| Ernst & Young | 24-Apr-19 | 01-Nov-24 | | The Company and EY cannot reach an agreement on the audit fee for the audit of the consolidated financial statements of the Group for year ending 31 December 2024. The audit committee of the Company has reviewed the audit fee proposal provided by EY in September 2024 and considered that the estimated fee level may not be commensurate with the cost control measures of the Group. The Audit Committee has also obtained and reviewed audit fee proposals provided by other professional accounting firms, which were lower in comparison with EY’s audit fee proposal. In view of the more competitive fee proposals provided by other professional accounting firms possessing the necessary capabilities and competence to perform its duties as the auditor of the Company, the Board, with the recommendation of the Audit Committee, is satisfied that the resignation of EY is in the interests of the Company and the shareholders of the Company as a whole. |
