secwatch.observer — SEC 8-K summary
======================================

Issuer:     Leader Capital Holdings Corp. (LCHD)
CIK:        0001715433
Form:       8-K
Filed at:   2021-07-15T23:59:59+00:00
Accession:  0001493152-21-016930
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1715433/000149315221016930/0001493152-21-016930-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1715433/000149315221016930/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-016930

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer