Autozi Internet Technology (Global) Ltd.

Autozi Internet Technology (Global) Ltd. announced the engagement of Assentsure PAC as its new independent auditor for the fiscal year ending September 30, 2026, effective June 4, 2026. This change follows the identification of material weaknesses in the company's internal controls during the fiscal years 2024 and 2025. These weaknesses include a lack of accounting staff with appropriate knowledge of U.S. GAAP and SEC reporting requirements, as well as inadequate internal file management procedures. The previous auditor, Marcum Asia, confirmed no disagreements on accounting matters, apart from these reported weaknesses.

Autozi Internet Technology (Global) Ltd. reported a net loss of $13.8 million for the first half of fiscal year 2026, a 163.5% increase from the prior year. Revenues decreased by 63.1% to $29.5 million, primarily due to disruptions in oil supply affecting the lubricant market and a strategic shift towards the new energy vehicle sector. Gross profit also saw a substantial decline of 82.5% to $0.24 million, while operating expenses increased by 64.6% to $15.6 million due to higher financing costs.

Autozi Internet Technology reported unreviewed financial results for the first half of fiscal year 2026, with revenues decreasing by 63.1% to $29.5 million. This decline was attributed to disruptions in oil supply affecting the lubricant market and a strategic shift towards the new energy vehicle sector. The company's net loss attributable to ordinary shareholders significantly widened by 163.5% to $13.8 million, primarily due to short-term strategic investment expenses and increased operating investment during its business transformation.

Autozi Internet Technology (Global) Ltd. filed an Amendment No. 1 to its Current Report on Form 6-K, originally filed on April 21, 2026. The amendment was solely to correct the spelling of a newly elected director's name from "Haiyn Si" to "Hanyun Si". No other items of the original filing were amended.