L & L Energy (LLEN) 8-K Completion of Acquisition or Disposition of Assets

L&L Financial Holdings, Inc.

L&L PRO FORMA STATEMENT FOR THE YEAR 2004

Special Disclosure for Public Companies

Supplemental information on pro forma basis for the period in which a material business combination occurs.

1)	Result of operations for the fiscal year ended April 30, 2005 asthough the combination had been completed at the beginning of the period.
	L & L FINANCIAL HOLDINGS, INC. PRO FORMA STATMENT
	CONSOLIDATED STATEMENTS OF RESULT OF OPERATIONS For the Year Ended April 30, 2005

RENVENUE:
Sales, net of tax	$	13,986,730
Service Revenues		459,808
		14,446,538
Cost of Goods Sold		(10,144,019	)
OPERATING COSTS AND EXPENSES:
Personnel costs		1,440,152
General and administrative expenses		2,289,961
Total operating expenses		3,730,113
OTHER (EXPENSES)/INCOME:
Interest expense		(155,982	)
Gain on sales of machinery		422,277
Other income		458,862
Other expenses		(76,349	)
Total other income		648,808
INCOME BEFORE EXTRAORDINARY ITEMS AND
CUMULATIVE EFFECT OF ACCOUNTING CHANGES		1,221,214
Extraordinary items		0
Cumulative effect of accounting changes		0
Income after extraordinary items and cumulative effect of		1,221,214

accounting changes

LESS PROVISION FOR INCOME TAXES	0
	1,221,214

MINORITY INTEREST		(875,489	)
NET INCOME		345,724
OTHER COMPREHENSIVE INCOME:
Foreign currency translation		(2,071	)
Total other comprehensive income		(2,071	)
COMPREHENSIVE INCOME	$	343,653
EARNINGS PER SHARE – basic & diluted		0.019
WEIGHTED AVERAGE SHARES OUTSTANDING – basic &
diluted		18,005,225

2)      Results of operations for the comparable priorfiscal year ended April 30, 2004as though the combination had been completed at the beginning of that period if comparative financial statements are presented.

L & L FINANCIAL HOLDINGS, INC.
PRO FORMA STATEMENT
CONSOLIDATED STATEMENTS OFRESULT OF OPERATIONS
For the Year Ended April 30, 2004
RENVENUE:
Sales, net of tax	$	12,352,091
Service Revenues		570,502
		12,922,593
Cost of Goods Sold		(10,087,096	)
OPERATING COSTS AND EXPENSES:
Personnel costs		1,251,717
General and administrative expenses		3,710,436
Total operating expenses		4,962,153
OTHER (EXPENSES)/INCOME:
Interest expense		(164,462	)
Gain on sales of machinery		32,217

Other income		187,555
Other expenses		(788,835	)
Total other expenses		(733,523	)
LOSS BEFORE EXTRAORDINARY ITEMS AND CUMULATIVE
EFFECT OF ACCOUNTING CHANGES		(2,860,180	)
Extraordinary Items		0
Cumulative effect of accounting changes		0
Loss after extraordinary items and cumulative effect of
accounting changes		(2,860,180	)
LESS PROVISION FOR INCOME TAXES		0
		(2,860,180	)
MINORITY INTEREST		1,404,511
NET LOSS	$	(1,455,669	)
OTHER COMPREHENSIVE INCOME:
Foreign currency translation		(2,071	)
Total other comprehensive loss		(2,071	)
COMPREHENSIVE LOSS	$	(1,457,740	)
EARNINGS PER SHARE – basic & diluted		(0.27	)
WEIGHTED AVERAGE SHARES OUTSTANDING – basic &
diluted		5,388,292