What changed in this filing

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Item 8. Financial Statements and Supplementary Data

2026-03-31 compared with 2025-03-27 · 51 added, 3 removed, 3 unchanged (95% of the section changed)

FINANCIAL STATEMENTS AND SUPPLEMENTARY

Our audited financial statements for the years

ended December 31, 2024, and 2023 are set forth on pages F-1 to F-23 immediately following the signature page to this annual report.

Item 15 for a list of the financial statements included herein.

Our audited financial statements for the years ended December 31, 2025

and 2024 are set forth on pages F-1 to F-28 immediately following the signature page to this annual report.

See Item 15 for a list of

the financial statements included herein.

Nasdaq Compliance Matters

The Company’s common stock is listed on

the Nasdaq Capital Market.

During 2025, the Company resolved three separate listing deficiencies:

(i) a minimum bid price deficiency received

on April 14, 2025, cured on May 28, 2025;

(ii) an annual meeting deficiency received on January 7, 2025, cured on June 24, 2025;

a delisting notice received on August 25, 2025, alleging the Company was a “public shell” under Rule 5101.

Following the Company’s request for a hearing

and subsequent submissions to Nasdaq, on September 29, 2025, the Staff of Nasdaq withdrew the delisting notice, confirming the Company

is not a “public shell”.

As of the date of these financial statements, the Company is in compliance with all applicable Nasdaq

continued listing requirements.

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS

ON ACCOUNTING AND FINANCIAL DISCLOSURE

Change in Independent Registered Public Accounting

Following discussions among the Audit Committee

of the Board of Directors (the “Audit Committee”) of Next Technology Holding Inc.

(the “Company”), on January

21, 2026, the Audit Committee and management of the Company elected to change the Company’s independent registered public accounting

firm by dismissing JWF Assurance PAC (“JWF”) and engaging CHI-LLTC (“CHI”), with the change becoming effective

on that date.

The decision to change the Company’s independent registered public accounting firm from JWF to CHI was based on the

Company’s desire to engage an accounting firm that it believes will be a better fit for the Company’s operations and easier

to collaborate with going forward.

The change was not the result of any disagreement between the Company and JWF on any matter of accounting

principles or practices, financial statement disclosure, or auditing scope or procedures.

JWF’s audit reports on the Company’s

consolidated financial statements as of and for the fiscal years ended December 31, 2024 and 2023 did not contain an adverse opinion or

a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope, or accounting principles.

JWF has served as

the Company’s independent registered public accounting firm since 2023.

During the Company's fiscal years ended December

31, 2024 and 2023, and the subsequent interim period preceding the change in auditor from JWF to CHI, there were no (a) “disagreements”

(as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) between the Company and JWF on any matter of accounting

principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction

of JWF, would have caused JWF to make reference to the subject matter of the disagreement in their reports on the financial statements

for such years, or (b) “reportable events” (as that term is defined in Item 304(a)(1)(v) of Regulation S-K).

Engagement of New Independent Registered Public

Accounting Firm

On January 21, 2026, the Audit Committee engaged

CHI to serve as the Company’s independent registered public accounting firm for the fiscal year ended December 31, 2025 and subsequent

During the Company’s fiscal years ended

December 31, 2024 and 2023 and the subsequent interim period through January 21, 2026, neither the Company nor anyone on its behalf consulted

CHI regarding (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit

opinion that might be rendered on the Company’s consolidated financial statements, and no written report or oral advice was provided

by CHI to the Company that CHI concluded was an important factor considered by the Company in reaching a decision as to the accounting,

auditing, or financial reporting issue, or (ii) any matter that was either the subject of a disagreement (as described in Item 304(a)(1)(iv)

of Regulation S-K and the related instructions) or a “reportable event” (as described in Item 304(a)(1)(v) of Regulation S-K).

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 8. Financial Statements and Supplementary Data