10-Q 1 hyig081213form10q.htm FORM 10-Q

10-Q 1 hyig051113form10q.htm FORM 10-Q

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 10-Q

(Mark One)

 

 QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended June 30, 2013

 

OR

 

 TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from ______ to _______

 

COMMISSION FILE NUMBER 333-171148

 

HENGYI INTERNATIONAL INDUSTRIES GROUP INC.

(Exact Name of small business issuer as specified in its charter)

 

Nevada   27-1656207
(State or other jurisdiction of   (I.R.S. Employer
incorporation or organization)   Identification No.)

 

No.1 Xinhua Road, He Ping District, Tianjin City 300021

(Address of principal executive offices) (Zip Code)

 

Lyons Liquors Inc.
(Former name or former address, if changed since last report.)

 

Issuer’s telephone Number: 86-2258900299

(f/k/a Lyons Liquors, Inc.)

 

Indicate by check mark whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X]   No

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes   No [X]

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

 

Large accelerated filer    Accelerated filer 
     
Non-accelerated filer    Smaller reporting company [X]

(Do not check if a smaller

reporting company)

   

 

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [X]  No

 

As of August 10, 2013, the issuer had 10,193,000 outstanding shares of common stock.

 
 

  

Form 10-Q

June 30, 2013

 

TABLE OF CONTENTS

 

    Page
  PART I  
Item 1. Condensed Financial Statements
  Balance Sheets 4
  Statements of Operations 5
  Statements of Cash Flows 6
  Notes to the Financial Statements 8
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 10
Item 3. Quantitative and Qualitative Disclosures About Market Risk 12
Item 4T Controls and Procedures 12
  PART II  
Item 1. Legal Proceedings 12
Item 1A. Risk Factors 12
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 12
Item 3. Defaults Upon Senior Securities 12
Item 4. Mine Safety Disclosures 13
Item 5. Other Information 13
Item 6. Exhibits 13
  SIGNATURES 14

 

Forward Looking Statements 

 

This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are subject to a number of risks and uncertainties. All statements that are not historical facts are forward-looking statements, including statements about our business strategy, the effect of Generally Accepted Accounting Principles ("GAAP") pronouncements, uncertainty regarding our future operating results and our profitability, anticipated sources of funds and all plans, objectives, expectations and intentions and the statements regarding future potential revenue, gross margins and our prospects for fiscal 2012. These statements appear in a number of places and can be identified by the use of forward-looking terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "future," "intend," or "certain" or the negative of these terms or other variations or comparable terminology, or by discussions of strategy.

 

Actual results may vary materially from those in forward-looking statements.  Factors that could cause actual results to differ materially from those reflected in the forward-looking statements include, but are not limited to, those discussed under the heading "Risk Factors" in Item 1A of Part II and elsewhere in this report and the risks discussed in our other filings with the SEC. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis, judgment, belief or expectation only as of the date hereof. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results. 

 

 

 

 

 
 

 

 

 
 

PART I.

 

ITEM 1. FINANCIAL INFORMATION

HENGYI INTERNATIONAL INDUSTRIES GROUP INC.
(f/k/a Lyons Liquors, Inc.)
(a development stage company)
BALANCE SHEETS
       
   June 30,  September 30,
   2013  2012
   (Unaudited)   
ASSETS          
           
CURRENT ASSETS          
Cash  $—     $86 
           
Total Current Assets   —      86 
           
OTHER  ASSETS          
Deposits   —      797 
           
TOTAL ASSETS  $—     $883 
           
           
LIABILITIES AND STOCKHOLDERS' DEFICIT          
           
CURRENT LIABILITIES          
Accounts Payable  $—     $1,000 
Accounts Payable and Accrued Expenses - Officer   —      82,612 
Other  Payables   8,807    —   
           
Total Current Liabilities   8,807    83,612 
           
STOCKHOLDERS' DEFICIT          
           
Common Stock - Par value $0.001; Authorized: 75,000,000 shares issued and outstanding: 10,193,000 shares   10,193    10,193 
Additional Paid-in Capital   110,866    19,107 
Deficit accumulated during the development stage   (129,866)   (112,029)
           
Total Stockholders' Deficit   (8,807)   (82,729)
           
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT  $—     $883 
           
The accompanying notes are an integral part of these condensed financial statements.  

 

 

 
 

 

 

 

HENGYI INTERNATIONAL INDUSTRIES GROUP INC.
(f/k/a Lyons Liquors, Inc.)
(a development stage company)
STATEMENTS OF OPERATIONS
Three Months and Nine Months Ended June 30, 2013 and 2012, and
Inception (December 17, 2009) through Jun 30, 2013
(Unaudited)
                
   Three Months Ended  Nine Months Ended  Inception to
   June 30,  June 30,  June 30,  June 30,  June 30,
   2013  2012  2013  2012  2013
                
REVENUE  $—     $—     $—     $—     $—   
                          
OPERATING EXPENSES:                         
                          
GENERAL AND ADMINISTRATIVE EXPENSES   5,507    7,030    17,837    34,050    129,866 
                          
TOTAL OPERATING EXPENSES   5,507    7,030    17,837    34,050    129,866 
                          
LOSS BEFORE INCOME TAXES   (5,507)   (7,030)   (17,837)   (34,050)   (129,866)
                          
INCOME TAXES   —      —      —      —      —   
                          
NET LOSS  $(5,507)  $(7,030)  $(17,837)  $(34,050)  $(129,866)
                          
Net Loss Per Common Share, basic & diluted  $0   $0   $0   $0   $0 
                          
Weighted  Common Shares Outstanding, basic & diluted   10,193,000    10,193,000    10,193,000    10,193,000      
                          
The accompanying notes are an integral part of these condensed financial statements.       

 

 
 

 

HENGYI INTERNATIONAL INDUSTRIES GROUP INC.
(f/k/a Lyons Liquors, Inc.)
(a development stage company)
STATEMENTS OF CASH FLOWS
Nine Months Ended June 30, 2013 and 2012, and
Inception (December 17, 2009) through June 30, 2013
(Unaudited)
          
   Nine Months Ended  Inception to
   June 30,  June 30,  June 30,
   2013  2012  2013
CASH FLOWS FROM OPERATING ACTIVITIES               
                
Net loss  $(17,837)  $(10,050)  $(129,866)
                
(Increase) in deposits   —      —      (797)
Common shares issued for services   —      —      1,000 
Increase in accounts payable and accrued expenses   2,000    —      3,000 
Increase in accounts payable and accrued expenses - officer   6,000    —      71,212 
Increase in other payables   8,807    —      8,807 
                
Total adjustments to net income   16,807    —      83,222 
                
Net cash used in operating activities   (1,030)   —      (46,644)
                
CASH FLOWS FROM INVESTING ACTIVITIES               
                
Net cash flows provided by (used in) investing activities   —      —      —   
                
                
CASH FLOWS FROM FINANCING ACTIVITIES               
                
Officer loans   1,000    9,900    18,400 
Common shares issued for cash   —      —      28,300 
Contribution of  Capital   (56)         (56)
                
Net cash provided by financing activities   944    9,900    46,644 
                
Net  increase(decrease) in cash   (86)   (150)   —   
Cash - beginning of period   86    266    —   
                
CASH - END OF PERIOD  $—     $116   $—   
                
Cash paid for:               
Interest  $—     $—     $—   
Income taxes  $—     $—     $—   
Deposits and accounts payable forgiven by former principal stockholder  $91,759   $—     $91,759 
                
The accompanying notes are an integral part of these condensed financial statements.       

 
 

  

HENGYI INTERNATIONAL INDUSTRIES GROUP INC.

(f/k/a Lyons Liquors, Inc.)

(A Development Stage Company)

NOTES TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2013

(UNAUDITED)

 

(1) Basis of Presentation

 

Hengyi International Industries Group Inc. (f/k/a Lyons Liquors, Inc.) (a development stage company) (the “Company”) was incorporated under the laws of the State of Nevada on December 17, 2009.

 

On February 22, 2013, Shefali Vibhakar, the then Chief Executive Officer, Chief Financial Officer, sole Director of our company, and the owner of 10,000,000 shares of our common stock, representing approximately 98.10% of our outstanding shares, sold an aggregate of 9,883,105 of those shares, representing approximately 96.96% of outstanding shares of common stock, to various buyers. As the result, Saverio Holdings Limited (“Saverio”) obtained 9,783,105 shares of the 9,883,105 shares. Mr. Yijun Hu is the sole director of Saverio and appointed as the Company’s Chairman and Chief Executive Officer.

 

Effectively March 21, 2013, the Company filed with the State of Nevada Certificate of Amendment of Certificate of Incorporation changing the name from Lyons Liquors, Inc. to Hengyi International Industries Group Inc.

 

The accompanying unaudited condensed financial statements have been prepared in accordance with generally accepted accounting principles (GAAP) for interim financial information and Rule 8.03 of Regulation SX. They do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation have been included.

 

The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year. For further information, refer to the financial statements of the Company as of September 30, 2012, and for the year ended and then period from inception through September 30, 2012, including notes thereto.

 

(2) Summary of Significant Accounting Policies

 

Organization and Business - The corporation was incorporated under the laws of the State of Nevada on December 17, 2009 under the name Lyons Liquors, Inc. On April 15, 2013, the Articles of Incorporation were amended to change the name of the corporation to Hengyi International Industries Group Inc. The Company intends to seek business opportunities such as a merger, acquisition or other business transaction that will cause the Company to have business operations in the current fiscal year.  The Company anticipates that any cash requirements it may have over the next twelve months will be funded by its principal stockholders.  These fees are believed to be immaterial.  

 

Basis of Accounting - The financial statements are prepared using the accrual basis of accounting in which revenues are recognized when earned and expenses are recognized when incurred.

 

Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures.  Actual results may differ from these estimates and assumptions.

 

Recent Accounting Standards Updates - In July 2012, FASB issued Accounting Standards Update ("ASU") No. 2012-02, Intangibles-Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment. ASU No. 2012-02 simplifies the guidance for testing the decline in the realizable value (impairment) of indefinite-lived intangible assets other than goodwill. ASU No. 2012-02 allows an entity the option of first performing a qualitative assessment to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired. The amendments in this ASU are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. The adoption of ASU No. 2012-02 did not have an impact on our financial statements.

 

In September 2011, the FASB issued Accounting Standards Update ("ASU") No. 2011-08, Intangibles – Goodwill and Other, which simplifies how an entity is required to test goodwill for impairment. This ASU would allow an entity to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test. Under the ASU, an entity would not be required to calculate the fair value of a reporting unit unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. The ASU includes a number of factors to consider in conducting the qualitative assessment. The ASU is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Early adoption is permitted. The adoption of ASU 2011-08 did not have an impact on our financial statements.

 

In June 2011, the FASB issued ASU No. 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income. Under the amendments, an entity has the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. The presentation option under current GAAP to present the components of other comprehensive income as part of the statement of changes in stockholders’ equity has been eliminated. The amendments in this Update should be applied retrospectively. For public entities, the amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Early adoption is permitted because compliance with amendments is already permitted. We already comply with this presentation.

 

A variety of proposed or otherwise potential accounting standards are currently under study by standard setting organizations and various regulatory agencies. Due to the tentative and preliminary nature of those proposed standards, we have not determined whether implementation of such proposed standards would be material to our financial statements.

 

Going concern - The Company’s financial statements are presented on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The Company is in the development stage and has experienced a loss from operations as a result of its investment necessary to achieve its operating plan, which is long-range in nature. The Company has no revenues and has incurred net losses through June 30, 2013, aggregating $129,866. In addition, the Company has working capital deficit of $8,807 and stockholders’ deficiency of $8,807 at June 30, 2013.

 

The Company’s ability to continue as a going concern is contingent upon its ability to secure additional financing, increase ownership equity and develop profitable operations. In addition, the Company’s ability to continue as a going concern must be considered in light of the problems, expenses and complications frequently encountered by entrance into established markets and the competitive environment in which the Company operates.

 

The Company is pursuing financing for its operations and seeking additional private investments. In addition, the Company is seeking to expand its revenue base. Failure to secure such financing or to raise additional equity capital and to expand its revenue base may result in the Company depleting its available funds and not being able pay its obligations.

 

The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.

 

(3) Earnings (Losses) Per Share

 

The Company calculates net income (loss) per share as required by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 260, "Earnings per Share." Basic earnings (losses) per share are calculated by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Diluted earnings (losses) per share are computed based on the assumption that any dilutive options or warrants were converted or exercised. Dilution is computed by applying the treasury stock method.  Under this method, the Company’s outstanding stock warrants are assumed to be exercised, and funds thus obtained were assumed to be used to purchase common stock at the average market price during the period.  There were no dilutive instruments outstanding during the nine months periods ended June 30, 2013 and 2012.

 

(4) Basis of Reporting

 

The Company’s financial statements are presented on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business.

 

The Company is in the development stage and has experienced a loss from operations as a result of its investment necessary to achieve its operating plan, which is long-range in nature. The Company has no revenues and has incurred net losses through June 30, 2013, aggregating $129,866. In addition, the Company’s working capital is deficit of $8,807 and has negative stockholders’ equity of $8,807 at June 30, 2013.

 

The Company’s ability to continue as a going concern is contingent upon its ability to secure additional financing, increase ownership equity and develop profitable operations. In addition, the Company’s ability to continue as a going concern must be considered in light of the problems, expenses and complications frequently encountered by entrance into established markets and the competitive environment in which the Company operates.

 

The Company is pursuing financing for its operations and seeking additional private investments. In addition, the Company is seeking to expand its revenue base. Failure to secure such financing or to raise additional equity capital and to expand its revenue base may result in the Company depleting its available funds and not being able pay its obligations.

 

The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.

 

(5) Subsequent Events

 

The Company has evaluated subsequent events in accordance with Accounting Standards Codification Topic 855, Subsequent Events, through August 15, 2013, which is the date the financial statements were available to be issued.  During our evaluation no subsequent events were identified.

 

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

 

Forward-Looking Statements

 

The following discussion of our financial condition and results of the operation should be read in conjunction with the financial statements and the related notes thereto included elsewhere in this Quarterly report and in our Annual Report on Form 10-K for the fiscal year ended September 30, 2012.

 

This discussion should not be construed to imply that the results discussed herein will necessarily continue into the future, or that any conclusion reached herein will necessarily be indicative of actual operating results in the future. Such discussion represents only the best present assessment of our management.

 

Overview

 

We are a development stage company looking to enter the service industry, specifically that we intend to acquire branded franchise hotels, such as multi-functional five-star hotels franchise business hotels. We have not yet commenced operations and currently are in the process of developing a business and marketing plan for capital formation. Once we have raised sufficient capital we will begin our operations. However, there is no guarantee that we will be successful in raising the required capital. If we are not successful at raising any capital we may have to change our business plan to a more suitable business and industry sector to be able to raise capital or commence operations. Some possible options include such sectors as Technology, Clean Energy and Software Development. However, there can be no assurance that the raising of future equity or change in business sectors will be successful and that the Company’s anticipated financing will be available in the future, at terms satisfactory to the Company. Failure to achieve the equity and financing at satisfactory terms and amounts could have a material adverse effect on the Company’s ability to continue as a going concern.

 

Changes in Control of Registrant

 

On February 22, 2013, Shefali Vibhakar, the then Chief Executive Officer, Chief Financial Officer, sole Director of our company, and the owner of 10,000,000 shares of our common stock, representing approximately 98.10% of our outstanding shares, sold an aggregate of 9,883,105 of those shares, representing approximately 96.96% of our outstanding shares of common stock, to various buyers. Pursuant to the Stock Purchase Agreement dated February 20, 2013, the beneficial ownership of the 9,883,105 common stock is as follows:

 

Purchaser Shares Purchased
Saverio Holdings Limited 9,783,105
Qiang Liu  20,000
Linzhou Wang 20,000
Hongkai Bai 20,000
Ruli Wang 10,000
Bibbin Li 10,000
Xiufang Hu 10,000
Zhongmiao Hu 10,000

 

Immediately prior to the closing on February 22, 2013, Ms. Shefali Vibhakar resigned as our Chief Executive Officer and Chief Financial Officer and Mr. Yijun Hu was appointed as Chief Executive Officer and the Chairman of the Board. In addition, Mr. Ning Li was appointed as our Chief Financial Officer.

 

Plan of Operations

 

We will attempt to acquire other assets or business operations that will maximize shareholder value. No specific assets or businesses have been definitively identified and there is no certainty that any such assets or business will be identified or any transactions will be consummated.  We will seek to establish or acquire businesses or assets via the issuance of shares or debt. We currently have no agreements, arrangements or understandings with any person with regards to the acquisition of any other assets or business operations. In pursuing the foregoing goals, we may seek to expand or change the composition of the Board or make changes to our current capital structure, including issuing additional shares or debt and adopting a stock option plan.

 

Results of operations

 

Results of Operations for the Three Months Ended June 30, 2013 Compared to the Three Months Ended June 30, 2012.

 

Due to the fact that we are a development stage company in both periods, we had revenues of $0 for the three months ended June 30, 2013, which was unchanged from our revenue of $0 for the three months ended June 30, 2012.  Our cost of goods sold and gross profits were $0 in both periods as well.

 

Our expenses of $5,507 in the third quarter of 2013 and $7,030 in the same period of 2012 consisted of general and administrative expenses, and principally professional fees.

 

Our net loss for the three months ended June 30, 2013 was $5,507, which was a decrease of $1,523 from our net loss of $7,030 in the three month period ended June 30, 2012.

 

Results of Operations for the Nine Months Ended June 30, 2013 Compared to the Nine Months Ended June 30, 2012.

 

Due to the fact that we are a development stage company in both periods, we had revenues of $0 for the nine months ended June 30, 2013 and 2012.  Our cost of goods sold and gross profits were $0 in both periods as well.

 

Our expenses of $17,837 during the nine months ended June 30, 2013 and $34,050 during the same period of 2012 consisted of general and administrative expenses, and principally professional fees. Besides professional fees, our expenses in 2012 also included the accrual of salary due to our former Chief Executive Officer.

 

Our net loss for the nine months ended June 30, 2013 was $17,837, which was a decrease of $16,213 from our net loss of $34,050 for the nine month period ended June 30, 2012.

 

Liquidity and Capital Resources

 

As of June 30, 2013, we had cash of $0 as compared to cash of $86 as of September 30, 2012. Net cash used in operating activities totaled $1,030 for the nine months ended June 30, 2013.

 

Net cash used in operating activities totaled $46,644 for the period from December 17, 2009 (Inception) to June 30, 2013. Net cash provided by financing activities totaled $46,644 for the period from December 17, 2009 (Inception) to June 30, 2013.

 

In order for us to execute our business plan we will need to raise enough funds in debt or equity. The funds are needed for deposits, sales and marketing and working capital. There can be no assurance that we will be able to raise the funds needed to execute our business plan.

 

If we are unable to satisfy our cash requirements we may be unable to proceed with our plan of operations.  We do not anticipate the purchase or sale of any significant equipment. The foregoing represents our best estimate of our cash needs based on current planning and business conditions.  In the event we are not successful in reaching our initial revenue targets, additional funds may be required, and we may not be able to proceed with our business plan for the development and marketing of our core services. Should this occur, we will suspend or cease operations.

 

We anticipate that depending on market conditions and our plan of operations, we may incur operating losses in the foreseeable future. Therefore, our auditors have raised substantial doubt about our ability to continue as a going concern.

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

 

Not Applicable

 

ITEM 4T. CONTROLS AND PROCEDURES.

 

Evaluation of Disclosure Controls and Procedures. Under the supervision and with the participation of our management, including our President, Chief Executive Officer, Chief Financial Officer and Secretary, we evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (the “Exchange Act”) as of the end of the period covered by this report. Based upon that evaluation, our President, Chief Executive Officer, Chief Financial Officer and Secretary concluded that our disclosure controls and procedures as of the end of the period covered by this report were not effective such that the information required to be disclosed by us in reports filed under the Securities Exchange Act of 1934 is (i) recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms and (ii) accumulated and communicated to our management to allow timely decisions regarding disclosure. This is because of our limited operations and we just have a few employees, therefore we lack any segregation of duties and responsibilities. We intend to add additional employees as needed and as our operations expand of which there can be no assurance. A controls system cannot provide absolute assurance, however, that the objectives of the controls system are met, and no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within a company have been detected.

 

Changes in Internal Control Over Financial Reporting. During the most recent quarter ended June 30, 2013, there has been no change in our internal control over financial reporting (as defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act) that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

PART II

 

ITEM 1. LEGAL PROCEEDINGS.

 

None

 

ITEM 1A. RISK FACTORS.

 

Not Applicable

 

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

 

None

 

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

 

None

 

ITEM 4. REMOVED AND RESERVED.

 

None

 

ITEM 5. OTHER INFORMATION.

 

Not Applicable 

 

ITEM 6. EXHIBITS.

 

Exhibit

Number

  Description of Exhibit

31.1

 

31.2

 

Certification of Chief Executive officer required by Rule 13a-14, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

Certification of Chief Financial officer required by Rule 13a-14, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1

 

32.2

 

Certification of Chief Executive Officer and Principal Accounting Officer pursuant to 18 U.S.C. § 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

Certification of Chief Financial Officer and Principal Accounting Officer pursuant to 18 U.S.C. § 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

Exhibit

101

  Interactive data files formatted in XBRL (extensible Business Reporting Language): (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements of Cash Flows, and (iv) the Notes to the Consolidated Financial Statements.*

 

 

* This exhibit shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 of the Securities Exchange Act of 1934, whether made before or after the date hereof and irrespective of any general incorporation language in any filings.

 
 

 

  

 

 

SIGNATURES

 

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, thereunto duly authorized.

 

  HENGYI INTERNATIONAL INDUSTRIES GROUP INC.
 August 14, 2013

/s/ Yijun Hu

 

 

Chief Executive Officer

 

 

/s/ Li Ning

 

  Chief Financial Officer