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 Report (Date of Earliest Event Reported): ~~July~~October 151, 2010

HOME SYSTEM GROUP

(Exact name of registrant as specified in its charter)

Nevada	000-49770	43-1954776
(State or other jurisdiction of	(Commission File Number)	(IRS Employer Identification No.)
incorporation or organization)

Oceanic Industry Park

Sha Gang Highway, Gang Kou Town, Zhongshan City

Guangdong Province, P.R. China

(Address of principal executive offices)

347-624-5699

(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 (see General Instruction A.2. below):

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

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

1Item 2.01 Completion of Acquisition of Assets.

~~Item~~Completion ~~1.01~~of ~~Entry~~Acquisition ~~into~~of 100% aof ~~Material~~Jinxinglong ~~Definitive~~Electrical ~~Agreement~~Appliances Co., Ltd.

OnEffective ~~July~~on 15October 1st, 2010, Home System Group (~~the~~ “~~Company~~HSG”), ~~through~~a Nevada corporation, completed its ~~wholly-owned~~acquisition ~~subsidiaries,~~of ~~Zhongshan~~100% ~~City~~of ~~Weihe~~the outstanding stock of Jinxinglong Electrical Appliances Co., Ltd. (“~~Weihe~~Jinxinglong”), a limited liability company organized under the laws of the People’s Republic of China (“PRC”), ~~and~~pursuant ~~Asia~~to ~~Forever~~the ~~Investment~~Equity ~~Limited~~Ownership ~~(“Asia~~Transfer ~~Forever”)~~Agreement, adated ~~company~~as ~~organized~~of ~~under~~July 15, ~~the~~2010 ~~laws of~~ (the ~~Hong~~“Jinxinglong ~~Kong~~Exchange ~~Special Administrative Region~~Agreement”), ~~entered~~among ~~into~~Asia anForever ~~Equity~~Investment ~~Ownership~~Limited ~~Transfer Agreement~~ (~~the~~ “~~Acquisition~~Asia ~~Agreement~~Forever”), ~~with~~a ~~Jiangmen~~wholly-owned ~~City~~subsidiary ~~Jinxinglong~~of ~~Electrical~~HSG and ~~Appliance~~Zhongshan City Weihe Appliances Co., Ltd. (~~“Jinxinglong”~~"Weihe"), ~~and~~a ~~all~~limited liability company organized under the ~~shareholders~~laws of ~~Jinxinglong (~~the ~~“Sellers”),~~PRC ~~pursuant~~and toa ~~which~~wholly-owned ~~Wehei~~subsidiary ~~and~~of Asia Forever on ~~have~~the ~~agreed~~one tohand, ~~acquire~~ and ~~Sellers~~Jinxinglong ~~have~~and ~~agreed~~all toof ~~sell~~the ~~100%~~shareholders of ~~the~~Jinxinglong ~~Sellers’~~on ~~equity~~the ~~interest~~other inhand ~~Jinxinglong~~(the "Shareholders").

Pursuant to the terms of the ~~Acquisition~~Jinxinglong Exchange Agreement, ~~Weihe~~HSG ~~and~~has ~~Asia~~paid ~~Forever~~$3,000,000 ~~will~~(paid ~~acquire,~~in Renminbi) for ~~cash~~the ~~consideration~~first and second installments of the total purchase price of $15,000,000 ~~(“Acquisition~~to ~~Price”)~~the Shareholders and effective October 1, 2010, the Shareholders have transferred 70% of their shares in Jinxinglong to Weihe and 30% of their shares of Jinxinglong to Asia Forever. The transfer of the shares from the Shareholders to Weihe and Asia Forever has been registered with the appropriate PRC governmental agency, ~~respectively~~which has approved the share transfer. The remaining $12,000,000 of ~~all~~purchase ~~outstanding~~price ~~equity~~will ~~interest~~be paid in ~~Jinxinglong~~installments over the next 15 months in accordance with the terms of the Exchange Agreement, a copy of which was included as an exhibit to the Company's Current Report on Form 8-K filed with the SEC on July 20, 2010 (File Number 10960377).

~~The~~Completion ~~total~~of ~~consideration~~Acquisition ~~for~~of 90% ~~the acquisition~~ of ~~Jinxinglong~~Zhongshan ~~will~~Sanfan beElectrical ~~paid~~Appliances toCo., ~~the Sellers in five payments as follows:~~Ltd.

	·	5% of the Acquisition Price within 5 business days of the full execution of the Acquisition Agreement.
	·	15% of the Acquisition Price within 5 business days of the completion of the registration of the transfer of 70% of the outstanding equity interest in Jinxinglong to Weihe and transfer of 30% of the outstanding equity interest in Jinxinglong to Asian Forever with the applicable regulatory government departments in the People’s Republic of China.

Effective on October 1st, 2010, HSG completed its acquisition of Zhongshan Sanfan Electrical Appliances Co., Ltd. (“Sanfan”), a limited liability company organized under the laws of the PRC, pursuant to the Equity Transfer Agreement dated as of May 31, 2010 (the “Sanfan Exchange Agreement”), among Weihe, Sanfan, and all of the shareholders of Sanfan (the "Sanfan Shareholders").

·Pursuant ~~20%~~to the terms of the ~~Acquisition~~Sanfan ~~Price~~Exchange ~~within~~Agreement, 5HSG ~~business~~has ~~days~~paid $2,400,000 for the first and second installments of the ~~completion~~total purchase price of $12,000,000 to the ~~May~~Sanfan 31Shareholders and effective October 1, 2010. ~~financial~~The ~~audit~~Sanfan Shareholders transferred 90% of ~~Jinxinglong.~~their ·shares ~~30%~~in Sanfan to Weihe. This transfer of the ~~Acquisition~~shares ~~Price~~to ~~upon~~Weihe has been registered with the ~~completion~~appropriate PRC governmental agency. The remaining purchase price of $9,600,000 will be paid in installments over the ~~audit~~next of15 ~~Jinxinglong’s~~months ~~financial~~in ~~statements~~accordance ~~for~~with the ~~fiscal~~terms ~~year~~of ~~2010.~~the ·Sanfan ~~30%~~Exchange Agreement, a copy of which was included as an exhibit to the ~~Acquisition~~Company's ~~Price~~Current byReport ~~December~~on 31Form 8-K filed with the SEC on June 4, ~~2011~~2010 (File Number 10878661).

In the event the audit results of the financial statements of Jinxinglong show that its actual net income for the twelve months ended May 31, 2010 is less than $2,500,000, the Acquisition Price to be paid by Weihe and Asia Forever shall be adjusted proportionally.

A copy of the Acquisition Agreement is filed as an exhibit to this Current Report on Form 8-K. The summary of the Acquisition Agreement set forth above is qualified by reference to such exhibit.

Item 8.01 Other Events.

On July 20, 2010, the Company issued a press release announcing the entry into the Acquisition Agreement. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information contained herein and in the accompanying exhibits is being furnished pursuant to “Item 8.01 Other Events.” The information contained herein and in the accompanying exhibits shall not be incorporated by reference into any of our filings, whether made before or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference to such filing. The information in this report, including the exhibits hereto, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act.

Item 9.01 Financial Statements and Exhibits.

(da) ~~Exhibits~~Financial Statements of Businesses Acquired

Exhibit No.		Description
10.1		Form of Equity Ownership Transfer Agreement
99.1		Press Release of Home System Group, July 20, 2010

The financial statements required by Item 9.01(a) of Form 8-K will be filed by amendment to this Current Report on Form 8-K not later than seventy-one (71) calendar days after the date that this Current Report on Form 8-K must be filed.

2(b) Pro Forma Financial Information

~~Pursuant~~The topro ~~the~~forma ~~requirements~~financial ofstatements ~~the~~required ~~Securities~~by ~~Exchange~~Item ~~Act~~9.01(b) of ~~1934,~~Form ~~the~~8-K ~~registrant~~will ~~has~~be ~~duly~~filed ~~caused~~by ~~this~~amendment ~~report~~ to bethis ~~signed~~Current Report on ~~its~~Form ~~behalf~~8-K bynot later than seventy-one (71) calendar days after the ~~undersigned~~date ~~hereunto~~that ~~duly~~this ~~authorized~~Current Report on Form 8-K must be filed.

	HOME SYSTEM GROUP
Date: July 20, 2010	By:	/s/ Yu Lei
		Yu Lei Chief Executive Officer

SIGNATURES

3Pursuant 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 authorize

EXHIBIT INDEX

	HOME SYSTEM GROUP

Date: October 1, 2010	By:	/s/ Yu Lei
	Yu Lei
	Chief Executive Officer

Exhibit No.		Description
10.1		Form of Equity Ownership Transfer Agreement
99.1		Press Release of Home System Group, July 20, 2010

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