Business Context and Reporting Period
This Form 6-K filing by Zhibao Technology Inc. covers the month of November 2025. The report primarily addresses a change in the company's independent registered public accounting firm.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate governance and auditor changes rather than financial performance data.
Material Changes
- Dismissal of Former Auditor: The Audit Committee approved the dismissal of Marcum Asia CPAs LLP, effective November 24, 2025.
- Appointment of New Auditor: The Audit Committee approved the appointment of HYYH CPA. LLC, effective November 24, 2025.
- Reason for Change: The new auditor, HYYH, was previously engaged by Zhonglian Jinan Insurance Brokers Co., Ltd. ("Zhonglian") to audit its financial statements in connection with Zhibao's acquisition of a 51% equity interest in Zhonglian.
Outlook, Risks, and Contingencies
- Disagreements with Former Auditor: The company reported no disagreements with Marcum Asia regarding accounting principles, practices, or audit scope during the two most recent fiscal years or the interim period through November 24, 2025.
- Reportable Events: The filing confirms the existence of previously disclosed material weaknesses in internal control over financial reporting. These include:
- Insufficient personnel with appropriate U.S. GAAP knowledge and experience.
- Inadequate IT controls related to logical access security.
- Audit Opinions: Marcum Asia's audit reports for the years ended June 30, 2024, and 2023 contained no adverse opinions, disclaimers, or qualifications.
Investor Verification Checklist
- Verify the transition timeline and handover status between Marcum Asia and HYYH CPA. LLC.
- Review the company's remediation plan for the disclosed material weaknesses in internal controls (U.S. GAAP staffing and IT security).
- Confirm the status of the 51% acquisition of Zhonglian Jinan Insurance Brokers Co., Ltd.
- Examine the attached letter from Marcum Asia (Exhibit 16.1) to ensure no undisclosed disagreements exist.