King Resources Inc.

09/23/2024 | Press release | Distributed by Public on 09/23/2024 06:38

Change in Certifying Accountants Form 8 K

Item 4.01 Change in Registrant's Certifying Accountant

Dismissal of J&S Associate and Engagement of Olayinka Oyebola & Co.

On September 23, 2024, the Board of Directors of OneSolution Technology Inc., a Delaware corporation ("we" or "us"), approved the resignation of J&S Associate PLT ("J&S") as our independent registered public accountant, effective immediately. Except as noted in the paragraph immediately below, the reports of J&S on the Company's consolidated financial statements for the years ended March 31, 2024 and 2023, did not contain an adverse opinion or disclaimer of opinion, and such reports were not qualified or modified as to uncertainty, audit scope, or accounting principle.

The reports of J&S on the Company's consolidated financial statements as of and for the years ended March 31, 2024, and 2023, contained explanatory paragraphs which noted that the Company suffered from an suffered a working capital deficit of $ $3,045,587 and net loss of $1,507,469, which raised doubt about its ability to continue as a going concern.

During the years ended March 31, 2024, and 2023, the Company has not had any disagreements with J&S on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to J&S' satisfaction, would have caused them to make reference thereto in their reports on the Company's consolidated financial statements for such periods.

During the years ended March 31, 2024, and 2023, there were no reportable events, as defined in Item 304(a)(1)(v) of Regulation S-K.

We have requested that J&S furnish us with a letter addressed to the Commission stating whether it agrees with the above statements. A copy of this letter is included herewith as Exhibit 16.1.

Concurrently therewith, we retained the firm of Olayinka Oyebola & Co. ("Olayinka"), to audit our consolidated financial statements for our fiscal year ending March 31, 2025.

During the fiscal years ended March 31, 2024, and 2023, and through the date of this Form 8-K, neither the Company nor anyone acting on its behalf consulted Olayinka regarding (1) 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 consolidated financial statements, and Olayinka did not provide either a written report or oral advice to the Company that was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue, (2) any matter that was either the subject of a disagreement with J&S on accounting principles or practices, financial statement disclosure or auditing scope or procedures, which, if not resolved to the satisfaction of J&S, would have caused J&S to make reference to the matter in their report, or a "reportable event" as described in Item 304(a)(1)(v) of Regulation S-K of the SEC's rules and regulations.