FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a16 OR 15d16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2022
Commission File Number: 001-38699
STUDIO CITY INTERNATIONAL HOLDINGS LIMITED
80 Robinson Road
#02-00
Singapore (068898)
and
38th Floor, The Centrium
60 Wyndham Street
Central
Hong Kong
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20F or Form 40 F. Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
We are a world-class integrated resort located in Cotai, Macau. Our casino is operated by one of the subsidiaries of Melco Resorts & Entertainment Limited (Melco Resorts) and a holder of a gaming subconcession. Melco Resorts is a developer, owner and operator of integrated resort facilities in Asia and Europe. In 2022, following process control changes, certain key finance personnel are relocating to Singapore.
Change in Registrants Certifying Accountant
The audit and risk committee (the Audit Committee) of the board of directors of Studio City International Holdings Limited (the Company) conducted a review process to consider the selection of the Companys independent registered public accounting firm for the audits of the Companys consolidated financial statements and internal control over financial reporting as of and for the fiscal year ending December 31, 2022 to be filed with the U.S. Securities and Exchange Commission (SEC).
On August 16, 2022, the board of directors of the Company approved the appointment of Ernst & Young LLP, located in Singapore (EY SG) and dismissed Ernst & Young, located in Hong Kong, Special Administrative Region of the PRC (EY HK) as the Companys independent registered public accounting firm for the audits of the Companys consolidated financial statements and internal control over financial reporting to be filed with the SEC, effective on August 16, 2022. Both EY SG and EY HK are member firms of Ernst & Young Global Limited, each of which is a separate legal entity. The change of the Companys independent registered public accounting firm was recommended by the Audit Committee and made after a review process conducted by Audit Committee. In addition, EY SG will also replace EY HK as the independent auditors of Studio City Finance Limited and Studio City Investments Limited, including with respect to filings to be made with the Singapore Stock Exchange.
EY HKs audit reports on the Companys consolidated financial statements as of and for the years ended December 31, 2021 and 2020 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
During each of the years ended December 31, 2021 and 2020, and in the subsequent interim period through the date of this report on Form 6-K, there has been no disagreement (as defined in Item 16F(a)(1)(iv) to Form 20-F and the related instructions thereto) with EY HK on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of EY HK, would have caused them to make reference to the subject matter of the disagreements in their reports on the consolidated financial statements for such years, and no reportable events occurred (as set forth in Item 16F(a)(1)(v) of Form 20-F).
During each of the years ended December 31, 2021 and 2020, and the subsequent interim period through August 15, 2022, neither the Company nor anyone on behalf of the Company has consulted with EY SG regarding (i) the application of accounting principles to a specific transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Companys consolidated financial statements, and neither a written report nor oral advice was provided to the Company that EY SG concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issues, (ii) any matter that was the subject of disagreement pursuant to Item 16F(a)(1)(iv) of the instructions to Form 20-F, or (iii) any reportable events pursuant to Item 16F(a)(1)(v) of the instructions to Form 20-F.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
STUDIO CITY INTERNATIONAL HOLDINGS LIMITED | ||
By: | /s/ Geoffrey Davis | |
Name: | Geoffrey Davis, CFA | |
Title: | Chief Financial Officer |
Date: August 18, 2022
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