Data Intelligence, Due Diligence
& Governance

Ernst & Young (EY) will retire upon the expiration of its current term at the conclusion of the AGM. Having taken into account that EY has served as the auditor since 2013, the Board and the Audit Committee are of the view that the proposed change of auditor is in line with good corporate governance practice....

The Company and BDO Limited could not reach a consensus on the audit fee for the financial year ending December 31, 2026. The Audit Committee considered the audit fee proposal from Rongcheng (Hong Kong) CPA Limited to be more competitive, which would facilitate more effective cost control and reduce operating expenses for the Company....

The Company and Deloitte Touche Tohmatsu (DTT) could not reach a consensus on the audit fee for the financial year ending December 31, 2026. As part of the Group's cost-control measures to reduce operating expenses in a challenging business environment, the Board proposed to remove DTT and appoint Rongcheng (Hong Kong) CPA Limited, which offered a significantly lower audit fee....

Confucius International CPA Limited (CICPA) is proposed to be removed as the company's auditor because it is unable to agree on the timetable for the audit for the year ended 31 December 2024. CICPA stated that there remains significant uncertainty regarding the timing, final scope, content and conclusions of the independent investigation report to be issued by the Independent Investigator in relation to the Audit Matters. CICPA considers the draft investigation report inadequate for its audit purposes and has concerns regarding whether the methodology, scope and limitations adopted in the Independent Investigation are sufficient. Furthermore, certain facts and circumstances surrounding the matters under investigation remain unclear and the Company has yet to provide certain materials required for the audit, meaning the audit scope and additional procedures cannot be reasonably determined....

The Company and Baker Tilly Hong Kong Limited (BTHK) could not reach a consensus on the audit fee for the year ending 31 December 2026 and the review service in relation to the interim report of the Group for the six months ended 30 June 2026. This was in line with the Company's cost control measures to reduce administrative costs and monitor auditor's remuneration given the Group's reduced scale of operations....

Retirement....

Tendered his resignation due to his personal commitments....

The Board resolved to terminate the service contract entered into by the Company and Ms. Wong Wai Sze on 1 August 2025 with immediate effect. The Board is not aware of any disagreement between Ms. Wong and the Board or any matters that need to be brought to the attention of shareholders....

Due to his personal work arrangements, he tendered his resignation....

due to his other work commitments...