**U.S.
      SECURITIES AND EXCHANGE COMMISSION**


WASHINGTON,
      D.C. 20549





**FORM
      10-QSB**


(Mark
      One)





x
      Quarterly report
      pursuant to Sections 13 or 15(d) of the Securities


Exchange
      Act of 1934





For
      the
      quarterly period ended March 31, 2007





o
      Transition report
      pursuant to Sections 13 or 15(d) of the Securities


Exchange
      Act of 1934





For
      the
      transition period from _______________ to _______________





*Commission
      File Number:000-32341*





**Soyodo
      Group Holdings, Inc.**


(Formerly
      TOP Group Holdings, Inc.)


(Exact
      Name of Small Business Issuer as Specified in Its Charter)




Delaware
            84-1482082(State
                or Other Jurisdiction of
            (I.R.S.
                EmployerIncorporation
                or Organization)
            Identification
                No.)




1390
      Monterey Pass Road, Monterey Park, CA 91754


(Address
      of Principal Executive Offices, Including Zip Code)





(323)
      261-1888


(Issuer's
      Telephone Number, Including Area Code)





The
      number of shares outstanding of our Common Stock, $0.0001 par value per


share,
      as
      of March 31, 2007, was 8,195,000 shares.





**Transitional
      Small Business Disclosure Format (check one):**





Yes
o
      No x







**Soyodo
      Group Holdings, Inc.**


INDEX
        TO
        FORM 10-QSB
 PAGEPART
                    I. Financial InformationItem
                    1. Financial Statements
                
                1Item
                    2. Management's Discussion and Analysis of Plan of
                    Operation
                
                2Item
                    3. Controls and Procedures
                
                3PART
                    II. Other InformationItem
                    2. Unregistered Sales of Equity Securities and Use of
                    Proceeds
                
                4Item
                    4. Submission of Matters to a Vote of Security Holders
                
                4Item
                    6. Exhibits and Reports on Form 8-K
                
                5SIGNATURES
                
                6CERTIFICATIONS








**PART
      I. FINANCIAL INFORMATION**





**Item
      1. Financial Statements**





For
      the
      Company's response to this item, please refer to the Financial Statements
      annexed pages F-1 to F-7 of this Form 10-QSB.




1




SOYODO
      GROUP HOLDINGS, INC.


(Formerly
      TOP Group Holdings, Inc.)


Balance
      Sheets


March
      31,


(Unaudited)


2007
              
              2006**ASSETS**Current
                  Assets:Cash
                  & cash equivalents
              
              $
              1,764
              
              $
              145,898Inventory,
                  retail
              
              
              -
              
              
              816,968Prepaid
                  expenses
              
              
              -
              
              
              4,381Related
                  parties receivable
              
              
              -
              
              
              97,027Total
                  Current Assets
              
              
              1,764
              
              
              1,064,274Property
                  & equipment, net
              
              
              -
              
              
              205,718Security
                  deposits
              
              
              -
              
              
              137,962**TOTAL
                  ASSETS**
              
              $
              1,764
              
              $
              1,407,954**LIABILITIES
                  & STOCKHOLDERS' EQUITY (DEFICIT)**Current
                  LiabilitiesAccounts
                  payable & accrued expense
              
              $
              7,852
              
              $
              912,990Accrued
                  payroll & related liabilities
              
              
              -
              
              
              38,941Accrued
                  other liabilities
              
              
              6,299
              
              
              46,055Advance
                  from shareholders & directors
              
              
              487,229
              
              
              330,000Note
                  payable
              
              
              -
              
              
              500,000Total
                  Current Liabilities
              
              
              501,380
              
              
              1,827,986Stockholders
                  Equity (Deficit)Common
                  stock, $.0001 par value, 12,000,000 shares
              
              
              820
              
              
              716authorized,
                  8,195,000 shares issued and outstandingas
                  of 3/31/07, and 7,160,000 as of 3/31/06Additional
                  Paid-In Capital
              
              
              585,223
              
              
              465,077Stock
                  subscription receivable
              
              
              -
              
              
              (45,000
              )Accumulated
                  Deficit
              
              $
              (1,085,659
              )
              
              (840,825
              )Total
                  Stockholders' Equity ( Deficit)
              
              
              (499,616
              )
              
              (420,032
              )**TOTAL
                  LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)**
              
              $
              1,764
              
              $
              1,407,954


The
        accompanying notes are an integral part of these financial
        statements.


F-1




SOYODO
        GROUP HOLDINGS, INC.
 (Formerly
        TOP Group Holdings, Inc.)
 Statements
        of Operations
 For
        the
        three months Ended March 31,
 (Unaudited)
 2007
                
                2006**Net
                    Sales**
                
                $
                -
                
                $
                680,103**Cost
                    of Goods Sold**
                
                $
                -
                
                $
                (401,383
                )**Gross
                    Profit**
                
                
                -
                
                
                278,720**Operating
                    Expenses**Sales
                    & Marketing
                
                
                -
                
                
                21,636Store
                    Rents
                
                
                -
                
                
                154,219General
                    & Administrative
                
                
                5,139
                
                
                282,532**Total
                    Operating Expenses**
                
                
                5,139
                
                
                458,387**Net
                    Loss From Operations**
                
                $
                (5,139
                )
                $
                (179,667
                )**Interest
                    Expense**
                
                
                -
                
                
                7,491**Net
                    Income**
                
                $
                (5,139
                )
                $
                (187,158
                )**Per
                    Share Information:**Weighted
                    average numberof
                    common shares outstanding
                
                
                8,195,000
                
                
                7,160,000Net
                    Loss per common share
                
                
                *
                
                $
                (0.03
                )
  *
        Less
        than $0.01
 The
          accompanying notes are an integral part of these financial
          statements.




F-2


SOYODO
        GROUP HOLDINGS, INC.
 (Formerly
        TOP Group Holdings, Inc.)
 Stockholders'
        Equity
 March
        31,
        2006
 (Unaudited)


Additional
              
              
              
              Stock
              
              TotalCOMMON
                  STOCKS
              
              Paid-In
              
              Accumulated
              
              Subscription
              
              Stockholders'#
                  of Shares
              
              Amount
              
              Capital
              
              Deficit
              
              Receivable
              
              EquityBalance
                  - December 31, 2003
              
              
              5,000,000
              
              
              500
              
              
              135,293
              
              
              (192,065
              )
              
              -
              
              
              (56,272
              )Net
                  Loss for the Year
              
              
              -
              
              
              -
              
              
              -
              
              
              (26,516
              )
              
              -
              
              
              (26,516
              )Balance
                  - December 31, 2004
              
              
              5,000,000
              
              
              500
              
              
              135,293
              
              
              (218,581
              )
              
              -
              
              
              (82,788
              )Issurance
                  of stock for cash
              
              
              2,160,000
              
              
              216
              
              
              329,784
              
              
              -
              
              
              45,000
              
              
              285,000Net
                  Loss for the year
              
              
              -
              
              
              -
              
              
              -
              
              
              (435,086
              )
              
              -
              
              
              (435,086
              )Balance
                  - December 31, 2005
              
              
              7,160,000
              
              
              716
              
              
              465,077
              
              
              (653,667
              )
              
              45,000
              
              
              (232,874
              )Issurance
                  of stock for cash
              
              
              1,035,000
              
              
              104
              
              
              120,146
              
              
              -
              
              
              (45,000
              )
              
              165,250Net
                  Loss for the year
              
              
              -
              
              
              -
              
              
              -
              
              
              (426,853
              )
              
              -
              
              
              (426,853
              )Balance
                  - December 31, 2006
              
              
              8,195,000
              
              
              820
              
              
              585,223
              
              
              (1,080,520
              )
              $
              -
              
              
              (494,477
              )Net
                  Loss 1/1/07 to 3/31/07
              
              
              -
              
              
              -
              
              
              -
              
              
              (5,139
              )
              
              -
              
              
              (5,139
              )Balance
                  - March 31, 2007
              
              
              8,195,000
              
              
              820
              
              
              585,223
              
              
              (1,085,659
              )
              
              -
              
              
              (499,616
              )


The
        accompanying notes are an integral part of these financial
        statements.




F-3


SOYODO
        GROUP HOLDINGS, INC.
 (Formerly
        TOP Group Holdings, Inc.)
 Statements
        of Cash Flow
 For
        the
        three months Ended March 31,
 
 Indirect
        Method
 (Unaudited)
  2007
              
              2006**Cash
                  Flows from Operating Activities:**Net
                  Loss
              
              $
              (5,139
              )
              $
              (187,158
              )Adjustments
                  to reconcile net loss to net cash usedby
                  operating activitiesDepreciation
              
              
              -
              
              
              9,426Decrease
                  (Increase) in Inventory
              
              
              -
              
              
              (173,612
              )Decrease
                  (Increase) in other currect assets
              
              
              -
              
              
              52,658Decrease
                  (Increase) in security deposits
              
              
              -
              
              
              -Increase
                  (Decrease) in accounts payable
              
              
              232
              
              
              118,636Increase
                  (Decrease) in current liabilities
              
              
              -
              
              
              17,420**Net
                  Cash Used by Operating Activities**
              
              
              (4,907
              )
              
              (162,630
              )**Investing
                  Activities:**Purchase
                  of property and equipment
              
              
              -
              
              
              (2,594
              )**Net
                  Cash from Investing Activities**
              
              
              -
              
              
              (2,594
              )**Financing
                  Activities**Net
                  proceeds from issurance of common stock
              
              
              -
              
              
              **-**Increase
                  in notes payable
              
              
              -
              
              
              55,683Increase
                  in loan from shareholders & directors
              
              
              4,000
              
              
              150,000**Net
                  Cash from Financing Activities**
              
              
              4,000
              
              
              205,683**Net
                  Increase in Cash & Cash Equivalents**
              
              
              (907
              )
              
              40,459**Beginning
                  Cash & Cash Equivalents**
              
              
              2,671
              
              
              105,439**Ending
                  Cash & Cash Equivalents**
              
              $
              1,764
              
              $
              145,898**SUPPLEMENTAL
                  DISCLOSURE OF CASH FLOW INFORMATION**Cash
                  paid for Interest
              
              $
              -
              
              $
              7,491Cash
                  paid for Income Taxes
              
              $
              -
              
              $
              -




The
      accompanying notes are an integral part of these
      financial statements.




F-4




**SOYODO
      HOLDINGS, INC.**


Notes
      to
      Financial Statements


March
      31,
      2007





**Note
      1 - Organization and Summary of Significant Accounting Policies:**





**Organization:**





The
      Company was incorporated on May 15, 1997, under the laws of the state of
      Colorado. On January 16, 2003, TOP Group Corp., a New York corporation,
      purchased 4,400,000 shares of the Company's common stock, which represented
      88%
      of the Company's outstanding capital stock at that time. Prior to the change
      in
      control, the Company's purpose was to investigate opportunities to be acquired
      by a company that desired to be registered under the Securities Exchange Act
      of
      1934, as amended.





In
      the
      second quarter of 2005, the company decided to commence
      a chain of member-only stores in locations with large Chinese immigrant
      populations, offering Chinese culture-related merchandise such as books,
      pre-recorded CDs, stationery, gifts, and sports goods. Subsequently, six retail
      stores had been
      opened. On June 30, 2006, however, the Company started to concentrate on its
      wholesale operation
      and sold to Song Ru-Hua, its majority shareholder & Principal Executive
      Officer, all the six retail stores. Then on November 30, 2006, the company
      decided to go back to its original plan of investigate opportunities to be
      acquired and sold to Song
      Ru-Hua the remaining wholesale operation.





In
      March
      2003, the Company changed its state of incorporation from Colorado to Delaware
      and its name from Quixit, Inc. to TOP Group Holdings, Inc. In August of 2005,
      the company changed its name again from TOP Group Holdings, Inc. to Soyodo
      Group
      Holdings, Inc. The Company's fiscal year end is December 31.





**Basis
      of Accounting:**





The
      accompanying financial statements have been prepared on the accrual basis of
      accounting in accordance with accounting principles generally accepted in the
      United States.





**Cash
      and Cash Equivalents:**





The
      Company considers all highly liquid debt instruments, purchased with an original
      maturity of three months or less, to be cash equivalents.





**Use
      of Estimates:**





The
      preparation of financial statements, in conformity with accounting principles
      generally accepted in the United States, requires management to make estimates
      and assumptions that affect the reported amounts of assets and liabilities,
      and
      disclosure of contingent assets and liabilities at the date of the financial
      statements and the reported amounts of revenue and expenses during the reporting
      period. Actual results could differ from those estimates.





**Net
      Loss Per Share:**





Net
      loss
      per share is based on the weighted average number of common shares outstanding
      during the period.





**Other
      Comprehensive Income:**





The
      Company has no material components of other comprehensive income (loss), and
      accordingly, net loss is equal to comprehensive loss in all periods.





**Inventory:**





The
      valuation method used for our closing inventory is lower of cost or market.
      There was no inventory at the end of March, 2007.





F-5




**SOYODO
      GROUP HOLDINGS, INC.**


Notes
      to
      Financial Statements


March
      31,
      2007





**Note
      2 - Property and Equipment:**





Due
      to
      its divestitures in 2006, the company had nothing left in property and equipment
      as of March 31, 2007.





**Note
      3 - Commitments—operating leases** **:**





As
      of
      March 31, 2007, the Company had entered into leases for six retail stores,
      of
      which five are located in California and one in Illinois. Those leases range
      from 2 years to five years with a total retail space of 32,000 square feet.
      Without adjustment for cost escalation clauses, our minimum lease payments
      will
      be about $599,000 for the 12-month period ended March 31, 2007, about $1,086,000
      for the 36-month period ended March 31, 2009, provided that our two-year leases
      are not renewed.





However
      on June 30, 2006, Ru-Hua Song and his privately held corporations took over
      these six stores. They have been and will be responsible for store rents. But
      it
      should be noted that if Ru-Hua Song and his privately held corporations fail
      to
      pay all the rents involved, we will still be held liable by the landlords to
      honor the terms of those leases.





**Note
      4 - Federal Income Taxes:**





The
      Company has made no provision for income taxes because there have been no net
      income for financial statements or tax purposes.





The
      Financial Accounting Standards Board (FASB) has issued Statement of Financial
      Accounting Standards Number 109 (“SFAS 109”). “Accounting for Income Taxes”,
      which requires a change from the deferred method to the asset and liability
      method of accounting for income taxes. Under the asset and liability method,
      deferred income taxes are recognized for the tax consequences of “temporary
      differences” by applying enacted statutory tax rates applicable to future years
      to differences between the financial statement carrying amounts and the tax
      basis of existing assets and liabilities.


Deferred
                  tax assetsNet
                  operating loss carry-forwards
              
              $
              1,085,659Valuation
                  allowance
              
              
              (1,085,659
              )Net
                  deferred tax assets
              
              $
              0





As
      of
      March 31, 2007, the Company had net operating loss carry-forwards of
      approximately $1,085,659 for federal income tax purposes. These carry-forwards,
      if not utilized to offset taxable income, will begin to expire in 2010.





**Note
      5 - Going Concern:**





The
      Company's financial statements have been prepared on the basis that it is a
      going concern, which contemplated the realization of assets and the satisfaction
      of liabilities in the normal course of business.





The
      Company commenced its retail operation in the third quarter of 2005 in
      locations with large Chinese immigrant populations. On June 30, 2006, it started
      to only concentrate
      on its wholesale operation and sold to Song Ru-Hua all the existing six retail
      stores. On November 30, 2006, the
      company decided to go back to its original plan of investigate opportunities
      to
      be acquired and sold to Song
      Ru-Hua the remaining wholesale operation.





As
      of
      March 31, 2007, the Company’s current liabilities exceed current assets by
      $499,616 and its net worth is negative $499,616. Therefore, the Company's
      ability to continue as a going concern is dependent upon its ability to achieve
      profitable operations and to develop additional sources of capital. The
      accompanying financial statements do not include any adjustments that might
      result from the outcome of these uncertainties.




F-6




**SOYODO
      GROUP HOLDINGS, INC.**


Notes
      to
      Financial Statements


March
      31,
      2007





**Note
      6 - Capital Stock Transactions** **:**





On
      March
      25, 1999, the Company's Board of Directors approved an amendment to the Articles
      of Incorporation of the Company, declaring a 1 to 10 reverse stock split of
      outstanding common stock at March 25, 1999. In 2001, the Board of Directors
      declared a 5 to 1 forward stock split. On January 21, 2005, the company filed
      an
      Amended Certificate of Incorporation to increase the shares authorized to issue
      from 5,000,000 to 100,000,000 and to reduce the par value per share from $0.01
      to $0.0001. On September 20, 2006, the company filed an Amended Certificate
      of
      Incorporation to set the authorized shares at 12,000,000.





On
      December 15, 2005, our three officers, Wu Hai, Li Ke-Guang and Zhang Hao,
      subscribed to pay $80,000 for 160,000 restricted shares, of which 100,000 shares
      were returned in 2006 to the company by Li
      Ke-Guang, who had also resigned from his Vice President position. The company
      did receive $30,000 for the remaining 60,000 restricted shares. On June 8,
      2006,
      our three independent directors, Song Pei-Kun, Yi Geng-Po and Fang Ye paid
      $170,250 to acquire 1,135,000 restricted shares of the company.




All
      shares and per share amounts in the accompanying financial statements of the
      Company and notes thereto have been retroactively adjusted to reflect the stock
      splits and the par value reduction.





**Note
      7 - Related Party Transactions:**





During
      the three months ended March 31, 2007, the company did not have any business
      transactions.  As
      of
      March 31, 2007, the company did not have any accounts receivable and accounts
      payable with related parties.





**Note
      8 - Loans from Shareholders:**





This
      loan
      from shareholders of $487,229 resulted mainly from the takeover settlement
      on
      November 30, 2006 by Mr. Song Ru-hua. This loan does not carry a due
      date.





**Note
      9 - Segment Information:**





The
      Company as of March 31, 2007 had no business operations. Prior to the takeover
      on November 30, 2006, it was in the wholesale business in California of the
      U.S.A.




F-7




**Item
      2. Management's Discussion and Analysis of Plan of Operation**





This
      Quarterly Report on Form 10-QSB contains statements that may constitute
      "forward-looking statements" within the meaning, and made pursuant to the Safe
      Harbor provisions, of the Private Securities Litigation Reform Act of 1995.
      Such
      statements are based on management's current expectations and are subject to
      a
      number of risks and uncertainties, including, but not limited to, the difficulty
      inherent in operating an early-stage company in a new and rapidly evolving
      market, market and economic conditions, the impact of competitive products,
      product demand and market acceptance risks, changes in product mix, costs and
      availability of raw materials, fluctuations in operating results, delays in
      development of highly complex products, risk of customer contract or sales
      order
      cancellations and other risks detailed from time to time in our filings with
      the
      Securities and Exchange Commission (the "SEC"). These risks and uncertainties
      could cause our actual results to differ materially from those described in
      the
      forward-looking statements. Any forward-looking statement represents our
      expectations or forecasts only as of the date it was made and should not be
      relied upon as representing its expectations or forecasts as of any subsequent
      date. Except as required by law, we undertake no obligation to correct or update
      any forward-looking statement, whether as a result of new information, future
      events or otherwise, even if our expectations or forecasts change.





The
      following discussion and analysis should be read in conjunction with the
      financial statements, related notes and other information included in this
      Quarterly Report on Form 10-QSB, as well as in conjunction with the consolidated
      financial statements and the related notes. The financial statements have been
      prepared in accordance with US Generally Accepted Accounting Principles, or
      GAAP.





**Background**





The
      Company was incorporated as "Quixit, Inc." on May 15, 1997, under the laws
      of
      the State of Colorado. On January 16, 2003, we engaged in the Change in Control,
      whereby TOP Group Corp. (New York) purchased 4,400,000 shares of the Company's
      common stock from H. Daniel Boone, who was then President and Chairman of the
      board of directors. Right after the purchase, TOP Group Corp. (New York) owned
      88% of our outstanding capital stock. On August 22, 2005, due
      to
      its inactive status and its intension to wind up, TOP
      Group
      Corp. (New York) conveyed its 4,400,000shares to Song Ru-hua, the Company’s
      President and Chairman of the Board.





Prior
      to
      the Change in Control, our purpose was to investigate opportunities to be
      acquired by a company that desired to be registered under the Securities
      Exchange Act of 1934, as amended (the "Exchange Act"). In the second quarter
      of
      2005, the company decided to commence
      a chain of member-only stores in locations with large Chinese immigrant
      populations, offering Chinese culture-related merchandise such as books,
      pre-recorded CDs, stationery, gifts, and sports goods. Subsequently, six retail
      stores were
      opened. On June 30, 2006, however, the Company started to concentrate on its
      wholesale operation and sold to Ru-Hua Song, its majority shareholder &
Principal Executive Officer, all the six retail stores. Then on November 30,
      2006, the company decided to go back to its original plan of investigating
      opportunities to be acquired and sold to Ru-Hua Song the remaining wholesale
      operation.




In
      March
      of 2003, our stockholders approved a change in our state of incorporation from
      Colorado to Delaware and a change in our name from Quixit, Inc. to TOP Group
      Holdings, Inc. Again in August of 2005, our stockholders approved a change
      in
      our name from TOP Group Holdings, Inc. to Soyodo Group Holdings, Inc.





**A.
      PLAN OF OPERATIONS**





Prior
      to
      the takeovers, we operated in the retail business in
      locations within continental USA with large Chinese immigrant
      populations. Presently, we look for an opportunity to be acquired by a buyer who desires
      to
      be registered under the Securities Exchange Act of 1934.





**Results
      of Operations for the three months Ended March 31, 2007 Compared to the three
      months Ended March 31, 2006**





Due
      to
      the fact that the Company decided to go back to its original plan of
      investigating opportunities to be acquired, we had no revenue during the three
      months ended March 31, 2007, compared with retail sales of $680,103 and gross
      profit of $278,720 in the three months ended March 31, 2006. As a result, we
      incurred only $5,139 in operating expenses in the three months ended March
      31,
      2007, compared to $458,387 in the three months ended March 31, 2006. We had
      a
      net loss of $5,139 in the three months ended March 31, 2007, compared to
      $187,158 in the three months ended March 31, 2006.




2




**B.
      LIQUIDITY AND CAPITAL RESOURCES**





As
      of
      March 31, 2007, we had $1,764 operating capital, thanks to a loan of $487,229
      from Mr. Song Ru-hua. Currently we have to rely upon advances or loans from
      shareholders to pay our expenses. However, we have no commitments from any
      person for advances or loans.




We
      incurred a loss of $5,139 from operations for the three months ended March
      31,
      2007, and losses are expected in the future as well. This does raise substantial
      doubt about our ability to continue as a going concern. Our plans include
      seeking additional capital and/or debt financing. There is no guarantee that
      additional capital and/or debt financing will be available when and to the
      extent required, or that if available, it will be on terms acceptable to us.
      Our
      financial statements do not include any adjustments that might result from
      the
      outcome of this uncertainty.





**Item
      3. Controls and Procedures**





Evaluation
      of Disclosure Controls and Procedures





Based
      on
      their evaluation as of March 31, 2007, our chief executive officer and chief
      financial officer have concluded that our disclosure controls and procedures
      (as
      defined in Rules 13a-l5(e) and 15d-15(e) under the Securities Exchange Act
      of I
      934, as amended) were effective to ensure the information required to be
      disclosed by us in reports that we file or submit under the Securities Exchange
      Act of 1934 is recorded, processed, summarized and reported within the time
      periods specified in the SEC’ s rules and forms.





Management‘s **** Report
      on Internal Control over Financial Reporting





Our
      management is responsible for establishing and maintaining adequate internal
      control over financial reporting, as such term is defined in Exchange Act Rules
      13a- 15(f) and l5d-15(f). Under the supervision and with the participation
      of
      our management, including our Chief Executive Officer and Chief Financial
      Officer, we conducted an evaluation of the effectiveness of our internal control
      over financial reporting as of March 31, 2007. In making this assessment, our
      management used the criteria set forth by the Committee of Sponsoring
      Organizations of the Treadway Commission (COSO) in Internal Control-Integrated
      Framework. Our management has concluded that, as of March 31, 2007, our internal
      control over financial reporting was effective based on these
      criteria.





Changes
      in Internal Control over Financial Reporting





There
      were no changes in our internal control over financial reporting during the
      quarter ended March 31, 2007 that have materially affected, or are reasonably
      likely to materially affect our internal control over financial
      reporting.





Inherent
      Limitations on Effectiveness of Controls





Our
      management, including our chief executive officer and chief financial officer,
      does not expect that our procedures or our internal controls will prevent or
      detect all error and all fraud. An internal control system, no matter how well
      conceived and operated, can provide only reasonable, not absolute, assurance
      that the objectives of the control system are met. Because of the inherent
      limitations in all control systems, no evaluation of our controls can provide
      absolute assurance that all control issues and instances of fraud, if any,
      have
      been detected.





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**PART
      II. OTHER INFORMATION**





**Item
      2.  Unregistered Sales of Equity Securities and Use of
      Proceeds** ******





None





**Item
      4. Submission of Matters to a Vote of Security Holders**





On
      June
      1, 2006, by a written consent in lieu of a meeting, our shareholders elected
      Song Ru-hua, Fang Ye, Song Pei-Kun, Yi Geng-Po and Zhang Hao to serve as our
      directors in place of the entire prior Board. At the same time, the shareholders
      also adopted and approved a restatement to the Company’s Certificate of
      Incorporation to, among other things, to reflect prior amendments and to set
      the
      total shares authorized to issue at 12,000,000.




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**Item
      6. Exhibits and Reports on Form 8-K**




(a)
      Exhibits


ExhibitNumber
              
              Description3.1
              
              Articles
                  of Amendment to the Articles of Incorporation of the Company (incorporated
                  by reference to the Company's
                  proxy statement on Schedule 14A filed with the Commission on March
                  5, 2003
                  (the "Proxy statement")3.2
              
              Agreement
                  and Plan of Merger between Quixit, Inc., a Colorado corporation,
                  and TOP
                  Group Corporation (now known
                  as TOP Group Holdings, Inc.), a Delaware corporation (incorporated
                  by
                  reference to the Proxy Statement)3.3
              
              Certificate
                  of Incorporation of the Company (incorporated by reference to the
                  Proxy
                  Statement)3.4
              
              By-Laws
                  of the Company (incorporated by reference to the Proxy
                  Statement)3.5
              
              Restated
                  Certificate of Incorporation of the Company (incorporated by reference
                  to
                  the Company’s proxy statement
                  on Schedule 14C filed with the commission on March 15, 2005 for
                  an
                  increase of authorized shares)3.6
              
              Restated
                  Certificate of Incorporation of the Company (incorporated by reference
                  to
                  the Company’s proxy statement
                  on Schedule l4C filed with the commission on August 26, 2005 for
                  a name
                  change)3.7
              
              Restated
                  Certificate of Incorporation of the Company (incorporated by reference
                  to
                  the Company’s proxy statement
                  on Schedule l4C filed with the commission on June 20, 2006 to set
                  the new
                  total authorized shares)31
              
              Certification
                  of Principal Executive Officer and Principal Financial Officer
                  pursuant to
                  18 U.S.C. Section as
                  adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
                  2002*32
              
              Certification
                  *


*Filed
      herewith




b)
      Reports on Form 8-K




On
      December 1, 2006, we filed a report on Form 8-K to inform the decision to go
      back to our original plan of investigating opportunities to be acquired and
      sell
      to Song Ru-Hua the remaining wholesale operation. On April 20, 2007 we filed
      a
      report on Form 8-K to inform the resignations of our directors and officers
      except Song Ru-Hua to facilitate the search of a potential buyer.




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SIGNATURES





In
      accordance with the requirements of the Exchange Act, the registrant has duly
      caused this report to be signed on its behalf by the undersigned, thereunto
      duly
      authorized.


**SOYODO
              Group Holdings, Inc.***Dated:
              May 10,
              2007*
            *By:*
            */s/* *Song
              Ru-Hua**Song
                Ru-Hua*
              *President*
              *(Principal
                Executive Officer & Principal Financial and Accounting
                Officer)*




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