| PwC | | 18-Dec-24 | | Could not reach a consensus on the revised proposed audit fee for the financial year ending 31 December 2024. PwC mentioned that they had to revise its proposed audit fee for the financial year ending 31 December 2024 and was informed by the Company that such revised audit fee quotation for the year ending 31 December 2024 was not as competitive as compared to other audit firms. Notwithstanding that, the Board noted that the Company and PwC had signed the engagement letter with an agreed audit fee for the Company’s financial statements for the financial year ending 31 December 2024 in or around September 2024, but the revised audit fee quotation subsequently provided by PwC represented an increment of more than approximately 45% over the agreed audit fee under the signed engagement letter. Accordingly, the Board has decided to appoint another auditor for the financial year ending 31 December 2024 and the Company has requested PwC to resign as the auditors of the Company. |
