	MD Holdings Corp.			Hongkong Chenxin International Development Limited		Pro Forma Adjustment		Pro Forma Combined

	Unaudited			Unaudited

	US$			US$		US$		US$

Assets

Current assets:
Cash and cash equivalents		170			6,003,535				6,003,705
Accounts receivable					6,127				6,127
Amount due from director					13,153				13,153
Prepayments and other current assets					234,370	(a)70,000			304,370
Inventories					3,163,149				3,163,149

Total current assets		170			9,420,334				9,490,504

Property, plant and equipment, net					4,800,375				4,800,375
Land use right, net					660,811				660,811

Total assets		170			14,881,520				14,951,690

Liabilities and shareholders’ equity

Current liabilities:
Short term borrowings					1,417,134				1,417,134
Accounts payable		25,117			4,243,898				4,4,269,015
Dividend payable to ex-shareholders					2,000,293				2,000,293
Other payables and accrued expenses		27,500			480,487				507,987
Income tax payable					807,478				807,478

Total current liabilities		52,617			8,949,290				9,001,907

Shareholders’ equity:
Paid-in capital		20,717			1,287	(a)12,000 (b)(1,287	)		32,717
Additional paid in capital		456,328			1,238,636	(a)58,000 (b)1,287			1,754,251
PRC statutory reserve					803,530				803,530
Retained earnings		(529,492	)		3,207,754				2,678,262
Accumulated comprehensive income					681,023				681,023
Total shareholders’ equity		(52,407	)		5,932,230				5,949,783

Total liabilities and shareholders’ equity		170			14,881,520				14,951,690

Pro Forma Adjustment

(a)

MD Holdings Corp (“MDHO”) acquired all of the issued and outstanding securities of Hongkong Chenxin International Development Limited (“Chenxin”) of $1,287 as well as a cash payment in the amount of $70,000 in exchange for 12 million newly-issued shares of MDHO’s common stock, par value $0.001 per share. Which arising an additional paid in capital of $58,000.

(b)

The paid in capital of Chenxin of $1,287 was transferred to additional paid in capital after the share exhange.