Grand Baoxin Auto Auditor Resigns Over Unresolved Audit Issues

Reuters
Nov 06
<a href="https://laohu8.com/S/GBXXY">Grand Baoxin Auto</a> Auditor Resigns Over Unresolved Audit Issues

Grand Baoxin Auto Group Limited announced the resignation of its auditor, Rongcheng (Hong Kong) CPA Limited, effective 6 November 2025. The resignation follows the revocation of authorizations for certain dealership outlets and subsequent personnel changes, which have delayed the company's ability to provide necessary audit documentation, including bank confirmations and impairment tests. The company and the auditor were unable to agree on additional fees and a timetable for completing the audit of the 2024 financial statements. Both the company and Rongcheng confirmed there are no other disagreements or unresolved matters related to the resignation.

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