HONGKONG CHARTER INTERNATIONAL GROUP LIMITED

(PARENT ONLY)

CONDENSED BALANCE SHEET

AS OF SEPTEMBER 30, 2010

(UNAUDITED)

ASSETS
Cash and cash equivalents	$	16,518
Long-term investments		175,858
Total assets	$	192,376
SHAREHOLDERS' LIABILITIES AND EQUITY
Total liabilities	$	-
Stockholders' equity:
Commom Stock, $0.129 par value, 10,000 shares authorized,
1,000 shares issued and outstanding at September 30, 2010	$	129
Additional paid in capital		144,568
Retained earnings		47,679
Total shareholders' equity	$	192,376
Total liabilities and stockholders' equity	$	192,376

HONGKONG CHARTER INTERNATIONAL GROUP LIMITED

(PARENT ONLY)

CONDENSED STATEMENTS OF OPERATIONS

FOR THREE MONTHS ENDED SEPTEMBER 30, 2010

(UNAUDITED)

Revenues	$	-
Cost of revenues		-
Gross profit		-
Operating expenses
Selling, general and administrative		-
Financiall expenses		(129	)
Income (loss) before income taxes(benefits)		(129	)
Provision for income tax (benefits)		-
Net income (loss)		(129	)

HONGKONG CHARTER INTERNATIONAL GROUP LIMITED

(PARENT ONLY)

CONDENSED STATEMENTS OF CASH FLOWS

FOR THREE MONTHS ENDED SEPTEMBER 30, 2010

(UNAUDITED)

Cashflow from operating activities:
Net loss	$	(129	)
Net cash (used) / provided from operating activities		(129	)
Cash flow from investing activities
Return of equity interest investment in a subsidiary		493
Net cash (used) / provided from investing activities		493
Cash flow from financing activities
Cash contribution		-
Investment in subsidiaries		-
Net cash (used) / provided from financing activities		-
Net increase / (decrease) in cash		364
Cash and cash equivalents- Beginning of year	$	16,154
Cash and cash equivalent- End of year	$	16,518
Supplemental disclosures of cash flow information:
Interest paid	$	-
Income taxes paid	$	-