Item 4.01
|
Changes in Registrant’s Certifying
Accountant
|
(a)
Previous
independent registered public accounting firm
(i)
On
January
5, 2017,
San
Lotus Holding Inc.
(the “Company”) formally informed
WLCC Accountancy Corp.
of their dismissal as the Company’s
independent registered public accounting firm.
(ii)
The
reports of
WLCC Accountancy Corp.
on the Company’s
financial statements as of and for the fiscal year ended December 31,
2015
contained no adverse opinion or disclaimer of opinion and were not qualified or
modified as to uncertainty, audit scope or accounting principle except to
indicate that there was substantial doubt about the Company’s ability to
continue as a going concern.
(iii)
The
Company’s board of directors and audit committee participated in and approved
the decision to change independent registered public accounting firms.
(iv)
During
the fiscal year ended December
31, 2015
and through
January 5, 2017,
there have been no disagreements with
WLCC
Accountancy Corp.
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
WLCC Accountancy Corp.
would have caused them to make
reference thereto in connection with their report on the financial statements
for such years.
(v)
The
Company has requested that
WLCC
Accountancy Corp.
furnishes it with a letter addressed to the SEC
stating whether or not it agrees with the above statements. A copy of the
letter provided by
WLCC Accountancy
Corp.
is filed as Exhibit 16.1 to this Form 8-K.
(b)
New
independent registered public accounting firm
(1)
On
January
3, 2017,
the Company engaged Davidson & Company LLP, Chartered Professional
Accountants as its new independent registered public accounting firm. During
the two most recent fiscal years and through January 3, 2017, the Company
had not consulted with Davidson & Company LLP, Chartered Professional
Accountants regarding any of the following:
(i)
The
application of accounting principles to a specific transaction, either
completed or proposed;
(ii)
The
type of audit opinion that might be rendered on the Company’s financial
statements, and none of the following was provided to the Company: (a) a
written report, or (b) oral advice that Davidson & Company LLP, Chartered
Professional Accountants concluded was an important factor considered by the
Company in reaching a decision as to accounting, auditing or financial
reporting issue; or
(iii)
Any
matter that was subject to a disagreement, as that term is defined in Item
304(a)(1)(iv) of Regulation S-K.