Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
October 26 2020 - 4:06PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT
TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2020
Commission File Number: 001-38051
SOS Limited
(Translation of registrant’s name into
English)
Room 8888, Jiudingfeng Building, 888 Changbaishan
Road,
Qingdao Area, China (Shandong) Pilot Free Trade
Zone
People’s Republic of China
+86 0311-80910921
(Address of principal executive office)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form
40-F ☐
Indicate by check mark if the registrant is
submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is
submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Changes in Company’s Certifying Accountant.
Previous independent registered public accounting
firm
On October 12, 2020, the Board of Directors
(“Board”) of SOS Limited (the “Company”) approved the dismissal of Shandong Haoxin Certified
Public Accountants Co., Ltd. (“Haoxin”) as the Company’s independent registered public accounting firm,
effective October 11, 2020. The auditor’s report of Haoxin on the Company’s consolidated financial statements as of
and for either of the past two fiscal years 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 for an explanatory paragraph relating to the Company’s
ability to continue as a going concern.
During the two most recent fiscal years and
through the subsequent interim period preceding Haoxin’s resignation, there were no “disagreements” (as that
term is defined in Item 304(a)(1)(iv) of Regulation S-K) between the Company and Haoxin 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 Haoxin would have caused Haoxin to make reference to the subject matter thereof in its reports for such fiscal years and interim
period.
During the two most recent fiscal years and
through the subsequent interim period preceding Haoxin's resignation, there was one “reportable event” within the meaning
of Item 16F(a)(1)(v) of Form 20-F, relating to disclosure of material weaknesses in the Company’s internal control over financial
reporting. As previously reported, the following material weaknesses were identified: (i) a lack of accounting staff and resources
with appropriate knowledge of U.S. GAAP and SEC reporting and compliance requirements; (ii) a lack of sufficient documented financial
closing policies and procedures, specifically those related to period-end expenses cut-off and accruals; and (iii) inadequate
controls with respect to the maintenance of sufficient documentation for, and the evaluation of the accounting implications of,
significant and non-routine payment transactions. (iv) a lack of adequate control procedures to ensure compliance with provisions
of relevant regulations to prevent the Company from using personal bank accounts for its operation and to manage the usage of bank
accounts; and (v) inadequate controls with respect to the maintenance of sufficient documentation for nonrecurring transactions.
We furnished a copy of this disclosure to Haoxin
and have requested that Haoxin furnish us with a letter addressed to the Securities and Exchange Commission (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 Haoxin, and a copy of the letter is filed with this Current Report on Form 6-K as Exhibit 99.1.
New independent registered public accounting
firm
On October 12, 2020, the Board of Directors
approved the engagement of Audit Alliance LLP (“Audit Alliance”) as the Company’s independent registered
public accounting firm to audit the Company’s consolidated financial statements as of and for the fiscal year ended December
31, 2020 and 2019.
During the two most recent fiscal years and
through the subsequent interim period preceding Audit Alliance’s engagement, the Company has not consulted with Audit Alliance
regarding (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 was provided to
the Company nor oral advice was provided that Audit Alliance concluded was an important factor considered by the Company in reaching
a decision as to the accounting, auditing or financial reporting issue, or (ii) any matter that was either the subject of a disagreement
(as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304 of Regulation S-K) or a reportable
event (as described in Item 304(a)(1)(v) of Regulation S-K).
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, thereunto duly
authorized.
Dated: October 26, 2020
|
SOS Limited
|
|
|
|
|
By:
|
/s/ Yandai Wang
|
|
Name:
|
Yandai Wang
|
|
Title:
|
Chief Executive Officer
|
SOS (NYSE:SOS)
Historical Stock Chart
From Mar 2024 to Apr 2024
SOS (NYSE:SOS)
Historical Stock Chart
From Apr 2023 to Apr 2024