---
schema_version: "secwatch.filing_event.v1"
accession: "0001013762-23-002833"
form_type: "8-K"
ticker: null
cik: "0001499785"
company_name: "Tengjun Biotechnology Corp."
filed_at: "2023-10-10T23:59:59+00:00"
generated_at: "2026-06-10T02:16:04.722542+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Tengjun Biotechnology terminates auditor PWN LLP after accounting disagreements; appoints KG CPA LLP

## Summary
- Board elected not to continue PWN LLP as auditor on Oct 2, 2023, citing unresolved disagreements over accounting treatments.
- PWN LLP declined to recognize any revenue as of June 30, 2023 due to significant discrepancies in Q2 financial data.
- PWN LLP recommended restatement of FY 2022 financials for errors in accounting policies and estimates; company did not agree.
- Company appointed KG CPA LLP as new independent auditor effective Oct 2, 2023; no prior consultations with them.
- PWN LLP communicated significant deficiencies on Aug 29, 2023; issue unresolved before dismissal.

## SEC filing metadata
- accession: 0001013762-23-002833
- form_type: 8-K
- cik: 0001499785
- company_name: Tengjun Biotechnology Corp.
- filed_at: 2023-10-10T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499785/000101376223002833/0001013762-23-002833-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499785/000101376223002833/ea186367-8k_tengjun.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013762-23-002833
- JSON: https://secwatch.observer/filing/0001013762-23-002833.json
- Plain text: https://secwatch.observer/filing/0001013762-23-002833.txt

## Key facts
- Auditor Changes
  Tengjun Biotechnology Corp. dismissed PWN LLP as its auditor.
  - Action: dismissal
  - Auditor: PWN LLP
  - Successor: KG CPA LLP
  source text: lected not to continue the engagement of PWN LLP serving as the Company’s independent registered public accounting firm. The termination of the engagement of PWN LLP has been approved by the Board of Directors of the Company (the “Board”). The report of PWN LLP on the financial statements of the Company as of and for the fiscal year ended December 31, 2022 did not contain any adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles. During the Company’s two most recent fiscal years and the subsequent interim period through October 2, 2023, there were disagreements with PWN LLP regarding certain accounting treatments. Due to the provision of incorrect accounting information by the Company, PWN LLP discovered significant discrepancies and inconsistencies in the data when reviewing the Company’s second quarter financi
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499785/000101376223002833/0001013762-23-002833-index.htm
- Auditor Changes
  Tengjun Biotechnology Corp. engaged KG CPA LLP as its auditor.
  - Action: engagement
  - Auditor: KG CPA LLP
  source text: the Board approved the engagement of KG CPA LLP as the Company’s new independent registered public accounting firm with effect from October 2, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499785/000101376223002833/0001013762-23-002833-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.