Item 4.01 Change in Registrant's Certifying Accountant
(a) On November 8, 2022, Sharing Economy International Inc. (the "Company")
notified BF Borgers CPA PC ("BF Borgers") that the Company had dismissed BF
Borgers as the independent registered public accounting firm of the Company. The
Board of Directors of the Company recommended and approved the dismissal.
The reports of BF Borgers regarding the Company's financial statements as of
December 31, 2021 and the related consolidated statements of operations and
comprehensive loss, consolidated statements of changes in stockholders' equity,
and consolidated statements of cash flows for the years then ended, contained no
adverse opinion or disclaimer of opinion, nor were they qualified or modified as
to uncertainty, audit scope, or accounting principle. The reports of BF Borgers,
however, stated that there is substantial doubt about the Company's ability to
continue as a going concern.
For the years ended December 31, 2021, and during the subsequent interim period
through the date of dismissal, the Company had no disagreement with BF Borgers
on any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which disagreement, if not resolved
to the satisfaction of BF Borgers, would have caused them to make reference
thereto in their report on the Company's financial statements for such year
ended December 31, 2021. There were no reportable events, as listed in Item
304(a)(1)(v) of Regulation S-K.
The Company provided BF Borgers a copy of the above disclosures and requested BF
Borgers to furnish a letter addressed to the Securities and Exchange Commission
stating whether or not it agrees with the above statements. BF Borgers's
response is attached as Exhibit 16.1 to this Current Report on Form 8-K.
(b) On November 8, 2022, the Company resolved to engage the independent
registered public accounting firm of Olayinka Oyebola & Co. (Chartered
Accountants) ("Olayinka Oyebola"), the Company's new independent registered
public accountants, which appointment Olayinka Oyebola has accepted.
During the two most recent fiscal years and the interim period preceding the
engagement of Olayinka Oyebola, the Company has not consulted with Olayinka
Oyebola regarding either: (i) the application of accounting principles, (ii) the
type of audit opinion that might be rendered by Exelient or (iii) any other
matter that was the subject of disagreement between the Company and its former
auditor as described in Item 304(a)(1)(iv), or a reportable event as described
in paragraph 304(a)(1)(v), of Regulation S-K. The Company did not have any
disagreements with Exelient and therefore did not discuss any past disagreements
with Olayinka Oyebola.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
16.1 Letter from BF Borgers CPA PC, dated November 11, 2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
1
© Edgar Online, source Glimpses
SHARING ECONOMY INTERNATIONAL INC. 
