other material
confidence high
sentiment negative
materiality 0.70
Nongfu Shop Digital New Retail Co., Ltd (NFSN): auditor change — Nongfu Shop appoints new auditor; prior audit flagged going-concern doubt
Nongfu Shop Digital New Retail Co., Ltd
- KCCW Accountancy Corp. resigned as independent auditor on Aug 6, 2025; Simon & Edward LLP appointed.
- KCCW's FY2024 audit report included an explanatory paragraph expressing substantial doubt about going concern.
- No disagreements between Nongfu Shop and KCCW on accounting principles or auditing scope.
- Company filed KCCW's letter to SEC as Exhibit 16.1; no prior consultations with Simon.