SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

~~[x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15~~(d)Mark ~~OF THE~~One)

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

For the ~~Quarterly~~quarterly period ended ~~February~~ 28June 30, 2011

~~[] TRANSITION REPORT PURSUANT TO SECTION 13~~ OR ~~15(d) OF THE~~

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

~~Commission~~From ~~File~~the ~~No.~~transition ~~000-53106~~period from ___________ to ____________.

~~TRANSIT~~Commission ~~MANAGEMENT~~File ~~HOLDING~~Number ~~CORP.~~000-52235

~~(Exact~~CHINA ~~Name~~GREEN ofLIGHTING ~~Small Business Issuer as specified in its charter)~~LIMITED

Colorado	26-0812035
(State or other jurisdiction	(IRS Employer File Number)
	of incorporation)

(Exact name of small business issuer as specified in its charter)

3176 South Peoria Ct.
Colorado		26-0812035
Aurora, Colorado	80014
(State or other jurisdiction of incorporation or organization)		(IRS Employer Identification No.)
(Address of principal executive offices)	(zip code)

~~(303)~~No. ~~596-0566~~18, Seventh Xinggong Road,

~~(Registrant's~~Jiangdong ~~telephone number~~District, ~~including~~Jiangshan ~~area code)~~City,

~~Indicate~~Zhejiang, byPeople’s ~~check~~Republic ~~mark whether the registrant: (1) filed all reports required to be filed by Section 13 or 15(d)~~ of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]China

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(Section 232.405 of this chapter) during the preceding 12 months(or such shorter period that the registrant was required to submit and post such files. Yes [] No [ ]324019

~~Indicate~~ (Address ~~by check mark whether the registrant is a large accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions~~ of ~~“large~~principal ~~accelerated~~executive ~~filer,” “accelerated filer,” and “small reporting company” in Rule 12b-2 of the Exchange Act.~~offices)

~~Large accelerated filer [] Accelerated filer [] Non-accelerated filer []~~ +86 (~~Do not check if a smaller reporting company~~570) ~~Smaller reporting company [X]~~ 435-2001

~~Indicate by check mark whether the registrant is a shell company~~ (asIssuer's ~~defined~~telephone ~~in Rule 12b-2 of the Exchange Act~~number) ~~Yes [ ] No [X]~~

~~As of February 28, 2011, registrant had outstanding 22,225,200 shares of the registrant's common stock.~~ N/A

(Former name, former address and former fiscal year, if changed since last report)

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

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 ¨ No ¨

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

Large accelerated

filer ¨

Accelerated filer ¨

Non-accelerated filer ¨

(Do not check if a smaller

reporting company)

Smaller reporting

company x

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

As of August 16, 2011, there were 40,202,200 shares of common stock of the issuer outstanding.

CHINA GREEN LIGHTING LIMITED

FORM 10-Q

~~TRANSIT~~Quarterly ~~MANAGEMENT~~Period ~~HOLDING~~Ended ~~CORP.~~June 30, 2011

TABLE OF CONTENTS

PART I FINANCIAL INFORMATION	Page
PART I – FINANCIAL INFORMATION
Item 1. Financial Statements for the period ended February 28, 2011
Item 1.Unaudited Condensed Consolidated Financial Statements		F-1 - F-23
Consolidated Balance Sheets	5
Condensed Consolidated Balance Sheets at June 30, 2011 (Unaudited) and December 31, 2010		F-1
Consolidated Statements of Operations (Unaudited)	6
Condensed Consolidated Statements of Income and Comprehensive Income for the Three Months and Six Months Ended June 30, 2011 and 2010 (Unaudited)		F-2
Consolidated Statement of Shareholders' Equity	7
Condensed Consolidated Statements of Changes in Stockholder's Equity for the Six Months ended June 30, 2011 (Unaudited)		F-3
Consolidated Statements of Cash Flows (Unaudited)	8
Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2011 and 2010 (Unaudited)		F-4
Notes to Unaudited Financial Statements	9
Notes to Unaudited Condensed Consolidated Financial Statements		F-5
Item 2. Management’s Discussion and Analysis and Plan of Operation	10
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations		24 - 28
Item 3. Quantitative and Qualitative Disclosures About Market Risk	14
Item 3. Quantitative and Qualitative Disclosures about Market Risk		28
Item 4. Controls and Procedures	14	28
Item 4T. Controls and Procedures	14
PART II – OTHER INFORMATION
PART II OTHER INFORMATION
Item 1. Legal Proceedings		30
Item 1. Legal Proceedings	14
Item 1A. Risk Factors		30
Item 1A. Risk Factors	14
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds		30
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	18
Item 3. Defaults upon Senior Securities		30
Item 3. Defaults Upon Senior Securities	18
Item 4. Reserved		30
Item 4. Submission of Matters to a Vote of Security Holders	18
Item 5. Other Information		30
Item 5. Other Information	18
Item 6. Exhibits		30
Item 6. Exhibits	19
SIGNATURES		31
Signatures	20

-Part 2I Financial -Information

~~PART~~Item I1. ~~FINANCIAL~~Unaudited ~~INFORMATION~~Condensed Consolidated Financial Statements

~~References~~CHINA inGREEN ~~this~~LIGHTING ~~document to "us," "we," or "Company" refer to TRANSIT MANAGEMENT HOLDING CORP. and our subsidiary, Transit Management, Inc.~~LIMITED

~~ITEM~~CONDENSED 1.CONSOLIDATED ~~FINANCIAL~~BALANCE ~~STATEMENTS~~SHEETS

~~TRANSIT~~(Amounts ~~MANAGEMENT~~Expressed ~~HOLDING~~in ~~CORP.~~US Dollar)

CONSOLIDATED FINANCIAL STATEMENTS

	June 30, 2011 Unaudited		December 31, 2010
ASSETS
Current Assets
Cash and cash equivalents	$	510,245	$	657,572
Restricted cash		309,033		-
Notes receivables		112,025		-
Accounts receivable from unrelated parties, net of allowance for doubtful accounts of $269,142 and $43,134 as of June 30, 2011 and December 31, 2010, respectively		1,616,850		2,730,995
Non trade receivable from an unrelated party		463,550		104,108
Non trade receivable from a related party		-		603,423
Refundable deposit		927,099		-
Prepayments to suppliers – unrelated parties		388,809		121,105
Prepayments to suppliers – a related party		937,511		545,885
Inventories		1,502,748		1,010,633
Prepaid expenses and other current assets		144,639		140,748
Total current assets		6,912,509		5,914,469
Property, plant and equipment - net		1,010,844		1,001,713
Intangible assets - net		266,166		262,923
Total Assets	$	8,189,519	$	7,179,105
LIABILITIES AND EQUITY
Current Liabilities
Short-term loans	$	2,317,747	$	1,207,967
Notes payable – a related party		772,583		-
Accounts payable to unrelated parties		2,169,141		3,017,014
Accounts payable to related parties		57,359		-
Advances from customers		237,971		4,784
Income and other taxes payable		531,637		665,475
Accrued expenses and other current liabilities		56,348		134,920
Total current liabilities		6,142,786		5,030,160
Equity
Common stock, ($0.001 par value, Authorized 50,000,000 shares; 40,202,200 shares issued and outstanding June 30,2011; 39,200,000 shares issued and outstanding December 31, 2010)		40,202		39,200
Additional paid-in-capital		1,027,950		343,790
Statutory reserves		172,216		172,216
Retained earnings		671,370		1,507,743
Accumulated other comprehensive income		134,995		85,996
Total Equity		2,046,733		2,148,945
Total Liabilities and Equity	$	8,189,519	$	7,179,105

See accompanying notes to these condensed consolidated financial statements

F-1

CHINA GREEN LIGHTING LIMITED

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

(Amounts Expressed in US Dollar)

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
	Unaudited			Unaudited			Unaudited			Unaudited
Net sales	$	1,861,885		$	4,804,703		$	3,570,228		$	6,922,293
Cost of sales		1,571,560			4,462,794			3,031,218			6,260,823
Gross Profit		290,325			341,909			539,010			661,470
Operating expense:
Selling and marketing		21,351			35,918			41,369			77,842
General and administrative		1,150,414			157,640			1,277,759			323,025
Total operating expenses		1,171,765			193,558			1,319,128			400,867
(Loss) income from operations		(881,440	)		148,351			(780,118	)		260,603
Other income (expenses):
Other income (expenses)		14,680			69,996			11,902			47,451
Interest income		713			535			3,772			859
Interest expense		(37,881	)		(14,904	)		(54,078	)	(32,046		)
Total other income (expenses), net		(22,488	)		55,627			(38,404	)		16,264
(Loss) income before provision for income taxes		(903,928	)		203,978			(818,522	)		276,867
Income taxes		5,377			30,597			17,851			41,530
Net (loss) income	$	(909,305	)	$	173,381		$	(836,373	)	$	235,337
Other comprehensive income:
Foreign currency translation adjustment		27,087			2,756			48,999			2,820
Comprehensive (loss) income	$	(882,218	)	$	176,137		$	(787,374	)	$	238,157
Net (loss) income per share:
Basic and diluted	$	(0.023	)	$	0.004		$	(0.021	)	$	0.006
Weighted average number of ordinary shares outstanding:
Basic and diluted		39,739,645			39,200,000			39,471,313			39,200,000

See accompanying notes to these condensed consolidated financial statements

F-2

CHINA GREEN LIGHTING LIMITED

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDER'S EQUITY

Unaudited

(Amounts Expressed in US Dollar)

					Additional								Accumulated other		Total
	Common stock				paid-in-			Statutory		Retained			comprehensive		stockholders'
	Shares		Amount		capital			reserves		earnings			income		equity

BALANCE, January 1, 2011		39,200,000	$	39,200	$	343,790		$	172,216	$	1,507,743		$	85,996	$	2,148,945
Reverse merger transaction:
Elimination of accumulated deficit		-		-		(63,111	)		-		-			-		(63,111	)
Previously issued TRMH stock		302,200		302		62,809			-		-			-		63,111
Shares issued in merger		700,000		700		(700	)		-		-			-		-
Merger cost		-		-		685,162			-		-			-		685,162
Net loss		-		-		-			-		(836,373	)		-		(836,373	)
Transfer to statutory reserves		-		-		-			-		-			-		-
Foreign currency translation adjustment		-		-		-			-		-			48,999		48,999
BALANCE, June 30, 2011		40,202,200	$	40,202	$	1,027,950		$	172,216	$	671,370		$	134,995	$	2,046,733

See notes accompanying to these condensed consolidated financial statements

F-3

CHINA GREEN LIGHTING LIMITED

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Amounts Expressed in US Dollar)

	Six months ended June 30,
	2011 Unaudited			2010 Unaudited

Cash flows from operating activities:
Net (loss) income	$	(836,373	)	$	235,337
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization		67,830			36,545
Bad debt expense		222,976			-
Merger cost		685,162			-
Changes in operating assets and liabilities
Notes receivable		(111,016	)		-
Accounts receivable from unrelated parties		944,241			(625,798	)
Accounts receivable from related parties		-			803,968
Prepayments to suppliers – unrelated parties		(262,495	)		(115,589	)
Prepayments to suppliers – a related party		(375,487	)		117,392
Inventories		(464,332	)		(201,624	)
Prepaid expenses and other current assets		(605	)		(323,949	)
Notes payable – a related party		765,626			-
Accounts payable to unrelated parties		(910,193	)		657,173
Accounts payable to a related party		57,359			745,868
Advances from customers		230,976			259,874
Income and other taxes payable		(148,011	)		22,512
Accrued expenses and other current liabilities		(80,982	)		208,361
Net cash (used in) provided by operating activities		(215,324	)		1,820,070

Cash flows from investing activities:
Placement of refundable deposit		(918,752	)		-
Purchase of property, plant and equipment		(50,870	)		(95,965	)
Advance to non-trade receivable		-			(1,100,549	)
Repayment of non trade receivable		258,133			-
Net cash used in investing activities		(711,489	)		(1,196,514	)

Cash flows from financing activities:
Proceeds from short-term loans		2,296,879			-
Repayment of short-term loans		(1,225,002	)		-
Increase in restricted cash		(306,251	)		-
Net cash provided by financing activities		765,626			-

Effect of exchange rate changes on cash and cash equivalents		13,860			4,387

Net (decrease) increase in cash and cash equivalents		(147,327	)		627,943
Cash and cash equivalents, beginning of period		657,572			378,273
Cash and cash equivalents, end of period	$	510,245		$	1,006,216

Supplemental disclosure of cash flow information:
Cash paid for interest	$	54,568		$	32,159
Cash paid for income taxes	$	90,140		$	30,240

See accompanying notes to these condensed consolidated financial statements

F-4

CHINA GREEN LIGHTING LIMTIED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2011 AND 2010

(Unaudited)

~~Quarter~~1. ~~Ended~~Company ~~February 28, 2011~~Background

-China 3Green -Lighting Limited (the “Company”) (formerly named Transit Management Holding Corp. (“TRMH”)) is incorporated in the State of Colorado. TRMH was a public shell company with no operations. On May 13 2011, (the “Closing Date”), the Company closed a voluntary share exchange transaction (the “Share Exchange”) with China Green Lighting Limited (“CGL”), a company organized under the laws of the British Virgin Islands. The Share Exchange Agreement dated May 13, 2011 (the “Exchange Agreement”) was signed by TRMH, a majority shareholder of TRMH, CGL and the shareholders of CGL. Pursuant to the Exchange Agreement, (i) TRMH acquired 100% of the issued and outstanding capital stock of CGL, in exchange of 39,200 shares of Series “A” Convertible Preferred Stock; and (ii) the former principal stockholders of TRMH surrendered 21,923,000 shares of the Company’s common stock then outstanding in exchange for 700 shares of Series “A” Convertible Preferred Stock, so that immediately prior to the Share Exchange, TRMH had 302,200 shares of common stock issued and outstanding. Each share of Series “A” Convertible Preferred Stock was convertible into 1,000 shares of common stock, $0.001 par value. The Share Exchange resulted in a change in control of TRMH.

~~Transit~~On ~~Management~~July ~~Holding~~8, ~~Corp~~2011, the Company’s corporate name was changed to “China Green Lighting Limited”.

~~Consolidated~~The ~~Financial~~Share ~~Statements~~Exchange has been accounted for as a reverse acquisition. These transactions are considered to be capital transactions in substance, rather than business combinations. Accordingly, the Share Exchange has been accounted for as a recapitalization and, for accounting purposes, CGL is deemed to be the accounting acquirer (legal acquiree) and TRMH to be the accounting acquiree (legal acquirer). The financial statements before the Share Exchange are those of CGL with results of TRMH being consolidated from the date of the Share Exchange. The equity section and earnings per share of the Company have been retroactively restated to reflect the reverse acquisition and no goodwill has been recorded. Costs incurred for the reverse acquisition amounted to $685,162 were paid by an existing stockholder of the Company. They were expensed and charged to additional paid-in capital as they were incurred on behalf of the Company.

TRMH’s historical accumulated deficit for the period prior to May 13, 2011, in the amount of $63,111, was eliminated against additional paid in capital, and the accompanying consolidated financial statements present the previously issued shares of TRMH’s common stock as having been issued pursuant to the Share Exchange Agreement on May 13, 2011. The shares of common stock of the Company issued to the CGL shareholders in the reverse merger are presented as having been outstanding since the original issuance of the shares.

CGL was incorporated on February 25, 2011 under the laws of the British Virginia Islands as a limited liability company. CGL is a holding company. CGL together with subsidiaries as discussed below is engaged in manufacturing fluorescent lamps for sales in America and Asia markets.

First Green Lighting Limited (“FGL”), wholly-owned by CGL was incorporated on March 9, 2011 under the laws of Hong Kong as limited liability company. FGL was established to set up a wholly-owned subsidiary in China: Jiangshan Green world Photoelectricity Consulting Co., Ltd. (“JGP”). JGP was established on May 4, 2011.

Zhejiang Joinan Lighting Co., Ltd. (“ZJL” or “VIE”) was incorporated on December 6, 2006 under the laws of the People’s Republic of China (PRC) as a limited liability company. ZJL has been engaged in the business of manufacturing and sales of fluorescent lamps since it started its operation in September, 2007.

As discussed below, JGP entered into various agreements with ZJL and/or its shareholders to allow JGP’s effective control over ZJL.

Exclusive Purchase Option Agreement: JGP has the option to purchase all of ZJL’s assets and ownership at any time at nominal value.

F-5

CHINA GREEN LIGHTING LIMTIED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2011 AND 2010

(Unaudited)

~~TABLE~~1. OFCompany ~~CONTENTS~~Background (Continued)

	Page
CONSOLIDATED FINANCIAL STATEMENTS
Consolidated balance sheets	5
Consolidated unaudited statement of operations	6
Consolidated statement of shareholders' equity	7
Consolidated unaudited statement of cash flows	8
Notes to unaudited financial statements	9

Consigned Management Agreement and Exclusive Technology Service Agreement, JGP is appointed as ZJL’s exclusive service provider to provide business support and related consulting services. JGP is to be paid consulting and service fee equal to 100% of the net profits of ZJL.

-Loan 4Agreement -and Equity Pledge Agreement, ZJL’s shareholders agreed to pledge their legal interest to JGP as a security for the obligations of ZJL under the exclusive technology services agreement and loan agreement.

~~TRANSIT~~Through ~~MANAGEMENT~~the ~~HOLDING~~above ~~CORP~~contractual agreements, the Company maintains substantial control over the ZJL’s daily operations and financial affairs, election of their senior executives and all matters requiring shareholder approval. As the primary beneficiary of ZJL, the Company is entitled to consolidate the financial results of ZJL in its own consolidated financial statements under Financial Accounting Standards Board Accounting Standard Codification (ASC) Topic 810 and related subtopics related to the consolidation of variable interest entities (collectively, “ASC Topic 810”).

~~Consolidated Balance Sheets~~F-6

(ACHINA ~~Development~~GREEN ~~Stage~~LIGHTING ~~Company)~~LIMTIED

	Unaudited			Audited
	February			November
		28, 2011			30, 2010
ASSETS
Current Assets:
Cash	$	201		$	201
Accounts receivable - related party		-			-
Total current assets		201			201
TOTAL ASSETS	$	201		$	201
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
LIABILITIES
Accounts payable	$	16,719		$	12,781
Accounts payable - related party		12,500			12,500
Interest payable - related party		7,597			6,547
Payroll taxes payable		-			-
Other current liablities - related party		-			-
Customer deposits		-			-
Current portion notes payable - related party		52,500			52,500
Total current liabilities		89,316			84,328
Long-Term Liabilities		-			-
TOTAL LIABILITIES	$	89,316		$	84,328
SHAREHOLDERS' EQUITY
Preferred stock, par value $.10 per share; Authorized
1,000,000 shares; issued and outstanding -0- shares.		-
Common Stock, par value $.001 per share; Authorized
50,000,000 shares; issued and outstanding 22,225,200 shares.		22,225			22,225
Capital paid in excess of par value		40,886			40,886
Deficit accumulated during the development stage		(152,226	)		(147,238	)
TOTAL SHAREHOLDERS' EQUITY		(89,115	)		(84,127	)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$	201		$	201

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

~~See~~FOR ~~Accompanying~~THE ~~Notes~~THREE ToAND ~~These~~SIX ~~Unaudited~~MONTHS ~~Financial~~ENDED ~~Statements.~~JUNE 30, 2011 AND 2010

~~- 5 -~~(Unaudited)

~~TRANSIT~~2. ~~MANAGEMENT~~Summary ~~HOLDING~~of ~~CORP.~~Significant Accounting Policies

~~Consolidated~~Principles ~~Unaudited~~of ~~Statement~~Consolidation Ofand ~~Operations~~Basis of Presentation

These interim condensed consolidated financial statements are unaudited. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these interim condensed consolidated financial statements have been included. The results reported in the condensed consolidated financial statements for any interim periods are not necessarily indicative of the results that may be reported for the entire year. The unaudited interim condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (A“SEC”). ~~Development~~Certain ~~Stage~~information and note disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to those rules and regulations, though the Company) believes that the disclosures made are adequate to make the information not misleading. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying footnotes of the Company for the year ended December 31, 2010, as well as the Company’s Form 8-K filed with the SEC.

	3 Months Ended February 28, 2011 (Unaudited)			3 Months Ended February 29, 2011 (Unaudited)			August 15, 2007 (inception) through February 28, 2011 (Unaudited)
Revenue	$	-		$	3,842		$	75,786
Operating expenses
Accounting		-			2,750			26,770
Automobile reimbursement		-			-			1,255
Bank charges		-			-			135
Consulting		-			-			29,528
Legal		-			-			40,350
Maintenance Supplies		-			1,204			7,540
Management fees		-			2,000			67,000
Meals & entertainment		-			-			1,318
Office		-			(44	)		9,753
Stock transfer fees		3,938			-			14,277
Taxes - payroll		-			311			6,239
Total General and administrative expenses		3,938			6,221			204,165
(Loss) before other expenses		(3,938	)		(2,379	)		(128,379	)
Other expenses - interest		(1,050	)		(5,873	)		(23,847	)
Net Income (Loss)	$	(4,988	)	$	(8,252	)	$	(152,226	)
Basic (Loss) Per Share	$	(0.00	)	$	(0.00	)	$	(0.01	)
Weighted Average Common Shares
Outstanding		22,225,200			22,225,200			22,225,200

These unaudited condensed consolidated financial statements include the financial statements of the Company and its subsidiaries and variable interest entity. All material inter-company transactions and balances have been eliminated in the consolidation.

~~See~~The ~~Accompanying~~Company ~~Notes~~has Toevaluated ~~These~~the ~~Unaudited~~relationship ~~Financial~~with ~~Statements~~ZJL and based on the result of the evaluation, believes that this entity is a variable interest entity and that they are the primary beneficiary of this entity. Consequently, the Company has included the results of operations of this variable interest entity in the condensed consolidated financial statements. The Company’s relationships with ZJL are governed by a series of contractual arrangements. Under PRC laws, ZJL is an independent legal person.

-The 6accounts of ZJL are consolidated in the accompanying financial statements pursuant to the Financial Accounting Standards Board Accounting Standard Codification (ASC) Topic 810 and related subtopics related to the consolidation of variable interest entities. The Company does not have any non-controlling interests in net income and accordingly, did not subtract any net income in calculating the net income attributable to the Company. Because of the contractual arrangements, the Company had a pecuniary interest in the VIE that require consolidation of the Company’s and the VIE’s financial statements.

~~TRANSIT~~Use ~~MANAGEMENT~~of ~~HOLDING CORP.~~Estimates

The preparation of financial statements in conformity with US (AGAAP ~~Development~~requires ~~Stage~~management ~~Company)~~to make estimates and assumptions that affect the amounts reported in the unaudited interim condensed consolidated financial statements and accompanying notes. Management believes that the estimates used in preparing its unaudited interim condensed consolidated financial statements are reasonable and prudent. Actual results could differ from these estimates. Significant estimates include the useful lives of property and equipment and intangible assets, assumptions used in assessing impairment for long-term assets and allowance for doubtful receivables.

~~Consolidated Statement of Shareholders' Equity~~F-7

	Number Of Common Shares Issued (1)		Common Stock		Capital Paid in Excess of Par Value		Retained Earnings (Deficit)			Total
Balance at August 15, 2007 (Inception)		-	$	-	$	-	$	-		$	-
August 15, 2007 issued 21,000,000 shares
for services val. at $21,000 or $.001 per share		21,000,000		21,000				-			21,000
August 16, 2007 issued 33,000
shares of par value $.001 common stock
for cash of $33 or $.001 per share.		33,000		33		-					33
August 16, 2007 issued 1,028,000
shares of par value $.001 common stock
for services valued at $1,028 or $.001 per share		1,028,000		1,028		-					1,028
October 19, 2007 issued 10,200
shares of par value $.001 common stock
for cash of $2,550 as part of a private
placement or $.25 per share.		10,200		10		2,540					2,550
November 27, 2007 issued 154,000
shares of par value $.001 common stock
for cash of $38,650 as part of a private
placement or $.25 per share.		154,000		154		38,346					38,500
Net Income (Loss)		-		-		-		(68,694	)		(68,694	)
Balance at November 30, 2007		22,225,200		22,225		40,886		(68,694	)		(5,583	)
Net Income (Loss)		-		-		-		(22,392	)		(22,392	)
Balance at November 30, 2008		22,225,200		22,225		40,886		(91,086	)		(27,975	)
Net Income (Loss)		-		-		-		(33,891	)		(33,891	)
Balance at November 30, 2009		22,225,200		22,225		40,886		(124,977	)		(61,866	)
Net Income (Loss)		-		-		-		(22,261	)		(22,261	)
Balance at November 30, 2010		22,225,200	$	22,225	$	40,886		(147,238	)	$	(84,127	)
Net Income (Loss)		-		-		-		(4,988	)		(4,988	)
Balance at February 28, 2011 (unaudited)		22,225,200	$	22,225	$	40,886	$	(152,226	)	$	(89,115	)

CHINA GREEN LIGHTING LIMTIED

~~See~~NOTES ~~Accompanying~~TO ~~Notes~~CONDENSED ToCONSOLIDATED ~~These~~FINANCIAL ~~Unaudited Financial Statements.~~ STATEMENTS

-FOR 7THE -THREE AND SIX MONTHS ENDED JUNE 30, 2011 AND 2010

~~TRANSIT MANAGEMENT HOLDING CORP.~~(Unaudited)

~~Consolidated~~2. ~~Unaudited~~Summary ~~Statement~~of OfSignificant ~~Cash~~Accounting ~~Flows~~Policies (Continued)

(ACash ~~Development~~and ~~Stage~~Cash ~~Company)~~Equivalents

	3 Months Ended February 28, 2009			3 Months Ended February 29, 2010			August 15, 2007 (inception) through February 28, 2011
	(Unaudited)			(Unaudited)			(Unaudited)
Net Income (Loss)	$	(4,988	)	$	(8,252	)	$	(152,226	)
Adjustments to reconcile decrease in net assets to net cash
provided by operating activities:
Stock issued for services		-			-			22,028
Interest acretion		1,050			5,250			17,300
(Increase) Decrease in accounts receivable		-			6,610			-
Increase (decrease) in accounts payable		3,938			(6,063	)		16,719
Increase in payroll taxes payable		-			-			-
Increase (Decrease) in other current liabilities		-			-			12,500
Increase in customer deposits		-			-			-
Increase in interest payable		-			622			6,547
Net cash (used) in operation activities		-			(1,833	)		(77,132	)
Cash flows from investing activities:
		-			-			-
Net cash (used) in investing activities		-			-			-
Net cash (used) in investing activities		-			-			-
Cash flows from financing activities:
Issuance of common stock		-			-			41,083
Notes payable		-			5,250			36,250
Net cash provided from financing activities		-			5,250			77,333
Net increase in cash		-			3,417			201
Cash at beginning of period		201			730			-
Cash at end of period	$	201		$	4,147		$	201
Supplementary Disclosure Of Cash Flow Information:
Stock issued for services	$	-		$	-		$	22,028
Cash paid for interest	$	-		$	-		$	-
Cash paid for income taxes	$	-		$	-		$	-

Cash and cash equivalents consist of all cash balances and all highly liquid investments with an original maturity of three months or less .Because of the short maturity of these investments, the carrying amounts approximate their fair value. Restricted cash is excluded from cash and cash equivalents. As of June 30, 2011 and December 31, 2010, almost all of the Company's cash and cash equivalents were denominated in Chinese Renminbi ("RMB") and were placed with banks in the PRC. The convertibility of RMB into other currencies and the remittance of these funds out of the PRC are subject to exchange control restrictions imposed by the PRC government.

~~See Accompanying Notes To These Unaudited Financial Statements.~~ onert

-Accounts ~~8 -~~Receivable

~~TRANSIT~~Accounts ~~MANAGEMENT~~receivable ~~HOLDING~~is ~~CORP~~stated at cost, net of an allowance for doubtful accounts. The Company maintains allowances for doubtful accounts for estimated losses resulting from the failure of customers to make required payments. The Company reviews the accounts receivable on a periodic basis and provides allowances where there is doubt as to the collectability of individual balances. In evaluating the collectability of individual receivable balances, the Company considers many factors, including the age of the balance, the customer’s payment history, its current credit-worthiness and current economic trends.

~~Notes To Unaudited Financial Statements~~Inventories

~~For~~Inventories ~~The~~are ~~Three~~stated ~~Month~~at ~~Interim~~the ~~Period~~lower ~~Ended~~of ~~February~~cost 28or the market. Cost is determined on a weighted average basis. Inventory consists of raw materials, ~~2011~~finished goods, and work-in-progress, which includes the cost of direct materials, labor, and manufacturing overhead cost allocation. Market value is determined by reference to selling prices in the ordinary course of business less the estimated costs necessary to make the sale. Management will write down the inventories to market value if it is below cost. Management also regularly evaluates the composition of its inventories to identify slow-moving and obsolete inventories to determine if a valuation allowance is required.

~~Note~~Property, 1Plant -and ~~Unaudited Financial Information~~Equipment

~~The unaudited financial information included for the three month interim period ended February 28~~ Property, ~~2011~~plant ~~was taken from the books~~ and ~~records~~equipment ~~without~~are ~~audit.~~stated ~~However,~~at ~~such~~cost ~~information~~less ~~reflects~~accumulated ~~all~~depreciation ~~adjustments,~~and ~~consisting~~accumulated ~~only~~impairment ~~of normal recurring adjustments~~losses, ~~which~~if ~~in the opinion of management are necessary to reflect properly the results of the interim periods presented~~any. The ~~results~~Company ofcomputes ~~operations~~depreciation ~~for~~using the ~~three~~straight-line ~~month~~method ~~interim period~~over ~~ended~~the ~~February~~estimated ~~28,~~useful ~~2011~~lives ~~are not necessarily indicative~~ of the ~~results~~assets ~~expected~~with ~~for~~a ~~the~~3%-5% ~~fiscal~~estimated ~~year~~residual ~~ended November 30, 2011~~value.

~~Note~~Estimated 2useful -lives ~~Financial~~of ~~Statements~~the Company’s assets are as follows:

For a complete set of footnotes, reference is made to the Company’s Report on Form 10-KSB for the year ended November 30, 2010 as filed with the Securities and Exchange Commission and the audited financial statements included therein.

Asset		Useful Life
Buildings		20 years
Production equipment		5-10 years
Transportation equipment		3-5 years
Office and testing equipment		3-5 years

-Gain 9or -losses on disposals are reflected as gain or loss in the period of disposal. The cost of improvements that extend the life of property and equipment are capitalized. These capitalized costs may include structural improvements, equipment and fixtures. All ordinary repair and maintenance costs are expensed as incurred.

~~ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION~~F-8

~~The~~CHINA ~~following~~GREEN ~~discussion~~LIGHTING of our financial condition and results of operations should be read in conjunction with, and is qualified in its entirety by, the consolidated financial statements and notes thereto included in, Item 1 in this Quarterly Report on Form 10-Q. This item contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those indicated in such forward-looking statements.LIMTIED

~~Forward-Looking~~NOTES ~~Statements~~TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

~~This~~FOR ~~Quarterly~~THE ~~Report~~THREE onAND ~~Form~~SIX ~~10-Q~~MONTHS ~~and~~ENDED ~~the~~JUNE ~~documents incorporated herein by reference contain forward-looking. Such forward-looking statements are based on current expectations~~30, ~~estimates,~~2011 ~~and~~AND projections about our industry, management beliefs, and certain assumptions made by our management. Words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", "estimates", variations of such words, and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict; therefore, actual results may differ materially from those expressed or forecasted in any such forward-looking statements. Unless required by law, we undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. However, readers should carefully review the risk factors set forth herein and in other reports and documents that we file from time to time with the Securities and Exchange Commission, particularly the Report on Form 10-K, Form 10-Q and any Current Reports on Form 8-K.2010

~~Overview and History~~(Unaudited)

~~Transit Management Holdings, Inc~~2. ~~was~~Summary ~~organized as a corporation under the laws~~ of ~~the~~Significant ~~State~~Accounting ofPolicies ~~Colorado on August 15, 2007.~~(Continued)

~~Our~~Intangible main focus is the management of property assets along high density corridors and transit areas which are currently being developed and re-developed near Light Rail transportation lines in the Denver, Colorado metropolitan area. We have been managing retail and residential property since 1999 as a sole proprietorship under our President, Mr. Zueger, although not with the same focus. Therefore, we consider ourselves to be a new company. We will not acquire or own any properties, but will only manage properties for fees paid to us by the owner of the managed property.Assets

InIntangible ~~August,~~assets ~~2007,~~include wethe ~~issued~~land ause ~~total~~rights. Land ofuse ~~22,061,000~~rights ~~restricted~~are ~~common~~being ~~shares~~amortized atusing athe ~~price~~straight-line ofmethod ~~$0.001~~over ~~for~~their ~~cash~~lease ~~and~~terms ~~past~~of ~~services~~50 years.

InValuation ~~November, 2007, we completed a private placement offering~~ of ~~our~~Long-Lived ~~common shares under the provisions of Rule 504 and analogous Colorado securities laws. We raised a total of $41,050 in this private placement offering and sold a total of 164,200 shares.~~Assets

~~Our~~The ~~headquarters~~Company ~~are~~reviews ~~located~~the atcarrying ~~3176~~value ~~South~~of ~~Peoria~~its Ctlong-lived assets, including plant and equipment and finite life intangibles whenever events or changes in circumstances indicate that the carrying value may not be recoverable. To the extent the estimated undiscounted future cash inflows attributable to the asset, ~~Aurora~~less estimated undiscounted future cash outflows, ~~Colorado~~are ~~80014~~less than the carrying amount, the Company recognizes an impairment loss in an amount equal to the difference between the carrying value of such assets and fair value. ~~Our~~ ~~phone~~No ~~number~~impairment atindicator ~~our~~was ~~headquarters~~noted isin ~~(303)596-0566~~the prior years or current period. ~~Our~~ ~~fiscal~~The ~~year~~Company ~~end~~reports assets for which there is ~~November~~a ~~30th~~committed disposition plan, whether through sale or abandonment, at the lower of carrying value or fair value less costs to sell. No such assets were identified in prior years or the current period.

~~Results~~Revenue ~~of Operations~~Recognition

The ~~following~~Company ~~discussion~~mainly ~~involves~~manufactures ~~our~~to ~~results~~sales oforders, ~~operations~~and ~~for~~its products are sold in markets in and outside China. Sales orders received in China may also be further resold by Chinese foreign trade companies to markets outside China. The Company may also provide production processing service whereas the ~~three~~only ~~months~~difference ~~ending~~with ~~February~~other ~~28,~~production ~~2011,~~service ~~for~~is that the ~~three~~raw ~~months~~materials ~~ending~~are ~~February~~provided 28by customers. Under those circumstances, ~~2010~~ the Company evaluates and ~~the~~determines ~~period~~whether ~~from~~sales ~~inception~~have ~~through~~been ~~February~~made 28to those Chinese foreign trade intermediaries or those production processing service customers, ~~2011~~and whether the customers are acting as principal or agent according to ASC605-45 “Principal Agent consideration”.

~~For~~The ~~the~~Company ~~three~~recognizes ~~months~~revenue ~~ended~~when ~~February~~the ~~28,~~consideration ~~2011,~~to webe ~~had~~received ~~total~~is ~~revenues~~fixed ofor ~~$-0-.~~determinable, ~~For~~products ~~the~~are ~~three~~delivered ~~months~~based ~~ended~~on ~~February~~the ~~28,~~terms ~~2010,~~of wesales ~~had~~contracts, ~~total~~and ~~revenues~~collectability ofis $3ensured,~~842.~~ ~~From~~in ~~inception~~compliance ~~through~~with ~~February~~ASC 28605-10, ~~2011,~~“Revenue ~~we had total revenues of $75,786~~Recognition”.

-Sales 10to -markets outside China are usually on FOB terms shipped from a nearby seaport in Eastern China. The Company recognizes revenue from these international sales as goods are shipped and clear review by the customs department of the Chinese government. Sales in China are delivered at customer designated locations in China. The Company recognizes revenue from these local sales when the title to products passes to customers. Title to the products passes to customers when the products are delivered and accepted by the customers.

~~Our~~The ~~operating~~Company ~~expenses~~is ~~consisted~~not ~~primarily~~obligated ~~of general and administrative expenses. General and administrative expenses~~ for ~~the~~any ~~three~~repurchase ~~months~~or ~~ended~~return ~~February~~of ~~28, 2011 were $3,938. General and administrative expenses for~~ the ~~three~~goods ~~months~~unless ~~ended~~there ~~February~~is ~~28,~~a ~~2010~~quality ~~were~~issue $6,221. General and administrative expenses were $204,165 for the period from inception through February 28, 2011. The major components of these general and administrative expenses were payments to consultants, professional fees, and maintenance supplies. While our general and administrative expenses will continue to be our largest expense item, we have brought this expense in line with ~~our revenues for~~ the ~~three months ending February 28~~products, ~~2011 and~~which wehas ~~believe~~not ~~that~~been inshown ~~the~~historically ~~coming fiscal year we can control this expense~~ as wean ~~reduce payments to consultants and professional fees~~issue.

WeThe ~~had~~Company apresents ~~net~~all ~~loss~~sales revenue net of ~~$4,988~~a ~~for~~value-added ~~the~~tax ~~three~~(“VAT”). ~~months~~The ~~ended~~Company’s ~~February~~products ~~28,~~sold ~~2011.~~in WeChina ~~had~~are generally subject to a ~~net~~Chinese ~~loss~~VAT of ~~$8,252~~17% ~~for~~of the ~~three~~sales ~~months~~price. ~~ended~~The ~~February~~VAT ~~28,~~payable ~~2010.~~may Webe ~~had~~offset aby ~~net~~VAT ~~loss~~paid ofby ~~$152,226~~the ~~for~~Company ~~the~~on ~~period~~purchased ~~from~~raw ~~inception~~materials ~~through~~and ~~February~~other ~~28,~~materials ~~2011~~included in producing the finished products.

WeShipping ~~believe~~and ~~that~~Handling overhead cost in current operations should remain fairly constant as revenues develop. Each dollar of revenue will have minimal offsetting overhead cost. If we can develop sufficient revenues, we could continue to be profitable for the remainder of the fiscal year.Costs

Shipping and handling costs were charged to expense when incurred. Shipping and handling costs are included in selling expenses in the unaudited condensed consolidated statements of income and comprehensive income and amounted to $29,213 and $63,572 for the six months ended June 30, 2011 and 2010, and $13,818 and $27,117 for the three months ended June 30, 2011 and 2010, respectively.

F-9

CHINA GREEN LIGHTING LIMTIED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2011 AND 2010

(Unaudited)

2.	Summary of Significant Accounting Policies (Continued)

Advertising and Promotion Costs

Advertising and promotion costs were charged to expense when incurred. Advertising and promotion costs are included in selling expenses in the unaudited condensed consolidated statements of income and comprehensive income and amounted to $9,224 and $301 for the six months ended June 30, 2011 and 2010, and $5,441 and $Nil for the three months ended June 30, 2011 and 2010, respectively.

Research and Development Expenses (R&D)

Research and development expenses include salaries for R&D staff, consultant fees, supplies and materials, as well as other overhead such as depreciation, facilities, utilities, and other R&D related expenses. The Company expenses costs for the development of new products and substantial enhancements to existing products as incurred.

Research and development costs recorded in general and administrative expenses were $126,566 and $115,831 for the six months ended June 30, 2011 and 2010, and $93,212 and $59,277 for the three months ended June 30, 2011 and 2010, respectively. No research and development expenses were capitalized during the six months ended June 30, 2011 and 2010. The Company does not pass along research and development expenses directly or indirectly to customers.

Foreign Currency Translation

The Company uses the United States dollar (“USD”) as its reporting currency. The functional currency of CGL and FGL is the USD, and the functional currency of FGL’s subsidiaries and VIE in China is the Renminbi (“RMB”). The Company converts their assets and liabilities using the exchange rate on the balance sheet date; and their revenues and expenses using a weighted average exchange rate for the reporting period. The Company reflects translation adjustments as “accumulated other comprehensive income (loss)” in stockholders’ equity.

Transaction gains and losses that arise from exchange rate fluctuations on transactions in a currency other than the functional currency are recognized as foreign currency transaction gain or loss, included in general and administrative expenses in the result of operations as incurred.

Translation of amounts from RMB into US$1 has been made at the following exchange rates for the respective periods:

	June 30, 2011		December 31, 2010
Balance sheet items, except for equity accounts	US$1=RMB6.4718		US$1=RMB6.6227

	Three months ended June 30,
	2011	2010
Items in the statements of income and cash flows	US$1=RMB6.4855	US$1=RMB6.8148

	Six months ended June 30,
	2011	2010
Items in the statements of income and cash flows	US$1=RMB6.5306	US$1=RMB6.8208

F-10

CHINA GREEN LIGHTING LIMTIED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2011 AND 2010

(Unaudited)

2.	Summary of Significant Accounting Policies (Continued)

Income Taxes

The Company accounts for income taxes in accordance with FASB ASC Topic 740. ASC Topic 740 requires an asset and liability approach for financial accounting and reporting for income taxes and allows recognition and measurement of deferred tax assets based upon the likelihood of realization of tax benefits in future years. Under the asset and liability approach, deferred taxes are provided for 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. A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Company is able to realize their benefits, or that future deductibility is uncertain.

The Company’s income tax returns are subject to examination by the Internal Revenue Service (“IRS”) and other tax authorities in the locations where it operates. The Company assesses potentially unfavorable outcomes of such examinations based on the criteria of ASC740-10-25-5 through 740-10-25-7 and 740-10-25-3 which became effective for fiscal years beginning after December 15, 2006. The interpretation prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by tax authorities. The amount recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement.

Earnings per Share

The Company reports earnings per share in accordance with provisions of FASB ASC Topic 260, “Earnings Per Share”. FASB ASC Topic 260 requires presentation of basic and diluted earnings per share in conjunction with the disclosure of the methodology used in computing such earnings per share. Basic earnings per share excludes dilution and is computed by dividing income available to common stockholders by the weighted average common shares outstanding during the period. Diluted earnings per share takes into account the potential dilutive effects of convertible securities (using the as-if converted method), and options and warrants and their equivalents (using treasury stock method).

All per share data including earnings per share has been retroactively restated to reflect the reverse acquisition consummated on May 13, 2011, whereby the 39,200,000 shares of common stock issued by TRMH (nominal acquirer) to the Company’s shareholder (nominal acquiree) are deemed to be the number of shares outstanding for the periods prior to the reverse acquisition. For periods after the reverse acquisition, the number of shares considered to be outstanding is the actual number of shares outstanding during those periods.

There were no dilutive instruments outstanding during the periods ended June 30, 2011 and 2010.

The following table is a reconciliation of the net (loss) income and the weighted average shares used in the computation of basic and diluted (loss) earnings per share for the periods presented.

	Three Months Ended June 30,					Six Months Ended June 30,
	2011			2010		2011			2010
Net (loss) income attributable to China Green Lighting Limited stockholders for the period – basic and diluted	$	(909,305	)	$	173,381	$	(836,373	)	$	235,337
Weighted average common stock outstanding		39,739,645			39,200,000		39,471,313			39,200,000
Net (loss) income – basic and diluted	$	(0.023	)	$	0.004	$	(0.021	)	$	0.006

F-11

CHINA GREEN LIGHTING LIMTIED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2011 AND 2010

(Unaudited)

2.	Summary of Significant Accounting Policies (Continued)

Comprehensive Income

FASB ASC Topic 220, Comprehensive Income, establishes standards for reporting and displaying comprehensive income and its components in the condensed consolidated financial statements. Comprehensive income is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. Accumulated other comprehensive income arose from foreign currency translation adjustments.

Fair Value Measurements

The Company’s financial instruments primarily consist of cash and cash equivalents, restricted cash, accounts receivable, accounts payable and short-term debts.

As of the balance sheet dates, the estimated fair values of the financial instruments were not materially different from their carrying values as presented due to the short maturities of these instruments and that the interest rates on the borrowing approximate those that would have been available for loans of similar remaining maturity and risk profile at the respective reporting periods.

ASC Topic 820, Fair Value Measurement and Discloses, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principle or most advantages market for the asset or liability in an orderly transaction between markets participants on the measurements date. The topic also establishes a fair value hierarchy which requires classification based on observable and unobservable inputs when measuring fair value. There are three levels of inputs that may be used to measure fair value:

Level 1— Quoted prices is active markets for identical assets or liabilities.

Level 2 – Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3— Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Determining which category an assets or liability falls within the hierarchy requires significant judgment. The Company evaluates its hierarchy disclosures each quarter. The carrying values of cash and cash equivalents, restricted cash, accounts receivable, accounts payable and short-term bank loans approximate fair values due to their short maturities. There were no assets or liabilities measured at fair value on a non-recurring basis as of June 30, 2011 and December 31, 2010.

Segments

The Company identifies segments by reference to its internal organization structure and the factors that management uses to make operating decisions and assess performance.

The Company has only one business segment, which is manufacturing of fluorescent lamps for sale in America and Asia markets.

F-12

CHINA GREEN LIGHTING LIMTIED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2011 AND 2010

(Unaudited)

2.	Summary of Significant Accounting Policies (Continued)

Recently Issued Accounting Pronouncements

In January 2011, the FASB issued ASU No. 2011-01- Receivables (Topic 310): Deferral of the Effective Date of Disclosures about Troubled Debt Restructurings in Update No. 2010-20. The amendments in this update temporarily delay the effective date of the disclosures about troubled debt restructurings in ASU No. 2010-20, Receivables (Topic 310): Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses, for public entities. The delay is intended to allow the FASB time to complete its deliberations on what constitutes a troubled debt restructuring. The effective date of the new disclosures about troubled debt restructurings for public entities and the guidance for determining what constitutes a troubled debt restructuring will then be coordinated. This deferral will have no material impact on the Company’s consolidated financial statements.

In January 2011, the FASB issued ASU No. 2011-02- Receivables (Topic 310): A Creditor’s Determination of Whether a Restructuring Is a Troubled Debt Restructuring. The amendments in this update provide additional guidance to assist creditors in determining whether a restructuring of a receivable meets the criteria to be considered a troubled debt restructuring. For public companies, the new guidance is effective for interim and annual periods beginning on or after June 15, 2011, and applies retrospectively to restructurings occurring on or after the beginning of the fiscal year of adoption within those annual periods. Early application is permitted. The adoption of the provisions in ASU 2011-02 will have no material impact on the Company’s consolidated financial statements.

In May 2011, the FASB issued ASU No. 2011-04 - Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S.GAAP and IFRSs. The amendments in this update intend to converge requirements for how to measure fair value and for disclosing information about fair value measurements in US GAAP with International Financial Reporting Standards. For public entities, this ASU is effective for interim and annual periods beginning after December 15, 2011. The adoption of the provisions in ASU 2011-04 will have no material impact on the Company’s consolidated financial statements.

In June 2011, the FASB issued ASU No. 2011-05 -Comprehensive Income (Topic 220): Presentation of Comprehensive Income. The amendments in this update require (i) that all non-owner changes in stockholders’ equity he presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements (the current option to present components of other comprehensive income (“OCI”) as part of the statement of changes in stockholders’ equity is eliminated); and (ii) presentation of reclassification adjustments from OCI to net income on the face of the financial statements. For public entities, the amendments in this ASU are effective for years, and interim periods within those years, beginning after December 15, 2011. The amendments in this update should be applied retrospectively. Early adoption is permitted. The adoption of the provisions in ASU 2011-05 will have no material impact on the Company’s consolidated financial statements.

Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Company’s consolidated financial statements upon adoption.

Reclassifications

Certain prior period amounts have been reclassified to conform to the current period presentation. These reclassifications have no impact on previously reported financial position, results of operations or cash flows.

F-13

CHINA GREEN LIGHTING LIMTIED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2011 AND 2010

(Unaudited)

3.	Restricted Cash

Restricted cash as of June 30, 2011 represented the Company's bank deposits held as collateral for the Company's credit facilities.

4.	Notes Receivable

Notes receivable arose from sale of goods and represented commercial notes issued by customers’ banks to the Company that were guaranteed by the customers’ bank. Notes receivable are interest-free with maturity dates of 3 to 6 months from date of issuance.

5.	Accounts Receivable, Net

Based on the Company’s assessment, management believes the net balance on each balance sheet date herein was collectable. The gross accounts receivable and allowance for doubtful debts as at June 30, 2011 and December 31, 2010 are as follows:

	June 30, 2011		December 31, 2010
Accounts receivable, gross	$	1,885,992	$	2,774,129
Less: allowance for doubtful debts		269,142		43,134

Accounts receivable, net	$	1,616,850	$	2,730,995

6.	Non-trade Receivable From an Unrelated Party

In December 2010, ZJL lent an amount of RMB3,000,000 (equivalent to $463,550), for a period from December 8, 2010 to December 1, 2011 and bearing floating interest at the prime rate of China Construction Bank Zhejiang Province Branch, to a related party of a 32% equity owner of ZJL. Since the 32% equity owner of ZJL transferred all her interests in ZJL during 2011, the balance, which was classified as non-trade receivable from a related party at December 31, 2010, was classified as non-trade receivable from an unrelated party at June 30, 2011.

ZJL at the same time obtained a short-term bank loan of RMB3,000,000 (equivalent to $463,550) from a commercial bank which was secured by a real estate property of that related party (see note 12).

Non-trade receivable from an unrelated party of $104,108 at December 31, 2010 was interest free and unsecured. The amount was fully repaid in 2011.

7.	Non-trade Receivable From a Related Party

	Note	June 30, 2011		December 31, 2010

A related party of a former 32% equity owner of ZJL	6	$	-	$	603,423

F-14

CHINA GREEN LIGHTING LIMTIED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2011 AND 2010

(Unaudited)

8.	Refundable Deposit

In the second quarter of 2011, the Company’s variable interest entity, ZJL, paid a refundable deposit of RMB6,000,000 (equivalent to $927,099) to a third party who helped identify potential targets for a business combination. As of June 30, 2011, a potential target was identified and through the assistance of that third party, ZJL was in the process of negotiating an agreement with the target. The Company expects that the deposit will be refunded within the next 12 months.

9.	Inventories

Inventories consisted of the following:

	June 30, 2011		December 31, 2010
Raw materials	$	664,878	$	408,215
Work-in-progress		55,035		86,113
Finished goods		772,203		516,305
Low value consumables		10,632		-

Totals	$	1,502,748	$	1,010,633

The Company reviews its inventory periodically for possible obsolete goods and to determine if any reserves are necessary for potential obsolescence. As of June 30, 2011 and December 31, 2010, the Company determined that no reserves were necessary.

10.	Property, Plant and Equipment, Net

Property, plant and equipment consist of the following:

	June 30,			December 31,
	2011			2010

Buildings	$	616,452		$	602,406
Production equipment		498,278			453,246
Transportation equipment		145,096			141,790
Office and testing equipment		103,406			84,565

Total property plant and equipment		1,363,232			1,282,007
Less: accumulated depreciation		(352,388	)		(280,294	)

Property, plant and equipment, net	$	1,010,844		$	1,001,713

The depreciation expense for the six months ended June 30, 2011 and 2010 amounted to $64,968 and $33,803, and $33,510 and $30,368 for the three months ended June 30, 2011 and 2010, respectively.

F-15

CHINA GREEN LIGHTING LIMTIED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2011 AND 2010

(Unaudited)

11.	Intangible Assets, net

The Company has recorded as intangible assets the lump sum payments paid to acquire long-term interests to utilize the land underlying the building and production facility. This type of arrangement is common for the use of land in the PRC. The land use rights are expensed on the straight-line basis over the term of the land use rights of 50 years.

The amounts expensed on prepaid land use rights were $2,862 and $2,742 for the six months ended June 30, 2011 and 2010, and $1,441 and $1,371 for the three months ended June 30, 2011 and 2010, respectively. The estimated expense of the prepaid land use rights over each of the next five years and thereafter is $5,724 per annum.

12.	Short-term Loans

Short-term bank loans consisted of the following:

	June 30,		December 31,
	2011		2010

Bank loan of RMB3,000,000 granted by China Construction Bank, Jiangshan Branch with an interest rate of 6.67% p.a., secured by a real estate property belonging to a related party of a former equity owner of ZJL (note 6) and maturing on December 1, 2011	$	463,550	$	452,987

Bank loan of RMB5,000,000 granted by China Construction Bank, Jiangshan Branch with an interest rate of 7.26% p.a., guaranteed by a related party “Zhejiang Lisheng Electronic Technology Company Limited” and maturing on May 8, 2012		772,582		-

Bank loan of RMB7,000,000 granted by China Construction Bank, Jiangshan Branch with an interest rate of 6.42% p.a., guaranteed by Mr. Zhu Jiangtu, the Chairman of the board of directors of the Company, secured by ZJL’s land use rights and buildings and an undertaking from ZJL to maintain a liability to asset ratio of not more than 65% (note). The loan is maturing on April 1, 2012		1,081,615		-

Bank loan of RMB5,000,000 granted by China Construction Bank, Jiangshan Branch with an interest rate of 5.84% p.a., and matured on May 24, 2011		-		754,980

	$	2,317,747	$	1,207,967

Note: As of June 30, 2011, ZJL’s liability to asset ratio was higher than 65% and the Company has informed the bank about this situation. The bank has agreed to loosen the ratio requirements.

F-16

CHINA GREEN LIGHTING LIMTIED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2011 AND 2010

(Unaudited)

12.	Short-term Loans (Continued)

The carrying values of land use rights and buildings being pledged to the bank as of June 30, 2011 were $266,166 and $536,184, respectively.

13.	Notes Payable

Notes payable arose from purchase of goods and represented commercial notes issued by the Company’s banks to suppliers that were guaranteed by the Company’s banks. Notes payable are interest-free with maturity dates of six months from date of issuance. The Company placed a restricted bank balance of $309,033 to secure against the bank acceptance services.

14.	Income and Other Taxes Payable

	June 30,		December 31,
	2011		2010

Value added tax	$	284,887		$	345,351
Income tax		243,515			313,070
Others		3,235			7,054

	$	531,637		$	665,475

F-17

CHINA GREEN LIGHTING LIMTIED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2011 AND 2010

(Unaudited)

15.	Income Taxes

The Company is subject to income taxes on entity basis on income arising in or derived from the tax jurisdictions in which each entity is domiciled.

No provision for other overseas taxes is made as neither the Company, CGL or FGL has any taxable income in the U.S., British Virgin Islands or Hong Kong, respectively.

According to China’s New Unified Enterprise Income Tax Law (“New EIT Law”), both domestic and foreign invested enterprises in China are subject to a unified enterprise income tax rate is 25%.

JGP and ZJL, being enterprises established in the PRC, are generally subject to PRC enterprise income tax (“EIT”). On July 30, 2010, ZJL was recognized as a high-tech company for a period of 3 years and is then subject to an EIT rate of 15% up to fiscal 2012.

The Company’s income tax expense consisted of the following:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2011		2010		2011		2010
Current:
PRC	$	5,377	$	30,597	$	17,851	$	41,530

F-18

CHINA GREEN LIGHTING LIMTIED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2011 AND 2010

(Unaudited)

15.	Income Taxes (Continued)

Income tax reconciliation for the three and six months ended June 30, 2011 and 2010 are as follows:

	For the Three Months				For the Six Months
	Ended June 30,				Ended June 30,
	2011		2010		2011		2010

Pre-tax (loss) income	$	(903,928)	$	203,978	$	(818,522)	$	276,867

United States federal corporate income tax rate		34%		34%		34%		34%
Income tax computed at United States statutory corporate income tax rate		(307,336)		69,352		(278,297)		94,134
Reconciling items:
Rate differential for earnings		22,124		(18,357)		14,501		(24,917)
Impact of tax holiday of ZJL		18,868		(20,398)		10,397		(27,687)
Non-deductible bad debt expense		33,680		-		33,445		-
Non-deductible merger costs		233,192		-		232,955		-
Other non-deductible expenses		4,849		-		4,850		-

	$	5,377	$	30,597	$	17,851	$	41,530

As of June 30, 2011 and December 31, 2010, the Company has no material unrecognized tax benefits which would favorably affect the effective income tax rate in future periods and does not believe that there will be any significant increase or decrease of unrecognized tax benefits within the next twelve months. No interest or penalties relating to income tax matters have been imposed on the Company during the three and six months ended June 30, 2011 and 2010 and no provision for interest and penalties is deemed necessary as of June 30, 2011 and December 31, 2010.

According to the PRC Tax Administration and Collection Law, the statute of limitation is three years if the underpayment of taxes is due to computational errors made by the taxpayer or its withholding agent. The statute of limitations extends to five years under special circumstances, which are not clearly defined. In the case of a related party transaction, the statute of limitation is ten years. There is no statute of limitation in the case of tax evasion.

F-19

CHINA GREEN LIGHTING LIMTIED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2011 AND 2010

(Unaudited)

16.

Capital

a)	Common stock

The Company is authorized to issue 50,000,000 shares of common stock, $0.001 par value. The Company had 22,225,200 shares of common stock outstanding prior to the Share Exchange with CGL, and as described in Note 1, and issued 39,200 shares of Series A Preferred Stock to the shareholders of CGL in connection with the Share Exchange. Each share of the Series A Preferred Stock issued was converted to 1,000 shares of common stock. Also in connection with the Share Exchange, the existing shareholders of the Company prior to the Share Exchange surrendered 21,923,000 shares of common stock in exchange for 700 shares of Series A Preferred Stock. For accounting purposes, the 39,200,000 shares issued to the shareholders of CGL (after conversion of Series A Preferred Stock) are assumed to be outstanding on 1 January 2010 and the 1,002,200 shares held by the existing shareholders of the Company, after surrender of 21,923,000 shares and prior to the Share Exchange on May 13, 2011 are assumed to have been issued on that date in exchange for the net assets of the Company.

As of June 30, 2011, a total of 40,202,200 shares of common stock were issued and outstanding.

b)	Preferred Stock

The Articles of Incorporation of the Company provides for 1,000,000 shares of $0.10 par value preferred stock. The Board of Directors can designate such classes and preferences of the preferred stock as determined by the Board of Directors from time to time. On May 12, 2011, Articles of Amendment were filed including a Certificate of Designation creating a class of preferred stock. The shares of such series shall be designated as the “Series A Convertible Preferred Stock” (the “Preferred Stock”) and the number of shares initially constituting such series shall be up to Thirty Nine-Thousand Nine Hundred (39,900) shares. The holders of Series A Convertible Preferred Stock shall not be entitled to any liquidation preference, shall automatically convert to shares of common stock at a rate of 1,000 shares of common stock for each share of Series A Convertible Preferred stock upon the effectiveness of a proposed 1 for 3 reverse stock split, shall not be entitled to any dividends, shall have the same voting rights as common stock, and shall not be entitled to any pre-emptive rights. As of June 30, 2011, no Series A Convertible Preferred Stock was outstanding.

F-20

CHINA GREEN LIGHTING LIMTIED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2011 AND 2010

(Unaudited)

17.	Commitments and Contingencies

Operating Leases

As of June 30, 2011, the Company had commitments under certain operating leases requiring annual minimum rentals as follows:

Remainder of fiscal year ending December 31, 2011	$	1,989
2012		151
Total	$	2,140

The leased properties are principally located in the PRC and are used for employee dormitory purposes. The terms of these operating leases vary from one to two years. Pursuant to the contracts, when they expire, the Company has the right to extend them with new negotiated prices. Rental expenses were $3,308 and $3,375 for the six months ended June 30, 2011 and 2010, respectively. Rental expenses were $1,665 and $1,585 for the three months ended June 30, 2011 and 2010, respectively.

18.	Certain Risks and Concentration

Cash includes cash on hand and demand deposits in accounts maintained with banks located in the PRC. Total cash in these banks at June 30, 2011 and December 31, 2010 amounted to $508,992 and $657,572, respectively, of which no deposits are covered by insurance. The Company has not experienced any losses in such accounts and believes it is not exposed to any risks on its cash in bank accounts.

The Company’s substantial operations are carried out in the PRC. Accordingly, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environments in the PRC and by the general state of the PRC’s economy. The Company’s operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environments and foreign currency exchange. The Company’s results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.

Four customers represented approximately 30%, 28%, 20% and 10% of the Company’s revenue for the six months ended June 30, 2011, and two customers represented approximately 56% and 41% of the Company’s revenue for the six months ended June 30, 2010. There was no other customer who accounted for more than 10% of the Company’s net revenues for the six months ended June 30, 2011 or 2010.

Four customers represented approximately 31%, 20%, 20% and 13% of the Company’s revenue for the three months ended June 30, 2011, and two customers represented approximately 39% and 36% of the Company’s revenue for the three months ended June 30, 2010. There was no other customer who accounted for more than 10% of the Company’s net revenues for the three months ended June 30, 2011 or 2010.

Individual customer amounts receivable consisted of 10% or more of total accounts receivable as of June 30, 2011 and December 31, 2010 were as follows:

F-21

CHINA GREEN LIGHTING LIMTIED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2011 AND 2010

(Unaudited)

	Percentage of accounts receivable as of
	June 30, 2011			December 31, 2010

Customer A		26	%		*
Customer B		19	%		38	%
Customer C		19	%		20	%
Customer D		19	%		*
Customer E		*			13	%

* Less than 10%

19.	Related Party Transactions

Purchases from Zhejiang Lisheng Electronic Technology Company Limited accounted for 15% and 27% of the total purchase that the Company made in the six months ended June 30, 2011 and 2010, respectively. Purchases from this supplier accounted for 19% and 37% of the total purchases that the Company made in the three months ended June 30, 2011 and 2010, respectively. The controlling stockholder of Zhejiang Lisheng Electronic Technology Company Limited is Mr. Zhu Jiangtu, the Chairman of the board of directors of the Company. Prepayments to this supplier were $937,511 and $545,885 as at June 30, 2011 and December 31, 2010, respectively.

As at June 30, 2011 and December 31, 2010, the Company had non trade receivable from a related party (note 7), accounts payable to related parties of $57,359 and $Nil, respectively, and notes payable to a related party of $772,583 and $Nil, respectively.

As at June 30, 2011 and December 31, 2010, certain of the Company’s bank loans were guaranteed by Zhejiang Lisheng Electronic Technology Company Limited and Mr. Zhu Jiangtu (note 12).

20.	Social Security Plan

According to the prevailing laws and regulations of the PRC, the Company’s subsidiary and VIE in the PRC are required to cover its employees with medical, retirement and unemployment insurance programs. Management believes that due to the transient nature of its employees, they do not need to provide all employees with such social insurances, and have not paid the social insurances for all employees.

In the event that any current or former employee files a complaint with the PRC government, the Company's subsidiary and VIE may be subject to making up the social insurances as well as administrative fines. As the Company believes that these fines would not be material, no provision has been made in this regard.

21.	Statutory Reserves

The law and regulations of the People’s Republic of China provide that before a Chinese enterprise distributes profits to its shareholders, it must first satisfy all tax liabilities, provide for losses in previous years, and make appropriation, in proportions determined at the discretion of the board of directors, to the statutory reserves. The statutory reserves include the surplus reserve fund and the collective welfare fund.

The Company’s subsidiary and VIE in China are required to transfer 10% of their net income, as determined in accordance with the PRC accounting rules and regulations, to a statutory surplus reserve fund until such reserve balance reaches 50% of the their respective registered capital.

The transfer to this reserve must be made before distribution of any dividend to shareholders. This reserve fund is non-distributable other than during liquidation and can be used to fund previous years’ losses, if any, and may be utilized for business expansion or converted into capital as capital injection by the existing shareholders in proportion to their equity holding, provided that the remaining reserve balance after such issue is not less than 25% of the registered capital.

F-22

CHINA GREEN LIGHTING LIMTIED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2011 AND 2010

(Unaudited)

22.	Segment Information

The Company has only one business segment, which is manufacturing of fluorescent lamps for sale in America and Asia markets.

The Company's sales by geographic destination are analyzed as follows:-

	Three Months Ended June 30,				Six Months Ended June 30,
	2011		2010		2011		2010

PRC	$	1,461,665	$	2,142,579	$	2,403,460	$	3,220,667
Outside PRC:-
America		370,231		2,662,124		1,062,245		3,701,626
Europe		-		-		35,253		-
Other Asian countries		29,989		-		69,270		-

Total sales	$	1,861,885	$	4,804,703	$	3,570,228	$	6,922,293

F-23

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Special Note Regarding Forward Looking Statements

This Quarterly Report on Form 10-Q, including the following “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” contains forward-looking statements that are based on the beliefs of our management, and involve risks and uncertainties, as well as assumptions, that, if they ever materialize or prove incorrect, could cause actual results to differ materially from those expressed or implied by such forward-looking statements. The words “believe,” “expect,” “anticipate,” “project,” “targets,” “optimistic,” “intend,” “aim,” “will” or similar expressions are intended to identify forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements regarding new and existing products, technologies and opportunities; statements regarding market and industry segment growth and demand and acceptance of new and existing products; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in China; and any statements of belief or intention. As such, they are subject to risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward looking statements. Such risks and uncertainties include any of the factors and risks mentioned in the “Risk Factors” sections of the Quarterly Report. All forward-looking statements included in this report are based on information available to us on the date of this report. We assume no obligation and do not intend to update these forward-looking statements, except as required by law.

Overview

The Company is a Colorado holding company whose subsidiaries and variable interest entity are engaged in the manufacture and sale of lighting devices, inverters and their component. The Company’s variable interest entity (“VIE”), Zhejiang Joinan Lighting Co. Ltd. (“ZJL”) specializes in lighting electrical appliances in Jiangshan City, Zhejiang Province, PRC. In the six months ended June 30, 2011 and 2010, respectively, ZJL has sold its products to customers primarily in China and America.

Our management’s discussion and analysis of our financial condition and results of operations are only based on ZJL’s current business and operations. Key factors affecting our results of operations include revenues, cost of revenues, operating expenses and income and taxation.

Three Months Ended June 30, 2011 Compared to Three Months Ended June 30, 2010

The following table sets forth key components of our unaudited results of operations for the periods indicated.

All amounts, other than percentages, are in U.S. dollars (US$)

	Three months ended									Percentage
	June 30,			June 30,			Increase			Increase
	2011			2010			(Decrease)			(Decrease)
Net sales	$	1,861,885		$	4,804,703		$	(2,942,818	)		(61.25	)%
Cost of sales		1,571,560			4,462,794			(2,891,234	)		(64.79	)%
Gross profit		290,325			341,909			(51,584	)		(15.09	)%
General, selling &
Administrative expense		1,171,765			193,558			978,207			505.38	%
(Loss) income from operations		(881,440	)		148,351			(1,029,791	)		(694.16	)%
Other income		14,680			69,996			(55,316	)		(79.03	)%
Interest expense, net		(37,168	)		(14,369	)		(22,799	)		(158.66	)%
(Loss) income before income taxes		(903,928	)		203,978			(1,107,906	)		(543.15	)%
Income taxes		5,377			30,597			(25,220	)		(82.43	)%
Net (loss) income	$	(909,305	)	$	173,381		$	(1,082,686	)		(624.45	)%

Sales

The Company’s sales for the three months ended June 30, 2011 totaled US$1,861,885, a decrease of 61.25% from US$4,804,703 for the three months ended June 30, 2010. This decrease in sales was primarily due to a reduction in sales volume, although we increased our unit selling price in 2011. The Company determined to make fewer sales to those customers with lower margins and therefore total gross sales value for the three months ended June 30, 2011 decreased. Also, the cost of one of our major raw materials, phosphor, increased sharply in the first half of the year, which deterred many customers from placing orders with us. The market price of phosphor seems to be stabilizing and the Company expects that sales in the third quarter will improve.

Cost of Sales

Cost of sales for the three months ended June 30, 2011 were US$1,571,560, a decrease of 64.79% from US$4,462,794 for the three months ended June 30, 2010. This decrease was primarily due to the decrease in sales.

Gross Profit

Gross profit for the three months ended June 30, 2011 was US$290,325, a decrease of 15.09% from US$341,909 for the three months ended June 30, 2010. This decrease in gross profit was primarily due to the decrease in sales. The gross profit percentage increased from about 7.1% for the three months ended June 30, 2010 to about 15.6% for the three months ended June 30, 2011. This increase was primarily due to the increase in selling price and our decision to sell fewer products to customers with low profit margins in 2011.

Selling, General and Administrative Expense

The Company’s selling, general and administrative expense for the three months ended June 30, 2011 was US$1,171,765, an increase of 505.38% from US$193,558 for the three months ended June 30, 2010. This increase was primarily due to reverse merger costs of US$685,162 and a bad debt expense of US$224,526 on a long outstanding receivable balance. The Company also spent more on research and development activities. Research and development costs for the three months ended June 30, 2011 and 2010 were about $93,000 and $59,000, respectively.

Net (Loss) Income

Net loss for the three months ended June 30, 2011 was US$909,305, compared to net income of US$173,381 for the three months ended June 30, 2010. The decrease in net income was primarily due to reverse merger costs of US$685,162, a bad debt expense of US$224,526 and the decrease in sales.

Six Months Ended June 30, 2011 Compared to Six Months Ended June 30, 2010

	Six months ended									Percentage
	June 30,			June 30,			Increase			Increase
	2011			2010			(Decrease)			(Decrease)
Net sales	$	3,570,228		$	6,922,293		$	(3,352,065	)		(48.42	)%
Cost of sales		3,031,218			6,260,823			(3,229,605	)		(51.58	)%
Gross profit		539,010			661,470			(122,460	)		(18.51	)%
General, selling & administrative expense		1,319,128			400,867			918,261			229.07	%
(Loss) income from operations		(780,118	)		260,603			(1,040,721	)		(399.35	)%
Other income		11,902			47,451			(35,549	)		(74.92	)%
Interest expense, net		(50,306	)		(31,187	)		(19,119	)		(61.3	)%
(Loss) income before income taxes		(818,522	)		276,867			(1,095,389	)		(395.64	)%
Income taxes		17,851			41,530			(23,679	)		(57.02	)%
Net (loss) income	$	(836,373	)	$	235,337		$	(1,071,710	)		(455.39	)%

Sales

The Company’s sales for the six months ended June 30, 2011 totaled US$3,570,228, a decrease of 48.42% from US$6,922,293 for the six months ended June 30, 2010. This decrease in sales was primarily due to a reduction in sales volume, although we increased our unit selling price in 2011. The Company determined to make fewer sales to those customers with lower margins and therefore total gross sales value for the six months ended June 30, 2011 decreased. Also, the cost of one of our major raw material, phosphor, increased sharply in the first half of the year, which deterred many customers from placing orders with us. The market price of phosphor seems to be stabilizing and the Company expects that sales in the third quarter will improve.

Cost of Sales

Cost of sales for the six months ended June 30, 2011 totaled US$3,031,218, a decrease of 51.58% from US$6,260,823 for the six months ended June 30, 2010. This decrease was primarily due to the decrease in sales.

Gross Profit

Gross profit for the six months ended June 30, 2011 totaled US$539,010, a decrease of 18.51% from US$661,470 for the six months ended June 30, 2010. The gross profit percentage increased from about 9.6% for the six months ended June 30, 2010 to about 15.1% for the six months ended June 30, 2011. This increase was primarily due to the increase in selling price and our decision to sell fewer products to customers with low profit margins.

Selling, General and Administrative Expense

The Company’s selling, general and administrative expense for the six months ended June 30, 2011 totaled US$1,319,128, an increase of 229.07% from US$400,867 for the six months ended June 30, 2010. This increase was primarily due to the reverse merger costs of US$685,162 and a bad debt expense of US$222,976 on a long outstanding receivable balance.

Net (Loss) Income

Net loss for the six months ended June 30, 2011 was US$836,373, compared to net income of US$235,337 for the six months ended June 30, 2010. The decrease in net income was primarily due to reverse merger costs of US$685,162, a bad debt expense of US$222,976 and the decrease in sales.

Liquidity and Capital Resources

~~As of February 28, 2011, we had cash or cash equivalents of $201. As of February 28, 2010, we had cash or cash equivalents of $4,147.~~Overview

~~Net cash~~As ~~used~~of inJune ~~operating activities was $-0- for the three months ended February 28~~30, 2011~~. Net~~, cash ~~used~~and incash ~~operating~~equivalent ~~activities~~were ~~was~~ $1510,~~833~~245 ~~for~~as ~~the~~compared ~~three~~to ~~months~~$657,572 ~~ended~~as ~~February~~of 28December 31, 2010. ~~Net~~The ~~cash~~components ~~used~~of inthis ~~operating~~decrease ~~activities~~of ~~was~~ $77147,~~132~~327 ~~for~~are ~~the~~reflected ~~period from inception through February 28, 2011~~below. ~~We anticipate that overhead costs in current operations will remain fairly constant as we develop revenue.~~

Cash flows ~~used in investing activities were $-0- for all relevant periods.~~

~~Cash~~All ~~flows~~amounts ~~provided~~in ~~by financing activities were $-0-for the three months ended February 28, 2011~~U. ~~Cash flows provided by financing activities were $5,250 for the three months ended February 28, 2010~~S. ~~Cash flows provided from financing activities was $77,333 for the period from inception through February 28, 2011. All cash flows were related to our recent securities sales activity and to loans.~~dollars

Over the next twelve months we do not expect any material our capital costs to develop operations. We plan to buy certain items of office equipment to be used in our operations.

	Six months ended June 30,
	2011			2010
Net cash (used in) provided by operating activities	$	(215,324	)	$	1,820,070
Net cash used in investing activities		(711,489	)		(1,196,514	)
Net cash provided by financing activities		765,626			-
Effect of exchange rate changes on cash and cash equivalents		13,860			4,387
Net (decrease) increase in cash and cash equivalents		(147,327	)		627,943
Cash and cash equivalents, beginning of period		657,572			378,273

Cash and cash equivalents, end of period	$	510,245		$	1,006,216

WeNet ~~believe~~cash ~~that~~(used ~~we have sufficient capital~~ in) ~~the~~provided ~~short~~by ~~term~~operating for our current level of operations. This is because we believe that we can attract sufficient product sales and services within our present organizational structure and resources to become profitable in our operations. Additional resources would be needed to expand into additional locations, which we have no plans to do at this time. We do not anticipate needing to raise additional capital resources in the next twelve months In the event that we need additional capital, Mr.Zueger has agreed to loan such funds as may be necessary through December 31, 2011 for working capital purposes.activities

~~Our~~Net ~~principal~~cash used ~~source~~in operating ofactivities ~~liquidity~~for ~~will~~the besix ~~our~~months ~~operations.~~ended WeJune ~~expect~~30, ~~variation~~2011 inwas ~~revenues~~US$215,324, compared to ~~account~~net cash provided by operating activities of US$1,820,070 for the ~~difference~~six ~~between~~months aended ~~profit~~June ~~and~~30, ~~a loss~~2010. ~~Also~~This ~~business~~was ~~activity~~primarily isattributable ~~closely~~cash ~~tied~~outflows tofrom ~~the~~an ~~U.S.~~increase ~~economy,~~in ~~particularly~~prepayments ~~the~~to ~~economy~~suppliers inof ~~Denver~~US$637,982, ~~Colorado.~~increase ~~Our~~in ~~ability~~inventories toof ~~achieve~~US$464,332 and ~~maintain~~a ~~profitability~~decrease ~~and~~in ~~positive~~accounts ~~cash~~payable ~~flow~~of isUS$852,834 ~~dependent~~offset ~~upon~~by ~~our~~cash ~~ability~~inflows tofrom ~~successfully~~a ~~develop~~decrease ain ~~real~~accounts ~~estate~~receivable ~~management~~of ~~business~~US$944,241 and ~~our~~an increase ~~ability~~in tonotes ~~generate~~payable ~~revenues~~of US$765,626.

-Net 11cash -used in investing activities

InNet ~~any~~cash ~~case,~~used wein ~~try~~investing toactivities ~~operate~~for ~~with~~the ~~minimal~~six ~~overhead.~~months ~~Our~~ended ~~primary~~June ~~activity~~30, ~~will~~2011 bewas ~~to seek to develop clients for our services and~~US$711, ~~consequently~~489, ~~our~~compared ~~sales.~~to Ifnet wecash ~~succeed~~used in ~~developing~~investing ~~clients~~activities of US$1,196,514 for ~~our~~the ~~services~~six ~~and~~months ~~generating~~ended ~~sufficient~~June ~~sales~~30, ~~we will become profitable~~2010. WeThis ~~cannot~~primarily ~~guarantee~~comprised ~~that~~of ~~this~~placement ~~will~~of ~~ever~~a ~~occur.~~refundable ~~Our~~deposit ~~plan~~of isUS$918,752 tooffset ~~build~~by ~~our~~repayment ~~company~~of innon-trade ~~any~~receivable ~~manner~~of ~~which will be successful~~US$258,133.

~~Plan~~Net ofcash ~~Operation~~provided by financing activities

WeNet ~~have~~cash ~~identified~~provided ~~several~~by ~~potential~~financing ~~properties~~activities infor the ~~Denver,~~six ~~Colorado~~months ~~and~~ended ~~surrounding~~June ~~suburban~~30, ~~area~~2011 ~~which~~was ~~are~~US$765,626. There ~~planned~~were tono becash ~~developed~~flows orfrom ~~re-developed~~financing ~~and~~activities ~~re-zoned~~for tothe ~~high~~six ~~density~~months ~~developments~~ended ~~along~~June ~~light~~30, ~~rail~~2010. During ~~mass~~the ~~transit~~six ~~stations~~months ~~requiring~~ended ~~what~~June we30, ~~believe~~2011, isthe aCompany ~~higher~~repaid ~~level~~bank loans of ~~expertise~~US$1.2 inmillion, ~~property~~obtained ~~management~~new bank loans of US$2.3 ~~There~~million ~~are~~and placed a ~~total~~restricted deposit of ~~forty-eight~~US$0.3 ~~planned~~million ~~Light~~for ~~Rail~~bank ~~Mass~~acceptance ~~Transit Stations~~services.

Our initial plan is to service, maintain and manage real estate properties surrounding the forty-eight planned Light Rail Mass Transit Stations around Denver, Colorado and surrounding suburbs. We offer specialized service to landowners to help them rezone land, identify and screen real estate development opportunities and to manage the projects once they have been constructed. We will not acquire any properties for our own account, but will provide consulting services to our clients and will be available to manage the resulting properties, all for fees.27

~~Once~~Critical weAccounting have successfully developed our plan to service, maintain and manage these specialized real estate properties in Denver, Colorado and surrounding suburbs, we plan to develop specialized marketing for transportation development initiatives many of the front range cities are adopting in Colorado.Policies

~~Our~~See ~~plan~~“Note. ~~for~~2 ~~the~~Summary ~~twelve~~of ~~months~~Significant ~~ending~~Accounting ~~December~~Polices” ~~31,~~in ~~2011~~“Item is1Unaudited toCondensed ~~operate~~Financial atStatements” aherein ~~profit~~for ora atdiscussion ~~break~~of ~~even.~~the Wecritical ~~are~~accounting ~~currently~~policies ~~in operation~~ and ~~have~~estimates ~~been~~adopted ~~since~~in ~~our~~this ~~inception.~~Quarterly WeReport ~~have~~on ~~only~~Form ~~been profitable for the three months ended February 29, 2008~~10-Q.

~~Currently,~~Off-balance weSheet are conducting business in only one location in the Denver Metropolitan area. We have no plans to expand into other locations or areas. The timing of the completion of the milestones needed to become profitable is not directly dependent on anything except our ability to develop sufficient revenues.Arrangements

~~Our~~We ~~principal~~did ~~cost will be marketing our services. At this point, we do~~ not ~~know~~have ~~the~~any ~~scope~~significant ofoff-balance ~~our~~sheet ~~potential~~arrangements ~~marketing~~as ~~costs but will use our existing resources to market our services. Our resources consist~~ of ~~our~~June ~~available cash and advances from Mr. Zueger~~30, ~~who has agreed to loan such funds as may be necessary through December 31,~~ 2011 ~~for working capital purposes~~.

WeTabular ~~believe~~Disclosures ~~that we can become profitable for the fiscal year, given sufficient sales. We believe that the timing~~ of ~~the~~Contractual ~~completion of the milestones needed to become profitable can be achieved as we are presently organized with sufficient business.~~Obligations

~~Other~~As ~~than~~of ~~the~~June ~~shares~~30, ~~offered~~2011, bythe ~~our~~Company ~~last~~had ~~offering~~commitments ~~and~~under ~~advances~~certain ~~from~~operating ~~Mr.~~leases ~~Zueger,~~requiring noannual ~~other~~minimum ~~source~~rentals ofas ~~capital has been identified or sought.~~follows:

If we are not successful in our proposed operations we will be faced with several options:

Remainder of fiscal year ending December 31, 2011	$	1,989
2012		151
Total	$	2,140

1Item 3. ~~Cease~~Quantitative ~~operations~~ and goQualitative ~~out~~Disclosures ofabout ~~business;~~Market Risk

2.Not ~~Continue~~applicable toas ~~seek~~the ~~alternative~~Company ~~and~~is ~~acceptable~~a ~~sources~~smaller ofreporting ~~capital;~~company.

3Item 4. ~~Bring~~Controls inand ~~additional capital that may result in a change of control; or~~Procedures

~~4. Identify~~ (a) ~~candidate~~Evaluation ~~for~~of ~~acquisition~~disclosure ~~that~~controls ~~seeks access to the public marketplace~~ and ~~its financing sources.~~procedures

-As 12required by Rule 13a-15(e)and 15d-15(e)under the Securities Exchange Act, the Company’s management has carried out an evaluation, with the participation and under the supervision of its Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of its disclosure controls and procedures as of June 30, 2011. Disclosure controls and procedures refer to controls and other procedures designed to ensure that information required to be disclosed in the controls and other procedures designed to ensure that information required to be disclosed in the reports the Company files or submits under the Securities Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC and that such information is accumulated and communicated to the Company’s management, including its Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. In designing and evaluating the Company’s disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management is required to apply its judgment in evaluating and implementing possible controls and procedures.

~~Currently,~~Management weconducted ~~believe~~its ~~that~~evaluation weof ~~have~~disclosure ~~sufficient~~controls ~~capital~~and orprocedures ~~access~~under tothe ~~capital~~supervision toof ~~implement~~its ~~our~~Chief ~~proposed~~Executive ~~business~~Officer ~~operations~~and orChief toFinancial ~~sustain~~Officer. ~~them~~Based ~~for~~upon this evaluation, the ~~next~~Company’s ~~twelve~~Chief ~~months.~~Executive InOfficer ~~the~~and ~~event~~Chief Financial Officer concluded that wethe ~~need~~Company’s ~~additional~~disclosure ~~capital,~~controls ~~Mr.~~and ~~Zueger~~procedures ~~has~~were ~~agreed~~ineffective toas ~~loan~~of ~~such~~June ~~funds~~30, 2011 as ~~may~~a beresult ~~necessary~~of ~~through~~continuing ~~December~~material ~~31,~~weaknesses ~~2011~~in ~~for~~our ~~working~~internal ~~capital~~control ~~purposes~~over financial reporting.

IfA wematerial ~~can~~weakness ~~sustain~~is ~~profitability~~a deficiency, weor ~~could~~a ~~operate~~combination atof ~~our~~deficiencies, ~~present~~in ~~level~~internal ~~indefinitely~~control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.

~~To date, we have never had any discussions with any possible acquisition candidate nor have we any intention of doing so.~~28

~~Proposed~~During ~~Milestones~~the toassessment ~~Implement~~of ~~Business~~the ~~Operations~~effectiveness of internal control over financial reporting as of June 30, 2011, the specific material weaknesses identified by the Company’s management were described as follows:

At● ~~the~~The ~~present~~Company ~~time,~~did wenot ~~are~~have ~~located~~sufficient inand ~~one~~skilled ~~location~~accounting inpersonnel ~~Littleton,~~with ~~Colorado.~~an Toappropriate ~~try~~level toof ~~operate~~technical ataccounting aknowledge ~~break-even~~and ~~level~~experience ~~based~~in ~~upon~~the ~~our~~application ~~level~~ of ~~proposed~~accounting ~~business~~principles ~~activity,~~generally weaccepted ~~believe~~in ~~that~~the weUnited ~~must~~States ~~generate~~of ~~approximately~~America ~~$35,000~~commensurate inwith ~~revenue~~the ~~per~~Company’s ~~year.~~financial ~~However,~~reporting ~~if our forecasts are inaccurate~~requirements, wewhich ~~may~~resulted ~~need~~in toa ~~raise~~number ~~additional~~of ~~funds.~~internal Incontrol ~~the~~deficiencies ~~event~~ that wewere ~~need~~identified ~~additional~~as ~~capital,~~being Mrsignificant. ~~Zueger~~The ~~has~~Company’s ~~agreed~~management todetermined ~~loan~~that ~~such~~the ~~funds~~number asand ~~may~~nature beof ~~necessary~~these ~~through~~significant ~~December 31~~deficiencies, ~~2011~~when ~~for~~aggregated, ~~working~~constituted ~~capital~~a ~~purposes~~material weakness.

● The ~~results~~Company ofis ~~our~~lacking ~~proposed~~qualified ~~operations~~resources ~~will depend, among other things, upon our ability~~ to ~~successfully~~perform ~~provide management of property assets along high density corridors and transit areas which are currently being developed and re-developed near Light Rail transportation lines in~~ the ~~Denver,~~internal ~~Colorado~~audit ~~metropolitan~~functions ~~area~~properly. ~~Further,~~ ~~there~~In isaddition, the ~~possibility~~scope ~~that our proposed operations will not generate income sufficient to meet operating expenses or will generate income~~ and ~~capital~~effectiveness ~~appreciation,~~of ifthe ~~any,~~Company’s atinternal ~~rates~~audit ~~lower~~function ~~than~~are ~~those~~yet ~~anticipated or necessary~~ to ~~sustain the investment. Our operations may also~~ be ~~affected by factors which are beyond our control, principally general market conditions and changing client preferences~~developed. Any of these problems, or a combination thereof, could have affect on our viability as an entity. We may never become profitable, fail as an organization, and our investors could lose some or all of their investment.

It● ~~should~~The beCompany ~~noted~~currently ~~that~~does ~~we do~~ not have any history of operations and have not yet generated substantial revenues. We are in the process of developing operations. During the first nine months of 2010 we plan to market our services through the contacts of our President, Mr. Zueger. We may also use newspaper advertising. However, we primarily plan to rely on the possibility of referrals from clients and will strive to satisfy our clients. We believe that referrals will be an ~~effective~~audit ~~form of advertising because of the quality of service that we bring to clients~~committee. ~~We believe that satisfied clients will bring more and repeat clients.~~

ToRemediation the extent that management is unsuccessful in keeping expenses in line with income, failure to affect the events and goals listed herein would result in a general failure of the business. This would cause management to consider liquidation or merger. We have no plans for any type of business combination.Initiative

WeDue ~~believe~~to ~~that~~limited weresources ~~can~~available bein ~~profitable or at break even at~~ the ~~end of the current fiscal year~~region, ~~assuming sufficient sales. Based upon our current plans,~~ we ~~have~~were ~~adjusted~~unable ~~our~~to ~~operating~~hire ~~expenses~~qualified sopersonnel ~~that~~to ~~cash~~establish ~~generated~~sufficient ~~from~~internal ~~operations~~audit functions and ~~from~~an ~~working~~audit ~~capital~~committee ~~financing~~before isthe ~~expected~~end toof ~~be sufficient for~~ the ~~foreseeable~~second ~~future~~quarter toof ~~fund our operations at our currently forecasted levels~~2011. WeOur ~~expect~~management toteam ~~incur~~is ~~operating~~working ~~losses~~on inimproving ~~future~~our ~~periods~~internal ~~because~~control weprocedures ~~will be incurring expenses~~ and ~~not generating sufficient revenues. We expect approximately $35,000 in operating costs over the next twelve months. We cannot guarantee that we~~ will betry ~~successful~~to inrecruit ~~generating~~more ~~sufficient~~qualified ~~revenues~~professionals ~~or other funds~~ in the ~~future~~near ~~to cover these operating costs~~future. ~~Failure to generate sufficient revenues or additional financing when needed could cause us to go out of business.~~

In(b) ~~the~~Changes ~~event~~in ~~that~~internal wecontrol ~~need~~over ~~additional~~financial ~~capital, Mr~~reporting. Zueger has agreed to loan such funds as may be necessary through December 31, 2011 for working capital purposes. Otherwise, no commitments to provide additional funds have been made by management or current shareholders. There is no assurance that additional funds will be made available to us on terms that will be acceptable, or at all, if and when needed. We expect to continue to generate and increase sales, but there can be no assurance we will generate sales sufficient to continue operations or to expand.

InThere were no changes in the ~~next~~Company’s 12internal ~~months,~~control weover dofinancial ~~not~~reporting ~~intend~~during tothe ~~spend~~six ~~any~~months ~~material~~ended ~~funds~~June on30, ~~research~~2011 ~~and~~that ~~development~~materially ~~and~~affected door ~~not~~were ~~intend~~reasonably likely to ~~purchase~~materially ~~any~~affect ~~large~~the ~~equipment~~Company’s internal control over financial reporting.

~~- 13 -~~29

~~ITEM~~PART ~~3. QUANTITATIVE~~II—OTHER ~~AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.~~INFORMATION

Item 1. Legal Proceedings.

None.

~~ITEM~~Item 41A. Risk ~~CONTROLS AND PROCEDURES~~Factors.

~~Not~~There ~~applicable~~have not been any material changes to the Company’s risk factors from Amendment No. 4 to our Current Report on Form 8-K/A on August 8, 2011.

~~ITEM~~Item 4T2. Unregistered ~~CONTROLS~~Sales ~~AND~~of ~~PROCEDURES~~Equity Securities and Use of Proceeds.

AsOn ofJune ~~the~~27, ~~end~~2011, 39,900 shares of the ~~period~~Company’s ~~covered~~Series A Convertible Preferred Stock held by ~~this~~four ~~report,~~holders ~~based~~were onautomatically anconverted ~~evaluation~~into 39,900,000 shares of ~~our~~Company’s ~~disclosure~~common ~~controls~~stock in accordance with the Amended & Restated Statement as to the Preferences and ~~procedures~~Rights (of Series A Convertible Preferred Stock as ~~defined~~filed and accepted with the Colorado Secretary of State on July 7, 2011. The shares of common stock issued in ~~Rules~~the ~~13a~~conversion ~~-15(e)~~to the four holders of Series A Convertible Preferred Stock were issued without any investment decision required of the holders and ~~15(d)-15(e)~~thus ~~under~~did not constitute a “sale” within the ~~Exchange~~meaning of the Securities Act). Further, ~~our~~since ~~Chief~~the ~~Executive~~shares ~~Officer~~of ~~and~~common stock were issued solely pursuant to the ~~Chief~~terms ~~Financial~~of ~~Officer~~conversion ~~has~~of ~~concluded~~the ~~that~~Series ~~our~~A ~~disclosure~~Convertible ~~controls~~Preferred Stock and ~~procedures~~no ~~are~~commission ~~effective~~or toother ~~ensure~~remuneration ~~that~~was ~~information~~paid ~~required~~or togiven bedirectly ~~disclosed~~or byindirectly usfor insoliciting ~~our~~the ~~Exchange~~conversion, ~~Act~~the ~~reports~~common isshares ~~recorded,~~were ~~processed,~~issued ~~summarized,~~pursuant to and ~~reported~~in ~~within~~reliance upon the ~~applicable~~exemption ~~time~~from ~~periods~~registration ~~specified~~provided by ~~the~~Section ~~SEC’s~~3(a)(9) ~~rules~~of ~~and~~the ~~forms~~Securities Act.

~~There~~Item 3. Defaults ~~were~~Upon noSenior changes in our internal controls over financial reporting that occurred during our most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reportingSecurities.

This report does not include an attestation report of the company’s registered public accounting firm regarding internal control over financial reporting. Identified in connection with the evaluation required by paragraph (d) of Rule 240.13a-15 or Rule 240.15d-15 of this chapter that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

There are no legal proceedings, to which we are a party, which could have a material adverse effect on our business, financial condition or operating results.

ITEM 1A. RISK FACTORS

You should carefully consider the risks and uncertainties described below; and all of the other information included in this document. Any of the following risks could materially adversely affect our business, financial condition or operating results and could negatively impact the value of your investment.

You should carefully consider the risks and uncertainties described below and the other information in this document before deciding to invest in shares of our common stock.

The occurrence of any of the following risks could materially and adversely affect our business, financial condition and operating result. In this case, the trading price of our common stock could decline and you might lose all or part of your investment.

- 14 -

Risks Related to Our Business and Industry

We have a limited history of operations and have only been profitable in the first three months of fiscal year 2008. However, we have negative stockholders equity.

We were formed as a Colorado business entity on August 15, 2007. At the present time, we have a limited history of operations. We were profitable in the first three months of fiscal year 2008. However, there can be no guarantee that we will ever be profitable in the future. From our inception on August 15, 2007 through February 28, 2011, we generated $75,786 in revenue. We had a net loss of $152,226 for this period. For the three months ended February 28, 2011, we generated $-0- revenue. We had a net loss of $4,988 for this period. At February 28, 2011 we had a negative stockholders’ equity of $89,115.

Because we had incurred operating losses from our inception, our accountants have expressed doubts about our ability to continue as a going concern.

For the period ended November 30, 2010, our accountants have expressed doubt about our ability to continue as a going concern as a result of our continued net losses. Our ability to achieve and maintain profitability and positive cash flow is dependent upon:

● our ability to increase operations; ● our ability to locate clients who will purchase our management services; and ● our ability to generate revenues.

Based upon current plans, we may incur operating losses in future periods because we may, from time to time, be incurring expenses but not generating sufficient revenues. We expect approximately $30,000 in operating costs over the next twelve months. We cannot guarantee that we will be successful in generating sufficient revenues or other funds in the future to cover these operating costs. Failure to generate sufficient revenues will cause us to go out of business.

We have a lack of liquidity and will need additional financing in the future. Additional financing may not be available when needed, which could delay our development or indefinitely postponed.

We are only minimally capitalized. Because we are only minimally capitalized, we expect to experience a lack of liquidity for the foreseeable future in our proposed operations. We will adjust our expenses as necessary to prevent cash flow or liquidity problems. However, we expect we will need additional financing of some type, which we do not now possess, to fully develop our operations. We expect to rely principally upon our ability to raise additional financing, the success of which cannot be guaranteed. We will look at both equity and debt financing, including loans from our principal shareholder. However, at the present time, we have no definitive plans for financing in place, other than the funds which may be loaned to us by Mr. Zueger, our President. In the event that we need additional capital, Mr. Zueger has agreed to loan such funds as may be necessary through December 31, 2011 for working capital purposes. To the extent that we experience a substantial lack of liquidity, our development in accordance with our proposed plan may be delayed or indefinitely postponed, our operations could be impaired, we may never become profitable, fail as an organization, and our investors could lose some or all of their investment.

As a company with limited operating history, we are inherently a risky investment. An investor could lose his entire investment.

We have a limited operating history. Because we are a company with a limited history, the operations in which we engage in real estate management along high density corridors and transit areas, is an extremely risky business. An investor could lose his entire investment.

- 15 -

Our operations are subject to our ability to successfully market our services. We have no substantial history of being able to successfully market our services. An investor could lose his entire investment.

Our operations will depend, among other things, upon our ability to develop and to market our real estate management services to clients. Further, there is the possibility that our operations will not generate income sufficient to meet operating expenses or will generate income, if any, at rates lower than those anticipated or necessary to sustain the investment. An investor could lose his entire investment.

There are factors beyond our control which may adversely affect us. An investor could lose his entire investment.

Our operations may also be affected by factors which are beyond our control, principally general market conditions and changing client preferences. Any of these problems, or a combination thereof, could have affect on our viability as an entity. We may never become profitable, fail as an organization, and our investors could lose some or all of their investment.

Intense competition in our market could prevent us from developing revenue and prevent us from achieving annual profitability. In either situation, we may never become profitable, fail as an organization, and our investors could lose some or all of their investment.

We plan to provide to market our real estate management services to clients. The barriers to entry are not significant. More importantly, we face strong competitors in all areas of our business. All aspects of our business are highly competitive. All of our competitors are larger than us and have greater financial resources than we do. All of our competitors have substantially greater experience in management consulting with regard to every area in which we plan to provide service. Competition with these companies could make it difficult, if not impossible for us to compete, which could adversely affect our results of operations. Competition from larger and more established companies is a significant threat and is expected to remain so for us.

Any competition may cause us to fail to gain or to lose clients, which could result in reduced or non-existent revenue. Competitive pressures may impact our revenues and our growth.

Our success will be dependent upon our management’s efforts. We cannot sustain profitability without the efforts of our management. An investor could lose his entire investment.

Our success will be dependent upon the decision making of our directors and executive officers, particularly Mr. Zueger. These individuals intend to commit as much time as necessary to our business, but this commitment is no assurance of success. The loss of any or all of these individuals, particularly Mr. Zueger, our President, could have a material, adverse impact on our operations. An investor could lose his entire investment. We have no written employment agreements with any officers and directors, including Mr. Zueger. We have not obtained key man life insurance on the lives of any of our officers or directors.

We have limited experience as a public company. Our inability to operate as a public company could be the basis of your losing your entire investment in us.

We have limited experience as a public company. We have limited experience in complying with the various rules and regulations which are required of a public company. As a result, we may not be able to operate successfully as a public company, even if our operations are successful. We plan to comply with all of the various rules and regulations which are required of a public company. However, if we cannot operate successfully as a public company, your investment may be materially adversely affected. Our inability to operate as a public company could be the basis of your losing your entire investment in us.

- 16 -

Our stock has a limited public trading market and there is no guarantee a trading market will ever develop for our securities. You may not able to sell your shares when you want to do so, if at all.

There has been, and continues to be, a limited public market for our common stock. We trade on the OTC Bulletin Board under the trading symbol TRMH. An active trading market for our shares has not, and may never develop or be sustained. If you purchase shares of common stock, you may not be able to resell those shares at or above the initial price you paid. The market price of our common stock may fluctuate significantly in response to numerous factors, some of which are beyond our control, including the following:

● actual or anticipated fluctuations in our operating results;

● changes in financial estimates by securities analysts or our failure to perform in line with such estimates;

● changes in market valuations of other companies, particularly those that market services such as ours;

● announcements by us or our competitors of significant innovations, acquisitions, strategic partnerships, joint ventures or capital commitments;

● introduction of product enhancements that reduce the need for our products;

● departures of key personnel.

As restrictions on resale end, the market price of our stock could drop significantly if the holders of restricted shares sell them or are perceived by the market as intending to sell them.

Applicable SEC rules governing the trading of “Penny Stocks” limit the liquidity of our common stock, which may affect the trading price of our common stock. You may not able to sell your shares when you want to do so, if at all.

Our common stock is currently quoted on the OTC Bulletin Board under the trading symbol TRMH. Since our common stock trades well below $5.00 per share, we are considered a “penny stock” and are subject to SEC rules and regulations that impose limitations upon the manner in which our shares can be publicly traded. These regulations require the delivery, prior to any transaction involving a penny stock, of a disclosure schedule explaining the penny stock and the associated risks. Under these regulations, certain brokers who recommend such securities to persons other than established customers or certain accredited investors must make a special written suitability determination for the purchaser and receive the written purchaser’s agreement to a transaction prior to purchase. These regulations have the effect of limiting the trading activity of our common stock and reducing the liquidity of an investment in our common stock.

The over-the-counter market for stock such as ours is subject to extreme price and volume fluctuations. You may not able to sell your shares when you want to do so, at the price you want, or at all.

The securities of companies such as ours have historically experienced extreme price and volume fluctuations during certain periods. These broad market fluctuations and other factors, such as new product developments and trends in the our industry and in the investment markets generally, as well as economic conditions and quarterly variations in our operational results, may have a negative effect on the market price of our common stock.

- 17 -

Buying low-priced penny stocks is very risky and speculative. You may not able to sell your shares when you want to do so, if at all.

The shares being offered are defined as a penny stock under the Securities and Exchange Act of 1934, and rules of the Commission. The Exchange Act and such penny stock rules generally impose additional sales practice and disclosure requirements on broker-dealers who sell our securities to persons other than certain accredited investors who are, generally, institutions with assets in excess of $5,000,000 or individuals with net worth in excess of $1,000,000 or annual income exceeding $200,000, or $300,000 jointly with spouse, or in transactions not recommended by the broker-dealer. For transactions covered by the penny stock rules, a broker-dealer must make a suitability determination for each purchaser and receive the purchaser's written agreement prior to the sale. In addition, the broker-dealer must make certain mandated disclosures in penny stock transactions, including the actual sale or purchase price and actual bid and offer quotations, the compensation to be received by the broker-dealer and certain associated persons, and deliver certain disclosures required by the Commission. Consequently, the penny stock rules may affect the ability of broker-dealers to make a market in or trade our common stock and may also affect your ability to resell any shares you may purchase in the public markets.

We do not expect to pay dividends on common stock.

We have not paid any cash dividends with respect to our common stock, and it is unlikely that we will pay any dividends on our common stock in the foreseeable future. Earnings, if any, that we may realize will be retained in the business for further development and expansion.

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

None.

~~ITEM~~Item 34. ~~DEFAULTS~~[Removed ~~UPON~~and ~~SENIOR SECURITIES~~Reserved].

Item 5. Other Information.

None.

~~ITEM~~Item 46. ~~SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS~~Exhibits.

~~None.~~The following exhibits are included as part of this report by reference:

ITEM 5. OTHER INFORMATION

Number	Description
2.1	Share Exchange Agreement, dated May 13, 2012 (incorporated by reference to the registrant’s Current Report on Form 8-K filed May 16, 2011)
3.1(a)	Articles of Incorporation (incorporated by reference to the registrant’s Registration Statement on Form SB-2 filed February 1, 2008)
3.1(b)	Articles of Amendment (incorporated by reference to the registrant’s Current Report on Form 8-K filed May 16, 2011)
3.1(c)	Articles of Amendment - Series A Convertible Preferred Stock (incorporated by reference to the registrant’s Current Report on Form 8-K filed July 8, 2011)
3.2	Bylaws (incorporated by reference to the registrant’s Registration Statement on Form SB-2 filed February 1, 2008)
31.1	Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes Oxley Act of 2002*
31.2	Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes Oxley Act of 2002*
32.1	Certification by the Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*
32.2	Certification by the Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*
101	Interactive data files pursuant to Rule 405 of Regulation S-T.**

~~None~~* Filed Herewith.

-**To 18be -filed by amendment.

~~ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K~~30

Exhibits

The following financial information is filed as part of this report:

(a) (1) FINANCIAL STATEMENTS

(2) SCHEDULES

(3) EXHIBITS. The following exhibits required by Item 601 to be filed herewith are incorporated by reference to previously filed documents:

Exhibit Number	Description
3.1*	Articles of Incorporation
3.2*	Bylaws
21.1*	Subsidiaries
31.1	Certification of CEO/CFO pursuant to Sec. 302
32.1	Certification of CEO/CFO pursuant to Sec. 906

* Previously filed with Form SB-2 Registration Statement, February 1, 2008.

(b) The Company filed no reports on Form 8-K during the three months ended February 28, 2011.

- 19 -

SIGNATURES

Pursuant to the requirements 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.

	Transit Management Holding Corp.
	CHINA GREEN LIGHTING LIMITED
	By:		/s/ Chris Zueger
	(Registrant)
			Chris Zueger
Date: August 22, 2011	By:	/s/ Liu Chuanling
Date: April 20, 2011			Chief Executive Officer Chief Financial Officer
		Liu Chuanling, Chief Executive Officer
		(Principal Executive Officer)
	By:	/s/ Hao Dongyang
		Hao Dongyang, Chief Financial Officer
		(Principal Financial and Accounting Officer)

~~- 20 -~~ 31

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