International Genius Company Switches Auditor Amid Trading Suspension and Audit Delays

An update from International Genius Company ( (HK:0033) ) is now available.

International Genius Company has issued a supplemental announcement explaining the circumstances behind its recent change of auditor and the continued suspension of trading in its shares. Following a management transition and initial engagement of McMillan Woods as auditor, the company faced extensive missing documentation, leading McMillan Woods to propose a smaller audit team and warn of significant, unquantified fee overruns. After new management retrieved most of the required records, the board opted to appoint CCTH as the new auditor, which committed a larger audit team and a fixed HK$1 million fee covering additional procedures and an expedited timetable. The audit committee concluded that CCTH’s greater resource commitment and transparent fixed pricing were better aligned with the company’s need to complete the delayed 2025 annual audit and move toward restoring compliance with listing requirements and resuming trading, helping to address investor concerns about prolonged uncertainty and operational disruption.

The most recent analyst rating on (HK:0033) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on International Genius Company stock, see the HK:0033 Stock Forecast page.

More about International Genius Company

International Genius Company is a Hong Kong-listed company incorporated in the Cayman Islands, trading under stock code 33. It operates as a group structure, preparing consolidated accounts and maintaining multiple subsidiaries, and is subject to the corporate governance and financial reporting requirements of the Hong Kong Stock Exchange Listing Rules.

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$223.3M

Learn more about 0033 stock on TipRanks’ Stock Analysis page.