CLNT [SHARING ECONOMY INTERNATIONAL] 8-K:

Ticker: CLNT, Company: SHARING ECONOMY INTERNATIONAL INC., Type: 8-K, Date: 2019-06-12
Original SEC Filing: Click here


Webplus: CLNT/20190612/8-K/1/000.htm SEC Original: f8k060519_sharingeconomy.htm



8-K 1 f8k060519_sharingeconomy.htm CURRENT REPORT

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.

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock SEII OTC Markets

Item 4.01.  Changes  in Registrant’s Certifying Accountant.

On June 5, 2019, Sharing Economy International, Inc. (the “Company”) received a letter from RBSM LLP (“RBSM”) confirming that RBSM will no longer serve as the Company’s auditor. On June 10, 2019, the Company engaged Malone Bailey LLP (“MB”) to serve as the Company’s new independent registered public accounting firm. The decision to appoint MB was unanimously approved by the Company’s Board of Directors.

The change was not made due to any disagreements with RBSM. RBSM’s audit reports on the Company’s consolidated financial statements for the fiscal years ended December 31, 2017 and 2018 did not contain an adverse opinion or a disclaimer of opinion, nor were such reports qualified or modified as to uncertainty, audit scope, or accounting principles, except as discussed in Note 1 to the Company’s financial statements on Form 10-K, the Company has suffered recurring losses from operations, generated negative cash flows from operating activities, has an accumulated deficit that raise substantial doubt exists about Company’s ability to continue as a going concern.

During the fiscal years ended December 31, 2017 and 2018 and the subsequent interim period through June 5, 2019, there were no (i) disagreements between the Company and RBSM 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 RBSM would have caused them to make reference thereto in their reports on the consolidated financial statements for such years, or (ii) reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K), except as set forth in the Company’s Form 10-K.

During each of the fiscal years ended December 31, 2017 and 2018, and the subsequent period prior to the Company’s engagement of MB, neither the Company nor anyone on the Company’s behalf consulted MB regarding either (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 nor oral advice was provided to the Company that MB concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue, (ii) any matter that was the subject of disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K and related instructions) or a reportable event (as defined in Item 304(a)(1)(v) of Regulation S-K).

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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.

Date: June 12, 2019 Sharing Economy International Inc.
By: /s/ Jianhua Wu
Jianhua Wu
Chief Executive Officer

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Company Info:

Ticker: CLNT, Company: SHARING ECONOMY INTERNATIONAL INC., Type: 8-K, Date: 2019-06-12CIK: 0000819926, Location: F4, SIC: 3550, SIC Desc: SPECIAL INDUSTRY MACHINERY (NO METALWORKING MACHINERY)
Business Phone & Address:
NO. 9 YANYU MIDDLE ROAD QIANZHOU VILLAGE, HUISHAN DISTRICT, WUXI CITY
JIANGSU PROVINCE,

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