Since CVB was replaced by AB for purposes of PCAOB registration, each of CVB's SEC issuer clients was required to file a Form 8-K under item 4.01 to reflect a Change in Registrant's Certifying Accountant. AB was established as the successor firm to CVB to continue performing audits for SEC reporting companies. As AB is viewed as a separate legal entity, Longwei was required to dismiss CVB and engage AB as its principal accountant for the Company's fiscal year ended June 30, 2012. The Company filed a Form 8-K on August 3, 2012 to reflect this change. The audit team at AB remains the same from the predecessor firm, CVB."We are pleased that our fieldwork and audit are led by the same team as previously with CVB," stated Mr. Cai Yongjun, Chairman and CEO of Longwei. "We look forward to releasing our audited financial statements on Form 10-K for fiscal year 2012 and announcing the successful completion to this past fiscal year. We remain committed to improving our level of transparency with our shareholders and look forward to upcoming events to grow the Company in fiscal 2013."
Longwei Petroleum Plans To Release Record Revenues And Net Income For FYE June 30, 2012
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