Business Context and Reporting Period
Company: NaaS Technology Inc. (Nasdaq: NAAS), the first U.S. listed EV charging service company in China.
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: April 10, 2024
Principal Office: Beijing, China
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and auditor changes.
Material Changes
- Dismissal of Auditor: The Company dismissed Ernst & Young Hua Ming LLP ("EY") as its independent registered public accounting firm.
- Appointment of New Auditor: Centurion ZD CPA & Co. ("Centurion") was appointed on April 5, 2024, to audit consolidated financial statements for the fiscal year ended December 31, 2023.
- Audit Status: EY had not completed the audit for the fiscal year ended December 31, 2023, nor rendered reports on internal controls as of the dismissal date.
Management Commentary, Risks, and Contingencies
- Disagreements: The Company reported no disagreements with EY regarding accounting principles, practices, or audit scope during the 2022 audit or the period through April 2, 2024.
- Reportable Events: No reportable events occurred other than the material weaknesses previously disclosed in Item 15 of the Company's 2022 Form 20-F.
- Transition Plan: Management is working with both firms to ensure a seamless transition.
- Historical Opinion: EY's 2022 audit report contained no adverse, qualified, or modified opinions.
Investor Verification Checklist
- Verify the timeline for Centurion ZD CPA & Co. to complete the 2023 fiscal year audit.
- Review the specific material weaknesses in internal controls disclosed in the 2022 Form 20-F.
- Confirm the rationale for the auditor change beyond the stated transition details.
- Monitor for any future filings regarding the completion of the 2023 financial statements.