Phoenitron replaces auditor Moore CPA with GSHK after fee dispute

• Phoenitron replaced auditor Moore CPA with GSHK for FY2025, effective Dec. 31, 2025, following Moore CPA’s resignation effective Dec. 30, 2025.
• Moore CPA cited unresolved internal acceptance procedures, an unagreed audit fee, and resource constraints as drivers for stepping down.
• Moore CPA quoted HK$ 2.3 million for audit work, roughly triple prior year, versus HK$ 1.75 million proposed by GSHK.
• Audit Committee favored GSHK for e-commerce and AI audit expertise, including use of in-house IT specialists and greater reliance on control testing.
• GSHK set interim procedures for January 2026, year-end fieldwork for February to March 2026, with completion targeted by March 2026.

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