<HTML>
<!-- Produced by EDGARsuite software, Advanced Computer Innovations, Inc., Copyright (C) 2008-2019 [PPXK5GW761L0VHPW5T9T]. www.edgarsuite.com -->
<HEAD>
</HEAD>
<BODY>
<DIV style=margin-left:72pt;width:468pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>UNITED STATES</B>&#160;</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>SECURITIES AND EXCHANGE COMMISSION</B>&#160;</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>Washington, D.C. 20549</B></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>FORM 8-K</B></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>CURRENT REPORT</B></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>Date of Report (Date of Earliest Event Reported): March 30, 2020</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><A name=FIS_UNIDENTIFIED_TABLE /><FONT style='border-bottom:1px solid #000000'><B>YUS INTERNATIONAL GROUP LTD</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>(Exact name of registrant as specified in its charter</B>)</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&#160;</P>
<TABLE align=center style=border-collapse:collapse;width:450pt;margin-left:4.5pt><TR><TD valign=top style=width:148.5pt;padding-left:3pt;padding-right:3pt><P align=center style='font:10pt Arial;margin:0'><FONT style='font:10pt Times New Roman'><B>Nevada</B></FONT></P>
</TD><TD valign=top style=width:126pt;padding-left:3pt;padding-right:3pt><P align=center style='font:10pt Arial;margin:0'><FONT style='font:10pt Times New Roman'><B>000-52020</B></FONT></P>
</TD><TD valign=top style=width:175.5pt;padding-left:3pt;padding-right:3pt><P align=center style='font:10pt Arial;margin:0'><FONT style='font:10pt Times New Roman'><B>900201309</B></FONT></P>
</TD></TR>
<TR><TD valign=top style=width:148.5pt;padding-left:3pt;padding-right:3pt><P align=center style='font:10pt Arial;margin:0'><FONT style='font:10pt Times New Roman'>(State or Other Jurisdiction</FONT><BR><FONT style='font:10pt Times New Roman'>of Incorporation)</FONT></P>
</TD><TD valign=top style=width:126pt;padding-left:3pt;padding-right:3pt><P align=center style='font:10pt Arial;margin:0'><FONT style='font:10pt Times New Roman'>(Commission File Number)</FONT></P>
</TD><TD valign=top style=width:175.5pt;padding-left:3pt;padding-right:3pt><P align=center style='font:10pt Arial;margin:0'><FONT style='font:10pt Times New Roman'>(I.R.S. Employer Identification Number)</FONT></P>
</TD></TR>
</TABLE>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>Room A, Block B, 21/F</B></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>Billion Centre, 1 Wang Kwong Road</B></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>Kowloon Bay, Kowloon, Hong Kong</B></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>(Address of principal executive offices, including zip code)</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>(852) 36986699</B></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>(Registrant&#8217;s telephone number, including area code)</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style='border-bottom:1px solid #000000'>Not applicable.</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>(Former name or former address, if changed since last report)</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>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:</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;color:#000000'>&#160;</P>
<TABLE align=center bgcolor=#FFFFFF style=border-collapse:collapse;width:1080pt><TR><TD valign=top bgcolor=#FFFFFF style=width:60.4pt;padding-left:3pt;padding-right:3pt><P align=justify style='font:10pt Calibri;margin:0'><FONT style='font:10pt Segoe UI Symbol'>&#9744;</FONT></P>
</TD><TD valign=top bgcolor=#FFFFFF style=width:1027.9pt;padding-left:3pt;padding-right:3pt><P align=justify style='font:10pt Calibri;margin:0'><FONT style='font:10pt Times New Roman'>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>
</TD></TR>
<TR><TD valign=top bgcolor=#FFFFFF style=padding-left:3pt;padding-right:3pt><P align=justify style='font:10pt Calibri;margin:0'><FONT style='font:10pt Times New Roman'>&#160;</FONT></P>
</TD><TD valign=top bgcolor=#FFFFFF style=padding-left:3pt;padding-right:3pt><P align=justify style='font:10pt Calibri;margin:0'><FONT style='font:10pt Times New Roman'>&#160;</FONT></P>
</TD></TR>
<TR><TD valign=top bgcolor=#FFFFFF style=padding-left:3pt;padding-right:3pt><P align=justify style='font:10pt Calibri;margin:0'><FONT style='font:10pt Segoe UI Symbol'>&#9744;</FONT></P>
</TD><TD valign=top bgcolor=#FFFFFF style=padding-left:3pt;padding-right:3pt><P align=justify style='font:10pt Calibri;margin:0'><FONT style='font:10pt Times New Roman'>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>
</TD></TR>
<TR><TD valign=top bgcolor=#FFFFFF style=padding-left:3pt;padding-right:3pt><P align=justify style='font:10pt Calibri;margin:0'><FONT style='font:10pt Times New Roman'>&#160;</FONT></P>
</TD><TD valign=top bgcolor=#FFFFFF style=padding-left:3pt;padding-right:3pt><P align=justify style='font:10pt Calibri;margin:0'><FONT style='font:10pt Times New Roman'>&#160;</FONT></P>
</TD></TR>
<TR><TD valign=top bgcolor=#FFFFFF style=padding-left:3pt;padding-right:3pt><P align=justify style='font:10pt Calibri;margin:0'><FONT style='font:10pt Segoe UI Symbol'>&#9744;</FONT></P>
</TD><TD valign=top bgcolor=#FFFFFF style=padding-left:3pt;padding-right:3pt><P align=justify style='font:10pt Calibri;margin:0'><FONT style='font:10pt Times New Roman'>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>
</TD></TR>
<TR><TD valign=top bgcolor=#FFFFFF style=padding-left:3pt;padding-right:3pt><P align=justify style='font:10pt Calibri;margin:0'><FONT style='font:10pt Times New Roman'>&#160;</FONT></P>
</TD><TD valign=top bgcolor=#FFFFFF style=padding-left:3pt;padding-right:3pt><P align=justify style='font:10pt Calibri;margin:0'><FONT style='font:10pt Times New Roman'>&#160;</FONT></P>
</TD></TR>
<TR><TD valign=top bgcolor=#FFFFFF style=padding-left:3pt;padding-right:3pt><P align=justify style='font:10pt Calibri;margin:0'><FONT style='font:10pt Segoe UI Symbol'>&#9744;</FONT></P>
</TD><TD valign=top bgcolor=#FFFFFF style=padding-left:3pt;padding-right:3pt><P align=justify style='font:10pt Calibri;margin:0'><FONT style='font:10pt Times New Roman'>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><B>&#160;</B></P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>Securities registered pursuant to Section 12(b) of the Act:</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><B>&#160;</B></P>
<TABLE align=center bgcolor=#FFFFFF style=border-collapse:collapse;width:477.05pt><TR><TD valign=bottom bgcolor=#FFFFFF style='width:90pt;padding-left:5.4pt;padding-right:5.4pt;border-bottom:1pt solid #000000'><P align=center style='font:10pt Calibri;margin:0'><FONT style='font:10pt Times New Roman'><B>Title of each class</B></FONT></P>
</TD><TD valign=bottom bgcolor=#FFFFFF style=width:13.45pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Calibri;margin:0'><FONT style='font:10pt Times New Roman'>&#160;</FONT></P>
</TD><TD valign=bottom bgcolor=#FFFFFF style='width:148.55pt;padding-left:5.4pt;padding-right:5.4pt;border-bottom:1pt solid #000000'><P align=center style='font:10pt Calibri;margin:0'><FONT style='font:10pt Times New Roman'><B>Trading Symbol(s)</B></FONT></P>
</TD><TD valign=bottom bgcolor=#FFFFFF style=width:13.5pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Calibri;margin:0'><FONT style='font:10pt Times New Roman'>&#160;</FONT></P>
</TD><TD valign=bottom bgcolor=#FFFFFF style='width:211.55pt;padding-left:5.4pt;padding-right:5.4pt;border-bottom:1pt solid #000000'><P align=center style='font:10pt Calibri;margin:0'><FONT style='font:10pt Times New Roman'><B>Name of each exchange on which registered</B></FONT></P>
</TD></TR>
<TR><TD valign=top bgcolor=#FFFFFF style=width:90pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Calibri;margin:0'><FONT style='font:10pt Times New Roman'>N/A</FONT></P>
</TD><TD valign=top bgcolor=#FFFFFF style=padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Calibri;margin:0'><FONT style='font:10pt Times New Roman'>&#160;</FONT></P>
</TD><TD valign=bottom bgcolor=#FFFFFF style=width:148.55pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Calibri;margin:0'><FONT style='font:10pt Times New Roman'>N/A</FONT></P>
</TD><TD valign=bottom bgcolor=#FFFFFF style=width:13.5pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Calibri;margin:0'><FONT style='font:10pt Times New Roman'>&#160;</FONT></P>
</TD><TD valign=bottom bgcolor=#FFFFFF style=width:211.55pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Calibri;margin:0'><FONT style='font:10pt Times New Roman'>N/A</FONT></P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><B>&#160;</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;color:#000000'>&#160;</P>
<P align=right style='font:10pt Segoe UI Emoji;margin:0;color:#000000'><FONT style='font-family:Times New Roman'>Emerging growth company &#9745;</FONT></P>
<HR style='page-break-after:always;border:0;height:3.75pt;background-color:#919191;margin:15pt 0'><P style=line-height:0;margin:0></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.<FONT style='font-family:Segoe UI Symbol'> &#9744;</FONT></P>
<TABLE align=center style=border-collapse:collapse;width:1080pt><TR><TD valign=middle style=width:1080pt><P align=center style='font:12pt Times New Roman;margin:0'>&#160;</P>
</TD></TR>
</TABLE>
<P align=justify style='font:10pt Times New Roman;margin:0'><A name=eolPage2 /><A name=FIS_SECTION_1_BUSINESS_AND_OPERATIONS /><A name=FIS_ENTRY_MATERIAL_AGREEMENT /><B>Item 8.01 Other Events.</B>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>Yus International Group Ltd (the &#8220;Company&#8221;) is filing this Current Report on Form 8-K as a condition to seeking relief provided by the Securities and Exchange Commission Order under Section 36 of the Securities and Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), granting exemptions from specified provisions of the Exchange Act, as set forth in SEC Release No. 34-88318 (the &#8220;Order&#8221;). By filing this Current Report on Form 8-K, the Company is relying on the Order to receive an additional 45 days to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2019 (the &#8220;10-K&#8221;). The 10-K would have been due on March 30, 2020. With this extension the Company expects to file the 10-K on or before May 14, 2020.</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>As a result of the COVID-19 outbreak and the chain reactions it has caused throughout the world, the Company has been adversely affected due to its location and inability to work as normal. &nbsp;This has affected the efficiency of the Company&#8217;s annual audit and the overall timeline of the Company&#8217;s preparation of the 10-K to be filed with the SEC.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>The Company has attempted to take measures to overcome the adverse impact derived from the COVID-19 outbreak related to the annual audit and filing of the 10-K. To the best of the Company&#8217;s knowledge, despite the challenge of the slow recovery to normal operations under various restrictions, the Company believes that it will be able to complete the annual audit and file the 10-K within the additional 45 days granted by the Order on or before May 14, 2020.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>The Company supplements the following risk factor due to the uncertainty of the COVID-19 outbreak:</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'><B>We are susceptible to general economic conditions, natural catastrophic events and public health crises, and a potential downturn in advertising and marketing spending by advertisers could adversely affect our operating results in the near future.</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'><B>&#160;</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>Our business is subject to the impact of natural catastrophic events, such as earthquakes, or floods, public health crisis, such as disease outbreaks, epidemics, or pandemics, and all these could result in a decrease or sharp downturn of economies, including our markets and business locations in the current and future periods. The outbreak of the coronavirus&#160;(COVID-19) resulted in increased travel restrictions, and shutdown of businesses, which may cause slower recovery of the economy.&#160;We may experience impact from quarantines, market downturns and changes in customer behavior related to pandemic fears and impact on our workforce if the virus continues to spread. In addition, one or more of our customers, partners, service providers or suppliers may experience financial distress, delayed or defaults on payment, file for bankruptcy protection, sharp diminishing of business, or suffer disruptions in their business due to the outbreak. The extent to which the coronavirus impacts our results will depend on future developments and reactions throughout the world, which are highly uncertain and will include emerging information concerning the severity of the coronavirus and the actions taken by governments and private businesses to attempt to contain the coronavirus. It is likely to result in a potential material adverse impact on our business, results of operations and financial condition. Wider-spread COVID-19 globally could prolong the deterioration in economic conditions and could cause decreases in or delays in advertising spending and reduce and/or negatively impact our short-term ability to grow our revenues. Any decreased collectability of accounts receivable, bankruptcy of small and medium businesses, or early termination of agreements due to deterioration in economic conditions could negatively impact our results of operations</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><I>&#160;</I></P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><I>Forward-Looking Statements</I></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>Certain of the statements contained in this report should be considered forward-looking statements within the meaning of Section&#160;27A of the Securities Act of 1933, and Section&#160;21E of the Securities Exchange Act of 1934, which can be identified by the use of forward-looking terminology such as &quot;believes,&quot; &quot;expects,&quot; &quot;anticipates,&quot; &quot;estimates&quot; or similar expressions. These statements relate to future events or the Company&#8217;s future financial performance. These forward-looking statements are based on the Company&#8217;s current expectations and beliefs </P>
<HR style='page-break-after:always;border:0;height:3.75pt;background-color:#919191;margin:15pt 0'><P style=line-height:0;margin:0></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>concerning future developments of the COVID-19 outbreak and their potential effects on the Company. There can be no assurance that future developments of the COVID-19 outbreak affecting the Company will be those anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;&#160;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><A name=FIS_SIGNATURES /><B>SIGNATURES</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt'>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.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:36pt;margin-left:252pt'><B>YUS INTERNATIONAL GROUP LTD</B></P>
<P style='font:10pt Times New Roman;margin:0'>March 30, 2020</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:36pt;margin-left:252pt'><FONT style='border-bottom:1px solid #000000'><I>/s/ Ho Kam Hang &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT></P>
<P style='font:10pt Times New Roman;margin:0;text-indent:36pt;margin-left:252pt'>By: Ho Kam Hang</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:36pt;margin-left:252pt'>Its: Chief Executive Officer</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:36pt'>&#160;</P>
</DIV>
</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "yusg_8k.htm", "description": ".8-K", "secsgml_size_bytes": 20438}]
{"company-data": {"conformed-name": "YUS INTERNATIONAL GROUP Ltd", "cik": "0001306035", "assigned-sic": "5990", "irs-number": "331013808", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-52020", "film-number": "20761225"}, "business-address": {"street1": "ROOM A, BLOCK B, 21/F", "street2": "BILLION CENTRE, 1 WANG KWONG ROAD", "city": "KOWLOON BAY", "state": "K3", "zip": "00000", "phone": "852-2889-0183"}, "mail-address": {"street1": "ROOM A, BLOCK B, 21/F", "street2": "BILLION CENTRE, 1 WANG KWONG ROAD", "city": "KOWLOON BAY", "state": "K3", "zip": "00000"}, "former-company": [{"former-conformed-name": "Asian Trends Media Holdings, Inc", "date-changed": "20090202"}, {"former-conformed-name": "Clifford China Estates Inc", "date-changed": "20080225"}, {"former-conformed-name": "Elite Artz, Inc", "date-changed": "20041015"}]}
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): March 30, 2020
YUS INTERNATIONAL GROUP LTD
(Exact name of registrant as specified in its charter
)
Nevada
000-52020
900201309
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(I.R.S. Employer Identification Number)
Room A, Block B, 21/F
Billion Centre, 1 Wang Kwong Road
Kowloon Bay, Kowloon, Hong Kong
(Address of principal executive offices, including zip code)
(852) 36986699
(Registrant's telephone number, including area code)
Not applicable.
(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))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
N/A
N/A
N/A
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☑
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Item 8.01 Other Events.
Yus International Group Ltd (the "Company") is filing this Current Report on Form 8-K as a condition to seeking relief provided by the Securities and Exchange Commission Order under Section 36 of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), granting exemptions from specified provisions of the Exchange Act, as set forth in SEC Release No. 34-88318 (the "Order"). By filing this Current Report on Form 8-K, the Company is relying on the Order to receive an additional 45 days to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2019 (the "10-K"). The 10-K would have been due on March 30, 2020. With this extension the Company expects to file the 10-K on or before May 14, 2020.
As a result of the COVID-19 outbreak and the chain reactions it has caused throughout the world, the Company has been adversely affected due to its location and inability to work as normal.  This has affected the efficiency of the Company's annual audit and the overall timeline of the Company's preparation of the 10-K to be filed with the SEC.
The Company has attempted to take measures to overcome the adverse impact derived from the COVID-19 outbreak related to the annual audit and filing of the 10-K. To the best of the Company's knowledge, despite the challenge of the slow recovery to normal operations under various restrictions, the Company believes that it will be able to complete the annual audit and file the 10-K within the additional 45 days granted by the Order on or before May 14, 2020.
The Company supplements the following risk factor due to the uncertainty of the COVID-19 outbreak:
We are susceptible to general economic conditions, natural catastrophic events and public health crises, and a potential downturn in advertising and marketing spending by advertisers could adversely affect our operating results in the near future.
Our business is subject to the impact of natural catastrophic events, such as earthquakes, or floods, public health crisis, such as disease outbreaks, epidemics, or pandemics, and all these could result in a decrease or sharp downturn of economies, including our markets and business locations in the current and future periods. The outbreak of the coronavirus (COVID-19) resulted in increased travel restrictions, and shutdown of businesses, which may cause slower recovery of the economy. We may experience impact from quarantines, market downturns and changes in customer behavior related to pandemic fears and impact on our workforce if the virus continues to spread. In addition, one or more of our customers, partners, service providers or suppliers may experience financial distress, delayed or defaults on payment, file for bankruptcy protection, sharp diminishing of business, or suffer disruptions in their business due to the outbreak. The extent to which the coronavirus impacts our results will depend on future developments and reactions throughout the world, which are highly uncertain and will include emerging information concerning the severity of the coronavirus and the actions taken by governments and private businesses to attempt to contain the coronavirus. It is likely to result in a potential material adverse impact on our business, results of operations and financial condition. Wider-spread COVID-19 globally could prolong the deterioration in economic conditions and could cause decreases in or delays in advertising spending and reduce and/or negatively impact our short-term ability to grow our revenues. Any decreased collectability of accounts receivable, bankruptcy of small and medium businesses, or early termination of agreements due to deterioration in economic conditions could negatively impact our results of operations
Forward-Looking Statements
Certain of the statements contained in this report should be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, which can be identified by the use of forward-looking terminology such as "believes," "expects," "anticipates," "estimates" or similar expressions. These statements relate to future events or the Company's future financial performance. These forward-looking statements are based on the Company's current expectations and beliefs
concerning future developments of the COVID-19 outbreak and their potential effects on the Company. There can be no assurance that future developments of the COVID-19 outbreak affecting the Company will be those anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
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.
YUS INTERNATIONAL GROUP LTD
March 30, 2020
/s/ Ho Kam Hang
By: Ho Kam Hang
Its: Chief Executive Officer