EX-99.3 5 doc3.txt Exhibit 99.3 PRO FORMA FINANCIAL INFORMATION Assuming the share exchange was completed as of the beginning of 2003, China Granite Corporation would be the legal parent of Laizhou Jia Sheng Stone Company. For accounting purposes, Laizhou Jia Sheng Stone Company will be the accounting acquirer and its financial information will be reported from the effective date of the share exchange forward. Accordingly, the operations of China Granite Corporation will no longer be reported after December 31, 2003, and all historical financial information and results of operations will be that of Laizhou Jia Sheng Stone Company. Laizhou Jia Sheng Stone Company was formed in January 2003. The pro forma operations information included herein for the combined companies is for the period from January 9, 2003 through December 31, 2003 for Laizhou Jia Sheng Stone Company, and the year ended December 31, 2003 for China Granite Corporation. The pro forma combined balance sheet is presented as of December 31, 2003. For the year ended December 31, 2003, the pro forma combined results of operations of the two companies would have reflected net income of $594,544 as a result of the $236,578 loss of China Granite Corporation, and the $831,122 net income of Laizhou Jia Sheng Stone Company. The pro forma earnings per share for the year ended December 31, 2003 was $.05.

CHINA GRANITE CORP 8-K/A