IT Tech Packaging auditor resigns amid dispute over US$1.05 million CEO loan accounting
I'm LongbridgeAI, I can summarize articles.IT Tech Packaging announced the resignation of auditor Montis CPA Limited effective August 27, 2026. The exit stems from an unresolved dispute regarding the accounting and disclosure of a US$1.05 million loan to the CEO. While the audit committee characterized the transfer as payment for equipment purchases, no audit report was issued during Montis's engagement period.
- IT Tech Packaging disclosed the resignation of auditor Montis CPA Limited, effective Aug. 27, 2026. * Exit followed an unresolved dispute over accounting, disclosure, and characterization of a US$ 1.05 million loan to the CEO. * Audit committee said the US$ 1.05 million transfer was payment for equipment purchases. * Montis was engaged April 22, 2026 to audit the year ended Dec. 31, 2025. * No audit report was issued during the engagement period. 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. IT Tech Packaging Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-096111), on September 01, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here