secwatch.observer — SEC 8-K summary
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Issuer:     NOCERA, INC. (NCRA)
CIK:        0001756180
Form:       8-K
Filed at:   2023-09-06T23:59:59+00:00
Accession:  0001683168-23-006303
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1756180/000168316823006303/0001683168-23-006303-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1756180/000168316823006303/nocera_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-006303

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