Geotech Holdings Ltd. announced that its auditor, Grant Thornton Hong Kong Limited, has resigned effective 21 November 2025. The resignation follows the designation of the company's former executive director and controlling shareholder, Mr. Chen Zhi, under U.S. sanctions for alleged involvement with the Prince Group Transnational Criminal Organization related to online scams and money laundering. Grant Thornton cited a conflict with its ethical responsibilities and client continuance policies as the reason for its resignation. The company stated there is no disagreement with the auditor and will seek to appoint a new auditor promptly.
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