UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q
 (Mark(Mark One)

 xQUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended JuneSeptember 30, 2008

 o¨ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from ________________ to _______________

000-52622
(Commission file number)

MONDO ACQUISITION II, INC.GREEN PLANET BIOENGINNERING CO., LIMITED
(Exact name of registrant as specified in its charter)

Delaware
37-1532842
   (State(State or other jurisdiction of incorporation or organization) (IRS(IRS Employer Identification No.)
                                                                                                                                           ;                                       
61 Broadway, 32 18851 NE 29ndth Floor Avenue, Suite 700, Aventura, Florida 33180
New York, New York  10006
(Address of principal executive offices)

(212) 930-97001( 877) 544-2288 or (601) 786 9171
(Issuer's telephone number)

N/A
 (Former name, former address and former fiscal year, if changed since last report)

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 o¨

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

Large accelerated filer oLarge accelerated filer ¨                                                                                                Accelerated filer ¨Accelerated filer o
Non-accelerated filer o (Do not check if a smaller reporting company) Smaller reporting company x
Non-accelerated filer ¨(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 .Yes  ¨   No   x   No o

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: As of August 12,November 10, 2008, – 1,000,00015,191,667 shares of common stock were issued and outstanding.


MONDO ACQUISITION II, INC.
Index
 
GREEN PLANET BIOENGINEERING CO. LIMITED
Index

Page
Number
PART I.
FINANCIAL INFORMATION
 Page  
Number 
    
Item 1.
Financial Statements
Condensed  Balance Sheet as of September 30, 2008 (unaudited) and December 31, 2007  F-1 
    
 
Condensed  Balance Sheet asStatements of JuneOperations for the three and nine months Ended September 30, 2008 (unaudited) and December 31, 2007,
and From October 30, 2006 (Date of Inception) through September 30, 2008 (unaudited)
F-2
 
    
 
Condensed  Statements of LossesCash Flows for the three and sixnine months Ended JuneSeptember 30, 2008 and 2007, and From October 30, 2006
(Date (Date of Inception) through JuneSeptember 30, 2008 (unaudited)
F-3
 
    
 
Notes to Condensed Financial Statements (unaudited)
F-4- F-9
 Item 2.Management's Discussion and Analysis of Cash Flows for the six months Ended June 30, 2008Financial Condition and 2007, and From October 30, 2006
(DateResults of Inception) through June 30, 2008 (unaudited)
Operations
F-4
3		 
    
Item 3.
Notes to Condensed Financial Statements (unaudited)
Quantitative and Qualitative Disclosures about Market Risk
 F-5- F-8  
6
    
Item 2.
4T.
Management's DiscussionControls and Analysis of Financial Condition and Results of Operations
Procedures
3
 6		 
    
Item 3.
PART II.
Quantitative and Qualitative Disclosures about Market Risk
OTHER INFORMATION
4
 7		 
    
Item 4T.
1.
Controls and Procedures
Legal Proceedings
 4
 7		 
    
PART II.
Item1A.
OTHER INFORMATION
Risk Factors
 5
7		 
    
Item 1.
2.
Legal Proceedings
Unregistered Sales of Equity Securities and Use of Proceeds
 5
 7		 
    
Item1A.
Item 3.
Risk Factors
Defaults Upon Senior Securities
5
 7		 
    
Item 2.
4.
Unregistered SalesSubmission of Equity Securities and UseMatters to a Vote of Proceeds
Security Holders
 5
 7		 
    
Item 3.
5.
Defaults Upon Senior Securities
Other Information
 5
 7		 
    
Item 4.
6.
Submission of Matters to a Vote of Security Holders
Exhibits
 5
 7		 
    
Item 5.
Other Information
 5
SIGNATURES  		 
Item 6.
Exhibits
 5
SIGNATURES  
 6
8		 
                                                           
2
Item 1.

MONDO ACQUISITIONGREEN PLANET BIOENGINEERING CO., LIMITED
(f/k/a Mondo acquisition II, INC.Inc.)
(A DEVELOPMENT STAGE COMPANY)

CONDENSED BALANCE SHEET
AS OF SEPTEMBER 30, 2008
 
- TABLE OF CONTENTS -

  Page
Financial Statements:
Condensed Balance Sheet as of June 30, 2008 (unaudited) and December 31, 2007  
F - 2
Condensed Statements of Losses for the three and six months Ended June 30, 2008 and 2007, and From October 30, 2006
(Date of Inception) through June 30, 2008 (unaudited)
F - 3
Condensed Statements of Cash Flows for the six months Ended June 30, 2008 and 2007, and From October 30, 2006
(Date of Inception) through June 30, 2008 (unaudited)
F - 4
Notes to Condensed Financial Statements (unaudited)
F - 5 - F - 8

F-1

MONDO ACQUISITION II, INC.
(A DEVELOPMENT STAGE COMPANY)
CONDENSED BALANCE SHEET
AS OF JUNE 30, 2008
 
June 30,
2008
(unaudited)
 
December 31,
2007
  
September 30,
2008
(unaudited)
 
December 31,
2007
 
ASSETS
          
Current Assets:
          
Cash and cash equivalents
 
$
16,499
 
$
16,999
  $6,138 $16,999 
            
Total Assets
 
$
16,499
 
$
16,999
  $6,138 $16,999 
            
LIABILITIES AND STOCKHOLDERS' EQUITY
            
            
Current Liabilities:
            
Accrued expenses related to incorporation
 
$
1,493
 
$
1,493
  $1,493 $1,493 
Accounts payable
  
1,296
  
1,296
   1,296  1,296 
Total Current Liabilities
  
2,789
  
2,789
   2,789  2,789 
            
Long Term Liabilities:
  
-
  
-
   -  - 
            
Total Liabilities
  
2,789
  
2,789
   2,789  2,789 
            
Commitments and Contingencies
            
            
Stockholders’ Equity:
            
Preferred stock, par value $0.001; 10,000,000 shares authorized, no issued and outstanding as of
June 30, 2008 and December 31, 2007, respectively
 
-
 
-
 
Common stock, $0.001 par value; 40,000,000 authorized; 1,000,000 issued and outstanding as of
June 30, 2008 and December 31, 2007, respectively
 
1,000
 
1,000
 
Preferred stock, par value $0.001; 10,000,000 shares authorized, no issued and outstanding as of September 30, 2008 and December 31, 2007, respectively  -  - 
Common stock, $0.001 par value; 40,000,000 authorized; 1,000,000 issued and outstanding as of September 30, 2008 and December 31, 2007, respectively  1,000  1,000 
Additional paid in capital
 
16,500
 
16,500
   6,500  16,500 
Accumulated deficit during development stage
  
(3,790
)
  
(3,290
)
  (4,151) (3,290)
            
Total Stockholders' Equity
  
13,710
  
14,210
   3,349  14,210 
            
Total Liabilities and Stockholders' Equity
 
$
16,499
 
$
16,999
  $6,138 $16,999 

See the accompanying footnotes to unaudited condensed financial statements

F-1

GREEN PLANET BIOENGINEERING CO., LIMITED
(f/k/a Mondo acquisition II, Inc.)
(A DEVELOPMENT STAGE COMPANY)
CONDENSED STATEMENT OF OPERATIONS
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2008 AND 2007
FROM OCTOBER 30, 2006 (DATE OF INCEPTION) TO SEPTEMBER 30, 2008
(UNAUDITED)

      
For the
Period
From
October
30, 2006
(Date of
 
  
For the Three Months
Ended
 
For the Nine Months
Ended
 
Inception)
to
 
  
September 30,  
 
September 30,  
 
September 30,
 
  
2008
 
2007
 
2008
 
2007
 
2008
 
                
Operating Expenses:               
Selling, general and administrative expenses   $361 $1,296 $861 $1,296 $4,151 
Net Loss $(361)$(1,296)$(861)$(1,296)$(4,151)
                 
Net loss per common share (basic and diluted) $(0.000)  $(0.001)  $(0.000)  $(0.001)  $(0.004)
Weighted average number of shares outstanding (basic and diluted)  1,000,000  1,000,000  1,000,000  1,000,000  1,000,000 
See the accompanying footnotes to unaudited condensed financial statements
F-2
MONDO ACQUISITION II, INC.
(A DEVELOPMENT STAGE COMPANY)
 CONDENSED STATEMENT OF LOSSES
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2008 AND 2007
FROM OCTOBER 30, 2006 (DATE OF INCEPTION) TO JUNE 30, 2008
(UNAUDITED)
       For the Period  
  For the Three Months Ended   For the Three Months Ended  From October  
       30, 2006  
       (Date of Inception) 
  June 30,    June 30,   to June 30, 
  2008    2007    
2008
  2007   
 2008
 
                
Operating Expenses:               
Selling, general and administrative expenses   $500   --  $500  $-- $  3,790 
Net Loss $(500) $--  $(500) $-- $ (3,790) 
                    
Net loss per common share (basic and diluted) $(0.001) $(0.000) $(0.001) $(0.000)$  (0.004) 
Weighted average number of shares outstanding (basic and diluted)  1,000,000   1,000,000   1,000,000   1,000,000  1,000,000 

See the accompanying footnotes to unaudited condensed financial statementsGREEN PLANET BIOENGINEERING CO., LIMITED
(f/k/a Mondo acquisition II, Inc.)
F-3

MONDO ACQUISITION II, INC.
(A DEVELOPMENT STAGE COMPANY)
CONDENSED STATEMENT OF CASH FLOWS
FOR THE SIXNINE MONTHS ENDED JUNESEPTEMBER 30, 2008 AND 2007
FROM OCTOBER 30, 2006 (DATE OF INCEPTION) TO JUNESEPTEMBER 30, 2008
 (UNAUDITED)
 
  For the Six Months Ended June 30, 2008  For the Six Months Ended June 30, 2007 
 For the Period From October 30, 2006 (Date
of Inception)
to June 30,
2008 
 
Cash Flow from Operating Activities:
         
Net loss
 
$
(500
)  
 
$
-
 $  (3,790) 
Adjustments to reconcile net loss to net cash used in operating activities:
           
Changes in operating assets and liabilities:
           
Accounts payable and accrued expenses
  
-
   
-
  2,789 
            
Net Cash Used in Operating Activities
  
(500
)   
-
  (1,001) 
            
Cash Flow from Investing Activities:
  
-
   
-
  
-
 
            
Cash Flow Financing Activities:
           
Proceeds from issuance of common stock to founders
  
-
   
-
  17,500 
Net Cash Provided By Financing Activities:
  
-
   
-
  17,500 
            
Net (Decrease) Increase in Cash and Cash Equivalents
  
(500
)   
 
  16,499 
Cash and Cash Equivalents at beginning of period
  
16,999
   
17,500
  - 
Cash and Cash Equivalents at end of period
 
$
16,499
  
$
17,500
 $ 16,499 


  
For the Nine
Months
Ended
September
30, 2008
 
 For the Nine
Months
Ended
September
30, 2007
 
For the
Period From
October 30,
2006 (Date
of Inception)
to September 
30, 2008
 
Cash Flow from Operating Activities:         
Net loss $(861)$(1,296)$(4,151)
Adjustments to reconcile net loss to net cash used in operating activities:          
Changes in operating assets and liabilities:          
Accounts payable and accrued expenses  -  1,296  2,789 
           
Net Cash Used in Operating Activities  (861) -  (1,362)
           
Cash Flow from Investing Activities:  -  -  - 
           
Cash Flow Financing Activities:          
Cash Used in Stockholders’ distribution  (10,000) -  (10,000)
Proceeds from issuance of common stock to founders  
-
  -  17,500 
Net Cash Provided (Used) By Financing Activities:  (10,000) -  7,500 
           
Net (Decrease) Increase in Cash and Cash Equivalents  (10,861) -  6,138 
Cash and Cash Equivalents at beginning of period  16,999  17,500  - 
Cash and Cash Equivalents at end of period $6,138 $17,500 $6,138 

See the accompanying footnotes to unaudited condensed financial statements

F-4F-3

MONDO ACQUISITIONGREEN PLANET BIOENGINEERING CO., LIMITED
(f/k/a Mondo acquisition II, INC.Inc.)
(A DEVELOPMENT STAGE COMPANY)
NOTES TO CONDENSED FINANCIAL STATEMENTS
JUNESEPTEMBER 30, 2008
(unaudited)

NOTE 1 -ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
 
(a)
  (a)        
Organization and Business:

Green Planet Bioengineering Co., Limited (f/k/a Mondo Acquisition II, Inc. (the “Company”)), a wholly owned subsidiary of Mondo Management Corp., was incorporated in the state of Delaware on October 30, 2006 for the purpose of raising capital that is intended to be used in connection with its business plans which may include a possible merger, acquisition or other business combination with an operating business. On October 2, 2008, the Company changed its name to Green Planet Bioengineering Co. Limited. On October 24, 2008, (“Closing Date”), Green Planet Bioengineering Co. Limited executed and consummated a Share Exchange Agreement (the “Closing”) by and among (i) Elevated Throne Overseas Ltd., a British Virgin Islands limited liability company; (ii) the stockholders of 100% of Elevated Throne Overseas Ltd.’s common stock (the “Elevated Throne Overseas Ltd., Shareholders”); and (iii) Green Planet Bioengineering Co. Limited ’s then-controlling stockholder, Cris Neely.

At closing, the Company acquired control of Elevated Throne Overseas Ltd., which is the parent company of FuJian Green Planet Bioengineering Co., LTD., a wholly foreign-owned enterprise (“WFOE”) organized under the laws of the People’s Republic of China (“PRC”), by issuing to the Elevated Throne Overseas Ltd.’s Shareholders 14,141,667 shares of the Company’s Common Stock in exchange for all of the outstanding capital stock of Elevated Throne Overseas Ltd. (the “Reverse Merger Transaction”). Immediately after the Closing, we had a total of 15,141,667 shares of common stock outstanding, with the Elevated Throne Overseas Ltd.’s Shareholders (and their assignees) owning approximately 93.40% of our outstanding common stock, and the balance held by those who held the Company’s common stock prior to the Closing.

Elevated Throne Overseas Ltd. owns 100% of FuJian Green Planet Bioengineering Co., LTD., which is a WFOE under the laws of the PRC. WFOE has entered into a series of contractual arrangements with Sanming Huajian Bio-Engineering Co., Ltd., a limited liability company headquartered in, and organized under the laws of, the PRC.

As a result of the Reverse Merger Transaction, we acquired 100% of the capital stock of Elevated Throne Overseas Ltd. and consequently, control of the business and operations of Elevated Throne Overseas Ltd., Fujian Green Planet Bioengineering Co., Ltd., and Sanming Huajian Bio-Engineering Co., Ltd. Prior to the Reverse Merger Transaction, we were a public reporting blind pool company in the development stage. From and after the Closing Date of the Share Exchange Agreement, our primary operations consist of the business and operations of Sanming Huajian Bio-Engineering Co., Ltd.. Sanming’s business is conducted in China.

Elevated Throne Overseas Ltd. (“Elevated Throne”) was incorporated under the laws of the British Virgin Islands on May 8, 2008, and Elevated Throne Overseas Ltd. formed FuJian Green Planet Bioengineering Co., Ltd. as a wholly foreign-owned enterprise under the laws of the PRC on July 25, 2008.
Sanming Huajian Bio-Engineering Co., Ltd. was organized under the laws of the PRC in April of 2004 under the name Sanming Zhonjian Biological Technology Industry Co., Ltd.
Under the laws of the PRC, certain restrictions are placed on round trip investments, which are defined under PRC law as an acquisition of a PRC entity by an offshore special purpose vehicle owned by one or more PRC residents. As a result, FuJian Green Planet Bioengineering Co., LTD. entered into a series of agreements with Sanming Huajian Bio-Engineering Co., Ltd., which we believe give us effective control over the business of Sanming Huajian Bio-Engineering Co., Ltd. These agreements are described below in the section entitled “Contractual Agreements with Sanming Huajian Bio-Engineering Co., Ltd.”
Contractual Agreements with Sanming Huajian Bio-Engineering Co., Ltd.

Prior to the reverse merger, Elevated Throne Overseas’ business was conducted through Sanming Huajian Bio-Engineering Co., Ltd., its largest shareholders being Mr. Min Zhao and Ms. Min Yan Zheng with a 35.07% and 35.97% interest respectively. Sanming Huajian Bio-Engineering Co., Ltd. has the licenses and approvals necessary to operate its business in the PRC.

F-4

PRC law places certain restrictions on roundtrip investments through the acquisition of a PRC entity by PRC residents. To comply with these restrictions, in conjunction with the reverse acquisition, we (via our wholly-owned subsidiary, FuJian Green Planet Bioengineering Co., Ltd.) entered into and consummated certain contractual arrangements with Sanming Huajian Bio-Engineering Co., Ltd. and their respective stockholders pursuant to which we provide these companies with technology consulting and management services. Through these contractual arrangements, we have the ability to substantially influence these companies’ daily operations and financial affairs, appoint their senior executives and approve all matters requiring stockholder approval. As a result of these contractual arrangements, which enable us to control Sanming Huajian Bio-Engineering Co., Ltd. and operate our business in the PRC through Sanming Huajian Bio-Engineering Co., Ltd., we are considered the primary beneficiary of Sanming Huajian Bio-Engineering Co., Ltd. Accordingly, beginning after the Closing the Company will consolidate the results, assets and liabilities of the Sanming Huajian Bio-Engineering Co., Ltd. in our financial statements.

On July 25, 2008, we entered into the following contractual arrangements, each of which is enforceable and valid in accordance with the laws of the PRC:
Entrusted Management Agreement.  Pursuant to this entrusted management agreement among Fujian Green Planet Bioengineering Co., Ltd., Sanming Huajian, and the Sanming Huajian Shareholders (the "Entrusted Management Agreement"), Sanming Huajian and its shareholders agreed to entrust the business operations of Sanming Huajian and its management to Fujian Green Planet Bioengineering Co., Ltd. until Fujian Green Planet Bioengineering Co., Ltd. acquires all of the assets or equity of Sanming Huajian (as more fully described in the Exclusive Option Agreement below). Prior to the occurrence of such event, Sanming Huajian will only own those certain assets that are not sold to Fujian Green Planet Bioengineering Co., Ltd. The Company anticipates that Sanming Huajian will continue to be the contracting party under its customer contracts, banks loans and certain other assets until such time as those may be transferred to Fujian Green Planet Bioengineering Co., Ltd. Under the Entrusted Management Agreement, Fujian Green Planet Bioengineering Co., Ltd. will manage Sanming Huajian‘s operations and assets, and control all of Sanming Huajian’s cash flow through an entrusted bank account. In turn, it will be entitled to any of Sanming Huajian’s net profits as a management fee, and will be obligated to pay all Sanming Huajian payables and loan payments. The Entrusted Management Agreement will remain in effect until the acquisition of all assets or equity of Sanming Huajian by Fujian Green Planet Bioengineering Co., Ltd. is completed.

Exclusive Purchase Option Agreement.   Under the exclusive option agreement among Fujian Green Planet Bioengineering Co., Ltd. and the Sanming Huajian Shareholders, the Sanming Huajian Shareholders granted Fujian Green Planet Bioengineering Co., Ltd. an irrevocable and exclusive purchase option to acquire Sanming Huajian’s equity and/or remaining assets, but only to the extent that such purchase does not violate limitations imposed by PRC law. Current PRC law does not specifically provide for a non-PRC entity's equity to be used as consideration for the purchase of a PRC entity's assets or equity. The option is exercisable when PRC law specifically allows foreign equity to be used as consideration to acquire a PRC entity's equity interests and/or assets, and when the Company has sufficient funds to purchase Sanming Huajian’s equity or remaining assets. The consideration for the exercise of the option is the shares of Common Stock received by the Sanming Huajian’s Shareholders under the Share Exchange Agreement.

Share Pledge Agreement. Under this share pledge agreement among Fujian Green Planet Bioengineering Co., Ltd. and the Sanming Huajian Shareholders (the "Share Pledge Agreement"), the Sanming Huajian Shareholders pledged all of their equity interests in Sanming Huajian, including the proceeds thereof, to guarantee all of Fujian Green Planet Bioengineering Co., Ltd.’s rights and benefits under the Restructuring Agreements. Prior to termination of this Share Pledge Agreement, the pledged equity interests cannot be transferred without Fujian Green Planet Bioengineering Co., Ltd.’s prior consent.

Completion of the PRC Restructuring

The PRC restructuring transaction closed on October 24, 2008. However, Fujian Green Planet Bioengineering Co., Ltd. is required under the agreements to complete additional post-closing steps in order to maintain its good standing under PRC law. These steps include Fujian Green Planet Bioengineering Co., Ltd. making required regulatory filings and giving proof to regulatory authorities that it has received the required portion of its registered capital as of the deadline required under PRC law. Specifically, Fujian Green Planet Bioengineering Co., Ltd. must receive 15% of its total registered capital of $2.0MM by 3 months of effectiveness of business license, and the remaining $1.7MM by two years from effectiveness of business license, in order to maintain the validity of its business license and its certificate of approval to exist as a wholly foreign-owned entity in the PRC issued by the Fujian Provincial Municipal Government and the Sanming Administration for Industry and Commerce, respectively. This license and approval would become invalid and be immediately cancelled if Fujian Green Planet Bioengineering Co., Ltd. were to fail to make timely payment of its registered capital, in which case we could cease to have any claim to control Sanming Huajian Bio-Engineering Co., Ltd. under PRC law. We have filed an extension with the regulatory authorities and the payment of the registered capital is due in full by January 17, 2009. We anticipate that all required post-closing steps, including the payment and verification of the full payment of Fujian Green Planet Bioengineering Co., Ltd.’s registered capital, will be completed by January 17, 2009.

Upon consummation of the PRC Restructuring Agreements above, the contributions of Sanming Huajian Bio-Engineering Co., Ltd.’s registered capital, and therefore the ownership of Sanming Huajian Bio-Engineering Co., Ltd., took the current form, which is represented in the table below:

F-5

Name of Shareholder
 
Amount of Contribution
(RMB) ‘000
 
Percent of Capital
Contribution
 
Min Zhao  1332.82  35.07%
Min Yan Zhen  1366.86  35.97%
Jiangle Jianlong Mineral industry Co.  1100.32  28.96%
      
Total    RMB 3800.00    100%

Subsidiaries

As a result of the Reverse Merger Transaction, Elevated Throne Overseas Ltd. and FuJian Green Planet Bioengineering Co., Ltd. are the Company’s wholly-owned subsidiaries. Sanming Huajian Bio-Engineering Co., Ltd., the entity through which the Company operates its business, has no subsidiaries.

Sanming Huajian Bio-Engineering Co., Ltd’s Organization History

Sanming Huajian Bio-Engineering Co., Ltd was originally incorporated in April 2004 in the People’s Republic of China as Sanming Zhongjian Biological Technology Industry Co., Ltd. On August 17, 2004, the company changed its name from Sanming Zhongjian Biological Technology Industry Co., Ltd. to Sanming Huajian Bio-Engineering Co., Ltd. Sanming Huajian Bio-Engineering Co., Ltd is a research and development company with a focus on improving human health through the development, manufacture and commercialization of bio-ecological products and over-the-counter products utilizing the extractions of tobacco leaves. Since 2007, Sanming Huajian Bio Engineering Co., Ltd has developed a variety of natural organic products using tobacco leaves.

(b)
Development Stage Company:

The Company is currently a development stage company under the provisions of Statement of Financial Accounting Standards (“SFAS”) No. 7. All activities of the Company to date relate to its organization, initial funding and share issuances.
 
TheAs of September 30, 2008 and since the Company hashad not consummated the reverse merger transaction as of that date, the Company had not begun principal operations, and as is common with a development stage company, the Company has had recurring losses during its development stage. The Company’s financial statements are prepared using generally accepted accounting principles applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company does not have significant cash or other material assets, nor does it have an established source of revenues sufficient to cover its operating costs and to allow it to continue as a going concern. In the interim, shareholders of the Company have committed to meeting its minimal operating expenses.
 
(c)
Use of Estimates:

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
 
(d)
Cash and Cash Equivalents:

For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with original maturities of three months or less to be cash equivalents.

F-5F-6

MONDO ACQUISITIONGREEN PLANET BIOENGINEERING CO., LIMITED
(f/k/a Mondo acquisition II, INC.Inc.)
(A DEVELOPMENT STAGE COMPANY)
NOTES TO CONDENSED FINANCIAL STATEMENTS
JUNESEPTEMBER 30, 2008
(unaudited)

NOTE 1 -ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued): 
 
(e)
Income Taxes:
 
The Company has implemented the provisions on Statement of Financial Accounting Standards No. 109, "Accounting for Income Taxes" (SFAS 109). SFAS 109 requires that income tax accounts be computed using the liability method. Deferred taxes are determined based upon the estimated future tax effects of differences between the financial reporting and tax reporting bases of assets and liabilities given the provisions of currently enacted tax laws.
 
Any deferred tax asset is considered immaterial and has been fully offset by a valuation allowance because at this time the Company believes that it is more likely than not that the future tax benefit will not be realized as the Company has no current operations.
 
In June 2006, the FASB issued FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes-an interpretation of FASB Statement No. 109 ("FIN 48"). FIN 48 prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. FIN 48 also provides guidance on derecognition, classification, treatment of interest and penalties, and disclosure of such positions. Effective January 1, 2007, the Company adopted the provisions of FIN 48, as required. As a result of implementing FIN 48, there has been no adjustment to the Company’s financial statements for the three and six months ending June 30, 2008.
 
(f)
Loss per Common Share:
 
Basic loss per share is calculated using the weighted-average number of common shares outstanding during each reporting period. Diluted loss per share includes potentially dilutive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period. The Company does not have any potentially dilutive instruments.
 
(g)
Fair Value of Financial Instruments:
 
The carrying value of cash equivalents and accrued expenses approximates fair value due to the short period of time to maturity.

NOTE 2 -RECENT ACCOUNTING PRONOUNCEMENTS:
 
SFAS No. 141(R), “Business Combinations” — This statement includes a number of changes in the accounting and disclosure requirements for new business combinations occurring after its effective date.  The changes in accounting requirements include: acquisition costs will be expensed as incurred; noncontrolling (minority) interests will be valued at fair value; acquired contingent liabilities will be recorded at fair value; acquired research and development costs will be recorded at fair value as an intangible asset with indefinite life; restructuring costs will generally be expensed subsequent to the acquisition date; and changes in deferred tax asset valuation allowances and changes in income tax uncertainties after the acquisition date will generally affect income tax expense.  The statement is effective for new business combinations occurring on or after the first reporting period beginning on or after December 15, 2008.
 
SFAS No. 160, “Noncontrolling Interests in Consolidated Financial Statements:  An Amendment of ARB No. 51” —  This statement changes the accounting and reporting for noncontrolling (minority) interests in subsidiaries and for deconsolidation of a subsidiary.  Under the revised basis, the noncontrolling interest will be shown in the balance sheet as a separate line in equity instead of as a liability.  In the income statement, separate totals will be shown for consolidated net income including noncontrolling interest, noncontrolling interest as a deduction, and consolidated net income attributable to the controlling interest. In addition, changes in ownership interests in a subsidiary that do not result in deconsolidation are equity transactions if a controlling financial interest is retained. If a subsidiary is deconsolidated, the parent company will now recognize gain or loss to net income based on fair value of the noncontrolling equity at that date.  The statement is effective prospectively for fiscal years and interim periods beginning on or after December 15, 2008, but upon adoption will require restatement of prior periods to the revised bases of balance sheet and net income presentation.

F-6F-7


MONDO ACQUISITIONGREEN PLANET BIOENGINEERING CO., LIMITED
(f/k/a Mondo acquisition II, INC.Inc.)
(A DEVELOPMENT STAGE COMPANY)
NOTES TO CONDENSED FINANCIAL STATEMENTS
JUNESEPTEMBER 30, 2008
(unaudited)


NOTE 3 -CAPITAL STOCK:

On October 2, 2008, the Company filed an amendment to its Certificate of Incorporation with the Secretary of State of Delaware, pursuant to which it increased its authorized common stock. The total number of shares of capital stock which the Company shall have authority to issue is fiftytwo hundred sixty million (50,000,000)(260,000,000). TheseThe Company is authorized to issue 250,000,000 shares shall be divided into two classes with 40,000,000 shares designated asof common stock at $.001 par value (the “Common Stock”) and 10,000,000 shares designated asof preferred stock at $.001 par value (the “Preferred Stock”). The Preferred stock of the Company shall be issued by the Board of Directors of the Company in one or more classes or one or more series within any class and such classes or series shall have such voting powers, full or limited, or no voting powers, and such designations, preferences, limitations or restrictions as the Board of Directors of the Company may determine, from time to time.
 
Holders of shares of Common Stock shall be entitled to cast one vote for each share held at all stockholders' meetings for all purposes, including the election of directors. The Common Stock does not have cumulative voting rights.
 
No holder of shares of stock of any class shall be entitled as a matter of right to subscribe for or purchase or receive any part of any new or additional issue of shares of stock of any class, or of securities convertible into shares of stock of any class, whether now hereafter authorized or whether issued for money, for consideration other than money, or by way of dividend.
 
On December 8, 2006, the Company issued 1,000,000 shares of Common Stock to Mondo Management Corp. at a purchase price of $.0175 per share, for an aggregate purchase price of $17,500.
 
The Company had 1,000,000 shares of common stock issued and outstanding at JuneSeptember 30, 2008 and June 30, 2007. As of JuneSeptember 30, 2008 and June 30, 2007 the Company had no preferred stock issued and outstanding.

F-7F-8
 
MONDO ACQUISITIONGREEN PLANET BIOENGINEERING CO., LIMITED
(f/k/a Mondo acquisition II, INC.Inc.)
(A DEVELOPMENT STAGE COMPANY)
NOTES TO CONDENSED FINANCIAL STATEMENTS
JUNESEPTEMBER 30, 2008
(unaudited)

NOTE 4 -RELATED PARTIES:

The officers, directors and stockholders of the Company are affiliated with Sichenzia Ross Friedman Ference LLP, an entity providing legal services to the Company at no cost. The Company recorded the fair value of such legal services to reflect all the costs of doing business in the Company’s financial statements.

NOTE 5 - INCOME TAXES:

For income tax reporting purposes, the Company's aggregate unused net operating losses of approximately $3,700$4,200 will expire through 2026, subject to limitations of Section 382 of the Internal Revenue Code, as amended. The deferred tax asset related to the carry forward was deemed to be approximately $900.$1,000. The Company has provided a valuation reserve against the full amount of the net operating loss benefit, because in the opinion of management based upon the development stage and the likelihood of a future Section 382 limitation it is more likely than not that the benefits will not be realized.

NOTE 6 – POST BALANCE SHEET EVENTS

On October 2, 2008, the Company changed its name from Mondo Acquisition II, Inc. to Green Planet Bioengineering Co. Limited and increased its number of authorized shares of common stock from 40,000,000 to 250,000,000 shares. On October 23, 2008 and October 24, 2008, the Company entered into a series of transactions with the shareholders of Elevated Throne Overseas Ltd. (“Elevated Throne”) pursuant to which (i) Elevated Throne became a wholly-owned subsidiary of the Company, (ii) the Company appointed new directors and officers and (iii) Cris Neely, the company’s, president and director, tendered his resignation. These transactions are described in greater detail in the Company’s Form 8-K dated October 24, 2008. In October, the company approved 50,000 shares of its common stock to a service provider for services rendered. In addition, the Company has issued, as compensation to a consultant, warrants to purchase an aggregate of 20,000,000 shares of its common stock (subject to adjustment upon certain events) at exercise prices ranging from $0.10 to $1.00 per share, however in no event shall the consultant be entitled to exercise these warrants for a number of warrant shares in excess of that number of warrant shares which, upon giving effect to such exercise, would cause the aggregate number of shares of common stock beneficially owned by consultant and its affiliates to exceed 4.99% of the outstanding shares of the common stock following such exercise. The Company has also granted to said consultant the right to convert any portion of a $1,000,000 consulting fee payable to said consultant into shares of the Company’s common stock (at a conversion price based upon the market price for the Company’s common stock on the day it first trades). The Company has also issued warrants to purchase 4,718,333 shares of its common stock (subject to adjustment upon certain events) at an exercise price of $0.001 per share as compensation to other consultants and service providers.
F-8F-9

Item 2.      Management's Discussion and Analysis of Financial Condition and Results of Operations
 
FORWARD LOOKING STATEMENTS
 
Some of the statements contained in this Form 10-Q that are not historical facts are "forward-looking statements" which can be identified by the use of terminology such as "estimates," "projects," "plans," "believes," "expects," "anticipates," "intends," or the negative or other variations, or by discussions of strategy that involve risks and uncertainties. We urge you to be cautious of the forward-looking statements, that such statements, which are contained in this Form 10-Q, reflect our current beliefs with respect to future events and involve known and unknown risks, uncertainties and other factors affecting our operations, market growth, services, products and licenses. No assurances can be given regarding the achievement of future results, as actual results may differ materially as a result of the risks we face, and actual events may differ from the assumptions underlying the statements that have been made regarding anticipated events. Factors that may cause actual results, our performance or achievements, or industry results, to differ materially from those contemplated by such forward-looking statements include without limitation:
 
●·   Our ability to attract and retain management,
 
●·   Our ability to raise capital when needed and on acceptable terms and conditions;
 
●·   The intensity of competition; and
 
●·   General economic conditions.
 
All written and oral forward-looking statements made in connection with this Form 10-Q that are attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. Given the uncertainties that surround such statements, you are cautioned not to place undue reliance on such forward-looking statements.

Overview

We were incorporated in Delaware under the name Mondo Acquisition II, Inc. on October 30, 2006.  Our initial business plan was to serve as a vehicle to pursue a business combination through the acquisition of, or merger with, an operating business. On September 30, 2008, Mondo Acquisition II, Inc., Mondo Management Corp. (“Seller”) and Cris Neely (“Buyer”) entered into a Stock Purchase Agreement (the “Agreement”). Pursuant to the Agreement, Seller sold to Buyer an aggregate of 935,000 previously issued and outstanding shares of the Company's restricted common stock, comprising of approximately 93.5 % of the issued and outstanding capital stock of the Company. The following planpurchase price for the sale of operation provides information which management believes is relevant to an assessmentthe shares was $14,375 in cash and understanding65,000 shares of our resultscommon stock. All of operationsour current officers and financial condition. The discussion should be read alongdirectors agreed to resign and the Buyer’s nominee, Mr. Cris Neely, was appointed to fill the vacancies on the Board in connection 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.stock purchase transaction.

Overview

The Company hasOn October 2, 2008, we changed our name to Green Planet Bioengineering Co. Limited. We have not realized any revenues from operations since inception, and itsour plan of operation for the next twelve months iswas to locate a suitable acquisition or merger candidate and consummate a business combination. The Company may need additional cash advances from stockholders or loans from other parties to pay for operating expenses until the Company consummates the merger with a privately-held company. Although it is currently anticipated that the Company can satisfy its cash requirements with additional cash advances or loans from other parties, if needed, for at least the next twelve months, the Company can provide no assurance that it can continue to satisfy its cash requirements for such period.

Since our formation on October 30, 2006, our purpose has been to effect a business combination with an operating business which we believe has significant growth potential. We are currentlyUntil we acquired all of the issued and outstanding common stock of Elevated Throne Overseas Ltd. (discussed below), we were considered to be a “blank check” company in as much as wedid not have no specific business plans, no operations, revenues or employees. We currently have no definitive agreements or understanding with any prospective business combination candidates and have not targeted any business for investigation and evaluation nor are there any assurances that we will find a suitable business with which to combine. The implementation of our business objectives is wholly contingent upon a business combination and/or the successful sale of securities in the company. We intend to utilize the proceeds of any offering, any sales of equity securities or debt securities, bank and other borrowings or a combination of those sources to effect a business combination with a target business which we believe has significant growth potential. While we may, under certain circumstances, seek to effect business combinations with more than one target business, unless and until additional financing is obtained, we will not have sufficient proceeds remaining after an initial business combination to undertake additional business combinations.
 
As a result of our limited resources,more fully described below, on October 24, 2008, we expect to effect onlyconsummated a single business combination. Accordingly, the prospects for our success will be entirely dependent upon the future performance of a single business. Unlike certain entities that have the resources to consummate several business combinations or entities operating in multiple industries or multiple segments of a single industry, we will not have the resources to diversify our operations or benefit from the possible spreading of risks or offsetting of losses. A target business may be dependent upon the development or market acceptance of a single or limited number of products, processes or services,related transactions through which we acquired control of Sanming Huajian Bio-Engineering Co., Ltd., a PRC-based company (the “Reverse Merger Transaction”). These transactions are described in which case there will be an even higher risk thatgreater detail in our Form 8-K dated October 24, 2008. Sanming Huajian Bio-Engineering Co., Ltd. is engaged in the target business will not proveresearch, development, production and sale of extracts from tobacco leaves to be commercially viable.used in various pharmaceutical and health products.

The Reverse Merger Transaction

On October 24, 2008, (“Closing Date”), Green Planet Bioengineering Co. Limited executed and consummated a Share Exchange Agreement (the “Closing”) by and among (i) Elevated Throne Overseas Ltd., a British Virgin Islands limited liability company; (ii) the stockholders of 100% of Elevated Throne Overseas Ltd.’s common stock (the “Elevated Throne Overseas Ltd., Shareholders”); and (iii) Green Planet Bioengineering Co. Limited ’s then-controlling stockholder, Cris Neely.

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At closing, we acquired control of Elevated Throne Overseas Ltd., which is the parent company of FuJian Green Planet Bioengineering Co., LTD., a wholly foreign-owned enterprise (“WFOE”) organized under the laws of the People’s Republic of China (“PRC”), by issuing to the Elevated Throne Overseas Ltd.’s Shareholders 14,141,667 shares of our Common Stock in exchange for all of the outstanding capital stock of Elevated Throne Overseas Ltd. (the “Reverse Merger Transaction”). Immediately after the Closing, we had a total of 15,141,667 shares of common stock outstanding, with the Elevated Throne Overseas Ltd.’s Shareholders (and their assignees) owning approximately 93.40% of our outstanding common stock, and the balance held by those who held our common stock prior to the Closing.

Our officersboard of directors (the “Board”) as well as the directors and the shareholders of Elevated Throne Overseas Ltd. each approved the Reverse Merger Transaction, including the transactions contemplated there under. Following the Closing Date, Elevated Throne Overseas Ltd. became our wholly-owned subsidiary.

Elevated Throne Overseas Ltd. owns 100% of FuJian Green Planet Bioengineering Co., LTD., which is a WFOE under the laws of the PRC. WFOE has entered into a series of contractual arrangements with Sanming Huajian Bio-Engineering Co., Ltd., a limited liability company headquartered in, and organized under the laws of, the PRC.

As a result of the Reverse Merger Transaction, we acquired 100% of the capital stock of Elevated Throne Overseas Ltd. and consequently, control of the business and operations of Elevated Throne Overseas Ltd., Fujian Green Planet Bioengineering Co., Ltd., and Sanming Huajian Bio-Engineering Co., Ltd. Prior to the Reverse Merger Transaction, we were a public reporting blind pool company in the development stage. From and after the Closing Date of the Share Exchange Agreement, our primary operations consist of the business and operations of Sanming Huajian Bio-Engineering Co., Ltd. Sanming’s business is conducted in China.

Our Board approved the Share Exchange Agreement on October 23, 2008, and we entered into the Share Exchange Agreement with Elevated Throne Overseas Ltd. and its Shareholders on October 24, 2008.
Elevated Throne Overseas Ltd. (“Elevated Throne”) was incorporated under the laws of the British Virgin Islands on May 8, 2008, and Elevated Throne Overseas Ltd. formed FuJian Green Planet Bioengineering Co., Ltd. as a wholly foreign-owned enterprise under the laws of the PRC on July 25, 2008.
Sanming Huajian Bio-Engineering Co., Ltd. was organized under the laws of the PRC in April of 2004 under the name Sanming Zhonjian Biological Technology Industry Co., Ltd.
Under the laws of the PRC, certain restrictions are placed on round trip investments, which are defined under PRC law as an acquisition of a PRC entity by an offshore special purpose vehicle owned by one or more PRC residents. As a result, FuJian Green Planet Bioengineering Co., LTD. entered into a series of agreements with Sanming Huajian Bio-Engineering Co., Ltd., which we believe give us effective control over the business of Sanming Huajian Bio-Engineering Co., Ltd. These agreements are described below in the section entitled “Contractual Agreements with Sanming Huajian Bio-Engineering Co., Ltd.”
Sanming Huajian Bio-Engineering Co., Ltd.’s executive offices are located at No.126 Mingdu Building, Gongye Road, Sanming City, Fujian, China, and the telephone number is +86 598 8523617. Our website is www.greenplanetbio.com.cn. Information on our website or any other website is not a part of this report.

Contractual Agreements with Sanming Huajian Bio-Engineering Co., Ltd.

Prior to the reverse merger, Elevated Throne Overseas’ business was conducted through Sanming Huajian Bio-Engineering Co., Ltd., its largest shareholders being Mr. Min Zhao and Mr. MinYan Zhen with a 35.07% and 35.97% interest respectively. Sanming Huajian Bio-Engineering Co., Ltd. has the licenses and approvals necessary to operate its business in the PRC.

PRC law places certain restrictions on roundtrip investments through the acquisition of a PRC entity by PRC residents. To comply with these restrictions, in conjunction with the reverse acquisition, we (via our wholly-owned subsidiary, FuJian Green Planet Bioengineering Co., Ltd.) entered into and consummated certain contractual arrangements with Sanming Huajian Bio-Engineering Co., Ltd. and their respective stockholders pursuant to which we provide these companies with technology consulting and management services. Through these contractual arrangements, we have the ability to substantially influence these companies’ daily operations and financial affairs, appoint their senior executives and approve all matters requiring stockholder approval. As a result of these contractual arrangements, which enable us to control Sanming Huajian Bio-Engineering Co., Ltd. and operate our business in the PRC through Sanming Huajian Bio-Engineering Co., Ltd., we are considered the primary beneficiary of Sanming Huajian Bio-Engineering Co., Ltd. Accordingly, we consolidate the results, assets and liabilities of the Sanming Huajian Bio-Engineering Co., Ltd. in our financial statements.

4

On July 25, 2008, we entered into the following contractual arrangements, each of which is enforceable and valid in accordance with the laws of the PRC:
Entrusted Management Agreement.  Pursuant to this entrusted management agreement among Fujian Green Planet Bioengineering Co., Ltd., Sanming Huajian, and the Sanming Huajian Shareholders (the "Entrusted Management Agreement"), Sanming Huajian and its shareholders agreed to entrust the business operations of Sanming Huajian and its management to Fujian Green Planet Bioengineering Co., Ltd. until Fujian Green Planet Bioengineering Co., Ltd. acquires all of the assets or equity of Sanming Huajian (as more fully described in the Exclusive Option Agreement below). Prior to the occurrence of such event, Sanming Huajian will only own those certain assets that are not sold to Fujian Green Planet Bioengineering Co., Ltd. We anticipate that Sanming Huajian will continue to be the contracting party under its customer contracts, banks loans and certain other assets until such time as those may be transferred to Fujian Green Planet Bioengineering Co., Ltd. Under the Entrusted Management Agreement, Fujian Green Planet Bioengineering Co., Ltd. will manage Sanming Huajian‘s operations and assets, and control all of Sanming Huajian’s cash flow through an entrusted bank account. In turn, it will be entitled to any of Sanming Huajian’s net profits as a management fee, and will be obligated to pay all Sanming Huajian payables and loan payments. The Entrusted Management Agreement will remain in effect until the acquisition of all assets or equity of Sanming Huajian by Fujian Green Planet Bioengineering Co., Ltd. is completed.
Exclusive Purchase Option Agreement.   Under the exclusive option agreement among Fujian Green Planet Bioengineering Co., Ltd. and the Sanming Huajian Shareholders, the Sanming Huajian Shareholders granted Fujian Green Planet Bioengineering Co., Ltd. an irrevocable and exclusive purchase option to acquire Sanming Huajian’s equity and/or remaining assets, but only to the extent that such purchase does not violate limitations imposed by PRC law. Current PRC law does not specifically provide for a non-PRC entity's equity to be used as consideration for the purchase of a PRC entity's assets or equity. The option is exercisable when PRC law specifically allows foreign equity to be used as consideration to acquire a PRC entity's equity interests and/or assets, and when the Company has sufficient funds to purchase Sanming Huajian’s equity or remaining assets. The consideration for the exercise of the option is the shares of Common Stock received by the Sanming Huajian’s Shareholders under the Share Exchange Agreement.
Share Pledge Agreement. Under this share pledge agreement among Fujian Green Planet Bioengineering Co., Ltd. and the Sanming Huajian Shareholders (the "Share Pledge Agreement"), the Sanming Huajian Shareholders pledged all of their equity interests in Sanming Huajian, including the proceeds thereof, to guarantee all of Fujian Green Planet Bioengineering Co., Ltd.’s rights and benefits under the Restructuring Agreements. Prior to termination of this Share Pledge Agreement, the pledged equity interests cannot be transferred without Fujian Green Planet Bioengineering Co., Ltd.’s prior consent.

Completion of the PRC Restructuring

The PRC restructuring transaction closed on October 24, 2008. However, Fujian Green Planet Bioengineering Co., Ltd. is required under the agreements to devote a very limitedcomplete additional post-closing steps in order to maintain its good standing under PRC law. These steps include Fujian Green Planet Bioengineering Co., Ltd. making required regulatory filings and giving proof to regulatory authorities that it has received the required portion of their timeits registered capital as of the deadline required under PRC law. Specifically, Fujian Green Planet Bioengineering Co., Ltd. must receive 15% of its total registered capital of $2.0MM by 3 months of effectiveness of business license, and the remaining $1.7MM by two years from effectiveness of business license, in order to our affairs onmaintain the validity of its business license and its certificate of approval to exist as a part-time or as-needed basis.wholly foreign-owned entity in the PRC issued by the Fujian Provincial Municipal Government and the Sanming Administration for Industry and Commerce, respectively. This license and approval would become invalid and be immediately cancelled if Fujian Green Planet Bioengineering Co., Ltd. were to fail to make timely payment of its registered capital, in which case we could cease to have any claim to control Sanming Huajian Bio-Engineering Co., Ltd. under PRC law. We expect to use outside consultants, advisors, attorneyshave filed an extension with the regulatory authorities and accountants as necessary, nonethe payment of whichthe registered capital is due in full by January 17, 2009. We anticipate that all required post-closing steps, including the payment and verification of the full payment of Fujian Green Planet Bioengineering Co., Ltd.’s registered capital, will be hired on a retainer basis. We do not anticipate hiring any full-time employees so long as we are seeking and evaluating business opportunities.completed by January 17, 2009.

We expect our present management to play no managerial roleUpon consummation of the PRC Restructuring Agreements above, the contributions of Sanming Huajian Bio-Engineering Co., Ltd.’s registered capital, and therefore the ownership of Sanming Huajian Bio-Engineering Co., Ltd., took the current form, which is represented in the Company followingtable below:

Name of Shareholder
 
Amount of Contribution
(RMB) ‘000
 
Percent of Capital
Contribution
 
Min Zhao  1332.82  35.07%
Min Yan Zhen  1366.86  35.97%
Jiangle Jianlong Mineral industry Co.  1100.32  28.96%
      
Total  RMB 3800.00  100%

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Subsidiaries

As a result of the Reverse Merger Transaction, Elevated Throne Overseas Ltd. and FuJian Green Planet Bioengineering Co., Ltd. are our wholly-owned subsidiaries. Sanming Huajian Bio-Engineering Co., Ltd., the entity through which we operate our business, combination. Although we intendhas no subsidiaries.

Sanming Huajian Bio-Engineering Co., Ltd’s Organization History

Sanming Huajian Bio-Engineering Co., Ltd was originally incorporated in April 2004 in the People’s Republic of China as Sanming Zhongjian Biological Technology Industry Co., Ltd. On August 17, 2004, the company changed its name from Sanming Zhongjian Biological Technology Industry Co., Ltd. to scrutinize closely the management ofSanming Huajian Bio-Engineering Co., Ltd. Sanming Huajian Bio-Engineering Co., Ltd is a prospective target business in connection with our evaluation of a business combinationresearch and development company with a target business, our assessmentfocus on improving human health through the development, manufacture and commercialization of management may be incorrect. We cannot assure you that we will findbio-ecological products and over-the-counter products utilizing the extractions of tobacco leaves. Since 2007, Sanming Huajian Bio Engineering Co., Ltd has developed a suitable business with which to combine.variety of natural organic products using tobacco leaves.

Results of Operations

The Company hasPrior to the consummation of the Reverse Merger Transaction, we did not conductedconduct any active operations, since inception, except for itsforour efforts to locate a suitable acquisition or merger transaction. No revenue has been generated by the Companyus during such period, and it is unlikely the Company will have any revenues unless it is able to consummate or effect an acquisition of, or merger with, an operating company, of which there can be no assurance.period.

Net loss for the three and sixnine months ended JuneSeptember 30, 2008 was $500 and $500,$361and $861 respectively, compared to $0$1,296 and $0$1,296 for the three and sixnine months ended JuneSeptember 30, 2007, respectively.

Liquidity and Capital Resources

The Company willWe did not have any revenues from any operations absent a merger or other business combination with an operating company,for the three and no assurance can be given that such a merger or other business combination will occur or that the Company can engage in any public or private sales of the Company’s equity or debt securities to raise working capital. The Company is dependent upon future loans from its present stockholders or management, and there can be no assurances that its present stockholders or management will make any loans to the Company.nine months ended September 30, 2008. At JuneSeptember 30, 2008, the Companywe had cash of $16,499$6,138 and working capital of $13,710.$3,349.

The Company's presentThrough September 30, 2008, and prior to the execution of the Share Exchange Agreement, our material commitments arewere professional and administrative fees and expenses associated with the preparation of its filings with the SEC and other regulatory requirements. In the event that the Company engages in any merger or other business combination with an operating company, it will have additional material commitments. Although the Company from time to time may engage in discussions regarding a merger or other combination with an operating company, we cannot offer any assurances that we will engage in any merger or other combination with an operating company within the next twelve months.

Off Balance Sheet Arrangements

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to our stockholders.

ITEMItem 3.          Quantitative and Qualitative Disclosures about Market Risk.

N/A

Item 4T.         Controls and Procedures.

(a) Evaluation of Disclosure Controls and Procedures
 
As of JuneSeptember 30, 2008, we carried out an evaluation, under the supervision and with the participation of our Principal Executive Officer and Principal Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based on this evaluation, our Principal Executive Officer and Principal Financial Officer concluded that our disclosure controls and procedures were effective in ensuring that information required to be disclosed by us in our periodic reports is recorded, processed, summarized and reported, within the time periods specified for each report and that such information is accumulated and communicated to our management, including our principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.
 
(b) Changes in Internal Controls.
 
There was no change in our internal controls over financial reporting that has materially affected, or is reasonable likely to materially affect, our internal control over financial reporting during the quarter covered by this Report.

46

Part II.  
OTHER INFORMATION

Item 1. 
Legal Proceedings

None

Item  1A. 
Risk Factors

Not applicable

Item  2. 
Unregistered Sales of Equity Securities and Use of Proceeds

Not applicable.

Item 3.  
Defaults Upon Senior Securities

None.

Item 3.  Defaults Upon Senior Securities

None.

Item 4. 
Submission of Matters to a Vote of Security Holders

Not applicable

Item 5.    
Other Information

Not applicable

Item 6. 
Exhibits

(a)  Exhibits

Exhibit Number
Description of Exhibit
31
31.1
Certification of Principal Executive Officer pursuant to Rule 13a-14 and Rule 15d-14(a), promulgated under the Securities and Exchange Act of 1934, as amended
31.2Certification of Principal Financial Officer pursuant to Rule 13a-14 and Rule 15d-14(a), promulgated under the Securities and Exchange Act of 1934, as amended
  
32
Certification of Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 
57

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
  Mondo Acquisition II, Inc.Green Planet Bioengineering Co. Limited.   
        
Date: AugustNovember 12, 2008
By:/s/ Darrin M. OcasioMin Zhao  
  Darrin M. OcasioMin Zhao  
    President
Chief Executive Officer (Principal Executive
Officer and Principal Financial and Accounting
Officer)
  
 
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8