Santech Holdings Appoints New Auditor
Ticker: BVC · Form: 6-K · Filed: Jan 22, 2025 · CIK: 1785680
Sentiment: neutral
Topics: auditor-change, administrative
TL;DR
Santech Holdings swapped auditors on Jan 22, 2025. New firm is Audit Alliance LLP.
AI Summary
On January 22, 2025, Santech Holdings Limited announced a change in its auditor. The Audit Committee has approved the appointment of Audit Alliance LLP, replacing the previous auditor. This change is effective immediately.
Why It Matters
A change in auditor can signal a shift in financial oversight or a response to previous audit findings, potentially impacting investor confidence.
Risk Assessment
Risk Level: low — This filing is a routine administrative update regarding a change in auditor and does not involve significant financial or operational changes.
Key Players & Entities
- Santech Holdings Limited (company) — Registrant
- Audit Alliance LLP (company) — Newly appointed auditor
- January 22, 2025 (date) — Date of announcement
FAQ
What is the name of the new auditor appointed by Santech Holdings Limited?
The new auditor appointed by Santech Holdings Limited is Audit Alliance LLP.
When was the appointment of the new auditor approved?
The appointment of the new auditor was approved on January 22, 2025.
Which committee approved the appointment of the new auditor?
The Audit Committee of Santech Holdings Limited approved the appointment of the new auditor.
Is this filing related to annual financial reports?
This filing is a Form 6-K, which is a Report of Foreign Private Issuer, and is filed for the month of January 2025, not specifically for annual reports.
What was the previous auditor?
The filing does not explicitly state the name of the previous auditor, only that Audit Alliance LLP is replacing them.
Filing Stats: 398 words · 2 min read · ~1 pages · Grade level 17.1 · Accepted 2025-01-22 06:01:15
Filing Documents
- tm253984d1_6k.htm (6-K) — 11KB
- 0001104659-25-004993.txt ( ) — 12KB
From the Filing
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of January 2025 Commission File Number: 001-40238 SANTECH HOLDINGS LIMITED Level 15, AIA Central, No.1 Connaught Road Central Central, Hong Kong (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Change of Auditor On January 22, 2025, Santech Holdings Limited (“the Company”) announced that its Audit Committee has approved the appointment of Audit Alliance LLP (“Audit Alliance”) as the Company’s independent registered public accounting firm. The Audit Committee has dismissed Marcum Asia CPAs LLP (“Marcum Asia”) as its independent registered public accounting firm, effective from November 15, 2024. The Company’s decision to change auditor was due to significant changes in the Company’s business focuses and scale recently as previously disclosed, and not as a result of any disagreement between the Company and MarcumAsia on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures. The audit services previously provided by MarcumAsia will be provided by Audit Alliance. Audit Alliance is a PCAOB-registered CPA firm headquartered in Singapore. Other Events: Filing of Compliance Plan with Nasdaq Additionally, the Company announced that it has submitted a compliance plan to The Nasdaq Stock Market (“Nasdaq”) to support its request for an extension of time to regain compliance with the Nasdaq continued listing requirements. In its compliance plan to Nasdaq, the Company sets out the plan and timeline to file its Annual Report on Form 20-F for the financial year ended June 30, 2024 and become current with its reporting requirement within the discretionary period available to the Nasdaq staff to grant. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Santech Holdings Limited By: /s/ Lawrence Lok Name: Lawrence Lok Title: Acting Chief Executive Officer Date: January 22, 2025