-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DlevRiiGIJs7P79bOTSLOAYvz2TCG3PZ0Gl9tuqznnuBz+/4b+fnM9/rqTAtIVSs YbczjI2o0v5abEPCYQ2qEw== 0001144204-08-071858.txt : 20081231 0001144204-08-071858.hdr.sgml : 20081231 20081231171104 ACCESSION NUMBER: 0001144204-08-071858 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20081229 ITEM INFORMATION: Changes in Registrant.s Certifying Accountant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20081231 DATE AS OF CHANGE: 20081231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ever-Glory International Group, Inc. CENTRAL INDEX KEY: 0000943184 STANDARD INDUSTRIAL CLASSIFICATION: APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300] IRS NUMBER: 650548697 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34124 FILM NUMBER: 081279401 BUSINESS ADDRESS: STREET 1: 100 N. BARRANCA AVE. STREET 2: #810 CITY: WEST COVINA STATE: CA ZIP: 91791 BUSINESS PHONE: 626-839-9116 MAIL ADDRESS: STREET 1: 100 N. BARRANCA AVE. STREET 2: #810 CITY: WEST COVINA STATE: CA ZIP: 91791 FORMER COMPANY: FORMER CONFORMED NAME: ever-glory international group, inc. DATE OF NAME CHANGE: 20051121 FORMER COMPANY: FORMER CONFORMED NAME: ANDEAN DEVELOPMENT CORP DATE OF NAME CHANGE: 19950329 8-K 1 v136055_8k.htm Unassociated Document
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 31, 2008 (December 29, 2008)
 

 
EVER-GLORY INTERNATIONAL GROUP, INC.
(Exact name of registrant as specified in Charter)
 
Florida
000-28806
65-0420146
(State or other jurisdiction of
incorporation or organization)
(Commission File No.)
(IRS Employee Identification No.)

100 N. Barranca Ave. #810
West Covina, CA 91791
(Address of Principal Executive Offices)
 
(626) 839-9116
(Issuer Telephone number)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 




Effective December 29, 2008, the Audit Committee of the Board of Directors of Ever-Glory International Group, Inc. (“Ever-Glory” or the “Registrant” or the “Issuer”), approved the Denver, Colorado firm of GHP Horwath, P.C. as the independent auditor to audit Ever-Glory’s consolidated financial statements for the fiscal year ended December 31, 2008 and any subsequent interim periods. During the Registrant’s past year, neither the Registrant nor anyone on its behalf has consulted with GHP Horwath, P.C. regarding any of the matters referenced in Item 304(a)(2) of Regulation S-K.

At the same meeting, the Audit Committee of Ever-Glory’s Board of Directors decided to not re-engage Moore Stephens Wurth Frazer and Torbet, LLP (“Moore Stephens”) as its independent auditor. The chairman of Ever-Glory’s Audit Committee provided notice to Moore Stephens  that it had not been re-engaged on December 29, 2008.

Moore Stephens audited Ever-Glory’s consolidated financial statements for the fiscal year ended December 31, 2007.  No reports on the financial statements prepared by Moore Stephens over the past year contained any adverse opinion or disclaimer of opinion, or was qualified or modified as to uncertainty, audit scope, or accounting principles.

During the Registrant’s most recent fiscal year ended December 31, 2007 and the subsequent interim periods, there were no disagreements between the Registrant and Moore Stephens concerning any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure which disagreements, if not resolved to Moore Stephens’ satisfaction would have caused them to make a reference to the subject matter of the disagreements in connection with their reports; there were no reportable events as described in Item 304(a)(1)(v) of Regulation S-K.

Ever-Glory provided Moore Stephens with a copy of the foregoing disclosures and requested from Moore Stephens a letter addressed to the Commission stating whether Moore Stephens agrees with the statements made by Ever-Glory in response to Item 304(a) of Regulation S-K and, if not, stating the respects in which it does not agree. Moore Stephens’ letter is attached as an exhibit to this report as Exhibit 16.1 on this Current Report on Form 8-K.

2


The Company also announced these events by press release on December 31, 2008, a copy of which is attached hereto as Exhibit 99.1.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(a) FINANCIAL STATEMENTS OF BUSINESS ACQUIRED.

Not applicable.

(b) PRO FORMA FINANCIAL INFORMATION.

Not applicable.

(c) SHELL COMPANY TRANSACTIONS

Not Applicable

(d) EXHIBITS.

Exhibit
Number
Description
   
16.1
Letter from Moore Stephens Wurth Frazer and Torbet, LLP dated December 31, 2008 addressed to the Securities and Exchange Commission.
 
99.1
 
Press Release dated December 31, 2008.

3

 
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.
 
     
 
EVER-GLORY INTERNATIONAL GROUP, INC.
     
Date: December 31, 2008
By:  
/s/ Edward Yihua Kang
 
Edward Yihua Kang
 
Chief Executive Officer
 
4

 
INDEX TO EXHIBITS

Exhibit
Number
Description
   
16.1
Letter from Moore Stephens, Josephs, Levine & Company, LLC, dated December 31, 2008 addressed to the Securities and Exchange Commission.
 
99.1
 
Press Release dated December 31, 2008.
 
EX-16.1 2 v136055_ex16-1.htm v136055_ex16-1 -- Converted by SECPublisher 2.1.1.8, created by BCL Technologies Inc., for SEC Filing

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Ever-Glory Announces Change in Auditors

Nanjing, China, December 31, 2008 – Ever-Glory International Group, Inc. (the “Company,” “Ever-Glory”) (NYSE Alternext US: EVK), a leading apparel supply chain manager and retailer in China, today announced that the Audit Committeewith the approval and authorization of its Board of Directors has selected GHP Horwath, P.C. (“GHP Horwath”) to serve as its independent auditor for the Company’s fisical year ending December 31, 2008, subject to GHP Horwath’s client acceptance procedures. GHP Horwath replaces the Company’s previous independent auditor, Moore Stephens Wurth Frazer and Torbet, LLP (“Moore Stephens”).

"Throughout its tenure, Moore Stephens has provided Ever-Glory with excellent, professional service," said Ms. Emily Guo, Ever-Glory’s Chief Financial Officer. “Moore Stephens provided us with a quality audit, with no disagreements on accounting principles or practice, financial statement disclosure or auditing scope or procedure. However, after completing a review, the Board of Directors has concluded that GHP Horwath will offer our shareholders the best combination of cost and quality. We look forward to working with the professionals at GHP Horwath.”

The change was recommended by Ever-Glory’s Audit Committee and approved by the Board of Directors.

About GHP Horwath, PC
GHP Horwath, P.C., a member of The GHP Financial Group, is one of Colorado’s leading independent certified public accounting and business advisory firms. The firm provides comprehensive services on a local, national, and global scale for companies in a range of industries, and for executives, professionals, and individuals worldwide. As a member of Horwath International, one of the largest global professional service organizations, the firm has access to more than 120 independent member firms operating from over 430 offices around the world.

About Ever-Glory International Group, Inc.
Based in Nanjing, China, Ever-Glory International Group, Inc. is a leading apparel supply chain manager and retailer in China. Ever-Glory is the first Chinese apparel company listed on the American Stock Exchange, and has a focus on middle-to-high grade casual wear, outerwear, and sportswear brands. The Company maintains global strategic partnerships in Europe, the United States, Japan and China, conducting business with several well-known brands and retail chain stores. In addition, Ever-Glory operates its own domestic chain of retail stores known as “LA GO GO.”
 
Safe Harbor Statement
 
Certain statements in this release and other written or oral statements made by or on behalf of the Company are “forward looking statements” within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward looking statements are subject to a number of risks and uncertainties including market acceptance of the Company’s services and projects and the Company’s continued access to capital and other risks and uncertainties. The actual results the Company achieves may differ materially from those contemplated by any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.
 
 
 

 
 
Contact Information

Company Contact
Ever-Glory International Group, Inc.
In the U.S.:
Angel Zhang
Tel: +1-646-385-5222

In Asia:
Yan Guo
Tel: +86-25-5209-6222

Investor Relations:
ICR, Inc.
In the U.S.:
Abbie Gellman
Tel: +1-203-682-8200

In Asia:
Bill Zima & Annie Chen
Tel: +86-10-8523-3087
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