Business Context and Reporting Period
Company: Troops, Inc.
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: January 2026 (Event date: January 19, 2026)
Principal Executive Office: Hong Kong
This filing discloses a change in the Company's independent registered public accounting firm. The Board of Directors approved the dismissal of Audit Alliance LLP and the appointment of AssentSurePAC effective January 19, 2026.
Key Financial Metrics
The filing text does not provide specific financial data such as revenue, profit, cash flow, margins, debt, or liquidity figures. This report focuses exclusively on corporate governance regarding the audit firm transition.
Material Changes
- Dismissal of Auditor: Audit Alliance LLP was dismissed as the independent registered public accounting firm effective January 19, 2026.
- Appointment of New Auditor: AssentSurePAC was appointed to perform independent audit services for the fiscal year ended December 31, 2025.
- Audit History: Audit Alliance's reports for fiscal years 2022, 2023, and 2024 contained no adverse opinions, disclaimers, or qualifications. No disagreements or "reportable events" occurred during the most recent fiscal year.
- Consultation with New Auditor: No consultations occurred with AssentSurePAC regarding accounting principles, audit opinions, or disagreements prior to their engagement.
Guidance, Outlook, and Risks
Forward-Looking Statements: The filing includes a safe harbor statement regarding future expectations, including the effectiveness of a multiple-brand, multiple-channel strategy and a transition to a "light-asset" model.
Identified Risks:
- Effectiveness of internal controls over financial reporting.
- Success in designing and distributing products under licensed brands.
- Management of sales trends and client mix.
- Ability to secure financing without efficient fixed assets as collateral.
- Changes in government policy in China and overall economic conditions.
- Geopolitical events and regulatory compliance.
Investor Verification Checklist
- Verify the letter from Audit Alliance LLP (Exhibit 99.1) to confirm their concurrence with the Company's disclosures regarding the dismissal.
- Review the engagement letter with AssentSurePAC to confirm the scope of the audit for the year ended December 31, 2025.
- Monitor upcoming filings for the first financial statements audited by the new firm to assess any changes in accounting treatment or internal control assessments.
- Confirm the status of the "light-asset" model transition mentioned in the forward-looking statements.