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): June 24, 2005
Commission File Number: 0-29019
China Artists Agency, Inc.
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(Exact name of registrant as specified in its charter)
Nevada 22-3617931
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
Unit 503C, Miramar Tower, 132 Nathan Road, Tsimshatsui Hong Kong n/a
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(Address of principal executive offices) (Zip Code)
011-852-2313-1897
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(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 obligations 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 240.14d-2(b))
[ ] 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)
ITEM 4.01: CHANGES IN THE REGISTRANT'S CERTIFYING PUBLIC ACCOUNTANT
China Artists Agency, Inc., a Nevada corporation (the "Registrant") has
dismissed its auditors, Malone & Bailey, PC ("Malone & Bailey"), effective June
24, 2005. Malone & Bailey audited the Registrant's financial statements for the
fiscal years ended February 29, 2004 and February 28, 2003, and reviewed the
Registrant's unaudited financial statements for through the quarter ended
November 30, 2004. The Registrant has engaged Clancy and Co., PLLC to audit the
Registrant's financial statements for the fiscal year ended February 28, 2005.
Clancy and Co., PLLC was not involved in any way with the review of the
unaudited financial statements for the quarter ended November 30, 2004, nor
involved in any way with the audits of the Registrant's fiscal years ended in
2003 and 2004. The Registrant has authorized Malone & Bailey to discuss any
matter relating to the Registrant and its operations with Clancy and Co., PLLC.
The reports of Malone & Bailey for these fiscal years did not contain an adverse
opinion, or disclaimer of opinion and were not qualified or modified as to audit
scope or accounting principles except as described herein. The report of Malone
& Bailey for these fiscal years was qualified with respect to uncertainty as to
the Registrant's ability to continue as a going concern. During the Registrant's
two most recent fiscal years and the period from the end of the most recently
completed fiscal year through June 24, 2005, the date of resignation, there were
no disagreements with Malone & Bailey on any matter of accounting principles or
practices, financial statement disclosure or auditing scope or procedures, which
disagreements, if not resolved to the satisfaction of Malone & Bailey would have
caused it to make reference to such disagreements in its reports.
The change in the Registrant's auditors was recommended and approved by the
board of directors of the Registrant since the Registrant does not have an audit
committee.
During the two most recent fiscal years and subsequent interim period, the
Registrant did not consult with Clancy and Co., PLLC, 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
Registrant's financial statements, or any matter that was the subject of a
disagreement or a reportable event as defined in the regulations of the
Securities and Exchange Commission.
Malone & Bailey has reviewed the disclosures contained in this 8-K report. The
Registrant has advised Malone & Bailey that it has the opportunity to furnish
the Registrant with a letter addressed to the Securities and Exchange Commission
concerning any new information, clarifying the Registrant's disclosures herein,
or stating any reason why Malone & Bailey does not agree with any statements
made by the Registrant in this report.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit 16.1 Letter from the Registrant's former auditors confirming the
information in Item 4.01.
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.
China Artists Agency, Inc.
a Nevada corporation
June 27, 2005 By: /s/ Tang Chien Chang
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Tang Chien Chang
President and Chief Executive Officer