China Xinhua Education names Rongcheng Hong Kong CPA as proposed new auditor in supplemental filing

  • China Xinhua Education Group issued a supplemental statement backing its planned auditor switch from KPMG to Rongcheng (Hong Kong) CPA for FY2026.
  • KPMG will retire at the June 16 AGM, citing governance-driven rotation to bolster auditor independence.
  • The audit committee said Rongcheng has capacity and listed-company experience, citing its role auditing more than 55 Hong Kong-listed firms.
  • Rongcheng is a registered public interest entity auditor in Hong Kong; the audit committee said it found no regulatory actions involving key team members.
  • The group began fee and service-plan discussions with firms in early March; the board endorsed Rongcheng on April 14, pending shareholder approval.


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