UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 12b-25
NOTIFICATION OF LATE FILING
|_| Form 10-K |_| Form 20-F |_| Form 11-K |X| Form 10-Q |_| Form N-SAR
For Period Ended September 30, 2008
Commission file number 333-137134
PART I - REGISTRANT INFORMATION
JADE ART GROUP INC.
(Exact name of Registrant as specified in its charter)
NEVADA 71-1021813
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(State of other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification Number)
#35, Baita Zhong Road,
Yujiang County, Jiangxi Province, P.R. of China 335200
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Address of principal executive offices
Registrant's telephone number, including area code: (646)-200-6328
PART II - RULES 12b-25(b) AND c)
If the subject report could not be filed without unreasonable effort or
expense and the Registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check if appropriate).
|_| (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
(b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, Form 11-K, Form N-SAR, or Form N-CSR, or portion
thereof, will be filed on or before the fifteenth calendar day following
|X| the prescribed due date; or the subject quarterly report or transition
report on Form 10-Q or subject distribution report on Form 10-D, or
portion thereof will be filed on or before the fifth calendar day
following the prescribed due date; and
|_| (c) The accountant's statements or other exhibit required by Rule
12b-25(c) has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR,
N-CSR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
The Company could not file its Form 10Q for the quarter ended September 30, 2008
within the prescribed time period (i.e., prior to 5:30 p.m. on November 14,
2008) due to the focus of the Company's senior management in China on the
startup of the Company's operations after a three month interruption which had
been caused by an earthquake in China and on related matters.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Chen-Qing Luo (646) 200-6328
Name Area Code Telephone Number
(2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 or the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period that
the Registrant was required to file such reports been filed? If answer is
no, identify report(s).
|X| Yes |_| No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected
by the earnings statements to be included in the subject report or portion
thereof?
|X| Yes |_| No
If so, attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.
Net income for the three months ended September 30, 2008 was $3,961,646 in
comparison to $2,731,165 for the three months ended September 30, 2007. Net
income for the nine months ended September 30, 2008 was $68,377,528 in
comparison to $6,724,082 for the nine months ended September 30, 2007.
Earnings per share (diluted) for the three months ended September 30, 2008 were
$0.05 in comparison to $0.04 for the three months ended September 30, 2007.
Earnings per share (diluted) for the nine months ended September 30, 2008 were
$0.84 in comparison to $0.09 for the nine months ended September 30, 2007.
The net income and earnings per share for fiscal year 2007 related entirely to
discontinued operations due to the disposal by the Company of its previous wood
carving business in exchange for the right to sell and distribute raw jade.
Jade Art Group Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: November 14, 2008 /s/ Chen-Qing Luo
Chen-Qing Luo, Chief Financial Officer