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Entrepreneur Universe Bright Group (EUBG): material weakness open 1,855 days

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

Entrepreneur Universe Bright Group reported ineffective internal control over financial reporting because of a material weakness in 5 filings since Apr 15, 2022. It stated one or more material weaknesses in 15 more SEC filings that gave no conclusion on whether that control is effective. The latest was its 10-Q for the period ended Jun 30, 2026.

Checked against SEC EDGAR: Oct 29, 2026 · Entry #10443

Causes the company named

Segregation of duties · 20Financial close and reporting · 20Accounting expertise and resources · 20ITGC: general · 20Entity-level and governance · 7

Company lacks segregation of duties, adequate accounting personnel, written policies, IT controls, and independent board oversight.

What the latest filing says

deficiencies that constituted material weaknesses, as described below as of June 30, 2026. 1. We did not maintain appropriate cash controls – We had not maintained sufficient internal controls over financial reporting for the cash process, including failure to segregate cash handling and accounting functions, and did not require dual signature on our bank accounts. However, the effects of poor cash controls were mitigated in part by the fact that we had introduced certain cash management policies in PRC subsidiary. 2. We did not implement appropriate information technology controls – We were retaining copies of all financial data and material agreements; however there is no formal procedure or evidence of normal backup of our data or off-site storage of the data in the event of theft, misplacement, or loss due to unmitigated factors. 7 3. We currently lack sufficient accounting personnel with the appropriate level of knowledge, experience and training in U.S. GAAP and SEC reporting requirements. 4. We do not have adequate written policies and procedures – Due to lack of [...]

From the controls section of the 10-Q filed Aug 13, 2026. Read the full filing on SEC EDGAR.

Company response: Entrepreneur Universe Bright Group 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 Entrepreneur Universe Bright Group or the SEC. Not investment advice. Why you can rely on the Watch List.