GRAPHJET TECHNOLOGY (GTIJF): auditor change — Graphjet restates FY2023 financials after accounting policy change on IP valuation

GRAPHJET TECHNOLOGY

Board concluded FY2023 financials audited by Adeptus Partners should no longer be relied upon.
Restatement reclassifies IP assignment from former CSO Mr. Liu as related-party, valued at cost under ASC 850-10-20.
Current auditor Kreit & Chiu CPA re-audited and restated the FY2023 statements.
Company expects to file FY2024 10-K before Nasdaq hearing on July 17, 2025.

item 4.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

GRAPHJET TECHNOLOGY reported that prior financial statements should not be relied upon.

Action: non reliance
Auditor: Adeptus Partners LLC
Successor: Kreit & Chiu CPA, LLP

Exact text from the filing

due to the changes to the Company’s accounting policy, the Company’s board of directors (the “ Board ”) concluded that the financial statements for the year ended September 30, 2023, which had been previously audited by Adeptus Partners LLC, should no longer be relied on

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GRAPHJET TECHNOLOGY filing history →

Source: SEC EDGAR

accession 0001213900-25-063714

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