JY Grandmark Holdings Limited (the “Company”) disclosed that D & Partners CPA Limited (“D&P”), re-appointed at the annual general meeting held on 5 June 2025, resigned as auditor with effect from 28 November 2025. According to the resignation letter, factors including the level of audit fee and available internal resources influenced D&P’s decision. The board of directors and the audit committee noted there was no disagreement and that D&P had not commenced audit work on the consolidated financial statements for the year ending 31 December 2025, so no material impact on the annual audit is anticipated.

The board further announced the appointment of McMillan Woods (Hong Kong) CPA Limited (“McMillan Woods”) as the Company’s new auditor, effective immediately, to serve until the conclusion of the next annual general meeting. The audit committee considered multiple factors in recommending McMillan Woods, including experience with listed companies, independence, proposed fee, market reputation, and available resources. The board stated the change of auditor would not adversely affect the Company and would enhance cost-effectiveness.