SUBSEQUENT EVENTS

12 Months Ended

Jun. 30, 2011

20.	SUBSEQUENT EVENTS

On October 10, 2011, the Company entered into contractual agreements (known as a “variable interest entity” (VIE) arrangement) with the shareholder of Zhengzhou Simian Real Estate Co., Ltd (“Simian”), which is wholly owned by Henan Shenrun Real Estate Co., Ltd. Li Xipeng, the Chief Executive Officer, Chairman and significant shareholder of the Company is a 51% owner of Henan Shenrun Real Estate Co., Ltd.. According to the arrangements, the Company will acquire a 51% equity interest in Simian through a series of variable interest entity (“VIE”) contractual arrangements, which will be settled with the note receivable from Tai Ao of $57,169,593. The transaction will be accounted for as an acquisition of a company under common control. Also see Note 7.

The following unaudited pro forma combined condensed statements of income (loss) for the year ended June 30, 2011 and 2010 have been prepared as if the acquisition had occurred on June 30, 2011 and 2010. The pro forma information may not be indicative of the results that actually would have occurred if the acquisition had been in effect from and on the dates indicated or which may be obtained in the future.

	Unaudited Pro Forma Combined As Of and For The Year Ended June 30,
	2011			2010

Total Assets	$	685,552,905		$	629,089,004

Total Liabilities		577,361,485			530,200,356

Revenues	$	55,806,425		$	42,626,988

Loss from Operations		(113,635,559	)		(104,288,804	)

Net Loss	$	(136,623,128	)	$	(123,607,937	)

Net Loss Per Share
Basic	$	(1.71	)	$	(1.54	)
Diluted	$	(1.71	)	$	(1.54	)
Weighted Average number of shares outstanding
Basic		80,000,000			80,000,000
Diluted		80,000,000			80,000,000

China Infrastructure Investment CORP 10-K/A