NOTE 1 ORGANIZATION Studio II Brands, Inc. (the ?Company?) was formed on May 6, 1996 in the State of Florida. The Company?s activities before February, 2011 were primarily directed towards the raising of capital and seeking business opportunities. The Company has transitioned from its development stage to operational activities as of February 10, 2011. On February 10, 2011, the Company entered into and consummated a share exchange agreement with Hippo Lace Limited (?HLL?), a BVI corporation and Mr. Gu Yao (?Gu?), the sole stockholder of HLL to acquire Gu?s 100% interests of HLL and its wholly owned subsidiary, Legend Sun Limited (?Legend Sun?) a limited liability company incorporated and domiciled in Hong Kong and its principal activity is to provide catering services in Hong Kong. In conjunction with the acquisition, the Company completed the closing of the exchange transaction under the terms of the Exchange Agreement and Supplementary Agreement on February 10, 2011 by issued 2,291,100 shares of its Common Stock to Gu as consideration (i) to acquire all of the issued and outstanding shares of HLL owned by Gu valued at $34,450 or approximately $0.015 per share, and (ii) to pay off the outstanding stockholder loan owed to Gu Yao by HLL. Accordingly, after completion of the transaction described above, the outstanding stockholder loan in the amount of $184,226 was owed by HLL to the Company. On March 29, 2012, the Company through its subsidiary HLL entered into and consummated a stock purchase agreement with Sino Wish Limited (?Sino Wish?) and Ms Vivian Choi (?Vivian?), the sole stockholder of Sino Wish to (i) acquire Vivian?s 100% interests of Sino Wish which is incorporated and domiciled in Hong Kong as a Company?s franchisee to operate Caffé Kenon restaurant at Tai Yau Plaza, Hong Kong, and (ii) repay the stockholder?s loan from Vivian to HLL. The purchase price for the acquisition of Sino Wish amounted to $280,000, and was determined through arm?s length negotiation. A total of $191,002 was paid through issuan