UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~WASHINGTON~~Washington, D.C. 20549

FORM 10-Q

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

For the ~~quarterly~~Quarterly ~~period~~Period ~~ended~~Ended ~~March~~September 3130, 2010

¨o TRANSITION REPORT ~~PURSUANT~~UNDER TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _________________ to _________________

Commission File Number: 333-153472

FAR EAST WIND POWER CORP.

(Exact name of registrant as specified in its charter)

Nevada		27-0999493
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification Number)
(State or other jurisdiction		(I.R.S. Employer
of incorporation or organization)		Identification No.)
Wangzuo Center, West Tower, Suite 1608, Guanghua Road, Chaoyang District Beijing, China 100020 (Address of principal executive offices) (Zip Code)
86 18621363580 (Registrant’s telephone number, including area code)

~~11811 North Tatum Blvd.~~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), ~~Suite~~and ~~3031~~(2) has been subject to such filing requirements for the past 90 days.

~~Phoenix,~~Yes x No ~~Arizona 85028~~o

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

~~(602) 953~~Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-~~7757~~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 (~~Registrant’s telephone~~Do ~~number,~~not ~~including~~check ~~area~~if ~~code~~a smaller reporting company) o Smaller reporting company x

Indicate by check mark whether the registrant ~~(1)~~is ~~has~~a ~~filed~~shell ~~all~~company ~~reports required to be filed by Sections 13 or 15~~(d)as ofdefined ~~the~~in ~~Securities~~Rule ~~Exchange~~12b-2 ~~Act~~ of ~~1934 during~~ the ~~preceding~~ ~~12 months (or for such shorter period that the registrant was required to file such reports~~Act)~~, and (2) has been subject to such filing requirements for the past 90 days~~. ~~Yes x No ¨~~

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 ¨ x

~~Indicate by~~As ~~check~~of ~~mark~~November ~~whether~~22, 2010, the registrant ishad ~~a large accelerated filer~~43, ~~an accelerated filer~~650,000 ashares ~~non-accelerated filer, or a smaller reporting company. See definitions~~ of ~~“larger~~its ~~accelerated~~common ~~filer,”~~stock ~~“accelerated filer”~~issued and ~~“smaller reporting company” in Rule 12b-2 of the Exchange Act~~outstanding. ~~(Check one):~~

~~Large accelerated filer ¨ Accelerated filer ¨ Non-accelerated filer ¨ Smaller reporting company x~~1

~~(Do~~ TABLE ~~not check~~OF ~~if a smaller reporting company)~~CONTENTS

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

		PAGE
	PART I
ITEM 1.	Condensed Consolidated Financial Statements
	Condensed Consolidated Balance Sheets as of September 30, 2010 (Unaudited) and June 30, 2010	F-1
	Unaudited Condensed Consolidated Statements of Operations for the Three Months Ended September 30, 2010 and 2009	F-2
	Unaudited Condensed Consolidated Statements of Cash Flows for the Three Months Ended September 30, 2010 and 2009	F-3
	Notes to the Condensed Consolidated Financial Statements	F-4
ITEM 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	3
ITEM 4.	Controls and Procedures	7

	PART II
ITEM 1.	Legal Proceedings	8
ITEM 1A.	Risk Factors	8
ITEM 2.	Unregistered Sales of Equity Securities and Use of Proceeds	8
ITEM 3.	Defaults Upon Senior Securities	8
ITEM 5.	Other Information	8
ITEM 6	Exhibits	8

	SIGNATURES	9

The number of shares outstanding of the registrant’s common stock at May 20, 2010 was 40,120,000.

INDEX

		Page
		Number
	PART I - FINANCIAL INFORMATION
ITEM 1.	FINANCIAL STATEMENTS	2
	Balance Sheets as at March 31, 2010 (unaudited) and June 30, 2009 (audited)	3
	Statements of Operations for the three and nine months ended March 31, 2010 and 2009 and for the period June 2, 2008 (Date of Inception) to March 31, 2010 (unaudited)	4
	Statements of Stockholders’ Deficiency for the period June 2, 2008 (Date of Inception) to March 31, 2010 (unaudited)	5
	Statements of Cash Flows for the three and nine months ended March 31, 2010 and 2009 and for the period June 2, 2008 (Date of Inception) to March 31, 2010 (unaudited)	6
	Notes to the Financial Statements	7
ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	14
ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS	17
ITEM 4.	CONTROLS AND PROCEDURES	17
	PART II - OTHER INFORMATION
ITEM 1.	LEGAL PROCEEDINGS	17
ITEM 1A.	RISK FACTORS	17
ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	17
ITEM 3.	DEFAULTS UPON SENIOR SECURITIES	18
ITEM 4.	REMOVED AND RESERVED	18
ITEM 5.	OTHER INFORMATION	18
ITEM 6.	EXHIBITS	18
SIGNATURES

FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Reference is made in particular to the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, and other forward-looking statements included in this report. Such statements may be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “believe,” “estimate,” “anticipate,” “intend,” “continue,” or similar terms, variations of such terms or the negative of such terms. Such statements are based on management’s current expectations and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. Such statements address future events and conditions concerning, among others, capital expenditures, earnings, litigation, regulatory matters, liquidity and capital resources and accounting matters. Actual results in each case could differ materially from those anticipated in such statements by reason of factors such as future economic conditions, changes in consumer demand, legislative, regulatory and competitive developments in markets in which we operate, results of litigation and other circumstances affecting anticipated revenues and costs, and the risk factors set forth below under the heading “Risk Factors” and set forth in our Annual report on Form 10-K for the fiscal year ended June 30, 2009, filed on October 13, 2009 as amended by Form 10-K/A, filed on February 5, 2010.

As used in this Form 10-Q, “we,” “us” and “our” refer to Far East Wind Power Corp., which is also sometimes referred to as the “Company.”

YOU SHOULD NOT PLACE UNDUE RELIANCE ON THESE FORWARD LOOKING

STATEMENTS

The forward-looking statements made in this Quarterly Report on Form 10-Q relate only to events or information as of the date on which the statements are made in this Quarterly Report on Form 10-Q. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. You should read this report and the documents that we reference in this report, including documents referenced by incorporation, completely and with the understanding that our actual future results may be materially different from what we expect or hope.

The discussion and financial statements contained herein are for the period ended March 31, 2010. The following discussion regarding our financial statements should be read in conjunction with our financial statements and notes thereto included herewith.

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

The accompanying balance sheets of Far East Wind Power Corp. at March 31, 2010 (with comparative figures as at June 30, 2009) and the statements of operations for each of the three and nine months ended March 31, 2010 and 2009 and for the period from June 2, 2008 (date of inception) to March 31, 2010, the statements of stockholders’ deficiency for the period from June 2, 2008 (date of inception) to March 31, 2010, and the statements of cash flows for the nine months ended March 31, 2010 and 2009 and for the period from June 2, 2008 (date of inception) to March 31, 2010 have been prepared by the Company’s management in conformity with accounting principles generally accepted in the United States of America. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature.

Operating results for the quarter ended March 31, 2010 are not necessarily indicative of the results that can be expected for the year ending June 30, 2010.

Far East Wind Power Corp.

Far East Wind Power Corp.
(A Development Stage Company)
Balance Sheets

	September 30,			June 30,
	2010			2010

ASSETS

Current Assets
Cash	$	85,000		$	-
Prepaid Expenses		6,795			8,142
Deposit Made in Connection with TianHe Wind Farm Letter of Intent, Net of Allowance for Doubtful Recoverability		-			-
Total Current Assets and Total Assets	$	91,795		$	8,142

LIABILITIES AND STOCKHOLDERS' DEFICIENCY

Current Liabilities
Accounts Payable and Accrued Expenses	$	272,589		$	91,892
Debt, including Accrued Interest of $18,082 and $8,781 at September 30, 2010 and June 30, 2010		526,540			417,239
Total Current Liabilities and Total Liabilities		799,129			509,131

Stockholders' Deficiency
Preferred Stock, $0.00001 Par Value; 100,000,000 Shares Authorized, None Issued and Outstanding
Common Stock, $0.00001 Par Value; 100,000,000 Shares Authorized, Issued and Outstanding 43,650,000 and 42,275,000 Shares at September 30, 2010 and June 30, 2010		436			423
Additional Paid-in Capital		1,562,614			899,377
Deferred Stock Based Compensation		(1,157,304	)		(806,763	)
Deficit Accumulated During the Development Stage		(1,113,080	)		(594,026	)
Total Stockholders' Deficiency		(707,334	)		(500,989	)
Total Liabilities and Stockholders' Deficiency	$	91,795		$	8,142


The accompanying notes to the financial statements are an integral part of these financial statements

~~(Formerly Celestial~~F ~~Delights~~- ~~USA Corp.)~~1

(A Development Stage Company)

Far East Wind Power Corp.
(A Development Stage Company)
Statements of Operations

	Three Months Ended September 30, 2010			Three Months Ended September 30, 2009			Period From June 2, 2008 (Inception) to September 30, 2010

Revenues	$	-		$	-		$	-
Total Revenues		-			-			-

Operating Expenses
Provision for Doubtful Recoverability of Deposit Made in Connection with TianHe Wind Farm Letter of Intent		-			-			200,000
Executive Compensation		220,258			-			238,730
Professional Fees		65,932			-			246,598
General and Administrative		223,563			11,874			401,670
Total Operating Expenses		509,753			11,874			1,086,998
Loss From Operations		(509,753	)		(11,874	)		(1,086,998	)
Interest Expense		(9,301	)		-			(18,082	)
Loss From Continuing Operations		(519,054	)		(11,874	)		(1,105,080	)
Loss From Discontinued Operations		-			(1,000	)		(8,000	)
Net Loss	$	(519,054	)	$	(12,874	)	$	(1,113,080	)

Net Loss Per Share - Basic and Diluted
Continuing Operations	$	(0.01	)	$	(0.00	)
Discontinued Operations		-			(0.00	)
Total	$	(0.01	)	$	(0.00	)

Number of Common Shares Used to Compute Net Loss Per Share
Basic and Diluted		42,630,163			89,120,000

The accompanying notes to the financial statements are an integral part of these financial statements

~~Balance Sheets~~F - 2

	March 31,			June 30,
Far East Wind Power Corp.
	2010			2009
(A Development Stage Company)
	(Unaudited)
Statements of Cash Flows
ASSETS
	Three Months Ended September 30, 2010			Three Months Ended September 30, 2009			Period From June 2, 2008 (Inception) to September 30, 2010
Current Assets
Cash Flows From Operating Activities
Cash	$	-		$	290
Net Loss	$	(519,054	)	$	(12,874	)	$	(1,113,080	)
Prepaid expenses		9,640			150
Adjustments to Reconcile Net Loss to Net Cash
Deferred license fee (Note 4)		-			4,000
Used in Operating Activities:
Total Current Assets and Total Assets	$	9,640		$	4,440
Provision for Doubtful Recoverability of Deposit Made
LIABILITIES AND STOCKHOLDERS' DEFICIENCY
in Connection with TianHe Wind Farm Letter of Intent		-			-			200,000
Current Liabilities
Expenses Paid by Third Parties in Exchange for Debt		-			-			208,458
Accounts payable and accrued liabilities	$	14,810		$	9,019
Unpaid Accrued Interest on Debt		9,301			-			18,082
Due to related party (Note 6)		-			4,488
Amortization of Deferred Stock Based Compensation		312,709			-			354,146
Promissory notes and accrued interest(Note 5)		139,038			-
Donated Expenses		-			600			3,200
Total Current Liabilities and Total Liabilities		153,848			13,507
Changes in Operating Assets and Liabilities:
Stockholders' Deficiency
Accounts Payable and Accrued Expenses		180,697			10,835			268,101
Preferred stock, $0.00001 par value; authorized 100,000,000 shares, none issued		-			-
Prepaid Expenses		1,347			-			(6,795	)
Common stock, $0.00001 par value; authorized 100,000,000 shares, issued and outstanding 40,120,000 and 89,120,000 shares, respectively		401			891
Net Cash Used in Operating Activities		(15,000	)		(1,439	)		(67,888	)
Additional paid-in capital		51,199			50,109
Cash Flows From Financing Activities
Deficit accumulated during the development stage		(195,808	)		(60,067	)
Proceeds From Related Party		-			149			4,488
Total Stockholders' Deficiency		(144,208	)		(9,067	)
Proceeds From Debt Offering		100,000			-			100,000
Total Liabilities and Stockholders' Deficiency	$	9,640		$	4,440
Proceeds From Sales of Common Stock		-			-			48,400
Net Cash Provided by Financing Activities		100,000			149			152,888
Cash Flows From Discontinued Operations
Payment for License Fee		-			-			(8,000	)
Amortization of License Fee		-			1,000			8,000
Net Cash Provided by Discontinued Operations		-			1,000			-
Increase (Decrease) in Cash		85,000			(290	)		85,000
Cash, Beginning of Period		-			290			-
Cash, End of Period	$	85,000		$	0		$	85,000
Supplemental Disclosures of Cash Flow Information:
Interest Paid	$	-		$	-		$	-
Income Taxes Paid	$	-		$	-		$	-
Non-Cash Investing and Financing Activity:
Deposit Made in Connection with TianHe Wind Farm Letter of Intent in Exchange for Promissory Note	$	-		$	-		$	200,000
The accompanying notes to the financial statements are an integral part of these financial statements

~~See notes~~F to- ~~financial statements.~~3

3FAR EAST WIND POWER CORP.

~~Far East~~(A ~~Wind~~DEVELOPMENT ~~Power~~STAGE ~~Corp.~~COMPANY)

~~(Formerly Celestial~~NOTES ~~Delights~~TO ~~USA~~THE ~~Corp.)~~FINANCIAL STATEMENTS

~~(A Development~~NOTE ~~Stage~~1 ~~Company)~~- BUSINESS DESCRIPTION AND ORGANIZATION

~~Statements~~ Far East Wind Power Corp. (“Far East” or the “Company”) plans to engage in the development, construction and operation of ~~Operations~~utility-scale wind energy projects (“Wind Projects”), principally in the People’s Republic of China (“PRC”) (See Notes 4 and 7). The Company is intent on taking advantage of the numerous financial and operating incentives afforded to clean energy projects, namely Wind Projects, within the PRC. Far East is a corporation organized under the laws of the State of Nevada.

~~(Unaudited)~~On June 9, 2009, the Company effectuate an 8 for 1 forward stock split, thereby increasing the issued and outstanding shares of common stock from 11,140,000 shares to 89,120,000 shares. The financial statements have been retroactively adjusted to reflect this forward stock split.

													Period
													June 2, 2008
	Three months			Three months			Nine months			Nine months			(Inception) to
	ended			ended			ended			ended			March 31,
	March 31, 2010			March 31, 2009			March 31, 2010			March 31, 2009			2010
Revenue	$	-		$	-		$	-		$	-		$	-
Total Revenue		-			-			-			-			-
Cost and expenses
License fees		2,000			1,000			4,000			3,000			8,000
General and administrative		59,521			6,988			131,741			33,975			187,808
Total Costs and Expenses		61,521			7,988			135,741			36,975			195,808
Net Loss	$	(61,521	)	$	(7,988	)	$	(135,741	)	$	(36,975	)	$	(195,808	)
Net Loss per share
Basic and diluted	$	(0.00	)	$	(0.00	)		(0.00	)	$	(0.00	)
Number of common shares used to compute net loss per share
Basic and Diluted		65,996,000			89,120,000			81,609,000			89,120,000

NOTE 2 –LIQUIDITY AND GOING CONCERN

~~See notes~~The Company began operations in June 2008. Operations related to ~~financial~~Wind ~~statements~~Projects began in November 2009 and substantial losses were generated through September 30, 2010. These losses are primarily related to the costs incurred to develop a workable legal and business structure within the PRC, develop contacts related to the business within and outside of the PRC, and for business development efforts related to potential projects within the PRC. Additionally, the Company’s project with Wuhan Guoce Nordic New Energy Co., Ltd. (“Wuhan Guoce”) has not proceeded after the initial terms were set on March 22, 2010 and Far East can not be certain the Wind Project with Wuhan Guoce will ever commence and if revenue will ever be earned by the Company from a transaction with Wuhan Guoce. The principal impediment to the project going forward centered on the Company’s inability to line up the $20,000,000 of financing called for by a Letter of Intent executed between Wuhan Guoce and the Company within the specified time period. As a result, the Company has provided for a full potential loss on its deposit with Wuhan Guoce of $200,000, which was paid on behalf of the Company via bridge financing in April 2010 by Quarry Bay Capital LLC (see Note 4).

4The Company has been financed thus far by its former sole executive officer as well as investment oriented entities with whom the Company’s officers and directors have previously conducted business with. Future financing from these entities are not guaranteed and the Company’s management is not expecting these creditors to continue to provide financing to Far East. These entities as creditors have the right to request payment of the outstanding promissory notes owed to them. Should the Company fail to have adequate capital to repay these promissory notes, the creditors could seek legal remedies against the Company, which could force the Company to curtail operations and possibly discontinue operations entirely. The Company’s management is conducting weekly, if not daily, discussions with these creditors and is hopeful of a positive outcome from these discussions.

~~Far East~~These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. As of September 30, 2010, the Company had negative working capital and a stockholders’ deficiency of $707,334. Further, the Company has not generated any revenues and incurred $1,113,080 in net losses since inception. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. The Company plans to improve its financial condition by obtaining debt or equity financing. If the Company is successful in obtaining debt or equity financing, the Company’s management is intent on investing in Wind ~~Power~~Projects ~~Corp~~and is anticipating each of the Company’s potential Wind Projects will result in significant operating cash flows, in excess of net profits, as reportable under accounting principles generally accepted in the United States of America (“GAAP”). Cash flows are expected to be in excess of net profits as reported under GAAP as a result of the significant depreciation associated with Wind Projects. However, there is no assurance that the Company will be successful in accomplishing its objectives. 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.

~~(Formerly Celestial~~F ~~Delights~~- ~~USA Corp.)~~4

~~(A Development~~NOTE ~~Stage~~3–INTERIM ~~Company)~~FINANCIAL STATEMENTS

~~Statements~~ The unaudited financial statements as of ~~Stockholders'~~September ~~Deficiency~~30, 2010 and for the three months ended September 30, 2010 have been prepared in accordance with GAAP for interim financial information and with instructions to Form 10-Q. In the opinion of management, the unaudited financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position as of September 30, 2010 and the results of operations and cash flows for the three months ended September 30, 2010 and 2009, and the period June 2, 2008 (inception) to September 30, 2010.

~~For~~ The financial data and other information disclosed in these notes to the ~~period~~interim ~~June~~financial 2statements related to these periods are unaudited. The results for the three months ended September 30, ~~2008~~2010 ~~(Inception)~~is not necessarily indicative of the results to ~~March~~be 31expected for any subsequent quarter of the entire year ending June 30, 2011. The balance sheet at June 30, 2010 has been derived from the audited financial statements at that date.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the Securities and Exchange Commission’s rules and regulations. These unaudited financial statements should be read in conjunction with our audited financial statements and notes thereto for the year ended June 30, 2010 as included in our report on Form 10-K (~~Unaudited~~which was filed with the SEC on October 18, 2010).

									Deficit
									Accumulated			Total
	Common Stock, $0.00001 Par								During the			Stockholders'
	Value						Additional Paid-in		Development			Equity
	Shares			Amount			Capital		Stage			(Deficiency)
Sales of Common stock;
- June 2, 2008 at $0.000125		56,000,000		$	560		$	6,440	$	-		$	7,000
- June 30, 2008 at $0.00125		33,120,000			331			41,069		-			41,400
Donated expenses		-			-			200		-			200
Net loss for the period June 2, 2008 (inception) to June 30, 2008		-			-			-		(16,296	)		(16,296	)
Balance, June 30, 2008		89,120,000			891			47,709		(16,296	)		32,304
Donated expenses		-			-			2,400		-			2,400
Net loss for the year ended June 30, 2009		-			-			-		(43,771	)		(43,771	)
Balance, June 30, 2009		89,120,000			891			50,109		(60,067	)		(9,067	)
Unaudited:
Shares returned and cancelled		(49,000,000	)		(490	)		490		-			-
Donated expenses		-			-			600		-			600
Net loss for the nine months ended March 31, 2010		-			-			-		(135,741	)		(135,741	)
Balance, March 31, 2010		40,120,000		$	401		$	51,199	$	(195,808	)	$	(144,208	)

Recently Issued Accounting Standards

~~See notes~~In toOctober 2009, the Financial Accounting Standards Board (FASB) issued amended revenue recognition guidance for arrangements with multiple deliverables. The new guidance eliminates the residual method of revenue recognition and allows the use of management’s best estimate of selling price for individual elements of an arrangement when vendor specific objective evidence (VSOE), vendor objective evidence (VOE) or third-party evidence (TPE) is unavailable. For the company, this guidance is effective for all new or materially modified arrangements entered into on or after July 1, 2011 with earlier application permitted as of the beginning of a fiscal year. Full retrospective application of the new guidance is optional. The company is currently assessing its implementation of this new guidance, but does not expect a material impact on the consolidated financial statements.

F - 5

~~Far East~~In ~~Wind~~October ~~Power~~2009, ~~Corp~~the FASB issued guidance which amends the scope of existing software revenue recognition accounting. Tangible products containing software components and non-software components that function together to deliver the product’s essential functionality would be scoped out of the accounting guidance on software and accounted for based on other appropriate revenue recognition guidance. For the company, this guidance is effective for all new or materially modified arrangements entered into on or after July 1, 2011 with earlier application permitted as of the beginning of a fiscal year. Full retrospective application of the new guidance is optional. This guidance must be adopted in the same period that the company adopts the amended accounting for arrangements with multiple deliverables described in the preceding paragraph. The company is currently assessing its implementation of this new guidance, but does not expect a material impact on the consolidated financial statements.

~~(Formerly Celestial~~On ~~Delights~~October ~~USA~~1, ~~Corp~~2009, the company adopted the revised FASB guidance regarding business combinations which was required to be applied to business combinations on a prospective basis. The revised guidance requires that the acquisition method of accounting be applied to a broader set of business combinations, amends the definition of a business combination, provides a definition of a business, requires an acquirer to recognize an acquired business at its fair value at the acquisition date and requires the assets and liabilities assumed in a business combination to be measured and recognized at their fair values as of the acquisition date (with limited exceptions). There was no impact upon adoption and the effects of this guidance will depend on the nature and significance of business combinations occurring after the effective date.

In June 2009, the FASB issued amendments to the accounting rules for variable interest entities (~~A Development~~VIEs) ~~Stage~~and ~~Company~~for transfers of financial assets. The new guidance for VIEs eliminates the quantitative approach previously required for determining the primary beneficiary of a variable interest entity and requires ongoing qualitative reassessments of whether an enterprise is the primary beneficiary. In addition, qualifying special purpose entities (QSPEs) are no longer exempt from consolidation under the amended guidance. The amendments also limit the circumstances in which a financial asset, or a portion of a financial asset, should be derecognized when the transferor has not transferred the entire original financial asset to an entity that is not consolidated with the transferor in the financial statements being presented, and/or when the transferor has continuing involvement with the transferred financial asset. The company will adopt these amendments for interim and annual reporting periods beginning on July 1, 2010. The company does not expect the adoption of these amendments to have a material impact on the consolidated financial statements.

~~Statements of~~F ~~Cash~~- ~~Flows~~6

~~(Unaudited)~~NOTE 4 – DEPOSIT MADE IN CONNECTION WITH TIANHE WIND FARM LETTER OF INTENT

							Period June
							2, 2008 (Inception)
	Nine months ended			Nine months ended			to March 31,
	March 31, 2010			March 31, 2009			2010
Cash Flows from Operating Activities
Net loss	$	(135,741	)	$	(36,975	)	$	(195,808	)
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:
Amortization of deferred license fee		4,000			3,000			8,000
Donated expenses		600			1,800			3,200
Expenditures paid by third parties in exchange for promissory notes		137,053			-			137,053
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities		7,776			5,195			16,795
Prepaid expenses		(9,490	)		-			(9,640	)
Net cash provided by (used for) operating activities		4,198			(26,980	)		(40,400	)
Cash Flows from Investing Activities
License fee due in connection with Product License Agreement		-			(8,000	)		(8,000	)
Net cash used for investing activities		-			(8,000	)		(8,000	)
Cash Flows from Financing Activities
Proceeds from sales of common stock		-			-			48,400
Increase (decrease) in due to related party		(4,488	)		3,824			-
Net cash provided by (used for) financing activities		(4,488	)		3,824			48,400
Decrease in cash		(290	)		(31,156	)		-
Cash, beginning of period		290			32,553			-
Cash, end of period	$	-		$	1,397		$	-
Supplemental Disclosures of Cash Flow Information:
Interest paid	$	-		$	-
Income taxes paid	$	-		$	-

On March 22, 2010, the Company entered into a Letter of Intent (the “LOI”) with Wuhan Guoce, a People’s Republic of China company, where the Company was to acquire Wuhan Guoce’s rights to the wind farm project named “TianHe I project” in exchange for cash consideration totaling approximately $2,211,900 (15,000,000Renminbi). The LOI, which is to become effective upon the date the Company receives at least $20,000,000 in financing (the “Effective Date”), provided for payments by the Company of approximately $294,920 (RMB 2,000,000) within 4 business days, $442,380 (RMB 3,000,000) within 8 business days, and $1,474,600 (RMB 10,000,000) remaining balance on the Effective Date. On April 13, 2010 a payment of $200,000 was made on behalf of the Company to Wuhan Guoce as a first installment on the LOI. As of the filing date of this Form 10-K, the Effective Date has not occurred and the Company has not paid any additional installments to Wuhan Guoce. The Company plans to renegotiate and develop a revised LOI should the Company successfully raise capital in excess of $20,000,000, which can not be assured at this time.

~~See notes~~Marcus toLaun, ~~financial~~a ~~statements~~Director of the Company is also a Director of GC China Turbine Corp., a United States publicly traded entity which is an affiliated entity of Wuhan Guoce.

6The Company has recorded the payment to Wuhan Guoce as a current asset classified as “deposit made in connection with TianHe wind farm letter of intent.” However, the Company has no guarantee that the terms of the LOI will ever be met and in the event the LOI is terminated, the repayment of the $200,000 deposit is not guaranteed. As a result, the Company has recorded a full allowance to reserve for potential losses associated with the $200,000 deposit.

~~Far~~The ~~East Wind~~following ~~Power~~table ~~Corp.~~provides the details of the deposit on contract:

(Formerly Celestial Delights USA Corp.)

	As of
	September 30, 2010			June 30, 2010
Deposit Made in Connection with TianHe Wind Farm Letter of Intent	$	200,000		$	200,000
Allowance for Doubtful Recoverability		(200,000	)		(200,000	)
Deposit, Net	$	-		$	-

~~(A Development~~F ~~Stage~~- ~~Company)~~7

~~Notes~~NOTE ~~to Financial~~5 ~~Statements~~– ACCOUNTS PAYABLE AND ACCRUED EXPENSES

~~March~~The 31Company’s accounts payable and accrued expenses as of September 30, 2010 and June 30, 2010 consisted of the following:

(Unaudited)

	As of
	September 30, 2010		June 30, 2010
Professional Service Providers	$	124,957	$	67,899
Related parties
Other
LeemaNakhani, Former Officer		4,867		4,867
Other		142,765		19,126
Total	$	272,589	$	91,892

~~Note~~NOTE ~~1. Organization~~6–DEBT, ~~and Business~~INCLUDING ~~Operations~~ACCRUED INTEREST

~~Far~~Debt including ~~East Wind~~accrued ~~Power Corp. (the “Company”) was incorporated in the State of Nevada on June 2~~interest, ~~2008.~~consisted ~~The Company’s principal business was to market and distribute a unique line~~ of gourmet flavored oils, vinegars, mustards, rubs, antipastos, and sugars for sale to specialty retail stores and gift basket markets. On January 6, 2010, the Company entered into a Letter of Intent (the “LOI”) with Han Wind Energy Corporation (“Han Wind”), a British Virgin Islands corporation, to promote and develop wind energy parks in the area of Tui Teng Liang, Inner Mongolia, China. On February 12, 2010, the Company changed its name by way of a merger with its wholly-owned subsidiary, Far East Wind Power Corp. The merger was solely for the purpose of effecting the name change. As a result of the name change, the Company’s new trading symbol under the OTC Bulletin Board is “FEWP” effective February 9, 2010.:

On March 22, 2010, the Company entered into a Letter of Intent with Wuhan Guoce Nordie New Energy Co. (“Wuhan Guoce”) to acquire Wuhan Guoce’s rights to its wind farm project named “TianHe I Project”.

	September 30, 2010			June 30, 2010
Promissory notes payable to Coach Capital LLC (“Coach”) issued in January and February 2010 in consideration of Coach’s payments of operating expenses on behalf of the Company, interest at 10% (default interest rate of 30%), due on demand, convertible into Company securities at such rate as that being offered to prospective investors at time of conversion	$	88,959		$	88,959
Promissory notes payable to Quarry Bay Capital LLC (“Quarry Bay”) issued between march and May 2010 in consideration of Quarry Bay’s payments of operating expenses ($50,694 total) and a deposit paid in connection with the Wuhan GuoceTianHe Letter of Intent (see Note 4) dated March 22, 2010 ($200,000) on behalf of the Company, interest at 10% (default interest rate of 30%), due on demand, convertible into Company securities at such rate as that being offered to prospective investors at time of conversion		250,694			250,694
Promissory note payable to Quarry Bay dated September 3, 2010 ($100,000) on behalf of the Company, interest at 10% (default interest rate of 30%), due on demand, convertible into Company securities at such rate as that being offered to prospective investors at time of conversion		100,000			-
Amount due to Coach for Coach’s payments of operating expenses in the fiscal year ending June 30, 2010 on behalf of the Company, interest at 0%, due on demand, expected to be replaced with a convertible promissory note		68,805			68,805
Accrued Interest Payable to Coach and Quarry Bay		18,082			8,781
Total		526,540			417,239
Less Current Portion of Debt and Accrued Interest		(526,540	)		(417,239	)
Long Term Portion of Debt and Accrued Interest	$	-		$	-

~~On September~~As ~~21,~~the ~~2009~~promissory notes included no conversion price and therefore the number of shares could not be computed, Msthe Company has not recorded the value of the conversion feature. ~~Neema~~The ~~Lakhani~~Company ~~resigned~~will asrecord ~~sole~~the ~~officer~~value ~~and~~of ~~director~~the conversion feature, if any, on the date the number of shares issuable upon conversion of the ~~Company~~debt is determinable.

~~On September~~F ~~21,~~- ~~2009, the Board of Directors of the Company appointed Mr. John J. Lennon as sole officer and director of the Company to fill the vacancy created by the resignation of Ms. Lakhani.~~8

~~On November~~NOTE ~~23,~~7 ~~2009,~~- ~~the~~COMMITMENTS ~~Board~~AND ~~of Directors of the Company appointed Mr. James Ping Xu as the chairman of the Board.~~CONTINGENCIES

OnWind ~~March 18, 2010, John J. Lennon resigned as Director, President and Chief Executive Officer of the Company. Mr. Lennon remains as the Chief Financial Officer of the Company.~~Projects

On ~~March 18~~August 13, 2010, the ~~Board~~Company entered into a Letter of ~~Directors~~Intent with Taitong Energy Limited (“Taitong”), a PRC company, whereby the parties agreed to the joint development of a wind farm project in the ~~Company~~Yunnan ~~appointed~~Province Mrin China. ~~Han~~The ~~Xiaoping~~Letter as of Intent provides for the ~~President~~Company’s investment of up to $20,000,000 in the project and ~~Chief~~a ~~Executive~~definitive ~~Officer~~agreement to be executed upon satisfactory completion by the Company of due diligence of the project. On October 10, 2010, the Company terminated the binding letter of intent with Taitong for a wind farm development in Yunnan Province, in the PRC.

On ~~June 9~~July 30, ~~2009~~2010, the Company ~~effectuated~~entered aninto 8a ~~for~~Letter 1of ~~forward~~Intent ~~stock~~with ~~split~~Beijing Tongchuang Hengyuan Technology Development Company (“BTH”), ~~thereby increasing~~a PRC company, whereby the ~~issued~~parties ~~and~~agreed ~~outstanding~~to ~~shares~~the joint development of ~~common~~a ~~stock~~wind ~~from~~farm ~~11,140,000 shares~~project in the Ningxia Hui Autonomous Region in China.The Letter of Intent provides for the Company’s investment of up to 89$20,~~120~~000,000 ~~shares.~~in ~~The~~the ~~financial~~project ~~statements~~and ~~have~~a ~~been~~definitive ~~retroactively adjusted~~agreement to ~~reflect~~be ~~this~~executed ~~forward~~upon ~~stock~~satisfactory ~~split~~completion by the Company of due diligence of the project (which has not yet been completed).

7On June 30, 2010, the Company entered into a Letter of Intent with Heilongjiang Defeng Investment Co., Ltd. ("Defeng"), a PRC company, and Heiloongjiang Ruihao Technology Group Co., Ltd. ("Ruihao"), a PRC company, to acquire a 84% ownership interest in a Defeng subsidiary with interests in three wind farms in the PRC for 140,000,000 RMB (approximately $20,644,400 translated at the June 30, 2010 exchange rate) and to provide financing of up to 100,000,000 RMB (approximately $14,476,000 translated at the June 30, 2010 exchange rate) to assist in Ruihao's development of four additional wind farms in the PRC. This letter of intent provided for a definitive agreement to be executed by July 24, 2010 and the Company's payment of the 140,000,000 RMB by July 31, 2010, neither of which occurred. As of October 15, 2010, the Company had informed Defeng that it will not proceed with the planned acqusition of the 84% ownership in TianyiFengyuan. Ruihao Project A and Ruihao Project B, but are still under consideration by the Company. Negotiations with Ruihao have been delayed until and if the Company completes a significant capital raise in excess of $20,000,000. There can be no assurance that these Wind Projects will ever materialize.

~~Far~~On ~~East Wind~~March ~~Power~~22, ~~Corp~~2010 (see Note 4), the Company entered into a Letter of Intent with Wuhan Guoce Nordic Energy Co., Ltd. (“Wuhan Guoce”), a PRC company, to acquire Wuhan Guoce’s rights to the wind farm project named “TianHe I project” for cash consideration totaling 15,000,000 RMB (approximately $2,211,900 translated at the June 30, 2010 exchange rate). Due to the Company’s failure to make the first two required payments under the Letter of Intent totaling 5,000,000 RMB (approximately $737,300 translated at the September 30, 2010 exchange rate), this letter of intent has not progressed to a definitive agreement.

~~(Formerly Celestial~~F ~~Delights~~- ~~USA Corp.)~~9

~~(A Development~~On ~~Stage~~January 6, 2010, the Company entered into a Letter of Intent with Han Wind Energy Corporation (“Han Wind”), a British Virgin Islands corporation, to promote and develop wind energy parks in China. Pursuant to the letter of intent, the Company agreed to perform a regulatory and financial due diligence investigation on the project to determine the viability of re-launching the project and obtaining the requisite permissions from the relevant authorities. Either party may terminate the letter of intent upon 30 days prior written notice. Due to the lack of available financing and the lack of a viable plan to connect the applicable property to China’s national electrical grid, this letter of intent has not progressed to a definitive agreement.

~~Notes~~Consulting ~~to Financial Statements~~Agreement

~~March~~On 31June 24, 2010, the Company entered into a Consulting Agreement with J Crane & Company Limited (the "Consultant"). The agreement provides for the Consultant to serve as the Company's Chief Financial Officer and to perform the customary duties and responsibilities implied by such position. The term of the agreement is three years; however, either party may terminate the agreement upon 30 days prior written notice to the other party. In addition to common stock awards (see Note 8), the agreement provides for the Company to pay the Consultant an initial fee of 68,000 RMB (approximately $10,038 translated at the September 30, 2010 exchange rate) and to accrue monthly fees of 68,000 RMB (approximately $10,038 translated at the September 30, .2010 exchange rate) thereafter, which are payable to the Consultant at such time as the Company completes a capital raise in excess of $250,000. For the three months ended September 30, 2010 the Company incurred $30,137 of fees, included within Executive Compensation in the Statement of Operations due under the Consulting Agreement, which are included within Accounts Payable and Accrued Expenses at September 30, 2010.

On June 17, 2010, the Company entered into a Restricted Stock Award Agreement with Marcus G. Laun. The Company granted Mr. Laun 1,000,000 shares of the Company’s common stock for services rendered (~~Unaudited~~the “Laun Agreement”). The Laun Agreement provides for vesting requirements such that the common stock will not vest until such time as the Company has completed equity or debt financings subsequent to June 17, 2010 that result in aggregate proceeds to the Company of at least $50,000,000 and the average daily trading share volume over any preceding consecutive thirty day period is at least 100,000 shares, as reported by the NASDAQ. The Laun Agreement states that the common stock will be forfeited in total if the vesting criteria has not been met and Mr. Laun is no longer working for the Company.

~~Note 1. Organization and Business Operations (continued)~~Litigation

~~These financial~~We ~~statements~~may ~~have~~be ~~been~~involved ~~prepared~~from ontime ~~a going concern basis, which implies the Company will continue~~ to ~~realize~~time ~~its assets and discharge its liabilities~~ in ~~the~~ ~~normal~~ordinary ~~course~~litigation ofthat ~~business.~~will Atnot ~~March~~have ~~31,~~a ~~2010,~~material ~~the~~effect ~~Company~~on ~~has~~our ~~negative working~~operations ~~capital and a stockholders’ deficiency~~ of ~~$144,208~~finances. We ~~Further,~~are ~~the Company has~~ not ~~generated~~aware of any ~~revenues~~pending ~~and~~or ~~incurred~~threatened ~~$195,808~~litigation inagainst ~~net losses since inception. These factors raise substantial doubt regarding~~ the Company’s ~~ability to continue as a going concern. The Company plans to improve its financial condition by obtaining new financing either by loans~~ or ~~sales~~our ofofficers ~~its~~and ~~common stock.~~directors ~~However, there is no assurance that the Company will be successful~~ in ~~accomplishing~~ ~~this~~their ~~objective.~~capacity ~~These~~as ~~financial~~such ~~statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities~~ that ~~might~~could behave ~~necessary~~a ~~should~~material ~~the~~impact ~~Company~~on ~~be unable~~our tooperations ~~continue~~or ~~as a going concern~~finances.

~~Note~~F ~~2. Interim~~- ~~Financial Statements~~10

~~The unaudited~~NOTE ~~financial~~8 statements as of March 31, 2010 and for the nine months ended March 31, 2010 have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with instructions to Form 10-Q. InSTOCKHOLDERS’ the opinion of management, the unaudited financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position as of March 31, 2010 and the results of operations and cash flows for the nine months ended March 31, 2010 and 2009.DEFICIENCY

The ~~financial~~ ~~data~~Company ~~and~~is ~~other~~authorized ~~information~~to ~~disclosed~~issue 200,000,000 shares, in ~~these~~aggregate, ~~notes~~consisting toof ~~the~~100,000,000 ~~interim financial~~shares ~~statements~~of ~~related~~common tostock, ~~these~~$0.00001 ~~periods~~par ~~are~~value, ~~unaudited~~and 100,000,000 shares of preferred stock, $0.00001 par value. The ~~results~~Company's ~~for~~Certificate of Incorporation authorizes the ~~nine~~ ~~months~~Board ~~ended~~of ~~March~~Directors 31(the "Board") to determine the preferences, ~~2010~~limitations isand ~~not~~relative ~~necessarily~~rights ~~indicative~~of any class or series of ~~the~~Company ~~results~~preferred stock prior to issuance and each such class or series must be ~~expected~~designated ~~for~~with ~~any~~a ~~subsequent~~distinguishing ~~quarter~~designation ofprior ~~the~~to ~~entire~~issuance. ~~year~~As ~~ending~~of ~~June~~September 30, 2010~~. The~~, ~~balance~~no ~~sheet~~shares atof ~~June~~the ~~30,~~Company’s ~~2009~~preferred ~~has~~stock ~~been~~and ~~derived~~43,650,000 ~~from~~shares of the ~~audited~~Company’s ~~financial statements~~common atstock ~~that~~were ~~date~~issued and outstanding.

~~Certain information~~On ~~and~~September ~~footnote~~16, ~~disclosures~~2010, ~~normally~~the ~~included~~Company inentered ~~financial~~into ~~statements prepared~~a inConsulting ~~accordance~~Agreement with ~~accounting~~a ~~principles~~third ~~generally~~party ~~accepted~~marketing ~~in the United States have been condensed or omitted pursuant to the Securities~~ and ~~Exchange~~ ~~Commission’s~~investor ~~rules~~relations ~~and~~service ~~regulations~~provider. ~~These~~The ~~unaudited~~Consulting ~~financial statements~~Agreement ~~should~~includes becash ~~read~~compensation inof ~~conjunction~~$6,500 ~~with~~per ~~our~~month ~~audited financial statements~~ and ~~notes~~a ~~thereto~~stock ~~for~~award ~~the~~of ~~year ended June 30~~200,000 ~~2009~~shares asvalued ~~included~~at ~~in our report on Form 10-K (which was filed with the SEC on October 13~~$52, ~~2009)~~000.

8On September 15, 2010, the Company entered into a Consulting Agreement with Xiaobu Liu, the Company’s Chief Executive Officer (the “Liu Agreement”). The Liu Agreement includes cash compensation of $10,000 per month and a stock award of 750,000 shares valued at $195,000, subject to vesting provisions over a thirty-six month term ending on September 1, 2013. The agreement may be terminated by either party upon 30 days prior written notice to the other party.

~~Far~~On ~~East Wind~~September ~~Power~~15, ~~Corp~~2010, the Company entered into a Stock Option Agreement with Marcus Laun, a member of the Company’s Board of Directors (the “Laun Option Agreement”). The Laun Option Agreement includes the right to purchase a total of 2,500,000 shares of the Company’s common stock at an exercise price of $0.26. The Laun Option Agreement was valued at $242,750 and is subject to vesting provisions over a thirty-six month term ending on September 15, 2013.

~~(Formerly Celestial~~On ~~Delights~~September ~~USA~~15, ~~Corp~~2010, Mr.) Xiaoping Han resigned as Director, President, and Chief Executive Officer of the Company. The Company has continued to record stock based compensation associated with Mr. Han’s common stock award and will continue to do so until separation terms are agreed to with Mr. Han.

~~(A Development~~On ~~Stage~~September 15, 2010, the Company entered into a Consulting Agreement with Frank Wang, the Company’s Senior Project Manager (the “Wang Agreement”). The Wang Agreement includes cash compensation of $2,000 per month and a stock award of 75,000 shares valued at $19,500, subject to vesting provisions over a thirty-six month term ending on September 1, 2013. The agreement may be terminated by either party upon 30 days prior written notice to the other party.

~~Notes~~On August 11, 2010, the Company entered into a Consulting Agreement with Fred Loh, the Company’s Vice President of Finance (the “Loh Agreement”). The Loh Agreement includes cash compensation of $10,000 per month ($5,000 payable each month, $5,000 accruable each month which are payable at such time as the Company completes a capital raise in excess of $250,000), an initial fully vested stock award of 50,000 shares of the Company’s common stock and an additional stock award of 300,000 shares subject to ~~Financial~~ ~~Statements~~vesting provisions over a thirty-six month term ending on August 11, 2013. These stock awards were valued at $154,000 in total. This agreement may be terminated by either party.

~~March~~On 31June 24, 2010, the Company entered into a Restricted Stock Award Agreement with J Crane & Company, Limited, an entity controlled by the Company's Chief Financial Officer (the "Crane Agreement"). The Company granted 3 Crane & Company, Limited a total of 650,000 shares of the Company's common stock. A total of 250,000 shares of the Company's common stock will vest over the six month period ending December 24, 2010, while an additional 400,000 shares of the Company's common stock will vest over the thirty six month period ending June 24, 2013. The Company valued these stock awards at $474,500 and recorded amortization of stock based compensation of $7,705 for the year ended June 30, 2010. The 650,000 restricted shares were issued to 3. Crane and Company, Limited on June 24, 2010. The Crane Agreement contains an additional stock award of 150,000 shares of common stock which shall only be earned if the Company's common stock is successfully listed on a stock exchange. The Company evaluated ASC 718 and determined that no expense should be recorded in relation to the stock award for a successful listing on a stock exchange until such time as the vesting requirements have been met. Additionally, subject to certain exceptions, in the event that the Company issues additional shares of common stock for an equity or debt financing, the Company will be required to issue additional shares of common stock in accordance with the Crane Agreement such that 3 Crane & Company, Limited will continue to own at least 1% of the Company's total outstanding common stock. The right to receive additional shares of common stock in connection with the Crane Agreement will terminate upon the earlier of (0 the Company achieving at least $50,000,000 in revenues on an annualized basis or (ii) reporting at least $100,000,000 in assets on its balance sheet. The Crane Agreement also provides for certain termination and change of control benefits whereby if the Crane Agreement were to be terminated or there was a change of control of the Company, as defined within the Crane Agreement, occurred, an acceleration of a portion of the unvested common stock awarded in the Crane Agreement will occur. Upon change of control of the Company, the Crane Agreement allows for full vesting of the stock awards.

~~(Unaudited)~~F - 11

~~Note~~On 3June 17, 2010, the Company entered into a Restricted Stock Award Agreement with Marcus G. ~~Recent~~ ~~Accounting Pronouncements~~Laun, a member of the Board of Directors since November 18, 2009, whereby the Company granted Mr. Laun 1,000,000 shares of the Company's common stock for services rendered (the "Laun Agreement"). The Laun Agreement provides for vesting requirements such that the common stock will not vest until such time as the Company has completed equity or debt financings subsequent to June 17, 2010 that result in aggregate proceeds to the Company of at least $50,000,000 and the average daily trading share volume over any preceding consecutive thirty day period is at least 100,000 shares, as reported by the NASDAQ. The Laun Agreement states that the common stock will be forfeited in total if the vesting criterion has not been met and Mr. Laun is no longer working for the Company. The 1,000,000 in restricted shares were issued to Marcus Laun on June 17, 2010, The Company evaluated ASC 718 and determined that no expense should be recorded in relation to the Laun Agreement until such time as the vesting requirements have been met.

InOn ~~May 2009~~June 17, 2010, the ~~FASB~~Company ~~issued~~entered ~~ASC~~into ~~855,~~a ~~Subsequent~~Restricted ~~Events,~~Stock ~~which establishes~~Award ~~general~~Agreement ~~standards~~with ~~for~~Xu ~~the evaluation~~Ping, ~~recognition~~a ~~and~~member ~~disclosure~~of the Board of ~~events~~ ~~and~~Directors ~~transactions~~since ~~that~~November ~~occur~~23, ~~after~~2009. ~~the~~The ~~balance~~Company ~~sheet~~granted ~~date~~Mr. ~~Although~~Xu ~~there is~~a ~~new~~total ~~terminology~~of 300,000 shares of the ~~standard~~Company's iscommon ~~based~~stock. onThe ~~the~~common ~~same~~stock ~~principles~~will asvest ~~those~~over ~~that currently~~the ~~existed~~twelve inmonth ~~the~~period ~~auditing~~ending ~~standards~~June 17, 2011. The ~~standard~~300,000 isrestricted ~~effective~~shares ~~for interim~~were orissued ~~annual~~to ~~periods~~Mr. ~~ending~~Xu ~~after~~on June 1517, ~~2009~~2010. The ~~adoption~~Company ofvalued ~~ASC~~this ~~855 did~~stock ~~not~~award ~~have~~at a$222,000 ~~material~~and ~~effect~~recorded onamortization of stock based compensation of $8,017 for the ~~Company’s~~year ~~financial statements~~ended June 30, 2010.

InOn June ~~2009~~ 17, 2010, the ~~FASB~~Company ~~issued~~entered ~~guidance~~into ~~now~~a ~~codified~~Restricted asStock ~~ASC~~Award ~~105,~~Agreement ~~Generally~~with ~~Accepted~~Han ~~Accounting Principles~~Xiaoping, as the ~~single~~Company's ~~source~~Chief ofExecutive ~~authoritative~~Officer ~~accounting~~and ~~principles recognized~~a bymember of the ~~FASB~~Board toof beDirectors ~~applied~~from byMarch ~~nongovernmental~~18, ~~entities~~2010 into ~~the preparation~~September of15, ~~financial~~2010. ~~statements~~The inCompany ~~conformity~~granted ~~with U~~Mr.S. ~~GAAP,~~Han ~~aside~~a ~~from those~~total ~~issued~~of by150,000 ~~the~~shares ~~SEC.~~of ~~ASC~~the ~~105~~Company's ~~did~~common ~~not~~stock. ~~change~~The ~~current~~common ~~U.S.~~stock ~~GAAP,~~was ~~but~~to ~~is intended~~vest toover ~~simplify~~the ~~user~~twelve ~~access~~month toperiod ~~all~~ending ~~authoritative~~June U17, 2011.S. ~~GAAP~~The by150,000 ~~providing~~restricted ~~all authoritative~~shares ~~literature~~were ~~related~~issued to aMr. ~~particular~~Han ~~topic~~on inJune ~~one place~~17, 2010. The ~~adoption~~Company ofvalued ~~ASC~~this ~~105~~stock ~~did~~award ~~not~~at ~~have~~$111,000 aand ~~material~~recorded ~~impact~~amortization onof ~~the Company’s~~stock ~~financial~~based ~~statements~~compensation of $4,008 ~~but~~for ~~does~~the ~~eliminate~~year ~~all~~ended ~~references~~June ~~to pre-codification~~30, ~~standards~~2010.

~~The Company~~On ~~has~~June ~~implemented~~17, ~~all~~2010, ~~new~~the ~~accounting~~Company ~~pronouncements~~issued ~~that~~30,000 ~~are~~shares inof ~~effect~~the ~~and that~~Company's ~~may~~common ~~impact~~stock ~~its~~to ~~financial~~a ~~statements~~third ~~and~~party ~~does~~service ~~not~~provider. ~~believe~~The ~~that~~common ~~there~~stock ~~are~~was ~~any other~~to ~~new~~vest ~~accounting~~over ~~pronouncements~~a ~~that~~three ~~have~~month ~~been~~period. ~~issued~~The ~~that~~Company ~~might~~valued ~~have~~the ~~a material~~stock ~~impact~~award onat ~~its~~$22,200 ~~financial~~and ~~position~~recorded oramortization ~~results~~of deferred stock based compensation of ~~operations~~$3,207 for the year ended June 30,2010.

~~Note~~On 4June 17, 2010, the Company issued 25,000 shares of the Company's common stock to a third party service provider. ~~Product~~ ~~License Agreement~~The common stock was for services rendered. The Company valued the stock award at $18,500 and recorded amortization of stock based compensation of $18,500 for the year ended June 30, 2010.

On ~~July 2~~February 17, ~~2008~~2010, ~~the~~Neema ~~Company~~Lakhani, (the ~~“Licensee”)~~Company's ~~entered~~former ~~into a Product License Agreement (“Agreement”) with Celestial Delights~~president, areturned ~~sole proprietorship company located in Ontario Canada~~49, ~~and Neema Lakhani (Principal and together with Celestial Delights~~000,000 ~~the~~shares ~~“Licensor”)~~of ~~pursuant to which~~ the Company's ~~agreed~~common tostock ~~license the exclusive rights~~ to ~~market and distribute~~treasury, in ~~the~~connection ~~United~~with ~~States,~~her aresignation ~~line~~on ~~of gourmet~~September ~~seasonings~~21, ~~owned~~2009, byas ~~the~~an ~~Licensor.~~officer ~~The initial term of the Agreement is for two years,~~ and isdirector ~~renewable at the sole option~~ of the ~~Licensor for two additional two-year terms upon 30 days written notice~~Company. ~~The~~As ~~Agreement~~a ~~may be further extended upon mutual agreement by both parties. The Company is to pay $8~~result,~~000~~ ~~for~~ the ~~right~~number ~~to market, promote and distribute the gourmet seasonings, and is to pay a royalty~~ of ~~ten~~shares ~~percent (10%)~~ of ~~all~~the ~~gross~~Company's ~~sales~~common ~~for~~stock ~~products licensed.~~outstanding ~~Ms. Lakhani~~ was ~~the~~reduced ~~chief executive officer of the Company~~ from ~~inception~~ 89,120,000 to ~~September 21~~40, ~~2009~~120,000.

9On September 12, 2008, the Company filed a Registration Statement on Form S-1 with the United Sates Securities and Exchange Commission, which was declared effective on September 23, 2008, to register 33,120,000 shares for resale by existing shareholders of the Company at a price of $0.00125 per share until such time as the shares of the Company's common stock start trading on the OTC Bulletin Board or another exchange. The Company does not receive any proceeds from the resale of shares of common stock by the selling stockholders.\

~~Far~~NOTE ~~East Wind~~9 ~~Power~~- ~~Corp.~~INCOME TAXES

~~(Formerly Celestial~~United ~~Delights~~States ~~USA~~of ~~Corp.)~~America

The Provision for (~~A Development~~benefit ~~Stage~~from) ~~Company~~income taxes differs from the amount computed by applying the statutory United States federal income tax rate of 35% to income (loss) before income taxes. The sources of the difference follow:

Notes to Financial Statements

	Three Months Ended September 30, 2010			Three Months Ended September 30, 2009			Period June 2, 2008 (Inception) to September 30, 2010
Expected Tax at 35%	$	(181,669	)	$	(4,506	)	$	(389,578	)
Stock Based Compensation		109,448			-			123,951
Donated Expenses		-			210			1,120
Increase in Valuation Allowance		72,221			4,296			264,507
Income Tax Provision	$	-		$	-		$	-

~~March~~F ~~31, 2010~~- 12

~~(Unaudited)~~Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Deferred income taxes arise from temporary differences in the recognition of income and expenses for financial reporting and tax purposes. The significant components of deferred tax assets and liabilities are as follows:

Note 4. Product License Agreement (continued)

	September 30, 2010			June 30, 2010
Net Operating Loss Carryforward	$	264,507		$	192,286
Valuation Allowance		(264,507	)		(192,286	)
Net Deferred Tax Assets	$	-		$	-

~~The $8,000~~Based ~~initial~~on ~~license~~management’s ~~fee~~present assessment, ~~which~~the ~~was~~Company ~~paid~~has onnot ~~October~~yet ~~31,~~determined ~~2008,~~it ~~was~~to ~~capitalized on~~be ~~July~~more 2,likely ~~2008~~that ~~and~~not ~~was~~that ~~being~~a ~~expensed~~deferred ~~over~~tax ~~the~~asset ~~initial~~of ~~two~~$264,507 ~~year~~at ~~term~~September 30, 2010 attributable to the future utilization of the ~~agreement.~~ Onnet ~~January~~operating 6loss carryforward of $756,544 ~~2010~~will be realized. Accordingly, the Company ~~entered~~has ~~into~~maintained a ~~letter~~100% ofallowance ~~intent~~against ~~to change~~the ~~its~~deferred ~~principal~~tax ~~business~~asset in the financial statements. The Company will continue to ~~developing~~review ~~wind~~this ~~energy,~~valuation allowance and ~~therefore,~~make ~~expensed the~~adjustments ~~remaining~~as ~~$2,000~~appropriate. The ~~balance~~net ofoperating ~~the~~loss ~~license~~carryforward ~~fee~~expires $16,906 in ~~the~~2028, ~~three~~$41,371 ~~months~~in ~~ended~~2029, ~~March 31~~$491,922 ~~2010~~in 2030, and $766,345 in 2031.

Note 5. Promissory Note

During the nine months ended March 31, 2010, Coach Capital LLC (“Coach Capital”) paid $88,959 and Quarry Bay Capital LLC (“Quarry Bay”) paid $48,094 for expenses (primarily professional and consulting fees) on behalf of the Company.

The Company issued the following promissory notes to secure the loans:

· A promissory note dated January 2, 2010, to Coach Capital for $74,194, with interest at 10% per annum. This note is payable upon demand.

· A promissory note dated January 8, 2010, to Coach Capital for $2,047, with interest at 10% per annum. This note is payable upon demand.

· A promissory note dated February 16, 2010, to Coach Capital for $12,718, with interest at 10% per annum. This note is payable upon demand.

· A promissory note dated March 31, 2010, to Quarry Bay for $48,094, with interest at 10% per annum. This note is payable upon demand.

For the period ended March 31, 2010, the Company accrued interest payable of $1,985 on the promissory notes.

For all the above promissory notes, arrears in payment of the Principal Amount or any interest shall bear interest at the rate of 30% per annum calculated annually. The holders of the notes may, at their option, convert all or any part of the indebtedness owing under the note into the Company securities at such rate as that being offered to investors at the time of conversion.

As the agreement included no conversion price and therefore, the number of shares could not be computed the Company has not recorded the value of the conversion feature. The Company will record the value of the conversion feature, if any, on the date the number of shares issuable upon conversion of the debt is determinable.

Far East Wind Power Corp.

(Formerly Celestial Delights USA Corp.)

(A Development Stage Company)

Notes to Financial Statements

March 31, 2010

(Unaudited)

Note 6. Related Party Transactions

As at March 31, 2010, the Company is indebted to the former President of the Company for $4,643 (June 30, 2009 - $4,488). The amount due to the former President has been reclassified to accounts payable. This amount is unsecured, non-interest bearing and has no terms of repayment.

The Company received services from its former president through September 2009 at no cost to the Company. For accounting purposes, the estimated fair value of these donated services ($200 per month) was included in general and administrative expenses and additional paid-in capital was increased by the same amounts. During the nine month period ended March 31, 2010, the Company expensed $600 (2008 - $1,800) for donated services.

On June 2, 2008, the Company issued 56,000,000 shares of common stock to the former President of the Company at $0.000125 per share for cash proceeds of $7,000.

During the nine months ended March 31, 2010, the Company incurred $15,000 in consulting fees expense to a corporation controlled by the Company’s present chief executive officer.

Note 7. Common Stock

On September 12, 2008, the Company filed a Registration Statement on Form S-1 with the United States Securities and Exchange Commission, which was declared effective on September 23, 2008, to register 33,120,000 shares for resale by existing shareholders of the Company at a price of $0.00125 per share until such time as the shares of the Company’s common stock start trading on the OTC Bulletin Board or another exchange. The Company does not receive any proceeds from the resale of shares of common stock by the selling stockholders.

On February 17, 2010, Neema Lakhani, the Company’s former president, returned 49,000,000 shares of the Company’s common stock to treasury, in connection with her resignation on September 21, 2009, as an officer and director of the Company. As a result, the number of shares of the Company’s common stock outstanding was reduced from 89,120,000 to 40,120,000.

Note 8. Commitments and Contingencies

On November 15, 2009, the Company entered into a business consulting agreement with Great Northwest Investor Relations Inc. (“Great Northwest”) where Great Northwest will provide consulting services for a period of 24 months ending November 14, 2011 at a rate of $7,500 per month. The agreement is terminable by either party upon 30 days prior written notice to the other party.

Far East Wind Power Corp.

(Formerly Celestial Delights USA Corp.)

(A Development Stage Company)

Notes to Financial Statements

March 31, 2010

(Unaudited)

Note 8. Commitments and Contingencies (continued)

On January 6, 2010, the Company entered into a Letter of Intent with Han Wind Energy Corporation (“Han Wind”), a British Virgin Islands corporation, to promote and develop wind energy parks in China. Pursuant to the letter of intent, the Company agreed to perform a regulatory and financial due diligence investigation on the project to determine the viability of re-launching the project and obtaining the requisite permissions from the relevant authorities. Either party may terminate the letter of intent upon 30 days prior written notice.

On March 22, 2010, the Company entered into a Letter of Intent (the “LOI”) with Wuhan Guoce Nordie New Energy Co. Ltd. (“Wuhan Guoce”), a People’s Republic of China company, where the Company agreed to acquire Wuhan Guoce’s rights to the wind farm project named “TianHe I project” in exchange for cash consideration totaling RMB 15,000,000 (approximately $2,197,500 translated at the March 31, 2010 exchange rate). The LOI, which is to become effective upon the date the Company receives at least $20,000,000 in financing (the “Effective Date”), provides for payments of RMB 2,000,000 ($293,000) within 4 business days, RMB 3,000,000 ($439,500) within 8 business days, and the RMB 10,000,000 ($1,465,000) remaining balance on the Effective Date. On April 13, 2010 (see Note 10), Quarry Bay (on behalf of the Company) arranged for payment of $200,000 to Wuhan Guoce as a first installment. As of the filing date of this Form 10-Q, the Effective Date has not occurred, the Company has not paid any additional installments to Wuhan Guoce, and the parties are negotiating a revised LOI.

Note 9. Income Taxes

The provision for (benefit from) income taxes differs from the amount computed by applying the statutory United States federal income tax rate of 35% to income (loss) before income taxes. The sources of the difference follow:

	Nine Months Ended			Nine Months Ended			Period June 2, 2008 (Inception) to
	March 31, 2010			March 31, 2009			March 31, 2010
Expected tax at 35%	$	(47,509	)	$	(12,941	)	$	(68,533	)
Donated expenses		210			630			1,120
Increase in valuation allowance		47,299			12,311			67,413
Income tax provision	$	-		$	-		$	-

Far East Wind Power Corp.

(Formerly Celestial Delights USA Corp.)

(A Development Stage Company)

Notes to Financial Statements

March 31, 2010

(Unaudited)

Note 9. Income Taxes (continued)

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Deferred income taxes arise from temporary differences in the recognition of income and expenses for financial reporting and tax purposes. The significant components of deferred income tax assets and liabilities are as follows:

	March 31,			June 30,
	2010			2009
Net operating loss carryforword	$	67,413		$	20,113
Valuation allowance		(67,413	)		(20,113	)
Net deferred tax assets	$	-		$	-

Based on management’s present assessment, the Company has not yet determined it to be more likely than not that a deferred tax asset of $67,413 at March 31, 2010 attributable to the future utilization of the net operating loss carryforward of $192,608 will be realized. Accordingly, the Company has provided a 100% allowance against the deferred tax asset in the financial statements. The Company will continue to review this valuation allowance and make adjustments as appropriate. The net operating loss carryforward expires $16,096 in 2028, $41,371 in 2029 and $135,141 in 2030.

Current United States income tax laws limit the amount of loss available to offset against future taxable income when a substantial change in ownership occurs. Therefore, the amount available to offset future taxable income may be limited.

~~Note~~People’s ~~10. Subsequent Event~~Republic of China

OnEnterprise ~~April 30,~~Income 2010, the Company issued a promissory note to Quarry Bay in the amount of $200,000 in consideration of Quarry Bay’s arranged $200,000 payment (on behalf of the Company) to Wuhan Guoce on April 13, 2008 (see Note 8). The Note is payable upon demand.Tax

13On March 16, 2007, the PRC National People’s Congress enacted the PRC Enterprise Income Tax Law (the “New EIT Law”), which, together with its related implementation rules issued by the PRC State Council on December 6, 2007, became effective on January 1, 2008. The New EIT Law imposes a single uniform income tax rate of 25% on all Chinese enterprises, including foreign invested enterprises, and eliminates or modifies most of the tax exemptions, reductions and preferential treatment available under the previous tax laws and regulations.

Under the New EIT Law, the preferential tax treatment for encouraged enterprises located in western China and certain industry-oriented tax incentives are still available. Companies located in western China are taxed at a preferential income tax rate of 15%. Foreign invested enterprises engaged in energy transportation are also taxed at a preferential income tax rate of 15%.

In addition, pursuant to the Notice on the Execution of the Catalogue of Public Infrastructure Projects Entitled for Preferential Tax Treatment, an enterprise set up after January 1, 2008 and engaged in public infrastructure projects is entitled to a tax holiday of a three-year full exemption followed by a three-year 50% exemption commencing from the first year it generates operating income. Accordingly, each of our potential Wind Projects which have obtained government approval on or after January 1, 2008 and is operated by a Chinese enterprise is fully exempted from EIT for three years starting from the year when operating income is first derived from the sales of wind electricity, and is 50% exempted from EIT for three years thereafter.

In addition, pursuant to the New EIT Law, starting from January 1, 2008, dividends and interest payable to foreign investors are subject to a 10% withholding tax (unless the foreign investor’s jurisdiction of incorporation has a tax treaty with the PRC that provides for a different withholding arrangement, and the preferential tax rate is approved by the competent authorities).

Value Added Tax

Enterprises or individuals who sell products, engage in repair and maintenance or import and export goods in the PRC are subject to a value added tax in accordance with Chinese laws. The value added tax rate applicable to the Company is 6% of the gross sales price. No credit is available for VAT paid on the purchases.

F - 13

NOTE 10 – DISCONTINUED OPERATIONS

The Company’s management agreed to a plan for disposal of the Company’s gourmet seasonings business segment. In accordance with ASC 360-45-9, the Company met the conditions for classifying the assets and liabilities of the business segment and assets to be disposed of, as assets of discontinued operations, on November 9, 2009. The assets and liabilities of the discontinued operations of the gourmet seasonings business segment have been aggregated and presented as separate line items in the Company’s balance sheets for each period presented. The results of operations of the discontinued operations have been aggregated and presented as a separate line item in the statements of operations for each period presented.

Assets of Discontinued Operations

Assets of discontinued operations as of September 30, 2010 and June 30, 2010 are detailed in the table below.

	As of
	September 30, 2010		June 30, 2010
Deferred License Fee, net	$	-	$	4,000
Total Assets of Discontinued Operations	$	-		4,000

Liabilities of discontinued operations as of September 30, 2010 and June 30, 2010 are detailed in the table below.

	As of
	September 30, 2010		June 30, 2010
Accounts Payable and Accrued Expenses	$	-	$	-
Total Liabilities of Discontinued Operations	$	-	$	-

The results of operations of the discontinued operations presented in the statements of operations for the three months ended September 30, 2010 and 2009 are detailed in the table below:

	Three Months Ended
	September 30, 2010		September 30, 2009
Sales	$	-	$	-
Cost of Sales		-		-
Gross Profit		-		-
Amortization of Deferred License Fee		-		(1,000	)
Net Loss	$	-	$	(1,000	)

The Company amortized the remaining $4,000 carrying value of the deferred license fee during the year ended June 30, 2010. As a result, the discontinued operations will have no impact on the Company’s operations for the year ended June 30, 2011 or for any year thereafter.

F - 14

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

~~The following~~Management's ~~discussion~~Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") is designed to provide information that is supplemental to, and should be read intogether ~~conjunction~~ with, the ~~information contained~~Company’s inconsolidated ~~our~~ financial statements and the accompanying notes ~~thereto,~~contained ~~which~~in ~~form~~this Quarterly Report on Form 10-Q. Information in this Item 2 is intended to assist the reader in obtaining an ~~integral~~ ~~part~~understanding of the consolidated financial statements, ~~which~~the ~~are~~changes ~~attached hereto~~in certain key items in those financial statements from year to year, the primary factors that accounted for those changes, and any known trends or uncertainties that the Company is aware of that may have a material effect on the Company’s future performance, as well as how certain accounting principles affect the consolidated financial statements. MD&A includes the following sections:

~~The financial~~• Highlights ~~statements mentioned above have been prepared in conformity with accounting principles generally accepted in the United States of America~~ and ~~are stated~~Executive ~~in United States dollars.~~Summary

~~Our~~• Results ~~Form 10-Q~~of ~~includes~~Operations—an aanalysis ~~number~~ of ~~forward-looking~~the ~~statements~~Company’s ~~that~~consolidated ~~reflect~~results ~~our~~of ~~current views with respect to future events and financial performance. Forward-looking statements are often identified by words such as: believe~~operations, ~~expect,~~for ~~estimate, anticipate,~~the ~~intend,~~two ~~project~~years ~~and~~presented ~~similar~~in ~~expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of~~ the ~~date~~consolidated offinancial ~~this Form 10-Q. These forward-looking~~ statements ~~are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.~~

~~Financial Condition~~• Liquidity asand Capital Resources—an analysis of ~~March~~the 31effect of the Company’s operating, ~~2010~~financing and investing activities on the Company’s liquidity and capital resources

~~We reported total current assets of $9,640 on March 31, 2010, consisting of prepaid expenses of $9,640.~~• WeOff-Balance ~~had~~Sheet noArrangements—a ~~cash~~discussion as of ~~March~~such ~~31, 2010. Total~~commitments ~~current liabilities reported of $153,848 consisted of $14,810 in accounts payable~~ and ~~accrued liabilities and $139,038 in promissory notes.~~arrangements

~~Stockholders’ Deficiency~~• Critical ~~increased~~Accounting ~~from~~Policies and Estimates—a ~~deficiency~~discussion of ~~$9,067~~accounting atpolicies ~~June~~that ~~30,~~require ~~2009~~significant tojudgments ~~a deficiency~~and ~~of $144,208 at March 31, 2010.~~estimates

~~Background~~• New Accounting Pronouncements—a summary and discussion of the Company’s plans for the adoption of relevant new accounting standards relevant

WeThe ~~were organized~~following ~~under~~discussion ~~the~~contains ~~laws~~forward-looking ofstatements ~~the~~that ~~State~~reflect ofthe ~~Nevada~~Company’s onplans, ~~June~~estimates 2,and ~~2008~~beliefs. ~~Under~~Actual ~~an exclusive~~results ~~Product~~could ~~License~~differ ~~Agreement~~materially ~~with~~from ~~our~~those ~~former~~discussed ~~president,~~in ~~Neema~~these ~~Lakhani, and~~forward-looking ~~Celestial~~statements. ~~Delights,~~Factors athat ~~sole~~could ~~proprietorship~~cause ~~located~~or incontribute ~~Ontario,~~to ~~Canada~~these differences include, ~~we have~~but ~~the~~are ~~exclusive~~not ~~right~~limited to, ~~market~~those ~~and~~discussed ~~distribute~~below ~~the~~and ~~coveted~~elsewhere ~~Celestial Delights product line~~ in ~~the~~this ~~United~~Prospectus ~~States.~~particularly ~~The~~in ~~Celestial~~"Special ~~Delights~~Note ~~product~~Regarding ~~line~~Forward-Looking ~~consists of gourmet infused oils~~Statements," ~~infused~~"Market ~~grapeseed~~Data" ~~oils, mustard sauces, grilling rubs, bread dippers~~ and ~~gourmet~~"Risk ~~dips for sale to specialty retail stores and gift basket markets~~Factors."

OnHighlights ~~June 9, 2009, we effectuated an 8 for 1 forward stock split, thereby increasing the issued~~ and ~~outstanding~~Executive shares of common stock from 11,140,000 shares to 89,120,000 shares. Given the global economic crisis, challenging credit environment and poor retail sales in the United States, we decided to change our business focus towards the end of 2009 and began to explore overseas growth opportunities in China.Summary

~~On January~~For ~~6, 2010, we entered into a Letter of Intent (~~the ~~“LOI”)~~three ~~with~~months ~~Han~~ended ~~Wind Energy~~September ~~Corporation~~30, a2010 ~~British Virgin Islands corporation (“HWE”) to promote~~ and ~~develop~~ ~~wind~~September ~~energy parks in the area of HuiTengLiang~~30, ~~Inner Mongolia~~2009, ~~China (~~the ~~“Project”).~~Company ~~The~~reported ~~initial~~revenues ~~project consists~~ of a$0, ~~development property encompassing an area of 188 square kilometers in size with a recorded average annual wind speed in excess of 8 m/s~~respectively. ~~The~~Net ~~property~~loss iswas 62$519,054 ~~kilometers from a large and growing urban centre which includes a mix of both residential and industrial consumers. Plans~~ for the ~~project~~year ~~include~~ended aSeptember ~~phase~~30, 12010 ~~stage~~as tocompared ~~install up~~ to ~~48 megawatt~~a ~~(“MW”)~~net loss of ~~wind turbines~~$12,874 ~~and~~for ~~phase 2 plans are projected to increase~~ the ~~installation~~three ~~upwards~~months toended ~~300~~September MW30, ~~or higher based on future demand considerations~~2009. ~~HWE~~The ~~brought~~Company ~~the~~discontinued ~~Project~~its togourmet aseasonings ~~certain~~business ~~point~~and ofincurred ~~development~~substantial ~~from 2005~~expenses ~~through~~in toconnection ~~2008~~with ~~but~~the ~~lack~~orhganization of ~~available financing stalled~~ the ~~Project. Pursuant~~wind toenergy ~~the~~business ~~LOI, we agreed to perform a regulatory~~ and ~~financial~~initial ~~due diligence~~business ~~investigation~~development onactivities ~~the Project to determine the viability~~ of ~~re-launching~~ the ~~Project~~wind ~~and~~energy ~~obtaining the requisite permissions from the relevant authorities~~business.

On February 17, 2010, Neema Lakhani, our former president, returned 49,000,000 shares of our common stock to treasury, in connection with her resignation on September 21, 2009 as an officer and director of the Company. As a result, the number of shares of our common stock outstanding was reduced from 89,120,000 to 40,120,000.3

On March 22, 2010, we entered into a letter of intent with Wuhan Guoce Nordic New Energy Co. Ltd. of Wuhan, China (“Guoce”) to acquire certain rights to a number of development stage wind farm projects located in Jilin Province and the Inner Mongolia Autonomous Region (“Inner Mongolia”). The proposed projects will be acquired from Guoce for cash totaling RMB 15,000,000 (approximately $2,197,500 translated at the March 31, 2010 exchange rate) and other considerations subject to agreed-upon financing and the terms will be set forth in a definitive purchase and sale agreement. This letter of intent is to become effective upon the date the Company receives at least $20,000,000 in financing (the “Effective Date”) and provides for payments of RMB 2,000,000 ($293,000) within 4 business days, RMB 3,000,000 ($439,500) within 8 business days, and the RMB 10,000,000 ($1,465,000) remaining balance on the Effective Date. On April 13, 2010, Quarry Bay Capital LLC (on behalf of the Company) arranged for payment of $200,000 to Guoce as a first installment. As of the filing date of this Quarterly Report on Form 10-Q, the Effective Date has not occurred, the Company has not paid any additional installments to Wuhan Guoce, and the parties are negotiating a revised letter of intent.

Guoce is a manufacturer of wind turbines and has been assembling a 700 MW portfolio of project locations and working with local, regional and national agencies as well as regional grid operators to acquire requisite permits and approvals necessary for development efforts to proceed at those locations. The most advanced-stage project of Guoce’s portfolio is known as the TianHe 1 Project and is a proposed 50MW development with all approvals in place and a site ready for construction commencing in April 2010. This Inner Mongolia location has been determined to be a robust wind resource offering favorable conditions for annualized wind power generation. The TianHe Phase 2 project is planned for an additional 50MW later this year subject to permitting and approvals which we will undertake should we acquire the rights to this project. Additional projects as part of the Guoce portfolio include a number of locations in Jilin Province. They include a proposed 100MW development site at the Min Ying Development Zone, and a planned 500MW program dispersed across the proposed Taonan Project Phases 1-5. All sites have been identified by various government agencies as recognized wind resource development locations and, subject to approval, are in various authorization stages which could offer short lead times to development.

Critical Accounting Policies

The preparation of financial statements in conformity with United States generally accepted accounting principles requires management of our company to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.

Our management routinely makes judgments and estimates about the effects of matters that are inherently uncertain. As the number of variables and assumptions affecting the probable future resolution of the uncertainties increase, these judgments become even more subjective and complex. Our significant accounting policies are discussed in Note 2 to our financial statements for the fiscal year ended June 30, 2009 included in our Form 10-K. We have identified the following accounting policies, described below, as the most important to an understanding of our current financial condition and results of operations.

Basic and Diluted Net Income (Loss) Per Share

We compute net income (loss) per share in accordance with Accounting Standard Codification (“ASC”) 260, “Earnings per Share”. ASC 260 requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible securities using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. As of, and for the three months ended March 31, 2010, there have been no material changes or updates to our critical accounting policies.

Results of Operations

~~The following~~Three ~~discussion~~Months ofended ~~the~~September ~~financial condition~~30, ~~results~~2010 ofcompared ~~operations,~~to ~~cash flows and changes in our financial position should be read in conjunction with our audited consolidated financial statements and notes thereto for~~ the ~~fiscal year~~three months ended ~~June~~September 30, 2009 ~~included in our Annual Report on Form 10-K filed on October 13, 2009, as amended by Form 10-K/A filed on February 5, 2010.~~

~~Comparison of~~Income ~~Three~~Statement ~~and Nine Months Ended March 31, 2010 and March 31, 2009~~Items

Results of Operations, Three Months Ended	March 31, 2010		March 31, 2009
License Fees	$	2,000	$	1,000
General and Administrative		59,521		6,988
Total Expenses	$	61,521	$	7,988

The following tables set forth key components of the Company’s results of operations for the three months ended September 30, 2010 and 2009, respectively

	June 30,
	2010			2009
Revenues	$	-		$	-
Costs of Sales		-			-
Gross Profit		-			-
Total Operating Expenses		519,054			11,874
Loss From Continuing Operations Before Income Taxes		(519,054	)		(11,874	)
Provision for Income Taxes		-			-
Loss From Continuing Operations	$	(519,054	)	$	(11,874	)
Loss from Discontinued Operations		-			(1,000	)
Net Loss	$	(519,054	)	$	(12,874	)
Basic Loss Per Share, Continuing Operations	$	(0.01	)	$	(0.00	)
Diluted Loss Per Share, Continuing Operations	$	(0.01	)	$	(0.00	)
Basic Loss Per Share, Discontinued Operations	$	(0.00	)	$	(0.00	)
Diluted Loss Per Share, Discontinued Operations	$	(0.00	)	$	(0.00	)

~~Total expenses for~~Revenues ~~the~~Increased ~~three~~by ~~months ended March 31, 2010 increased to~~ $61,521 from $7,988 for the three months ended March 31, 2009, due largely to an increase in general and administrative expenses from $7,988 in 2009 to $61,521 in 2010, primarily attributed to an increase in professional and consulting fees related to our development stage activities.0:

Results of Operations, Nine Months Ended	March 31, 2010		March 31, 2009
License Fees	$	4,000	$	3,000
General and Administrative		131,741		33,975
Total Expenses	$	135,741	$	36,975

Revenues were $0 for the three months ended September 30, 2010 and September 30, 2009, respectively. The Company had no operating Wind Projects during the years ended September 30, 2010 or September 30, 2009.

~~Total expenses for~~Costs ~~the~~of ~~nine~~Sales ~~months~~Increased ~~ended~~by ~~March 31, 2010 increased to~~ $135,741 from $33,975 for the nine months ended March 31, 2009, due largely to an increase in general and administrative expenses from $33,975 in 2009 to $131,741 in 2010, primarily attributed to an increase in professional and consulting fees related to our development stage activities.0:

~~Expenses or~~Costs ~~other~~of ~~cash~~sales ~~flows~~were in$0 ~~these~~for ~~periods~~the ~~may~~three ~~not~~months beended ~~indicative~~September of30, ~~future~~2010 ~~periods~~and ~~as we~~September ~~are~~30, in2009, respectively. The Company had no operating Wind Projects during the ~~early~~three ~~development~~months ~~stage~~ended September 30, 2010 or September 30, 2009.

~~Period from~~Operating ~~inception,~~Expenses ~~June~~Increased 2,by ~~2008~~$497, ~~to March 31, 2010~~879:

WeFor ~~were incorporated~~the onthree ~~June~~months 2ended September 30, ~~2008~~2010, the Company incurred operating expenses of $509,753 as compared to $11,874 for the three months ended September 30, 2009. We ~~executed~~The ~~our~~Company ~~licensing~~recorded ~~agreement with~~executive Msofficer compensation of $220,258, which was inclusive of $180,121 of compensation paid in stock for the three months ended September 30, 2010 as compared to $0 for the three months ended September 30, 2009. ~~Lakhani~~The Company also incurred significant professional fees, ~~our~~namely ~~former~~legal ~~president~~fees, ~~completed~~during athe ~~private~~organization ~~placement~~and ~~of securities~~initial ~~that~~business ~~raised~~development efforts for the wind energy business. Professional fees were $4165,~~400~~932 and $0 for the three months ended September 30, ~~retained~~2010 aand ~~lawyer~~2009, respectively. Other selling, general and ~~prepared~~administrative ~~our~~expenses ~~registration statement~~for the three months ended September 30, 2010 and 2009 totaled $223,563 and $11,874, respectively.

Net Loss Increased by $506,180:

The net loss for the three months ended September 30, 2010 and 2009 totaled $519,054 and $12,874. The Company incurred significant executive officer compensation as well as significant costs associated with the organization of the wind energy business and initial business development activities associated with the wind energy business.

Liquidity and Capital Resources

~~As of March 31, 2010, we had cash of $0.~~ We ~~currently~~do ~~have~~not no revenue from operations. During the nine month period ended March 31, 2010, we funded our operations from the proceeds of private sales of convertible notes and third parties paid certain expenses on our behalf. We plan to continue further financings, and we believe that ~~this~~our ~~will~~currently-available ~~provide sufficient~~ working capital ~~to fund~~will sustain our operations ~~for~~through ~~at least~~ the ~~next~~twelve 12 months. Inending ~~order~~September ~~to meet our more aggressive growth plans to acquire and develop wind farm projects in China~~30, ~~we will need to raise a significant amount of capital through equity or debt financings~~2011. There can be no assurance that we will be successful in raising additional funds and, if unsuccessful, our plans for expanding operations and business activities may have to be curtailed. Any attempt to raise funds, through debt or equity financing, would likely result in dilution to existing shareholders.

~~For the nine month period ended March 31, 2010, we had $~~4,198 cash provided by operating activities and used $4,488 cash for financing activities. During the nine month period ended March 31, 2010, $137,053 of our expenditures were paid by a third party in exchange for a promissory note.

~~We continue~~As toof ~~operate~~September ~~with~~30, ~~very~~2010, ~~limited~~we ~~administrative~~had ~~support~~a cash balance of $85,000. ~~and~~We ~~our~~have ~~current officers~~been ~~and~~funding ~~directors~~operations ~~continue~~through toshort beterm ~~responsible~~promissory ~~for~~note ~~many~~advances ~~duties~~from toindividuals ~~preserve our~~and ~~working~~entities ~~capital~~the Company’s management has previously conducted business with.

~~Prior Financings~~We expect significant capital expenditures during the next 12 months for our wind projects, overhead and working capital purposes. We do not believe we have sufficient cash to fund budgeted capital expenditures in fiscal 2011. We presently do not have any available credit, bank financing or other external sources of liquidity. Due to our brief history and historical operating losses, our operations have not been a source of liquidity. We will need to obtain additional capital in order to expand operations and become profitable. In order to obtain capital, we may need to sell additional shares of our common stock or borrow funds from private lenders. There can be no assurance that we will be successful in obtaining additional funding. Financing transactions may include the issuance of equity or debt securities, obtaining credit facilities, or other financing mechanisms. However, the trading price of our common stock and a downturn in the North American stock and debt markets could make it more difficult to obtain financing through the issuance of equity or debt securities. Even if we are able to raise the funds required, it is possible that we could incur unexpected costs and expenses, fail to collect significant amounts owed to us, or experience unexpected cash requirements that would force us to seek alternative financing. Furthermore, if we issue additional equity or debt securities, stockholders may experience additional dilution or the new equity securities may have rights, preferences or privileges senior to those of existing holders of our common stock. If additional financing is not available or is not available on acceptable terms, we will have to curtail our operations.

WeNet ~~issued 56~~cash used in operations for the three months ended September 30,~~000~~ 2010 was $(15,000). ~~shares~~We ofgenerated ~~common~~$519,054 ~~stock~~in ~~through~~net alosses ~~private~~for ~~placement~~the ~~pursuant~~three ~~to Regulation~~months Sended ofSeptember ~~the~~30, ~~Securities~~2010. ~~Act~~A total of ~~1933~~$312,709 was related to ~~Neema~~the ~~Lakhani,~~amortization ~~our~~of ~~former~~executive ~~sole~~ officer ~~and~~compensation ~~director~~in onthe ~~June~~form 2of stock, ~~2008~~as incompared ~~consideration~~to of $70 for the three months ended September 30,~~000~~ 2009. ~~Ms. Lakhani~~ isAccounts payable increased by $180,697 as a ~~non-US~~result ~~person~~of ~~and~~an ~~all~~increase ~~transactions~~in ~~closed~~professional ~~outside~~fees ~~the~~and ~~United~~other ~~States of~~expenses ~~America.~~associated ~~This~~with ~~was~~initial ~~accounted~~business ~~for~~development asefforts arelated ~~purchase~~to ofthe ~~shares~~wind ofenergy ~~common stock~~business. On ~~February~~In ~~17,~~the ~~2010~~future, ~~Ms.~~we ~~Lakhani~~may ~~returned~~use ~~49,000,000~~cash ~~shares of~~in our ~~common~~operations ~~stock~~due to ~~treasury,~~the incontinuing ~~connection~~implementation ~~with~~of ~~her~~our ~~resignation~~business onmodel ~~September 21,~~and ~~2009~~increased asexpenses anfrom ~~officer~~costs ~~and~~associated ~~director~~with ofbeing ~~the~~a ~~Company~~public company.

InNet ~~June 2008,~~cash weused ~~completed~~in ainvesting ~~private~~activities ~~placement~~for ~~of 33,120,000 restricted shares of common stock pursuant to Reg. S of~~ the ~~Securities~~three ~~Act~~months ofended ~~1933~~September ~~and raised $41~~30,~~400.~~ ~~All of~~2010 ~~the shares were sold to non-US persons~~ and ~~all~~September ~~transactions~~30, ~~closed~~2009 ~~outside the United States of America. This~~ was ~~accounted for as a purchase of shares of common stock~~$0.

Net cash provided by financing activities for the three months ended Septembere 30, 2010 and 2009 were $100,000 and $149. In 2010 we received funds from promissory notes to third parties for total cash proceeds of $100,000. In 2009 the Company’s former Chief Executive Officer provided cash advances to the Company of $149.

Net cash provided by discontinued operations for the three months ended September 30, 2010 and 2009 totaled $0 and $1,000, respetively.

Off-Balance Sheet Arrangements

We have ~~not~~ ~~entered~~no ~~into~~off-balance ~~any~~sheet ~~other~~arrangements ~~financial~~that ~~guarantees~~will ~~or other commitments to guarantee the payment obligations of any third parties. We~~ have ~~not entered~~a ~~into~~current ~~any derivative contracts that are indexed to our shares and classified as shareholder’s equity~~ or ~~that~~future ~~are~~effect ~~not~~on ~~reflected in~~ our ~~consolidated~~ financial ~~statements. Furthermore,~~condition weand dochanges ~~not have any retained or contingent interest~~ in ~~assets~~financial ~~transferred~~condition ~~to an unconsolidated entity that serves as credit, liquidity or market risk support to such entity. We do not have any variable interest~~ in ~~any~~2010 ~~unconsolidated entity that provides financing, liquidity, market risk~~ or ~~credit support to us or engages in leasing, hedging or research and development services with us~~2009.

16Capital Requirements

~~ITEM~~In 32010 and 2009, the Company raised significant financing by issuing promissory notes and equity securities, respectively. ~~QUANTITATIVE~~Management ~~AND~~has ~~QUALITATIVE~~determined ~~DISCLOSURES~~that ~~ABOUT~~additional ~~MARKET~~financing ~~RISKS~~is necessary. However, we may not be able to continue to find adequate sources of financing in the future. Our wind energy business involves very significant capital requirements.

~~We are a smaller reporting company as defined by rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.~~5

~~ITEM~~Impact 4.of ~~CONTROLS AND PROCEDURES~~Inflation

We believe that inflation has had a negligible effect on operations during the three months ended September 30, 2010 and 2009, respectively.

Dividends

We do not expect to pay dividends for the foreseeable future. As a result, you could lose your entire investment in the Company.

Critical Accounting Policies and Estimates

In October 2009, the Financial Accounting Standards Board (FASB) issued amended revenue recognition guidance for arrangements with multiple deliverables. The new guidance eliminates the residual method of revenue recognition and allows the use of management’s best estimate of selling price for individual elements of an arrangement when vendor specific objective evidence (VSOE), vendor objective evidence (VOE) or third-party evidence (TPE) is unavailable. For the company, this guidance is effective for all new or materially modified arrangements entered into on or after July 1, 2011 with earlier application permitted as of the beginning of a fiscal year. Full retrospective application of the new guidance is optional. The company is currently assessing its implementation of this new guidance, but does not expect a material impact on the consolidated financial statements.

In October 2009, the FASB issued guidance which amends the scope of existing software revenue recognition accounting. Tangible products containing software components and non-software components that function together to deliver the product’s essential functionality would be scoped out of the accounting guidance on software and accounted for based on other appropriate revenue recognition guidance. For the company, this guidance is effective for all new or materially modified arrangements entered into on or after July 1, 2011 with earlier application permitted as of the beginning of a fiscal year. Full retrospective application of the new guidance is optional. This guidance must be adopted in the same period that the company adopts the amended accounting for arrangements with multiple deliverables described in the preceding paragraph. The company is currently assessing its implementation of this new guidance, but does not expect a material impact on the consolidated financial statements.

On October 1, 2009, the company adopted the revised FASB guidance regarding business combinations which was required to be applied to business combinations on a prospective basis. The revised guidance requires that the acquisition method of accounting be applied to a broader set of business combinations, amends the definition of a business combination, provides a definition of a business, requires an acquirer to recognize an acquired business at its fair value at the acquisition date and requires the assets and liabilities assumed in a business combination to be measured and recognized at their fair values as of the acquisition date (with limited exceptions). There was no impact upon adoption and the effects of this guidance will depend on the nature and significance of business combinations occurring after the effective date.

In June 2009, the FASB issued amendments to the accounting rules for variable interest entities (VIEs) and for transfers of financial assets. The new guidance for VIEs eliminates the quantitative approach previously required for determining the primary beneficiary of a variable interest entity and requires ongoing qualitative reassessments of whether an enterprise is the primary beneficiary. In addition, qualifying special purpose entities (QSPEs) are no longer exempt from consolidation under the amended guidance. The amendments also limit the circumstances in which a financial asset, or a portion of a financial asset, should be derecognized when the transferor has not transferred the entire original financial asset to an entity that is not consolidated with the transferor in the financial statements being presented, and/or when the transferor has continuing involvement with the transferred financial asset. The company will adopt these amendments for interim and annual reporting periods beginning on July 1, 2010. The company does not expect the adoption of these amendments to have a material impact on the consolidated financial statements.

Item 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

~~We carried~~Our ~~out~~management anis ~~evaluation,~~responsible ~~under~~for ~~the~~establishing ~~supervision~~ and ~~with~~maintaining ~~the~~a ~~participation~~system of ~~our~~ ~~management,~~disclosure ~~including~~controls ~~our~~and ~~Chief~~procedures ~~Executive~~(as ~~Officer~~defined ~~along~~in ~~with~~Rule ~~our~~13a-15(e)) ~~Chief Financial~~under ~~Officer,~~the ofExchange ~~the~~Act) ~~effectiveness~~that ofis ~~the~~designed ~~design~~to ofensure ~~our~~that ~~disclosure~~information ~~controls and~~required ~~procedures~~to ~~(as~~be ~~defined~~disclosed by ~~Exchange~~the ~~Act~~Company ~~Rule~~in ~~13a-15(e)~~the ~~and~~reports ~~15a-15(e))~~that aswe ~~of March~~file ~~31,~~or ~~2010~~submit ~~pursuant~~under tothe Exchange Act ~~Rule~~is ~~13a-15. Based~~recorded, ~~upon that evaluation~~processed, ~~our~~summarized ~~Principal~~and ~~Executive~~reported, ~~Officer~~within ~~along~~the ~~with~~time ~~our~~specified ~~Principal~~in ~~Financial Officer~~the ~~concluded~~Commission's ~~that~~rules ~~our~~and ~~disclosure~~forms. Disclosure controls and procedures ~~are~~include, ~~effective~~without ~~as of~~limitation, ~~the~~controls ~~end~~and ofprocedures ~~the~~designed ~~period~~to ~~covered~~ensure ~~by this report in ensuring~~ that information required to be disclosed by usan issuer in the reports that weit ~~file~~files or ~~submit~~submits under the Exchange Act is ~~recorded,~~accumulated ~~processed~~and communicated to the issuer's management, ~~summarized~~including its principal executive officer or officers and ~~reported~~principal ~~within~~financial ~~the~~officer ~~time periods~~or ~~specified~~officers, inor ~~the~~persons ~~Securities~~performing ~~and~~similar ~~Exchange~~functions, ~~Commission’s~~as ~~rules~~appropriate ~~and forms~~to allow timely decisions regarding required disclosure.

~~Changes in~~Pursuant ~~Internal~~to ~~Control~~Rule ~~Over~~13a-15(b) under the Exchange Act, the Company carried out an evaluation with the participation of the Company’s management, the Company’s Chief Executive Officer and Chief Financial ~~Reporting~~Officer, of the effectiveness of the Company’s disclosure controls and procedures (as defined under Rule 13a-15(e) under the Exchange Act) as of the nine months ended June 30, 2010. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that as of September 30, 2010, our disclosure controls and procedures were not effective at the reasonable assurance level due to the material weaknesses described below.

~~There were~~In nolight ~~changes~~of ~~in our internal controls over financial reporting that occurred during~~ the ~~three~~material ~~months~~weaknesses ~~ended~~described ~~March 31~~below, ~~2010~~we ~~that~~performed ~~have~~additional ~~materially~~analysis ~~affected,~~and ~~or are~~other ~~reasonably~~post ~~likely~~closing procedures to ~~materially~~ensure ~~affect,~~ our ~~internal controls over~~ financial ~~reporting.~~ Westatements ~~believe~~were ~~that~~prepared ain ~~control~~accordance ~~system,~~with nogenerally ~~matter~~accepted ~~how~~accounting ~~well~~principles. ~~designed and operated~~Accordingly, ~~cannot~~we ~~provide~~believe ~~absolute assurance~~ that the ~~objectives~~financial ofstatements ~~the~~included ~~control system~~in ~~are~~this ~~met,~~report ~~and~~fairly nopresent, ~~evaluation~~in ofall ~~controls~~material ~~can~~respects, ~~provide~~our ~~absolute~~financial ~~assurance that~~condition, ~~all~~results ~~control~~of ~~issues~~operations and ~~instances~~cash offlows ~~fraud,~~for ifthe ~~any,~~periods ~~within any company have been detected~~presented.

~~Limitations on~~A material weakness is a control deficiency (within the ~~Effectiveness~~meaning of ~~Controls~~the Public Company Accounting Oversight Board (PCAOB) Auditing Standard No. 5) or combination of control deficiencies, such that there is a reasonable possibility that a material misstatement of the annual or interim financial statements will not be prevented or detected. Management has identified the following three material weaknesses which have caused management to conclude that, as of June 30, 2010, our disclosure controls and procedures were not effective, including (i) the number of audit adjustments recorded for the fiscal year ended September 30, 2009 and 2008, (ii) a lack of segregation of duties, and (iii) weaknesses related to document control.

~~Because of~~Remediation ~~its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Projections~~ of ~~any~~Material evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. All internal control systems, no matter how well designed, have inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation.Weaknesses

~~PART II~~To remediate the material weaknesses in our disclosure controls and procedures identified above, we are developing a plan to ensure that all information will be recorded, processed, summarized and reported accurately, and as of the date of this report, we have taken the following steps to address the above-referenced ~~OTHER~~material ~~INFORMATION~~weaknesses in our internal control over financial reporting:

ITEM 1. LEGAL PROCEEDINGS

	1.	We will continue to educate our management personnel to comply with the disclosure requirements of Securities Exchange Act of 1934 and Regulation S-K; and

	2.	We will increase management oversight of accounting and reporting functions in the future.

~~None.~~CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING

~~ITEM~~No ~~1A.~~changes ~~RISK~~in ~~FACTORS~~the Company's internal control over financial reporting have come to management's attention during the Company's last fiscal quarter that have materially affected, or are likely to materially affect, the Company's internal control over financial reporting.

~~Not applicable.~~7

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

We may be involved in litigation, negotiation and settlement matters that may occur in our day-to-day operations. Management does not believe the implication of this type of litigation will have a material impact on our consolidated financial statements.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

~~During the nine months ended March 31, 2010, the Company issued the following convertible promissory notes:~~None

~~(i)~~ITEM A3. ~~convertible~~DEFAULTS ~~promissory~~UPON ~~note~~SENIOR ~~dated January 2, 2010, to Coach Capital LLC (“Coach Capital”) for $74,194, payable upon demand~~SECURITIES.

(ii) A convertible promissory note dated January 8, 2010, to Coach Capital for $2,047, payable upon demand.

(iii) A convertible promissory note dated February 16, 2010, to Coach Capital for $12,718, payable upon demand.

(iv) A convertible promissory note dated March 31, 2010, to Quarray Bay Capital LLC (“Quarry Bay”) for $48,094, payable upon demand.

The holders of the notes may, at their option, convert all or any part of the indebtedness owing under the notes into the Company securities at such rate as that being offered to investors at the time of conversion. The note agreements included no conversion price and therefore, the number of shares of common stock the Company will issue upon conversion of the promissory notes cannot be computed until the noteholders elect to convert the notes into common stock of the Company. We issued the convertible promissory notes in reliance on Section 506 of Regulation D and/or Regulation S of the Securities Act, and comparable exemptions for sales to “accredited” investors under state securities laws.

Subsequent to March 31, 2010, on April 30, 2010, the Company issued a convertible promissory note to Quarry Bay in the amount of $200,000. The note is payable upon demand. Quarry Bay may at its option convert all or any part of the indebtedness owing under this note into Company securities at such rate as that being offered to investors at the time of conversion. The note agreement included no conversion price and therefore, the number of shares of common stock the Company will issue upon conversion of the promissory note cannot be computed until the Quarry Bay elects to convert the note into common stock of the Company. We issued the convertible promissory note to Quarry Bay in reliance on Section 506 of Regulation D and/or Regulation S of the Securities Act, and comparable exemptions for sales to “accredited” investors under state securities laws.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. ~~REMOVED~~SUBMISSION ~~AND~~OF ~~RESERVED~~MATTERS TO A VOTE OF SECURITY HOLDERS.

ITEM 5. OTHER INFORMATION

None.

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS

Exhibit Number		Description
3.1		Articles of Incorporation of the Registrant, dated June 2, 2008, (incorporated by reference to Exhibit 3.1 of the Registrant’s Registration Statement on Form S-1 filed on September 12, 2008).
3.1(a)		Amendment to Articles of Incorporation (incorporated by reference to Exhibit 3.1 of the Registrant’s Current Report on Form 8-K filed on February 9, 2010).
3.2		By-laws of the Registrant (incorporated by reference to Exhibit 3.2 of Registrant’s Registration Statement on Form S-1 filed on September 12, 2008).
4.1		Form of Stock Specimen (incorporated by reference to Exhibit 4.1 of Registrant’s Registration Statement on Form S-1 filed on September 12, 2008).
31.1		Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2		Certification of Principal Financial Officer and Principal Accounting Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1		Certification of Principal Executive Officer pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2		Certification of Principal Financial Officer and Principal Accounting Officer pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

(a) Exhibits

1831.1 Certification of Principal Executive Officer Required Under Section 302 of Sarbanes-Oxley Act of 2002

31.2 Certification of Principal Financial Officer Required Under Section 302 of Sarbanes-Oxley Act of 2002

32.1 Certification of Principal Executive Officer Required Under Section 906 of Sarbanes-Oxley Act of 2002

32.2 Certification of Principal Financial Officer Required Under Section 906 of Sarbanes-Oxley Act of 2002

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	FAR EAST WIND POWER CORP.
Date: May 21, 2010	/s/ John J. Lennon
Date: November 22, 2010	By:	/s/ Xiaobu Liu
	Name: John J. Lennon
		Xiaobu Liu
	Title: Chief Financial Officer
		Chief Executive Officer, President and Chairman of the Board of Directors (Principal Executive Officer
	(Principal Financial Officer and Principal Accounting Officer)



Date: November 22, 2010	By:	/s/ James T. Crane
		James T. Crane
		Chief Financial Officer
		(Principal Financial and Accounting Officer)

Filing Compare · Far East Wind Power Corp.