On March 30, 2026, China Foods Holdings Ltd. filed an 8-K report with the SEC detailing significant changes in its auditing arrangements. The company accepted the resignation of its previous independent registered public accounting firm, J & S Associate PLT, effective March 5, 2026. The resignation was approved by the company's Board of Directors. Notably, the reports from J & S Associate PLT for the fiscal years ending December 31, 2025, and 2024 did not contain any adverse opinions or disclaimers, indicating that the financial statements were in good standing during their tenure. Furthermore, the company has engaged BZ CPA Inc. as its new independent registered public accounting firm, effective March 20, 2026. This transition is expected to enhance the company's financial oversight and reporting capabilities. The filing also included a letter from J & S Associate PLT confirming their agreement with the statements made by the company regarding the change in auditors. This change is categorized as administrative and is not expected to have a significant impact on the company's stock price, hence the rating of 4, indicating a small negative effect due to the transition period and potential uncertainties associated with new auditors.

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