Umatrin Holding Ltd. (OTCMKTS:UMHL) Files An 8-K Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review

Item 4.02 Non-Reliance On Previously Issued Financial Statements
Or A Related Audit Report Or Completed Interim Report

On May 17, 2017, Umatrin Holding Ltd. (the Company) was notified
by its independent registered public accounting firm, WWC, P.C.
(WWC) of errors in Companys audited financial statements for the
fiscal year ended December 31, 2016 as filed with the U.S.
Securities and Exchange Commission (SEC) on April 17, 2017 (the
Original Filing). On June 12, 2017, upon review of the Original
Filing and accounting files and based on the recommendation from
WWC, Companys management concluded that the following previously
issued financial statements should no longer be relied upon and
will be restated. The Company has preparedan amendment to the
Form 10-K for the fiscal year ended December 31, 2016 dated June
14, 2017, which will contain the revised financial statements
upon which the public could rely. The management of the Company
has discussed with WWC the preparation and filing of this Form
8k.

The restatements of the financial statements referred to above
resulted from the incorrect classification of the term loan
payable-current portion and term loan payable-long term. In
addition, Companys management identified an omission of the
Consolidated Statements of Comprehensive Loss in the Original
Filing due to clerical error. The adjustments made to the
restated financial statements did not have an impact to earnings
before taxes, net income, total cash flow, total assets, total
liabilities, retained earnings or total shareholder equity and
therefore the Company believes that the restatements do not have
a positive or negative effect on the operations of the business.
The effects of the restatements are also not expected to affect
the Companys cash flows. After reviewing the circumstances
leading up to the restatement, Company and WWC believe that the
errors were inadvertent and unintentional.

We have provided a copy of this report on Form 8-K to WWC and
requested that it provide us with a letter addressed to the SEC
stating whether it agrees with the statements made by us in
response to this item. A copy of that letter, dated June 14,
2017, is attached hereto as Exhibit 7.1.

Item 9.01 Financial Statements and
Exhibits.

About Umatrin Holding Ltd. (OTCMKTS:UMHL)

Umatrin Holding Limited offers health and wellness products. The Company’s subsidiary, U Matrin Worldwide SDN BHD (Umatrin), provides technology and services to enable consumers, merchants and other participants to conduct business in its cloud-based trading system. Its segment is marketing and sales. It has curated non-toxic beauty, personal care to health and wellness products. The markets for Umatrin’s products are in Malaysia. Its geographic segment is Malaysia. It markets its products through approximately three primary methods, such as direct contact, online distribution, and/or by its dealer program. The Company’s products include Hydrogen Antioxidant Water Purifier, which includes various filters, such as Pre-Carbon filter, Nano Silver Filter, Alkaline Filter and Post-carbon filter; Hydrogen Alkaline Water Stick; UNIBERSIH; SOYME; SOPHIELICIOUS; Nano Skin-Care Serum Series and Nano Vibration Serum Pen; Dr. Appers Stem Cell, and AKERO SECRET ANTI-AGING SKIN CARE SERIES.