Business Context and Reporting Period
Company: 9F Inc. (NASDAQ: JFU)
Reporting Period: September 2025 (Form 6-K filed September 18, 2025)
Business Description: A digital technology service provider empowering institutional partners with advanced financial technologies.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and audit firm changes.
Material Changes
- Change in Auditor: The Board and Audit Committee dismissed Wei, Wei & Co., LLP effective September 16, 2025.
- New Auditor Appointment: Marcum Asia CPAs LLP was appointed as the independent registered public accounting firm for the fiscal year ending December 31, 2025, effective September 16, 2025.
- Audit History: Reports for fiscal years 2023 and 2024 contained no adverse opinions, disclaimers, or qualifications.
Management Commentary, Risks, and Contingencies
Disagreements: No disagreements regarding accounting principles, practices, or audit scope occurred between the Company and the former auditor during the relevant periods.
Reportable Events (Material Weaknesses): The filing discloses material weaknesses in internal control over financial reporting, specifically:
- Lack of sufficient financial reporting personnel with appropriate U.S. GAAP knowledge and SEC reporting experience.
- Lack of proper documentation supporting accounting transactions, investment values, credit losses, and impairment analysis.
- Lack of sufficient policies and procedures to monitor the accounting treatment of complex financial instruments.
Investor Verification Checklist
- Verify the transition timeline and scope of work between Wei, Wei & Co., LLP and Marcum Asia CPAs LLP.
- Confirm the Company's plan to remediate the disclosed material weaknesses in internal controls.
- Review upcoming financial statements for the fiscal year ending December 31, 2025, to assess the impact of the new auditor and control improvements.