| Forvis Mazars | 03-Mar-26 | | | |
| Crowe Horwath (HK) | 19-Sep-25 | 03-Mar-26 | | Could not reach a consensus on the audit fee, due to the increased scope and effort required arising from the Group’s progress on provision of certain information and audit matters, including (i) turnover of key finance personnel of major subsidiaries of the Company resulting in delays in preparing and providing financial information, particularly in respect of opening balances, which also extended time required to obtain necessary information, with materials provided requiring clarifications and follow-up, (ii) reduced availability of finance and other departmental staff due to their heavy involvement in new product launch activities in the fourth quarter of 2025, which limited their capacity for in-depth discussions on workflows and clarifications on documents provided, and (iii) specific outstanding audit matters, in particular those relating to opening inventories, opening contract assets, and income tax provision. |
| Crowe | | 03-Mar-26 | | SUPPLEMENTAL ANNOUNCEMENT: As the increase in audit fee was raised by Crowe at the outset and no consensus could be reached on the final audit fee upon negotiation between Crowe and the Company, Crowe resigned as the auditor of the Company, and formally tendered its resignation letter to the Company on 3 March 2026. |
| Crowe Horwath (HK) | | 27-Feb-26 | | SUPPLEMENTAL ANNOUNCEMENT - The Audit Committee took into consideration of the discussions with Crowe and Forvis Mazars, including, among others, (i) the fee increment of Crowe was relatively high, with uncertainty of further increment and no commitment on timetable; (ii) the history of Forvis Mazars as auditor of the financial statements of the Group; and (iii) Forvis Mazars possessed audit evidence of the opening balances for the consolidated financial statements of the Group during their 2024 Annual Audit, and reached the conclusion on change of auditor on 28 February 2026. |
| Forvis Mazars | 30-Dec-24 | 19-Sep-25 | | Could not reach a consensus on the fee for the audit of the consolidated financial statements of the Group for the financial year ending 31 December 2025. |
