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DEPOSIT TO RELATED PARTY
6 Months Ended
Jun. 30, 2011
Chief Executive Officer
 
DEPOSIT TO RELATED PARTY
NOTE 3 –DEPOSIT TO RELATED PARTY
 
At December 31, 2010, the Company had a deposit of approximately $727,722 (RMB 4,811,555) that had been paid to the father of the Company’s chairman and CEO for the purchase of certain farming real estate.  During the first quarter in 2011, the proposed acquisition was terminated and the deposit was returned to the Company.
Father of the Company's CEO
 
DEPOSIT TO RELATED PARTY
NOTE 4 – RELATED PARTY TRANSACTIONS
 
At December 31, 2010, a balance of $81,668 of advances was due from the Company’s chairman and CEO.  The advances were made for Company business purposes and were repaid to the Company by March 10, 2011.  The amounts were unsecured, non-interest bearing, and due on demand. 
 
During the six months ended June 30, 2011, the Company’s chairman and CEO made advances of $168,006 to the Company which was outstanding at June 30, 2011.  The amounts are unsecured, non-interest bearing, and are payable on demand.