UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

 

 

 

 

 

FORM 12b-25

SEC FILE NUMBER

000-31091

 

NOTIFICATION OF LATE FILING

CUSIP NUMBER

137581 104


(Check one):

 

 Form 10-K 

 

 Form 20-F 

 

 Form 11-K 

ü

 Form 10-Q 

 

 Form 10-D 

 

 Form N-CEN 

 

 Form N-CSR


 

For Period Ended:

 December 31, 2020

 

 

 

 

 

 Transition Report on Form 10-K

 

 

 

 

 

 Transition Report on Form 20-F

 

 

 

 

 

 Transition Report on Form 11-K

 

 

 

 

 

 Transition Report on Form 10-Q

 

 

 

 

For the Transition Period Ended:

 Not Applicable

 

 

 


Read Instructions (on back page) Before Preparing Form. Please Print or Type.

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

 

 

PART I — REGISTRANT INFORMATION


CANG BAO TIAN XIA INTERNATIONAL ART TRADE CENTER, INC.

Full Name of Registrant

 

Zhongchai Machinery, Inc.

Former Name if Applicable

 

Unit 609, Shengda Plaza, No. 61 Guoxing Ave.

Address of Principal Executive Office (Street and Number)

 

Meilan District, Hainan Province, China 570203

City, State and Zip Code


86-898-66186181

Registrant's telephone number, including area code







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PART II — RULES 12b-25(b) AND (c)

 

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)


 

 

 

 

(a)

The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;

 

(b)

The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and

ü

 

 

(c)

The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.


PART III — NARRATIVE

 

State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period. (Attach extra Sheets if Needed)

 

The Company could not complete the filing of its Quarterly Report on Form 10-Q for the period ended December 31, 2020 due to a delay in obtaining and compiling information required to be included in the Company's Form 10-Q, which delay could not be eliminated by the Company without unreasonable effort and expense. In accordance with Rule 12b-25 of the Securities Exchange Act of 1934, as amended, the Company intends to file its Form 10-Q no later than the 5th calendar day following the prescribed due date.


PART IV — OTHER INFORMATION


(1)

Name and telephone number of person to contact in regard to this notification

 

 

John Lowy

  

(212)

  

371-7799

 

(Name)

 

(Area Code)

 

(Telephone Number)

 

(2)

Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).

Yes 

ü

No 

 

 

 

 

 

(3)

Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?

Yes 

ü

No 

 

 

 

 

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.  

 

 

 

The Registrant expects that the Form 10-Q for the quarter ended December 31, 2020, when filed, will show the following:


Revenues. For the three months ended December 31,2020 and 2019, we had revenue of $972,084 and $751,658, respectively, representing an increase of $220,426, or 29%, which were derived from service package sales for the members and sales of intelligent machine. We have not generated revenue from transaction commission since the beginning of operation in March 2019. The significant increase in revenue was due to the sales of intelligent machine in the amount of $708,636 for the three months ended December 31, 2020.


Loss from Operations. For the three months ended December 31, 2020 and 2019, we had loss from operations of $1,521,658 and $1,115,866, respectively, representing an increase in loss of $405,792, or 36%.

 




2



  



 

CANG BAO TIAN XIA INTERNATIONAL ART TRADE CENTER, INC.

(Name of Registrant as Specified in Charter)

 

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date:

February 14, 2021

 

By:

/s/ Xingtao Zhou

 

 

 

 

Xingtao Zhou

Chief Executive Officer





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