Hmm, I reckon it's probably as new as it looks. Honda produce several bikes in the far east that we don't get to see here.A few years ago Honda made a very original looking CB50 dohc single available for worldwide sale, and it was very expensive here in the U.K. (a dealer in Kent has one up for sale at over £6,000 . Back to the original point, in the far east they may well be making replicas of the old 1960s S90, and searching for cheaper parts for my C90 I've found many dealers selling parts for all manner of small ild Hondas, and very cheap too. The frame of that bike looks very like an S90, the engine certainly being modern