SOYO Group Inc (SOYO)

[MWM]

Item 1.01 Entering Into a Multi-year Licensing Agreement with Significant Minimum Royalty Payments

(a) SOYO Group Inc. has signed a license agreement with Honeywell International Properties Inc. and Honeywell International Inc., effective January 1st 2007, under which SOYO will supply and market certain consumer electronics products under the Honeywell Brand. Negotiations were concluded between the parties, and the final agreement was signed by authorized Honeywell Executives in January 2007. The agreement has been counter-signed by SOYO Group Inc.'s CEO on February 8th, 2007 and is now in effect.

(b) The agreement is for a minimum period of 6.5 (six point five) years and calls for the payment of MINIMUM royalties by SOYO to Honeywell totaling $3,840,000 (Three Million, Eight Hundred and Forty Thousand Dollars U.S.). Sales levels in excess of minimum agreed targets will result in associated increases in the royalty payments due.

(c) SOYO Group, Inc. will update shareholders regarding product launch dates and other relevant information through its web site www.soyo.com or through future press releases.


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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SOYO GROUP, INC.
(Registrant)


Date: February 8, 2007 By: /s/ MING CHOK
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Ming Chok, CEO