Cloudweb terminates auditor BF Borgers after SEC sanction, appoints Boladale Lawal

Cloudweb, Inc.

Terminated BF Borgers CPA PC as independent auditor on June 14, 2024; replaced by Boladale Lawal & Co. on June 20, 2024.
BF Borgers is currently not permitted to appear or practice before the SEC per SEC order dated May 3, 2024.
No disagreements on accounting principles or audit scope during FY2022-2023 or subsequent interim period.
Prior audit reports for FY2022-2023 were unqualified with no adverse opinions.

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