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      STATES</strong></font></div>
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      AND EXCHANGE COMMISSION</strong></font></div>
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      D.C. 20549</strong></font></div>
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      8-K</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
      REPORT</strong></font></div>
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      to Section 13 or 15(d) of the Securities Exchange Act 1934</strong></font></div>
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      of
      Report (date of earliest event reported): March 20, 2006</font></div>
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      DRAGON ASIA CORP.</strong></font></div>
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      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of registrant under any of the following
      provisions:</font></div>
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      ]&#160;&#160;&#160; Written communications pursuant to Rule 425 under the
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      ]&#160;&#160;&#160; Soliciting material pursuant to Rule 14a-12(b) under the
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      ]&#160;&#160;&#160; Pre-commencement communications pursuant to Rule 14d-2(b)
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      ]&#160;&#160;&#160; Pre-commencement communications pursuant to Rule 13e-4(c)
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      7.01.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Regulation
      FD Disclosure. </strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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      a&#160;conference call&#160;open to the public&#160;regarding its earnings
      results for the full year and fourth quarter of fiscal&#160;2005. The Chief
      Financial Officer of the Company, Mr. Peter Mak, will host the conference call
      on Tuesday, March 21, 2006 at 8:30 a.m. New York time (1:30 p.m. London time
      and
      9:30 p.m. China time).&#160; Details regarding the telephone dial-in
      instructions are contained in the attached press release, which is being
      furnished as Exhibit 99.1 hereto and incorporated herein by reference. Access
      to
      the call will also be available via webcast at the&#160;Internet website at
<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>http://www.irconnect.com/nwd/pages/news.html</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.</font></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      information in this report (including the exhibit) is furnished pursuant to
      Item
      7.01 and shall not be deemed to be &#8220;filed&#8221; for the purposes of Section 18 of the
      Securities and Exchange Act of 1934 or otherwise subject to the liabilities
      of
      that section, or incorporated by reference in any filing under the Securities
      Act of 1933, as amended, or the Securities and Exchange Act 1934, except as
      shall be expressly set forth by specific reference in such a
      filing.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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      9.01.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Financial
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      </font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibits</font></div>
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                No.</u></font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Description</u></font></div>
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            <td align="left" valign="top" width="57%">&#160;</td>
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          <tr>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;
                99.1</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
                release dated March 20, 2006.</font></div>
            </td>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the requirements of the Securities Exchange Act of 1934, the Registrant
      has
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      duly authorized.</font></div>
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            <td width="33%">&#160;</td>
            <td width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NEW
                DRAGON ASIA CORP.</font></div>
            </td>
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          <tr bgcolor="white">
            <td width="33%">&#160;</td>
            <td width="33%">&#160;</td>
          </tr>
          <tr bgcolor="white">
            <td width="33%">&#160;</td>
            <td width="33%">&#160;</td>
          </tr>
          <tr bgcolor="white">
            <td width="33%">&#160;</td>
            <td width="33%"><font size="2">By:&#160;<u>&#160;&#160;&#160;&#160;
              </u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>/s/
              Peter
              Mak&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
              </u></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></td>
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            <td width="33%">&#160;</td>
            <td width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name:
                Peter Mak</font></div>
            </td>
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            <td width="33%">&#160;</td>
            <td width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:&#160;&#160;
                Chief Financial Officer</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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      March 20, 2006</font></div><br>
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                  No.</u></font></div>
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                  99.1</font></div>
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{"company-data": {"conformed-name": "NEW DRAGON ASIA CORP", "cik": "0001089590", "assigned-sic": "2000", "irs-number": "650926223", "state-of-incorporation": "FL", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-15046", "film-number": "06699127"}, "business-address": {"street1": "SUITE 2808, INTERNATIONAL CHAMBER OF COM", "street2": "FUHUA THREE ROAD", "city": "SHENZHEN", "state": "F4", "zip": "00000", "phone": "852 2815 9892"}, "mail-address": {"street1": "SUITE 2808, INTERNATIONAL CHAMBER OF COM", "street2": "FUHUA THREE ROAD", "city": "SHENZHEN", "state": "F4", "zip": "00000"}, "former-company": {"former-conformed-name": "BIO AQUA SYSTEMS INC", "date-changed": "19990629"}}
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 1934
Date
      of
      Report (date of earliest event reported): March 20, 2006
NEW
      DRAGON ASIA CORP.
(Exact
      name of registrant as specified in charter)
Florida
001-15046
88-0404114
(State
                of Incorporation)
(Commission
                File No.)
(IRS
                Employer
Identification
                No.)
Suite
      2808,International Chamber of Commerce Tower
Fuhua
      Three Road, Shenzhen, PRC 518048
(Address
      Of Principal Executive Offices) (Zip Code)
011
86
      755
      8831 2115
(Registrant's
      Telephone Number, Including Area Code)
(Former
      Name or Former Address, is Changed Since Last Report)
Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of 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(b) under the
      Exchange Act (17 CFR 240.14a-12(b))
[
      ]    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
      7.01.
Regulation
      FD Disclosure.
On
      March
      20, 2006, New Dragon Asia Corp. (the "Company") announced that it will hold
      a conference call open to the public regarding its earnings
      results for the full year and fourth quarter of fiscal 2005. The Chief
      Financial Officer of the Company, Mr. Peter Mak, will host the conference call
      on Tuesday, March 21, 2006 at 8:30 a.m. New York time (1:30 p.m. London time
      and
      9:30 p.m. China time).  Details regarding the telephone dial-in
      instructions are contained in the attached press release, which is being
      furnished as Exhibit 99.1 hereto and incorporated herein by reference. Access
      to
      the call will also be available via webcast at the Internet website at
http://www.irconnect.com/nwd/pages/news.html
.
The
      information in this report (including the exhibit) is furnished pursuant to
      Item
      7.01 and shall not be deemed to be "filed" for the purposes of Section 18 of the
      Securities and Exchange Act of 1934 or otherwise subject to the liabilities
      of
      that section, or incorporated by reference in any filing under the Securities
      Act of 1933, as amended, or the Securities and Exchange Act 1934, except as
      shall be expressly set forth by specific reference in such a
      filing.
Item
      9.01.
Financial
      Statements and Exhibits
(c)
Exhibits
Exhibit
                No.
Description
99.1
Press
                release dated March 20, 2006.
2
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 hereunto
      duly authorized.
NEW
                DRAGON ASIA CORP.
By:
/s/
              Peter
              Mak
Name:
                Peter Mak
Title:  
                Chief Financial Officer
Dated:
      March 20, 2006
3
EXHIBIT
      INDEX
Exhibit
                  No.
Description
99.1
Press
                  release dated March 20, 2006.
4