Unassociated Document
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): April 15, 2010
CHINA
JO-JO DRUGSTORES, INC.
(Exact
name of registrant as specified in Charter)
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Nevada
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000-53353
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98-0557852
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(State
or other jurisdiction of
incorporation
or organization)
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(Commission
File No.)
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(IRS
Employer Identification No.)
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Room
507-513, 5th Floor, A Building, Meidu Plaza
Gongshu
District, Hangzhou, Zhejiang Province
People’s
Republic of China
(Address
of Principal Executive Offices)
+86
(571) 88077078
(Issuer Telephone
Number)
N/A
(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:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o 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
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Change
in Registrant’s Certifying
Accountant
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Effective
April 15, 2010, Madsen & Associates CPA’s, Inc. (“Madsen”) was dismissed as
the Registrant’s certifying independent accountant engaged specifically to audit
the financial statements of Kerrisdale Mining Corporation (“Kerrisdale”), the
Registrant’s predecessor corporate entity, for the fiscal years ended July 31,
2009 and 2008 of Kerrisdale.
The
report of Madsen on Kerrisdale’s financial statements as of and for the fiscal
years ended July 31, 2009 and 2008 did not contain an adverse opinion, or a
disclaimer of opinion, and was not qualified or modified as to uncertainty,
audit scope, or accounting principles, except for an explanatory paragraph
regarding the financial statements being prepared assuming that Kerrisdale would
continue as a going concern as of July 31, 2009.
During
Kerrisdale’s fiscal year ended July 31, 2009 through the dismissal date, there
were 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
Madsen to make reference to the subject matter of the disagreements in
connection with its report, nor were there any "reportable events" as such term
is described in Item 304(a)(1)(v) of Regulation S-K, promulgated under the
Securities Exchange Act of 1934, as amended.
As
reported in a current report on Form 8-K filed with the SEC on April 12, 2010,
Madsen was engaged for the specific purpose of auditing Kerrisdale’s financial
statements for its fiscal years ended July 31, 2009 and 2008, in connection with
the filing of an annual report on Form 10-K for Kerrisdale for the fiscal year
ended July 31, 2009, which report was filed pursuant to a comment from the Staff
of the SEC in connection with the Registrant’s registration statement on Form
S-1 (SEC File Number 333-163879). Frazer Frost LLP (the successor entity of
Moore Stephens Wurth Frazer and Torbet, LLP), who replaced Madsen as the
Registrant’s certifying independent accountant on November 11, 2009 subsequent
to the consummation of a share exchange transaction between the Registrant (then
known as Kerrisdale) and Renovation Investment (Hong Kong) Co., Ltd. on
September 24, 2009, shall remain as the Registrant’s certifying independent
accountant for the fiscal year ended March 31, 2010.
The
Registrant had requested Madsen to furnish it with a letter addressed to the SEC
(the “SEC Letter”) stating whether it agrees with the statements made above by
the Registrant. A copy of the SEC letter is attached as Exhibit 16.1 to this
Form 8-K.
The
dismissal of Madsen was approved by the audit committee of the Registrant's
board of directors.
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Item 9.01
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Financial
Statement and Exhibits.
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Exhibit
Number
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Description
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16.1
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Letter
from Madsen & Associates CPA’s, Inc. dated April 15,
2010.
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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 thereunto
duly authorized.
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Date: April
15, 2010
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China
Jo-Jo Drugstores, Inc.
(Registrant)
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By:
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/s/
Bennet P. Tchaikovsky
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Bennet
P. Tchaikovsky
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Chief
Financial Officer
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