Business Context and Reporting Period
This Form 6-K filing by Cnfinance Holdings Ltd. covers the month of December 2024, with a specific reporting date of December 6, 2024. The document serves as a Current Report of a Foreign Private Issuer to disclose a material corporate governance change regarding the Company's independent registered public accounting firm.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is exclusively focused on the change of auditors and does not contain financial performance data for the period.
Material Changes
- Dismissal of Previous Auditor: The Company dismissed KPMG Huazhen LLP as its independent registered public accounting firm, effective December 6, 2024.
- Appointment of New Auditor: The Company appointed HTL International, LLC as its new independent registered public accounting firm for the fiscal year ended December 31, 2024.
- Approval: Both the dismissal and appointment were approved by the audit committee of the Board of Directors.
Management Commentary, Risks, and Contingencies
Reason for Change: Management explicitly states that the decision to change auditors was not the result of any disagreement with KPMG regarding accounting principles, practices, financial statement disclosure, or auditing scope and procedures.
Historical Audit Opinions: KPMG's reports for the fiscal years ended December 31, 2022, and 2023, did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
Disagreements and Reportable Events: The Company confirmed there were no disagreements with KPMG during the 2022 and 2023 fiscal years or the subsequent period through December 6, 2024, that would have required reference in an audit report. Furthermore, no "reportable events" as defined in Item 16F(a)(1)(v) of Form 20-F occurred.
Consultation with New Auditor: During the relevant periods, neither the Company nor its representatives consulted HTL regarding the application of accounting principles to specified transactions or the type of audit opinion that might be rendered. No written reports or oral advice were provided by HTL that were considered important factors in reaching decisions on accounting or auditing issues.
Key Facts for Investor Verification
- Verify the effective date of the auditor transition (December 6, 2024) and the specific scope of HTL's engagement for the 2024 fiscal year.
- Review the attached Exhibit 16.1 (KPMG's letter) to confirm the former auditor's concurrence with the Company's disclosure regarding the lack of disagreements.
- Monitor future filings (e.g., Form 20-F) to assess whether the change in auditors impacts the timing or nature of the 2024 financial statement audit.
- Confirm that no undisclosed "reportable events" or disagreements exist between the Company and KPMG prior to the dismissal.