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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Pursuant to Section 13 OR 15(d) of the Securities
Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">Date of Report (Date of earliest event reported)&nbsp;&nbsp;&nbsp;&nbsp;<U>January
6, 2012</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center; text-justify: inter-ideograph">China Electronics Holdings, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; text-justify: inter-ideograph">(Exact name of registrant as specified in its charter)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; border-bottom: black 1.5pt solid; text-align: center; text-justify: inter-ideograph">Nevada</TD>
    <TD STYLE="width: 33%; border-bottom: black 1.5pt solid; text-align: center; text-justify: inter-ideograph">333-152535</TD>
    <TD STYLE="width: 34%; border-bottom: black 1.5pt solid; text-align: center; text-justify: inter-ideograph">98-0550385</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; text-justify: inter-ideograph">(State or other jurisdiction</TD>
    <TD STYLE="text-align: center; text-justify: inter-ideograph">(Commission</TD>
    <TD STYLE="text-align: center; text-justify: inter-ideograph">(I.R.S. Employer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; text-justify: inter-ideograph">of incorporation)</TD>
    <TD STYLE="text-align: center; text-justify: inter-ideograph">File Number)</TD>
    <TD STYLE="text-align: center; text-justify: inter-ideograph">Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1.5pt solid">Building G-08, Guangcai Market, Foziling West Road, Lu&rsquo;an City, Anhui Province, PRC</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; text-align: center; text-justify: inter-ideograph; vertical-align: bottom">237001&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; text-justify: inter-ideograph">(Address of principal executive offices)</TD>
    <TD STYLE="text-align: center; text-justify: inter-ideograph">(Zip Code)</TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">Registrant&rsquo;s telephone number, including
area code 011-86-564-3224888</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: black 1.5pt solid; text-align: center; text-justify: inter-ideograph">Buyonate, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; text-justify: inter-ideograph">(Former name or former address, if changed since last report.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">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:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;<B>EXPLANATORY NOTE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">This Current Report on Form 8-K is being filed
to advise the reader of an error in the computation of the weighted average number of shares outstanding for the year ended December
31, 2010, as reported in Company&rsquo;s Report on Form 10-K for the year ended December 31, 2010 filed on August 18, 2011.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><B>ITEM 9.01&nbsp;FINANCIAL STATEMENTS, PRO FORMA
FINANCIAL INFORMATION AND EXHIBITS.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial statements
of business acquired.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">On January 3, 2012, the Company indentified an
error in the computation of the weighted average number of shares outstanding for the year ended December 31, 2010, as reported
in the Company&rsquo;s annual report on Form 10-K for the year ended December 31, 2010. The weighted average number of shares,
basic and diluted, initially reported to be outstanding for 2010 was less than the actual number, which resulted in an overstatement
of the amounts reported as earnings per share, basic and diluted, for 2010. Set forth below are the numbers as initially reported
and as revised to correct the computational error:</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">December 31, 2010 <BR>As Reported</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">December 31, 2010 <BR>As Restated</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="width: 59%; text-align: left">Earnings per share - basic</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">1.23</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">0.8</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="text-align: left">Earnings per share - diluted</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1.09</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.7</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="text-align: left">Basic weighted average shares outstanding</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,717,191</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,619,64</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="text-align: left">Diluted weighted average shares outstanding</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,184,288</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17,087,38</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">(c)&nbsp;&nbsp;&nbsp;&nbsp; Not Applicable</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Signature</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">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 hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: left; text-justify: inter-ideograph">&nbsp;</TD>
    <TD STYLE="width: 50%; text-align: left; text-justify: inter-ideograph">CHINA&nbsp;ELECTRONICS&nbsp;HOLDINGS,&nbsp;INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-justify: inter-ideograph">&nbsp;</TD>
    <TD STYLE="text-align: left; text-justify: inter-ideograph">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-justify: inter-ideograph">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; text-align: left; text-justify: inter-ideograph">By: /s/ Hailong Liu</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-justify: inter-ideograph">&nbsp;</TD>
    <TD STYLE="text-align: left; text-justify: inter-ideograph">Name: Hailong Liu</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-justify: inter-ideograph">&nbsp;</TD>
    <TD STYLE="text-align: left; text-justify: inter-ideograph">Title:&nbsp; President, Chief Executive Officer and Chief Financial Officer</P>


</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-justify: inter-ideograph">&nbsp;</TD>
    <TD STYLE="text-align: left; text-justify: inter-ideograph"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-justify: inter-ideograph">Date: January 6, 2012</TD>
    <TD STYLE="text-align: left; text-justify: inter-ideograph">&nbsp;</TD></TR>
</TABLE>
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{"company-data": {"conformed-name": "China Electronics Holdings, Inc.", "cik": "0001440770", "assigned-sic": "5700", "irs-number": "980550385", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-152535", "film-number": "12515235"}, "business-address": {"street1": "BUILDING 3, BINHE DISTRICT,", "street2": "LONGHE EAST ROAD", "city": "LU AN CITY, ANHUI PROVINCE", "state": "F4", "zip": "237000", "phone": "011-86-564-3224888"}, "mail-address": {"street1": "BUILDING 3, BINHE DISTRICT,", "street2": "LONGHE EAST ROAD", "city": "LU AN CITY, ANHUI PROVINCE", "state": "F4", "zip": "237000"}, "former-company": {"former-conformed-name": "Buyonate Inc.", "date-changed": "20080723"}}
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)
January
6, 2012
China Electronics Holdings, Inc.
(Exact name of registrant as specified in its charter)
Nevada
333-152535
98-0550385
(State or other jurisdiction
(Commission
(I.R.S. Employer
of incorporation)
File Number)
Identification No.)
Building G-08, Guangcai Market, Foziling West Road, Lu'an City, Anhui Province, PRC
237001
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including
area code 011-86-564-3224888
Buyonate, Inc.
(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))
EXPLANATORY NOTE
This Current Report on Form 8-K is being filed
to advise the reader of an error in the computation of the weighted average number of shares outstanding for the year ended December
31, 2010, as reported in Company's Report on Form 10-K for the year ended December 31, 2010 filed on August 18, 2011.
ITEM 9.01 FINANCIAL STATEMENTS, PRO FORMA
FINANCIAL INFORMATION AND EXHIBITS.
(a)     Financial statements
of business acquired.
On January 3, 2012, the Company indentified an
error in the computation of the weighted average number of shares outstanding for the year ended December 31, 2010, as reported
in the Company's annual report on Form 10-K for the year ended December 31, 2010. The weighted average number of shares,
basic and diluted, initially reported to be outstanding for 2010 was less than the actual number, which resulted in an overstatement
of the amounts reported as earnings per share, basic and diluted, for 2010. Set forth below are the numbers as initially reported
and as revised to correct the computational error:
December 31, 2010
As Reported
December 31, 2010
As Restated
Earnings per share - basic
$
1.23
$
0.8
Earnings per share - diluted
$
1.09
$
0.7
Basic weighted average shares outstanding
10,717,191
15,619,64
Diluted weighted average shares outstanding
12,184,288
17,087,38
(b)     Not Applicable.
(c)     Not Applicable
(d)     Not Applicable.
Signature
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 hereunto duly authorized.
CHINA ELECTRONICS HOLDINGS, INC.
By: /s/ Hailong Liu
Name: Hailong Liu
Title:  President, Chief Executive Officer and Chief Financial Officer
Date: January 6, 2012