On July 19, 2012, China HGS Real Estate, Inc. (the "Company") entered into an amendment (the "Amendment Agreement") to the Loan Agreement dated June 28, 2011 by and between the Company and Mr. Xiaojun Zhu, the CEO, Chairman and major shareholder of the Company (the "Original Loan Agreement"), pursuant to which the Company borrowed US$1.81 million from Mr. Zhu in order to make a required capital contribution to the registered share capital of one of the Company's subsidiaries. Pursuant to the Amendment Agreement, the term of the Original Loan Agreement was extended for an additional one year period, or until June 28, 2013. The other terms and conditions of the Original Loan Agreement remain the same.

The foregoing description does not purport to be a complete statement of the parties' rights and obligations under the Amendment Agreement or the transaction contemplated thereby or a complete explanation of the material terms thereof. The foregoing description is qualified in its entirety by reference to the Amendment Agreement attached hereto as Exhibit 10.1.

(d) Exhibits:

No.         Description
10.1        Loan Amendment Agreement by and between Xiaojun Zhu and China HGS
            Real Estate, Inc. , dated July 19, 2012.