Moon Inc. has confirmed the resignation of HLB Hodgson Impey Cheng and the appointment of Moore Stephens CPA Limited as external auditor for the financial year ending 31 March 2026 (FY2026).
HLB resigned on 4 March 2026 after the two parties failed to agree on audit fees. HLB’s quotation of HK$0.90 million represented a 58% increase from the previous year, while Moore’s HK$0.82 million proposal was about 9% lower than HLB’s offer.
The Audit Committee reviewed fee transparency, staffing plans and industry expertise before recommending the change. Moore outlined a seven-member engagement team—including a director, an engagement quality reviewer and a principal—and provided a detailed audit timetable. Moore also demonstrated prior experience in auditing businesses involved in crypto-related activities, a capability HLB did not evidence in its fee submission.
Audit planning began in late March 2026, with fieldwork scheduled from April to early June. Key focus areas include: • Pre-paid SIM and Bitcoin card operations—revenue recognition, inventory, IT general controls and application controls. • Bitcoin investments—existence, valuation and rights through on-chain verification, third-party confirmations and fair-value testing.
Communication of audit findings is targeted for late June, alongside publication of FY2026 results. The FY2026 annual report is slated for release in late July 2026.
The Board and Audit Committee stated that Moore’s lower fee, detailed resource allocation and crypto-asset audit experience align with the Group’s cost-control objectives and expanding digital-asset business.
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