Grand Baoxin Auto Auditor Resigns Over Unresolved Audit Issues
Grand Baoxin Auto Group Limited announced the resignation of its auditor, Rongcheng (Hong Kong) CPA Limited, effective November 6, 2025. This decision follows issues related to the revocation of authorizations for certain dealership outlets and personnel changes that hindered the provision of necessary audit documentation. The company and the auditor could not agree on additional fees and a timetable for completing the audit of the 2024 financial statements. Both parties confirmed no other disagreements exist regarding the resignation.
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. 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. Grand Baoxin Auto Group Limited published the original content used to generate this news brief on November 06, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
