China Integrated Energy, Inc. (fka CBEH)

[mlkrborn]

New accontant; new director :8-K
Form 8-K for CHINA INTEGRATED ENERGY, INC.

2-May-2011

"Changes in Registrant's Certifying Accountant, Non-Reliance on Prev


Item 4.01 Changes in Registrant's Certifying Accountant.

On April 26, 2011, a member of the Audit Committee of the Board of Directors of China Integrated Energy, Inc. (the "Company") received a letter from KPMG confirming that the client-auditor relationship with the Company ceased (the "April 26 Letter"). In a subsequent letter, dated April 27, 2011, the substance of which is disclosed in response to Item 4.02(b) below, KPMG confirmed that it had resigned as of its April 26 Letter and such resignation was effective immediately (the "April 27 Letter").

The audit report of KPMG on the financial statements of the Company for the year ended December 31, 2010, does not contain any adverse opinion or disclaimer of opinion, and was not qualified or modified as to uncertainty, audit scope or accounting principles.

From December 16, 2010, when KPMG was engaged, through KPMG's resignation on April 26, 2011, there were no disagreements between the Company and KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to the satisfaction of KPMG would have caused KPMG to make reference to the subject matter of the disagreements in connection with its reports. As disclosed below in Item 4.02(b) below, there was a reportable event as described under Item 304(a)(1)(v)(B) which, according to the April 27 Letter, led to KPMG's resignation. Other than set forth above and disclosed under Item 4.02(b), there were no other disagreements or reportable events as described under Item 304(a)(1) of Regulation S-K.

The Company provided a copy of this disclosure to KPMG and an opportunity to furnish the Company with a letter stating whether it agrees or disagrees with the statements made by the Company herein in response to Item 304(a) of Regulation S-K.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors, Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.

"Resignation of Mr. Wenbing Christopher Wang as Independent Director.

On May 3, 2011, the board of directors (the “Board”) of China Integrated Energy, Inc. (the “Company”) received notification from Mr. Wenbing Christopher Wang that effective immediately, he resigned as a member of the Board of the Company. At the time of his resignation, Mr. Wang also served as a member of the Audit Committee.

Mr. Wang submitted his resignation to the Board via email on May 3, 2011. In his resignation letter, he indicated that recent events relating to the independent investigation conducted by the Audit Committee, including inconsistencies between representations made by Company’s management to the Board, have led him to conclude that he cannot continue to serve as a director of the Company. A copy of his resignation letter is included with this Current Report on Form 8-K as Exhibit 17.1 and is incorporated herein in its entirety by reference.

The Company has provided Mr. Wang a copy of the disclosures it is making in this Item 5.02 no later than the day of filing this Current Report on Form 8-K with the SEC. The Company has also provided him the opportunity to furnish the Company, as promptly as possible, a letter addressed to the Company stating whether he agrees with the statements made by the Company in this Item 5.02, and, if not, stating the respects in which he does or does not agree. The Company will file any letter received from Mr. Wang by the Company as an exhibit by an amendment to this Current Report on Form 8-K within two business days after receipt by the Company."
Latest 8-k filing; re: directors..
The Company is considering potential candidates for a replacement. Upon appointment of a new director, the Company will file a Current Report on Form 8-K.

Resignation of Mr. Albert Pu as Chief Financial Officer.

On April 28, 2011, Mr. Albert Pu resigned from his position as the Chief Financial Officer of the Company, effective immediately. The Company is in the process of identifying potential candidates for the position and expects to find a replacement very shortly. Upon appointment of a new Chief Financial Officer, the Company will file a Current Report on Form 8-K.