{"url_path":"/sec/hiho/10-k/2026/item-16f","section_key":"item-16f","section_title":"Item 16F Change in Registrant’s Certifying Accountant**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-07-14","source_url":"https://www.sec.gov/Archives/edgar/data/1026785/0001213900-26-077959-index.html","accession_number":"0001213900-26-077959","cik":"0001026785","ticker":"HIHO","issuer_name":"HIGHWAY HOLDINGS LTD","edgar_url":"https://www.sec.gov/Archives/edgar/data/1026785/0001213900-26-077959-index.html","primary_entity_key":"0001026785","primary_entity_name":"HIGHWAY HOLDINGS LTD"},"word_count":488,"has_tables":true,"body_markdown":"** **\n\n**Item 16F. Change in Registrant’s Certifying Accountant**\n\n \n\nOn March 7, 2025, the Company appointed Marcum\nAsia as the Company’s independent registered public accounting firm to replace ARK, the Company’s former independent auditor.\nThe appointment of Marcum Asia was made after careful consideration and evaluation by the Company, and was approved by the Board of Directors\nand the Audit Committee of the Company.\n\n \n\nARK’s audit reports on the Company’s\nconsolidated financial statements for the fiscal year ended March 31, 2024 did not contain an adverse opinion or disclaimer of opinion,\nand was not qualified or modified as to uncertainty, audit scope or accounting principles. During the Company’s fiscal year March\n31, 2024 and through the subsequent interim period on or prior to December 23, 2024, there were no disagreements between the Company and\nARK on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements,\nif not resolved to the satisfaction of ARK, would have caused ARK to make reference to the subject matter of the disagreements in connection\nwith its report on the Company’s consolidated financial statements for such periods.\n\n \n\nFor the fiscal year ended March 31, 2024, or subsequently\nup to December 23, 2024, there were no “reportable events” as such term is described in Item 16F(a)(1)(v) of Form 20-F, other\nthan the material weaknesses reported by the Company in Item 15. Controls and Procedures on Form 20-F filed with the SEC on July 16, 2024\nand on June 30, 2025, which material weaknesses, as described in Item 15 of this annual report, have since been remediated as of March\n31, 2026.\n\n \n\n63\n\n \n\n \n\nDuring the Company’s fiscal year ended March\n31, 2024, and through the subsequent interim period on or prior to March 7, 2025, neither the Company nor anyone on its behalf has consulted\nwith Marcum Asia on either (a) the application of accounting principles to a specified transaction, either completed or proposed, or the\ntype of audit opinion that might be rendered on the Company’s financial statements, or (b) any matter that was the subject of a\ndisagreement, as that term is defined in Item 16F(a)(1)(iv) of Form 20-F (and the related instructions thereto).\n\n \n\nThe appointment of Marcum Asia to replace ARK was\nreported by the Company in a report on Form 6-K that was filed with the SEC on March 7, 2025. In accordance with Item 304(a)(3) of Regulation\nS-K, the Company provided ARK with a copy of the statements set forth in the March 7, 2025 Form 6-K filing with the SEC. The Company requested\nthat ARK furnish the Company with a letter addressed to the SEC stating whether ARK agrees with the statements in the Form 6-K filed with\nthe SEC on March 7, 2025, as required by SEC rules, and ARK has furnished the requested letter, which is attached as Exhibit 99.1 to the\nForm 6-K filed with the SEC on March 7, 2025."}