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 22, 1997
CHINA CONTINENTAL, INC.
(Exact name of registrant as specified in its charter)
Utah 33-3276-D 87-0431063
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation
1101-1806 Hua Quin International Building, 340 Queen's Road Central, Hong Kong
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (852) 2542-2612
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(Former name or former address, if changed since last report)
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Item 4. Changes in Registrant's Certifying Accountant
(a) Dismissal of Independent Accounting Firm
(i) Ernst & Young, L.L.P. (the "principal accountants"), the independent
accounting firm which audited the financial statements of the registrant during
fiscal year 1996, was dismissed by the Company on December 22, 1997.
(ii) None of the principal accountant's reports on the financial statements
of the registrant has contained an adverse opinion or a disclaimer of opinion,
or was qualified or modified as to uncertainty, audit scope, or accounting
principles.
(iii) Not applicable.
(iv) During the preceding two years and any subsequent interim period
preceding their dismissal, the registrant had no disagreements with the
principal accountants 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 the principal accountants,
would have caused it to make reference to the subject matter of the
disagreements in connection with its report.
(v) None of the kinds of events listed in paragraph (a)(1)(v)(A) through
(D) of Regulation S-K Item 304 occurred during the two most recent fiscal years
and any subsequent interim periods.
(b) Engagement of New Independent Accountants
On December 22, 1997, the registrant's board of directors formally engaged
Blackman Kallick Bartelstein, L.L.P. (the "new accounting firm") of 300 S.
Riverside Plaza, Suite 660, Chicago, Illinois 60606-6613 to audit the
registrant's financial statements.
The registrant, during the two most recent fiscal years and any subsequent
interim period prior to the engagement of the new accounting firm, did not
consult with the new accounting firm with regard to any of the matters listed in
Regulation S-K Items 304(a)(2)(i) or (ii).
Item 7. Financial Statements and Exhibits.
(c) Exhibits
16.1 Letter from Ernst & Young, L.L.P. re. termination
of auditor relationship
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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 hereunto duly authorized.
CHINA CONTINENTAL, INC.
/s/
-------------------------------------
Chan Kwai Chiu
President and Chief Executive Officer
Date: December 22, 1997
Ernst & Young Certified Public Accountants
15/F Hutchinson House
10 Harcourt Road
Central Hong Kong
Phone: 852 2846 9888
852 2526 5371
Fax: 852 2868 4432
852 2845 9208
Our ref: CYT/WLMK/230942/9
December 15, 1997
The Board of Direftors
China Continental, Inc.
Room 1801-1806
Hua Qin International building
340 Queens's Road
Central
Hong Kong
Attn: Mr. Eric Ng
Dear Sirs:
This is to confirm that the auditor client relationship betrween china
Continental, Inc. (Commission File Number 33-3276-D) and Ernst & Young has
ceased.
Yours faithfully
/s/
Ernst & Young
cc: Office of the Chief Accountant
SECPS Letter File
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
