UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


WASHINGTON,
D.C. 20549









FORM
10-Q










            QUARTERLY
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934




For
the quarterly period ended September 30, 2009





            TRANSITION
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934





For the transition period from
______to______.




ARTCRAFT
V, INC.


(Exact
name of registrant as specified in Charter)




Delaware
                    
                    000-50818
                    
                    26-0744863(State
      or other jurisdiction of
                      incorporation
      or organization)
                    
                    (Commission
      File No.)
                    
                    (IRS
      Employee Identification
No.)





Room
1131, XianKeJiDian Building


BaGuaSi
Road Futian District


Shenzhen
City, China 518029


(Address
of Principal Executive Offices)







011-86775
23990959


(Issuer
Telephone number)





(Former
Name or Former Address if Changed Since Last Report)




Check
whether the issuer (1) has filed all reports required to be filed by Section 13
or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter
period that the issuer was required to file such reports), and (2)has been
subject to such filing requirements for the past 90 days. Yes   No






Indicate by check mark whether the
registrant has submitted electronically and posted on its corporate Web site, if
any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation
S-T (§232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the registrant was required to submit and post such
files).Yes ̈No 







Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer or a smaller reporting company
filer.  See definition of “accelerated filer” and “large accelerated
filer” in Rule 12b-2 of the Exchange Act (Check one):





Large
      Accelerated Filer  o
              Accelerated
      Filer  oNon-Accelerated
      Filer  o
              Smaller
      Reporting Company  x





1


Indicate
by check mark whether the registrant is a shell company as defined in Rule 12b-2
of the Exchange Act.


Yes 
x  No 
o




As of
November 4, 2009 the Company had 10,250,000 shares of common stock
outstanding.










ARTCRAFT
V, INC.


FORM
10-Q


September
30, 2009


INDEX




PART
I-- FINANCIAL INFORMATION




Item
      1.
                Financial
      Statements
                3Item
      2.
                Management’s
      Discussion and Analysis of Financial Condition
                3Item
      3
                Quantitative
      and Qualitative Disclosures About Market Risk
                6Item
      4T.
                Control
      and Procedures
                7




PART
II-- OTHER INFORMATION




Item
      1
                Legal
      Proceedings
                8Item
      1A.
                Risk
      Factors
                8Item
      2.
                Unregistered
      Sales of Equity Securities and Use of Proceeds
                8Item
      3.
                Defaults
      Upon Senior Securities
                8Item
      4.
                Submission
      of Matters to a Vote of Security Holders
                8Item
      5.
                Other
      Information
                8Item
      6.
                Exhibits
                8




SIGNATURE




2




ITEM
1. FINANCIAL INFORMATION





The
financial statements of the Company are included following the signature page of
this Form 10-Q.





ITEM
2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.





BUSINESS
OVERVIEW




Artcraft
V, Inc. was incorporated under the laws of the State of Delaware on September 7,
2004. On November 7, 2005, the Company entered into a Stock Purchase and Share
Exchange Agreement (“Share Exchange”) with Top Interest International Limited
(“Top Interest”). Top Interest owned 70% equity interest of Shenzhen Xin Kai
Yuan Info Consult Co., Ltd. (“188info.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.
188info.com was legally established under the laws of the People’s Republic of
China (“PRC”). When used in these notes, the terms “Company”, “we”, “our” or
“us” mean Artcraft V, Inc. and its subsidiaries.




Pursuant
to the Share Exchange, the Company purchased all of the issued and outstanding
shares of Top Interest from 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.




We
operated our business through our wholly owned subsidiary, Top Interest
International Limited, which owned a 70% interest in 188info.com, which operates
"188Info" service in the PRC.




On
September 22, 2008 the Company’s board of directors agreed to sell the Company’s
70% interest in 188info.com in order to protect their shareholders, as
“188info.com” continued to generate operating losses and negative cash flow. The
Company entered into an agreement with Shenzhen Dingyi Investment Consulting
Company Co., Ltd on September 22, 2008 to sell them its 70% interest in
188info.com for $0.15 (Chinese Renminbi 1) and the assumption of all assets and
liabilities of 188info.com. The transaction was completed and approved by the
PRC on October 17, 2008.




Due to
the sale of 188info.com we do not expect to generate any revenues over the next
twelve months. Our principal business objective for the next twelve months will
be to seek, investigate and, if such investigation warrants, engage in a
business combination with a private entity whose business presents an
opportunity for our shareholders.




During
the next twelve months we anticipate incurring costs related to filing of
Exchange Act reports, general administrative costs and costs relating to
consummating an acquisition, if an acquisition is to be pursued. We believe we
will be able to meet these costs through  loans by  our
stockholders, management or other outside investors. We have no specific plans,
understandings or agreements with respect to the raising of such funds, and we
may seek to raise the required capital by the issuance of equity or debt
securities or by other means. Since we have no such arrangements or plans
currently in effect, our inability to raise funds for the consummation of an
acquisition may have a severe negative impact on our ability to become a viable
company.




In the
future, we will attempt to acquire other assets or business operations that will
maximize shareholder value. No specific assets or businesses have been
definitively identified and there is no certainty that any such assets or
business will be identified or any transactions will be
consummated.




3


We expect
that we will need to raise funds in order to effectuate our business plan. We
will seek to establish or acquire businesses or assets with funds raised either
via the issuance of shares or debt. There can be no assurance that additional
capital will be available to us. We may seek to raise the required capital by
other means. We may have to issue debt or equity or enter into a strategic
arrangement with a third party. We currently have no agreements, arrangements or
understandings with any person to obtain funds through bank loans, lines of
credit or any other sources. Since we have no such arrangements or plans
currently in effect, our inability to raise funds will have a severe negative
impact on our ability to remain a viable company. In pursuing the foregoing
goals, we may seek to expand or change the composition of the Board or make
changes to our current capital structure, including issuing additional shares or
debt and adopting a stock option plan.





RESULTS
OF OPERATIONS FOR THE THREE MONTHS PERIODS ENDED SEPTEMBER 30, 2009 AND
2008





The
following table presents certain consolidated statement of operations
information for the three month periods ended September 30, 2009 and 2008. The
discussion following the table is based on these results.








For
      the Three MonthsEnded
      September 30,2009
                        
                        
                        2008Revenues,
      net
                        
                        $
                        -
                        
                        
                        $
                        -Operating
      Expenses:General
      and administrative expenses
                        
                        
                        5,367
                        
                        
                        
                        18,875Operating
      Loss
                        
                        
                        (5,367
                        )
                        
                        
                        (18,875
                        )Income
      From Continuing Operation Before Income Taxes
                        
                        
                        (5,367
                        )
                        
                        
                        (18,875
                        )Provision
      for Income Taxes
                        
                        
                        -
                        
                        
                        
                        -Loss
      From Continuing Operation
                        
                        
                        (5,367
                        )
                        
                        
                        (18,875
                        )Discontinued
      Operations:Loss
      from discontinued operation
                        
                        
                        -
                        
                        
                        
                        (5,395
                        )Impairement
      for asset held for sale
                        
                        
                        -
                        
                        
                        
                        (11,694
                        )Loss
      from discontinued operation
                        
                        
                        -
                        
                        
                        
                        (17,089
                        )Net
      Loss
                        
                        $
                        (5,367
                        )
                        
                        $
                        (35,964
                        )








Operating
Expense





General
and administrative expenses for the three month period ended September 30, 2009
totaled $5,367 compared to $18,875 for the three month ended September 30,
2008.  The decrease in operating expense of $13,508 was due to the
decrease in SEC filing and accounting fees.





Loss
from Continuing Operations





Loss from
continuing operations for the three months period ended September 30, 2009
totaled $5,367 compared to $18,875 for the three months period ended September
30, 2008.  The decrease in loss from continuing operations of $13,508
or approximately 71.6% was due to the decrease in SEC filing and accounting
fees.





4


Net
Loss





Net loss
for the three months period ended September, 2009 totaled $5,367 compared to
$35,964 for the three months period ended September 30, 2008, a decrease of
$30,597. The decrease in net loss was primarily due to the decrease in
professional fees related to SEC filing and loss from discontinued
operation.





RESULTS
OF OPERATIONS FOR THE SIX MONTHS PERIODS ENDED SEPTEMBER 30, 2009 AND
2008





The
following table presents certain consolidated statement of operations
information for the six months periods ended September 30, 2009 and 2008. The
discussion following the table is based on these results.





For
      the Nine MonthsEnded
      September 30,2009
                      
                      
                      2008Revenues,
      net
                      
                      $
                      -
                      
                      
                      $
                      -Operating
      Expenses:General
      and administrative expenses
                      
                      
                      26,253
                      
                      
                      
                      39,665Operating
      Loss
                      
                      
                      (26,253
                      )
                      
                      
                      (39,665
                      )Income
      From Continuing Operation Before Income Taxes
                      
                      
                      (26,253
                      )
                      
                      
                      (39,665
                      )Provision
      for Income Taxes
                      
                      
                      -
                      
                      
                      
                      -Loss
      From Continuing Operation
                      
                      
                      (26,253
                      )
                      
                      
                      (39,665
                      )Discontinued
      Operations:Loss
      from discontinued operation
                      
                      
                      -
                      
                      
                      
                      (7,230
                      )Impairement
      for asset held for sale
                      
                      
                      -
                      
                      
                      
                      (11,694
                      )Loss
      from discontinued operation
                      
                      
                      -
                      
                      
                      
                      (18,924
                      )Net
      Loss
                      
                      $
                      (26,253
                      )
                      
                      $
                      (58,589
                      )








Operating
Expense





General
and administrative expenses for the nine month period ended September 30, 2009
totaled $26,253 compared to the same period in 2008 which was amounted to
$39,665. The decrease in operating expense of $13,412 was due to the decrease in
SEC filing and accounting fees.





5


Loss
from Continuing Operations





Loss from
continuing operations for the six months periods ended September 30, 2009
totaled $26,253 compared to the same period in 2008 which was amounted to
$39,665. The decrease in loss from continuing operations of $13,412 or
approximately 33.8% was due to the decrease in SEC filing and accounting
fees.





Net
Loss





Net
losses for the six months periods ended September 30, 2009 and 2008 are $26,253
and $58,589, respectively. The decrease of $32,336 is primarily from the
decrease in professional fees related to SEC filing and disposal from
discontinued operation.





LIQUIDTY
AND CAPITAL RESOURCES




Cash and
cash equivalents were $2,752 at September 30, 2009, as well as the total current
assets. The Company's total current liabilities were $272,043 at September 30,
2009. Working capital at September 30, 2009 was $(269,291).





During
the next 12 months we anticipate incurring costs related to filing of financial
reports. We believe we will be able to meet these costs through use of funds in
our treasury and additional amounts, as necessary, to be loaned by or invested
in us by our stockholder, management or other investors. We will continue to
evaluate alternative sources of capital to meet our growth requirements,
including other asset or debt financing, issuing equity securities and entering
into other financing arrangements. There can be no assurance, however, that any
of the contemplated financing arrangements described herein will be available
and, if available, can be obtained on terms favorable to us.




WORKING
CAPITAL REQUIREMENTS




Our
auditor's going concern opinion for prior years ended indicates that we do not
have significant cash or other material assets and we are relying on advances
from stockholders officers and directors to meet limited operating expenses. We
do not have sufficient cash or other material assets nor do we have sufficient
operations or an established source of revenue to cover our operational costs
that would allow us to continue as a going concern.





We are
dependent upon our principal stockholder and officer to meet any costs that we
may incur.





OFF-BALANCE
SHEET ARRANGEMENTS




We have
never entered into any off-balance sheet financing arrangements and have never
established any special purpose entities. We have not guaranteed any debt or
commitments of other entities or entered into any options on non-financial
assets.





ITEM
3.     QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT
MARKET RISK.




Not
required for smaller reporting companies.





6


ITEM
4T.       CONTROLS AND
PROCEDURES.





Evaluation of Disclosure
Controls and Procedures





Pursuant
to Rule 13a-15(b) under the Securities Exchange Act of 1934 (“Exchange Act”),
the Company carried out an evaluation, with the participation of the Company’s
management, including the Company’s Chief Executive Officer (“CEO”) and Chief
Financial Officer (“CFO”),of the effectiveness of the Company’s disclosure
controls and procedures (as defined under Rule 13a-15(e) under the Exchange Act)
as of the end of the period covered by this report. Based upon that evaluation,
the Company’s CEO and CFO concluded that the Company’s disclosure controls and
procedures are effective to ensure that information required to be disclosed by
the Company in the reports that the Company files or submits under the Exchange
Act, is recorded, processed, summarized and reported, within the time periods
specified in the SEC’s rules and forms, and that such information is accumulated
and communicated to the Company’s management, including the Company’s CEO and
CFO, as appropriate, to allow timely decisions regarding required
disclosure.





Changes in Internal
Controls





There
have been no changes in the Company’s internal control over financial reporting
during the latest fiscal quarter that have materially affected, or are
reasonably likely to materially affect, the Company's internal control over
financial reporting.







7





PART
II - OTHER INFORMATION




Item
1. Legal Proceedings.




Currently
we are not aware of any litigation pending or threatened by or against the
Company.





Item
1A. Risk Factors.





Not
Applicable because we are a smaller reporting company.




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




None.




Item
3. Defaults Upon Senior Securities.




None




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




None.




Item
5. Other Information.




None.




Item
6. Exhibits.




31.1
Certifications pursuant to Section 302 of Sarbanes Oxley Act of
2002




32.1
Certifications pursuant to Section 906 of Sarbanes Oxley Act of
2002




8





SIGNATURES




Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.




ARTCRAFT
      V, INCDate:
      November 10, 2009
              By:
              /s/ Li Te
      XiaoLi
      Te XiaoPresident,
      Chief Executive Officer,Chief
      Financial Officer and Director










9




ARTCRAFT
V, INC. AND SUBSIDIARIES
 
 CONSOLIDATED
FINANCIAL STATEMENTS
 
 SEPTEMBER
30, 2009
 
 (UNAUDITED)
 
    
  
 
 
 TABLE
OF CONTENTS
 
 
 
 Consolidated
      Balance Sheets (Unaudited)
                F-2Consolidated
      Statements of Operations (Unaudited)
                F-3Consolidated
      Statements of Cash Flows (Unaudited)
                F-4Notes
      to Consolidated Financial Statements
                F-5
      - F-8
 
 
 
   F-1
 
   ARTCRAFT
      V, INC. AND SUBSIDIARIESConsolidated
      Balance Sheets(Unaudited)September
      30,
                                                                        
                                                                        
                                                                        December
      31,2009
                                                                        
                                                                        
                                                                        2008(Unaudited)ASSETSCurrent
      Assets:Cash
      and cash equivalents
                                                                        
                                                                        $
                                                                        2,752
                                                                        
                                                                        
                                                                        $
                                                                        91LIABILITIES
      AND STOCKHOLDERS' DEFICITCurrent
      Liabilities:Accounts
      payable and accrued expenses
                                                                        
                                                                        $
                                                                        1,600
                                                                        
                                                                        
                                                                        $
                                                                        41,001Loan
      payable to related parties
                                                                        
                                                                        
                                                                        -
                                                                        
                                                                        
                                                                        
                                                                        168,000Loan
      payable to related parties
                                                                        
                                                                        
                                                                        270,443
                                                                        
                                                                        
                                                                        
                                                                        202,128Total
      current liabilities
                                                                        
                                                                        
                                                                        272,043
                                                                        
                                                                        
                                                                        
                                                                        411,129Stockholders'
      Deficit:Common
      stock ($0.001 par value, 100,000,000 shares authorized,10,250,000
      issued and outstanding
                                                                        
                                                                        
                                                                        10,250
                                                                        
                                                                        
                                                                        
                                                                        10,250Additional
      paid-in capital
                                                                        
                                                                        
                                                                        233,159
                                                                        
                                                                        
                                                                        
                                                                        115,159Subscription
      receivable
                                                                        
                                                                        
                                                                        -
                                                                        
                                                                        
                                                                        
                                                                        (50,000
                                                                        )Accumulated
      deficit
                                                                        
                                                                        
                                                                        (512,700
                                                                        )
                                                                        
                                                                        
                                                                        (486,447
                                                                        )Total
      stockholders' deficit
                                                                        
                                                                        
                                                                        (269,291
                                                                        )
                                                                        
                                                                        
                                                                        (411,038
                                                                        )Total
      Liabilities and Stockholders' Deficit
                                                                        
                                                                        $
                                                                        2,752
                                                                        
                                                                        
                                                                        $
                                                                        91
 See notes
to unaudited consolidated financial statements
 F-2
  ARTCRAFT
      V, INC. AND SUBSIDIARIESConsolidated
      Statements of Operations(Unaudited)For the Three Months
                                                                                                                              
                                                                                                                              
                                                                                                                              For
      the Nine MonthsEnded
      September 30,
                                                                                                                              
                                                                                                                              
                                                                                                                              Ended
      September 30,2009
                                                                                                                              
                                                                                                                              
                                                                                                                              2008
                                                                                                                              
                                                                                                                              
                                                                                                                              2009
                                                                                                                              
                                                                                                                              
                                                                                                                              2008Revenues,
      net
                                                                                                                              
                                                                                                                              $
                                                                                                                              -
                                                                                                                              
                                                                                                                              
                                                                                                                              $
                                                                                                                              -
                                                                                                                              
                                                                                                                              
                                                                                                                              $
                                                                                                                              -
                                                                                                                              
                                                                                                                              
                                                                                                                              $
                                                                                                                              -Operating
      Expenses:General
      and administrative expenses
                                                                                                                              
                                                                                                                              
                                                                                                                              5,367
                                                                                                                              
                                                                                                                              
                                                                                                                              
                                                                                                                              18,875
                                                                                                                              
                                                                                                                              
                                                                                                                              
                                                                                                                              26,253
                                                                                                                              
                                                                                                                              
                                                                                                                              
                                                                                                                              39,665Operating
      Loss
                                                                                                                              
                                                                                                                              
                                                                                                                              (5,367
                                                                                                                              )
                                                                                                                              
                                                                                                                              
                                                                                                                              (18,875
                                                                                                                              )
                                                                                                                              
                                                                                                                              
                                                                                                                              (26,253
                                                                                                                              )
                                                                                                                              
                                                                                                                              
                                                                                                                              (39,665
                                                                                                                              )Income
      From Continuing Operation Before Income Taxes
                                                                                                                              
                                                                                                                              
                                                                                                                              (5,367
                                                                                                                              )
                                                                                                                              
                                                                                                                              
                                                                                                                              (18,875
                                                                                                                              )
                                                                                                                              
                                                                                                                              
                                                                                                                              (26,253
                                                                                                                              )
                                                                                                                              
                                                                                                                              
                                                                                                                              (39,665
                                                                                                                              )Provision
      for Income Taxes
                                                                                                                              
                                                                                                                              
                                                                                                                              -
                                                                                                                              
                                                                                                                              
                                                                                                                              
                                                                                                                              -
                                                                                                                              
                                                                                                                              
                                                                                                                              
                                                                                                                              -
                                                                                                                              
                                                                                                                              
                                                                                                                              
                                                                                                                              -Loss
      From Continuing Operation
                                                                                                                              
                                                                                                                              
                                                                                                                              (5,367
                                                                                                                              )
                                                                                                                              
                                                                                                                              
                                                                                                                              (18,875
                                                                                                                              )
                                                                                                                              
                                                                                                                              
                                                                                                                              (26,253
                                                                                                                              )
                                                                                                                              
                                                                                                                              
                                                                                                                              (39,665
                                                                                                                              )Discontinued
      Operations:Loss
      from discontinued operation
                                                                                                                              
                                                                                                                              
                                                                                                                              -
                                                                                                                              
                                                                                                                              
                                                                                                                              
                                                                                                                              (5,395
                                                                                                                              )
                                                                                                                              
                                                                                                                              
                                                                                                                              -
                                                                                                                              
                                                                                                                              
                                                                                                                              
                                                                                                                              (7,230
                                                                                                                              )Impairement
      for asset held for sale
                                                                                                                              
                                                                                                                              
                                                                                                                              -
                                                                                                                              
                                                                                                                              
                                                                                                                              
                                                                                                                              (11,694
                                                                                                                              )
                                                                                                                              
                                                                                                                              
                                                                                                                              -
                                                                                                                              
                                                                                                                              
                                                                                                                              
                                                                                                                              (11,694
                                                                                                                              )Loss
      from discontinued operation
                                                                                                                              
                                                                                                                              
                                                                                                                              -
                                                                                                                              
                                                                                                                              
                                                                                                                              
                                                                                                                              (17,089
                                                                                                                              )
                                                                                                                              
                                                                                                                              
                                                                                                                              -
                                                                                                                              
                                                                                                                              
                                                                                                                              
                                                                                                                              (18,924
                                                                                                                              )Net
      Loss
                                                                                                                              
                                                                                                                              $
                                                                                                                              (5,367
                                                                                                                              )
                                                                                                                              
                                                                                                                              $
                                                                                                                              (35,964
                                                                                                                              )
                                                                                                                              
                                                                                                                              $
                                                                                                                              (26,253
                                                                                                                              )
                                                                                                                              
                                                                                                                              $
                                                                                                                              (58,589
                                                                                                                              )Net
      Loss Per Share:Basic
      & diluted from continuing operation
                                                                                                                              
                                                                                                                              $
                                                                                                                              (0.00
                                                                                                                              )
                                                                                                                              
                                                                                                                              $
                                                                                                                              (0.00
                                                                                                                              )
                                                                                                                              
                                                                                                                              $
                                                                                                                              (0.00
                                                                                                                              )
                                                                                                                              
                                                                                                                              $
                                                                                                                              (0.00
                                                                                                                              )Basic
      & diluted including discontinued operation
                                                                                                                              
                                                                                                                              $
                                                                                                                              (0.00
                                                                                                                              )
                                                                                                                              
                                                                                                                              $
                                                                                                                              (0.00
                                                                                                                              )
                                                                                                                              
                                                                                                                              $
                                                                                                                              (0.00
                                                                                                                              )
                                                                                                                              
                                                                                                                              $
                                                                                                                              (0.01
                                                                                                                              )Weighted
      Average Shares OutstandingBasic
      & diluted
                                                                                                                              
                                                                                                                              
                                                                                                                              10,250,000
                                                                                                                              
                                                                                                                              
                                                                                                                              
                                                                                                                              10,250,000
                                                                                                                              
                                                                                                                              
                                                                                                                              
                                                                                                                              10,250,000
                                                                                                                              
                                                                                                                              
                                                                                                                              
                                                                                                                              10,250,000The
      Components of Other Comprehensive Income:Net
      Loss
                                                                                                                              
                                                                                                                              $
                                                                                                                              (5,367
                                                                                                                              )
                                                                                                                              
                                                                                                                              $
                                                                                                                              (35,964
                                                                                                                              )
                                                                                                                              
                                                                                                                              $
                                                                                                                              (26,253
                                                                                                                              )
                                                                                                                              
                                                                                                                              $
                                                                                                                              (58,589
                                                                                                                              )Foreign
      currency translation adjustment
                                                                                                                              
                                                                                                                              
                                                                                                                              -
                                                                                                                              
                                                                                                                              
                                                                                                                              
                                                                                                                              (1,120
                                                                                                                              )
                                                                                                                              
                                                                                                                              
                                                                                                                              -
                                                                                                                              
                                                                                                                              
                                                                                                                              
                                                                                                                              (302
                                                                                                                              )Comprehensive
      Loss
                                                                                                                              
                                                                                                                              $
                                                                                                                              (5,367
                                                                                                                              )
                                                                                                                              
                                                                                                                              $
                                                                                                                              (37,084
                                                                                                                              )
                                                                                                                              
                                                                                                                              $
                                                                                                                              (26,253
                                                                                                                              )
                                                                                                                              
                                                                                                                              $
                                                                                                                              (58,891
                                                                                                                              )
 See notes
to unaudited consolidated financial statements
 F-3
  ARTCRAFT
      V, INC. AND SUBSIDIARIESConsolidated
      Statements of Cash Flows(Unaudited)For
      Nine MonthsEnded
      September 30,2009
                                                                                    
                                                                                    
                                                                                    2008Cash
      flows from operating activities:Net
      loss
                                                                                    
                                                                                    $
                                                                                    (26,253
                                                                                    )
                                                                                    
                                                                                    $
                                                                                    (58,589
                                                                                    )Adjustments
      to reconcile net loss to net cash used in operating
      activities:Payment
      of rental by an officer
                                                                                    
                                                                                    
                                                                                    -
                                                                                    
                                                                                    
                                                                                    
                                                                                    6,287Net
      change in operating assets and liabilities:Other
      receivables
                                                                                    
                                                                                    
                                                                                    -
                                                                                    
                                                                                    
                                                                                    
                                                                                    26,250Accounts
      payable and accrued liabilities
                                                                                    
                                                                                    
                                                                                    (39,401
                                                                                    )
                                                                                    
                                                                                    
                                                                                    (13,844
                                                                                    )Net
      cash used in continuing operations
                                                                                    
                                                                                    
                                                                                    (65,654
                                                                                    )
                                                                                    
                                                                                    
                                                                                    (39,896
                                                                                    )Net
      cash provided by operations of entity held for sale
                                                                                    
                                                                                    
                                                                                    -
                                                                                    
                                                                                    
                                                                                    
                                                                                    10,481Net
      cash used in operating activities
                                                                                    
                                                                                    
                                                                                    (65,654
                                                                                    )
                                                                                    
                                                                                    
                                                                                    (29,415
                                                                                    )Cash
      flows from financing activities:Loan
      from related party
                                                                                    
                                                                                    
                                                                                    68,315
                                                                                    
                                                                                    
                                                                                    
                                                                                    17,907Net
      cash used in continuing operations
                                                                                    
                                                                                    
                                                                                    68,315
                                                                                    
                                                                                    
                                                                                    
                                                                                    17,907Net
      cash provided by operations of entity held for sale
                                                                                    
                                                                                    
                                                                                    -
                                                                                    
                                                                                    
                                                                                    
                                                                                    2,457Net
      cash used in financing activities
                                                                                    
                                                                                    
                                                                                    68,315
                                                                                    
                                                                                    
                                                                                    
                                                                                    20,364Effect
      of exchange rate on cash
                                                                                    
                                                                                    
                                                                                    -
                                                                                    
                                                                                    
                                                                                    
                                                                                    (300
                                                                                    )Net
      increase in cash
                                                                                    
                                                                                    
                                                                                    2,661
                                                                                    
                                                                                    
                                                                                    
                                                                                    (9,351
                                                                                    )Cash
      and cash equivalents, beginning of year
                                                                                    
                                                                                    
                                                                                    91
                                                                                    
                                                                                    
                                                                                    
                                                                                    14,707Cash
      and cash equivalents, end of period
                                                                                    
                                                                                    $
                                                                                    2,752
                                                                                    
                                                                                    
                                                                                    $
                                                                                    5,356Supplemental
      disclosures:Cash
      paid during the period for income tax$
                                                                                    -
                                                                                    
                                                                                    
                                                                                    $
                                                                                    249Non-cash
      investing and financing activities:Cancelation
      of subscription receivable
                                                                                    
                                                                                    $
                                                                                    50,000
                                                                                    
                                                                                    
                                                                                    $
                                                                                    -Debt
      forgiven by the major shareholder
                                                                                    
                                                                                    $
                                                                                    168,000
                                                                                    
                                                                                    
                                                                                    $
                                                                                    -
 See notes
to unaudited consolidated financial statements
  F-4
  ARTCRAFT
V, INC. AND SUBSIDIARIES
  NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
 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
Yuan Info Consult Co., Ltd. (“188info.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.  188info.com was legally established under the
laws of the People’s Republic of China.
 
 Pursuant
to the Stock Purchase and Share Exchange Agreement, the Company purchased all of
the issued and outstanding shares of Top Interest from the shareholder 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.
 
 On
September 22, 2008 the Company’s board of directors agreed to sell the Company’s
70% interest in 188info.com.  The Company entered into an agreement
with Shenzhen Dingyi Investment Consulting Company Co., Ltd on September
22, 2008 to sell our 70% interest in 188info.com for $0.15 (RMB $1) and the
assumption of all assets and liabilities of 188info.com. The transaction was
completed and approved on October 17, 2008.
 
 On June
21, 2009, the Company entered into a debt forgiveness transaction with Zudu
Xiao, the president of Top Interest International Ltd. and the Company’s major
shareholder, to forgive the Company from the repayment of a related party loan
of $168,000. This forgiven debt will be treated as additional paid-in capital
from Mr. Xiao.
 
 When used
in these notes, the terms “Company”, “we”, “our” or “us” mean Artcraft V, Inc.
and its subsidiary.
 
 Note
2 – SUMMARY OF
SIGNIFICANT ACCOUNTING POLICIES
 
 Basis of
Presentation
 
 The
accompanying unaudited consolidated financial statements for the three months
and nine months ended September 30, 2009 and 2008 have been prepared in
conformity with accounting principles generally accepted (“GAAP”) in the United
States of America for interim financial information and with the instructions to
Form 10-Q and Article 10 of Regulation S-X, as promulgated by the US
Securities and Exchange Commission. Accordingly, they do not include all of the
information and footnotes required by U.S. GAAP for complete financial
statements. The financial information as of December 31, 2008 is derived
from our Form 10-K for the year ended December 31, 2008 to be filed by
us with the Securities and Exchange Commission. Certain information or footnote
disclosures normally included in financial statements prepared in accordance
with GAAP in the United States of America have been condensed or omitted
pursuant to the rules and regulations of the Securities and Exchange Commission.
The financial statements for the three months and nine months ended September
30, 2009 and 2008 are unaudited and include all adjustments considered necessary
for a fair presentation of the results of operations for the three months and
nine months ended on September 30, 2009 and 2008. All such adjustments are of a
normal recurring nature. The results of the Company's operations for any interim
period are not necessarily indicative of the results of the Company's operations
for a full fiscal year.
  F-5
 
 ARTCRAFT
V, INC. AND SUBSIDIARIES
  NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
 Principles of
Consolidation
 
 The
consolidated financial statements include the accounts of Artcraft V, Inc. and
its wholly owned subsidiary, collectively referred to within as the Company. All
material intercompany accounts, transactions and profits have been eliminated in
consolidation.
 
 Exchange Gain
(Loss)
 
 During
the three and six months ended September 30, 2008, the transactions of
188info.com were denominated in foreign currency and were recorded in RMB 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
September 30, 2008, the accounts of 188info.com were maintained, and its
financial statements were expressed, in RMB. Such financial statements were
translated into U.S. Dollars with the RMB 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 as a component of shareholders’ equity.
  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.
 
 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.
 
 Income
Taxes
 
 The
Company recognizes 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 Loss Per
Share
 
 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.
There were no dilutive shares for three and nine months ended September 30, 2009
and 2008. Basic and diluted losses per share were $0.001 for the three month
periods ended September 30, 2009. Basic and diluted losses per share were $0.004
for the three month periods ended September 30, 2008.
 
 F-6
 
  ARTCRAFT
V, INC. AND SUBSIDIARIES
  NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
 Recent Accounting
Pronouncements
  Management
does not believe that any recently issued, but not yet effective, accounting
standards, if currently adopted, would have a material effect on the
accompanying financial statements.
 
 Reclassification
 
 Certain
items in the financial statements have been reclassified to confirm to the
current period presentation.
  Note
3 – ACCOUNTS PAYABLE
AND ACCRUED EXPENSES
 
 As of
September 30, 2009, account payable and accrued expenses were $1,600, including
accrued legal, audit, and accounting expenses.
 
 As of
December 31, 2008, account payable and accrued expenses were $41,001, including
accrued legal, audit, and accounting expenses.
 
 Note
4 – LOAN PAYBLE TO
RELATED PARTIES
 
 As of
September 30, 2009, total loan payable to related parties were $270,443, a non
interest-bearing, unsecured and due on demand note payable to a shareholder of
the Company.
 
 As of
December 31, 2008, total loan payable to related parties were $370,128,,
including a non interest-bearing, unsecured and due on demand note payable to
Zudu Xiao, the president of Top Interest International Ltd. and the major
shareholder of the Company, amounting $168,000 and a non interest-bearing,
unsecured and due on demand note payable to a shareholder of the Company in the
amount of $202,128.
 
 Note
5 – STOCKHOLDERS’
EQUITY
 
 During
the three months ended March 31, 2009, the Company forgave the subscription
receivable from the shareholder of Top Interest International Ltd. amounted to
$50,000 and recorded it as a reduction of additional paid-in
capital.
  No new
shares have been issued during the three month period ended September 30,
2009.
 
 Note
6 – GOING
CONCERN
 
 The
accompanying consolidated financial statements have been prepared in conformity
with generally accepted accounting principles which contemplate continuation of
the company as a going concern.  However, the Company has an
accumulated deficit of $512,700 and $486,447 as of September 30, 2009 and
December 31, 2008 including losses of $26,253 and $58,589 for the periods ended
September 30, 2009 and 2008. The Company’s current liabilities exceed its
current assets by $269,291 and $411,038 as of September 30, 2009 and
December 31, 2008. The Company disposed its operating entity in China during the
year ended December 31, 2008 and currently does not have any operations. In view
of the matters described above, recoverability of a major portion of the
recorded asset amounts shown in the accompanying consolidated balance sheet is
dependent upon continued operations of the company, which in turn is dependent
upon the Company’s ability to raise additional capital, obtain financing and
succeed in its future operations, The financial statements do not include any
adjustments relating to the recoverability and classification of recorded asset
amounts or amounts and classification of liabilities that might be necessary
should the Company be unable to continue as a going concern.
 
 F-7
 
  ARTCRAFT
V, INC. AND SUBSIDIARIES
  NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
 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 September 30, 2009, towards obtaining
additional equity and management of accrued expenses and accounts
payable.
 
 In the
future, we will attempt to acquire other assets or business operations that will
maximize shareholder value. No specific assets or businesses have been
definitively identified and there is no certainty that any such assets or
business will be identified or any transactions will be
consummated.
 
 We expect
that we will need to raise funds in order to effectuate our business plan. We
will seek to establish or acquire businesses or assets with funds raised either
via the issuance of shares or debt. There can be no assurance that additional
capital will be available to us. We may seek to raise the required capital by
other means. We may have to issue debt or equity or enter into a strategic
arrangement with a third party. We currently have no agreements, arrangements or
understandings with any person to obtain funds through bank loans, lines of
credit or any other sources. Since we have no such arrangements or plans
currently in effect, our inability to raise funds will have a severe negative
impact on our ability to remain a viable company. In pursuing the foregoing
goals, we may seek to expand or change the composition of the Board or make
changes to our current capital structure, including issuing additional shares or
debt and adopting a stock option plan.
 
 Management
believes that actions presently being taken to obtain additional funding to
implement its strategic plans provide the opportunity for the Company to
continue as a going concern.
 
 
  F-8