8-K 1 chinadig8k010605.txt 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): January 1, 2005 CHINA DIGITAL WIRELESS, INC. (Exact name of registrant as specified in its charter) Nevada (State of incorporation) 000-12536 90-0093373 (Commission File Number) (I.R.S. Employer Identification Number) 429 Guangdong Road Shanghai, People's Republic of China 200001 (Address of principal executive offices) (Zip Code) (86-21) 6336-8686 (Registrant's telephone number, including area code) (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: [_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Section 4 - Matters Related to Accountants and Financial Statements Item 4.01 - Changes in Registrant's Certifying Accountant On January 4, 2005, the Board of Directors of China Digital Wireless, Inc. (the "Company") approved resolutions not to engage the Company's current auditor, BDO Shanghai Zhonghua Certified Public Accountants, as its independent registered public accounting firm for purposes of auditing the Company's financial statements for the fiscal year ended December 31, 2004 or to review its unaudited quarterly information for fiscal 2005, which resolutions were deemed effective January 6, 2005. No accountant's report on the financial statements for either of the past two (2) years contained an adverse opinion or a disclaimer of opinion or was qualified or modified as to uncertainty, audit scope or accounting principles. During the Company's fiscal year ended December 31, 2003, for which audit services were provided, the nine months ended September 30, 2004, for which review services were provided, and through January 6, 2005 there were no disagreements with the Company's independent registered accounting firm on any matter of accounting principles or practices, financial disclosure, or auditing scope or procedure. There were no reportable events, as described in Item 304(a)(1)(iv)(B) of Regulation S-B, during the afore referenced periods. Effective January 6, 2005, the Company appointed Grobstein, Horwath & Company LLP as its independent registered public accounting firm. Section 5 - Corporate Governance and Management Item 5.02 - Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers Lu Qin resigned as Chief Financial Officer ("CFO") of the Company effective January 1, 2005. Also effective January 1, 2005, Qian Fang was appointed as CFO of the Company. Ms. Fang has served as Manager of Accounting of the Company since 1999. Ms. Fang graduated from China Cable-TV University with a Bachelor's Degree in Accounting and is a Certificed Public Accountant. Neither Ms. Fang nor any affiliate of Ms. Fang has any relationship, contractual or otherwise, with the Company. Ms. Fang has no family relationships with any of the Company's officers or directors. Section 9 - Financial Statements and Exhibits Item 9.01 - Financial Statements and Exhibits (c) Exhibits Exhibit No. Description ----------- ----------- 16.1 Letter regarding change in certifying accountant. 2 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 hereunto duly authorized. CHINA DIGITAL WIRELESS, INC. By: /s/ Tai Caihua ------------------------- Tai Caihua President Date: January 11, 2005 3