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): ~~May~~JANUARY 204, ~~2005~~2006

ARTCRAFT V, INC.

(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)

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

Baimang Checking Station 1^st Building

South Mountain Xili Town, Shenzhen, China

(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

~~755-~~(775) 27653497

(ISSUER TELEPHONE NUMBER)

(FORMER NAME AND ADDRESS)

FORWARD LOOKING STATEMENTS

This Form 8-K and other reports filed by Registrant from time to time with the Securities and Exchange Commission (collectively the “Filings”) contain or may contain forward looking statements and information that are based upon beliefs of, and information currently available to, Registrant’s management as well as estimates and assumptions made by Registrant’s management. When used in the filings the words “anticipate”, “believe”, “estimate”, “expect”, “future”, “intend”, “plan” or the negative of these terms and similar expressions as they relate to Registrant 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~~factors relating to Registrant’s industry, Registrant’s operations and results of operations and any businesses that may be acquired by Registrant. Should one or more 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.

Although Registrant believes that the expectations reflected in the forward looking statements are reasonable, Registrant cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, Registrant does not intend to update any of the forward-looking statements to conform these statements to actual results.

ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES

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

In (i) ~~May~~On ~~2005,~~January ~~we completed a Regulation D~~4, ~~Rule~~the ~~506~~board ~~Offering in which we issued a total~~ of ~~150,000~~directors ~~shares~~ of ~~our~~Artcraft ~~common~~V ~~stock~~Inc. toapproved athe ~~total~~dismissal of ~~48investors~~Webb at& aCompany, ~~price~~P.A. ~~per~~(“Webb ~~share~~& ofCompany”) ~~$.49~~as ~~for~~independent anauditor ~~aggregate~~for ~~offering~~the ~~price of $60,000~~Company.

~~The~~ ~~Common~~(ii) ~~Stock~~Management ~~issued~~of inArtcraft ~~our~~V ~~Regulation~~Inc. Dhas not had any disagreements with Webb & Company related to any matter of accounting principles or practices, ~~Rule~~financial ~~506~~statement ~~Offering~~disclosure ~~was~~or ~~issued~~auditing inscope aor ~~transaction~~procedure. ~~not~~For ~~involving~~the ayear ~~public~~ended ~~offering~~May in31, ~~reliance~~2005 ~~upon~~and anthrough ~~exemption~~Webb ~~from~~& ~~registration~~Company’s ~~provided~~termination byon ~~Rule~~January ~~506~~4, of2006, ~~Regulation~~there Dhas ofbeen no disagreement between the ~~Securities~~Company ~~Act~~and Webb & Company on any matter of ~~1933.~~accounting Inprinciples ~~accordance~~or ~~with~~practices, ~~Section~~financial ~~230.506~~statement ~~(b)(1)of~~disclosure, ~~the~~or ~~Securities~~auditing ~~Act~~scope ofor ~~1933~~procedure, ~~these~~which ~~shares~~disagreement, ~~qualified~~if ~~for~~not ~~exemption~~resolved ~~under~~to the ~~Rule~~satisfaction ~~506~~of ~~exemption~~Webb ~~for~~& ~~this~~Company ~~offerings~~would ~~since~~have caused it ~~met~~to make a reference to the ~~following~~subject ~~requirements~~matter ~~set~~of ~~forth~~the disagreement in ~~Reg.~~connection sswith its reports.~~230.506:~~

(Aiii) No ~~general~~The ~~solicitation~~Company’s orBoard ~~advertising~~of ~~was~~Directors ~~conducted~~participated byin usand approved the decision to change independent accountants. Webb & Company’s audit of the Company’s financial statements on Form 10-KSB for the year ending May 31, 2005 contained an explanatory paragraph expressing substantial doubt about the Company’s ability to continue as a going concern. Except as noted in ~~connection~~the ~~with~~previous sentence, the ~~offering~~reports of ~~any~~Webb & Company, P.A. contained no adverse opinion or disclaimer of ~~the~~opinion ~~Shares~~and was not qualified or modified as to audit scope or accounting principles.

(Biv) AtIn ~~the~~connection ~~time~~with its review of ~~the~~financial ~~offering~~statements wethrough ~~were~~August ~~not:~~31, ~~(1)~~2005, ~~subject~~there tohave ~~the~~been ~~reporting~~no ~~requirements~~disagreements with Webb & Company on any matter of ~~Section~~accounting 13principles or 15practices, ~~(d)~~financial ofstatement ~~the~~disclosure, ~~Exchange~~or ~~Act;~~auditing scope or ~~(2)~~procedure, anwhich ~~investment~~disagreements ~~company”~~if ~~within~~not resolved to the ~~meaning~~satisfaction of ~~the~~Webb ~~federal~~& ~~securities~~Company ~~laws~~would have caused them to make reference thereto in their report on the financial statements.

(Cv) ~~Neither~~ ~~we,~~During ~~nor~~the ~~any~~most ofrecent ~~our~~review ~~predecessors,~~period ~~nor~~and ~~any~~the ofinterim ~~our~~period ~~directors,~~subsequent ~~nor~~to ~~any~~January ~~beneficial~~4, ~~owner of 10% or more of any class of our equity securities~~2006, ~~nor~~there ~~any~~have ~~promoter~~been ~~currently~~no ~~connected~~reportable events with ~~us in any capacity has been convicted within~~ the ~~past~~Company ~~ten~~as ~~years~~set offorth ~~any felony~~ in ~~connection~~Item ~~with~~304(a)(i)(v) ~~the purchase or sale~~ of ~~any~~Regulation ~~security~~S-K.

(Dvi) The ~~offers~~Company ~~and~~requested ~~sales~~that ofWebb ~~securities~~& byCompany usfurnish ~~pursuant~~it towith ~~the~~a ~~offerings~~letter ~~were~~addressed ~~not~~ to ~~evade~~the ~~any~~SEC ~~registration~~stating whether or ~~resale~~not ~~requirements~~it ofagrees with the ~~securities~~above ~~laws~~statements. A copy of ~~the~~such ~~United~~letter ~~States~~is orfiled ~~any~~as ofan ~~its~~Exhibit ~~states~~to this Form 8-K.

(E2) ~~None~~New ofIndependent ~~the investors are affiliated with any of our directors, officers or promoters or any beneficial owner of 10% or more of our securities.~~Accountants:

~~Please~~(i) The ~~note~~Company ~~that~~engaged, ~~pursuant~~Kabani & Company, Inc. of Los Angeles, California, as its new independent auditors as of January 4, 2006. Prior to ~~Rule~~such ~~506~~date, ~~all~~the ~~shares~~Company, ~~purchased~~did innot consult with Kabani & Company, Inc. regarding (i) the ~~Regulation~~application Dof ~~Rule~~accounting ~~506~~principles, ~~offering~~(ii) ~~completed~~the intype ~~May~~of ~~2005~~audit ~~were~~opinion ~~restricted~~that inmight ~~accordance~~be ~~with~~rendered ~~Rule~~by ~~144~~Kabani & Company, Inc. or (iii) any other matter that was the subject of a disagreement between the ~~Securities~~Company ~~Act~~and its former auditor as described in Item 304(a)(1)(iv) of ~~1933~~Regulation S-B.

ITEM 95.0103. ~~FINANCIAL~~CHANGE ~~STATEMENT~~IN ~~AND~~FISCAL ~~EXHIBITS.~~YEAR END

~~(a)~~On ~~Financial~~January ~~Statements~~4, 2006, the Company elected to change it fiscal year end to December 31st based on the fiscal year end of ~~Business~~its ~~Acquired~~operating subsidiary. Based upon same, the Company’s next filing will be its December 31, 2005 10KSB.

Not applicable.

ITEM 9.01.	FINANCIAL STATEMENTS AND EXHIBITS.
	(a)	Financial statements of business acquired:
		None
	(b)	Exhibits
NUMBER		EXHIBIT
23.1		Letter from Webb & Company, P.A.

~~(b) Pro Forma Financial Information.~~SIGNATURES

~~Not~~Pursuant ~~applicable~~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.

~~(c)~~ARTCRAFT ~~Exhibits~~V INC.

~~None.~~By: /s/ Li Te Xiao

~~SIGNATURES~~Li Te Xiao

~~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.~~CEO

~~ARTCRAFT~~Dated: VJanuary 6, ~~INC.~~2006

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

Dated: May 25, 2005

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