At no time during the reports for the two most recent fiscal years, and through the
interim period from the date of the last audited financial statements to May 15, 2013,
were there any disagreements with Albert Wong & Co. LLP on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or procedure,
which disagreements, if not resolved to the satisfaction of Albert Wong & Co. LLP,
would have caused them to make reference thereto in their report on the financial
statements for such years.
The Company has provided Albert Wong & Co. LLP with a copy of this Form 8-K and
requested that Albert Wong & Co. LLP furnish the Company with a letter addressed to
the SEC, stating whether or not Albert Wong & Co. LLP agrees with the statements made
by the Company in this Form 8-K. A copy of Albert Wong & Co. LLP response letter is
attached as Exhibit 16.1 to this Form 8-K.
On September 30, 2013, the Company engaged MaloneBailey, LLP (the "New
Accountant"), an independent U.S. CPA firm, as its new independent accountants,
commencing with the audit for the fiscal year ended June 30, 2013. The decision to change
independent accountants was approved by the Board of Directors of the Company.
During the Company's two most recent fiscal years and through the interim period preceding
the engagement of the New Accountant, the Company (a) has not engaged the New Accountant
as either the principal accountant to audit the Company's financial statements, or as an
independent accountant to audit a significant subsidiary of the Company and on whom the
principal accountant is expected to express reliance in its report; and (b) has not
consulted with the New Accountant regarding (i) the application of accounting principles
to a specific transaction, either completed or proposed, or the type of audit opinion that
might be rendered on the Company's financial statements, and no written report or oral
advice was provided to the Company by the New Accountant concluding there was an important
factor to be considered by the Company in reaching a decision as to an accounting,
auditing or financial reporting issue; or (ii) any matter that was either the subject of a
disagreement, as that term is defined in Item 304(a)(1)(iv) of Regulation S-K or a
reportable event, as that term is described in Item 304(a)(1)(v) of Regulation S-K.