BRETON to Replace KPMG with Rongcheng (Hong Kong) CPA; New Audit Fee Set at RMB2.80–3.50 Million

Bulletin Express07-10 22:23

Breton Technology Co., Ltd. (BRETON) announced a proposed change of auditor after failing to reach agreement with incumbent firm KPMG on the 2026 audit fee. KPMG’s tenure concluded at the 2025 annual general meeting on 25 June 2026, and it confirmed that no other matters require shareholder attention.

The Audit Committee evaluated several candidates in June 2026 and recommended Rongcheng (Hong Kong) CPA Limited (RCHK) based on fee competitiveness, overseas support capabilities, and professional qualifications. RCHK is part of the Rongcheng Network, which is affiliated with the global RSM International network and maintains an office in the Democratic Republic of the Congo, where BRETON’s major overseas projects are located.

Subject to shareholder approval at an extraordinary general meeting, RCHK will audit the Group’s financial statements for the year ending 31 December 2026. The proposed remuneration ranges from RMB2.80 million to RMB3.50 million, a level the Audit Committee considers reasonable given the Group’s scale, anticipated audit scope, and cost-control objectives.

KPMG’s quoted fee for 2026 exceeded the prior-year level, reflecting additional overseas work and limited local resources in the Democratic Republic of the Congo. BRETON stated that the auditor transition is not expected to affect the timing of the 2026 annual results release.

The Board expressed gratitude to KPMG for its past services and confirmed that, as of this announcement, no audit work for 2026 has commenced.

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