Chiho Environmental hires Ernst & Young to extend forensic accounting probe amid control review

• Chiho Environmental replaced its forensic investigator and internal control consultant with Ernst & Young Advisory Services, effective July 16, 2026.
• Move follows stock exchange queries on prior draft reports covering suspected irregularities at certain non-wholly owned subsidiaries.
• New work includes a supplemental forensic review for 2023-2024, targeting evidence in the PRC to address investigation limitations.
• Second phase covers internal control remediation, including assessment of key subsidiaries, recommendations, and follow-up testing of corrected controls.
• Shares remain suspended from April 1, 2025, pending fulfillment of resumption conditions tied to the investigation and controls review.

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. Chiho Environmental Group 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-20260716-12247351), on July 16, 2026, and is solely responsible for the information contained therein.