China Rare Earth Holdings Auditor Resigns Amid Ongoing Investigation

Reuters01-02

<a href="https://laohu8.com/S/CREQF">China Rare Earth</a> Holdings Auditor Resigns Amid Ongoing Investigation

China Rare Earth Holdings Limited has announced a change of auditor following ongoing investigations into past management practices. The company revealed that its audit committee received a resignation letter from its auditor, Ascenda Cachet CPA Limited, amid an independent investigation into possible misappropriation of assets and deficiencies in internal controls at its subsidiaries under previous management. The board stated that the investigation is ongoing and further updates will be provided in due course. The company has appointed Cheng Cheng as its new auditor and reaffirmed its commitment to resolving the legacy issues.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CRE - China Rare Earth Holdings Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260102-11977277), on January 02, 2026, and is solely responsible for the information contained therein.

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The company revealed that its audit committee received a resignation letter from its auditor, Ascenda Cachet CPA Limited, amid an independent investigation into possible misappropriation of assets and deficiencies in internal controls at its subsidiaries under previous management. The board stated that the investigation is ongoing and further updates will be provided in due course. The company has appointed Cheng Cheng as its new auditor and reaffirmed its commitment to resolving the legacy issues.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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