ONE Bio (ONBI) 8-K Entry into a Material Definitive Agreement

Exhibit 9.2

ONE HOLDINGS, CORP

PROFORMA CONSOLIDATED BALANCE SHEETS

FOR SIX MONTHS ENDED JUNE 30, 2009

	IN US$
	ONE Holdings Corp			UGTI		Effects of			Consolidated
Assets	YTD June 09			YTD June 09		Acquisition			YTD June 09
Current Assets
Cash and Cash Equivalents		194,832			819,093					1,013,925
Trade Receivables		––			4,365,068					4,365,068
Deferred Taxes		––			––					––
Deferred Expense		––			328,717					328,717
Inventories		––			2,685,063					2,685,063
Total Current Assets		194,832			8,197,941					8,392,773
Intangible Assets		––			108,365					108,365
Goodwill		––			––		––			––
Property, Plant and Equipment Net		8,616			1,836,736					1,845,352
Land Use Rights		––			5,551,660					5,551,660
Deferred Taxes		––			2,357					2,357
Restricted Cash		––			365,241					365,241
Total Assets		203,448			16,062,300					16,265,748
Liabilities and Stockholders' Equity
Liabilities
Current Liabilities
Trade Payables		––			205,757					205,757
Other Payables and Accrued Expenses		4			79,851					79,855
Amount Due To A Related Party		––			––					––
Amount Due To A Stockholder		––			––					––
Short-Term Other Loans		––			1,460,963					1,460,963
Bank Notes Payable		––			730,482					730,482
Tax Payable		––			722,507					722,507
Deferred Revenue		––			––					––
Total Current Liabilities		4			3,199,560					3,199,564
Other Payables		––			––					––
Total Long Term Liabilities
Notes Payable		––			––					––
Total Liabilities		4			3,199,560					3,199,564
Minority Interest		––			––		379,077			379,077
Stockholders' Equity
Common Stock: ONE Holdings, Corp. Par Value $0.01 Per Share
Authorized: 750,000 Shares, 101,625,000 Issued
and Outstanding		1,016,250								1,016,250
Additional Paid In Capital		(660,887	)		3,514,599					2,853,712
Statutory Reserve		––			632,683					632,683
Accumulated Other Comprehensive Income		––			649,921					649,921
Retained Earnings		(151,919	)		8,065,537		(379,077	)		7,534,541
Total Stockholders' Equity		203,444			12,862,740		(379,077	)		12,687,107
Total Liabilities and Stockholders' Equity		203,448			16,062,300		––			16,265,748

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ONE HOLDINGS, CORP

PROFORMA STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2008

		IN US$
		ONE Holdings Corp		UGTI		Effects of				Consolidated
		2008		2008		Acquisition				2008
Sales Revenue		78,240		16,506,557						16,584,797
Cost of Sales		(43,906	)	(9,535,392	)					(9,579,298	)
Gross Profit		34,334		6,971,165						7,005,499
Operating Expenses
Advertising Expenses		11,543		––						11,543
Selling Expenses		64,927		310,014						374,941
General and Administrative		––		662,117						662,117
Total Operating Expenses		76,470		972,131						1,048,601
Income from Operations		(42,136	)	5,999,034						5,956,898
Interest Income		––		8,278						8,278
Interest Expense		––		(304,801	)					(304,801	)
Other Income		––		39,663						39,663
Finance Costs		––		––						––
Income Before Taxes and Minority Interest		(42,136	)	5,742,174						5,700,038
Income Taxes		––		(1,430,293	)					(1,430,293	)
Minority Interest		––		––			(689,901	)		(689,901	)
Net Income (loss)		(42,136	)	4,311,881			(689,901	)		3,579,844
Other compehensive Income
Foreign Currency Translation Adjustments		––		363,455						363,455
Total Comprehensive Income		(42,136	)	4,675,336						3,943,299
Earnings Per Share
Basic	$	0.00							$	0.03
Diluted	$	0.00							$	0.03
Weighted Average Number of Shares Outstanding
Basic		101,625,000								101,625,000
Diluted		101,625,000								101,625,000

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ONE HOLDINGS, CORP

PROFORMA STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS ENDED JUNE 30, 2009

	IN US$
	ONE Holdings Corp			UGTI			Effects of			Consolidated
	YTD June 09			YTD June 09			Acquisition			YTD June 09
Sales Revenue		7,176			9,031,020						9,038,196
Cost of Sales		(5,207	)		(5,131,021	)					(5,136,228	)
Gross Profit		1,969			3,899,999						3,901,968
Operating Expenses
Advertising Expenses		2,933			––						2,933
Selling Expenses		88,927			88,184						177,111
General and Administrative		––			610,797						610,797
Total Operating Expenses		91,860			698,981						790,841
Income from Operations		(89,891	)		3,201,018						3,111,127
Interest Income		––			2,432						2,432
Interest Expense		––			(67,234	)					(67,234	)
Other Income		12,306			(1,596	)					10,710
Finance Costs		––			––						––
Income Before Taxes and Minority Interest		(77,585	)		3,134,620						3,057,035
Income Taxes		––			(765,389	)					(765,389	)
Minority Interest		––			––			(379,077	)		(379,077	)
Net Income (loss)		(77,585	)		2,369,231			(379,077	)		1,912,569
Other compehensive Income
Foreign Currency Translation Adjustments		––			12,088						12,088
Total Comprehensive Income		(77,585	)		2,381,319						1,924,657
Earnings Per Share
Basic	$	0.00								$	0.00
Diluted	$	0.00								$	0.00
Weighted Average Number of Shares Outstanding
Basic		101,625,000									101,625,000
Diluted		101,625,000									101,625,000

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