10-Q
2012-09-30
false
INNOCOM TECHNOLOGY HOLDINGS, INC.
0001076541
--12-31
37898251
Smaller Reporting Company
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<!--egx--><p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"><b>NOTE</b><b><font lang="ZH-CN">-</font>1 BASIS OF PRESENTATION</b></p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">The accompanying unaudited condensed consolidated financial statements have been prepared by management in accordance with both accounting principles generally accepted in the United States (“GAAP”), and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Certain information and note disclosures normally included in audited financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading. </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">In the opinion of management, the consolidated balance sheet as of December 31, 2011 which has been derived from audited financial statements and these unaudited condensed consolidated financial statements reflect all normal and recurring adjustments considered necessary to state fairly the results for the periods presented. The results for the period ended September 30, 2012 are not necessarily indicative of the results to be expected for the entire fiscal year ending December 31, 2012 or for any future period.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">These unaudited condensed consolidated financial statements and notes thereto should be read in conjunction with the Management’s Discussion and the audited financial statements and notes thereto included in the Annual Report on Form 10-K for the year ended December 31, 2011.</p>
<!--egx--><p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-57.25pt; MARGIN:0in 0in 0pt 57.25pt; LAYOUT-GRID-MODE:char"><b>NOTE</b><b><font lang="ZH-CN">-</font>2 ORGANIZATION AND BUSINESS BACKGROUND</b></p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">Innocom Technology Holdings, Inc. (the “Company” or “INCM”) was incorporated in the State of Nevada on June 26, 1998. On June 20, 2006, the Company changed its name from “Dolphin Productions, Inc.” to “Innocom Technology Holdings, Inc.”</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">The Company, through its subsidiaries, is principally engaged in trading and manufacture of mobile phone handsets and components in Hong Kong and the People’s Republic of China (“the PRC”). </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">INCM and its subsidiaries are hereinafter referred to as (the “Company”).</p>
<!--egx--><p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-57.25pt; MARGIN:0in 0in 0pt 57.25pt; LAYOUT-GRID-MODE:char"><b>NOTE</b><b><font lang="ZH-CN">-</font>3 GOING CONCERN UNCERTAINTIES</b></p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">The accompanying condensed consolidated financial statements have been prepared using the going concern basis of accounting, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">For the nine months ended September 30, 2012, the Company has experienced a continuous loss of $161,890 with an accumulated deficit of $12,897,411 as of that date. The continuation of the Company as a going concern through September 30, 2013 is dependent upon the continued financial support from its stockholders. Management believes this funding will continue, and is also actively seeking new investors. Management believes the existing stockholders will provide the additional cash to meet the Company’s obligations as they become due, and will allow its planned principal business to commence and assembly the production lines of mobile handsets and components in the PRC.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">These factors raise substantial doubt about the Company’s ability to continue as a going concern. These condensed consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets and liabilities that may result in the Company not being able to continue as a going concern.</p>
<!--egx--><p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-57.25pt; MARGIN:0in 0in 0pt 57.25pt; LAYOUT-GRID-MODE:char"><b>NOTE</b><b><font lang="ZH-CN">-</font>4 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</b></p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">The accompanying condensed consolidated financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying condensed consolidated financial statements and notes.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Use of estimates</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">In preparing these condensed consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets and revenues and expenses during the periods reported. Actual results may differ from these estimates.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Basis of consolidation</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">The condensed consolidated financial statements include the financial statements of INCM and its subsidiaries. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Cash and cash equivalents</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Property, plant and equipment, net</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis (after taking into account their respective estimated residual values) over the following expected useful lives from the date on which they become fully operational:</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <table width="601" style="MARGIN:auto auto auto 0.7pt; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="PAGE-BREAK-INSIDE:avoid"> <td width="360" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:270.2pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p></td> <td width="130" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:97.3pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">Expected useful life</p></td> <td width="6" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:4.7pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center"> </p></td> <td width="105" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:78.4pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">Residual value</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid"> <td width="360" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:270.2pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5pt; LAYOUT-GRID-MODE:char">Plant and machinery</p></td> <td width="130" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:97.3pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">5-10 years</p></td> <td width="6" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:4.7pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center"> </p></td> <td width="105" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:78.4pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">5%</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid"> <td width="360" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:270.2pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5pt; LAYOUT-GRID-MODE:char">Furniture, fixtures and office equipment</p></td> <td width="130" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:97.3pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">5 years</p></td> <td width="6" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:4.7pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center"> </p></td> <td width="105" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:78.4pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">0-5%</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid"> <td width="360" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:270.2pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5pt; LAYOUT-GRID-MODE:char">Leasehold improvement</p></td> <td width="130" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:97.3pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">2 years</p></td> <td width="6" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:4.7pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center"> </p></td> <td width="105" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:78.4pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">0%</p></td></tr></table> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">Expenditure for repairs and maintenance is expensed as incurred. When assets have retired or sold, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in the results of operations.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">Depreciation expense was $390 and $640 for the three months ended September 30, 2012 and 2011, respectively.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">Depreciation expense was $741 and $1,922 for the nine months ended September 30, 2012 and 2011, respectively.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Valuation of long-lived assets</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">In accordance with Accounting Standards Codification (“ASC”) Topic 360-10-5, “<i>Impairment or Disposal of Long-Lived Assets</i>”, the Company periodically reviews long-lived assets for impairment whenever events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable or that the useful lives are no longer appropriate. Each impairment test is based on a comparison of the undiscounted cash flows to the recorded value of the asset. If an impairment is indicated, the asset is written down to its estimated fair value based on a discounted cash flow analysis. Determining the fair value of long-lived assets includes significant judgment by management, and different judgments could yield different results. There has been no impairment charge for the periods presented.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Revenue recognition</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">The Company will recognize its revenue in accordance with the ASC Topic 605, <i>"Revenue Recognition"</i>. Revenue will be recognized upon shipment, provided that evidence of an arrangement exists, title and risk of loss have passed to the customer, fees are fixed or determinable and collection of the related receivable is reasonably assured. Revenue will be recorded net of taxes and estimated product returns, which is based upon the Company's return policy, sales agreements, management estimates of potential future product returns related to current period revenue, current economic trends, changes in customer composition and historical experience.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Comprehensive income or loss</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">ASC Topic 220,<i> “Comprehensive Income”</i> establishes standards for reporting and display of comprehensive income or loss, its components and accumulated balances. Comprehensive income or loss as defined includes all changes in equity during a period from non-owner sources. Accumulated comprehensive income or loss, as presented in the accompanying consolidated statement of stockholders’ deficit consists of changes in unrealized gains and losses on foreign currency translation. This comprehensive income or loss is not included in the computation of income tax expense or benefit.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Income taxes</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">The Company adopts ASC Topic 740 <i>“Income Taxes”</i>, regarding accounting for uncertainty in income taxes which prescribes the recognition threshold and measurement attributes for financial statement recognition and measurement of tax positions taken or expected to be taken on a tax return. In addition, the guidance requires the determination of whether the benefits of tax positions will be more likely than not sustained upon audit based upon the technical merits of the tax position. For tax positions that are determined to be more likely than not sustained upon audit, a company recognizes the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement in the financial statements. For tax positions that are not determined to be more likely than not sustained upon audit, a company does not recognize any portion of the benefit in the financial statements. The guidance provides for de-recognition, classification, penalties and interest, accounting in interim periods and disclosure.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">The Company did not have any unrecognized tax positions or benefits and there was no effect on the financial condition or results of operations for the nine months ended September 30, 2012. The Company and its subsidiaries are subject to local and various foreign tax jurisdictions. The Company’s tax returns remain open subject to examination by major tax jurisdictions.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Net loss per share</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt -0.55pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">The Company calculates net loss per share in accordance with ASC Topic 260<i> “Earnings per Share”</i>. Basic loss per share is computed by dividing the net loss by the weighted-average number of common shares outstanding during the period. Diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Foreign currencies translation</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">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. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">The reporting currency of the Company is United States Dollars ("US$"). The Company’s subsidiaries operating in Hong Kong and the PRC maintained their books and records in their local currency, Hong Kong Dollars ("HK$") and Renminbi Yuan (“RMB”), which are functional currencies as being the primary currency of the economic environment in which these entities operate.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">In general, assets and liabilities are translated into US$, in accordance with ASC Subtopic 830-30 “<i>Translation of Financial Statement”</i>, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive income within the statement of stockholders’ equity.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">Translation of amounts from RMB and HK$ into US$1 has been made at the following exchange rates for the respective period:</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <div align="center"> <table width="624" style="BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="357" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:268.1pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; TEXT-INDENT:-5.65pt; MARGIN:0in 0.85pt 0pt 5.65pt; LAYOUT-GRID-MODE:char" align="center"> </p></td> <td width="7" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:5.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p></td> <td width="122" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:91.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">September 30, 2012</p></td> <td width="5" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:3.8pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center"><font style="BACKGROUND:yellow"> </font></p></td> <td width="132" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:99pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">September 30, 2011</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="357" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:268.1pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-INDENT:-5.65pt; MARGIN:0in 0.85pt 0pt 5.65pt; LAYOUT-GRID-MODE:char">Period-end RMB:US$1 exchange rate</p></td> <td width="7" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:5.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p></td> <td width="122" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:91.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right">6.3340</p></td> <td width="5" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:3.8pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right"><font style="BACKGROUND:yellow"> </font></p></td> <td width="132" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:99pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right">6.4018</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="357" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:268.1pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-INDENT:-5.65pt; MARGIN:0in 0.85pt 0pt 5.65pt; LAYOUT-GRID-MODE:char">Average period RMB:US$1 exchange rate</p></td> <td width="7" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:5.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p></td> <td width="122" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:91.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right">6.3275</p></td> <td width="5" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:3.8pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right"><font style="BACKGROUND:yellow"> </font></p></td> <td width="132" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:99pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right">6.5060</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="357" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:268.1pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-INDENT:-5.65pt; MARGIN:0in 0.85pt 0pt 5.65pt; LAYOUT-GRID-MODE:char">Period-end HK$:US$1 exchange rate</p></td> <td width="7" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:5.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p></td> <td width="122" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:91.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right">7.7549</p></td> <td width="5" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:3.8pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right"><font style="BACKGROUND:yellow"> </font></p></td> <td width="132" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:99pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right">7.7934</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="357" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:268.1pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-INDENT:-5.65pt; MARGIN:0in 0.85pt 0pt 5.65pt; LAYOUT-GRID-MODE:char">Average period HK$:US$1 exchange rate</p></td> <td width="7" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:5.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p></td> <td width="122" style="BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:91.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right">7.7597</p></td> <td width="5" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:3.8pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right"><font style="BACKGROUND:yellow"> </font></p></td> <td width="132" style="BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:99pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right">7.7867</p></td></tr></table></div> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Related parties</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Fair value of financial instruments</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">The carrying value of the Company’s financial instruments: cash and cash equivalents, prepayments and other receivables, accounts payable, amount due to a related party, other payables and accrued liabilities approximate at their fair values because of the short-term nature of these financial instruments. </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">The Company also follows the guidance of the ASC Topic 820-10, “<i>Fair Value Measurements and Disclosures</i>” ("ASC 820-10"), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows: </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <table width="100%" cellpadding="0" cellspacing="0"> <tr style="PAGE-BREAK-INSIDE:avoid"> <td width="24" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:0.25in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; tab-stops:list .25in"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font> </p></td> <td width="578" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:433.35pt; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"><i>Level 1 </i>: Observable inputs such as quoted prices in active markets; </p></td></tr></table> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <table width="100%" style="WIDTH:100%" cellpadding="0" cellspacing="0"> <tr style="PAGE-BREAK-INSIDE:avoid"> <td width="24" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:0.25in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; tab-stops:list .25in"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font> </p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"><i>Level 2 </i>: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and </p></td></tr></table> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <table width="100%" style="WIDTH:100%" cellpadding="0" cellspacing="0"> <tr style="PAGE-BREAK-INSIDE:avoid"> <td width="24" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:0.25in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; tab-stops:list .25in"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>?</p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"><i>Level 3 </i>: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions </p></td></tr></table> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">Fair value estimates are made at a specific point in time based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Recent accounting pronouncements</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.</p>
<!--egx--><p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-57.25pt; MARGIN:0in 0in 0pt 57.25pt; LAYOUT-GRID-MODE:char"><b>NOTE</b><b><font lang="ZH-CN">-</font>5 AMOUNT DUE TO A RELATED PARTY</b></p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">As of September 30, 2012, amount due a related party represented temporary advances made by a director and a major shareholder of the Company, Mr. William Hui, which was unsecured, interest-free with no fixed repayment term.</p>
<!--egx--><p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-57.25pt; MARGIN:0in 0in 0pt 57.25pt; LAYOUT-GRID-MODE:char"><b>NOTE</b><b><font lang="ZH-CN">-</font>6 INCOME TAXES</b></p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in -1.4pt 0pt 0in; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in -1.4pt 0pt 0in; LAYOUT-GRID-MODE:char">The Company operates in various countries: United States, British Virgin Island, Hong Kong and the PRC that are subject to taxes in the jurisdictions in which they operate, as follows:</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in -1.4pt 0pt 0in; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in -1.4pt 0pt 0in; LAYOUT-GRID-MODE:char"><i>United States of America</i></p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in -1.4pt 0pt 0in; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in -1.4pt 0pt 0in; LAYOUT-GRID-MODE:char">The Company is registered in the State of Nevada and is subject to United States current tax law.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in -1.4pt 0pt 0in; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in -1.4pt 0pt 0in; LAYOUT-GRID-MODE:char"><i>British</i><i> Virgin Island</i></p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in -1.4pt 0pt 0in; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in -1.4pt 0pt 0in; LAYOUT-GRID-MODE:char">Under the current BVI law, the Company is not subject to tax on income.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in -1.4pt 0pt 0in; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in -1.4pt 0pt 0in; LAYOUT-GRID-MODE:char"><i>Hong Kong</i><i> </i></p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in -1.4pt 0pt 0in; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in -1.4pt 0pt 0in; LAYOUT-GRID-MODE:char">For the nine months ended September 30, 2012, no provision for Hong Kong Profits Tax is provided for as the Company’s income neither arises in, nor is derived from Hong Kong under its applicable tax law.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in -1.4pt 0pt 0in; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in -1.4pt 0pt 0in; LAYOUT-GRID-MODE:char"><i>The PRC</i></p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in -1.4pt 0pt 0in; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in -1.4pt 0pt 0in; LAYOUT-GRID-MODE:char">With effect from January 1, 2008, the Company is subject to the unified income rate of 25% on the taxable income. For the nine months ended September 30, 2012, the Company generated no operating result and accordingly, no provision for income tax has been recorded.</p>
<!--egx--><p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-57.25pt; MARGIN:0in 0in 0pt 57.25pt; LAYOUT-GRID-MODE:char"><b>NOTE</b><b><font lang="ZH-CN">-</font>7 COMMITMENTS AND CONTINGENCIES</b></p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in -1.4pt 0pt 0in; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in -1.4pt 0pt 0in; LAYOUT-GRID-MODE:char">The Company currently does not have any formal rent agreements. The Company recorded and paid rent expense at the current market fair value on a monthly basis under the lease agreement signed by a related party, which was controlled by the director and major shareholder of the Company.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in -1.4pt 0pt 0in; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in -1.4pt 0pt 0in; LAYOUT-GRID-MODE:char">Costs incurred under this operating lease are recorded as rental expense and totaled approximately $50,662 and $49,077 for the nine months ended September 30, 2012 and 2011, respectively.</p>
<!--egx--><p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-57.25pt; MARGIN:0in 0in 0pt 57.25pt; LAYOUT-GRID-MODE:char"><b>NOTE</b><b><font lang="ZH-CN">-</font>8 SUBSEQUENT EVENTS</b></p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">The Company evaluated subsequent events through the date the financial statements were issued and filed with this Form 10-Q. There were no subsequent events that required recognition or disclosure.</p> <p style="MARGIN:0in 0in 0pt"> </p>
<!--egx--><p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Use of estimates</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">In preparing these condensed consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets and revenues and expenses during the periods reported. Actual results may differ from these estimates.</p>
<!--egx--><p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Basis of consolidation</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">The condensed consolidated financial statements include the financial statements of INCM and its subsidiaries. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation.</p>
<!--egx--><p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Cash and cash equivalents</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.</p>
<!--egx--><p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Property, plant and equipment, net</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis (after taking into account their respective estimated residual values) over the following expected useful lives from the date on which they become fully operational:</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <table width="601" style="MARGIN:auto auto auto 0.7pt; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="PAGE-BREAK-INSIDE:avoid"> <td width="360" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:270.2pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p></td> <td width="130" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:97.3pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">Expected useful life</p></td> <td width="6" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:4.7pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center"> </p></td> <td width="105" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:78.4pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">Residual value</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid"> <td width="360" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:270.2pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5pt; LAYOUT-GRID-MODE:char">Plant and machinery</p></td> <td width="130" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:97.3pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">5-10 years</p></td> <td width="6" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:4.7pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center"> </p></td> <td width="105" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:78.4pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">5%</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid"> <td width="360" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:270.2pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5pt; LAYOUT-GRID-MODE:char">Furniture, fixtures and office equipment</p></td> <td width="130" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:97.3pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">5 years</p></td> <td width="6" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:4.7pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center"> </p></td> <td width="105" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:78.4pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">0-5%</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid"> <td width="360" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:270.2pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5pt; LAYOUT-GRID-MODE:char">Leasehold improvement</p></td> <td width="130" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:97.3pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">2 years</p></td> <td width="6" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:4.7pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center"> </p></td> <td width="105" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:78.4pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">0%</p></td></tr></table> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">Expenditure for repairs and maintenance is expensed as incurred. When assets have retired or sold, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in the results of operations.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">Depreciation expense was $390 and $640 for the three months ended September 30, 2012 and 2011, respectively.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">Depreciation expense was $741 and $1,922 for the nine months ended September 30, 2012 and 2011, respectively.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p>
<!--egx--><p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Valuation of long-lived assets</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">In accordance with Accounting Standards Codification (“ASC”) Topic 360-10-5, “<i>Impairment or Disposal of Long-Lived Assets</i>”, the Company periodically reviews long-lived assets for impairment whenever events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable or that the useful lives are no longer appropriate. Each impairment test is based on a comparison of the undiscounted cash flows to the recorded value of the asset. If an impairment is indicated, the asset is written down to its estimated fair value based on a discounted cash flow analysis. Determining the fair value of long-lived assets includes significant judgment by management, and different judgments could yield different results. There has been no impairment charge for the periods presented.</p>
<!--egx--><p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Revenue recognition</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">The Company will recognize its revenue in accordance with the ASC Topic 605, <i>"Revenue Recognition"</i>. Revenue will be recognized upon shipment, provided that evidence of an arrangement exists, title and risk of loss have passed to the customer, fees are fixed or determinable and collection of the related receivable is reasonably assured. Revenue will be recorded net of taxes and estimated product returns, which is based upon the Company's return policy, sales agreements, management estimates of potential future product returns related to current period revenue, current economic trends, changes in customer composition and historical experience.</p>
<!--egx--><p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Comprehensive income or loss</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">ASC Topic 220,<i> “Comprehensive Income”</i> establishes standards for reporting and display of comprehensive income or loss, its components and accumulated balances. Comprehensive income or loss as defined includes all changes in equity during a period from non-owner sources. Accumulated comprehensive income or loss, as presented in the accompanying consolidated statement of stockholders’ deficit consists of changes in unrealized gains and losses on foreign currency translation. This comprehensive income or loss is not included in the computation of income tax expense or benefit.</p>
<!--egx--><p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Income taxes</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">The Company adopts ASC Topic 740 <i>“Income Taxes”</i>, regarding accounting for uncertainty in income taxes which prescribes the recognition threshold and measurement attributes for financial statement recognition and measurement of tax positions taken or expected to be taken on a tax return. In addition, the guidance requires the determination of whether the benefits of tax positions will be more likely than not sustained upon audit based upon the technical merits of the tax position. For tax positions that are determined to be more likely than not sustained upon audit, a company recognizes the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement in the financial statements. For tax positions that are not determined to be more likely than not sustained upon audit, a company does not recognize any portion of the benefit in the financial statements. The guidance provides for de-recognition, classification, penalties and interest, accounting in interim periods and disclosure.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">The Company did not have any unrecognized tax positions or benefits and there was no effect on the financial condition or results of operations for the nine months ended September 30, 2012. The Company and its subsidiaries are subject to local and various foreign tax jurisdictions. The Company’s tax returns remain open subject to examination by major tax jurisdictions.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p>
<!--egx--><p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Net loss per share</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt -0.55pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">The Company calculates net loss per share in accordance with ASC Topic 260<i> “Earnings per Share”</i>. Basic loss per share is computed by dividing the net loss by the weighted-average number of common shares outstanding during the period. Diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.</p>
<!--egx--><p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Foreign currencies translation</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">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. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">The reporting currency of the Company is United States Dollars ("US$"). The Company’s subsidiaries operating in Hong Kong and the PRC maintained their books and records in their local currency, Hong Kong Dollars ("HK$") and Renminbi Yuan (“RMB”), which are functional currencies as being the primary currency of the economic environment in which these entities operate.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">In general, assets and liabilities are translated into US$, in accordance with ASC Subtopic 830-30 “<i>Translation of Financial Statement”</i>, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive income within the statement of stockholders’ equity.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">Translation of amounts from RMB and HK$ into US$1 has been made at the following exchange rates for the respective period:</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <div align="center"> <table width="624" style="BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="357" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:268.1pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; TEXT-INDENT:-5.65pt; MARGIN:0in 0.85pt 0pt 5.65pt; LAYOUT-GRID-MODE:char" align="center"> </p></td> <td width="7" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:5.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p></td> <td width="122" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:91.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">September 30, 2012</p></td> <td width="5" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:3.8pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center"><font style="BACKGROUND:yellow"> </font></p></td> <td width="132" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:99pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">September 30, 2011</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="357" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:268.1pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-INDENT:-5.65pt; MARGIN:0in 0.85pt 0pt 5.65pt; LAYOUT-GRID-MODE:char">Period-end RMB:US$1 exchange rate</p></td> <td width="7" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:5.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p></td> <td width="122" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:91.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right">6.3340</p></td> <td width="5" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:3.8pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right"><font style="BACKGROUND:yellow"> </font></p></td> <td width="132" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:99pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right">6.4018</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="357" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:268.1pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-INDENT:-5.65pt; MARGIN:0in 0.85pt 0pt 5.65pt; LAYOUT-GRID-MODE:char">Average period RMB:US$1 exchange rate</p></td> <td width="7" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:5.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p></td> <td width="122" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:91.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right">6.3275</p></td> <td width="5" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:3.8pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right"><font style="BACKGROUND:yellow"> </font></p></td> <td width="132" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:99pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right">6.5060</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="357" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:268.1pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-INDENT:-5.65pt; MARGIN:0in 0.85pt 0pt 5.65pt; LAYOUT-GRID-MODE:char">Period-end HK$:US$1 exchange rate</p></td> <td width="7" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:5.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p></td> <td width="122" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:91.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right">7.7549</p></td> <td width="5" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:3.8pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right"><font style="BACKGROUND:yellow"> </font></p></td> <td width="132" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:99pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right">7.7934</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="357" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:268.1pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-INDENT:-5.65pt; MARGIN:0in 0.85pt 0pt 5.65pt; LAYOUT-GRID-MODE:char">Average period HK$:US$1 exchange rate</p></td> <td width="7" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:5.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p></td> <td width="122" style="BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:91.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right">7.7597</p></td> <td width="5" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:3.8pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right"><font style="BACKGROUND:yellow"> </font></p></td> <td width="132" style="BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:99pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right">7.7867</p></td></tr></table></div> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p>
<!--egx--><p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Related parties</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.</p>
<!--egx--><p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Fair value of financial instruments</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">The carrying value of the Company’s financial instruments: cash and cash equivalents, prepayments and other receivables, accounts payable, amount due to a related party, other payables and accrued liabilities approximate at their fair values because of the short-term nature of these financial instruments. </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">The Company also follows the guidance of the ASC Topic 820-10, “<i>Fair Value Measurements and Disclosures</i>” ("ASC 820-10"), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows: </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <table width="100%" cellpadding="0" cellspacing="0"> <tr style="PAGE-BREAK-INSIDE:avoid"> <td width="24" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:0.25in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; tab-stops:list .25in"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font> </p></td> <td width="578" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:433.35pt; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"><i>Level 1 </i>: Observable inputs such as quoted prices in active markets; </p></td></tr></table> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <table width="100%" style="WIDTH:100%" cellpadding="0" cellspacing="0"> <tr style="PAGE-BREAK-INSIDE:avoid"> <td width="24" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:0.25in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; tab-stops:list .25in"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font> </p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"><i>Level 2 </i>: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and </p></td></tr></table> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <table width="100%" style="WIDTH:100%" cellpadding="0" cellspacing="0"> <tr style="PAGE-BREAK-INSIDE:avoid"> <td width="24" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:0.25in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; tab-stops:list .25in"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>?</p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"><i>Level 3 </i>: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions </p></td></tr></table> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">Fair value estimates are made at a specific point in time based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. </p>
<!--egx--><p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; LAYOUT-GRID-MODE:char; TEXT-AUTOSPACE:ideograph-numeric"><font style="FONT-FAMILY:Symbol">·<font style="FONT:7pt 'Times New Roman'"> </font></font>Recent accounting pronouncements</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p>
<!--egx--><p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <table width="601" style="MARGIN:auto auto auto 0.7pt; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="PAGE-BREAK-INSIDE:avoid"> <td width="360" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:270.2pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p></td> <td width="130" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:97.3pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">Expected useful life</p></td> <td width="6" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:4.7pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center"> </p></td> <td width="105" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:78.4pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">Residual value</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid"> <td width="360" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:270.2pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5pt; LAYOUT-GRID-MODE:char">Plant and machinery</p></td> <td width="130" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:97.3pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">5-10 years</p></td> <td width="6" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:4.7pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center"> </p></td> <td width="105" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:78.4pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">5%</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid"> <td width="360" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:270.2pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5pt; LAYOUT-GRID-MODE:char">Furniture, fixtures and office equipment</p></td> <td width="130" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:97.3pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">5 years</p></td> <td width="6" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:4.7pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center"> </p></td> <td width="105" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:78.4pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">0-5%</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid"> <td width="360" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:270.2pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5pt; LAYOUT-GRID-MODE:char">Leasehold improvement</p></td> <td width="130" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:97.3pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">2 years</p></td> <td width="6" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:4.7pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center"> </p></td> <td width="105" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:78.4pt; PADDING-RIGHT:1.4pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">0%</p></td></tr></table> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p>
<!--egx--><p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char">Translation of amounts from RMB and HK$ into US$1 has been made at the following exchange rates for the respective period:</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p> <div align="center"> <table width="624" style="BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="357" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:268.1pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; TEXT-INDENT:-5.65pt; MARGIN:0in 0.85pt 0pt 5.65pt; LAYOUT-GRID-MODE:char" align="center"> </p></td> <td width="7" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:5.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p></td> <td width="122" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:91.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">September 30, 2012</p></td> <td width="5" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:3.8pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center"><font style="BACKGROUND:yellow"> </font></p></td> <td width="132" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:99pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char" align="center">September 30, 2011</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="357" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:268.1pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-INDENT:-5.65pt; MARGIN:0in 0.85pt 0pt 5.65pt; LAYOUT-GRID-MODE:char">Period-end RMB:US$1 exchange rate</p></td> <td width="7" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:5.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p></td> <td width="122" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:91.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right">6.3340</p></td> <td width="5" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:3.8pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right"><font style="BACKGROUND:yellow"> </font></p></td> <td width="132" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:99pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right">6.4018</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="357" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:268.1pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-INDENT:-5.65pt; MARGIN:0in 0.85pt 0pt 5.65pt; LAYOUT-GRID-MODE:char">Average period RMB:US$1 exchange rate</p></td> <td width="7" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:5.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p></td> <td width="122" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:91.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right">6.3275</p></td> <td width="5" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:3.8pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right"><font style="BACKGROUND:yellow"> </font></p></td> <td width="132" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:99pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right">6.5060</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="357" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:268.1pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-INDENT:-5.65pt; MARGIN:0in 0.85pt 0pt 5.65pt; LAYOUT-GRID-MODE:char">Period-end HK$:US$1 exchange rate</p></td> <td width="7" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:5.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p></td> <td width="122" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:91.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right">7.7549</p></td> <td width="5" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:3.8pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right"><font style="BACKGROUND:yellow"> </font></p></td> <td width="132" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:99pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right">7.7934</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="357" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:268.1pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-INDENT:-5.65pt; MARGIN:0in 0.85pt 0pt 5.65pt; LAYOUT-GRID-MODE:char">Average period HK$:US$1 exchange rate</p></td> <td width="7" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:5.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:char"> </p></td> <td width="122" style="BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:91.55pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right">7.7597</p></td> <td width="5" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:3.8pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right"><font style="BACKGROUND:yellow"> </font></p></td> <td width="132" style="BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:1.4pt; WIDTH:99pt; PADDING-RIGHT:1.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 3.5pt 0pt 0in; LAYOUT-GRID-MODE:char" align="right">7.7867</p></td></tr></table></div>
161890
12897411
390
640
741
1922
10
5
2
0.0500
0.0500
0.0000
6.3340
6.4018
6.3275
6.5060
7.7549
7.7934
7.7597
7.7867
50662
49077
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2012-01-01
2012-09-30
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shares
iso4217:USD
iso4217:USD
shares
pure