Cheuk Nang says GT quit over unquantified external expert fees dispute

• Cheuk Nang issued a supplemental statement clarifying GT’s auditor resignation stemmed from a fee dispute over GT’s external experts.
• GT proposed FY2026 audit fees of HK$1.7 million, up from HK$0.85 million, then sought additional unquantified expert fees.
• The audit committee deemed the added expert-fee demand unreasonable, citing no substantive business changes and no other issues raised by GT.
• New auditor BDO set an FY2026 audit fee of HK$1.25 million, excluding BDO-engaged external expert fees below HK$100,000.
• BDO plans to use Malaysia-based BDO PLT as a tax expert for the group’s Malaysian subsidiary; no component auditors planned.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cheuk Nang (Holdings) Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260824-12296507), on August 24, 2026, and is solely responsible for the information contained therein.