Business Context and Reporting Period
This Form 6-K filing by Tantech Holdings Ltd covers the month of May 2022, with the report dated May 27, 2022. The filing serves as a report of a foreign private issuer under Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934. The primary purpose of this document is to disclose a change in the registrant's certifying accountant.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly informational regarding corporate governance and does not contain financial performance data for the period.
Material Changes
The material change disclosed is the replacement of the independent registered public accounting firm:
- Outgoing Auditor: Prager Metis CPAs, LLC ("Prager Metis") was dismissed on May 27, 2022.
- Incoming Auditor: YCM CPA Inc ("YCM") was appointed as the new independent registered public accounting firm on May 27, 2022.
Management Commentary, Risks, and Contingencies
Management provided the following commentary regarding the auditor transition:
- No Disagreements: There were no disagreements between the Company and Prager Metis during the fiscal years ended December 31, 2020, 2019, and 2018, or through the date of dismissal, regarding accounting principles, financial statement disclosure, or auditing scope.
- Audit Opinions: Prager Metis's reports for the years ended December 31, 2020, 2019, and 2018 did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- Reportable Events: No "reportable events" as defined in Item 16F(a)(1)(v) of Form 20-F occurred during the relevant periods.
- Consultation with New Auditor: Neither the Company nor anyone on its behalf consulted YCM regarding accounting principles, proposed transactions, or audit opinions prior to engagement. No written reports or oral advice were provided by YCM that were considered important factors in decision-making.
Key Facts for Investor Verification
- Verify the effective date of the auditor change (May 27, 2022) and the identity of the new firm (YCM CPA Inc).
- Confirm the absence of any "reportable events" or disagreements with the former auditor (Prager Metis) as stated in the filing.
- Review Exhibit 99.1 (Letter from Prager Metis) to confirm their agreement with the disclosures made in this report.
- Note that this filing contains no financial performance data; investors should refer to the most recent Form 20-F for financial metrics.