5/5GUOCHUN INTERNATIONAL INC. (GCGJ): Non-reliance / restatement

Market data

n/a: no price data available for GCGJ.

Insider trading around this filing

90 days before the flag: no open-market insider sales or purchases reported.
30 days after: none reported.

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-12-26 to 2026-04-25. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.

Verified excerpt

"On March 26, 2026, the Company's management determined that disclosure was necessary and that action should be taken to preclude any further reliance on the Company's previously issued unaudited condensed financial statements for the period ended September 30, 2025."

Quoted from the filing. Source

What this means

The company says previously issued financial statements (or the auditor's report on them) should no longer be relied upon (8-K Item 4.02). Non-reliance on the financial statements themselves is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.

Scope: previously issued financial statements

Why this score: also within 90 days: Going-concern doubt, Late annual report (NT 10-K)