Business Context and Reporting Period
This Form 6-K filing by Phaos Technology Holdings (Cayman) Limited covers the month of April 2026. The report discloses a material change in the Company's independent registered public accounting firm, effective March 31, 2026.
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 the change of auditors.
Material Changes
- Dismissal of Previous Auditor: Kreit & Chiu CPA LLP was dismissed effective March 31, 2026. Their reports for fiscal years ended April 30, 2025, 2024, and 2023 did not contain adverse opinions, though the 2025 report included an explanatory paragraph regarding the Company's ability to continue as a going concern.
- Appointment of New Auditor: AssentSure PAC was appointed as the new independent registered public accounting firm, effective March 31, 2026.
- No Disagreements: The Company reported no disagreements with the former auditor regarding accounting principles, practices, or auditing scope during the two most recent fiscal years or through the date of dismissal.
Guidance, Outlook, and Risks
The filing does not contain management guidance, financial outlook, or new risk factors. The primary risk context provided is the historical "going concern" explanatory paragraph noted in the former auditor's report for the fiscal year ended April 30, 2025.
Investor Verification Checklist
- Verify the content of the letter from Kreit & Chiu (Exhibit 16.1) to confirm their agreement with the Company's statements regarding the dismissal.
- Review the most recent audited financial statements to assess the status of the "going concern" uncertainty noted for the fiscal year ended April 30, 2025.
- Confirm the engagement terms and scope of the new auditor, AssentSure PAC, in subsequent filings.