~~UNITED~~SECURITIES ~~STATESSECURITIES~~ AND EXCHANGE ~~COMMISSIONWashington, D.C. 20549~~COMMISSION

~~FORM~~WASHINGTON, ~~8-K~~D.C. 20549

~~CURRENT REPORT PURSUANT~~________________________

TOFORM ~~SECTION 13 OR 15(d) OF THE~~8-K

~~SECURITIES EXCHANGE ACT OF 1934~~________________________

~~Date~~CURRENT ~~of report (Date of earliest reported): April 18, 2005~~REPORT

~~ARTCRAFT~~PURSUANT V,TO ~~INC.~~SECTION 13 OR 15(D) OF THE

~~(EXACT~~SECURITIES ~~NAME~~EXCHANGE ACT OF ~~REGISTRANT AS SPECIFIED IN CHARTER)~~1934

DELAWARE	000-50818
(STATE OR OTHER JURISDICTION OF INCORPORATION OR ORGANIZATION)	(COMMISSION FILE NO.)	(IRS EMPLOYEE IDENTIFICATION NO.)

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): May 20, 2005

~~Baimang~~ARTCRAFT ~~Checking~~V, ~~Station 1st Building~~INC.

~~South~~(EXACT ~~Mountain~~NAME ~~Xili~~OF ~~Town,~~REGISTRANT ~~Shenzhen,~~AS ~~China~~SPECIFIED IN CHARTER)

(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

DELAWARE	000-50818
(STATE OR OTHER JURISDICTION OF INCORPORATION OR ORGANIZATION)	(COMMISSION FILE NO.)	(IRS EMPLOYEE IDENTIFICATION NO.)

~~755-27653497~~Baimang Checking Station 1st Building

~~(ISSUER~~South ~~TELEPHONE~~Mountain ~~NUMBER)~~Xili Town, Shenzhen, China

~~INFORMATION~~(ADDRESS TOOF BEPRINCIPAL ~~INCLUDED~~EXECUTIVE ~~IN THE REPORT~~OFFICES)

ITEM 4.01.		CHANGES IN REGISTRANT’S CERTIFYING ACCOUNTANT
(1)	Previous Independent Auditors:

755-27653497

(i)ISSUER OnTELEPHONE ~~April 18, 2005, Gately & Associates, LLC (“Gately & Asociates”~~NUMBER) was dismissed as independent auditor for the Company. On April 18, 2005, the Company engaged Webb & Company, PA (“Webb”) as its principal independent accountant. This decision to engage Webb was ratified by the majority approval of the Board of Directors of the Company.

(~~ii)~~FORMER ~~Management~~NAME ofAND Artcraft V, Inc. has not had any disagreements with Gately & Associates related to any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure. For the most recent fiscal year and any subsequent interim period through Gately & Associates’ termination on April 18, 2005, there has been no disagreement between the Company and Gately & Associates on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement, if not resolved to the satisfaction of Gately & Associates would have caused it to make a reference to the subject matter of the disagreement in connection with its reports.ADDRESS)

~~(iii)~~FORWARD ~~The~~LOOKING Company’s Board of Directors participated in and approved the decision to change independent accountants. Gately & Associates’ audit report on the financial statements for the period ended June 11, 2004 were modified for an uncertainty as to the Company’s ability to continue as a going concern. Gately & Associates’ audit STATEMENTS

~~report~~This ~~contained~~Form no8-K ~~adverse~~and ~~opinion~~other reports filed by Registrant from time to time with the Securities and Exchange Commission (collectively the “Filings”) contain or ~~disclaimer~~may contain forward looking statements and information that are based upon beliefs of, ~~opinion~~and information currently available to, Registrant’s management as well as estimates and ~~was~~assumptions ~~not~~made ~~qualified~~by Registrant’s management. When used in the filings the words “anticipate”, “believe”, “estimate”, “expect”, “future”, “intend”, “plan” or ~~modified~~the negative of these terms and similar expressions as they relate to ~~audit~~Registrant ~~scope~~or Registrant’s management identify forward looking statements. Such statements reflect the current view of Registrant with respect to future events and are subject to risks, uncertainties, assumptions and other actors relating to Registrant’s industry, Registrant’s operations and results of operations and any businesses that may be acquired by Registrant. Should one or ~~accounting~~more ~~principles~~of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned.

~~(iv)~~Although InRegistrant ~~connection~~believes ~~with~~that ~~its~~the ~~review~~expectations ofreflected ~~financial~~in ~~statements~~the ~~through~~forward ~~November~~looking ~~30,~~statements ~~2004~~are reasonable, ~~there~~Registrant ~~have~~cannot ~~been~~guarantee nofuture ~~disagreements~~results, ~~with~~levels ~~Gately~~of &activity, ~~Associates~~performance onor ~~any~~achievements. ~~matter~~Except ofas ~~accounting~~required ~~principles~~by orapplicable ~~practices~~law, ~~financial~~including ~~statement~~the ~~disclosure,~~securities orlaws ~~auditing~~of ~~scope~~the orUnited ~~procedure~~States, ~~which~~Registrant ~~disagreements~~does if not ~~resolved~~intend to ~~the~~update ~~satisfaction~~any of ~~Gately~~the &forward-looking ~~Associates~~statements ~~would~~to ~~have~~conform ~~caused~~these ~~them~~statements to ~~make~~actual ~~reference thereto in their report on the financial statements~~results.

~~(v)~~ITEM ~~During~~3.02 ~~the~~UNREGISTERED ~~most~~SALES ~~recent~~OF ~~audit~~EQUITY ~~period and the interim period subsequent to April 18, 2005, there have been no reportable events with the Company as set forth in Item 304(a)(i)(v) of Regulation S-K.~~SECURITIES

~~(vi)~~In ~~The~~May ~~Company~~2005, ~~requested~~we ~~that~~completed ~~Gately~~a &Regulation ~~Associates~~D, ~~furnish~~Rule it506 ~~with~~Offering ain ~~letter~~which ~~addressed~~we toissued ~~the~~a ~~SEC~~total ~~stating~~of ~~whether~~150,000 orshares ~~not~~of itour ~~agrees~~common ~~with~~stock ~~the~~to ~~above~~a ~~statements.~~total Aof ~~copy~~48investors ofat ~~such~~a ~~letter~~price isper ~~filed~~share asof $.49 for an ~~Exhibit~~aggregate tooffering ~~this~~price ~~Form~~of ~~8-K~~$60,000.

The Common Stock issued in our Regulation D, Rule 506 Offering was issued in a transaction not involving a public offering in reliance upon an exemption from registration provided by Rule 506 of Regulation D of the Securities Act of 1933. In accordance with Section 230.506 (2b) ~~New~~(1)of ~~Independent~~the ~~Accountants~~Securities Act of 1933, these shares qualified for exemption under the Rule 506 exemption for this offerings since it met the following requirements set forth in Reg. ss.230.506:

(iA) No ~~The~~general ~~Company~~solicitation ~~engaged,~~or ~~Webb~~advertising &was ~~Company,~~conducted ~~PA,~~by ~~Boynton~~us ~~Beach,~~in ~~Florida,~~connection ~~as its new independent auditors as of April 18, 2005. Prior to such date, the Company, did not consult~~ with ~~Webb & Company, PA regarding (i)~~ the ~~application~~offering of ~~accounting principles, (ii) the type of audit opinion that might be rendered by Webb & Company, PA or (iii)~~ any ~~other matter that was the subject~~ of ~~a disagreement between~~ the ~~Company and its former auditor as described in Item 304(a)(1)(iv) of Regulation S- B~~Shares.

ITEM 9.01.		FINANCIAL STATEMENTS AND EXHIBITS.
	(a)	Financial statements of business acquired:
		None
	(b)	Exhibits

(B) At the time of the offering we were not: (1) subject to the reporting requirements of Section 13 or 15 (d) of the Exchange Act; or (2) an investment company” within the meaning of the federal securities laws.

NUMBER	EXHIBIT
23.1	Letter from Gately & Associates, LLC

(C) Neither we, nor any of our predecessors, nor any of our directors, nor any beneficial owner of 10% or more of any class of our equity securities, nor any promoter currently connected with us in any capacity has been convicted within the past ten years of any felony in connection with the purchase or sale of any security.

~~SIGNATURES~~(D) The offers and sales of securities by us pursuant to the offerings were not to evade any registration or resale requirements of the securities laws of the United States or any of its states.

~~Pursuant~~(E) toNone ~~the requirements~~ of the ~~Securities~~investors ~~Exchange~~are ~~Act~~affiliated ofwith ~~1934,~~any ~~the~~of ~~registrant~~our ~~has~~directors, ~~duly~~officers ~~caused~~or ~~this~~promoters ~~Report~~or toany bebeneficial ~~signed~~owner onof ~~its~~10% ~~behalf~~or bymore ~~the~~of ~~undersigned~~our ~~hereunto duly authorized~~securities.

~~By:~~Please ~~/s/~~note Lithat Tepursuant ~~Xiao~~to Rule 506, all shares purchased in the Regulation D Rule 506 offering completed in May 2005 were restricted in accordance with Rule 144 of the Securities Act of 1933.

LiITEM Te9.01 ~~Xiao~~FINANCIAL STATEMENT AND EXHIBITS.

~~CEO~~(a) Financial Statements of Business Acquired.

~~April~~Not ~~19, 2005~~applicable.

-(b) Pro Forma Financial Information.

Not applicable.

(c)

Exhibits.

None.

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 hereunto duly authorized.

ARTCRAFT V, INC.

By: /s/ Li Te Xiao
LI TE XIAO
CEO

Dated: May 25, 2005

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