HONG
KONG, April 4, 2024 /PRNewswire/ -- Metalpha
Technology Holding Limited (Nasdaq: MATH) (the
"Company" or "Metalpha"), a global
digital asset-focused wealth management company, announced today
the appointment of OneStop Assurance PAC as its independent
registered public accounting firm, effective on April 3, 2024,
in connection with the audit of the Company's consolidated
financial statements for the fiscal year ended March 31, 2024. OneStop Assurance PAC succeeds
WWC, P.C., which previously was the independent registered
accounting firm providing audit services to the Company. The change
of the Company's independent registered public accounting firm was
made after a careful and thorough evaluation process and has been
approved by Metalpha's Audit Committee and the Board of
Directors.
WWC, P.C.'s audit reports on the Company's consolidated
statements of financial position as of March
31, 2023 and 2022, and consolidated statements of profit or
loss and comprehensive loss, changes in equity, and cash flows for
each of the years in the three-year period ended March 31, 2023 along with related notes did not
contain any adverse opinion or disclaimer of opinion, nor were they
qualified or modified as to uncertainty, audit scope or accounting
principles, except for an explanatory paragraph in such reports
regarding substantial doubt about the Company's ability to continue
as a going concern. During the fiscal years ended March 31, 2021, 2022 and 2023 and the subsequent
interim period preceding April 4,
2024, there has been no disagreements between the Company
and WWC, P.C. on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure,
which, if not resolved to the satisfaction of WWC, P.C., would have
caused it to make reference to the disagreements in its audit
reports.
The Company provided WWC, P.C. with a copy of the above
disclosures and requested that WWC, P.C. furnished the
Company with a letter addressed to the Securities and Exchange
Commission ("SEC") stating whether or not it agrees
with the statements made above. A copy of WWC, P.C.'s letter dated
April 4, 2024 is attached as Exhibit
16.1 to the Form 6-K furnished with the SEC on April 4, 2024.
About Metalpha Technology Holding Limited
Founded in 2015, Metalpha Technology Holding Limited (Nasdaq:
MATH) went public on October 20,
2017. The listed Company is dedicated to providing investing
and digital asset-focused wealth management services with a
full-service, institutional-grade platform. With dedicated
blockchain expertise, the Company aims to become a leader in the
field of digital asset-focused wealth management services, bringing
robust innovation and transparency to the customers and businesses
it serves.
Forward-Looking Statements
This press release contains statements that may constitute
"forward-looking" statements pursuant to the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "aims,"
"future," "intends," "plans," "believes," "estimates," "likely to"
and similar statements. Management has based these forward-looking
statements on its current expectations, assumptions, estimates and
projections. While they believe these expectations, assumptions,
estimates and projections are reasonable, such forward-looking
statements are only predictions and involve known and unknown risks
and uncertainties, many of which are beyond management's control.
These statements involve risks and uncertainties that may cause
Metalpha's actual results, performance or achievements to differ
materially from any future results, performance or achievements
expressed or implied by these forward-looking statements.
Contact
Yiwei Wang
info@metalpha.finance
View original
content:https://www.prnewswire.com/news-releases/metalpha-appoints-onestop-assurance-pac-as-its-new-auditor-302108598.html
SOURCE Metalpha Technology Holding Limited
