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CXJ Group Co., Ltd. (ECXJ): material weakness open 2,069 days

By Russell Tomoum, Ctrl Worx™. Built from its own SEC filings. How the Clock works.

CXJ Group Co., Ltd. reported ineffective internal control over financial reporting because of a material weakness in 14 filings since Oct 4, 2021. It stated one or more material weaknesses in 2 more SEC filings that gave no conclusion on whether that control is effective. The latest was its 10-Q for the period ended Aug 31, 2026.

Checked against SEC EDGAR: Oct 29, 2026 · Entry #11719

Causes the company named

Entity-level and governance · 15Complex or non-routine accounting · 13Accounting expertise and resources · 12Segregation of duties · 3

Inadequate controls over related party transactions, business combination accounting, and audit committee financial expertise.

What the latest filing says

Based on this evaluation, our Chief Executive Officer and Chief Financial Officer concluded as of period ended August 31, 2025, that our disclosure controls and procedures were not effective. The matters involving internal controls and procedures that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: (1) lack of well-established procedures to identify, approve and review related party transactions; (2) Inadequate design of controls related to business combination transactions accounting given the accounting complexities of business combinations, including, but not limited to, lack of mindset and methods to assess the value of the business prior to acquisition, inadequate process to determine the purchase price, lack of professional understanding to determine when the control of the business acquired is transferred or when the transaction is completed, and inability to make the appropriate disclosure; and (3) the Board does not have a director who qualifies as an audit committee financial expert as defined i [...]

From the controls section of the 10-Q filed Oct 22, 2026. Read the full filing on SEC EDGAR.

Company response: CXJ Group Co., Ltd. can send a statement or a link to its remediation update to russell@ctrlworx.com. We post it here, unedited and dated.

Filings

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Based on public SEC filings. Causes are grouped into standard categories by Ctrl Worx. The filings are the authority. Ctrl Worx is not affiliated with CXJ Group Co., Ltd. or the SEC. Not investment advice. Why you can rely on the Watch List.