| Ernst & Young | | 11-May-22 | | Restrictions imposed as a result of the outbreak of the COVID-19 pandemic in the Mainland since March 2022 have led to delay in its audit process. The Company has not been able to agree with EY on a mutually acceptable timetable to complete the audit. In the circumstances, the board believes that it is in the best interest to move forward and engage another auditor and complete the audit as soon as practicable. On such basis, the Board has resolved to request EY to resign as auditor. At the request of the Board, EY has resigned as auditor. In its resignation letter, EY has set out the key outstanding matters and information which include finalisation of the Group’s cashflow forecast and valuation reports and the receipt of external confirmations. |
