| Nevada                                                                  | 333-141327                  | 26-0162321                                    |
|-------------------------------------------------------------------------|-----------------------------|-----------------------------------------------|
| (State      or other jurisdictionof      incorporation or organization) | Commission      File Number | (I.R.S.      EmployerIdentification      No.) |

Check whether the issuer (1) filed all reports required to be filed bySection 13 or 15(d) of the Exchange Act during the past 12 months (or for suchshorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for at least the past 90 days. YES[x] NO [  ]

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|                |                                                                                                                       | Page   |
|---------------------|----------------------------------------------------------------------------------------------------------------------------|--------|
| Part      I         |                                                                                                                       |
|                |                                                                                                                       |   |
| ITEMS      1 AND 2. | DESCRIPTION      OF BUSINESS AND PROPERTIES                                                                                | 3      |
|                |                                                                                                                       |   |
| ITEM      3.        | LEGAL      PROCEEDINGS                                                                                                     | 19     |
|                |                                                                                                                       |   |
| ITEM      4.        | SUBMISSION      OF MATTERS TO A VOTE OF SECURITY HOLDERS                                                                   | 19     |
|                |                                                                                                                       |   |
| Part      II        |                                                                                                                       |
|                |                                                                                                                       |   |
| ITEM      5.        | MARKET      FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS                                                              | 20     |
|                |                                                                                                                       |   |
| ITEM      6.        | MANAGEMENT'S      DISCUSSION AND ANALYSIS OR PLAN OF OPERATION                                                             | 21     |
|                |                                                                                                                       |   |
| ITEM      7.        | FINANCIAL      STATEMENTS                                                                                                  | F-1    |
|                |                                                                                                                       |   |
| ITEM      8.        | CHANGES      IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL      DISCLOSURE                             | 26     |
|                |                                                                                                                       |   |
| ITEM      8A.       | CONTROLS      AND PROCEDURES                                                                                               | 26     |
|                |                                                                                                                       |   |
| ITEM      8B.       | OTHER      INFORMATION                                                                                                     | 27     |
|                |                                                                                                                       |   |
| Part      III       |                                                                                                                       |
|                |                                                                                                                       |   |
| ITEM      9.        | DIRECTORS,      EXECUTIVE OFFICERS, PROMOTERS, CONTROL PERSONS AND CORPORATE GOVERANCE;      COMPLIANCE WITH SECTION 16(a) | 27     |
|                |                                                                                                                       |   |
| ITEM      10.       | EXECUTIVE      COMPENSATION                                                                                                | 28     |
|                |                                                                                                                       |   |
| ITEM      11.       | SECURITY      OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED      STOCKHOLDER MATTERS                   | 28     |
|                |                                                                                                                       |   |
| ITEM      12.       | CERTAIN      RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR      INDEPENDENCE                                         | 29     |
|                |                                                                                                                       |   |
| ITEM      13.       | EXHIBITS                                                                                                                   | 29     |
|                |                                                                                                                       |   |
| ITEM      14.       | PRINCIPAL      ACCOUNTANT FEES AND SERVICES                                                                                | 30     |

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ITEMS 1 AND 2. DESCRIPTION OF BUSINESSAND PROPERTIES

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|   | · | Strong      Market Position. We are a leading manufacturer of fertilizer      additive products in China. |
|--------|--------|-----------------------------------------------------------------------------------------------------------|

|   | · | Recognized      and Certified Product Offerings. Our AM/HM brand of fertilizer      products have been certified by the PRC government at the provincial level      which is an endorsement of the effectiveness of the products in all      regions of China. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Broad      Customer Base.    We developed a diversified      customer base of farmers and retailers located throughout China and are      not dependent on, or heavily concentrated in, any single customer or      customer base. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 1.   | AM/HMTM      bacteria based additives for crops. |
|----------------|-------------------------------------------------------|

|   | These      bacterial blends, composed of the Company’s proprietary and specially      cultivated strain solution, Bulgaria lactobacillus, beer microzyme, and      dark red spirilla, among other ingredients, can, in the opinion of      management, substantially increase the beneficial microorganism colonies      in soil, while inhibiting the reproduction of harmful fungi and      putrefactive bacteria, and are intended to improve nutrient absorption,      and reduce crop and livestock diseases. Management believes that the      metabolites and mycelia generated by the above beneficial bacterial blends      can also help decompose residual pesticide and other accumulated toxic      matters, while increasing the organic nutrient content in soil and feed      and thereby lead to higher meat and cropyields. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | AM/HMTM      bacteria based additives for livestockfeed. |
|----------------|---------------------------------------------------------------|

|   | These      bacterial blends are intended to soften the livestock feed and restrain      the growth and reproduction of pathogenic bacteria, while supplying      beneficial nutriments such as organic acid, vitamins, enzyme, antibiotics,      mycelium protein, as well as other growth-enhancing substances, thereby      balancing the nutrients in thefeed. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | FGWTM      bacterial based preservatives. |
|----------------|------------------------------------------------|

|   | These      preservatives when applied to animal specimens, the nontoxic, colorless,      and side-effect free liquid helps preserve superior quality specimens for      scientific research. When sprayed on agricultural produce, it can preserve      the freshness under normal atmospheric and temperature      conditions. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | Bacteria      based fertilizer. |
|----------------|---------------------------------|

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Manufacturing Plants

| Department                         |   | Headcount |   |
|------------------------------------|--------|-----------|--------|
| Management      and Administrative |   |      | 77     |   |
| Sales      and Marketing           |   |      | 157    |   |
| Production                         |   |      | 438    |   |
| Research      and Development      |   |      | 17     |   |
|                               |   |      |   |   |
| Total                              |   |      | 689    |   |
|                               |   |      |   |   |
|                               |   |      |   |   |
|                               |   |      |   |   |
|                               |   |      |   |   |

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----

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The Company is the proprietary owner of twonational patents: “A preparation method for preservative used for animalspecimens” (patent No. ZL 88105221.3) and “A manufacturing method for Sheep'splacental extract” (patent No. ZL 03134402.X). The Company is also expectingapproval of a third national patent for “A preparation method for special yield-and quality-enhancing bacterial blends” (application No. 2005100857129). TheCompany is the proprietary owner of two trademarks: DSTM(trademark No. 1684077) and Lüshen BiotechTM(trademark No. 1969521).  No assurance is given that these patentswill provide meaningful protection to the Company in the event of anyinfringement or alleged infringement or that a court will not find that thesepatents infringe upon any patents held by others.

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|   | · | the      higher level of governmentinvolvement; |
|--------|--------|-------------------------------------------------|

|   | · | the      early stage of development of the market-oriented sector of the      economy; |
|--------|--------|----------------------------------------------------------------------------------------|

|   | · | the      rapid growth rate; |
|--------|--------|-----------------------------|

|   | · | the      higher level of control over foreign exchange;  and |
|--------|--------|--------------------------------------------------------------|

|   | · | the      allocation of resources. |
|--------|--------|-----------------------------------|

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----

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|   | · | actual      or anticipated fluctuations in our quarterly operating      results; |
|--------|--------|----------------------------------------------------------------------------------|

|   | · | announcements      of new products by us or ourcompetitors; |
|--------|--------|-------------------------------------------------------------|

|   | · | changes      in financial estimates by securitiesanalysts; |
|--------|--------|------------------------------------------------------------|

|   | · | conditions      in the fertilizer market; |
|--------|--------|-------------------------------------------|

|   | · | changes      in the economic performance or market valuations of other companies      involved in fertilizer production; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------|

|   | · | announcements      by our competitors of significantacquisitions; |
|--------|--------|-------------------------------------------------------------------|

|   | · | additions      or departures of key personnel; and |
|--------|--------|----------------------------------------------------|

|   | · | potential      litigation. |
|--------|--------|----------------------------|

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ITEM 3. LEGAL PROCEEDINGS

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITYHOLDERS

----

| Period                                 |   | High |   |   | Low    |   |
|----------------------------------------|--------|------|--------|--------|--------|--------|
| Quarter      Ended March 31, 2008 |   | $    | 2.10   |   |   | $      | 1.85 |   |
| Quarter      Ended June 30, 2008       |   | $    | 2.20   |   |   | $      | 0.50 |   |
| Quarter      Ended September 30, 2008  |   | $    | 1.95   |   |   | $      | 1.50 |   |

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ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OFOPERATION

----

----

|                                       |   | Net      Sales in USD |      |   | Percentage      of Total |   |    | Net      Sales in USD |   |    | Percentage      of Total |   |
|--------------------------------------------|--------|-----------------------|-----------|--------|--------------------------|--------|---------|-----------------------|--------|---------|--------------------------|--------|
| Total      Revenue                         |   |  $               | 9,961,792 |   |                     |   | 100     | %                     |   |  $ | 16,294,163               |   |   |   | 100 | % |
| Product      line                          |   |                  |      |   |                     |   |    |                  |   |    |                     |   |   |   |   |   |
| AM/HMTM      Crop additives           |   |  $               | 6,552,408 |   |                     |   | 65.8    | %                     |   |  $ | 9,386,241                |   |   |   | 57.6 | % |
| AM/HMTM      Livestock feed additives |   |  $               | 3,082,501 |   |                     |   | 30.9    | %                     |   |  $ | 5,467,691                |   |   |   | 33.6 | % |
| FGWTM      Preservatives              |   |  $               | 326,883   |   |                     |   | 3.3     | %                     |   |  $ | 331,683                  |   |   |   | 2.0 | % |
| AM/HMTM      Fertilizer               |   |                  | -         |   |                     |   | 0  | %                |   |  $ | 1,108,548                |   |   |   | 6.8 | % |
|  Region                               |   |                  |      |   |                     |   |    |                  |   |    |                     |   |   |   |   |   |
| Northwest                                  |   |  $               | 2,859,034 |   |                     |   | 28.7    | %                     |   |  $ | 6,102,568                |   |   |   | 37.4 | % |
| Southwest                                  |   |  $               | 268,968   |   |                     |   | 2.7     | %                     |   |  $ | 328,367                  |   |   |   | 2.1 | % |
| Northern                                   |   |  $               | 488,127   |   |                     |   | 4.9     | %                     |   |  $ | 1,392,698                |   |   |   | 8.5 | % |
| Northeast                                  |   |  $               | 159,388   |   |                     |   | 1.6     | %                     |   |  $ | 433,193                  |   |   |   | 2.7 | % |
| Central                                    |   |  $               | 308,815   |   |                     |   | 3.1     | %                     |   |  $ | 460,283                  |   |   |   | 2.8 | % |
| Eastern                                    |   |  $               | 458,242   |   |                     |   | 4.6     | %                     |   |  $ | 1,186,533                |   |   |   | 7.3 | % |
| South                                      |   |  $               | 5,419,218 |   |                     |   | 54.4    | %                     |   |  $ | 6,390,521                |   |   |   | 39.2 | % |
|  Subsidiary                           |   |                  |      |   |                     |   |    |                  |   |    |                     |   |   |   |   |   |
| Hainan      Lüshen                    |   |  $               | 5,130,322 |   |                     |   | 51.5    | %                     |   |  $ | 6,566,549                |   |   |   | 40.3 | % |
| Yangling      Elemiss                      |   |  $               | 2,669,760 |   |                     |   | 26.8    | %                     |   |  $ | 3,666,183                |   |   |   | 22.5 | % |
| Gansu      Dasheng                         |   |  $               | 2,161,710 |   |                     |   | 21.7    | %                     |   |  $ | 6,061,431                |   |   |   | 37.2 | % |
|                                       |   |                  |      |   |                     |   |    |                  |   |    |                     |   |   |   |   |   |

----

----

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| Reports      of Independent Registered Public Accounting Firms                                                        | F-1                |
|-----------------------------------------------------------------------------------------------------------------------|--------------------|
|                                                                                                                  |               |
| Consolidated      Balance Sheets as of June 30, 2008 and June 30, 2007                                                | F-3                |
|                                                                                                                  |               |
| Consolidated      Statements of Operation for the years ended June 30, 2008 and      2007                             | F-4                |
|                                                                                                                  |               |
| Consolidated      Statements of Changes in Stockholders’ Equity for the years ended June 30,      2008 and 2007 | F-5                |
|                                                                                                                  |               |
| Consolidated      Statements of Cash Flows for the years ended June 30, 2008 and      2007                            | F-6                |
|                                                                                                                  |               |
| Notes      to Consolidated Financial Statements                                                                  |   F7-F21 |

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| CHINA      DASHENG BIOTECHNOLOGY COMPANY                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (FORMERLY      NAMED AS MAX NUTRITION INC.)                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |
|                                                        CONSOLIDATED BALANCE SHEETS                                                                                                  |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |
|                                                                        AS OF JUNE 30, 2008 and 2007 |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   | 2008 |   |   | 2007 |
| ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|  Current      assets:                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     | Cash      & cash equivalents                                                                               |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |  $                         1,561,403 |   |   |  $                                         1,316,569 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     | Accounts      receivable,net of allowance for doubtful accounts of                                             |           3,244,476                                                                                                                       |                                                                                                                                                        |                                                                                                                              |                     3,180,325                                                                                                                                         |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     | of  $16,303  and      $243,398 respectively                                                |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     | Inventories                                                                                                    |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |             561,883 |   |   |                       833,436 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     | Advances      to supplier                                                                                      |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |           1,486,379 |   |   |                       198,515 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     | Due      from related parties                                                                                  |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |           1,580,820 |   |   |                     1,757,325 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     | Prepayments      and other current assets                                                                      |                                                                                                                                                                                        |                                                                                                                                                        |               35,675                                        |                                                                                                                                                                                                                                                                      |   |                     1,887,955 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |  Total      Current Assets                                                                                                                                                             |                                                                                                                                                        |                                                                                                                              |           8,470,636                                                                                                                                                                                                     |   |   |                     9,174,125 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |
|  Investment      in Real Estate ventures                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |           6,483,437                                                             |                                                                                                                                                                                                                                                                      |   |                     1,244,160 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |
|  Property, plant and      equipment,net of accumulated depreciation                                                                                                                                                                                                                                                                                                                                                                 |           1,618,829                                          |                                                                                                                                                                                        |                                                                                                                                                        |                     1,730,439 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |
|  Land      use rights, net                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |           1,531,555 |   |   |                     1,446,059 |
|  Notes      Receivable                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |             998,502 |   |   |                     1,194,126 |
|  Long-term      prepayments                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |           1,150,082 |   |   |                       537,638 |
|  Other      assets                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |                      - |   |   |                         64,454 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |  Total      Assets                                                                                                                                                                     |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |         20,253,041 |   |   |                   15,391,001 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |
|  LIABILITIES      AND STOCKHOLDERS' EQUITY                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                                           |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |
|  Current      liabilities:                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |  Accounts      payable                                                                                    |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |             725,680 |   |   |                       953,033 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |  Accrued      expenses and other payables                                                                 |                                                                                                                                                                                        |                                                                                                                                                        |             809,463                                                   |                                                                                                                                                                                                                                                                      |   |                     1,544,128 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |  Total      Current Liabilities                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |           1,535,143                                                                                                                                                                                                     |   |   |                     2,497,161 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |
|  Long-term      payable-land use right                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |           1,459,137                                                                                                                                                                                                     |   |   |                     1,314,814 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |
|  Long-term      debt,net of current maturities                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                           |                                                                                                                                                                                        |                      -                             |                                                                                                                              |                                                                                                                                                                                                                                                                      |                     1,103,521 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |
|  Minority      Interest                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |           1,564,957 |   |   |                     1,342,504 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |
|  Stockholders'      Equity                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |  Preferred      stock, $0.001 par value, 1,000,000 shares authorized,                                     |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |   -      0 - shares issued and outstanding at June 30, 2008 and2007                                  |                                - |                                                                                                                                                        |                                                                                                                              |                                             - |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |  Common      stock, $0.001 and $0.1208 par value, 74,000,000 and 32,080,000 shares      authorized,       |                                                                                                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |  30,000,000      and 32,080,000 shares issued and outstanding at June 30, 2008 and 2007      respectively |               30,000                                                                                                  |                                                                                                                                                        |                                                                                                                              |                     3,876,035                                                                                                                                         |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |  Additional      paid-in-capital                                                                          |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      | 3,846,035 |   |   |                       177,487 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |  Statutory      surplus reserve and common welfare fund                                                   | 1,837,187                                                                                                                                                                                   |                                                                                                                                                        |                                                                                                                              |                     1,049,826                                                                                                                                         |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |  Retained      earnings                                                                                   |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   | 8,009,800 |   |   | 3,371,464 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |  Accumulated      other comprehensive income                                                              |                                                                                                                                                                                        | 1,970,782                                                                                                                                                   |                                                                                                                              |                                                                                                                                                                                                                                                                      | 658,189 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |  Total      Stockholders' Equity                                                                                                                                                       |                                                                                                                                                        |         15,693,804                                                                        |                                                                                                                                                                                                                                                                      |   |                     9,133,001 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |  Total      Liabilities and Stockholders' Equity                                                                                                                                       |  $                       20,253,041 |                                                                                                                              |                                                                                                                                                                                                                                                                      |  $                                       15,391,001 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |
| See      accompanying notes to the Consolidated Financial    Statements.                                                                                                                                                                                                                                                                                                                                                                 |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                           |                                                                                                                                                                                        |                                                                                                                                                        |                                                                                                                              |                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |

----

| CHINA      DASHENG BIOTECHNOLOGY COMPANY                                 |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |
|--------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (FORMERLY      NAMED AS MAX NUTRITION INC.)                              |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |
| CONSOLIDATED      STATEMENTS OF OPERATION                                |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |
| FOR      THE YEARS ENDED JUNE 30, 2008  AND 2007               |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |
|                                                                     |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |   |   |   |   |
|                                                                     |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |   |   |   |   |
|                                                                     |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               | 2008                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       | 2007 |   |   |   |   |   |
|                                                                     |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |   |   |   |   |
| Net      Sales                                                           |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |  $                                 16,294,163            |                                                                                                                                                                                                                                                                                |  $                                       9,961,792 |   |   |   |   |   |
|                                                                     |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |   |   |   |   |
| Cost      of Sales                                                       |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |               (8,790,328)                                                                                                                                    |                                                                                                                                                                                                                                                                                |                   (5,832,260)                                                                                                                                    |   |   |   |   |   |
|                                                                     |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |   |   |   |   |
| Gross      Profit                                                        |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                7,503,835                                                                                                                                |                                                                                                                                                                                                                                                                                |                    4,129,532                                                                                                                                |   |   |   |   |   |
|                                                                     |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |   |   |   |   |
| Operating      Expenses                                                  |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |   |   |
| Selling  and      general and administrative expenses          |                2,202,437 |                                                                                                                |                    1,402,062                                                     |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |
| Other      operating expenses (income)                                   |                                                                                                |                   226,426 |                                                                                                                                                                            |                        (22,952)                                                                                 |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |
| Total      Operating Expenses                                            |                                                                                                |                                                                                                                |                2,428,863                                                                             |                                                                                                                                                                                                                               |                    1,379,110                                                                                                        |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |   |
|                                                                     |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |   |   |   |   |
| Income      from operations                                              |                                                                                                |                                                                                                                |                                                                                                                                                                            |                5,074,972                                                                                                                                |                                                                                                                                                                                                                               |                    2,750,422                                                                                                                                                         |                                                                                                                                                                                                                                                       |   |   |   |   |
|                                                                     |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |   |   |   |   |
| Other      Income and Expenses                                           |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |   |
| Interest      income                                                     |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                   158,600                                                                                                                |                                                                                                                                                                                                                                                                                |                                  -                                                    |   |   |   |   |   |
| Interest      expenses                                                   |                                                                                                |                                                                                                                |                                                                                                                                                                            |                    (41,760)                                                                                                         |                                                                                                                                                                                                                               |                        (92,670)                                                                                                                                  |                                                                                                                                                                                                                                                       |   |   |   |   |
| Total      other income (expense)                                        |                                                                                                |                                                                                                                |                   116,840                                                             |                                                                                                                                                                                                                               |                        (92,670)                                                                                 |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |   |
|                                                                     |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |   |   |   |   |
| Income      Before Income Taxes and Minority Interest                    |                5,191,812 |                                                                                                                |                    2,657,752                                                     |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |
|                                                                     |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |   |   |   |   |
| Provision      for Income Taxes                                          |                                                                                                |                                                                                                                |                              - |                                                                                                                                                                                                                               |                                  -                            |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |   |
|                                                                     |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |   |   |   |   |
| Minority      Interest                                                   |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                  (553,476)                                                                                                                    |                                                                                                                                                                                                                                                                                |                      (666,217)                                                                                                                    |   |   |   |   |   |
|                                                                     |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |   |   |   |   |
| Net      Income                                                          |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |  $                                   4,638,336 |                                                                                                                                                                                                                                                                                |  $                                       1,991,535 |   |   |   |   |   |
|                                                                     |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |   |   |   |   |
| Other      Comprehensive Income                                          |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |   |
|                                                                     | Foreign      Currency translation adjustment                                                        |                1,312,593                 |                                                                                                                                                                            |                       445,934                                                                                        |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |
|                                                                     |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |   |   |   |   |
| Comprehensive      Income                                                |                                                                                                |                                                                                                                |                                                                                                                                                                            |  $                                   5,950,929 |                                                                                                                                                                                                                               |  $                                       2,437,469                          |                                                                                                                                                                                                                                                       |   |   |   |   |
|                                                                     |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |   |   |   |   |
| Net      income per share  - basic and diluted                 |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |
|                                                                     | Basic                                                                                               |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |  $                                            0.15 |                                                                                                                                                                                                                                                       |  $                                                0.06 |   |   |   |   |   |
|                                                                     | Diluted                                                                                             |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |  $                                            0.15 |                                                                                                                                                                                                                                                       |  $                                                0.06 |   |   |   |   |   |
|                                                                     |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |   |   |   |   |
| Weighted      average share outstanding - basic and diluted              |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |
|                                                                     |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |               30,000,000                                                                                                                                                                                      |                                                                                                                                                                                                                                                       |                   32,080,000 |   |   |   |   |   |
|                                                                     |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |               30,000,000                                                                                                                                                                                      |                                                                                                                                                                                                                                                       |                   32,080,000 |   |   |   |   |   |
|                                                                     |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |   |   |   |   |
|                                                                     |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |   |   |   |   |
| See      accompanying notes to the Consolidated Financial    Statements. |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |
|                                                                     |                                                                                                |                                                                                                                |                                                                                                                                                                            |                                                                                                                                                                                                                               |                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                       |   |   |   |   |   |   |

----

|                                                                      CHINA DASHENG BIOTECHNOLOGY COMPANY                |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------|---------|---------------------------------------------------------------------------------------------------------------------------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------|
|                                                                        (FORMERLY NAMED AS MAX NUTRITION INC.) |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |
| CONSOLIDATED      STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |
|                                                                   FOR THE YEARS ENDED JUNE 30, 2008 AND 2007                                |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   | Preferred      Stock                                                                                                 |    | Common      Stock                                                                                                         |    | Additional                                                                                                                                                                      |                       | Statutory                                                                                                                                                                       |                                                                                                            |                                                                                                                                                                             |                                                                                                                            | Accumulated      Other | Total |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   | par      value $0.001                                                                                                |    | par      value $0.001 (previsously $0.1208)                                                                               | Paid-in |                                                                                                                                                                            | Surplus      reserve & | Retained                                                                                                                                                                        |                                                                                                            | Comprehensive                                                                                                                                                                    | Shareholders'                                                                                                                   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   | Shares                                                                                                               |    | Amount                                                                                                                    | Shares  |                                                                                                                                                                            | Amount                     |                                                                                                                                                                            | Capital                                                                                                         |                                                                                                                                                                             | Common      welfare fund                                                                                                        | Earnings |   | Income |   | Equity |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |   |
| Balance      at JUNE 30, 2005                                                                                                                                                                                                                                                                                                                                                                                                                      |               - |   |  $                  - |    | 32,080,000                                                                                                                |    |  $                    3,876,035                                        |                       |  $                       177,487                        |                                                                                                            |  $                           225,672 |                                                                                                                            |  $                           854,358 |   |  $                     - |   |  $       5,133,552 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |   |
| Net      Income                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                  |   |               -                                |    |              -                                           |    |                     -                                                       |                       |                         -                               |                                                                                                            |                         -                                |                                                                                                                            |                              - |   | 1,499,832 |   |                      - |   |         1,499,832 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |                      - |
| Other      Comprehensive income:                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |                      - |
|     Foreign      currency translation adjustment                                                                                                                                                                                                                                                                                                                                                                               |               - |   |              -                                      |    |                     - |    |                         -                               |                       |                         -                               |                                                                                                            |                              -  |                                                                                                                            |                              - |   |            212,255 |   |            212,255 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |   |
| Appropriation      to statutory reserves                                                                                                                                                                                                                                                                                                                                                                                                           |               - |   |              -                                      |    |                     - |    |                         -                               |                       |                         -                               |                                                                                                            |                   259,698                                                              |                                                                                                                            |                  (259,698) |   |                      - |   |                      - |
| Appropriation      to employee welfare funds                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                  (150,107) |                                                                                                                                                                             |                      - |   |           (150,107) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |               -                                |  - |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |   |
| Balance      at JUNE 30, 2006                                                                                                                                                                                                                                                                                                                                                                                                                      |               - |   |  $                  - |    | 32,080,000                                                                                                                |    |  $                    3,876,035                                        |                       |  $                       177,487                        |                                                                                                            |  $                           485,370 |                                                                                                                            |  $                        1,944,385 |   |  $         212,255 |   |  $       6,695,532 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |   |
| Net      Income                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                  |   |               -                                |    |              -                                           |    |                     -                                                       |                       |                         -                               |                                                                                                            |                         -                                |                                                                                                                            |                              - |   | 1,991,535 |   |                      - |   |         1,991,535 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |                      - |
| Other      Comprehensive income:                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |                      - |
|     Foreign      currency translation adjustment                                                                                                                                                                                                                                                                                                                                                                               |               - |   |              -                                      |    |                     - |    |                         -                               |                       |                         -                               |                                                                                                            |                              -  |                                                                                                                            |                              - |   | 445,934 |   |            445,934 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |                      - |
| Appropriation      to statutory reserves                                                                                                                                                                                                                                                                                                                                                                                                           |               - |   |              -                                      |    |                     - |    |                         -                               |                       |                         -                               |                                                                                                            | 564,456                                                                                                                                                                          |                                                                                                                            |                  (564,456) |   |                      - |   |                      - |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |   |
| Balance      at JUNE 30, 2007                                                                                                                                                                                                                                                                                                                                                                                                                      |               - |   |  $                  - |    | 32,080,000                                                                                                                |    |  $                    3,876,035                                        |                       |  $                       177,487                        |                                                                                                            |  $                        1,049,826                 |                                                                                                                            |  $                        3,371,464 |   |  $         658,189 |   |  $       9,133,001 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |                      - |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |   |
| Exchange      of GDBS's capital for ASPI                                                                                                                                                                                                                                                                                                                                                                                                           |               - |   |              -                                      |    |     (32,080,000)                                                                                      |    |          (3,876,035)                                                                                                               |                       |                         -                               |                                                                                                            |                              -  |                                                                                                                            |                              - |   |                      - |   |        (3,876,035) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |   |
| Issuance      of ASPI common stock to investors upon reverse merger                                                                                                                                                                                                                                                                                                                                                                                | 30,000,000                                                                            |   | 30,000                                                                                                               |    |            3,668,548                                               |    |                              - |                       |                              - |                                                                                                            |                      -                                                  |                                                                                                                            |         3,698,548 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |   |
| Net      Income                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                  |   |               -                                |    |              -                                           |    |                     -                                                       |                       |                         -                               |                                                                                                            |                         -                                |                                                                                                                            |                              - |   | 4,638,336 |   |                      - |   |         4,638,336 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |   |
| Other      Comprehensive income:                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |                      - |
|     Foreign      currency translation adjustment                                                                                                                                                                                                                                                                                                                                                                               |               - |   |              -                                      |    |                     - |    |                         -                               |                       |                         -                               |                                                                                                            |                              -  |                                                                                                                            |                              - |   |         1,312,593 |   |         1,312,593 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |   |
| Appropriation      to statutory reserves                                                                                                                                                                                                                                                                                                                                                                                                           |               - |   |              -                                      |    |                     - |    |                         -                               |                       |                         -                               |                                                                                                            |                   787,361                                                              |                                                                                                                            |                              - |   |                      - |   |            787,361 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |   |
| Balance      at JUNE 30, 2008                                                                                                                                                                                                                                                                                                                                                                                                                      | 0                                                                                     |   |  $                  - |    | 30,000,000                                                                                                                |    |  $                         30,000             |                       |  $                    3,846,035                                        |                                                                                                            |  $                        1,837,187                 |                                                                                                                            |  $                        8,009,800 |   |  $      1,970,782 |   |  $     15,693,804 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |   |
| See      accompanying notes to the Consolidated Financial    Statements.                                                                                                                                                                                                                                                                                                                                                                           |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                  |   |                                                                                                                 |    |                                                                                                                      |    |                                                                                                                                                                            |                       |                                                                                                                                                                            |                                                                                                            |                                                                                                                                                                             |                                                                                                                            |   |   |   |   |   |   |   |

----

| CHINA      DASHENG BIOTECHNOLOGY COMPANY                                 |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |
|--------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (FORMERLY      NAMED AS MAX NUTRITION INC.)                              |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |
|  CONSOLIDATED      STATEMENTS OF CASH FLOWS                         |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |
| FOR      THE YEARS ENDED JUNE 30,  2008 AND 2007               |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   | 2008                                                                                                                                                                                                                                                                                                                               |   | 2007 |   |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |
| Cash      Flows From Operating Activities:                               |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |
|                                                                     | Net      income                                                                                                                                                                                                                                                                                                                                      |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |  $                                                      4,638,336 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |  $                                                   1,991,534 |   |   |   |   |
|                                                                     | Adjustments      to reconcile net income to net cash                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 | provided      by operating activities:            |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              | Bad      debt expenses                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                 |                            62,869                                                                                                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                    -                                                                                                                |   |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              | Depreciation      and amortiztion                                                                                                                                                                                                                                                                                                  |                                                                                                                                                                 |                          626,365                                                                                                                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                     522,134                                                                                                    |   |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              | Minority      interest in net income of consoldiated subsidiaries                                                                                                                                                                                                                                                                  |                          553,476        |                                                                                                                                                                                                                                                                                                                                                 |                          666,217                                                                                                                                                                                                                                                                          |                                                                                                                                                                                                                                                                                                                               |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 | Changes      in operating assets and liabilities: |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              | Accounts      receivable                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                 |                         (125,020)                                                                                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                         (438,356)                                                                                                                                                                          |   |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              | Inventories                                                                                                                                                                                                                                                                                                                        |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                          271,554                                                                                                                                                                                                                                                                          |                                                                                                                                                                                                                                                                                                                               |                          436,803 |   |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              | Advance      to suppliers                                                                                                                                                                                                                                                                                                          |                                                                                                                                                                 |                       (1,287,864)                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                    -                                                                                                                |   |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              | Prepayments      and other current assets                                                                                                                                                                                                                                                                                          |                       320,234                          |                                                                                                                                                                                                                                                                                                                                                 |                      (1,509,370)                                                                                                                                                                                                                                                                                              |                                                                                                                                                                                                                                                                                                                               |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              | Accounts      payable                                                                                                                                                                                                                                                                                                              |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                         (227,353)                                                                                                                                                                                                                                                                              |                                                                                                                                                                                                                                                                                                                               |                         (120,500) |   |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              | Accrued      expenses and other current liabilities                                                                                                                                                                                                                                                                                |                         (734,665)            |                                                                                                                                                                                                                                                                                                                                                 |                      (1,155,607)                                                                                                                                                                                                                                                                                              |                                                                                                                                                                                                                                                                                                                               |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               | Cash      provided by operating activities                                                                                                                           |                       4,097,932                                                                                                                                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                          392,855                                                                                                                                                                      |   |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |
| Cash      Flows From Investing Activities:                               |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |  Purchases      of property, plant and equipment                                                                                                                                                                                                                                                                              |                           (30,683) |                                                                                                                                                                                                                                                                                                                                                 |                           (59,411)                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |  Investment      in real-estate projects                                                                                                                                                                                                                                                                                      |                                                                                                                                                                 |                       (5,102,710)                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                    -                                                                                                                |   |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |  Cash      dividend received from an real estate investment                                                                                                                                                                                                                                                                   |                        1,020,542                  |                                                                                                                                                                                                                                                                                                                                                 |                                    -                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                               |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |  Cash      received from note receivable                                                                                                                                                                                                                                                                                      |                          195,624        |                                                                                                                                                                                                                                                                                                                                                 |                           (92,380)                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               | Cash      used in investing activities                                                                                                                               |                       (3,917,227)                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                         (151,791)                                                                                                                                                                          |   |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |
| Cash      Flows From Financing Activities:                               |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |  Repayment      of loans payable                                                                                                                                                                                                                                                                                              |                                                                                                                                                                 |                       (1,103,521)                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                         (262,743)                                                                                                                                                                          |   |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |  Proceeds      from long-term debt                                                                                                                                                                                                                                                                                            |                                                                                                                                                                 |                                     -                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                          446,663                                                                                                                                                                      |   |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |  Repayment      of long-term debt                                                                                                                                                                                                                                                                                             |                                                                                                                                                                 |                                     -                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                         (601,682)                                                                                                                                                                          |   |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |  Amounts      received from (paid to) related parties                                                                                                                                                                                                                                                                         |                        176,505                    |                                                                                                                                                                                                                                                                                                                                                 |                         (576,413)                                                                                                                                                                                                                                                                              |                                                                                                                                                                                                                                                                                                                               |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               | Cash      used in financing activities                                                                                                                               |                          (927,016)                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                         (994,175)                                                                                                                                                                          |   |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |
| Effect      of exchange rate changes on cash and cash equivalents        |                        991,145                                                                                                                                                                                                    |                                              |                          167,865                                                                                                                                                                      |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |
| Increase      (decrease) in cash and cash equivalents                    |                          244,834                                                                                                                                                                                        |                                              |                         (585,246)                                                                                                                                                                          |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |
| Cash      and Cash Equivalents - Beginning of the year                   |                        1,316,569                                                                                                                                                                                                  |                                              |                       1,901,815                                                                                                                                                                                      |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |
| Cash      and Cash Equivalents - Ending of the year                      |  $                                                      1,561,403 |                                              |  $                                                   1,316,569 |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |
| Supplemental      disclosures of cash flow information:                  |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              | Interest      paid                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |  $                                                           41,760                                                        |                                                                                                                                                                                                                                                                                                                               |  $                                                        92,670 |   |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              | Income      Taxes paid                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |  $                                                                     - |                                                                                                                                                                                                                                                                                                                               | $                                                                 - |   |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |
| See      accompanying notes to the Consolidated Financial    Statements. |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                 |                                              |                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |

----

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|                   |                                                                                                                                                                                                           |                                                                                                                                                                                                           |        Balance      as of                                                                                                   |                                                                                                                             |
|------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------|
|                   |                                                                                                                                                                                                           | June      30, 2008                                                                                                                                                                                             |                                                                                                                             | June      30, 2007                                                                                                               |
| Raw      materials     |  $                                218,985 |                                                                                                                                                                                                           |  $                   592,207 |
| Packing      materials |            14,461                                                                                                                                       |                                                                                                                                                                                                           |                    -              |
| Work-in-process        |          246,695                                                                                                                                                  |                                                                                                                                                                                                           |          32,003                                                                     |
| Finished      goods    |            81,742                                                                                                                                       |                                                                                                                                                                                                           |        209,226                                                                                |
|                   |                                                                                                                                                                                                           |                                                                                                                                                                                                           |                                                                                                                             |                                                                                                                             |
| Total                  |                                                                                                                                                                                                           |  $                                561,883 |                                                                                                                             |  $                   833,436 |
|                   |                                                                                                                                                                                                           |                                                                                                                                                                                                           |                                                                                                                             |                                                                                                                             |

----

|                  |                                                                                                                                                                                 |                                                                                                                                                 |        Balance      as of                                                           |                                                                                     |
|-----------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------|
|                  |                                                                                                                                                                                 | June      30, 2008                                                                                                                                   |                                                                                     | June      30, 2007                                                                       |
| Shareholders/officers | $                      1,580,820                                       |                                                                                                                                                 |  $            1,757,325 |
|                  |                                |                                                                                                                                                 |                                             |
| Total                 |                                                                                                                                                                                 |  $                           1,580,820 |                                                                                     |  $                 1,757,325 |
|                  |                                                                                                                                                                                 |                                                                                                                                                 |                                                                                     |                                                                                     |
|                  |                                                                                                                                                                                 |                                                                                                                                                 |                                                                                     |                                                                                     |
|                  |                                                                                                                                                                                 |                                                                                                                                                 |                                                                                     |                                                                                     |

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|                                |   |                                                                                                                         |        Balance      as of |                                                                                                                           |
|-------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------|--------------------------------|--------------------------------------------------------------------------------------------------------------------------------|
|                                |   | June      30, 2008                                                                                                           |                           | June      30, 2007                                                                                                             |
| Buildings      and improvements     |   |  $                  1,594,550 |                           |  $                  1,436,833   |
| Machinery      and equipments       |   |             1,278,136                                            |                           |                1,125,183                            |
| Transportation      equipments      |   |                258,194                            |                           |                   232,656            |
| Office      equipments              |   |                  62,729                 |                           |                     56,525 |
| Sub-total                           |   |             3,193,609                                            |                           |                2,851,197                            |
| Less:      Accumulated Depreciation |   |           (1,574,780)                                                      |                           |              (1,120,758)                                      |
|                                |   |                                                                                                                         |                           |                                                                                                                           |
| Total                               |   |  $                  1,618,829 |                           |  $                  1,730,439   |
|                                |   |                                                                                                                         |                           |                                                                                                                           |

|                                |                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                 |        Balance      as of                                                                                                                                                                                   |                                                                                                                                                                                                                   |
|-------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                |                                                                                                                                                                                                                                                                                                 | June      30, 2008                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                             | June      30, 2007                                                                                                                                                                                                     |
| Land      use right                 |  $                                              1,883,298 |                                                                                                                                                                                                                                                                                                 |  $                                1,819,380 |
| Less:      Accumulated amortization |              (351,743)                                                                                                                                                                                                              |                                                                                                                                                                                                                                                                                                 |                  (373,321)                                                                                                  |
|                                |                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                             |                                                                                                                                                                                                                   |
| Total                               |                                                                                                                                                                                                                                                                                                 |  $                                              1,531,555 |                                                                                                                                                                                                             |  $                                 1,446,059 |
|                                |                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                             |                                                                                                                                                                                                                   |

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|                                 |                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                                                                                                                                                                                                                                                   |        Balance      as of |                                                                                                                                  |
|--------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|
|                                 |                                                                                                                                                                                                                                                                                                                                   |   | June      30, 2008                                                                                                                                                                                                                                                                                                                     |                           | June      30, 2007                                                                                                                    |
| Patent      & purchased formulae |  $                                                     - |   |  $                  403,171                                                                                                                                                                                                             |
| Less:      Accumulated amortization  |                           -                                                                                                                                                                          |   |                  (338,717)                                                                                                                                                                                                                        |
|                                 |                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                                                                                                                                                                                                                                                   |                           |                                                                                                                                  |
| Total                                |                                                                                                                                                                                                                                                                                                                                   |   |  $                                                     - |                           |  $                    64,454 |

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|                      |   |                                                                                                                                                                                                                                                                                                                                   |        Balance      as of |                                                                                                                                                                                               |
|---------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                      |   | June      30, 2008                                                                                                                                                                                                                                                                                                                     |                           | June      30, 2007                                                                                                                                                                                 |
| Consultings      fees     |   |  $                                                    538,850 |                           |  $                                                                                                                                                                                            |
| Prepaid      rent expense |   |                 406,394                                                                                                                                                                                                                                |                           |                                537,638  |
| Advertisement             |   |                 200,464                                                                                                                                                                                                                                |                           |                                                                                                                                                                                               |
| Other                     |   |                     4,374                                                                                                                                                                                                          |                           |                                                                                                                                                                                               |
|                      |   |                                                                                                                                                                                                                                                                                                                                   |                           |                                                                                                                                                                                               |
| Total                     |   |  $                                                 1,150,082                 |                           |  $                              537,638 |
|                      |   |                                                                                                                                                                                                                                                                                                                                   |                           |                                                                                                                                                                                               |

|                                        |                                                                                                                                                                                                                                                                                                     |   |                                                                                                                                                                                                                                              |        Balance      as of |                                                                                                                      |
|---------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|---------------------------------------------------------------------------------------------------------------------------|
|                                        |                                                                                                                                                                                                                                                                                                     |   | June      30, 2008                                                                                                                                                                                                                                |                           | June      30, 2007                                                                                                        |
| Receivable      from real estate investment |  $                                                - |   |  $                  919,601                                                                                                                        |
| Prepayments      for raw materials          |  -                                                                                                                                                                                                                                                                                                  |   |                    457,325                                                                                                                         |
| Other      receivables                      |                                                                                                                                                                                                                                                                                                     |   |                 35,675                                                                                                                                            |                           |                    511,029 |
|                                        |                                                                                                                                                                                                                                                                                                     |   |                                                                                                                                                                                                                                              |                           |                                                                                                                      |
| Total                                       |                                                                                                                                                                                                                                                                                                     |   |  $                                      35,675 |                           |  $               1,887,955                |
|                                        |                                                                                                                                                                                                                                                                                                     |   |                                                                                                                                                                                                                                              |                           |                                                                                                                      |

|                                             |                                                                                                                                                                                                                                               |                                                                                                                                                                                                                                               |        Balance      as of                                                                                                                                                         |                                                                                                                                                                   |
|--------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                             |                                                                                                                                                                                                                                               | June      30, 2008                                                                                                                                                                                                                                 |                                                                                                                                                                                   | June      30, 2007                                                                                                                                                     |
| Accrued      expenses                            |  $                                      477,512 |                                                                                                                                                                                                                                               |  $                            513,837 |
| Customer      deposits                           |                           -                                                                                      |                                                                                                                                                                                                                                               |                    349,286                                                              |
| Other      payables and accruals                 |               331,951                                                                                                                                                        |                                                                                                                                                                                                                                               |                    469,241                                                              |
| Staff      & workers' welfare and bonus fund |                           -                                                                                      |                                                                                                                                                                                                                                               |                    211,764                                                              |
|                                             |                                                                                                                                                                                                                                               |                                                                                                                                                                                                                                               |                                                                                                                                                                                   |                                                                                                                                                                   |
| Total                                            |                                                                                                                                                                                                                                               |  $                                      809,463 |                                                                                                                                                                                   |  $                         1,544,128 |
|                                             |                                                                                                                                                                                                                                               |                                                                                                                                                                                                                                               |                                                                                                                                                                                   |                                                                                                                                                                   |

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ITEM 8.     CHANGES IN AND DISAGREEMENTSWITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

On August 4, 2008,China Dasheng Biotechnology Company, formerly named Max Nutrition, Inc.dismissed its independent registered public accounting firm, Li & Company,PC (“Li”).Thereports of Li on the financial statements of the Registrant as of October31, 2007 and for the fiscal year ended October 31, 2007 did not contain anadverse opinion or disclaimer of opinion and were not qualified or modified asto uncertainty, audit scope or accounting principles other than an explanatoryparagraph as to a going concern.

Management’sAnnual Report on Internal Control over Financial Reporting

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PART III

ITEM 9.     DIRECTORS, EXECUTIVE OFFICERS,PROMOTERS, CONTROL PERSONS AND CORPORATE GOVERANCE; COMPLIANCE WITH SECTION16(a) OF THE EXCHANGE ACT

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ITEM 10. EXECUTIVE COMPENSATION

As of the date of this report, Mr. JinJun Qi isthe sole member of our board of directors. Mr. Qi does not receive compensationfor this role.

| gm                                 |   |       |   | Annual      Compensation  |   |
|-----------------------------------------|--------|------------|--------|--------------------------------|--------|
| Name      and Principal Position        |   | Year  |   | Salary(USD)               |   | Bonus  |   | Other      Annual Compensation  |   |
| Jinjun      Qi, Chief Executive Officer |   |       | 2008   |                           | $      | 28,000 |   |   | — |   |   | — |   |
|                                    |   |       | 2007   |                           | $      | 28,000 |   |   | — |   |   | — |   |
|                                    |   |       |   |                           |   |   |   |   |   |   |   |   |   |

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS ANDMANAGEMENT AND RELATED STOCKHOLDER MATTERS

|                                                                                           |   |           |       |               |   |
|------------------------------------------------------------------------------------------------|--------|----------------|------------|--------------------|--------|
|                                                                                           |   | Number      of |       | Percentage      of |   |
| Name      and Address (1)                                                                      |   | Shares         |       | Class              |   |
|                                                                                           |   |           |       |               |   |
| Jinjun      Qi                                                                                 |   |           | 11,520,000 |               |   | 38.40 | % |
| Dasheng      Trading Co. Ltd. (2)                                                              |   |           | 6,504,000  |               |   | 21.68 | % |
| Zhang      Leshan                                                                              |   |           | 3,000,000  |               |   | 10.00 | % |
| Warner      Technology & Investment Corp.18      Kimberly CourtEast      Hanover, NJ 07936 |   |           | 400,000    |               |   | 1.33 | % |
| Xiaojin      Wang                                                                              |   |           | 1,200,000  |               |   | 4.00 | % |
| All      officers and directors as a group (1) one person. (2)                                 |   |           | 18,024,000 |               |   | 60.08 | % |

| (1)               | Unless      otherwise indicated, the address of all shareholders is c/o GDBS, Bldg B,      17th Floor, Century Plaza, Qingyang Rd., Lanzhou, Dansu Province,      PRC. |
|-----------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|        (2)   | c/o      American Union Securities 100 Wall St. 15th Floor New York, NY      10005.                                                                                    |

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ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS ANDDIRECTOR INDEPENDENCE

|                  |                                                                                                                                                                                 |                                                                                                                                                       |        Balance      as of                                                                       |                                                                                                 |
|-----------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|
|                  |                                                                                                                                                                                 | June      30, 2008                                                                                                                                         |                                                                                                 | June      30, 2007                                                                                   |
| Shareholders/officers |  $                       1,580,820                           |                                                                                                                                                       |  $              1,757,325 |
|                  |                                |                                                                                                                                                       |                                                         |
| Total                 |                                                                                                                                                                                 |  $                            1,580,820 |                                                                                                 |        $                  1,757,325 |
|                  |                                                                                                                                                                                 |                                                                                                                                                       |                                                                                                 |                                                                                                 |
|                  |                                                                                                                                                                                 |                                                                                                                                                       |                                                                                                 |                                                                                                 |
|                  |                                                                                                                                                                                 |                                                                                                                                                       |                                                                                                 |                                                                                                 |

ITEM 13. EXHIBITS

| Number |   | Exhibit                                                                                                                                                               |                                                                                      | Location                                                                           |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------|
| 3.1    |   | Certificate      of Incorporation                                                                                                                                     |                                                                                      | Incorporated      by reference as Exhibit 3.1 to Form SB-2 filed March 15,    2007 |
|   |   |                                                                                                                                                                  |                                                                                      |                                                                               |
| 3.2    |   | Amended      Certificate of Incorporation                                                                                                                             |                                                                                      | Filed      within                                                                  |
|   |   |                                                                                                                                                                  |                                                                                      |                                                                               |
| 3.3    |   | Bylaws                                                                                                                                                                |                                                                                      | Incorporated      by reference as Exhibit 3.2 to Form SB-2 filed March 15,    2007 |
|   |   |                                                                                                                                                                  |                                                                                      |                                                                               |
| 10.1   |   | Agreement      and Plan of Reorganization, dated as of January 29, 2008, by and among the      Company, Nicholas Stone and American Spring Pharmaceutical,      Inc., | Incorporated      by reference to Exhibit 10.1 to Form 8-K filed on January 30,      2008 |
|   |   |                                                                                                                                                                  |                                                                                      |                                                                               |
| 14.1   |   | Code      of Ethics                                                                                                                                                   |                                                                                      | Filed      within                                                                  |
|   |   |                                                                                                                                                                  |                                                                                      |                                                                               |
| 16.1   |   | Letter      dated August 7, 2008 from Li & Company to the United States Securities      and Exchange Commission                                                   | Incorporated      by reference to Exhibit 16.1 to Form 8-K filed on August 7,      2008   |
|   |   |                                                                                                                                                                  |                                                                                      |                                                                               |
| 21.1   |   | List      of subsidiaries                                                                                                                                             |                                                                                      | Filed      within                                                                  |
|   |   |                                                                                                                                                                  |                                                                                      |                                                                               |
| 31.1   |   | Certification      of CEO and CFO pursuant to Rule 13a-14(a)/15(d)-14(a).                                                                                             |                                                                                      | Filed      within                                                                  |
|   |   |                                                                                                                                                                  |                                                                                      |                                                                               |
| 32.1   |   | Certification      of CEO and CFO pursuant to Section 1350.                                                                                                           |                                                                                      | Filed      within                                                                  |
|   |   |                                                                                                                                                                  |                                                                                      |                                                                               |
|   |   |                                                                                                                                                                  |                                                                                      |                                                                               |
|   |   |                                                                                                                                                                  |                                                                                      |                                                                               |
|   |   |                                                                                                                                                                  |                                                                                      |                                                                               |
|   |   |                                                                                                                                                                  |                                                                                      |                                                                               |
|   |   |                                                                                                                                                                  |                                                                                      |                                                                               |
|   |   |                                                                                                                                                                  |                                                                                      |                                                                               |

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| CHINA      DASHENG BIOTECHNOLOGY COMPANY |
|------------------------------------------|
|                                     |   |
| By:                                      | /s/ Jinjun      Qi |
|                                     | Mr. Jinjun      Qi |
|                                     | Chairman      of the Board and Chief Executive Officer and Chief Financial Officer      (Principal Executive Officer and Principal Financial and Accounting      Officer ) |

| /s/ JinJun      Qi | Chairman      of the Board and Chief Executive Officer and Chief Financial      Officer |
|--------------------|-----------------------------------------------------------------------------------------|
| JinJun      Qi     | (Principal      Executive Officer and Principal Financial and Accounting Officer      ) |
|               |                                                                                    |