---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-019302"
form_type: "8-K"
ticker: "HGYN"
cik: "0001324759"
company_name: "HONG YUAN HOLDING GROUP"
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T00:24:59.108652+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Hong Yuan terminates BF Borgers, engages Oyebola after SEC sanctions BF Borgers

## Summary
- Terminated BF Borgers CPA PC as auditor on May 5, 2024; engaged Olayinka Oyebola & Co on May 9, 2024.
- BF Borgers' audit reports for FY2022 and FY2023 were unqualified, with no disagreements with management.
- SEC issued a cease-and-desist order against BF Borgers on May 3, 2024, barring them from practicing before the SEC.
- No disagreements or reportable events during the periods.

## SEC filing metadata
- accession: 0001493152-24-019302
- form_type: 8-K
- ticker: HGYN
- cik: 0001324759
- company_name: HONG YUAN HOLDING GROUP
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 4.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1324759/000149315224019302/0001493152-24-019302-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1324759/000149315224019302/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-019302
- JSON: https://secwatch.observer/filing/0001493152-24-019302.json
- Plain text: https://secwatch.observer/filing/0001493152-24-019302.txt

## Key facts
- Auditor Changes
  HONG YUAN HOLDING GROUP engaged Olayinka Oyebola & Co, Chartered Accountants as its auditor.
  - Action: engagement
  - Auditor: Olayinka Oyebola & Co, Chartered Accountants
  source text: On May 9, 2024, the Company engaged Olayinka Oyebola & C0, Chartered Accountants (“Oyebola”), as BF Borgers’ replacement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1324759/000149315224019302/0001493152-24-019302-index.htm
- Auditor Changes
  HONG YUAN HOLDING GROUP dismissed BF Borgers CPA PC as its auditor.
  - Action: dismissal
  - Auditor: BF Borgers CPA PC
  - Successor: Olayinka Oyebola & Co, Chartered Accountants
  source text: On May 5, 2024, Hong Yuan Holding Group (the “Company”) terminated its relationship with its independent registered public accounting firm, BF Borgers CPA PC (“BF BORGERS.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1324759/000149315224019302/0001493152-24-019302-index.htm

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