WASHINGTON, DC 20549


                                   FORM 8-K/A

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

         Date of report (Date of earliest event reported) July 23, 2004

                                SOYO GROUP, INC.
               (Exact name of Registrant as Specified in Charter)

           Nevada                      333-42036                  95-402724
(State of Other Jurisdiction         (Commission               (IRS Employer
      of Incorporation)              File Number)            Identification No.)

                            1420 South Vintage Avenue
                            Ontario, California 91761
                    (Address of Principal Executive Offices)

Registrant's telephone number, including area code   (909) 937-0778

          (Former Name or Former Address, if Changed Since Last Report)

Item 4.  Changes in Registrant's Certifying Accountant

         (a) Previous Independent Accountants

         Effective July 23, 2004,  Soyo Group,  Inc. (the  "Company")  dismissed
Grobstein,  Horwath & Company LLP  ("Grobstein"),  as the Company's  independent
registered public accounting firm.  Effective July 26, 2004, the Company engaged
Vasquez & Company LLP  ("Vasquez") as the Company's new  independent  registered
public accounting firm. The dismissal of Grobstein and the engagement of Vasquez
were approved by the Company's Board of Directors.

         Grobstein  audited the Company's  financial  statements  for the fiscal
years ended  December 31, 2002 and 2003.  Grobstein's  reports for these periods
did not contain an adverse  opinion or a  disclaimer  of opinion,  nor were they
qualified or modified as to audit scope or  accounting  principles,  except that
such reports contained a modification  paragraph that indicated that as a result
of the Company's  losses from operations  there was substantial  doubt about the
Company's ability to continue as a going concern.

         During the fiscal  years  ended  December  31,  2002 and 2003,  and the
interim  period  from  January  1, 2004  through  July 23,  2004,  there were no
disagreements  with  Grobstein  on  any  matter  of  accounting   principles  or
practices, financial statement disclosure, or auditing scope or procedure, which
disagreements,  if not resolved to the  satisfaction  of  Grobstein,  would have
caused such firm to make reference to the subject matter of the disagreements in
connection with its reports on the Company's financial statements.

         In  addition,  there  were no  such  events  as  described  under  Item
304(a)(1)(v)  of Regulation  S-K during the fiscal years ended December 31, 2002
and 2003 and the interim  period from  January 1, 2004  through  July 23,  2004,
except that (a) as more specifically described in the Company's Annual Report on
Form 10-K for the fiscal year ended  December  31, 2003 (Item 9A) and  Quarterly
Report on Form 10-Q for the quarterly  period ended March 31, 2004 (Item 4), the
Company's disclosure controls and procedures were not adequate and (b) by letter
dated  July  15,  2004,  Grobstein  stated  that it noted  certain  deficiencies
involving  internal  controls  that  Grobstein   considered  to  be  significant
deficiencies  that,  in the  aggregate,  constitute  material  weaknesses  under
standards established by the American Institute of Certified Public Accountants.
Grobstein  discussed the significant  deficiencies  and material  weaknesses set
forth in the above-mentioned letter with the Company's board of directors.

         The Company has  authorized  Grobstein to respond fully to inquiries of
Vasquez regarding the matters set forth in the preceding paragraph.

         The  Company  has  provided  Grobstein  with a copy of the  disclosures
contained  herein,  and has requested  that it furnish the Company with a letter
addressed to the Securities and Exchange  Commission  stating  whether it agrees
with the statements made by the Company in response to Item 304(a) regarding its
involvement  with the Company as its independent  registered  public  accounting
firm and, if not,  stating the respects in which it does not agree.  Grobstein's
response is included as Exhibit 16.1


         (b) New Independent Accountants.

         During the years ended  December 31, 2002 and 2003,  and the subsequent
interim period from January 1, 2004 through July 26, 2004,  neither the Company,
nor anyone on its  behalf,  consulted  with  Vasquez  regarding;  (i) either the
application  of  accounting  principles  to  a  specified  transaction,   either
completed  or proposed;  or the type of audit  opinion that might be rendered on
the  Company's  financial  statements  and no written  report or oral advice was
provided  that Vasquez  concluded  was an  important  factor  considered  by the
Company in  reaching a decision  as to the  accounting,  auditing  or  financial
reporting  issue;  or  (ii)  any  matter  that  was  either  the  subject  of  a
disagreement as defined at Item  304(a)(1)(iv)  or a reportable event as defined
at Item 304 (a)(1)(iv) of Regulation S-K.

         Item 7.  Financial  Statements,  Pro Forma  Financial  Information  and

(a) Financial Statements. None
(b) Pro Forma Financial Statements. None
(c) Exhibits.

Exhibit No.                             Description
-----------                             -----------

16.1              Letter from Grobstein, Horwath & Company, LLP addressed to the
                  United States Securities and Exchange Commission



         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                    SOYO GROUP, INC.

Date:    August 9, 2004             By:   /s/Ming Tung Chok
                                    Name:  Ming Tung Chok
                                    Title: President and Chief Executive Officer