U.S.
SECURITIES AND EXCHANGE COMMISSION


Washington,
D.C. 20549





FORM
10-Q





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





For
the quarterly period ended June 30,
2008





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





For the
transition period from





Commission
File No. 000-52682





AFH
Holding I, Inc.


(Name of
registrant in its charter)





Delaware
            26-1364740(State
      or other jurisdiction of
            (I.R.S.
      employerincorporation
      or formation)
            identification
      number)





9595
Wilshire Blvd.


Suite
900


Beverly
Hills, CA 90212


(Address
of principal executive offices)




Issuer’s
telephone
number:                                                (310) 300-3431





N/A


(Former
name, former address and former fiscal year, if changed since last
report)





Check
whether the issuer (1) 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 x No o







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


Large
Accelerated filer  o       
    Accelerated Filer  o   
     Non-Accelerated Filer  o  Smaller Reporting
Company x





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





State the
number of shares outstanding of each of the issuer's classes of common equity,
as of July 25, 2008: 4,000,000
shares of common stock.














Item
1.                      Financial
Statements.





AFH
HOLDING I, INC.





FINANCIAL
STATEMENTS


(Unaudited)





JUNE 30,
2008





AFH
HOLDING I, INC.


(A
Development Stage Enterprise)


INDEX TO
INTERIM AND UNAUDITED FINANCIAL STATEMENTS


JUNE 30,
2008


(Unaudited)





PageFinancial
      Statements:Balance
      Sheet
            F−1Statements
      of Operations
            F−2Statements
      of Stockholders’ Equity
            F−3Statements
      of Cash Flows
            F−4Notes
      to Financial Statements
            F-5
      - F-6



































































AFH
HOLDING I, INC.


(A
Development Stage Enterprise)


INTERIM
AND UNAUDITED BALANCE SHEET


JUNE 30,
2008


(Unaudited)





June
      30, 2008(Unaudited)ASSETSTotal
      assets
            
            $
            --LIABILITIES
      AND STOCKHOLDERS’ EQUITYCommitment
      and contingencies
            
            $
            --Stockholders’
      equity:Preferred
      stock, $.001 par value,authorized
      20,000,000 shares, none issued
            
            
            --Common
      stock, $.001 par value,authorized
      100,000,000 shares,5,000,000
      issued and 4,000,000 outstanding
            
            
            5,000Additional
      paid in capital
            
            
            4771Treasury
      stock, at cost (1,000,000 at $.0025)
            
            
            (2500
            )Deficit
      accumulated during the development stage
            
            
            (7271
            )Total
      stockholders’ equity
            
            
            --Total
      liabilities and stockholders’ equity
            
            
            --$
            --




The
accompanying notes are an integral part of these financial
statements



















F-1





AFH
HOLDING I, INC.


(A
Development Stage Enterprise)


INTERIM
AND UNAUDITED STATEMENTS OF OPERATIONS


(Unaudited)





Income
            
            For
      the six months ended June 30, 2008
            
            
            For
      the three months
              ended
      June 30, 2008
            
            
            For
      the period of April 16, 2007 (inception) through June 30,
    2007
            
            
            For
      the period 16-Apr-07 (Inception) through June 30, 2008Revenue
            
            
            -
            
            
            $
            -
            
            
            $
            -
            
            
            
            --Expenses
            
            
            -
            
            
            $
            -
            
            
            $
            -
            
            
            
            --General
      and Administrative
            
            
            -
            
            
            $
            -
            
            
            $
            (5,000
            )
            
            
            (7271
            )Total
      Expenses
            
            
            -
            
            
            $
            -
            
            
            $
            (5,000
            )
            
            
            (7271
            )Net
      loss per share (basic and diluted)
            
            
            (.00
            )
            
            $
            (.00
            )
            
            $
            (.00
            )
            
            
            (.00
            )Weighted
      average shares outstanding (basic and diluted)
            
            
            4,000,000
            
            
            
            4,000,000
            
            
            
            5,000,000
            
            
            
            4,477,376




The
accompanying notes are an integral part of these financial
statements















































































F-2








AFH
HOLDING I, INC.


(A
Development Stage Enterprise)


INTERIM
AND UNAUDITED STATEMENTS OF STOCKHOLDERS’ EQUITY


For the
period from April 16, 2007 (Inception) to June 30, 2008


(Unaudited)





TotalCommon
      StockShares
            
            
            Amount
            
            
            Additional
      Paid-in Capital
            
            
            Treasury
            
            
            Deficit
              accumulatedIssuance
      of Common StockBalance
      April 16, 2007
            
            
            0
            
            
            
            0
            
            
            
            0
            
            
            
            
            
            
            0
            
            
            
            0Shares
      issued in Lieu of expenses paid
            
            
            5,000,000
            
            
            $
            5,000
            
            
            $
            0
            
            
            
            
            
            $
            0
            
            
            $
            5,000Net
      Loss at December 31, 2007
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            -7271
            
            
            
            -7271Contributed
      Capital for Services
            
            
            
            
            
            
            
            
            
            
            2271
            
            
            
            
            
            
            
            
            
            
            2271Purchase
      of Treasury shares
            
            
            (5,000,000
            )
            
            
            
            
            
            
            
            
            
            
            -12,500
            
            
            
            
            
            
            
            -12500Sale
      of Treasury shares
            
            
            4,000,000
            
            
            
            
            
            
            
            2500
            
            
            
            10,000
            
            
            
            
            
            
            
            12500Balance
      at June 30, 2008
            
            
            4,000,000
            
            
            
            5000
            
            
            
            4771
            
            
            
            -2500
            
            
            
            -7271
            
            
            
            0




The
accompanying notes are an integral part of these financial
statements



































































F-3








AFH
HOLDING I, INC.


(a
Development Stage Enterprise)


INTERIM
AND UNAUDITED STATEMENTS OF CASH FLOWS


(Unaudited)





For
      the six
              months
      ended
              June
      30, 2008
            For
      the period April 16,2007, (inception) through June 30,
2007
            For
      the period
              April 16,
      2007
              (Inception)
      through
              June
      30, 2008Cash
      flows from operating activitiesNet
      Loss
            –
            
            (5,000)
            
            $
            (7271
            )Shares
      issued in lieu of expenses paid
            –
            
            5000
            
            
            5000Contributed Capital
      For Services
            –
            
            --
            
            
            2271Cash
      flows used in operating activities
            –
            
            --
            
            
            --Net
      increase in cash
            –
            
            --
            
            
            --Cash,
      beginning of period
            –
            
            --
            
            
            --Cash,
      end of period
            –
            
            --
            
            $
            --SUPPLEMENTAL
      DISCLOSURE OF CASH FLOW INFORMATION:Cash
      paid during the period for:Interest
            –
            
            --
            
            
            --Income
      taxes
            –
            
            --
            
            
            --




The
accompanying notes are an integral part of these financial
statements









































F-4








AFH
HOLDING I, INC.


(A
Development Stage Enterprise)


NOTES TO
INTERIM AND UNAUDITED FINANCIAL STATEMENTS


JUNE 30,
2008





NOTE
1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES





Nature of
Operations





AFH
HOLDING I, INC., a development stage company (the “Company”), was incorporated
in the State of Delaware on April 16, 2007. The Company is 100% owned by AFH
Holding and Advisory, LLC. The financial statements presented represent only
those transactions of AFH Holding I, Inc. The Company is looking to acquire an
existing company or acquire the technology to begin operations.





As a
blank check company, the Company’s business is to pursue a business combination
through acquisition, or merger with, an existing company. As of the date of the
financial statements, the Company has identified an undisclosed potential target
company for a possible business combination.  The Company is currently
engaged in preliminary negotiations with the target company.  No
assurances can be given that the Company will be successful in locating or
negotiating with any target company.





Since
inception, the Company has been engaged in organizational efforts.





General





The
accompanying unaudited financial statements include all adjustments of a normal
and recurring nature, which, in the opinion of Company’s management, are
necessary to present fairly the Company’s financial position as of June 30,
2008, the results of its operations for the three and six months ended June 30,
2008, and from the date of inception (April 16, 2007) through June 30, 2008, and
cash flows for the six months ended June 30, 2008 from the date of inception
(April 16, 2007) through June 30, 2008.





Certain
information and footnote disclosures normally included in financial statements
prepared in accordance with generally accepted accounting principles have been
omitted pursuant to the rules and regulations of the Securities and Exchange
Commission.





The
results of operations and cash flows for the periods ended June 30, 2008 are not
necessarily indicative of the results to be expected for the full year’s
operation.





NOTE
2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES





The
accompanying financial statements are prepared in accordance with accounting
principles generally accepted in the United States. Significant accounting
policies follow:





New Accounting
Pronouncements:




Management
does not believe any recently issued, but not yet effective accounting
pronouncements, if adopted, would have a material effect on the accompanying
financial statements.










F-5





Loss per Common
Share: Basic loss per share is calculated using the weighted-average
number of common shares outstanding during each period. Diluted loss per share
includes potentially dilutive securities such as outstanding options and
warrants, using various methods such as the treasury stock or modified treasury
stock method in the determination of dilutive shares outstanding during each
period. The Company does not have any potentially dilutive
instruments.





NOTE
3 - GOING CONCERN





The
accompanying financial statements have been prepared assuming that the Company
will continue as a going concern, which contemplates the recoverability of
assets and the satisfaction of liabilities in the normal course of
business.





The
Company has had no revenue and has incurred accumulated net losses from April
16, 2007 (inception) through the period ended June 30, 2008 of $7,271. In
addition, the Company’s development activities since inception have been
financially sustained through equity financing.





The
ability of the Company to continue as a going concern is dependent upon its
ability to find a suitable acquisition/merger candidate, raise additional
capital from the sale of common stock, and receive additional paid-in capital
from its shareholder and, ultimately, the achievement of significant operating
revenues. The accompanying financial statements do not include any adjustments
that might be required should the Company be unable to recover the value of its
assets or satisfy its liabilities





NOTE
4 - SHAREHOLDERS’ EQUITY





Holders
of shares of common stock shall be entitled to cast one vote for each common
share held at all stockholder’s meetings for all purposes, including the
election of directors. The common stock does not have cumulative voting
rights.





The
preferred stock of the Company shall be issued by the Board of Directors of the
Company in one or more classes or one or more series within any class and such
classes or series shall have such voting powers, full or limited, or no voting
powers, and such designations, preferences, limitations or restrictions as the
Board of Directors of the Company may determine, from time to time.





No holder
of shares of stock of any class shall be entitled as a matter of right to
subscribe for or purchase or receive any part of any new or additional issue of
shares of stock of any class, or of securities convertible into shares of stock
of any class, whether now hereafter authorized or whether issued for money, for
consideration other than money, or by way of dividend.



































F-6










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





Plan of
Operation





The
Company will attempt to locate and negotiate with a business entity for the
combination of that target company with the Company. The combination will
normally take the form of a merger, stock-for-stock exchange or stock-for-assets
exchange (the "business combination"). In most instances the target company will
wish to structure the business combination to be within the definition of a
tax-free reorganization under Section 351 or Section 368 of the Internal Revenue
Code of 1986, as amended. As of the date of this report, the Company has
identified an undisclosed potential target company for a possible business
combination.  The Company is currently engaged in preliminary
negotiations with the target company.  No assurances can be given that
the Company will be successful in locating or negotiating with any target
company.





The
Company has not restricted its search for any specific kind of businesses, and
it may acquire a business which is in its preliminary or development stage,
which is already in operation, or in essentially any stage of its business life.
It is impossible to predict the status of any business in which the Company may
become engaged, in that such business may need to seek additional capital, may
desire to have its shares publicly traded, or may seek other perceived
advantages which the Company may offer.





In
implementing a structure for a particular business acquisition, the Company may
become a party to a merger, consolidation, reorganization, joint venture, or
licensing agreement with another corporation or entity.





It is
anticipated that any securities issued in any such business combination would be
issued in reliance upon exemption from registration under applicable federal and
state securities laws. In some circumstances, however, as a negotiated element
of its transaction, the Company may agree to register all or a part of such
securities immediately after the transaction is consummated or at specified
times thereafter. If such registration occurs, it will be undertaken by the
surviving entity after the Company has entered into an agreement for a business
combination or has consummated a business combination. The issuance of
additional securities and their potential sale into any trading market which may
develop in the Company's securities may depress the market value of the
Company's securities in the future if such a market develops, of which there is
no assurance. However, if the Company cannot effect a non-cash acquisition, the
Company may have to raise funds from a private offering of its securities under
Rule 506 of Regulation D. There is no assurance the Company would obtain any
such equity funding.





The
Company will participate in a business combination only after the negotiation
and execution of appropriate agreements. Negotiations with a target company will
likely focus on the percentage of the Company which the target company
shareholders would acquire in exchange for their shareholdings.





Although
the terms of such agreements cannot be predicted, generally such agreements will
require certain representations and warranties of the parties thereto, will
specify certain events of default, will detail the terms of closing and the
conditions which must be satisfied by the parties prior to and after such
closing and will include miscellaneous other terms. Any merger or acquisition
effected by the Company can be expected to have a significant dilutive effect on
the percentage of shares held by the Company's shareholders at such
time.





Results of
Operation





The
Company has not conducted any active operations since inception, except for its
efforts to locate suitable acquisition candidates. No revenue has been generated
by the Company from April 16, 2007 (inception) to June 30, 2008. It is unlikely
the Company will have any revenues unless it is able to effect an acquisition or
merger with an operating company, of which there can be no
assurance.











Expenses
incurred since inception are primarily due to legal, accounting, and other
professional service fees.





Liquidity and Capital
Resources





At June
30, 2008, the Company had no capital resources and will rely upon the issuance
of common stock and additional capital contributions from shareholders to fund
administrative expenses pending acquisition of an operating
company.




Management
anticipates seeking out a target company through solicitation. Such solicitation
may include newspaper or magazine advertisements, mailings and other
distributions to law firms, accounting firms, investment bankers, financial
advisors and similar persons, the use of one or more World Wide Web sites and
similar methods. No estimate can be made as to the number of persons who will be
contacted or solicited. Management may engage in such solicitation directly or
may employ one or more other entities to conduct or assist in such solicitation.
Management and its affiliates will pay referral fees to consultants and others
who refer target businesses for mergers into public companies in which
management and its affiliates have an interest. Payments are made if a business
combination occurs, and may consist of cash or a portion of the stock in the
Company retained by management and its affiliates, or both.





The
Company and/or shareholders will supervise the search for target companies as
potential candidates for a business combination. The Company and/or shareholders
may pay as their own expenses any costs incurred in supervising the search for a
target company. The Company and/or shareholders may enter into agreements with
other consultants to assist in locating a target company and may share stock
received by it or cash resulting from the sale of its securities with such other
consultants.





Off-balance sheet
arrangements





The
Company does not have any off-balance sheet arrangements that have or are
reasonably likely to have a current or future effect on the Company’s financial
condition, changes in financial condition, revenues or expenses, results of
operations, liquidity, capital expenditures or capital resources that is
material to investors.





Item
4.                      Controls
and Procedures.





The
management of the Company, including the principal executive and financial
officer, conducted an evaluation of the effectiveness of the design and
operation of our disclosure controls and procedures as defined in Exchange Act
Rule 13a-15(e) and 15d-15(e) as of December 31, 2007. Based on that evaluation,
the principal executive and financial officer concluded that as of December 31,
2007, our disclosure controls and procedures were effective at the reasonable
assurance level to ensure (i) that information required to be disclosed by us in
the reports we file or submit under the Exchange Act is recorded, processed,
summarized and reported within the time periods specified in the SEC’s rules and
forms and (ii) that information required to be disclosed in reports that we file
or submit under the Exchange Act is accumulated and communicated to our
management including our chief executive and financial officer, to allow timely
decisions regarding required disclosure.







No change
in our internal control over financial reporting (as defined in Rules 13a-15(f)
and 15d-15(f) under the Exchange Act) occurred during the fiscal quarter ended
June 30, 2008 that has materially affected, or is reasonably likely to
materially affect, the Company’s internal control over financial
reporting.
































PART
II - OTHER INFORMATION





Item
1.                      Legal
Proceedings.





None.





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.





RIDER to
10-Q





On June 24, 2008, we filed an
information statement with the SEC in order to report a pending change in the
composition of the board of directors.   The information
statement was furnished to holders of record of our common stock, in accordance
with the requirements of Section 14(f) of the Securities Exchange Act of
1934, as amended (the “Exchange Act”), and Rule 14f-1 promulgated under the
Exchange Act.No vote or other action by holders of
our common stock was required in response to the information
statement.  Our June 24, 2008 information statement reported the
following (in relevant part):





GENERAL





We intend
to enter into a share exchange agreement (the “Share Exchange Agreement”) with
Amir F. Heshmatpour (our sole stockholder, officer and director), LYH
Acquisition Corporation, a British Virgin Islands corporation (“LYH”) and Newry
Invest & Trade, Inc., a British Virgin Islands corporation and the sole
existing holder of all of the outstanding capital stock of LYH
(“Newry”).  Pursuant to the Share Exchange Agreement, the Company will
issue an aggregate of 36,000,000 shares of common stock, par value $0.001 (the
“Common Stock”) to Newry in exchange for all of the outstanding shares of common
stock of LYH (the “Share Exchange”). After the completion of the Share
Exchange, Newry would own 36,000,000 shares of our Common Stock
constituting approximately 90% of our capital stock that will be issued and
outstanding immediately after the consummation of the Share Exchange.
Immediately following the closing of the Share Exchange, the Company intends to
commence an offering of up to $15 million of equity securities at a
pre-transaction valuation of $80 million to accredited investors in a private
placement (the “Private Placement”). Depending on the amount of securities
actually sold in the Private Placement, the percentage ownership interest of
Newry in our Company will be reduced.





Upon the
consummation of the Share Exchange, we would experience a change in control,
will cease being a shell company and LYH would become our wholly-owned
subsidiary.





Additionally,
in connection with the Share Exchange, under the terms of the Share Exchange
Agreement we would experience a change in a majority of our Board of
Directors.














We have
not entered into any binding or enforceable agreement with respect to the Share
Exchange, and no such agreement is expected to be executed until the
consummation, if any, of the Share Exchange.  Accordingly, there is no
assurance that the Share Exchange will occur, or that the anticipated terms of
the Share Exchange described in this Information Statement will not change
materially prior to any consummation thereof.




CHANGE
IN CONTROL





On or
about July 5, 2008, we intend to close the transaction contemplated by Share
Exchange Agreement, the terms of which provide for a change in control of the
Company. Pursuant to the Share Exchange Agreement, the Company will issue an
aggregate of 36,000,000 shares of Common Stock to Newry in exchange for all of
theshares of
common stock of LYH.  After the completion of the Share Exchange,
Newry would own 36,000,000 shares of our Common Stock constituting
approximately 90% of our capital stock that will be issued and outstanding
immediately after the consummation of the Share Exchange. Immediately following
the closing of the Share Exchange, the Company intends to commence the Private
Placement. Depending on the amount of securities actually sold in the Private
Placement, the percentage ownership interest of Newry in our Company will be
reduced.





LYH is
the sole stockholder of WWC Corporation Ltd., a Hong Kong corporation (“WWC”)
and WWC is the sole stockholder of Jiangxi Guixi Yi Lin Copper Co., Ltd., a
Chinese Foreign Invested Enterprise (“Yi Xin Copper”). Accordingly, as a further
result of the Share Exchange, WWC and Yi Xin Copper will become indirect
subsidiaries of the Company.





As a
requirement of the Share Exchange, effective immediately prior to consummation
thereof: Amir F. Heshmatpour, the sole current member of the Board of Directors
will (i) elect Linquan Hu, Fucan Dong, Wen Y. Jiang and Ken Barun as directors
of the Company; (ii) resign as the President and Secretary of the Company; (iii)
appoint Linquan Hu as Chairman and Chief Executive Officer of the Company, Fucan
Dong as President and Chief Operating Officer of the Company, Wen Y. Jiang as
Chief Financial Officer and Secretary; and (iv) tender his resignation as a
director of the Company;provided, however, that if the closing of the Share Exchange shall occur
less than ten days after the later of the date of (i) the filing of this
Information Statement with the SEC or (ii) the mailing of this Information
Statement to our stockholders, then Mr. Heshmatpour would not resign from the
Board of Directors until the applicable ten-day period has expired.





Upon the
consummation of the Share Exchange, we would experience a change in control,
will cease being a shell company and LYH would become our wholly-owned
subsidiary.





VOTING
SECURITIES





As of
June 1, 2008, we had 4,000,000 shares of Common Stock and no shares of any other
voting or non-voting class or series of capital stock issued and outstanding.
 Each share of Common Stock is entitled to one vote.












SECURITY
OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT





Beneficial
Ownership Information as of June 1, 2008





The
following tables set forth certain information known to us with respect to the
beneficial ownership (as defined in Instruction 4 to Item 403 of
Regulation S-B under the Securities Exchange Act of 1934) of Common Stock
by (i) each person who is known by us to be the beneficial owner of more
than 5% of any class of our voting securities, (ii) each of our directors
and executive officers, and (iii) all of our executive officers and
directors as a group.





The
following information is presented as ofJune1, 2008.




Name and Address of Beneficial Owner
            
            Title of
              Class
            
            Number of
              Shares
              Beneficially
              Owned (1)
            
            Percent of
              Class (2)5% or
      Greater Stockholders:AFH
      Holding and Advisory, LLC (2)
              9595
      Wilshire Boulevard, Suite 900
              Beverly
      Hills, CA 90212
            
            Common
      Stock
            
            4,000,000
      shares
            
            100%Amir
      F. Heshmatpour
              9595
      Wilshire Boulevard, Suite 900
              Beverly
      Hills, CA 90212
            
            Common
      Stock
            
            4,000,000
      shares
            
            100%Directors
      and Named Executive Officers:Amir
      F. Heshmatpour (3)
              9595
      Wilshire Boulevard, Suite 900
              Beverly
      Hills, CA 90212
            
            Common
      Stock
            
            4,000,000
      shares (4)
            
            100%All
      directors and executive officers as a
              group
      (1 person)
            
            Common
      Stock
            
            4,000,000
      shares
            
            100%







(1) Under
Rule 13d-3, a beneficial owner of a security includes any person who, directly
or indirectly, through any contract, arrangement, understanding, relationship,
or otherwise has or shares: (i) voting power, which includes the power to vote,
or to direct the voting of shares; and (ii) investment power, which includes the
power to dispose or direct the disposition of shares. Certain shares may be
deemed to be beneficially owned by more than one person (if, for example,
persons share the power to vote or the power to dispose of the shares). In
addition, shares are deemed to be beneficially owned by a person if the person
has the right to acquire the shares (for example, upon exercise of an option)
within 60 days of the date as of which the information is provided. In computing
the percentage ownership of any person, the amount of shares outstanding is
deemed to include the amount of shares beneficially owned by such person (and
only such person) by reason of these acquisition rights. As a result, the
percentage of outstanding shares of any person as shown in this table does not
necessarily reflect the person's actual ownership or voting power with respect
to the number of shares of common stock actually outstanding.





(2) Mr.
Heshmatpour, the Managing Member of AFH Holding and Advisory, LLC (“AFH
Advisory”), has investment and voting control over the shares owned by AFH
Advisory, and therefore may be deemed to be a beneficial owner
thereof.





(3) Mr.
Heshmatpour is the Company’s President, Secretary and sole
director.





(4)
Represents shares of the Company’s common stock owned by AFH Advisory. As
Managing Member of AFH Advisory, Mr. Heshmatpour may be deemed the beneficial
owner of these shares of the Company’s common stock.





Anticipated
Beneficial Ownership Information





The
following table sets forth certain information known to us with respect to the
beneficial ownership (as defined in Instruction 4 to Item 403 of
Regulation S-B under the Securities Exchange Act of 1934) of our Common
Stock by (i) each person who is known by us to be the beneficial owner of
more than 5% of any class of our voting securities, (ii) each of our
anticipated directors and named executive officers, and (iii) all of our
executive officers and directors as a group.











The
following information is presented on a forward-looking basis assuming the
consummation of the Share Exchange. Solely for purposes of calculating the
number of shares exercisable within 60 days of consummation of the Share
Exchange, we have assumed that the Share Exchange will become effective on July
5, 2008.





Name and Address of
              Anticipated Beneficial
              Owner
            
            Title of Class
            
            Anticipated Number of Shares
              Beneficially Owned (1)
            
            Anticipated
              Percent of Class(2)Anticipated 5%
      or Greater Stockholders:Newry
      Trade & Invest, Inc. (3)
              Morgan
      & Morgan Building
              P.O.
      Box 958 Pasea Estate,
              Road
      Town, Tortola
              British
      Virgin Islands
            
            Common
      Stock
            
            36,000,000
      Shares
            
            90%AFH
      Holding and Advisory, LLC
              9595
      Wilshire Boulevard, Suite 900
              Beverly
      Hills, CA 90212
            
            Common
      Stock
            
            4,000,000 Shares
            
            10%Anticipated
      Directors and Named Executive Officers:Linquan
      Hu (4)
              Guixi
      Industry Area, Guixi District
              Yingtan
      City, Jiangxi Province
              Peoples
      Republic of China
            
            Common
      Stock
            
            ─
            
            ─Fucan
      Dong (4)
              Guixi
      Industry Area, Guixi District
              Yingtan
      City, Jiangxi Province
              Peoples
      Republic of China
            
            Common
      Stock
            
            ─
            
            ─Wen
      Y. Jiang (4)
              Guixi
      Industry Area, Guixi District
              Yingtan
      City, Jiangxi Province
              Peoples
      Republic of China
            
            Common
      Stock
            
            ─
            
            ─Ken
      Barun (4)
              14036
      Claysparrow Road
              Charlotte,
      NC 28278
            
            Common
      Stock
            
            ─
            
            ─All
      directors and executive officers as a group (4 persons)
            
            Common
      Stock
            
            ─
            
            ─






(1)
 Shares of Common Stock subject to options and warrants anticipated to be
exercisable or convertible at or within 60 days of the consummation, if any, of
the Share Exchange are deemed outstanding for computing the percentage of the
person holding such option or warrant but are not deemed outstanding for
computing the percentage of any other person. The indication herein that shares
are anticipated to be beneficially owned is not an admission
on the part of the listed stockholder that he, she or it is or will be a direct
or indirect beneficial owner of those shares.














(2) Based
upon 40,000,000 shares of Common Stock anticipated to be issued and outstanding
as of the consummation of the Share Exchange.





(3) Jing
Yu, a Norwegian national and cousin of Linquan Hu, owns 100% of Newry’s issued
and outstanding capital stock.





(4) Each
of Messrs. Hu, Dong, Jiang and Barun are special members of AFH Advisory. As
special members, they do not have investment or voting control over the shares
owned by AFH Advisory and each of them disclaims beneficial ownership of such
shares.





DIRECTORS
AND EXECUTIVE OFFICERS





Current
Directors and Executive Officers





The
following table sets forth the respective names, ages and positions of our
current directors and executive officers.





Name
            
            Age
            
            PositionAmir
      F. Heshmatpour
            
            41
            
            President,
      Secretary and Director




Amir F. Heshmatpour Mr.
Heshmatpour’s principal business occupation for the last five years has been as
a private investor. From 1994 until the end of 2002, he also served as Chairman
and Chief Executive Officer of Metrophone Telecommunications, Inc.





New
Directors and Executive Officers





Upon the
consummation of the Share Exchange, we would make the following changes to our
Board of Directors and executive officers:





·
            contemporaneously
      with the consummation of the Share Exchange, (i) the size of our Board of
      Directors would increase from one to four, (ii) Linquan Hu, Fucan Dong,
      Wen Y. Jiang and Ken Barun would be appointed directors and (iii) Mr.
      Heshmatpour would resign as a director;provided, however,
      that if the closing of the Share Exchange shall occur less than ten days
      after the later of the date of (i) the filing of this Information
      Statement with the SEC or (ii) the mailing of this Information Statement
      to our stockholders, then Mr. Heshmatpour would not resign from the Board
      of Directors until the applicable ten-day period has expired;
      and





·
            Mr.
      Heshmatpour would resign as an officer of the company and our Board of
      Directors would appoint Linquan Hu as Chairman of our Board of Directors
      and Chief Executive Officer, Fucan Dong as President and Chief Operating
      Officer, Wen Y. Jiang as Chief Financial Officer and as
      Secretary.











The
following table sets forth the respective names, ages and positions of our
anticipated directors, and executive officers on a forward-looking basis
assuming the Share Exchange is consummated. All of the directors identified
below will become members of the Board of Directors contemporaneously with the
consummation of the Share Exchange.





Names of Anticipated Officers
              and Directors
            
            Age
            
            PositionLinquan Hu
              Guixi Industry Area,
      Guixi District
              Yingtan
      City, Jiangxi Province
              Peoples
      Republic of China
            
            44
            
            Chairman
      of the Board and Chief Executive OfficerFucan
      Dong
              Guixi
      Industry Area, Guixi District
              Yingtan
      City, Jiangxi Province
              Peoples
      Republic of China
            
            40
            
            President,
      Chief Operating Officer and DirectorWen
      Y. Jiang
              Guixi
      Industry Area, Guixi District
              Yingtan
      City, Jiangxi Province
              Peoples
      Republic of China
            
            45
            
            Chief
      Financial Officer, Secretary and DirectorKen
      Barun
              14036
      Claysparrow Road
              Charlotte,
      NC 28278
            
            60
            
            Director





Anticipated
Executive Officers and Directors





Linquan Hu will serve as our
Chairman of the Board of Directors and Chief Executive Officer following
consummation of the Share Exchange. Mr. Hu has served as Chief Executive Officer
of Yi Xin Copper since April 2006. Prior to that he co-founded Taizhou Guangda
Packaging Co., Ltd., a packaging and printing company in Zhejiang City, Peoples
Republic of China, and served as its General Manager from 2002 to 2006. Mr. Hu
holds a Bachelor of Education degree in Physical Education from Zhejiang Normal
University.





Fucan Dong will serve as our
President and Chief Operating Officer and as a director following consummation
of the Share Exchange. Mr. Dong has served as Chief Operating Officer of Yi Xin
Copper since April 2006. Prior to that, he was the President of Henan Zhengzhou
Xiandai Chemistry Co., Ltd. from June 1998. Since 2002, he has been the Vice
President of the Taizhou City Chamber of Commerce in Zhengzhou City, and since
2003 he has served as the Vice Secretary of the Zhejiang Province Chamber of
Commerce in Zhengzhou City. Mr. Dong holds an Masters degree in Business
Administration from Zhengzhou University and an Associate Bachelor Degree in
Business Administration from Henan University of Finance and
Economics.





Wen Y. Jiang will serve as a
director and as Chief Financial Officer and Secretary following consummation of
the Share Exchange. Mr. Jiang has served as Chief Financial Officer of Yi Xin
Copper since November 2007. Prior to that he founded and managed Wen Jiang &
Company, PC, a certified public accounting firm based in Portland Oregon. Mr.
Jiang is a licensed certified public accountant in Oregon and is registered with
the Public Company Accounting Oversight Board. Mr. Jiang has Bachelor of Science
degree in Accounting from Eastern Oregon University.




Ken Barun will serve as a
director following consummation of the Share Exchange. Since March 2007, Mr.
Barun has served as Senior Vice President, Communications and Development, of
the Billy Graham Evangelistic Association. From 1986 to March 2007, he served in
various capacities with McDonald’s Corporation, including as Corporate Senior
Vice President, Corporate Social Responsibility and Philanthropy and as
President and CEO of Ronald McDonald House Charities Worldwide. Mr. Barun also
was employed from 1983 to 1986 as Director of Project and Policy, Office of the
First Lady at the White House in Washington, D.C. and by the Cenikor Foundation,
Inc. from 1972 to 1983. Mr. Barun holds a Bachelor of Science degree in
Sociology from the University of Houston.














BOARD
OF DIRECTORS
 
 Audit,
Nominating and Compensation Committees


Our Board
of Directors does not have standing audit, nominating or compensation
committees. Currently, we have only limited resources.  Instead, the
functions that might be delegated to such committees are carried out by our
Board of Directors, to the extent required.  Our Board of Directors
believes that the cost of establishing such committees, including the costs
necessary to recruit and retain qualified independent directors to serve on our
Board of Directors and such committees and the legal costs to properly form and
document the authority, policies and procedures of such committees are not
justified under our current circumstances.  After the consummation of the
Share Exchange and our acquisition of Yi Xin Copper’s business, assuming that
the Share Exchange is consummated, we expect to create one or more of such
committees as determined by our Board of Directors, provided that we will be
required to have audit and compensation committees when, and if, our shares of
Common Stock commence trading on the Nasdaq Capital or Global Market or on a
national securities exchange.





Board
of Directors’ Meetings





No
meetings of the Board of Directors were held in the last fiscal
year.  The Board of Directors acted by unanimous written consent four
times during the last fiscal year.





Director
Independence





At this
time, the Company is not subject to the requirements of a national securities
exchange or an inter-dealer quotation system with respect to the need to have a
majority of its directors be independent.




COMPLIANCE
WITH SECTION 16(a) OF THE SECURITIES EXCHANGE ACT OF 1934





Section 16(a)
of the Securities Exchange Act requires the Company’s directors and officers,
and persons who beneficially own more than 10% of a registered class of the
Company’s equity securities, to file reports of beneficial ownership and changes
in beneficial ownership of the Company’s securities with the SEC on
Forms 3, 4 and 5. Officers, directors and greater than 10% stockholders are
required by SEC regulation to furnish the Company with copies of all Section
16(a) forms they file.





Based
solely on the Company’s review of the copies of the forms received by it during
the Company’s current fiscal year through the date of this Information
Statement, and written representations that no other reports were required, the
Company believes that that all reports required to be filed by Section 16(a)
were filed on a timely basis except the initial Form 3 filed by Lauren Scott on
September 6, 2007 to report her beneficial ownership of the Company’s securities
and her position as a director, officer and 10% shareholder.





COMPENSATION
OF COMPANY EXECUTIVE OFFICERS AND DIRECTORS





During
the fiscal year ended December 31, 2008, the Company’s directors and executive
officers served without compensation. The Company does not have health
insurance, retirement, pension, profit sharing, stock options, or other similar
programs for the benefit of our employees.





CERTAIN
RELATIONSHIPS AND RELATED TRANSACTIONS





Except
for the ownership of the Company’s securities, and except as set forth in the
following paragraphs, none of the directors, executive officers, holders of more
than five percent of the Company’s outstanding shares of Common Stock, or any
member of the immediate family of such person, have, to the knowledge of the
Company, had a material interest, direct or indirect, during the two years ended
December 31, 2006 and 2007, in any transaction or proposed transaction which may
materially affect the Company.





Amir F.
Heshmatpour is the Managing Member of AFH Advisory and the sole director and
officer of the Company. Currently, AFH Advisory owns all of the issued and
outstanding shares of the Company. Following the consummation
of the Share Exchange, and without giving effect to the anticipated Private
Placement, AFH Advisory will own 10% of our issued and outstanding
stock.














We have
engaged AFH Advisory as an advisor in connection with the transactions
contemplated by the Share Exchange. As consideration for its services, AFH
Advisory will receive fees from the Company in the amount of $175,000, of which
$75,000 has been received by AFH Advisory as a non-refundable deposit and
$100,000 will be payable upon consummation of the Share Exchange. In addition,
we have agreed to reimburse AFH Advisory for its reasonable attorneys fees
incurred in connection with the Share Exchange in an amount not to exceed
$75,000.





Yu Hu,
the daughter of Linquan Hu and niece of Jing Yu, is a party to a consulting
agreement and special member admission agreement with AFH Advisory and has been
admitted as a special member of AFH Advisory as of October 15, 2007, with no
right to receive distributions, no voting rights, and no obligation to make
capital contributions. Pursuant to such consulting agreement and special member
admission agreement, Yu Hu paid $500,000 in exchange for receiving 250,000
shares in the merged company in any alternative public offering involving a
blank check shell company organized by AFH Advisory, except that if such
alternative public offering involves a Chinese company that was introduced to
AFH Advisory by Yu Hu, she shall receive 1% of the shares of the merged company,
up to a maximum of seven such transactions. Notwithstanding the foregoing, Yu Hu
shall receive no shares of Yi Xin, and shall not receive shares of one other
specific company with which a blank check shell company organized by AFH
Advisory may enter into an alternative public offering. Pursuant to the
consulting agreement, Yu Hu may also provide services to AFH Advisory such as
running AFH Advisory’s office in China, advising AFH on transactions, and
assisting AFH Advisory in finding investors for alternative public offerings.
The consulting agreement, and Yu Hu’s right to receive shares in merged
companies from alternative public offerings pursuant to the consulting agreement
and special member admission agreement, shall terminate on October 15, 2010
unless earlier terminated pursuant to the terms of the consulting agreement and
special member admission agreement.





Ken
Barun, who will become a member of our Board of Directors upon consummation of
the Share Exchange, is a party to a consulting agreement and special member
admission agreement with AFH Advisory and has been admitted as a special member
of AFH Advisory as of June 2, 2008, with no right to receive distributions, no
voting rights, and no obligation to make capital contributions. Pursuant to such
consulting agreement and special member admission agreement, Mr. Barun paid
$250,000 in exchange for receiving 125,000 shares in the merged company in any
alternative public offering involving a blank check shell company organized by
AFH Advisory, except that if such alternative public offering involves a company
that was introduced to AFH Advisory by Mr. Barun, he shall receive 1% of the
shares of the merged company. Notwithstanding the foregoing, Mr. Barun shall
receive no shares of any portfolio company which has signed a letter of intent
or reached an understanding or agreement with AHF Advisory prior to June 2,
2008. Mr. Barun’s right to receive shares in merged companies from alternative
public offerings pursuant to the consulting agreement and special member
admission agreement, shall terminate on June 2, 2011 unless earlier terminated
pursuant to the terms of the special member admission agreement.





Mr. Barun
is also a party to a consulting agreement with the Company pursuant to which Mr.
Barun provides services to the Company such as (i) assisting our Board of
Directors with the establishment of a compliance committee and a compensation
committee and preparing charters for such committees, (ii) assisting our Board
of Directors in certain administrative matters such as developing agendas for
Board of Director and committee meetings, (iii) providing input on the quality,
quantity and timeliness of information flow between our management and our Board
of Directors and (iv) consulting with members of our Board of Directors and our
Chief executive Officer on corporate governance practices and policies. The
consulting agreement also provides that Mr. Barun will serve as a member of our
Board of Directors until the next annual meeting of our stockholders. As
consideration for his services, Mr. Barun receives a monthly retainer of $8,000.
In addition, following the consummation of the Share Exchange, Mr. Barun will be
issued 125,000 shares of our Common Stock. The consulting agreement has a term
of one year unless earlier terminated pursuant to the terms of the consulting
agreement and special member admission agreement.








Linquan
Hu and Fucan Dong have entered into an agreement with Newry pursuant to which
they are entitled to receive 49% of Newry’s holdings of our Company Stock if the
Company meets certain performance targets for each of the 12 month periods
ending June 30, 2009 and June 30, 2010.




In 2007,
Yi Xin Copper purchased approximately $152 million in copper scrap from Guixi
Fangyuan Recycling Company. Fucan Dong’s wife owns 49% of the outstanding equity
of Guixi Fangyuan Recycling Company.





In 2007,
Yi Xin Copper had sales of approximately $7.7 million to Taizhou Wuhe Copper
Company. Linquan Hu owns 51% of the outstanding equity of Taizhou Wuhe Copper
Company.





Except as
set forth above, no executive officer, present director, or any member of these
individuals’ immediate families, any corporation or organization with whom any
of these individuals is an affiliate or any trust or estate in which any of
these individuals serve as a trustee or in a similar capacity or has a
substantial beneficial interest in is or has been indebted to the Company at any
time since the beginning of the Company’s last fiscal year.





Item
6.                      Exhibits.





3.1
            
            Certificate
      of Incorporation, as filed with the Delaware Secretary of State on April
      16, 2007 (1)3.2
            
            By-Laws
      (1)31.1
            
            Certification
      of Principal Executive Officer pursuant to Section 302 of Sarbanes-Oxley
      Act of 2002*31.2
            
            Certification
      of Principal Financial and Accounting Officer pursuant to Section 302 of
      Sarbanes-Oxley Act of 2002*32.1
            
            Certification
      pursuant to Section 906 of Sarbanes Oxley Act of
  2002*




*
            Filed
      herewith.




(1)
            Filed
      as an exhibit to the Company’s Registration Statement on Form 10-SB, as
      filed with the Securities and Exchange Commission on June 13, 2007, and
      incorporated herein by reference.

















SIGNATURES





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






AFH
      Holding I, Inc.(Registrant)Date: August 7,
      2008
              By:
              /s/
      Amir F.
      HeshmatpourAmir F.
      Heshmatpour, President