---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-016930"
form_type: "8-K"
ticker: "LCHD"
cik: "0001715433"
company_name: "Leader Capital Holdings Corp."
filed_at: "2021-07-15T23:59:59+00:00"
generated_at: "2026-06-30T05:09:56.213888+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Leader Capital restates financials for six periods due to stock compensation errors

## Summary
- Board concludes financials for six periods from Nov 2019 to Feb 2021 are no longer reliable.
- Errors stem from accounting for unvested shares issued to directors, employees, and consultants under ASC 718.
- Restatement will decrease prepayments, deposits, other receivables and additional paid-in capital; amounts unknown.
- Company will amend the 2020 Form 10-K and quarterly reports for all affected periods.
- Discussed the non-reliance with independent auditor Centurion ZD CPA & Co.

## SEC filing metadata
- accession: 0001493152-21-016930
- form_type: 8-K
- ticker: LCHD
- cik: 0001715433
- company_name: Leader Capital Holdings Corp.
- filed_at: 2021-07-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1715433/000149315221016930/0001493152-21-016930-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1715433/000149315221016930/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-016930
- JSON: https://secwatch.observer/filing/0001493152-21-016930.json
- Plain text: https://secwatch.observer/filing/0001493152-21-016930.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.