Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

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

                                  June 6, 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

On June 10, 2005 we were able to reach final agreement with two former suppliers
over unpaid debts. To settle the debts, we issued 2,408,200 shares of our common
stock to the entities in return for the  retirement  of  $2,059,548 of our trade

On June 6, 2005, we issued  1,470,000  shares of our common stock to Andy Chu, a
principal  shareholder and brother of one of our directors,  in consideration of
his payment of $1,000,000 of our trade payables on our behalf.

The shares of common stock were issued without registration in reliance upon the
exemption  afforded by Section 4(2) of the  Securities  Act of 1933, as amended,
based on certain representations made to us by the recipients.


         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 26, 2005                             By: /s/ NANCY CHU          
     -----------------                               ---------------------------
                                                     Nancy Chu, CFO