Certified Public Accountant #216 J. P. Rizal St. Sta. Barbara, Baliwag 3006 Bulacan e-mail: kaypee.victoria@yahoo.com Tel No.

(044) 766-3972 / Cell No. (0915) 248-2065 INDEPENDENT AUDITORS REPORT The Board of Directors Little Giants Corporation Makati City I have audited the accompanying financial statements of Little Giants Corporation which comprise the statement of financial position as at December 31, 2005 and the statement of financial performance for the year then ended. These financial statements are the responsibility of the management. My responsibility is to express an opinion on these financial statements based on my audit. I conducted my audit in accordance with the Philippine Standards on Auditing. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management as well as evaluating the overall financial statement presentation. I believe that my audit provides a reasonable basis for my opinion. In my opinion, the financial statements give a true and fair value of the financial position of Little Giants Corporation as of December 31, 2005, and of the results of its operations for the year then ended in accordance with the Philippine Accounting Standards. Respectfully yours,

KIM PATRICK C. VICTORIA

Kim Patrick C. Victoria, CPA PTR # 012564 Issued on November 10, 2011 Issued at Baliwag, Bulacan November 21, 2011

MA. CARMINA A. GAMBOA

Certified Public Accountant P. Verde St., Lapnit, San Ildefonso, Bulacan e-mail: gma.carmina@gmail.com Cell No. (0926) 193-7786

INDEPENDENT AUDITORS REPORT The Board of Directors Little Giants Corporation Makati City I have audited the accompanying financial statements of Little Giants Corporation which comprise the statement of financial position as at December 31, 2005 and the statement of financial performance for the year then ended. These financial statements are the responsibility of the management. My responsibility is to express an opinion on these financial statements based on my audit. I conducted my audit in accordance with the Philippine Standards on Auditing. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management as well as evaluating the overall financial statement presentation. I believe that my audit provides a reasonable basis for my opinion. In my opinion, the financial statements give a true and fair value of the financial position of Little Giants Corporation as of December 31, 2005, and of the results of its operations for the year then ended in accordance with the Philippine Accounting Standards. Respectfully yours,

Ma. Carmina A. Gamboa, CPA PTR # 023456 Issued on November 05, 2011 Issued at San Ildefonso, Bulacan November 21, 2011

Certified Public Accountant #58 Talacsan, San Rafael, Bulacan Cell No. (0916) 428-0002 / (0935) 872-2174 INDEPENDENT AUDITORS REPORT The Board of Directors Little Giants Corporation Makati City I have audited the accompanying financial statements of Little Giants Corporation which comprise the statement of financial position as at December 31, 2005 and the statement of financial performance for the year then ended. These financial statements are the responsibility of the management. My responsibility is to express an opinion on these financial statements based on my audit. I conducted my audit in accordance with the Philippine Standards on Auditing. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management as well as evaluating the overall financial statement presentation. I believe that my audit provides a reasonable basis for my opinion. In my opinion, the financial statements give a true and fair value of the financial position of Little Giants Corporation as of December 31, 2005, and of the results of its operations for the year then ended in accordance with the Philippine Accounting Standards. Respectfully yours,

NIA JOY D. TALUSAN

Nia Joy D. Talusan, CPA PTR # 78921 Issued on November 14, 2011 Issued at San Rafael, Bulacan November 21, 2011

Certified Public Accountant #239 A. Mabini St., Sabang, Baliwag, Bulacan Cell No. (0927) 856-7258 INDEPENDENT AUDITORS REPORT The Board of Directors Little Giants Corporation Makati City I have audited the accompanying financial statements of Little Giants Corporation which comprise the statement of financial position as at December 31, 2005 and the statement of financial performance for the year then ended. These financial statements are the responsibility of the management. My responsibility is to express an opinion on these financial statements based on my audit. I conducted my audit in accordance with the Philippine Standards on Auditing. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management as well as evaluating the overall financial statement presentation. I believe that my audit provides a reasonable basis for my opinion. In my opinion, the financial statements give a true and fair value of the financial position of Little Giants Corporation as of December 31, 2005, and of the results of its operations for the year then ended in accordance with the Philippine Accounting Standards. Respectfully yours,

JO-ANN C. CRUZ

Jo-Ann C. Cruz, CPA PTR # 09371 Issued on November 06, 2011 Issued at Baliwag, Bulacan November 21, 2011