Auditor Dismissed; New Firm Appointed Amidst Prior 'Going Concern' Warning
Summary
Sharing Economy International Inc. dismissed its independent auditor, LAO Professionals, and appointed Privatco CPA Limited, with the filing noting the former auditor had issued a 'going concern' warning.
Key Events · Corporate Governance and Compliance · SEII
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Auditor Dismissal
On May 28, 2026, the company dismissed LAO Professionals as its independent registered public accounting firm, with Board approval.
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Prior 'Going Concern' Warning Noted
The filing explicitly states that LAO Professionals' previous audit reports contained a 'substantial doubt about the Company's ability to continue as a going concern'.
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New Auditor Appointed
The company engaged Privatco CPA Limited as its new independent registered public accountants on May 28, 2026.
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No Disagreements Reported
The company stated there were no disagreements with LAO Professionals on accounting principles or audit procedures, nor any reportable events.
Analysis · SEII · Technology
The dismissal of the independent auditor, LAO Professionals, and the appointment of Privatco CPA Limited, is a significant event for a micro-cap company. While no disagreements were cited, the filing explicitly notes that the former auditor's reports included a 'substantial doubt about the Company's ability to continue as a going concern' statement. This highlights ongoing financial instability and raises questions about the company's future financial reporting and viability.
How filings like this one have moved
In the 30 days to Sep 16, 2026, 34.9% of the 1159 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SEII was trading at $0.00 on OTC in the Technology sector, with a market capitalization of approximately $2.3M. The 52-week trading range was $0.00 to $0.01. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.