Jinxin Technology Holding Company has announced a change in its independent registered public accounting firm, dismissing WWC, P.C. and appointing Summit Group CPAs, P.C. (SG CPA) as its new auditor effective July 11, 2025. This decision, approved by the company's board of directors and audit committee, follows the identification of material weaknesses in its accounting and financial reporting processes. These weaknesses were highlighted in the company's annual report on Form 20-F for the fiscal year ended December 31, 2024, and relate to a lack of sufficient personnel with the appropriate knowledge of U.S. GAAP and SEC financial reporting requirements. During fiscal years 2023 and 2024, Jinxin Technology did not consult with SG CPA on any accounting principles or auditing issues. WWC's audit report for the past three fiscal years did not contain any adverse opinions, but the company is seeking to address its internal control deficiencies with this change.
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