Item 4.01. Changes in Registrant's Certifying Accountants

On May 11, 2021, we appointed MSPC Certified Public Accountants and Advisors, P.C. ("MSPC") to replace our principal independent accountant, Moore Stephens CPA Limited ("MS"). The decision was approved by the Board of Directors of TGS International Ltd. (the "Company").

There were no disagreements between the Company and MS on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, from the time of MS's engagement up to the date of dismissal which disagreements that, if not resolved to MS's satisfaction, would have caused MS to make reference to the subject matter of the disagreement in connection with its report issued in connection with the audit of the Company's financial statements.

None of the reportable events described under Item 304(a)(1)(v)(A)-(D) of Regulation S-K occurred within the three fiscal years of the Company ended December 31, 2020, 2019 and 2018 and subsequently up to the date of dismissal.

The audit report of MS on the financial statements of the Company as of December 31, 2020, 2019 and 2018 did not contain any adverse opinion or disclaimer of opinion, and such audit report was not qualified or modified as to uncertainty, audit scope or accounting principles, except for MS's explanatory paragraph regarding the Company's ability to continue as a going concern. A letter from MS addressed to the Securities and Exchange Commission stating that it concurs with the statements made by the Company with respect to MS in this Current Report on Form 8-K. A copy of such letter is furnished hereto with the filing of this Current Report on Form 8-K.

During the fiscal year of the Company ended December 31, 2020, 2019 and 2018 and through May 11, 2021, the Company did not consult MSPC regarding either: (i) the application of accounting principles to a specified transaction (either completed or proposed), or the type of audit opinion that might be rendered on the Company's financial statements; or (ii) any matter that was either the subject of a "disagreement" or "reportable event" within the meaning set forth in Regulation S-K, Item 304 (a)(1)(iv) or (a)(1)(v).

Item 9.01 Financial Statements and Exhibits





Exhibit
Number     Description

  16.1       Letter from Moore Stephens CPA Limited





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