Updating my case. Have talked to tech support and after trying several things I tried before, they concluded that my unit is defective and suggested exchange/replacement.
Teac USA at eBay told me that they don't have any stock for open box right now so I'm going to return it and get a refund.
Now I'm back to the pre-purchase phase and thinking whether I should buy a new one with higher price or consider a different network player.
@bigfanga you are a lucky one :-)
@kosta68k Obviously they do not test returned units and just sell them on eBay. As it was sold by official Teac USA, I expected that the unit has been fully tested. Well, but it's not said 'refurbished' so I guess I shouldn't have expected that.
By the way I was surprised to find out that MQA rendering is supported only on NET mode. I wanted to try it with USB connection but I don't see it's happening then found it out by reading the manual.
Why Teac, why