Business Context and Reporting Period
The9 Limited (NASDAQ: NCTY), an online game operator and developer in China, filed this Form 6-K for the month of September 2009. The company operates licensed MMORPGs and casual games in mainland China, including titles such as Soul of The Ultimate Nation, Granado Espada, and EA SPORTS FIFA Online 2, while also developing proprietary games.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a disclosure of a corporate governance change rather than a financial results announcement.
Material Changes
The primary material change disclosed is the replacement of the company's independent registered public accounting firm. Deloitte Touche Tohmatsu CPA Ltd. (DTTC) has been engaged to replace PricewaterhouseCoopers Zhong Tian CPAs Limited Company, effective immediately for the fiscal year ending December 31, 2009.
Guidance, Outlook, and Risks
Management commentary confirms that there were no disagreements between The9 Limited and PricewaterhouseCoopers regarding accounting principles, financial statement disclosure, or auditing scope. No specific financial guidance, outlook, or new risk factors were disclosed in this filing.
Investor Verification Checklist
- Verify the effective date of the transition from PricewaterhouseCoopers to Deloitte Touche Tohmatsu CPA Ltd.
- Confirm the absence of any undisclosed disagreements with the former auditor regarding accounting practices.
- Review the upcoming fiscal year 2009 financial statements prepared under the new auditor.