• Flag Ship Acquisition replaced auditor MaloneBailey with Wei, Wei & Co. for the year ending Dec. 31, 2026, effective July 20, 2026.
• MaloneBailey’s prior audit reports were not adverse or disclaimed, but included a going-concern paragraph tied to a net capital deficiency.
• No accounting or audit disagreements were reported with MaloneBailey through its dismissal.
• The 2025 annual filing flagged material weaknesses in internal controls, including segregation-of-duties gaps and limited written accounting and IT procedures.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Flag Ship Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829126-26-007693), on July 21, 2026, and is solely responsible for the information contained therein.