Times Universal Group Holdings Limited (Stock Code: 2310) has announced that Asian Alliance (HK) CPA Limited will step down as auditor effective 30 October 2025, citing an inability to reach consensus on audit fees for the financial year ending 31 December 2025. According to the announcement, Asian Alliance did not identify any issues that need to be brought to shareholders’ attention, and no disagreements or unresolved matters were reported between the company and the outgoing auditor.
The board has appointed Rongcheng (Hong Kong) CPA Limited to fill the vacancy until the conclusion of the next annual general meeting. The selection was based on several factors, including market reputation, team resources, experience in handling listed companies, and cost-effectiveness. The company expressed appreciation for Asian Alliance’s services and extended a welcome to the newly appointed auditor.