x
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QUARTERLY REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
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¨
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TRANSITION REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
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Nevada
(State
or other jurisdiction of
incorporation
or organization)
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98-0588402
(I.R.S.
Employer Identification No.)
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c/o
Yantai Bohai Pharmaceuticals Group Co. Ltd.
No.
9 Daxin Road, Zhifu District
Yantai,
Shandong Province, China
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264000
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(Address
of principal executive offices)
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(Zip
Code)
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Large
accelerated filer ¨
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Accelerated
filer ¨
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Non-accelerated
filer ¨
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Smaller
reporting company x
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(Do
not check if a smaller reporting company)
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(a)
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Consolidated
Balance Sheets as of November 30, 2009 and May 31,
2009;
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(b)
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Consolidated
Statements of Operations for three months November 30, 2009 and 2008, for
the six months ended November 30, 2009 and 2008, and for the period from
January 9, 2008 (Inception) to November 30,
2009.
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(c)
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Consolidated
Statements of Cash Flows for the three months ended November 30, 2009 and
2008, for the six months ended November 30, 2009 and 2008, and for the
period from January 9, 2008 (Inception) to November 30,
2009.
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(d)
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Condensed
Notes to Financial Statements.
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LINK RESOURCES
INC.
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(A Development Stage
Company)
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Balance
Sheet
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(Unaudited)
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November
30,
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May 31,
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|||||||
2009
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2009
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|||||||
ASSETS
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||||||||
CURRENT
ASSETS
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||||||||
Cash and Cash
Equivalents
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$ | 1,784 | $ | 2,440 | ||||
Trust funds
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26,737 | - | ||||||
TOTAL
ASSETS
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$ | 28,521 | $ | 2,440 | ||||
LIABILITIES & STOCKHOLDERS'
EQUITY
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||||||||
CURRENT
LIABILITES
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||||||||
Accrued
Interest
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$ | 3,683 | $ | - | ||||
Notes
Payable
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- | - | ||||||
3,683 | - | |||||||
NON-CURRENT
LIABILITIES
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||||||||
Note
Payable
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400,000 | - | ||||||
Commitments and contingencies
(Note 4)
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||||||||
TOTAL
LIABILITIES
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403,683 | - | ||||||
STOCKHOLDERS'
EQUITY (DEFICIT)
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||||||||
Common Stock, $0.001 par value,
75,000,000 shares authorized, 3,450,000 shares issued and
outstanding
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3,450 | 3,450 | ||||||
Additional paid-in
capital
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56,520 | 50,550 | ||||||
Deficit accumulated in the
development stage
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(435,132 | ) | (51,560 | ) | ||||
Total Stockholders'
Equity (Deficit)
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(375,162 | ) | 2,440 | |||||
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY
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$ | 28,521 | $ | 2,440 |
LINK RESOURCES
INC.
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(A Development Stage
Company)
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Statement of
Operations
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(Unaudited)
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For the period
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||||||||||||||||||||
of inception
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||||||||||||||||||||
from Jan. 9,
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||||||||||||||||||||
For the Three Months
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For the Six Months
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2008 through
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||||||||||||||||||
ended November 30,
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ended November 30,
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November 30,
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||||||||||||||||||
2009
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2008
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2009
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2008
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2009
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||||||||||||||||
Revenues
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$ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Costs and
Expenses
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||||||||||||||||||||
Mineral
Lease
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- | - | - | 4,196 | 14,196 | |||||||||||||||
Consulting
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1,483 | 886 | 1,483 | 2,386 | 4,404 | |||||||||||||||
Professional
Fees
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1,800 | 338 | 355,706 | 13,494 | 370,700 | |||||||||||||||
Due Diligence
Costs
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- | - | 20,000 | - | 20,000 | |||||||||||||||
Stock Transfer
Fees
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800 | 15,000 | 1,200 | 15,000 | 18,937 | |||||||||||||||
Other General &
Administrative
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1,019 | 12 | 1,500 | 55 | 3,212 | |||||||||||||||
Total
Expenses
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5,102 | 16,236 | 379,889 | 35,131 | 431,449 | |||||||||||||||
Operating
Loss
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(5,102 | ) | (16,236 | ) | (379,889 | ) | (35,131 | ) | (431,449 | ) | ||||||||||
Net Income
(Loss)
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(5,102 | ) | (16,236 | ) | (379,889 | ) | (35,131 | ) | (431,449 | ) | ||||||||||
Other
Expense
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||||||||||||||||||||
Interese
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(1,995 | ) | - | (3,683 | ) | - | (3,683 | ) | ||||||||||||
Net Income
(Loss)
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$ | (7,097 | ) | $ | (16,236 | ) | $ | (383,572 | ) | $ | (35,131 | ) | $ | (435,132 | ) | |||||
Basic and Dilutive net loss per
share
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(0.00 | ) | (0.00 | ) | (0.11 | ) | (0.01 | ) | ||||||||||||
Weighted average number of
shares outstanding, basic and
diluted
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3,450,000 | 3,450,000 | 3,450,000 | 3,450,000 |
LINK RESOURCES
INC.
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(A Development Stage
Company)
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Statements of Cash
Flows
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(Unaudited)
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For the period
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of Inception,
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For the three months
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For the six months
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from Jan. 9,
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ended
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ended
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2008 through
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November 30,
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November 30,
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November 30,
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||||||||||||||||||
2009
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2008
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2009
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2008
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2009
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CASH FLOWS FROM OPERATING
ACTIVITIES:
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Net (Loss)
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$ | (7,095 | ) | $ | (35,131 | ) | $ | (383,572 | ) | $ | (35,131 | ) | $ | (435,132 | ) | |||||
Change in operating assets and
liabilities:
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Accrued
Interest
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1,995 | - | 3,683 | - | 3,683 | |||||||||||||||
Net Cash provided by (used
by)
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||||||||||||||||||||
Operating
Activities
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(5,100 | ) | (35,131 | ) | (379,889 | ) | (35,131 | ) | (431,449 | ) | ||||||||||
CASH FLOWS FROM INVESTING
ACTIVITIES
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||||||||||||||||||||
Net Cash (used by) Investing
Activities
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- | - | - | - | - | |||||||||||||||
CASH FLOWS FROM FINANCING
ACTIVITIES
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||||||||||||||||||||
Issue of Common stock for
cash
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- | - | - | - | 54,000 | |||||||||||||||
Proceeds of Note
Payable
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- | - | 400,000 | - | 400,000 | |||||||||||||||
Contributred
Capital
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5,970 | - | 5,970 | - | 5,970 | |||||||||||||||
Net
Cash provided by Financing
Activities
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5,970 | - | 405,970 | - | 459,970 | |||||||||||||||
NET INCREASE IN
CASH
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870 | (35,131 | ) | 26,081 | (35,131 | ) | 28,521 | |||||||||||||
CASH AT BEGINNING OF
PERIOD
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27,651 | 47,768 | 2,440 | 47,768 | - | |||||||||||||||
CASH AT END OF
PERIOD
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$ | 28,521 | $ | 12,637 | $ | 28,521 | $ | 12,637 | $ | 28,521 | ||||||||||
CASH PAID
FOR:
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||||||||||||||||||||
Interest
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$ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Income
Taxes
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$ | - | $ | - | $ | - | $ | - | $ | - |
1.
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Basis
of Presentation and Nature of
Operations
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2.
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Summary
of Significant Accounting Policies
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Basic
and diluted net loss per share:
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2009
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2008
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Net
Loss
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$ | ( 383,572 | ) | $ | (35,131 | ) |
Basic
and diluted weighted average number of shares
outstanding
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3,450,000 | 3,450,000 | ||||||
Basic and Diluted Net Loss Per
Share
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$ | (0.11 | ) | $ | (0.01 | ) |
3.
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Capital
Structure
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April
30, 2008
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Sold
1,950,000 shares of common stock at $.02 per
share realizing $39,000.
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April
30, 2008
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Sold
1,500,000 shares of common stock at $.01 per share realizing
$15,000.
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Sep.
- Nov. 2009
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Contributed
Capital $5,970
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4.
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Notes
Payable
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5.
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Commitments
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6.
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Contingencies,
Litigation
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7.
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Subsequent
Events
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Item
4(t).
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Controls
and Procedures.
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Item 1.
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Legal
Proceedings
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Item 2.
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Unregistered Sales of Equity
Securities
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Item
3.
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Defaults
Upon Senior Securities
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Item
4.
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Submission
of Matters to a Vote of Securities
Holders
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Item 5.
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Other
Information
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Item
6.
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Exhibits
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Number
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Description
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31.1
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Certification
of Chief Executive Officer Pursuant To Sarbanes-Oxley Section
302
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31.2
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Certification
of Chief Financial Officer Pursuant To Sarbanes-Oxley Section
302
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32.1
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Certification
Pursuant To 18 U.S.C. Section 1350 (*)
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32.2
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Certification
Pursuant To 18 U.S.C. Section 1350
(*)
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LINK
RESOURCES INC.
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Date: January
14, 2010
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By:
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/s/ Hongwei Qu
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Hongwei Qu, President, Chief Executive Officer and Interim
Chief
Financial Officer
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(Principal
Executive and Financial
Officer)
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