Date of Report (Date of earliest event reported):

 

 

 

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code:

 

(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 ( 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 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)

 

Indicate by check mark whether the registrant is an emerging growth company 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: None.

 

 

 

On February 25, 2020, China VTV Limited (the “Company”) received a letter from its independent registered public accounting firm KCCW Accountancy Corp. (the “Former Auditor”) that the Former Auditor resigned as the Company’s independent registered public accountants, effective immediately. The Former Auditor served as the auditor of the Company’s financial statements for the period from July 10, 2017 through February 25, 2020.

 

The reports of the Former Auditor on the Company’s consolidated financial statements for the Company’s fiscal year ended February 28, 2018 and the fiscal year ended February 28, 2019 did not contain any adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principle, except that there was an explanatory paragraph describing conditions that raised substantial doubt about the Company’s ability to continue as a going concern for the years ended February 28, 2018 and 2019.

 

From July 10, 2017 through February 25, 2020, the period during which the Former Auditor was engaged as the Company’s independent registered public accounting firm, there were no disagreements with the Former Auditor 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 the Former Auditor, would have caused the Former Auditor to make reference to the subject matter of the disagreements as defined in Item 304 of Regulation S-K in connection with any reports it would have issued, and there were no “reportable events” as such term is described in Item 304 of Regulation S-K.

 

The Company has provided the Former Auditor with a copy of the foregoing disclosure and the Former Auditor has issued its consent letter to the Company stating that it agrees with such disclosure. A copy of the consent letter from the Former Auditor addressed to the Securities and Exchange Commission dated as of February 28, 2020 is filed as Exhibit 16.1 to this current report on Form 8-K.

 

 

 

The exhibits listed in the following Exhibit Index are filed as part of this Current Report on Form 8-K.

 

 

 

 

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.