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Knorex Ltd. (KNRX) replaces Kreit & Chiu with Assentsure PAC as auditor

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

Rhea-AI Filing Summary

Knorex Ltd. disclosed that its Audit Committee dismissed Kreit & Chiu CPA LLP as independent auditor and appointed Assentsure PAC as the new independent registered public accounting firm for the fiscal year ending December 31, 2025. Kreit & Chiu’s audit reports on Knorex’s consolidated financial statements for the years ended December 31, 2024 and 2023 contained no adverse or disclaimed opinions and were not qualified, other than including an emphasis about the company’s going concern uncertainty.

The company reports there were no disagreements or reportable events with the former auditor over accounting principles, financial disclosures, or audit procedures during those periods, and that it did not consult Assentsure on accounting or audit opinions before the appointment.

Positive

  • None.

Negative

  • None.

Insights

Knorex changes auditors with no reported disputes but ongoing going concern emphasis.

Knorex’s Audit Committee replaced Kreit & Chiu CPA LLP with Assentsure PAC as its independent auditor for the year ending December 31, 2025. The prior auditor’s reports for 2023 and 2024 were clean in terms of opinion type but highlighted a going concern uncertainty, signaling that the company’s ability to continue operating was a key focus in those audits.

The company states there were no disagreements or reportable events with the former auditor, and that it did not seek advance accounting or opinion guidance from Assentsure before the appointment. This positions the move as a governance decision rather than one triggered by disclosed disputes over accounting treatments. Future annual reports will show how Assentsure evaluates the same going concern issues in its opinions for the 2025 financial statements.

 

 

 

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: 001-42862

 

KNOREX Ltd.

(Exact name of registrant as specified in its charter)

 

21 Merchant Road, #04-01

Singapore 058267

(Address of Principal Executive Offices)

 

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 ☐

 

 

 

 
 

 

CHANGE IN COMPANY’S CERTIFYING ACCOUNTANTS

 

Auditor Change from Kreit & Chiu CPA LLP to Assentsure PAC

 

On November 26, 2025, the Audit Committee of the Board of Directors (the “Audit Committee”) of Knorex Ltd. (the “Company”) approved the dismissal of Kreit & Chiu CPA LLP (“K&C”) as the Company’s independent registered public accounting firm, effective November 26, 2025, and the appointment of Assentsure PAC (“Assentsure”) as the Company’s new independent registered public accounting firm for the fiscal year ending December 31, 2025. Assentsure was formally engaged on November 26, 2025.

 

The reports of K&C on the consolidated financial statements of the Company and its subsidiaries as of December 31, 2024 and 2023, and for each of the years in the two-year period ended December 31, 2024, contained no adverse opinion or disclaimer of opinion and were not qualified except for the inclusion of an emphasis of the Company’s going concern uncertainty.

 

During the fiscal years ended December 31 2024 and 2023, and the subsequent period through November 26, 2025, there were (i) no “disagreements” (as that term is defined in Item 16F(a)(1)(iv) of Form 20-F) between the Company and K&C 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 K&C, would have caused K&C to make reference to the subject matter of the disagreement in K&C’s reports on the consolidated financial statements of the Company and its subsidiaries for such years, and (ii) no “reportable events” (as that term is defined in Item 16F(a)(1)(v) of Form 20-F).

 

The Company provided K&C with a copy of the disclosures it is making in this current report on Form 6-K and requested that K&C furnish it with a letter addressed to the U.S. Securities and Exchange Commission (“SEC”) stating whether or not K&C agrees with the above disclosures and, if not, stating the respects in which K&C does not agree. A copy of K&C’s letter to the SEC, dated December 31, 2025, is furnished herewith as Exhibit 99.1 to this current report on Form 6-K.

 

During the fiscal years ended December 31, 2024 and 2023, and the subsequent period through November 26, 2025, neither the Company nor anyone on its behalf consulted with Assentsure regarding (i) the application of accounting principles to a specific transaction, either completed or proposed, (ii) the type of audit opinion that might be rendered on the Company’s financial statements and neither a written report nor oral advice was provided to the Company that Assentsure concluded was an important factor considered by the Company in reaching a decision as to accounting, auditing or financial reporting issues, (iii) any matter that was the subject of a disagreement (as defined in Item 16F(a)(1)(iv) of Form 20-F and the related instructions), or (iv) any reportable event (as described in Item 16F(a)(1)(v) of Form 20-F).

 

EXHIBITS

 

Exhibit No.   Description
99.1   Letter from Predecessor Auditor

 

 
 

 

Signature

 

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.

 

  Knorex Ltd.
   
  By: /s/ Khar Heng Choo
  Name: Khar Heng Choo
  Title: Chairman of the Board of Directors and Chief Executive Officer

 

Date: December 31, 2025

 

 

 

 

FAQ

What change in auditors did Knorex Ltd. (KNRX) disclose?

Knorex Ltd. reported that its Audit Committee dismissed Kreit & Chiu CPA LLP as its independent registered public accounting firm and appointed Assentsure PAC as the new auditor for the fiscal year ending December 31, 2025.

Did the prior Knorex (KNRX) audit opinions contain any qualifications or adverse opinions?

The reports of Kreit & Chiu CPA LLP on Knorex’s consolidated financial statements for the years ended December 31, 2024 and 2023 contained no adverse opinion or disclaimer of opinion and were not qualified, except for an emphasis of the company’s going concern uncertainty.

Were there any disagreements between Knorex Ltd. (KNRX) and its former auditor?

Knorex states there were no disagreements, as defined in Item 16F of Form 20-F, with Kreit & Chiu CPA LLP over accounting principles, financial statement disclosure, or auditing scope or procedure during the years ended December 31, 2024 and 2023 and through November 26, 2025.

Did Knorex (KNRX) report any reportable events with the former auditor?

The company reports there were no reportable events, as defined in Item 16F(a)(1)(v) of Form 20-F, with Kreit & Chiu CPA LLP during the covered periods.

Did Knorex Ltd. (KNRX) consult Assentsure PAC before appointing it as auditor?

Knorex states that during the fiscal years ended December 31, 2024 and 2023 and through November 26, 2025, neither the company nor anyone on its behalf consulted Assentsure PAC about applying accounting principles, the type of audit opinion that might be issued, any disagreements, or any reportable events.

How did Knorex involve its former auditor in these disclosures?

Knorex provided Kreit & Chiu CPA LLP with a copy of these disclosures and requested a letter to the SEC stating whether it agrees with them. The auditor’s response letter, dated December 31, 2025, is included as Exhibit 99.1.
KNOREX LTD.

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