UNITED STATES

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

Date of Report (Date of earliest event reported): ~~December~~March 3128, ~~2010~~2011

Buddha Steel, Inc.

(Exact name of registrant as specified in its charter)

Delaware	000-52269	13-4260316
(State or Other Jurisdiction	(Commission	(I.R.S. Employer
of Incorporation)	File Number)	Identification No.)

Dachang Hui Autonomous County Industrial Park

Hebei, 065300 People’s Republic of China

(Address of Principal Executive Office) (Zip Code)

Telephone – +86 316 8864783

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~ITEM 4~~Item 1.0201 ~~NON-RELIANCE~~Entry ONinto ~~PREVIOUSLY~~a ~~ISSUED~~Material ~~FINANCIAL~~Definitive ~~STATEMENTS OR A RELATED AUDIT REPORT OR COMPLETED INTERIM REVIEW.~~Agreement

On ~~December~~ 31March 22, ~~2010~~2011, ~~the~~Buddha ~~Chief~~Steel, ~~Financial~~Inc., ~~Officer~~a ofDelaware ~~the~~corporation ~~Registrant~~ (~~who is authorized to take such action~~“Buddha”); ~~concluded that~~ the ~~unaudited~~majority ~~consolidated financial~~shareholder ~~statements~~of ~~included~~Buddha; inGold ~~the~~Promise ~~Registrant’s~~(Hong ~~Quarterly~~Kong) ~~Reports~~Group onCo., ~~Form~~Limited, ~~10-Q for~~a ~~the~~Hong ~~three~~Kong ~~months~~Corporation ~~ended~~(“Gold ~~June~~Promise”); ~~30,~~Hebei ~~2010~~Anbang ~~and~~Investment ~~September~~Consultation 30Co., ~~2010~~Ltd., ~~and~~a inChinese ~~the Registrant’s~~company ~~Current~~(“HAIC”); ~~Report~~and onDachang ~~Form~~Hui ~~8-K~~Autonomous ~~filed~~County onBaosheng ~~April~~Steel 30Products Co., ~~2010~~Ltd., ~~which~~a ~~included audited~~Chinese ~~financial~~company ~~statements~~(“Baosheng ~~for~~Steel”) ~~the~~entered ~~years~~into ~~ended~~a ~~December~~Termination ~~31,~~Agreement ~~2009 and 2008~~ (the “~~Original~~Termination ~~Filings~~Agreement”), ~~should~~pursuant ~~no longer be relied upon due~~ to anwhich ~~understatement~~the ~~of provisions~~parties ~~for~~terminated ~~income~~the ~~taxes~~Consulting inServices ~~such~~Agreement; ~~periods.~~Operating ~~This~~Agreement; ~~understatement~~Voting ~~resulted~~Rights inProxy ~~an overstatement~~Agreement; ofOption ~~net~~Agreement ~~income,~~and ~~comprehensive~~Equity ~~income~~Pledge ~~and~~Agreement ~~income~~all ~~per~~dated ~~share~~as of ~~common stock~~April 2, ~~and~~2010 ~~an understatement~~(collectively, ofthe ~~tax~~“Control ~~liability during each period presented~~Agreements”).

~~Management and~~In March 2011, Baosheng Steel was advised by local governmental authorities in Hebei Province of the ~~Registrant~~People’s ~~Board~~Republic of ~~Directors~~China ~~brought~~that ~~this~~the ~~matter~~Control toAgreements ~~the~~contravene ~~attention~~current ~~of and~~Chinese ~~discussed~~management ~~this~~policies ~~matter~~related ~~with~~to ~~the~~foreign-invested ~~Registrant’s~~enterprises ~~independent~~and, ~~registered~~as a result, are against public ~~accounting~~ ~~firm~~policy.

The ~~Registrant~~ ~~filed~~parties isdetermined ~~currently~~that ~~working~~it ~~with~~was fair to and in the ~~Registrant’s~~best ~~independent registered~~interests ~~public~~of ~~accounting~~their ~~firm~~respective corporations and shareholders to ~~amend~~terminate the ~~Original~~Control ~~Filings~~Agreements ab initio as if they never occurred, upon the terms and subject to ~~address~~the conditions set forth in the ~~matters~~ ~~described~~Termination ~~above~~Agreement. Shareholders holding a majority of Buddha’s issued and outstanding common stock also approved the Termination Agreement.

~~ITEM 8~~Pursuant to the Termination Agreement, the Control Agreements have been terminated, and any claims to payment for services thereunder have been waived.01 Moreover, ~~OTHER~~Buddha, ~~EVENTS~~Gold Promise and HAIC have agreed to repay immediately any amounts that were actually paid under the Control Agreements. As a result of the Termination Agreement, Buddha has resumed its status as a shell company by virtue of having no active operations or contractual agreements with any entity with active operations. The financial statements and information contained in Buddha’s Quarterly Reports on Form 10-Q for the three months ended June 30, 2010 and September 30, 2010, should no longer be relied upon as a result of the termination of the Control Agreements.

~~On December~~As ~~31,~~a ~~2010,~~result of the ~~Registrant~~Termination ~~filed~~Agreement aand ~~press~~return ~~release~~of ~~regarding~~Buddha ~~the Registrant’s~~to ~~engagement~~its ofprior ~~Brook~~status &as ~~Harvest~~a ~~Management~~shell ~~Consulting Co.~~company, ~~Ltd. to~~Buddha ~~assist~~further ~~the~~determined ~~Registrant~~to inrequest ~~meeting~~withdrawal ~~its~~of ~~Sarbanes-Oxley~~the ~~obligations.~~Registration AStatement ~~copy~~previously ~~of the~~filed ~~press~~with ~~release~~the ~~announcing~~U.S. ~~this~~Securities ~~engagement~~and isExchange ~~attached~~Commission, ~~hereto~~effective ~~as Exhibit 99~~immediately.1.

~~ITEM 9~~Item 1.0102 ~~FINANCIAL~~Termination ~~STATEMENTS~~of ~~AND~~a ~~EXHIBITS.~~Material Definitive Agreement

~~(a) Financial~~On ~~statements~~March of22, ~~businesses~~2011, ~~acquired~~Buddha caused its wholly owned subsidiary HAIC to terminate the Control Agreements effective immediately. Item 1.01 is incorporated by reference.

~~Not Applicable~~Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.

~~(b) Pro~~As ~~forma~~a result of the Termination Agreement, the financial statements and information contained in Buddha’s Quarterly Reports on Form 10-Q for the three months ended June 30, 2010 and September 30, 2010, should no longer be relied upon. Item 1.01 is incorporated by reference. Buddha’s chief financial officer, an authorized officer of Buddha, discussed the matters referenced in this Item 4.02 with Buddha’s independent public accounting firm.

~~Not Applicable~~Item 5.06 Change in Shell Company Status.

~~(c) Shell~~ As a result of the Termination Agreement, Buddha is a shell company. ~~transactions~~Item 1.01 is incorporated by reference.

~~Not Applicable~~Item 9.01 Financial Statements and Exhibits.

(d)

Exhibits.

9910.1 ~~Press~~ ~~release~~Termination Agreement dated ~~December~~March 3122, ~~2010, entitled “Buddha Steel Appoints Brook & Harvest as SOX Compliance Consultant”~~2011.

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

~~BUDDHA STEEL, INC.~~	BUDDHA STEEL, INC.
~~By:~~	~~/s/ Yuanmei Ma~~By:	/s/ Hongzhong Li
	Yuanmei Ma
		Hongzhong Li
	Chief Financial Officer
		Chief Executive Officer
Dated: December 31, 2010
	Dated: March 28, 2011

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