Rongta Technology (Xiamen) Group Co., Ltd. (RONGTA TECH) has announced plans to dismiss PricewaterhouseCoopers (PwC) as its external auditor, pending shareholder approval at an extraordinary general meeting (EGM).
PwC, auditor since the company’s Hong Kong listing preparation, raised concerns about certain transactions during the 2025 financial-year audit. An independent investigation—commissioned by the audit committee and completed by end-May 2026—delivered its final report to PwC, yet the firm has not provided a definitive timeline for completing the audit of the FY2025 results.
After “due and careful consideration,” the board and audit committee concluded that terminating PwC is in the best interests of shareholders to prevent further delay in publishing the audited annual results. The company is currently identifying a replacement auditor; all audit work is on hold until a successor is appointed.
Key regulatory and procedural steps include: • Shareholder approval via an ordinary resolution at the forthcoming EGM, in line with Article 196 of the company’s articles and Rule 13.88 of the Hong Kong Listing Rules. • Dispatch of a circular to shareholders and PwC at least 10 business days before the EGM, allowing PwC to make written or verbal representations.
Trading in RONGTA TECH’s shares has been suspended since 1 April 2026 and will remain halted until audited FY2025 results are published. The company will issue further announcements on auditor appointment, audit progress and expected publication dates.
Shareholders and potential investors are advised to exercise caution while the trading suspension remains in force.
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