| Confucius Int | | | | Confucius International CPA Limited (CICPA) is proposed to be removed as the company's auditor because it is unable to agree on the timetable for the audit for the year ended 31 December 2024. CICPA stated that there remains significant uncertainty regarding the timing, final scope, content and conclusions of the independent investigation report to be issued by the Independent Investigator in relation to the Audit Matters. CICPA considers the draft investigation report inadequate for its audit purposes and has concerns regarding whether the methodology, scope and limitations adopted in the Independent Investigation are sufficient. Furthermore, certain facts and circumstances surrounding the matters under investigation remain unclear and the Company has yet to provide certain materials required for the audit, meaning the audit scope and additional procedures cannot be reasonably determined. |
