Business Context and Reporting Period
This Form 8-K is a current report filed by Code Chain Continent Limited (trading as TMSR Holding Company Limited, ticker: CCNC) on May 22, 2020. The filing addresses Item 9.01 regarding financial statements and exhibits related to the acquisition of Sichuan Wuge Network Games Co., Ltd.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. Instead, it serves as a cover document referencing audited financial statements of the acquired entity (Sichuan Wuge Network Games Co., Ltd.) for fiscal years ended December 31, 2019 and 2018, and pro forma condensed combined financial statements, which are attached as Exhibits 99.1 and 99.2.
Material Changes
The material change disclosed is the completion of the acquisition of Sichuan Wuge Network Games Co., Ltd., which was previously disclosed in Form 8-K filings dated January 3, 2020, and January 29, 2020. This filing fulfills the obligation to submit the financial statements of the acquired business.
Guidance, Outlook, and Risks
The filing text does not contain management commentary, forward-looking guidance, specific risk factors, or details on contingencies beyond the procedural disclosure of the acquisition's financial documentation.
Investor Verification Checklist
- Verify the audited financial statements of Sichuan Wuge Network Games Co., Ltd. in Exhibit 99.1.
- Review the Pro Forma Condensed Combined Financial Statements in Exhibit 99.2 to understand the combined financial position post-acquisition.
- Confirm the integration status of the acquired entity with prior 8-K filings from January 2020.
- Note that the company is registered on the Nasdaq Capital Market under the symbol CCNC.