V-cube auditor issues disclaimer on 2025 financial statements amid $5.4 million fee probe

• V-cube received a disclaimer of opinion from Grant Thornton Taiyo on its financial statements for fiscal year ended December 2025.
• Auditor also issued a disclaimer on V-cube consolidated financial statements, citing inability to obtain sufficient audit evidence due to ongoing investigations.
• Issue centers on about USD 5.4 million outsourcing fees paid by subsidiary TEN Holdings in February 2025, including discrepancies between contracting party and payee.
• V-cube set up a special investigation committee on April 24, 2026 to probe the payments and potential similar cases.
• Auditor also disclaimed an opinion on V-cube internal control report as of Dec. 31, 2025, citing material weaknesses in board oversight, subsidiary management, financial close, financial reporting.

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