<SUBMISSION>
<ACCESSION-NUMBER>0001204459-11-002412
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>8
<PERIOD>20110830
<ITEMS>1.01
<ITEMS>2.01
<ITEMS>9.01
<FILING-DATE>20110830
<DATE-OF-FILING-DATE-CHANGE>20110830
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>China TMK Battery Systems Inc.
<CIK>0001382702
<ASSIGNED-SIC>3690
<IRS-NUMBER>980506246
<STATE-OF-INCORPORATION>NV
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>333-139660
<FILM-NUMBER>111065299
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>SANJUN INDUSTRIAL PARK
<STREET2>NO. 2 HUAWANG RD., DALANG STREET
<CITY>BAO'AN DISTRICT, SHENZHEN
<STATE>F4
<ZIP>518109
<PHONE>(86) 755 28109908
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>SANJUN INDUSTRIAL PARK
<STREET2>NO. 2 HUAWANG RD., DALANG STREET
<CITY>BAO'AN DISTRICT, SHENZHEN
<STATE>F4
<ZIP>518109
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>Deerfield Resources, Ltd.
<DATE-CHANGED>20061205
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>Deerfield Resources, Inc.
<DATE-CHANGED>20061205
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>


<HTML>
<HEAD>
   <TITLE>China TMK Battery Systems Inc.: Form 8-K - Filed by newsfilecorp.com</TITLE>

</HEAD>

<BODY style="font-size:10pt;">

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<P align=center><B><FONT size=5>UNITED STATES </FONT></B><BR><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION </FONT><BR></B><B>WASHINGTON, D.C.
20549 </B></P>
<P align=center><B><FONT size=5>FORM 8-K </FONT></B></P>
<P align=center><B>CURRENT REPORT <BR>Pursuant to Section 13 or 15(d) of the
</B><B>Securities Exchange Act of 1934 </B></P>
<P align=center>Date of Report (Date of Earliest event Reported): August 30,
2011 (July 14, 2009) </P>
<P align=center><B><FONT size=5>CHINA TMK BATTERY SYSTEMS INC.
<BR></FONT></B><I>(Exact name of registrant as specified in its charter)
</I></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=center><B>Nevada </B></TD>
    <TD align=center width="33%"><B>333-139660 </B></TD>
    <TD align=center width="33%"><B>98-0506246 </B></TD></TR>
  <TR vAlign=top>
    <TD align=center><I>(State or other jurisdiction of </I></TD>
    <TD align=center width="33%"><I>(Commission File Number) </I></TD>
    <TD align=center width="33%"><I>(IRS Employer Identification No.)
  </I></TD></TR>
  <TR vAlign=top>
    <TD align=center><I>incorporation or organization) </I></TD>
    <TD align=left width="33%">&nbsp; </TD>
    <TD align=left width="33%">&nbsp; </TD></TR></TABLE>
<P align=center><B>Sanjun Industrial Park <BR></B><B>No. 2 Huawang Rd., Dalang
Street <BR></B><B>Bao'an District, Shenzhen 518109 <BR></B><B>People's Republic
of China <BR></B><I>(Address of principal executive offices) </I></P>
<P align=center><B>(86) 755 28109908 <BR></B><I>(Registrant's telephone number,
including area code) </I></P>
<P align=center><I>____________________________________________<BR>(Former name
or former address, if changed since last report) </I></P>
<P align=justify>Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (<U>see </U>General Instruction A.2. below):</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left >[&nbsp; &nbsp;] </TD>
    <TD align=left width="95%">Written communications pursuant to Rule 425
      under the Securities Act (17 CFR 230.425) </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="95%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >[&nbsp;&nbsp; ] </TD>
    <TD align=left width="95%">Soliciting material pursuant to Rule 14a-12
      under the Exchange Act (17 CFR 240.14a-12) </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="95%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >[&nbsp; &nbsp;] </TD>
    <TD align=left width="95%">Pre-commencement communications pursuant to
      Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d- 2(b)) </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="95%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >[&nbsp; &nbsp;] </TD>
    <TD align=left width="95%">Pre-commencement communications pursuant to
      Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e- 4(c))
</TD></TR></TABLE><BR>
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<P align=justify><B>Item 1.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entry Into a
Material Definitive Agreement.</B></P>
<P align=justify>On July 14, 2009, the local State Administration for Industry
and Commerce (the &#147;AIC&#148;) of the People's Republic of China (the &#147;PRC&#148;) approved
the acquisition of a 100% ownership interest of Shenzhen Borou Industrial Co.,
Ltd. (&#147;Borou&#148;) by TMK Power Industries (SZ) Co., Ltd. (&#147;TMK&#148;), the operating
subsidiary of China TMK Battery Systems Inc. (the &#147;Company&#148;). The transaction
was consummated pursuant to a property purchase agreement, dated October 10,
2008, between Shenzhen Deli Investment Development Ltd. , Borou and Ming Yang,
the controlling shareholder of Borou at the time, as amended by a supplemental
agreement of ownership transfer, dated January 10, 2009, by and among, TMK,
Borou.and Ming Yang, and a second supplemental agreement of ownership transfer,
dated July 25, 2009, by and between TMK and Borou, pursuant to which TMK
acquired Borou for RMB 23,869,000 (or approximately $3,490,826). </P>
<P align=justify>Borou was incorporated in the city of Shenzhen, Guangdong
Province, China, in November 2003 for the purpose of engaging in domestic and
international trade. Borou owns one office unit in a commercial building and
seven retail shops, which on the acquisition date had an aggregate fair value of
approximately $4,661,154, representing 13% of the Company&#146;s total assets on a
consolidated basis as of December 31, 2009. </P>
<P align=justify>The foregoing summary of the material terms of the property
purchase agreement as supplemented is qualified in its entirety by reference to
the property purchase agreements and supplements, copies of which are attached
hereto as Exhibits 10.1, 10.2 and 10.3, and incorporated by reference herein.
<font FACE="Times New Roman" SIZE="2">For more details regarding the acquisition
of Borou see &quot;Note 3 Acquisitions&quot; to the Company&#146;s audited financial statements
for fiscal year 2010, included in the Company&#146;s 10K filed on March 31, 2011.</font><font FACE="Times New Roman" SIZE="3">
</font></P>
<P align=justify>
<b>Item 2.01</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <B>Completion of
Acquisition or Disposition of Assets.</B></P>
<P align=justify>On July 14, 2009, the Company&#146;s subsidiary, Shenzhen TMK Power
Industries Ltd., completed the acquisition of 100% of the ownership interest of
Shenzhen Borou Industrial Co., Ltd. As a result of the transaction, Borou became
the Company&#146;s indirect wholly-owned subsidiary. Further information regarding
the acquisition is provided above under Item 1.01 of this Current Report. </P>
<P align=justify><b>Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Statement
and Exhibits.</b></P>
<P align=justify><I>(a) Financial Statements of Businesses Acquired.</I> </P>
<P align=justify>The financial statements of Borou are attached hereto as
Exhibit 99.1. </P>
<P align=justify><I>(b) Pro-forma Financial Information.</I> </P>
<P align=justify>The unaudited pro forma consolidated financial statements of
the Company are also attached hereto as Exhibit 99.2. </P>
<P align=justify><I>(d) Exhibits </I></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left ><B><U>Number</U></B> </TD>
    <TD align=left width="90%"><B><U>Description</U></B> </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#eeeeee ><a href="exhibit10-1.htm">10.1 </a> </TD>
    <TD align=left width="90%" bgColor=#eeeeee>
      <P align=justify><a href="exhibit10-1.htm">English Translation of Property
      Purchase Agreement, dated October 10, 2008, by and among, TMK Power
      Industries (SZ) Co., Ltd., Shenzhen Borou Industrial Co., Ltd. and
      Shenzhen Deli Investment Development Ltd.</a></P></TD></TR>
  <TR vAlign=top>
    <TD align=left ><a href="exhibit10-2.htm">10.2</a></TD>
    <TD align=left width="90%">
      <font FACE="Times New Roman" SIZE="2"><a href="exhibit10-2.htm">English
      Translation of Supplemental Agreement of the Property Purchase Agreement,
      dated January 10, 2009, by and between, TMK Power Industries (SZ) Co.,
      Ltd. and Shenzhen Borou Industrial Co., Ltd. </a></font></TD></TR>
  <TR vAlign=top>
    <TD align=left bgcolor="#EEEEEE" ><a href="exhibit10-3.htm">10.3</a></TD>
    <TD align=left width="90%" bgcolor="#EEEEEE">
      <font FACE="Times New Roman" SIZE="2"><a href="exhibit10-3.htm">English
      Translation of Supplemental Agreement of Ownership Transfer on Acquisition
      of Borou, dated July 25, 2009, by and between, TMK Power Industries (SZ)
      Co., Ltd. and Wang, Hui (Shenzhen Borou Industrial Co., Ltd.) </a></font></TD></TR>
  <TR vAlign=top>
    <TD align=left ><a href="exhibit23-1.htm">23.1 </a> </TD>
    <TD align=left width="90%">
      <P align=justify><a href="exhibit23-1.htm">Consent of MaloneBailey, LLP
      </a> </P></TD></TR>
  <TR vAlign=top>
    <TD align=left bgcolor="#EEEEEE" ><a href="exhibit99-1.htm">99.1 </a> </TD>
    <TD align=left width="90%" bgcolor="#EEEEEE">
      <P align=justify><a href="exhibit99-1.htm">Financial Statements of Shenzhen Borou Industrial Co.,
      Ltd. </a> </P></TD></TR>
  <TR vAlign=top>
    <TD align=left ><a href="exhibit99-2.htm">99.2 </a> </TD>
    <TD align=left width="90%">
      <P align=justify><a href="exhibit99-2.htm">Unaudited Pro forma Consolidated Financial Statements of
      the Company </a> </P></TD></TR></TABLE><BR>
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<P align=center><B>SIGNATURE </B><B></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized. </P>
<TABLE
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  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="50%">CHINA TMK BATTERY SYSTEMS INC. </TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left>Dated: August 30, 2011 </TD>
    <TD align=left width="50%">By: <U>/s/ Jin
      Hu&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;</U></TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="50%">&nbsp;&nbsp; &nbsp;&nbsp; &nbsp;Jin Hu </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="50%">&nbsp; &nbsp; &nbsp; &nbsp;Chief Financial
      Officer </TD></TR></TABLE><BR>
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<P align=center><B>EXHIBIT INDEX</B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left ><B><U>Number</U></B> </TD>
    <TD align=left width="90%"><B><U>Description</U></B> </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#eeeeee ><a href="exhibit10-1.htm">10.1 </a> </TD>
    <TD align=left width="90%" bgColor=#eeeeee>
      <P align=justify><a href="exhibit10-1.htm">English Translation of Property
      Purchase Agreement, dated October 10, 2008, by and among, TMK Power
      Industries (SZ) Co., Ltd., Shenzhen Borou Industrial Co., Ltd. and
      Shenzhen Deli Investment Development Ltd.</a></P></TD></TR>
  <TR vAlign=top>
    <TD align=left ><a href="exhibit10-2.htm">10.2</a></TD>
    <TD align=left width="90%">
      <font FACE="Times New Roman" SIZE="2"><a href="exhibit10-2.htm">English
      Translation of Supplemental Agreement of the Property Purchase Agreement,
      dated January 10, 2009, by and between, TMK Power Industries (SZ) Co.,
      Ltd. and Shenzhen Borou Industrial Co., Ltd. </a></font></TD></TR>
  <TR vAlign=top>
    <TD align=left bgcolor="#EEEEEE" ><a href="exhibit10-3.htm">10.3</a></TD>
    <TD align=left width="90%" bgcolor="#EEEEEE">
      <font FACE="Times New Roman" SIZE="2"><a href="exhibit10-3.htm">English
      Translation of Supplemental Agreement of Ownership Transfer on Acquisition
      of Borou, dated July 25, 2009, by and between, TMK Power Industries (SZ)
      Co., Ltd. and Wang, Hui (Shenzhen Borou Industrial Co., Ltd.) </a></font></TD></TR>
  <TR vAlign=top>
    <TD align=left ><a href="exhibit23-1.htm">23.1 </a> </TD>
    <TD align=left width="90%">
      <P align=justify><a href="exhibit23-1.htm">Consent of MaloneBailey, LLP
      </a> </P></TD></TR>
  <TR vAlign=top>
    <TD align=left bgcolor="#EEEEEE" ><a href="exhibit99-1.htm">99.1 </a> </TD>
    <TD align=left width="90%" bgcolor="#EEEEEE">
      <P align=justify><a href="exhibit99-1.htm">Financial Statements of Shenzhen Borou Industrial Co.,
      Ltd. </a> </P></TD></TR>
  <TR vAlign=top>
    <TD align=left ><a href="exhibit99-2.htm">99.2 </a> </TD>
    <TD align=left width="90%">
      <P align=justify><a href="exhibit99-2.htm">Unaudited Pro forma Consolidated Financial Statements of
      the Company </a> </P></TD></TR></TABLE><BR>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>



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   <TITLE>TMK Battery Co. Ltd: Exhibit 10.1 - Filed by newsfilecorp.com</TITLE>

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<P align="right">
<b>Exhibit 10.1</b></P>

<P align="center">
<B>Property Purchase Agreement</B><BR>
</P>
<P align="justify">
<B>The seller </B>(hereafter to be called party A)<br>
1.Shenzhen Deli Investment Development Ltd. <br>
Legal Representative: Wang, Wei <br>
Address: North Renmin Road, Luohu District, Shenzhen</P>
<P align="justify">
2. Shenzhen Borou Industrial Co., Ltd. (the &#147;Borou&#148;) <br>
Legal Representative: Wang, Hui <br>
Address: North Renmin Road, Luohu District, Shenzhen</P>
<P align="justify">
<B>The buyer </B>(hereafter to be called party B) TMK Power Industries (SZ) Co., Ltd. (the &#147;TMK&#148;)
<br>
Representative: Wu, Henian ID:422126196309072018 <br>
Address: No.2, Dalang Street, Bao&#146;an District, Shenzhen </P>
<P align="justify">
<B>The actual controller of the property </B>(hereafter to be called party C):
<br>
Yang, Ming </P>
<P align="justify">
<B>Guaranteed by</B>: Shenzhen Import and Export Exhibition Center (hereafter to be called party D)
<br>
Legal representative: Yang Ming <br>
Address: North Renmin Road, Luohu District, Shenzhen </P>
<P align="justify">
As the related national regulations and laws as well as those of Shenzhen city of Guangdong Province, the parties have reached the agreement as follows: </P>
<P align="justify">
<B>Item1</B>: The basic situation of the property purchased </P>
<P align="justify">
1.&nbsp; The property of the seller includes two office units, unit 4-4 and unit 4-3 located at the fourth floor of Shihao Mansion. </P>
<P align="justify">
2.&nbsp; The building area is 1661.81 square meters (the building area of property under Borou is
834.76 square meter, the building area of property under Deli is 827.05 square meters).  </P>
<P align="justify">
3.&nbsp; Usage of the property is for commerce and finance. Property number is NO.2000275882 and NO.2000343120.<SUP> </SUP></P>
<P align="justify">
<B>Item2</B>: Property of land-use right</P>
<p>1.&nbsp;&nbsp; The buyer gets the land use right in the form of transfer.</p>
<p>2.&nbsp;&nbsp; The land use right is valid from July 4, 1997 until July 3, 2067.</p>
<P align="justify">
<B>Item3</B>: Purchase price
</P>
<P align="justify">
1.&nbsp; After rounds of negotiation, based on evaluation of the surrounding environment, the transfer price is set at 25,000 RMB per square meter and the total
purchase price of Shihao Mansion unit 4-3 and 4-4 is RMB 41,545,250.00.  </P>

<P align="justify">
2. Two parties agreed to handle the transfer in the form of asset transfer and equity transfer, which means the title of property under the name of Deli will be
transferred to Borou and then all the equity of Borou will be transferred to Party B.  All the other assets
owned by Borou as well as operating performance and marketing network of Borou will be transferred to Party B, the value of all the other resources is also included in this transfer. Two parties agreed to enter into another equity transfer agreement and handle the procedures of transfer registration. The actual paid price of the equity transfer price is included in the total price discussed
above. The transfer of registration will be handled according to registered capital in process of business registration.  </P>

<P align="justify">
3. Party C and party D agree to help
party B introduce the battery and related products to Wal-Mart and African sales exhibition with annual amount not less than 100M RMB for the benefit of party B and agree not to charge any entrance fee, promotion fee or
usage of quota fee for three years. Party A promises not to conduct exhibition and sales business with all batteries manufactured by other battery manufacture companies.</P>

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<P align="justify">
<B>Item4</B>: Method of payment </P>
<P align="justify">
 The transfer payment shall be paid in five installments according to two
 parties&#146; negotiation:  </P>
<P align="justify">
 1.&nbsp;&nbsp; Within 3 days after the signing date of this contract, party B shall pay 5
 million RMB of purchase money to party A or the account designated by party A;&nbsp;  </P>
<P align="justify">
 2.&nbsp;&nbsp; Within 30 days after the signing date of this contract, party B shall pay 15
 million RMB of purchase money to party A or the account designated by party A;  </P>
<P align="justify">
 3.&nbsp; Within 60 days after the signing date of this contract, party B shall pay 25
 million RMB of purchase money to party A or the account designated by party A;  </P>
<P align="justify">
 4.&nbsp;&nbsp; Within 90 days after the signing date of this contract, party B shall pay 35
 million RMB of purchase money to party A or the account designated by party A;  </P>
<P align="justify">
 5.&nbsp;&nbsp; Within 100 days after the signing date of this contract, party B shall pay
 off the purchase payment as specified in Item1 to party A or the account
 designated by party A.  </P>
<P align="justify">
<B>Item5</B>: Payment Period </P>
<P align="justify">
1.&nbsp;
Party A shall move out of the property upon receiving the fourth installment payment stated in Item 4</P>
<P align="justify">
2.&nbsp; Party A can continue to use the office unit before it officially move out of the property, however party A needs to keep the completeness of the property right and should not transfer, lease or lend any of the property to other third parties.
Party B agrees that party A is exempt from rent before party A officially moves
out of the property.<BR>
</P>

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<P align="justify">
<B>Item6: </B>Party B&#146;s responsibility of breach of contract for overdue payment </P>

<P align="justify">
1. If party B doesn&#146;t pay the money according to the provisions of Item4, Party
A has right to pursue penalty and overdue interests. Overdue interests begin to
count from the 15th day after the time limit for the payment; month interest
rate is calculated at 3%. </P>
<P align="justify">
2. If party B fails to perform the contract more than 90 days overdue. Party A
shall be entitled to charge party B with the responsibility of breach of
contract: </P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Party A can terminate the contract,
party B shall pay 10% of accumulated purchase payables as liquidated damages to
party A. </P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(2) Party B pays 15% of accumulated purchase payables as liquidated damages to party A and continues to perform the contract. </P>
<P align="justify">
<B>Item7</B>: Party A&#146;s responsibility of breach of contract for overdue delivery of property. </P>
<P align="justify">
1.&nbsp;&nbsp; Except irresistible natural disasters, if party A fails to deliver
the property to party B within the time limit, Party B has right to pursue
penalty and overdue interests according to the paid payment. Overdue interests
begin to count from the 15th day after the time limit for delivery of housing,
monthly interest rate is calculated at 3%. Monthly interest rate will be calculated
at 5% from the 91st day. </P>
<P align="justify">
2.&nbsp;&nbsp; If party A fails to perform the contract more than five months
overdue, Party B shall be entitled to charge party A with the responsibility of
breach of contract.</P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp; (1 ) Party B can terminate the contract; party A shall
pay 10% of paid amount by party B as liquidated damages to party B. </P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;
(2)&nbsp; Party A pays 20% of paid amount made by party B as liquidated damages to party B and continues to perform the contract. </P>
<P align="justify">
<B>Item8: </B>Property title registration  </P>
<P align="justify">
1. The property under the name of Deli will be transferred to Borou and then Borou&#146;s ownership will be transferred to Party B as a whole. The 100% ownership of Shenzhen Borou Industrial Co., Ltd. will be transferred to TMK Power Industries (SZ)
Co., Ltd. by way of ownership transfer. TMK will hold 100% ownership of Borou immediately after the transfer takes effect including two office units specified in Item1, thus, there is no need to change the title of units from Borou to TMK with the
Land and Resources Bureau. </P>
<P align="justify">
2.Party A and C shall ensure that the equity have not any defects, and also have not undertaken any form of mortgage, pledge, and also not signed any legal document such as agreement to waive interests. </P>
<P align="justify">
3.Party A and party C undertake to sign ownership transfer agreement and handle ownership transfer notarization formalities within 180 days after the agreement comes into effect, and complete ownership transfer alteration registration procedures
within a month after ownership transfer notarization formalities are completed. </P>

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      <P align=justify><FONT color=#000000>4. Party A and Party C guarantee that
      the property has not participated in any form of rights abolition. If the
      property has participated in such activities, Party A and D shall bear all
      related Party B losses.</FONT></P>
<p><B><FONT color=#000000>Item9 Rights guarantee </FONT></B></p>
<P align=justify><FONT color=#000000>1. Party A and Party C guarantee that Party
A and the property does not involve any form of debt, including but not limited
to direct, indirect, intangible or established; to protect Party B, Wang, Hui and
Party C present the guarantee writing of unlimited responsibility. </FONT></P>
<P align=justify><FONT color=#000000>2. Party D is the company under control of
party C, party D will provide joint liability guarantee as follows: </FONT></P>
<P align=justify style="margin-left: 1%"><FONT color=#000000>(1) Offer guarantee for the integrity and
authenticity of the transferred property </FONT></P>
<P align=justify style="margin-left: 1%"><FONT color=#000000>(2) Offer guarantee for the integrity and
authenticity of Party A&#146;s shareholders' transferred ownership </FONT></P>
<P align=justify style="margin-left: 1%"><FONT color=#000000>(3) Offer guarantee when party B pays off
payment, party A and party C handle the delivery of the property in time; </FONT></P>
<P align=justify style="margin-left: 1%"><FONT color=#000000>(4) The property has no property right
dispute at transaction. Party A will undertake all the responsibility if any
dispute. </FONT></P>
<P align=justify><B><FONT color=#000000>Item10 Notice</FONT></B><BR></P>
<P align=justify><FONT color=#000000>1. Under this contract any requirement and
notice from any party must be in writing. </FONT></P>
<P align=justify><FONT color=#000000>2. The correspondence from any party
related to this contract will be sent to the address of respective legal
representatives. </FONT></P>
<P align=justify><FONT color=#000000>3. If one party changes address, this party
shall within 5 days from the date of change, in writing, notify the other
parties; otherwise, shall bear the responsibility caused by the change.
</FONT></P>
<P align=justify><B><FONT color=#000000>Item11 Change of the agreement
</FONT></B></P>
<P align=justify><FONT color=#000000>During the fulfillment period of this
contract, if any party needs to change any clause caused by a special situation,
it shall inform the others in writing. The parties within the prescribed time
limit (in writing given 15 days notice) shall sign an agreement in writing in
order for the change to be effective. This agreement will then become an
integral part of the contract. Without a written agreement signed by all parties,
any party is not entitled to change the contract; otherwise, this party is
responsible for the economic </FONT>losses of the other parties resulting from the responsible party. </P>
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<P align="justify">
<B>Item12 </B>Transfer of contract<SUP> </SUP></P>
<P align="justify">
Except as otherwise provided or by mutual consent, the provisions of the rights and obligations of the parties, any party without the prior written consent of the consent of the other party may not  transfer to the third party. Any transfer, without
the express consent of the other party in writing, shall be void. </P>
<P align="justify">
<B>Item13 </B>Deal with disputes </P>
<P align="justify">
1. This contract is under the law of the People's Republic of China and shall be
governed by the law and construed according to its interpretation </P>
<P align="justify">
2. This contract in the performance of the process of disputes, by both parties
consultation solution, or by relevant departments to mediate. If negotiation or
mediation proves unsuccessful, the dispute should be solved step by step: </P>
<P align="justify" style="margin-left: 1%">
(1)&nbsp; Submit to Shenzhen Economic Arbitration Committee <br>
<br>
(2)&nbsp; Sue to court lawfully </P>
<P align="justify">
<B>Item14 </B>Force majeure </P>
<P align="justify">
 1. If any party in this contract fails to perform in whole or in part obligation under this contract due to force majeure events, the performance of the obligation which is interfered by the event of force majeure shall be terminated during the
period. </P>
<P align="justify">
2. The party who claims to have been affected by Force majeure events shall notify in writing the other party the occurrence of force majeure events as soon as possible, and within 15 days after the occurrence of such force majeure event provide
proper proof of such force majeure and its duration and written information showing the contract can&#146;t be performed or need be delayed. The party who claimed that such force majeure caused the failure of the performance of the contract in fact
has the responsibility to make every reasonable effort to eliminate or mitigate the impact of such force majeure.</P>
<P align="justify">
3. In case Force majeure event occurs, the parties shall decide through friendly consultations how to implement this contract. Shortly
after the Force Majeure Event or effect terminates or eliminates, the parties shall immediately resume the performance of their respective obligations under the contract. If such force majeure and its effect cannot be terminated or eliminated,
which results in the loss of either party's ability to continue the contract, both parties can terminate the contract or temporarily delay the performance of the contract by consultation and the party who suffered from the force majeure takes no
responsibility. If the party delayed to perform the contract and then the force majeure occurred, the party is not exempt from liability. </P>
<P align="justify">
4. The force majeure in this contract refers to any such occurrence: the affected party cannot reasonably control, expect the occurrence or the party can expect but is unable to overcome the occurrence. The occurrence occurs after the signing date
and makes it objectively impossible or impractical to perform the contract in whole or in part. These events include but are not limited to natural disasters such as floods, fires, droughts, typhoons, earthquakes, and social events such as war
(whether or not declared), riots, strikes, government action or legal requirements, etc.</P>

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<P align="justify">
<B>Item15</B> Interpretation of contract<BR>
</P>
<P align="justify">
For any outstanding issues or unclear contract terms, the contract parties may contract in accordance with the principle purpose of the contract, the transaction practices and the terms associated with the content, in accordance with the usual
understanding of a reasonable explanation of the contract. The interpretation is binding unless the interpretation is contrary to law or this contract. </P>
<P align="justify">
<B>Item16</B> Complement and accessories </P>
<P align="justify">
For unmentioned matters that are not prescribed by laws or regulations, the parties may reach a written supplementary contract. Any amendment to the contract and supplemental contracts will become an integral part of this contract, and has the same
legal effect. </P>
<P align="justify">
<B>Item17</B> The effectiveness of the contract </P>
<P align="justify">
1.This contract will become effective on the date of four parties&#146;
representatives or its authorized representatives signing with company seal on
the contract ; </P>
<P align="justify">
2.This agreement is in eight copies, each of four parties has two copies and
each has the same legal effect. </P>
<P align="justify">
3.Any amendment to the contract and supplemental contracts entered after this contract will become an integral part of this contract, and has the same legal effect. </P>
<P align="justify">
Party A:&nbsp; Shenzhen Deli Investment Development Ltd. <br>
Legal Representative: Wang, Wei (signature) </P>
<P align="justify">
Shenzhen Borou Industrial Co., Ltd.  <BR>
Representative: Wang, Hui (signature)<BR>
</P>
<P align="justify">
Party B) TMK Power Industries (SZ) Co., Ltd. <br>
Representative: Wu, Henian (signature) </P>
<P align="justify">
Party C: <BR>
Yang, Ming (signature)</P>

<P align="justify">
Party D: <br>
Legal representative: Yang, Ming (signature)</P>

<P align="justify">
The Place of Signing contract: Office of Party D at North Renmin Road of Luohu District, Shenzhen city
<br>
The Date of Signing: October 10, 2008 </P>

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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>exhibit10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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   <TITLE>China TMK Battery Systems Inc.: Exhibit 10.2 - Filed by newsfilecorp.com</TITLE>
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<P align="right">
<b>Exhibit 10.2</b></P>

<P align="center">
<B><font size="3">Supplemental Agreement of the Property Purchase Agreement
</font> </B></P>
<P align="justify">
<B>The seller </B>(hereafter to be called party A): <br>
Shenzhen Borou Industrial Co., Ltd. (the &ldquo;Borou&rdquo;) <br>
Legal Representative: Wang, Hui <br>
Address: North Renmin Road, Luohu District, Shenzhen </P>
<P align="justify">
<B>The buyer</B> (hereafter to be called party B):<br>
TMK Power Industries (SZ) Co., Ltd. (the &ldquo;TMK&rdquo;) <br>
Representative: Wu, Henian <br>
Address: No.2, Dalang Street, Bao&rsquo;an District, Shenzhen </P>
<P align="justify">
<B>The actual controller of the property </B>(hereafter to be called party C):
<br>
Yang, Ming </P>
<P align="justify">
<B>Guaranteed by</B>: Shenzhen Import and Export Exhibition Center (hereafter to be called party D):<br>
&nbsp;Legal representative: Yang Ming <br>
Address: North Renmin Road, Luohu District, Shenzhen </P>
<P align="justify">
<B>The original seller </B>(hereafter to be called party E):<B> <br>
</B>Shenzhen Deli Investment Development Ltd. <br>
Legal Representative: Wang, Wei <br>
Address: North Renmin Road, Luohu District, Shenzhen </P>
<P align="justify" style="text-indent: 5%">
The parties signed a Property Purchase Agreement on October 10, 2008. Since then the parties made certain amendments and after friendly negotiation the parties agree that the agreement signed on October 10, 2008 be invalid on the date of signing
this supplemental agreement and the parties are to act in accordance with this supplemental agreement.  </P>
<P align="justify" style="text-indent: 5%">
Under the related national regulations and laws as well as those of Shenzhen city of Guangdong Province, the parties have reached the agreement as follows: </P>
<P align="justify">
<B>Item1</B>: The basic situation of the property purchased </P>
<P align="justify">
1. The property of the seller includes one office unit located at the fourth floor of Shihao
Mansion </P>
<P align="justify">
2. The building area is 834.76 square meters. </P>
<P align="justify">
3. Usage of the property is for commerce and finance. Property number is NO.200034203120. </P>
<P align="justify">
<B>Item2</B>: Property of land use right </P>
<P align="justify">
1. The buyer gets the land use right in the form of transfer. </P>
<P align="justify">
2. The land use right is valid from July 4, 1997 until July 3, 2067. </P>
<P align="justify">
<B>Item3</B>: Purchase price </P>
<P align="justify">
1. The total purchase price of Shihao Mansion unit 4-3 is RMB<U> 20,869,000.00</U>. </P>
<P align="justify">
2. Two parties agreed to handle the transfer in the form of asset transfer and equity transfer, which means the ownership of Borou will be transferred to Party B in accordance with the registered price of
the registered capital. All the other assets owned by Borou as well as operating performance and marketing network of Borou will be transferred to Party B, the value of all the other resources is also included in this transfer. Two parties agreed to
enter into another ownership transfer agreement and handle the procedures of transfer registration. </P>

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<P align="justify">
3. Party C and party D agree to help party A introduce the battery and related products to Wal-Mart and African sales exhibition with annual amount not less than 100M RMB for the benefit of party A.  </P>
<P align="justify">
4. Shenzhen Deli Investment Development Limited (Deli), which owns unit 4-4 of Shihao Building located at North Renmin Road, planned to transfer this office unit to Borou based upon the original property purchase agreement signed by the parties on
October 10, 2008. Due to the title transfer issue, Deli will not transfer this unit to Borou, as such party E (Deli) is no longer regarded as a seller in this supplemental agreement.  </P>
<P align="justify">
<B>Item4</B>: Method of payment <br>
The transfer payment shall be paid in five installments according to two parties&rsquo; negotiation: </P>
<P align="justify">
1. Within 3 days after the signing date of this contract, party B shall pay 1.25 million RMB of purchase money to party A or the account designated by party A;  </P>
<P align="justify">
2. Within 30 days after the signing date of this contract, party B shall pay 3.75 million RMB of purchase money to party A or the account designated by party A;  </P>
<P align="justify">
3. Within 60 days after the signing date of this contract, party B shall pay 6.25 million RMB of purchase money to party A or the account designated by party A;  </P>
<P align="justify">
4. Within 90 days
after the signing date of this contract, party B shall pay 8.75 million RMB of purchase money to party A or the account designated by party A;  </P>
<P align="justify">
5. Within 100 days after the signing date of this contract, party B shall pay off the purchase payment as
specified in Item1 to party A or the account designated by party A.  </P>
<P align="justify">
<B>Item5</B>: Term of delivery <br>
1. Party A should conduct check-out matters after receiving the fourth installment of payment regulated in article 4 of this contract from party B </P>
<P align="justify">
2. Party A can continue to use the office unit before it officially move out of the property, however party A needs to keep the completeness of the property right and should not transfer, lease or lend any of the property to other third parties.
Party B agrees that party A is exempt from rent before party A officially moves out of the property. </P>
<P align="justify">
<B>Item6: </B>Party B&rsquo;s responsibility of breach of contract for overdue payment
<br>
1. If party B doesn&rsquo;t pay the money according to the provisions of Item 4, Party A has right to pursue penalty and overdue interests. Overdue interests begin to count from the 15th day after the time limit for the payment; monthly interest rate
is calculated at 3%. </P>
<P align="justify">
2. If party B fails to perform the contract for more than 90 days, Party A shall
be entitled to charge party B with the responsibility of breach of contract: </P>
<P align="justify">
(1) Party A can terminate the contract, party B shall pay 10% of accumulated
purchase payables as liquidated damages to party A. </P>
<P align="justify">
(2) Party B pays 15% of accumulated purchase payables as liquidated damages to party A and continues to perform the contract. </P>

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<P align="justify">
<B>Item7</B>: Party A&rsquo;s responsibility of breach of contract for overdue delivery of property.
<br>
1. Except for irresistible natural disasters,If party A fails to deliver the property to party B within the time limit, Party B has right to pursue penalty and overdue interests according to the paid payment. Overdue interests begin to count from
the 15th day after the time limit for delivery of property, monthly interest rate is calculated at 3%. Monthly interest rate will be calculated at 5% from the 91st day. </P>
<P align="justify">
2. If party A fails to perform the contract for more than five months, Party B shall be entitled to charge party A with the responsibility of breach of contract. </P>
<P align="justify">
(1)Party B can terminate the contract; party A shall pay 10% of paid amount by party B as liquidated damages to party B. </P>
<P align="justify">
(2)Party A pays 20% of paid amount made by party B as liquidated damages to party B and continues to perform the contract. </P>
<P align="justify">
<B>Item8: </B>Property title registration <br>
1. The 100% ownership of Shenzhen Borou Industrial Co., Ltd. will be transferred to TMK Power Industries (SZ) Co., Ltd. by way of ownership transfer. TMK will hold 100% ownership of Borou immediately after the transfer takes effect including the
office unit specified in Item1, thus, there is no need to change the title of units from Borou to TMK with the Land and Resources Bureau.  </P>
<P align="justify">
2. Party A and C shall ensure that the equity have not any defects, and also have not undertaken any form of mortgage, pledge, and also not signed any legal document such as agreement to waive interests. </P>
<P align="justify">
3. Party A and party C undertake to sign ownership transfer agreement and handle ownership transfer notarization formalities within 180 days after the agreement comes into effect, and complete ownership transfer alteration registration procedures
within a month after ownership transfer notarization formalities are completed. </P>
<P align="justify">
4. Party A and C shall ensure that the property has not any form of action to give up any interest. If this action does exist, Party A and C should be responsible for any damages of Party B caused by this action. </P>
<P align="justify">
<B>Item9 </B>Rights guarantee <br>
1. Party A and C shall ensure that Party A and the property do not have any form of debt, including but not confined to direct, indirect, hidden or established debt. In order to ensure the right of Party B not to be violated, Party A and C shall
provide the guarantee of unlimited liability. </P>
<P align="justify">
2. Party D is the company under control of party C, party D will provide joint
liability guarantee as follows:   </P>

<P align="justify">
(1)Offer guarantee for the integrity and authenticity of the transferred
property   </P>

<P align="justify">
(2)Offer guarantee for the integrity and authenticity of Party A&#146;s shareholders'
transferred ownership   </P>

<P align="justify">
(3)Offer guarantee when party B pays off payment, party A and party C handle the
delivery of the property in time;   </P>

<P align="justify">
(4)The property has no property right dispute at transaction. Party A will
undertake all the responsibility if any dispute.   </P>

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<P align="justify">
<B>Item10</B> Notice <br>
1. Under this contract any requirement and notice from any party must be in writing. </P>
<P align="justify">
2. The correspondence from any party related to this contract will be sent to the address of respective legal representatives. </P>
<P align="justify">
3.If one party changes address, this party shall within 5 days from the date of change, in writing, notify the other parties; otherwise, shall bear the responsibility caused by the change. </P>
<P align="justify">
<B>Item11 </B>Change of the agreement <br>
During the fulfillment period of this contract, if any party needs to change any clause caused by a special situation, it shall inform the others in writing. The parties within the prescribed time limit (in writing given 15 days notice) shall sign
an agreement in writing in order for the change to be effective. This agreement will then become an integral part of the contract. Without a writing signed by all parties, any party is not entitled to change the contract; otherwise, this party is
responsible for the economic losses of the other parties resulting from the responsible party. </P>
<P align="justify">
<B>Item12 </B>Transfer of contract <br>
Except as otherwise provided or by mutual consent, the provisions of the rights and obligations of the parties, any party without the prior written consent of the consent of the other party may not  transfer to the third party. Any transfer, without
the express consent of the other party in writing, shall be void. </P>
<P align="justify">
<B>Item13 </B>Deal with disputes <br>
1.This contract is under the law of the People's Republic of China and shall be governed by the law and construed according to its interpretation. </P>
<P align="justify">
2.This contract in the performance of the process of disputes, by both parties consultation solution, or by relevant departments to mediate. If negotiation or mediation proves unsuccessful, the dispute should be solved step by step: (1)Submit to
Shenzhen Economic Arbitration Committee (2)Sue to court lawfully </P>
<P align="justify">
<B>Item14 </B>Force majeure <br>
1. If any party in this contract fails to perform in whole or in part obligation under this contract due to force majeure events, the performance of the obligation which is interfered by the event of force majeure shall be terminated during the
period. </P>
<P align="justify">
2. The party who claims to have been affected by Force majeure events shall notify in writing the other party the occurrence of force majeure events as soon as possible, and within 15 days after the occurrence of such force majeure event provide
proper proof of such force majeure and its duration and written information showing the contract can&rsquo;t be performed or need be delayed. The party who claimed that such force majeure caused the failure of the performance of the contract in fact
has the responsibility to make every reasonable effort to eliminate or mitigate the impact of such force majeure </P>

<P align="justify">
3. In case Force majeure event occurs, the parties shall decide through friendly consultations how to implement this contract. Shortly
after the Force Majeure Event or effect terminates or eliminates, the parties shall immediately resume the performance of their respective obligations under the contract. If such force majeure and its effect cannot be terminated or eliminated,which
results in the loss of either party's ability to continue the contract, both parties can terminate the contract or temporarily delay the performance of the contract by consultation and the party who suffered from the force majeure takes no
responsibility. If the party delayed to perform the contract and then the force majeure occurred, the party is not exempt from liability </P>

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<P align="justify">
4. The force majeure in this contract refers to any such occurrence: the affected party cannot reasonably
control, expect the occurrence or the party can expect but is unable to overcome the occurrence. The occurrence occurs after the signing date and makes it objectively impossible or impractical to perform the contract in whole or in part. These
events include but are not limited to natural disasters such as floods, fires, droughts, typhoons, earthquakes, and social events such as war (whether or not declared), riots, strikes, government action or legal requirements, etc. </P>
<P align="justify">
<B>Item15</B> Interpretation of contract <br>
For any outstanding issues or unclear contract terms, the contract parties may contract in accordance with the principle purpose of the contract, the transaction practices and the terms associated with the content, in accordance with the usual
understanding of a reasonable explanation of the contract. The interpretation is binding unless the interpretation is contrary to law or this contract. </P>
<P align="justify">
<B>Item16</B> Complement and accessories <br>
For unmentioned matters that are not prescribed by laws or regulations, the parties may reach a written supplementary contract. Any amendment to the contract and supplemental contracts will become an integral part of this contract, and has the same
legal effect. </P>
<P align="justify">
<B>Item17</B> The effectiveness of the contract <br>
1. This contract will become effective on the date of four parties&#146;
representatives or its authorized representatives signing with company seal on
the contract; </P>
<P align="justify">
2. This agreement is in eight copies, each of four parties has two copies and
each has the same legal effect. </P>
<P align="justify">
3. Any amendment to the contract and supplemental contracts entered after this contract will become an integral part of this contract, and has the same legal effect. </P>
<P align="justify">
Party A: <br>
Shenzhen Borou Industrial Co., Ltd.  <br>
Representative: Wang, Hui (signature) </P>
<P align="justify">
Party B: <br>
TMK Power Industries (SZ) Co., Ltd.  <br>
Representative: Wu, Henian (signature) </P>
<P align="justify">
Party C: <br>
Yang, Ming (signature) </P>
<P align="justify">
Party D: <br>
Legal representative: Yang, Ming (signature) </P>
<P align="justify">
Party E: <br>
Shenzhen Deli Investment Development Ltd. Legal Representative: Wang, Wei (signature) </P>

<P align="justify">
The Place of Signing contract: Office of Party D at North Renmin Road of Luohu District, Shenzhen
<br>
The Date of Signing: January 10, 2009 </P>

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<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>exhibit10-3.htm
<DESCRIPTION>EXHIBIT 10.3
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   <TITLE>China TMK Battery Systems Inc.: Exhibit 10.3 - Filed by newsfilecorp.com</TITLE>
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<P align=right><B>Exhibit 10.3</B> </P>
<P align=center><B>Supplemental Agreement of Ownership Transfer of Borou</B>
</P>
<P align=justify><B>Transferor </B>(<B>Party A</B>): Wang, Hui (Shenzhen Borou
Industrial Co., Ltd.) <BR>ID No.:513031197205020021 </P>
<P align=justify><B>Transferee </B>(<B>Party B</B> ):<B> </B>TMK Power
Industries (SZ) Co., Ltd. <BR>Legal representative: Wu, Henian</P>
<P align=justify>The transferor and transferee signed The Ownership Transfer
Witness Certification on July 10, 2009. The following is supplemental to the
Certification:</P>
<P align=justify>I.&nbsp;&nbsp;&nbsp; Rental income on the assets of the company
and the repayment of shareholder loans</P>
<P style="MARGIN-LEFT: 5%" align=justify>1. Borou purchased seven retail shops
in April, 2009 and leased those retail shops to seven tenants starting May 1,
2009 for 5 years. Both parties agreed that the rental income generated prior to
December 31, 2010 should belong to Borou&#146;s previous owner while rental income
generated subsequent to December 31, 2010 should belong to TMK Battery Co., Ltd.
</P>
<P style="MARGIN-LEFT: 5%" align=justify>2. The transferee shall within half a
year after the effective date of this supplemental agreement, return to the
transferor RMB 2,707,000.00 in the form of cash or bank transfer, which is
assumed by the transferee as part of acquisition agreement entered on July 10,
2009. </P>
<P align=justify>II.&nbsp;&nbsp;&nbsp; Conditions precedent of ownership
transfer</P>
<P style="MARGIN-LEFT: 5%" align=justify>The two parties agreed that the
acquisition of Borou will take effective only after all of the following
criteria were met: </P>
<P style="MARGIN-LEFT: 5%" align=justify>1. The final time that the transferee
agreed to return to the previous shareholder the liability of RMB 2,707,000.00.
</P>
<P style="MARGIN-LEFT: 5%" align=justify>2. Party B pays ownership transfer
consideration in accordance with timeline outlined in the original "Property
Purchase Agreement". </P>
<P style="MARGIN-LEFT: 5%" align=justify>3. Business activities unrelated to
Party B&#146;s main operations shall be removed from the company. Once the removal
process is complete, Party B shall initiate new business operations.</P>
<P style="MARGIN-LEFT: 5%" align=justify>4. Both parties will supervise Borou's
operation and financial management before the both above payment matters
completed. All matters involving payment can&#146;t be handled until party B signs.
</P>
<P style="MARGIN-LEFT: 5%" align=justify>5. Once the company and Party B have
both fulfilled their duties, Party A shall finish the remaining tasks and exit
the joint-supervision team. All accounting items shall then be consolidated and
incorporated into Party B&#146;s accounting system.</P>
<P style="MARGIN-LEFT: 5%" align=justify>6. Party A guarantees undertaking
liability after the actual ownership transfer takes effect if party B suffers
losses because of any debt and other civil liability before the ownership
transfer.</P>
<P align=justify>III.&nbsp;&nbsp;&nbsp; This agreement has the same legal effect
as the original Equity Transfer Agreement. Once effective, both Parties must
consciously perform. Either party that fails to perform its obligations must
take the legal responsibility.</P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_2></A>
<P align=justify>IV.&nbsp;&nbsp;&nbsp; The Agreement becomes effective once both
parties have signed. </P>
<P align=justify>V.&nbsp;&nbsp;&nbsp; There are three copies of this Agreement,
in which case Party A and B will each have one copy while the company has the
third copy. </P>
<P align=justify>Transferor: Wang, Hui (Shenzhen Borou Industrial Co., Ltd.)
</P>
<P align=justify>Transferee: TMK Power Industries (SZ) Co., Ltd. <BR>Legal
representative: Wu, Henian</P>
<P align=justify>Date of signing: July 25, 2009</P>
<HR align=center width="100%" color=black noShade SIZE=5>

</BODY>

</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>5
<FILENAME>exhibit23-1.htm
<DESCRIPTION>EXHIBIT 23.1
<TEXT>
<HTML>
<HEAD>
   <TITLE>China TMK Battery Systems Inc.: Exhibit 23.1 - Filed by newsfilecorp.com</TITLE>

</HEAD>

<BODY style="font-size:10pt;">

<HR noshade align="center" width=100% size=3 color="black">
<P align=right><STRONG>EXHIBIT 23.1</STRONG> </P>
<p>
<IMG src="d8kx5x1.jpg" border=0 width="372" height="73">
<BR>
</p>
<P align=center><B>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
</B></P>
<P align=justify>We consent to the inclusion in this Current Report filed on
Form 8-K of our report dated August 30, 2011 with respect to the financial
statement of Shenzhen Borou Industrial Co., Ltd. for the year ended December 31,
2008. </P>
<P align=justify>/s/ MaloneBailey, LLP <BR>www.malonebailey.com <BR>Houston, Texas
</P>
<P align=justify>August 30, 2011</P>
<hr color="#000000" size="5">
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>6
<FILENAME>exhibit99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>


<HTML>
<HEAD>
   <TITLE>China TMK Battery Systems Inc.: Exhibit 99.1 - Filed by newsfilecorp.com</TITLE>

</HEAD>

<BODY style="font-size:10pt;">

<HR noshade align="center" width=100% size=3 color="black">
<!--$$/page=--><A name=page_1></A>
<P align=right><B>Exhibit 99.1</B> </P>
<P align=center><B>SHENZHEN BOROU INDUSTRIAL CO., LTD. </B></P>
<P align=center><B>INDEX TO FINANCIAL STATEMENTS </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left bgColor=#eeeeee>REPORT OF INDEPENDENT REGISTERED PUBLIC
      ACCOUNTING FIRM </TD>
    <TD align=right width="5%"  bgColor=#eeeeee
    >2</TD></TR>
  <TR vAlign=top>
    <TD align=left>BALANCE SHEETS</TD>
    <TD align=right width="5%"  >3</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#eeeeee>STATEMENTS OF OPERATIONS </TD>
    <TD align=right width="5%"  bgColor=#eeeeee
    >4</TD></TR>
  <TR vAlign=top>
    <TD align=left>STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY AND
      COMPREHENSIVE INCOME </TD>
    <TD align=right width="5%"  >5</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#eeeeee>STATEMENTS OF CASH FLOWS </TD>
    <TD align=right width="5%"  bgColor=#eeeeee
    >6</TD></TR>
  <TR vAlign=top>
    <TD align=left>NOTES TO FINANCIAL STATEMENTS </TD>
    <TD align=right width="5%"
>7 - 12</TD></TR></TABLE>
<P align=center>1 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_2></A>
<P align=center><B>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
</B></P>
<P align=justify>Board of Directors<BR>Shenzhen Borou Industrial Co., Ltd.</P>
<P align=justify>We have audited the accompanying balance sheet of Shenzhen
Borou Industrial Co., Ltd. as of December 31, 2008 and the related statements of
operations, changes in owner&#146;s equity, comprehensive income and cash flows for
the year then ended. These financial statements are the responsibility of the
Company&#146;s management. Our responsibility is to express an opinion on these
financial statements based on our audit.</P>
<P align=justify>We conducted our audit in accordance with standards of the
Public Company Accounting Oversight Board (United States). Those standards
require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatements. The Company
is not required to have, nor were we engaged to perform, an audit of its
internal control over financial reporting. Our audit included consideration of
internal control over financial reporting as a basis for designing audit
procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the Company&#146;s internal control
over financial reporting. Accordingly, we express no such opinion. An audit
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well
as evaluating the overall financial statement presentation. We believe that our
audit provide a reasonable basis for our opinion.</P>
<P align=justify>In our opinion, the financial statements referred to above
present fairly, in all material respects, the financial position of Shenzhen
Borou Industrial Co., Ltd. as of December 31, 2008 and the results of its
operations and its cash flows for the year then ended in conformity with
accounting principles generally accepted in the United States of America.</P>
<P align=justify>/s/MaloneBailey, LLP <BR>www.malone-bailey.com <BR>Houston, Texas
<BR>August 30, 2011</P>
<P align=center>2 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_3></A>
<P align=center><B>Shenzhen Borou Industrial Co., Ltd. <BR>Balance
Sheets<BR></B>(In US Dollars)</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " noWrap align=center
      width="10%"><b>June 30,</b></TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " noWrap align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " noWrap align=center
      width="10%"><b>December 31,</b></TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" noWrap align=center
      width="10%"><B>2009</B> </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" noWrap align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" noWrap align=center
      width="10%"><B>2008</B> </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="10%"><B>(Unaudited)</B> </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="10%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff><B>Assets</B> </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="10%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="10%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="10%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="10%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp; &nbsp;Property and equipment, net
</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%"
    bgColor=#e6efff>&nbsp;4,210,959 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%"
    bgColor=#e6efff>&nbsp;3,424,404 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><B>Total Assets</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right
      width="10%">&nbsp;4,210,959 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right
      width="10%">&nbsp;3,424,404 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff>&nbsp; </TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="10%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="10%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><B>Liabilities &amp; Owners' Equity</B> </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="10%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="10%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp; &nbsp;Current Liabilities </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="10%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="10%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred Revenue </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="10%">55,383 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp; &nbsp;<B>Total current
      liabilities</B> </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="10%" bgColor=#e6efff>55,383 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="10%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="10%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="10%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp; &nbsp;Due to related parties </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%"
    bgColor=#e6efff>3,814,344 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%"
    bgColor=#e6efff>3,042,953 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><B>Total liabilities</B> </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="10%">3,869,727 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="10%">3,042,953 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff>&nbsp; </TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="10%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="10%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><B>Owners' Equity</B> </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="10%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="10%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp; &nbsp;Invested Capital </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="10%" bgColor=#e6efff>362,040 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="10%" bgColor=#e6efff>362,040 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; &nbsp;Accumulated other comprehensive income </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="10%">75,305 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="10%">75,710 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp; &nbsp;Retained earnings (deficit)
</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%"
    bgColor=#e6efff>(96,113</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%"
    bgColor=#e6efff>(56,299</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; &nbsp;<B>Total Owners' Equity</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="10%">341,232 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="10%">381,451 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff>&nbsp; </TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="10%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="10%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><B>Total Liabilities &amp; Owners' Equity</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right
      width="10%">&nbsp;4,210,959 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right
      width="10%">&nbsp;3,424,404 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR></TABLE>
<P align=center>The accompanying notes are an integral part of these financial
statements.</P>
<P align=center>3 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_4></A>
<P align=center><B>Shenzhen Borou Industrial Co., Ltd. <BR></B><B>Statements of
Operations<BR></B>(In US Dollars)</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="23%" colSpan=4><B>For the Six Months Ended
      </B></TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="10%"><B>For Year Ended </B></TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="23%" colSpan=4><B>June 30, </B></TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="10%"><B>December 31, </B></TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="10%"><B>2009 </B></TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="10%"><B>2008 </B></TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="10%"><B>2008 </B></TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="10%"><B>(Unaudited) </B></TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="10%"><B>(Unaudited) </B></TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="10%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff><B>Rental Revenue </B></TD>
    <TD align=left width="1%"  bgColor=#e6efff style="border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000">$</TD>
    <TD align=right width="10%" bgColor=#e6efff style="border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000">&nbsp;31,849 </TD>
    <TD align=left width="2%"  bgColor=#e6efff bordercolor="#000000">&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff style="border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000">$</TD>
    <TD align=right width="10%" bgColor=#e6efff style="border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000">&nbsp;- </TD>
    <TD align=left width="2%"  bgColor=#e6efff bordercolor="#000000">&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff style="border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000">$</TD>
    <TD align=right width="10%" bgColor=#e6efff style="border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000">&nbsp;- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><B>Gross Profit </B></TD>
    <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:solid; border-top-width:1" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:solid; border-top-width:1" align=right
      width="10%">31,849 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:solid; border-top-width:1" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:solid; border-top-width:1" align=right width="10%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:solid; border-top-width:1" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:solid; border-top-width:1" align=right width="10%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff>&nbsp; </TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="10%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="10%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="10%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><B>Operating Costs and Expenses: </B></TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="10%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="10%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="10%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp;Depreciation </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="10%" bgColor=#e6efff>45,969 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="10%" bgColor=#e6efff>41,281 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="10%" bgColor=#e6efff>83,907 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; &nbsp; &nbsp;Others general and administrative
      expenses </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="10%">25,694 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="10%">24,865 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="10%">50,540 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff><B>Total operating costs and expenses
    </B></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%"
    bgColor=#e6efff>71,663 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%"
    bgColor=#e6efff>66,146 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%"
    bgColor=#e6efff>134,447 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="10%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="10%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="10%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff><B>Income (loss) from operations </B></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%"
    bgColor=#e6efff>(39,814</TD>
    <TD align=left width="2%"  bgColor=#e6efff><FONT
      color=#e6efff><FONT color=#000000>)</FONT></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%"
    bgColor=#e6efff><FONT color=#000000>(66,146</FONT></TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%"
    bgColor=#e6efff>(134,<FONT color=#000000>447</FONT></TD>
    <TD align=left width="2%"  bgColor=#e6efff>)</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="10%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="10%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="10%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff><B>Income (Loss) before income taxes
</B></TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="10%" bgColor=#e6efff>(39,814</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="10%" bgColor=#e6efff>(66,146</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="10%" bgColor=#e6efff>(134,447</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD></TR>
  <TR vAlign=top>
    <TD align=left>Income taxes </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff><B>Net Income (Loss) </B></TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="10%" bgColor=#e6efff>&nbsp;(39,814</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="10%" bgColor=#e6efff>&nbsp;(66,146</TD>
    <TD align=left width="2%"  bgColor=#e6efff>)&nbsp; </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="10%" bgColor=#e6efff>(134,447</TD>
    <TD align=left width="2%"  bgColor=#e6efff>)
</TD></TR></TABLE>
<P align=center>The accompanying notes are an integral part of these financial
statements.</P>
<P align=center>4 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_5></A>
<P align=center><B>Shenzhen Borou Industrial Co., Ltd. </B><BR><B>Statements of
Changes in Owners' Equity and Comprehensive Income </B><BR>(In US Dollars)</P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="7%">&nbsp; </TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="7%"><B>Accumulated </B></TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="7%">&nbsp; </TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="7%">&nbsp; </TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="7%">&nbsp; </TD>
    <TD align=left width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="7%">&nbsp; </TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="7%"><B>Other </B></TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="7%">&nbsp; </TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="7%"><B>Total </B></TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="7%">&nbsp; </TD>
    <TD align=left width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="7%"><B>Invested </B></TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="7%"><B>Comprehensive </B></TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="7%"><B>Retained </B></TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="7%"><B>Owners' </B></TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="7%"><B>Comprehensive </B></TD>
    <TD align=left width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
    width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="7%"><B>Capital </B></TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
    width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="7%"><B>Income </B></TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
    width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="7%"><B>Earnings </B></TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
    width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="7%"><B>Equity </B></TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
    width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="7%"><B>Income </B></TD>
    <TD align=left width="2%">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff><B>Balance at December 31, 2007 </B></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="7%"
    bgColor=#e6efff>362,040 </TD>
    <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="7%"
    bgColor=#e6efff>44,197 </TD>
    <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="7%"
    bgColor=#e6efff>78,148 </TD>
    <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="7%"
    bgColor=#e6efff>484,385 </TD>
    <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="7%"
    bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Foreign currency translation adjustment </TD>
    <TD align=left width="1%">&nbsp;</TD>
    <TD align=left width="7%">&nbsp; </TD>
    <TD align=left width="2%">&nbsp;</TD>
    <TD align=left width="1%">&nbsp;</TD>
    <TD align=right width="7%">31,513 </TD>
    <TD align=left width="2%">&nbsp;</TD>
    <TD align=left width="1%">&nbsp;</TD>
    <TD align=left width="7%">&nbsp; </TD>
    <TD align=left width="2%">&nbsp;</TD>
    <TD align=left width="1%">&nbsp;</TD>
    <TD align=right width="7%">31,513 </TD>
    <TD align=left width="2%">&nbsp;</TD>
    <TD align=left width="1%">&nbsp;</TD>
    <TD align=right width="7%">31,513 </TD>
    <TD align=left width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Net income (loss) for the year </TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="7%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="7%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>(134,447</TD>
    <TD align=left width="2%" bgColor=#e6efff>) </TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>(134,447</TD>
    <TD align=left width="2%" bgColor=#e6efff>) </TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>(134,447</TD>
    <TD align=left width="2%" bgColor=#e6efff>) </TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Comprehensive income </TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="7%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="7%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="7%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="7%"
      bgColor=#e6efff>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff>$</TD>
    <TD align=right width="7%" bgColor=#e6efff>&nbsp;(102,934</TD>
    <TD align=left width="2%" bgColor=#e6efff>) </TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff>&nbsp; </TD>
    <TD width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD width="7%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD width="7%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD width="7%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD width="7%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD width="7%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><B>Balance at December 31, 2008 </B></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%">$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="7%">&nbsp;362,040 </TD>
    <TD align=left width="2%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%">$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="7%">&nbsp;75,710 </TD>
    <TD align=left width="2%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%">$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="7%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(56,299</TD>
    <TD align=left width="2%">)</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%">$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="7%">&nbsp;381,451 </TD>
    <TD align=left width="2%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="7%">&nbsp;
    </TD>
    <TD align=left width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Foreign currency translation adjustment </TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="7%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>(405</TD>
    <TD align=left width="2%" bgColor=#e6efff>) </TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="7%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>(405</TD>
    <TD align=left width="2%" bgColor=#e6efff>) </TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>(405</TD>
    <TD align=left width="2%" bgColor=#e6efff>) </TD></TR>
  <TR vAlign=top>
    <TD align=left>Net income (loss) for the year </TD>
    <TD align=left width="1%">&nbsp;</TD>
    <TD align=left width="7%">&nbsp; </TD>
    <TD align=left width="2%">&nbsp;</TD>
    <TD align=left width="1%">&nbsp;</TD>
    <TD align=left width="7%">&nbsp; </TD>
    <TD align=left width="2%">&nbsp;</TD>
    <TD align=left width="1%">&nbsp;</TD>
    <TD align=right width="7%">(39,814</TD>
    <TD align=left width="2%">) </TD>
    <TD align=left width="1%">&nbsp;</TD>
    <TD align=right width="7%">(39,814</TD>
    <TD align=left width="2%">) </TD>
    <TD align=left width="1%">&nbsp;</TD>
    <TD align=right width="7%">(39,814</TD>
    <TD align=left width="2%">) </TD></TR>
  <TR>
    <TD bgColor=#e6efff>&nbsp; </TD>
    <TD width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD width="7%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD width="7%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD width="7%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD width="7%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"
      bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Comprehensive income </TD>
    <TD align=left width="1%">&nbsp;</TD>
    <TD align=left width="7%">&nbsp; </TD>
    <TD align=left width="2%">&nbsp;</TD>
    <TD align=left width="1%">&nbsp;</TD>
    <TD align=left width="7%">&nbsp; </TD>
    <TD align=left width="2%">&nbsp;</TD>
    <TD align=left width="1%">&nbsp;</TD>
    <TD align=left width="7%">&nbsp; </TD>
    <TD align=left width="2%">&nbsp;</TD>
    <TD align=left width="1%">&nbsp;</TD>
    <TD align=left
      width="7%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD align=left width="2%">&nbsp;</TD>
    <TD align=left width="1%">$</TD>
    <TD align=right width="7%">&nbsp;(40,219</TD>
    <TD align=left width="2%">) </TD></TR>
  <TR>
    <TD bgColor=#e6efff>&nbsp; </TD>
    <TD width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD width="7%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD width="7%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD width="7%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD width="7%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD width="7%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><B>Balance at June 30, 2009 (unaudited) </B></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=left width="1%">$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right
      width="7%">&nbsp;362,040 </TD>
    <TD align=left width="2%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=left width="1%">$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right
      width="7%">&nbsp;75,305 </TD>
    <TD align=left width="2%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=left width="1%">$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right
      width="7%">&nbsp;&nbsp;(96,113</TD>
    <TD align=left width="2%">)</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=left width="1%">$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right
      width="7%">&nbsp;341,232 </TD>
    <TD align=left width="2%">&nbsp;</TD>
    <TD align=left width="1%">&nbsp;</TD>
    <TD align=left width="7%">&nbsp; </TD>
    <TD align=left width="2%">&nbsp;</TD></TR></TABLE></DIV>
<P align=center>The accompanying notes are an integral part of these financial
statements.</P>
<P align=center>5 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_6></A>
<P align=center><B>Shenzhen Borou Industrial Co., Ltd. <BR>Statements of Cash
Flows</B> <BR>(In US Dollars) </P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="25%" colspan="4">&nbsp;</TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="11%"><B>For Year</B> </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="25%" colspan="4"><B>For the Six Months Ended</B> </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="11%"><B>Ended</B> </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="25%" colspan="4"><B>June 30,</B></TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="11%"><B>December 31,</B> </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD noWrap align=center width="1%" style="border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000" >&nbsp;</TD>
    <TD noWrap align=center width="11%" style="border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000"><B>2009</B> </TD>
    <TD noWrap align=center width="2%" bordercolor="#000000" >&nbsp;</TD>
    <TD noWrap align=center width="1%" style="border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000" >&nbsp;</TD>
    <TD noWrap align=center width="11%" style="border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000"><B>2008</B> </TD>
    <TD noWrap align=center width="2%" bordercolor="#000000" >&nbsp;</TD>
    <TD noWrap align=center width="1%" style="border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000" >&nbsp;</TD>
    <TD noWrap align=center width="11%" style="border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000"><B>2008</B> </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD noWrap align=center width="1%" style="border-top-style: solid; border-top-width: 1" >&nbsp;</TD>
    <TD noWrap align=center width="11%" style="border-top-style: solid; border-top-width: 1"><B>(Unaudited)</B> </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" style="border-top-style: solid; border-top-width: 1" >&nbsp;</TD>
    <TD noWrap align=center width="11%" style="border-top-style: solid; border-top-width: 1">
    <b>(Unaudited)</b></TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" style="border-top-style: solid; border-top-width: 1" >&nbsp;</TD>
    <TD noWrap align=center width="11%" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff><B>Cash Flows From Operating Activities</B>
    </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="11%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="11%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="11%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; &nbsp; &nbsp;Net income (loss) </TD>
    <TD align=left width="1%" >$</TD>
    <TD align=right width="11%">&nbsp;(39,814</TD>
    <TD align=left width="2%" >) </TD>
    <TD align=left width="1%" >$</TD>
    <TD align=right width="11%">&nbsp;(66,146</TD>
    <TD align=left width="2%" >) </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="11%">(134,447</TD>
    <TD align=left width="2%" >) </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjustments
      to reconcile net income to net cash provided by operating activities: </TD>
    <TD align=left width="1%"  bgColor=#e6efff></TD>
    <TD align=left width="11%" bgColor=#e6efff></TD>
    <TD align=left width="2%"  bgColor=#e6efff></TD>
    <TD align=left width="1%"  bgColor=#e6efff></TD>
    <TD align=left width="11%" bgColor=#e6efff></TD>
    <TD align=left width="2%"  bgColor=#e6efff></TD>
    <TD align=left width="1%"  bgColor=#e6efff></TD>
    <TD align=left width="11%" bgColor=#e6efff></TD>
    <TD align=left width="2%"  bgColor=#e6efff></TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Depreciation </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="11%">45,969 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="11%">41,281 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="11%">83,907 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Changes in operating assets and liabilities </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="11%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="11%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="11%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Deferred
      Revenue </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="11%">55,383 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="11%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="11%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp;<B>Net cash provided by (used in) operating
      activities</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="11%"
    bgColor=#e6efff>61,538 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="11%"
    bgColor=#e6efff>(24,865</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="11%"
    bgColor=#e6efff>(50,540</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="11%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="11%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="11%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff><B>Cash Flows From Investing Activities</B>
    </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="11%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="11%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="11%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; &nbsp; &nbsp;Purchase of property and equipment </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="11%">(836,418</TD>
    <TD align=left width="2%" ><U>)</U> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="11%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="11%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp;<B>Net cash used in investing activities</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="11%"
    bgColor=#e6efff>(836,418</TD>
    <TD align=left width="2%"  bgColor=#e6efff><U><FONT
      color=#e6efff>)</FONT></U> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="11%"
    bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="11%"
    bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><B>Cash Flows From Financing Activities</B> </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="11%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="11%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="11%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp;Proceeds from related
      party loans </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="11%" bgColor=#e6efff>836,418 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="11%" bgColor=#e6efff>24,865 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="11%" bgColor=#e6efff>50,540 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; &nbsp; &nbsp;Repayment of related party loans </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="11%">(61,528</TD>
    <TD align=left width="2%" >) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="11%">&nbsp;
    </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="11%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp;<B>Net cash provided by  financing
      activities</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="11%"
    bgColor=#e6efff>774,890 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="11%"
    bgColor=#e6efff>24,865 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="11%"
    bgColor=#e6efff>50,540 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Effect of exchange rate changes on cash </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
width="11%">(10</TD>
    <TD align=left width="2%" >) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="11%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="11%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp;<B>Net increase in cash and cash equivalents</B> </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="11%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="11%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="11%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><B>Cash and cash equivalents, beginning of period</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="11%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="11%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="11%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff><B>Cash and cash equivalents, end of
      period</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="11%"
    bgColor=#e6efff>&nbsp;- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="11%"
    bgColor=#e6efff>&nbsp;- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="11%"
    bgColor=#e6efff>&nbsp;- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="11%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="11%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="11%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff>&nbsp; </TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="11%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="11%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="11%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><B>Supplemental disclosure information:</B> </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="11%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="11%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="11%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp;Interest expense paid
    </TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="11%"
    bgColor=#e6efff>&nbsp;- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="11%"
    bgColor=#e6efff>&nbsp;- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="11%"
    bgColor=#e6efff>&nbsp;- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; &nbsp; &nbsp;Income taxes paid </TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right
      width="11%">&nbsp;- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right
      width="11%">&nbsp;- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right
      width="11%">&nbsp;- </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR></TABLE></DIV>
<P align=center>The accompanying notes are an integral part of these financial
statements.</P>
<P align=center>6 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
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<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center>Shenzhen Borou
      Industrial Co., Ltd. </TD></TR></TABLE>
<P align=center><B>Notes to Financial Statements</B> </P>
<P align=justify><B>NOTE 1 &#150; DESCRIPTION OF BUSINESS AND ORGANIZATION</B> </P>
<P align=justify>Borou Industrial Co., Ltd (&#147;Borou&#148;) was incorporated in the
city of Shenzhen, Province of Guangdong, People&#146;s Republic of China (&#147;PRC&#148;) in
November 2003 with a registered and invested capital of Renminbi (&#147;RMB&#148;)
3,000,000 (approximately $362,040). Borou is registered as a company specialized
in domestic/international trade business. Ms. Wang Hui was the sole owner of
Borou since July 2008. </P>
<P align=justify>The accompanying financial statements were prepared in
conjunction with a sales transaction that was closed on July 14, 2009. The sales
transaction involves the sale of all the properties and ownership interests of
Borou.</P>
<P align=justify><B>NOTE 2 &#150; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</B> </P>
<P style="MARGIN-LEFT: 5%" align=justify><B>a. Basis of Presentation</B> </P>
<P align=justify>The accompanying financial statements of the Company have been
prepared in accordance with accounting principles generally accepted in the
United States of America. </P>
<P align=justify>In the opinion of the management, the financial statements
reflect all adjustments (which include only normal recurring adjustments)
necessary to present fairly the financial position of the Company as of December
31, 2008, June 30, 2009 and 2008; and the results of operations and cash flows
for the year ended December 31, 2008, and the six months ended June 30, 2009 and
2008, respectively.</P>
<P style="MARGIN-LEFT: 5%" align=justify><B>b. Use of Estimates</B> </P>
<P align=justify>The preparation of the financial statements in conformity with
accounting principles generally accepted in the United States of America
requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and
liabilities at the date of the financial statements and reported amounts of
revenues and expenses during the reporting period. Actual results could differ
from those estimates, and such differences may be material to the financial
statements.</P>
<P style="MARGIN-LEFT: 5%" align=justify><B>c. Fair Values of Financial
Instruments</B> </P>
<P align=justify>US GAAP requires certain disclosures about fair value of
financial instruments. The Company defines fair value, using the required
three-level valuation hierarchy for disclosures of fair value measurement, the
enhanced disclosures requirements for fair value measures. Current assets and
current liabilities qualified as financial instruments and management believes
their carrying amounts are a reasonable estimate of fair value because of the
short period of time between the origination of such instruments and their
expected realization and if applicable, their current interest rate is
equivalent to interest rates currently available. The three levels are defined
as follows:</P>
<UL>
  <LI>Level 1 &#151; inputs to the valuation methodology are quoted prices
  (unadjusted) for identical assets or liabilities in active markets.
  <LI>Level 2 &#151; inputs to the valuation methodology include quoted prices for
  similar assets and liabilities in active markets, and inputs that are
  observable for the assets or liability, either directly or indirectly, for
  substantially the full term of the financial instruments.
  <LI>Level 3 &#151; inputs to the valuation methodology are unobservable and
  significant to the fair value. </LI></UL>
<P align=center>7 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_8></A><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center>Shenzhen Borou
      Industrial Co. Ltd. </TD></TR></TABLE>
<P align=center><B>Notes to Financial Statements</B> </P>
<P align=justify>As of the balance sheet date, the estimated fair values of the
financial instruments were not materially different from their carrying values
as presented due to the short maturities of these instruments. Determining which
category an asset or liability falls within the hierarchy requires significant
judgment. The Company evaluates the hierarchy disclosures each quarter.</P>
<P style="MARGIN-LEFT: 5%" align=justify><B>d. Cash and Cash Equivalents</B>
</P>
<P align=justify>Cash and cash equivalents includes cash on hand, cash on
deposit with various financial institutions in the PRC, and all highly-liquid
investments with original maturities of three months or less at the time of
purchase. Banks and other financial institutions in the PRC do not provide
insurance for funds held on deposit. </P>
<P style="MARGIN-LEFT: 5%" align=justify><B>e. Property and Equipment</B> </P>
<P align=justify>Property and equipment are initially recognized and recorded at
cost. Gains or losses on disposals are reflected as gain or loss in the period
of disposal. The cost of improvements that extend the life of plant and
equipment are capitalized. These capitalized costs may include structural
improvements, equipment and fixtures. All ordinary repairs and maintenance costs
are expensed as incurred.</P>
<P align=justify>Depreciation for financial reporting purposes is provided using
the straight-line method over the estimated useful lives of the assets at cost
less 5% salvage value, starting depreciating at the second month of the
acquisition. The depreciation periods for each capital asset category are as
follows:</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Building </TD>
    <TD align=left width="50%" bgColor=#e6efff>20 to 40 years </TD></TR>
  <TR vAlign=top>
    <TD align=left>Machinery and Equipment </TD>
    <TD align=left width="50%">5 years </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Research Equipment </TD>
    <TD align=left width="50%" bgColor=#e6efff>5 years </TD></TR>
  <TR vAlign=top>
    <TD align=left>Office Equipment </TD>
    <TD align=left width="50%">5 years </TD></TR></TABLE>
<P style="MARGIN-LEFT: 5%" align=justify><B>f.</B> <B>Revenue
Recognition</B></P>
<P align=justify>The Company recognizes rental income generated from leases on
real estate assets on a straight-line basis over the terms of the respective
leases. Straight-line rental revenue of $0, $31, 849 and $0 was recognized in
rental revenues for the year ended December 31, 2008, and six months ended June
30, 2009, and 2008, respectively.</P>
<P style="MARGIN-LEFT: 5%" align=justify><B>g. Comprehensive Income</B> </P>
<P align=justify>The Company reports comprehensive income, its components, and
accumulated balances in its financial statements. Accumulated other
comprehensive income represents the accumulated balance of foreign currency
translation adjustments. No other items of comprehensive income are present.</P>
<P style="MARGIN-LEFT: 5%" align=justify><B>h.</B> <B>Income taxes</B> </P>
<P align=justify>The Company accounts for income taxes in accordance with the
asset and liability method for financial accounting and reporting for income
taxes and allows recognition and measurement of deferred tax assets based upon
the likelihood of realization of tax benefits in future years. Under the asset
and liability approach, deferred taxes are provided for the net tax effects of
temporary differences between the carrying amounts of assets and liabilities for
financial reporting purposes and the amounts used for income tax purposes. A
valuation allowance is provided for deferred tax assets if it is more likely
than not these items will either expire before the Company is able to realize
their benefits, or that future deductibility is uncertain.</P>
<P align=center>8 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
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<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center>Shenzhen Borou
      Industrial Co. Ltd. </TD></TR></TABLE>
<P align=center><B>Notes to Financial Statements</B> </P>
<P align=justify>The Company accounts for uncertainty in income taxes in
accordance with applicable accounting standards, which requires a comprehensive
model for how a company should recognize, measure, present and disclose in its
financial statements uncertain tax positions that the company has taken or
expects to take on a tax return (including a decision whether to file or not
file to file a return in a particular jurisdiction).</P>
<P style="MARGIN-LEFT: 5%" align=justify><B>i. Foreign Currency Translation</B>
</P>
<P align=justify>The functional currency of Borou Industrial Co., Ltd. is the
Renminbi (&#147;RMB&#148;), the PRC&#146;s currency. It maintains its financial statements
using its own functional currency. Monetary assets and liabilities denominated
in currencies other than the functional currency are translated into the
functional currency at rates of exchange prevailing at the balance sheet dates.
Transactions denominated in currencies other than the functional currency are
translated into the functional currency at the exchange rates prevailing at the
dates of the transaction. Exchange gains or losses arising from foreign currency
transactions are included in the determination of net income (loss) for the
respective periods.</P>
<P align=justify>For financial reporting purposes, the financial statements of
Borou Industrial Co., Ltd., which are prepared in RMB, are translated into the
Company&#146;s reporting currency, USD. Balance sheet accounts are translated using
the closing exchange rate in effect at the balance sheet date and income and
expense accounts are translated using the average exchange rate prevailing
during the reporting period. Adjustments resulting from the translation, if any,
are included in accumulated other comprehensive income (loss) in stockholder&#146;s
equity.</P>
<P align=justify>The exchange rates used for foreign currency translation were
as follows (USD$1 = RMB):</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left><U>Period Covered</U> </TD>
    <TD noWrap align=center width="15%"><U>Balance Sheet Date Rates</U> </TD>
    <TD noWrap align=center width="15%"><U>Average Rates</U> </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Year Ended December 31, 2008 </TD>
    <TD noWrap align=center width="15%" bgColor=#e6efff>6.81710 </TD>
    <TD noWrap align=center width="15%" bgColor=#e6efff>6.93722 </TD></TR>
  <TR vAlign=top>
    <TD align=left>Six Month Ended June 30, 2008 </TD>
    <TD noWrap align=center width="15%">6.87191 </TD>
    <TD noWrap align=center width="15%">7.05020 </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Six Month Ended June 30, 2009 </TD>
    <TD noWrap align=center width="15%" bgColor=#e6efff>6.82454 </TD>
    <TD noWrap align=center width="15%" bgColor=#e6efff>6.82268
</TD></TR></TABLE>
<P style="MARGIN-LEFT: 5%" align=justify><B>j. Recently Issued Accounting
Pronouncements</B></P>
<P align=justify>In June 2009, the Financial Accounting Standards Board (FASB)
issued a standard that established the FASB Accounting Standards Codification
(ASC) and amended the hierarchy of generally accepted accounting principles
(ASC) and amended the hierarchy of generally accepted accounting principles
(GAAP) such that the ASC became the single source of authoritative
nongovernmental U.S. GAAP. The ASC did not change current U.S. GAAP, but was
intended to simplify user access to all authoritative U.S. GAAP by providing all
the authoritative literature related to a particular topic in one place. All
previously existing accounting standard documents were superseded and all other
accounting literature not included in the ASC is considered non-authoritative.
New accounting standards issued subsequent to June 30, 2009 are communicated by
the FASB through Accounting Standards Updates (ASUs). The Company adopted the
ASC on July 1, 2009. This standard did not have an impact on the Company&#146;s
results of operations or financial condition. However, throughout the notes to
the financial statements references that were previously made to various former
authoritative U.S. GAAP pronouncements have been changed to coincide with the
appropriate section of the ASC.</P>
<P align=justify>In December 2007, the FASB issued and, in April 2009, amended a
new business combinations standard modified within ASC 805, which changed the
accounting for business acquisitions. Accounting for business combinations under
this standard requires the acquiring entity in a business combination to
recognize all (and only) the assets acquired and liabilities assumed in the
transaction and establishes the acquisition-date fair value as the measurement
objective for all assets acquired and liabilities assumed in a business
combination. Certain provisions of this standard impact the determination of
acquisition-date fair value of consideration paid in a business combination
(including contingent consideration); exclude transaction costs from acquisition
accounting; and change accounting practices for acquisition-related
restructuring costs, in-process research and development, indemnification assets, and tax benefits. The adoption of ASC
805 did not have any effect on the Company&#146;s financial statements.</P>
<P align=center>9 </P>
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noShade SIZE=5>
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<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center>Shenzhen Borou
      Industrial Co. Ltd. </TD></TR></TABLE>
<P align=center><B>Notes to Financial Statements</B> </P>
<P align=justify>In April 2009, the FASB issued an accounting standard which
provides guidance on (1) estimating the fair value of an asset or liability when
the volume and level of activity for the asset or liability have significantly
declined and (2) identifying transactions that are not orderly. The standard
also amended certain disclosure provisions for fair value measurements and
disclosures in ASC 820 to require, among other things, disclosures in interim
periods of the inputs and valuation techniques used to measure fair value as
well as disclosure of the hierarchy of the source of underlying fair value
information on a disaggregated basis by specific major category of investment.
The standard was effective prospectively beginning April 1, 2009. The adoption
of this standard did not have a material impact on the Company&#146;s results of
operations or financial condition.</P>
<P align=justify>In April 2009, the FASB issued an accounting standard regarding
interim disclosures about fair value of financial instruments. The standard
essentially expands the disclosure about fair value of financial instruments
that were previously required only annually to also be required for interim
period reporting. In addition, the standard requires certain additional
disclosures regarding the methods and significant assumptions used to estimate
the fair value of financial instruments. The adoption of this standard did not
have a material impact on the Company&#146;s results of operations or financial
condition.</P>
<P align=justify>In May 2009, the FASB issued a new accounting standard
regarding subsequent events. This standard incorporates into authoritative
accounting literature certain guidance that already existed within generally
accepted auditing standards, with the requirements concerning recognition and
disclosure of subsequent events remaining essentially unchanged. This guidance
addresses events which occur after the balance sheet date but before the
issuance of financial statements. Under the new standard, as under previous
practice, an entity must record the effects of subsequent events that provide
evidence about conditions that existed at the balance sheet date and must
disclose but not record the effects of subsequent events which provide evidence
about conditions that did not exist at the balance sheet date. The adoption did
not have an impact on the Company&#146;s results of operations or financial
condition.</P>
<P align=justify>In August 2009, the FASB issued ASU No. 2009-05, <I>Measuring
Liabilities at Fair Value</I>, which provides additional guidance on how
companies should measure liabilities at fair value under ASC 820. The ASU
clarifies that the quoted price for an identical liability should be used.
However, if such information is not available, a entity may use, the quoted
price of an identical liability when traded as an asset, quoted prices for
similar liabilities or similar liabilities traded as assets, or another
valuation technique (such as the market or income approach). The ASU also
indicates that the fair value of a liability is not adjusted to reflect the
impact of contractual restrictions that prevent its transfer and indicates
circumstances in which quoted prices for an identical liability or quoted price
for an identical liability traded as an asset may be considered level 1 fair
value. This ASU was effective October 1, 2009. The adoption of this standard did
not have an impact on the Company&#146;s results of operations or financial
condition. </P>
<P align=justify>In January 2010, the FASB issued ASU No. 2010-6, Improving
Disclosures About Fair Value Measurements, that amends existing disclosure
requirements under ASC 820 by adding required disclosures about items
transferring into and out of levels 1 and 2 in the fair value hierarchy; adding
separate disclosures about purchase, sales, issuances, and settlements relative
to level 3 measurements; and clarifying, among other things, the existing fair
value disclosures about the level of disaggregation. This ASU is effective for
the first quarter of 2010, except for the requirement to provide level 3
activities of purchases, sales, issuances, and settlements on a gross basis,
which is effective beginning the first quarter of 2011. Since this standard
impacts disclosure requirements only, its adoption will not have a material
impact on the Company&#146;s results of operations or financial condition.</P>
<P align=center>10 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_12></A><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center>Shenzhen Borou
      Industrial Co. Ltd. </TD></TR></TABLE>
<P align=center><B>Notes to Financial Statements </B></P>
<P align=justify><B>NOTE 3 &#150; PROPERTY AND EQUIPMENT, NET</B></P>
<P align=justify>Property and equipment, net consists of the following: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="10%">June 30</TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="10%">December 31</TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="10%">2009 </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="10%">2008 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Building </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="10%" bgColor=#e6efff>&nbsp;4,427,500 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="10%" bgColor=#e6efff>&nbsp;3,595,175 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Accumulated depreciation </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="10%">(216,541</TD>
    <TD align=left width="2%" >) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="10%">(170,771</TD>
    <TD align=left width="2%" >) </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Property and equipment, net </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%"
    bgColor=#e6efff>&nbsp;4,210,959 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%"
    bgColor=#e6efff>&nbsp;3,424,404 </TD>
    <TD align=left width="2%"
  bgColor=#e6efff>&nbsp;</TD></TR></TABLE>
<P align=justify>The depreciation expense was $83,907, $45,969 and $41,281 for
the year ended December 31, 2008 and for the six-month periods ended June 30,
2009 and 2008, respectively. </P>
<P align=justify><B>NOTE 4 - RELATED PARTY TRANSACTIONS </B></P>
<P align=justify>The related party consists of the following: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>Wang, Hui </TD>
    <TD align=left width="50%">CEO and 100% owner </TD></TR></TABLE>
<P align=justify><U>Due to related party </U></P>
<P align=justify>Due to related party consists of the following:</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="10%">June 30</TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="10%">December 31</TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="10%">2009 </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="10%">2008 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Wang, Hui </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%"
    bgColor=#e6efff>&nbsp;3,814,344 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%"
    bgColor=#e6efff>&nbsp;3,042,953 </TD>
    <TD align=left width="2%"
  bgColor=#e6efff>&nbsp;</TD></TR></TABLE>
<P align=justify>Wang, Hui is the only owner of Borou, who has paid all related
operational expenses and received the rental income on behalf of Borou. Borou
has not repaid the outstanding balances as of June 30, 2009.</P>
<P align=justify><B>NOTE 5 &#150; OPERATING RISK </B></P>
<P align=justify><U>Country Risk </U></P>
<P align=justify>The Company has significant investments in the PRC. The
operating results of the Company may be adversely affected by changes in the
political and social conditions in the PRC and by changes in Chinese government
policies with respect to laws and regulations, anti-inflationary measures,
currency conversion and remittance abroad, and rates and methods of taxation,
among other things. The company can give no assurance that those changes in
political and other conditions will not result in have a material adverse effect
upon the Company&#146;s business and financial condition.</P>
<P align=justify><U>Exchange risk </U></P>
<P align=justify>The Company cannot guarantee the Renminbi, US dollar exchange
rate will remain steady, therefore, the Company could post the same profit for
two comparable periods and post higher or lower profit depending on exchange
rate of Renminbi and US dollars. The exchange rate could fluctuate depending on
changes in the political and economic environments without notice.</P>
<P align=center>11 </P>
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<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center>Shenzhen Borou
      Industrial Co. Ltd. </TD></TR></TABLE>
<P align=center><B>Notes to Financial Statements</B> </P>
<P align=justify><U>Interest risk</U> </P>
<P align=justify>The Company is exposed to interest rate risk arising from
short-term variable rate borrowings from time to time. The Company&#146;s future
interest expense will fluctuate in line with any change in borrowing rates. The
Company does not hedge its interest rate. As of the reporting periods, the
Company believes it has no exposure to interest rate risk.</P>
<P align=justify><U>Political risk</U> </P>
<P align=justify>Currently, PRC is in a period of growth and is openly promoting
business development in order to bring more business into PRC. Additionally PRC
currently allows a Chinese corporation to be owned by a United States
corporation. If the laws or regulations relating to ownership of a Chinese
corporation are changed by the PRC government, the Company's ability to operate
the PRC subsidiaries could be affected.</P>
<P align=justify><B>NOTE 6 &#150; CORPORATE INCOME TAX</B> </P>
<P align=justify>Borou was established in Shenzhen, PRC and was entitled to a
preferential Enterprise Income Tax (&#148;EIT&#148;) rate. In 2008, the local government
has increased the EIT rate from 15% to 18%. Effective January 1, 2008, the new
"Law of the People's Republic of China on Enterprise Income Tax" was
implemented. The new law requires that:</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">(i) </TD>
    <TD>
      <P align=justify>For all resident enterprises, domestic or foreign, the
      Enterprise Income Tax rate is unified 25%. </P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>
      <P align=justify>&nbsp;</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%">(ii) </TD>
    <TD>
      <P align=justify>Enterprises that are categorized as the "High Tech
      Enterprise" will have a reduced tax rate of 15%. </P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>
      <P align=justify>&nbsp;</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%">(iii) </TD>
    <TD>
      <P align=justify>From January 1, 2008 onwards, enterprises that enjoyed a
      preferential tax rate before, will need to adopt the new law within the
      next five years. Specifically; enterprises with a current preferential tax
      rate of 15% for 2007, the tax rate will be 18%, 20%, 22%, 24%, and 25% for
      the years ended December 31 2008, 2009, 2010, 2011, and 2012,
      respectively. </P></TD></TR></TABLE>
<P align=justify>The Company did not incur any income tax expense due to the
Company&#146;s loss position. </P>
<P align=justify><B>NOTE 7 &#150; SUBSEQUENT EVENT</B> </P>
<P align=justify>On October 10, 2008, Borou entered into a definitive agreement
to sell the Company to Shenzhen TMK Power Industries Ltd., the operating
subsidiary of China TMK Battery Systems Inc., for a total cash purchase price of
RMB 23,869,000 (approximately $3,490,826). The sales transaction was closed on
July 14, 2009. </P>
<P align=justify>Effective October 1, 2010, Borou has been approved as a general
VAT taxpayer by Shenzhen National Tax Bureau and will be subject to 17% VAT
rate.</P>
<P align=center>12 </P>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>7
<FILENAME>exhibit99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<HTML>
<HEAD>
   <TITLE>China TMK Battery Systems Inc.: Exhibit 99.2 - Filed by newsfilecorp.com</TITLE>
</HEAD>

<BODY style="font-size:10pt;">

<HR noshade align="center" width=100% size=3 color="black">
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<P align=right><B>Exhibit 99.2</B> </P>
<P align=justify><B>UNAUDITED PRO FORMA CONSOLIDATED FINANCIAL
STATEMENTS</B></P>
<P align=justify>The following Unaudited pro forma consolidated statements of
income for the year ended December 31, 2008 and the six months ended June 30,
2009, have been prepared based on the historical consolidated statements of
income of China TMK Battery Systems Inc. and Shenzhen Borou Industrial Co., Ltd.
(Borou) incorporated by reference or included elsewhere herein, under the
assumptions set forth in the accompanying footnotes. The unaudited pro forma
consolidated balance sheet at June 30, 2009 has been prepared based on the
historical consolidated balance sheet of China TMK Battery Systems Inc.
incorporated by reference herein under the assumptions set forth in the
accompanying footnotes.</P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
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<P align=center><B>UNAUDITED PRO FORMA CONSOLIDATED BALANCE SHEET</B><BR><B>AT
JUNE 30, 2009</B><BR></P>
<P align=center>(In US Dollars)</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%"><B>China</B> </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%"><B>TMK</B> </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%"><B>Battery</B> </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%"><B>Shenzhen</B> </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%"><B>Systems</B> </TD>
    <TD vAlign=bottom align=center width="1%" style="border-bottom-style: none; border-bottom-width: medium">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%" style="border-bottom-style: none; border-bottom-width: medium">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%"><B>Borou</B> </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%"><B>Pro Forma</B> </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%" style="border-right-style: none; border-right-width: medium"><B>Inc. and</B> </TD>
    <TD vAlign=bottom align=center width="1%" style="border-style: none; border-width: medium">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%" style="border-style: none; border-width: medium">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%" style="border-left-style: none; border-left-width: medium"><B>Industrial</B> </TD>
    <TD vAlign=bottom align=center width="1%" style="border-bottom-style: none; border-bottom-width: medium">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%" style="border-bottom-style: none; border-bottom-width: medium">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%"><B>Pro Forma</B> </TD>
    <TD vAlign=bottom align=center width="1%" style="border-bottom-style: none; border-bottom-width: medium">&nbsp;</TD>
    <TD vAlign=bottom align=center width="2%" style="border-bottom-style: none; border-bottom-width: medium">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%"><B>Consolidated</B> </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%" style="border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%" style="border-right-style: none; border-right-width: medium; border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000"><B>Subsidiaries</B> </TD>
    <TD vAlign=bottom align=center width="1%" style="border-style: none; border-width: medium" bordercolor="#000000">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%" style="border-style: none; border-width: medium" bordercolor="#000000">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%" style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000"><B>Co., Ltd.</B> </TD>
    <TD vAlign=bottom align=center width="1%" style="border-style: none; border-width: medium" bordercolor="#000000">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%" style="border-style: none; border-width: medium" bordercolor="#000000">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%" style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000"><B>Adjustments</B> </TD>
    <TD vAlign=bottom align=center width="1%" style="border-style: none; border-width: medium" bordercolor="#000000">&nbsp;</TD>
    <TD vAlign=bottom align=center width="2%" style="border-style: none; border-width: medium" bordercolor="#000000">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%" style="border-left-style: none; border-left-width: medium; border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%" style="border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000"><B>Balance Sheet</B> </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD></TR>
  <TR>
    <TD vAlign=bottom align=left>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%" style="border-right-style: none; border-right-width: medium">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%" style="border-style: none; border-width: medium">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%" style="border-style: none; border-width: medium">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%" style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%" style="border-style: none; border-width: medium">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%" style="border-style: none; border-width: medium">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%" style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%" style="border-style: none; border-width: medium">&nbsp;</TD>
    <TD vAlign=bottom align=center width="2%" style="border-style: none; border-width: medium">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%" style="border-left-style: none; border-left-width: medium">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff><B>Assets</B> </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD vAlign=bottom align=left width="2%" bgColor=#e6efff style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Current
      Assets </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Cash and cash
      equivalents </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>$</TD>
    <TD vAlign=bottom align=right width="9%"
      bgColor=#e6efff>&nbsp;442,827&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>$</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%"
      bgColor=#e6efff>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>$</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>442,827 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Trade receivables, net </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">8,427,174 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">- </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">8,427,174 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Advances to
      suppliers </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>203,666 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>203,666 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Inventories, net </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">3,107,959 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">- </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">3,107,959 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Due from related
      parties </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Prepaid expenses and other
      receivables </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">- </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">- </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">- </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Restricted cash </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff>1,385,707 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff>1,385,707 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<B>Total
      current assets</B> </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%"><B>13,567,333</B> </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%"><B>-</B> </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%"><B>13,567,333</B> </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Property, equipment
      and construction in progress, net </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>3,185,486 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>4,210,959 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>452,647 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="2%" bgColor=#e6efff>A</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>7,849,092 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Advances for property and
      equipment purchase </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">8,811,639 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">- </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">(3,057,935</TD>
    <TD vAlign=bottom align=left width="1%">) </TD>
    <TD vAlign=bottom align=left width="2%">B</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">5,753,704 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Restricted cash </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>131,877 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>131,877 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Investment in Borou </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">- </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">- </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">- </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Other assets </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff>88,853 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff>88,853 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left><B>Total Assets</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom align=left
    width="1%">$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom align=right
    width="9%">&nbsp;<B>25,785,188 </B></TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom align=left
    width="1%">$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom align=right
    width="9%">&nbsp;<B>4,210,959</B> </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom align=left
    width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom align=right
    width="9%"><B>27,390,859</B> </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff><B>Liabilities and
      Shareholders' Equity</B> </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Current
      Liabilities </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Accounts payable
</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>$</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp;1,310,526
    </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>$</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>1,310,526 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Accrued liabilities and other
      payable </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">523,205 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">- </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">439,590 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="2%">C</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">1,359,452 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>396,657 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="2%" bgColor=#e6efff>D</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Customer deposits </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">250,904 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">- </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">250,904 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Wages payable </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>710,472 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>710,472 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Corporate tax payable </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">94,006 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">- </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">94,006 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Short-term bank
      loan </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>4,204,244 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>4,204,244 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Current portion of long-term bank
      loans </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">1,758,360 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">- </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">1,758,360 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Deferred revenue
</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>55,383 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>55,383 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Due to related parties </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">385 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">3,814,344 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">(3,814,344</TD>
    <TD vAlign=bottom align=left width="1%">) </TD>
    <TD vAlign=bottom align=left width="2%">E</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">385 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Bank notes payable
    </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff>2,930,600 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff>2,930,600 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<B>Total
      current liabilities</B> </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%"><B>11,782,702</B> </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%"><B>3,869,727</B> </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%"><B>12,674,332</B> </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Long-term bank
      loans </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>2,637,540 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>2,637,540 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Deferred tax liabilities </TD>
    <TD vAlign=bottom align=left width="1%" style="border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" style="border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000">- </TD>
    <TD vAlign=bottom align=left width="1%" bordercolor="#000000">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" style="border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" style="border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000">- </TD>
    <TD vAlign=bottom align=left width="1%" bordercolor="#000000">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bordercolor="#000000">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bordercolor="#000000">607,735 </TD>
    <TD vAlign=bottom align=left width="1%" bordercolor="#000000">&nbsp;</TD>
    <TD vAlign=bottom align=left width="2%" bordercolor="#000000">F</TD>
    <TD vAlign=bottom align=left width="1%" style="border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" style="border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000">607,735 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff><B>Total Liabilities</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff>&nbsp;<B>14,420,242 </B></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff>&nbsp;<B>3,869,727</B></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff><B>15,919,607</B> </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left><B>Stockholders' Equity</B> </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left
      bgColor=#e6efff>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred
      stock, $0.001 par value, 10,000,000 shares authorized, none issued and
      outstanding at June 30, 2009 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff></TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom
      align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common
      stock, $0.001 par value, 300,000,000 shares authorized, 25,250,000 shares
      outstanding at June 30, 2009 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">25,250 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">- </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%"></TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">25,250 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Invested Capital </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>362,040 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>(362,040</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>) </TD>
    <TD vAlign=bottom align=left width="2%" bgColor=#e6efff>G</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Additional
      paid-in capital </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">1,193,591 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">- </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">1,193,591 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Accumulated other comprehensive income </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>397,453 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>75,305 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>(79,552</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>)</TD>
    <TD vAlign=bottom align=left width="2%" bgColor=#e6efff>H</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>393,206 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Statutory
      reserves </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">1,038,988 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">- </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">1,038,988 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <tr>
    <TD vAlign=bottom align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Retained earnings </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>8,709,664 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>(96,113</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>) </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>96,113</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="2%" bgColor=#e6efff>G</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>8,820,217 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
  </tr>
  <tr>
    <TD vAlign=bottom align=left>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="9%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">110,553 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="2%">I</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
  </tr>
  <tr>
    <TD vAlign=bottom align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;<B>Total stockholders' equity</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff><B>11,364,946</B> </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff><B>341,232</B> </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff><B>11,471,252</B> </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
  </tr>
  <tr>
    <TD vAlign=bottom align=left><B>Total Liabilities &amp; Stockholders'
      Equity</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom align=left
    width="1%">$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom align=right
    width="9%">&nbsp;<B>25,785,188 </B></TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom align=left
    width="1%">$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom align=right
    width="9%">&nbsp;<B>4,210,959</B></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom align=left
    width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="2%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom align=left
    width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom align=right
    width="9%"><B>27,390,859</B> </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
  </tr>
</TABLE>
<BR>
<p align="center">P-2 </p>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_4></A>
<P align=center><B>UNAUDITED PRO FORMA CONSOLIDATED</B><BR><B>STATEMENT OF
OPERATIONS</B><BR><B>FOR THE SIX MONTHS ENDED JUNE 30, 2009</B> <BR></P>
<P align=center>(In US Dollars)</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%"><STRONG>China TMK</STRONG> </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%"></TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%"><STRONG>Battery</STRONG> </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%"><STRONG>Shenzhen  </STRONG></TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%"></TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%"><B>Pro Forma</B> </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%"><B>Systems </B> </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%"><STRONG>Borou</STRONG>
    </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%"><B>Consolidated</B> </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%"><B>Inc. and</B> </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%"><STRONG>Industrial </STRONG>
    </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%"><STRONG>Pro Forma</STRONG> </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="9%"><B>Income</B> </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%" style="border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=center
    width="9%" bordercolor="#000000"><B>Subsidiaries</B> </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%" style="border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=center
    width="9%" bordercolor="#000000"><STRONG>Co.</STRONG> <STRONG>Ltd.</STRONG> </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%" style="border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=center
    width="9%" bordercolor="#000000"><STRONG>Adjustments</STRONG>&nbsp; </TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%" style="border-bottom-style: solid; border-bottom-width: 1" bordercolor="#000000">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=center
    width="9%" bordercolor="#000000"><B>Statement</B> </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR>
    <TD vAlign=bottom align=left>&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff><B>Revenue</B> </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>$</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp;21,278,432
    </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%"
      bgColor=#e6efff>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>$</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>21,278,432 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left><B>Rental Revenue</B> </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">- </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">31,849 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">31,849 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp;Cost of Goods Sold </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>(16,078,400</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>) </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>(16,078,400</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>) </TD></TR>
  <TR>
    <TD vAlign=bottom>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom
    width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom
      width="9%">&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom
    width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom
      width="9%">&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="9%">&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="2%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom
    width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom
      width="9%">&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff><B>Gross Profit</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff><B>5,200,032</B> </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff><B>31,849</B> </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff><B>5,231,881</B> </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=bottom>&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="9%">&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="9%">&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="9%">&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff><B>Operating Costs and
      Expenses</B> </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Selling expenses </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">396,304 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">- </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">396,304 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp;Depreciation </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>58,398 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>45,969 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>4,836 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="2%" bgColor=#e6efff>J</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>109,203 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;General and administrative </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">565,182 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">25,694 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">590,876 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp;Research and development </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff>237,760 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff>237,760 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Total operating expenses </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%">1,257,644 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%">71,663 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%">1,334,143 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff><B>Income from operations</B>
    </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff><B>3,942,388</B>
    </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff><B>(39,814</B></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><B>)</B> </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff><B>3,897,738</B>
    </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=bottom>&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="9%">&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="9%">&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="9%">&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD></TR>
  <TR>
    <TD vAlign=bottom bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left><B>Other income (expenses):</B> </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp;Interest expense, net </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>(312,165</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>) </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>(312,165</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>) </TD></TR>
  <TR>
    <TD vAlign=bottom>&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="9%">&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="9%">&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="9%">&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp;Other expense, net </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff>(678</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff>(678 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=bottom>&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="9%">&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="9%">&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="9%">&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp;Total other income (expenses) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff>(312,843</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%" bgColor=#e6efff>(312,843</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>) </TD></TR>
  <TR>
    <TD vAlign=bottom>&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="9%">&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="9%">&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="9%">&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD></TR>
  <TR>
    <TD vAlign=bottom bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left><B>Income before income taxes</B> </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">3,629,545 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">(39,814</TD>
    <TD vAlign=bottom align=left width="1%">) </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">3,584,895 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR>
    <TD vAlign=bottom bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=right width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left>Income taxes </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%">(537,390</TD>
    <TD vAlign=bottom align=left width="1%">) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%">- </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">15,198</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="2%">K</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="9%">(522,192</TD>
    <TD vAlign=bottom align=left width="1%">) </TD></TR>
  <TR>
    <TD vAlign=bottom bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left><B>Net income</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom align=left
    width="1%">$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom align=right
    width="9%">&nbsp;<B>3,092,155</B> </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom align=left
    width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom align=right
    width="9%"><B>(39,814</B></TD>
    <TD vAlign=bottom align=left width="1%"><B>)</B> </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left
      width="9%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="2%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom align=left
    width="1%">$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom align=right
    width="9%"><STRONG>3,062,703</STRONG> </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR>
    <TD vAlign=bottom bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="9%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=bottom>&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="9%">&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="9%">&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="9%">&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="2%">&nbsp;</TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD>
    <TD vAlign=bottom width="9%">&nbsp; </TD>
    <TD vAlign=bottom width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff><B>Earnings per share -
      basic</B> </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>$</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp;0.12 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>N/A </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%"
      bgColor=#e6efff>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>0.12 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left><B>Weighted-average shares outstanding,</B>
      <B>basic</B> </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">25,250,000 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">N/A </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%"></TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">$</TD>
    <TD vAlign=bottom align=right width="9%">25,250,000 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff><B>Earnings per share -
      diluted</B> </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>$</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>&nbsp;0.12 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>N/A </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%"
      bgColor=#e6efff>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>$</TD>
    <TD vAlign=bottom align=right width="9%" bgColor=#e6efff>0.12 </TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left><B>Weighted-average shares outstanding,</B>
      <B>diluted</B> </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">25,250,000 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">N/A </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="9%"></TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=right width="9%">25,250,000 </TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR></TABLE>
<P align=center>P-3 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_5></A>
<P align=center><B>UNAUDITED PRO FORMA CONSOLIDATED</B><BR><B>STATEMENT OF
OPERATIONS</B><BR><B>FOR THE YEAR ENDED DECEMBER 31, 2008</B></P>
<P align=center>(In US Dollars)</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 8pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD vAlign=bottom align=left>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="8%" >&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="8%" >&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="8%" >&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="1%">&nbsp;</TD>
    <TD vAlign=bottom align=center width="8%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%">&nbsp;</TD></TR>

  <TR vAlign=top>
    <TD vAlign=bottom align=left><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="8%" ><FONT
      size=2><B>China  </B> </FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="8%" ><FONT
      size=2><B>Shenzhen</B> </FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="8%" ><FONT
      size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="8%" ><FONT
      size=2><B>Pro Forma</B> </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="8%" ><FONT
      size=2><B>TMK</B> </FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="8%" ><FONT
      size=2><B>Borou</B> </FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="8%" ><FONT
      size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="8%" ><FONT
      size=2><B>Consolidated</B> </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="8%" ><FONT
      size=2><B>Battery</B></FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="8%" ><FONT
      size=2><STRONG>&nbsp;Industrial</STRONG></FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="8%" ><FONT
      size=2><B>Pro Forma</B> </FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="8%" ><FONT
      size=2><B>Income</B> </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left><FONT size=2>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=center
    width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=center
    width="8%" ><FONT size=2>&nbsp; <B>Systems Inc.</B></FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=center
    width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=center
    width="8%" ><FONT size=2><B>Co., Ltd. </B></FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=center
    width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=center
    width="8%" ><FONT
    size=2><STRONG>Adjustments</STRONG></FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=center
    width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=center
    width="8%" ><FONT size=2><B>Statement</B> </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR>
    <TD vAlign=bottom align=left><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="8%" ><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="8%" ><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="8%" ><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="8%" ><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff><FONT size=2><B>Revenue</B>
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>$</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>&nbsp;36,762,688 </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>- </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" bgColor=#e6efff
      ><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>$</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>36,762,688 </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left><FONT size=2><B>Other Sales</B> </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" ><FONT size=2>83,463
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" ><FONT size=2>-
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" ><FONT size=2>&nbsp;
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" ><FONT size=2>83,463
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff><FONT size=2>&nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp;Cost of Goods Sold </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff ><FONT
size=2>(28,236,136</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT size=2>)
      </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff ><FONT size=2>- </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" bgColor=#e6efff
      ><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff ><FONT
size=2>(28,236,136</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT size=2>)
      </FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left><FONT size=2><B>Gross Profit</B> </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" ><FONT size=2><B>8,610,015</B> </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" ><FONT size=2><B>-</B> </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" ><FONT size=2>&nbsp;
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" ><FONT size=2><B>8,610,015</B> </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR>
    <TD vAlign=bottom bgColor=#e6efff><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom width="8%" bgColor=#e6efff ><FONT
      size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom width="8%" bgColor=#e6efff ><FONT
      size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom width="8%" bgColor=#e6efff ><FONT
      size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff><FONT size=2>&nbsp;
</FONT></TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom width="8%" bgColor=#e6efff ><FONT
      size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff><FONT
  size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left><FONT size=2><B>Operating Costs and
      Expenses</B> </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" ><FONT size=2>&nbsp;
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" ><FONT size=2>&nbsp;
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" ><FONT size=2>&nbsp;
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" ><FONT size=2>&nbsp;
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff><FONT size=2>&nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp;Selling expenses </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>872,441 </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>- </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" bgColor=#e6efff
      ><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>872,441 </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Depreciation </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" ><FONT size=2>22,676
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" ><FONT size=2>83,907
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" ><FONT size=2>9,373
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>J </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" ><FONT
      size=2>115,956 </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff><FONT size=2>&nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp;Bad debts (recovery) </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>40,010 </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>- </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" bgColor=#e6efff
      ><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>40,010 </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Other general and administrative expense </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" ><FONT
      size=2>1,029,314 </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" ><FONT size=2>50,540
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" ><FONT size=2>&nbsp;
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" ><FONT
      size=2>1,079,854 </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff><FONT size=2>&nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp;Research and development </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>624,051 </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>- </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" bgColor=#e6efff
      ><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>624,051 </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Loss on disposal of assets </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" ><FONT size=2>17,644 </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" ><FONT size=2>- </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" ><FONT size=2>&nbsp;
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" ><FONT size=2>17,644 </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff><FONT size=2>&nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp;Total operating costs and expense </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff ><FONT size=2>2,606,136 </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff ><FONT size=2>134,447 </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" bgColor=#e6efff
      ><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff ><FONT size=2>2,749,956 </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left><FONT size=2><B>Income from operations</B>
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" ><FONT
      size=2><B>6,003,879</B> </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" ><FONT
      size=2><B>(134,447</B></FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2><B>)</B> </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" ><FONT size=2>&nbsp;
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" ><FONT
      size=2><B>5,860,059</B> </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR>
    <TD vAlign=bottom bgColor=#e6efff><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom width="8%" bgColor=#e6efff ><FONT
      size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom width="8%" bgColor=#e6efff ><FONT
      size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom width="8%" bgColor=#e6efff ><FONT
      size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom width="8%" bgColor=#e6efff ><FONT
      size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom width="1%" bgColor=#e6efff><FONT
  size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left><FONT size=2><B>Other income (expenses):</B>
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" ><FONT size=2>&nbsp;
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" ><FONT size=2>&nbsp;
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" ><FONT size=2>&nbsp;
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" ><FONT size=2>&nbsp;
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff><FONT size=2>&nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp;Interest income </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>53,335 </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>- </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" bgColor=#e6efff
      ><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>53,335 </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Interest expense </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" ><FONT
      size=2>(422,550</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>) </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" ><FONT size=2>-
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" ><FONT size=2>&nbsp;
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" ><FONT
      size=2>(422,550</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>) </FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff><FONT size=2>&nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp;Other income, net </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>22,381 </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>- </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" bgColor=#e6efff
      ><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>22,381 </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Gain on acquisition of business </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="8%" ><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="8%" ><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" ><FONT
      size=2>110,553 </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>I </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" ><FONT size=2>110,553 </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff><FONT size=2>&nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp;Total other income (expenses) </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff ><FONT size=2>(346,834</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT size=2>)
      </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff ><FONT size=2>- </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" bgColor=#e6efff
      ><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" bgColor=#e6efff><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff ><FONT size=2>(236,281</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT size=2>)
      </FONT></TD></TR>
  <TR>
    <TD vAlign=bottom><FONT size=2>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom
      width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width="8%"
    ><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom
      width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width="8%"
    ><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom width="8%" ><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom
      width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width="8%"
    ><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom width="1%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff><FONT size=2><B>Income before
      income taxes</B> </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>5,657,045 </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>(134,447</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT size=2>)
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" bgColor=#e6efff
      ><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>5,623,778 </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left><FONT size=2>Income taxes </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" ><FONT size=2>- </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" ><FONT size=2>- </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" ><FONT size=2>29,893
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>K </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" ><FONT size=2>29,893 </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff><FONT size=2><B>Net
      income</B> </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom align=left
    width="1%" bgColor=#e6efff><FONT size=2>$</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom align=right
    width="8%" bgColor=#e6efff ><FONT
      size=2>&nbsp;<B>5,657,045</B> </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom align=left
    width="1%" bgColor=#e6efff><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom align=right
    width="8%" bgColor=#e6efff ><FONT
      size=2><B>(134,447</B></FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2><B>)</B> </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" bgColor=#e6efff
      ><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom align=left
    width="1%" bgColor=#e6efff><FONT size=2><B>$</B></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom align=right
    width="8%" bgColor=#e6efff ><FONT size=2><B>5,653,671</B>
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD></TR>
  <TR>
    <TD vAlign=bottom><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom width="8%" ><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom width="8%" ><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom width="8%" ><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom width="8%" ><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom width="1%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff><FONT size=2>Net income per
      share - Basic </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>$</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>&nbsp;0.22 </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>N/A </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" bgColor=#e6efff
      ><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>$</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>0.22 </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left><FONT size=2>Weighted average shares
      outstanding - Basic </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" ><FONT
      size=2>25,250,000 </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" ><FONT size=2>N/A
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" ><FONT size=2>&nbsp;
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" ><FONT
      size=2>25,250,000 </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left bgColor=#e6efff><FONT size=2>Net income per
      share - Diluted </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>$</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>&nbsp;0.22 </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>N/A </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" bgColor=#e6efff
      ><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>$</FONT></TD>
    <TD vAlign=bottom align=right width="8%" bgColor=#e6efff
      ><FONT size=2>0.22 </FONT></TD>
    <TD vAlign=bottom align=left width="1%" bgColor=#e6efff><FONT
      size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=top>
    <TD vAlign=bottom align=left><FONT size=2>Weighted average shares
      outstanding - Diluted </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" ><FONT
      size=2>25,250,000 </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" ><FONT size=2>N/A
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="8%" ><FONT size=2>&nbsp;
      </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp; </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=bottom align=right width="8%" ><FONT
      size=2>25,250,000 </FONT></TD>
    <TD vAlign=bottom align=left width="1%"><FONT
  size=2>&nbsp;</FONT></TD></TR></TABLE>
<P align=center>P-4 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_6></A>
<P align=center><B>Notes to Unaudited Pro Forma Consolidated Financial
Data</B><BR></P>
<P align=justify><B>Basis of Presentation </B></P>
<P align=justify>On July 14, 2009, Shenzhen TMK Power Industries Ltd., the
operating subsidiary of China TMK Battery Systems, Inc., acquired 100% ownership
of Borou for approximately $3,490,826 pursuant to the Acquisition Agreement and
Supplemental Ownership Transfer Agreement. This transaction was accounted for by
China TMK Battery Systems Inc. using the acquisition method of accounting. The
effect of this transaction is reflected in the Pro Forma Adjustments in the
unaudited pro forma consolidated financial statements.</P>
<P align=justify>The unaudited pro forma consolidated of income for the year
ended December 31, 2008 and the six months ended June 30, 2009, assumes the
Acquisition occurred on January 1, 2008. The unaudited pro forma consolidated
balance sheet at June 30, 2009, assumes the Acquisition occurred on that date.
China TMK Battery Systems Inc. believes the assumptions used provide a
reasonable basis for presenting the significant effects directly attributable to
such transactions. The unaudited pro forma consolidated financial statements do
not purport to represent what our results of operations would have been if such
transactions had occurred on that date. These unaudited pro forma consolidated
financial statements should be read in conjunction with the Consolidated
Financial Statements of China TMK Battery Systems Inc., incorporated by
reference herein and the Financial Statements of Borou included herein.</P>
<P align=justify>For the purposes of the pro forma financial information,
purchase consideration totaled 3,490,826 and was paid in cash. <B></B></P>
<P align=justify>The following represents the preliminary allocation of the
acquisition price to the acquired assets and assumed liabilities based on
Borou&#146;s balance sheet as of June 30, 2009 and is for illustrative purposes only.
</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Total identifiable assets acquired </TD>
    <TD align=left width="1%" bgColor=#e6efff>$</TD>
    <TD align=right width="12%" bgColor=#e6efff>4,661,154 </TD>
    <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Deferred revenue </TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>(55,383</TD>
    <TD align=left width="2%" bgColor=#e6efff>) </TD></TR>
  <TR vAlign=top>
    <TD align=left>Other payable </TD>
    <TD align=left width="1%">&nbsp;</TD>
    <TD align=right width="12%">(396,657</TD>
    <TD align=left width="2%">) </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Deferred tax liability </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="12%"
    bgColor=#e6efff>(607,735</TD>
    <TD align=left width="2%" bgColor=#e6efff><U>)</U> </TD></TR>
  <TR vAlign=top>
    <TD align=left>Total liabilities assumed </TD>
    <TD align=left width="1%">&nbsp;</TD>
    <TD align=right width="12%">(1,059,775</TD>
    <TD align=left width="2%">) </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Net identifiable assets acquired </TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>3,601,379 </TD>
    <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Gain </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="12%">(110,553</TD>
    <TD align=left width="2%"><U>)</U> </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Total acquisition price </TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>3,490,826 </TD>
    <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD></TR></TABLE>
<P align=justify>Because the fair value of the assets increased from the date
the purchase price was fixed through the closing date of the acquisition, the
fair value of identifiable net assets acquired exceeded the fair value of the
consideration paid and represents a gain.</P>
<P align=justify><B>Forma Adjustments</B></P>
<P align=justify>The pro forma financial data has been prepared to give effect
to the Acquisition. The pro forma consolidated statements are not necessarily
indicative of the results of our future operations.</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">A. </TD>
    <TD>To record fixed assets to fair value; </TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">B. </TD>
    <TD>To adjust Advances for property and equipment purchase to reflect
      purchase price paid; </TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">C. </TD>
    <TD>To record acquisition price that has not been paid as of June 30,
      2009; </TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">D. </TD>
    <TD>To record other payable assumed; </TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_7></A><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">E. </TD>
    <TD>To eliminate due to related party balance that will not be assumed
      after acquisition; </TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">F. </TD>
    <TD>To record deferred tax liability resulted from the differences in book
      and tax basis of properties acquired; </TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">G. </TD>
    <TD>To eliminate Borou&#146;s historical invested capital; </TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">H. </TD>
    <TD>To record accumulated other comprehensive income due to the foreign
      currency translation adjustments; </TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">I. </TD>
    <TD>To record gain from difference of fair value of identifiable net
      assets acquired and fair value of the consideration paid; </TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">J. </TD>
    <TD>To adjust depreciation expense to give effect to the acquisition price
      allocated to the Acquisition; </TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">K. </TD>
    <TD>To record deferred tax benefit to give effect to deferred tax
      liability allocated to the Acquisition. </TD></TR></TABLE>
<P align=center>P-5</P>
<HR align=center width="100%" color=black noShade SIZE=5>

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