SEC Comment Letter 0000000000-23-005633 to Hi-Great Group Holding Co (HIGR)
Hi-Great Group Holding Co
Date: May 26, 2023 · CIK: 0001807616 · Accession: 0000000000-23-005633
AI Filing Summary & Sentiment
File numbers found in text: 000-56200
Letter
United States securities and exchange commission logo May 26, 2023 Jun Ho Yang Chief Executive Officer Hi-Great Group Holding Company 621 South Virgil Avenue, #460 Los Angeles, CA 90005 Re:Hi-Great Group Holding Company Form 10-K for the fiscal year ended December 31, 2022 Filed April 17, 2023 File No. 000-56200 Dear Jun Ho Yang: We have limited our review of your filing to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 10-K filed April 17, 2023 Item 9 - Change In And Disagreements With Accountants On Accounting And Financial Disclosures, page 8 1.It appears you have changed auditors between your annual report for the period ended December 31, 2021 and December 31, 2022. Please file an Item 4.01 8-K providing the required disclosures outlined in Item 304 of Regulation S-K and amend your filing to furnish the information required by Item 304(b) of Regulation S-K within Item 9 of your annual report. Item 9A. Controls and Procedures, page 9 2.Please amend your filing to provide disclosures as of December 31, 2022, for your 1) evaluation of disclosure controls and procedures, 2) management's annual report on internal controls over financial reporting and 3) evaluation of changes in internal control over financial reporting.
FirstName LastNameJun Ho Yang Comapany NameHi-Great Group Holding Company May 26, 2023 Page 2 FirstName LastName Jun Ho Yang Hi-Great Group Holding Company May 26, 2023 Page 2
Report of independent registered public accounting firm, page F-2 3.Your auditor's report indicate that the balance sheet as of December 31, 2021 was audited by another auditor. Please clarify whether all of your financial statements for 2021 were audited by another auditor and amend your filing to include the other auditor's report as required by Rule 2-05 of Regulation S-X. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Peter McPhun at 202-551-3581 or Wilson Lee at 202-551-3468 with any questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction
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United States securities and exchange commission logo
May 26, 2023
Jun Ho Yang
Chief Executive Officer
Hi-Great Group Holding Company
621 South Virgil Avenue, #460
Los Angeles, CA 90005
Re:Hi-Great Group Holding Company
Form 10-K for the fiscal year ended December 31, 2022
Filed April 17, 2023
File No. 000-56200
Dear Jun Ho Yang:
We have limited our review of your filing to the financial statements and related
disclosures and have the following comments. In some of our comments, we may ask you to
provide us with information so we may better understand your disclosure.
Please respond to these comments within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comments apply to your facts and circumstances, please tell us why in your response.
After reviewing your response to these comments, we may have additional comments.
Form 10-K filed April 17, 2023
Item 9 - Change In And Disagreements With Accountants On Accounting And Financial
Disclosures, page 8
1.It appears you have changed auditors between your annual report for the period ended
December 31, 2021 and December 31, 2022. Please file an Item 4.01 8-K providing the
required disclosures outlined in Item 304 of Regulation S-K and amend your filing to
furnish the information required by Item 304(b) of Regulation S-K within Item 9 of your
annual report.
Item 9A. Controls and Procedures, page 9
2.Please amend your filing to provide disclosures as of December 31, 2022, for your 1)
evaluation of disclosure controls and procedures, 2) management's annual report on
internal controls over financial reporting and 3) evaluation of changes in internal control
over financial reporting.
FirstName LastNameJun Ho Yang
Comapany NameHi-Great Group Holding Company
May 26, 2023 Page 2
FirstName LastName
Jun Ho Yang
Hi-Great Group Holding Company
May 26, 2023
Page 2
Report of independent registered public accounting firm, page F-2
3.Your auditor's report indicate that the balance sheet as of December 31, 2021 was audited
by another auditor. Please clarify whether all of your financial statements for 2021 were
audited by another auditor and amend your filing to include the other auditor's report as
required by Rule 2-05 of Regulation S-X.
In closing, we remind you that the company and its management are responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or
absence of action by the staff.
You may contact Peter McPhun at 202-551-3581 or Wilson Lee at 202-551-3468 with
any questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction