STAR CM (06698)

AuditorFromToRelease Date / Document LinksReason for Change
Crowe Horwath (HK)03-Jan-25
Ernst & Young15-Dec-2203-Jan-25Both parties failed to reach an agreement on the audit fee for the year ended December 31, 2024 in consideration of the Company’s operating and cost reduction strategy. As EY was unable to adjust its fee to match the lower rate proposed by the prospective audit firm, as the reduced fee was not commensurate with the audit workload and associated risks, and the parties failed to reach a mutual consensus, EY has resigned as the auditor of the Company with effect from January 3, 2025. EY has confirmed that there is no any other matter in relation to its resignation as the auditor that, in its opinion, needs to be reported to the shareholders of Company except for the effects of the matter described in the “Basis for qualified opinion” section of the independent auditor’s report dated March 28, 2024.