Filing Overview
CDT Environmental Technology Investment Holdings Limited filed a Form 6-K for April 2024. The filing reports a change in the Company’s independent registered public accounting firm; it does not provide operating or financial results for a reporting period.
Material Event
- Effective April 25, 2024, the Company dismissed Wei, Wei & Co., LLP.
- Effective April 26, 2024, the Company engaged Enrome LLP as its independent registered public accounting firm.
- The change was approved by the audit committee of the board of directors.
Auditor Matters
- Wei, Wei’s reports on the Company’s consolidated financial statements for the fiscal years ended December 31, 2022 and 2021 contained neither an adverse opinion nor a disclaimer of opinion and were not qualified or modified for uncertainty, audit scope, or accounting principles.
- Wei, Wei did not audit the Company’s consolidated financial statements for the fiscal year ended December 31, 2023.
- For the two most recent fiscal years and the subsequent interim period through April 25, 2024, the Company reported no disagreements with Wei, Wei regarding accounting principles, disclosures, or audit scope or procedures.
- The Company also reported no reportable events during that period.
- The Company stated that it had not consulted Enrome LLP during the relevant period regarding specific accounting matters, potential audit opinions, disagreements, or reportable events before engaging the firm.
Financial Metrics and Outlook
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, guidance, forecasts, or other operating metrics. It also does not identify any business contingency or unusual financial item beyond the auditor transition.
Exhibit and Verification Items
- Exhibit 16.1 is a letter from Wei, Wei & Co., LLP dated April 26, 2024 addressing the auditor-change disclosures.
- Investors should verify the contents of the former auditor’s letter, including whether it agrees with the Company’s disclosures.
- Investors should review the Company’s subsequent Form 20-F or other filings for the status of the 2023 audit and any effects of the change in auditors.
- The filing does not explain the substantive reason for the auditor change beyond stating that it followed the Company’s consideration and audit committee approval.