Item 8.01 Other Events.
The Company's operations and business have experienced disruption due to the
unprecedented conditions surrounding the outbreak of COVID-19 and the lock-down
policy in
Our auditors have attached as required by §II(b)(5) of the Order, a signed statement as to the specific reasons why the auditor is unable to furnish the required opinion, report, or certification. The statement is attached as an exhibit and incorporated to this Report.
We are actively monitoring the recent COVID-19 outbreak and its potential impact on our operations. Due to current and potential future restrictions resulting from the outbreak, our business may become constrained, which may cause the negative impact on profitability. While we do not expect that the COVID-19 outbreak will have a material adverse effect on our business or financial results at this time, we are unable to accurately predict the impact that COVID-19 will have due to the COVID-19 uncertainties, including the ultimate geographic spread of COVID-19, the severity of the disease, the duration of the outbreak, and effectiveness of the actions that may be taken by governmental authorities. The management has been closely monitoring the impact caused by COVID-19 and we will continue to operate our business as steadily and safely as we can.
Certain of the statements contained in this report should be considered
forward-looking statements within the meaning of the Securities Act of 1933, as
amended (the "Securities Act"), the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), and the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are often identified by the use of
forward-looking terminology such as "will," "believes," "expects," "endeavor" or
similar expressions, involving known and unknown risks and uncertainties.
Although the Company believes that the expectations reflected in these
forward-looking statements are reasonable, they do involve assumptions, risks
and uncertainties, and these expectations may prove to be incorrect. You should
not place undue reliance on these forward-looking statements, which speak only
as of the date of this report. The Company's actual results could differ
materially from those anticipated in these forward-looking statements as a
result of a variety of factors, including the risk factors discussed in the
Company's periodic reports that are filed with the
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Exhibit Description
99.1 Letter dated06/04/2020 fromCenturion ZD CPA & Co. , Certified Public Accountants -1-
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