Current Report Filing (8-k)
January 22 2019 - 4:07PM
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
AND EXCHANGE ACT OF 1934
Date
of report (date of earliest event reported): January 22, 2019 (January 15, 2019)
SHINECO,
INC.
(Exact
name of registrant as specified in its charter)
Delaware
|
|
001-37776
|
|
52-2175898
|
(State
or Other Jurisdiction
of
Incorporation)
|
|
(Commission
File Number)
|
|
(IRS
Employer
Identification
No.)
|
Room
1001, Building T5,
DaZu
Square, Daxing District,
Beijing,
People’s Republic of China
(Address
of principal executive offices)
Registrant’s
telephone number, including area code: (+86) 10-87227366
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations 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 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
January 15, 2019, Shineco Inc. (the “Company”) decided to change its independent registered public accounting firm
for the annual report of the fiscal year ending June 30, 2019 and the remainder of the fiscal year ending June 30, 2019. On January
15, 2019, the Board of Directors of the Company (the “Board”) approved the appointment of Centurion ZD CPA Ltd. (“Centurion”)
as the Company’s independent registered public accounting firm for the Company’s fiscal year ending June 30, 2019
and the dismissal of Wei, Wei & Co., LLP (“Wei Wei”) from that role, each effective as of January 15, 2019.
(a)
Dismissal of independent registered public accounting firm
Wei
Wei’s audit reports on the Company’s consolidated financial statements as of and for the fiscal years ended June 30,
2018 and 2017, did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty,
audit scope or accounting principles.
During
the fiscal years ended June 30, 2018 and 2017, and the subsequent interim period through January 22, 2019, there were (i) no “disagreements”
(as that term is described in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) between the Company and Wei Wei
on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if
not resolved to WeiWei’s satisfaction, would have caused Wei Wei to make reference thereto in their reports, and (ii) no
“reportable events” (as that term is described in Item 304(a)(1)(v) of Regulation S-K) except that Wei Wei advised
the Company of material weaknesses related to ineffective disclosure controls and procedures as the Company does not have a Chief
Financial Officer that is familiar with the accounting and reporting requirements of a U.S. publicly-listed company, and it did
not have U.S. GAAP full-time qualified personnel in the accounting department to monitor the recording of the daily transactions
and the lack of segregation of duties for accounting personnel who prepared and reviewed the journal entries during the fiscal
years ended June 30, 2018 and 2017.
The
Company provided Wei Wei with a copy of the disclosures made within this Current Report on Form 8-K and requested that WeiWei
furnish a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with such disclosures. A
copy of Wei Wei’s letter dated January 22, 2019 is filed as Exhibit 16.1 hereto.
(b)
Appointment of new independent registered public accounting firm
During
the fiscal year ended June 30, 2018, and the subsequent interim period through January 15, 2019, neither the Company nor anyone
on its behalf consulted with Centurion regarding (i) the application of accounting principles to a specified transaction, (ii)
the type of audit opinion that might be rendered on the Company’s financial statements by Centurion, in either case where
written or oral advice provided by Centurion would be an important factor considered by the Company in reaching a decision as
to any accounting, auditing or financial reporting issues or (iii) any other matter that was the subject of a disagreement between
us and our former auditor, Wei Wei or was a reportable event (as described in Items 304(a)(1)(iv) or Item 304(a)(1)(v) of Regulation
S-K, respectively).
Item
9.01 Financial Statements and Exhibits.
(d) Exhibits
SIGNATURE
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.
|
Shineco
Inc.
|
|
|
|
Date:
January 22, 2019
|
By:
|
/s/
Yuying Zhang
|
|
|
Yuying
Zhang,
Chief Executive Officer
|
Shineco (NASDAQ:TYHT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Shineco (NASDAQ:TYHT)
Historical Stock Chart
From Apr 2023 to Apr 2024