UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2010

For the quarterly period ended March 31, 2010

[_] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ..............to...............

~~For~~Commission ~~the~~File ~~transition~~Number ~~period from ...........to...............~~ 000-53399

~~Commission~~China ~~File~~Golf ~~Number~~Group, ~~000-53397~~Inc.

Alpine Alpha 2, Ltd.

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(Exact name of registrant as specified in its charter)

Delaware -------------------------------------------------------------------	75-3264747 -------------------------------------------------------------------
	Delaware	75-3264747
~~(State or other jurisdiction~~	(~~I.R.S.~~State ~~Employer~~or other jurisdiction	(I.R.S. Employer
~~of incorporation or organization)~~	~~Identification~~of ~~No.~~incorporation or organization)	Identification No.)

POChina ~~Box~~Merchants ~~735~~Tower, ~~Alpine,~~Suite ~~New Jersey 07620~~1503

~~-------------------------------------------------------------------~~161 Lujiazui East Road, Shanghai PRC 20001

(Address of principal executive offices) (Zip Code)

~~(917) 915~~011-~~8857~~86-21 5876 5017

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(Registrant's telephone number, including area code)

~~N/A~~Alpine Alpha 2, Ltd.

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(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 the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ¨o Accelerated filer ¨o Non-accelerated filer ¨o (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 [X ] No[ X ]

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes [ ] No [ ]

APPLICABLE ONLY TO CORPORATE ISSUERS

~~Indicate~~As ~~the number~~ of ~~shares~~August ~~outstanding~~16, of2010, ~~each~~the ofCompany ~~the~~had ~~issuer's~~30,124,578 ~~classes~~shares of common stock, aspar ofvalue ~~the~~$.001 ~~latest~~per ~~practicable~~share ~~date:~~(the ~~there~~“Common ~~were~~Stock”) ~~836,478~~issued ~~shares~~and outstanding ~~as of May 17, 2010~~.

~~PART~~TABLE IOF ~~- FINANCIAL INFORMATION~~CONTENTS

Item 1. Financial Statements

		Page
PART I FINANCIAL INFORMATION

Item 1.	Financial Statements.	1

	Condensed Balance Sheets
	As of June 30, 2010 (Unaudited) and December 31, 2009	1

	Condensed Statements of Operations for
	the Three Months and the Six Months Ended June 30, 2010 and 2009 (Unaudited)	2

	Condensed Statements of Changes in Stockholders' Deficits for
	the Period from October 29, 3007 (Inception) to June 30, 2010 (Unaudited)	3

	Condensed Statements of Cash Flows
	for the Six Months Ended June 30, 2010 and 2009 (Unaudited)	4

	Notes to the Interim Condensed Financial Statements (Unaudited)	5

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.	8

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	10

Item 4.	Controls and Procedures.	10

PART II OTHER INFORMATION

Item 6.	Exhibits	10

Signatures		11

Exhibits/Certifications		12

~~ALPINE~~CHINA ~~ALPHA~~GOLF 2GROUP, ~~LTD~~INC.

(F/K/A ALPINE ALPHA 2, LTD)

(A DEVELOPMENT STAGE COMPANY)

CONTENTS

PAGE	1	CONDENSED BALANCE SHEETS AS OF ~~MARCH~~JUNE 3130, 2010 (UNAUDITED) AND AS OF DECEMBER 31, 2009
PAGE	2	CONDENSED STATEMENTS OF OPERATIONS FOR THE THREE AND SIX MONTHS ENDED ~~MARCH~~JUNE 3130, 2010 AND 2009, AND FOR THE PERIOD FROM OCTOBER 29, 2007 (INCEPTION) TO ~~MARCH~~JUNE 3130, 2010 (UNAUDITED).
PAGE	3	CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS’ ~~DEFICIENCY~~DEFICITS FOR THE PERIOD FROM OCTOBER 29, 2007 (INCEPTION) TO ~~MARCH~~JUNE 3130, 2010 (UNAUDITED).
PAGE	4	CONDENSED STATEMENTS OF CASH FLOWS FOR THE ~~THREE~~SIX MONTHS ENDED ~~MARCH~~JUNE 3130, 2010 AND 2009, AND FOR THE PERIOD FROM OCTOBER 29, 2007 (INCEPTION) TO ~~MARCH~~JUNE 3130, 2010 (UNAUDITED)
PAGES	5 - 127	NOTES TO CONDENSED UNAUDITED FINANCIAL STATEMENTS

Alpine Alpha 2, LTD
(A Development Stage Company)
Condensed Balance Sheets
(Unaudited)
ASSETS
	March 31, 2010			December 31, 2009
	(Unaudited)
Current Assets
Cash	$	-		$	1,380
Assets	$	-		$	1,380
LIABILITIES AND STOCKHOLDERS' DEFICIENCY
Current Liabilities
Accounts Payable - Related Party	$	127,439		$	160,000
Accounts Payable		5,050			125
Total Current Liabilities		132,489			160,125
Long Term Liabilities
Note Payable - Related Party		63			13,737
Total Liabilities		132,552			173,862
Commitments and Contingencies		-			-
Stockholders' Deficiency
Preferred stock, $0.001 par value; 1,000,000 shares authorized,
none issued and outstanding		-			-
Common stock, $0.001 par value; 50,000,000 shares authorized, 836,478 and 836,478
issued and outstanding, respectively		836			836
Additional paid-in capital		42,651			42,151
Deficit accumulated during the development stage		(176,039	)		(215,469	)
Total Stockholders' Deficiency		(132,552	)		(172,482	)
Total Liabilities and Stockholders' Deficiency	$	-		$	1,380

PART I - FINANCIAL INFORMATION

~~condensed~~Item ~~unaudited~~1. Financial ~~financial statements~~Statements

China Golf Group, Inc.
(f/k/a Alpine Alpha 2, LTD)
(A Development Stage Company)
Condensed Balance Sheets

ASSETS

	June 30, 2010			December 31, 2009
	(Unaudited)

Current Assets
Cash	$	-		$	1,380
Assets	$	-		$	1,380

LIABILITIES AND STOCKHOLDERS' DEFICIENCY

Current Liabilities
Accounts Payable - Related Party	$	157,439		$	160,000
Accounts Payable		-			125
Total Current Liabilities		157,439			160,125

Long Term Liabilities
Note Payable - Related Party		7,350			13,737

Total Liabilities		164,789			173,862

Commitments and Contingencies		-			-

Stockholders' Deficiency

Preferred stock, $0.001 par value; 1,000,000 shares authorized, none issued and outstanding		-			-
Common stock, $0.001 par value; 50,000,000 shares authorized, 836,478 and 836,478 issued and outstanding, respectively		836			836
Additional paid-in capital		43,298			42,151
Deficit accumulated during the development stage		(208,923	)		(215,469	)
Total Stockholders' Deficits		(164,789	)		(172,482	)

Total Liabilities and Stockholders' Deficits	$	-		$	1,380

The accompanying footnotes are an integral part of these condensed financial statements

Alpine Alpha 2, LTD
(A Development Stage Company)
Condensed Statements of Operations
(Unaudited)
	For Three months Ended						For the Period from October 29, 2007 (inception) to
	March 31, 2010			March 31, 2009			March 31, 2010
Operating Expenses
Professional fees	$	5,400		$	4,902		$	33,405
Consulting expense - related party		30,000			30,000			190,000
General and administrative		150			738			25,093
Total Operating Expenses		35,550			35,640			248,498
Loss from Operations		(35,550	)		(35,640	)		(248,498	)
Other Expenses
Other Income		74,980			-			74,980
Interest Expense		-			(145	)		(1,206	)
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES		39,430			(35,785	)		(174,724	)
Provision for Income Taxes		-			-			(1,315	)
NET INCOME (LOSS)	$	39,430		$	(35,785	)	$	(176,039	)
Net Income (Loss) Per Share - Basic and Diluted	$	0.05		$	(0.05	)
Weighted average number of shares outstanding
during the period - Basic and Diluted		836,478			745,248

China Golf Group, Inc.

~~condensed~~(f/k/a ~~unaudited~~Alpine ~~financial~~Alpha ~~statements~~2, LTD)

(A Development Stage Company)

Condensed Statements of Operations

(Unaudited)

	For Three months Ended						For the Six Months Ended June 30,						For the Period from October 29, 2007
	June 30, 2010			June 30, 2009			2010			2009			(inception) to June 30, 2010

Operating Expenses
Professional fees	$	2,600		$	2,371		$	8,000		$	7,302		$	36,005
Consulting expense - related party		30,000			30,000		$	60,000		$	30,000			220,000
General and administrative		200			-			350			30,709			25,293
Total Operating Expenses		32,800			32,371			68,350			68,011			281,298

Loss from Operations		(32,800	)		(32,371	)		(68,350	)		(68,011	)		(281,298	)

Other Expenses
Other Income		-			-			74,980						74,980
Interest Expense		(84	)		(128	)		(84	)		(273	)		(1,290	)

INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES		(32,884	)		(32,499	)		6,546			(68,284	)		(207,608	)

Provision for Income Taxes		-			-			-			-			(1,315	)

NET INCOME (LOSS)	$	(32,884	)	$	(32,499	)	$	6,546		$	(68,284	)	$	(208,923	)

Net Income (Loss) Per Share - Basic and Diluted	$	(0.04	)	$	(0.04	)	$	0.01		$	(0.09	)


Weighted average number of shares outstanding during the period - Basic and Diluted		836,478			761,478			836,478			753,453

The accompanying footnotes are an integral part of these condensed financial statements

Alpine Alpha 2, LTD
(A Development Stage Company)
Condensed Statement of Changes in Stockholders' Deficiency
For the period from October 29, 2007 (Inception) to March 31, 2010
(Unaudited)
											Deficit
											accumulated
	Preferred Stock				Common stock				Additional		during			Total
									paid-in		development			Stockholder's
	Shares		Amount		Shares		Amount		capital		stage			Deficiency
Balance October 29, 2007		-	$	-		-	$	-	$	-	$	-		$	-
Common stock issued for services to founder ($0.001)		-		-		5,000		5		-		-			5
In kind contribution of services		-		-		-		-		3,600		-			3,600
In kind contribution of expenses		-		-		-		-		198		-			198
Net loss for the period October 29, 2007 (inception) to December 31, 2007		-		-		-		-		-		(4,323	)		(4,323	)
Balance, for the year ended December 31, 2007		-		-		5,000		5		3,798		(4,323	)		(520	)
Common stock issued for cash		-		-		336,133		336		11,081		-			11,417
Common stock issued for cash		-		-		400,000		400		1,600		-			2,000
In kind contribution of services		-		-		-		-		18,400		-			18,400
In kind contribution of interest		-		-		-		-		613		-			613
Net loss for the year ended December 31, 2008		-		-		-		-		-		(77,162	)		(77,162	)
Balance, December 31, 2008		-		-		741,133		741		35,492		(81,485	)		(45,252	)
Common stock issued for cash		-		-		95,345		95		5,066		-			5,161
In kind contribution of legal fees		-		-		-		-		1,000		-			1,000
In kind contribution of interest		-		-		-		-		593		-			593
Net loss for the year ended December 31, 2009		-		-		-		-		-		(133,984	)		(133,984	)
Balance, December 31, 2009		-		-		836,478		836		42,151		(215,469	)		(172,482	)
In kind contribution of legal fees		-		-		-		-		500		-			500
Net income for the three months ended March 31, 2010		-		-		-		-		-		39,430			39,430
Balance, March 31, 2010		-	$	-		836,478	$	836	$	42,651	$	(176,039	)	$	(132,552	)

China Golf Group, Inc.

~~condensed~~(f/k/a ~~unaudited~~Alpine ~~financial~~Alpha ~~statements~~2, LTD)

(A Development Stage Company)

Condensed Statement of Changes in Stockholders' Deficits

For the period from October 29, 2007 (Inception) to June 30, 2010

(Unaudited)

											Deficit
											accumulated
									Additional		during			Total
	Preferred Stock				Common stock				paid-in		development			Stockholder's
	Shares		Amount		Shares		Amount		capital		stage			Deficits

Balance October 29, 2007		-	$	-		-	$	-	$	-	$	-		$	-

Common stock issued for services to founder ($0.001)		-		-		5,000		5		-		-			5

In kind contribution of services		-		-		-		-		3,600		-			3,600

In kind contribution of expenses		-		-		-		-		198		-			198

Net loss for the period October 29, 2007 (inception) to December 31, 2007		-		-		-		-		-		(4,323	)		(4,323	)

Balance, for the year ended December 31, 2007		-		-		5,000		5		3,798		(4,323	)		(520	)

Common stock issued for cash		-		-		336,133		336		11,081		-			11,417

Common stock issued for cash		-		-		400,000		400		1,600		-			2,000

In kind contribution of services		-		-		-		-		18,400		-			18,400

In kind contribution of interest		-		-		-		-		613		-			613

Net loss for the year ended December 31, 2008		-		-		-		-		-		(77,162	)		(77,162	)

Balance, December 31, 2008		-		-		741,133		741		35,492		(81,485	)		(45,252	)

Common stock issued for cash		-		-		95,345		95		5,066		-			5,161

In kind contribution of legal fees		-		-		-		-		1,000		-			1,000

In kind contribution of interest		-		-		-		-		593		-			593

Net loss for the year ended December 31, 2009		-		-		-		-		-		(133,984	)		(133,984	)

Balance, December 31, 2009		-		-		836,478		836		42,151		(215,469	)		(172,482	)

Forgiveness of a related party payable		-		-		-		-		63		-			63

In kind contribution of legal fees		-		-		-		-		1,000		-			1,000

In kind contribution of interest		-		-		-		-		84		-			84

Net income for the six months ended June 30, 2010		-		-		-		-		-		6,546			6,546

Balance, June 30, 2010		-	$	-		836,478	$	836	$	43,298	$	(208,923	)	$	(164,789	)

The accompanying footnotes are an integral part of these condensed financial statements

Alpine Alpha 2, LTD
(A Development Stage Company)
Condensed Statements of Cash Flows
(Unaudited)
	For the Three Months Ended March 31,						For the Period from October 29, 2007 (Inception) to
	2010			2009			March 31, 2010
Cash Flows From Operating Activities:
Net Income (Loss)	$	39,430		$	(35,785	)	$	(176,039	)
Adjustments to reconcile net income (loss) to net cash used in operations
In-kind contribution of services from President		-			-			22,005
In-kind contribution of legal services		500			-			1,500
In-kind contribution of interest		-			70			1,206
In-kind contribution of expenses		-			-			198
Changes in operating assets and liabilities:
Increase in accounts payable and accrued expenses		4,925			33,848			5,050
Increase in accounts payable - related party		(32,561	)		-			127,439
Net Cash Provided By (Used In) Operating Activities		12,294			(1,867	)		(18,641	)
Cash Flows From Financing Activities:
Proceeds from notes payable - related party		-			2,137			25,037
Repayment of notes payable - related party		(13,674	)		(1,000	)		(24,974	)
Proceeds from issuance of common stock		-			5,086			18,578
Net Cash Provided by (Used in) Financing Activities		(13,674	)		6,223			18,641
Net Increase (Decrease) in Cash		(1,380	)		4,356			-
Cash at Beginning of Period		1,380			48			-
Cash at End of Period	$	-		$	4,404		$	-
Supplemental disclosure of cash flow information:
Cash paid for interest	$	-		$	-		$	-
Cash paid for taxes	$	-		$	-		$	1,440

See accompanying notes to

	For the Six Months Ended June 30,						For the Period from October 29, 2007
	2010			2009			(Inception) to June 30, 2010


Cash Flows From Operating Activities:
Net Income (Loss)	$	6,546		$	(32,499	)	$	(208,923	)
Adjustments to reconcile net loss to net cash used in operations
In-kind contribution of services from President		-			-			22,005
In-kind contribution of legal services		1,000			-			2,000
In-kind contribution of interest		84			70			1,289
In-kind contribution of expenses		-			-			198
Changes in operating assets and liabilities:
Increase in accounts payable and accrued expenses		(125	)		33,848			-
Increase in accounts payable - related party		(2,561	)		-			157,439
Net Cash Provided By (Used In) Operating Activities		4,944			1,419			(25,992	)

Cash Flows From Financing Activities:
Proceeds from notes payable - related party		7,350			2,137			32,388
Repayment of notes payable - related party		(13,674	)		(1,000	)		(24,974	)
Proceeds from issuance of common stock		-			5,086			18,578
Net Cash Provided by (Used in) Financing Activities		(6,324	)		6,223			25,992

Net Increase (Decrease) in Cash		(1,380	)		7,642			-

Cash at Beginning of Period		1,380			48			-

Cash at End of Period	$	-		$	7,690		$	-

Supplemental disclosure of cash flow information:

Cash paid for interest	$	-		$	-		$	-
Cash paid for taxes	$	-		$	-		$	1,440

Supplemental disclosure of non-cash investing and financing activities:

During May 2010 a Company's president forgave a $62 related party loan. Not gain or loss was recognized on the forgiveness.

~~condensed~~The ~~unaudited~~accompanying footnotes are an integral part of these condensed financial statements

~~ALPINE~~CHINA ~~ALPHA~~GOLF 2GROUP, ~~LTD~~INC.

(F/K/A ALPINE ALPHA 2, LTD)

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED FINANCIAL STATEMENTS

~~MARCH~~JUNE 3130, 2010

NOTE 1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION

China Golf Group, Inc., formerly Alpine Alpha 2, Ltd. (A"the Company") ~~Basis~~was incorporated on October 29, 2007 under the laws of ~~Presentation~~the State of Delaware.

~~The~~Basis ~~accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in The United States~~ of America and the rules and regulations of the Securities and Exchange Commission for interim financial information. Accordingly, they do not include all the information necessary for a comprehensive presentation of financial position and results of operations.Presentation

ItThe isaccompanying ~~management's~~unaudited ~~opinion~~condensed financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and with the instructions to Form 10–Q and Article 10 of Regulation S–X. Accordingly, ~~however~~they ~~that~~do not include all ~~material~~of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring ~~adjustments~~accruals) ~~have~~considered ~~been made which are~~ necessary for a fair ~~financial~~presentation ~~statements~~have ~~presentation~~been included. ~~The~~ Operating results for the ~~interim~~three ~~period~~and six months ended June 30, 2010 are not necessarily indicative of the results tothat may be expected for the full year. The condensed consolidated balance sheet information as of December 31, 2009 was derived from the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009. The information included in this Form 10-Q should be read in conjunction with Management’s Discussion and Analysis and the financial statements and notes thereto included in the Company’s 2009 Form 10-K.

~~Activities~~On ~~during~~August ~~the~~3, ~~development~~2010 ~~stage~~the ~~include~~Company ~~developing~~changed ~~the~~its ~~business~~name ~~plan~~to ~~and~~China ~~raising~~Golf ~~capital~~Group, Inc.

~~(B)~~NOTE ~~Use~~2 ofNOTES ~~Estimates~~PAYABLE – RELATED PARTY

InOn ~~preparing~~June ~~financial~~6, ~~statements in conformity with generally accepted accounting principles~~2010, a ~~management~~Corporation isowned ~~required~~by ~~to make estimates and assumptions that affect~~ the ~~reported~~president ~~amounts~~loaned ~~of assets and liabilities and~~ the ~~disclosure~~Company of$1,200 ~~contingent~~for ~~assets~~legal and ~~liabilities~~accounting atexpenses ~~the~~for ~~date~~2010. ofThe ~~the~~loan ~~financial~~is ~~statements~~non-interest ~~and~~bearing ~~revenues~~ and ~~expenses~~due ~~during~~on ~~the~~June ~~reported~~6, ~~period. Actual~~2013 ~~results~~(See ~~could~~Note ~~differ from those estimates~~5).

~~(C)~~On ~~Cash~~May 30, 2010, a Corporation owned by the president loaned the Company $1,050 for legal and ~~Cash~~accounting ~~Equivalents~~expenses for 2010. The loan is non-interest bearing and due on May 30, 2013(See Note 5).

~~The~~On ~~Company~~April ~~considers~~5, ~~all~~2010, ~~highly~~a ~~liquid~~Corporation ~~temporary~~owned ~~cash~~by ~~investments~~the ~~with~~president anloaned ~~original~~the ~~maturity~~Company of$5,100 ~~three~~for ~~months~~legal orand ~~less~~accounting toexpenses befor ~~cash equivalents~~2009. At ~~March~~The ~~31,~~loan ~~2010~~is ~~and~~non-interest ~~December~~bearing ~~31,~~and ~~2009,~~due ~~the~~on ~~Company~~April ~~had~~15, no2013 ~~cash~~(See ~~equivalents~~Note 5).

~~(D)~~NOTE ~~Loss~~3 ~~Per~~STOCKHOLDERS’ ~~Share~~DEFICITS

~~Basic~~(A) ~~and~~In-Kind diluted net loss per common share is computed based upon the weighted average common shares outstanding as defined by FASB Accounting Standards Codification Topic 260, “Earnings Per Share.” As of March 31, 2010 and 2009, there were no common share equivalents outstanding.Contribution

~~(E)~~For ~~Income~~the ~~Taxes~~six months ended June 30, 2010, the Company recorded $1,000 of legal services as an in – kind contribution.

~~The~~For ~~Company~~the ~~accounts~~six ~~for~~months ~~income~~ended ~~taxes~~June ~~under~~30, ~~FASB Codification Topic 740-10-25 (“ASC 740-10-25”). Under ASC 740-10-25~~2010, ~~deferred tax assets and liabilities are recognized for~~ the ~~future~~Company ~~tax~~recorded ~~consequences~~$84 ~~attributable to differences between the financial statement carrying amounts~~ of ~~existing~~imputed ~~assets~~interest ~~and~~related ~~liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected~~ to ~~apply~~shareholder toloans ~~taxable~~payable ~~income~~as inan ~~the years~~ in ~~which those temporary differences are expected to be recovered or settled. Under ASC 740~~-~~10-25,~~kind ~~the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date~~contribution.

~~ALPINE~~CHINA ~~ALPHA~~GOLF 2GROUP, ~~LTD~~INC.

(F/K/A ALPINE ALPHA 2, LTD)

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED FINANCIAL STATEMENTS

~~MARCH~~JUNE 3130, 2010

(FB) ~~Business~~Amendment ~~Segments~~to Articles of Incorporation

~~The~~On ~~Company~~July ~~operates~~2, in2010, ~~one~~the ~~segment~~Board of Directors of the Company and ~~therefore~~the ~~segment~~stockholders ~~information~~of isthe ~~not~~Company ~~presented~~approved all actions to amend its Certificate of Incorporation o change the name of the Company to China Golf Group, Inc. The Certificate of Amendment to the Certificate of Incorporation was filed with the State of Delaware on August 3, 2010.

(G) Revenue Recognition

The Company will recognize revenue on arrangements in accordance with FASB ASC No. 605, “Revenue Recognition”. In all cases, revenue is recognized only when the price is fixed and determinable, persuasive evidence of an arrangement exists, the service is performed and collectability of the resulting receivable is reasonably assured.

(H) Recent Accounting Pronouncements

In October 2009, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standard Update (“ASU”) No. 2009-13, which addresses the accounting for multiple-deliverable arrangements to enable vendors to account for products or services separately rather than as a combined unit and modifies the manner in which the transaction consideration is allocated across the separately identified deliverables. The ASU significantly expands the disclosure requirements for multiple-deliverable revenue arrangements. The ASU will be effective for the first annual reporting period beginning on or after June 15, 2010, and may be applied retrospectively for all periods presented or prospectively to arrangements entered into or materially modified after the adoption date. Early adoption is permitted, provided that the guidance is retroactively applied to the beginning of the year of adoption. The Company does not expect the adoption of ASU No. 2009-13 to have any effect on its financial statements upon its required adoption on January 1, 2011.

(I)Fair Value of Financial Instruments

The carrying amounts reported in the balance sheet for accounts payable related party, accounts payable, and note payable – related party approximate fair value based on the short-term maturity of these instruments.

ALPINE ALPHA 2, LTD

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2010

NOTE 2 NOTES PAYABLE – RELATED PARTY

On October 6, 2009, a Corporation owned by the president loaned the Company $1,300 for legal and accounting expenses for 2009. The loan is non-interest bearing and due on October 6, 2012. The amount of $1,300 was repaid by Alpine Alpha 2, Ltd on January 19, 2010 (See Note 5).

On August 26, 2009, Alpine Alpha 1, LTD paid $1,300 of expenses on behalf of Alpine Alpha 2, LTD. This is a related party transaction. The amount of $1,300 was repaid by Alpine Alpha 2, Ltd to Alpine Alpha 1, LTD on October 6, 2009 (See Note 5).

On May 18, 2009, a Corporation owned by the president loaned the Company $7,000. This loan is unsecured, non-interest bearing, and due on May 18, 2012. The amount of $7,000 was repaid by Alpine Alpha 2, Ltd on January 19, 2010 (See Note 5).

On February 25, 2009, a Corporation owned by the president loaned the Company $1,075. This loan is unsecured, non-interest bearing, and due on February 25, 2012. The amount of $1,075 was repaid by Alpine Alpha 2, Ltd on January 19, 2010 (See Note 5).

On February 25, 2009, a Corporation owned by the president loaned the Company $62. This loan is unsecured, non-interest bearing, and due on February 25, 2012. This loan was forgiven in may 2010 and no gain or loss was recognized for this debt forgiveness (See Note 5 and 8).

On May 23, 2008, a Corporation owned by the president loaned the Company $2,300. This loan is unsecured, non-interest bearing, and due on May 23, 2011. The amount of $2,300 was repaid by Alpine Alpha 2, Ltd on January 19, 2010 (See Note 5).

On May 8, 2008, a Corporation owned by the president paid expenses aggregating $2,000. This loan is unsecured, non-interest bearing, and due on May 8, 2011. The amount of $2,000 was repaid by Alpine Alpha 2, Ltd on January 19, 2010 (See Note 5).

On February 11, 2008, a Corporation owned by the president loaned the Company $5,000. This loan is unsecured, non-interest bearing, and due on February 11, 2011. The loan was repaid on October 28, 2008 (See Note 5).

ALPINE ALPHA 2, LTD

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2010

On January 11, 2008, a Corporation owned by the president loaned the Company $5,000. This loan is unsecured, non-interest bearing, and due on February 11, 2011. The loan was repaid on October 28, 2008 (See Note 5).

NOTE 3 STOCKHOLDERS’ DEFICIENCY

(A) Stock Issued for Cash

On September 2, 2009, the Company entered into stock purchase agreements to issue a combined 10,000 shares of common stock for cash to various parties totaling $10 ($0.001/share).

On August 18, 2009, the Company entered into stock purchase agreements to issue a combined 60,000 shares of common stock for cash to various parties totaling $60 ($0.001/share). 40,000 of the 60,000 shares issued on August 18, 2009 were issued to related parties (See Note 5).

On August 18, 2009, the Company entered into stock purchase agreement to issue 5,000 shares of common stock for cash of $5 ($0.001/share).

On March 12, 2009, the Company entered into stock purchase agreement to issue 20,345 shares of common stock for cash of $5,086 ($0.25/share).

During October 2008, the Company entered into stock purchase agreements to issue a combined 135,771 shares of common stock for cash to various parties of totaling $136 ($0.001/ share).

During October 2008, the Company entered into stock purchase agreements to issue a combined 123,730 shares of common stock for cash to various parties of totaling $3,712 ($0.03/ share).

During October 2008, the Company entered into a stock purchase agreement to issue 20,760 shares of common stock for cash of $2,076($0.10/ share).

During October 2008, the Company entered into a stock purchase agreement to issue 24,912 shares of common stock for cash of $4,982($0.20/ share).

During October 2008, the Company entered into a stock purchase agreement to issue 20,760 shares of common stock for cash of $311($0.015/ share).

ALPINE ALPHA 2, LTD

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2010

In September 2008, the Company entered into stock purchase agreements with 400 investors for 400,000 shares for cash of $2,000 ($0.005 per share).

On January 7, 2008, the Company entered into two stock purchase agreements to issue a total of 200 shares of common stock for cash to two individuals for a total of $100 ($0.50/share).

On January 7, 2008, the Company entered into stock purchase agreements to issue 10,000 shares of common stock for cash of $100 ($0.01/share).

(B) In-Kind Contribution

For the three months ended March 31, 2010, the Company recorded $500 of legal services as an in – kind contribution.

For the year ended December 31, 2009, the Company recorded additional paid-in capital of $1,000 for the fair value of legal services provided.

For the year ended December 31, 2009, the Company recorded $593 of imputed interest related to shareholder loans payable as an in-kind contribution (See Note 5).

For the year ended December 31, 2008, a shareholder of the Company contributed services having a fair value of $18,400 (See Note 5).

For the year ended December 31, 2008, the Company recorded $613 of imputed interest related to shareholder loans payable as an in-kind contribution (See Note 5).

As of December 31, 2007, a shareholder of the Company contributed services having a fair value of $3,600 (See Note 5).

As of December 31, 2007, a shareholder of the Company paid $198 of the Company’s expenses. The transaction was treated as an in kind contribution of expenses and charged to additional paid in capital (See Note 5).

On November 1, 2007, the Company issued 5,000 shares of common stock to its founders having a fair value of $5 ($0.001/share) in exchange for services provided (See Note 5).

ALPINE ALPHA 2, LTD

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2010

NOTE 4

COMMITMENTS

On September 1, 2008, the Company entered into a consulting agreement with a related party. The Company is required to pay $10,000 a month. The agreement will remain in effect unless either party desires to cancel the agreement. As of December 31, 2009, $160,000 was owed to the related party consultant. On January 19, 2010, the Company paid $62,561 to the consultant based on the agreement towards the outstanding balance. As of ~~March~~June 3130, 2010, $~~127~~157,439 was owed to the related party consultant. On July 1, 2010 the consulting agreement was terminated and 400,000 shares of common stock was issued in exchange for the outstanding balance as of June 30, 2010.(See Note 5).

NOTE 5

RELATED PARTY TRANSACTIONS

On ~~October~~June 6, ~~2009~~2010, a Corporation owned by the president loaned the Company $1,~~300~~200 for legal and accounting expenses for ~~2009~~2010. The loan is non-interest bearing and due on ~~October~~June 6, ~~2012. The~~2013 ~~amount of $1,300 was repaid by Alpine Alpha 2, Ltd on January 19, 2010~~ (See Note 2).

On ~~August~~May 2630, ~~2009~~2010, ~~Alpine~~a ~~Alpha~~Corporation 1,owned ~~LTD~~by ~~paid~~the ~~$1,300~~president ofloaned ~~expenses~~the onCompany ~~behalf of Alpine Alpha 2, LTD. This is a related party transaction. The amount of~~ $1,~~300~~050 ~~was~~for ~~repaid~~legal byand ~~Alpine~~accounting ~~Alpha~~expenses 2,for ~~Ltd~~2010. toThe ~~Alpine~~loan ~~Alpha~~is 1,non-interest ~~LTD~~bearing and due on ~~October~~May 630, ~~2009~~ 2013(See Note 2).

On ~~August~~April 185, ~~2009~~2010, ~~the~~a ~~Company~~Corporation ~~entered~~owned ~~into~~by ~~stock~~the ~~purchase~~president ~~agreements~~loaned tothe ~~issue~~Company ~~a combined 60~~$5,~~000~~100 ~~shares of common stock~~ for ~~cash~~legal toand ~~various~~accounting ~~parties~~expenses ~~totaling~~for ~~$60 ($0~~2009.~~001/share).~~ ~~40,000~~The ofloan ~~the~~is ~~60,000~~non-interest ~~shares~~bearing ~~issued~~and due on ~~August~~April 1815, ~~2009~~2013 ~~were issued to related parties~~ (See Note ~~3(A~~2)).

OnNOTE ~~May~~6 ~~18,~~GOING 2009, a Corporation owned by the president loaned the Company $7,000. This loan is unsecured, non-interest bearing, and due on May 18, 2012. The amount of $7,000 was repaid by Alpine Alpha 2, Ltd on January 19, 2010 (See Note 2).CONCERN

OnAs ~~February~~reflected ~~25,~~in ~~2009~~the accompanying financial statements, athe ~~Corporation~~Company ~~owned~~is byin the ~~president~~development ~~loaned~~stage ~~the~~with limited operations. The Company has a net loss since inception of $1208,~~075. This~~923 ~~loan~~and isused ~~unsecured~~cash in operations of $25,992 ~~non-interest~~during ~~bearing~~the period from October 29, ~~and~~2007 ~~due~~(inception) onto ~~February~~June 2530, ~~2012~~2010. ~~The~~In ~~amount~~addition, the Company has a working capital deficiency of $1157,~~075~~439 ~~was~~and ~~repaid~~a bystockholders’ ~~Alpine~~deficiency ~~Alpha~~of 2$164,789 ~~Ltd~~at onJune ~~January 19~~30, 2010 ~~(See~~. ~~Note~~This 2)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 and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern.

On February 25, 2009, a Corporation owned by the president loaned the Company $62. This loan is unsecured, non-interest bearing, and due on February 25, 2012. This loan was forgiven in May 2010 and no gain or loss was recognized for this debt forgiveness (See Note 2 and 8).6

OnCHINA ~~February~~GOLF 6GROUP, ~~2009, the Company received $1,000 from Alpine Alpha 1, LTD credit card to assist in paying off expenses~~INC. ~~This is a related party transaction. The Company repaid $1,075 to the credit card company on February 25, 2009, which represented principal and interest.~~

10(F/K/A ALPINE ALPHA 2, LTD)

ALPINE ALPHA 2, LTD

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED FINANCIAL STATEMENTS

~~MARCH~~JUNE 3130, 2010

~~For~~NOTE ~~the~~7 ~~year~~SUBSEQUENT ~~ended December 31, 2009, the Company recorded $593 of imputed interest related to shareholder loans payable as an in-kind contribution (See Note 3(B)).~~EVENTS

On ~~September~~July 1, ~~2008,~~2010 the Company ~~entered~~terminated ~~into~~ a consulting agreement ~~with~~dated aSeptember ~~related~~1, ~~party~~2008. ~~The~~In ~~Company~~connection iswith ~~required~~this ~~to pay $10~~termination,~~000~~ ~~a month. The agreement will remain in effect unless either party desires to cancel~~ the ~~agreement. As~~Company ofissued ~~December 31~~400, ~~2009, $160,~~000 ~~was owed to the related party consultant. On January 19~~shares, ~~2010~~having ~~the~~a ~~Company~~fair ~~paid~~value ~~$62,561 to the consultant based on the agreement towards the outstanding balance As~~ of ~~March 31~~$152,520 ~~2010,~~ ($~~127~~0.3813/share),~~439~~ ~~was~~based ~~owed~~upon to the ~~related~~amounts ~~party consultant (See Note 4)~~due.

On ~~May~~July 236, ~~2008~~2010, the Company, a ~~Corporation~~then ~~owned~~public byshell corporation consummated a share exchange transaction (the ~~president~~“Share ~~loaned~~Exchange Transaction”) with Goodintend Holdings Limited, a British Virgin Islands company (“Goodintend”). The Company did not have any operations immediately prior to the Share Exchange Transaction and its majority-voting control was transferred to the shareholders of Goodintend. In the Share Exchange Transaction, the Company $2issued 24,~~300~~737,500 shares of common stock to the shareholders of Goodintend in exchange for all of the outstanding capital stock of Goodintend. ~~This~~ ~~loan~~Upon isthe ~~unsecured,~~closing ~~non-interest~~of ~~bearing~~the Share Exchange Transaction, Goodintend stockholders held the majority of the issued and ~~due~~outstanding onshares ~~May~~of ~~23,~~common ~~2011~~stock of the Company. The ~~amount~~Company, therefore, acquired the control of $2Goodintend. Since the shareholders of Goodintend acquired a controlling voting interest,~~300~~ Goodintend was ~~repaid~~deemed byas ~~Alpine~~the ~~Alpha~~accounting 2acquirer, ~~Ltd~~and onthe ~~January~~Company 19was deemed as the legal acquirer. The historical financial statements of the Company are those of Goodintend, ~~2010~~and ~~(See~~of ~~Note~~the 2)consolidated entities from the date of the Reverse Merger and subsequent.

OnSince ~~May 8, 2008 a Corporation owned by~~ the ~~president~~Share ~~paid~~Exchange ~~expenses~~Transaction ~~aggregating~~is ~~$2,000.~~considered ~~This~~a ~~loan~~reverse isacquisition ~~unsecured,~~and ~~non-interest bearing~~recapitalization, ~~and~~accounting ~~due~~guidance ondoes ~~May~~not 8,apply ~~2011~~for ~~The~~purposes ~~amount~~ of ~~$2,000~~presenting ~~was~~pro-forma ~~repaid~~financial ~~by Alpine Alpha 2, Ltd on January 19, 2010 (See Note 2)~~information.

On February 11, 2008 a Corporation owned by the president loaned the Company $5,000. This loan is unsecured, non-interest bearing, and due on February 11, 2011. The loan was repaid on October 28, 2008 (See Note 2).7

On January 11, 2008 a Corporation owned by the president loaned the Company $5,000. This loan is unsecured, non-interest bearing, and due on February 11, 2011. The loan was repaid on October 28, 2008 (See Note 2).

For the year ended December 31, 2008, the Company recorded $613 of imputed interest related to shareholder loans payable as an in-kind contribution (See Note 3 (B)).

For the year ended December 31, 2008, a shareholder of the Company contributed services having a fair value of $18,400 (See Note 3(B)).

As of December 31, 2007 the shareholder of the Company contributed services having a fair value of $3,600 (See Note 3(B)).

As of December 31, 2007, the shareholder of the Company paid $198 of the Company’s expenses. The transaction was treated as an in kind contribution of expenses and charged to additional paid in capital (See Note 3(B)).

On November 1, 2007, the Company issued 5,000 shares of common stock to its founders having a fair value of $5 ($0.001/share) in exchange for services provided (See Note 3(C)).

ALPINE ALPHA 2, LTD

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2010

NOTE 6 GOING CONCERN

As reflected in the accompanying financial statements, the Company is in the development stage with limited operations. The Company has a net loss since inception of $176,039 and used cash in operations of $18,641 during the period from October 29, 2007 (inception) to March 31, 2010. In addition, the Company has a working capital deficiency of $132,489 and a stockholders’ deficiency of $132,552 at March 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 and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern.

NOTE 7 NON BINDING LETTER OF INTENT

On December 21, 2009, the Company entered into a non binding letter of intent to acquire 100% of the issued and outstanding shares of a company for approximately 96.5% of the issued and outstanding common stock of Alpine Alpha 2, Ltd. and the payment of $300,000 if the net income of the acquiree is less then $10,000,000. The letter of intent calls for a non refundable, non creditable deposit of $75,000 as a commitment fee in addition to the fees due upon signing a definitive agreement based on the net income of the acquiree. The $75,000 was received on January 19, 2010. The final terms are subject to entering into a final definitive agreement by March 30, 2010. As of March 31, 2010, the merger has not occurred and the Agreement has expired.

NOTE 8 SUBSEQUENT EVENTS

On February 25, 2009, a Corporation owned by the president loaned the Company $62. This loan is unsecured, non-interest bearing, and due on February 25, 2012. This loan was forgiven in May 2010 and no gain or loss was recognized for this debt forgiveness (See Note 2 and 5).

On April 5, 2010, a Corporation owned by the president loaned the Company $5,100 for legal and accounting expenses for 2009. The loan is non-interest bearing and due on April 5, 2013 without any prepayment penalty.

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

FORWARD-LOOKING STATEMENTS

The following discussion of our financial condition and results of operations should be read in conjunction with our unaudited consolidated financial statements and the notes to those financial statements appearing elsewhere in this Form 10-Q.

Certain statements in this Report, and the documents incorporated by reference herein, constitute forward-looking statements. Such forward-looking statements include statements, which involve risks and uncertainties, regarding, among other things, (a) our projected sales, profitability, and cash flows, (b) our growth strategy, (c) anticipated trends in our industry, (d) our future financing plans, and (e) our anticipated needs for, and use of, working capital. They are generally identifiable by use of the words “may,” “will,” “should,” “anticipate,” “estimate,” “plan,” “potential,” “project,” “continuing,” “ongoing,” “expects,” “management believes,” “we believe,” “we intend,” or the negative of these words or other variations on these words or comparable terminology. In light of these risks and uncertainties, there can be no assurance that the forward-looking statements contained in this filing will in fact occur. You should not place undue reliance on these forward-looking statements.

The forward-looking statements speak only as of the date on which they are made, and, except to the extent required by federal securities laws, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date on which the statements are made or to reflect the occurrence of unanticipated events.

GENERAL

China Golf Group, Inc., formerly Alpine Alpha 2, Ltd. (“the Company”) was incorporated on October 29, 2007 under the laws of the State of Delaware. As ~~a “blank check” entity, the current purpose~~ of the ~~Company~~period isended toJune ~~seek~~30, ~~investigate and~~2010, ifthe ~~such~~Company ~~investigation~~had ~~warrants,~~no ~~merge~~operations or ~~acquire~~substantial anassets. ~~interest~~Accordingly, inthe ~~business~~Company ~~opportunities~~was ~~presented~~then deemed to itbe bya ~~persons~~"blank orcheck" ~~companies who~~ or ~~which~~shell ~~desire~~company, tothat ~~seek~~is, ~~the perceived advantages of~~ a ~~Securities~~development-stage ~~Exchange~~company ~~Act~~that ~~of 1934 registered corporation. The Company~~ has no ~~particular~~specific ~~acquisitions~~business inplan ~~mind~~or ~~and~~purpose or has ~~not~~indicated ~~entered~~that ~~into~~its ~~any~~business ~~negotiations~~plan ~~regarding~~is ~~such~~to anengage ~~acquisition,~~in ~~and~~a ~~neither~~merger ~~the~~or ~~Company's~~other ~~officer~~acquisition ~~and director nor any promoter and affiliate has engaged in any negotiations~~ with ~~any~~an ~~representatives~~unidentified ofcompany ~~the~~or ~~owners~~companies, ~~of any business~~ or ~~company~~other ~~regarding~~entity ~~the possibility of a merger~~ or ~~acquisition between the Company and such other company~~person.

13RECENT DEVELOPMENT

~~Pending~~On ~~negotiation~~July ~~and~~6, ~~consummation~~2010, ofthe Company consummated a ~~combination,~~share exchange transaction or a reverse merger (the ~~Company~~“Share ~~anticipates~~Exchange ~~that~~Transaction” itor ~~will~~the ~~have~~“Reverse Merger”), ~~aside~~where ~~from~~the ~~carrying~~Company onacquired ~~its~~the ~~search~~control ~~for~~of aGoodintend ~~combination~~Holdings ~~partner~~Limited, noa ~~business~~British ~~activities,~~Virgin ~~and,~~Islands ~~thus,~~company ~~will~~(“Goodintend”) ~~have~~and noits ~~source~~controlled ofentities ~~revenue. Should~~by issuing to the ~~Company~~stockholders ~~incur~~of ~~any~~Goodintend ~~significant~~an ~~liabilities~~aggregate ~~prior~~of to24,737,500 ashares ~~combination~~of ~~with~~the aCompany’s ~~private~~common ~~company~~stock, itpar ~~may~~value ~~not~~$.001 beper ~~able~~share to(the ~~satisfy~~“Common ~~such~~Stock’) ~~liabilities~~in asexchange ~~are~~for ~~incurred~~all of the outstanding capital stock of Goodintend.

IfGoodintend is the ~~Company's~~owner ~~management~~of ~~pursues~~all ~~one~~of orthe ~~more~~registered ~~combination~~capital ~~opportunities~~of ~~beyond~~Shenyang ~~the~~Yanzikou ~~preliminary~~Sports ~~negotiations~~and ~~stage~~Entertainment ~~and~~Co., ~~those~~Ltd., ~~negotiations~~a ~~are~~wholly ~~subsequently~~foreign ~~terminated~~owned PRC company (“Shenyang Yanzikou”). Shenyang Yanzikou, itthrough isa ~~foreseeable~~series ~~that~~of ~~such~~contractual ~~efforts~~arrangements, ~~will~~controls ~~exhaust~~Beijing ~~the~~Shungao ~~Company's~~Golf ~~ability~~Course toManagement ~~continue~~Co., toLtd., ~~seek~~a ~~such~~PRC ~~combination~~company ~~opportunities~~(“Beijing ~~before~~Shungao”) ~~any~~and ~~successful~~Shanghai ~~combination~~Zhonggao ~~can~~Investments beManagement ~~consummated~~Co. In, ~~that event~~Ltd., ~~the~~a ~~Company's~~PRC ~~common~~company ~~stock~~(“Shanghai ~~will~~Zhonggao”). Beijing ~~become~~Shungao ~~worthless~~ and ~~holders~~Shanghai ofZhonggao ~~the~~are ~~Company's~~each ~~common~~engaged ~~stock~~in ~~will~~the ~~receive~~design aand ~~nominal~~construction ~~distribution,~~of ifgolf ~~any,~~courses ~~upon~~in the ~~Company's liquidation and dissolution~~PRC.

~~MANAGEMENT~~As a result of the Reverse Merger, the Company ceased being a shell company under the definition of Rule 12b-2 of the Exchange Act. For more details of the Reverse Merger, please refer to the Company’s Current Report on Form 8-K which was filed with the Securities and Exchange Commission (the “SEC”) on July 9, 2010.

~~The~~In ~~Company~~connection iswith in the ~~development~~Reverse ~~stage~~Merger, ~~and~~Mr. ~~currently~~James ~~has~~Hahn, noour ~~full-time~~former ~~employees. Mr.~~sole ~~James~~director, ~~Hahn~~appointed isthe following individuals as officers and directors of the Company's, and resigned as our sole officer and director. ~~All~~ ~~references~~The ~~herein~~appointment ~~to management~~ of the ~~Company~~new ~~are~~officers towas ~~Mr.~~effective ~~Hahn.~~as ~~Mr.~~of ~~Hahn~~July 6, as2010. ~~President~~The appointment of the new board of directors of the Company, ~~has~~(the ~~agreed~~“Board toof ~~allocate~~Directors”) awas ~~limited~~effective ~~portion~~as of ~~his~~July ~~time~~26, to2010. ~~the~~For ~~activities~~more details of the ~~Company~~new ~~without~~Board ~~compensation. Potential~~of ~~conflicts~~Directors, ~~may~~please ~~arise~~refer ~~with respect~~ to the ~~limited~~Information ~~time~~Statement ~~commitment~~on bySchedule ~~Mr.~~14f-1, ~~Hahn~~which ~~and~~was ~~the~~filed ~~potential~~with ~~demands~~the ofSEC ~~the~~on ~~Company's~~July ~~activities~~2, 2010.

The amount of time spent by Mr. Hahn on the activities of the Company is not predictable. Such time may vary widely from an extensive amount when reviewing a target company to an essentially quiet time when activities of management focus elsewhere, or some amount in between. It is impossible to predict with any precision the exact amount of time Mr. Hahn will actually be required to spend to locate a suitable target company. Mr. Hahn estimates that the business plan of the Company can be implemented by devoting less than 5 hours per month but such figure cannot be stated with precision.8

SEARCH FOR BUSINESS OPPORTUNITIES

Name	Age	Position
Ye Bi	47	Chief Executive Officer and Chairman
Zhuangyan Zou	36	Chief Financial Officer
Jingtong Chen	45	Director
Bowu Xiao	43	Director

~~The~~On ~~Company's~~July ~~search~~2, ~~will~~2001 bethe ~~directed~~Board ~~toward~~of ~~small~~Directors ~~and~~of ~~medium-sized~~the ~~enterprises,~~Company ~~which~~approved ~~have~~the ataking ~~desire~~of toall ~~become~~required ~~reporting~~action ~~corporations and which are able~~ to ~~provide~~amend ~~audited~~the ~~financial statements. The~~ Company’s ~~does~~Certificate ~~not~~of ~~propose~~Incorporation to ~~restrict~~change ~~its~~the ~~search~~name ~~for~~of ~~investment~~the ~~opportunities~~Company to ~~any~~China ~~particular~~Golf ~~geographical area or industry~~Group, ~~and~~Inc. ~~may,~~(the ~~therefore,~~“Name ~~engage~~Change” inor ~~essentially~~the ~~any~~“Amendment”) ~~business,~~and torecommended that the ~~extent~~Name ofChange ~~its~~contemplated ~~limited~~thereby ~~resources. The~~be ~~Company's~~approved ~~discretion~~by inour ~~the~~stockholders. ~~selection~~By ofwritten ~~business~~consent ~~opportunities~~dated isJuly ~~unrestricted~~2, ~~subject~~2010, to the ~~availability~~holders of ~~such~~a ~~opportunities,~~majority ~~economic~~of ~~conditions,~~the ~~and~~outstanding ~~other~~shares ~~factors. No~~of ~~assurance~~Common ~~can~~Stock beapproved ~~given that~~ the ~~Company~~filing ~~will~~of bethe ~~successful~~Name inChange ~~finding~~contemplated orthereby. The ~~acquiring~~Name aChange ~~desirable~~was ~~business~~effective ~~opportunity,~~as ~~and~~of noAugust ~~assurance can be given that any acquisition~~3, ~~which does occur, will be on terms that are favorable to the Company or its current stockholders~~2010.

For more details of the Name Change, please refer to the Definitive Information Statement on Schedule 14C, which was filed with the SEC on July 14, 2010.

The ~~Company~~results may merge with a company that has retained one or more consultants or outside advisors. In that situation, the Company expects that the business opportunity will compensate the consultant or outside advisor. As of ~~the~~operations ~~date~~ of ~~this~~Goodintend ~~filing,~~will ~~there~~be ~~have~~discussed ~~been~~in ~~no discussions, agreements or understandings with any party regarding~~ the ~~possibility of a merger or acquisition between the~~ Company’s ~~and~~Current ~~such~~Report ~~other~~on ~~company. Consequently,~~Form ~~the~~8-K/A ~~Company is unable~~ to ~~predict how the amount of such compensation would~~ be ~~calculated~~filed atwith ~~this time. It is anticipated that any finder that~~ the ~~target company retains would be a registered broker-dealer~~SEC.

The Company will not restrict its search to any specific kind of firm, but may acquire a venture, which is in its preliminary or development stage, one which is already in operation, or in a more mature stage of its corporate existence. The acquired business may need to seek additional capital, may desire to have its shares publicly traded, or may seek other perceived advantages which the Company may offer. The Company does not intend to obtain funds to finance the operation of any acquired business opportunity until such time as the Company has successfully consummated the merger or acquisition transaction. There are no loan arrangements or arrangements for any financing whatsoever relating to any business opportunities.

EVALUATION OF BUSINESS OPPORTUNITIES

The analysis of business opportunities will be under the supervision of the Company's sole officer and director, who is not a professional business analyst. In analyzing prospective business opportunities, management will consider such matters as available technical, financial and managerial resources; working capital and other financial requirements; history of operations, if any; prospects for the future; nature of present and expected competition; the quality and experience of management services which may be available and the depth of that management; the potential for further research, development, or exploration; specific risk factors not now foreseeable, but which then may be anticipated to impact the proposed activities of the Company; the potential for growth or expansion; the potential for profit; the perceived public recognition or acceptance of products, services, or trades; name identification; and other relevant factors. In many instances, it is anticipated that the historical operations of a specific business opportunity may not necessarily be indicative of the potential for the future because of a variety of factors, including, but not limited to, the possible need to expand substantially, shift marketing approaches, change product emphasis, change or substantially augment management, raise capital and the like. Management intends to meet personally with management and key personnel of the target business entity as part of its investigation. To the extent possible, the Company intends to utilize written reports and personal investigation to evaluate the above factors. Prior to making a decision to participate in a business opportunity, the Company will generally request that it be provided with written materials regarding the business opportunity containing as much relevant information as possible, including, but not limited to, such items as a description of products, services and company history; management resumes; financial information; available projections, with related assumptions upon which they are based; an explanation of proprietary products and services; evidence of existing patents, trademarks, or service marks, or rights thereto; present and proposed forms of compensation to management; a description of transactions between such company and its affiliates during the relevant periods; a description of present and required facilities; an analysis of risks and competitive conditions; a financial plan of operation and estimated capital requirements; audited financial statements, or if they are not available at that time, unaudited financial statements, together with reasonable assurance that audited financial statements would be able to be produced within a required period of time; and the like.

Under the Exchange Act, any merger or acquisition candidate will become subject to the same reporting requirements of the Exchange Act as the Company following consummation of any merger or acquisition. Thus, in the event the Company successfully completes the acquisition of or merger with an operating business entity, that business entity must provide audited financial statements for at least two most recent fiscal years or, in the event the business entity has been in business for less than two years, audited financial statements will be required from the period of inception. Acquisition candidates that do not have or are unable to obtain the required audited statements may not be considered appropriate for acquisition. The Company will not acquire or merge with any entity which cannot provide audited financial statements at or within a required period of time after closing of the proposed transaction. The audited financial statements of the acquired company must be furnished within 15 days following the effective date of a business combination.

When a non-reporting company becomes the successor of a reporting company by merger, consolidation, exchange of securities, and acquisition of assets or otherwise, the successor company is required to provide in a Current Report on Form 8-K the same kind of information that would appear in a Registration Statement or an Annual Report on Form 10-K, including audited and pro forma financial statements. The Commission treats these Form 8-K filings in the same way it treats the Registration Statements on Form 10 filings. The Commission subjects them to its standards of review selection, and the Commission may issue substantive comments on the sufficiency of the disclosures represented. If the Company enters into a business combination with a non-reporting company, such non-reporting company will not receive reporting status until the Commission has determined that it will not review the 8-K filing or all of the comments have been cleared by the Commission.

Management believes that various types of potential merger or acquisition candidates might find a business combination with the Company to be attractive. These include acquisition candidates desiring to create a public market for their shares in order to enhance liquidity for current stockholders, acquisition candidates which have long-term plans for raising capital through public sale of securities and believe that the possible prior existence of a public market for their securities would be beneficial, and acquisition candidates which plan to acquire additional assets through issuance of securities rather than for cash, and believe that the possibility of development of a public market for their securities will be of assistance in that process. Acquisition candidates, who have a need for an immediate cash infusion, are not likely to find a potential business combination with the Company to be an attractive alternative. Nevertheless, the Company has not conducted market research and is not aware of statistical data which would support the perceived benefits of a merger or acquisition transaction for the owners of a business opportunity. The Company is unable to predict when it may participate in a business opportunity. It expects, however, that the analysis of specific proposals and the selection of a business opportunity may take several months or more. There can also be no assurances that we are able to successfully pursue a business opportunity. In that event, there is a substantial risk to the Company that failure to complete a business combination will significantly restrict its business operation and force management to cease operations and liquidate the Company.

ACQUISITION OF A BUSINESS OPPORTUNITY

In implementing a structure for a particular business acquisition, the Company may become a party to a merger, consolidation, reorganization, joint venture, or licensing agreement with another entity. It may also acquire stock or assets of an existing business. In connection with a merger or acquisition, it is highly likely that an amount of stock constituting control of the Company would either be issued by the Company or be purchased from the current principal stockholder of the Company by the acquiring entity or its affiliates, and accordingly, the shareholders of the target company, typically, become the majority of the shareholders of the combined company, the board of directors and officers of the target company become the new board and officers of the combined company and often the name of the target company becomes the name of the combined company.

There are currently no arrangements that would result in a change of control of the Company. It is anticipated that any securities issued as a result of consummation of a business combination will be issued in reliance upon one or more exemptions from registration under applicable federal and state securities laws to the extent that such exemptions are available. In some circumstances, however, as a negotiated element of its transaction, the Company may agree to register all or a part of such securities immediately after the transaction is consummated or at specified times thereafter. If such registration occurs, of which there can be no assurance, it will be undertaken by the surviving entity after the Company has entered into an agreement for a business combination or has consummated a business combination and the Company is no longer considered a dormant shell company. Until such time as this occurs, the Company will not attempt to register any additional securities.

The issuance of substantial additional securities and their potential sale into any trading market may have a depressive effect on the market value of the Company's securities in the future if such a market develops, of which there is no assurance. There have been no plans, proposals, arrangements or understandings with respect to the sale or issuance of additional securities. While the actual terms of a transaction to which the Company may be a party cannot be predicted, it may be expected that the parties to the business transaction will find it desirable to avoid the creation of a taxable event and thereby structure the acquisition in a "tax-free" reorganization under Sections 351 or 368 of the Internal Revenue Code of 1986, as amended.

In order to obtain tax-free treatment, it may be necessary for the owners of the surviving entity to own 80% or more of the voting stock of the surviving entity. In this event, the shareholders of the Company would retain less than 20% of the issued and outstanding shares of the surviving entity, which could result in significant dilution in the equity of such shareholders. However, treatment as a tax-free reorganization will not be a condition of any future business combination and if it is not the case, the Company will not obtain an opinion of counsel that the reorganization will be tax free. With respect to any merger or acquisition, negotiations with target company management are expected to focus on the percentage of the Company which the target company shareholders would acquire in exchange for all of their shareholdings in the target company. Depending upon, among other things, the target company's assets and liabilities, the Company's only shareholder will in all likelihood hold a substantially lesser percentage ownership interest in the Company following any merger or acquisition. The percentage ownership may be subject to significant reduction in the event the Company acquires a target company with substantial assets.

Any merger or acquisition effected by the Company can be expected to have a significant dilutive effect on the percentage of shares held by the Company's shareholder at such time. The Company will participate in a business opportunity only after the negotiation and execution of appropriate agreements. Although the terms of such agreements cannot be predicted, generally such agreements will require certain representations and warranties of the parties thereto, will specify certain events of default, will detail the terms of closing and the conditions which must be satisfied by the parties prior to and after such closing, outline the manner of bearing costs, including costs associated with the Company's attorneys and accountants, and will include miscellaneous other terms. It is anticipated that the Company will not be able to diversify, but will essentially be limited to the acquisition of one business opportunity because of the Company's limited financing. This lack of diversification will not permit the Company to offset potential losses from one business opportunity against profits from another, and should be considered an adverse factor affecting any decision to purchase the Company's securities. There are no present plans, proposals, arrangements or understandings to offer the shares of the post-merger companies to third parties if any mergers occur, and there is no marketing plan to distribute the shares of the post-merger companies to third parties. Mr. Hahn has not had any preliminarily contact, agreements or understandings with anyone to help sell these shares.

The Company intends to seek to carry out its business plan as discussed herein. In order to do so, the Company needs to pay ongoing expenses, including particularly legal and accounting fees incurred in conjunction with preparation and filing of this registration statement, and in conjunction with future compliance with its on-going reporting obligations.

The Company does not intend to make any loans to any prospective merger or acquisition candidates or unaffiliated third parties. The Company has adopted a policy that it will not seek an acquisition or merger with any entity in which the Company's officer, director, and controlling shareholders or any affiliate or associate serves as an officer or director or holds any ownership interest.

RESULTS OF OPERATIONS

~~The~~During ~~Company~~the ~~generated~~three-month noperiod ~~revenue~~and ~~during~~six-month ~~the~~period ~~first~~ended ~~quarter~~June of30, 2010, the Company generated no revenue.

However, a total of $3532,~~550~~800 of operating expenses were incurred during the three months ended ~~March~~June 3130, 2010, which primarily consists of $52,~~400~~600 of legal and accounting professional fees and other general and administrative expenses such as rental expenses, related salaries, and business development expenses. Such operating expenses also include a monthly fee of $10,000 payable to Alpine Venture Associates, LLC (“AVA”), of which James Hahn, our former CEO and director owns a ~~related~~50% ~~party~~equity ~~consultant~~interest and is the president, pursuant to a Consulting Agreement dated September 1, 2008 (the “Consulting Agreement”). On January 19, 2010, the Company paid $62,561 to such consultant based on the Consulting Agreement towards the outstanding balance. As of ~~March~~June 3130, 2010, $~~127~~157,439 was owed to ~~such related party consultant~~AVA.

OnRelated ~~December~~Party 21, 2009, the Company entered into a non binding letter of intent to acquire 100% of the issued and outstanding shares of a company for approximately 96.5% of our issued and outstanding common stock. The letter of intent calls for a non refundable, non creditable deposit of $75,000 as a commitment fee in addition to the fees due upon signing a definitive agreement based on the net income of the potential acquiree. Such $75,000 was received on January 19, 2010. As of the date of this Report, no definitive agreement has been consummated pursuant to such letter of intent.Transaction

~~LIQUIDITY~~AVA ~~AND~~made ~~CAPITAL~~three ~~RESOURCES~~loans in the amounts of $1,200, $1,050 and $5,100, respectively, to the Company on June 6, May 30 and April 5, 2010 for the Company’s legal and accounting expenses. Such loans were non-interest bearing and due in three years.

ItOn isJuly 1, 2010, the ~~belief~~Company ofand ~~management~~AVA ~~that~~reached ~~sufficient~~another ~~working~~agreement, ~~capital~~terminating ~~necessary~~the toConsulting ~~support~~Agreement and ~~preserve~~all then Company’s outstanding liabilities owed to AVA, which included the ~~integrity~~outstanding balance of the ~~corporate~~Consulting ~~entity~~Agreement ~~will~~and bethe ~~available. However,~~mentioned ~~there~~three isloans noas ~~legal~~of ~~obligation~~June ~~for~~30, ~~either~~2010, ~~management~~shall orbe ~~significant~~converted ~~stockholders~~ to ~~provide~~400,000 ~~additional~~shares ~~future~~of ~~funding. Should~~our ~~this~~Common ~~pledge~~Stock ~~fail~~in tothe ~~provide~~name ~~financing,~~of ~~the~~AVA ~~Company~~at ~~has~~a ~~not~~price ~~identified~~of ~~any~~roughly ~~alternative~~$0.3813 ~~sources~~per share. ~~Consequently,~~ ~~there~~Such is400,000 ~~substantial~~shares ~~doubt~~of ~~about~~Common ~~the~~Stock ~~Company's~~were ~~ability~~issued to ~~continue~~AVA ason aJuly ~~going~~1, ~~concern~~2010.

The Company has no current plans, proposals, arrangements or understandings with respect to the sale or issuance of additional securities prior to the location of a merger or acquisition candidate. Accordingly, there can be no assurance that sufficient funds will be available to the Company to allow it to cover the expenses related to such activities for the next twelve months.

CRITICAL ACCOUNTING POLICIES

Our financial statements and related public financial information are based on the application of accounting principles generally accepted in the United States (“GAAP”). GAAP requires the use of estimates; assumptions, judgments and subjective interpretations of accounting principles that have an impact on the assets, liabilities, revenue and expense amounts reported. These estimates can also affect supplemental information contained in our external disclosures including information regarding contingencies, risk and financial condition. We believe our use if estimates and underlying accounting assumptions adhere to GAAP and are consistently and conservatively applied. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions or conditions. We continue to monitor significant estimates made during the preparation of our financial statements.

Our significant accounting policies are summarized in Note 1 of our financial statements. While all these significant accounting policies impact our financial condition and results of operations, we view certain of these policies as critical. Policies determined to be critical are those policies that have the most significant impact on our financial statements and require management to use a greater degree of judgment and estimates. Actual results may differ from those estimates. Our management believes that given current facts and circumstances, it is unlikely that applying any other reasonable judgments or estimate methodologies would cause effect on our consolidated results of operations, financial position or liquidity for the periods presented in this report.

RECENT ACCOUNTING PRONOUNCEMENTS

OFF-BALANCE SHEET ARRANGEMENTS

We do not have any off-balance sheet arrangements, financings, or other relationships with unconsolidated entities or other persons, also known as “special purpose entities” (SPEs).

The Company's need for capital may change dramatically as a result of any business acquisition or combination transaction. There can be no assurance that the Company will identify any such business, product, technology or company suitable for acquisition in the future. Further, there can be no assurance that the Company would be successful in consummating any acquisition on favorable terms or that it will be able to profitably manage the business, product, technology or company it acquires.

Regardless of whether the Company's cash assets prove to be inadequate to meet the Company's operational needs, the Company might seek to compensate providers of services by issuances of stock in lieu of cash.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Not applicable.

Item 4. Controls and Procedures

(a) Disclosure Controls and Procedures.

Under the supervision and with the participation of the Company’s management, including the principal executive officer and principal financial officer, as of the end of the period covered by this report, the Company conducted an evaluation of the effectiveness of the design and operation of the Company’s disclosure controls and procedures, as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act. The Company’s disclosure controls and procedures are designed to provide reasonable assurance that the information required to be included in the Company’s reports to the Commission is recorded, processed, summarized and reported within the time periods specified in Commission rules and forms and to provide reasonable assurance that such information is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure. Based on this evaluation, the Company’s principal executive officer and principal financial officer concluded that, as of the period covered by this report, the Company’s disclosure controls and procedures are effective at these reasonable assurance levels.

Our internal control system is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States. There is no assurance that our disclosure controls or our internal controls over financial reporting can prevent all errors. An internal control system, no matter how well designed and operated, has inherent limitations, including the possibility of human error. Because of the inherent limitations in a cost-effective control system, misstatements due to error may occur and not be detected. We monitor our disclosure controls and internal controls and make modifications as necessary. Our intent in this regard is that our disclosure controls and our internal controls will improve as systems change and conditions warrant.

(b) Changes in Internal Control over Financial Reporting

During the three months ended ~~March~~June 3130, 2010, there has been no change in internal control over financial reporting that has materially affected, or is reasonably likely to materially affect our internal control over financial reporting.

PART II - OTHER INFORMATION

Item 16. ~~Legal Proceedings~~Exhibits

~~Not~~(a) ~~applicable.~~ Exhibits

~~Item 2~~31. ~~Unregistered~~1 ~~Sales~~– Certification of ~~Equity~~Chief ~~Securities~~Executive ~~and~~Officer ~~Use~~pursuant to Section 302 of ~~Proceeds~~the Sarbanes-Oxley Act of 2002 by Mr. Ye Bi.

~~None~~31.2 – Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 by Ms. Zhuangyan Zou.

~~Item~~32.1 3– Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 by Mr. ~~Defaults~~ ~~Upon~~Ye ~~Senior~~Bi ~~Securities~~and Ms. Zhuangyan Zou.

~~Not applicable.~~10

Item 4. Removed and Reserved

Not applicable.

Item 5. Other Information

EXHIBIT

NUMBER DESCRIPTION

31.1 Certification pursuant to Exchange Act Rules 13a-15(e) and 15d-15(e), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1 Certification pursuant to 18 U.S.C. 1350.

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.

ALPINE ALPHA 2, LTD.

	CHINA GOLF GROUP, INC.

Date: August 16, 2010	BY:	/s/ Ye Bi
		Ye Bi
		Chief Executive Officer
		(principal executive officer)

Date: August 16, 2010	BY:	/s/ Zhuangyan Zou
		Zhuangyan Zou
		Chief Financial Officer
		(principal financial officer and accounting officer)

~~(Registrant)~~ 11

Date: May 17, 2010

By: /s/ James Hahn

(Signature)

Chief Executive Officer and President

(principal executive officer) &

Chief Financial Officer (principal

financial officer and principal accounting officer)

China Golf Group, Inc.

(f/k/a Alpine Alpha 2, LTD)

(A Development Stage Company)

Condensed Statements of Cash Flows

(Unaudited)

Filing Compare · China Golf Group, Inc.