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9F Inc. (NASDAQ: JFU) replaces auditor and reiterates control weaknesses

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

Rhea-AI Filing Summary

9F Inc. reported a change in its independent auditor. The board of directors and audit committee approved the dismissal of Wei, Wei & Co., LLP as the company’s independent registered public accounting firm, effective September 16, 2025, and appointed Marcum Asia CPAs LLP as the new auditor for the fiscal year ending December 31, 2025.

The prior auditor’s reports on 9F’s consolidated financial statements for fiscal years ended 2024 and 2023 contained no adverse opinions, disclaimers, or qualifications. The company states there were no disagreements with Wei, Wei & Co. on accounting principles, financial disclosure, or audit scope, and no reportable events other than previously identified material weaknesses in internal control over financial reporting, including limited U.S. GAAP and SEC reporting expertise, insufficient documentation for certain transactions and investment analyses, and inadequate policies for complex financial instruments.

Positive

  • None.

Negative

  • None.

Insights

9F switches auditors with no reported disagreements but keeps noted control weaknesses.

9F Inc. replaced Wei, Wei & Co., LLP with Marcum Asia CPAs LLP as its independent registered public accounting firm, effective September 16, 2025, for the fiscal year ending December 31, 2025. The company states that Wei, Wei & Co.’s audit reports for 2023 and 2024 had no adverse opinions, disclaimers, or qualifications.

The company also states there were no disagreements with the former auditor on accounting principles, financial disclosures, or audit scope, and no reportable events beyond existing material weaknesses in internal control over financial reporting. These weaknesses involve limited U.S. GAAP and SEC reporting expertise, gaps in documentation for certain accounting transactions and investment valuations, and insufficient policies for complex financial instruments.

The change in auditor itself is administrative, while the internal control issues highlight areas of financial reporting risk that may require remediation over future reporting periods, according to how the company has described its control environment.

 

 

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 September 2025

 

Commission File Number 001-39025

 

 

 

9F Inc.

(Translation of registrant’s name into English)

 

 

 

Room 1207, Building No. 5, 5 West Laiguangying Road

Chaoyang District, Beijing 100012

People's Republic of China

(Address of principal executive office)

 

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

 

 

 

 

 

 

9F Changes Its Independent Registered Public Accounting Firm

 

Beijing, China, September 18, 2025 -- 9F Inc. (“9F” or the “Company”) (NASDAQ: JFU), a digital technology service provider aiming to empower institutional partners with advanced financial technologies, today announced that the Company’s board of directors and the audit committee of the board approved the dismissal of Wei, Wei & Co., LLP (“Wei Wei”) as the Company’s independent registered public accounting firm, effective September 16, 2025, and the appointment of Marcum Asia CPAs LLP (“Marcum Asia”) as the Company’s new independent registered public accounting firm for the fiscal year ending December 31, 2025, effective September 16, 2025.

 

The reports of Wei Wei on the Company’s consolidated financial statements for the fiscal years ended December 31, 2024 and 2023 contained no adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope, or accounting principles.

 

During the fiscal years ended December 31, 2024 and 2023, and the subsequent interim period through September 16, 2025, there have been (i) no disagreements (as defined in Item 16F(a)(1)(iv) of Form 20-F) between the Company and Wei Wei on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Wei Wei, would have caused Wei Wei to make reference thereto in their reports on the Company’s consolidated financial statements for such years, and (ii) no reportable events (as defined in Item 16F(a)(1)(v) of Form 20-F) except for the material weaknesses in the Company’s internal control over financial reporting relating to (1) a lack of sufficient financial reporting and accounting personnel with appropriate U.S. GAAP knowledge and SEC reporting experience to properly address complex U.S. GAAP technical accounting issues and to prepare and review financial statements and related disclosures in accordance with U.S. GAAP and the financial reporting requirements set forth by the SEC; (2) a lack of proper documentation in support of certain accounting transactions and for the facilitation of the audit process and a lack of proper documentation in support of the Company’s investment values, credit losses and impairment analysis; and (3) a lack of sufficient policies and procedures to monitor the accounting treatment of complex financial instruments.

 

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.

 

  9F Inc.
   
  By: /s/ Lei Liu
  Name: Lei Liu
  Title: Chief Executive Officer
   
Date: September 18, 2025  

 

 

2

 

FAQ

What did 9F Inc. (JFU) announce in this Form 6-K?

9F Inc. announced that its board and audit committee dismissed Wei, Wei & Co., LLP as its independent registered public accounting firm and appointed Marcum Asia CPAs LLP as the new auditor, effective September 16, 2025, for the fiscal year ending December 31, 2025.

Were there any disagreements between 9F Inc. (JFU) and its former auditor?

The company states there were no disagreements with Wei, Wei & Co., LLP on accounting principles or practices, financial statement disclosure, or auditing scope or procedure during the fiscal years ended 2023 and 2024 and through September 16, 2025.

Did Wei, Wei & Co., LLP issue any adverse opinions on 9F Inc. (JFU)'s financial statements?

According to 9F Inc., the reports of Wei, Wei & Co., LLP on the consolidated financial statements for the years ended December 31, 2024 and December 31, 2023 contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles.

What internal control weaknesses does 9F Inc. (JFU) disclose in this filing?

9F Inc. discloses material weaknesses in internal control over financial reporting, including a lack of sufficient personnel with U.S. GAAP and SEC reporting experience, insufficient documentation for certain accounting transactions and analyses of investments, credit losses, and impairments, and a lack of sufficient policies and procedures for accounting for complex financial instruments.

Who is the new independent registered public accounting firm for 9F Inc. (JFU)?

The company’s new independent registered public accounting firm is Marcum Asia CPAs LLP, appointed effective September 16, 2025 for the fiscal year ending December 31, 2025.

Does 9F Inc. (JFU) report any other reportable events with its former auditor?

Aside from the previously identified material weaknesses in internal control over financial reporting, the company states there were no other reportable events as defined in Item 16F(a)(1)(v) of Form 20-F.
9F Inc.

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