SEC 1815
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FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of February, 2003
Commission File Number 000-50184
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Yantai Daihua Holdings Company Limited
(Translation of registrant's name into English)
East of Muping, Yantai, Shangdong, People's Republic of China
(Address of principal executive offices)
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Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark whether by furnishing the information contained in this
Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- ________.
Form 6-K Page 2 of 3
CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
In connection with the previously reported closing on February 18, 2003 of the
Agreement and Plan of Share Exchange between Equity Finance Holding Corporation
and Australia China Investments Limited, whereby Australia China and its two
stockholders acquired more than a majority of the issued and outstanding shares,
the name of the registrant was changed to Yantai Dahua Holdings Company Limited,
all directors and executive officers of Equity resigned and new directors and
executive officers were appointed. The new board of directors engaged Messrs.
Moores Rowland, 34/F, The Lee Gardens, 33 Hysan Avenue, Causeway Bay, Hong Kong,
as the principal accountant to audit the registrant's financial statements for
fiscal years 2002 and 2003; the independent accountants that were previously
engaged as the principal accountant to audit the registrant's financial
statements, Malone & Bailey, PLLC, Houston, Texas for fiscal 2001 and
Perry-Smith LLP for fiscal 2000, were dismissed.
The former principal accountants' reports on the financial statements for the
last two fiscal years contained a "going concern" comment due to recurring
losses from operations. The reports did not contain an adverse opinion or a
disclaimer of opinion and were not modified as to audit scope or accounting
principles.
There were no disagreements with the former principal accountants on any matter
of accounting principles or practices, financial statement disclosure or
auditing scope or procedure. The registrant has authorized the former principal
accountants to respond fully to any inquiries of the successor principal
accountant. The registrant did not consult with the successor principal
accountant regarding any matter of accounting principles or practices, financial
statement disclosure or auditing scope or procedure prior to it engagement.
[INTENTIONALLY LEFT BLANK]
Form 6-K Page 3 of 3
Signatures
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.
YANTAI DAHUA HOLDINGS COMPANY LIMITED
By:___________________________
Tang Yuxiang, Chairman and Chief Executive Officer
Date: March 6, 2003