Fulu Holdings Ltd. has announced a change in its auditor, following the resignation of Ernst & Young (EY) due to an inability to reach an agreement on the audit fees for the financial year ending December 31, 2025. The company's Board of Directors has appointed HLB Hodgson Impey Cheng Limited as the new auditor, effective September 23, 2025. The decision was based on HLB's independence, competence, and capability, alongside a more competitive audit fee proposal. The Board believes this change will enhance the cost-effectiveness of the company's annual audit and align with the interests of its shareholders.
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