Business Context and Reporting Period
Company: GigaCloud Technology Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: March 2, 2026
Reporting Period: Immediate event reporting regarding a change in independent registered public accounting firm.
Key Financial Metrics
This filing does not contain financial performance data. The document reports a corporate governance event rather than financial results. Consequently, revenue, profit, cash flow, margins, debt, and liquidity figures are not provided in this text.
Material Changes
- Appointment of New Auditor: The Audit Committee approved the selection of Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026.
- Dismissal of Prior Auditor: KPMG Huazhen LLP was dismissed as the independent registered public accounting firm effective immediately on March 2, 2026.
- Reason for Change: The change was driven by the mandatory five-year audit partner rotation requirement under Rule 2-01(c)(6) of Regulation S-X, as the lead audit partner of the current auditor was approaching the end of the permitted service period.
Guidance, Outlook, and Risks
Management Commentary: The Audit Committee conducted a comprehensive review considering audit quality, industry expertise, regulatory environment, and geographic alignment. The Committee concluded that appointing Grant Thornton is in the best interests of the Company and its shareholders.
Disagreements and Reportable Events: The filing explicitly states there were no disagreements with KPMG regarding accounting principles, financial statement disclosure, or auditing scope during the fiscal years ended December 31, 2025 and 2024, or the interim period through March 2, 2026. No "reportable events" occurred.
Consultations: The Company did not consult with Grant Thornton regarding accounting principles or audit opinions prior to the appointment.
Investor Verification Checklist
- Verify the completion of Grant Thornton's client acceptance and independence procedures and the execution of the engagement letter.
- Review the attached letter from KPMG Huazhen LLP (Exhibit 16.1) to confirm their agreement with the Company's statements regarding the dismissal.
- Monitor the transition timeline to ensure no disruption to the audit of the fiscal year ending December 31, 2026.
- Check for any subsequent filings regarding the finalization of the new auditor's appointment.