AiXin Life International, Inc. (AIXN): auditor change — Aixin Life restating 2021 financials; auditor flagged acquisition accounting

AiXin Life International, Inc.

Restating 2021 financials after former auditor KCCW identified need to correct acquisition accounting for two 2021 deals.
Acquisitions of Aixin Shangyan Hotel and Aixintang Pharmacies (both under common control) not retroactively applied from period start.
Also correcting presentation of capital contribution from a major shareholder in 2021.
Company expects to file amended 8-K with restated financials and adjustments.

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

AiXin Life International, Inc. reported that prior financial statements should not be relied upon.

Action: non reliance
Auditor: KCCW Certified Public Accountants

Exact text from the filing

o its resignation from its position as the independent registered principal accounting firm of the Company, KCCW Certified Public Accountants (“KCCW”), advised the Company in writing of the need to restate the consolidated financial statements of the Company for the year ended December 31, 2021 (the “2021 Financial Statements”) to present the results of operations for the year ended December 31, 2021, as though the acquisitions of Aixin Shangyan Hotel and Aixintang Pharmacies had occurred at the beginning of the period. In addition to the necessary adjustments to the 2021 Financial Statements, the comparative financial statements and financial information for prior years included in the 2021 Financial Statements needed to be restated to reflect the retroactive adjustment of the financial

View on SEC.gov

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.95

KCCW Certified Public Accountants resigned as auditor of AiXin Life International, Inc..

Action: resignation
Auditor: KCCW Certified Public Accountants

Exact text from the filing

Prior to its resignation from its position as the independent registered principal accounting firm of the Company, KCCW Certified Public Accountants ("KCCW"), advised the Company in writing of the need to restate the consolidated financial statements of the Company for the year ended December 31, 2021 (the "2021 Financial Statements") to present the results of operations for the year ended December 31, 2021, as though the acquisitions of Aixin Shangyan Hotel and Aixintang Pharmacies had occurred at the beginning of the period.

View on SEC.gov

19 auditor changes filed in the last 30 days. Browse all auditor changes →

AiXin Life International, Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-000411

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.