On October 23, Guolonghui reported that neuedu (09616.HK) issued an announcement. In view of the recent market information, based on the principle of prudence, and considering the company's current business situation and the demand for future audit services, after the company communicated with PricewaterhouseCoopers Accounting Firm ("PricewaterhouseCoopers"), PricewaterhouseCoopers agreed to resign as the company's auditor, effective from October 23, 2024.

The board of directors, upon the recommendation of the audit committee, resolved to appoint Ernst & Young Accounting Firm ("Ernst & Young") as the company's auditor, effective from the date of signing the business agreement, to fill the temporary vacancy left by the resignation of PricewaterhouseCoopers, and to retain them until the end of the next annual general meeting of shareholders of the company.