Item 4.01 Changes in Registrant’s Certifying Accountant
Effective February 15, 2006, Great China International Holdings, Inc., engaged Murrell, Hall, McIntosh & Co. PLLP (“MHM”), as its independent registered accounting firm to audit the financial statements of Great China International for the fiscal year ended December 31, 2005. At the time of the engagement, the services of HJ Associates & Consultants, LLP, the firm that audited the financial statements of Great China International for the year ended December 31, 2004, was dismissed by Great China International. MHM has been engaged as the independent accounting firm for Great China International’s subsidiary, Silverstrand International Holding Ltd., which Great China International acquired in 2005. In the interest of expediency and cost, the Board of Directors of Great China International determined to make the change in accounting firms for the parent company, Great China International.
HJ Associates & Consultants performed audits of Great China International’s financial statements for each of the years ended December 31, 2004 and 2003. Their audit reports did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles.
During the two-year period ended December 31, 2004, and from that date through February 15, 2006, there have been no disagreements between Great China International and HJ Associates & Consultants on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which would have caused HJ Associates & Consultants to make reference to the subject matter of such disagreements in connection with their reports for each of the years ended December 31, 2004 and 2003. In connection with its audits for each of the fiscal years ended December 31, 2004 and 2003, and through February 15, 2006, there were no reportable events (as defined in Regulation S-B Item 304(a)(1)(iv)(B)).
Great China International requested HJ & Associates to furnish a letter to the SEC stating whether it agrees with the above statements. The letter is furnished as Exhibit 16.1.
During the two most recent fiscal years and through the date hereof, neither Great China International nor any one on behalf of Great China International has consulted with MHM regarding the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on Great China International’s financial statements, or any other matters required to be disclosed under Item 304(a)(1)(iv) of Regulation S-B.
Item 9.01 Financial Statements and Exhibits
Furnished with this report as Exhibit 16.1 is the letter from HJ Associates & Consultants, LLP, dated March 28, 2006.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Great China International Holdings, Inc.
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| Date: March 28, 2006 | | By: | | /s/ Deng Zhiren | |
| | | | Deng Zhiren, Chief Executive Officer | |
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