On December 16, 2016, YBCC, Inc. formerly International Packaging and Logistics Group, Inc. (the Registrant) dismissedTAAD, LLP (TAAD) as its independent registered public accounting firm. The decision was approved by the Registrants Board of Directors.
The reports of TAAD on Yibaoccyb Limited (Yibaoccyb), the Registrants accounting acquirer, financial statements filed on September 9, 2016 with the Registrants Form 8-K/A for the fiscal years ended December 31, 2015 and 2014 did not contain an adverse opinion or disclaimer of opinion and were not modified as to uncertainty, audit scope, or accounting principles, except the report did contain an explanatory paragraph related to the Yibaoccybs ability to continue as a going concern. During the Yibaoccybs fiscal year s ended December 31, 2015 and 2014, and the subsequent period through the date of this report, there were (i) no disagreements with TAAD 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 TAAD would have caused TAAD to make reference to the subject matter of the disagreements in connection with its report, and (ii) no reportable events as that term is defined in Item 304(a)(1)(v) of Regulation S-K.
The Registrant provided TAAD with a copy of the disclosures made in this Current Report on Form 8-K and requested that TAAD furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the Registrants statements herein and, if not, stating the respects in which it does not agree. A copy of the letter furnished by TAAD is attached as Exhibit 16.1 hereto.
On December 16, 2016, the Registrant engaged KCCW Accountancy Corp. (KCCW) as the Registrants new independent registered public accounting firm. The appointment of KCCW was approved by the Registrants Board of Directors.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
Effective December 22, 2016, the Registrant amended its Certificate of Incorporation (the Amendment). As a result of the Amendment, the Companys corporate name changed from International Packaging and Logistics Group, Inc. to YBCC, Inc. Effective December 22, 2016, the Registrants ticker symbol changed from IPLO to YBAO.
Item 9.01 Financial Statements and Exhibits
Certificate of Amendment to Certificate of Incorporation dated December 5, 2016. Effective date December 22, 2016.
Letter from TAAD, LLP dated December 22, 2016.
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.
Date: December 22, 2016
/s/ Xiuhua Song
Chief Executive Officer
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