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<DIV style=margin-left:72pt;width:468pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>UNITED STATES</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>SECURITIES AND EXCHANGE COMMISSION</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>Washington, D.C. 20549</B></FONT></P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>FORM 8-K</B></FONT></P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>CURRENT REPORT</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934</B></FONT></P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Date of Report (Date of earliest event reported): March 31, 2020</FONT></P>
<P style='font:12pt Times New Roman;margin:0'><A name=FIS_UNIDENTIFIED_TABLE />&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD valign=middle style=width:87%><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD></TR>
<TR><TD valign=top style='width:87%;border-bottom:1.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>New Century Resources Corporation</B></P>
</TD></TR>
<TR><TD valign=top style=width:87%><P align=center style='font:10pt Times New Roman;margin:0'>(Exact name of registrant as specified in its charter)</P>
</TD></TR>
</TABLE>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD valign=middle style=width:33%><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=middle style=width:1%><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=middle style=width:33%><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=middle style=width:1%><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=middle style=width:33%><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD></TR>
<TR><TD valign=top style='width:33%;border-bottom:1.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>Nevada</B></P>
</TD><TD valign=top style=width:1%><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top style='width:33%;border-bottom:1.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>000-29243</B></P>
</TD><TD valign=top style=width:1%><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top style='width:33%;border-bottom:1.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>98-0361773</B></P>
</TD></TR>
<TR><TD valign=top style=width:33%><P align=center style='font:10pt Times New Roman;margin:0'>(state or other jurisdiction of incorporation)</P>
</TD><TD valign=top style=width:1%><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top style=width:33%><P align=center style='font:10pt Times New Roman;margin:0'>(Commission File Number)</P>
</TD><TD valign=top style=width:1%><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top style=width:33%><P align=center style='font:10pt Times New Roman;margin:0'>(IRS Employer Identification Number)</P>
</TD></TR>
</TABLE>
<P style='font:12pt Times New Roman;margin:0'><BR>&#160;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD valign=top style=width:62%><P align=center style='font:10pt Times New Roman;margin:0'>10 Dionysiou Solomou Street</P>
</TD></TR>
<TR><TD valign=top style=width:62%><P align=center style='font:10pt Times New Roman;margin:0'>Leona Building, Suite 501</P>
</TD></TR>
<TR><TD valign=top style='width:62%;border-bottom:1.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>2406 Engomi</P>
<P align=center style='font:10pt Times New Roman;margin:0'>Nicosia Cyprus</P>
<P align=center style='font:10pt Times New Roman;margin:0'>P.O. Box 25631</P>
<P align=center style='font:10pt Times New Roman;margin:0'>Nicosia</P>
</TD></TR>
</TABLE>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>(address of principal executive offices)</FONT></P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD valign=middle style=width:87%><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD></TR>
<TR><TD valign=top style='width:87%;border-bottom:1.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>357-2281-6626</B></P>
</TD></TR>
<TR><TD valign=top style=width:87%><P align=center style='font:10pt Times New Roman;margin:0'>(registrant&#8217;s telephone number, including area code)</P>
</TD></TR>
</TABLE>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD valign=middle style=width:87%><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD></TR>
<TR><TD valign=top style='width:87%;border-bottom:1.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>Not Applicable</B></P>
</TD></TR>
<TR><TD valign=top style='width:87%;border-bottom:1.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>(former name or former address, if changed since last report)</P>
</TD></TR>
</TABLE>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>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 (see General Instruction A.2. below):</FONT></P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD valign=top style=width:6%><P style='font:10pt Times New Roman;margin:0'>[ &#160;&#160;]</P>
</TD><TD valign=top style=width:84%><P style='font:10pt Times New Roman;margin:0'>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
</TD></TR>
<TR><TD valign=top style=width:6%><P style='font:10pt Times New Roman;margin:0'>[ &#160;&#160;]</P>
</TD><TD valign=top style=width:84%><P style='font:10pt Times New Roman;margin:0'>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
</TD></TR>
<TR><TD valign=top style=width:6%><P style='font:10pt Times New Roman;margin:0'>[ &#160;&#160;]</P>
</TD><TD valign=top style=width:84%><P style='font:10pt Times New Roman;margin:0'>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
</TD></TR>
<TR><TD valign=top style=width:6%><P style='font:10pt Times New Roman;margin:0'>[ &#160;&#160;]</P>
</TD><TD valign=top style=width:84%><P style='font:10pt Times New Roman;margin:0'>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
</TD></TR>
</TABLE>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P 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 (17 CFR &#167;230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR &#167;240.12b-2).</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>Emerging growth company&#160;<FONT style='font-family:Segoe UI Symbol'>&#9744;</FONT></P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</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 style='font:10pt Calibri;margin:0;color:#000000'><FONT style='font-family:Times New Roman'>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.&#160;</FONT><FONT style='font-family:Segoe UI Symbol'>&#9744;</FONT></P>
<P align=center style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=right style='font:8pt Times New Roman;margin:0'><FONT style=font-size:8pt>&#160;</FONT></P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>ITEM 8.01. Other Events.</B></FONT></P>
<P style='font:10pt Times New Roman;margin:0;color:#333333'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#333333'>Due to the outbreak of coronavirus disease 2019 (COVID-19), New Asia Holdings, Inc. (the &#8220;Company&#8221;) is filing this Current Report on Form 8-K to avail itself of an extension to file its Annual Report on Form 10-K for the period ended December 31, 2019 (the &#8220;Annual Report&#8221;), originally due on March 30, 2020, relying on an order issued by the Securities and Exchange Commission (the &#8220;SEC&#8221;) on March 25, 2020 pursuant to Section 36 of the Securities Exchange Act of 1934, as amended (Release No. 34-88465) (the &#8220;Order&#8221;) regarding exemptions granted to certain public companies.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#333333'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#333333'>The Company&#8217;s operations and business have experienced disruption due to the unprecedented conditions surrounding the COVID-19 pandemic spreading throughout the United States and the world and thus the Company&#8217;s business operations have been disrupted and it is unable to timely review and prepare the Company&#8217;s financial statements for the 2019 fiscal year.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#333333'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=color:#333333>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 COVID-19 coronavirus disease a &#8220;Public Health Emergency of International Concern,&#8221; and on March 11, 2020, the World Health Organization characterized the outbreak as a &#8220;pandemic&#8221;. Our operations are located in Singapore and Irvine, California, members of our senior management work in Singapore and Irvine, and the Company&#8217;s&#160;</FONT>independent auditor is located in Houston, Texas, with the principal office conducting the Company&#8217;s audit located in Beijing, China<FONT style=color:#333333>.&#160;</FONT>The Company has been following the recommendations of local health authorities to minimize exposure risk for its employees for the past several weeks, including the temporary closures of its offices and having employees work remotely to the extent possible<FONT style=color:#333333>, which has to an extent adversely affected their efficiency. As a result, the Company&#8217;s books and records were not easily accessible, resulting in delays in preparation and completion of its financial statements. Further, the various governmental mandatory closures of businesses in these locations have precluded the Company&#8217;s personnel, particularly its senior accounting staff, from obtaining access to its subsidiaries&#8217; books and records necessary to prepare the Company&#8217;s financial statements that, once audited, comprise the essence of the Annual Report.</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#333333'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#333333'>As such, the Company will be relying upon the 45-day grace period provided by the SEC&#8217;s Order to delay filing of its Annual Report. The Company will file its Annual Report no later than May 14, 2020, 45 days after the original due date of its Annual Report.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#333333'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#333333'>The Company is supplementing its risk factors previously disclosed in the Company&#8217;s Annual Report on Form 10-K for the year ended December 31, 2018 and its subsequent Quarterly Reports on Form 10-Q with the following risk factor:</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><I>Public health&#160;pandemics,&#160;epidemics or outbreaks, such as COVID-19, or coronavirus,&#160;could adversely impact our business.</I></B></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'>In December 2019, a novel strain of coronavirus (COVID-19) emerged in Wuhan, Hubei Province, China. While initially the outbreak was largely concentrated in China and caused significant disruptions to its economy, it has now spread to several other countries, including the United States, and infections have been reported globally.&#160;The spread of COVID-19 has affected segments of the global economy and may&#160;affect our plan of operations.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;color:#000000'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>The COVID-19 outbreak is a widespread health crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic downturn that could materially impact our results of operations.</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>&#160;</B></FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#333333'><B>Cautionary Note Regarding Forward-Looking Statements</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#333333'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#333333'>Certain of the statements contained in this report should be considered forward-looking statements. These forward-looking statements may be identified by words such as &#8220;may,&#8221; &#8220;will,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;anticipate,&#8221; &#8220;believe,&#8221; </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:#333333'>&#8220;estimate,&#8221; &#8220;plan,&#8221; &#8220;project,&#8221; &#8220;could,&#8221; &#8220;should,&#8221; &#8220;would,&#8221; &#8220;continue,&#8221; &#8220;seek,&#8221; &#8220;target,&#8221; &#8220;guidance,&#8221; &#8220;outlook,&#8221; &#8220;if current trends continue,&#8221; &#8220;optimistic,&#8221; &#8220;forecast&#8221; and other similar words. Such statements include, but are not limited to, statements about the Company&#8217;s plans, objectives, expectations, intentions, estimates and strategies for the future, and other statements that are not historical facts. These forward-looking statements are based on the Company&#8217;s current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth in the Company&#8217;s Annual Report on Form 10-K for the year ended December 31, 2019, and other risks and uncertainties listed from time to time in the Company&#8217;s other filings with the SEC. There may be other factors of which the Company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. In addition, there is uncertainty about the spread of the COVID-19 virus and the impact it may have on the Company&#8217;s operations and economic activity in general. The Company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement.</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>ITEM 9.01. Financial Statements and Exhibits.</B></FONT></P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR style=height:4pt><TD valign=top style=width:36pt><P align=right style='font:10pt Times New Roman;margin:0'>a.&#160;&#160;</P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>None</P>
</TD></TR>
</TABLE>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'><A name=eolPage3 /><A name=FIS_SIGNATURES />&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>SIGNATURES</B></FONT></P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>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.</FONT></P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD valign=middle style=width:42%><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=middle style=width:45%><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD></TR>
<TR><TD valign=middle style=width:42%><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=middle style=width:45%><P style='font:10pt Times New Roman;margin:0'>New Century Resources Corporation</P>
</TD></TR>
<TR><TD valign=middle style=width:42%><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=middle style=width:45%><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD></TR>
<TR><TD valign=middle style=width:42%;padding-bottom:1.5pt><P style='font:10pt Times New Roman;margin:0'>Dated: &#160;March 31 , 2020</P>
</TD><TD valign=top style='width:45%;border-bottom:1.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'><I>/s/&#160;George Christodoulou</I></P>
<P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD></TR>
<TR><TD valign=middle style=width:42%><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top style=width:45%><P style='font:10pt Times New Roman;margin:0'>George Christodoulou</P>
<P style='font:10pt Times New Roman;margin:0'>Principal Executive and Principal Accounting Officer</P>
</TD></TR>
</TABLE>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:8pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:8pt>&#160;</FONT></P>
<P align=center style='font:8pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:8pt>&#160;</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:11pt Calibri;margin-top:0pt;margin-bottom:10pt'>&nbsp;</P>
</DIV>
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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 31, 2020
New Century Resources Corporation
(Exact name of registrant as specified in its charter)
Nevada
000-29243
98-0361773
(state or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification Number)
10 Dionysiou Solomou Street
Leona Building, Suite 501
2406 Engomi
Nicosia Cyprus
P.O. Box 25631
Nicosia
(address of principal executive offices)
357-2281-6626
(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 (see General Instruction A.2. below):
[   ]
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))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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.
Due to the outbreak of coronavirus disease 2019 (COVID-19), New Asia Holdings, Inc. (the "Company") is filing this Current Report on Form 8-K to avail itself of an extension to file its Annual Report on Form 10-K for the period ended December 31, 2019 (the "Annual Report"), originally due on March 30, 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. 34-88465) (the "Order") regarding exemptions granted to certain public companies.
The Company's operations and business have experienced disruption due to the unprecedented conditions surrounding the COVID-19 pandemic spreading throughout the United States and the world and thus the Company's business operations have been disrupted and it is unable to timely review and prepare the Company's financial statements for the 2019 fiscal year.
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 COVID-19 coronavirus disease a "Public Health Emergency of International Concern," and on March 11, 2020, the World Health Organization characterized the outbreak as a "pandemic". Our operations are located in Singapore and Irvine, California, members of our senior management work in Singapore and Irvine, and the Company's
independent auditor is located in Houston, Texas, with the principal office conducting the Company's audit located in Beijing, China
.
The Company has been following the recommendations of local health authorities to minimize exposure risk for its employees for the past several weeks, including the temporary closures of its offices and having employees work remotely to the extent possible
, which has to an extent adversely affected their efficiency. As a result, the Company's books and records were not easily accessible, resulting in delays in preparation and completion of its financial statements. Further, the various governmental mandatory closures of businesses in these locations have precluded the Company's personnel, particularly its senior accounting staff, from obtaining access to its subsidiaries' books and records necessary to prepare the Company's financial statements that, once audited, comprise the essence of the Annual Report.
As such, the Company will be relying upon the 45-day grace period provided by the SEC's Order to delay filing of its Annual Report. The Company will file its Annual Report no later than May 14, 2020, 45 days after the original due date of its Annual Report.
The Company is supplementing its risk factors previously disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2018 and its subsequent Quarterly Reports on Form 10-Q with the following risk factor:
Public health pandemics, epidemics or outbreaks, such as COVID-19, or coronavirus, could adversely impact our business.
In December 2019, a novel strain of coronavirus (COVID-19) emerged in Wuhan, Hubei Province, China. While initially the outbreak was largely concentrated in China and caused significant disruptions to its economy, it has now spread to several other countries, including the United States, and infections have been reported globally. The spread of COVID-19 has affected segments of the global economy and may affect our plan of operations.
The COVID-19 outbreak is a widespread health crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic downturn that could materially impact our results of operations.
Cautionary Note Regarding Forward-Looking Statements
Certain of the statements contained in this report should be considered forward-looking statements. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe,"
"estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words. Such statements include, but are not limited to, statements about the Company's plans, objectives, expectations, intentions, estimates and strategies for the future, and other statements that are not historical facts. These forward-looking statements are based on the Company's current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2019, and other risks and uncertainties listed from time to time in the Company's other filings with the SEC. There may be other factors of which the Company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. In addition, there is uncertainty about the spread of the COVID-19 virus and the impact it may have on the Company's operations and economic activity in general. The Company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement.
ITEM 9.01. Financial Statements and Exhibits.
a.
None
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.
New Century Resources Corporation
Dated:  March 31 , 2020
/s/ George Christodoulou
George Christodoulou
Principal Executive and Principal Accounting Officer