China Vntgpt Acquisition Units (GREY:CHVPF)

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Friday, August 16, 2013

Comments & Business Outlook

China VantagePoint Acquisition Company

(A Company in the Development Stage)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

	For the Three Months Ended June 30,						For the Six Months Ended June 30,						For the Period September 3, 2010 (Inception) through
	2013			2012			2013			2012			June 30, 2013

Operating and formation costs:
Legal and professional fees	$	44,325		$	15,436		$	104,956		$	55,191		$	279,920
General and administrative expenses		1,844			8,604			2,267			10,533			53,649
Bad debt expense		-			-			-			-			466,799
Administrative expense - related party		22,500			22,500			45,000			45,000			175,446

Loss from operations		(68,669	)		(46,540	)		(152,223	)		(110,724	)		(975,814	)

Interest income		-			8,090			3,236			15,101			49,602
Other income		-			-			-			-			190,000

Net loss	$	(68,669	)	$	(38,450	)	$	(148,987	)	$	(95,623	)	$	(736,212	)

Basic and diluted net loss per share	$	(0.09	)	$	(0.02	)	$	(0.14	)	$	(0.06	)

Weighted average ordinary shares outstanding - basic and diluted		807,065			1,707,107			1,090,413			1,706,859

The accompanying notes are an integral part of these condensed consolidated financial statements.

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Monday, August 27, 2012

Research

China VantagePoint Acquisition Company is an exempted company organized under the laws of the Cayman Islands. We are a blank check company formed for the purpose of acquiring, through a merger, share exchange, asset acquisition, plan of arrangement, recapitalization, reorganization or similar business combination, one or more operating businesses, or control of such operating business or businesses through contractual arrangements. Although we are not limited to a particular geographic region or industry, we intend to focus on acquiring an operating business with its primary operations located in Greater China.

Unlike many other blank check companies, we are not required to have a shareholder vote to approve our initial business combination unless the nature of the business combination would require shareholder approval under applicable Cayman Islands law and our target business is not required to have a minimum value.

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