Item 8.01Other Events.
Chun Can Capital Group (the "Company") will be relying on the Securities and
Exchange Commission's Order under Section 36 of the Securities Exchange Act of
1934 Granting Exemptions From Specified Provisions of the Exchange Act and
Certain Rules There under dated March 4, 2020 (Release No. 34-88318) (the
"Order") to delay the filing of its Quarterly Report on Form 10-Q for the period
ended March 31, 2020 (the "Report") due to the circumstances related to
COVID-19. In particular, COVID-19 has caused severe disruptions in
transportation and the displacement of the Company's personnel and third-party
service providers, resulting in limited support from its staff and professional
advisors. This has delayed the Company's ability to complete financial
statements and audit thereof, which, in turn, has delayed the Company's ability
to prepare the Report. Notwithstanding the foregoing, the Company expects to
file the Report no later than July 30, 2020 (which is 45 days from the Report's
original filing deadline of May 15, 2020). In light of the current COVID-19
pandemic, the Company will be including the following risk factor in its Report:
An occurrence of an uncontrollable event such as the COVID-19 pandemic may
negatively affect our operations.
The occurrence of an uncontrollable event such as the COVID-19 pandemic may
negatively affect our operations. A pandemic typically results in social
distancing, travel bans and quarantine, and this may limit access to our
facilities, customers, management, support staff and professional advisors.
These factors, in turn, may not only impact our operations, financial condition
and demand for our products, but our overall ability to react timely to mitigate
the impact of this event. Also, it may hamper our efforts to comply with our
filing obligations with the Securities and Exchange Commission.
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