| PwC | | 28-Oct-24 | | After taking into account the Company’s existing business status and development needs, the current economic conditions and the cost-effectiveness and competitiveness of the audit services proposal from PwC and other auditing firms according to market conditions, and considering the recommendation of the Audit Committee, the Board has resolved to propose to change the auditor of the Company for the year ending December 31, 2024. The Company received a Resignation Letter from PwC, pursuant to which, PwC is aware of the above-mentioned reasons for the proposed change of auditor, and sets out the following matters which PwC considers that need to be brought to the attention of the Shareholders and the creditors of the Company: (a) the Announcement, and PwC issued a letter to the Audit Committee on July 30, 2024 to wish to understand the details of the relevant matters as stated in the Announcement, in particular the Purported Promissory Letter as defined in the Announcement; and (b) the announcement on litigation involving a wholly-owned subsidiary published by the Company on August 18, 2024. |
