STOCK TITAN

BGIN Blockchain (BGIN) appoints MaloneBailey as new independent auditor

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

BGIN BLOCKCHAIN LIMITED disclosed that its audit committee decided not to renew the engagement of ZH CPA, LLC as the company’s auditor and approved the appointment of MaloneBailey, LLP as the new independent registered public accounting firm, effective December 12, 2025.

The company states that ZH CPA’s reports on the financial statements for the fiscal years ended December 31, 2024 and 2023 contained no adverse opinions, disclaimers, or qualifications, and that there were no disagreements or reportable events under Item 16F of Form 20-F during that period. BGIN also notes it did not consult MaloneBailey on accounting principles, specific transactions, or potential audit opinions before the engagement. A confirmation letter from ZH CPA is filed as Exhibit 16.1, and a press release announcing the change is included as Exhibit 99.1.

Positive

  • None.

Negative

  • None.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of December 2025

 

Commission File Number: 001-42908

 

BGIN BLOCKCHAIN LIMITED

 

#09 12 Paya Lebar Square
60 Paya Lebar Road
Singapore 409051
+65 9658 5681

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F       Form 40-F

 

 

 

 

 

  

Changes in Registrant’s Certifying Accountant

 

On December 10, 2025, the audit committee of the board of directors of BGIN BLOCKCHAIN LIMITED (the “Company”) resolved not to renew or negotiate new terms for continued engagement with ZH CPA, LLC (“ZH CPA”), the Company’s auditor, and approved the engagement of MaloneBailey, LLP (“MaloneBailey”), an independent registered public accounting firm, to serve as the auditor of the Company, effective December 12, 2025.

 

ZH CPA’s report on the Company’s financial statements for the fiscal years ended December 31, 2024 and 2023 did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles. Furthermore, during the Company’s two most recent fiscal years and through December 10, 2025, there were no disagreements with ZH CPA on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to ZH CPA’s satisfaction, would have caused ZH CPA to make reference to the subject matter of the disagreement in connection with its report on the Company’s financial statements for such periods. During the Company’s two most recent fiscal years and through December 10, 2025, there were no “reportable events” as that term is described in Item 16F(a)(1)(v) of Form 20-F.

 

The Company has provided ZH CPA with a copy of the above disclosure and requested that ZH CPA furnish a letter addressed to the Commission stating whether or not it agrees with the above statements. A copy of ZH CPA’s letter is filed hereto as Exhibit 16.1.

 

During the two most recent fiscal years and any subsequent interim periods prior to the engagement of MaloneBailey, neither the Company, nor someone on behalf of the Company, has consulted MaloneBailey regarding either the application of accounting principles to a specified transaction, whether completed or proposed, or the type of audit opinion that might be rendered on the Company’s consolidated financial statements. Neither a written report was provided to the Company nor was any oral advice provided that MaloneBailey concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing, or financial reporting issue. Additionally, neither the Company, nor anyone on behalf of it, has consulted MaloneBailey regarding any matter that was the subject of a disagreement as defined in Item 16F(a)(1)(iv) of Form 20-F and related instructions to Item 16F of Form 20-F, or any reportable events as described in Item 16F(a)(1)(v) of Form 20-F.

 

The Company issued a press release on December 15, 2025, announcing the change of auditor. A Copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

 

Exhibit Index

 

Exhibit
Number
  Exhibit
16.1   Letter, dated December 15, 2025, from ZH CPA, LLC addressed to the Commission
99.1   Press Release – BGIN BLOCKCHAIN LIMITED Announces Appointment of MaloneBailey, LLP as Independent Registered Public Accounting Firm

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  BGIN BLOCKCHAIN LIMITED
   
Date: December 15, 2025 By: /s/ Qingfeng Wu
  Name:  Qingfeng Wu
  Title: Chief Executive Officer
(principal executive officer)

 

 

2

 

FAQ

What did BGIN (BGIN) announce regarding its independent auditor?

BGIN BLOCKCHAIN LIMITED announced that its audit committee chose not to renew ZH CPA, LLC as auditor and approved the appointment of MaloneBailey, LLP as the company’s new independent registered public accounting firm, effective December 12, 2025.

Were there any disagreements between BGIN and former auditor ZH CPA?

The company states that during its two most recent fiscal years and through December 10, 2025 there were no disagreements with ZH CPA on accounting principles, financial statement disclosure, or auditing scope or procedures that would have required mention in ZH CPA’s reports.

Did ZH CPA issue qualified opinions on BGIN’s 2023 or 2024 financial statements?

No. ZH CPA’s reports on BGIN’s financial statements for the fiscal years ended December 31, 2024 and 2023 did not contain adverse opinions or disclaimers and were not qualified or modified as to uncertainty, audit scope, or accounting principles.

Did BGIN consult MaloneBailey before appointing it as auditor?

The company states that during the two most recent fiscal years and prior interim periods, neither BGIN nor anyone on its behalf consulted MaloneBailey on the application of accounting principles, specific transactions, expected audit opinions, or any matters involving disagreements or reportable events.

What additional documents are attached to BGIN’s auditor change disclosure?

BGIN includes as Exhibit 16.1 a letter dated December 15, 2025 from ZH CPA, LLC addressed to the Commission, and as Exhibit 99.1 a press release announcing the appointment of MaloneBailey, LLP as the company’s independent registered public accounting firm.

How does BGIN describe reportable events related to its former auditor?

BGIN states that during its two most recent fiscal years and through December 10, 2025, there were no reportable events as described in Item 16F(a)(1)(v) of Form 20-F in relation to ZH CPA’s engagement.

BGIN BLOCKCHAIN LTD

NASDAQ:BGIN

BGIN Rankings

BGIN Latest News

BGIN Latest SEC Filings

BGIN Stock Data

366.56M
6.00M