UNITED STATES

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): March 1, 2021

TAKUNG ART CO., LTD

(Exact name of registrant as specified in its charter)

Room 1105 Wing On Plaza, 62 Mody Road, Tsim Sha Tsui, Kowloon, Hong Kong

(Address of Principal Executive Offices)

Registrant’s telephone number: +852 3158 0977

________________________________________________

(Former name or former address, if changed since last report)

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):

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

On March 1, 2021, WWC, P.C. (“WWC”) was appointed as the new independent registered public accounting firm for Takung Art Co., Ltd. (the “Company”). The decision to appoint WWC was approved by the Audit Committee of the Company’s Board of Directors. Prior to engaging WWC on March 1, 2021, the Company has not consulted WWC regarding the application of accounting principles to a specified transaction, completed or proposed, the type of audit opinion that might be rendered on our financial statements or a reportable event, nor did the Company consult with WWC regarding any disagreements with the Company’s prior auditor on any matter of accounting principles or practices, financial statement disclosure, or auditing scope of procedure, which disagreements, if not resolved to the satisfaction of the prior auditor, would have caused it to make a reference to the subject matter of the disagreements in connection with its reports.

Simultaneously with the appointment of WWC, on March 1, 2021, Marcum Bernstein & Pinchuk LLP (“Marcum BP”) was terminated as the independent registered public accounting firm for the Company. The decision to change audit firms from Marcum BP to WWC was approved by the Audit Committee of the Company’s Board of Directors.

The report of Marcum BP on the financial statements of the Company as of and for the years ended December 31, 2019, and December 31, 2018 did not contain any adverse opinion or disclaimer of opinion, and was not qualified or modified as to uncertainty, audit scope, or accounting principle.

During the Company’s years ended December 31, 2019 and December 31, 2018, and through March 1, 2021, there were no disagreements with Marcum BP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to Marcum BP’s satisfaction, would have caused Marcum BP to make reference to the subject matter of the disagreement in its reports on the Company’s financial statements.

During the Company’s years ended December 31, 2019 and December 31, 2018, and through March 1, 2021, there were no reportable events of the type described in Item 304(a)(1)(v) of Regulation S-K.

The Company provided Marcum BP with a copy of this Current Report on Form 8-K prior to its filing with the SEC and requested that Marcum BP furnish a letter addressed to the SEC stating whether it agrees with the statements made above. Attached as Exhibit 16 hereto is a copy of Marcum BP’s letter to the SEC, dated March 5, 2021.

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.

 

	Takung Art Co., Ltd
Date: March 5, 2021
	/s/ Zhihua Yang
	Name: Zhihua Yang
	Title: Chief Executive Officer