SHARING ECONOMY INTERNATIONAL INC. 8-K

What Happened

• SHARING ECONOMY INTERNATIONAL INC. notified LAO Professionals that it had dismissed LAO Professionals as its independent registered public accounting firm; the Board recommended and approved the dismissal. LAO Professionals' audit reports for the years ended December 31, 2025 and 2024 included no adverse or qualified opinions but stated there is substantial doubt about the Company’s ability to continue as a going concern.
• On May 28, 2026, the Company engaged Privatco CPA Limited as its new independent registered public accounting firm; Privatco has accepted the appointment. The Company reported no disagreements with LAO Professionals for the years ended December 31, 2025 and 2024 or the subsequent interim period through the dismissal. A letter from LAO Professionals dated June 3, 2026 is attached as Exhibit 16.1.

Key Details

• Auditor change approved: LAO Professionals dismissed; Privatco CPA Limited engaged on May 28, 2026.
• LAO's prior audit reports (Dec 31, 2025 & 2024) contained a going-concern statement (substantial doubt) but no adverse or qualified opinions.
• The Company reported no disagreements or reportable events under Item 304(a) of Regulation S-K with LAO Professionals.
• The Company did not consult Privatco during the two most recent fiscal years or the interim period before engagement on accounting or audit matters.

Why It Matters

• An auditor change is material for investors because it affects who will review and opine on the company’s financial statements going forward. The prior auditor’s going-concern language for 2024 and 2025 is a substantive, disclosed fact that signals financial stress and should be considered when evaluating the company’s near-term viability.
• The filing states there were no disagreements with the former auditor and no reportable events, which reduces immediate regulatory concern about the reason for the change. Investors should watch upcoming periodic filings (quarterly/annual reports and the next auditor’s reports) for continuity of audit opinion, any changes in accounting treatment, and management discussion of liquidity and going-concern status.