SEMILEDS CORPORATION (NASDAQ:LEDS) Files An 8-K Changes in Registrant’s Certifying Accountant

Item 4.01. Changes in Registrants Certifying Accountant.

On December 8, 2016, KPMG (Taiwan) informed the audit committee
of the board of directors of SemiLEDs Corporation (the Company)
that they declined to stand for reelection as the Companys
independent registered public accounting firm.

KPMG (Taiwan)s reports on the Companys consolidated financial
statements for the fiscal years ended August 31, 2016 and 2015
did not contain any adverse opinion or a disclaimer of opinion,
nor were they qualified or modified as to uncertainty, audit
scope or accounting principles except as follows: KPMG (Taiwan)s
report on the consolidated financial statements of SemiLEDs
Corporation and subsidiaries as of and for the years ended August
31, 2016 and 2015, contained a separate paragraph stating that
those consolidated financial statements have been prepared
assuming that the Company will continue as a going concern. As
discussed in note 2 to the consolidated financial statements, the
Company has suffered recurring losses from operations, has not
generated sufficient net cash flows from operating activities and
has an accumulated deficit that raise substantial doubt about its
ability to continue as a going concern. Managements plans in
regard to these matters are also described in note 2. The
consolidated financial statements and financial statement
schedule do not include any adjustments that might result from
the outcome of this uncertainty.

In connection with the audits of the Companys consolidated
financial statements for the fiscal years ended August 31, 2016
and 2015, there were no disagreements with KPMG (Taiwan) on any
matters of accounting principles or practices, financial
statement disclosure, or auditing scope procedure which,
disagreements, if not resolved to KPMG (Taiwan)s satisfaction,
would have caused KPMG (Taiwan) to make reference to the matter
in their reports.

The Company has requested KPMG (Taiwan) to furnish the Company
with a letter addressed to the Securities and Exchange Commission
stating whether KPMG (Taiwan) agrees with the above statements. A
copy of KPMG (Taiwan)s letter dated December 9, 2016 is filed as
Exhibit 16.1 to this Current Report on Form 8-K.

Item 9.01. Financial Statements and Exhibits.

(d)Exhibits.

About SEMILEDS CORPORATION (NASDAQ:LEDS)

SemiLEDs Corporation develops, manufactures and sells light emitting diode (LED) chips and LED components. The Company’s products are used primarily for general lighting applications, including street lights and commercial, industrial and residential lighting. Its LED chips may also be used in specialty industrial applications, such as ultraviolet (UV), curing of polymers, LED light therapy in medical/cosmetic applications, counterfeit detection, LED lighting for horticulture applications, architectural lighting and entertainment lighting. The Company produces a range of blue, white, green and UV LED chips, including its Enhanced Vertical (EV) LED product series, ranging from chip sizes of approximately 380 microns (um) by 380um to 1,520um by 1,520um. It designs, assembles and sells lighting fixtures and systems for general lighting applications, including commercial, residential and industrial lighting. Its lighting products consist primarily of LED luminaries and LED retrofits.

SEMILEDS CORPORATION (NASDAQ:LEDS) Recent Trading Information

SEMILEDS CORPORATION (NASDAQ:LEDS) closed its last trading session up +0.07 at 4.41 with 7,928 shares trading hands.