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OneSolution Technology Inc. (OTC:KRFG), a Delaware-based company specializing in power distribution and specialty transformers, has reported a change in its certifying accountant, according to a recent 8-K filing with the Securities and Exchange Commission. The filing, dated May 27, 2025, indicates that the company’s Board of Directors accepted the resignation of Olayinka Oyebola & Co. as its independent registered public accountant on May 22, 2025.
The resignation of Olayinka Oyebola & Co. came before the firm began audit work on the company’s financial statements for the fiscal year ended March 31, 2025. Consequently, no reports were issued by Olayinka on OneSolution Technology’s consolidated financial statements. Prior to Olayinka’s engagement, the company’s financial statements for the fiscal years ended March 31, 2024, and March 31, 2023, were audited by J&S Associate PLT. There were no reportable events during those years as defined in Item 304(a)(1)(v) of Regulation S-K.
In conjunction with the resignation of Olayinka Oyebola & Co., OneSolution Technology has engaged Lao Professional to audit the consolidated financial statements for the fiscal year ending March 31, 2025. During the fiscal years ended March 31, 2024, and 2023, and up to the date of the 8-K filing, the company did not consult Lao Professional on any accounting principles or significant reporting issues that would have influenced their consolidated financial statements.
The company has requested a letter from Olayinka Oyebola & Co. to confirm their agreement with the statements made in the 8-K filing. This letter is included in the filing as Exhibit 16.2.
This change in the company’s independent registered public accountant is disclosed in accordance with the SEC’s regulations and does not reflect any disagreements or issues with the previous accountant’s reports on the company’s financial statements. The information provided is based on the press release statement filed with the SEC.
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