Summary by Futu AI
Victory sec announced that due to the failure to reach a consensus on the audit fees for the 2024 fiscal year, Ernst & Young has resigned as the auditor, effective December 2, 2024. Ernst & Young confirmed the resignation does not require shareholder approval and has not started auditing the 2024 financial statements, expecting no impact on the annual audit and performance release. The board of directors appreciates Ernst & Young's professional services. Following the recommendation of the audit committee, the board of directors has decided to appoint Chin Ching (Hong Kong) Certified Public Accountants as the new auditor, effective December 2, 2024, until the end of the next annual general meeting of shareholders. The audit committee considered Chin Ching's independence, experience, and resources, deeming it suitable as auditor, and the agreed audit fees are aligned with the group's needs. The board of directors welcomes Chin Ching's appointment, believing that it is in the company's and shareholders' interests.
