CONSUMER CAPITAL GROUP, INC. (OTCMKTS:CCGN) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01 Changes in Registrant’s Certifying Accountant.
(a) Previous Independent Registered Public Accounting
Firm
The Board of Directors of Consumer Capital Group, Inc. (the
Company) has performed an evaluation of independent registered
public accounting firms. As a result of this process, on June 12,
2017, the Board of Directors formally approved the engagement of
Wei, Wei Co., LLP. (Wei, Wei Co.) as the Companys independent
registered public accounting firm for the fiscal year ending
December 31, 2017. On June 15, the Company informed Centurion ZD
CPA Ltd. (Centurion ZD) (fka DCAW (CPA) Ltd. as successor to
Dominic K.F. Chan Co.) that it has been dismissed as the Companys
independent registered public accounting firm based on the Board
of Directors decision. On June 12, the Company signed an
engagement letter with Wei, Wei Co.
The reports of Centurion ZD on the Companys financial statements
as of and for the years ended December 31, 2016, December 31,
2015 and December 31, 2014, contained no adverse opinion or
disclaimer of opinion nor was qualified or modified as to
uncertainty, audit scope, or accounting principle.
During the recent fiscal years ending ended December 31, 2016,
December 31, 2015 and December 31, 2014 and the subsequent period
through June 13, 2017, the date of dismissal, there have been no
(i)disagreements with Centurion ZD, on any matter of accounting
principles or practices, financial statement disclosure, or
auditing scope or procedure, which disagreements, if not resolved
to Centurion ZD, satisfaction, would have caused Centurion ZD, to
make reference to the subject matter of the disagreement(s) in
connection with its reports; or (ii) reportable events as defined
in Item304(a)(1)(v) of RegulationS-K.
The Company has provided Centurion ZD with a copy of the above
disclosures and requested that Centurion ZD furnish the Company
with a letter addressed to the U.S. Securities and Exchange
Commission (SEC) stating whether or not it agrees with the above
statement. A copy of Centurion ZDs letter, dated June 14, 2016 is
filed as Exhibit 16.1 to this Current Report on Form 8-K.
(b) New Independent Registered Public Accounting Firm
As set forth about, concurrent with the decision to dismiss
Centurion ZD as the Companys independent registered public
accounting firm, the Board of Directors approved the engagement
of Wei, Wei Co. as the Companys new independent registered public
accounting firm.
During the Companys recent fiscal years ended December 31, 2016,
December 31, 2015 and December 31, 2014, and during the
subsequent interim period through the date of the engagement,
neither the Company nor anyone on behalf of the Company consulted
Wei, Wei Co. regarding either (a) the application of accounting
principles to a specified transaction, either completed or
contemplated, or the type of audit opinion that might be rendered
on the financial statements of the Company, and no written or
oral advice of Wei, Wei Co. was provided with respect to any
accounting, auditing, or financial reporting issue, or (b) any
matter that was either the subject of a disagreement of the type
described in Item 304(a)(iv) of Regulation S-K or any reportable
event described in Item 304(a)(1)(v) of Regulation S-K.
Item 9.01 Financial Statements and Exhibits.
| Exhibit No. | Description | |
| 16.1 |
Letter from Centurion ZD CPA Ltd. addressed to the U.S. Securities and Exchange Commission |
About CONSUMER CAPITAL GROUP, INC. (OTCMKTS:CCGN)
Consumer Capital Group Inc. is a holding company. The Company operates the Internet finance business through its subsidiaries, America Arki (Fuxin) Network Management Co. Ltd. (Arki Fuxin), America Arki Network Service Beijing Co., Ltd. (Arki Network Service) and Arki (Beijing) E-Commerce Technology Corp. (Arki Beijing), through respective contractual arrangements among these parties. Arki Network Service, through America Arki (Tianjin) Capital Management Partnership (Arki Tianjin), engages in wealth management business. Arki Tianjin operates its business on its crowdfunding platform Bangnitou, which translates to Help You Invest in English and attracts capital from investors to invest in fixed income opportunities. Arki Network Service operates its peer-to-peer lending business through Shanghai Zhong Hui Financial Information Service Corp. (Zhong Hui), which is an online consumer finance marketplace in the People’s Republic of China (PRC) connecting investors and corporate borrowers.