| Item 4.01 | | Changes in Registrant’s Certifying Accountant |
Resignation of Principal Accountant
On October 22, 2007, the Company’s certifying accountant, Henny Wee & Co. (the “Accountant”), resigned as the Company’s independent auditor. The Accountant was engaged on August 9, 2007, and, therefore, served as the Company’s certifying accountant for just over two months. During that limited period of service, and there were no disputes between the Company’s management and the Accountant, the Accountant did not issue any audit report on the Company’s financial statements because it did not conduct any audit of the financial statements of the Company. Furthermore, during the brief period of service there were no disagreements with the Accountant on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which, if not resolved to the Accountant’s satisfaction, would have caused it to make reference to the subject matter of the disagreement(s) in connection with any report it might have issued on the financial statements of the Company, and there were no reportable events described in Item 304(a)(1)(v) of Regulation S-K.
The Company has provided the Accountant with a copy of the disclosures it is making in response to Item 304(a) of Regulation S-K and has requested that the Accountant furnish the Company with a letter addressed to the Commission stating whether it agrees with the statements made by the Company. A copy of this letter is filed with this report as Exhibit 16.1.
Engagement of Principal Accountant
On October 22, 2007, the board of directors of the Company approved the engagement of Kabani & Company, Inc., as its new independent accountant. During the two most recent fiscal years and through the date hereof, neither the Company nor any one on behalf of the Company has consulted with Kabani & Company, Inc. 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 the Company’s financial statements, or any other matters or reportable events required to be disclosed under Items 304(a)(2)(i) or (ii) of Regulation S-K.
| Item 9.01 | | Financial Statements and Exhibits |
Copies of English translations of the following documents are included as exhibits to this report.
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| Exhibit No. | | Description of Document |
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| 16.1 | | Letter from Henny Wee & Co. |
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: October 24, 2007 | | By: | | /s/ Frank Jiang | |
| | | | Frank Jiang, Chief Executive Officer | |
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