UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549

                                 FORM 10-KSB/A1

                                   (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         (I.R.S. Employer Identification Number)
 incorporation or organization)

          Baimang Checking Station 1st Building                 518000
        South Mountain Xili Town, Shenzhen, China
         (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)



<PAGE>


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 April 13, 2006 the Company had 10,250,000 shares of common stock
outstanding.


<PAGE>

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.




<PAGE>


                                ARTCRAFT V, INC.

                                TABLE OF CONTENTS
<TABLE>

<S>                                                                                                     <C>
PART I...................................................................................................1
   ITEM 1. DESCRIPTION OF BUSINESS.......................................................................1
   ITEM 2. DESCRIPTION OF PROPERTY......................................................................11
   ITEM 3. LEGAL PROCEEDINGS............................................................................11
   ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS..........................................11
PART II.................................................................................................12
   ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.....................................12
   ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION....................................13
   ITEM 7. FINANCIAL STATEMENTS.........................................................................16
   ITEM 8. CHANGE IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE..........16
   ITEM 8A.CONTROLS AND PROCEDURES......................................................................17
PART III................................................................................................18
   ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE WITH SECTION 16(a)
           OF THE EXCHANGE ACT .........................................................................18
   ITEM 10.EXECUTIVE COMPENSATION.......................................................................19
   ITEM 11.SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT...............................19
   ITEM 12.CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS...............................................20
   ITEM 13:EXHIBITS AND REPORTS ON FORM 8-K.............................................................20
   ITEM 14:PRINCIPAL ACCOUNTANT FEES AND SERVICES.......................................................20
SIGNATURES..............................................................................................21

</TABLE>


<PAGE>


                                     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 adopted a rapid development plan and 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 industries
     o           Establishment of a community information service in Shenzhen
                 by cooperating with communities
     o           Publication of "yellow pages" in Shenzhen


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.

                                                                           06-07
                                       2005      2006      2007   CAGR
                                       -------------------------------
Internet Users (in millions)           133      166      205      24.2%


Source: iResearch: China Internet Search Market Report 2004



<PAGE>


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.

<TABLE>
<CAPTION>

                                        2002     2003    2004    2005   2006   2007     06-07
                                                                                        CAGR
<S>                                       <C>      <C>     <C>    <C>    <C>    <C>     <C>
Internet Search Users (in millions)       38       56      83     115    149    187     27.5  %
</TABLE>

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.

<TABLE>
                                                                                             06-07
                                           2002     2003    2004    2005    2006    2007     CAGR
<S>                                        <C>      <C>     <C>     <C>     <C>     <C>     <C>
Total 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  %
</TABLE>

(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.



<PAGE>


<TABLE>
<CAPTION>

(% of Online Marketing Revenues)          2002      2003      2004      2005      2006
-----------------------------------------------------------------------------------------
<S>                                       <C>       <C>       <C>       <C>       <C>
Paid 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 %


</TABLE>

Source: iResearch: China Internet Search Market Report 2004

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      2006
--------------------------------------------------------------------------------
Pay-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   %

                                                   - 4 -
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



<PAGE>


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 developed 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.

Local Market Experience and Expertise. We have developed a significant
understanding of the needs and preferences of our users and customers in China.
We have expertise in developing 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.


<PAGE>



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 develop and 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.

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;


<PAGE>



     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 developing 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 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 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.



<PAGE>


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).

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.



<PAGE>


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 will 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 will 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:

*     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.



<PAGE>


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. 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.

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.

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.



<PAGE>


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. 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.


<PAGE>



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 April 13, 2006, 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.


<PAGE>


                                     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 April 13, 2006 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.

       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.


<PAGE>



       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:

<TABLE>
<CAPTION>
                                       (a) (b) (c)
                             -----------------       -----------------        -----------------
                              Number of securities       Weighted-average        Number of securities
                                to be issued upon       exercise price of       remaining available for
                                   exercise of         outstanding options,      future issuance under
                              outstanding options,     warrants and rights     equity compensation plans
                               warrants and rights                               (excluding securities
                                                                               reflected in column (a))

<S>                          <C>
     Equity compensation     None
     Plans approved by
     Security holders

     Equity compensation     None
     Plans not approved
     By security holders
     Total

</TABLE>



<PAGE>


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.

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 adopted a rapid development plan and 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.

During the past year, our operations have been devoted primarily to developing a
business plan, developing and designing our website, preparing to bring the
website online and raising capital for future operations and administrative
functions. We are 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.





<PAGE>


Plan of Operation:
------------------

We intend to grow through internal development and strategic alliances. Because
of uncertainties surrounding our development and limited operating history, we
anticipate incurring development stage 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.

During the next twelve months, we expect to take the following steps to develop
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.

The next stage of web development will focus on marketing and promoting 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 2006 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.


<PAGE>



Employees

As of April 13, 2006, we have 10 full time employees located in China. We intend
to hire and train additional staff, including management, marketing staff, and
administrative personnel. We anticipate hiring a minimum of 10 employees in the
next twelve months, beginning in early 2006. 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.
                                               2005               2004
                                               ----               ----
Sales, net                              $      20,494      $     9,580
Cost  of sales                                      0                0
General and Administrative Expense             24,131           10,905

Income (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.


<PAGE>



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.

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.



<PAGE>


On January 4, 2006, we elected to change our fiscal year end to December 31st
based on the fiscal year end of our operating subsidiary.

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.


<PAGE>





<PAGE>


                                                                        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.

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.


<PAGE>



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.

                           SUMMARY COMPENSATION TABLE
<TABLE>

                                                    Annual Compensation                  Long-Term Compensation
Name and Principal Position     Year      Salary      Bonus    Other Annual     Restricted    Securities
                                                               Compensation     Stock         Underlying Options
                                                                                Award(s)

<S>                               <C>    <C>              <C>      <C>              <C>           <C>
Li Te Xiao                        2005   $0               0        0                0             0
President, Chief Executive      Interim
Officer, Chief Financial         Period
Officer and Director
                                  2005   $0               0        0                0             0
                                  2004   $0               0        0                0             0

</TABLE>

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.


<PAGE>



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:

Name and Address of                       Amount and Nature of     Percent of
Beneficial Owner                          Beneficial Ownership      Class (1)
----------------                          --------------------      ---------

Top Interest International Limited (2)       10,000,000             97.65%
Baimang Checking Station
1st Building South
Mountain Xili Town
Shenzhen, China

Li Te Xiao                                       36,000               .35%
Baimang Checking Station
1st Building South
Mountain Xili Town
Shenzhen, China
Officers and Directors as a Group (1             36,000               .35%
person)

(1) Based on 10,250,000 shares of common stock issued and outstanding as of
April 13, 2006. (2) Xu Zhu Da is the beneficial owner of Top Interest
International Limited.

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             Securities purchase Agreement with Top Interest
                        International Limited (1)
         14             Code of Ethics
         21             List of Subsidiaries (1)
         31             Certification
         32             Certification

(1) Filed with Form SB-2 registration statement on January 13, 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



<PAGE>


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.


<PAGE>


                                   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:        October 17, 2006


<PAGE>


                       ARTCRAFT V, INC. AND SUBSIDIARIES

                        CONSOLIDATED FINANCIAL STATEMENTS

                                DECEMBER 31, 2005






<PAGE>

                                TABLE OF CONTENTS








Report of Independent Registered Public Accounting Firm                2

Consolidated Balance Sheet                                             3

Consolidated Statements of Operations                                  4

Consolidated Statements of Cash Flow                                   5

Consolidated Statements of Changes in Stockholders' Equity             6

Notes to Consolidated Financial Statements                             7


<PAGE>

             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

<PAGE>

<TABLE>


                              ARTCRAFT V, INC. AND SUBSIDIARIES
                                  CONSOLIDATED BALANCE SHEET
                                      December 31, 2005

                                            ASSETS

     Current Assets
<S>                                                               <C>
           Cash and cash equivalents                              $           17,619
           Other receivables                                                     244
           Note receivable                                                    72,364
                                                                      ---------------
                   Total 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                  $            4,916
           Loan payable to related party                                      84,000
           Deferred revenue                                                    2,067
                                                                      ---------------
                  Total Current Liabilities                                   90,983
                                                                      ---------------

           Minority Interest                                                  36,060
                                                                      ---------------

     Stockholders' Equity

           Common stock, $.001 par value, 100,000,000
           shares authorized, 10,100,000 issued and outstanding               10,100
           Shares to be issued, 150,000 shares of common stock                60,000
           Additional paid in capital                                         42,700
           Subscription receivable                                          (110,000)
           Other accumulated comprehensive loss                                  (38)
           Accumulated deficit                                                (2,658)
                                                                      ---------------
                 Total Stockholders' Equity                                      104
                                                                      ---------------

                                                                  $          127,147
                                                                      ===============

</TABLE>



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

<PAGE>


<TABLE>


                        ARTCRAFT V, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                 FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004



                                                                          2005                          2004
                                                                 -----------------------       -----------------------

<S>                                                          <C>                            <C>
Revenue, net                                                 $                   20,494     $                   9,580
                                                                 -----------------------       -----------------------

General and administrative expenses                                              24,131                        10,905
                                                                 -----------------------       -----------------------

                               Loss from operations                              (3,637)                       (1,325)
                                                                 -----------------------       -----------------------

Other (Income) Expense
                               Interest 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
                                                                 =======================       =======================
</TABLE>


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.


<PAGE>

<TABLE>

                        ARTCRAFT V, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                 FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004

<CAPTION>
                                                                                  2005                   2004
                                                                             ---------------        ----------------

CASH FLOWS FROM OPERATING ACTIVITIES
<S>                                                                      <C>                    <C>
           Net Loss                                                      $           (1,781)     $             (856)
           Adjustments to reconcile net loss to net cash
           provided by (used in) operating activities:
           Depreciation & amortization                                                4,437                     335
           Minority 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                   2,653
              Deferred revenue                                                        1,777                     257
                                                                             ---------------        ----------------
           Total 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                                                           -                 124,000
                                                                             ---------------        ----------------

           Effect 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                                      $                -     $                 -
                                                                             ===============        ================

                Interest payments                                        $              157     $                 -
                                                                             ===============        ================

</TABLE>

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




<PAGE>

<TABLE>

                        ARTCRAFT V, INC. AND SUBSIDIARIES
                 CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
                 FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004

<CAPTION>

                                                                                                               Retained      Total
                                                          Shares to    Additional     Other                    Earnings      Stock-
                                      Common Stock           be        Paid-In    Comprehensive Subscription (Accumulated   holders'
                                   Shares      Amount      issued      Capital        Loss      Receivable     Deficit)     Equity
                                 ----------  ----------  ----------  ----------   ----------   ----------   ----------   ----------
<S>                              <C>         <C>         <C>         <C>          <C>          <C>          <C>          <C>
Balance January 1, 2004                  --  $       --  $       --  $       --   $       --   $       --   $       --   $       --


Capital contribution             10,000,000      10,000          --      76,800           --           --           --       86,800

Net loss for the year ended
December 31, 2004                        --          --          --          --           --           --         (877)        (877)
                                 ----------  ----------  ----------  ----------   ----------   ----------   ----------   ----------


 Balance December 31, 2004       10,000,000      10,000          --      76,800           --           --         (877)      85,923


Changes 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
                                 ==========  ==========  ==========  ==========   ==========   ==========   ==========   ==========

</TABLE>


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



<PAGE>


                        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.

         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.


<PAGE>

                        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.



<PAGE>


                        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 years
               Automobile                            5 years
               Computer Hardware and Software        5 years

         As of December 31, 2005 Property, Plant & Equipment consist of the
         following:


         Automobile                     $           10,813
         Office equipment                           18,807
                                                    29,620
                                      --------------------
         Accumulated 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.


<PAGE>

                        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                       $              12,003
                                           ------------------
                                                       12,003

         Accumulated amortization                      (1,200)
                                           ------------------

                                        $              10,803
                                           ==================

         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.


<PAGE>


                        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.

<PAGE>

                        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.




<PAGE>


                        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 - NOTE 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.


<PAGE>


                        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.


<PAGE>

                        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.
<TABLE>
<CAPTION>

<S>                                     <C>              <C>               <C>          <C>
         Current                        $0               $0                $0           $0

         Deferred                        -                -  -                           -
                             -------------     ------------ ----------------- ------------
         Total                          $0               $0                $0           $0
                             =============     ============ ================= ============

         12/31/2004               U.S.             State      International       Total
                             -------------     ------------ ----------------- ------------
         Current                        $0               $0                $0           $0

         Deferred                        -                -                 -            -
                             -------------     ------------ ----------------- ------------
         Total                          $0               $0                $0           $0
                             =============     ============ ================= ============
</TABLE>

Reconciliation of the differences between the statutory U.S. Federal income tax
rate and the effective rate is as follows:

                                            12/31/2005       12/31/2004
                                           -------------     ------------

         US 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.


<PAGE>

                        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.