Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

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

                                  March 2, 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)

          (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 Entry into a Material Definitive Agreement

     (a)  SOYO Group Inc.  has entered  into a financing  agreement  with United
          Commercial Bank (UCB) of City of Westminster,  CA. The agreement calls
          for UCB to provide SOYO with a revolving  financing  facility of up to
          $12  million to finance  working  capital,  letters of credit or other
          capital  needs.  The maximum  amount of the facility to be extended at
          any point in time is based on the Company's  accounts  receivable  and
          inventory, which will serve as collateral for the loan.

     (b)  The term of the agreement is for one year, renewable annually.

     (c)  Mr. Ming Chok,  the  Company's  CEO, and Ms. Nancy Chu, the CFO,  have
          personally guaranteed the credit facility for $6.5 million.


     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  1, 2007                             By:    /s/ NANCY CHU
     ----------------                                ---------------------------
                                                         Nancy Chu, CFO