Business Context and Reporting Period
This Form 6-K filing by Eshallgo Inc. (a foreign private issuer) covers the month of November 2025, with a specific reporting date of November 18, 2025. The filing 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. This report is a disclosure of corporate governance changes rather than a financial performance statement.
Material Changes
- Dismissal of Previous Auditor: Effective November 18, 2025, the Company dismissed YCM CPA INC. This action was approved by the Board of Directors and the Audit Committee.
- Appointment of New Auditor: Effective November 18, 2025, the Company appointed Felix CPAs LLC as its new independent registered public accounting firm.
- Audit History: Reports by YCM CPA INC. for the fiscal year ended March 31, 2025, did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, scope, or accounting principles.
- Disagreements: There were no disagreements with YCM CPA INC. regarding accounting principles, practices, or auditing scope during the most recent fiscal year or through the date of dismissal.
Outlook, Risks, and Contingencies
Reportable Events and Internal Controls: The filing discloses a material weakness related to the Company's internal control over financing reporting, previously disclosed in the Form 20-F for the fiscal year ended March 31, 2024. This weakness includes:
- Lack of sufficient personnel with appropriate accounting knowledge and experience to address complex U.S. GAAP issues.
- Lack of proper IT control related to logical access security.
Consultations with New Auditor: Prior to the engagement of Felix CPAs LLC, the Company did not consult them regarding the application of accounting principles to specified transactions or the type of audit opinion that might be rendered. No matters subject to disagreement or reportable events were discussed with the new firm.
Investor Verification Checklist
- Verify the attached Exhibit 16.1 (Letter from YCM CPA INC.) to confirm the former auditor agrees with the statements regarding the dismissal and lack of disagreements.
- Review the Company's most recent Form 20-F to assess the status of the disclosed material weaknesses in internal controls over financing reporting.
- Confirm the qualifications and registration status of the new auditor, Felix CPAs LLC, with the PCAOB.
- Monitor future filings for any restatements or additional disclosures related to the internal control weaknesses cited in this report.