Item 8.01 Other Events.
Rebel Group, Inc. (the "Company") is filing this Current Report on Form 8-K in
compliance with and in reliance upon the SEC Order issued pursuant to Section 36
of the Securities Exchange Act of 1934, as amended, granting Exemptions from
Specified Provisions of the Exchange Act and Certain Rules thereunder (SEC
Release No. 34-88465 on March 25, 2020) (the "Relief Order"). Set forth below
are the reasons for the delays in the completion of the Quarterly Report on Form
10-Q for the fiscal quarter ended March 31, 2020 (the "Quarterly Report") and
estimated filing dates of the Quarterly Report.
As a result of the increasing challenges associated with the COVID-19 outbreak,
the Company does not expect to file the Quarterly Report by the filing deadline
of May 15, 2020. The Company has dedicated significant resources to preparing
and filing its Annual Report on Form 10-K for the fiscal year ended December 31,
2019. The Company and its staff are subject to quarantine restrictions and
compulsory quarantine policies adopted during the outbreak; the Company's staff
is working remotely without immediate access to various operational, business
and financial reporting data. The extension of time is necessary due to
unanticipated delays being experienced by the Company in providing the
information associated with the preparation of the Company's interim quarterly
financial statements. Considering the lack of time for the compilation,
attesting and review of the information required to be presented and the
importance of markets and investors receiving materially accurate information in
the Annual Report, the Company expects to file the Quarterly Report no later
than June 29, 2020.
Special Note Concerning Forward Looking Statements
This filing contains statements which constitute forward looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995 and
other securities laws. These forward looking statements are based upon the
Company's present intent, beliefs or expectations, including, among others, the
Company's estimates relating to the filing of the Quarterly Report, its ability
to sustain its operations without disruptions or delays, but forward-looking
statements are not guaranteed to occur and may not occur for various reasons and
circumstances. You should not place undue reliance upon the Company's
forward-looking statements. Except as required by law, the Company undertakes no
obligation to revise or update any forward-looking statements in order to
reflect any event or circumstance that may arise after the date of this Current
Report.
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