InnSuites Hospitality Trust replaces auditor MGO with BF Borgers for cost reduction

INNSUITES HOSPITALITY TRUST

Audit committee non-renewed MGO as independent auditor on Feb 16, 2022, effective immediately.
BF Borgers engaged as new auditor on March 17, 2022, with audit committee approval.
No disagreements with MGO on accounting principles or procedures in fiscal years 2021 and 2020 or interim period.
MGO audit reports for FY 2021 and 2020 contained no adverse opinion or qualification.
Change described as part of a cost reduction initiative.

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