10-K/A: Hartford Great Health Corp. Amends Annual Report to Correct Share Ownership Data

Hartford Great Health Corp. has filed an amendment to its annual report to correct errors in the beneficial ownership table, with no changes to the financial statements.

Summary

• Hartford Great Health Corp. filed an amendment to its annual report on Form 10-K/A to correct errors in the table of beneficial ownership of common stock by certain beneficial owners and management.
• The original report was filed on October 30, 2023, and this amendment addresses inaccuracies in Part III Item 12 regarding security ownership.
• The amendment does not revise the company's financial statements or any other disclosures from the original filing.
• As of October 30, 2023, there were 100,108,000 shares of common stock outstanding.
• Lianyue Song is the largest shareholder, owning 85,165,200 shares, representing 85.07% of the company's common stock.

Sentiment

Score: 6

Explanation: The document is a routine correction of an error, which is neither positive nor negative. The sentiment is neutral with a slight negative bias due to the error.

Positives

• The company has taken steps to correct errors in its reporting, demonstrating a commitment to accuracy.
• The amendment is focused on a specific section of the report, indicating that the rest of the report is considered accurate.

Negatives

• The need for an amendment suggests an initial error in the reporting of beneficial ownership.
• The error was in a key section of the report, which could raise concerns about the company's internal controls.

Risks

• The initial error in reporting beneficial ownership could indicate potential weaknesses in the company's internal controls.
• The need for an amendment may raise questions from investors about the accuracy of other filings.

Management Comments

• Rose Hong Wang, Chief Executive Officer, certified that the report does not contain any untrue statement of a material fact.
• Sheng-Yih Chang, Chief Financial Officer, certified that the report fairly presents the financial condition of the company.

Industry Context

This amendment is a routine correction of a specific section of the annual report and does not indicate any broader industry trends or competitive issues.

Comparison to Industry Standards

• The need for an amendment to correct share ownership data is not uncommon, but it is important for companies to have robust internal controls to minimize such errors.
• Companies of similar size and structure are expected to maintain accurate records of share ownership and report them correctly in their filings.
• The level of ownership concentration, with one shareholder owning over 85% of the stock, is not unusual for smaller companies but is something investors should be aware of.

Stakeholder Impact

• Shareholders will be impacted by the corrected ownership information.
• The correction ensures that the company is transparent with its stakeholders.

Key Dates

Keywords

beneficial ownership, amendment, Form 10-K, shareholders, common stock, Hartford Great Health Corp, SEC filing