Haoxin Holdings Discloses Material Weaknesses in Internal Controls

Reuters12-04

Haoxin Holdings Discloses Material Weaknesses in Internal Controls

Haoxin Holdings Ltd. recently disclosed the identification of several material weaknesses in its internal controls by its former independent auditor, Marcum Asia CPAs LLP. The weaknesses include a lack of accounting staff with expertise in U.S. GAAP and SEC compliance, insufficient independent directors, the absence of a formal risk assessment process, and inadequate information technology general controls in areas such as risk management, vendor management, system change management, backup and recovery, system access, and segregation of duties. The company is currently working to address these issues.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Haoxin Holdings Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-118080), on December 04, 2025, and is solely responsible for the information contained therein.

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