Microware Replaces Deloitte With HLB to Cut Audit Costs Amid PRC Expansion
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Microware Group Ltd. has replaced Deloitte with HLB Hodgson Impey Cheng Limited as its auditor due to disagreements over audit fees for the year ending March 31, 2026. The change aims to reduce costs amid the company's expansion in mainland China. Deloitte confirmed no other issues required shareholder attention. Microware anticipates that the switch will enhance cost-effectiveness without compromising audit quality or delaying its annual results. The current analyst rating for Microware's stock is a Hold with a price target of HK$1.50.
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