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GREEN VISION BIOTECHNOLOGY CORP. : Other Events, Financial Statements and Exhibits (form 8-K) – marketscreener.com

March 29th, 2020 3:56 am

Item 8.01 Other Events.

Green Vision Biotechnology Corp. (the "Company") hereby announces that it isrelying the order of the Securities and Exchange Commission, Release No.34-88318, dated March 4, 2020 for the extension of the filing deadline of itsAnnual Report on Form 10-K, for the year ended December 31, 2019. There was anoutbreak of Coronavirus in China at the end of January, 2020. In order to avoidthe risk of the virus spreading, the Chinese government required enterprises todelay the resumption of work and production, this included City lockdown, travelsuspension, operation suspension, 14-days quarantine, and the work from home.The Company has major operation in Jinzhong, Shanxi and abided by the governmentrule to suspend operation since late January 2020. This has hindered theprogress of performing audit procedures so as to express an appropriate auditopinion for the audit of the Company. Because of the government order to suspendoperation, the Company's accounting staff could not access to the physicalrecords of the Company which cause a delay in providing the relevant informationto the Company's independent public accountant so as to perform the requiredaudit procedures.

The delay to provide responses to auditor inquiries also effected thehardworking of the Company's management because it took more time to collect theappropriate information, access and locate relevant documents, and re-arrangevarious resources. The aforementioned and the subsequent delays relating to thecompletion of audit procedures have caused the filing of the Form 10-K on orbefore April 15, 2020 to become impossible. The Company expects to file theannual report on Form 10-K on May 15, 2020.

Item 9.01 Financial Statements and Exhibits.

Edgar Online, source Glimpses

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GREEN VISION BIOTECHNOLOGY CORP. : Other Events, Financial Statements and Exhibits (form 8-K) - marketscreener.com

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