Attached files
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| EX-99.1 - CHINA AUTOMOTIVE SYSTEMS INC | v205305_ex99-1.htm |
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): December 13, 2010 (December 8,
2010)
China
Automotive Systems, Inc.
(Exact
Name of Registrant as Specified in its Charter)
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Delaware
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000-33123
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33-0885775
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(State
or other jurisdiction of incorporation or organization)
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(Commission
File Number)
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(I.R.S.
Employer
Identification
No.)
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No.
1 Henglong Road, Yu Qiao Development Zone
Shashi
District, Jing Zhou City
Hubei
Province
People’s
Republic of China
(Address
of principal executive offices, including zip code)
Registrant’s
telephone number, including area code (86) 27-5981 8527
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:
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¨
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
4.01 Changes in
Registrant’s Certifying Accountant
On
December 8, 2010, China Automotive Systems, Inc. (the “Registrant”), received a letter of
resignation from Schwartz Levitsky Feldman LLP (“SLF”) resigning as the
Registrant’s independent registered public accounting firm with effect from
December 8, 2010.
The
reports of SLF on the Registrant’s consolidated financial statements for the
years ended December 31, 2009 and 2008 did not contain an adverse opinion or
disclaimer of opinion, and such reports were not qualified or modified as to
uncertainty, audit scope, or accounting principle.
During
the Registrant’s two most recent fiscal years ended December 31, 2009 and 2008,
and the subsequent periods through the effective date of the resignation of SLF,
there were no disagreements on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope of procedure which
disagreement(s), if not resolved to the satisfaction of SLF, would have caused
it to make reference thereto in its reports on the Registrant’s consolidated
financial statements for such periods.
There
have been no reportable events as provided in Item 304(a)(1)(v) of Regulation
S-K during the Registrant’s fiscal years ended December 31, 2009 and 2008, and
any subsequent interim period, including the interim period up to and including
the effective date of resignation of SLF.
The
Registrant provided SLF with a copy of the disclosure set forth in this report
on Form 8-K, and requested that SLF furnish a letter addressed to the Securities
and Exchange Commission (the “SEC”) stating whether it
agrees with the above statements. A copy of this letter will be
separately filed with the SEC.
Upon the
recommendation of the Audit Committee of the Board of Directors of the
Registrant, and as ratified and approved by the Board of Directors of the
Registrant on December 10, 2010, PricewaterhouseCoopers Zhong Tian CPAs Limited
Company (“PwC”) was
appointed, subject to the acceptance of the appointment by PwC as the
Registrant’s independent registered public accounting firm. On December 10,
2010, PwC accepted the engagement as the Company's independent registered public
accounting firm.
Item
8.01 Other
Events
On
December 13, 2010, the Registrant issued a press release announcing that PwC was
engaged as its independent registered public accounting firm effective December
10, 2010. The press release is attached as Exhibit 99.1 to this
report on Form 8-K.
Item
9.01 Financial
Statements and Exhibits
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(d)
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Exhibits
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Exhibit
No
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Description
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99.1
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Press
Release of China Automotive Systems, Inc., dated December 13,
2010
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2
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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China
Automotive Systems, Inc.
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(Registrant)
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Date: December
13, 2010
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By:
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/s/ Hanlin
Chen
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Hanlin
Chen
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Chairman
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