Business Context and Reporting Period
Company: LOBO EV TECHNOLOGIES LTD.
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: December 2024 (Effective Date: December 26, 2024)
Subject: Change of Independent Registered Public Accounting Firm
Key Financial Metrics
The filing text does not provide specific financial data, including revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on corporate governance regarding the audit firm.
Material Changes
- Auditor Transition: The Company dismissed TPS Thayer, LLC ("TPS") and appointed HTL International, LLC ("HTL") as its new independent registered public accounting firm, effective December 26, 2024.
- Reason for Change: The transition was driven by the movement of certain business operations from TPS to HTL and was approved by the Board of Directors.
- No Disagreements: The Company confirmed there were no disagreements with TPS regarding accounting principles, financial statement disclosures, or auditing scope/procedures during the two most recent fiscal years or through the date of dismissal.
Outlook, Risks, and Contingencies
- Audit Opinion History: TPS's audit reports for the fiscal years ended December 31, 2022, and 2023, did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty or scope.
- Reportable Events: No "reportable events" occurred during the two most recent fiscal years or through December 26, 2024, except for material weaknesses in internal controls previously reported by management in the final prospectus filed on April 30, 2024.
- Consultation with New Auditor: The Company did not consult HTL on any accounting principles or potential audit opinions prior to their engagement.
Investor Verification Checklist
- Verify the status of the material weaknesses in internal controls disclosed in the April 30, 2024, prospectus.
- Confirm the scope of the "certain business" transition from TPS to HTL that necessitated the auditor change.
- Review the letter from TPS Thayer, LLC (Exhibit 16.1) to ensure it aligns with the Company's statement regarding the absence of disagreements.
- Monitor upcoming filings for the first financial statements audited by HTL International, LLC.