Current Report Filing (8-k)

Date : 06/12/2019 @ 11:31AM
Source : Edgar (US Regulatory)
Stock : Sharing Economy International Inc. (SEII)
Quote : 0.2998  0.04332 (16.89%) @ 4:13PM
Sharing Economy International share price Chart

Current Report Filing (8-k)

 

 

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): June 5, 2019

   

SHARING ECONOMY INTERNATIONAL INC.

(Exact name of registrant as specified in Charter)

 

Nevada   001-34591   90-0648920

(State or other jurisdiction of

incorporation or organization)

  (Commission File No.)  

(IRS Employee

Identification No.)

 

No. 9 Yanyu Middle Road

Qianzhou Village, Huishan District, Wuxi City

Jiangsu Province, People’s Republic of China

(Address of Principal Executive Offices)

 

(86) 51083397559

(Registrant’s Telephone number)

 

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 (see General Instruction A.2. below):

 

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))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock   SEII   OTC Markets

 

     

 

  

Item 4.01.  Changes  in Registrant’s Certifying Accountant.

  

On June 5, 2019, Sharing Economy International, Inc. (the “Company”) received a letter from RBSM LLP (“RBSM”) confirming that RBSM will no longer serve as the Company’s auditor. On June 10, 2019, the Company engaged Malone Bailey LLP (“MB”) to serve as the Company’s new independent registered public accounting firm. The decision to appoint MB was unanimously approved by the Company’s Board of Directors.

 

The change was not made due to any disagreements with RBSM. RBSM’s audit reports on the Company’s consolidated financial statements for the fiscal years ended December 31, 2017 and 2018 did not contain an adverse opinion or a disclaimer of opinion, nor were such reports qualified or modified as to uncertainty, audit scope, or accounting principles, except as discussed in Note 1 to the Company’s financial statements on Form 10-K, the Company has suffered recurring losses from operations, generated negative cash flows from operating activities, has an accumulated deficit that raise substantial doubt exists about Company’s ability to continue as a going concern.

 

During the fiscal years ended December 31, 2017 and 2018 and the subsequent interim period through June 5, 2019, there were no (i) disagreements between the Company and RBSM on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements if not resolved to the satisfaction of RBSM would have caused them to make reference thereto in their reports on the consolidated financial statements for such years, or (ii) reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K), except as set forth in the Company’s Form 10-K.

 

During each of the fiscal years ended December 31, 2017 and 2018, and the subsequent period prior to the Company’s engagement of MB, neither the Company nor anyone on the Company’s behalf consulted MB regarding either (i) the application of accounting principles to a specified transaction, either completed or proposed; or the type of audit opinion that might be rendered on the Company’s financial statements, and neither a written report nor oral advice was provided to the Company that MB concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue, (ii) any matter that was the subject of disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K and related instructions) or a reportable event (as defined in Item 304(a)(1)(v) of Regulation S-K).

 

  1  

 

 

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.

 

Date: June 12, 2019 Sharing Economy International Inc.
     
  By: /s/ Jianhua Wu
    Jianhua Wu
    Chief Executive Officer

 

  2  

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