Current Report Filing (8-k)
June 20 2019 - 11:52AM
Edgar (US Regulatory)
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 19, 2019 (May 31, 2019)
DBUB
GROUP, INC.
(EXACT
NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
Nevada
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000-28767
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88-0403070
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(STATE
OR OTHER JURISDICTION OF INCORPORATION OR
ORGANIZATION)
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(COMMISSION
FILE NO.)
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(IRS
EMPLOYEE
IDENTIFICATION NO.)
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No.
108 ShangCheng Road, Suite 2-2204
Pudong
New District, Shanghai, China 200120
(ADDRESS
OF PRINCIPAL EXECUTIVE OFFICES)
+086-156-18521412
(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):
☐
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Written
communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting
Material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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N/A
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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.
☐
Item
4.01 Changes in Registrant’s Certifying Accountant.
On
May 1, 2019, our independent auditor, MJF & Associates, APC (“MJF”) advised the Board of Directors of DBUB Group,
Inc. (the “Company”, “we”, or “us”) in writing that they were to resigned as auditor of the
Company effective on May 31, 2019. The auditor’s report of MJF on the Company’s consolidated financial statements
as of and for the fiscal years ended December 31, 2018 and December 31, 2017 did not contain an adverse opinion or a disclaimer
of opinion, and was not qualified or modified as to uncertainty, audit scope or accounting principles, except that the audit reports
on the consolidated financial statements of the Company for the years ended December 31, 2018 and 2017 contained an uncertainty
about the Company’s ability to continue as a going concern.
From
2014 when MJF was engaged as our auditor, through MJF’s resignation, there were no (i) “disagreements” (as that
term is defined in Item 304(a)(1)(iv) of Regulation S-K) between the Company and MJF on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to the satisfaction
of MJF would have caused MJF to make reference to the subject matter thereof in its reports for such fiscal years and interim
period, except for (ii) “reportable events” as that term is described in Item 304(a)(1)(v) of Regulation S-K as follows:
During
the years ended December 31, 2018 and 2017, and through the interim period ended May 31, 2019, there were the following “reportable
events”. As disclosed in Part I, Item 4 of the Company’s Form 10-Q for the quarter ended March 31, 2019, the Company’s
management determined that the Company’s internal controls over financial reporting were not effective as of the end of
such period due to the existence of material weaknesses related to the following:
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(i)
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The
Company’s inability to record transactions and provide disclosures in accordance
with US GAAP. The current staff in our accounting department is inexperienced in US GAAP.
They need substantial training to meet the demands of a US public company. The accounting
skills and understanding necessary to fulfill the requirements of US GAAP-based reporting,
including the preparation of financial statements and consolidation, are inadequate.
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These
material weaknesses have not been remediated as of the date of this Current Report on Form 8-K.
We
furnished a copy of this disclosure to MJF and have requested that MJF furnish us with a letter addressed to the SEC stating whether
such firm agrees with the above statements or, if not, stating the respects in which it does not agree. We have received the requested
letter from MJF, and a copy of the letter is filed with this Current Report on Form 8-K as Exhibit 16.1.
Item
9.01 Financial Statements and Exhibits.
Exhibit
No.
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Document
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Location
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16.1
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Letter
from MJF & Associates, APC dated June 19, 2019
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Filed herewith
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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.
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DBUB
GROUP, INC.
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Date:
June 20, 2019
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By:
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/s/
Zinan Zhou
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Name:
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Zinan
Zhou
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Title:
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Chief
Executive Officer and Director (Principal Executive Officer)
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