Veeko International Holdings Limited (VEEKO INT'L) has announced a planned change of external auditor, citing cost-control objectives and routine auditor rotation for enhanced governance.

Ernst & Young (EY), auditor for the financial year ended 31 March 2026, will retire at the conclusion of the forthcoming annual general meeting (AGM) and will not seek re-appointment. The board of directors and the audit committee confirmed there are no disagreements or unresolved matters with EY and do not expect the transition to affect the audit of the Group’s results for the year ending 31 March 2027. The Board expressed appreciation for EY’s service during its tenure.

Subject to shareholder approval at the AGM and completion of standard client-acceptance procedures, Prism Hong Kong Limited is proposed as the new auditor for the financial year ending 31 March 2027. The Audit Committee’s recommendation was based on Prism’s experience with listed companies, independence, technical capability, resource allocation, fee competitiveness, and adherence to Accounting and Financial Reporting Council (AFRC) guidelines.

Prism’s estimated audit fee is HK$0.78 million, exclusive of out-of-pocket expenses. The fee assumes no material changes in the Group’s operations, accounting policies, or regulatory environment, and may be adjusted if the audit scope changes materially.

A circular detailing the proposed auditor change and the AGM notice will be dispatched to shareholders in due course.