Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

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

                               February 8th, 2007
                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)

                                      N/A .
          (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 1.01 Entering  Into  a  Multi-year  Licensing  Agreement  with  Significant
          Minimum Royalty Payments

     (a)  SOYO  Group  Inc.  has  signed  a  license  agreement  with  Honeywell
International  Properties  Inc.  and  Honeywell  International  Inc.,  effective
January  1st 2007,  under  which SOYO will  supply and market  certain  consumer
electronics  products  under the Honeywell  Brand.  Negotiations  were concluded
between the parties,  and the final agreement was signed by authorized Honeywell
Executives in January 2007. The agreement has been  counter-signed by SOYO Group
Inc.'s CEO on February 8th, 2007 and is now in effect.

     (b) The agreement is for a minimum period of 6.5 (six point five) years and
calls  for the  payment  of  MINIMUM  royalties  by SOYO to  Honeywell  totaling
$3,840,000 (Three Million, Eight Hundred and Forty Thousand Dollars U.S.). Sales
levels in excess of minimum agreed  targets will result in associated  increases
in the royalty payments due.

     (c) SOYO Group,  Inc. will update  shareholders  regarding  product  launch
dates  and other  relevant  information  through  its web site  or
through future press releases.


     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: February 8, 2007                               By: /s/ MING CHOK
     ------------------                                 ---------------
                                                         Ming Chok, CEO