Business Context and Reporting Period
This Form 6-K filing by Adlai Nortye Ltd. (Nasdaq: ANL) is dated February 14, 2025. The report discloses a change in the Company's independent registered public accounting firm. The Company is a Cayman Islands-based entity focused on therapeutic candidate development.
Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly a disclosure of auditor changes and does not contain financial statement data.
Material Changes
- Dismissal of Auditor: On February 14, 2025, the Audit Committee dismissed Forvis Mazars, LLP as the independent registered public accounting firm. Forvis Mazars was engaged from June 1, 2024, through February 14, 2025.
- Engagement of New Auditor: The Audit Committee approved, and the Board ratified, the engagement of BDO China Shu Lun Pan Certified Public Accountants LLP as the new independent registered public accounting firm, effective February 14, 2025. They will audit the fiscal year ended December 31, 2024.
- No Disagreements: The Company reported no disagreements with Forvis Mazars regarding accounting principles, practices, or auditing scope during their engagement. No "reportable events" occurred.
- No Prior Consultation: The Company confirmed no consultations with the new auditor (BDO) regarding accounting principles or audit opinions during the past two fiscal years or the subsequent period through the filing date.
Outlook, Risks, and Contingencies
The filing includes standard forward-looking statements regarding the Company's preclinical studies, clinical trials, regulatory approvals, and capital requirements. Key risks identified include:
- Uncertainty in the timing and results of clinical trials and preclinical studies.
- Ability to obtain regulatory approvals in the PRC and United States.
- Market acceptance and commercialization of therapeutic candidates.
- Intellectual property protection and potential infringement issues.
- Ability to access sufficient additional financing.
Key Facts for Investor Verification
- Verify the transition timeline between Forvis Mazars and BDO China Shu Lun Pan to ensure no gap in audit coverage.
- Review the letter from Forvis Mazars (Exhibit 99.1) to confirm their agreement with the Company's disclosure regarding the dismissal.
- Monitor upcoming filings for the audited financial statements for the fiscal year ended December 31, 2024, prepared by the new auditor.
- Assess the impact of the auditor change on the Company's ability to meet future reporting deadlines.