Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related
Audit Report or Completed Interim Review.
On October 10, 2019, the Board of Directors (the "Board") of QMIS Finance
Securities Corporation (the "Company") concluded that a material error was
contained in the financial statements in the Company's Annual Reports on Form
10-K for the fiscal years ended April 30, 2014 and April 30, 2015 and the
Company's Quarterly Reports on Form 10-Q for periods ended October 31, 2013,
January 31, 2014, July 31, 2014, October 31, 2014, January 31, 2015, July 31,
2015, October 31, 2016, and January 31, 2016. These reports should no longer be
relied upon.
The Board noticed and concluded that the conversion of 5,000,000 shares of
Series B Preferred Stock into 5,000,000 shares of Common Stock that was made on
September 12, 2013 by Mr. Chin Yung Kong contained a conversion error. Pursuant
to Company's Certificate of Incorporation (as amended), each share of Series B
Preferred Stock is convertible into 10 shares of Common Stock; therefore,
5,000,000 shares of Series B Preferred Stock should have been converted to
50,000,000 shares of Common Stock. The Company intends to file amended reports
within a reasonable time.
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QMIS FINANCE SECURITIES CORPORATION 