Feutune Light Acquisition Corporation

08/02/2024 | Press release | Distributed by Public on 08/02/2024 14:01

Change in Certifying Accountants Form 8 K

Item 4.01 Change in Registrant's Certifying Accountant.

(a) Dismissal of Independent Registered Public Accounting Firm.

On August 1, 2024, the Audit Committee (the "Audit Committee") of the Board of Directors (the "Board") of Thunder Power Holdings, Inc. (f/k/a "Feutune Light Acquisition Corporation", the "Company") dismissed MaloneBailey, LLP ("MaloneBailey"), the Company's independent registered public accounting firm. MaloneBailey's report on the Company's financial statements as of December 31, 2023 and 2022, and for the year ended December 31, 2023 and for the period from January 19, 2022 (inception) through December 31, 2022, contained an emphasis of a matter for going concern, but otherwise did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles.

During the period from January 19, 2022 (inception) through July 31, 2024, there were no: (i) disagreements with the Company on any matter of accounting principles or practices, financial statement disclosures or audit scope or procedures, which disagreements if not resolved to the Company's satisfaction would have caused the Company to make reference to the subject matter of the disagreement in connection with its report or (ii) "reportable events," as defined in Item 304(a)(1)(v) of Regulation S-K.

The Company has provided MaloneBailey with a copy of the disclosures made by the Company in response to this Item 4.01 in this Current Report on Form 8-K (the "Current Report") and has requested that MaloneBailey furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements made by the Company in response to Item 304(a) of Regulation S-K and, if not, stating the respects in which it does not agree. A letter from MaloneBailey is attached as Exhibit 16.1 to this Current Report.

(b) Engagement of New Independent Registered Public Accounting Firm.

On August 1, 2024, the Audit Committee of the Board approved the engagement of Assentsure PAC ("Assentsure") as the Company's independent registered public accounting firm to audit the Company's consolidated financial statements for the year ending December 31, 2024, effective immediately.

During the period from January 19, 2022 (inception) through December 31, 2023, neither the Company, nor any party on behalf of the Company, consulted Assentsure regarding either (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements, and no written report or oral advice was provided to the Company by Assentsure that was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue, or (ii) any matter that was either the subject of a "disagreement," as defined in Item 304(a)(1)(iv) of Regulation S-K, or a "reportable event," as defined in Item 304(a)(1)(v) of Regulations S-K.