UNITED
        STATES
 SECURITIES
        AND EXCHANGE COMMISSION
 Washington,
        D. C. 20549
 
 **FORM
          10-KSB/A** **2**
 
 (Mark
        One)
 
 |X|
        ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
        OF
 1934
 
 For
        the
        fiscal year ended December 31, 2005
 
 |_|
        TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
        ACT
 OF
        1934
 
 For
        the
        transition period from ___________ to ___________
 
 Commission
        file number: 000-50818
 
 **ARTCRAFT
        V, INC.**
 (Name
        of
        Small Business Issuer in its charter)
 
 DELAWARE(State
                  or other jurisdiction of incorporation or organization)
              (I.R.S.
                  Employer Identification NumberBaimang
                  Checking Station 1st Building
                South
                  Mountain Xili Town, Shenzhen, China
              518000(Address
                  of principal executive offices)
              (Zip
                  code)
 
 011-775
        27653497
 Issuer's
        Telephone Number
 
 Securities
        registered under Section 12(b) of the Exchange Act:
 
 Title
                  of each class registered:
              Name
                  of each exchange on which registered:None
              None
 
 Securities
        registered under Section 12(g) of the Exchange Act:
 
 Common
        Stock, par value $.001
 (Title
        of
        class)
   
   Check
        whether the issuer is not required to file reports pursuant to Section 13
        or
        15(d) of the Exchange Act |_|
 
 Check
        whether the issuer (1) filed all reports required to be filed by Section
        13 or
        15(d) of the Exchange Act during the past 12 months (or for such shorter
        period
        that the registrant was required to file such reports), and (2) has been
        subject
        to such filing requirements for the past 90 days. |X| Yes |_| No
 
 Check
        if
        there is no disclosure of delinquent filers in response to Item 405 of
        Regulation S-B contained in this form, and no disclosure will be contained,
        to
        the best of registrant's knowledge, in definitive proxy or information
        statements incorporated by reference in Part III of this Form 10-KSB or any
        amendment to this Form 10-KSB. |X|
 
 Indicate
        by check whether the registrant is a shell company (as defined in Rule 12b-2
        of
        the Exchange Act. |_| Yes |X| No
 
 Issuer's
        revenues for its most recent fiscal year, December 31, 2005, were
        $20,494.
 
 The
        aggregate market value of the voting and non-voting common equity held by
        non-affiliates computed by reference to the price at which the common equity
        was
        sold, or the average bid and asked price of such common equity, as of April
        13,
        2006, was $ -0- (See definition of affiliate in Rule 12b-2 of the Exchange
        Act).
 
 As
          of January
          10 , 2007 the
          Company had 10,250,000 shares of common stock outstanding.
 
 
 
  
  Forward
        Looking Statements
 
 Certain
        information contained herein should be considered "forward-looking statements"
        within the meaning of the Private Securities Litigation Reform Act of 1995
        which
        is subject to a number of risks and uncertainties. The preparation of
        forward-looking statements requires the use of estimates of future revenues,
        expenses, activity levels and economic and market conditions, many of which
        are
        outside the control of Artcraft V, Inc. (the "Company") control. Specific
        factors that could cause actual results to differ materially from those set
        forth in the forward-looking statements include: economic conditions, labor
        costs; competitive pressures on pricing; consumer perceptions of the Company's
        products; other operational matters discussed herein and other risks and
        uncertainties. Other factors and assumptions not identified above are also
        involved in the preparation of forward-looking statements, and the failure
        of
        such other factors and assumptions to be realized may also cause actual results
        to differ materially from those discussed.
 
 
 
 
 
 
   
  ARTCRAFT
        V, INC.
 
 TABLE
        OF
        CONTENTS
 
 
 
 **PART
                  I**
              1ITEM
                  1. DESCRIPTION OF BUSINESS
              1ITEM
                  2. DESCRIPTION OF PROPERTY
              16ITEM
                  3. LEGAL PROCEEDINGS
              16ITEM
                  4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
              16**PART
                  II**
              17ITEM
                  5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER
                  MATTERS
              17ITEM
                  6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF
                  OPERATION
              19ITEM
                  7. FINANCIAL STATEMENTS
              24ITEM
                  8. CHANGE IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
                  FINANCIAL DISCLOSURE
              24ITEM
                  8A.CONTROLS AND PROCEDURES
              25**PART
                  III**
              26ITEM
                  9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;
                  COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT
              26ITEM
                  10.EXECUTIVE COMPENSATION
              27ITEM
                  11.SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
                  MANAGEMENT
              28ITEM
                  12.CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
              29ITEM
                  13:EXHIBITS AND REPORTS ON FORM 8-K
              29ITEM
                  14:PRINCIPAL ACCOUNTANT FEES AND SERVICES
              30**SIGNATURES**
              31
 
 
 
 
   
  **PART
        I**
 
 **ITEM
        1. DESCRIPTION OF BUSINESS.**
 
 Artcraft
        V Inc. ("Artcraft") was incorporated on June 7, 2004, under the laws of the
        State of Delaware. On November 7, 2005, we purchased all of the outstanding
        shares of Top Interest for a total of 10,000,000 shares of Artcraft common
        stock
        to Top Interest. Pursuant to the agreement, Top Interest became our wholly
        owned
        subsidiary. Top Interest owns 70% of Shenzhen Xin Kai Yuan Information
        Consulting Co., Ltd, which is their operating subsidiary. Shenzhen Xin Kai
        Yuan
        Information Consulting Co., Ltd operates 188Info (http://www.188info.com/),
        a
        professional information searching platform that categorizes the information
        it
        provides based on geographical boundaries. Through the operating subsidiary
        Shenzhen Xin Kai Yuan Information Consulting Co., Ltd, we provide a number
        of
        services including information search engine, online web application and
        image
        designing, digital network service, online market research, online promotion
        and
        advertising services, and query searches for both individuals and
        businesses.
 
 188Info
        has a strong reputation among Shenzhen residents. Many Shenzhen residents
        use
        188 Info to publish and search for information. 188Info enjoys several
        competitive advantages including innovative information categorization,
        sophisticated product and service categorization. For example, 188Info's
        categories include career services, real estate, lodging accommodations,
        transportation, computer networking, communications electronics, furniture,
        gifts and apparel, printing presses, and other businesses. Information is
        presented in a variety of ways to enhance readability.
 
 188Info
        has succeeded in becoming one of the major information websites for Chinese
        in a relatively short time period. 188Info has achieved its success on the
        basis
        of a modest initial investment.
 
 In
        2006,
        Top Interest will continue to promote 188Info in an effort to expand its
        usefulness among Chinese citizens. The Company's plans include:
  o
              Further
                  promotion of 188Info and development of related websites to attract
                  a
                  younger demographic and achieve one million hits on a daily
                  basis.o
              Promotion
                  of a commercials exchange among various industrieso
              Establishment
                  of a community information service in Shenzhen by cooperating with
                  communitieso
              Publication
                  of "yellow pages" in Shenzhen
 
  1
  Industry
        Background
 
 Internet
        Users in China
 
 The
        number of Internet users in China has grown rapidly. According to CNNIC,
        there
        were approximately 94 million Internet users in China as of December 31,
        2004.
        The number of Internet users is expected to reach approximately 133 million
        by
        the end of 2005 and to further grow at a CAGR of 24.2% from 2005 to 2007,
        according to iResearch. The table below sets forth the number of Internet
        users
        in China for the periods indicated and the CAGR from 2005 to 2007.
 
 2005
              2006
              2007
              06-07
                CAGRInternet
                  Users (in millions)
              133
              166
              205
              24.2%
 
 Source:
        iResearch: China Internet Search Market Report 2004
 
 Internet
        Search Users in China
 
 China's
        Internet search market is still at an early stage of development but is evolving
        rapidly as an increasing number of users seek information, products and services
        via the Internet. According to iResearch, there were approximately 83 million
        Internet search users in China in 2004, and the number of Internet search
        users
        is expected to grow at a CAGR of 27.5% from 2005 to 2007. The table below
        sets
        forth the number of Internet search users in China for the periods indicated
        and
        the CAGR from 2005 to 2007.
 
 2002
              2003
              2004
              2005
              2006
              2007
              06-07
                CAGRInternet
                  Search Users (in millions)
              38
              56
              83
              115
              149
              187
              27.5%
 
 Source:
        iResearch: China Internet Search Market Report 2004
 
 With
        the
        acceleration of broadband penetration in China and the proliferation of Chinese
        language websites, the number of search queries in China has increased
        significantly. According to iResearch, the total number of queries per day
        was
        estimated to have reached approximately 188 million in 2004 and is expected
        to
        grow at a CAGR of 49.8% from 2005 to 2007, and the total number of queries
        per
        user per day is expected to grow from 2.3 per user in 2004 to 4.3 per user
        in
        2007. The table below sets forth the total number of queries per day and
        queries
        per user per day for the periods indicated and the respective CAGR from 2005
        to
        2007.
  2
  
 2002
              2003
              2004
              2005
              2006
              2007
              06-07
                CAGRTotal
                  Queries Per Day (in millions)(1)
              24
              81
              188
              360
              544
              808
              49.8%Total
                  Queries Per User Per Day(1)
              0.6
              1.4
              2.3
              3.1
              3.6
              4.3
              17.8%
 
 (1)
        The
        historical data based on the results of a survey conducted in December of
        each
        year of Chinese Internet search providers and their estimated number of daily
        search queries processed.
 
 Source:
        iResearch: China Internet Search Market Report 2004
 
 Online
        Marketing in China
 
 Similar
        to the trend in the U.S., Internet search in China has evolved from
        directory-based search to web search. Prior to 2001, Internet search in China
        mainly included directory-based search. Major forms of online marketing
        associated with directory-based search include pay-for-inclusion and fixed
        ranking marketing.
 
 With
        the
        growth of Internet usage and the rapid development of the Internet search
        market
        in China, online marketing has become a more widely adopted marketing medium.
        IDC reported that in 2003, 43.8% of China's Internet users clicked on various
        forms of online marketing, higher than Internet users in most parts of the
        Asia
        Pacific region (excluding Japan), and total online marketing revenues in
        China
        would amount to approximately US$130 million in 2004. The paid search market
        is
        expected to be the fastest growing segment of online marketing in the Asia
        Pacific region (excluding Japan) through 2007. Forms of online marketing
        include
        paid search as well as online advertisements such as text links and graphical
        advertisements. The table below sets forth the various forms of online marketing
        as a percentage of total online marketing revenues in China for the periods
        indicated.
 
 (%
                  of Online Marketing Revenues)
              2002
              2003
              2004
              2005
              2006Paid
                  Search
              34.7
                  %
              37.9
                  %
              37.9
                  %
              43.3
                  %
              45.4
                  %Online
                  Advertisements
              60.8
                  %
              59.3
                  %
              60.0
                  %
              54.9
                  %
              53.1
                  %Email
                  Advertisements
              4.5
                  %
              2.8
                  %
              2.1
                  %
              1.8
                  %
              1.5
                  %
 
 Source:
        iResearch: China Internet Search Market Report 2004
 
  3
  Paid
        Search. Paid search is expected to be the fastest-growing segment of online
        marketing in China. iResearch estimates that paid search will comprise
        approximately 45% of online marketing revenues in 2006. The table below sets
        forth the various forms of paid search as a percentage of total paid search
        revenues in China for the periods indicated.
 
 (%
                  of Paid Search Revenues)
              2002
              2003
              2004
              2005
              2006Pay-for-performance
              14
                  %
              43
                  %
              43
                  %
              51
                  %
              58
                  %Fixed
                  Ranking
              32
                  %
              22
                  %
              28
                  %
              24
                  %
              21
                  %Address
                  Bar
              50
                  %
              29
                  %
              24
                  %
              19
                  %
              15
                  %Others
              4
                  %
              6
                  %
              5
                  %
              6
                  %
              6
                  %
 
 Source:
        iResearch: China Internet Search Market Report 2004
 
 Auction-based
        P4P is a cost-effective platform designed to meet the need of businesses
        to
        reach the increasing number of Internet users. P4P enables a customer to
        bid for
        priority placement of its links in keyword search results. The customer is
        required to pay the amount of its bid when a user clicks on the customer's
        listing in the search results. In the fixed ranking model, a customer pays
        a
        fixed fee to guarantee the display of its listing at a specified position
        on the
        search result page.
 
 Online
        Advertisements. Online advertisements include text links, buttons, banners
        and
        other graphical advertisements. Online advertisements offered by search engines
        include both query sensitive and non-query sensitive advertising products.
        Advertisers purchase online advertising products directly from website operators
        or indirectly through advertising agents. iResearch estimates that online
        advertising revenues will comprise approximately 53% of online marketing
        revenues in 2006.
 
 Unique
        Characteristics of Chinese Internet Search Market
 
 Diverse
        Internet Search Needs. Internet users in China search for a variety of
        information, such as web pages, news and multimedia files. According to a
        survey
        of Internet search users in China conducted by iResearch in 2004, approximately
        48% of those surveyed searched for MP3 files through search engines and
        approximately 35% of those surveyed searched for pictures. The following
        chart
        sets forth iResearch's survey results.
 
 Information
        Needs of Internet Search Users in China(1)
 
 (1)
        Represents the percentage of Internet search users who searched for the
        specified type of information in 2004. Source: iResearch: China Internet
        Search
        Market Report 2004
 
 
 
  4
  Complexity
        of the Chinese Language. The complexity of the Chinese language requires
        special
        language processing technologies to generate relevant results. Sentences
        in
        Chinese consist of phrases, equivalent to words in English, that are formed
        by
        multiple characters. A search engine must index and segment the Chinese text
        phrases before conducting keyword/phrase searches. Moreover, a Chinese language
        phrase generally has more synonyms and closely associated phrases than an
        English word. As a result, a Chinese language search engine must have a
        comprehensive database of synonyms and closely associated phrases in order
        to
        function effectively.
 
 Large
        Base of SME Customers. While large enterprises represent an important part
        of
        the paid search market, we believe that SMEs comprise a substantial and growing
        portion of China's potential paid search customer base. According to iResearch,
        the number of SMEs in China is estimated to reach 24.8 million by the end
        of
        2006. iResearch also forecasts that the number of SMEs adopting some form
        of
        online marketing will grow from 410,000 in 2004 to 680,000 in 2006, representing
        a CAGR of 28.8%. SMEs are generally more likely to adopt paid search as a
        marketing medium given their relatively modest budgets. Paid search allows
        SMEs
        to maximize the return on their spending by reaching potential consumers
        that
        they otherwise may not be able to reach cost-effectively.
 
 Reliance
        on Distributors. China's paid search market relies heavily on distributors
        to
        acquire customers, collect payments and provide customer service. This is
        in
        part due to the large, fragmented and less sophisticated SME customer base,
        which is at an early stage of adopting paid search as a marketing medium.
        Moreover, since secure online payment and credit card systems are at early
        stages of development in China, distributors serve as an effective channel
        to
        collect payments from customers.
 
 Our
        Strengths
 
 We
        focus
        on providing Chinese language Internet search and related services. Our services
        are designed to enable our users to find relevant information efficiently
        online
        and to enable our customers to reach these users cost-effectively. We believe
        that our position in is primarily attributable to the following
        strengths:
 
 Large
        Chinese Language Search Audience. We provide our customers with access to
        users
        from our websites, which consisted of over 76,000 third-party websites as
        of
        June 30, 2005. Our search engine significantly enhances our ability to attract
        users and to provide our customers with increased exposure to users who may
        be
        interested in their offerings.
  One
            of
            the Most Widely Recognized Internet Search Brands in Shenzhen. 188info
            is one of
            the most widely recognized Internet search brands in Shenzhen. Our brand
            has
            grown mainly through word-of-mouth among our users and customers. We
            recently
            initiated marketing campaigns to promote and strengthen our brand. The
            awareness
            of our "188info" brand enhances our ability to attract more user traffic
            to our
            188info.com website. It also allows us to attract more customers seeking
            to
            target a broader base of potential consumers.
   5
   Local
            Market Experience and Expertise. We have a significant understanding
            of the
            needs and preferences of our users and customers in China. We have expertise
            in
            search technologies that cater to the search behavior of Chinese users
            and
            address the unique features of Chinese language search. We also have
            a track
            record of successfully introducing and expanding our services to paid
            search
            customers across different regions of China. In addition, we have experience
            in
            operating in the highly regulated and rapidly evolving Internet industry
            in
            China.
 
 Leading
        Technology. Our search technology provides users with relevant search results
        and customers with an efficient way to reach potential consumers. Our
        link-analysis, anti-spamming and Chinese language processing technologies
        form
        the core of our algorithmic search technology.
 
 Extensive
        and Effective Distribution and Customer Service Network. Our customers can
        access our services directly or through our nationwide network of regional
        distributors. Our distributors sell our services to customers and collect
        payments for us. Our key distributors are restricted from selling similar
        products offered by our competitors during our contractual period. We also
        provide training to our distributors and evaluate their performance to ensure
        high-quality customer service. In addition, we, along with our distributors,
        provide training, keyword analysis and search reports to our customers to
        help
        them better understand our services and achieve higher ROIs.
 
 Our
        Strategies
 
 Our
        goal
        is to become a platform that provides users with the best way to find
        information and allows businesses to reach a broad base of potential customers.
        We intend to achieve our goal by implementing the following
        strategies:
  Enhance
            User Experience and Increase Traffic. We believe that continuous improvement
            of
            our users' experience is essential to increasing traffic to our websites.
            We
            plan to continue to introduce new features and functions to our search
            services,
            including new forms of searchable content. We also plan to refine our
            search
            algorithms and other related technologies, increase the size of our indexes
            and
            improve index refresh rates to enable users to find relevant information
            more
            efficiently.
 
 Grow
        Online Marketing Business. We intend to grow our online marketing business
        by
        attracting potential customers and increasing spending per customer on our
        services. We plan to address the specific needs of our customers by offering
        individual products and services and tailored solutions to maximize the
        effectiveness of their marketing efforts. We aim to better understand their
        online marketing needs through regular customer dialogues, cross selling
        of our
        various products and services and introduction of new and innovative online
        marketing solutions.
 
 Pursue
        Selective Strategic Acquisitions and Alliances. We intend to pursue selective
        strategic acquisitions of businesses, assets and technologies that complement
        our existing capabilities and business.
  6
   Products
        and Services for Users
 
 We
        focus
        on offering products and services that enable our users to find relevant
        information quickly and easily. We offer the following services at 188info.com
        to users free of charge:
 
 Web
        Search. Our web search allows users to locate information, products and services
        using Chinese language search terms. Through our search software, we build
        and
        continuously refine a large database of Chinese synonyms and closely associated
        phrases, which is essential for accurate and efficient execution of Chinese
        language searches. The 188info.com home page prominently features a search
        box
        that is designed to load quickly. After entering a search query, users are
        generally presented with a list of search results, which may include our
        customers' links. Users can then access the desired websites by clicking
        on the
        hypertext links displayed in the search results.
 
 In
        addition to providing access to more than 740 million indexed Chinese language
        web pages, we have integrated additional features into our web search that
        help
        users find information more easily. Our web search includes the following
        features:
 
 o
              Related
                  Search - provides alternative search terms based on the original
                  queries
                  to help users find relevant web pages
                  quickly;
 
 o
              Search
                  in Results - enables users to conduct additional searches within
                  the
                  initial search results;
 
 o
              Search
                  by Chinese Phonetics (Pinyin) - enables users to conduct quick
                  searches by
                  entering Chinese phonetics with letters of the English alphabet
                  instead of
                  Chinese characters;
 
 o
              Advanced
                  Search - enables users to create more focused queries by employing
                  techniques such as narrowing results to specified words or phrases,
                  document formats, geographic regions, time frames or
                  websites;
 
 o
              Travel
                  Information - enables users to check domestic train and flight
                  schedules
                  as well as schedules of international flights departing from or
                  arriving
                  in China; and
 
 o
              Calculator
                  - performs basic arithmetic and complicated math and converts between
                  units of measure.
  Other
            Prospect Services. We are continuously improving and introducing new
            products to
            make 188info.com more attractive to our users. In 2005, Top Interest
            will
            continue to promote 188Info in an effort to expand its usefulness among
            Chinese
            citizens. The Company's plans include:
 o
                  Further
                      promotion of 188Info and of related websites to attract a younger
                      demographic and achieve one million hits on a daily
                      basis.
 
 7
 
 
 
 o
              Promotion of a commercials exchange among various
                industries  o
              Establishment
                  of a community information service in Shenzhen by cooperating with
                  communities  o
              Publication of yellow pages in
                Shenzhen
 
 Competition
 
 The
        Internet search industry in China is rapidly evolving and highly competitive.
        Our primary competitors include U.S.-based Internet search providers and
        Chinese
        Internet companies. We compete with these entities for both users and customers
        on the basis of user traffic, quality (relevance) and quantity (index size)
        of
        search results, availability and ease of use of our products and services,
        the
        number of customers, distribution channels and the number of associated
        third-party websites. We also face competition from traditional advertising
        media.
 
 U.S.-based
        Internet Search Providers. U.S.-based Internet search providers, such as
        Google,
        Yahoo! and Microsoft, have a strong global presence, well-established brand
        names, more users and customers and significantly greater financial resources
        than we do. The PRC government regulates the Internet industry extensively,
        including foreign investment and license and permit requirements. We may
        face
        more intense competition from our U.S. competitors as the regulatory environment
        in China evolves, online payment systems and Internet infrastructure in China
        mature, and our U.S. competitors increase their business activities
        in
 China.
 
 Chinese
        Internet Companies. Chinese Internet portals such as Sina, Sohu and Netease
        offer a broad range of online services, including news, wireless value-added
        services, email, online shopping, chat rooms and community networks. Sina
        recently launched its self-developed search engine, "iAsk." Each of our Chinese
        Internet portal competitors has generated significant traffic, a loyal user
        base
        and a large and broad customer base. These portals have widely recognized
        brand
        names in China and greater financial resources than we do. We compete with
        these
        portals primarily for user traffic and online advertising. We also face growing
        competition from other Internet search service providers such as Sougou,
        Yisou
        and Zhong Sou. In addition, we compete with B2B service providers such as
        Alibaba.
 
 Traditional
        Advertising Media. Traditional advertising media, such as newspapers, yellow
        pages, magazines, billboards and other forms of outdoor media, television
        and
        radio, compete for a share of our customers' marketing budgets. Large
        enterprises currently spend a relatively small percentage of their marketing
        budgets on online marketing as compared to the percentage they spend on
        traditional advertising media.
 
 
 
 
 
  8
  Web
        Search Technology
 
 Our
        web
        search technology applies a combination of techniques to determine the
        importance of a web page independent of a particular search query and the
        relevance of that page to a particular search query.
 
 Link
        Analysis Techniques. Link analysis is a technique that determines the relevance
        between a user query and a web page by evaluating the combination of the
        anchor
        texts and the number of web pages linked to that web page. We treat a link
        from
        web page A to web page B as a "vote" by page A in favor of page B. The subject
        of the "vote" is described in the anchor texts of that link. The more "votes"
        a
        web page gets, the higher the relevance. We compare search queries with the
        content of web pages to help determine relevance. Our text-based scoring
        techniques do more than count the number of times a search term appears on
        a web
        page. For example, our technology determines the proximity of individual
        search
        terms to each other on a given web page, and prioritizes results that have
        the
        search terms near each other. Other aspects of a page's content are also
        considered. By combining link analysis with our information extraction
        techniques, we are able to deliver relevant search results.
 
 Information
        Extraction Techniques. We extract information from a web page using high
        performance algorithms and information extraction techniques. Our techniques
        enable us to understand web page content, delete extraneous data, build link
        structures, identify duplicate and junk pages and decide whether to include
        or
        exclude a web page based on its quality. Our techniques can process millions
        of
        web pages quickly. In addition, our anti-spamming algorithms and tools can
        identify and respond to spamming web pages quickly and effectively.
 
 Web
        Crawling Techniques. Our powerful computer clusters and intelligent scheduling
        algorithms allow us to crawl Chinese web pages efficiently. We can easily
        scale
        up our system to collect billions of Chinese web pages. Our spider technology
        enables us to refresh web indices at intervals ranging from every few minutes
        to
        every few weeks. We set the index refresh frequency rate based on our knowledge
        of Internet search users' needs and the nature of the information. For example,
        our news index is typically updated every three to six minutes throughout
        the
        day given the importance of timely information for news. We also mine multimedia
        and other forms of files from web page repositories.
 
 Chinese
        Language Processing Techniques. We analyze and understand Chinese web pages
        by
        processing word-segmentation and utilizing an encoding method based on Chinese
        language characteristics. For example, we can identify Chinese names on a
        web
        page. When a user searches for a person based on the person's Chinese name,
        we
        can display the web pages that are specifically related to that person. We
        also
        mine user behavior and search interests from our large search query logs.
        We
        provide additional web search features such as advanced search, spell check
        and
        search by Chinese phonetics (Pinyin).
 
  9
  Large-Scale
        Systems Technology
 
 We
        currently use a combination of off-the-shelf and custom software running
        on
        clusters of low-cost computers. Our investment in our large-scale system
        infrastructure has several key benefits: simplification of the storage and
        processing of large amounts of data, facilitation of the deployment and
        operation of large-scale products and services, automation of much of the
        administration of large-scale clusters of computers. Moreover, this large
        infrastructure is easily scalable to increases in traffic and dataset
        volume.
 
 Our
        large-scale system infrastructure uses distributed software and high performance
        parallel computing technologies to provide high-quality web search services
        and
        web page collection with low cost computer clusters on a Linux operating
        system.
        We also have management information systems that enable us to perform tasks
        such
        as service operations, administrations, trouble-shootings and filtering with
        relative ease and efficiency. In addition, we have software systems that
        can
        test new ideas with real search queries to evaluate the actual effects without
        affecting live services.
 
 Our
        infrastructure significantly improves the relevance of our search and
        advertising results by allowing us to apply superior search and retrieval
        algorithms that are computationally intensive. We believe this infrastructure
        also shortens our product development cycle and allows us to innovate more
        cost-effectively. We also constantly evaluate new hardware alternatives and
        software techniques to help further reduce our computational costs.
 
 Operations
 
 We
          maintain our computer system at our corporate headquarters. Our operations
          are
          dependent upon our ability to protect our systems against damage from fire,
          hurricanes, power loss, telecommunications failure, break-ins, computer
          viruses
          and other events beyond our control. We maintain access to the Internet
          through
          third-party providers. Any disruption in our Internet access, failure of
          our
          third party providers to handle higher volumes of users or damage or failure
          that causes system disruptions or other significant interruptions in our
          operations could have an adverse effect on our business.
 
 GOVERNMENT
        AND STATE REGULATION
 
 Internet
        Law
 
 Our
        website is not currently subject to direct federal laws or regulations
        applicable to access, content or commerce on the Internet. However, due to
        the
        increasing popularity and use of the Internet, it is possible that a number
        of
        laws and regulations may be adopted with respect to the Internet covering
        issues
        such as:
  10
  
 *
        user
        privacy;
 *
        freedom
        of expression;
 *
        pricing;
 *
        content
        and quality of products and services;
 *
        taxation;
 *
        advertising;
 *
        intellectual property rights; and
 *
        information security
 
 The
        adoption of any such laws or regulations might decrease the rate of growth
        of
        internet use, which in turn could decrease the demand for our services, increase
        the cost of doing business or in some other manner have a material adverse
        effect on our business, financial condition and operating results. In addition,
        applicability to the Internet of existing laws governing issues such as property
        ownership, copyrights and other intellectual property issues, taxation, libel,
        obscenity and personal privacy is uncertain. The vast majority of such laws
        were
        adopted prior to the advent of the Internet and related technologies and,
        as a
        result, do not contemplate or address the unique issues of the Internet and
        related technologies. Regulations on News Display
 
 Displaying
        news on a website and disseminating news through the Internet are highly
        regulated in the PRC. In November 2000, the State Council News Office and
        the
        Ministry of Information Industry promulgated the Provisional Measures for
        Administrating Internet Websites Carrying on the News Displaying Business.
        These
        measures require an ICP operator (other than a government authorized news
        unit)
        to obtain State Council News Office approval to post news on its website
        or
        disseminate news through the Internet. Furthermore, the disseminated news
        must
        come from government-approved sources pursuant to contracts between the ICP
        operator and these sources, copies of which must be filed with the relevant
        government authorities.
 
 We
        provide our search users with links to other domestic websites that display
        news. According to our PRC legal counsel, providing links to news stories
        in
        response to a search query does not constitute displaying news on a website
        or
        disseminating news through the Internet. Therefore, we are not required to
        obtain governmental approval for providing our search users with these
        news
 links.
 
 Regulation
        on Internet Culture Activities On May 10, 2003, the Ministry of Culture
        promulgated the Internet Culture Administration Tentative Measures, or the
        Internet Culture Measures. The Internet Culture Measures require ICP operators
        engaging in "Internet culture activities" to obtain a license from the Ministry
        of Culture. The term "Internet culture activities" includes, among other
        things,
        online dissemination of Internet cultural products (such as audio-video
        products, gaming products, performances of plays or programs, works of art
        and
        cartoons) and the production, reproduction, importation, sale (wholesale
        or
        retail), leasing and broadcasting of Internet cultural products. The Internet
        Culture Measures do not state whether the measures apply to Internet search
        services that provide links to Internet cultural products, such as online
        audio-video products offered by third-party websites.
  11
  According
        to our PRC legal counsel, Internet search services that provide links to
        third-party websites do not currently constitute engaging in Internet culture
        activities under the Internet Culture Measures. We therefore believe that
        we do
        not need to obtain an Internet culture business operation license.
 
 Regulation
        on Broadcasting Audio-Video Programs through the Internet
 
 On
        January 7, 2003, the State Administration of Radio, Film and Television
        promulgated the Rules for Administration of Broadcasting of Audio-Video Programs
        Through the Internet and Other Information Networks, or the Broadcasting
        Rules.
        The Broadcasting Rules regulate Internet broadcasting of audio-video programs.
        According to the Broadcasting Rules, anyone who wishes to engage in Internet
        broadcasting activities must first obtain a license.
 
 On
        April
        23, 2005, the State Council announced a policy regarding investment by
        non-state-owned companies in culture-related business in China. The policy
        restricts investment by non-state-owned companies in audio-video broadcasting
        business or website news business, whether the business is conducted via
        Internet or otherwise. The policy authorizes the Ministry of Culture, the
        State
        Administration of Radio, Film and Television and the State Council News Office
        to adopt detailed implementation rules according to the policy. As we provide
        algorithm-generated links to third-party websites, we do not believe this
        policy
        would have direct adverse impact on our business and operations.
 
 Regulations
        on Advertisements
 
 The
        PRC
        government regulates online advertising, principally through the State
        Administration for Industry and Commerce, or the SAIC. Under the Rules for
        Administration of Foreign Invested Advertising Enterprise, promulgated by
        the
        SAIC and Ministry of Commerce on March 2, 2004, and the Guidance Catalogue,
        foreign investors are currently permitted to own up to 70% of the equity
        interest, individually or collectively, in a PRC advertising company. Starting
        December 10, 2005, there will be no limit on the percentage of foreign
        equity
 ownership.
 
 Any
        entity that wishes to conduct advertising business in the PRC must first
        obtain
        approval from the SAIC or its local counterpart. Although the PRC laws or
        regulations at the national level do not specifically regulate online
        advertising businesses, certain provincial government authorities, such as
        the
        Beijing Administration for Industry and Commerce, or Beijing AIC, regulate
        online advertising businesses. In March 2001, Beijing AIC promulgated the
        Online
        Advertising Tentative Administrative Measures, which require ICP operators
        that
        provide online advertising services within the municipality of Beijing to
        obtain
        an advertising operations license.
 
  12
  Regulation
        on Software Products
 
 On
        October 27, 2000, the Ministry of Information Industry issued the Administrative
        Measures on Software Products, or the Software Measures, to strengthen the
        regulation of software products and to encourage the development of the PRC
        software industry. Under the Software Measures, a software developer must
        have
        all software products imported into or sold in the PRC tested by a testing
        organization approved by the Ministry of Information Industry. The software
        products must be registered with the Ministry of Information Industry or
        with
        its provincial branch. The sale of unregistered software products in the
        PRC is
        forbidden. Software products can be registered for five years, and the
        registration is renewable upon expiration.
 
 Regulations
        on Intellectual Property Rights
 
 China
        has
        adopted legislation governing intellectual property rights, including
        trademarks, patents and copyrights. China is a signatory to the main
        international conventions on intellectual property rights and became a member
        of
        the Agreement on Trade Related Aspects of Intellectual Property Rights upon
        its
        accession to the WTO in December 2001.
 
 Patent.
        The National People's Congress adopted the Patent Law in 1984, and amended
        it in
        1992 and 2000. The purpose of the Patent Law is to protect and encourage
        invention, foster applications of invention and promote the development of
        science and technology. To be patentable, invention or utility models must
        meet
        three conditions: novelty, inventiveness and practical applicability. Patents
        cannot be granted for scientific discoveries, rules and methods for intellectual
        activities, methods used to diagnose or treat diseases, animal and plant
        breeds
        or substances obtained by means of nuclear transformation. The Patent Office
        under the State Council is responsible for receiving, examining and approving
        patent applications. A patent is valid for a term of twenty years in the
        case of
        an invention and a term of ten years in the case of utility models and designs.
        A third-party user must obtain consent or a proper license from the patent
        owner
        to use the patent. Otherwise, the use constitutes an infringement of patent
        rights.
 
 Copyright.
        The National People's Congress amended the Copyright Law in 2001 to widen
        the
        scope of works and rights that are eligible for copyright protection. The
        amended Copyright Law extends copyright protection to Internet activities,
        products disseminated over the Internet and software products. In addition,
        there is a voluntary registration system administered by the China Copyright
        Protection Center.
 
 To
        address copyright issues relating to the Internet, the PRC Supreme People's
        Court on November 11, 2000 issued the Interpretations on Some Issues Concerning
        Applicable Laws for Trial of Disputes Over Internet Copyright, or the
        Interpretations, which were subsequently amended on December 23, 2003. The
        Interpretations establish joint liability for ICP operators if they knowingly
        participate in, assist in or incite infringing activities or fail to remove
        infringing content from their websites after receiving notice from the rights
        holder. In addition, any act intended to bypass circumvention technologies
        designed to protect copyrights constitutes copyright infringement.
  
 13
  To
        address the problem of copyright infringement related to the content posted
        or
        transmitted over the Internet, the PRC National Copyright Administration
        and the
        Ministry of Information Industry jointly promulgated the Administrative Measures
        for Copyright Protection Related to the Internet on April 30, 2005. This
        measure
        became effective on May 30, 2005.
 
 This
        measure applies to situations where an ICP operator (i) allows another person
        to
        post or store any works, recordings, audio or video programs on the websites
        operated by such ICP operator or (ii) provides links to, or search results
        for,
        the works, recordings, audio or video programs posted or transmitted by such
        person, without editing, revising or selecting the content of such material.
        Upon receipt of an infringement notice from a legitimate copyright holder,
        an
        ICP operator must take remedial actions immediately by removing or disabling
        access to the infringing content. If an ICP operator knowingly transmits
        infringing content or fails to take remedial actions after receipt of a notice
        of infringement, the ICP operator could be subject to administrative penalties,
        including: cessation of infringement activities; confiscation by the authorities
        of all income derived from the infringement activities; and payment of a
        fine of
        up to three times the unlawful income or, in cases where the amount of unlawful
        income cannot be determined, a fine of up to RMB100,000. An ICP operator
        is also
        required to retain all infringement notices for a minimum of six months and
        to
        record the content, display time and IP addresses or the domain names related
        to
        the infringement for a minimum of 60 days. Failure to comply with this
        requirement could result in an administrative warning and a fine of up to
        RMB30,000.
 
 Under
        PRC
        copyright laws, a copyright holder can sue Internet service providers for
        copyright infringement. For example, in 2004, a Chinese record company sued
        a
        Chinese Internet music content provider, alleging that the defendant enabled
        users to download certain MP3 music files without the plaintiff's authorization.
        The Beijing Municipal Supreme People's Court found the defendant liable for
        knowingly participating in infringing activities and fined the defendant
        RMB100,000 (US$12,082). On the other hand, in a 2001 case in which an author
        sued a Chinese Internet company for providing search links to a third-party
        website which displayed his book online without his authorization, the Haidian
        District People's Court in Beijing held that the Internet company was not
        liable
        for providing algorithm-generated search links to the third-party website
        without knowledge of the website's infringing activities. However, if an
        Internet search provider does not promptly remove links to the infringing
        content after receiving notices from the copyright holders, the Internet
        search
        provider can be held liable by a PRC court. For example, in 2000, a copyright
        holder of a book brought a copyright infringement claim against another Chinese
        Internet company in the Beijing Intermediate People's Court, alleging that
        the
        defendant provided search links to certain third-party websites that posted
        the
        plaintiff's book without authorization and refused to remove such links to
        the
        infringing websites after the plaintiff requested the defendant to do so.
        The
        court found the defendant liable based primarily on the fact that it received
        notices of infringement from the plaintiff but did not timely remove the
        search
        links, and ordered the defendant to pay RMB3,000 (US$362.5) to the plaintiff
        as
        compensatory damage.
 
 We
        do not
        host MP3 music files or movies on our servers. We provide algorithm-generated
        links to MP3 music files and provide index to movies located on third-party
        websites in response to our users' search queries. We have adopted measures
        to
        mitigate copyright infringement risks.
   14
  For
        example, our policy is to remove links to web pages if we know these web
        pages
        contain materials that infringe third-party rights or if we are notified
        by the
        legitimate copyright holder of the infringement.
 
 Regulation
        of Information Security
 
 The
        National People's Congress has enacted legislation that prohibits use of
        the
        Internet that breaches the public security, disseminates socially destabilizing
        content or leaks state secrets. Breach of public security includes breach
        of
        national security and infringement on legal rights and interests of the state,
        society or citizens. Socially destabilizing content includes any content
        that
        incites defiance or violations of PRC laws or subversion of the PRC government
        or its political system, spreads socially disruptive rumors or involves cult
        activities, superstition, obscenities, pornography, gambling or violence.
        State
        secrets are defined broadly to include information concerning PRC national
        defense, state affairs and other matters as determined by the PRC
        authorities.
 
 According
        to this legislation and other relevant regulations, ICP operators must complete
        mandatory security filing procedures with local public security authorities
        and
        must also report any public dissemination of prohibited content.
  Regulations
        on Internet Privacy
 
 The
        PRC
        Constitution states that PRC laws protect the freedom and privacy of
        communications of citizens and prohibits infringement of such rights. In
        recent
        years, PRC government authorities have enacted legislation on Internet use
        to
        protect personal information from any unauthorized disclosure. The Internet
        Measures prohibit an ICP operator from insulting or slandering a third party
        or
        infringing upon the lawful rights and interests of a third party. Pursuant
        to
        the BBS Measures, ICP operators that provide electronic messaging services
        must
        keep users' personal information confidential and must not disclose such
        personal information to any third party without the users' consent or unless
        required by law. The regulations further authorize the relevant
        telecommunications authorities to order ICP operators to rectify unauthorized
        disclosure. ICP operators are subject to legal liability if the unauthorized
        disclosure results in damages or losses to users. The PRC government, however,
        has the power and authority to order ICP operators to turn over personal
        information if an Internet user posts any prohibited content or engages in
        illegal activities on the Internet.
 
  15
  Regulations
        on Foreign Exchange
 
 Foreign
        Currency Exchange
 
 Pursuant
        to the Foreign Currency Administration Rules promulgated in 1996 and amended
        in
        1997 and various regulations issued by the State Administration of Foreign
        Exchange, or the SAFE, and other relevant PRC government authorities, RMB
        is
        freely convertible only to the extent of current account items, such as trade
        related receipts and payments, interest and dividends. Capital account items,
        such as direct equity investments, loans and repatriation of investment,
        require
        prior approval from the SAFE or its provincial branch for conversion of RMB
        into
        a foreign currency, such as U.S. dollars, and remittance of the foreign currency
        outside the PRC.
 
 Payments
        for transactions that take place within the PRC must be made in RMB. Unless

        otherwise approved, PRC companies must repatriate foreign currency payments
        received from abroad. Foreign-invested enterprises may retain foreign exchange
        in accounts with designated foreign exchange banks subject to a cap set by
        SAFE
        or its local counterpart. Unless otherwise approved, domestic enterprises
        must
        convert all of their foreign currency receipts into RMB.
 
 Employees
 
 As
          of January
          10 , 2007, we have
          10 full time employees located in China. We will hire additional employees
          as we
          continue to implement our plan of operation. None of our employees are
          represented under a collective bargaining agreement, and we believe that
          our
          relationship with our employees is satisfactory.
 
 **ITEM
        2. DESCRIPTION OF PROPERTY**
 
 We
        currently operate our business from our corporate office located at Baimang
        Checking Station 1st Building, South Mountain Xili Town, Shenzhen, China.
        The
        office space is approximately 1,000 square feet, at no cost to the company.
        There presently is no lease for the premises. Management has agreed to continue
        this arrangement until we expand to a level exceeding the capacity of our
        current office space. We do not own or lease any properties at this time
        and
        have no agreements to acquire any properties.
 
 **ITEM
        3. LEGAL PROCEEDINGS** .
 
 There
        are
        no legal proceedings pending or threatened by or against us.
 
 **ITEM
        4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.**
 
 No
        matter
        was submitted to a vote of our security holders through the solicitation
        of
        proxies or otherwise during the fourth quarter of the fiscal year ended December
        31, 2005.
 
 
 16
 
 **PART
        II**
 
 **ITEM
        5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER
        MATTERS.**
 
 Market
        Information
 
 Our
        common stock is presently not trading on any public market or securities
        exchange. We filed a Registration Statement on Form SB-2 on January 13, 2006
        (File No. 3330131019), which is not yet effective, registering 500,000 shares
        of
        our common stock at a price of $.49 per share for a maximum aggregate offering
        price of $245,000. Once that becomes effective, we intend to apply for quotation
        on the OTC Bulletin Board. There is no assurance that our shares of common
        stock
        will be quoted on the OTC Bulletin Board.
 
 Holders
 
 As
          of January
          12, 2007, we had
          50 shareholders holding an aggregate of 10,250,000 shares of our common
          stock
 
 Dividends
 
 We
        have
        never paid a cash dividend on our common stock. It is our present policy
        to
        retain earnings, if any, to finance the development and growth of our business.
        Accordingly, we do not anticipate that cash dividends will be paid until
        our
        earnings and financial condition justify such dividends. There can be no
        assurance that we can achieve such earnings.
 
 Recent
        Sales of Unregistered Securities
 
 Fiscal
        Year 2004. The Company issued the following unregistered
        securities:
 
 -  On
        December 20, 2004, pursuant to a Stock Purchase Agreement, China US Bridge
        Capital Ltd. purchased 100,000 shares of our issued and outstanding common
        stock
        from Scott Raleigh, our sole officer, director and shareholder at such time.
        The
        total of 100,000 shares represented all of our outstanding common stock.
        China
        US Bridge Capital Ltd. paid a total of $36,000 to Scott Raleigh for the
        acquisition of his shares.
 
 The
        sale
        of these securities was previously reported in our Current Report on Form
        8-K
        for December 20, 2004.
 
 Fiscal
        Year 2005. The Company issued the following unregistered
        securities:
 
 -  In
        May
        2005, we issued to 48 investors 150,000 restricted common shares pursuant
        to a
        subscription agreement for $60,000, utilizing the exemption from registration
        requirements of the 1933 Act provided in Rule 506 of Regulation D. We have
        not
        yet received the proceeds form same.
  
 17
  These
        shares qualified for exemption under Rule 506 of Regulation D since it met
        the
        following requirements: (a) No general solicitation or advertising was conducted
        by us in connection with the offering of any of the Shares; (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; (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; (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; and (E) None of the investors were affiliated with any of our directors,
        officers or promoters or any beneficial owner of 10% or more of our
        securities.
 
 The
        sale
        of these securities was previously reported in our Current Report on Form
        8-K
        for May 20, 2005.
 
 -  On
        November 7, 2005, pursuant to a Stock Purchase Agreement and Share Exchange
        between us and Top Interest International Limited, we purchased all of the
        outstanding shares of Top Interest in consideration for the issuance of a
        total
        of 10,000,000 shares of our common stock to Top Interest. Pursuant to the
        agreement, Top Interest became our wholly owned subsidiary. These shares
        were
        issued in reliance on an exemption from registration under Section 4(2) of
        the
        Securities Act of 1933.
 
 These
        shares qualified for exemption under Section 4(2) of the Securities Act of
        1933
        since the issuance of shares by us did not involve a public offering. The
        offering was not a "public offering" as defined in Section 4(2) due to the
        insubstantial number of persons involved in the deal, the size of the offering,
        and the manner of the offering. We did not undertake an offering in which
        we
        sold a high number of shares to a high number of investors. In addition,
        the Top
        Interest had the necessary investment intent as required by Section 4(2)
        since
        the Top Interest shareholders agreed to and received share certificates bearing
        a legend stating that such shares are restricted pursuant to Rule 144 of
        the
        1933 Securities Act. This restriction ensures that these shares would not
        be
        immediately redistributed into the market, and therefore not be part of a
        "public offering." Based on an analysis of the above factors, we have met
        the
        requirements to qualify for exemption under Section 4(2) of the Securities
        Act
        of 1933 for this transaction.
 
 The
        sale
        of these securities was previously reported in our Current Report on Form
        8-K
        for November 7, 2005.
 
 Equity
        Compensation Plan Information
 
 The
        following table sets forth certain information as of April 13, 2006, with
        respect to compensation plans under which our equity securities are authorized
        for issuance:
  18
   (a)
              (b)
              (c)_________________
              _________________
              _________________Number
                  of securities to be issued upon exercise of outstanding options,
                  warrants
                  and rights
              Weighted-average
                  exercise price of outstanding options, warrants and rights
              Number
                  of securities remaining available for future issuance under equity
                  compensation plans (excluding securities reflected in column
                  (a))Equity
                  compensation
              NonePlans
                  approved bySecurity
                  holdersEquity
                  compensation
              NonePlans
                  not approvedBy
                  security holdersTotal
 
 **ITEM
        6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF
        OPERATION**
 
 In
        this
        section, "Management's Discussion and Analysis or Plan of Operation," references
        to "we," "us," "our," and "ours" refer to Artcraft V, Inc. and its
        subsidiary.
 
 The
        following discussion should be read in conjunction with the Consolidated
        Financial Statements and Notes thereto appearing elsewhere in this Form 10-KSB.
        The following discussion contains forward-looking statements. Our actual
        results
        may differ significantly from those projected in the forward-looking
        statements.
 
 Critical
        Accounting Policies:
 
 Our
        discussion and analysis of our financial condition and results of operations
        are
        based upon our financial statements, which have been prepared in accordance
        with
        generally accepted accounting principles in the United States of America.
        The
        preparation of these financial statements requires us to make estimates and
        judgments that affect the reported amount of assets, liabilities and expenses,
        and related disclosure of contingent assets and liabilities. We bases our
        estimates on historical experience and on other various assumptions that
        are
        believed to be reasonable under the circumstances, the results of which form
        the
        basis from making judgments about carrying values of assets and liabilities
        that
        are not readily apparent from other sources. Actual results may differ from
        these estimates under difference assumptions or conditions.
 
  19
  Overview:
 
 We
        operate our business through our wholly owned subsidiary, Top Interest
        International Limited, which operates our "188Info" service. 188Info provides
        a
        number of services including information search engine, online web application
        and image designing, digital network service, online market research, online
        promotion and advertising services, and query searches for both individuals
        and
        businesses.
 
 188Info
        has a strong reputation among Shenzhen residents. Many Shenzhen residents
        use
        188Info to publish and search for information.
 
 188Info
        enjoys several competitive advantages including innovative information
        categorization, sophisticated product and service categorization. For example,
        188Info's categories include career services, real estate, lodging
        accommodations, transportation, computer networking, communications electronics,
        furniture, gifts and apparel, printing presses, and other businesses.
        Information is presented in a variety of ways to enhance
        readability.
  188Info
            has succeeded in becoming one of the major information websites for Chinese
            in a
            relatively short time period. 188Info has achieved its success on the
            basis of a
            modest initial investment
 We
          are also completing
          a website to be utilized in various real estate services such as relocation,
          listings of real estate sales or rentals, mortgage information and other
          real
          estate related information or content. We have not spent any money for
          research
          and development.
 
 Plan
        of Operation:
  We
            intend
            to grow through internal development and strategic alliances. Because
            of
            uncertainties surrounding our growth and stong competition, we anticipate
            incurring expansion related losses in the foreseeable future. Our ability
            to
            achieve our business objectives is contingent upon our success in raising
            additional capital until adequate revenues are realized from operations
            to fund
            our anticipated expansion.
  During
            the next twelve months, we expect to take the following steps for our
            business
            and implement our plan of operations. First, initiate substantive construction
            of our corporate website. We have constructed a comprehensive website
            at
            www.188info.com which outlines the products and services that we offer
            and
            includes additional sub-pages, our telephone and email information, navigation
            tools and a more detailed description of our products and services. "188
            infonet" features a wide range of web advertisements. Web advertising
            can reach
            any part of the world equally fast, which is an impossible feat for conventional
            advertising. Our website provides multimedia content and presentations
            that are
            rich in audio and video, and utilize programs such as Flash and Shockwave
            to
            provide vivid, animated interaction.
 
  20
  The
          next
          stage of web development will focus on further marketing
          and promoti on
          of 188
          infonet to expand its influence into people's daily activities. We intend
          to
          accomplish this by (i) collaborating with various industry consultants
          and
          partnering with various companies within the industry; (ii) developing
          related
          websites to attract a younger demographic with the goal of achieving one
          million
          hits daily; and (iii) establishing a community information service such
          as
          published "yellow pages" in Shenzhen/
 
 Incorporation
        of these services could cost from $2,500 to $100,000 depending upon the level
        of
        detail and the nature of the partnerships attained. If we attain partnerships
        that incorporate another company's services into our site and co-brand with
        partners, programming will be far simpler and cheaper than if we had offered
        users the ability to design their own service requests.
 
 We
        have
        begun searching for consultants and partners and will continue to do so in
        an
        ongoing manner and we believe that such consultants will also be secured
        by the
        end of year. We prefer to structure deals that have little cash outlays and
        reward consultants with stock and percentages of revenue and profits. However,
        consultants could require monthly fees of $2,000 to $8,000 a month. We do
        not
        anticipate any costs being involved with our initial partnership as we will
        attempt to strike partnership deals that are revenue and
        profit-sharing
 arrangements.
 
 Further
          website expansion in 2007 will
          be
          in various phases subject to revenue and capital availability. We filed
          a
          Registration Statement on Form SB-2 on January 13, 2006 (File No. 3330131019),
          which is not yet effective, registering 500,000 shares of our common stock
          at a
          price of $.49 per share for a maximum aggregate offering price of $245,000.
          Within 30 days of the SB-2 Registration Statement's effectiveness, we intend
          to
          apply for quotation on the OTC Bulletin Board, which we anticipate should
          be no
          later than the end of 2006. There are no fees for such application. There
          is no
          assurance that our shares of common stock will be quoted on the OTC Bulletin
          Board.
 
 Within
        60
        days of the SB-2 Registration Statement's effectiveness, we intend to identify
        (i) funding options such as equity or debt financing to raise additional
        capital
        for the Company and (ii) key geographic markets to target during our initial
        phase of operations. However, currently we have had no preliminary discussions
        with any group regarding such financing. As we develop and the overall economic
        climate improves, we expect to be in a better position to raise outside capital
        in early 2006. The associated costs for obtaining such funding may include
        fees
        to outside research and/or consultants, business travel expenses, due diligence
        costs and/or expenses associated with negotiating, structuring and closing
        of
        the financing deal. These costs could be as much as 5%-6% of the aggregate
        funding raised, but any such fees would be taken out of the closing proceeds.
        Searching for capital will likely be an ongoing process even if we initially
        raise a substantial amount of funds.
 
 
 
 
 
  21
  Employees
 
 As
          of January
          10, 2007 ,
          we have
          10 full time employees located in China. We intend to hire and train additional
          staff, including management, marketing staff, and administrative personnel.
          The
          number of employees hired will depend on a variety of factors including
          our
          progress in implementing our business plan and available capital. Ultimately,
          we
          expect to require approximately $10,000 per month for payroll. We will
          need
          additional capital to meet these expenses and will scale down accordingly
          until
          we are in such a position. The hiring of employees will be an ongoing process
          during the Company's existence.
 
 Each
        of
        these steps present significant risks with respect to our ability to implement
        our plan of operations, which are discussed in the "Risk Factors" section
        of
        this 10-KSB
 
 Liquidity
        and Capital Resources
 
 We
        have
        limited liquidity and capital resources. Earnings were insufficient in years
        2004 and 2005 to meet the liquidity needs of operations in those periods.
        We
        believe we will be able to generate revenues from sales and raise capital
        through private placement offerings of its equity securities to provide the
        necessary cash flow to meet anticipated working capital requirements. Our
        actual
        working capital needs for the long and short term will depend upon numerous
        factors, including our operating results, competition, and the availability
        of
        credit facilities, none of which can be predicted with certainty. Our future
        expansion will depend on operating results and will be limited by its ability
        to
        enter into financings and raise capital.
 
 On
        November 7, 2005, pursuant to the closing of the Stock Purchase Agreement
        and
        Share Exchange with Top Interest International Limited, we ceased being a
        "blank
        check" company, as that term is defined in rule 419 of Regulation C under
        the
        rules of the Securities Act of 1933, and began operating an a professional
        information searching platform that categorizes the information it provides
        based on geographical boundaries.
 
 Our
        cash
        requirements consist of general and administrative expenses, and professional
        fees, which are expected to average $1,700 per month for the next 12 months.
        We
        believe we have sufficient cash to meet our minimum development and operating
        costs for the next 12 months. We will need to raise additional capital to
        continue our operations past 12 months, and there is no assurance we will
        be
        successful in raising the needed capital. Due to difficult market conditions,
        we
        are focusing on growing through strategic alliances without the
 necessity
        of outlaying cash.
 
 RESULTS
        OF OPERATIONS
 
 The
        following table presents certain consolidated statement of operations
        information stated as a percentage of total revenues. Certain columns may
        not
        add due to rounding.
  22
   2005
              
              2004Sales,
                  net
              
              $
              20,494
              
              $
              9,580Cost
                  of sales
              
              
              0
              
              
              0General
                  and Administrative Expense
              
              $
              24,131
              
              
              10,905Income
                  (Loss) from Operations
              
              $
              (3,637
              )
              $
              1,325
              )
 
 Net
        sales
 
 Net
        sales
        for 2005 totaled $20,494 compared to $9,580 as of 2004, an increase of $10,914
        or approximately 113%. The increase was due to the expansion of the business
        which resulted in more member users and more customers.
 
 Operating
        Expense
 
 General
        and administrative expense for 2005 totaled $24,131 or approximately 117.7%
        of
        net sales, compared to $10,905 or approximately 113.8% for 2004. The increase
        in
        operating expense of $13,226 or approximately 121.3%, was due to the increased
        expenses incurred during expansion of the business.
 
 Income
        (Loss) from Operations
 
 Income
        (loss) from operations for 2005 was $(3,637) as compared to loss from operations
        of $(1,325) for 2004, an decrease of $(2,312) or approximately 174.5%. The
        increase was due to the increase in operating expenses stated
        above.
 
 Interest
        Expense
 
 Interest
        expense for 2005 totaled $157 compared to $0 for 2004, an increase of $157.
        The
        increase in interest expense was due to the indebtedness related to the
        acquisition of fixed assets.
 
 Net
        Income
 
 Net
        income (loss) was $(1,781) for 2005 compared to $(856) for 2004, a decrease
        of
        $(925). The decrease was due to the increased operating expenses.
 
 Taxes
 
 We
        reflected no provision for income taxes in the first quarter of 2005 because
        of
        the availability of a significant net operating loss carry forward to offset
        any
        taxable income.
 
 Off-Balance
        Sheet Arrangements
 
 We
        do not
        have, and do not have any present plans to implement, any off-balance sheet
        arrangements.
 
  23
  **ITEM
        7. FINANCIAL STATEMENTS**
 
 The
        Company's Financial Statements and Notes to Financial Statements are attached
        hereto beginning with page F-1.
 
 **ITEM
        8. CHANGE IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
        DISCLOSURE**
 
 On
        January 4, 2006, we terminated the client-auditor relationship with Webb
&
Company, P.A. ("Webb & Company") effective a January 4, 2006. We engaged
        Kabani & Company, Inc. of Los Angeles, California, as our new independent
        auditors as of January 4, 2006. Prior to such date, we did not consult with
        Kabani & Company, Inc. regarding (i) the application of accounting
        principles, (ii) the type of audit opinion that might be rendered by Kabani
        & Company, Inc. or (iii) any other matter that was the subject of a
        disagreement between us and our former auditor as described in Item
        304(a)(1)(iv) of Regulation S-B.
 
 In
        connection with its review of financial statements through August 31, 2005,
        there have been no disagreements with Webb & Company on any matter of
        accounting principles or practices, financial statement disclosure, or auditing
        scope or procedure, which disagreements if not resolved to the satisfaction
        of
        Webb & Company would have caused them to make reference thereto in their
        report on the financial statements. During the most recent review period
        and the
        interim period subsequent to January 4, 2006, there have been no reportable
        events with us as set forth in Item 304(a)(i)(v) of Regulation S-K. Webb
&
Company's audit of our financial statements on Form 10-KSB for the year ending
        May 31, 2005 contained an explanatory paragraph expressing substantial doubt
        about our ability to continue as a going concern. Except as noted in the
        previous sentence, the reports of Webb & Company, P.A. contained no adverse
        opinion or disclaimer of opinion and was not qualified or modified as to
        audit
        scope or accounting principles.
 
 On
        January 4, 2006, we elected to change our fiscal year end to December
        31 st based on
        the fiscal year end of our operating subsidiary.
 
  24
  **ITEM
        8A. CONTROLS AND PROCEDURES**
 
 Evaluation
        of disclosure controls and procedures
 
 Our
        chief
        executive officer and chief financial officer have each evaluated our disclosure
        controls and procedures (as defined in rule 13a-14(c) and 15d-14(c) under
        the
        Securities Exchange Act of 1934, as amended) as of a date within 90 days
        before
        the filing of this annual report (the Evaluation Date). Based on that
        evaluation, our principal executive officer and principal financial officer
        concluded that, as of the Evaluation Date, the disclosure controls and
        procedures in place were adequate to ensure that information required to
        be
        disclosed by us, including our consolidated subsidiaries, in reports that
        we
        file or submit under the Exchange Act, is recorded, processed, summarized
        and
        reported on a timely basis in accordance with applicable rules and regulations.
        Although our principal executive officer and principal financial officer
        believes our existing disclosure controls and procedures are adequate to
        enable
        us to comply with our disclosure obligations, we intend to formalize and
        document the procedures already in place and establish a disclosure
        committee.
 
 Changes
        in internal controls
 
 We
        have
        not made any significant changes to our internal controls subsequent to the
        Evaluation Date. We have not identified any significant deficiencies or material
        weaknesses or other factors that could significantly affect these controls,
        and
        therefore, no corrective action was taken.
 
 ITEM
        8B.
        OTHER INFORMATION.
 
 There
        is
        no information required to be disclosed in a report on Form 8-K during the
        fourth quarter of the fiscal year covered by this Form 10-KSB but
        not
 reported.
 
 
   25
  **PART
        III**
 
 **ITEM
        9.DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE
        WITH
        SECTION 16(a) OF THE EXCHANGE ACT**
 
 Directors
        and Executive Officers
 
 The
        following table sets forth information about our executive officers and
        directors.
 
  **NAME**
              **AGE**
              **POSITION**Li
                  Te Xiao
              28
              President,
                  Chief Executive Officer, Chief Financial Officer, Secretary and
                  Director
 
 The
        above
        listed officer and director will remain in office until the next annual meeting
        of our stockholders, and until their successors have been duly elected and
        qualified. There are no agreements with respect to the election of Directors.
        We
        have not compensated our Director for service on our Board of Directors,
        any
        committee thereof, or reimbursed for expenses incurred for attendance at
        meetings of our Board of Directors and/or any committee of our Board of
        Directors. Officers are appointed annually by our Board of Directors and
        each
        Executive Officer serves at the discretion of our Board of Directors. We
        do not
        have any standing committees.
 
 Li
        Te
        Xiao was appointed as our Chief Executive Officer, Chief Financial Officer,
        President, Secretary and Director effective December 20, 2004. Li Te Xiao
        has
        been the General Manager for Shenzhen E'Jinie Technology Development Co.,
        Ltd
        from 2001 to October, 2004. From 1999 to 2001, he also worked as the General
        Manager for Shun De Taiwan Fan Sai Te Lamp Manufacture, in Shun De, Guang
        Dong,
        China. Li Te Xiao Graduated with a bachelor degree in 1997 from Hubei Province
        Normal School with a major in English.
 
 Our
        sole
        Director and Executive Officer has not during the past five years:
  (a)
              Had
                  any bankruptcy petition filed by or against any business of which
                  such
                  person was a general partner or executive officer either at the
                  time of
                  the bankruptcy or within two years prior to that time;(b)
              Been
                  convicted in a criminal proceeding or subject to a pending criminal
                  proceeding;(c)
              Been
                  subject to any order, judgment, or decree, not subsequently reversed,
                  suspended or vacated, of any court of competent jurisdiction, permanently
                  or temporarily enjoining, barring, suspending or otherwise limiting
                  his
                  involvement in any type of business, securities or banking activities;
                  and(d)
              Been
                  found by a court of competent jurisdiction (in a civil action),
                  the
                  Commission or the Commodity Futures Trading Commission to have
                  violated a
                  federal or state securities or commodities law, and the judgment
                  has not
                  been reversed, suspended, or
                  vacated.
   26
  
 Compliance
        with Section 16(a) of the Securities Exchange Act of 1934
 
 The
        Company knows of no person, who at any time during the period from January
        1,
        2003, to the present, was a director, officer, beneficial owner of more than
        ten
        percent of any class of equity securities of the Company (a "Reporting Person"),
        that failed to file on a timely basis any reports required to be furnished
        pursuant to Section 16(a). Based upon a review of Forms 3, 4 and 5 furnished
        to
        the Company under Rule 16(a)-3(d) the Company knows of no Reporting Person
        that
        failed to file the required reports within the required time
        limits.
 
 Audit
        Committee and Audit Committee Financial Expert
 
 We
        do not
        currently have a standing audit committee. The entire board of directors
        of the
        Company acts as the audit committee. Currently, due to the recent changes,
        we do
        not have an audit committee financial expert. We are actively conducting
        a
        search for a suitable individual to join the board of directors who qualifies
        as
        an audit committee financial expert.
 
 Code
        of
        Ethics
 
 The
        Company has adopted a Code of Ethics applicable to its Chief Executive Officer
        and Chief Financial Officer. This Code of Ethics is filed herewith as
        an
 exhibit.
 
 **ITEM
        10. EXECUTIVE COMPENSATION**
 
 Compensation
        of Executive Officers
 
 To
        date,
        we have not entered into any employment agreements with our officer and do
        not
        presently intend to do so. Our officer does not receive any compensation
        for his
        services rendered and has not received such compensation in the past, and
        is not
        accruing any compensation pursuant to any agreement with us. No retirement,
        pension, profit sharing, stock option or insurance programs or other similar
        programs have been adopted by us for the benefit of our employees.
 
 Summary
        Compensation Table. The following table reflects all compensation received
        by
        our officer and director in the fiscal years ended May 31, 2005 and 2004
        and the
        interim period from June 1, 2005 to December 31, 2005 as we changed our fiscal
        year end to December 31.
 
  27
  **SUMMARY
        COMPENSATION TABLE**
 
  **ANNUAL
                  COMPENSATION**
              **LONG
                  TERM COMPENSATION**NAME
                  AND PRINCIPAL
                POSITION
              YEAR
              SALARY
              BONUS
              OTHER
                ANNUAL
                COMPENSATION
              RESTRICTED
                STOCK
                AWARDS
              SECURITIES
                UNDERLYING
                  OPTIONSLi
                  Te Xiao President Chief Executive
                Officer
                  and Director
              2005
              $0
              0
              0
              0
              0Interim
                Period2005
              $0
              0
              0
              0
              02004
              $0
              0
              0
              0
              0
  
 We
        do not
        anticipated that any executive officer or director will receive compensation
        exceeding $100,000 during the fiscal year ending December 31, 2006.
 
 Stock
        Options
 
 We
        do not
        have, nor do we anticipate adopting a stock option plan. Additionally, we
        do not
        have any retirement, pension, profit sharing, stock option or other similar
        programs.
 
 Employment
        Contracts
 
 We
        presently have no employment agreements.
 
 **ITEM
        11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
        MANAGEMENT**
 
 The
        following table sets forth certain information derived from the named person,
        or
        Company, concerning the ownership of common stock as of April 13, 2006, of
        (i)
        each person who is known to us to be the beneficial owner of more than 5%
        of the
        common stock; (ii) all directors and executive officers; and (iii) directors
        and
        executive officers as a group:
 
  28
  
 **NAME
                    AND ADDRESS OF**
                  **BENEFICIAL
                    OWNER**
                **AMOUNT
                    AND NATURE OF**
                  **BENEFICIAL
                    OWNERSHIP**
                **PERCENT
                    OF**
                  **OUTSTANDING
                    SHARES (1)**5%
                    STOCKHOLDERS -Zu
                    Da Xu
                  Baimang
                    Checking Station
                  1st
                    Building South
                  Mountain
                    Xili Town,
                  Shenzhen,
                    China
                10,000,000
                97.56%Li
                    Te Xiao
                  Baimang
                    Checking Station
                  1st
                    Building South
                  Mountain
                    Xili Town,
                  Shenzhen,
                    China
                36,000
                0.35%Officers
                    and Directors as a Group (1 person)
                36,000
                0.35%
 
 (1)
          Based
          on 10,250,000 shares of common stock issued and outstanding as of April
          13,
          2006.
 
 **ITEM
        12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.**
 
 None.
 
 **ITEM
        13: EXHIBITS AND REPORTS ON FORM 8-K**
 
 (a)  Reports
        on Form 8-K
 
 On
        November 10, 2005, we filed an 8-K based on the Stock Purchase Agreement
        and
        Share Exchange with Top Interest International Limited.
 
 (b)  Exhibits
 
 3.1
                Articles
                    of Incorporation and Amendments (1)3.2
                By-Laws
                    (1)10.1
                Securities
                    purchase Agreement with Top InterestInternational
                    Limited (1)10.2
                Amendment
                    One to the Securities Purchase Agreement with Top Interest International
                    Limited (2)14
                Code
                    of Ethics21
                List
                    of Subsidiaries (1)31
                Certification32
                Certification
 
  29
  (1)
        Filed
        with Form SB-2 registration statement on January 13, 2006 (SEC File No.
        333-131019) and incorporated by reference.
 
 (2)
        Filed
        with Amendment 2 to Form SB-2 registration statement on December 12, 2006
        (SEC
        File No. 333-131019) and incorporated by reference.
 
 **ITEM
        14: PRINCIPAL ACCOUNTANT FEES AND SERVICES**
 
 Audit
        Fees
 
 The
        aggregate fees billed for each of the last two fiscal years for professional
        services rendered by the principal accountant for the audit of the registrant's
        annual financial statements and review of financial statements included in
        the
        registrant's 10-QSB (17 CFR 249.308b) or services that are normally provided
        by
        the accountant in connection with statutory and regulatory filings or
        engagements for those fiscal years are:
 
 2004
        Audit and Review fees - $ 5,300
 2005
        Audit and Review fees - $ 20,000
 
 Audit
        Related Fees
 
 The
        aggregate fees billed in each of the last two fiscal years for assurance
        and
        related services by the principal accountant that are reasonably related
        to the
        performance of the audit or review of the registrant's financial statements
        and
        are not reported under Item 9(e)(1) of Schedule 14A are: $-0-
 
 Tax
        Fees
  The
        Company was billed $0 for professional services rendered for tax compliance,
        tax
        advice, and tax planning in each of the last two fiscal years.
 
 All
        Other
        Fees
 
 The
        Company did not incur any other fees in each of the last two fiscal years
        for
        products and services provided by the principal accountant, other than the
        services reported in Items 9(e)(1) through 9(e)(3) of Schedule 14A.
 
 
   30
  **SIGNATURES**
 
 In
        accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934
        The
        Registrant has caused this report to be signed on its behalf by the undersigned,
        thereunto duly authorized.
 
 **Artcraft
        V, Inc.**
 (Registrant)
 
 By:  */s/
        Li Te Xiao*
 Li
        Te
        Xiao, President, Chief Executive Officer,
 Chief
        Financial Officer and Director
 
 
 In
        accordance with the requirements of the Securities Exchange Act of 1934,
        this
        Report has been signed below by the following persons on behalf of the
        Registrant and in the capacities and on the dates indicated.
 
 */s/
        Li Te Xiao*
 Li
        Te
        Xiao, Director
 
 
 Dated:
          January 12, 2007
   31
  **ARTCRAFT
          V, INC. AND SUBSIDIARIES**
  **CONSOLIDATED
          FINANCIAL STATEMENTS**
  **DECEMBER
          31, 2005**
    
  
    **TABLE
          OF CONTENTS**
      Report
                    of Independent Registered Public Accounting Firm of Kabani & Company,
                    Inc.
                F-2
 Report
                      of Independent Registered Public Accounting Firm of Lichter,
                      Yu &
                      Associates
                  F-3
 Consolidated
                    Balance Sheet
                F-4
  Consolidated
                    Statements of Income
                F-5
  Consolidated
                    Statements of Cash Flow
                F-6
  Consolidated
                    Statements of Changes in Stockholders’ Equity
                F-7
  Notes
                    to Consolidated Financial Statements
                F-8
 
 
  
     F-1
  
   ******Report
          of Independent Registered Public Accounting Firm**
   Board
          of
          Directors and Stockholders of
 Artcraft
          V Inc. and Subsidiaries
  We
          have
          audited the accompanying consolidated balance sheet of Artcraft V Inc.
          and
          Subsidiaries (a Delaware corporation) as of December 31, 2005, and the
          related
          consolidated statements of income, stockholders' equity, and cash flows
          for the
          year ended December 31, 2005. These consolidated financial statements are
          the
          responsibility of the Company's management. Our responsibility is to express
          an
          opinion on these consolidated financial statements based on our
          audit.
  We
          conducted our audit in accordance with the standards of the Public Company
          Accounting Oversight Board (United States). Those standards require that
          we plan
          and perform the audit to obtain reasonable assurance about whether the
          consolidated financial statements are free of material misstatement. An
          audit
          includes examining, on a test basis, evidence supporting the amounts and
          disclosures in the financial statements. An audit also includes assessing
          the
          accounting principles used and significant estimates made by management,
          as well
          as evaluating the overall consolidated financial statement presentation.
          We
          believe that our audit provides a reasonable basis for our opinion.
  In
          our
          opinion, the consolidated financial statements referred to above present
          fairly,
          in all material respects, the consolidated financial position of Artcraft
          V Inc.
          and Subsidiaries as of December 31, 2005, and the consolidated results
          of their
          operations and their consolidated cash flows for the year ended December
          31,
          2005, in conformity with U.S. generally accepted accounting
          principles.
   /s/
          Kabani & Company, Inc.
 **Certified
          Public Accountants**
  Los
          Angeles, California
 March
          18,
          2006
   
  F-2
   **Report
            of Independent Registered Public Accounting Firm**
  
 Board
            of
            Directors and Stockholders of
 Artcraft
            V Inc. and Subsidiaries
  We
              have
              audited the accompanying consolidated statements of income, changes
              in
              stockholders' equity, and cash flows for Artcraft V Inc. and Subsidiaries
              ("the
              Company") for
              the
              period from inception (February 24, 2004 ) through December, 31,
              2004 .
              These
              consolidated financial statements are the responsibility of the Company's
              management. Our responsibility is to express an opinion on these financial
              statements based on our audits.
  We
            conducted our audit in accordance with the standards of the Public Company
            Accounting Oversight Board (United States). Those standards require that
            we plan
            and perform the audit to obtain reasonable assurance about whether the
            consolidated financial statements are free of material misstatement.
            An audit
            includes examining, on a test basis, evidence supporting the amounts
            and
            disclosures in the financial statements. An audit also includes assessing
            the
            accounting principles used and significant estimates made by management,
            as well
            as evaluating the overall consolidated financial statement presentation.
            We
            believe that our audit provide a reasonable basis for our opinion.
  In
              our
              opinion, the consolidated financial statements referred to above present
              fairly,
              in all material respects, the consolidated results of its operations
              and cash
              flows for
              the
              period from inception (February 24, 2004 ) through December, 31,
              2004 ,
              in
              conformity with accounting principles generally accepted in the United
              States of
              America.
 
 
 /s/
            Lichter, Yu & Associates.
 Certified
            Public Accountants
 
 September
            27, 2005
 San
            Diego, California
   F-3
 
 
 **ARTCRAFT
                      V, INC. AND SUBSIDIARIES****CONSOLIDATED
                      BALANCE SHEET****December
                      31, 2005****ASSETS****Current
                      Assets**Cash
                      and cash equivalents
                  
                  $
                  17,619Other
                      receivables
                  
                  
                  244Note
                      receivable
                  
                  
                  72,364Total
                      Current Assets
                  
                  
                  90,227**Property
                      & equipment, net**
                  
                  
                  26,117**Intangible
                      assets, net**
                  
                  
                  10,803$
                  127,147**LIABILITIES
                      AND STOCKHOLDERS' EQUITY****Current
                      Liabilities**Accounts
                      payable and accrued expenses
                  
                  $
                  4,916Loan
                      payable to related party
                  
                  
                  84,000Deferred
                      revenue
                  
                  
                  2,067Total
                      Current Liabilities
                  
                  
                  90,983Minority
                      Interest
                  
                  
                  36,060**Stockholders'
                      Equity**Common
                      stock, $.001 par value, 100,000,000shares
                      authorized, 10,100,000 issued and outstanding
                  
                  
                  10,100Shares
                      to be issued, 150,000 shares of common stock
                  
                  
                  60,000Additional
                      paid in capital
                  
                  
                  42,700Subscription
                      receivable
                  
                  
                  (110,000
                  )Other
                      accumulated comprehensive loss
                  
                  
                  (38
                  )Accumulated
                      deficit
                  
                  
                  (2,658
                  )Total
                      Stockholders' Equity
                  
                  
                  104$
                  127,147
   The
          accompanying notes are an integral part of these consolidated financial
          statements.
   F-4
  
  **ARTCRAFT
                    V, INC. AND SUBSIDIARIES****CONSOLIDATED
                    STATEMENTS OF OPERATIONS****FOR
                    THE YEARS ENDED DECEMBER 31, 2005 AND****FOR
                    THE PERIOD FROM INCEPTION (FEBRUARY 24, 2004) THROUGH DECEMBER
                    31,
                    2004****2005**
                
                **2004****Revenue,
                    net**
                
                $
                20,494
                
                $
                9,580General
                    and administrative expenses
                
                
                24,131
                
                
                10,905**Loss
                    from operations**
                
                
                (3,637
                )
                
                (1,325
                )Other
                    (Income) ExpenseInterest
                    income
                
                
                (1,249
                )
                
                (103
                )Minority
                    interest
                
                
                (764
                )
                
                (366
                )Interest
                    expense
                
                
                157
                
                
                -Total
                    Other Expense
                
                
                (1,856
                )
                
                (469
                )**Net
                    loss**
                
                
                (1,781
                )
                
                (856
                )Other
                    comprehensive loss
                
                
                (38
                )
                
                -**Comprehensive
                    loss**
                
                $
                (1,819
                )
                $
                (856
                )**Net
                    loss per share:**Basic
                    & diluted
                
                $
                -
                
                $
                -**Weighted
                    average number of shares outstanding:**Basic
                    & diluted
                
                
                10,100,000
                
                
                10,000,000
  Weighted
          average number of shares for dilutive securities has not been taken since
          the
          effect
 of
          dilutive securities is anti-dilutive
  The
          accompanying notes are an integral part of these consolidated financial
          statements.
    F-5
  
 **ARTCRAFT
                    V, INC. AND SUBSIDIARIES****CONSOLIDATED
                    STATEMENTS OF CASH FLOWS****FOR
                    THE YEARS ENDED DECEMBER 31, 2005 AND****FOR
                    THE PERIOD FROM INCEPTION (FEBRUARY 24, 2004) THROUGH DECEMBER
                    31,
                    2004****2005**
                
                **2004****CASH
                    FLOWS FROM OPERATING ACTIVITIES**Net
                    Loss
                
                $
                (1,781
                )
                $
                (856
                )Adjustments
                    to reconcile net loss to net cashprovided
                    by (used in) operating activities:Depreciation
                    & amortization
                
                
                4,437
                
                
                335Minority
                    interest
                
                
                (764
                )
                
                (366
                )(Increase)
                    / decrease in assets:Other
                    receivables
                
                
                (71,310
                )
                
                (242
                )Prepaid
                    expense
                
                
                109
                
                
                (109
                )Increase
                    in current liabilities:Accounts
                    payable and accrued expenses
                
                
                2,164
                
                
                2,653Deferred
                    revenue
                
                
                1,777
                
                
                257Total
                    Adjustments
                
                
                (63,587
                )
                
                2,528**Net
                    cash provided by (used in) operations**
                
                
                (65,368
                )
                
                1,672**CASH
                    FLOWS FROM INVESTING ACTIVITIES**Purchase
                    of property & equipment
                
                
                (25,889
                )
                
                (3,227
                )Purchase
                    of intangible assets
                
                
                (11,810
                )
                
                -**Net
                    cash used in investing activities**
                
                
                (37,699
                )
                
                (3,227
                )**CASH
                    FLOWS FROM FINANCING ACTIVITIES**Capital
                    contribution
                
                
                -
                
                
                124,000Effect
                    of exchange rate changes on cash and cash equivalents
                
                
                1,240
                
                
                (3,000
                )**Net
                    increase/(decrease) in cash and cash equivalents**
                
                
                (101,827
                )
                
                119,446**Cash
                    and cash equivalents, beginning balance**
                
                
                119,446
                
                
                -**Cash
                    and cash equivalents, ending balance**
                
                $
                17,619
                
                $
                119,446**SUPPLEMENTAL
                    DISCLOSURES:**Cash
                    paid during the year for:Income
                    tax payments
                
                $
                0
                
                $
                -Interest
                    payments
                
                $
                157
                
                $
                0
  The
          accompanying notes are an integral part of these consolidated financial
          statements.
   F-6
   
  **ARTCRAFT
                    V, INC. AND SUBSIDIARIES****CONSOLIDATED
                    STATEMENT OF STOCKHOLDERS' EQUITY****FOR
                    THE YEARS ENDED DECEMBER 31, 2005 AND****FOR
                    THE PERIOD FROM INCEPTION (FEBRUARY 24, 2004) THROUGH DECEMBER
                    31,
                    2004****Additional**
                
                **Other**
                
                
                
                **Retained
                    Earnings**
                
                **Total****Common
                    Stock**
                
                **Shares
                    to be**
                
                **Paid-In**
                
                **Comprehensive**
                
                **Subscription**
                
                **(Accumulated**
                
                **Stockholders'****Shares**
                
                **Amount**
                
                **issued**
                
                **Capital**
                
                **Loss**
                
                **Receivable**
                
                **Deficit)**
                
                **Equity****Balance
                    January 1, 2004**
                
                
                -
                
                $
                -
                
                $
                -
                
                $
                -
                
                $
                -
                
                $
                -
                
                $
                -
                
                $
                -Capital
                    contribution
                
                
                10,000,000
                
                
                10,000
                
                
                -
                
                
                76,800
                
                
                -
                
                
                -
                
                
                -
                
                
                86,800Net
                    loss for the year ended December 31, 2004
                
                
                -
                
                
                -
                
                
                -
                
                
                -
                
                
                -
                
                
                -
                
                
                (877
                )
                
                (877
                )**Balance
                    December 31, 2004**
                
                
                10,000,000
                
                
                10,000
                
                
                -
                
                
                76,800
                
                
                -
                
                
                -
                
                
                (877
                )
                
                85,923Changes
                    due to recapitalization
                
                
                100,000
                
                
                100
                
                
                -
                
                
                (34,100
                )
                
                -
                
                
                -
                
                
                -
                
                
                (34,000
                )Shares
                    to be issued
                
                
                -
                
                
                -
                
                
                60,000
                
                
                -
                
                
                -
                
                
                (60,000
                )
                
                -
                
                
                -Stock
                    subscription receivable
                
                
                -
                
                
                -
                
                
                -
                
                
                -
                
                
                -
                
                
                (50,000
                )
                
                -
                
                
                (50,000
                )Foreign
                    currency translation adjustments
                
                
                -
                
                
                -
                
                
                -
                
                
                -
                
                
                (38
                )
                
                -
                
                
                -
                
                
                (38
                )Net
                    loss for the year ended December 31, 2005
                
                
                -
                
                
                -
                
                
                -
                
                
                -
                
                
                -
                
                
                -
                
                
                (1,781
                )
                
                (1,781
                )**Balance
                    December 31, 2005**
                
                
                10,100,000
                
                $
                10,100
                
                $
                60,000
                
                $
                42,700
                
                $
                (38
                )
                $
                (110,000
                )
                $
                (2,658
                )
                $
                104
   The
          accompanying notes are an integral part of these consolidated financial
          statements.
  F-7
    **ARTCRAFT
          V, INC. AND SUBSIDIARIES**
 **CONSOLIDATED
          FINANCIAL STATEMENTS**
 **DECEMBER
          31, 2005**
  **Note
          1 -** **ORGANIZATION**
  Artcraft
          V, Inc. was incorporated under the laws of the State of Delaware on June
          7,
          2004. On November 7, 2005, the Company entered into an Exchange Agreement
          with
          Top Interest International Limited (“Top Interest”). Top Interest owns 70%
          equity interest of Shenzhen Xin Kai Yuen Info Consult Co., Ltd. (“188.com”)
          which operates 188info.com, a professional information searching platform
          that
          is engaged in the business of providing information search engine, online
          web
          application and image designing, digital network service, online market
          research, online promotion and advertising services, and query searches
          for both
          individuals and businesses.. Top Interest was incorporated under the laws
          of the
          British Virgin Islands. 188.com was legally established under the laws
          of the
          People’s Republic of China. When used in these notes, the terms “Company”, “we”,
“our” or “us” mean Artcraft V, Inc. and its subsidiaries.
  The
              exchange of shares with Top Interest has been accounted for as a reverse
              acquisition under the purchase method of accounting since the stockholders
              of
              the Top Interest obtained control of the consolidated entity. Accordingly,
              the
              transaction has been recorded as a recapitalization of Top Interest,
              with Top
              Interest being treated as the continuing entity. The historical financial
              statements presented are those of Top Interest. The continuing company
              has
              retained December 31 as its fiscal year end. As Top Interest’s date of inception
              is February 24, 2004, the date of inception of the continuing entity
              is February
              24, 2004.
  Pursuant
          to the Stock Purchase and Share Exchange Agreement, the Company purchased
          all of
          the issued and outstanding shares of Top Interest form the shareholders
          for
          issuance of a total of 10,000,000 shares of the Company’s common stock, or
          approximately 99% of the total issued and outstanding shares. This transaction
          closed on November 7, 2005 and has been accounted for as a reverse
          acquisition.
  **Note
          2 -** **SUMMARY
          OF SIGNIFICANT ACCOUNTING POLICIES**
  Basis
          of Presentation
  The
          accompanying consolidated financial statements have been prepared in conformity
          with accounting principles generally accepted in the United States of America.
          The Company’s functional currency is the Chinese Renminbi; however the
          accompanying consolidated financial statements have been translated and
          presented in United States Dollars.
  Principles
          of Consolidation
 The
          consolidated financial statements include the accounts of Artcraft V, Inc.
          and
          its wholly owned subsidiary Top Interest International and majority owned
          subsidiary Shenzhen Xin Kai Yuen Info Consult Co., Ltd., collectively referred
          to within as the Company. All material intercompany accounts, transactions
          and
          profits have been eliminated in consolidation.
  Exchange
          Gain (Loss):
  During
          the year ended December 31, 2005 and 2004, the transactions of Shenzhen
          were
          denominated in foreign currency and were recorded in Chinese Yuan Renminbi
          (CNY)
          at the rates of exchange in effect when the transactions occur. Exchange
          gains
          and losses are recognized for the different foreign exchange rates applied
          when
          the foreign currency assets and liabilities are settled.
  Translation
          Adjustment
 As
          of
          December 31, 2005 and 2004, the accounts of Shenzhen were maintained, and
          its
          financial statements were expressed, in Chinese Yuan Renminbi (CNY). Such
          financial statements were translated into U.S. Dollars (USD) in accordance
          with
          Statement of Financial Accounts Standards (“SFAS”) No. 52, “Foreign Currency
          Translation,” with the CNY as the functional currency. According to the
          Statement, all assets and liabilities were translated at the current exchange
          rate, stockholder’s equity are translated at the historical rates and income
          statement items are translated at the average exchange rate for the period.
          The
          resulting translation adjustments are reported under other comprehensive
          income
          in accordance with SFAS No. 130, “Reporting Comprehensive Income” as a component
          of shareholders’ equity.
   F-8
 
 
   **ARTCRAFT
          V, INC. AND SUBSIDIARIES**
 **CONSOLIDATED
          FINANCIAL STATEMENTS**
 **DECEMBER
          31, 2005**
  **Note
          2 -** **SUMMARY
          OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)**
  Use
          of
          Estimates
  The
          preparation of financial statements in conformity with generally accepted
          accounting principles 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 revenues and expenses during the reporting period.
          Actual results could differ from those estimates.
  Risks
          and Uncertainties
 The
          Company is subject to substantial risks from, among other things, intense
          competition associated with the industry in general, other risks associated
          with
          financing, liquidity requirements, rapidly changing customer requirements,
          limited operating history, foreign currency exchange rates and the volatility
          of
          public markets.
  Contingencies
 Certain
          conditions may exist as of the date the financial statements are issued,
          which
          may result in a loss to the Company but which will only be resolved when
          one or
          more future events occur or fail to occur. The Company’s management and legal
          counsel assess such contingent liabilities, and such assessment inherently
          involves an exercise of judgment. In assessing loss contingencies related
          to
          legal proceedings that are pending against the Company or unasserted claims
          that
          may result in such proceedings, the Company’s legal counsel evaluates the
          perceived merits of any legal proceedings or unasserted claims as well
          as the
          perceived merits of the amount of relief sought or expected to be
          sought.
  If
          the
          assessment of a contingency indicates that it is probable that a material
          loss
          has been incurred and the amount of the liability can be estimated, then
          the
          estimated liability would be accrued in the Company’s financial statements. If
          the assessment indicates that a potential material loss contingency is
          not
          probable but is reasonably possible, or is probable but cannot be estimated,
          then the nature of the contingent liability, together with an estimate
          of the
          range of possible loss if determinable and material would be disclosed.
  Loss
          contingencies considered to be remote by management are generally not disclosed
          unless they involve guarantees, in which case the guarantee would be
          disclosed.
  Cash
          and Cash Equivalents
  Cash
          and
          cash equivalents include cash in hand and cash in time deposits, certificates
          of
          deposit and all highly liquid debt instruments with original maturities
          of three
          months or less.
   F-9
     **ARTCRAFT
          V, INC. AND SUBSIDIARIES**
 **CONSOLIDATED
          FINANCIAL STATEMENTS**
 **DECEMBER
          31, 2005**
  **Note
          2 -** **SUMMARY
          OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED** **)**
  Property,
          Plant & Equipment
  Property
          and equipment are stated at cost. Expenditures for maintenance and repairs
          are
          charged to earnings as incurred; additions, renewals and betterments are
          capitalized. When property and equipment are retired or otherwise disposed
          of,
          the related cost and accumulated depreciation are removed from the respective
          accounts, and any gain or loss is included in operations. Depreciation
          of
          property and equipment is provided using the straight-line method for
          substantially all assets with estimated lives of:
  Furniture
                    and
                    Fixtures
                5
                    yearsAutomobile
                5
                    yearsComputer
                    Hardware and Software
                5
                    years
  As
          of
          December 31, 2005 Property, Plant & Equipment consist of the
          following:
  Automobile
                
                $
                10,813Office
                    equipment
                
                
                18,80729,620Accumulated
                    depreciation
                
                
                (3,503
                )$
                26,117
  Intangible
          Assets
  Intangible
          assets consist of software for information search engine and, online web
          application. The Company evaluates intangible assets for impairment, at
          least on
          an annual basis and whenever events or changes in circumstances indicate
          that
          the carrying value may not be recoverable from its estimated future cash
          flows.
          Recoverability of intangible assets, other long-lived assets and, goodwill
          is
          measured by comparing their net book value to the related projected undiscounted
          cash flows from these assets, considering a number of factors including
          past
          operating results, budgets, economic projections, market trends and product
          development cycles. If the net book value of the asset exceeds the related
          undiscounted cash flows, the asset is considered impaired, and a second
          test is
          performed to measure the amount of impairment loss.
   F-10
   **ARTCRAFT
          V, INC. AND SUBSIDIARIES**
 **CONSOLIDATED
          FINANCIAL STATEMENTS**
 **DECEMBER
          31, 2005**
  **Note
          2 -** **SUMMARY
          OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED** **)**
  As
          of December 31,
          2005 Intangible Assets consist of the following:
  Software
                
                $
                12,00312,003Accumulated
                    amortization
                
                
                (1,200
                )$
                10803
  Long-Lived
          Assets
  Effective
          January 1, 2002, the Company adopted Statement of Financial Accounting
          Standards
          No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets” (“SFAS
          144”), which addresses financial accounting and reporting for the impairment
          or
          disposal of long-lived assets and supersedes SFAS No. 121, “Accounting for the
          Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed
          Of,”
and the accounting and reporting provisions of APB Opinion No. 30, “Reporting
          the Results of Operations for a Disposal of a Segment of a Business.” The
          Company periodically evaluates the carrying value of long-lived assets
          to be
          held and used in accordance with SFAS 144. SFAS 144 requires impairment
          losses
          to be recorded on long-lived assets used in operations when indicators
          of
          impairment are present and the undiscounted cash flows estimated to be
          generated
          by those assets are less than the assets’ carrying amounts. In that event, a
          loss is recognized based on the amount by which the carrying amount exceeds
          the
          fair market value of the long-lived assets. Loss on long-lived assets to
          be
          disposed of is determined in a similar manner, except that fair market
          values
          are reduced for the cost of disposal. Based on its review, the Company
          believes
          that, as of December 31, 2005 there were no significant impairments of
          its
          long-lived assets.
  Fair
          Value of Financial Instruments
  Statement
          of financial accounting standard No. 107, Disclosures about fair value
          of
          financial instruments, requires that the Company disclose estimated fair
          values
          of financial instruments. The carrying amounts reported in the statements
          of
          financial position for current assets and current liabilities qualifying
          as
          financial instruments are a reasonable estimate of fair value.
  Revenue
          Recognition
  The
          Company’s revenue recognition policies are in compliance with Staff accounting
          bulletin (SAB) 104. Revenue from marketing services through world wide
          web is
          recognized when services are rendered. Payments received before all of
          the
          relevant criteria for revenue recognition are satisfied are recorded as
          deferred
          revenue.
   F-11
 
 **ARTCRAFT
          V, INC. AND SUBSIDIARIES**
 **CONSOLIDATED
          FINANCIAL STATEMENTS**
 **DECEMBER
          31, 2005**
  **Note
          2 -** **SUMMARY
          OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED** **)**
  Stock-Based
          Compensation
  In
          October 1995, the FASB issued SFAS No. 123, “Accounting for Stock-Based
          Compensation”. SFAS No. 123 prescribes accounting and reporting standards for
          all stock-based compensation plans, including employee stock options, restricted
          stock, employee stock purchase plans and stock appreciation rights. SFAS
          No. 123
          requires compensation expense to be recorded (i) using the new fair value
          method
          or (ii) using the existing accounting rules prescribed by Accounting Principles
          Board Opinion No. 25, “Accounting for stock issued to employees” (APB 25) and
          related interpretations with proforma disclosure of what net income and
          earnings
          per share would have been had the Company adopted the new fair value method.
          The
          Company uses the intrinsic value method prescribed by APB 25 and has opted
          for
          the disclosure provisions of SFAS No.123. During the year ended December
          31,
          2005, the company did not grant or issue any option or warrant.
  Advertising
 Advertising
          expenses consist primarily of costs of promotion for corporate image and
          product
          marketing and costs of direct advertising. The Company expenses all advertising
          costs as incurred. The company did not incur any advertising expense during
          the
          year ended December 31, 2005.
  Income
          Taxes
  The
          Company utilizes SFAS No. 109, “Accounting for Income Taxes,” which requires the
          recognition of deferred tax assets and liabilities for the expected future
          tax
          consequences of events that have been included in the financial statements
          or
          tax returns. Under this method, deferred income taxes are recognized for
          the tax
          consequences in future years of differences between the tax bases of assets
          and
          liabilities and their financial reporting amounts at each period end based
          on
          enacted tax laws and statutory tax rates applicable to the periods in which
          the
          differences are expected to affect taxable income. Valuation allowances
          are
          established, when necessary, to reduce deferred tax assets to the amount
          expected to be realized.
  Basic
          and Diluted Earnings Per Share
  Earnings
          per share is calculated in accordance with the Statement of financial accounting
          standards No. 128 (SFAS No. 128), “Earnings per share”. SFAS No. 128 superseded
          Accounting Principles Board Opinion No.15 (APB 15). Net loss per share
          for all
          periods presented has been restated to reflect the adoption of SFAS No.
          128.
          Basic net loss per share is based upon the weighted average number of common
          shares outstanding. Diluted net loss per share is based on the assumption
          that
          all dilutive convertible shares and stock options were converted or exercised.
          Dilution is computed by applying the treasury stock method. Under this
          method,
          options and warrants are assumed to be exercised at the beginning of the
          period
          (or at the time of issuance, if later), and as if funds obtained thereby
          were
          used to purchase common stock at the average market price during the period.
  Statement
          of Cash Flows
  In
          accordance with SFAS No. 95, “Statement of Cash Flows,” cash flows from the
          Company’s operations is based upon the local currencies. As a result, amounts
          related to assets and liabilities reported on the statement of cash flows
          will
          not necessarily agree with changes in the corresponding balances on the
          balance
          sheet.
    F-12
 
  **ARTCRAFT
          V, INC. AND SUBSIDIARIES**
 **CONSOLIDATED
          FINANCIAL STATEMENTS**
 **DECEMBER
          31, 2005**
  **Note
          2 -** **SUMMARY
          OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)**
  Concentration
          of Credit Risk
  Financial
          instruments that potentially subject the Company to concentrations of credit
          risk are cash, accounts receivable and other receivables arising from its
          normal
          business activities. The Company places its cash in what it believes to
          be
          credit-worthy financial institutions. The Company has a diversified customer
          base. The Company controls credit risk related to accounts receivable through
          credit approvals, credit limits and monitoring procedures. The Company
          routinely
          assesses the financial strength of its customers and, based upon factors
          surrounding the credit risk, establishes an allowance, if required, for
          uncollectible accounts and, as a consequence, believes that its accounts
          receivable credit risk exposure beyond such allowance is limited.
  Segment
          Reporting
  Statement
          of Financial Accounting Standards No. 131 (“SFAS 131”), “Disclosure about
          Segments of an Enterprise and Related Information” requires use of the
“management approach” model for segment reporting. The management approach model
          is based on the way a company’s management organizes segments within the company
          for making operating decisions and assessing performance. Reportable segments
          are based on products and services, geography, legal structure, management
          structure, or any other manner in which management disaggregates a company.
          SFAS
          131 has no effect on the Company’s consolidated financial statements as the
          Company consists of one reportable business segment. All revenue is from
          customers in People’s Republic of China. All of the Company’s assets are located
          in People’s Republic of China.
  Recent
          accounting pronouncements
  In
          May
          2005, the FASB issued SFAS No. 154, "Accounting Changes and Error Corrections."
          This statement applies to all voluntary changes in accounting principle
          and
          requires retrospective application to prior periods' financial statements
          of
          changes in accounting principle, unless this would be impracticable. This
          statement also makes a distinction between "retrospective application"
          of an
          accounting principle and the "restatement" of financial statements to reflect
          the correction of an error. This statement is effective for accounting
          changes
          and corrections of errors made in fiscal years beginning after December
          15,
          2005.
  In
          February 2006, FASB issued SFAS No. 155, “Accounting for Certain Hybrid
          Financial Instruments”. SFAS No. 155 amends SFAS No 133, “Accounting for
          Derivative Instruments and Hedging Activities”, and SFAF No. 140, “Accounting
          for Transfers and Servicing of Financial Assets and Extinguishments of
          Liabilities”. SFAS No. 155, permits fair value remeasurement for any hybrid
          financial instrument that contains an embedded derivative that otherwise
          would
          require bifurcation, clarifies which interest-only strips and principal-only
          strips are not subject to the requirements of SFAS No. 133, establishes
          a
          requirement to evaluate interest in securitized financial assets to identify
          interests that are freestanding derivatives or that are hybrid financial
          instruments that contain an embedded derivative requiring bifurcation,
          clarifies
          that concentrations of credit risk in the form of subordination are not
          embedded
          derivatives, and amends SFAS No. 140 to eliminate the prohibition on the
          qualifying special-purpose entity from holding a derivative financial instrument
          that pertains to a beneficial interest other than another derivative financial
          instrument. This statement is effective for all financial instruments acquired
          or issued after the beginning of the Company’s first fiscal year that begins
          after September 15, 2006.
  F-13
  **ARTCRAFT
          V, INC. AND SUBSIDIARIES**
 **CONSOLIDATED
          FINANCIAL STATEMENTS**
 **DECEMBER
          31, 2005**
  **Note
          2 -** **SUMMARY
          OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)**
  In
          March
          2006 FASB issued SFAS 156 ‘Accounting for Servicing of Financial Assets’ this
          Statement amends FASB Statement No. 140, Accounting for Transfers and Servicing
          of Financial Assets and Extinguishments of Liabilities, with respect to
          the
          accounting for separately recognized servicing assets and servicing liabilities.
          This Statement:
  1.
                Requires
                    an entity to recognize a servicing asset or servicing liability
                    each time
                    it undertakes an obligation to service a financial asset by entering
                    into
                    a servicing contract.2.
                Requires
                    all separately recognized servicing assets and servicing liabilities
                    to be
                    initially measured at fair value, if practicable.3.
                Permits
                    an entity to choose ‘Amortization method’ or ‘Fair value measurement
                    method’ for each class of separately recognized servicing assets and
                    servicing liabilities.4.
                At
                    its initial adoption, permits a one-time reclassification of
                    available-for-sale securities to trading securities by entities
                    with
                    recognized servicing rights, without calling into question the
                    treatment
                    of other available-for-sale securities under Statement 115, provided
                    that
                    the available-for-sale securities are identified in some manner
                    as
                    offsetting the entity’s exposure to changes in fair value of servicing
                    assets or servicing liabilities that a servicer elects to subsequently
                    measure at fair value.5.
                Requires
                    separate presentation of servicing assets and servicing liabilities
                    subsequently measured at fair value in the statement of financial
                    position
                    and additional disclosures for all separately recognized servicing
                    assets
                    and servicing liabilities.
  This
          Statement is effective as of the beginning of the Company’s first fiscal year
          that begins after September 15, 2006. Management is in the process of evaluating
          the impact of the standard on the financial statements.
  In
          December 2004, the FASB issued FASB Statement No. 123R, "Share-Based Payment,
          an
          Amendment of FASB Statement No. 123" ("FAS No. 123R"). FAS No. 123R requires
          companies to recognize in the statement of operations the grant- date fair
          value
          of stock options and other equity-based compensation issued to employees.
          FAS
          No. 123R is effective beginning in the Company's first quarter of fiscal
          2006.
  In
          June
          2005, the EITF reached consensus on Issue No. 05-6, Determining the Amortization
          Period for Leasehold Improvements ("EITF 05-6.") EITF 05-6 provides guidance
          on
          determining the amortization period for leasehold improvements acquired
          in a
          business combination or acquired subsequent to lease inception. The guidance
          in
          EITF 05-6 will be applied prospectively and is effective for periods beginning
          after June 29, 2005. EITF 05-6 is not expected to have a material effect
          on its
          consolidated financial position or results of operations.
  **Note
          3-    N** **OTE
          RECEIVABLE**
  Other
          receivable includes unsecured cash loan of $71,300 to an ex shareholder.
          Interest of $1,063 for the year ended December 31, 2005 has been accrued
          on the
          loan at the prevailing bank rate of 5.52% per China Renmin Bank. The loan
          is due
          on November 10, 2006.
   F-14
 
  **ARTCRAFT
          V, INC. AND SUBSIDIARIES**
 **CONSOLIDATED
          FINANCIAL STATEMENTS**
 **DECEMBER
          31, 2005**
  **Note
          4 -** **RELATED
          PARTY TRANSACTIONS**
  Throughout
          the history of the Company, certain members of the Board of Directors and
          general management have made loans to the Company to cover operating expenses
          or
          operating deficiencies. As of December 31, 2005, the Company has non
          interest-bearing, unsecured and due on demand note payable to former
          shareholders of 188.com in the amount of $84,000.
  **Note
          5 -** **COMMON
          STOCK**
  On
          May
          17, 2005, the Company issued 150,000 shares of common stock to individuals
          for
          subscriptions receivable of $60,000 ($0.40 per share). However, the physical
          certificates were not issued as the company is still waiting for the SB-2
          to
          become effective.
  On
          November 7, 2005, the Company issued 10,000,000 shares of common stock
          at par of
          $0.001 per share for purchase all of the issued and outstanding shares
          of Top
          Interest from its shareholders.
  **Note
          6 -** **STOCK** ****** **EXCHANGE
          AGREEMENT**
  On
          November 7, 2005, the Company entered into an Exchange Agreement with Top
          Interest, a company incorporated under the laws of the British Virgin Islands.
          Top Interest owns 70% of equity interest of 188.com which is incorporated
          under
          the laws of the People’s Republic of China, and is engaged in the business of
          providing information search engine, online web application and image designing,
          digital network service, online market research, online promotion and
          advertising services, and query searches for both individuals and
          businesses.
  Pursuant
          to the Stock Purchase and Share Exchange Agreement, the Company purchased
          all of
          the issued and outstanding shares of Top Interest form the shareholders
          for
          issuance of a total of 10,000,000 shares of the Company’s common stock, or
          approximately 99% of the total issued and outstanding shares. This transaction
          closed on November 7, 2005.
  As
          a
          result of the exchange agreement, the reorganization was treated as an
          acquisition by the accounting acquiree that is being accounted for as a
          recapitalization and as a reverse merger by the legal acquirer for accounting
          purposes. Pursuant to the recapitalization, all capital stock shares and
          amounts
          and per share data have been retroactively restated. Accordingly, the financial
          statements include the following:
  (1)
          The
          balance sheet consists of the net assets of the accounting acquirer at
          historical cost and the net assets of the legal acquirer at historical
          cost.
  (2)
          The
          statements of operations include the operations of the accounting acquirer
          for
          the period presented and the operations of the legal acquirer from the
          date of
          the merger.
  **Note
          7 -** **INCOME
          TAXES**
  The
          Company through its subsidiary, Shenzhen, is governed by the Income Tax
          Laws of
          the PRC. Operations in the United States of America have incurred net
          accumulated operating losses for income tax purposes. The Company believes
          that
          it is more likely than not that these net accumulated operating losses
          will not
          be utilized in the future and hence the Company has not recorded any deferred
          assets as of December 31, 2005.
     F-15
  **ARTCRAFT
          V, INC. AND SUBSIDIARIES**
 **CONSOLIDATED
          FINANCIAL STATEMENTS**
 **DECEMBER
          31, 2005**
  **Note
          7 -** **INCOME
          TAXES-CONTINUED**
  Pursuant
          to the PRC Income Tax Laws, the Enterprise Income Tax (“EIT”) is at a statutory
          rate of 33%, which is comprises of 30% national income tax and 3% local
          income
          tax.
  Current
                
                $
                0
                
                $
                0
                
                $
                0
                
                $
                0Deferred
                
                
                -
                
                
                -
                
                
                -
                
                
                -Total
                
                $
                0
                
                $
                0
                
                $
                0
                
                $
                012/31/2004
                
                
                U.S.
                
                
                State
                
                
                International
                
                
                TotalCurrent
                
                $
                0
                
                $
                0
                
                $
                0
                
                $
                0Deferred
                
                
                -
                
                
                -
                
                
                -
                
                
                -Total
                
                $
                0
                
                $
                0
                
                $
                0
                
                $
                0Reconciliation
                    of the differences between the statutory U.S. Federal income
                    tax
                    rateand
                    the effective rate is as follows:12/31/2005
                
                
                12/31/2004US
                    statutory tax rate
                
                
                -34
                %
                
                -34
                %Tax
                    rate difference
                
                
                1
                %
                
                1
                %Valuation
                    allowance
                
                
                33
                %
                
                33
                %
  **Note
          8 -** **STATUTORY
          RESERVE**
  In
          accordance with the laws and regulations of the PRC, after the payment
          of the
          PRC income taxes shall be allocated to the statutory surplus reserves and
          statutory public welfare fund for staff and workers. The proportion of
          allocation for reserve is 5 to 10 percent of the profit after tax until
          the
          accumulated amount of allocation for statutory reserve reaches 50 percent
          of the
          registered capital. Statutory surplus reserves are to be utilized to offset
          prior years’ losses, or to increase its share capital.
  General
          reserve fund and statutory surplus fund are restricted for set off against
          losses, expansion of production and operation or increase in register capital
          of
          the respective company. Statutory public welfare fund is restricted to
          the
          capital expenditures for the collective welfare of employees. These reserves
          are
          not transferable to the Company in the form of cash dividends, loans or
          advances. These reserves are therefore not available for distribution except
          in
          liquidation. As of December 31, 2005, the Company had no reserves to these
          non-distributable reserve funds since it had no income from operations.
  F-16
  **ARTCRAFT
          V, INC. AND SUBSIDIARIES**
 **CONSOLIDATED
          FINANCIAL STATEMENTS**
 **DECEMBER
          31, 2005**
  **Note
          9 -** **OTHER
          COMPREHENSIVE LOSS**
  Accumulated
          other comprehensive loss, included in stockholders’ equity, at December 31, 2005
          represents loss on translation of foreign currency financial statements
          of $38.
  **Note
          10 -** **CURRENT
          VULNERABILITY DUE TO RISK FACTORS**
  Two
          customers accounted for 12.9% and 10.17% sales of the Company. There were
          no
          receivables due from them as of December 31, 2005.
  The
          Company’s operations are carried out in the PRC. Accordingly, the Company’s
          business, financial condition and results of operations may be influenced
          by the
          political, economic and legal environments in the PRC, by the general state
          of
          the PRC’s economy. The Company’s business may be influenced by changes in
          governmental policies with respect to laws and regulations, anti-inflationary
          measures, currency conversion and remittance abroad, and rates and methods
          of
          taxation, among other things.
  **Note
          11 -** **GOING
          CONCERN**
  As
          reflected in the accompanying financial statements, the Company sustained
          a loss
          during 2005 and 2004. This raises substantial doubt about its ability to
          continue as a going concern. The ability of the Company to continue as
          a going
          concern is dependent on the Company’s ability to raise additional capital and
          implement its business plan. The financial statements do not include any
          adjustments that might be necessary if the Company is unable to continue
          as a
          going concern.
  Management
          has taken the following steps to revise its operating and financial
          requirements, which it believes are sufficient to provide the Company with
          the
          ability to continue as a going concern. Management devoted considerable
          effort
          from inception through the year ended December 31, 2005, towards obtaining
          additional equity and management of accrued expenses and accounts
          payable.
  Management
          believes that actions presently being taken to obtain additional funding
          and
          implement its strategic plans provide the opportunity for the Company to
          continue as a going concern.