Filing Summary
Company identified in filing: Highest Performances Holdings Inc. The request metadata names Maase Inc., which does not match the registrant named in the filing.
Business Context and Reporting Period
This Form 6-K, dated April 2, 2024, reports the change in the Company’s independent registered public accounting firm. Marcum Asia CPAs LLP was dismissed effective March 29, 2024, and Deloitte Touche Tohmatsu Certified Public Accountants LLP was appointed as successor auditor for the fiscal year ending June 30, 2024.
Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other operating or financial performance metrics.
Material Changes Versus Prior Period
- Marcum Asia audited the Company’s financial statements for the fiscal years ended June 30, 2022 and 2023.
- Marcum Asia’s audit reports for those years contained no adverse opinion, disclaimer of opinion, qualification, or modification relating to uncertainty, audit scope, or accounting principles.
- The Company reported no disagreements with Marcum Asia regarding accounting principles or practices, financial statement disclosure, or audit scope or procedures during those fiscal years or the subsequent interim period through March 29, 2024.
- The Company reported that no reportable events occurred during the relevant periods.
Guidance, Outlook, Risks, and Unusual Items
The filing contains no financial guidance or business outlook. The auditor transition was approved by the audit committee and board of directors. The Company stated that it had not consulted Deloitte during the relevant period regarding accounting principles, potential audit opinions, disagreements, or reportable events before appointing it.
Marcum Asia provided a letter dated April 2, 2024, furnished as Exhibit 16.1, addressing the Company’s statements regarding the auditor change. The Company intends to use the Form 6-K and exhibit to satisfy applicable Form 20-F reporting obligations for the year ending June 30, 2024 and to incorporate the exhibit by reference into its Form 20-F and Form F-3 to the extent required.
Key Facts to Verify
- Confirm that the intended company is Highest Performances Holdings Inc. rather than Maase Inc.
- Review Marcum Asia’s Exhibit 16.1 letter for its agreement or comments regarding the auditor-change disclosures.
- Confirm Deloitte’s role as successor auditor for the fiscal year ending June 30, 2024.
- Review the Company’s subsequent Form 20-F for any developments, audit findings, qualifications, or reportable events.