NOTE 15 - SUBSEQUENT EVENTS
On September 29, 2011, the Companys Board of Directors adopted a resolution to amend the Certificate of Incorporation so as to change the name of the Company to Huayue Electronics, Inc. A certificate of amendment of the Certificate of Incorporation has been filed with the Delaware Secretary of State and it will become effective on November 2, 2011. We reported the consolidated financial statements as of August 31, 2011 and for the three months ended August 31, 2011 under HXT Holdings, Inc. But from the second quarter of 2011 onward, the Companys consolidated financial statements will be reported under the new name, Huayue Electronics, Inc. |