Hanryu : Change in Certifying Accountants - Form 8-K
October 27, 2023 at 04:04 pm EDT
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Item 4.01 Termination of Registrant's Certifying Accountant
(a)
On August 9, 2023 the Audit Committee (the "Committee") of the Board of Directors of Hanryu Holdings, Inc. (the "Company") engaged OneStop Assurance, PAC (the "OneStop") for limited purpose of conducting an independent review of the Company's financial statement.
(b)
Upon satisfactory performance by the OneStop, the Committee recommended to the Board of Directors to retain the OneStop Ass as the Company's independent registered public accounting firm.
(c)
Upon review by the Board of Directors of the Committee's recommendation, the Board determined to not to extend BF Borgers CPA, PC's contract as the Company's independent registered public accounting firm.
(d)
During the year ended December 31, 2022 and 2021 and the subsequent interim period through August 9, 2023, there was no disagreements with BF Borgers CPA, PC (the "BF Borgers") on any matter of accounting principals or practices, financial statement disclosure, or auditing scope or procedure, which, if not resulted to the BF Borgers 's satisfaction, would have used it to make reference to the subject matter to disagreement(s) in connection with its report.
(e)
The Company has furnished the BF Borgers with a copy of the foregoing disclosure and requested the BF Borgers to furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the foregoing statements. A copy of the letter of the BF Borgers to the Securities and Exchange Commission, dated October 25, 2023, is attached as an exhibit hereto.
(f)
During the two most recent fiscal years and in the subsequent interim period through August 9, 2023, the Company has not consulted with the OneStop with respect to the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that would have been rendered on the Company's consolidated financial statements, or any other matters set forth in Item 304(a)(2)(i) or (ii) of Regulation S-K.
Hanryu Holdings Inc. published this content on 27 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2023 20:03:01 UTC.
Hanryu Holdings Inc is a media tech holding company. The Company operates its businesses through subsidiaries including Hanryu Bank Co Ltd, FNS Co Ltd, Hanryu Times Co Ltd, Fantoo Entertainment Co Ltd, Marine Island Co Ltd, and its majority owned subsidiary, K-Commerce Co Ltd. Hanryu Bank Co Ltd mainly engaged in the management of the operations of the FANTOO platform, and provide research and development regarding the FANTOO platformâs future product and service offerings. FNS Co Ltd operates the FANTOO platform, mainly focusing on marketing activities and distributing content throughout the FANTOO platform. K-Commerce Co., Ltd. is mainly engaged in developing and maintaining the e-commerce platform SelloveLive.
HANRYU HOLDINGS, INC. 
