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

 

Commission File Number 000-55319

 

Date of Report (Date of earliest event reported)

January 11, 2021

 

Phoenix Rising Companies

(Formerly known as Resort Savers, Inc.)

(Exact name of registrant as specified in its charter)

 

Nevada

 

46-1993448

(State or other jurisdiction of incorporation or organization)

 

(I.R.S. Employer Identification No.)

 

 

 

Level 11, Tower 4, Puchong Financial

Corporate Centre (PFCC)

Jalan Puteri 1/2, Bandar Puteri, 47100 Puchong, Malaysia

 

47100

(Address of principal executive offices)

 

(Zip Code)

 

+60 3 8600 0313

(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 (see 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))

 

 

 

 

Item 4.01 Changes in Registrant’s Certifying Accountant.

 

Effective as of January 11, 2021, the Board of Directors of Phoenix Rising Companies, Inc., formerly known as Resort Savers, Inc., a Nevada corporation (the “Company”), resolved to dismiss Total Asia Associates PLT as the Company’s independent registered public accounting firm.  With the exception of a “going concern” qualification, the reports of Total Asia Associates PLT on the consolidated financial statements of the Company for the years ended December 31, 2019, and 2018, contained no adverse opinion or any disclaimer of opinion, and such reports were not qualified or modified as to uncertainty, audit scope or accounting principles. 

 

During the periods ended December 31, 2019, and 2018, and through the interim period preceding such termination, there were no disagreements with the former registered public accounting firm 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 registered public accounting firm, would have caused it to make reference to the subject matter of the disagreements in connection with its reports.  Further, there were no “reportable events,” as described in Item 304(a)(1)(iv) of Regulation S-K of the Securities and Exchange Commission (the “SEC”) promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

 

Effective as of January 11, 2021, the Company engaged KCCW Accountancy Corp. to audit its financial statements for the year ended December 31, 2020.  During the Company’s two most recent fiscal years, and any subsequent interim period prior to engaging KCCW Accountancy Corp., neither the Company nor anyone on its behalf consulted the newly engaged accountant regarding: either 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 either a written report was provided to the Company or oral advice was provided that the new accountant concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or any matter that was either the subject of a disagreement (as defined in paragraph 304(a)(1)(iv) and the related instructions to Item 304 of Regulation S-K or a reportable event (as described in paragraph 304(a)(1)(v) thereof).

 

We have provided Total Asia Associates PLT, with a copy of the disclosure provided under this Item of this Current Report and have advised them to provide us with a letter addressed to the SEC as to whether they agree or disagree with the disclosures made herein.  A copy of their response is attached hereto and incorporated herein by this reference.  See Item 9.01 of this Current Report.

 

Item 9.01  Financial Statements and Exhibits.

 

(d)  Exhibits.

 

Exhibit No. 

 

Description of Exhibit

 

 

 

16.1

 

Letter re change in certifying accountant.

 

 

2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

PHOENIX RISING COMPANIES

(Formerly known as Resort Savers, Inc.)

 

 

 

 

 

/s/ Ding-Shin "DS" Chang

 

 

Ding-Shin “DS” Chang

 

 

President, CEO

 

 

 

 

 

Dated:  March 22, 2021

 

 

 

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