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Jialijia Group Corp Ltd – ‘8-K’ for 3/30/20

On:  Monday, 3/30/20, at 4:03pm ET   ·   For:  3/30/20   ·   Accession #:  1213900-20-7961   ·   File #:  333-209900

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/30/20  Jialijia Group Corp Ltd           8-K:8       3/30/20    1:22K                                    Edgar Agents LLC/FA

Current Report   —   Form 8-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     16K 


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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): March 30, 2020

 

 

 

Jialijia Group Corporation Limited

 

(Exact name of registrant as specified in its charter)

 

 

Commission file number: 333-209900

 

     
Nevada   35-2544765
(State or other jurisdiction
of incorporation or organization)
  (I.R.S. Employer
Identification No.)
   
Room 402, Unit B, Building 5, Guanghua Community, Guanghua Road, Tianning District, Changzhou, Jiangsu, China   +86 (519) 8980-1180
(Address of principal executive offices, including zip code)   (Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

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Item 8.01. Other Events.

Jialijia Group Corporation Limited (the “Company”) is providing the following update on the filing of its Form 10-K for the fiscal year ended December 31, 2019. As a result of the global outbreak of the COVID-19, starting in China at the end of January 2020 and having become a global pandemic, the Company is unable to meet the filing deadline of the Form 10-K. The Company’s business and principal office are all located in China. In order to avoid the risk of the virus spreading, the Chinese government required enterprises to delay the resumption of work and production. Such delay also directly caused a delay in the entry time of the on-site audit by the Company’s independent public accountant. The Company has been following the recommendations of local health authorities to minimize exposure risk for its team members for the past several weeks, including the temporary closures of its offices and having team members work remotely, and, as a result, the Form 10-K will not be completed by the filing deadline, due to insufficient time to facilitate the internal and external review process.

Such delay also directly caused a delay in the entry time of the on-site audit by the Company’s independent public accountant, KCCW Accountancy Corp, located in the State of California, whose staff engaged in the review of the Company’s financial statements and preparation of the accompanying audit report would no longer be present at the Company’s facilities as a result of the COVID-19 virus.

In accordance with the order (the “Order”) promulgated by the Securities and Exchange Commission on March 4, 2020 in Release No. 34-88318 relating to the Securities Exchange Act of 1934, as amended, the Company currently expects to file its Annual Report on Form 10-K approximately 45 days after March 30, 2020, which shall be no later than May 14, 2020. The Company will evaluate its need for an additional extension under Rule 12b-25 at that time, as contemplated by the Order.

The Company is supplementing the risk factors explaining the impact of COVID-19 on its business:

 

We are susceptible to general economic conditions, natural catastrophic events and public health crises, which could adversely affect our operating results.

Our operating results will be subject to fluctuations based on general economic conditions. Deterioration in economic conditions could cause slowdown in the growth of our company and could negatively impact our results of operations.

Furthermore, our business is subject to the impact of natural catastrophic events such as earthquakes, floods or power outages, political crises such as terrorism or war, and public health crises, such as disease outbreaks, epidemics, or pandemics in the U.S. and global economies, our markets and business locations. Currently, the rapid spread of coronavirus (COVID-19) globally has resulted in increased travel restrictions and disruption and shutdown of businesses. We may experience impacts from quarantines and market downturns behavior related to pandemic fears. The extent to which the coronavirus impacts our results will depend on future developments, which are highly uncertain and will include emerging information concerning the severity of the coronavirus and the actions taken by governments and private businesses to attempt to contain the coronavirus, but is likely to result in a material adverse impact on our business, results of operations and financial condition at least for the near term.

Forward-Looking Statements

Statements in this Current Report on Form 8-K are “forward-looking statements” as the term is defined under applicable securities laws. These statements include the anticipated timing of the filing of Company’s quarterly and annual statements under the Exchange Act; the expected impact of the COVID-19 virus outbreak on the Company’s financial reporting capabilities and its operations generally and the potential impact of such virus on the Company’s customers, distribution partners, advertisers and production facilities and other third parties. These and other forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those statements. Such risks and uncertainties are, in many instances, beyond the Company’s control. Forward-looking statements, which are presented as of the date of this filing, will not be updated to reflect events or circumstances after the date of this statement except as required by law.

 

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

           
Date: March 30, 2020       Jialijia Group Corporation Limited
       
        By: /s/ Na Jin
          Na Jin
         

Chief Executive Officer, Chief Financial Officer

(Principal Executive Officer, Principal Financial and Accounting Officer)

 

 

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Dates Referenced Herein

This ‘8-K’ Filing    Date    Other Filings
5/14/20None on these Dates
Filed on / For Period end:3/30/20
3/4/20
12/31/19
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