U.S. SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   FORM 10-QSB

                                   (Mark One)

[X]  Quarterly  report pursuant  section 13 or 15(d) of the Securities  Exchange
     Act of 1934 For the quarterly period ended March 31, 2001

[_]  Transition  report pursuant section 13 or 15(d) of the Securities  Exchange
     Act of 1934 for the transition period from...........to...........

                        Commission file number 000-27543


                      Teda Technologies International Inc.
              (Exact name of small business issuer in its charter)


              Nevada                                           98-0204680
(State or other jurisdiction of                              (IRS Employer
 Incorporation or organization)                            Identification No.)

   Unit #10, 8980 Fraserwood Court, Burnaby, British Columbia, Canada, V5J 5H7
                    (Address of principal executive offices)

                                 (604) 438-3598
                           (Issuer's telephone number)


Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days. Yes X     No
                                                             ---      ---

Number of shares  outstanding of the issuer's  classes of common  equity,  as of
March 31, 2001:

                  1,000,000 Shares of Common Stock (One Class)

           Transitional Small Business Disclosure Format: Yes     No X
                                                             ---    ---


                                       1
<PAGE>

                                Table of Contents

-------------------------------------------------------------------------------

                                      10QSB


PART I ....................................................................   4
Item 1 ....................................................................   4
Balance Sheet .............................................................   5
Income Statement ..........................................................   6
Cash Flow Statement .......................................................   7
Item 2 ....................................................................   10
PART II ...................................................................   15
Item 6 ....................................................................   15


                                       2

<PAGE>


                      TEDA TECHNOLOGIES INTERNATIONAL INC.
                 (formerly Express Investments Associates, Inc.)
                          (A Development Stage Company)

                          Index to Financial Statements

                         PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS


Condensed balance sheet, March 31, 2001 (unaudited).......................  5

Condensed statements of operations for the three months ended
 March 31, 2001 and  2000, for the nine months ended
 March 31, 2001  and 2000, and from July 25,  1997 (inception)
 through March 31, 2001 (unaudited).......................................  6

Condensed  statements of cash flows for the nine months ended
 March 31, 2001 and  2000, and from July 25,
 1997 (inception) through March 31, 2001 (unaudited)......................  7

Notes to condensed financial statements...................................  8-9













                                       3
<PAGE>


                      TEDA TECHNOLOGIES INTERNATIONAL, INC.
                 (formerly Express Investments Associates, Inc.)
                          (A Development Stage Company)

                             CONDENSED BALANCE SHEET
                                   (Unaudited)

                                 March 31, 2001


                                                  Total Assets     $          -
                                                                   ============

Liabilities and Shareholder's Deficit
Liabilities:
         Accounts payable and accrued liabilities................  $      4,743
                                                                   ------------
                                             Total Liabilities            4,743
                                                                   ------------

Shareholder's Deficit:
         Common Stock (Note B)...................................           100
         Additional paid-in capital..............................        36,926
         Deficit accumulated during the development stage........       (41,769)
                                                                   ------------
                                   Total shareholder's deficit           (4,743)
                                                                   ------------

                   Total liabilities and shareholder's deficit     $          -
                                                                   ============



















            See accompanying notes to condensed financial statements


                                       4
<PAGE>


                      TEDA TECHNOLOGIES INTERNATIONAL, INC.
                 (formerly Express Investments Associates, Inc.)
                          (A Development Stage Company)

                       CONDENSED STATEMENTS OF OPERATIONS
                                   (Unaudited)


<TABLE>
<CAPTION>

                                                                                                      July 25, 1997
                                                                                                       (inception)
                                               Three Months Ended             Nine Months Ended          Through
                                                    March 31,                     March 31,              March 31,
                                               2001           2000           2001           2000           2001
                                           -----------    -----------    -----------    -----------    -----------
<S>                                        <C>            <C>            <C>            <C>            <C>
Costs and expenses:
  Legal Fees ...........................   $     1,227    $    13,341    $     7,967    $    16,885    $    29,909
  Accounting fees ......................           250            250            750          2,106          4,606
  Printing .............................          --            5,043              8          5,043          6,716
  Licenses and fees ....................          --               56           --               56            456
  Stock-based compensation for
     organizational costs (Note B) .....          --             --             --             --              100
                                           -----------    -----------    -----------    -----------    -----------

                    Loss from Operations        (1,477)       (18,690)        (8,725)       (24,090)       (41,787)
                                           -----------    -----------    -----------    -----------    -----------

Provision for income taxes (Note C) ....          --             --             --             --             --
                                           -----------    -----------    -----------    -----------    -----------

                    Net loss ...........   $    (1,477)   $   (18,690)   $    (8,725)   $   (24,090)   $   (41,787)
                                           ===========    ===========    ===========    ===========    ===========

Basic and diluted loss per common share    $         *    $     (0.02)   $         *    $     (0.02)   $     (0.04)
                                           ===========    ===========    ===========    ===========    ===========

Basic and diluted weighted average
     common shares outstanding .........     1,000,000      1,000,000      1,000,000      1,000,000      1,000,000
                                           ===========    ===========    ===========    ===========    ===========
</TABLE>


*  Less than .01 per share


            See accompanying notes to condensed financial statements



                                       5
<PAGE>


                      TEDA TECHNOLOGIES INTERNATIONAL, INC.
                 (formerly Express Investments Associates, Inc.)
                          (A Development Stage Company)

                       CONDENSED STATEMENTS OF CASH FLOWS
                                   (Unaudited)




<TABLE>
<CAPTION>

                                                                                      July 25, 1997
                                                                                       (inception)
                                                               Nine Months Ended         Through
                                                                    March 31,            March 31,
                                                               2001          2000          2001
                                                             --------      --------      --------
<S>                                                          <C>           <C>           <C>
Net cash used in operating activities ....................   $    (65)     $(18,852)     $(36,926)
                                                             --------      --------      --------

Cash flows from financing activities:
   Third party expenses paid by affiliate on
     behalf of the company, recorded as
     additional-paid-in capital ..........................         65        18,852        36,926
                                                             --------      --------      --------
Net cash provided by financing activities ................         65        18,852        36,926
                                                             --------      --------      --------

                  Net change in cash .....................       --            --            --
Cash, beginning of period ................................       --            --            --
                                                             --------      --------      --------
Cash, end of period ......................................   $   --        $   --        $   --
                                                             ========      ========      ========

Supplemental disclosure of cash flow information:
   Cash paid during the period for:
     Interest ............................................   $   --            --        $   --
                                                             ========      ========      ========
     Income taxes...........................$ ............       --            --        $   --
                                                             ========      ========      ========

Non-cash financing transactions:
   1,000,000 shares common stock
     issued for services .................................   $   --            --        $    100
</TABLE>















            See accompanying notes to condensed financial statements

                                       6

<PAGE>


                      TEDA TECHNOLOGIES INTERNATIONAL, INC.
                 (formerly Express Investments Associates, Inc.)
                          (A Development Stage Company)

                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                                   (Unaudited)

NOTE A: BASIS OF PRESENTATION

The condensed  financial  statements  presented herein have been prepared by the
Company in  accordance  with the  accounting  policies in its audited  financial
statements  for the year  ended  June 30,  2000 as filed in its form  10-KSB  on
September 27, 2000 and should be read in conjunction with the notes thereto. The
Company entered the development  stage in accordance with Statement of Financial
Accounting  Standard  ("SFAS")  No.  7 on July 25,  1997 and is a "blank  check"
company with the purpose to evaluate,  structure  and complete a merger with, or
acquisition of, a privately owned corporation.

In the  opinion  of  management,  all  adjustments  (consisting  only of  normal
recurring  adjustments)  which are necessary to provide a fair  presentation  of
operating  results for the interim period  presented have been made. The results
of operations for the periods  presented are not  necessarily  indicative of the
results to be expected for the year.

Interim financial data presented herein are unaudited.

NOTE B: RELATED PARTY TRANSACTIONS

Through  March 31, 2001,  the Company did not maintain a checking  account.  All
expenses  incurred  by the  Company  through  March  31,  2001  were  paid by an
affiliate. For the three months ended March 31, 2001, the Company incurred legal
expenses of $1,227 and accounting  fees of $250. For the nine months ended March
31, 2001, the Company incurred legal expenses of $7,967, accounting fees of $750
and  printing  costs of $8. The  affiliate  does not expect to be repaid for the
expenses it paid on behalf of the Company.  Accordingly,  the  payments  made on
behalf of the Company have been classified as additional paid-in capital.

NOTE C: INCOME TAXES

The Company  records its income taxes in accordance  with Statement of Financial
Accounting Standard No. 109, "Accounting for Income Taxes". The Company incurred
net  operating  losses  during  the  periods  shown on the  condensed  financial
statements  resulting  in a deferred  tax asset,  which was fully  allowed  for,
therefore the net benefit and expense result in $-0- income taxes.




                                       7
<PAGE>


                      TEDA TECHNOLOGIES INTERNATIONAL, INC.
                 (formerly Express Investments Associates, Inc.)
                          (A Development Stage Company)

                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                                   (Unaudited)

NOTE D: CHANGE IN CONTROL

Effective  February 6, 2001,  1,000,000  shares (100  percent) of the  Company's
issued and outstanding  common stock was sold,  resulting in a change in control
of the Company.  The Company's  business purpose will be to continue to locate a
merger or acquisition  candidate that seeks to become a reporting  company under
the Securities Exchange Act of 1934.

On  November  21,  2000,  the  Company  changed  its  name to TEDA  Technologies
International,  Inc. The name change was filed by the Nevada  Secretary of State
on November 22, 2000.












                                       8

<PAGE>



ITEM 2.  PLAN OF OPERATION

We intend to seek to acquire assets or shares of an entity actively engaged in a
business that generates  revenues,  in exchange for its securities.  We have not
identified  a  particular  acquisition  target  and  have not  entered  into any
negotiations regarding an acquisition.  We intend to contact investment bankers,
corporate   financial   analysts,   attorneys  and  other  investment   industry
professionals through various media.

Depending  upon  the  nature  of  the  relevant  business  opportunity  and  the
applicable  state statutes  governing how the  transaction  is  structured,  the
Company's Board of Directors  expects that it will provide our shareholders with
complete disclosure  documentation  concerning a potential business  opportunity
and the structure of the proposed business combination prior to consummation.

While any disclosure  must include  audited  financial  statements of the target
entity,  we cannot  assure you that such audited  financial  statements  will be
available.  As part of the  negotiation  process,  the Board of  Directors  does
intend to obtain certain assurances of value, including statements of assets and
liabilities,  material  contracts,  accounts  receivable  statements,  or  other
indication of the target entity's condition prior to consummating a transaction.

Due to our intent to remain a shell  corporation  until a merger or  acquisition
candidate is identified,  it is anticipated that its cash requirements  shall be
minimal,  and  that all  necessary  capital,  to the  extent  required,  will be
provided by the directors or officers. We do not anticipate that we will have to
raise  capital in the next twelve  months.  We also do not expect to acquire any
plant or significant equipment.

We have not,  and do not intend to enter into,  any  arrangement,  agreement  or
understanding   with   non-management   shareholders   allowing   non-management
shareholders  to  directly  or  indirectly   participate  in  or  influence  our
management of the Company.  Management  currently holds 90.0% of our stock. As a
result,  management is in a position to elect a majority of the directors and to
control our affairs.

We have no full time  employees.  Our  President  and  Secretary  have agreed to
allocate a portion of their time to our activities, without compensation.

General Business Plan

Our purpose is to seek, investigate and, if investigation  warrants,  acquire an
interest  in  business  opportunities  presented  to it by persons or firms that
desire  to  seek  the  perceived   advantages  of  an  Exchange  Act  registered
corporation. We will not restrict our search to any specific business, industry,
or  geographical  location  and we may  participate  in a  business  venture  of
virtually  any kind or nature.  This  discussion  of the  proposed  business  is
purposefully  general and is not meant to restrict our  discretion to search for
and enter into potential business opportunities.  Management anticipates that it
may be able to


                                       9


<PAGE>



participate  in only one  potential  business  venture  because we have  nominal
assets and limited financial resources.  This lack of diversification  should be
considered a substantial risk to our shareholders  because it will not permit us
to offset potential losses from one venture against gains from another.

We may seek a business  opportunity  with entities that have recently  commenced
operations,  or that wish to utilize  the public  marketplace  in order to raise
additional capital in order to expand into new products or markets, to develop a
new product or service, or for other corporate  purposes.  We may acquire assets
and  establish  wholly  owned  subsidiaries  in  various  businesses  or acquire
existing businesses as subsidiaries.

We anticipate that the selection of a business  opportunity  will be complex and
extremely  risky.  Due  to  general  economic  conditions,  rapid  technological
advances  being made in some  industries  and  shortages of  available  capital,
management believes that there are numerous firms seeking the perceived benefits
of a  publicly  registered  corporation.  The  perceived  benefits  may  include
facilitating or improving the terms for additional  equity financing that may be
sought,  providing  liquidity for incentive stock options or similar benefits to
key  employees,  providing  liquidity  (subject to  restrictions  of  applicable
statutes)  for  all  shareholders  and  other  factors.  Potentially,  available
business  opportunities  may occur in many  different  industries and at various
stages  of  development,  all  of  which  will  make  the  task  of  comparative
investigation and analysis of these business  opportunities  extremely difficult
and complex.

We have, and will continue to have, no capital to provide the owners of business
opportunities  with any significant  cash or other assets.  However,  management
believes  we  will be  able  to  offer  owners  of  acquisition  candidates  the
opportunity to acquire a controlling ownership interest in a publicly registered
company  without  incurring  the cost and time  required  to  conduct  an public
offering.  The  owners  of  the  business  opportunities  will,  however,  incur
significant  legal and  accounting  costs in connection  with  acquisition  of a
business  opportunity,  including the costs of preparing Form 8-K's,  10-KSBs or
10-QSBs,  agreements and related reports and documents. The `34 Act specifically
requires that any merger or  acquisition  candidate  comply with all  applicable
reporting requirements,  which include providing audited financial statements to
be included within the numerous  filings relevant to complying with the `34 Act.
Nevertheless,  the  officers and  directors  of the Company  have not  conducted
market  research and are not aware of  statistical  data that would  support the
perceived  benefits of a merger or acquisition  transaction  for the owners of a
business opportunity.




                                       10
<PAGE>



The analysis of new business  opportunities  will be  undertaken by our officers
and  directors,  none of whom is a  professional  business  analyst.  Management
intends  to  concentrate  on  identifying   preliminary   prospective   business
opportunities that may be brought to our attention through present  associations
of our officers and directors, or by our shareholders.  In analyzing prospective
business opportunities, management will consider:

o    the available technical, financial and managerial resources;

o    working capital and other financial requirements;

o    history of operations, if any;

o    prospects for the future;

o    nature of present and expected competition;

o    the quality and experience of management services that may be available and
     the depth of that management;

o    the potential for further research, development, or exploration;

o    specific  risk  factors not now  foreseeable  but could be  anticipated  to
     impact our proposed activities;

o    the potential for growth or expansion;

o    the potential for profit;

o    the perceived public  recognition of acceptance of products,  services,  or
     trades;

o    name identification; and

o    other relevant factors.

Our officers and directors  expect to meet  personally  with  management and key
personnel  of  the  business  opportunity  as  part  of  their  "due  diligence"
investigation.  To the extent  possible,  the Company intends to utilize written
reports and personal  investigations to evaluate the above factors.  We will not
acquire  or  merge  with any  company  that  cannot  provide  audited  financial
statements on an ongoing basis after closing of the proposed transaction.

Our  management,  while not especially  experienced  in matters  relating to the
prospective new business of the Company,  shall rely upon their own efforts and,
to a much lesser extent,  the efforts of our shareholders,  in accomplishing our
business  purposes.  We do




                                       11
<PAGE>




not anticipate  that any outside  consultants or advisors,  except for our legal
counsel  and  accountants,  will be utilized by us to  accomplish  our  business
purposes.  However,  if we do retain an outside consultant or advisor,  any cash
fee will be paid by the prospective  merger/acquisition candidate, as we have no
cash assets. We have no contracts or agreements with any outside consultants and
none are contemplated.

We will not restrict our search for any specific kind of firms,  and may acquire
a  venture  that  is in its  preliminary  or  development  stage  or is  already
operating. We cannot predict at this time the status of any business in which we
may become engaged,  because the business may need to seek  additional  capital,
may  desire to have its shares  publicly  traded,  or may seek  other  perceived
advantages that we may offer.  Furthermore,  we do not intend to seek capital to
finance  the  operation  of any  acquired  business  opportunity  until  we have
successfully consummated a merger or acquisition.

We anticipate that we will incur nominal expenses in the  implementation  of our
business  plan.  Because we have no capital to pay these  anticipated  expenses,
present management will pay these charges with their personal funds, as interest
free loans. If additional  funding is necessary,  management and or shareholders
will  continue to provide  capital or arrange for  additional  outside  funding.
However,  the only  opportunity  that  management has to have these loans repaid
will be from a prospective  merger or acquisition  candidate.  Management has no
agreements  with us that  would  impede or  prevent  consummation  of a proposed
transaction. We cannot assure, however, that management will continue to provide
capital  indefinitely  if a  merger  candidate  cannot  be  found.  If a  merger
candidate  cannot be found in a  reasonable  period of time,  management  may be
required  to  reconsider  its  business  strategy,  which  could  result  in our
dissolution.

SB-2 Filing

On March 21, 2000, we filed a Form SB-2 (File No.  333-32866) for the purpose of
raising  $200,000.  The funds were to be used to implement  our business plan as
described above,  and to make the company a more attractive  merger candidate by
having cash available for use by the potential target company.  The offering was
to have been conducted under Rule 419. On April 4, 2001, we filed an Application
for Withdrawal of Registration Statement SB-2.

Acquisition of Opportunities

In implementing a structure for a particular business acquisition, we may become
a party to a merger, consolidation,  reorganization, joint venture, or licensing
agreement  with another  corporation  or entity.  We may also  acquire  stock or
assets of an existing  business.  On the  consummation  of a transaction,  it is
probable  that our  present  management  and  shareholders  will no longer be in
control. In addition, our directors may, as part of the terms of the acquisition
transaction,  resign  and be  replaced  by new  directors  without a vote of our
shareholders.  Furthermore,  management may negotiate or consent to the purchase
of all or a portion of our stock. Any terms of sale of the shares presently held
by officers and/or directors will be also afforded to all other  shareholders on
similar terms



                                       12
<PAGE>




and  conditions.  Any and all  sales  will only be made in  compliance  with the
securities laws of the United States and any applicable state.

While the actual terms of a transaction that our shareholders may not be a party
to cannot be  predicted,  it may be expected  that the  parties to the  business
transaction  will find it desirable to avoid the creation of a taxable event and
thereby structure the acquisition in a so-called "tax-free" reorganization under
Sections 368(a)(1) or 351 of the Internal Revenue Code (the "Code"). In order to
obtain tax-free  treatment under the Code, it may be necessary for the owners of
the acquired  business to own 80% or more of the voting  stock of the  surviving
entity.  In that event, the shareholders of the Company would retain 20% or less
of the issued and outstanding shares of the surviving entity, which would result
in significant dilution in the equity of the shareholders.

As part of the "due  diligence"  investigation,  our officers and directors will
meet  personally  with  management  and key  personnel,  may visit  and  inspect
material  facilities,  obtain  independent  analysis of  verification of certain
information provided, check references of management and key personnel, and take
other reasonable  investigative  measures to the extent of our limited financial
resources and management  expertise.  How we will  participate in an opportunity
will depend on the nature of the  opportunity,  the respective needs and desires
of  the  parties,  the  management  of  the  target  company  and  our  relative
negotiation strength.

With  respect to any merger or  acquisition,  negotiations  with target  company
management  are  expected to focus on the  percentage  of our  Company  that the
target  company  shareholders  would  acquire  in  exchange  for  all  of  their
shareholdings  in the target company.  Depending upon,  among other things,  the
target company's assets and liabilities,  our shareholders  will probably hold a
substantially  lesser  percentage  ownership  interest  following  any merger or
acquisition. The percentage ownership may be subject to significant reduction in
the  event  we  acquire  a  company  with  substantial  assets.  Any  merger  or
acquisition effected by us can be expected to have a significant dilutive effect
on the percentage of shares held by our then shareholders.

We will  participate in a business  opportunity  only after the  negotiation and
execution of  appropriate  written  agreements.  Although we cannot  predict the
terms of the  agreements,  generally the  agreements  will require some specific
representations  and  warranties  by all of the parties,  will  specify  certain
events of default, will detail the terms of closing and the conditions that must
be satisfied by each of the parties prior to and after the closing, will outline
the manner of bearing costs,  including costs  associated with our attorneys and
accountants,  will set forth remedies on default and will include  miscellaneous
other terms.

We are subject to the reporting  requirements of the `34 Act.  Included in these
requirements  is our  affirmative  duty to file  independent  audited  financial
statements as part of its Form 8-K to be filed with the  Securities and Exchange
Commission upon consummation of a merger or acquisition,  as well as our audited
financial statements included in our annual report on Form 10-KSB.



                                       13
<PAGE>




Competition

We will remain an insignificant  participant  among the firms that engage in the
acquisition  of  business  opportunities.  There  are many  established  venture
capital and financial  concerns that have  significantly  greater  financial and
personnel  resources and technical expertise than we do. In view of our combined
extremely limited financial  resources and limited management  availability,  we
will continue to be at a significant  competitive  disadvantage  compared to our
competitors.

There is no litigation pending or threatened by or against us.

                                     PART II

ITEM 2.   SALE OF UNREGISTERED SECURITIES

None during the period.

ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

During the  reporting  period,  no matters were  submitted to a vote of security
holders.

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K.

          Filings on Form 8-K.

          On  February  6,  2001,  we filed a Form 8-K  announcing  a Change  in
          Control in that  Richard  Wang,  Jun Zhou,  Peng Chen and  Jingfeng Hu
          acquired 100% of the outstanding stock of the Company from the current
          shareholders.  A lock up  agreement  affecting  396,000  of the common
          shares was  rescinded by the Board of Directors in order to facilitate
          the transaction. A Form 13D on behalf of the new shareholder group was
          filed on February 6, 2001 and  subsequently  amended to reflect proper
          share allocation.

          In the same Form 8K, we advised  that on November  21, 2000 we changed
          our name from Express Investments Associates Inc. to Teda Technologies
          International  Inc.  Such  name  change  was  filed  with  the  Nevada
          Secretary of State on November 22, 2000. We also changed our principal
          place of business on February 6, 2001 to 8980 Fraserwood  Court,  Unit
          #10, Burnaby,  British Columbia,  Canada, V5J 5H7 and our phone number
          to 604-438-3598.



                                       14
<PAGE>


                      TEDA TECHNOLOGIES INTERNATIONAL INC.

                                   SIGNATURES

In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.


                      TEDA TECHNOLOGIES INTERNATIONAL INC.

Date: September 17, 2001                   By: /s/ Jun Zhou
                                               -------------------------------
                                               Jun Zhou, President


                                           By: /s/ Peng Chen
                                               -------------------------------
                                               Peng Chen, Secretary