UNITED STATES                -------------------------------------
    SECURITIES AND EXCHANGE COMMISSION
         Washington, D.C. 20549                           OMB APPROVAL
                                           -------------------------------------
                                              OMB Number:              3235-0058
             FORM 12b-25                      Expires:          January 31, 2005
     NOTIFICATION OF LATE FILING              Estimated average burden
                                              Hours per form................2.50
                                           -------------------------------------

                                           -------------------------------------

                                                      SEC FILE NUMBER: 000-50550
                                                       CUSIP NUMBER: 39136T-10-1
                                           -------------------------------------





(Check One): [X] Form 10-K and Form 10-KSB  [ ] Form 11-K  [ ] Form 20-F
             [ ] Form 10-Q and Form 10-QSB  [ ] Form N-SAR

                  For Period Ended: December 31, 2003
                                    -----------------
                  [  ] Transition Report on Form 10-K
                  [  ] Transition Report on Form 20-F
                  [  ] Transition Report on Form 11-K
                  [  ] Transition Report on Form 10-Q
                  [  ] Transition Report on Form N-SAR
                  For the Transition Period Ended: __________________________

- --------------------------------------------------------------------------------

  Read Instructions (on back page) Before Preparing Form. Please Print or Type.
      Nothing in this form shall be construed to imply that the Commission
                 has verified any information contained herein.
- --------------------------------------------------------------------------------

If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:



                         PART I - REGISTRANT INFORMATION

                       GREAT WALL ACQUISITION CORPORATION
- --------------------------------------------------------------------------------
                             Full Name of Registrant


- --------------------------------------------------------------------------------
                            Former Name if Applicable

                         660 Madison Avenue, 15th Floor
- --------------------------------------------------------------------------------
            Address of Principal Executive Office (Street and Number)

                            New York, New York 10021
- --------------------------------------------------------------------------------
                            City, State and Zip Code

                       PART II - RULES 12b-25 (b) AND (c)

If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)
- --------------------------------------------------------------------------------

     (a)  The reasons  described in  reasonable  detail in Part III of this form
          could not be eliminated without unreasonable effort or expense;

[X]  (b)  The subject annual report,  semi-annual  report,  transition report on
          Form 10-K, Form 20-F,  11-K, Form N-SAR, or portion  thereof,  will be
          filed on or before the fifteenth calendar day following the prescribed
          due date; or the subject quarterly report or transition report on Form
          10-Q or Form 10-QSB or portion  thereof will be filed on or before the
          fifth calendar day following the prescribed due date; and

     (c)  The accountant's statement or other exhibit required by Rule 12b-25(c)
          has been attached if applicable.



                              PART III - NARRATIVE

State below in reasonable detail the reasons why the Forms 10-K,  10-KSB,  20-F,
11-K, 10-Q,  10-QSB,  N-SAR, or the transition report or portion thereof,  could
not be filed within the prescribed time period. (Attach Extra Sheets if Needed)

As a result of the completion of the Company's  initial public offering on March
23, 2004, Company's Annual Report on Form 10-KSB for the year ended December 31,
2003 could not be completed in time without  unreasonable  effort and expense to
the Company.

                           PART IV - OTHER INFORMATION


(1)  Name  and  telephone  number  of  person  to  contact  in  regard  to  this
     notification

                   Kin Shing Li               (212)            753-0804
                   --------------          -----------         --------
                      (Name)               (Area Code)     (Telephone Number)

(2)  Have all other periodic  reports  required under Section 13 or 15(d) of the
     Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
     of 1940 during the preceding 12 months or for such shorter  period that the
     registrant was required to file such report(s) been filed? If answer is no,
     identify report(s)
                                                                 [X] Yes [  ] No


(3)  Is it anticipated that any significant change in results of operations from
     the corresponding  period for the last fiscal year will be reflected by the
     earnings  statements  to be  included  in the  subject  report  or  portion
     thereof?
                                                                 [X] Yes [  ] No

     If so, attach an explanation of the anticipated  change,  both  narratively
     and quantitatively, and, if appropriate, state the reasons why a reasonable
     estimate of the results cannot be made.

The Company was formed on August 20,  2003.  Accordingly,  a  comparison  of the
changes from the prior year cannot be made.


- --------------------------------------------------------------------------------
                       GREAT WALL ACQUISITION CORPORATION
                  --------------------------------------------
                  (Name of Registrant as Specified in Charter)

has  caused  this  notification  to be signed on its  behalf by the  undersigned
hereunto duly authorized.

Date:  March 30, 2004               By: /s/ Kin Shing Li
       -------------------------       --------------------------------
                                       Kin Shing Li, Chairman, CEO and Secretary

INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly  authorized  representative.  The name and title of the person
signing  the form  shall  be typed or  printed  beneath  the  signature.  If the
statement is signed on behalf of the registrant by an authorized  representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.

                                    ATTENTION
- --------------------------------------------------------------------------------

            Intentional misstatements or omissions of fact constitute
               Federal Criminal Violations (See 18 U.S.C. 1001).
- --------------------------------------------------------------------------------