MOGU Announces Change of Auditor

Core Viewpoint - MOGU Inc. has announced the dismissal of its former auditor, PricewaterhouseCoopers Zhong Tian LLP, and appointed Marcum Asia CPAs LLP as its successor auditor, effective November 13, 2025, with the approval of the Company's Audit Committee [1]. Auditor Transition - The dismissal of the former auditor and the appointment of the successor auditor were approved by the Company's Audit Committee [1]. - The former auditor's reports for the fiscal years ended March 31, 2025, and March 31, 2024, contained no adverse opinions or disclaimers [2]. - There were no disagreements with the former auditor regarding accounting principles or practices during the fiscal years ended March 31, 2025, and March 31, 2024, and the interim period through November 13, 2025 [3]. - Material weaknesses related to the Company's internal control over financial reporting were identified, including insufficient financial reporting personnel knowledgeable in U.S. GAAP and SEC requirements, lack of control on reconciliations, and lack of periodic reviews of high-risk activities [3]. - The Company is working closely with both the former and successor auditors to ensure a seamless transition [6]. Communication with Auditors - The Company provided the former auditor with a copy of the current report on Form 6-K and requested a letter to the SEC confirming agreement with the statements made [4]. - During the relevant fiscal years and interim period, the Company did not consult with the successor auditor on accounting principles or any matters that would constitute disagreements or reportable events [5].