Origin Tea Inc. has filed a Current Report on Form 8-K announcing a change in its independent registered public accounting firm. The company dismissed Boladale Lawal & Co. (Chartered Accountants) as its auditor, effective September 22, 2026. The Board of Directors, acting as the audit committee, approved the dismissal. The company stated that the former auditor’s report on the financial statements as of July 31, 2025 and 2024, and for the years then ended, did not contain an adverse opinion or disclaimer of opinion. However, the report included explanatory language regarding substantial doubt about the company’s ability to continue as a going concern.
Origin Tea Inc. reported that there were no disagreements between the company and Boladale on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure during the fiscal years ended July 31, 2025 and July 31, 2024, nor during the subsequent interim period through September 22, 2026. The company has authorized Boladale to respond fully to inquiries from the successor auditor. A copy of Boladale’s letter regarding the change is filed as Exhibit 16.1 to the report.
On the same day, September 22, 2026, the company engaged TQ International, PLLC (TQI) as its new independent registered public accounting firm. TQI will audit the Company’s consolidated financial statements for the fiscal year ended July 31, 2026. The company disclosed that neither it nor anyone acting on its behalf consulted TQI regarding the application of accounting principles to a specified transaction or the type of audit opinion that might be rendered during the periods prior to the engagement.
