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COSMO VENTURES INC. (TPE:2883) Files An 8-K Changes in Registrant’s Certifying Accountant

COSMO VENTURES INC. (TPE:2883) Files An 8-K Changes in Registrant’s Certifying Accountant

ITEM 4.01 CHANGES IN REGISRANT’S CERTIFYING ACCOUNTANT.

COSMO VENTURES INC. (the “Company”) has dismissed David A.
Aronson, CPA, P.A. (the “Former Accounting Firm”) as its
independent registered public accounting firm, effective as of
December 9, 2016. As described in Item 4.01(a) below, the change
in independent registered public accounting firm is not the
result of any disagreement with the Former Accounting Firm.

ITEM 4.01(A) PREVIOUS INDEPENDENT ACCOUNTANTS.

(i)

On August 8, 2016, the Company dismissed the Former
Accounting Firm as its independent registered public
accounting firm effective on that date.

(ii)

The Former Accounting Firm of the Company’s financial
statements has not issued an adverse opinion or disclaimer
of opinion and was not qualified or modified as to
uncertainty, audit scope, or accounting principles up to
and including March 31, 2014.

(iii)

The reports of the Former Accounting Firm on the Company’s
financial statements as of and for the year ended March 31,
2014 contained an explanatory paragraph which noted that
there was substantial doubt as to the Company’s ability to
continue as a going concern as the Company has incurred net
losses since inception and existing uncertain conditions
which the Company faces relative to its obtaining capital
in the equity markets.

(v)

The Company’s Board made the decision to change
independent accountants; acting under authority delegated
to it, and approved the change of the independent
accountants at a Board of Director’s meeting on December
9, 2016.

(iv)

During the period through December 9, 2016, there (i) have
been no disagreements with the Former Accounting Firm on
any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which
disagreements, if not resolved to the satisfaction of the
Former Accounting Firm, would have caused the Former
Accounting Firm to make reference to the subject matter of
such disagreements in its reports on the financial
statements for such years and (ii) were no reportable
events of the kind in Item 304(a)(1)(v) of Regulation S-K.

(B) Appointment of New Independent Registered Public
Accounting Firm.

(i)

On December 8, 2016, the Directors approved the appointment
of GBH CPAs, PC (GBH) as the Companys new independent
registered public accounting firm commencing for its year
ended March 31, 2015.

(ii)

In connection with the Companys appointment of GBH as the
Companys independent public accounting firm, the Company
has not consulted GBH on any matter relating to either (i)
the application of accounting principals to a specific to a
specific transaction, either completed or contemplated, or
the type of audit opinion that might be rendered on the
Companys financial statements or (ii) any matter that was
subject of a disagreement (as that term is defined in Item
304(a)(1)(iv) of Regulation SK and the related
instructions) or a reportable event (as that term is
defined in Item 304(a)(1)(v) of Regulation S-K).

The Company has requested that the Former Accounting Firm furnish
it with a letter addressed to the Securities and Exchange
Commission stating whether or not it agrees with the above
statement. A copy of the letter from the Former Accounting Firm
is attached hereto as Exhibit 16.1 to this Form 8-K

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(D) EXHIBITS

Exhibit No.

Description of Exhibit

16.1 Letter from David A. Aronson, CPA, P.A. to the Securities and
Exchange Commission dated December 14, 2016

About COSMO VENTURES INC. (TPE:2883)
CHINA DEVELOPMENT FINANCIAL HOLDING CORP. is a Taiwan-based financial holding company principally engaged in the provision of financial related services. The Company mainly operates through three business segments. The Industrial Banks segment is mainly engaged in the direct investment, financial market and corporate banking businesses. The Securities segment is mainly engaged in the wealth management, trading and investment banking businesses. The Commercial Banks segment is mainly engaged in the consumer finance, corporate finance and financing businesses. The Company mainly operates its business in domestic market and overseas markets, including Hong Kong, British Virgin Islands, Malaysia, the People’s Republic of China (the PRC) and others. COSMO VENTURES INC. (TPE:2883) Recent Trading Information
COSMO VENTURES INC. (TPE:2883) closed its last trading session down -0.05 at 8.12 with 14,347,000 shares trading hands.

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