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Post# of 7387
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eom7

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eom7

Re: Refill post# 891

Wednesday, 04/13/2011 4:16:15 PM

Wednesday, April 13, 2011 4:16:15 PM

Post# of 7387
During the nine months ended February 28, 2011, Silver Castle Investments Limited, incorporated in Hong Kong, has been set up. The acquisition of Hongyu is in process and the Company paid RMB 200,000 ($30,434) to the Hongyu shareholders as down payment on December 14, 2010, The Company has also deferred $24,735 of legal fees related to the acquisition of Hongyu which was also recorded as Advance on Investment at February 28, 2011
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