Qilian International Holding Group Limited ( (BGM) ) has released a notification of late filing.
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BGM Group Ltd has notified the SEC that it will be late in filing its annual Form 20-F (Yearly Report) for the fiscal year ended September 30, 2025, via a Form 12b-25. The company says the delay stems from the complexity of consolidating newly acquired YX Management Company Limited into its financial statements and completing the acquisition accounting for this transaction.
Management notes that the Form 20-F (Yearly Report) could not be filed on time without incurring unreasonable effort or expense, primarily due to the work required to integrate the acquired business into BGM’s consolidated accounts. This is an internal, transaction-driven issue rather than a disclosure of auditor changes or identified internal control failures.
BGM Group Ltd states that it expects to file the delayed Form 20-F (Yearly Report) within the standard extension window provided by Form 12b-25, which allows up to 15 calendar days after the original due date for annual reports.
The company indicates it does not anticipate any significant change in results of operations compared with the prior fiscal year to be reflected in the upcoming earnings statements included in the Form 20-F (Yearly Report). Still, investors should remember that any discussion of expectations or anticipated timing carries the usual uncertainty associated with forward-looking statements.
All other required periodic reports over the past 12 months have been filed, and BGM emphasizes its intention to remain in compliance with SEC reporting rules while it finalizes its consolidation and acquisition accounting. The notification is signed on behalf of the company by Co-Chief Executive Officer Chen Xin, dated January 30, 2026, underscoring executive-level oversight of the delayed filing and remediation steps.
More about Qilian International Holding Group Limited
Average Trading Volume: 17,384
Technical Sentiment Signal: Sell
Current Market Cap: $671.5M
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