<SEC-DOCUMENT>0001654954-18-000855.txt : 20180130
<SEC-HEADER>0001654954-18-000855.hdr.sgml : 20180130
<ACCEPTANCE-DATETIME>20180130080153
ACCESSION NUMBER:		0001654954-18-000855
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20180129
FILED AS OF DATE:		20180130
DATE AS OF CHANGE:		20180130

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EURO TECH HOLDINGS CO LTD
		CENTRAL INDEX KEY:			0001026662
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-PROFESSIONAL & COMMERCIAL EQUIPMENT & SUPPLIES [5040]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22113
		FILM NUMBER:		18557499

	BUSINESS ADDRESS:	
		STREET 1:		C/O EURO TECH (FAR EAST) LTD 18 F GEE
		STREET 2:		CHANG HONG CENTRE 65 WONG CHUK HANG ROAD
		CITY:			HONG KONG
		STATE:			K3
		ZIP:			00000
		BUSINESS PHONE:		0118522814

	MAIL ADDRESS:	
		STREET 1:		BRITISH VIRGIN ISLANDS LTD
		STREET 2:		TRUSTNET CHAMBERS PO BOX 3444
		CITY:			ROAD TOWN TORROLA BR
		STATE:			D8
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>clwt_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<html>
<head>
<!-- Document created using Blueprint(R) - powered by Issuer Direct - www.issuerdirect.com -->
<!-- Copyright 2018 Issuer Direct Corporation -->
<title>Blueprint</title>
</head>
<body style="font-family: Times New Roman; font-size: 13px;">
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 8px; border-top: 4px solid #000000; border-bottom: 1px solid #000000">
<!--style header--><br></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 24px">
FORM 6-K</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 24px">
SECURITIES AND EXCHANGE COMMISSION</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Washington, D.C. 20549</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
For the month of January 2018</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 24px">
Euro Tech Holdings Company Limited</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">(Translation
of Registrant&#x2019;s name into English)</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Unit D, 18/F Gee Chang Hong Centre, 65 Wong Chuk Hang Road, Hong
Kong</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">(Address
of Principal Executive Offices)</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Indicate
by check mark whether the Registrant files or will file annual
reports under cover Form 20-F or Form 40-F.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Form20-F
<font>&#x2611;</font>&#xA0;&#xA0; Form 40-F <font>&#x2610;</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Indicate
by check mark whether the Registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Yes
<font>&#x2610;</font>&#xA0;&#xA0; No <font>&#x2611;</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">If
&#x201C;Yes&#x201D; is marked, indicate below the file number
assigned to the registrant in connection with Rule
12G3-2(b):82-</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 8px; border-top: 1px solid #000000; border-bottom: 4px solid #000000">
<!--style footer--><br></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
<div id="pb" style="text-align: center; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; page-break-after: always; width: 100%; height: 1px; background-color: rgb(255, 255, 255);">
<!--page break line--></div>
<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Item 4.01 Changes in Registrant&#x2019;s Certifying
Accountant</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
On January 25, 2018, Euro Tech Holdings Company Limited&#x2019;s
(the &#x201C;Company&#x201D;) principal independent registered public
accounting firm, Centurion ZD CPA Limited
(&#x201C;Centurion&#x201D;), resigned from its engagement with the
Company, effective immediately.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Centurion ZD CPA Limited (&#x201C;Centurion&#x201D;, formerly known
as DCAW (CPA) Limited) and its predecessor Dominic K.F. Chan &amp;
CO. were the principal independent accountants of the Company
and&#xA0;reported on the financial statements for the fiscal years
ended December&#xA0;31, 2016 and December 31, 2015, respectively.
The reports of Centurion and its predecessor partner Dominic K.F.
Chan &amp; Co.&#x2019;s on the financial statements of the Company
for the fiscal years ended December&#xA0;31, 2016 and December 31,
2015 and through January 25, 2018 did not contain an adverse
opinion and were not qualified or modified as to uncertainty, audit
scope or accounting principles.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
During the fiscal years ended December&#xA0;31, 2016 and December
31, 2015 and through January 25, 2018: (i) there have been no
disagreements with Centurion on any matter of accounting principles
or practices, financial statement disclosure, or auditing scope or
procedure, which disagreements, if not resolved to
Centurion&#x2019;s satisfaction, would have caused Centurion to make
reference to the subject matter of the disagreement in connection
with its reports for such periods: and (ii) there were no
reportable events as defined in Item 304(a)(1)(v) of Regulation
S-K.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The Company provided Centurion with a copy of this disclosure
contained in this Current Report on Form 6-K prior to its filing
with the Securities and Exchange Commission (the &#x201C;SEC&#x201D;)
and requested Centurion to furnish a letter addressed to the SEC
stating whether it agrees with the disclosures made by the Company
in this filing. A copy of such letter from Centurion, dated January
29, 2018, is attached hereto as an Exhibit&#xA0;16.1.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
On January</font> <font style="color: #000000">26, 2018, the
Company engaged Union Power HK CPA Limited. (&#x201C;UP Hong
Kong&#x201D;) to serve as the new independent registered public
accounting firm for the Company and its
subsidiaries.&#xA0;&#xA0;The decision to engage UP Hong Kong as the
Company&#x2019;s principal independent registered public accounting
firm was approved by the Audit Committee of the Company on January
26, 2018.&#xA0;During the fiscal years ended December&#xA0;31, 2016
and 2015 and through January 26, 2018, neither the Company nor
anyone acting on its behalf consulted with UP Hong Kong regarding
either (i)&#xA0;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 Company&#x2019;s
financial statements, or (ii) any matter that was the subject of a
disagreement (as defined in Item 304(a)(1)(iv)&#xA0;of Regulation
S-K) or a reportable event (as described in Item
304(a)(1)(v)&#xA0;of Regulation S-K). &#xA0;UP Hong Kong did not
provide the Company with a written report or oral advice that they
concluded was an important factor considered by the Company in
reaching a decision as to accounting, auditing or financial
reporting issue.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
9.01&#xA0;&#xA0;&#xA0;&#xA0;Financial Statements and
Exhibits.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 16px"><font style="color: #000000; font-size: 13px">
(d)</font><font style="color: #000000">&#xA0;</font><font style="color: #000000; font-size: 13px">Exhibits.</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<a href="clwt_ex16-1.htm">16.1</a>&#xA0;Letter from Centurion ZD
CPA Limited dated January 29, 2018</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;<br></font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
<div id="pb" style="text-align: center; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; page-break-after: always; width: 100%; height: 1px; background-color: #000000">
<!--page break line--></div>
<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
SIGNATURES</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">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.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="font-family: inherit; font-size: inherit; margin-right:0px;width:100%;margin-left:0px;">
<tr>
<td rowspan="1" style="width: 50%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td colspan="2" rowspan="1" style="vertical-align: bottom; width: 38%;">
<div><font style="font-family: Times New Roman; font-size: 13px">EURO TECH HOLDINGS
COMPANY LIMITED</font></div>
</td>
<td rowspan="1" style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 3%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 35%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 50%; border-bottom: medium solid rgb(255, 255, 255);">
<font style="font-family: Times New Roman; font-size: 13px">January
29, 2018</font></td>
<td style="vertical-align: top; width: 3%; border-bottom: medium solid rgb(255, 255, 255);">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">By:&#xA0;&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 35%; border-bottom: 2px solid black; white-space: nowrap;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">/s/</font>
<font style="font-family: Times New Roman; font-size: 13px">Jerry
Wong</font></div>
</td>
<td style="vertical-align: top; width: 12%; border-bottom: medium solid rgb(255, 255, 255);">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 3%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 35%; white-space: nowrap;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">Jerry
Wong</font>&#xA0;</font></div>
</td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 3%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 35%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">Chief Financial
Officer</font>&#xA0;</font></div>
</td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
<div id="pb" style="text-align: center; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-16.1
<SEQUENCE>2
<FILENAME>clwt_ex16-1.htm
<DESCRIPTION>LETTER FROM CENTURION ZD CPA LIMITED DATED JANUARY 25, 2018
<TEXT>
<html>
<head>
<!-- Document created using Blueprint(R) - powered by Issuer Direct - www.issuerdirect.com -->
<!-- Copyright 2018 Issuer Direct Corporation -->
<title>Blueprint</title>
</head>
<body style="font-family: Times New Roman; font-size: 13px;">
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="hdr">
<div style="text-align: right; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
&#xA0; <font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">Exhibit 16.1</font><br></font></div>
</div>
</div>
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font>&#xA0;</font></div>
<div style="text-align: left">
<table cellpadding="0" cellspacing="0" style="text-align: left; margin: 0px auto 0px 0px; width: 100%; font-family: inherit; font-size: inherit;">
<tr>
<td style="width: 5%;">
<div><img src="img01.jpg"></div>
</td>
<td style="width: 95%;">
<div><font>&#xA0;</font>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><font style="font-size: 16px">
&#x4E2D;&#x6B63;&#x9054;</font>&#x6703;&#x8A08;&#x5E2B;&#x4E8B;&#x52D9;&#x6240;&#x6709;&#x9650;&#x516C;&#x53F8;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 16px">Centurion
ZD CPA Limited</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Certified Public
Accountants (Practising)</font></div>
</div>
</td>
</tr></table>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="text-align: left; width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%; border-bottom: 3px double rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Unit
1304, 13/F, Two Harbourfront, 22 Tak Fung Street, Hunghom, Hong
Kong.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">&#x9999;&#x6E2F;
&#x7D05;&#x78E1; &#x5FB7;&#x8C50;&#x8857;<font style="font-family: Times New Roman">22</font>&#x865F;
&#x6D77;&#x6FF1;&#x5EE3;&#x5834;&#x4E8C;&#x671F; <font style="font-family: Times New Roman">13</font>&#x6A13;<font style="font-family: Times New Roman">1304</font>&#x5BA4;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Tel
<font style="font-family: Times New Roman; font-size: 13px">&#x96FB;&#x8A71;</font>:
(852) 2126 2388 Fax <font style="font-family: Times New Roman; font-size: 13px">&#x50B3;&#x771F;</font>:
(852) 2122 9078</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Email
<font style="font-size: 13px">&#x96FB;&#x90F5;</font>:
info@czdcpa.com</font></div>
</td>
</tr></table>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; background-color: #FFFF00; font-family: Times New Roman; font-size: 13px">
</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">
January 29, 2018</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 348px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Securities
and Exchange Commission</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
100 F Street, N.E.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Washington, D.C. 20549</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
RE: Euro Tech Holdings Company Limited</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 7px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
We have read the statements made by Euro Tech Holdings Company
Limited (the &#x201C;Company&#x201D;) in Item 4.01 of the
Company&#x2019;s Current Report on Form 6-K dated January 29,
2018</font> <font style="color: #000000">and agree with the statements made regarding our
firm. We have no basis to agree or disagree with other statements
of the Company made under Item 4.01 therein.</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px"><img src="sig.jpg"></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Centurion ZD CPA Limited</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Certified Public Accountants</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
<div id="pb" style="text-align: center; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>img01.jpg
<DESCRIPTION>IMAGE
<TEXT>
begin 644 img01.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_X0 Z17AI9@  34T *@    @  U$0  $
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M+"^F,RRQ9 8JS?,K#KUQ45<1.HK,<8*.QZ'15>QO(M0L+>]@;=#<1++&WJK
M$'\C16)9RWQ*\-7?B?PB]OIQ4:E:SQWEIN. 9$.0/Q!(^I%,T[XE:--9(-02
M[L=3"@2Z?):R&4/W50%^89Z$5TU[J^G:;-!#?7L%O)<;O*65PN_:,G&?3-<Y
MI7CW3+DZW+J%W86L&FWCVZ2>>#YB* =^/QQQGI0!G^+/'&I:/X46X32Y;;5-
M0E,5C$ZE_*3C][+@$+@'.WGL.><9.E>(_#_@;PDUKI3W.KZS.3)(R6TNZZN6
M_B9BN ,^_ KT>:^E\F&:QM3>12KO#QRH!CC!Y/.<]JQ(?%-_J#ZI;Z;H,DEY
MI\WD2+/<1HF\JK#Y@2<88<XH YKQ+K$-G\1O!DNH3 R6$%U]ODBA<I&[Q)MZ
M X!.<<FK'C37O^$O\/7'AOPQ#<7EUJ($,EP;=TAMXR?F9G8 =.,#)YKL+S67
MTY]/^TV$PCNCLDDC(<6S[=WS_P"SP1NZ<<]:YR;X@F+6I[9;!7M4MED23[3$
M"\FY@R [B"0JYP,GVH [#2["/2M)L].B),=K D"$]2%4*/Y45+;7,5W:Q7$+
M;HI4#H<$9!&1P>110!@:]H5_J/BCP[JEG+!&FF-<-)YH)SYD>P8 Q[]ZX_3=
M&U77]&\>Z5!<V:-=:M/$S/&WWC''R/FX'X&O5!TJK9:?:6#7+6MND37,QGF*
MC[[G +'WX'Y4 <KX^80>'=+A,F&&J6*G#8R/.0'\,9K)TFTM[O6_&<MQK5U8
M6\.JI*S6\ZQ#"PQG);&<>O.*]!N=-L+QP]U96\[ 8#2Q*Q'YBH?["T?!']E6
M//7_ $=.?TH Y;Q?J%JFH:!-!?S,PNTN)TM[E@OV8(XWL 0H4N4&XX!R.V:Y
M6;3;NY\67T5N)5'V-;N-T;&)I&96<,)A\Q5%&0W\SGUF+3K&%V:*S@0O$(6V
MQ@909POT&X\>]8=SX \)7#EY/#]CENNV/;_*@#<L)VN+""9HRC/&"R%PQ4XY
=!(.#CU%%2V]O#:V\<$$210QJ%1$& H'8"B@#_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>sig.jpg
<DESCRIPTION>IMAGE
<TEXT>
begin 644 sig.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_X0 Z17AI9@  34T *@    @  U$0  $
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M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
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E/7![5/10 4444 %%%% !1110 4444 %%%% !1110 4444 ?_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
