Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

                                 March 22, 2005
                Date of Report (Date of earliest event reported)

                                SOYO GROUP, INC.
             (Exact name of registrant as specified in its charter)

          Nevada                       333-42036              95-4502724     
----------------------------     ------------------------    -------------------
(State or other jurisdiction     (Commission File Number)      (IRS Employer
    of incorporation)                                        Identification No.)

                            1420 South Vintage Avenue
                         Ontario, California 91761-3646
          (Address of principal executive offices, including zip code)

                                 (909) 292-2500
              (Registrant's telephone number, including area code)

         (Former name or former address, if changed since last report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

[_]  Written communications pursuant to Rule 425 under the Securities Act

[_]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act

[_]  Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act

[_]  Pre-commencement   communications  pursuant  to  Rule  13e-4(c)  under  the
     Exchange Act

Item 3.02   Unregistered Sales of Equity Securities

         (a) The  transaction  was  completed on March 22, 2005.  An  accredited
investor,  Ever-Green  Technology  (Hong  Kong)  Co.,  Ltd.,  purchased  500,000
unregistered  shares of our  common  stock,  $0.001  par  value  per share  (the
"Shares") and common stock purchase  warrants to purchase  100,000 shares of our
common  stock  exercisable  at $1.50 per share at any time until  March 22, 2008
(the "Warrants").

         (b) No  underwriter,  placement  agent,  or finder was  involved in the
transaction. There was only a single accredited investor named in paragraph (a),

         (c) The total offering  price was $500,000,  which was paid in cash. No
underwriting discounts or commissions were paid.

         (d) We relied on the exemption from  registration  provided by Sections
4(2) and 4(6) under the  Securities Act of 1933. We did not engage in any public
advertising or general solicitation in connection with this transaction,  and we
provided the accredited investor with disclosure of all aspects of our business,
including  our reports filed with the  Securities  and Exchange  Commission.  We
believe that the accredited  investor  obtained all  information  regarding SOYO
Group,  Inc.  it  requested,  received  answers  to all  questions  it had,  and
otherwise  understood  the risks of  acquiring  our  securities  for  investment

         (e)  The  common  stock  issued  to  the  accredited  investor  is  not
convertible  or  exchangeable  for other  securities.  Each common stock warrant
issued in this  transaction is exercisable to purchase one share of common stock
at an exercise  price of $1.50 per share and expires on March 22,  2008.  If the
accredited investor exercises all of the warrants before March 22, 2008, we will
receive an additional $150,000 ($1.50 per share).


         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:  March 28, 2005                       By: /s/ NANCY CHU          
     ----------------                          ---------------------------------
                                               Nancy Chu, CFO