Item 8.01 - Other Events.
Application for a 45-days extension of the filing deadline of the 10-K.
Natur International Corp. ("natur" or the company) seeks an extension of 45 days
to file its annual report on Form 10-K, for the fiscal year ended December 31,
2019, based on the SEC Order under Section 36 of the Exchange Act, set forth in
Release No. 34-88318, issued March 4, 2020, which authorizes the Commission to
exempt, either conditionally or unconditionally, any person, security or
transaction, or any class or classes of persons, securities, or transactions,
from any provision or provisions of the Exchange Act or any rule or regulation
thereunder, to the extent that such exemption is necessary or appropriate in the
public interest, and is consistent with the protection of investors.
On November 11, 2019, the company announced a merger with Share International,
which has its operations in the Peoples' Republic of China. The closing of this
transaction, originally planned for midst of February 2020, is delayed due to
the circumstances in China caused by the COVID-19 virus. Share International is
currently not able to deliver the closing documents and financial records of its
China activities due to illness of some key employees. As this transaction was
announced to the public by form of press release on November 11, 2019, the
company is obliged to inform the public in its 10-K, as a subsequent event,
about the materiality of the transaction and to publish the (unaudited) results
of the 4th quarter 2019 of Share International, which are part of the required
closing documents. With its head office in the Netherlands and having a Chinese
Financial Director, the company itself is also hit by absences of staff due to
the effects of the COVID-19 virus, causing a material slow-down of the
activities needed to finalize the audited financial statements of the year 2019.
The company expects to file its annual report within the time frame of the
extension, on or before May 14, 2020.
Attached is a signed statement from Mr. Zeng Li, the CEO of Share International
and the Chinese activities, who is located in Chongqing, PRC, which confirms
that due to the illness of several staff members of the local enterprise and the
fact that the office was closed in the early part of 2020 and continues to be
understaffed, it has not been able to provide the financial information to the
company for its completion of its financial reporting.
Risk Factor
It is to be expected that the operations of Share International will be
negatively impacted due to understaffing, and a significant decrease of consumer
demands in Chongqing. We expect that as the Covid-19 Virus expands as a pandemic
and state actions are taken that are disrupting commerce at all levels of
industry, there will be various adverse effects experienced by companies such as
ours that deal in consumer products and services Although the company and Share
International are taking measures to mitigate the effect as much as possible
there is no assurance that the steps will be sufficient. In most respects it is
too early in the pandemic to be able to quantify all the ramifications.
Although the company is confident that filing will take place within the
timeline of the extension, this is not a certainty as local in the locations
from where require information for our reporting circumstances may change for
the worse.
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Item 9.01 - Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Description
99.1 Letter from Mr. Zeng Li of Share International relating to delays
in reporting caused by Covid 19.
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