UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

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

Date of Event: ~~September~~December 116, 2008

BASSET ENTERPRISES, INC.

(Exact name of registrant as specified in its charter)


Nevada	0-51355	13-4067630
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

~~P.O.~~3102-3105 ~~Box~~Time ~~110310~~Square ~~Naples~~Plaza, ~~Florida~~Yitian ~~34108-0106~~Road, Futian District Shenzhen, China (Address of ~~Principal~~principal ~~Executive~~executive ~~Office~~offices)

Registrant’s telephone number, including area code: ~~(239) 598~~86-~~2300~~755-33953660

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 (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

~~Written~~[ ] ~~communications~~Soliciting material pursuant to Rule ~~425~~14a-12 under the ~~Securities~~Exchange Act (17 CFR ~~230~~240.~~425~~14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

~~Soliciting~~[ ] ~~material~~Pre-commencement communications pursuant to Rule ~~14a~~13e-124(c) under the Exchange Act (17 CFR 240.~~14a~~13e-124(c))

~~[ ]~~ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

~~Pre-commencement~~Resignation ~~communications~~of ~~pursuant~~Director toand ~~Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))~~Officer

[On December 6, 2008, Cosmo Palmieri resigned from his position as a director of Basset Enterprises, Inc. (the “Company”), a Nevada corporation. ]Mr. Palmieri’s resignation was not due to a disagreement with the Company. Additionally, on December 6, 2008, Madam Sun Keqing resigned from her position as the Chief Financial Officer of the Company.

~~Pre-commencement~~Appointment ~~communications~~of ~~pursuant~~Director toand ~~Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))~~Officers

-On 1December -6, 2008, the Board of Directors appointed Madam Sun Zhaozhong to the Company’s Board of Directors to fill the vacancy created by Mr. Palmieri’s resignation. Additionally, the Board of Directors appointed Madam Sun Zhaozhong to serve as the Company’s Chief Operating Officer. In addition to her involvement with the Company, Madam Sun Zhaozhong also currently serves as the chief marketing officer of Epstein International Investment Consulting (Shenzhen) Co., Ltd. (“Epstein International”), a construction development company located in China. As the chief marketing officer with Epstein International, Madam Sun Zhaozhong works in the areas of business development opportunities and marketing initiatives, as well as working closely with client representatives, construction managers, local government and specialty consultants relating to Epstein International’s construction development projects.

~~ITEM~~Additionally, 3on December 6, 2008, the Board of Directors appointed Madam Zhu Xiaojuan as the Company’s Chief Financial Officer to fill the vacancy created by Madam Sun Keqing’s resignation.02 ~~UNREGISTERED~~In ~~SALES~~addition OFto ~~EQUITY~~her ~~SECURITIES~~involvement with the Company, Madam Zhu Xiaojuan is also the chief financial officer of Epstein International. Madam Zhu Xiaojuan has extensive work related experience in the areas of financial management, auditing and internal control, and has served as financial manager for many large-sized business enterprises.

OnThe ~~September~~Company ~~11,~~does ~~2008,~~not ~~the~~have ~~Board~~any ofemployment ~~Directors~~agreements (with the ~~“Board”)~~newly ofappointed ~~Basset~~officers ~~Enterprises,~~and ~~Inc~~director. Additionally, ~~(the~~there ~~“Company”)~~were ano ~~Nevada~~transactions ~~corporation,~~during ~~authorized~~ the ~~issuance~~last oftwo ~~approximately 14~~years,~~868,978~~ ~~shares~~or ofproposed ~~the~~transactions, ~~Company’s common stock (the “Shares”)~~ to ~~Mid-Continental~~which ~~Securities Corp. (“Mid-Continental”) for past advisory services rendered by Mid-Continental to~~ the Company. ~~Because~~was ~~the~~or ~~transaction~~is ~~between~~to ~~the~~be ~~Company and Mid-Continental did not involve~~ a ~~public offering~~party, ~~the Company issued the Shares~~ in ~~reliance~~which ~~upon~~ the ~~exemption~~new ~~from~~director ~~registration~~or ~~set~~officers ~~forth~~had inor ~~Section~~is ~~4(2)~~to ofhave ~~the~~a ~~Securities~~direct ~~Act~~or ofindirect ~~1933. No~~material ~~underwriters were used, nor were any brokerage commissions paid in connection with the issuance of the shares~~interest.

~~ITEM 5.01 CHANGE IN CONTROL OF REGISTRANT~~SIGNATURE

AsPursuant ~~disclosed~~to ~~above, on September 11, 2008,~~ the ~~Board~~requirements of the ~~Company~~Securities ~~authorized~~Exchange ~~the~~Act ~~issuance~~ of ~~approximately 14~~1934,~~868,978~~ ~~shares of~~ the ~~Company’s~~Registrant ~~common~~has ~~stock~~duly tocaused ~~Mid-Continental~~this ~~for~~report ~~past advisory services rendered by Mid-Continental~~ to ~~the~~be ~~Company. The~~signed ~~Shares~~on ~~issued~~its tobehalf ~~Mid-Continental~~by ~~provide Mid-Continental with ownership of approximately 99% of~~ the ~~total~~undersigned ~~number~~hereunto ofduly ~~issued and outstanding common stock of the Company~~authorized. As a result of the share issuance, Mid-Continental acquired voting control of the Registrant. The consideration for the shares was for past advisory services rendered by Mid-Continental to the Company.

~~SIGNATURES~~BASSET ENTERPRISES, INC.

~~Pursuant~~Date: toDecember ~~the requirements of the Securities Exchange Act of 1934~~8, ~~the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.~~ 2008

~~BASSET~~/s/ ~~ENTERPRISES,~~Madam ~~INC.~~Sun Keqing

--------------------------------- By: Madam ~~/s/~~Sun ~~Cosmo~~Keqing, ~~Palmieri~~Chief Executive Officer

Cosmo Palmieri, President and Treasurer

Date: September 11, 2008

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