Current Report Filing (8-k)
June 26 2020 - 6:06AM
Edgar (US Regulatory)
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: June 26, 2020
ORGANIC
AGRICULTURAL COMPANY LIMITED
|
(Exact name of registrant as specified in its charter)
|
Nevada
|
|
333-226810
|
|
82-5442097
|
(State of other jurisdiction of
incorporation or organization
|
|
(Commission File No.)
|
|
(IRS Employer
Identification No.)
|
6th Floor A, Chuangxin Yilu,
No. 2305, Technology Chuangxincheng,
Gaoxin Jishu Chanye Technology Development
District,
Harbin City. Heilongjiang Province, China
150090
|
(Address of principal executive offices) (Zip Code)
|
|
86 (0451) 5862-8171
|
(Registrant’s telephone number including area code)
|
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:
|
☐
|
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:
Title of each class
|
|
Trading Symbol(s)
|
|
Name of each exchange on which registered
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Item 8.01 Other Events.
On
March 4, 2020, pursuant to Section 36 of the Securities Exchange Act of 1934, the Securities and Exchange Commission issued Release
No. 34-88318 (the “Order”) granting exemptions to registrants subject to the reporting requirements of the Exchange
Act Section 13(a) or 15(d) due to circumstances related to the coronavirus disease 2019 (COVID-19).
Organic Agricultural Company Limited is
furnishing this Current Report on Form 8-K to indicate its reliance on the Order in connection with the Company’s Annual
Report on Form 10-K for the year ended March 31, 2020.
The Company’s headquarters and
principal operations are located in the City of Harbin, China. Due to the ongoing outbreak of the COVID-19, the Chinese government
initiated travel restrictions and mandatory quarantines to control the spread of COVID-19 within China. These actions taken by
the Chinese government have prevented the Company’s accounting department from completing the financial data and related materials
necessary for the annual financial statements to be completed in a timely manner. As a result, the Company will be unable to file
the Form 10-K by June 29, 2020.
The Company
expects to file its Annual Report on Form 10-K within 45 days after June 29, 2020.
The Company is also publishing the following
Risk Factor:
The spread of COVID-19 through the
population of the City of Harbin and the mandatory quarantines imposed by the government to stop the spread have significantly
interfered with the business of Heilongjiang Yuxinqi Agricultural Technology Development Company Limited (“Yuxinqi”),
which will have a significant adverse effect on our income and profitability.
The Company’s only current business activity
is ownership and operation of Yuxinqi, which is engaged in the distribution of foodstuffs from its headquarters in the City of
Harbin. Many residents of Harbin have contracted COVID-19 during the current pandemic. As a result, the national and local government
have imposed serious restrictions on business operations within the City, including mandatory quarantines. The quarantines have
prevented Yuxinqi from carrying on its normal operations. As a result, the Company’s revenue and income for the six months ended
September 30, 2020 are likely to be substantially lower than were reported for the first six months of fiscal year 2019.
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.
|
ORGANIC AGRICULTURAL COMPANY LIMITED
|
|
|
|
Dated: June 26, 2020
|
By:
|
/s/ Xun Jianjun
|
|
|
Xun Jianjun
|
|
|
Chief Executive Officer
|
2
Organic Agricultural (PK) (USOTC:OGAA)
Historical Stock Chart
From Mar 2024 to Apr 2024
Organic Agricultural (PK) (USOTC:OGAA)
Historical Stock Chart
From Apr 2023 to Apr 2024