• Bairong issued a supplemental statement on its auditor switch, confirming Deloitte Touche Tohmatsu will audit the year ending Dec. 31, 2026.
• Shareholders endorsed the appointment at the June 30 AGM, replacing KPMG, which retires at the meeting’s conclusion.
• The change was framed as an auditor-rotation move to bring fresh perspectives and reduce familiarity risk, despite continued satisfaction with KPMG’s independence.
• Deloitte’s proposed audit fee of RMB 3.5 million to RMB 4 million was below KPMG’s proposal.
• The audit committee said Deloitte is independent and has relevant TMT and AI-sector expertise, with resources to deliver a high-quality audit.

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. Bairong Inc. 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-20260717-12248326), on July 17, 2026, and is solely responsible for the information contained therein.