SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
March 2, 2012
Date of Report
(Date of Earliest Event Reported)
FUN WORLD MEDIA, INC.
(Exact Name of Registrant as Specified in its Charter)
DE YANG INTERNATIONAL GROUP LTD.
(Former name of Registrant)
Delaware 000-54146 27-3566984
(State or other (Commission File Number) (IRS Employer
jurisdiction Identification Number)
of incorporation)
1230 Chanruss Place
Beverly Hills, California 90210
(Address of Principal Executive Offices)
240 KM, Freeway No. 324 Xiashaxi,
Neicuo Town, Xiangan District, Xiamen,
Fujian, China 361101
(Former Address of Principal Executive Offices)
310/804-3319
(Registrant's Telephone Number)
ITEM 5.01 Changes in Control of Registrant
The following events occurred which resulted in a change of
control of the Registrant:
1. On March 2, 2012, the shareholders of the Corporation
elected new directors and the existing directors of the Corporation
resigned and simultaneously the then officers of the Corporation resigned
and new officers were appointed.
2 On March 2, 2012, Mr. Yanshi (Steven) Chen, the owner of
17,000,000 shares of the Registrant's common stock and DEP Group (a
BVI corporation), the owner of 2,500,000 shares of the Registrant's
common stock, transferred all such shares aggregating 19,500,000 shares
of the outstanding 20,000,000 shares (97.5%) of the Registrant's common
stock to Joseph Merhi for an aggregate purchase price of $95,000.
The disclosure required by Item 5.01(a)(8) of Form 8-K was
previously filed with the Securities and Exchange Commission on Form
10-12G on October 7, 2010 as updated by the Annual Reports on Form 10-
K filed on March 30, 2010 and Quarterly Reports on Form 10-Q filed
January 26, 2011, May 13, 2011, August 19, 2011, and November 14,
2011 and the Report on Form 8-K filed August 30, 2011 and as
supplemented by the information contained in this report.
The registrant anticipates that it may enter into a business
combination with an operating entertainment and hospitality business
located in the State of Nevada. No agreements have been reached on terms
of any such possible combination and no contracts nor other documents
have been executed. Such entertainment and hospitality business was
founded in 2011 by the Chief Executive Officer of the Registrant and it is
in the process of obtaining audited financial statements. The Registrant
will not make a decision on any such possible combination until it receives
the financial report of such possible target company and management has
the opportunity to review and evaluate the report.
ITEM 5.02 Departure of Directors or Principal Officers; Election of
Directors
On March 2, 2012, Yanshi (Steven) Chen resigned as the
Registrant's President and director.
On March 2, 2012, Zhengzhi Ye Chen resigned as the Registrant's
Chief Financial Officer and director.
On March 2, 2012, Chengwen (Vincent) resigned as the
Registrant's Chief Executive Officer and director.
On March 2, 2012, Shengmo (Eric) Chen resigned as the
Registrant's director.
On March 2, 2012, Enping Deng resigned as the Registrant's
director.
On March 2, 2012 the following person was elected to the Board of
Directors of the Registrant:
Joseph Merhi (Chairman of the Board)
On March 12, 2012 the following person was appointed to the
following offices of the Registrant:
Joseph Merhi Chief Executive Officer
Joseph Merhi serves as Chief Executive Officer and a director of
the Registrant. Mr. Merhi has over thirty years experience in the
entertainment field and has served as a producer or executive producer
on over 100 films since 1986. Mr. Merhi has been a member of Montage
Entertainment LLC since 2006, a company focused on international sales
and distribution of films. The company produced "Columbus Day" starring
Val Kilmer. From 2002 to 2004, Mr. Merhi served as a producer on several
films for Warner Brothers and Franchise Pictures, including the highly
anticipated sequel "The Whole Ten Yards", "Alex and Emma" and "Spartan".
Since 1999, Mr. Merhi has also developed several real estate projects,
including the only sound stage in Las Vegas, Nevada, where content is
currently being produced, and plans for boutique hotels in West Hollywood,
California, and Las Vegas, Nevada. Mr. Merhi began his career in 1986
with the formation of PM Entertainment which produced, financed and
distributed over 100 feature length films and two successful TV shows
before it was sold to Echo Bridge in 1999.
ITEM 5.03 Amendments to Articles of Incorporation
On March 2, 2012 the shareholders of the Corporation and the
Board of Directors unanimously approved the change of the Registrant's
name to Fun World Media, Inc. and filed such change with the State of
Delaware.
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 hereunder duly authorized.
FUN WORLD MEDIA, INC.
Formerly:
De Yang International Group Ltd.
Date: 3/13/2012 /s/ Joseph Merhi
Chief Executive Office
