10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

x QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2012

o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from _____________________ to ______________

Commission file number

333-171046

MEGA WORLD FOOD HOLDING COMPANY

((Exact name of registrant as specified in its charter)

Nevada	2030	27-4715504
(State or other jurisdiction of incorporation or organization)	(Primary Standard Industrial Classification Code Number)	IRS I.D.

Room C1D, 6/F, Wing Hing Industrial Building, 14 Hing Yip Street Kwun Tong, Kowloon Hong Kong
(Address of principal executive offices)	(Zip Code)

Issuer’s telephone number:  852-21101865

N/A

(Former name, former address and former three months, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes x No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes o No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	o	Accelerated filer	o
Non-accelerated filer	o	Smaller reporting company	x
(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No x

As of March 31, 2012 there were 25,000,000 shares issued and outstanding of the registrant’s common stock.

TABLE OF CONTENTS

PART I
Item 1.	FINANCIAL INFORMATION	3
Item 2.	Management’s Discussion and Analysis or Plan of Operation.	21
Item 3.	Quantitative and Qualitative Disclosure about Market Risk	28
Item 4.	Controls and Procedures.	28
PART II
Item 1.	Legal Proceedings.	29
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.	29
Item 3.	Defaults Upon Senior Securities	29
Item 4.	Mine Safety Disclosures.	29
Item 5.	Other Information.	29
Item 6.	Exhibits.	30
	SIGNATURES	31

2

PART I — FINANCIAL INFORMATION

MEGA WORLD FOOD HOLDING COMPANY

(A Development Stage Enterprise)

Unaudited Financial Statements

AS OF March 31, 2012

 AND FOR THE PERIOD FROM JUNE 24, 2010

(DATE OF INCEPTION) TO March 31, 2012

3

Table of Contents

Balance Sheets	5
Statement of Operation	6
Shareholders Equity	7
Statement of Cash Flows	8
Notes to Financial Statements	9
Exhibit A	20

4

MEGA WORLD FOOD HOLDING COMPANY

(A Development Stage Enterprise)

CONSOLIDATED BALANCE SHEETS

	March 31			September 30
	2012			2011
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	3,904		$	3,956
Prepaid rent deposit, net	$	3,345		$	8,362
Prepaid deposit to supplier	$	38,000		$	38,000
Total Current Assets	$	45,249		$	50,318
TOTAL ASSETS	$	45,249		$	50,318
LIABILITIES & EQUITY
Current liabilities:
Account payable	$	26,000		$	-
Total Current Liabilities	$	26,000		$	-
Other current liabilities:
Loan from shareholders	$	47,357		$	29,655
Total Other Current Liabilities	$	47,357		$	29,655
Total Liabilities	$	73,357		$	29,655
Stockholders' Equity:
Preferred stock, $0.001 par value; 10,000,000 shares
authorized; no shares issued and outstanding.
Common stock, $0.001 par value; 100,000,000 shares
authorized; 25,000,000 shares issued and
outstanding at December 31, 2011.	$	25,000		$	25,000
Paid-in capital	$	73,125		$	73,125
Deficit accumulated during the development stage	$	(126,273	)	$	(77,502	)
Accumulated other comprehensive income (loss)	$	40		$	40
Total stockholders' equity	$	(28,108	)	$	20,663
TOTAL LIABILITIES & EQUITY	$	45,249		$	50,318

5

MEGA WORLD FOOD HOLDING COMPANY

(A Development Stage Enterprise)

CONSOLIDATED STATEMENT OF LOSS

	Six Month Ended March 31, 2012			Six Month Ended March 31, 2011			Three Month Ended March 31, 2012			Three Month Ended March 31, 2011		Cumulative from June 24, 2010 (Date of Inception) to March 31, 2012
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)		(Unaudited)
Revenues:	$	-		$	20,000		$	-		$	20,000	$	20,000
Cost of Goods Sold	$	-		$	16,800		$	-		$	16,800	$	16,800
Gross Profit	$	-		$	3,200		$	-		$	3,200	$	3,200
Operating expenses:
General and administrative expenses	$	37,521		$	6,666		$	28,542		$	2,657	$	129,473
Total Operating Expenses	$	37,521		$	6,666		$	28,542		$	2,657	$	129,473
Operating Loss	$	(37,521	)	$	(3,466	)	$	(28,542	)	$	543	$	(126,273	)
Interest income, net	$	0		$	-		$	-		$	-	$	0
Other Income,net	$	-		$	-		$	-		$	-	$	-
Interest Expense, net	$	-		$	-		$	-		$	-	$	-
Loss before taxes	$	(37,521	)	$	(3,466	)	$	(28,542	)	$	543	$	(126,273	)
Loss tax expense	$	-		$	-		$	-		$	-	$	-
Net Loss	$	(37,521	)	$	(3,466	)	$	(28,542	)	$	543	$	(126,273	)
Net Loss per common share-Basic	$	-								$	-	$	-
Net Loss per common share-Diluted	$	-								$	-	$	-
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		-			-			-			-		40
Other comprehensive income (loss)	$	-		$	-		$	-		$	-	$	40
Comprehensive Income (Loss)	$	(37,521	)	$	(3,466	)	$	(28,542	)	$	543	$	(126,233	)

6

MEGA WORLD FOOD HOLDING COMPANY

(A Development Stage Enterprise)

CONSOLIDATED STATEMENT OF STOCKHOLDERS EQUITY (Unaudited)

FOR THE PERIOD ENDED MARCH 31, 2012

							Deficit
							Accumulated			Accumulated
					Additional		During the			Other		Total
	Common Stock				Paid-in		Development			Comprehensive		Stockholders'
	Shares		Amount		Capital		Stage			Income (Loss)		Equity
June 24, 2010		-	$	-	$	-	$	-				$	-
Issued common stocks to founder at $0.001 per
share for organization expenses on 9/14/2010		20,875,000	$	20,875								$	20,875
Issued common stocks to Williams @$0.01 per
share for services rendered on 9/20/2010		250,000	$	250	$	2,250						$	2,500
Issued common stocks to Jian Di  @$0.01 per		2,475,000	$	2,475	$	22,275						$	24,750
share for services rendered on 9/20/2010
Issued common stocks to Yuan Su and Guoyong
Xu @$0.01 per share for cash on 9/20/2010		1,000,000	$	1,000	$	9,000						$	10,000
Issued common stocks to 40 shareholders
@$0.1 per share for cash on 9/30/2010		400,000	$	400	$	39,600						$	40,000
Adjustment for currency rate exchange										$	40	$	40
Net loss for the year ended September 30, 2010							$	(39,053	)			$	(39,053	)
Balance, September 30, 2010		25,000,000	$	25,000	$	73,125	$	(39,053	)	$	40	$	59,112
Adjustment for currency rate exchange										$	-	$	-
Net loss for the year ended September 30, 2011							$	(49,699	)			$	(49,699	)
Balance, September 30, 2011		25,000,000	$	25,000	$	73,125	$	(88,752	)	$	40	$	9,413
Adjustment for currency rate exchange										$	-	$	-
Net loss for the period ended March 31, 2012							$	(37,521	)			$	(37,521	)
Balance, March 31, 2012		25,000,000	$	25,000	$	73,125	$	(126,273	)	$	40	$	(28,108	)

7

MEGA WORLD FOOD HOLDING COMPANY

(A Development Stage Enterprise)

CONSOLIDATED STATEMENT OF CASH FLOWS

	Six Month Ended March 31,			Six Month Ended March 31,			Three Month Ended March 31,			Three Month Ended March 31,			Cumulative from June 24, 2010 (Date of Inception)to March 31,
	2012			2011			2012			2011			2012
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)
Operating Activities:
Net loss	$	(37,521	)	$	(3,466	)	$	(28,542	)	$	543		$	(126,273	)
Adjustments to reconcile net income to net cash provided
by operating activities:
Non-cash portion of share based legal fee expense		-			-			-			-			2,500
Non-cash portion of share based consulting expense		-			-						-			24,750
Prepaid rent deposit		5,017			5,018			2,508			2,509			(3,344	)
Prepaid deposit to supplier		-			(38,000	)		-			(38,000	)		(38,000	)
Accounts Payable		19,750			-			13,500			-			26,000
Loan from shareholders		12,702			1,500			12,482			-			47,356
Net cash provided by operating activities	$	(52	)	$	(34,948	)	$	(52	)	$	(34,948	)	$	(67,011	)
Investing Activities:
Net cash provided by investing activities	$	-		$	-		$	-		$	-		$	-
Financing Activities:
Proceeds from issuance of common stock		-			-			-			-			70,875
Net cash provided by financing activities	$	-		$	-		$	-		$	-		$	70,875
Effect of  Exchange Rate on Cash	$	-		$	-		$	-		$	-		$	40
Net increase (decrease) in cash and cash equivalents	$	(52	)	$	(34,948	)	$	(52	)	$	(34,948	)	$	3,904
Cash and cash equivalents at beginning of the period	$	3,956		$	50,750		$	3,956		$	50,750		$	-
Cash and cash equivalents at end of period	$	3,904		$	15,802		$	3,904		$	15,802		$	3,904

8

MEGA WORLD FOOD HOLDING COMPANY

NOTES TO FINANCIAL STATEMENTS

NOTE A- BUSINESS DESCRIPTION

Organization

Mega World Food Holding Company (the Company) is a Nevada corporation formed on September 14, 2010.  At September 14, 2010, the Company acquired 100% ownership of Mega World Food Limited (HK), a Hong Kong China corporation formed in June 24, 2010, owned 100% by founder, chairman and director, Mr. Xiaozhong Wu.   At September 14, 2010, the Company issued 14,972,120 common shares at par value of $0.001 to founder, chairman and director, Mr. Xiaozhong Wu, to acquire 100% ownership of Mega World Food Limited (HK).  Mega World Food Limited (HK) is wholly-owned subsidiary of the Company. The purpose of this transaction was solely to form a U.S. holding company for the business, and this transaction is considered as a combination between entities under common control under the guidance of FASB ASC 805-50-25-2 and 805-50-45.

The principal executive office is located at ROOM C1D, 6/F, WING HING INDUSTRIAL BUILDING, 14 HING YIP STREET, KWUN TONG, KOWLOON, HONG KONG.  The U.S. address is 1995 Baring Blvd., Sparks, NV 89434.

Business

Through wholly-owned subsidiary Mega World Food Limited (HK), referred to as Mega World HK, the Company’s business is the sale of frozen vegetables in all areas of the world except China.

The Company will sell the following types of frozen vegetables:  frozen bamboo shoots, frozen mulberry, frozen white cauliflower, frozen lotus root, frozen green soy bean, frozen broccoli, frozen rape flower, frozen snow bean and frozen sward bean .

These food products are produced in China by Lin’an Fengye Food Co., Ltd. (“Lin’an Fengye” or “Supplier”).  It was established in 2006 specializing in the growing and processing of frozen vegetables, and is located Maoli Village, Longgang Town, Lin’an City, Zhejiang Province.  On August, 1, 2010, Mega World Limited signed a ten year distribution agreement with Lin’an Fengye.  Lin’an Fengye is a Chinese vegetable processing company owned 51% by Mr. Xiaozhong Wu, our chairman.  Lin’an Fengye is currently the primary supplier of the products we sell.  Under the distribution agreement, we are not prohibited from distributing products produced and supplied by entities other than the Supplier.

9

MEGA WORLD FOOD HOLDING COMPANY

NOTES TO FINANCIAL STATEMENTS

Business (Continue)

The prices to be paid by for Products purchased pursuant to the Distribution Agreement shall be the same price as Supplier charges other non-affiliated third party distributors or other sales made on a wholesale basis as modified from time to time in Supplier’s discretion but only if the same modification is made for other non-affiliated third party distributors or wholesale purchasers.  Supplier has further agreed that it will not require us to purchase a quantity of products in excess of that which we can reasonably afford or reasonably expect to sell in within two to three months of our purchase of the Products.

Going Concern and Plan of Operation

The Company's financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company is in the development stage and has not earned any revenues from operations to date. These conditions raise substantial doubt about its ability to continue as a going concern.  These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

NOTE B – SIGNIFICANT ACCOUNTING POLICIES

Development Stage Company

The Company is considered to be in the development stage as defined in Statement of Financial Accounting Standards (SFAS) ASC 915, “Development Stage Entities”. The Company has devoted substantially all of its efforts to establishing a new business and for which either of the following conditions exists: planned principal operations have not commenced; or the planned principal operations have commenced, but there has been no significant revenue there from.  Due to the Company’s primary efforts was on the formation of new company, and there were no sales activities incurred, accordingly, the Company is considered as development stage entity.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect certain amounts reported in the financial statements and disclosures.  Accordingly, actual results could differ from those estimates.

10

MEGA WORLD FOOD HOLDING COMPANY

NOTES TO FINANCIAL STATEMENTS

NOTE B – SIGNIFICANT ACCOUNTING POLICIES (Continued)

Basis of accounting

The financial statements reflect the assets, revenues and expenditures of the Company on the accrued basis of accounting.  The Company’s fiscal year end is the last day of September 30.

Principles of Consolidation

The consolidated financial statements of the Company include the accounts of Mega World Food Holding Company and Mega World Food Limited (HK).  All significant intercompany balances and transactions have been eliminated in consolidation

Cash and Cash Equivalents

The Company considers all highly-liquid investments with an original maturity of three months or less when purchased to be cash equivalents. As of March 31, 2012, the company had cash and cash equivalents of $3,904.

Stock-Based Compensation

The Company accounts for stock issued for services using the fair value method.  In accordance with FASB ASC 718, Stock-Based Compensation, the measurement date of shares issued for services is the date at which the counterparty’s performance is complete.

The Company incurred legal fee of $2,500 and consulting fee of $24,750 by issuing common stocks after the service completed.

Basics and Diluted Net Loss Per Common Share

The Company computes per share amounts in accordance with Statement of Financial Accounting Standards (SFAS) ASC 260, Earnings per Share (EPS).  ASC 260 requires presentation of basis and diluted EPS.  Basic EPS is computed by dividing the income (loss) available to Common Shareholders by the weighted-average number of common shares outstanding for the period.  Diluted EPS is based on the weighted-average number of shares of common stock and common stock equivalents outstanding during the periods.

As of March 31, 2012, the Company only issued one type of shares, i.e., common shares only.  There are no other types securities were issued.  Accordingly, the diluted and basics net loss per common share are the same.

11

MEGA WORLD FOOD HOLDING COMPANY

NOTES TO FINANCIAL STATEMENTS

NOTE B – SIGNIFICANT ACCOUNTING POLICIES (Continued)

Property, Plant, and Equipment Depreciation

Property, plant, and equipment are stated at cost.  Depreciation is being provided principally by straight line methods over the estimated useful lives of the assets.  As of March 31, 2012, there were no fixed assets in the Company’s balance sheets.

Operating Expense

For the six months ended March 31, 2012 and 2011, there was a total of $37,521 and $ 6,666 operating expenses respectively.

For the fiscal quarter ended March 31, 2012 and 2011, there was a total of $28,542 and $ 2,657 operating expenses respectively. Detail was showed in Exhibit A.

Operating Leases

The Company entered into a lease for its corporate offices in under terms of non-cancelable operating leases in Hong Kong. The lease term is from August 01, 2011 through July 31, 2012 and requires a HKD 6,500 monthly lease payment, and this office is located at Wing Hing Industrial Building, 14 Hing Yip Street, Kwun Tong, Kowloon, Hong Kong.

Comprehensive Income

The company’s comprehensive income is comprised of net income, unrealized gains and losses on marketable securities classified foreign currency translation adjustments, and unrealized gains and losses on derivative financial instruments related to foreign currency hedging.

Recent Accounting Pronouncements

The following pronouncements have become effective during the period covered by these financial statements or will become effective after the end of the period covered by these financial statements:

12

MEGA WORLD FOOD HOLDING COMPANY

NOTES TO FINANCIAL STATEMENTS

Recent Accounting Pronouncements ( Continue)

Pronouncement	Issued	Title
ASC 605	October 2009	Revenue Recognition (Topic 605): Multiple-Deliverable Revenue Arrangements – a consensus of the FASB Emerging Issues Task Force
ASC 860	December 2009	Transfers and Servicing (Topic 860): Accounting for Transfers of Financial Assets
ASC 505	January 2010	Accounting for Distributions to Shareholders with Components of Stock and Cash – a consensus of the FASB Emerging Issues Task Force
ASC 810	January 2010	Consolidation (Topic 810): Accounting and Reporting for Decreases in Ownership of a Subsidiary – a Scope Clarification
ASC 718	January 2010	Compensation – Stock Compensation (Topic 718): Escrowed Share Arrangements and the Presumption of Compensation
ASC 820	January 2010	Fair Value Measurements and Disclosures (Topic 820): Improving Disclosures about Fair Value Measurements
ASC 810	February 2010	Consolidation (Topic 810): Amendments for Certain Investment Funds
ASC 815	March 2010	Derivatives and Hedging (Topic 815): Scope Exception Related to Embedded Credit Derivatives
ASC-310 Receivables	July 2010	For public entities, the disclosure as of the end of a reporting period are effective for interim and annual reporting periods ending on or after December 15, 2010. The disclosures about activity that occurs during a reporting period are effective for interim and annual reporting periods beginning on or after December 15, 2010. For nonpublic entities, the disclosures are effective for annual reporting period ending on or after December 15, 2011.

Management does not anticipate that the adoption of these standards will have a material impact on the financial statements.

13

MEGA WORLD FOOD HOLDING COMPANY

NOTES TO FINANCIAL STATEMENTS

NOTE C – RELATED PARTY TRANSACTIONS

Loans from Shareholders/Officers

Since the date of Company’s inception on June 24, 2010, the officers and directors Xiaozhong Wu have advanced the amount of $47,357 to the Company for incorporation and operation as of March 31, 2012. The outstanding balance is due on demand and no agreement was signed.

Cost of Goods Sold

These food products are manufactured in China by Lin’an Fengye Food Co., Ltd. (“Lin’an Fengye” or “Supplier”).  It was established in 2006 specializing in the growing and processing of frozen vegetables, and is located Maoli Village, Longgang Town, Lin’an City, Zhejiang Province.  On August, 1, 2010, Mega World Limited signed a ten year distribution agreement with Lin’an Fengye.  Lin’an Fengye is a Chinese vegetable processing company owned 51% by Mr. Xiaozhong Wu, our chairman.  Lin’an Fengye is currently the main supplier of the Company.  Under the distribution agreement, we are not prohibited from distributing products produced and supplied by entities other than the Supplier.

The prices to be paid by for Products purchased pursuant to the Distribution Agreement shall be the same price as Supplier charges other non-affiliated third party distributors or other sales made on a wholesale basis as modified from time to time in Supplier’s discretion but only if the same modification is made for other non-affiliated third party distributors or wholesale purchasers.

Prepaid Deposit to Supplier

In March 2011, the Company prepaid $ 38,000 deposit to supplier, Lin’an Fengye Food Co., Ltd, for ensuring timely delivery for later purchases.

Therefore, as of March 31, 2012, the Company had $ 38,000 prepaid deposit to supplier.

14

MEGA WORLD FOOD HOLDING COMPANY

NOTES TO FINANCIAL STATEMENTS

NOTE D – SHAREHOLDERS’ EQUITY

Common Stock

Under the Company’s Articles of Incorporation of the Company, the Company is authorized to issue 100,000,000 shares of common stock with a par value of $0.001; and 10,000,000 shares of preferred stocks with par value of $0.001.

Mega World Food Holding Company (the Company) is a Nevada corporation formed on September 14, 2010.  On September 14, 2010, the Company acquired 100% of ownership of Mega World Food Limited (HK), a Hong Kong China corporation formed in June 24, 2010, and owned 100% by founder, Mr. Xiaozhong Wu.  At September 14, 2010, the Company issued 14,972,120 common shares at par value of $0.001 for the total amount of $14,972.12 to Mr. Xiaozhong Wu to exchange the ownership of the Mega World Food Limited (HK), for the same amount of value of Mega World Food Limited (HK).  After the acquisition, Mega World Food Limited (HK) is wholly-owned subsidiary of the Company.

The Company issued shares as listed as follows:

	Common Stock
	Shares
Issued common stocks to founder at $0.001 per share
for organization expenses on 9/14/2010		14,972,120
Issued common stocks to founder at $0.001 per share
for consulting expenses paid by cash on 9/14/2010		5,902,880
Issued common stocks to Williams @$0.01 per share
for services rendered on 9/20/2010		250,000
Issued common stocks to Jian Di  @$0.01 per share		2,475,000
for services rendered on 9/20/2010
Issued common stocks to Yuan Su and Guoyong Xu
@$0.01 per share for cash on 9/20/2010		1,000,000
Issued common stocks to 40 shareholders
@$0.1 per share for cash on 9/30/2010		400,000
Balance, December  31, 2010		25,000,000

15

MEGA WORLD FOOD HOLDING COMPANY

NOTES TO FINANCIAL STATEMENTS

NOTE D – SHAREHOLDERS’ EQUITY (Continued)

On September 30, 2010, the Company issued 25,000,000 shares of its common stock to total 45 shareholders, including restricted shares issued to Founder, Xiaozhong Wu, consultant JianDi & Yuan Su; and non-affiliated other 42 shareholders, equal to the equity value of $59,112.

The restricted common shares were issued as follows:

	Total Shares		%
Xiaozhong Wu, Chairman & CEO		20,875,000.00		83.50	%
Jian Di*		2,475,000.00		9.90	%
Yuan Su*		500,000.00		2.00	%
Total		23,850,000.00		95.40	%

________

* Jian Di and Yuan Su are husband and wife.

The percentage calculation is based on the total outstanding 25,000, 000 shares

There were no any shares issued for the period from October 1 to March 31, 2012.

Therefore, as of March 31, 2012, there was total share of 25,000,000 outstanding.

NOTE E – Acquisition of Mega World Food Limited (HK)

On September 14, 2010, the Mega World Food Holding Company (the Company) acquired the 100% ownership of a Hong Kong company, Mega World Food Limited (HK) owned by Mr. Xiaozhong Wu.  Mega World Food Limited (HK) was incorporated on June 24, 2010, and incurred setting up, formation or organization activities since June 24, 2010.  Mega World Food Limited (HK) is wholly-owned subsidiary of the Company. The purpose of this transaction was solely to form a U.S. holding company for the business, and this transaction is considered as a combination between entities under common control under the guidance of FASB ASC 805-50-25-2 and 805-50-45.

16

MEGA WORLD FOOD HOLDING COMPANY

NOTES TO FINANCIAL STATEMENTS

NOTE E – Acquisition of Mega World Food Limited (HK) (Continued)

Under the guidance of FASB ASC 805-50-25-2 and 805-50-45, the accounting of the two entities combination was recorded as combined two entities’ book value, or pooling of interest accounting.

The Company incurred registration fee, travel expense, and rent expense for setting up Mega World Food Limited in Hong Kong from June 24, 2010 to September 14, 2010.  The total expense incurred in Hong Kong prior September 14, 2010, the inception date of Mega World Food Holding Company incorporated in the State of Nevada, was fully expensed and listed as follows:

Mega World Food Limited (HK) Expense Prior 9/14/201
Bank Service Charges	61.75
Registration Fee	2,947.05
Rent Expense	1,226.44
Travel Expense	1,218.69
Total Expense Prior 9/14/2010	5,453.93

The following table summarizes the amounts recognized for assets and liabilities assumed as of the acquisition date, September 14, 2010.

As of September 14, 2010:

HSBC Bank Balance	$	710.15
Prepaid Rent Deposit	$	8,808.04
Loan from Mr. Xiaozhong Wu	$	14,972.12

At September 14, 2010, total consideration of $14,972.12 (common shares of 14,972,120 at $0.001) was transferred to Mr. Xiaozhong Wu.

NOTE F– GOING CONCERN

The Company is currently in the development stage and their activities consist solely of corporate formation, raising capital, and attempting to sell products to generate revenues.

There is no guarantee that the Company will be able to raise enough capital or generate revenues to sustain its operations and carry out its business plan.  These conditions raise substantial doubt about the Company’s ability to continue as a going concern The financial statements do not include any adjustments relating to the carrying amounts of recorded assets or the carrying amounts and classification of recorded liabilities that may be required should the Company be unable to continue as a going concern.

17

MEGA WORLD FOOD HOLDING COMPANY

NOTES TO FINANCIAL STATEMENTS

NOTE F – GOING CONCERN (Continued)

The Company’s lack of operating history and financial resources raise substantial doubt about its ability to continue as a going concern.  The financial statements do not include adjustments that might result from the outcome of this uncertainty and if the Company is unable to generate significant revenue or secure financing, then the Company may be required to cease or curtail its operations.

NOTE G – INCOME TAXES

The Company has incurred net losses since inception. The Company has not reflected any benefit of such net operating loss carry forward in the accompanying financial statements.  The net operating loss can be carried forward for 15 years.

The income tax benefit differed from the amount computed by applying the estimated US federal income tax rate of 15% to net loss as a result of the following:

	2010
Computed expected tax benefit		(15.00	) %
State income tax, net of federal benefit		(7.30	)
Valuation allowance		22.30
Income tax benefit		-	%

The tax effect of temporary differences that give rise to significant portions of the deferred tax assets as of December 31, 2010 is presented below:

Deferred Tax Assets:

	2010
Registration Fee for start-up costs	$	2,947
Valuation allowance		(2,947	)
Net deferred tax assets	$	-

In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during periods in which those temporary differences become deductible.

18

MEGA WORLD FOOD HOLDING COMPANY

NOTES TO FINANCIAL STATEMENTS

NOTE G – INCOME TAXES (Continued)

Based upon the lack of historical taxable income and uncertain projections of future taxable income over the periods in which the deferred tax assets are deductible, management believes that it is more likely than not that the Company will not realize the benefits of these deductible differences. Accordingly, the Company has provided a valuation allowance against the net deferred tax assets aggregating $2,947 as of December 31, 2010.

19

Exhibit A

	Six Month Ended March 31,		Six Month Ended March 31,		Three Month Ended March 31,		Three Month Ended March 31,		Cumulative from June 24, 2010 (Date of Inception)to March 31,
Expense	2012		2011		2012		2011		2012
Bank Service Charges		96.46		129.28		96.46		129.28		361.64
Postage and Delivery		-		19.06		-		19.06		19.06
Consulting Expense		-		-		-		-		30,652.88
Registration fee		1,807.00		-		1,587.00		-		6,854.05
Professional Fees
Auditing/Accounting Fee		17,500.00		-		17,500.00		-		22,500.00
SEC filling Fee		-		-		-		-		3,500.00
Legal fee		12,500.00		-		6,250.00		-		33,750.00
Total Professional Fees		30,000.00		-		23,750.00		-		59,750.00
Rent Expense		5,017.26		5,017.26		2,508.63		2,508.63		16,724.20
Travel Expense		-		-		-		-		1,218.69
SEC Edgarzation Fee		-		1,500.00		-		-		1,500.00
Transfer Agent Service		600.00		-		600.00		-		12,392.00
Total Expense		37,520.72		6,665.60		28,542.09		2,656.97		129,472.52

20

Item 2.   Management’s Discussion and Analysis or Plan of Operation.

The following discussion of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes, and other financial information included in this Form 10-Q.

Our Management’s Discussion and Analysis contains not only statements that are historical facts, but also statements that are forward-looking.  Forward-looking statements are, by their very nature, uncertain and risky.  These risks and uncertainties include international, national, and local general economic and market conditions; our ability to sustain, manage, or forecast growth; our ability to successfully make and integrate acquisitions; new product development and introduction; existing government regulations and changes in, or the failure to comply with, government regulations; adverse publicity; competition; the loss of significant customers or suppliers; fluctuations and difficulty in forecasting operating results; change in business strategy or development plans; business disruptions; the ability to attract and retain qualified personnel; the ability to protect technology; the risk of foreign currency exchange rate; and other risks that might be detailed from time to time in our filings with the Securities and Exchange Commission.

Although the forward-looking statements in this Report reflect the good faith judgment of our management, such statements can only be based on facts and factors currently known by them.  Consequently, and because forward-looking statements are inherently subject to risks and uncertainties, the actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements.  You are urged to carefully review and consider the various disclosures made by us in this report as we attempt to advise interested parties of the risks and factors that may affect our business, financial condition, and results of operations and prospects.

Overview

We will continue to sell frozen vegetable products through our wholly-owned subsidiary Mega World Food Limited, referred to as Mega World Limited, our business is the sale of frozen vegetables in all areas of the world except China.

We sell the following types of frozen vegetables:  frozen bamboo shoots, frozen mulberry, frozen white cauliflower, frozen lotus root, frozen green soy bean, frozen broccoli, frozen rape flower, frozen snow bean and frozen sward bean.

These food products are produced in China by Lin’an Fengye Food Co., Ltd. (“Lin’an Fengye” or “Supplier”).  It was established in 2006 specializing in the growing and processing of frozen vegetables, and is located Maoli Village, Longgang Town, Lin’an City, Zhejiang Province.  On August, 1, 2010, Mega World Limited signed a ten year distribution agreement with Lin’an Fengye.  Lin’an Fengye is a Chinese vegetable processing company owned 51% by Mr. Xiaozhong Wu, our chairman.  Lin’an Fengye is currently the primary supplier of the products we sell.  Under the distribution agreement, we are not prohibited from distributing products produced and supplied by entities other than the Supplier.

21

The prices to be paid by for Products purchased pursuant to the Distribution Agreement shall be the same price as Supplier charges other non-affiliated third party distributors or other sales made on a wholesale basis as modified from time to time in Supplier’s discretion but only if the same modification is made for other non-affiliated third party distributors or wholesale purchasers. Supplier has further agreed that it will not require us to purchase a quantity of products in excess of that which we can reasonably afford or reasonably expect to sell in within two to three months of our purchase of the Products.

Since inception, we have generated an aggregate of $20,000 of revenues from the sale of frozen vegetables.

We are currently assessing all possible alternatives to increase the Company’s revenues in future periods which may result in modification to our current business plan.  However, we currently have no binding contract, agreement or commitment in that respect.

Results of Operations

For the three months ended March 31, 2012 vs. March 31, 2011:

Revenue

Revenues are recognized from product sales upon shipment, which is the point in time when risk of loss is transferred to the customer, net of estimated returns and allowances.

For the three months ended March 31, 2012 and March 31, 2011, the Company incurred $ 0 and $ 20,000 revenue, respectively.

Cost of Revenue

Our food products are manufactured in China by Lin’an Fengye Food Co., Ltd. (“Lin’an Fengye” or “Supplier”).  It was established in 2006 specializing in the growing and processing of frozen vegetables, and is located Maoli Village, Longgang Town, Lin’an City, Zhejiang Province.  On August, 1, 2010, Mega World Limited signed a ten year distribution agreement with Lin’an Fengye.  Lin’an Fengye is a Chinese vegetable processing company owned 51% by Mr. Xiaozhong Wu, our chairman.  Lin’an Fengye is currently the main supplier of the Company.  The management believes that the purchase price from Lin’an Fengye will be market price.

For the three months period ended March 31, 2012 and March 31, 2011, the total cost of goods sold was $0 and $ 16,800, respectively.

22

Expense

Our operating expenses consist of selling, general and administrative expenses.

For three month period ending March 31, 2012 and 2011, there was a total of $28,542 and $2,657 operating expenses respectively.

	Three Month Ended		Three Month Ended
	March 31,		March 31,
Expense	2012		2011
Bank Service Charges		96.46		129.28
Postage and Delivery		-		19.06
Consulting Expense		-		-
Registration fee		1,587.00		-
Professional Fees
Auditing/Accounting Fee		17,500.00		-
SEC filling Fee		-		-
Legal fee		6,250.00		-
Total Professional Fees		23,750.00		-
Rent Expense		2,508.63		2,508.63
Travel Expense		-		-
SEC Edgarzation Fee		-		-
Transfer Agent Service		600.00		-
Total Expense		28,542.09		2,656.97

We expect selling, general, and administrative expenses to increase in future periods as we initiate a number of marketing and promotional activities.

Income Taxes

We are subject to income taxes in the U.S., while the subsidiary in Hong Kong is subject to the income tax laws of Hong Kong.  Due to the accumulative net loss, we would not subject to both US and Hong Kong’s income taxes yet.

23

Net Income (Loss)

As a result of the foregoing, we incurred net loss of $28,542 for the three month period ended March 31, 2012, and net income of $543 for the three month period ended March 31, 2011, respectively.

Income Taxes

We are subject to income taxes in the U.S., while the subsidiary in Hong Kong is subject to the income tax laws of Hong Kong.  Due to the accumulative net loss, we would not subject to both US and Hong Kong’s income taxes yet.

For the six months ended March 31, 2012 vs. March 31, 2011:

Revenue

Revenues are recognized from product sales upon shipment, which is the point in time when risk of loss is transferred to the customer, net of estimated returns and allowances.

For the six months ended March 31, 2012 and March 31, 2011, the Company incurred $ 0 and $ 20,000 revenue, respectively.

Cost of Revenue

Our food products are manufactured in China by Lin’an Fengye Food Co., Ltd. (“Lin’an Fengye” or “Supplier”).  It was established in 2006 specializing in the growing and processing of frozen vegetables, and is located Maoli Village, Longgang Town, Lin’an City, Zhejiang Province.  On August, 1, 2010, Mega World Limited signed a ten year distribution agreement with Lin’an Fengye.  Lin’an Fengye is a Chinese vegetable processing company owned 51% by Mr. Xiaozhong Wu, our chairman.  Lin’an Fengye is currently the main supplier of the Company.  The management believes that the purchase price from Lin’an Fengye will be market price.

For the six months period ended March 31, 2012 and March 31, 2011, the total cost of goods sold was $0 and $ 16,800 respectively.

Expense

Our operating expenses consist of selling, general and administrative expenses.

24

For six month period ending March 31, 2012 and 2011, there was a total of $ 37,521 and $ 6,666 operating expenses.

	Six Month Ended March 31,		Six Month Ended March 31,		Cumulative from June 24, 2010 (Date of Inception)to March 31,
Expense	2012		2011		2012
Bank Service Charges		96.46		129.28		361.64
Postage and Delivery		-		19.06		19.06
Consulting Expense		-		-		30,652.88
Registration fee		1,807.00		-		6,854.05
Professional Fees
Auditing/Accounting Fee		17,500.00		-		22,500.00
SEC filling Fee		-		-		3,500.00
Legal fee		12,500.00		-		33,750.00
Total Professional Fees		30,000.00		-		59,750.00
Rent Expense		5,017.26		5,017.26		16,724.20
Travel Expense		-		-		1,218.69
SEC Edgarzation Fee		-		1,500.00		1,500.00
Transfer Agent Service		600.00		-		12,392.00
Total Expense		37,520.72		6,665.60		129,472.52

We expect selling, general, and administrative expenses to increase in future periods as we initiate a number of marketing and promotional activities.

Income Taxes

We are subject to income taxes in the U.S., while the subsidiary in Hong Kong is subject to the income tax laws of Hong Kong.  Due to the accumulative net loss, we would not subject to both US and Hong Kong’s income taxes yet.

Net Income (Loss)

As a result of the foregoing, we incurred net loss of $37,521 for the six month period ended March 31, 2012, and net loss of $3,466 for the six month period ended March 31, 2011, respectively.

25

Income Taxes

We are subject to income taxes in the U.S., while the subsidiary in Hong Kong is subject to the income tax laws of Hong Kong.  Due to the accumulative net loss, we would not subject to both US and Hong Kong’s income taxes yet.

Commitments and Contingencies

Our food products are manufactured in China by Lin’an Fengye Food Co., Ltd. (“Lin’an Fengye” or “Supplier”).  It was established in 2006 specializing in the growing and processing of frozen vegetables, and is located Maoli Village, Longgang Town, Lin’an City, Zhejiang Province.  On August, 1, 2010, Mega World Limited signed a ten year distribution agreement with Lin’an Fengye.  Lin’an Fengye is a Chinese vegetable processing company owned 51% by Mr. Xiaozhong Wu, our chairman.  Lin’an Fengye is currently the primary supplier of the products we sell.

Foreign Currency Translation

The Company has determined the United States dollars to be its functional currency for Mega World Food Holding Company; Hong Kong dollars to be its functional currency in Hong Kong’s Mega World Food Limited (Hong Kong).   Assets and liabilities were translated to U.S. dollars at the period-end exchange rate.  The exchange rate of issuance of common stocks to shareholders was used as one U.S. dollar to 7.773 Hong Kong dollar.  Statement of operations amounts were translated to U.S. dollars using the historic rate, i.e., the rate at first date of each month during the year.  Gains and losses resulting from translating foreign currency financial statements are accumulated in other comprehensive income (loss), a separate component of shareholders’ equity.

Liquidity and Capital Resources

	At March 31			At March 31		At September 30
	2012			2011		2011
Current Ratio*		0.62			38.10		1.70
Cash	$	3,904		$	15,801	$	3,956
Working Capital	$	(28,108	)	$	55,647	$	20,663
Total Assets	$	45,249		$	57,147	$	50,318
Total Liabilities	$	73,357		$	1,500	$	29,655
Total Equity	$	(28,108	)	$	55,647	$	20,663
Total Debt/Equity**		-2.61			0.03		1.44

_______

*Current Ratio = Current Assets /Current Liabilities

** Total Debt / Equity = Total Liabilities / Total Shareholders Equity.

26

The Company had cash and cash equivalents of $3,904 at March 31, 2012 and the negative working capital of ($ 28,108).

The total debt of $73,357 as of March 31, 2012 that is included loans from shareholder and professional fee payable.

Until we generate additional operating revenues or receive other financing, all our costs, which we will incur irrespective of our business development activities, including bank service fees and those costs associated with SEC requirements associated with staying public, estimated to be less than $75,000 annually will be funded by our President under the Funding Agreement.  There is no dollar limit to the amount he has agreed to provide.  If we fail to meet these requirements, we may lose our qualification and our securities would no longer trade on the over the counter bulletin board. Further, if we fail to meet these obligations and as a consequence we fail to satisfy our SEC reporting obligations, investors will then own stock in a company that does not provide the disclosure available in quarterly and annual reports filed with the SEC and investors may have increased difficulty in selling their stock as we will be non-reporting.

In addition, we will need to secure a minimum of $212,000 in funds to finance our currently anticipated business plan to focus on frozen vegetable production and sales in overseas market in the next 12 months, in addition to the funds which will be used to stay public and for business development and sales and marketing. However in order to become profitable we may still need to secure additional debt or equity funding. We hope to be able to raise additional funds from an offering of our stock in the future. However, this offering may not occur, or if it occurs, may not raise the required funding. We do not have any plans or specific agreements for new sources of funding, except for the anticipated loans from management as described below, or any planned material acquisitions.

On March 22, 2011, we entered into a Funding Agreement with Xiaozhong Wu, our president and Director (“Lender”) to provide operational and going and staying public funding for us as follows:

1.  FUNDING

The Company requires and will continue to require funding for the Company for its operations and for the Company’s going and staying public in the U.S., including but not limited to legal, accounting, EDGAR, filing, corporate and other fees and expenses (the “Funding”).  Lender agrees to provide all Funding needed by the Company for its operations and for the Company’s going and staying public in the U.S. on the terms and conditions set forth in the Agreement.

2.  TERM

The term of the Agreement began as of the date of this Agreement and terminates when the Company generates operating revenues or receives other financing in amounts necessary to fund its operations and for the Company’s going and staying public in the U.S., including but not limited to legal, accounting, EDGAR, filing, corporate and other fees and expenses.

3.  FUNDING TERMS

The Funding will be provided by Lender on a non-interest bearing basis due upon demand.  There is no limit on the amount of Funding which must be provided under the Agreement, and Lender agrees to provide all needed Funding.  Lender further represents that he has sufficient liquid assets to meet all of Funding obligations under the Agreement.

Our lack of revenues raise substantial doubt about our ability to continue as a going concern.  The financial statements do not include adjustments that might result from the outcome of this uncertainty and if we are unable to generate significant revenue or secure financing we may be required to cease or curtail our operations.  

27

Item 3.  Quantitative and Qualitative Disclosure about Market Risk

Not applicable.

Item 4.  Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

The Company has established disclosure controls and procedures to ensure that information required to be disclosed in this quarterly report on Form 10-Q was properly recorded, processed, summarized and reported within the time periods specified in the Commission's rules and forms.  The Company’s controls and procedures are designed to ensure that information required to be disclosed by the Company in the reports that it files or submits under the Act is accumulated and communicated to the Company’s management, including its principal executive and principal financial officers to allow timely decisions regarding required disclosure.   A control system, no matter how well conceived or operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met.

We carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) at March 31, 2012 based on the evaluation of these controls and procedures required by paragraph (b) of Rule 13a-15 or Rule 15d-15 under the Exchange Act.  This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, at March 31, 2012, our disclosure controls and procedures are not effective.

Changes in Internal Control over Financial Reporting

There have been no changes in the Company's internal control over financial reporting that occurred during the Company's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting.

28

PART II — OTHER INFORMATION

Item 1.  Legal Proceedings.

None.

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds.

(a)                 Unregistered Sales of Equity Securities.

The Registrant did not sell any unregistered securities during the three months ended March 31, 2012.

(b)                 Use of Proceeds.

The Registrant did not sell any unregistered securities during the three months ended March 31, 2012.

Item 3.  Defaults Upon Senior Securities.

None.

Item 4.  Mine Safety Disclosures.

Not applicable.

Item 5.  Other Information.

Not applicable.

29

Item 6.  Exhibits.

(a)    Exhibits.

Exhibit No.	Document Description
31.1	CERTIFICATION of CEO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002.
31.2	CERTIFICATION of CFO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002.
32.1 *	CERTIFICATION of CEO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEYACT OF 2002
32.2 *	CERTIFICATION of CFO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEYACT OF 2002
Exhibit 101	Interactive data files formatted in XBRL (eXtensible Business Reporting Language): (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements of Cash Flows, and (iv) the Notes to the Consolidated Financial Statements.**
101.INS	XBRL Instance Document**
101.SCH	XBRL Taxonomy Extension Schema Document**
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document**
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document**
101.LAB	XBRL Taxonomy Extension Label Linkbase Document**
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document**

_________

*  This exhibit shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 of the Securities Exchange Act of 1934, whether made before or after the date hereof and irrespective of any general incorporation language in any filings.

** XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

30

SIGNATURES

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

MEGA WORLD FOOD HOLDING COMPANY, a Nevada corporation

Title	Name	Date	Signature
Principal Executive Officer	Xiaozhong Wu	May 21, 2012	/s/ Xiaozhong Wu

In accordance with the Exchange Act, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

SIGNATURE	NAME	TITLE	DATE
/s/ Ziaozhong Wu	Xiaozhong Wu	Principal Executive Officer and Director	May 21, 2012
/s/ Yaping He	Yaping He	Principal Financial Officer and Principal Accounting Officer	May 21, 2012

31

EXHIBIT INDEX

Exhibit No.	Document Description
31.1	CERTIFICATION of CEO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002.
31.2	CERTIFICATION of CFO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002.
32.1 *	CERTIFICATION of CEO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEYACT OF 2002
32.2 *	CERTIFICATION of CFO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEYACT OF 2002
Exhibit 101	Interactive data files formatted in XBRL (eXtensible Business Reporting Language): (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements of Cash Flows, and (iv) the Notes to the Consolidated Financial Statements.**
101.INS	XBRL Instance Document**
101.SCH	XBRL Taxonomy Extension Schema Document**
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document**
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document**
101.LAB	XBRL Taxonomy Extension Label Linkbase Document**
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document**

_________

*  This exhibit shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 of the Securities Exchange Act of 1934, whether made before or after the date hereof and irrespective of any general incorporation language in any filings.

** XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

32

EX-31.1

EXHIBIT 31.1

CERTIFICATION

I, Xiaozhong Wu, certify that:

1. I have reviewed this report on Form 10-Q of Mega World Food Holding Company;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent function):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

	Mega World Food Holding Company
Dated:  May 21, 2012	By:	/s/ Xiaozhong Wu
		Xiaozhong Wu
		Chief Executive Officer

EX-31.2

EXHIBIT 31.2

CERTIFICATION

I, Yaping He, certify that:

1. I have reviewed this report on Form 10-Q of Mega World Food Holding Company;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent function):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Dated: May 21, 2012	By:	/s/ Yaping He
		Yaping He
		Chief Financial Officer

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Pursuant to 18 U.S.C. § 1350, as adopted pursuant to Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, the undersigned hereby certifies that the Quarterly Report on Form 10-Q for the period ended March 31, 2012 of Mega World Food Holding Company (the “Company”) fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 and that the information contained in such Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

	Mega World Food Holding Company
Dated: May 21, 2012	By:	/s/ Xiaozhong Wu
		Xiaozhong Wu
		Chief Executive Officer

 A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to Mega World Food Holding Company and will be retained by Mega World Food Holding Company and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Pursuant to 18 U.S.C. § 1350, as adopted pursuant to Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, the undersigned hereby certifies that the Quarterly Report on Form 10-Q for the period ended March 31, 2012 of Mega World Food Holding Company (the “Company”) fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 and that the information contained in such Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated:  May 21, 2012	By:	/s/ Yaping He
		Yaping He
		Chief Financial Officer

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to Mega World Food Holding Company and will be retained by Mega World Food Holding Company and furnished to the Securities and Exchange Commission or its staff upon request.

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RELATED PARTY TRANSACTIONS

6 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Note C - RELATED PARTY TRANSACTIONS

Loans from Shareholders/Officers

Since the date of Company’s inception on June 24, 2010, the officers and directors Xiaozhong Wu have advanced the amount of $47,357 to the Company for incorporation and operation as of March 31, 2012. The outstanding balance is due on demand and no agreement was signed.

Cost of Goods Sold

These food products are manufactured in China by Lin’an Fengye Food Co., Ltd. (“Lin’an Fengye” or “Supplier”). It was established in 2006 specializing in the growing and processing of frozen vegetables, and is located Maoli Village, Longgang Town, Lin’an City, Zhejiang Province. On August, 1, 2010, Mega World Limited signed a ten year distribution agreement with Lin’an Fengye. Lin’an Fengye is a Chinese vegetable processing company owned 51% by Mr. Xiaozhong Wu, our chairman. Lin’an Fengye is currently the main supplier of the Company. Under the distribution agreement, we are not prohibited from distributing products produced and supplied by entities other than the Supplier.

The prices to be paid by for Products purchased pursuant to the Distribution Agreement shall be the same price as Supplier charges other non-affiliated third party distributors or other sales made on a wholesale basis as modified from time to time in Supplier’s discretion but only if the same modification is made for other non-affiliated third party distributors or wholesale purchasers.

Prepaid Deposit to Supplier

In March 2011, the Company prepaid $ 38,000 deposit to supplier, Lin’an Fengye Food Co., Ltd, for ensuring timely delivery for later purchases.

Therefore, as of March 31, 2012, the Company had $ 38,000 prepaid deposit to supplier.

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SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Note B - SIGNIFICANT ACCOUNTING POLICIES

Development Stage Company

The Company is considered to be in the development stage as defined in Statement of Financial Accounting Standards (SFAS) ASC 915, “Development Stage Entities”. The Company has devoted substantially all of its efforts to establishing a new business and for which either of the following conditions exists: planned principal operations have not commenced; or the planned principal operations have commenced, but there has been no significant revenue there from. Due to the Company’s primary efforts was on the formation of new company, and there were no sales activities incurred, accordingly, the Company is considered as development stage entity.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect certain amounts reported in the financial statements and disclosures. Accordingly, actual results could differ from those estimates.

Basis of accounting

The financial statements reflect the assets, revenues and expenditures of the Company on the accrued basis of accounting. The Company’s fiscal year end is the last day of September 30.

Principles of Consolidation

The consolidated financial statements of the Company include the accounts of Mega World Food Holding Company and Mega World Food Limited (HK). All significant intercompany balances and transactions have been eliminated in consolidation

Cash and Cash Equivalents

The Company considers all highly-liquid investments with an original maturity of three months or less when purchased to be cash equivalents. As of March 31, 2012, the company had cash and cash equivalents of $3,904.

Stock-Based Compensation

The Company accounts for stock issued for services using the fair value method. In accordance with FASB ASC 718, Stock-Based Compensation, the measurement date of shares issued for services is the date at which the counterparty’s performance is complete.

The Company incurred legal fee of $2,500 and consulting fee of $24,750 by issuing common stocks after the service completed.

Basics and Diluted Net Loss Per Common Share

The Company computes per share amounts in accordance with Statement of Financial Accounting Standards (SFAS) ASC 260, Earnings per Share (EPS). ASC 260 requires presentation of basis and diluted EPS. Basic EPS is computed by dividing the income (loss) available to Common Shareholders by the weighted-average number of common shares outstanding for the period. Diluted EPS is based on the weighted-average number of shares of common stock and common stock equivalents outstanding during the periods.

As of March 31, 2012, the Company only issued one type of shares, i.e., common shares only. There are no other types securities were issued. Accordingly, the diluted and basics net loss per common share are the same.

Property, Plant, and Equipment Depreciation

Property, plant, and equipment are stated at cost. Depreciation is being provided principally by straight line methods over the estimated useful lives of the assets. As of March 31, 2012, there were no fixed assets in the Company’s balance sheets.

Operating Expense

For the six months ended March 31, 2012 and 2011, there was a total of $37,521 and $ 6,666 operating expenses respectively.

For the fiscal quarter ended March 31, 2012 and 2011, there was a total of $28,542 and $ 2,657 operating expenses respectively. Detail was showed in Exhibit A.

Operating Leases

The Company entered into a lease for its corporate offices in under terms of non-cancelable operating leases in Hong Kong. The lease term is from August 01, 2011 through July 31, 2012 and requires a HKD 6,500 monthly lease payment, and this office is located at Wing Hing Industrial Building, 14 Hing Yip Street, Kwun Tong, Kowloon, Hong Kong.

Comprehensive Income

The company’s comprehensive income is comprised of net income, unrealized gains and losses on marketable securities classified foreign currency translation adjustments, and unrealized gains and losses on derivative financial instruments related to foreign currency hedging.

Recent Accounting Pronouncements

The following pronouncements have become effective during the period covered by these financial statements or will become effective after the end of the period covered by these financial statements:

Pronouncement	Issued	Title
ASC 605	October 2009	Revenue Recognition (Topic 605): Multiple-Deliverable Revenue Arrangements – a consensus of the FASB Emerging Issues Task Force
ASC 860	December 2009	Transfers and Servicing (Topic 860): Accounting for Transfers of Financial Assets
ASC 505	January 2010	Accounting for Distributions to Shareholders with Components of Stock and Cash – a consensus of the FASB Emerging Issues Task Force
ASC 810	January 2010	Consolidation (Topic 810): Accounting and Reporting for Decreases in Ownership of a Subsidiary – a Scope Clarification
ASC 718	January 2010	Compensation – Stock Compensation (Topic 718): Escrowed Share Arrangements and the Presumption of Compensation
ASC 820	January 2010	Fair Value Measurements and Disclosures (Topic 820): Improving Disclosures about Fair Value Measurements
ASC 810	February 2010	Consolidation (Topic 810): Amendments for Certain Investment Funds
ASC 815	March 2010	Derivatives and Hedging (Topic 815): Scope Exception Related to Embedded Credit Derivatives
ASC-310 Receivables	July 2010	For public entities, the disclosure as of the end of a reporting period are effective for interim and annual reporting periods ending on or after December 15, 2010. The disclosures about activity that occurs during a reporting period are effective for interim and annual reporting periods beginning on or after December 15, 2010. For nonpublic entities, the disclosures are effective for annual reporting period ending on or after December 15, 2011.

Management does not anticipate that the adoption of these standards will have a material impact on the financial statements.

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CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2012	Sep. 30, 2011
Current assets:
Cash and cash equivalents	$ 3,904	$ 3,956
Prepaid rent deposit, net	3,345	8,362
Prepaid deposit to supplier	38,000	38,000
Total Current Assets	45,249	50,318
TOTAL ASSETS	45,249	50,318
Current liabilities:
Account payable	26,000
Total Current Liabilities	26,000
Other current liabilities:
Loan from shareholders	47,357	29,655
Total Other Current Liabilities	47,357	29,655
Total Liabilities	73,357	29,655
Stockholders' Equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.001 par value; 100,000,000 shares authorized; 25,000,000 shares issued and outstanding at December 31, 2011.	25,000	25,000
Paid-in capital	73,125	73,125
Deficit accumulated during the development stage	(126,273)	(77,502)
Accumulated other comprehensive income (loss)	40	40
Total stockholders' equity	(28,108)	9,413
TOTAL LIABILITIES & EQUITY	$ 45,249	$ 50,318

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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)	3 Months Ended		6 Months Ended		21 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2012
Operating Activities:
Net loss	$ (28,542)	$ 543	$ (37,521)	$ (3,466)	$ (126,273)
Adjustments to reconcile net income to net cash provided by operating activities:
Non-cash portion of share based legal fee expense					2,500
Non-cash portion of share based consulting expense					24,750
Prepaid rent deposit	2,508	2,509	5,017	5,018	(3,344)
Prepaid deposit to supplier		(38,000)		(38,000)	(38,000)
Account Payable	13,500		19,750		26,000
Loan from shareholders	12,482		12,702	1,500	47,356
Net cash provided by operating activities	(52)	(34,948)	(52)	(34,948)	(67,011)
Investing Activities:
Net cash provided by investing activities
Financing Activities:
Proceeds from issuance of common stock					70,875
Net cash provided by financing activities					70,875
Net increase (decrease) in cash and cash equivalents	(52)	(34,948)	(52)	(34,948)	3,904
Cash and cash equivalents at beginning of the period	3,956	50,750	3,956	50,750
Cash and cash equivalents at end of period	$ 3,904	$ 15,802	$ 3,904	$ 15,802	$ 3,904

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BUSINESS DESCRIPTION

6 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Note A - BUSINESS DESCRIPTION

Organization

Mega World Food Holding Company (the Company) is a Nevada corporation formed on September 14, 2010. At September 14, 2010, the Company acquired 100% ownership of Mega World Food Limited (HK), a Hong Kong China corporation formed in June 24, 2010, owned 100% by founder, chairman and director, Mr. Xiaozhong Wu. At September 14, 2010, the Company issued 14,972,120 common shares at par value of $0.001 to founder, chairman and director, Mr. Xiaozhong Wu, to acquire 100% ownership of Mega World Food Limited (HK). Mega World Food Limited (HK) is wholly-owned subsidiary of the Company. The purpose of this transaction was solely to form a U.S. holding company for the business, and this transaction is considered as a combination between entities under common control under the guidance of FASB ASC 805-50-25-2 and 805-50-45.

The principal executive office is located at ROOM C1D, 6/F, WING HING INDUSTRIAL BUILDING, 14 HING YIP STREET, KWUN TONG, KOWLOON, HONG KONG. The U.S. address is 1995 Baring Blvd., Sparks, NV 89434.

Business

Through wholly-owned subsidiary Mega World Food Limited (HK), referred to as Mega World HK, the Company’s business is the sale of frozen vegetables in all areas of the world except China.

The Company will sell the following types of frozen vegetables: frozen bamboo shoots, frozen mulberry, frozen white cauliflower, frozen lotus root, frozen green soy bean, frozen broccoli, frozen rape flower, frozen snow bean and frozen sward bean .

These food products are produced in China by Lin’an Fengye Food Co., Ltd. (“Lin’an Fengye” or “Supplier”). It was established in 2006 specializing in the growing and processing of frozen vegetables, and is located Maoli Village, Longgang Town, Lin’an City, Zhejiang Province. On August, 1, 2010, Mega World Limited signed a ten year distribution agreement with Lin’an Fengye. Lin’an Fengye is a Chinese vegetable processing company owned 51% by Mr. Xiaozhong Wu, our chairman. Lin’an Fengye is currently the primary supplier of the products we sell. Under the distribution agreement, we are not prohibited from distributing products produced and supplied by entities other than the Supplier.

The prices to be paid by for Products purchased pursuant to the Distribution Agreement shall be the same price as Supplier charges other non-affiliated third party distributors or other sales made on a wholesale basis as modified from time to time in Supplier’s discretion but only if the same modification is made for other non-affiliated third party distributors or wholesale purchasers. Supplier has further agreed that it will not require us to purchase a quantity of products in excess of that which we can reasonably afford or reasonably expect to sell in within two to three months of our purchase of the Products.

Going Concern and Plan of Operation

The Company's financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company is in the development stage and has not earned any revenues from operations to date. These conditions raise substantial doubt about its ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

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CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2012	Sep. 30, 2011
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	25,000,000	25,000,000
Common stock, shares outstanding	25,000,000	25,000,000

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Document and Entity Information	6 Months Ended
	Mar. 31, 2012
Document And Entity Information
Entity Registrant Name	MEGA WORLD FOOD HOLDING COMPANY
Entity Central Index Key	0001503161
Document Type	10-Q
Document Period End Date	Mar. 31, 2012
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	25,000,000
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2012

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CONSOLIDATED STATEMENT OF LOSS (USD $)	3 Months Ended		6 Months Ended		21 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2012
Income Statement [Abstract]
Revenues:		$ 20,000		$ 20,000	$ 20,000
Cost of Goods Sold		16,800		16,800	16,800
Gross Profit		3,200		3,200	3,200
Operating expenses:
General and administrative expenses	28,542	2,657	37,521	6,666	129,473
Total Operating Expenses	28,542	2,657	37,521	6,666	129,473
Operating Loss	(28,542)	543	(37,521)	(3,466)	(126,273)
Interest income, net			0		0
Other Income, net
Interest Expense, net
Loss before taxes	(28,542)	543	(37,521)	(3,466)	(126,273)
Loss tax expense
Net Loss	(28,542)	543	(37,521)	(3,466)	(126,273)
Net Loss per common share-Basic
Net Loss per common share-Diluted
Other comprehensive loss, net of tax:
Foreign currency translation adjustments					40
Other comprehensive income (loss)					40
Comprehensive Income (Loss)	$ (28,542)	$ 543	$ (37,521)	$ (3,466)	$ (126,233)

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GOING CONCERN

6 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Note F - GOING CONCERN

The Company is currently in the development stage and their activities consist solely of corporate formation, raising capital, and attempting to sell products to generate revenues.

There is no guarantee that the Company will be able to raise enough capital or generate revenues to sustain its operations and carry out its business plan. These conditions raise substantial doubt about the Company’s ability to continue as a going concern The financial statements do not include any adjustments relating to the carrying amounts of recorded assets or the carrying amounts and classification of recorded liabilities that may be required should the Company be unable to continue as a going concern.

The Company’s lack of operating history and financial resources raise substantial doubt about its ability to continue as a going concern. The financial statements do not include adjustments that might result from the outcome of this uncertainty and if the Company is unable to generate significant revenue or secure financing, then the Company may be required to cease or curtail its operations.

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ACQUISITION OF MEGA WORLD FOOD LIMITED (HK) (CONTINUED)

6 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Note E - ACQUISITION OF MEGA WORLD FOOD LIMITED (HK) (CONTINUED)

On September 14, 2010, the Mega World Food Holding Company (the Company) acquired the 100% ownership of a Hong Kong company, Mega World Food Limited (HK) owned by Mr. Xiaozhong Wu. Mega World Food Limited (HK) was incorporated on June 24, 2010, and incurred setting up, formation or organization activities since June 24, 2010. Mega World Food Limited (HK) is wholly-owned subsidiary of the Company. The purpose of this transaction was solely to form a U.S. holding company for the business, and this transaction is considered as a combination between entities under common control under the guidance of FASB ASC 805-50-25-2 and 805-50-45.

Under the guidance of FASB ASC 805-50-25-2 and 805-50-45, the accounting of the two entities combination was recorded as combined two entities’ book value, or pooling of interest accounting.

The Company incurred registration fee, travel expense, and rent expense for setting up Mega World Food Limited in Hong Kong from June 24, 2010 to September 14, 2010. The total expense incurred in Hong Kong prior September 14, 2010, the inception date of Mega World Food Holding Company incorporated in the State of Nevada, was fully expensed and listed as follows:

Mega World Food Limited (HK) Expense Prior 9/14/201
Bank Service Charges	61.75
Registration Fee	2,947.05
Rent Expense	1,226.44
Travel Expense	1,218.69
Total Expense Prior 9/14/2010	5,453.93

The following table summarizes the amounts recognized for assets and liabilities assumed as of the acquisition date, September 14, 2010.

As of September 14, 2010:

HSBC Bank Balance	$	710.15
Prepaid Rent Deposit	$	8,808.04
Loan from Mr. Xiaozhong Wu	$	14,972.12

At September 14, 2010, total consideration of $14,972.12 (common shares of 14,972,120 at $0.001) was transferred to Mr. Xiaozhong Wu.

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INCOME TAXES

6 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Note G - INCOME TAXES

The Company has incurred net losses since inception. The Company has not reflected any benefit of such net operating loss carry forward in the accompanying financial statements. The net operating loss can be carried forward for 15 years.

The income tax benefit differed from the amount computed by applying the estimated US federal income tax rate of 15% to net loss as a result of the following:

	2010
Computed expected tax benefit		(15.00	) %
State income tax, net of federal benefit		(7.30	)
Valuation allowance		22.30
Income tax benefit		-	%

The tax effect of temporary differences that give rise to significant portions of the deferred tax assets as of December 31, 2010 is presented below:

Deferred Tax Assets:

	2010
Registration Fee for start-up costs	$	2,947
Valuation allowance		(2,947	)
Net deferred tax assets	$	-

In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during periods in which those temporary differences become deductible.

Based upon the lack of historical taxable income and uncertain projections of future taxable income over the periods in which the deferred tax assets are deductible, management believes that it is more likely than not that the Company will not realize the benefits of these deductible differences. Accordingly, the Company has provided a valuation allowance against the net deferred tax assets aggregating $2,947 as of December 31, 2010.

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CONSOLIDATED STATEMENT OF STOCKHOLDERS EQUITY (Unaudited) (USD $)	Common Stock	Additional Paid-In Capital	Deficit Accumulated During the Development Stage	Accumulated Other Comprehensive Income (Loss)	Total
Beginning balance, Amount at Jun. 23, 2010
Issued common stocks to founder at $0.001 per share for organization expenses on 9/14/2010, amount	$ 20,875				$ 20,875
Issued common stocks to founder at $0.001 per share for organization expenses on 9/14/2010, shares	20,875,000
Issued common stocks to Williams @$0.01 per share for services rendered on 9/20/2010, amount	250	2,250			2,500
Issued common stocks to Williams @$0.01 per share for services rendered on 9/20/2010, shares	250,000
Issued common stocks to Jian Di @$0.01 per share for services rendered on 9/20/2010, amount	2,475	22,275			24,750
Issued common stocks to Jian Di @$0.01 per share for services rendered on 9/20/2010, shares	2,475,000
Issued common stocks to Yuan Su and Guoyong Xu @$0.01 per share for cash on 9/20/2010, amount	1,000	9,000			10,000
Issued common stocks to Yuan Su and Guoyong Xu @$0.01 per share for cash on 9/20/2010, shares	1,000,000
Issued common stocks to 40 shareholders @$0.1 per share for cash on 9/30/2010, amount	400	39,600			40,000
Issued common stocks to 40 shareholders @$0.1 per share for cash on 9/30/2010, shares	400,000
Adjustment for currency rate exchange				40	40
Net loss			(39,053)		(39,053)
Ending balance, Amount at Sep. 30, 2010	25,000	73,125	(39,053)	40	59,112
Ending balance, Shares at Sep. 30, 2010	25,000,000
Adjustment for currency rate exchange
Net loss			(49,699)		(49,699)
Ending balance, Amount at Sep. 30, 2011	25,000	73,125	(88,752)	40	9,413
Ending balance, Shares at Sep. 30, 2011	25,000,000
Adjustment for currency rate exchange
Net loss			(37,521)		(37,521)
Ending balance, Amount at Mar. 31, 2012	$ 25,000	$ 73,125	$ (126,273)	$ 40	$ (28,108)
Ending balance, Shares at Mar. 31, 2012	25,000,000

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SHAREHOLDERS' EQUITY

6 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Note D - SHAREHOLDERS' EQUITY

Common Stock

Under the Company’s Articles of Incorporation of the Company, the Company is authorized to issue 100,000,000 shares of common stock with a par value of $0.001; and 10,000,000 shares of preferred stocks with par value of $0.001.

Mega World Food Holding Company (the Company) is a Nevada corporation formed on September 14, 2010. On September 14, 2010, the Company acquired 100% of ownership of Mega World Food Limited (HK), a Hong Kong China corporation formed in June 24, 2010, and owned 100% by founder, Mr. Xiaozhong Wu. At September 14, 2010, the Company issued 14,972,120 common shares at par value of $0.001 for the total amount of $14,972.12 to Mr. Xiaozhong Wu to exchange the ownership of the Mega World Food Limited (HK), for the same amount of value of Mega World Food Limited (HK). After the acquisition, Mega World Food Limited (HK) is wholly-owned subsidiary of the Company.

The Company issued shares as listed as follows:

	Common Stock
	Shares
Issued common stocks to founder at $0.001 per share
for organization expenses on 9/14/2010		14,972,120
Issued common stocks to founder at $0.001 per share
for consulting expenses paid by cash on 9/14/2010		5,902,880
Issued common stocks to Williams @$0.01 per share
for services rendered on 9/20/2010		250,000
Issued common stocks to Jian Di @$0.01 per share		2,475,000
for services rendered on 9/20/2010
Issued common stocks to Yuan Su and Guoyong Xu
@$0.01 per share for cash on 9/20/2010		1,000,000
Issued common stocks to 40 shareholders
@$0.1 per share for cash on 9/30/2010		400,000
Balance, December 31, 2010		25,000,000

On September 30, 2010, the Company issued 25,000,000 shares of its common stock to total 45 shareholders, including restricted shares issued to Founder, Xiaozhong Wu, consultant JianDi & Yuan Su; and non-affiliated other 42 shareholders, equal to the equity value of $59,112.

The restricted common shares were issued as follows:

	Total Shares		%
Xiaozhong Wu, Chairman & CEO		20,875,000.00		83.50	%
Jian Di*		2,475,000.00		9.90	%
Yuan Su*		500,000.00		2.00	%
Total		23,850,000.00		95.40	%

________

* Jian Di and Yuan Su are husband and wife.

The percentage calculation is based on the total outstanding 25,000, 000 shares

There were no any shares issued for the period from October 1 to March 31, 2012.

Therefore, as of March 31, 2012, there was total share of 25,000,000 outstanding.