| ShineWing CPAs | 14-May-21 | 26-Jun-26 | | SUPPLEMENTAL ANNOUNCEMENT - Company’s delay in proposed appointment of auditors caused by the new requirements under the Supplementary Notice to the Administrative Measures for the Selection and Appointment of Accounting Firms by StateOwned Financial Enterprises. Certain accounting firms have become ineligible to undertake audit engagements for state-owned financial enterprises. As a result, the Company has encountered greater difficulty and expended additional time in screening qualified accounting firms, compared with prior selection exercises. In addition, certain bids were disqualified due to errors found in submitted documentation. As a result, the number of qualified bidders fell below the minimum threshold of three under the relevant PRC Laws, rendering the tender process invalid. |
