Apollo Future Mobility Group Faces Auditor Change Amid Qualified Opinion on R&D Costs

Reuters

06-05

Apollo Future Mobility Group Faces Auditor Change Amid Qualified Opinion on R&D Costs

Apollo Future Mobility Group Limited has announced a proposed change of auditor following the retirement of EY. EY, the current auditor, issued a qualified opinion for the year ending December 31, 2024, citing a limitation of scope concerning the Group's deposit for research and development costs. This issue was detailed in the company's annual report released on April 30, 2025. EY has not conducted further audit procedures related to this opinion. The board, with the Audit Committee's recommendation, plans to appoint Forvis Mazars to fill the vacancy, subject to shareholder approval at the upcoming AGM.

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. Apollo Future Mobility Group Limited published the original content used to generate this news brief on June 05, 2025, and is solely responsible for the information contained therein.

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EY, the current auditor, issued a qualified opinion for the year ending December 31, 2024, citing a limitation of scope concerning the Group's deposit for research and development costs. This issue was detailed in the company's annual report released on April 30, 2025. EY has not conducted further audit procedures related to this opinion. The board, with the Audit Committee's recommendation, plans to appoint Forvis Mazars to fill the vacancy, subject to shareholder approval at the upcoming AGM.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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. 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