Item 8.01 - Other Events.
Application for a 45-days extension of the filing deadline
of the 10-K.
Natur International Corp. (“natur”
or the company) seeks an extension of 45 days to file its annual report on Form 10-K, for the fiscal year ended December 31, 2019,
based on the SEC Order under Section 36 of the Exchange Act, set forth in Release No. 34-88318, issued March 4, 2020, which authorizes
the Commission to exempt, either conditionally or unconditionally, any person, security or transaction, or any class or classes
of persons, securities, or transactions, from any provision or provisions of the Exchange Act or any rule or regulation thereunder,
to the extent that such exemption is necessary or appropriate in the public interest, and is consistent with the protection of
investors.
On November 11, 2019, the company announced
a merger with Share International, which has its operations in the Peoples’ Republic of China. The closing of this transaction,
originally planned for midst of February 2020, is delayed due to the circumstances in China caused by the COVID-19 virus. Share
International is currently not able to deliver the closing documents and financial records of its China activities due to illness
of some key employees. As this transaction was announced to the public by form of press release on November 11, 2019, the company
is obliged to inform the public in its 10-K, as a subsequent event, about the materiality of the transaction and to publish the
(unaudited) results of the 4th quarter 2019 of Share International, which are part of the required closing documents.
With its head office in the Netherlands and having a Chinese Financial Director, the company itself is also hit by absences of
staff due to the effects of the COVID-19 virus, causing a material slow-down of the activities needed to finalize the audited financial
statements of the year 2019.
The company expects to file its annual
report within the time frame of the extension, on or before May 14, 2020.
Attached is a signed statement from Mr.
Zeng Li, the CEO of Share International and the Chinese activities, who is located in Chongqing, PRC, which confirms that due to
the illness of several staff members of the local enterprise and the fact that the office was closed in the early part of 2020
and continues to be understaffed, it has not been able to provide the financial information to the company for its completion of
its financial reporting.
Risk Factor
It is to be expected that the operations
of Share International will be negatively impacted due to understaffing, and a significant decrease of consumer demands in Chongqing.
We expect that as the Covid-19 Virus expands as a pandemic and state actions are taken that are disrupting commerce at all levels
of industry, there will be various adverse effects experienced by companies such as ours that deal in consumer products and services
Although the company and Share International are taking measures to mitigate the effect as much as possible there is no assurance
that the steps will be sufficient. In most respects it is too early in the pandemic to be able to quantify all the ramifications.
Although the company is confident that
filing will take place within the timeline of the extension, this is not a certainty as local in the locations from where require
information for our reporting circumstances may change for the worse.