---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-006303"
form_type: "8-K"
ticker: "NCRA"
cik: "0001756180"
company_name: "NOCERA, INC."
filed_at: "2023-09-06T23:59:59+00:00"
generated_at: "2026-06-10T23:29:56.007969+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Nocera restates FY2022 financials after SEC review; prior statements no longer reliable

## Summary
- SEC staff review flagged accounting issues; XFC disposition in Nov 2022 should be classified as discontinued operation.
- Audit Committee concurred with management that FY2022 audited financial statements may no longer be relied upon.
- Restatement will reclassify XFC as discontinued operation and adjust cash flow statements; impact is non-cash.
- Company will also amend MD&A and audit report to add critical audit matter and clarify change in construction service intent.
- Restatement follows prior sale of controlling interest in XFC; company no longer provides RAS construction services in Taiwan.

## SEC filing metadata
- accession: 0001683168-23-006303
- form_type: 8-K
- ticker: NCRA
- cik: 0001756180
- company_name: NOCERA, INC.
- filed_at: 2023-09-06T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1756180/000168316823006303/0001683168-23-006303-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1756180/000168316823006303/nocera_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-006303
- JSON: https://secwatch.observer/filing/0001683168-23-006303.json
- Plain text: https://secwatch.observer/filing/0001683168-23-006303.txt

## Key facts
- Auditor Changes
  NOCERA, INC. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: Centurion ZD CPA & Co.
  source text: o longer be relied upon. Management reached such conclusions following its evaluation of the Staff’s comments and consultations with its independent auditor, Centurion ZD CPA & Co., for the following reasons. Based upon management’s evaluation of the Staff’s comments and guidance for disclosure with regard to the Accounting Issues , the Company has concluded that, in view of the disposition of XFC in November 2022, the operations of XFC should be classified as a discontinued operation and such reclassification will require a restatement of the Company’s audited consolidated financial statements for the year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1756180/000168316823006303/0001683168-23-006303-index.htm

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