BGIN Blockchain (BGIN) appoints MaloneBailey as new independent auditor
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.
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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.