LEGEND SUN LIMITED

INDEX TO FINANCIAL STATEMENTS

Page

Balance Sheet as of December 10, 2009

1

Statement of Income and Comprehensive Income for the Period

from March 30, 2009 (Date of Inception) to December 10, 2009

2

Statement of Stockholder’s Equity

from March 30, 2009 (Date of Inception) to December 10, 2009

3

Statement of Cash Flows

from March 30, 2009 (Date of Inception) to December 10, 2009

4

LEGEND SUN LIMITED

BALANCE SHEET

December 10, 2009

ASSETS

CURRENTS ASSETS

Cash

 $    13,493

Other receivables

         7,017

Inventories

         4,871

Total current assets

                            25,381

Property and equipment

         126,717

Security deposits

     40,895

TOTAL ASSETS

$  192,993

LIABILITIES AND STOCKHOLDER'S EQUITY

CURRENT LIABILITIES

Accounts payable

  $    5,133

Other payable

       33,794

TOTAL CURRENT LIABILITIES

               38,927

Stockholder's loan

   158,640

TOTAL LIABILITIES

   197,567

STOCKHOLDER'S EQUITY

Common stock, 10,000 shares authorized with par value of HK$1;

1 share issued at par value of HK$1 and outstanding

                          1

1

Accumulated loss

    (4,575)

TOTAL STOCKHOLDER'S EQUITY

    (4,574)

TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY

$  192,993

LEGEND SUN LIMITED

STATEMENT OF INCOME AND COMPREHENSIVE INCOME

March 30, 2009

 (date of inception) to

December 10, 2009

Revenue

$  63,521

Cost of goods sold

   (22,022)

Gross profit

   41,499

Operating expenses

  (87,100)

OPERATING LOSS BEFORE INCOME TAXES

  (45,601)

Other income

   41,026

LOSS BEFORE INCOME TAXES

   (4,575)

INCOME TAXES EXPENSES

       -

NET LOSS

$  (4,575)

Loss per common share

Basic and fully diluted

$  (4,575)

WEIGHTED AVERAGE NUMBER OF   COMMON SHARES OUTSTANDING

       1

LEGEND SUN LIMITED

STATEMENT OF STOCKHOLDER'S EQUITY

Common Stock, with par value of HK$1

Accumulated

Total stockholder's

Number

Amount

Loss

equity

Common stock issued for cash

       $       1

   $       1

         $       1

         $       1

Net loss for the period

        _-

        _-

  (4,575)

   (4,575)

Balance as of December 10, 2009

$       1

$         1

$ (4,575)

$  (4,574)

LEGEND SUN LIMITED

STATEMENT OF CASH FLOWS

For the period from

March 30, 2009

(date of inception) to

December 10, 2009

CASH FLOWS FROM OPERATING ACTIVITIES

Net loss

    $   (4,575)

Adjustments to reconcile net loss to net cash

used in operating activities:

  Depreciation

           9,438

Changes in operating assets and liabilities:

  Other receivable

(7,017)

  Inventories

         (4,871)

  Security deposits

        (40,895)

  Accounts payable

           5,133

  Other payable

     33,794

NET CASH USED IN OPERATING ACTIVITIES

    (8,993)

CASH FLOWS FROM INVESTING ACTIVITIES

  Purchase of property and equipment

  (136,155)

NET CASH USED IN INVESTING ACTIVITIES

   136,155)

CASH FLOWS FROM FINANCING ACTIVITIES

  Proceeds from stockholder's loan

 158,640

  Cash received from issuance of common stock

         1

NET CASH PROVIDED BY FINANCING ACTIVITIES

   158,641

NET INCREASE IN CASH AND CASH EQUIVALENTS

    13,493

CASH AND CASH EQUIVALENTS

   Beginning of period

         -

   End of period

$   13,493

Supplemental disclosures of cash flow information:

  Cash paid for interest

$        -   

  Cash paid for income taxes

$        -