Times Neighborhood Holdings Ltd. Appoints Grant Thornton as New Auditor Following EY Resignation Over Audit Fee Dispute
Times Neighborhood Holdings Limited has announced a change in its auditors due to an inability to agree on the audit fee with its previous auditors, Ernst & Young (EY). As a result, EY has resigned effective 3 July 2025. The company has appointed Grant Thornton Hong Kong Limited as the new auditors, filling the vacancy until the next annual general meeting. The decision was made following recommendations from the Audit Committee, which considered factors such as Grant Thornton's industry expertise, independence, and audit proposal. Both EY and Times Neighborhood Holdings have confirmed that there are no other disagreements or unresolved issues beyond the audit fee.
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