UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

_______________

FORM 10-Q

_______________

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

For the quarterly period ended ~~May~~August 31, 2010

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

For the transition period from ______to______.

DEEVER ~~ACQUISITION~~THRIVE 1ENERGY TECHNOLOGY CO., INC.

(Exact name of registrant as specified in Charter

Delaware		000-53924		27-2205602
(State or other jurisdiction of incorporation or organization)		(Commission File No.)		(IRS Employee Identification No.)

~~6046~~P.O. FMBox ~~2920, Suite 619~~527531

~~Spring~~Flushing, ~~Texas~~New ~~77379~~York 11352

(Address of Principal Executive Offices)

_______________

(~~713~~718) ~~410~~864-~~4596~~8972

(Issuer Telephone number)

_______________

(Former Name or Former Address if Changed Since Last Report)

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

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes o No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company filer. See definition of “accelerated filer” and “large accelerated filer” in Rule 12b-2 of the Exchange Act (Check one):

Large Accelerated Filer o

Non-Accelerated Filer o

Accelerated Filer o

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 x No o

State the number of shares outstanding of each of the issuer’s classes of common equity, as of ~~July~~October 1413, 2010, 10,000 shares of common stock.

~~DE ACQUISITION~~ 1~~, INC.~~

EVER THRIVE ENERGY TECHNOLOGY CO., INC.

FORM 10-Q

~~May~~August 31, 2010

INDEX

PART I-- FINANCIAL INFORMATION

Item 1.	Financial Statements
Item 2.	Management’s Discussion and Analysis of Financial Condition
Item 3	Quantitative and Qualitative Disclosures About Market Risk
Item 4T	Control and Procedures

PART II-- OTHER INFORMATION

Item 1	Legal Proceedings
Item 1A	Risk Factors
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds
Item 3.	Defaults Upon Senior Securities
Item 4.	(Removed & Reserved)
Item 5.	Other Information
Item 6.	Exhibits

SIGNATURE

DEEVER ~~ACQUISITION~~THRIVE 1ENERGY TECHNOLOGY CO., INC.

(A Development Stage Company)

May 31, 2010

Index to Financial Statements

FINANCIAL STATEMENTS	Page #
Balance Sheets at May 31, 2010 (Unaudited) and February 28, 2010	4
Statements of Expenses for the Three Months Ended May 31, 2010 and for the period from February 24, 2010 (inception) through May 31, 2010 (Unaudited)	5
Statement of Stockholders’ Equity (Deficit) for the period from February 24, 2010 (inception) through May 31, 2010 (Unaudited)	6
Statements of Cash Flows for the Three Months Ended May 31, 2010 and for the period from February 24, 2010 (inception) through May 31, 2010 (Unaudited)	7
Notes to the Financial Statements (Unaudited)	8

DE ACQUISITION 1, INC.

(A DEVELOPMENT STAGE COMPANY)

BALANCE SHEETS

	May 31, 2010			February 28, 2010
	August 31, 2010 (Unaudited)			February 28, 2010
	(Unaudited)
LIABILITIES
ASSETS
Current assets
Cash	$	-		$	-
Total assets	$	-		$	-
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities
Accrued expenses	$	243		$	139
Total current liabilities		243			139
TOTAL LIABILITIES		243			139
STOCKHOLDERS’ DEFICIT
STOCKHOLDERS' DEFICIT
Preferred stock: $0.0001 par value; 20,000,000 shares authorized; no shares issued or outstanding		-			-
Common stock: $0.0001 par value; 500,000,000 shares authorized; 10,000 shares issued and outstanding		1			1
Additional paid-in capital		~~999~~3,057			999
Deficit accumulated during the development stage		(1,243)			(1,139	)
Deficit accumulated during the development phase		(3,301	)		(1,139	)
Total stockholders’ deficit		(243)			(139	)
TOTAL STOCKHOLDERS' DEFICIT		(243	)		(139	)
Total liabilities and stockholders’ deficit	$	-		$	-
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	-		$	-

See accompanying notes to the financial statements

DEEVER ~~ACQUISITION~~THRIVE 1ENERGY TECHNOLOGY CO., INC.

(A DEVELOPMENT STAGE COMPANY)

STATEMENT OF ~~EXPENSES~~OPERATIONS

(Unaudited)

	For the Three Months Ended May 31, 2010			For the period from February 24, 2010 (Inception) through May 31, 2010
	Six Months Ended August 31, 2010			Three Months Ended August 31, 2010			From Inception (Feb 24, 2010) to August 31, 2010
REVENUE	$	-		$	-
OPERATING EXPENSES
OPERATING EXPENSES
Professional fees	$	1,983		$	1,983		$	1,983
Professional fees		-
General and administrative expenses		179			75			1,318
Organization expenses		-			139
Net operating loss		(2,162	)		(2,058	)		(3,301	)
General and administrative		104			1,000
NET LOSS	$	(2,162	)	$	(2,058	)	$	(3,301	)
Net loss	$	(104)		$	(1,139)
Net loss per share, basic and fully diluted	$	-		$	-
Net loss per common share – basic and diluted	$	(0.01)		$	(0.11)
Weighted average number of shares outstanding		10,000			10,000
Weighted average number of common shares outstanding – basic and diluted		10,000			10,000

See accompanying notes to the financial statements.

DEEVER ~~ACQUISITION~~THRIVE 1ENERGY TECHNOLOGY CO., INC.

(A DEVELOPMENT STAGE COMPANY)

STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)

For the Period from February 24, 2010 (Inception) through ~~May~~August 31, 2010

(Unaudited)

	Common Stock				~~Additional~~					~~Total~~
	Shares		Amount		Additional Paid inIn Capital		~~Accumulated~~Development Stage Deficit			~~Stockholders~~Total Shareholders' ~~Equity (~~Deficit)
February 24, 2010 (Inception)		10,000	$	1	$	999	$	-		$	(139)
Shares issued February 24, 2010		10,000	$	1	$	999	$	-		$	1,000
Net loss								(1,139	)		(1,139	)
Balance, February 28, 2010		10,000		1		999		(1,139	)		(139	)
Net loss								(104	)		(104	)
Expenses paid by affiliates						2,058					2,058
Balance, May 31, 2010		10,000	$	1	$	999	$	(1,243)		$	(243)
Net loss								(2,162	)		(2,162	)
Balances, August 31, 2010		10,000	$	1	$	3,057	$	(3,301	)	$	(243	)

See accompanying notes to the financial statements.

DEEVER ~~ACQUISITION~~THRIVE 1ENERGY TECHNOLOGY CO., INC.

(A DEVELOPMENT STAGE COMPANY)

STATEMENTS OF CASH FLOWS

(Unaudited)

	For the Three Months Ended May 31, 2010			For the period from February 24, 2010 (Inception) through May 31, 2010
	Six Months Ended August 31, 2010			From Inception (Feb 28, 2010) to August 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(~~104)~~2,162	)	$	(13,~~139~~301	)
Common stock issued for services		-			1,000
Adjustments to reconcile net loss with cash used in operations:
Adjustments to reconcile net loss to net cash used in operating activities:
Stock based compensation					1,000
Increase in accrued liabilities		104			139
Changes in operating assets and liabilities:
Net cash used in operating activities		-			-
Accrued expenses		104			243
Change in cash during the period		-			-
Net cash used in operating activities		(2,058	)		(2,058	)
Cash, beginning of the period		-			-
CASH FLOWS FROM INVESTING ACTIVITIES
Cash, end of the period	$	-		$	-
		-			-
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Net cash provided by / used in investing activities		-			-
Interest paid	$	-		$	-
CASH FLOWS FROM FINANCING ACTIVITIES
Taxes paid	$	-		$	-
					-
Expenses paid by affiliates		2,058			2,058
Net cash provided by financing activities		2,058			2,058
NET INCREASE / (DECREASE) IN CASH		-			-
Cash at beginning of period		-			-
Cash at end of period	$	-		$	-
SUPPLEMENTAL CASH FLOW DISCLOSURES
Cash paid for interest	$	-		$	-
Cash paid for income taxes		-			-

See accompanying notes to the financial statements

DEEVER ~~ACQUISITION~~THRIVE 1ENERGY TECHNOLOGY CO., INC.

(A DEVELOPMENT STAGE COMPANY)

~~May~~August 31, 2010

NOTES TO THE FINANCIAL STATEMENTS

(UNAUDITED)

Note 1 – Basis of Presentation

DE Acquisition 1, Inc. (a development stage company) (the “Company”) was incorporated in Delaware on February 24, 2010, with an objective to acquire, or merge with, an operating business. As of ~~May~~August 31, 2010, the Company had not yet commenced any operations.

The ~~accompanying unaudited interim financial statements of the~~ Company ~~have~~is ~~been~~a ~~prepared~~"blank incheck" ~~accordance~~company. ~~with~~The ~~accounting principles generally accepted in the~~ United States ~~of America and the rules of the~~ Securities and Exchange Commission, ~~and~~(“SEC”) ~~should~~defines besuch ~~read~~a incompany ~~conjunction~~as ~~with~~“a ~~the~~development ~~audited~~stage ~~financial~~company” ~~statements~~that ~~and~~has ~~notes~~no ~~thereto~~specific ~~contained~~business inplan ~~the~~or ~~Company’s~~purpose, ~~most~~or ~~recent~~has ~~Annual~~indicated ~~Financial~~that ~~Statements~~its ~~filed~~business ~~with~~plan ~~the~~is ~~SEC~~to onengage ~~Form~~in ~~10.~~a Inmerger ~~the~~or ~~opinion~~acquisition ofwith ~~management,~~an ~~all~~unidentified ~~adjustments,~~company ~~consisting~~or ~~of normal recurring adjustments~~companies, ~~necessary~~or ~~for~~other aentity ~~fair~~or ~~presentation~~person; ofand ~~financial~~issues ~~position~~‘penny ~~and~~stock,’ ~~the~~as ~~results~~defined ofin ~~operations~~Rule ~~for~~3a51-1 under the ~~interim~~Securities ~~period~~Exchange ~~presented~~Act ~~have~~of ~~been reflected herein~~1934. ~~The~~Many ~~results~~states ofhave ~~operations~~enacted ~~for~~statutes, ~~the~~rules ~~interim~~and ~~period~~regulations ~~are~~limiting ~~not~~the ~~necessarily~~sale ~~indicative~~ of ~~the~~securities ~~results~~of to"blank becheck" ~~expected~~companies ~~for~~in ~~the~~their ~~full~~respective ~~year~~jurisdictions. ~~Notes~~Management todoes ~~the~~not ~~financial~~intend ~~statements~~to ~~which~~undertake ~~would~~any ~~substantially~~efforts ~~duplicate~~to ~~the~~cause ~~disclosures~~a ~~contained~~market into ~~the~~develop ~~audited~~in ~~financial~~its ~~statements~~securities, ~~for~~either ~~the~~debt ~~most~~or ~~recent fiscal period~~equity, asuntil ~~reported in~~ the ~~Form~~Company ~~10,~~concludes ~~have~~a ~~been~~business ~~omitted~~combination.

The Company was organized as a vehicle to investigate and, if such investigation warrants, acquire a target company or business seeking the perceived advantages of being a publicly held corporation and, to a lesser extent that desires to employ the Company’s funds in its business. The Company’s principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with a business (“Business Combination”) rather than immediate, short-term earnings. The Company will not restrict its potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business. The analysis of new business opportunities will be undertaken by or under the supervision of the officers and directors of the Company.

Recent Pronouncements

Management does not believe that any other recently issued, but not yet effective, accounting pronouncements, if adopted, would have a material effect on the accompanying financial statements.

Note 2 – Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As reflected in the accompanying financial statements, the Company had a deficit accumulated during the development stage of $3,301 at August 31, 2010, and had a net loss of $2,162 for the six months ended August 31, 2010 and cash used in operations of $2,058 for the six months ended August 31, 2010, respectively, with no revenues earned since inception. These conditions raise substantial doubt about our ability to continue as a going concern.

While the Company is attempting to commence operations and generate revenues, the Company’s cash position may not be sufficient enough to support the Company’s daily operations. Management intends to raise additional funds by way of a public or private offering. Management believes that the actions presently being taken to further implement its business plan and generate revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate revenues.

The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Note 3 – Stockholder’ Deficit

The Company was incorporated on February 24, 2010, at which time 10,000 shares of common stock were issued to the Company’s founders at $0.001 per share, or $1 in the aggregate for services performed.

During the six months ended August 31, 2010, the stockholders of the Company contributed $2,058 for payment of costs associated with the corporate governance and statutory compliance.

Note 4 – Change of Control

In August, 2010, our current Chief Executive Officer, Lin-Chi Chu, purchased 100% of the 10,000 issued and outstanding shares of the Company for cash, effecting a change in control.

Note 5 – Subsequent Events

In September, 2010, $11,250 was paid by an affiliate for prepaid legal fees for future use in corporate compliance and acquisitions. The advance bears no interest and will be repaid upon a successful capital raise.

In September, 2010, the Company amended its Articles of Incorporation to change its name from DE Acquisition 1, Inc. to Ever Thrive Energy Technology Co., Inc.

Item 2. Management’s Discussion and Analysis or Plan of Operation

~~Management’s~~The ~~Discussion~~following plan of operation provides information which management believes is relevant to an assessment and ~~Analysis~~understanding orof ~~Plan~~our results of ~~Operation~~operations and financial condition. The discussion should be read along with our financial statements and notes thereto. The following discussion and analysis contains forward-looking statements, which involve risks and uncertainties. Our actual results may differ significantly from the results, expectations and plans discussed in these forward-looking statements.

~~The~~Plan ~~following plan~~ of operation provides information which management believes is relevant to an assessment and understanding of our results of operations and financial condition. The discussion should be read along with our financial statements and notes thereto. The following discussion and analysis contains forward-looking statements, which involve risks and uncertainties. Our actual results may differ significantly from the results, expectations and plans discussed in these forward-looking statements.Operation

~~Plan~~We were organized as a vehicle to investigate and, if such investigation warrants, acquire a target company or business seeking the perceived advantages of ~~Operation~~being a publicly held corporation. Our principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with a business rather than immediate, short-term earnings. We will not restrict our potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business.

We ~~were~~do ~~organized~~not ascurrently aengage ~~vehicle~~in toany ~~investigate~~business ~~and,~~activities ifthat ~~such~~provide ~~investigation~~cash ~~warrants,~~flow. ~~acquire~~The acosts ~~target company or business seeking the perceived advantages~~ of ~~being~~investigating aand ~~publicly~~analyzing ~~held corporation. Our principal~~ business ~~objective~~combinations for the next 12 months and beyond such time will be topaid ~~achieve~~with ~~long-term~~money ~~growth~~in ~~potential~~our ~~through~~treasury aor ~~combination~~ with aadditional ~~business~~amounts, ~~rather~~as ~~than immediate~~necessary, ~~short-term~~to ~~earnings. We~~be ~~will~~loaned ~~not~~to ~~restrict~~or ~~our~~invested ~~potential~~in ~~candidate~~us ~~target~~by ~~companies~~our ~~to any specific business~~stockholders, ~~industry~~management or ~~geographical~~other ~~location and, thus, may acquire any type of business~~investors.

WeDuring ~~do not currently engage in any business activities that provide cash flow. The costs of investigating and analyzing business combinations for~~ the next 12 months ~~and~~we ~~beyond~~anticipate ~~such~~incurring ~~time~~costs ~~will~~related ~~be paid with money in our treasury or with additional amounts, as necessary,~~ to ~~be loaned to or invested in us by our stockholders, management or other investors.~~:

~~During~~(i) ~~the~~filing ~~next~~of 12Exchange ~~months~~Act wereports, ~~anticipate~~and ~~incurring~~(ii) ~~costs~~consummating ~~related~~an ~~to:~~acquisition.

~~(i)~~We ~~filing~~believe we will be able to meet these costs through use of ~~Exchange~~funds ~~Act~~in ~~reports,~~our treasury and ~~(ii)~~additional ~~consummating~~amounts, anas ~~acquisition~~necessary, to be loaned by or invested in us by our stockholders, management or other investors.

We ~~believe~~are wein ~~will~~the bedevelopment ~~able~~stage toand ~~meet~~have ~~these~~negative ~~costs~~working ~~through~~capital, ~~use~~negative ofstockholders’ ~~funds~~equity inand ~~our~~have ~~treasury~~not ~~and~~earned ~~additional~~any ~~amounts,~~revenues from operations to date. These conditions raise substantial doubt about our ability to continue as ~~necessary,~~a going concern. We are currently devoting its efforts to belocating ~~loaned~~merger bycandidates. orOur ~~invested~~ability into uscontinue byas a going concern is dependent upon our ~~stockholders~~ability to develop additional sources of capital, ~~management~~locate orand ~~other~~complete ~~investors~~a merger with another company, and ultimately, achieve profitable operations.

We ~~are~~may inconsider ~~the~~a ~~development~~business ~~stage~~which ~~and~~has ~~have~~recently ~~negative~~commenced ~~working capital~~operations, ~~negative~~is ~~stockholders’~~a ~~equity~~developing ~~and~~company ~~have~~in ~~not~~need ~~earned~~of ~~any~~additional ~~revenues~~funds ~~from~~for ~~operations~~expansion into new products or markets, is seeking to ~~date.~~develop ~~These~~a ~~conditions~~new ~~raise~~product ~~substantial~~or ~~doubt~~service, ~~about~~or ~~our~~is ~~ability~~an toestablished ~~continue~~business aswhich amay ~~going~~be ~~concern.~~experiencing Wefinancial ~~are~~or ~~currently~~operating ~~devoting~~difficulties ~~its~~and ~~efforts~~is toin ~~locating~~need ~~merger~~of ~~candidates~~additional capital. ~~Our~~In ~~ability~~the toalternative, ~~continue~~a asbusiness acombination ~~going~~may ~~concern~~involve isthe ~~dependent~~acquisition ~~upon~~of, ~~our~~or ~~ability~~merger towith, ~~develop~~a ~~additional~~company ~~sources~~which ofdoes not need substantial additional capital, ~~locate~~but ~~and~~which ~~complete~~desires to establish a ~~merger~~public ~~with~~trading ~~another~~market ~~company~~for its shares, ~~and~~while ~~ultimately~~avoiding, ~~achieve~~among ~~profitable~~other ~~operations~~things, the time delays, significant expense, and loss of voting control which may occur in a public offering.

WeOur ~~may~~sole ~~consider~~officer aand ~~business~~director ~~which~~have ~~has~~not ~~recently~~had ~~commenced~~any ~~operations,~~preliminary iscontact aor ~~developing~~discussions ~~company~~with inany ~~need~~representative of ~~additional~~any ~~funds~~other ~~for~~entity ~~expansion~~regarding ~~into~~a ~~new~~business ~~products~~combination orwith ~~markets,~~us. Any target business that is ~~seeking~~selected tomay ~~develop~~be a ~~new~~financially ~~product~~unstable orcompany ~~service,~~ or is an ~~established~~entity ~~business~~in ~~which~~its ~~may~~early bestages ~~experiencing~~of ~~financial~~development or ~~operating~~growth, ~~difficulties~~including ~~and~~entities iswithout inestablished ~~need~~records of ~~additional~~sales ~~capital~~or earnings. In ~~the~~that ~~alternative~~event, awe ~~business~~will ~~combination~~be ~~may~~subject ~~involve~~to numerous risks inherent in the ~~acquisition~~business and operations of, financially unstable and early stage or ~~merger~~potential ~~with~~emerging growth companies. In addition, awe ~~company~~may ~~which~~effect ~~does~~a ~~not~~business ~~need~~combination ~~substantial~~with ~~additional~~an ~~capital,~~entity ~~but~~in ~~which~~an ~~desires~~industry tocharacterized ~~establish~~by a ~~public~~high ~~trading~~level ~~market~~of ~~for~~risk, ~~its shares~~and, ~~while~~although ~~avoiding,~~our ~~among~~management ~~other~~will ~~things,~~endeavor to evaluate the ~~time~~risks ~~delays,~~inherent ~~significant~~in ~~expense~~a particular target business, ~~and~~there ~~loss~~can ofbe ~~voting~~no ~~control~~assurance ~~which~~that ~~may~~we ~~occur~~will inproperly aascertain ~~public~~or ~~offering~~assess all significant risks.

Our ~~officers~~management ~~and~~anticipates ~~directors~~that ~~have~~it ~~not~~will ~~had~~likely ~~any~~be ~~preliminary~~able ~~contact~~to oreffect ~~discussions~~only ~~with~~one ~~any representative of any other entity regarding a~~ business combination, ~~with~~due ~~us.~~primarily ~~Any~~to ~~target~~our ~~business~~limited ~~that~~financing isand ~~selected~~the ~~may~~dilution ~~be a financially unstable company or an entity in its early stages~~ of ~~development~~interest orfor ~~growth,~~present ~~including~~and ~~entities~~prospective ~~without established records of sales or earnings. In that event~~stockholders, wewhich ~~will~~is belikely ~~subject~~ to ~~numerous~~occur ~~risks~~as ~~inherent~~a inresult ~~the business and operations~~ of ~~financially~~our ~~unstable~~management’s ~~and~~plan ~~early~~to ~~stage~~offer ora ~~potential~~controlling ~~emerging~~interest ~~growth~~to ~~companies. In addition, we may effect~~ a target business ~~combination with an entity~~ in anorder ~~industry~~to ~~characterized~~achieve by a ~~high~~tax-free ~~level~~reorganization. ofThis ~~risk,~~lack ~~and,~~of ~~although~~diversification ~~our~~should ~~management~~be ~~will~~considered ~~endeavor~~a tosubstantial ~~evaluate~~risk ~~the~~in ~~risks~~investing ~~inherent~~ in aus, ~~particular~~because ~~target~~it ~~business,~~will ~~there~~not ~~can~~permit beus noto ~~assurance~~offset ~~that~~potential welosses ~~will~~from ~~properly~~one ~~ascertain~~venture oragainst ~~assess~~gains ~~all~~from ~~significant risks~~another.

~~Our~~We ~~management~~anticipate ~~anticipates~~ that itthe ~~will~~selection ~~likely~~of a business combination will be ~~able~~complex toand ~~effect~~extremely ~~only~~risky. ~~one~~Because ~~business~~of ~~combination~~general economic conditions, ~~due~~rapid ~~primarily~~technological toadvances being made in some industries and shortages of available capital, our management believes that there are numerous firms seeking even the limited ~~financing~~additional capital which we will have and/or the ~~dilution~~perceived benefits of ~~interest~~becoming ~~for~~a ~~present~~publicly ~~and~~traded ~~prospective~~corporation. ~~stockholders~~Such perceived benefits of becoming a publicly traded corporation include, among other things, facilitating or improving the terms on which isadditional ~~likely~~equity tofinancing ~~occur~~may asbe aobtained, ~~result~~providing liquidity for the principals of ~~our~~and ~~management’s~~investors ~~plan~~in toa ~~offer~~business, creating a ~~controlling~~means ~~interest~~for providing incentive stock options or similar benefits to akey ~~target~~employees, ~~business~~and offering greater flexibility in ~~order~~structuring toacquisitions, ~~achieve~~joint aventures ~~tax-free~~and ~~reorganization.~~the ~~This~~like ~~lack~~through the issuance of ~~diversification~~stock. ~~should~~Potentially beavailable ~~considered~~business acombinations ~~substantial~~may ~~risk~~occur in ~~investing~~many indifferent usindustries and at various stages of development, ~~because~~all itof which will ~~not~~make ~~permit~~the ustask toof ~~offset~~comparative ~~potential~~investigation ~~losses~~and ~~from~~analysis ~~one~~of ~~venture~~such ~~against~~business ~~gains~~opportunities ~~from~~extremely ~~another~~difficult and complex.

We anticipate that the selection of a business combination will be complex and extremely risky. Because of general economic conditions, rapid technological advances being made in some industries and shortages of available capital, our management believes that there are numerous firms seeking even the limited additional capital which we will have and/or the perceived benefits of becoming a publicly traded corporation. Such perceived benefits of becoming a publicly traded corporation include, among other things, facilitating or improving the terms on which additional equity financing may be obtained, providing liquidity for the principals of and investors in a business, creating a means for providing incentive stock options or similar benefits to key employees, and offering greater flexibility in structuring acquisitions, joint ventures and the like through the issuance of stock. Potentially available 9

9We anticipate that the selection of a business combination will be complex and extremely risky. Because of general economic conditions, rapid technological advances being made in some industries and shortages of available capital, our management believes that there are numerous firms seeking even the limited additional capital which we will have and/or the perceived benefits of becoming a publicly traded corporation. Such perceived benefits of becoming a publicly traded corporation include, among other things, facilitating or improving the terms on which additional equity financing may be obtained, providing liquidity for the principals of and investors in a business, creating a means for providing incentive stock options or similar benefits to key employees, and offering greater flexibility in structuring acquisitions, joint ventures, and the like through the issuance of stock. Potentially available business combinations may occur in many different industries and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex.

~~business~~Results ~~combinations may occur in many different industries and at various stages~~ of ~~development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex.~~Operation

~~Results~~We have not had any operating income since inception. For the six months ended August 31, 2010, we incurred a net loss of ~~Operation~~$2,162 and since inception we have incurred a net loss of $3,301. Expenses from inception were comprised of costs mainly associated with legal, accounting and office expense.

WeLiquidity ~~have not had any operating income since inception. For the three months ended May 31, 2010, we incurred a net loss of $104~~ and ~~since~~Capital ~~inception we have incurred a net loss of $1,243. Expenses from inception were comprised of costs mainly associated with legal, accounting and office expense.~~Resources

~~Liquidity~~At August 31, 2010, we had no capital resources and ~~Capital~~will ~~Resources~~rely upon the issuance of common stock and additional capital contributions from stockholders to fund administrative expenses pending acquisition of an operating company. However, our stockholders are under no obligation to provide such funding.

AtManagement ~~May~~anticipates 31seeking out a target company through solicitation. Such solicitation may include newspaper or magazine advertisements, ~~2010~~mailings and other distributions to law firms, weaccounting ~~had~~firms, noinvestment ~~capital~~bankers, ~~resources~~financial advisors and ~~will~~similar ~~rely~~persons, ~~upon~~ the ~~issuance~~use of ~~common~~one ~~stock~~or more World Wide Web sites and ~~additional~~similar ~~capital~~methods. ~~contributions~~No ~~from~~estimate ~~shareholders~~can tobe ~~fund~~made ~~administrative~~as ~~expenses~~to ~~pending~~the ~~acquisition~~number of anpersons ~~operating~~who ~~company~~will be contacted or solicited. ~~However,~~ ~~our~~Management ~~shareholders~~may ~~are~~engage ~~under~~in nosuch ~~obligation~~solicitation directly or may employ one or more other entities to ~~provide~~conduct or assist in such ~~funding~~solicitation. Management and its affiliates will pay referral fees to consultants and others who refer target businesses for mergers into public companies in which management and its affiliates have an interest. Payments are made if a business combination occurs, and may consist of cash or a portion of the stock in the Company retained by management and its affiliates, or both.

~~Management~~As ~~anticipates~~reflected ~~seeking~~in ~~out~~the aaccompanying ~~target~~financial ~~company~~statements, ~~through~~the ~~solicitation.~~Company ~~Such~~is ~~solicitation~~in ~~may~~the ~~include~~development ~~newspaper~~stage orwith ~~magazine~~no ~~advertisements,~~operations ~~mailings~~have ~~and~~a ~~other~~net ~~distributions~~loss toof ~~law firms~~$3,301 ~~accounting~~from ~~firms~~inception, ~~investment bankers, financial advisors~~ and ~~similar~~used ~~persons~~$2,058 ~~the use~~ of ~~one~~cash orin ~~more~~operations ~~World~~for ~~Wide~~the ~~Web~~period ~~sites~~from ~~and~~February ~~similar~~24, ~~methods.~~2010 No(inception) ~~estimate can be made as~~ to ~~the~~August ~~number~~31, ~~of persons who will be contacted or solicited~~2010. ~~Management~~This ~~may~~raises ~~engage~~substantial indoubt ~~such~~about ~~solicitation~~its ~~directly~~ability ~~or may employ one or more other entities~~ to ~~conduct~~continue oras ~~assist~~a ingoing ~~such solicitation~~concern. ~~Management~~The ~~and~~ability ~~its~~of ~~affiliates~~the ~~will~~Company ~~pay referral fees~~ to ~~consultants~~continue ~~and~~as ~~others~~a ~~who~~going ~~refer~~concern ~~target~~is ~~businesses~~dependent ~~for~~on ~~mergers~~the ~~into~~Company's ~~public~~ability ~~companies~~to inraise ~~which~~additional ~~management~~capital and implement its ~~affiliates~~business ~~have an interest~~plan. The ~~Payments~~financial ~~are~~statements ~~made~~do ifnot ainclude ~~business~~any ~~combination~~adjustments ~~occurs,~~that ~~and~~might ~~may~~be ~~consist~~necessary ofif ~~cash or a portion of~~ the ~~stock in the~~ Company ~~retained~~is byunable ~~management~~to ~~and~~continue ~~its~~as ~~affiliates,~~a orgoing ~~both~~concern.

AsManagement ~~reflected~~believes inthat ~~the~~actions ~~accompanying~~presently ~~financial~~being ~~statements,~~taken ~~the Company is in the development stage with no operations have a net loss of $1,243 from inception, and used no cash in operations for the period from February 24, 2010 (inception)~~ to ~~May~~obtain ~~31, 2010. This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company's ability to raise~~ additional ~~capital~~funding and implement its ~~business~~strategic ~~plan. The~~plans ~~financial~~provide ~~statements~~the doopportunity ~~not~~for ~~include any adjustments that might be necessary if~~ the Company ~~is unable~~ to continue as a going concern.

~~Management~~Lin-Chi ~~believes~~Chu ~~that~~will ~~actions~~supervise ~~presently~~the ~~being~~search ~~taken~~for target companies as potential candidates for a business combination. Lin-Chi Chu will pay, at his own expense, any costs she incurs in supervising the search for a target company. Lin-Chi Chu may enter into agreements with other consultants to ~~obtain~~assist ~~additional~~in ~~funding~~locating a target company and ~~implement~~may ~~its~~share ~~strategic~~stock ~~plans~~received ~~provide~~by it or cash resulting from the ~~opportunity~~sale ~~for~~of its securities with such other consultants. Lin-Chi Chu as our officer and director has the ~~Company~~authority to ~~continue~~enter asinto aany ~~going~~agreement ~~concern~~binding us.

~~Ruth~~Critical ~~Shepley~~Accounting will supervise the search for target companies as potential candidates for a business combination. Ruth Shepley will pay, at his own expense, any costs she incurs in supervising the search for a target company. Ruth Shepley may enter into agreements with other consultants to assist in locating a target company and may share stock received by it or cash resulting from the sale of its securities with such other consultants. Ruth Shepley controls us and therefore has the authority to enter into any agreement binding us. Ruth Shepley as our sole officer, director and only shareholder can authorize any such agreement binding us.Policies

~~Critical~~We ~~Accounting~~have ~~Policies~~identified the policies outlined below as critical to our business operations and an understanding of our results of operations. The list is not intended to be a comprehensive list of all of our accounting policies. In many cases, the accounting treatment of a particular transaction is specifically dictated by accounting principles generally accepted in the United States, with no need for management's judgment in their application.

WeIncome have identified the policies outlined below as critical to our business operations and an understanding of our results of operations. The list is not intended to be a comprehensive list of all of our accounting policies. In many cases, the accounting treatment of a particular transaction is specifically dictated by accounting principles generally accepted in the United States, with no need for management's judgment in their application.taxes

The Company ~~accounts~~follows ~~for~~Section ~~income~~740-10-30 ~~taxes~~of ~~under~~the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities for the ~~Statement~~expected future tax consequences of ~~Financial~~events ~~Accounting~~that ~~Standards~~have ~~No.~~been ~~109,~~included ~~“Accounting~~in ~~for~~the ~~Income~~financial ~~Taxes”~~statements ~~(“SFAS~~or ~~109”)~~tax returns. Under ~~SFAS~~this ~~109~~method, deferred tax assets and liabilities are ~~recognized~~based ~~for~~on the ~~future tax consequences attributable to~~ differences between the financial statement ~~carrying~~and ~~amounts~~tax bases of ~~existing~~ assets and liabilities ~~and~~using ~~their~~enacted ~~respective~~tax rates in effect for the year in which the differences are expected to reverse. Deferred tax ~~bases~~assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. ~~Under~~The ~~SFAS 109, the~~ effect on deferred tax assets and liabilities of a change in tax rates is recognized in ~~income~~the Statements of Operations in the period that includes the enactment date.

~~Recent Pronouncements~~10

InThe ~~June~~Company ~~2003, the SEC~~ adopted ~~final~~section ~~rules~~740-10-25 ~~under Section 404~~ of the ~~Sarbanes-Oxley~~FASB ~~Act~~Accounting ofStandards ~~2002~~Codification (“Section ~~404~~740-10-25”),. asSection ~~amended~~740-10-25.addresses bythe ~~SEC~~determination ~~Release~~of ~~No.~~whether ~~33-9072~~tax benefits claimed or expected to be claimed on ~~October~~a ~~13,~~tax ~~2009~~return should be recorded in the financial statements. Under ~~Commencing~~Section ~~with~~740-10-25, the Company’s ~~Annual~~may ~~Report~~recognize ~~for~~ the ~~fiscal~~tax ~~year~~benefit ~~ended~~from ~~February~~an ~~28,~~uncertain ~~2011,~~tax ~~the~~position ~~Company~~only if it is ~~required~~more tolikely ~~include~~than anot ~~report~~that ofthe ~~management~~tax position will be sustained on examination by the ~~Company’s~~taxing ~~internal~~authorities, ~~control~~based ~~over~~on ~~financial~~the ~~reporting.~~technical merits of the position. The ~~internal~~tax ~~control~~benefits ~~report~~recognized ~~must~~in ~~include~~the financial statements from such a ~~statement~~position ofshould ~~management’s~~be ~~responsibility~~measured ~~for~~based ~~establishing~~on ~~and~~the ~~maintaining~~largest ~~adequate~~benefit ~~internal~~that ~~control~~has ~~over~~a ~~financial~~greater ~~reporting~~than ~~for~~fifty ~~the~~percent ~~Company;~~(50%) likelihood of ~~management’s~~being ~~assessment~~realized ofupon ~~the~~ultimate ~~effectiveness~~settlement. Section of740-10-25 ~~the~~also ~~Company’s~~provides ~~internal~~guidance ~~control~~on ~~over~~de-recognition, ~~financial~~classification, ~~reporting~~interest asand ofpenalties ~~year~~on ~~end;~~income oftaxes, ~~the~~and ~~framework~~accounting ~~used~~in byinterim ~~management~~periods, and requires increased disclosures. The Company had no material adjustments to ~~evaluate~~its ~~the~~liabilities ~~effectiveness~~for ofunrecognized income tax benefits according to the ~~Company’s~~provisions ~~internal~~of Section 740-10-25.

10Off Balance Sheet Transactions

control over financial reporting; and that the Company’s independent accounting firm has issued an attestation report on management’s assessment of the Company’s internal control over financial reporting, which report is also required to be filed as part of the Annual Report on Form 10-KNone.

InItem ~~January 2010, the FASB issued the FASB Accounting Standards Update No~~3. ~~2010-01~~Quantitative ~~“Equity Topic 505 – Accounting for Distributions to Shareholders with Components of Stock~~ and ~~Cash”,~~Qualitative ~~which~~Disclosures ~~clarify~~About ~~that~~Market the stock portion of a distribution to shareholders that allows them to elect to receive cash or stock with a potential limitation on the total amount of cash that all shareholders can elect to receive in the aggregate is considered a share issuance that is reflected in EPS prospectively and is not a stock dividend for purposes of applying Topics 505 and 260 (Equity and Earnings Per Share (“EPS”)). Those distributions should be accounted for and included in EPS calculations in accordance with paragraphs 480-10-25- 14 and 260-10-45-45 through 45-47 of the FASB Accounting Standards codification. The amendments in this Update also provide a technical correction to the Accounting Standards Codification. The correction moves guidance that was previously included in the Overview and Background Section to the definition of a stock dividend in the Master Glossary. That guidance indicates that a stock dividend takes nothing from the property of the corporation and adds nothing to the interests of the stockholders. It also indicates that the proportional interest of each shareholder remains the same, and is a key factor to consider in determining whether a distribution is a stock dividend.Risk

InAs ~~January 2010, the FASB issued the FASB Accounting Standards Update No. 2010-02 “Consolidation Topic 810 – Accounting and Reporting for Decreases in Ownership of~~ a ~~Subsidiary~~smaller –reporting ~~a Scope Clarification”~~company, ~~which~~we ~~provides~~are ~~amendments~~not torequired ~~Subtopic 810-10 and related guidance within U.S. GAAP~~ to ~~clarify~~provide ~~that~~ the ~~scope~~information ofrequired ~~the~~by ~~decrease~~this ~~in ownership provisions of the Subtopic and related guidance applies to the following:~~Item.

1Item 4. Controls Aand ~~subsidiary or group of assets that is a business or nonprofit activity~~Procedures

2As of the end of the period covered by this report, we carried out an evaluation, under the supervision and with the participation of our sole executive officer, who is our principal executive officer and principal financial and accounting officer, of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Based Aupon ~~subsidiary~~that evaluation, our sole executive officer concluded that isour adisclosure ~~business~~controls orand ~~nonprofit~~procedures ~~activity~~were effective as of the end of the applicable period to ensure that isthe ~~transferred~~information required to anbe ~~equity~~disclosed ~~method~~by ~~investee~~the Company in reports that it files or ~~joint~~submits ~~venture~~under the Exchange Act (i) is recorded, processed, summarized, and reported within the time periods specified in Securities and Exchange Commission rules and forms and (ii) is accumulated and communicated to our management, including our principal executive officer and principal financial and accounting officer, as appropriate to allow timely decisions regarding required disclosures.

3.Changes ~~An exchange of a group of assets that constitutes a business or nonprofit activity for a noncontrolling interest~~ in anInternal ~~entity~~Control ~~(including~~over anFinancial ~~equity method investee or joint venture).~~Reporting

~~The~~There ~~amendments~~was no change in ~~this~~our ~~Update~~internal ~~also~~control ~~clarify~~over ~~that~~financial ~~the~~reporting ~~decrease~~during inour ~~ownership~~most ~~guidance~~recent infiscal ~~Subtopic~~quarter ~~810-10~~that ~~does~~has ~~not~~materially ~~apply~~affected, or is reasonably likely to ~~the~~materially ~~following~~affect, ~~transactions~~our ~~even~~internal ifcontrol ~~they~~over ~~involve~~financial ~~businesses:~~reporting.

~~1. Sales of in substance real estate. Entities should apply the sale of real estate guidance in Subtopics 360-20 (Property, Plant, and Equipment) and 976-605 (Retail/Land) to such transactions.~~11

2.PART ~~Conveyances~~II ~~of oil and gas mineral rights. Entities should apply the mineral property conveyance and related transactions guidance in Subtopic 932~~-~~360~~ ~~(Oil~~OTHER ~~and Gas-Property, Plant, and Equipment) to such transactions.~~INFORMATION

IfItem a decrease in ownership occurs in a subsidiary that is not a business or nonprofit activity, an entity first needs to consider whether the substance of the transaction causing the decrease in ownership is addressed in other U1.S. ~~GAAP,~~Legal such as transfers of financial assets, revenue recognition, exchanges of nonmonetary assets, sales of in substance real estate, or conveyances of oil and gas mineral rights, and apply that guidance as applicableProceedings. ~~If no other guidance exists, an entity should apply the guidance in Subtopic 810-10.~~

~~Management~~There ~~does~~have ~~not~~been ~~believe~~no ~~that~~material ~~any~~developments ~~other~~during ~~recently~~the ~~issued~~quarter ended June 30, ~~but~~2010 ~~not~~in ~~yet~~any ~~effective~~material ~~accounting~~pending ~~pronouncements,~~legal ifproceedings ~~adopted,~~to ~~would~~which ~~have~~the Company is a ~~material~~party ~~effect~~or onof ~~the~~which ~~accompanying~~any ~~financial~~of ~~statements~~our property is the subject.

~~Off~~Item ~~Balance~~1A. ~~Sheet~~Risk ~~Transactions~~Factors

~~None~~As a smaller reporting company, we are not required to provide the information required by this Item.

Item 32. Unregistered Sales of Equity Securities and Use of Proceeds

~~Quantitative and Qualitative Disclosures About Market Risk~~None.

~~The~~Item ~~Company is subject to certain market risks, including changes in interest rates and currency exchange rates~~3. ~~The~~ ~~Company~~Defaults ~~does~~Upon ~~not~~Senior ~~undertake any specific actions to limit those exposures~~Securities.

11None.

Item 4T4. (Removed & Reserved).

~~Controls~~Item ~~and~~5. ~~Procedures~~Other Information.

Pursuant to Rule 13a-15(b) under the Securities Exchange Act of 1934 (“Exchange Act”), the Company carried out an evaluation, with the participation of the Company’s management, including the Company’s Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”) (the Company’s principal financial and accounting officer), of the effectiveness of the Company’s disclosure controls and procedures (as defined under Rule 13a-15(e) under the Exchange Act) as of the end of the period covered by this reportNone. Based upon that evaluation, the Company’s CEO and CFO concluded that the Company’s disclosure controls and procedures are effective to ensure that information required to be disclosed by the Company in the reports that the Company files or submits under the Exchange Act, is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to the Company’s management, including the Company’s CEO and CFO, as appropriate, to allow timely decisions regarding required disclosure.

~~Management’s~~Item ~~Report~~6. ~~on Internal Controls over Financial Reporting~~Exhibits

Internal control over financial reporting is a process to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles. There has been no change in the Company’s internal control over financial reporting during the quarter ended May 31, 2010 that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

Exhibit Number		Description
3.1		Certificate of Incorporation (1)

3.2		Bylaws (1)

10.1		Stock Purchase Agreement between the Registrant, Richard I. Anslow, Gregg E. Jaclin, and ARC China Investment Funds, dated June 28, 2010 (2)

31.1		Section 302 Certification by the Corporation’s Principal Executive Officer *

31.2		Section 302 Certification by the Corporation’s Principal Financial and Accounting Officer *

32.1		Section 906 Certification by the Corporation’s Principal Executive Officer

32.2		Section 906 Certification by the Corporation’s Principal Financial and Accounting Officer *

The Company’s management, including the Company’s CEO and CFO, does not expect that the Company’s disclosure controls and procedures or the Company’s internal controls will prevent all errors and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of the controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected.

*	Filed herewith.
(1)	Filed on February 12, 2010 as an exhibit to our Registration Statement on Form 10, and incorporated herein by reference.
(2)	Filed on July 1, 2010 as an exhibit to our Current Report on Form 8-K, and incorporated herein by reference.

Management conducted an evaluation of the effectiveness of our internal control over financial reporting based on the framework in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on this evaluation, management concluded that the company’s internal control over financial reporting was effective as of May 31, 2010.12

This quarterly report does not include an attestation report of the Company's registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by the Company's registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit the Company to provide only management's report in this quarterly report.SIGNATURES

12Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

PART II - OTHER INFORMATION

	EVER THRIVE ENERGY TECHNOLOGY CO., INC.
	(Registrant)

Date: October 13, 2010	By:	/s/ Lin-Chi Chu
		Lin-Chi Chu
		Chief Executive Officer

~~Item 1.~~ 13

Legal Proceedings.

We are currently not involved in any litigation that we believe could have a material adverse effect on our financial condition or results of operations. There is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the executive officers of our company or any of our subsidiaries, threatened against or affecting our company, our common stock, any of our subsidiaries or of our companies or our subsidiaries’ officers or directors in their capacities as such, in which an adverse decision could have a material adverse effect.

Item 1A.

Risk Factors

None

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3.

Defaults Upon Senior Securities.

None

Item 4.

(Removed & Reserved).

Item 5.

Other Information.

None

Item 6.

Exhibits

(a)

Exhibits

Certifications pursuant to Section 302 of Sarbanes Oxley Act of 2002

Certifications pursuant to Section 906 of Sarbanes Oxley Act of 2002

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Signature	Title	Date
/s/ Ruth Shepley	CEO and CFO	July 14, 2010
Ruth Shepley

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