Yinfu Gold Corp.

Yinfu dismissed JLKZ, which had gone four straight fiscal years (2019-2022) without issuing any audit report, and engaged Pan-China Singapore PAC.

auditor change

Yinfu dismissed Anthony Kam & Associates after the PCAOB revoked that firm's registration entirely, engaging WWC, P.C. of California instead; again, no audit reports had been issued for fiscal 2016-2017.

auditor change

Yinfu dismissed MaloneBailey, auditor since 2012, and engaged Anthony Kam & Associates of Hong Kong; the filing discloses that had MaloneBailey issued any reports for fiscal 2011-2012, they would have included going-concern doubt -- meaning years passed without a completed audit.

auditor change

Yinfu terminated the Eternal Fairy/YouDai deal, cancelling and returning to treasury all 1.2 billion escrowed shares -- the second consecutive multi-hundred-million-dollar "acquisition" it announced and then abandoned.

material agreement termination

Yinfu replaced the e-commerce deal with an even larger one: agreeing to acquire 100% of Eternal Fairy International, owner of Chinese peer-to-peer lending platform Dongguan YouDai, for 1.2 billion newly issued shares valued at a stated US$600 million -- many times the company's actual size.

material agreement

Yinfu pivoted away from mining, agreeing to acquire 100% of China Enterprise Overseas Investment & Finance Group -- owner of the Dahua online shopping platform -- for 800 million newly issued shares valued at a stated US$48 million.

material agreement

Yinfu Gold Corp. suspended its duty to file periodic reports with the SEC.

listing compliance notice

Yinfu abandoned three of the deals it had announced in 2012: the Kalimantan coal mine (the seller never completed due diligence), the Chongqing jewelry stake (Yinfu's own due diligence failed), and the Abbots Brook, Newfoundland gold claim (forfeiting the $25,000 cash and 5 million shares already paid without ever taking the claim).

material agreement

Yinfu unwound its founding 2010 reverse merger entirely: a Deed of Termination cancelled the Joyous Fame acquisition and voided the 70.5 million shares issued for it, after former President Wilson Huang Dong-sheng (also Joyous Fame's managing director) admitted the Penglai mine could never be profitable under China's tightened mine-safety rules -- a problem the filing itself states was never disclosed to shareholders or regulators until this termination, roughly two years after the original deal.

material agreement

Yinfu's management determined the Rongcheng gold mine -- one of the original three Shandong mines -- was worth far less than the agreed price; the seller then terminated the deal and returned the escrowed shares. The company also disclosed the Penglai mine's operations had been suspended pending compliance with tightened local safety regulations, with resumption expected February 9, 2011.

material agreement termination

Now renamed Yinfu Gold Corporation, the company signed MOUs to pursue two more Chinese gold properties -- Maoling in Liaoning Province (previously explored by Mundoro Mining, claiming 4.8 million ounces measured/indicated plus 4.4 million inferred) and Zhaishang in Gansu Province (claiming roughly 108 tonnes of gold under Chinese reporting standards) -- and extended the Guangdong mine deal's closing to November 30, 2010.

material agreement

The reverse merger closed: Joyous Fame's former shareholders received 76.5 million shares (87.78% of the company), Wilson Huang Dong-sheng became Chairman, and the company began the process of renaming itself Yinfu Gold and pursuing a planned Nasdaq listing.

business combination

Wyoming shell Element92 Resources Corp. agreed to acquire two producing gold mines and one gold deposit in Shandong Province, China from Tam Kam Ming and Gold Vanguard Limited (owners of Joyous Fame International) for 90 million newly issued restricted shares.

material agreement