | (Audited)         |   |
|            |   |           |      |   |              |   |
| Customer      A |   | $              | 374,854   |   |              | $      | 531,047 |   |
| Customer      B |   |           | 622,258   |   |              |   | 730,430 |   |
| Customer      C |   |           | 713,341   |   |              |   | 700,614 |   |
| Customer      D |   |           | 642,661   |   |              |   | 569,392 |   |
| Customer      E |   |           | 727,537   |   |              |   | 614,022 |   |
| Customer      F |   |           | 578,905   |   |              |   | 653,892 |   |
| Customer      G |   |           | 587,408   |   |              |   | 547,006 |   |
|            |   |           |      |   |              |   |   |   |
|            |   | $              | 4,246,964 |   |              | $      | 4,346,403 |   |

|   | Recently issued accounting      pronouncements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | In      March 2008, the FASB issued SFAS No. 161, “Disclosures about Derivative      Instruments and Hedging Activities - an Amendment to FASB Statement      133”.  SFAS 161 provides new disclosure requirements for an      entity’s derivative and hedging activities.  SFAS 161 is      effective for financial statements issued for fiscal years beginning after      November 15, 2008.  The adoption of the statement did not have a      material impact on the Company’s results of operations, cash flows or      financial condition. |

----

| 2.     | Summary      of significant accounting policies (Cont’d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | Recently issued accounting pronouncements      (Cont’d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | In      December 2007, the FASB issued SFAS No. 160, “Noncontrolling Interests in      Consolidated Financial Statements - an Amendment of ARB No. 51”.       SFAS 160 establishes accounting and reporting standards for the      noncontrolling interest in a subsidiary and for the deconsolidation of a      subsidiary.  SFAS 160 is effective for the fiscal year beginning      after December 15, 2008.  The adoption of the statement did not have      a material impact on the Company’s results of operations, cash flows or      financial condition.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | In      December 2007, the FASB issued SFAS No. 141 (Revised), “Business      Combinations”.  SFAS 141 (Revised) establishes principles and      requirements for how the acquirer of a business recognizes and measures in      its financial statements the identifiable assets acquired, the liabilities      assumed, and any noncontrolling interest in the acquiree.  The      statement also provides guidance for recognizing and measuring the      goodwill acquired in the business combination and determines what      information to disclose to enable users of the financial statements to      evaluate the nature and financial effects of the business combination.       SFAS 141 is effective for the fiscal year beginning after December      15, 2008.  The adoption of the statement did not have a material      impact on the Company’s results of operations, cash flows or financial      condition.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | In      December 2008, the FASB issued FSP FAS 132(R)-1, “Employers’ Disclosures      about Postretirement Benefit Plan Assets” (“FSP FAS 132(R)-1”). FSP FAS      132(R)-1 requires additional disclosures in relation to plan assets of      defined benefit pension or other postretirement plans.  FSP FAS      132(R)-1 is effective for fiscal years ending after December 15, 2009 with      early application permitted.  The Company does not anticipate      the adoption of this FSP will have a material impact on its results of      operations, cash flows or financial condition.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | In      April 2009, the FASB issued Staff Position (FSP) No. 115-2 and      No. 124-2, “Recognition and Presentation of Other-Than-Temporary      Impairments”, which amends existing guidance for determining whether      impairment is other-than-temporary for debt securities.  The FSP      requires an entity to assess whether it intends to sell, or it is more      likely than not that it will be required to sell a security in an      unrealized loss position before recovery of its amortized cost      basis.  If either of these criteria is met, the entire      difference between amortized cost and fair value is recognized in      earnings.  For securities that do not meet the aforementioned      criteria, the amount of impairment recognized in earnings is limited to      the amount related to credit losses, while impairment related to other      factors is recognized in other comprehensive      income.  Additionally, the FSP expands and increases the      frequency of existing disclosures about other-than-temporary impairments      for debt and equity securities.  This FSP is effective for      interim and annual reporting periods ending after June 15,      2009.  The Company is currently evaluating the impact that the      adoption of FSP FAS 115-2 and FAS 124-2 will have on its results of      operations, cash flows or financialcondition. |

----

| 2.     | Summary      of significant accounting policies (Cont’d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   | Recently issued accounting pronouncements      (Cont’d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   | In      April 2009, the FASB issued Staff Position (FSP) No. 157-4,      “Determining Fair Value When the Volume and Level of Activity for the      Asset and Liability Have Significantly Decreased and Identifying      Transactions That Are Not Orderly”.  This FSP provides      additional guidance for determining the fair value of assets and      liabilities when the volume and level of activity for the asset or      liability have significantly decreased. FSP FAS 157-4 also provides      guidance on identifying circumstances that indicate an observed      transaction used to determine fair value is not orderly and, therefore, is      not indicative of fair value. FSP FAS 157-4 is effective for interim and      annual periods ending after June 15, 2009.  The Company does not      anticipate the adoption of this FSP will have a material impact on its      results of operations, cash flows or financial  condition. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   | In      April 2009, the FASB issued Staff Position (FSP) No. 107-1 and APB      28-1, “Interim Disclosures about Fair Value of Financial      Instruments”.  This FSP amends FASB Statement No. 107,      Disclosures about Fair Value of Financial Instruments, to require      disclosures about fair value of financial instruments for interim      reporting periods of publicly traded companies that were previously only      required in annual financial statements.  This FSP is effective      for interim reporting periods ending after June 15,      2009.  The Company does not anticipate the adoption of this FSP      will have a material impact on its results of operations, cash flows or      financial condition.                                                                                                                                                                                               |

| 3.     | Finance      costs        |   | Three      months ended March 31, |   |
|--------|---------------------------|--------|-----------------------------------|--------|
|   |                      |   | 2009                              |   |   | 2008 |   |
|   |                      |   | (Unaudited)                       |   |   | (Unaudited) |   |
|   |                      |   |                              |   |   |   |   |
|   | Bank      loans interest  |   | $                                 | -      |   |   | $ | 3,317 |   |
|   | Other      loans interest |   |                              | -      |   |   |   | 34,862 |   |
|   | Bank      charges         |   |                              | 88     |   |   |   | 29 |   |
|   |                      |   |                              |   |   |   |   |   |   |
|   |                      |   | $                                 | 88     |   |   | $ | 38,208 |   |

|   | During      the periods ended March 31, 2009 and 2008, loans interest expenses payable      to a related company were $Nil and $9,174 respectively.                                                                                                                                                                                                                                                                                                                                                                               |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 4.     | Income      taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   | United States                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   | The      Company is subject to the United States of America Tax law at tax rate of      40.7%.  No provision for the US federal income taxes has been      made as the Company had no taxable income in this jurisdiction for      the reporting periods.  The Company has not provided deferred      taxes on undistributed earnings of its non-U.S. subsidiaries or VIE as of      March 31, 2009 as it was the Company’s current policy to reinvest these      earnings in non-U.S. operations. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   | BVI                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   | Elevated      Throne was incorporated in the BVI and, under the current laws of the BVI,      is not subject to incometaxes.                                                                                                                                                                                                                                                                                                                                                                                                      |

----

| 4.     | Income      taxes  (Cont’d)                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | PRC                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | The      PRC’s legislative body, the National People’s Congress, adopted the      unified Corporate Income Tax Law on March 16, 2007. This new tax law      replaces the existing separate income tax laws for domestic enterprises      and foreign-invested enterprises and became effective on January 1,      2008.  Under the new tax law, a unified income tax rates is set      at 25% for both domestic enterprises and foreign-invested      enterprises. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | Accordingly,      Fujian Green Planet and Sanming Huajian, both of which are established      in the PRC, are subject to PRC enterprise income tax at the rate      of 25% on their assessable profits during the three months ended March 31,      2009 and 2008.                                                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 5.     | Earnings      per share                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | The      basic and diluted earnings per share is calculated using the net income      and the weighted average number of shares outstanding during the reporting      periods. All share and per share data have been adjusted to reflect the      recapitalization of the Company in the RTO.                                                                                                                                                                                           |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | The      diluted earnings per share for the three months ended March 31, 2009 is      based on the net income of the period and the weighted average number of      shares of 19,951,204 outstanding during the period after adjusting for the      number of 4,543,479 dilutive potential ordinary shares.  The      number of 5,578,333 shares of warrants granted to several consultants are      included in the calculation.                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | There      was no dilutive instrument outstanding during the three months ended or as      of March 31, 2008.   Accordingly, the basic and diluted      earnings per share are thesame.                                                                                                                                                                                                                                                                                   |

| 6.     | Inventories         |   | March      31, |    |   | December      31, |   |
|--------|---------------------|--------|----------------|---------|--------|-------------------|--------|
|   |                |   | 2009           |    |   | 2008              |   |
|   |                |   | (Unaudited)    |    |   | (Audited)         |   |
|   |                |   |           |    |   |              |   |
|   | Raw      materials  |   | $              | 142,324 |   |              | $      | 101,280 |   |
|   | Work-in-progress    |   |           | 233,896 |   |              |   | 294,798 |   |
|   | Finished      goods |   |           | 7,848   |   |              |   | 35,491 |   |
|   |                |   |           |    |   |              |   |   |   |
|   |                |   | $              | 384,068 |   |              | $      | 431,569 |   |

----

| 7.     | Intangible      assets        |   | March      31, |     |   | December      31, |   |
|--------|-------------------------------|--------|----------------|----------|--------|-------------------|--------|
|   |                          |   | 2009           |     |   | 2008              |   |
|   |                          |   | (Unaudited)    |     |   | (Audited)         |   |
|   |                          |   |           |     |   |              |   |
|   | Technologies      - Note (a)  |   | $              | 446,825  |   |              | $      | 286,065 |   |
|   | Software                      |   |           | 3,179    |   |              |   | 3,183 |   |
|   |                          |   |           |     |   |              |   |   |   |
|   |                          |   |           | 450,004  |   |              |   | 289,248 |   |
|   | Accumulated      amortization |   |           | (142,792 | )      |              |   | (130,089 | ) |
|   |                          |   |           |     |   |              |   |   |   |
|   | Net                           |   | $              | 307,212  |   |              | $      | 159,159 |   |

|   | Notes: |
|--------|--------|
|   |   |   |
|   | (a)    | The technologies were      purchased from third parties for producing      products - Solanesol, Organic Green Barley Supplements (Paiqianshu) and      Q10      Health Supplements. The application for      related patent is in process and has been initially accepted by the      relevant government department. |
|   |   |   |
|   | (b)    | During      the periods ended March 31, 2009 and 2008, amortization charge was $12,880      and $8,912 respectively.  The estimated aggregate amortization      expenses for intangible assets for the five succeeding years is as      follows: |

|   | Year ending December 31, |   |   |    |   |
|--------|--------------------------|--------|--------|---------|--------|
|   | 2009                     |   | $      | 47,333  |   |   |
|   | 2010                     |   |   | 48,248  |   |   |
|   | 2011                     |   |   | 27,103  |   |   |
|   | 2012                     |   |   | 27,103  |   |   |
|   | 2013                     |   |   | 27,103  |   |   |
|   |                     |   |   |    |   |   |
|   |                     |   | $      | 176,890 |   |   |

| 8.     | Property,      plant and equipment       |   | March      31,    |      |   | December      31, |   |
|--------|------------------------------------------|--------|-------------------|-----------|--------|-------------------|--------|
|   |                                     |   | 2009              |      |   | 2008              |   |
|   |                                     |   | (Unaudited      ) |      |   | (Audited      )   |   |
|   | Cost:                                    |   |              |      |   |              |   |
|   | Buildings      - Note (a)                |   | $                 | 1,926,263 |   |              | $      | 1,928,892 |   |
|   | Plant      and machinery                 |   |              | 859,233   |   |              |   | 860,407 |   |
|   | Office      equipment                    |   |              | 97,381    |   |              |   | 97,514 |   |
|   | Motor      vehicles                      |   |              | 92,725    |   |              |   | 92,851 |   |
|   |                                     |   |              |      |   |              |   |   |   |
|   |                                     |   |              | 2,975,602 |   |              |   | 2,979,664 |   |
|   | Accumulated      depreciation            |   |              | (598,250  | )      |              |   | (546,505 | ) |
|   |                                     |   |              |      |   |              |   |   |   |
|   |                                     |   |              | 2,377,352 |   |              |   | 2,433,159 |   |
|   | Construction      in progress - Note (b) |   |              | 709,939   |   |              |   | 710,908 |   |
|   |                                     |   |              |      |   |              |   |   |   |
|   | Net                                      |   | $                 | 3,087,291 |   |              | $      | 3,144,067 |   |

----

| 8.     | Property,      plant and equipment (Cont’d) |
|--------|---------------------------------------------------|
|   |                                              |   |
|   | Notes:                                            |
|   |                                              |   |
|   | (a)                                               | Property      certificates of buildings with carrying amount of $1,671,996 as of March      31, 2009 are yet to be obtained.  The application of legal title      is in process and the management expects there will be no legal hindrance      in obtaining the legal title and no extra cost will be      incurred. |
|   |                                              |   |
|   | (b)                                               | Construction      in progress mainly comprises capital expenditure for construction of the      Company’s new office and machinery. |
|   |                                              |   |
|   | (c)                                               | During      the reporting periods, depreciation is included  in: |

|   |   |                         |   | Three      months ended March 31, |   |
|--------|--------|------------------------------|--------|-----------------------------------|--------|
|   |   |                         |   | 2009                              |   |   | 2008 |   |
|   |   |                         |   | (Unaudited)                       |   |   | (Unaudited) |   |
|   |   |                         |   |                              |   |   |   |   |
|   |   | Cost      of sales           |   | $                                 | 29,508 |   |   | $ | 28,158 |   |
|   |   | Administrative      expenses |   |                              | 22,983 |   |   |   | 21,931 |   |
|   |   |                         |   |                              |   |   |   |   |   |   |
|   |   |                         |   | $                                 | 52,491 |   |   | $ | 50,089 |   |

| 9.     | Land      use rights          |   | March      31, |      |   | December      31, |   |
|--------|-------------------------------|--------|----------------|-----------|--------|-------------------|--------|
|   |                          |   | 2009           |      |   | 2008              |   |
|   |                          |   | (Unaudited)    |      |   | (Audited)         |   |
|   |                          |   |           |      |   |              |   |
|   | Land      use rights          |   | $              | 7,890,834 |   |              | $      | 7,901,606 |   |
|   | Accumulated      amortization |   |           | (66,146   | )      |              |   | (60,392 | )      ) |
|   |                          |   |           |      |   |              |   |   |   |
|   |                          |   | $              | 7,824,688 |   |              | $      | 7,841,214 |   |

|   | The      carrying amount of land use rights as of March 31, 2009 comprises three      land use rights, which were required for building factories and offices,      with carrying amounts of $959,881, $96,507 and $6,768,300      respectively.  The legal title of the second and third land use      rights with carrying amount of $6,864,807 has not yet been transferred to      the Company.  The application of legal title is in the process      and the management expects there will be no legal hindrance in obtaining      the legal titles and no extra costs will be incurred. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | The      land use right with carrying amount of $6,768,300 has not been used and      developed.  Accordingly, no amortization was provided for the      reporting periods.                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | During      the periods ended March 31, 2009 and 2008, amortization charge was $5,836      and $5,569 respectively and was included in administrative      expenses.  The estimated amortization charge of land use rights      for the five succeeding years is asfollows:                                                                                                                                                                                                                                                                                                                              |

----

| 9. | Land      use rights (Cont’d) |
|----|-------------------------------------|

|   | Year ending December 31, |   |   |    |   |
|--------|--------------------------|--------|--------|---------|--------|
|   | 2009                     |   | $      | 75,957  |   |   |
|   | 2010                     |   |   | 163,621 |   |   |
|   | 2011                     |   |   | 163,621 |   |   |
|   | 2012                     |   |   | 163,621 |   |   |
|   | 2013                     |   |   | 163,621 |   |   |
|   |                     |   |   |    |   |   |
|   |                     |   | $      | 730,441 |   |   |

| 10.    | Other      payables and accrued expenses |   | March      31, |      |   | December      31, |   |
|--------|------------------------------------------|--------|----------------|-----------|--------|-------------------|--------|
|   |                                     |   | 2009           |      |   | 2008              |   |
|   |                                     |   | (Unaudited)    |      |   | (Audited)         |   |
|   |                                     |   |           |      |   |              |   |
|   | Rental      payable                      |   | $              | 4,029     |   |              | $      | 1,834 |   |
|   | Salaries      payable                    |   |           | 64,937    |   |              |   | 59,497 |   |
|   | Other      accrued expenses              |   |           | 62,997    |   |              |   | 61,707 |   |
|   | Value-added      tax payable             |   |           | 160,419   |   |              |   | 134,078 |   |
|   | Land      use rights payable - Note (a)  |   |           | 945,034   |   |              |   | 1,004,895 |   |
|   | Receipts      in advance                 |   |           | 131,850   |   |              |   | - |   |
|   |                                     |   |           |      |   |              |   |   |   |
|   |                                     |   | $              | 1,369,266 |   |              | $      | 1,262,011 |   |

|   | Note:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
|   | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | The      payable is interest-free and repayable by instalments with last payment      due on December 31, 2009. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
| 11.    | Amounts      due to a related party and a stockholder                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
|   | The      amounts are interest-free, unsecured and repayable on    demand.                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
| 12.    | Loan      from government                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
|   | The      government loan was designated for a research project. It was      interest-free, unsecured and had been fully repaid during the current      reporting period.                                                                                                                                                                                                                                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
| 13.    | Common      stock                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
|   | On      January 15, 2009, the Company issued 404,000 shares of its common stock to      several management personnel of the Company in return for their services      rendered (Note 15).  On the same day, the Company issued 763,700      shares of its common stock pursuant to the exercise of 763,700 warrants      with an exercise price of $0.001 per share previously granted to certain      consultants (Note 15).  The Company received proceeds of      $764. |

----

| 14.    | Statutory      reserve                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | The      Company’s statutory reserve comprise statutory reserve fund of Sanming      Huajian.  In accordance with the relevant laws and regulations      of the PRC, Sanming Huajian and Fujian Green Planet are required to set      aside at least 10% of their after-tax net profit each year, if any, to      fund the statutory reserve until the balance of the reserve reaches 50% of      their respective registered capital.  The statutory reserve is      not distributable in the form of cash dividends to the Company and can be      used to make up cumulative prior year losses. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 15.    | Stock-based      compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | During the three months      ended March 31, 2009, the      Company recognized total non-cash      stock-based compensation of $13,130 in connection with 404,000 shares of      common stocks issued to several management personnel of the Company in      return for their services rendered (Note      13).  $12,318, $487 and $325 of the stock-based compensation      were charged to the statements of income and comprehensive income as      administrative expenses, research and development expenses and selling      expenses respectively.                                                          |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | The      Company granted certain consultants warrants to purchase in aggregate      5,578,333 shares of its common stock in year 2008.  The exercise      price of 4,718,333 warrants granted in October 2008 is $0.001 while the      remaining 860,000 warrants granted in December 2008 is $0.01. All warrants      were fully vested on the date of grant and will expire in 5 years from the      respective date of grant.                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | The      aggregate fair value of the warrants granted was $169,739 at the dates of      grant, which was determined using the Black-Scholes option valuation model      with the following assumptions: risk-free interest rate of 3.61% to 4.56%,      volatility of 60%, nil expected dividends and expected life of 5      years.  The Company recognized the total charge of $169,739 in      the statement of income and comprehensive income during the year ended      December 31, 2008.                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | The      warrants activity during the three months ended March 31, 2009 is as      follows:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |

|                |   |     |   |   | Number      of warrants |         |
|---------------------|--------|----------|--------|--------|-------------------------|--------------|
|                |   |     |   |   | Outstanding             |         |   |   |   |   |   |   |   | Outstanding |   |
|                |   |     |   |   | as      of              |         |   |   |   |   | Granted/ |   |   | as      of |   |
|                |   | Exercise |   |   | January                 |         |   |   |   |   | forfeited/ |   |   | March |   |
| Month      of grant |   | price    |   |   |                    | 1,      2009 |   |   | Exercised |   |   | cancelled |   |   |   | 31,      2009 |   |
|                |   |     |   |   |                    |         |   |   |   |   |   |   |   |   |   |   |   |
| October      2008   |   | $        | 0.001  |   |                    |         | 4,718,333 |   |   |   | (763,700 | ) |   |   | - |   |   |   | 3,954,633 |   |
| December      2008  |   | $        | 0.01   |   |                    |         | 860,000 |   |   |   | - |   |   |   | - |   |   |   | 860,000 |   |
|                |   |     |   |   |                    |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                |   |     |   |   |                    |         | 5,578,333 |   |   |   | (763,700 | ) |   |   | - |   |   |   | 4,814,633 |   |

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| 16.    | Defined      contribution plan                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
|   | Pursuant      to the relevant PRC regulations, the Company is required to make      contributions at a rate of 29% of the average salaries for the latest      fiscal year-end of Fujian Province to a defined contribution retirement      scheme organized by a state-sponsored social insurance plan in respect of      the retirement benefits for the Company's employees in the      PRC.  The only obligation of the Company with respect to      retirement scheme is to make the required contributions under the      plan.  No forfeited contribution is available to reduce the      contribution payable in the future years.  The defined      contribution plan contributions were charged to the statements of income      and comprehensive income. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
|   | The      Company contributed $11,547 and $10,898 for the three months ended March      31, 2009 and 2008 respectively.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| 17.    | Commitments      and contingencies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
|   | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | Capital      commitments |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | As of March 31,      2009, the Company had capital commitments contracted but not provided for      in the condensed consolidated financial statements in respect of the      followings: |

|   |                                    |   | March      31, |    |   | December      31, |   |
|--------|-----------------------------------------|--------|----------------|---------|--------|-------------------|--------|
|   |                                    |   | 2009           |    |   | 2008              |   |
|   |                                    |   | (Unaudited)    |    |   | (Audited)         |   |
|   |                                    |   |           |    |   |              |   |
|   | Acquisition      of plant and machinery |   | $              | 210,405 |   |              | $      | 53,545 |   |
|   | Acquisition      of intangible assets   |   |           | 161,150 |   |              |   | 161,370 |   |
|   |                                    |   |           |    |   |              |   |   |   |
|   |                                    |   | $              | 371,555 |   |              | $      | 214,915 |   |

|   | (b)    | Operating      lease arrangements                                                                                                                                                                                                                                                                            |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                         |
|   |   | As      of March 31, 2009, the Company had two non-cancelable operating leases for      its office premises.  The leases will expire in 2010 and the      expected payments as of March 31, 2009 were $19,705, which will fall due      as follows: $9,413 in year 2009 and $10,292 in year  2010. |
|   |   |                                                                                                                                                                                                                                                                                                         |
|   |   | The      rental expenses relating to the operating leases were $3,077 and $2,726      for the three months ended March 31, 2009 and 2008      respectively.                                                                                                                                                  |

----

| 18.    | Segment      information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | The      Company uses the “management approach” in determining reportable operating      segments.  The management approach considers the internal      organization and reporting used by the Company’s chief operating decision      maker for making operating decisions and assessing performance as the      source for determining the Company’s reportable segments.  The      Company is solely engaged in the manufacture, marketing, sale and      distribution of extracts from tobacco leaves residues.  Since      the nature of the products, their production processes, the type of their      customers and their distribution methods are substantially similar,      management considers they are as a single reportable segment under SFAS      131, “Disclosures about Segments of an Enterprise and Related      Information”. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | All      of the Company’s long-lived assets and revenues classified based on the      customers are located in the PRC.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 19.    | Related      party transactions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | Apart      from the transactions as disclosed in notes 3 and 11 to the condensed      consolidated financial statements, during the periods ended March 31, 2009      and 2008, the Company paid rental expenses of $879 and $839 respectively      to a related company in which a stockholder, who is also the director of      the Company, has a beneficialinterest.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |

----

| Item      2 | Management’s      Discussion and Analysis of Financial Condition and Results of      Operations |
|-------------|-------------------------------------------------------------------------------------------------------|

----

Business Overview

----

----

----

| Exchange      Rates                                 |   | 3/31/2009 |   | 3/31/2008 |   |
|-----------------------------------------------------|--------|-----------|--------|-----------|--------|
|                                                |   |      |   |      |   |
| Fiscal      period/year end RMB : US$ exchange rate |   | 6.83      |   | 7.00      |   |
|                                                |   |      |   |      |   |
| Average      period/yearly RMB : US$ exchange rate  |   | 6.83      |   | 7.15      |   |

----

----

| Item      3 | Quantitative      and Qualitative Disclosures about Market Risk |
|-------------|-----------------------------------------------------------------|
|        |                                                            |
|        | Not      Applicable                                             |
|        |                                                            |
| Item      4 | Controls      and Procedures                                    |

----

|   | i.     | pertain      to the maintenance of records that, in reasonable detail, accurately and      fairly reflect the transactions and dispositions of our      assets;                                                                                                                                                                            |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                       |
|   | ii.    | provide      reasonable assurance that transactions are recorded as necessary to permit      preparation of financial statements in accordance with generally accepted      accounting principles, and that receipts and expenditures are being made      only in accordance with authorizations of our management and directors;      and |
|   |   |                                                                                                                                                                                                                                                                                                                                       |
|   | iii.   | provide      reasonable assurance regarding prevention or timely detection of      unauthorized acquisition, use or disposition of our assets that could have      a material effect on our financialstatements.                                                                                                                           |

----

| Part      II | OTHER      INFORMATION                                         |
|--------------|----------------------------------------------------------------|
|         |                                                           |
| Item      1  | Legal      Proceedings                                         |
|         |                                                           |
|         | None                                                           |
|         |                                                           |
| Item      2  | Market      for Common Equity and Related Stockholder  Matters |

| Item      3 | Defaults      upon Senior Securities                     |
|-------------|----------------------------------------------------------|
|        |                                                     |
|        | None                                                     |
|        |                                                     |
| Item      4 | Submission      of Matters to a Vote of Security Holders |
|        |                                                     |
|        | None                                                     |
|        |                                                     |
| Item      5 | Other      Information                                   |
|        |                                                     |
|        | None                                                     |
|        |                                                     |
| Item 6      | Exhibits                                                 |
|        |                                                     |
| (a)         | Exhibits                                                 |

| 31     | Certification      of Principal Executive Officer and Principal Financial Officer pursuant to      Section 302 of the Sarbanes-Oxley Act of 2002                                                           |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                       |
| 32     | Certification      of Principal Executive Officer and Principal Financial Officer pursuant to      18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002  |

----

|                    | GREEN      PLANET BIOENGINEERING CO., LTD. |
|-------------------------|--------------------------------------------|
|                    |                                       |   |   |
|                    |                                       |   |   |
| Date:      May 15, 2009 | By:                                        | /s/      Min Zhao |   |
|                    |                                       | Min      Zhao |   |
|                    |                                       | Chief      Executive Officer |   |
|                    |                                       | (Principal      Executive Officer and |   |
|                    |                                       | Principal      Financial Officer) |   |