IntelliMark AI International Ltd. announced that Elite Partners CPA Ltd. resigned as the Group’s auditor with effect from 18 June 2026. Elite Partners cited limited internal resources to cope with the expanding Mainland China micro-dot code business and potential implications of the Ministry of Finance’s No. 46 Announcement (2 August 2024), which restricts the firm’s Mainland practices. Elite Partners had not started audit work on FY2026 accounts and confirmed no matters need to be brought to shareholders’ attention; the Board and Audit Committee reported no disagreements.
Concurrently, the Board, upon Audit Committee recommendation, appointed McMillan Woods (Hong Kong) CPA Ltd. as the new auditor to fill the casual vacancy until the next annual general meeting. McMillan Woods serves over 70 Hong Kong-listed companies and is part of a global network with 3,200 professionals across 70 countries. The firm demonstrated improved AFRC inspection scores (from 4 to 3) and outlined a three-stage audit plan—planning, execution and final reporting—backed by a dedicated service team.
The Audit Committee assessed McMillan Woods’ governance framework, Mainland industry experience, technical competence and proposed resources, concluding that the agreed fee and timetable are adequate to complete the FY2026 audit without compromising quality. The Board expressed appreciation to Elite Partners for past services and does not expect the auditor change to materially affect the FY2026 audit process.
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