UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): November 17, 2020 (November 13, 2020)

 

GREENLAND TECHNOLOGIES HOLDING CORPORATION

(Exact name of registrant as specified in its charter)

 

British Virgin Islands   001-38605   N/A
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

11-F, Building #12, Sunking Plaza, Gaojiao Road

Hangzhou, Zhejiang, People’s Republic of China

  311122
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number including area code: (86) 010-53607082

 

 

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

 

Check the appropriate box below if the Form 8-K filing 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-12 under the Exchange Act (17 CFR 240.14a-12)

 

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

 

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

 

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

  

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

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Ordinary shares, no par value   GTEC   The NASDAQ Stock Market LLC

  

 

 

 

 Item 4.01

Changes in Company's Certifying Accountant.

 

(a) Previous independent registered public accounting firm:

 

On November 13, 2020, the Board of Directors of the Company (the “Board”) approved the dismissal of BDO China Shu Lun Pan Certified Public Accountants LLP (“BDO”) as the Company’s independent registered public accounting firm, effective November 13, 2020.

 

BDO's reports on the Company's consolidated financial statements as of and for the fiscal years ended December 31, 2018 and December 31, 2019 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.

 

During the fiscal years ended December 31, 2018, and December 31, 2019, and the subsequent interim period through November 13, 2020, the date of BDO’s dismissal, (i) there were no “disagreements” (as described in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) between the Company and BDO on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures, which disagreements, if not resolved to BDO’s satisfaction, would have caused BDO to make reference in connection with BDO’s opinion to the subject matter of the disagreement; and (ii) there were no “reportable events” as the term is described in Item 304(a)(1)(v) of Regulation S-K. 

 

We furnished a copy of the disclosures in this report to BDO and have requested that BDO furnish us with a letter addressed to the SEC stating whether such firm agrees with the above statements or, if not, stating the respects in which it does not agree. We have received the requested letter from BDO, and a copy of the letter is filed with this Current Report on Form 8-K as Exhibit 16.1.

 

(b) New independent registered public accounting firm:

 

On November 13, 2020, the Board approved the appointment of WWC Corporation (“WWC”) as the Company’s independent registered public accounting firm to audit the Company’s consolidated financial statements for the fiscal year ending December 31, 2020, effective November 16, 2020.

 

During the fiscal years ended December 31, 2018, and December 31, 2019, and the subsequent interim period through November 17, 2020, the Company has not consulted with WWC regarding any matter that was the subject of a disagreement or a reportable event described in Items 304(a)(1)(iv) or (v), respectively, of Regulation S-K.

 

(d) Exhibits

 

16.1Letter from BDO to the Securities and Exchange Commission

 

 1 

 

 

SIGNATURE

 

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

  

  Greenland Technologies Holding Corporation
     
November 17, 2020 By: /s/ Raymond Z. Wang
    Raymond Z. Wang
    Chief Executive Officer and President

 

 

2

 

 

Exhibit 16.1

 

November 17, 2020

 

Securities and Exchange Commission

100 F Street, N.E.

Washington, DC 20549

 

Commissioners:

 

We have read the statements made by Greenland Technologies Holding Corporation under Item 4.01 of its Form 8-K dated November 17, 2020. We agree with the statements concerning our Firm in such Form 8-K; At the time of our dismissal, we were in the process of evaluating the recoverability of the related party receivable from Cenntro Holding Limited and such procedures have not been completed. We are not in a position to agree or disagree with other statements of Greenland Technologies Holdings Corporation contained therein.

 

Very truly yours, 

 

 

BDO China Shu Lun Pan Certified Public Accountants LLP

 

Shanghai, People’s Republic of China

 

November 17, 2020