Business Context and Reporting Period
This Form 6-K filing by Raytech Holding Limited covers the month of April 2025, with the report dated May 21, 2025. The filing discloses a change in the Company's independent registered public accounting firm.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly a disclosure of auditor changes and does not contain financial performance data.
Material Changes
- Auditor Change: On April 10, 2025, the Company appointed Assentsure PAC as its new independent registered public accounting firm, effective immediately.
- Former Auditor: WWC, P.C. was dismissed on April 9, 2025.
- Reason for Change: The Company states the decision was not the result of any disagreement with WWC regarding accounting principles, financial statement disclosure, or auditing scope.
- Prior Audit Opinions: WWC's reports for fiscal years ended March 31, 2023, and 2024 did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty or scope.
- Reportable Events: No reportable events occurred during the two most recent fiscal years through April 9, 2025, except for material weaknesses in internal control over financial reporting previously disclosed in the Form 20-F filed on July 30, 2024.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, or management commentary regarding future financial performance. The primary risk disclosed relates to the previously reported material weaknesses in internal controls. The Company confirmed that no consultations were held with the new auditor, Assentsure, regarding accounting principles or potential audit opinions prior to their engagement.
Investor Verification Checklist
- Verify the status of the material weaknesses in internal control over financial reporting disclosed in the July 30, 2024, Form 20-F.
- Review the letter from the former auditor, WWC, P.C. (Exhibit 16.1), to confirm their agreement with the Company's statements regarding the dismissal.
- Monitor future filings to assess the new auditor's initial findings and any impact on the audit opinion for the upcoming fiscal period.