GEOTECH HLDGS (01707): Grant Thornton Resigns as Auditor

Stock News

2025/11/21

GEOTECH HLDGS (01707) announced that Grant Thornton (Hong Kong) CPA Limited has resigned as the company's auditor, effective November 21, 2025. The resignation follows sanctions imposed by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) on October 14, 2025, against former executive director and controlling shareholder Mr. Chen Zhi for alleged involvement in the transnational criminal organization Prince Group's cyber fraud and money laundering activities. These allegations created a conflict with Grant Thornton's ethical responsibilities and client service policies, leading the firm to conclude that maintaining a professional relationship with the company was no longer appropriate.

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The resignation follows sanctions imposed by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) on October 14, 2025, against former executive director and controlling shareholder Mr. Chen Zhi for alleged involvement in the transnational criminal organization Prince Group's cyber fraud and money laundering activities. These allegations created a conflict with Grant Thornton's ethical responsibilities and client service policies, leading the firm to conclude that maintaining a professional relationship with the company was no longer appropriate.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01707","symbol_name":"致浩达控股","start_time":0,"source_url":"","article_id":"1152087513","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1152087513","pubTimestamp":1763715390,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"GEOTECH HLDGS (01707) announced that Grant Thornton (Hong Kong) CPA Limited has resigned as the company's auditor, effective November 21, 2025. The resignation follows sanctions imposed by the U.S....","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01707":"致浩达控股","BK1148":"建筑与工程"},"translate_title":"GEOTECH HLDGS(01707)：均富辞去核数师职务","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01707":1},"content_text":"GEOTECH HLDGS (01707) announced that Grant Thornton (Hong Kong) CPA Limited has resigned as the company's auditor, effective November 21, 2025. The resignation follows sanctions imposed by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) on October 14, 2025, against former executive director and controlling shareholder Mr. Chen Zhi for alleged involvement in the transnational criminal organization Prince Group's cyber fraud and money laundering activities. 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