Zai Lab : Amendment to Current Report (Form 8-K/A)

Form 8-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K/A

(Amendment No. 2)

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 18, 2022

ZAI LAB LIMITED

(Exact name of registrant as specified in its charter)

Cayman Islands		001-38205		98-1144595
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification No.)

4560 Jinke Road Bldg. 1, Fourth Floor, Pudong Shanghai, China		201210
(Address of principal executive offices)		(Zip Code)

[phone]

(Registrant's Telephone Number, Including Area Code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-Kfiling is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencementcommunications pursuant to Rule 14d-2(b)under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencementcommunications pursuant to Rule 13e-4(c)under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
American Depositary Shares, each representing 10 Ordinary Shares, par value $0.000006 per share		ZLAB		The Nasdaq Global Market
Ordinary Shares, par value $0.000006 per share*		9688		The Stock Exchange of Hong Kong Limited

* Included in connection with the registration of the American Depositary Shares with the Securities and Exchange Commission. The ordinary shares are not registered or listed for trading in the United States but are listed for trading on The Stock Exchange of Hong Kong Limited.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2of the Securities Exchange Act of 1934 (§240.12b-2of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Explanatory Note

This Amendment No. 2 on the Current Report on Form 8-K/Aamends the Current Report on Form 8-Kdated April 18, 2022 (the "Form 8-K")by disclosing that the Company has entered into an engagement letter with KPMG LLP on May 31, 2022 to be our independent registered public accounting firm, effective May 31, 2022. For convenience, the entire text of the Form 8-Kregarding the change in our certifying accountant is provided below, reflecting the relevant updates.

Item 4.01

Change in Registrant's Certifying Accountant

Engagement of New Independent Registered Public Accounting Firm and Auditor

On April 18, 2022, following a review process conducted by the Audit Committee of the Board of Directors (the "Audit Committee") of Zai Lab Limited (the "Company"), the Audit Committee approved the engagement of KPMG LLP, a U.S. auditor, as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2022 for the annual consolidated financial statements of the Company and its subsidiaries (the "Group") filed with the U.S. Securities and Exchange Commission ("SEC") and the Company's internal controls over financial reporting in accordance with the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Audit Committee also approved the engagement of KPMG LLP to audit the consolidated financial statements of the Group for the year ending December 31, 2022 submitted to The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") in accordance with the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange, subject to the Company's receipt of the requisite approvals from the Hong Kong Stock Exchange and the Financial Reporting Council of Hong Kong. On May 25, 2022, the Company received the requisite approvals from the Hong Kong Stock Exchange and the Financial Reporting Council of Hong Kong. On May 31, 2022, the Company and KPMG LLP signed an engagement letter, and the appointment became effective on the same date. KPMG LLP is an accounting firm located in the United States and is subject to full inspection and review by the Public Company Accounting Oversight Board.

During the fiscal years ended December 31, 2021 and December 31, 2020, and the subsequent interim period through the date of the filing of this Current Report on Form 8-K/A,neither the Company nor anyone on its behalf consulted with KPMG LLP regarding (i) the application of accounting principles to a specified transaction, either completed or proposed; (ii) the type of audit opinion that might be rendered on the Company's financial statements; or (iii) any matter that was either the subject of a disagreement, as defined in Item 304(a)(1)(iv) of Regulation S-Kand the related instructions, or a reportable event, as described in Item 304(a)(1)(v) of Regulation S-K.

Dismissal of Independent Registered Public Accounting Firm and Auditor

On April 18, 2022, the Audit Committee also approved the dismissal of Deloitte Touche Tohmatsu Certified Public Accountants LLP and Deloitte Touche Tohmatsu (together, "Deloitte") as the Company's independent registered public accounting firm and auditor, respectively, to be effective after the completion by Deloitte Touche Tohmatsu Certified Public Accountants LLP of its services as the Company's independent registered public accounting firm for the Group's Quarterly Report on Form 10-Qfor the quarter ended March 31, 2022 and the Company's receipt of the requisite approvals from the Hong Kong Stock Exchange and the Financial Reporting Council of Hong Kong for the appointment of KPMG LLP. Following the completion of its services for the Group's Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 and the Company's receipt of such approvals from the Hong Kong Stock Exchange and the Financial Reporting Council of Hong Kong, Deloitte's dismissal as the Company's independent registered public accounting firm and auditor is now effective. The Company has requested that Deloitte respond fully to the inquiries of KPMG LLP, the Company's successor independent registered public accounting firm, and Deloitte has agreed to cooperate with KPMG LLP with respect to the transition.

Deloitte's reports on the Company's consolidated financial statements for the fiscal years ended December 31, 2020 and December 31, 2021 do not contain an adverse opinion or a disclaimer of opinion and are not qualified or modified as to uncertainty, audit scope, or accounting principles. During the fiscal years ended December 31, 2021 and December 31, 2020 and the subsequent interim period through the date of the filing of this Current Report on Form 8-K,there were (i) no disagreements with Deloitte in any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement(s), if not resolved to the satisfaction of Deloitte, would have caused it to make reference to the subject matter of the disagreement(s) in connection with its reports for such years and interim period, and (ii) no reportable events, as described in Item 304(a)(1)(v) of Regulation S-K.In addition, there were no other disagreements or unresolved matters between the Company and Deloitte in respect of the matters described herein that need to be brought to the attention of the Company's shareholders and creditors, and there are no matters in respect of the dismissal of the Company's auditor that need to be brought to the attention of the shareholders of the Company.

The Company has provided Deloitte with a copy of the disclosures in this Current Report on Form 8-K/A,and Deloitte has provided a letter addressed to the SEC stating that Deloitte agrees with the above statements under the heading "Dismissal of Independent Registered Public Accounting Firm and Auditor." A copy of that letter is being filed as Exhibit 16.1 to this Current Report on Form 8-K/A.Deloitte has also provided a written confirmation that there are no matters in connection with its dismissal that need to be brought to the attention of the shareholders of the Company.

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
16.1		Letter from Deloitte Touche Tohmatsu Certified Public Accountants LLP to the SEC, dated June 1, 2022
104		The cover page of this Current Report on Form 8-Kis formatted in Inline XBRL

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ZAI LAB LIMITED
By:		/s/ Samantha Du
	Samantha Du Chief Executive Officer

Date: June 1, 2022