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Sharing Economy International (SEII) replaces auditor, hires Lao Professionals

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Sharing Economy International Inc. reported a change in its independent auditor. On January 29, 2026, the board accepted the resignation of Olayinka Oyebola & Co. as the company’s independent registered public accountant, effective immediately, and engaged Lao Professionals to audit the consolidated financial statements for the fiscal years ending December 31, 2022, 2023, 2024 and 2025, as well as quarterly reviews for March, June and September in 2023, 2024 and 2025. The company stated that, during the fiscal years ended December 31, 2021 and through the decision date, it did not consult Lao Professionals on accounting principles, potential audit opinions, or any matters involving disagreements or reportable events with the prior auditor.

Positive

  • None.

Negative

  • None.

Insights

Company replaces its auditor and backfills audits for multiple years.

Sharing Economy International Inc. disclosed that its board accepted the resignation of Olayinka Oyebola & Co. and appointed Lao Professionals as the new independent registered public accountant. Lao is engaged to audit fiscal years 2022–2025 and review specified quarters.

The company emphasized it had not previously consulted Lao on accounting treatments, audit opinions, or issues involving disagreements or reportable events with the former auditor. This language is designed to indicate there were no pre-arranged views with the new firm on sensitive accounting matters.

Because Lao will audit several past fiscal years and quarters, forthcoming audited financial statements for 2022 through 2025 may clarify the company’s historical results. Subsequent periodic reports will show how Lao evaluates prior-period accounting and disclosure, which can matter for investors assessing reporting consistency.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549 

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934 

 

Date of report (Date of earliest event reported): February 19, 2026 (January 29, 2026)

 

SHARING ECONOMY INTERNATIONAL INC.

(Exact name of registrant as specified in Charter)

 

Nevada   001-34591   90-0648920
(State or other jurisdiction of
incorporation or organization)
  (Commission File No.)   (IRS Employee
Identification No.)

 

No.85 Castle Peak Road

Castle Peak Bay

Tuen Mun, N.T., Hong Kong

(Address of Principal Executive Offices)

 

(852) 35832186

(Registrant’s Telephone number)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  
Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))
  
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

Item 4.01 Change in Registrant’s Certifying Accountant.

 

Termination of Olyainka Oyebola & Co. and Engagement of Lao Professionals

 

On January 29, 2026, the Board of Directors of Sharing Economy International, Inc., a Nevada corporation (“we” or “us”), accepted the resignation of Olayinka Oyebola & Co. (“OO”) as our independent registered public accountant, effective immediately.

 

Concurrently therewith, we retained the firm of Lao Professionals (“Lao”), to audit our consolidated financial statements for our fiscal year ending December 31, 2022, 2023, 2024 and 2025. And each quarterly reviews for the period March, June and September year 2023, 2024 and 2025.

 

During the fiscal years ended December 31, 2021, and through the date of this Form 8-K, neither the Company nor anyone acting on its behalf consulted Lao regarding (1) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s consolidated financial statements, and Lao did not provide either a written report or oral advice to the Company that was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue, (2) any matter that was either the subject of a disagreement with OO on accounting principles or practices, financial statement disclosure or auditing scope or procedures, which, if not resolved to the satisfaction of OO, would have caused OO to make reference to the matter in their report, or a “reportable event” as described in Item 304(a)(1)(v) of Regulation S-K of the SEC’s rules and regulations.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
10.1   Consent of Olayinka Oyebola & Co.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

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 hereunto duly authorized.

 

Date: February 19, 2026 Sharing Economy International Inc.
   
By: /s/ Ximing Huang
    Ximing Huang
    Chief Executive Officer

 

 

2

 

FAQ

What change in auditor did SEII disclose in this 8-K filing?

Sharing Economy International Inc. reported that its board accepted the resignation of Olayinka Oyebola & Co. as independent registered public accountant and engaged Lao Professionals as the new auditor. The change became effective January 29, 2026, when the board approved the transition.

Which periods will Lao Professionals audit for Sharing Economy International Inc. (SEII)?

Lao Professionals is engaged to audit SEII’s consolidated financial statements for fiscal years ending December 31, 2022, 2023, 2024 and 2025. The firm will also perform quarterly reviews for March, June and September in 2023, 2024 and 2025, according to the disclosure.

Did SEII report any disagreements with its former auditor Olayinka Oyebola & Co.?

The company stated that it did not consult Lao Professionals on issues involving disagreements with Olayinka Oyebola & Co. It also indicated there were no matters that would have required OO to reference disagreements or reportable events in their report under Item 304(a)(1)(v) of Regulation S-K.

Did Sharing Economy International Inc. previously consult Lao Professionals before appointing them?

SEII stated that during the fiscal years ended December 31, 2021 and through the appointment date, it did not consult Lao Professionals about applying accounting principles, potential audit opinions, or any accounting, auditing, or financial reporting issues that influenced its decisions.

What exhibits were included with the SEII auditor change disclosure?

The filing listed a consent from Olayinka Oyebola & Co. as Exhibit 10.1 and a Cover Page Interactive Data File embedded within the Inline XBRL document as Exhibit 104. These exhibits support the auditor transition disclosure and related technical filing requirements.

Who signed the SEII 8-K reporting the auditor change?

The report was signed on behalf of Sharing Economy International Inc. by Chief Executive Officer Ximing Huang. The signature line confirms the filing was authorized under the Securities Exchange Act of 1934 by the company’s principal executive officer.

Filing Exhibits & Attachments

5 documents
Sharing Economy

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