Item 8.01 Other Events.
Due to the outbreak of coronavirus disease 2019 (COVID-19), American Education
Center, Inc. (the "Company") is filing this current report on Form 8-K to avail
itself of an extension to file its Quarterly Report on Form 10-Q for the period
ended March 31, 2020 (the "Quarterly Report"), originally due on May 15, 2020,
relying on an order issued by the Securities and Exchange Commission (the "SEC")
on March 25, 2020 pursuant to Section 36 of the Securities Exchange Act of 1934,
as amended (Release No. 34-88318) regarding exemptions granted to certain public
companies.
In December 2019, a novel strain of coronavirus was reported to have surfaced in
Wuhan, China, which has and is continuing to spread throughout China and other
parts of the world, including the United States. On January 30, 2020, the World
Health Organization declared the outbreak of the coronavirus disease (COVID-19)
a "Public Health Emergency of International Concern," and on March 11, 2020, the
World Health Organization characterized the outbreak as a "pandemic". Guangdong
Province, where we conduct a substantial part of our business, is one of the
most affected areas in China. The PRC government mandatory closure of businesses
and banks prohibited Company personnel from obtaining the Company seal to gain
access to the Company's bank account, which cannot be conducted remotely. Since
late January 2020, the Company's employees were asked to work remotely and had
very restricted access to the office building. As a result, the Company's books
and records were not easily accessible, resulting in delay in preparation and
completion of its financial statements. Additionally, transportation restriction
and closure of businesses were enforced until May 2020, and the Company did not
return to pre-COVID-19 work and business schedule until mid-May 2020, which
caused delay for the auditors to complete their review process in order to
prepare their audit report. A letter from the auditors stating the reasons of
their inability to timely prepare the audit report for the Company for the
period ended March 31, 2020 is filed herewith as Exhibit 99.1.
Based on the foregoing, the Company expects to file the Quarterly Report on Form
10-Q no later than June 29, 2020.
Item 9.01 Financial Statements and Exhibits.
Exhibit
Number Exhibit
99.1 Letter from Auditors regarding Reasons of the Inability to Timely Issue
the Audit Report© Edgar Online, source Glimpses
AMERICAN EDUCATION CENTER, INC. 
