----

----

|                                                       | 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 |
|-------------------------|------------------------|

| Large      Accelerated Filer   o | Accelerated      Filer   o | Non-accelerated      Filer   o | Smaller      Reporting Company x |
|-------------------------------------------------|-------------------------------------------|-----------------------------------------------|----------------------------------|

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

----

| PART      I   |                                                                                                                       |   |
|---------------|----------------------------------------------------------------------------------------------------------------------------|--------|
|          |                                                                                                                       |   |
| Item      1.  | Description      of Business                                                                                               | 5      |
|          |                                                                                                                       |   |
| Item      2.  | Description      of Property                                                                                               | 32     |
|          |                                                                                                                       |   |
| Item      3.  | Legal      Proceedings                                                                                                     | 33     |
|          |                                                                                                                       |   |
| Item      4.  | Submission      of Matters to a Vote of Security Holders                                                                   | 33     |
|          |                                                                                                                       |   |
| PART II       |                                                                                                                       |   |
|          |                                                                                                                       |   |
| Item      5.  | Market      for Common Equity and Related Stockholder Matters                                                              | 34     |
|          |                                                                                                                       |   |
| Item      6.  | Selected      Financial Data                                                                                               | 34     |
|          |                                                                                                                       |   |
| Item      7.  | Management’s      Discussion and Analysis of Financial Condition and Results                                         | 34     |
|          |                                                                                                                       |   |
| Item      8.  | Financial      Statements                                                                                                  | 38     |
|          |                                                                                                                       |   |
| Item      9.  | Changes      in and Disagreements with Accountants on Accounting and Financial      Disclosure                             | 38     |
|          |                                                                                                                       |   |
| Item      9A. | Controls      and Procedures                                                                                               | 38     |
|          |                                                                                                                       |   |
| PART III      |                                                                                                                       |   |
|          |                                                                                                                       |   |
| Item      10. | Directors,      Executive Officers, Promoters and Control Persons; Compliance with Section      16 (A) of the Exchange Act | 41     |
|          |                                                                                                                       |   |
| Item      11. | Executive      Compensation                                                                                                | 44     |
|          |                                                                                                                       |   |
| Item      12. | Security      Ownership of Certain Beneficial Owners and Management and Related      Stockholder Matter                    | 44     |
|          |                                                                                                                       |   |
| Item      13. | Certain      Relationships and Related Transactions                                                                        | 44     |
|          |                                                                                                                       |   |
| Item      14. | Exhibits      and Reports on Form 8-K                                                                                      | 45     |
|          |                                                                                                                       |   |
| Item      15. | Principal      Accountant Fees and Services                                                                                | 45     |
|          |                                                                                                                       |   |
| SIGNATURES    | 46                                                                                                                         |

----

----

| Item      1. | Description      of Business |
|--------------|------------------------------|

Mondo Acquisition II, Inc. was incorporated in the State ofDelaware on October 30, 2006. Since inception, we have been engaged inorganizational efforts to obtain initial financing. We were formed as a vehicleto pursue a business combination through the acquisition of, or merger with, anoperating business. We filed a registration statement on Form 10-SB with theU.S. Securities and Exchange Commission (the “SEC”) on May 2, 2007, and sinceits effectiveness, we have focused our efforts to identify a possible businesscombination. On October 2, 2008, we changed our name to Green PlanetBioengineering Co., Limited (“Green Planet”).

----

----

----

| Name of Shareholder              |   | Amount of Contribution(RMB)      ‘000 |      |   | Percent of CapitalContribution |   |
|--------------------------------------------|--------|-------------------------------------------------------|-----------|--------|------------------------------------------|--------|
| Min      Zhao                              |   |                                                  | 13,328.15 |   |                                     |   | 35.07 | % |
| Min      Yan Zhen                          |   |                                                  | 13,668.65 |   |                                     |   | 35.97 | % |
| Jiangle      Jianlong Mineral industry Co. |   |                                                  | 11,003.20 |   |                                     |   | 28.96 | % |
| Total                                      |   | RMB      38,000.00                                    |      |   |                                     | 100    | % |

----

|   | ● | Filing      for GMP certificate and building GMP manufacturing facility to produce the      company’s entire product line |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------|
|   | ● | Apply      for ISO certification                                                                                                |
|   | ● | Begin      the production and sales of “Paiqianshu”                                                                 |
|   | ● | Apply      for retail certifications on liquid and pill forms of CoQ10      (over-the-counter) supplements                      |
|   | ● | Trademark      the “Green Planet” brandsupplements                                                                  |

|   | ● | Obtain      distributors for over-the-counter Q10 supplements in  China         |
|--------|---------|---------------------------------------------------------------------------------|
|   | ● | Initiate      & execute sales and marketing plan across domestic    markets |
|   | ● | Obtain      distributors throughout Asia for retail Q10 supplements             |
|   | ● | Initiate      & execute sales and marketing plan across  Asia               |

|   | ● | Leverage      product portfolio to increase sales of raw Q10 materials worldwide by      continuous R&D |
|--------|---------|-------------------------------------------------------------------------------------------------------------|
|   | ● | Obtain      established distributors for raw Q10 & retail Q10 supplements in the      US                |
|   | ● | Launch      retail sales and marketing plan in the US                                                       |
|   | ● | Launch      downstream retail Q10 products as they are developed and      certified                         |

----

----

|   | 1. | Green      Planet Bio’s house brand “GreenPlanet” |
|--------|----|---------------------------------------------------------------------|

|   | 2. | private      labeling of mass merchandisers’ housebrands |
|--------|----|----------------------------------------------------------------|

|   | ● | www.ebay.com                |
|--------|---------|-----------------------------|
|   |    |                        |
|   | ● | www.amazon.com              |
|   |    |                        |
|   | ● | www.bizrate.com             |
|   |    |                        |
|   | ● | www.swansonvitamin.com      |
|   |    |                        |
|   | ● | www.vitacost.com            |
|   |    |                        |
|   | ● | www.supplementwarehouse.com |

----

----

1

2

| Country                     | Demand      (in tons)   |
|-----------------------------|-------------------------|
| US                          | 200-220                 |
| JAPAN                       | 160-180                 |
| ASIA      (EXCLUDING JAPAN) | 100-150                 |
| EUROPE                      | 80-100                  |
| OTHER      COUNTRIES        | 60                      |
| TOTAL                       | Average      approx.655 |

----

----

----

| ● | First,      we have established a strong referral programs with major universities      where most distributors look for new products and new technologies      today. |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                                                                                   |
| ● | Second,      we have used the following channels to get the name and brands out to      potential distributors:                                                        |
|    |                                                                                                                                                                   |
|    | -                                                                                                                                                                      | Web      advertising |
|    |                                                                                                                                                                   |   |
|    | -                                                                                                                                                                      | Internal      web optimization through Search engines and Sponsored  links |
|    |                                                                                                                                                                   |   |
|    | -                                                                                                                                                                      | Trade      shows |
|    |                                                                                                                                                                   |   |
|    | -                                                                                                                                                                      | Exhibitions |
|    |                                                                                                                                                                   |   |
|    | -                                                                                                                                                                      | Conferences |
|    |                                                                                                                                                                   |   |
| ● | Third,      we network through the local government in some provinces to introduce and      refer us to establisheddistributors.                                       |

|  Patent      Name                                                                      |  Application      No. |  Designer                               |  Application      date |  Valid      until |  Owner      of patent                               |
|--------------------------------------------------------------------------------------------------|----------------------------|----------------------------------------------|-----------------------------|------------------------|----------------------------------------------------------|
| Synchronization      and high efficiency process of Solanesol and Nicotine    Sulphate           | 200610069846.6             | Min      Zhao, Chen Yanmei, Liu Caiqing      | 2006.8.11                   | 2026.8.11              | Sanming      Huajian Bioengineering Co., Ltd.  |
| A      Method of Eliminating Plum bum Products with Basic liquid of zymogene      mung bean | 200710009735.0             | Lin      Xuanxian, Chen Jianmin, Chen Yanmei | 2007.11.01                  | 2027.11.01             | Sanming      Huajian Bioengineering Co., Ltd.  |

----

| Trademark     |   | CertificateNo.                                                                   |   | Category                                                        |   | Registrant               |   | Valid Term                                     |
|---------------|--------|----------------------------------------------------------------------------------|--------|-----------------------------------------------------------------|--------|--------------------------|--------|-----------------------------------------------------|
| Paiqianshu    |   | 4322405                                                                          |   | No.30      Refined food from plants, etc.                  |   | Sanming      Huajian     |   | From      2007-4-20 to 2017-4-20                    |
| Jimai      QQ |   | 4322404      (Application No. here. It will be the Certificate No. later.)  |   | No.30      Refined food from plants, etc.                       |   | Sanming      Huajian     |   | 10      years since the date of certificate issuing |
| Jimai         |   | 5425649      (Application No. here. It will be the Certificate No. later.)  |   | No.1      Fertilizer, chemical products, etc.                   |   | Sanming      Huajian     |   | 10      years since the date of certificate issuing |
| Jinliang      |   | 4538612      (Application No. here. It will be the Certificate No. later.)  |   | No.3      Cosmetic, household and personal care chemicals, etc. |   | Sanming      Huajian     |   | 10      years since the date of certificate issuing |
| PURESOLAN     |   | 6869795      (Application No. here. It will be the Certificate No. later.)  |   | No.5      Medical products, etc                                 |   | FuJian      Green Planet |   | 10      years since the date of certificate issuing |
| GREENPLANET   |   | 6871472      (Application No. here. It will be the Certificate No. later.)  |   | No.5      Medical products, etc                                 |   | Fujian      Green Planet |   | 10      years since the date of certificateissuing  |

----

| Item      1A | Risk      Factors |
|--------------|-------------------|

----

|   | ● | We      will be able to capitalize on economic reforms;                                          |
|--------|---------|--------------------------------------------------------------------------------------------------|
|   | ● | The      Chinese government will continue its pursuit of economic reform      policies;          |
|   | ● | The      economic policies, even if pursued, will be successful;                                 |
|   | ● | Economic      policies will not be significantly altered from time to time;      and             |
|   | ● | Business      operations in the PRC will not become subject to the risk of      nationalization. |

----

----

----

----

----

----

|   | o      | expand      our product offerings and maintain the high quality of our      products;                                                                                                                                                                                                                                                          |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                           |
|   | o      | manage      our expanding operations, including the integration of any future      acquisitions;                                                                                                                                                                                                                                               |
|   |   |                                                                                                                                                                                                                                                                                                                                           |
|   | o      | obtain      sufficient working capital to support our expansion and to fill customers'      orders in time;                                                                                                                                                                                                                                    |
|   |   |                                                                                                                                                                                                                                                                                                                                           |
|   | o      | maintain      adequate control of our expenses;                                                                                                                                                                                                                                                                                                |
|   |   |                                                                                                                                                                                                                                                                                                                                           |
|   | o      | implement      our product development, marketing, sales, and acquisition strategies and      adapt and modify them as needed; and                                                                                                                                                                                                             |
|   |   |                                                                                                                                                                                                                                                                                                                                           |
|   | o      | anticipate      and adapt to changing conditions in the containerboard and paper products      markets in which we operate as well as the impact of any changes in      government regulation, mergers and acquisitions involving our competitors,      technological developments and other significant competitive and market      dynamics. |

----

----

----

|   | o      | our      financial condition and results of operations,                                                                            |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                               |
|   | o      | the      condition of the People’s Republic of China economy and the      containerboard   sector in the PRC, |
|   |   |                                                                                                                               |
|   | o      | conditions      in relevant financial markets; and                                                                                 |
|   |   |                                                                                                                               |
|   | o      | relevant      People’s Republic of China laws regulating the  same.                                                          |

----

----

----

----

| Item      1B | Unresolved      Staff Comments |
|--------------|--------------------------------|
|         |                           |
|         | Not      Applicable            |

----

| Item      2 | Description      of Property |
|-------------|------------------------------|

| Land      No.                       | 01-01-101                                      |
|-------------------------------------|------------------------------------------------|
| Land      Use Right Certificate No. | Ming      Guo Yong (2005) No. 6238             |
| User      of the Land               | Sanming      Huajian Bio-Engineering Co., Ltd. |
| Location                            | Jikou      Farm, Sanming City                  |
| Usage                               | Commercial      Services                       |
| Area                                | 54,319.4                                       |
| Form      of Acquisition            | Assignment                                     |
| Expiration      Date                | 2054-07-08                                     |
| Encumbrances                        | None                                           |

| Land      No.                       | To      be issued                              |
|-------------------------------------|------------------------------------------------|
| Land      Use Right Certificate No. | To      be issued                              |
| User      of the Land               | Sanming      Huajian Bio-Engineering Co., Ltd. |
| Location                            | Jikou      Farm, Sanming City                  |
| Usage                               | Commercial      Services                       |
| Area                                | 9,969.92                                       |
| Form      of Acquisition            | Assignment                                     |
| Expiration      Date                | 50      years after the date of acquirement    |
| Encumbrances                        | None                                           |

| Land      No.                       | To      be issued                                             |
|-------------------------------------|---------------------------------------------------------------|
| Land      Use Right Certificate No. | To      be issued                                             |
| User      of the Land               | Sanming      Huajian Bio-Engineering Co., Ltd.                |
| Location                            | Sanyuan      District, Jingdong Industrial Zone, Sanming City |
| Usage                               | Commercial      Services                                      |
| Area                                | 153,846                                                       |
| Form      of Acquisition            | Assignment                                                    |
| Expiration      Date                | 50      years after the date of acquirement                   |
| Encumbrances                        | None                                                          |

----

| Houses                  | Certificate      No.                    | Area      Square Meters |
|-------------------------|-----------------------------------------|-------------------------|
| Main      factory       | The      certificates are to be issued. | 3,483.938               |
| Transformer      room   | 154.678                                 |
| Boiler      room        | 136.318                                 |
| Cosmetic      factory   | 924.706                                 |
| Synthetic      building | 3,136.669                               |
| Extracting      factory | 1,827.102                               |
| Total:                  |                                    | 9,663.441               |

| No. |   | Lessor                                          |   | Location                                                                                                                 |   | Term                                              |   | Rent per      Year(USD) |     |
|-----|--------|-------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------|--------|-------------------------|----------|
| 1   |   | Green      Planet Bio-EngineeringCo.,      Ltd. |   | #1402      Unit 1, Longfa Mansion (Bright of City), Hudong Road, Gulou District,      Fuzhou City, Fujian Province  |   | October      15, 2007 toOctober      14, 2010     |   | $                       | 7,964.29 |   |
| 2   |   | Green      Planet Bio-EngineeringCo.,      Ltd. |   | #126,      Gong Ye Nan Road, Sanming City, Fujian Province (Sanming Mingdu      Hotel)                                   |   | September      30, 2005 toSeptember      30, 2010 |   | $                       | 3,459.6  |   |

|   | 1. | Integration Building:      Construction began in March 2005 with engineering costs of      $503,649.63.  Construction is 80% complete and is expected to      cost an addition $145,985.40 to complete. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | 2. | Purifying Project:      Construction began in January 2006 with engineering costs of      $202,189.78.  Construction is 70% complete and is expected to      cost an additional $102,189.78 tocomplete. |

| Item      3 | Legal      Proceedings                                    |
|-------------|-----------------------------------------------------------|
|        |                                                      |
|        | None                                                      |
|        |                                                      |
| Item      4 | Submissions      of Matters to a Vote of Security Holders |
|        |                                                      |
|        | None                                                      |

----

| Item      5 | Market      For Common Equity and Related Stockholder  Matters |
|-------------|----------------------------------------------------------------|

|        | Not      Applicable                                                                 |
|-------------|-------------------------------------------------------------------------------------|
|        |                                                                                |
| Item      6 | Selected      Financial Data                                                        |
|        |                                                                                |
|        | Not      Applicable                                                                 |
|        |                                                                                |
| Item      7 | Management’s      Discussion and Analysis of Financial Condition and  Results |

----

----

| Exchange      Rates                          |   | 12/31/2008 |   |   | 12/31/2007 |   |
|----------------------------------------------|--------|------------|--------|--------|------------|--------|
|                                         |   |       |   |   |       |   |
| Fiscal      year end RMB : US$ exchange rate |   | 6.85       |   |   | 7.29       |   |
|                                         |   |       |   |   |       |   |
| Average      yearly RMB : US$ exchange rate  |   | 6.83       |   |   | 7.60       |   |

----

----

| Item      7A | Quantitative      and Qualitative Disclosures about Market Risk                                                                                                                               |
|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|         |                                                                                                                                                                                          |
|         | Not      Applicable                                                                                                                                                                           |
|         |                                                                                                                                                                                          |
| Item      8  | Financial      Statements                                                                                                                                                                     |
|         |                                                                                                                                                                                          |
|         | The      financial statements and report of an independent registered certified      public accounting firm are included herein immediately following the      signature page of this report. |
|         |                                                                                                                                                                                          |
| Item      9  | Changes      in and Disagreements with Accountants on Accounting and Financial      Disclosure                                                                                                |
|         |                                                                                                                                                                                          |
|         | None                                                                                                                                                                                          |
|         |                                                                                                                                                                                          |
| Item      9A | 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.                                                                                                                           |

----

----

| Item      10 | Directors,      Executive Officers, Promoters and Control Persons Compliance with Section      16(A) of the Exchange Act |
|--------------|--------------------------------------------------------------------------------------------------------------------------|

| Name               | Age    | Position                         | Term                          |
|--------------------|--------|----------------------------------|-------------------------------|
|               |   |                             |                          |
| Min      Zhao      | 40     | Chief      Executive Officer     | November      2008 to present |
|               |   | and      Director                |                          |
|               |   |                             |                          |
| Jian      Min Chen | 44     | Chief      Scientist             | November      2008 to present |
|               |   | and      Director                |                          |
|               |   |                             |                          |
| Shanyan      Ou    | 32     | VP      of Sales & Marketing | November      2008 to present |
|               |   | and      Director                |                          |
|               |   |                             |                          |
| Minyan      Zheng  | 28     | Director                         | November      2008 to present |
|               |   |                             |                          |
| Jianrong      Chen | 55     | Director                         | November      2008 to present |

----

----

----

| Item      11 | Executive      Compensation |
|--------------|-----------------------------|

| Name      and PrincipalPosition |   | FiscalYear |   | Salary($) |   | Bonus($) |   | StockAwards($) |   | OptionAwards($) |   | Non-equityIncentive      PlanCompensation($) |   | Change      inPension      ValueandNonqualifiedDeferredCompensationEarnings($) |   | All      Other Compensation($) |   | Total($) |   |
|---------------------------------|--------|------------|--------|-----------|--------|----------|--------|----------------|--------|-----------------|--------|----------------------------------------------|--------|--------------------------------------------------------------------------------|--------|--------------------------------|--------|----------|--------|
|                            |   |       |   |      |   |     |   |           |   |            |   |                                         |   |                                                                           |   |                           |   |     |   |   |   |   |   |
| Mr.      Min Zhao               |   | 2008       |   | 21,898    |   |     | 4,672  |           | 0      |            |   | 0                                            |   | 0                                                                              |   |                           | 0      |     | 0      |   |   | 26,570 |   |
|  –      CEO          |   | 2007       |   | 21,898    |   |     | 1,825  |           | 0      |            |   | 0                                            |   | 0                                                                              |   |                           | 0      |     | 0      |   |   | 23,723 |   |
|                            |   |       |   |      |   |     |   |           |   |            |   |                                         |   |                                                                           |   |                           |   |     |   |   |   |   |   |
| Miss.      Shanyan              |   | 2008       |   | 14,015    |   |     | 3,358  |           | 0      |            |   | 0                                            |   | 0                                                                              |   |                           | 0      |     | 0      |   |   | 17,373 |   |
| Ou      – VP Sales        |   | 2007       |   | 14,015    |   |     | 1,168  |           | 0      |            |   | 0                                            |   | 0                                                                              |   |                           | 0      |     | 0      |   |   | 15,183 |   |

| Item      12 | Security      Ownership of Certain Beneficial Owners and Management and Related      Stockholder Matters |
|--------------|----------------------------------------------------------------------------------------------------------|

| Name and Address of      BeneficialOwner(2)           | Amount and Nature of      BeneficialOwnership(1) | Percentage of Class      (%) |
|-------------------------------------------------------|--------------------------------------------------|------------------------------|
| Min      Zhao                                         | 8,160,750                                        | 52.34%                       |
| Min      Yan Zheng                                    | 6,080,917                                        | 39.00%                       |
| All      Directors and Executive Officers (2 persons) | 14,241,667                             | 91.34%                       |
|                                                  |                                             |                         |

|   | (1) | In      determining beneficial ownership of our common stock as of a given date,      the number of shares shown includes shares of common stock which may be      acquired on exercise of warrants or options or conversion of convertible      securities within 60 days of that date.  In determining the      percent of common stock owned by a person or entity on April 27, 2009, (a)      the numerator is the number of shares of the class beneficially owned by      such person or entity, including shares which may be acquired within 60      days on exercise of warrants or options and conversion of convertible      securities, and (b) the denominator is the sum of (i) the total shares of      common stock outstanding on April 27, 2009 (15,589,367), and (ii) the      total number of shares that the beneficial owner may acquire upon      conversion of the preferred and on exercise of the warrants and      options.  Unless otherwise stated, each beneficial owner has      sole power to vote and dispose of its shares. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | (2) | Unless      otherwise indicated, the address of all beneficial owners is No. 126      Mingdu Building, Gongye road, Sanming City, Fujian,  China.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

| Item      13 | Certain      Relationships and RelatedTransactions |
|--------------|----------------------------------------------------|

----

| Item 14 | Exhibits      and Reports on Form 8-K |
|---------|---------------------------------------|

| (a)    | Exhibits                 |
|--------|--------------------------|
|   | 31.1                     | Certification      of Principal Executive Officer pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002 |
|   | 31.2                     | Certification      of Financial and Accounting Officer pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002 |
|   | 32                       | Certification      pursuant to 18 U.S.C. Section 1350 |
| (b)    | Reports      on form 8-K |

| Item      15 | Principal      Accountant Fees and Services |
|--------------|---------------------------------------------|

----

|                   |   | Green      Planet Bioengineering Co, Ltd. |                                    |
|------------------------|--------|-------------------------------------------|-----------------------------------------|
|                   |   |                                      |                                    |   |
|                   |   |                                      |                                    |   |
| Date:      May 6, 2009 | By:    | /s/                                       | Min      Zhao                           |   |
|                   |   |                                      | Min      Zhao                           |   |
|                   |   |                                      | Chief      Executive Officer (Principal |   |
|                   |   |                                      | Executive      Officer and Principal    |   |
|                   |   |                                      | Financial      and Accounting Officer)  |   |
|                   |   |                                      |                                    |   |
| Date:      May 6, 2009 | By:    | /s/                                       | Shanyuan      Ou                        |   |
|                   |   |                                      | Shanyan      Ou                         |   |
|                   |   |                                      | Director                                |   |
|                   |   |                                      |                                    |   |
| Date:      May 6, 2009 | By:    | /s/                                       | Min      Yan Zheng                      |   |
|                   |   |                                      | Min      Yan Zheng                      |   |
|                   |   |                                      | Director                                |   |
|                   |   |                                      |                                    |   |
| Date:      May 6, 2009 | By:    | /s/                                       | Min      Jian Chen                      |   |
|                   |   |                                      | Dr.      Min Jian Chen                  |   |
|                   |   |                                      | Director                                |   |
|                   |   |                                      |                                    |   |
| Date:      May 6, 2009 | By:    | /s/                                       | Jianrong      Zheng                     |   |
|                   |   |                                      | Jianrong      Zheng                     |   |
|                   |   |                                      | Director                                |   |

----

----

|                                                            | PAGES      |   |
|-----------------------------------------------------------------|------------|--------|
|                                                            |       |   |
| Report of Independent Registered      Public Accounting Firm    | F-1        |   |
|                                                            |       |   |
| Consolidated Statements of Income      and Comprehensive Income | F-2        |   |
|                                                            |       |   |
| Consolidated Balance      Sheets                                | F-3        |   |
|                                                            |       |   |
| Consolidated Statements of Cash      Flows                      | F-4        |   |
|                                                            |       |   |
| Consolidated Statements of      Stockholders’ Equity      | F-5        |   |
|                                                            |       |   |
| Notes to Consolidated Financial      Statements                 | F-6 - F-23 |   |

----

----

|                                                  |   | Year      ended December 31, |       |
|-------------------------------------------------------|--------|------------------------------|------------|
|                                                  |   | 2008                         |       |   | 2007 |   |
|                                                  |   |                         |       |   |   |   |
| Sales revenue                                         |   | $                            | 10,401,530 |   |   | $ | 8,059,104 |   |
| Cost of sales                                         |   |                         | (3,939,610 | ) |   |   | (2,999,328 | ) |
|                                                  |   |                         |       |   |   |   |   |   |
| Gross profit                                          |   |                         | 6,461,920  |   |   |   | 5,059,776 |   |
|                                                  |   |                         |       |   |   |   |   |   |
| Operating      expenses                               |   |                         |       |   |   |   |   |   |
| Administrative      expenses                          |   |                         | 1,117,729  |   |   |   | 581,550 |   |
| Research      and development expenses                |   |                         | 444,404    |   |   |   | 200,204 |   |
| Selling      expenses                                 |   |                         | 247,991    |   |   |   | 227,535 |   |
|                                                  |   |                         |       |   |   |   |   |   |
|                                                  |   |                         | 1,810,124  |   |   |   | 1,009,289 |   |
|                                                  |   |                         |       |   |   |   |   |   |
| Income      from operations                           |   |                         | 4,651,796  |   |   |   | 4,050,487 |   |
| Interest      income                                  |   |                         | 14,141     |   |   |   | 4,667 |   |
| Subsidy      income                                   |   |                         | 57,660     |   |   |   | 76,369 |   |
| Other      income                                     |   |                         | 1,435      |   |   |   | 1,317 |   |
| Finance      costs - Note 3                           |   |                         | (151,814   | ) |   |   | (140,356 | ) |
|                                                  |   |                         |       |   |   |   |   |   |
| Income      before income taxes and minority interest |   |                         | 4,573,218  |   |   |   | 3,992,484 |   |
| Income      taxes - Note 4                            |   |                         | (1,222,919 | ) |   |   | (1,302,826 | ) |
|                                                  |   |                         |       |   |   |   |   |   |
| Net      income                                       |   | $                            | 3,350,299  |   |   | $ | 2,689,658 |   |
|                                                  |   |                         |       |   |   |   |   |   |
| Other      comprehensive income                       |   |                         |       |   |   |   |   |   |
| Foreign currency translation      adjustments         |   |                         | 747,343    |   |   |   | 529,165 |   |
|                                                  |   |                         |       |   |   |   |   |   |
| Total      comprehensive income                       |   | $                            | 4,097,642  |   |   | $ | 3,218,823 |   |
|                                                  |   |                         |       |   |   |   |   |   |
| Earnings      per share - Note 5                      |   |                         |       |   |   |   |   |   |
| -      Basic                                          |   | $                            | 0.24       |   |   | $ | 0.19 |   |
|                                                  |   |                         |       |   |   |   |   |   |
| -      Diluted                                        |   | $                            | 0.22       |   |   | $ | 0.19 |   |
|                                                  |   |                         |       |   |   |   |   |   |
| Weighted      average number of shares outstanding :  |   |                         |       |   |   |   |   |   |
| -      Basic                                          |   |                         | 14,193,831 |   |   |   | 14,141,667 |   |
|                                                  |   |                         |       |   |   |   |   |   |
| -      Diluted                                        |   |                         | 15,220,563 |   |   |   | 14,141,667 |   |

----

|                                                        |   | As      of December 31, |       |
|-------------------------------------------------------------|--------|-------------------------|------------|
|                                                        |   | 2008                    |       |   | 2007 |   |
| ASSETS                                                      |   |                    |       |   |   |   |
| Current      assets                                         |   |                    |       |   |   |   |
| Cash and cash      equivalents                              |   | $                       | 665,568    |   |   | $ | 333,081 |   |
| Trade    receivables                                        |   |                    | 4,346,403  |   |   |   | 2,113,989 |   |
| Deferred taxes - Note      4                                |   |                    | 31,643     |   |   |   | 22,580 |   |
| Other    receivables                                        |   |                    | 51,841     |   |   |   | 2,742 |   |
| Inventories - Note      6                                   |   |                    | 431,569    |   |   |   | 667,732 |   |
|                                                        |   |                    |       |   |   |   |   |   |
| Total      current assets                                   |   |                    | 5,527,024  |   |   |   | 3,140,124 |   |
| Intangible      assets - Note 7                             |   |                    | 159,159    |   |   |   | 104,096 |   |
| Property,      plant and equipment, net - Note 8            |   |                    | 3,144,067  |   |   |   | 3,133,301 |   |
| Land      use rights - Note 9                               |   |                    | 7,841,214  |   |   |   | 7,349,936 |   |
| Deferred      taxes - Note 4                                |   |                    | 8,977      |   |   |   | 30,795 |   |
| Deposit      for acquisition of intangible assets           |   |                    | 161,370    |   |   |   | - |   |
|                                                        |   |                    |       |   |   |   |   |   |
| TOTAL      ASSETS                                           |   | $                       | 16,841,811 |   |   | $ | 13,758,252 |   |
|                                                        |   |                    |       |   |   |   |   |   |
| LIABILITIES      AND STOCKHOLDERS’ EQUITY             |   |                    |       |   |   |   |   |   |
|                                                        |   |                    |       |   |   |   |   |   |
| LIABILITIES                                                 |   |                    |       |   |   |   |   |   |
| Current      liabilities                                    |   |                    |       |   |   |   |   |   |
| Trade payables                                              |   | $                       | 715,363    |   |   | $ | 612,085 |   |
| Other payables and accrued      expenses - Note 10          |   |                    | 1,262,011  |   |   |   | 499,812 |   |
| Amount      due to a related party - Note 11                |   |                    | 11,443     |   |   |   | 43,392 |   |
| Amount      due to a stockholder -      Note 11             |   |                    | 3,362      |   |   |   | 27,420 |   |
| Loan from a related party -      Note 12                    |   |                    | -          |   |   |   | 479,850 |   |
| Short-term other loans - Note      13                       |   |                    | -          |   |   |   | 1,343,580 |   |
| Loan from government - Note      14                         |   |                    | 146,700    |   |   |   | 137,100 |   |
| Income tax    payable                                       |   |                    | 301,197    |   |   |   | 414,572 |   |
| Deferredrevenue                                             |   |                    | 63,081     |   |   |   | 72,663 |   |
|                                                        |   |                    |       |   |   |   |   |   |
| Total      current liabilities                              |   |                    | 2,503,157  |   |   |   | 3,630,474 |   |
| Other      payables - Note 10                               |   |                    | -          |   |   |   | 884,295 |   |
|                                                        |   |                    |       |   |   |   |   |   |
| TOTAL      LIABILITIES                                      |   |                    | 2,503,157  |   |   |   | 4,514,769 |   |
|                                                        |   |                    |       |   |   |   |   |   |
| COMMITMENTS AND CONTINGENCIES      - Note 18                |   |                    |       |   |   |   |   |   |
|                                                        |   |                    |       |   |   |   |   |   |
| STOCKHOLDERS’      EQUITY                             |   |                    |       |   |   |   |   |   |
| Preferred      stock : par value of $0.001 per share,       |   |                    |       |   |   |   |   |   |
| Authorized: 10,000,000 shares      in 2008 and 2007,        |   |                    |       |   |   |   |   |   |
| none issued and      outstanding                            |   |                    | -          |   |   |   | - |   |
| Common      stock : par value $0.001 per share - Note 15    |   |                    |       |   |   |   |   |   |
| Authorized : 250,000,000 shares      in 2008 and 40,000,000 |   |                    |       |   |   |   |   |   |
| shares in 2007; issued and      outstanding : 14,421,667    |   |                    |       |   |   |   |   |   |
| shares in 2008 and 14,141,667      shares in 2007           |   |                    | 14,422     |   |   |   | 14,142 |   |
| Additional      paid-in capital                             |   |                    | 5,116,175  |   |   |   | 4,118,926 |   |
| Statutory      reserve - Note 16                            |   |                    | 848,550    |   |   |   | 481,912 |   |
| Accumulated      other comprehensive income                 |   |                    | 1,476,159  |   |   |   | 728,816 |   |
| Retained      earnings                                      |   |                    | 6,883,348  |   |   |   | 3,899,687 |   |
|                                                        |   |                    |       |   |   |   |   |   |
| TOTAL      STOCKHOLDERS’ EQUITY                       |   |                    | 14,338,654 |   |   |   | 9,243,483 |   |
|                                                        |   |                    |       |   |   |   |   |   |
| TOTAL      LIABILITIES AND STOCKHOLDERS’ EQUITY       |   | $                       | 16,841,811 |   |   | $ | 13,758,252 |   |

----

|                                                                        |   | Year      ended December 31, |       |
|-----------------------------------------------------------------------------|--------|------------------------------|------------|
|                                                                        |   | 2008                         |       |   | 2007 |   |
| Cash      flows from operating activities                                   |   |                         |       |   |   |   |
| Net income                                                                  |   | $                            | 3,350,299  |   |   | $ | 2,689,658 |   |
| Adjustments to reconcile net      income to net                             |   |                         |       |   |   |   |   |   |
|   cash provided by      operating activities :                    |   |                         |       |   |   |   |   |   |
| Depreciation                                                                |   |                         | 206,592    |   |   |   | 187,719 |   |
| Amortization for intangible      assets                                     |   |                         | 39,546     |   |   |   | 34,147 |   |
| Amortization for land use      rights                                       |   |                         | 22,971     |   |   |   | 20,982 |   |
| Deferred taxes                                                              |   |                         | 16,206     |   |   |   | 2,860 |   |
| Share-based      compensation                                               |   |                         | 182,239    |   |   |   | - |   |
| Changes in operating assets and      liabilities :                          |   |                         |       |   |   |   |   |   |
| Trade    receivables                                                        |   |                         | (2,047,083 | ) |   |   | (400,077 | ) |
| Inventories                                                                 |   |                         | 278,001    |   |   |   | (162,235 | ) |
| Trade payables                                                              |   |                         | 46,491     |   |   |   | 268,325 |   |
| Other payables and accrued      expenses                                    |   |                         | (202,100   | ) |   |   | 191,410 |   |
| Amount due to a related      party                                          |   |                         | (34,380    | ) |   |   | 37,723 |   |
| Income tax    payable                                                       |   |                         | (139,929   | ) |   |   | (225,002 | ) |
| Deferredrevenue                                                             |   |                         | (14,415    | ) |   |   | 19,751 |   |
|                                                                        |   |                         |       |   |   |   |   |   |
| Net      cash flows provided by operating activities                        |   |                         | 1,704,438  |   |   |   | 2,665,261 |   |
|                                                                        |   |                         |       |   |   |   |   |   |
| Cash      flows from investing activities                                   |   |                         |       |   |   |   |   |   |
| Payments to acquire intangible      assets                                  |   |                         | (245,055   | ) |   |   | - |   |
| Payments to acquire property,      plant and equipment                      |   |                         | (1,586     | ) |   |   | (24,732 | ) |
| Deposits paid for acquisition      of land use rights                       |   |                         | -          |   |   |   | (2,402,978 | ) |
|                                                                        |   |                         |       |   |   |   |   |   |
| Net      cash flows used in investing activities                            |   |                         | (246,641   | ) |   |   | (2,427,710 | ) |
|                                                                        |   |                         |       |   |   |   |   |   |
| Cash      flows from financing activities                                   |   |                         |       |   |   |   |   |   |
| Issue      of common stock                                                  |   |                         | 140,000    |   |   |   | - |   |
| Issue      of capital by Sanming Huajian                                    |   |                         | 625,290    |   |   |   | - |   |
| Proceeds      of bank loans                                                 |   |                         | 288,300    |   |   |   | - |   |
| Repayments      of bank loans                                               |   |                         | (288,300   | ) |   |   | (1,316,700 | ) |
| New      other loans                                                        |   |                         | -          |   |   |   | 526,680 |   |
| Repayments      of other loans                                              |   |                         | (1,917,195 | ) |   |   | - |   |
| Proceeds      of loan from government                                       |   |                         | -          |   |   |   | 131,670 |   |
| Repayments      of loan from government                                     |   |                         | -          |   |   |   | (59,252 | ) |
| Advances      from a related party                                          |   |                         | -          |   |   |   | 460,845 |   |
| Advances      from a stockholder                                            |   |                         | (25,481    | ) |   |   | 26,334 |   |
|                                                                        |   |                         |       |   |   |   |   |   |
| Net      cash flows used in financing activities                            |   |                         | (1,177,386 | ) |   |   | (230,423 | ) |
|                                                                        |   |                         |       |   |   |   |   |   |
| Effect      of foreign currency translation on cash and cash    equivalents |   |                         | 52,076     |   |   |   | 21,434 |   |
|                                                                        |   |                         |       |   |   |   |   |   |
| Net      increase in cash and cash equivalents                              |   |                         | 332,487    |   |   |   | 28,562 |   |
| Cash      and cash equivalents - beginning of year                          |   |                         | 333,081    |   |   |   | 304,519 |   |
|                                                                        |   |                         |       |   |   |   |   |   |
| Cash      and cash equivalents - end of year                                |   | $                            | 665,568    |   |   | $ | 333,081 |   |
|                                                                        |   |                         |       |   |   |   |   |   |
| Supplemental      disclosures for cash flow information:                    |   |                         |       |   |   |   |   |   |
| Cash      paid for interest                                                 |   | $                            | 151,382    |   |   | $ | 140,248 |   |
| Cash      paid for Income taxes                                             |   | $                            | 1,346,641  |   |   | $ | 1,524,968 |   |

----

|                                         |   |              |       |   |       |   |   |    |   |   | Accumulated |   |   |          |    |   |     |   |
|----------------------------------------------|--------|-------------------|------------|--------|------------|--------|--------|---------|--------|--------|-------------|--------|--------|---------------|---------|--------|----------|--------|
|                                         |   | Common      stock |       |   | Additional |   |   |    |   |   | other       |   |   |          |    |   |     |   |
|                                         |   | Number            |       |   |       |   |   | paid-in |   |   | Statutory   |   |   | comprehensive |    |   | Retained |   |   |   |   |
|                                         |   | of      shares    |       |   | Amount     |   |   | capital |   |   | reserve     |   |   | income        |    |   | earnings |   |   | Total |   |
|                                         |   |              |       |   |       |   |   |    |   |   |        |   |   |          |    |   |     |   |   |   |   |
| Balance,      January 1, 2007                |   |              | 14,141,667 |   |       | $      | 14,142 |    |   | $      | 4,118,926   |   |   | $             | 203,902 |   |     | $      | 199,651 |   |   | $ | 1,488,039 |   |   | $ | 6,024,660 |   |
| Net      income                              |   |              | -          |   |       |   | -      |    |   |   | -           |   |   |          | -       |   |     |   | - |   |   |   | 2,689,658 |   |   |   | 2,689,658 |   |
| Foreign      currency translation            |   |              | -          |   |       |   | -      |    |   |   | -           |   |   |          | -       |   |     |   | 529,165 |   |   |   | - |   |   |   | 529,165 |   |
| Appropriation      to statutory reserve      |   |              | -          |   |       |   | -      |    |   |   | -           |   |   |          | 278,010 |   |     |   | - |   |   |   | (278,010 | ) |   |   | - |   |
|                                         |   |              |       |   |       |   |   |    |   |   |        |   |   |          |    |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Balance,      December 31, 2007              |   |              | 14,141,667 |   |       |   | 14,142 |    |   |   | 4,118,926   |   |   |          | 481,912 |   |     |   | 728,816 |   |   |   | 3,899,687 |   |   |   | 9,243,483 |   |
| Issue      of capital by Sanming Huajian     |   |              | -          |   |       |   | -      |    |   |   | 625,290     |   |   |          | -       |   |     |   | - |   |   |   | - |   |   |   | 625,290 |   |
| Recapitalization                             |   |              | 90,000     |   |       |   | 90     |    |   |   | 49,910      |   |   |          | -       |   |     |   | - |   |   |   | - |   |   |   | 50,000 |   |
| Issue      of common stock for cash          |   |              |       |   |       |   |   |    |   |   |        |   |   |          |    |   |     |   |   |   |   |   |   |   |   |   |   |   |
| -      Note 15                               |   |              | 140,000    |   |       |   | 140    |    |   |   | 139,860     |   |   |          | -       |   |     |   | - |   |   |   | - |   |   |   | 140,000 |   |
| Issue      of common stock for               |   |              |       |   |       |   |   |    |   |   |        |   |   |          |    |   |     |   |   |   |   |   |   |   |   |   |   |   |
|   services      rendered - Note 15 |   |              | 50,000     |   |       |   | 50     |    |   |   | 12,450      |   |   |          | -       |   |     |   | - |   |   |   | - |   |   |   | 12,500 |   |
| Issue      of warrants for services          |   |              |       |   |       |   |   |    |   |   |        |   |   |          |    |   |     |   |   |   |   |   |   |   |   |   |   |   |
| rendered      - Note 17                      |   |              | -          |   |       |   | -      |    |   |   | 169,739     |   |   |          | -       |   |     |   | - |   |   |   | - |   |   |   | 169,739 |   |
| Net      income                              |   |              | -          |   |       |   | -      |    |   |   | -           |   |   |          | -       |   |     |   | - |   |   |   | 3,350,299 |   |   |   | 3,350,299 |   |
| Foreign      currency translation            |   |              | -          |   |       |   | -      |    |   |   | -           |   |   |          | -       |   |     |   | 747,343 |   |   |   | - |   |   |   | 747,343 |   |
| Appropriation      to statutory reserve      |   |              | -          |   |       |   | -      |    |   |   | -           |   |   |          | 366,638 |   |     |   | - |   |   |   | (366,638 | ) |   |   | - |   |
|                                         |   |              |       |   |       |   |   |    |   |   |        |   |   |          |    |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Balance,      December 31, 2008              |   |              | 14,421,667 |   |       | $      | 14,422 |    |   | $      | 5,116,175   |   |   | $             | 848,550 |   |     | $      | 1,476,159 |   |   | $ | 6,883,348 |   |   | $ | 14,338,654 |   |

----

| 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.  On the same day, the Company      redeemed 910,000 shares of its common stock for the purpose of the RTO and      the issued and outstanding shares of the Company’s common stock decreased      from 1,000,000 to 90,000 with par value remaining unchanged at $0.001      each.                                                                                                                                                                                                                                                                                                                                                                                                          |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | 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.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | 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. On January 29, 2008, the paid-up capital of      Sanming Huajian increased from $4,133,068 to $4,758,358 as a result of the      capital injection from stockholders. 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. Accordingly,      the comparative information of the consolidated balance sheets, statements      of income and comprehensive income, cash flows and stockholders’ equity      for the year ended December 31, 2007 represented those of Sanming      Huajian.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |

----

| 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 consolidated financial statements of the Company have been      prepared in accordance with accounting principles generally accepted in      the United States of America.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   | The      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.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   | Certain      prior year balances in the consolidated statements of income and      comprehensive income have been reclassified to conform to current year      presentation. For the year ended December 31, 2007, we reclassified      $200,204 from administrative expenses to research and development      expenses. These reclassifications have no effect on net income as      previously presented.                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   | Use of estimates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   | In      preparing financial statements in conformity with accounting principles      generally accepted in the United States of America, 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 warrants granted,      and the estimation on useful lives and realizability of intangible assets      and property, plant and equipment.  Actual results could differ      from those estimates. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   | Concentrations of credit    risk                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   | Financial      instruments that potentially subject the Company to significant      concentrations of credit risk consist principally of cash and cash      equivalents and trade receivables.  As of December 31, 2008 and      2007, all of the Company’s cash and cash equivalents were held by major      financial institutions located in the PRC, which management believes are      of high credit quality.  With respect to trade receivables, in      order to reduce its credit risk, the Company has adopted credit policies,      which include the analysis of the financial position of its customers and      a regular review of their creditlimits.                                                                                                                               |

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

|   |            |   | Year      ended December 31, |      |
|--------|-----------------|--------|------------------------------|-----------|
|   |            |   | 2008                         |      |   | 2007 |   |
|   |            |   |                         |      |   |   |   |
|   | Customer      A |   | $                            | 1,639,419 |   |   | $ | 1,643,646 |   |
|   | Customer      B |   |                         | 1,620,752 |   |   |   | 1,525,938 |   |
|   | Customer      C |   |                         | 1,599,553 |   |   |   | 843,697 |   |
|   | Customer      D |   |                         | 1,593,839 |   |   |   | 1,400,947 |   |
|   | Customer      E |   |                         | 1,260,189 |   |   |   | - |   |
|   | Customer      F |   |                         | 1,110,197 |   |   |   | 1,257,620 |   |
|   | Customer      G |   |                         | 1,030,774 |   |   |   | 1,387,256 |   |
|   |            |   |                         |      |   |   |   |   |   |
|   |            |   | $                            | 9,854,723 |   |   | $ | 8,059,104 |   |

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

|   |            |   | As      of December 31, |      |
|--------|-----------------|--------|-------------------------|-----------|
|   |            |   | 2008                    |      |   | 2007 |   |
|   |            |   |                    |      |   |   |   |
|   | Customer      A |   | $                       | 531,047   |   |   | $ | 403,473 |   |
|   | Customer      B |   |                    | 700,614   |   |   |   | 237,253 |   |
|   | Customer      C |   |                    | 614,022   |   |   |   | 232,038 |   |
|   | Customer      D |   |                    | 569,392   |   |   |   | 304,400 |   |
|   | Customer      E |   |                    | 547,006   |   |   |   | - |   |
|   | Customer      F |   |                    | 730,430   |   |   |   | 494,847 |   |
|   | Customer      G |   |                    | 653,892   |   |   |   | 441,978 |   |
|   |            |   |                    |      |   |   |   |   |   |
|   |            |   | $                       | 4,346,403 |   |   | $ | 2,113,989 |   |

|   | Cash and cashequivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   | Cash      and cash equivalents include all cash, deposits in banks and other highly      liquid investments with initial maturities of three months or less to be      cash equivalents.  As of December 31, 2008 and 2007, almost all      the cash and cash equivalents were denominated in Renminbi (“RMB”) and      were placed with banks in the PRC. They are not freely convertible into      foreign currencies and the remittance of these funds out of the PRC is      subject to exchange control restrictions imposed by the PRC      government. |

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| 2.     | Summary      of significant accounting policies (Cont’d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | Allowance for doubtful    accounts                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | The      Company establishes an allowance for doubtful accounts based on      management’s assessment of the collectibility of trade and other      receivables.  A considerable amount of judgment is required in      assessing the amount of the allowance, the Company considers the      historical level of credit losses and applies percentages to aged      receivable categories.  The Company makes judgments about the      creditworthiness of each customer based on ongoing credit evaluations, and      monitors current economic trends that might impact the level of credit      losses in the future.  If the financial condition of the      customers were to deteriorate, resulting in their inability to make      payments, a larger allowance may be required. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | Based      on the above assessment, during the reporting periods, the management      establishes the following rates of general provision provided on gross      amount of trade and other receivables:-                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |

|   |                                      |   | Rate   |   |
|--------|-------------------------------------------|--------|--------|--------|
|   |                                      |   |   |   |
|   | Aged      within 1/2 year                 |   |   | 0      | % |
|   | Aged      over 1/2 year but within 1 year |   |   | 5      | % |
|   | Aged      over 1 year but within 3 years  |   |   | 20     | % |
|   | More      than 3 years                    |   |   | 100    | % |

|   | Additional      specific provision is made against trade and other receivables aged less      than 1 year to the extent which they are considered to be      doubtful.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | Bad      debts are written off when identified. The Company extends unsecured      credit to customers ranging from three to six months in the normal course      of business. The Company does not accrue interest on trade accounts      receivable.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | No      allowance for doubtful debts was provided for during the years ended      December 31, 2008 and 2007.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | Inventories                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | Inventories      are stated at the lower of cost or market value. Cost is determined on a      weighted-average basis and includes all expenditures incurred in bringing      the goods to the point of sale and putting them in a saleable      condition.  In assessing the ultimate realization of      inventories, the management makes judgments as to future demand      requirements compared to current or committed inventory levels. The      Company’s reserve requirements generally increase with its projected      demand requirements; decrease due to market conditions, product life cycle      changes. During the reporting periods, all of the Company’s products are      saleable with high profit margins, the Company did not make any allowance      for slow-moving or defective inventories. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | No      allowance of obsolete inventories was provided for during the years ended      December 31, 2008 and2007.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |

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| 2.     | Summary      of significant accounting policies (Cont’d)                                                                                                                                                                              |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                        |
|   | Intangible assets                                                                                                                                                                                                                           |
|   |                                                                                                                                                                                                                                        |
|   | Intangible      assets are stated at cost less accumulated      amortization.  Amortization is provided on a straight-line basis      over their estimated useful lives. The principal amortization periods are      as follows:- |

|   |         | Amortization period |   |
|--------|--------------|---------------------|--------|
|   |         |                |   |
|   | Technologies | 5      to 10 years  |   |
|   | Software     | 5      years        |   |

|   | The      Company periodically reviews the original estimated useful lives of      long-lived assets and makes adjustments when appropriate. Intangible      assets with finite useful lives are tested for impairment whenever events      or changes in circumstances indicate that an asset’s carrying amount may      not be recoverable. The Company evaluates its intangible assets for      impairment by comparing the future undiscounted cash flows of the      underlying assets to their respective carrying amounts. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | Property, plant and    equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | Property,      plant and equipment are stated at cost less accumulated      depreciation.  Cost represents the purchase price of the asset      and other costs incurred to bring the asset into its existing      use.                                                                                                                                                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | Depreciation      is provided on straight-line basis over their estimated useful lives. The      principal depreciable periods are as follows:-                                                                                                                                                                                                                                                                                                                                                                                        |

|   |                     | Depreciable period |   |
|--------|--------------------------|--------------------|--------|
|   |                     |               |   |
|   | Buildings                | 20      years      |   |
|   | Plant      and machinery | 10      years      |   |
|   | Office      equipment    | 5      years       |   |
|   | Motor      vehicles      | 5      years       |   |

|   | Construction      in progress represents buildings and machinery under construction, which      is stated at cost less any impairment losses, and is not      depreciated.  Cost comprises the direct costs of      construction.  Construction in progress is reclassified to the      appropriate category of property, plant and equipment when completed and      ready for use. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | Maintenance      or repairs are charged to expense as incurred.  Upon sale or      disposition, the applicable amounts of asset cost and accumulated      depreciation are removed from the accounts and the net amount less      proceeds from disposal is charged or credited toincome.                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | Land use rights                                                                                                                                                                                                                                                                                                                                                                                          |
|   |                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | Land      use rights are stated at cost less accumulated      amortization.  Amortization is provided using the straight-line      method over the terms of the lease of 50 years obtained from the relevant      PRC land authority.                                                                                                                                                          |

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| 2.     | Summary      of significant accounting policies (Cont’d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | Impairment of long-lived    assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | Long-lived      assets are tested for impairment whenever events or changes in      circumstances indicate that the carrying amount of the assets may not be      recoverable.  The Company recognizes impairment of long-lived      assets in the event that the net book values of such assets exceed the      future undiscounted cash flows attributable to such      assets.  During the reporting periods, the Company has not      identified any indicators that would require testing for      impairment. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | Revenue recognition                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | The      Company generates revenue from sales of extracts from tobacco leaves      residues. Revenue is recognized when products are delivered and the      customer takes ownership and assumes risk of loss, collection of the      relevant receivable is probable, persuasive evidence of an arrangement      exists and the sales price is fixed or determinable.                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | Deferred revenue                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | Deferred      revenue represents subsidy income received from the      government.  It mainly consisted of receipt of granted funds to      subsidize the Company’s research and development activities and recognized      as income when the relevant criteria are met.                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | Cost of sales                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | Cost      of sales consists primarily of materials costs, freight charges,      purchasing and receiving costs, inspection costs, wages, employee      compensation, depreciation and related costs, which are directly      attributable to the production of products.                                                                                                                                                                                                                                                                |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | Selling expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | Selling      expenses mainly consist of advertising, commission, entertainment,      salaries, and traveling expense which are incurred during the selling      activities.                                                                                                                                                                                                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | Advertising and research and development      expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | Advertising      and research and development expenses are charged to expense as      incurred.                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | Advertising      expenses amounting to $nil and $527 for the years ended December 31, 2008      and 2007 respectively are included in selling  expenses.                                                                                                                                                                                                                                                                                                                                                                                |

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| 2.     | Summary      of significant accounting policies (Cont’d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | Stock-based compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | The      Company follows the provisions of SFAS No. 123R, “Share-Based Payment”,      which requires the use of the fair value method of accounting for      share-based compensation. Under the fair value based method, compensation      cost related to employee stock options or similar equity instruments which      are equity-classified awards, is measured at the grant date based on the      value of the award and is recognized over the requisite service period,      which is usually the vesting period. SFAS 123R also requires measurement      of cost of a liability-classified award based on its current fair      value.                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | The      fair value of warrants granted is determined using the Black-Scholes      model. Under this model, certain assumptions, including the risk-free      interest rate, the expected life of the warrants and the estimated fair      value of the Company’s common stock and the expected volatility, are      required to determine the fair value of the warrants. If different      assumptions had been used, the fair value of the warrants would have been      different from the amount the Company computed and recorded, which would      have resulted in either an increase or decrease in the compensation      expense.                                                                                                          |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | Income taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | The      Company uses the asset and liability method of accounting for income taxes      pursuant to SFAS No. 109, “Accounting for Income Taxes”.  Under      the asset and liability method of SFAS 109, deferred tax assets and      liabilities are recognized for the future tax consequences attributable to      temporary differences between the financial statements carrying amounts of      existing assets and liabilities and loss carryforwards and their      respective tax bases.  Deferred tax assets and liabilities are      measured using enacted tax rates expected to apply to taxable income in      the years in which those temporary differences are expected to be      recovered or settled. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | Off-balance sheet    arrangements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | The      Company does not have any off-balance sheet  arrangements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | Basic and diluted earnings per      share                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | The      Company reports basic earnings per share in accordance with SFAS No. 128,      “Earnings Per Share”.  Basic earnings per share is computed      using the weighted average number of shares outstanding during the periods      presented.  The weighted average number of shares of the Company      represents the common stock outstanding during the reporting      periods.                                                                                                                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | Diluted      earnings per share are computed using the sum of weighted average number      of shares outstanding and dilutive potential shares outstanding during the      periods presented. During the year ended December 31, 2008, dilutive      potential shares included warrants issued to consultants.  There      were no dilutive potential shares during the year ended December 31,      2007.                                                                                                                                                                                                                                                                                                                                       |

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| 2.     | Summary      of significant accounting policies (Cont’d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | Comprehensive income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | The      Company has adopted SFAS No. 130, “Reporting Comprehensive Income”, which      establishes standards for reporting and display of comprehensive income,      its components and accumulated balances.  Components of      comprehensive income include net income and foreign currency translation      adjustments.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | Foreign currency  translation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | The      functional currency of the Company is Renminbi (“RMB”) and RMB is not      freely convertible into foreign currencies.  The Company      maintains its financial statements in the functional      currency.  Monetary assets and liabilities denominated in      currencies other than the functional currency are translated into the      functional currency at rates of exchange prevailing at the balance sheet      dates.  Transactions denominated in currencies other than the      functional currency are translated into the functional currency at the      exchanges rates prevailing at the dates of the      transactions.  Exchange gains or losses arising from foreign      currency transactions are included in the determination of net income/loss      for the respective periods.                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | For      financial reporting purposes, the financial statements of the Company      which are prepared using the functional currency have been translated into      United States dollars.  Assets and liabilities are translated at      the exchange rates at the balance sheet dates and revenue and expenses are      translated at the average exchange rates and stockholders’ equity is      translated at historical exchange rates.  Any translation      adjustments resulting are not included in determining net income but are      included in accumulated other comprehensive income, a component of      stockholders’ equity.  The exchange rates in effect as of      December 31, 2008 and 2007 were RMB 1 for $0.1467 and $0.1371      respectively.  There was no significant fluctuation in exchange      rate for the conversion of RMB to United States dollars after the balance      sheet date.                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | Fair value of financial      instruments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | In      September 2006, the FASB issued SFAS No. 157, “Fair Value      Measurements”.  SFAS 157 defines fair value, establishes a      framework for measuring fair value and expands disclosures about fair      value measurements.  SFAS 157 applies under other accounting      pronouncements that require or permit fair value measurements, and      accordingly, does not require any new fair value      measurements.  Subsequently, the FASB issued FSP FAS 157-2 which      delayed the effective date of SFAS 157 for all nonfinancial assets and      nonfinancial liabilities, except those that are recognized or disclosed at      fair value in the financial statements on a recurring basis (at least      annually) to fiscal years beginning after November 15, 2008. The Company      adopted SFAS 157 on January 1, 2008. The adoption of SFAS 157 did not      impact the Company’s financial position, results of operations or cash      flows. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | The      Company considers the carrying values reported in the consolidated balance      sheet for current assets and current liabilities qualifying as financial      instruments approximate their fair values due to the short-term maturity      of such instruments.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |

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| 2.     | Summary      of significant accounting policies (Cont’d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | Recently issued accounting      pronouncements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | In      February 2007, the FASB issued SFAS No. 159, “The Fair Value Option      for Financial Assets and Financial Liabilities - Including an Amendment of      FASB Statement No. 115”.  SFAS 159 permits entities to      choose to measure many financial instruments and certain other items at      fair value.  Entities that elect the fair value option will      report unrealized gains and losses in earnings at each subsequent      reporting date.  The fair value option may be elected on an      instrument-by-instrument basis, with few exceptions.  SFAS 159      also establishes presentation and disclosure requirements to facilitate      comparisons between companies that choose different measurement attributes      for similar assets and liabilities.  The requirements of SFAS      159 are effective for the Company’s fiscal year beginning January 1,      2008.  The Company did not elect the fair value option described      in SFAS 159 for financial instruments and certain other    items. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | 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.  The guidance will      become effective for the fiscal year beginning after December 15,      2008.  The management is in the process of evaluating the impact      that SFAS 141 (Revised) will have on the Company’s financial statements      upon adoption.                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | 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.  The guidance will become effective for the fiscal year      beginning after December 15, 2008.  The management is in the      process of evaluating the impact that SFAS 160 will have on the Company’s      financial statements upon adoption.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | 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 management is in the process of      evaluating the impact that SFAS 161 will have on the Company’s financial      statements upon adoption.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | In      May 2008, the FASB issued SFAS No. 162, “The Hierarchy of Generally      Accepted Accounting Principles”.  This statement identifies the      sources of accounting principles and the framework for selecting the      principles to be used in the preparation of financial statements of      nongovernmental entities that are presented in conformity with U.S.      GAAP.  SFAS 162 is effective on November 15,      2008.  The adoption of the statement did not result in a change      in the Company’s currentpractices.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |

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| 3.     | Finance      costs       |   | Year      ended December 31, |    |
|--------|--------------------------|--------|------------------------------|---------|
|   |                     |   | 2008                         |    |   | 2007 |   |
|   |                     |   |                         |    |   |   |   |
|   | Bank      loan interest  |   | $                            | 7,592   |   |   | $ | 8,907 |   |
|   | Other      loan interest |   |                         | 143,790 |   |   |   | 131,341 |   |
|   | Bank      charges        |   |                         | 432     |   |   |   | 108 |   |
|   |                     |   |                         |    |   |   |   |   |   |
|   |                     |   | $                            | 151,814 |   |   | $ | 140,356 |   |

|   | During      the years ended December 31, 2008 and 2007, loan interest expenses paid to      a related company were $37,840 and $34,563respectively.                                                                                                                                                                                                                                                                                                                                      |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 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.                                                                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | BVI                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | Elevated      Throne was incorporated in the BVI and, under the current laws of the BVI,      is not subject to income taxes.                                                                                                                                                                                                                                                                                                                                                            |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | 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 (“EIT”) at the rate of      25% on their assessable profits in year 2008.                                                                                                                                                                                                                                                 |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | In      2007, Sanming Huajian was subject to PRC EIT at the rate of      33%.                                                                                                                                                                                                                                                                                                                                                                                                            |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | The      components of the provision for income taxes  are:-                                                                                                                                                                                                                                                                                                                                                                                                                             |

|   |                     |   | Year      ended December 31, |      |
|--------|--------------------------|--------|------------------------------|-----------|
|   |                     |   | 2008                         |      |   | 2007 |   |
|   |                     |   |                         |      |   |   |   |
|   | Current      taxes - PRC |   | $                            | 1,206,713 |   |   | $ | 1,299,966 |   |
|   | Deferred      taxes      |   |                         | 16,206    |   |   |   | 2,860 |   |
|   |                     |   |                         |      |   |   |   |   |   |
|   |                     |   | $                            | 1,222,919 |   |   | $ | 1,302,826 |   |

----

| 4.     | Income      taxes (Cont’d)                                                                                                     |
|--------|--------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                 |
|   | The      effective income tax expense differs from the PRC statutory income tax      rate of 25% (2007: 33%) in the PRC as follows:- |

|   |                                                   |   | Year      ended December 31, |      |
|--------|--------------------------------------------------------|--------|------------------------------|-----------|
|   |                                                   |   | 2008                         |      |   | 2007 |   |
|   |                                                   |   |                         |      |   |   |   |
|   | Income      before income taxes                        |   | $                            | 4,573,218 |   |   | $ | 3,992,484 |   |
|   |                                                   |   |                         |      |   |   |   |   |   |
|   | Provision      for income taxes at PRC EIT rate of 25% |   |                         |      |   |   |   |   |   |
|   |   (2007:      33%)                           |   | $                            | 1,143,305 |   |   | $ | 1,317,520 |   |
|   | Items      not deductible for tax purpose              |   |                         | 79,614    |   |   |   | - |   |
|   | Items      not taxable for tax purpose                 |   |                         | -         |   |   |   | (6,081 | ) |
|   | Tax      rate change                                   |   |                         | -         |   |   |   | (8,613 | ) |
|   |                                                   |   |                         |      |   |   |   |   |   |
|   | Income      tax expense                                |   | $                            | 1,222,919 |   |   | $ | 1,302,826 |   |

|   | In      June 2006, the FASB issued Interpretation No. 48, “Accounting for      Uncertainty in Income Taxes”. This interpretation requires recognition and      measurement of uncertain income tax positions using a      “more-likely-than-not” approach.  The Company adopted FIN 48 on      January 1, 2007. The management evaluated the Company’s tax positions and      considered that no additional provision for uncertainty in income taxes      was necessary as of December 31, 2008. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   | Deferred      tax assets as of December 31, 2008 and 2007 composed of the following      :-                                                                                                                                                                                                                                                                                                                                                                                                                                               |

|   |                                               |   | As      of December 31, |   |
|--------|----------------------------------------------------|--------|-------------------------|--------|
|   | The      PRC                                       |   | 2008                    |   |   | 2007 |   |
|   | Current deferred tax assets      :                 |   |                    |   |   |   |   |
|   | Decelerated amortization of      land use rights   |   | $                       | 2,608  |   |   | $ | 1,494 |   |
|   | Decelerated amortization of      intangible assets |   |                    | 2,200  |   |   |   | 4,776 |   |
|   | Provision of      expenses                         |   |                    | 26,835 |   |   |   | 16,310 |   |
|   |                                               |   |                    |   |   |   |   |   |   |
|   |                                               |   | $                       | 31,643 |   |   | $ | 22,580 | ) |
|   |                                               |   |                    |   |   |   |   |   |   |
|   | Non-current deferred tax assets      :             |   |                    |   |   |   |   |   |   |
|   | Accelerated amortization of      intangible assets |   | $                       | (4,951 | ) |   | $ | 8,591 |   |
|   | Provision of      expenses                         |   |                    | 13,928 |   |   |   | 22,204 |   |
|   |                                               |   |                    |   |   |   |   |   |   |
|   |                                               |   | $                       | 8,977  |   |   | $ | 30,795 |   |

----

| 5.     | Earnings      per share                                                                                                                                                                                                                                                                                                                                                                                                        |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   | The      basic 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 year ended December 31, 2008 is based      on the net income of the year and the weighted average number of shares of      15,220,563 outstanding during the year after adjusting for the number of      1,026,732 dilutive potential ordinary shares.  The number of      5,578,333 share warrants granted to several consultants are included in      the calculation. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   | There      was no dilutive instrument outstanding during the year ended December 31,      2007.  According the basic and diluted earnings per share are      the same.                                                                                                                                                                                                                                               |

| 6.     | Inventories         |   | As      of December 31, |    |
|--------|---------------------|--------|-------------------------|---------|
|   |                |   | 2008                    |    |   | 2007 |   |
|   |                |   |                    |    |   |   |   |
|   | Raw      materials  |   | $                       | 101,280 |   |   | $ | 333,945 |   |
|   | Work-in-progress    |   |                    | 294,798 |   |   |   | 301,417 |   |
|   | Finished      goods |   |                    | 35,491  |   |   |   | 32,370 |   |
|   |                |   |                    |    |   |   |   |   |   |
|   |                |   | $                       | 431,569 |   |   | $ | 667,732 |   |

| 7.     | Intangible      assets        |   | As      of December 31, |     |
|--------|-------------------------------|--------|-------------------------|----------|
|   |                          |   | 2008                    |     |   | 2007 |   |
|   |                          |   |                    |     |   |   |   |
|   | Technologies      - Note 7(a) |   | $                       | 286,065  |   |   | $ | 185,085 |   |
|   | Software                      |   |                    | 3,183    |   |   |   | 2,975 |   |
|   |                          |   |                    |     |   |   |   |   |   |
|   |                          |   |                    | 289,248  |   |   |   | 188,060 |   |
|   | Accumulated      amortization |   |                    | (130,089 | ) |   |   | (83,964 | ) |
|   |                          |   |                    |     |   |   |   |   |   |
|   | Net                           |   | $                       | 159,159  |   |   | $ | 104,096 |   |

|   | Notes      :- |
|--------|---------------|
|   |          |   |
|   | (a)           | The      technologies were purchased from third parties for producing products,      Solanesol and Organic Green Barley Supplements (Paiqianshu). The      application of related patent is in process and has been initially      accepted by the relevant government department. |
|   |          |   |
|   | (b)           | During      the years ended December 31, 2008 and 2007, amortization charge amounted      to $39,546 and $34,147respectively. |

----

| 7.     | Intangible      assets (Cont’d) |
|--------|---------------------------------------|
|   |                                  |   |
|   | (c)                                   | The      estimated aggregate amortization charge of intangible assets for the five      succeeding years is as follows:- |

|   | Year   |   |   |    |
|--------|--------|--------|--------|---------|
|   |   |   |   |    |
|   | 2009   |   | $      | 46,847  |   |
|   | 2010   |   |   | 32,177  |   |
|   | 2011   |   |   | 11,003  |   |
|   | 2012   |   |   | 11,003  |   |
|   | 2013   |   |   | 11,003  |   |
|   |   |   |   |    |   |
|   |   |   | $      | 112,033 |   |

| 8.     | Property,      plant and equipment        |   | As      of December 31, |      |
|--------|-------------------------------------------|--------|-------------------------|-----------|
|   |                                      |   | 2008                    |      |   | 2007 |   |
|   |                                      |   |                    |      |   |   |   |
|   | Buildings      - Note 8(a)                |   | $                       | 1,928,892 |   |   | $ | 1,802,666 |   |
|   | Plant      and machinery                  |   |                    | 860,407   |   |   |   | 804,102 |   |
|   | Office      equipment                     |   |                    | 97,514    |   |   |   | 91,132 |   |
|   | Motor      vehicles                       |   |                    | 92,851    |   |   |   | 86,776 |   |
|   |                                      |   |                    |      |   |   |   |   |   |
|   |                                      |   |                    | 2,979,664 |   |   |   | 2,784,676 |   |
|   | Accumulated      depreciation             |   |                    | (546,505  | ) |   |   | (314,254 | ) |
|   |                                      |   |                    |      |   |   |   |   |   |
|   |                                      |   |                    | 2,433,159 |   |   |   | 2,470,422 |   |
|   | Construction      in progress - Note 8(b) |   |                    | 710,908   |   |   |   | 662,879 |   |
|   |                                      |   |                    |      |   |   |   |   |   |
|   | Net                                       |   | $                       | 3,144,067 |   |   | $ | 3,133,301 |   |

|   | Notes:- |
|--------|---------|
|   |    |   |
|   | (a)     | Property      certificates of buildings with carrying amount of $1,697,425 as      of December 31, 2008 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 expenditures for construction of the      Company’s new office andmachinery. |

----

| 8.     | Property,      plant and equipment (Cont’d) |
|--------|---------------------------------------------------|
|   |                                              |   |
|   | Notes      :-                                     |
|   |                                              |   |
|   | (c)                                               | During      the reporting periods, depreciation is included  in:- |

|   |                         |   | Year      ended December 31, |    |
|--------|------------------------------|--------|------------------------------|---------|
|   |                         |   | 2008                         |    |   | 2007 |   |
|   |                         |   |                         |    |   |   |   |
|   | Cost      of sales           |   | $                            | 116,137 |   |   | $ | 106,052 |   |
|   | Administrative      expenses |   |                         | 90,455  |   |   |   | 81,667 |   |
|   |                         |   |                         |    |   |   |   |   |   |
|   |                         |   | $                            | 206,592 |   |   | $ | 187,719 |   |

| 9.     | Land use    rights            |   | As of December      31, |      |
|--------|-------------------------------|--------|-------------------------|-----------|
|   |                          |   | 2008                    |      |   | 2007 |   |
|   |                          |   |                    |      |   |   |   |
|   | Land use rights               |   | $                       | 7,901,606 |   |   | $ | 7,384,528 |   |
|   | Accumulated      amortization |   |                    | (60,392   | ) |   |   | (34,592 | ) |
|   |                          |   |                    |      |   |   |   |   |   |
|   |                          |   | $                       | 7,841,214 |   |   | $ | 7,349,936 |   |

|   | The      carrying amount of land use rights as of December 31, 2008 comprised three      land use rights, which were acquired for building factories and offices,      with carrying amounts of $966,502, $97,172 and $6,777,540 respectively.      The legal title of the second and third land use rights with carrying      amount of $6,874,712 has not yet been transferred to the      Company.  The application of legal title is in process and the      management expects there will be no legal hindrance in obtaining the legal      titles and no extra cost will be incurred. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   | The      land use right with carrying amount of $6,777,540 has not been used      and developed.  Accordingly, no amortization was provided for      the reporting periods.                                                                                                                                                                                                                                                                                                                                                                                                            |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   | During      the years ended December 31, 2008 and 2007, amortization      charge amounted to $22,971 and $20,982 respectively and was included      in administrative expenses.                                                                                                                                                                                                                                                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   | The      estimated amortization charge of land use rights for the five succeeding      years is as follows :-                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |

|   | Year   |   |   |    |
|--------|--------|--------|--------|---------|
|   |   |   |   |    |
|   | 2009   |   | $      | 81,905  |   |
|   | 2010   |   |   | 163,845 |   |
|   | 2011   |   |   | 163,845 |   |
|   | 2012   |   |   | 163,845 |   |
|   | 2013   |   |   | 163,845 |   |
|   |   |   |   |    |   |
|   |   |   | $      | 737,285 |   |

----

| 10.    | Other      payables and accrued expenses                        |   | As      of December 31, |      |
|--------|-----------------------------------------------------------------|--------|-------------------------|-----------|
|   |                                                            |   | 2008                    |      |   | 2007 |   |
|   |                                                            |   |                    |      |   |   |   |
|   | Rental      payable                                             |   | $                       | 1,834     |   |   | $ | 1,542 |   |
|   | Salaries      payable                                           |   |                    | 59,497    |   |   |   | 60,219 |   |
|   | Other      accrued expenses                                     |   |                    | 61,707    |   |   |   | 201,394 |   |
|   | Value-added      tax payable                                    |   |                    | 134,078   |   |   |   | 178,956 |   |
|   | Land      use rights payable - Note 10(a)                       |   |                    | 1,004,895 |   |   |   | 939,135 |   |
|   | Other      payables                                             |   |                    | -         |   |   |   | 2,861 |   |
|   |                                                            |   |                    |      |   |   |   |   |   |
|   | Total                                                           |   | $                       | 1,262,011 |   |   | $ | 1,384,107 |   |
|   |                                                            |   |                    |      |   |   |   |   |   |
|   | Current      portion                                            |   | $                       | 1,262,011 |   |   | $ | 499,812 |   |
|   | Non      current portion : Land use rights payable - Note 10(a) |   |                    | -         |   |   |   | 884,295 |   |
|   |                                                            |   |                    |      |   |   |   |   |   |
|   |                                                            |   | $                       | 1,262,011 |   |   | $ | 1,384,107 |   |

|   | 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 a related party                                                                                                                                                                      |
|   |                                                                                                                                                                                                |   |
|   | The      loan from a related company was interest-bearing at 7.5% per annum and      unsecured.  The Company fully repaid the loan during the fiscal      year 2008.                      |
|   |                                                                                                                                                                                                |   |
| 13.    | Short-term      other loans                                                                                                                                                                         |
|   |                                                                                                                                                                                                |   |
|   | These      other loans were borrowed from third parties and unsecured, and bore      interest at fixed rate of 7.5% per annum. The Company fully repaid the      loans during the fiscal year 2008. |
|   |                                                                                                                                                                                                |   |
| 14.    | Loan      from government                                                                                                                                                                           |
|   |                                                                                                                                                                                                |   |
|   | The      government loan is designated for a research project, and is      interest-free, unsecured and repayable within one  year.                                                                 |

----

| 15.    | Common      stock                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | On      October 20, 2008, the Company issued 140,000 shares of its common stock to      an unrelated investor at $1 per share for an aggregate cash inflow of      $140,000.                                                                                                                                                                                                                                                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | On      October 31, 2008, the Company issued 50,000 shares of its common stock to      two consultants in return for services rendered. The valuation of common      stock issued for services was based upon value of the services rendered of      $12,500.                                                                                                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 16.    | 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. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 17.    | Stock-based      compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | During      the year ended December 31, 2008, the Company recognized total stock-based      compensation of $182,239 in connection with common stocks issued (Note 15)      and warrants granted to several consultants to reward for      services.                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | The      Company granted certain consultants warrants to purchase in aggregate      5,578,333 shares of its common stock during the fiscal 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 expire in 5 years from the respective dates 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% and expected life of 5 years. The Company recognized a      charge of $169,739 in the consolidated statement of income and      comprehensive income during the year in relation to these      warrants.                                 |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | The      warrants were not exercised after the respective dates of grant and      remained outstanding as of December 31, 2008.                                                                                                                                                                                                                                                                                                                                                                                    |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | There      were no estimated forfeitures as the warrants were fully vested on the      time of grant.  SFAS 123R requires forfeitures to be estimated      at the time of grant and revised in subsequent periods, if necessary, if      actual forfeitures differ from thoseestimates.                                                                                                                                                                                                                  |

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| 18.    | 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 consolidated statements of income and comprehensive      income. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|   | The      Company contributed $45,323 and $41,144 for the years ended December 31,      2008 and 2007 respectively.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
| 19.    | Commitments      and contingencies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|   | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Capital      commitments |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | As      of December 31, 2008, the Company had capital commitments contracted but      not provided for in the consolidated financial statements in respect of      the followings:- |

|   |                                    |   | As      of December 31, |    |
|--------|-----------------------------------------|--------|-------------------------|---------|
|   |                                    |   | 2008                    |    |   | 2007 |   |
|   |                                    |   |                    |    |   |   |   |
|   | Acquisition      of plant and machinery |   | $                       | 53,545  |   |   | $ | 50,042 |   |
|   | Acquisition      of intangible assets   |   |                    | 161,370 |   |   |   | - |   |
|   |                                    |   |                    |    |   |   |   |   |   |
|   |                                    |   | $                       | 214,915 |   |   | $ | 50,042 |   |

|   | (b)    | Operating      lease arrangements                                                                                                                                                                         |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                      |
|   |   | As      of December 31, 2008, the Company had two non-cancelable operating leases      for its office premises.  The leases will expire in 2010 and the      expected payments are as follows:- |

|   | Year   |   | As      of December 31, |   |
|--------|--------|--------|-------------------------|--------|
|   |   |   | 2008                    |   |   | 2007 |   |
|   |   |   |                    |   |   |   |   |
|   | 2008   |   | $                       | -      |   |   | $ | 10,865 |   |
|   | 2009   |   |                    | 12,506 |   |   |   | 11,688 |   |
|   | 2010   |   |                    | 10,306 |   |   |   | 9,631 |   |
|   |   |   |                    |   |   |   |   |   |   |
|   |   |   | $                       | 22,812 |   |   | $ | 32,184 |   |

|   |   | The      rental expense relating to the operating leases was $11,424 and $4,641 for      the years ended December 31, 2008 and 2007  respectively. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------|

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| 20.    | 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.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 21.    | Related      party transactions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | Apart      from the transactions as disclosed in notes 3, 11 and 12 to the      consolidated financial statements, during the years ended December 31,      2008 and 2007, the Company entered into the following transaction with a      related company, in which a stockholder, who is also the director of the      Company, has a beneficial interest:-                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |

|   |                 |   | Year      ended December 31, |   |
|--------|----------------------|--------|------------------------------|--------|
|   |                 |   | 2008                         |   |   | 2007 |   |
|   |                 |   |                         |   |   |   |   |
|   | Rental      expenses |   | $                            | 3,460  |   |   | $ | 3,160 |   |