Grand Baoxin Auto Auditor Resigns Over Unresolved Audit Issues
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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.
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