CHINA GREEN AGRICULTURE, INC. (NYSE:CGA) Files An 8-K Changes in Registrant’s Certifying Accountant
ITEM 4.01Changes in Registrant’s Certifying
Accountant.
(a)Resignation of Independent Registered Public Accounting
Firm.
On April 19, 2017, Kabani Company, Inc. (Kabani) resigned as
independent registered public accounting firm for China Green
Agriculture, Inc. (the Company.)
The audit reports of Kabani on the consolidated financial
statements of the Company for each of the two most recent fiscal
years ended June 30, 2016 and June 30, 2015 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 Company’s two most recent fiscal years ended June 30,
2016 and June 30, 2015 and during the subsequent interim period
from July 1, 2016 through April 19, 2017, (i) there were no
disagreements with Kabani on any matter of accounting principles
or practices, financial statement disclosure or auditing scope or
procedures that, if not resolved to Kabani’s satisfaction, would
have caused Kabani to make reference to the subject matter of the
disagreement in connection with its reports, and (ii) there were
no reportable events as defined in Item 304(a)(1)(v) of
Regulation S-K.
The Company provided Kabani with a copy of the disclosures in
this report prior to filing with the Securities and Exchange
Commission (the SEC). A copy of Kabani’s letter, dated April 20,
2017, to the SEC, stating whether it agrees with the statements
made in this report, is filed as Exhibit 16.1 to this report.
(b)Engagement of New Independent Registered Public Accounting
Firm.
On April 20, 2017, the Company engaged KSP Group, Inc. (KSP) as
the Company’s independent registered public accounting firm for
the fiscal year ending June30, 2017. The decision to appoint KSP
was approved by the Audit Committee of the Board of Directors.
During the two most recent fiscal years ended June 30, 2016 and
June 30, 2015 and during the subsequent interim period from July
1, 2016 through April 19, 2017, neither the Company nor anyone on
its behalf consulted KSP regarding either (i) 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 financial statements, and neither a
written report nor oral advice was provided to the Company that
KSP concluded was an important factor considered by the Company
in reaching a decision as to any accounting, auditing or
financial reporting issue, or (ii) any matter that was either the
subject of a disagreement or a reportable event, each as defined
in Regulation S-K Item 304(a)(1)(v), respectively.
ITEM 9.01Financial Statements and
Exhibits.
| Exhibit16.1: |
Letter from Kabani Company, Inc. dated April 20, 2017 to the Securities and Exchange Commission. |
About CHINA GREEN AGRICULTURE, INC. (NYSE:CGA)
China Green Agriculture, Inc. is engaged in the research, development, production and sale of various types of fertilizers and agricultural products in the People’s Republic of China (PRC) through its Chinese subsidiaries, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. (Jinong) and Beijing Gufeng Chemical Products Co., Ltd. (Gufeng), and its variable interest entity (VIE), Xi’an Hu County Yuxing Agriculture Technology Development Co., Ltd. (Yuxing). The Company’s segments include Jinong (fertilizer production), Gufeng (fertilizer production) and Yuxing (agricultural products production). The Company’s primary business is of fertilizer products, specifically humic acid-based compound fertilizer produced through Jinong, and compound fertilizer, blended fertilizer, organic compound fertilizer, slow-release fertilizers, water-soluble fertilizers and mixed organic-inorganic compound fertilizer produced through Gufeng. CHINA GREEN AGRICULTURE, INC. (NYSE:CGA) Recent Trading Information
CHINA GREEN AGRICULTURE, INC. (NYSE:CGA) closed its last trading session 00.00 at 1.26 with 48,263 shares trading hands.