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): February 19,
2008
CHINA
VALVES TECHNOLOGY, INC.
(Exact
name of registrant as specified in Charter)
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Nevada
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000-28481
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86-0891931
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(State
or other jurisdiction of
incorporation
or organization)
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(Commission
File No.)
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(IRS
Employee Identification No.)
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No.93
West Xinsong Road, Kaifeng City, Henan Province, P.R.C.
(Address
of Principal Executive Offices)
86-378-2925211
(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):
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o
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Written communications pursuant
to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
4.01 Changes in Registrant’s Certifying Accountant.
(1) Previous
Independent Auditors:
(i) On
February 19, 2008, Madsen & Associates CPAs, Inc. (“Madsen”) was dismissed
as independent auditor for the Company. On February 19, 2008, the
Company engaged Moore Stephens Wurth Frazer & Torbet, LLP (“Moore Stephens”)
as its principal independent accountant. This decision to engage
Moore Stephens was ratified by the majority approval of the Board of Directors
of the Company.
(ii)
Management of the Company has not had any disagreements with Madsen related to
any matter of accounting principles or practices, financial statement disclosure
or auditing scope or procedure. For the two most recent fiscal years
and any subsequent interim period through Madsen’s termination on February 19,
2008, there has been no disagreement between the Company and Madsen on any
matter of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure, which disagreement, if not resolved to the
satisfaction of Madsen would have caused it to make a reference to the subject
matter of the disagreement in connection with its reports.
(iii) The
Company’s Board of Directors participated in and approved the decision to change
independent accountants.
(iv) In
connection with its review of financial statements through February 19, 2008,
there have been no disagreements with Madsen 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 Madsen
would have caused them to make reference thereto in their report on the
financial statements.
(v)
During the most recent audit period and the interim period subsequent to
February 19, 2008 there have been no reportable events with the Company as set
forth in Item 304(a)(i)(v) of Regulation S-K.
(vi) The
Company requested that Madsen furnish it with a letter addressed to the SEC
stating whether or not it agrees with the above statements. A copy of
such letter is filed as an Exhibit to this Form 8-K.
(2)New
Independent Accountants:
(i) The
Company engaged Moore Stephens Wurth Frazer & Torbet, LLP (“Moore Stephens”)
as its new independent auditors as of February 19, 2008. Prior to
such date, the Company, did not consult with Moore Stephens regarding (i) the
application of accounting principles, (ii) the type of audit opinion that might
be rendered, or (iii) any other matter that was the subject of a disagreement
between the Company and its former auditor as described in Item 304(a)(1)(iv) of
Regulation S- B.
Item 9.01 Financial Statement and
Exhibits.
(a)
FINANCIAL STATEMENTS OF BUSINESS ACQUIRED.
None
(b)
PRO FORMA FINANCIAL INFORMATION.
None
(d)
EXHIBITS
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Exhibit
No.
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Description
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16.1
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Letter
from Madsen & Associates CPAs,
Inc.
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this Report on Form 8-K to be signed on its behalf by the
undersigned hereunto duly authorized.
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CHINA
VALVES HOLDING LIMITED, CO.
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Date: February
19, 2008
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By:
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/s/ Fang Si
Ping
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Fang
Si Ping
Director
and Chief Executive Officer
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