Item 4.01 Change in Registrant's Certifying Accountant
On May 25, 2021, the Board of Directors of Noble Vici Group, Inc., a Delaware
corporation ("we" or "us"), accepted the resignation of Exelient PAC
("Exelient") as our independent registered public accountant., effective
immediately. Except as noted in the paragraph immediately below, the reports of
Exelient PAC on the Company's consolidated financial statements for the year
ended March 31, 2020 did not contain an adverse opinion or disclaimer of
opinion, and such reports were not qualified or modified as to uncertainty,
audit scope, or accounting principle.
The reports of Exelient on the Company's consolidated financial statements as of
and for the year ended March 31, 2020 contained explanatory paragraphs which
noted that there was substantial doubt as to the Company's ability to continue
as a going concern as the Company has not generated any revenues and has
incurred operating losses since inception, which raised doubt about its ability
to continue as a going concern.
During the year ended March 31, 2020, the Company has not had any disagreements
with Exelient on any matter of accounting principles or practices, financial
statement disclosure or auditing scope or procedure, which disagreements, if not
resolved to Exelient's satisfaction, would have caused them to make reference
thereto in their reports on the Company's consolidated financial statements for
During the year ended March 31, 2020, there were no reportable events, as
defined in Item 304(a)(1)(v) of Regulation S-K.
We have requested that Exelient furnish us with a letter addressed to the
Commission stating whether it agrees with the above statements. A copy of this
letter is included herewith as Exhibit 16.1.
On May 31, 2021, we retained the firm of J&S Associate ("J&S"), to audit our
consolidated financial statements for our fiscal year ending March 31, 2021.
During the fiscal year ended March 31, 2020, and through the date of this Form
8-K, neither the Company nor anyone acting on its behalf consulted J&S regarding
(1) 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 consolidated financial statements, and J&S did not provide either
a written report or oral advice to the Company that was an important factor
considered by the Company in reaching a decision as to any accounting, auditing,
or financial reporting issue, (2) any matter that was either the subject of a
disagreement with Exelient on accounting principles or practices, financial
statement disclosure or auditing scope or procedures, which, if not resolved to
the satisfaction of Exelient, would have caused Exelient to make reference to
the matter in their report, or a "reportable event" as described in Item
304(a)(1)(v) of Regulation S-K of the SEC's rules and regulations.
Item 9.01. Financial Statements and Exhibits.
16.1 Consent of Exelient PAC .
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