Attached files
| file | filename |
|---|---|
| EX-16.1 - QKL Stores Inc. | v163023_ex16-1.htm |
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): October 15, 2009
QKL
STORES INC.
(Exact
name of registrant as specified in charter)
|
Delaware
|
033-10893
|
75-2180652
|
|
(State
of Incorporation)
|
(Commission
File No.)
|
(IRS
Employer
Identification
No.)
|
Jingqi
Street
Dongfeng
Xincun
Sartu
District
163311
Daqing, PRC
(Address
Of Principal Executive Offices) (Zip Code)
(011)
86-459-460-7825
(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 the registrant under any of the following
provisions (see General Instruction A.2. below):
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 4.01. Changes in Registrant’s Certifying
Accountants
On
October 15, 2009, QKL Stores Inc. (the “Company”) dismissed its principal
independent accountant, Albert Wong & Co. (“Albert Wong”), from its
engagement with the Company, which dismissal was effective immediately. Albert
Wong was engaged by the Company effective as of March 28, 2008. The decision to
dismiss Albert Wong as the Company’s principal independent accountant was
approved by the Audit Committee of the Company on October 14, 2009.
There
were no disagreements between the Company and Albert Wong on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure, from the time of Albert Wong’s engagement up to the date of
resignation which disagreements that, if not resolved to Albert Wong’s
satisfaction, would have caused Albert Wong to make reference to the subject
matter of the disagreement in connection with its report issued in connection
with the audit of the Company’s financial statements. However, on November 12,
2008, Albert Wong advised our Board of Directors of certain deficiencies in our
internal controls that Albert Wong considered to be material weaknesses. In
order to assist us in bringing our internal control over financial reporting and
disclosure controls and procedures into compliance, we hired
PricewaterhouseCoopers in June 2008 to setup internal control systems and an
internal control department for the Company, which now consists of six full-time
employees. We also adopted a Financial Reporting and Disclosure
Controls and Procedures Policy in January 2009. None of the reportable events
described under Item 304(a)(1)(v)(A)-(D) of Regulation S-K occurred within the
two fiscal years of the Company ended December 31, 2007 and 2008 and
subsequently up to the date of dismissal. The audit report of Albert Wong on the
financial statements of the Company as of December 31, 2008 did not contain any
adverse opinion or disclaimer of opinion, and such audit report was not
qualified or modified as to uncertainty, audit scope or accounting principles. A
letter from Albert Wong addressed to the Securities and Exchange Commission
stating that it concurs with the statements made by the Company with respect to
Albert Wong in this Current Report on Form 8-K is filed herewith.
On October 16, 2009, the Company
engaged BDO Guangdong Dahua Delu CPAs, LLP (“BDO”) to serve as its independent
auditor, effective immediately. The decision to engage BDO as the Company’s
principal independent accountant was approved by the Audit Committee of the
Company on October 14, 2009. During the two fiscal years of the
Company ended December 31, 2007 and 2008, and through the date of the Albert
Wong’s engagement, the Company did not consult BDO 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; or (ii) any matter that was either the
subject of a “disagreement” or “reportable event” within the meaning set forth
in Regulation S-K, Item 304 (a)(1)(iv) or (a)(1)(v).
Item
9.01 Financial
Statements and Exhibits
|
(d)
|
Exhibit
No.
|
Description
|
|
|
16.1
|
Letter
from Albert Wong & Co. Inc. dated October 16, 2009 addressed to the
Securities and Exchange
Commission
|
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.
| QKL STORES INC. | |||
|
|
By:
|
/s/ Zhuangyi Wang | |
| Name: | Zhuangyi Wang | ||
| Title: | Chief Executive Officer | ||
Dated:
October 16, 2009
3