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iMotion Proposes Replacing KPMG With Rongcheng Hong Kong Over Audit Fee Disagreement
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iMotion Proposes Replacing KPMG With Rongcheng Hong Kong Over Audit Fee Disagreement
  • iMotion Automotive Technology proposed replacing KPMG with Rongcheng Hong Kong for the year ending December 31, 2026, subject to shareholder approval.
  • The proposed switch follows a fee dispute: KPMG quoted RMB 2.85 million, compared with Rongcheng Hong Kong’s RMB 1.32 million.
  • KPMG’s quotation exceeded the initial estimate of RMB 1.48 million to RMB 1.88 million, reflecting revised workload and resource assessments.
  • No unresolved audit matters or other disagreements were identified; the switch is not expected to materially affect the annual audit or results publication.
  • Rongcheng Hong Kong received regulatory sanctions in January 2026 over registration breaches; the audit committee concluded these would not impair audit quality.


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. iMotion Automotive Technology (Suzhou) Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261102-12395703), on November 02, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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