Business Context and Reporting Period
This Form 6-K filing by New Century Logistics (BVI) Limited, dated July 8, 2025, reports a Change of Auditor. The registrant is a foreign private issuer filing under Form 20-F. The filing addresses the dismissal of ZH CPA, LLC and the appointment of AOGB CPA Limited as the independent registered public accounting firm, effective July 8, 2025.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This document is a disclosure of corporate governance changes rather than a financial performance report.
Material Changes
- Auditor Change: ZH CPA, LLC was dismissed and AOGB CPA Limited was appointed as the new independent auditor.
- Reasoning: The change was not the result of any disagreement regarding accounting principles, financial statement disclosure, or auditing scope.
- Historical Opinions: ZH CPA's audit reports for fiscal years ended September 30, 2024, and 2023, were unqualified and did not contain adverse opinions or disclaimers.
Outlook, Risks, and Contingencies
Material Weaknesses: The filing references material weaknesses previously reported by management in the Form 20-F for the fiscal year ended September 30, 2024. These weaknesses are associated with a lack of adequately skilled staff possessing knowledge of U.S. GAAP, affecting adherence to reporting and compliance requirements.
Consultations: No consultations occurred with the new auditor (AOGB) regarding accounting principles or audit opinions prior to their engagement.
Investor Verification Checklist
- Verify the content of the letter from ZH CPA, LLC (Exhibit 16.1) to confirm their agreement with the Company's statements regarding the dismissal.
- Review the Form 20-F filed on January 28, 2025, to assess the details and remediation plans for the reported material weaknesses in U.S. GAAP compliance.
- Confirm the qualifications and independence of the newly appointed auditor, AOGB CPA Limited.
- Monitor future filings for any updates on the resolution of the staffing and U.S. GAAP knowledge gaps.