| RSM (Hong Kong) | 12-Jun-23 | 31-Dec-25 | | Sanctions were imposed against Mr. Chen Zhi, a controlling shareholder of the Company, by the Office of Foreign Assets Control of the Department of the Treasury of the United States of America and the Foreign, Commonwealth & Development Office of the United Kingdom on 14 October 2025. The grounds for these sanctions include certain alleged activities attributed to Mr. Chen. On the same date, the Company was designated by OFAC due to its association with him. RSM has informed the Company that the gravity of these designations creates a fundamental conflict with its ethical obligations, and client continuance policies. Accordingly, RSM considers that continued association with the Company is inappropriate and is therefore unable to continue to act as the auditor of the Company. |
