Item 4.01 Changes in Registrant's Certifying Accountant
(a) Dismissal of Independent Registered Public Accounting Firm.
On October 1, 2021, the Board of Directors (the "Board") and majority
shareholders of CAT9 Group Inc. (the "Company") were notified our independent
registered public accounting firm Yichen Yeh, CPA ("YY") was revoked by the
PCAOB pursuant to disciplinary proceedings effective as of September 29, 2021.
By way of this action, Company's engagement to YY was terminated effective
immediately. From May 30, 2018 (date of engagement) through to the date of this
Current Report on Form 8-K, (1) there were no disagreements with YY on any
matter of accounting principles or practices, financial statement disclosure, or
procedure, which, if not resolved to the satisfaction of YY, would have caused
YY to make reference to the subject matter of the disagreements in connection
with their report, and (2) there were no "reportable events" as that term is
defined in Item 304(a)(1)(v) of Regulation S-K. The Company provided YY with a
copy of this Current Report on Form 8-K and requested that YY furnish the
Company with a letter addressed to the US Securities and Exchange Commission
stating whether it agrees with the statements contained herein. A copy of YY's
letter, dated October 22, 2021, is filed as Exhibit 16.1 to this Form 8-K.
The Company will re-audit its 2020 financial statements with its new PCAOB
auditor along with its 2021 financial statements.
(b) New Independent Registered Public Accounting Firm
On October 18, 2021, the Company engaged L&L CPAs ("L&L") as our new independent
principal accountant to audit the Company's financial statements and to perform
reviews of interim financial statements. During the Company's two most recent
fiscal years and through October 18, 2021, neither the Company, nor anyone on
its behalf has consulted L&L with respect to (i) the application of accounting
principles to a specified transaction, either completed or proposed; or (ii) any
matter that was either the subject of a disagreement with YY or a reportable
event with respect to YY; (iii) the type of audit opinion that might be rendered
on the Company's financial statements, and none of the following was provided to
the Company: (a) a written report, or (b) oral advice that L&L concluded was an
important factor considered by the Company in reaching a decision as to
accounting, auditing or financial reporting issue; or (iv) Any matter that was
the subject of a disagreement, as that term is defined in Item 304(a)(1)(iv) of
Regulation S-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
16.1 Letter from Yichen Yeh, CPA
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