04/10/2026 | Press release | Distributed by Public on 04/10/2026 13:23
ITEM 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) Previous independent registered public accounting firm
On April 10, 2026, Jubilant Flame International, LTD (the "Company") accepted the resignation of KCCW Accountancy Corp Certified Public Accountants ("KCCW") as its independent registered public accounting firm. The reports of KCCW Accountancy Corp regarding the Company's financial statements for the fiscal years ended February 28, 2025 and February 29, 2024 did not contain an adverse opinion or disclaimer of opinion and were not modified as to uncertainty, audit scope, or accounting principles, except each report did contain an explanatory paragraph related to the Company's ability to continue as a going concern.
The Company's Board of Directors participated in and approved the decision to change independent registered public accounting firms.
During the Company's fiscal years February 28, 2025 and February 29, 2024, there were (i) no disagreements with KCCW Accountancy Corp on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of KCCW Accountancy Corp would have caused KCCW Accountancy Corp to make reference to the subject matter of the disagreements in connection with its report, and (ii) with the exception of material weaknesses related to reconciliation of various accounts, lack of precision and accuracy to properly reflect in the financial statements, no "reportable events" as that term is defined in Item 304(a)(1)(v) of Regulation S-K.
The Company provided KCCW Accountancy Corp with a copy of the foregoing disclosures and requested KCCW Accountancy Corp to furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether or not KCCW Accountancy Corp agrees with the disclosures. A copy of the letter provided by KCCW Accountancy Corp is filed as Exhibit 16.1 to this Current Report on Form 8-K.
(b) New Independent Registered Public Accounting Firm
On April 10, 2026, the Company engaged WWC, Professional Corporation , Certified Public Accountants ("WWC") as the Company's new independent registered public accounting firm. During the two most recent fiscal years and through April 8, 2026, the Company had not consulted with WWC regarding any of the following:
The application of accounting principles to a specific transaction, either completed or proposed; The type of audit opinion that might be rendered on the Company's financial statements, and none of the following was provided to the Company: (a) a written report, or (b) oral advice that WWC concluded was an important factor considered by the Company in reaching a decision as to accounting, auditing or financial reporting issue; or Any matter that was subject of a disagreement, as that term is defined in Item 304(a)(1)(iv) of Regulation S-K.