Item 4.01 Change in Registrant's Certifying Accountant
(i) On July 2, 2020, the Company dismissed ZH CPA, LLC ("ZH"), the independent
registered public accounting firm of MS Young Adventure Enterprise, Inc. (the
"Company"), effective on that date. As a result, the Company's Board of
Directors engaged BFBorgers CPA PC ("BFB") to serve as the Company's independent
registered public accounting firm effective July 2, 2020.
(ii) The report of ZH on the financial statements of the Company as of and for
the fiscal year ended December 31, 2019 contained no adverse opinion or
disclaimer of opinion and were not qualified or modified as to uncertainty,
audit scope, or accounting principles.
(iii) During the Company's fiscal year ended December 31, 2019 and the
subsequent interim periods from January 1, 2020 to the date of this report, and
in connection with the audit of the Company's financial statements for such
periods, there were no disagreements between the Company and ZH 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
ZH, would have caused ZH to make reference to the subject matter of such
disagreements in connection with its audit reports on the Company's financial
statements.
(iv) ZH's audit opinion letter for the periods ended December 31, 2019 and 2018
included the following statements:
"Going Concern Matter
The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. As discussed in Note 2 to the
financial statements, the Company has suffered recurring losses from operations
that raises substantial doubt about its ability to continue as a going concern."
Restatement of Previously Issued Financial Statements
As discussed in Note 9 to the financial statements, the Company has restated its
financial statements of December 31, 2018 to correct a misstatement.
(v) During the Company's fiscal year ended December 31, 2019 and the subsequent
interim period from January 1, 2020 to the date of this report, there were no
reportable events within the meaning of Item 304(a)(1)(v) of Regulation S-K.
(vi) During the Company's fiscal year ended December 31, 2019 and the subsequent
interim period from January 1, 2020 to the date of this report, the Company did
not consult with BFB regarding any of the matters set forth in Items
304(a)(2)(i) and (ii) of Regulation S-K.
(viii) The Company has provided ZH with a copy of the disclosures in this report
and has requested that ZH furnish it with a letter addressed to the Securities
and Exchange Commission stating whether or not ZH agrees with the statements in
this Item 4.01. A copy of this letter is filed as Exhibit 16.1 to this report.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit Number Description
16.1 Letter to Securities and Exchange Commission from ZH CPA LLC
dated July 2, 2020
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