Hainan Drinda New Energy Technology Co., Ltd. (Drinda) announced a planned change of overseas auditor following the retirement of Messrs. Deloitte Touche Tohmatsu at the conclusion of the 2025 Annual General Meeting scheduled for 27 May 2026.

The Board has resolved, on the recommendation of its Audit Committee, to propose the appointment of ZHONGHUI ANDA CPA Limited as overseas auditor for the 2026 financial year. Zhonghui Accounting Firm (Special General Partnership) is slated for re-appointment as domestic auditor for the same period.

Drinda cited the need for greater efficiency in coordinating domestic and cross-border audit work, alongside business development considerations, as the principal rationale for the transition.

The estimated audit fee agreed with Zhonghui Anda for the year ending 31 December 2026 is approximately RMB1.00 million, derived from the company’s business scale, industry characteristics, accounting complexity and anticipated workload.

The Audit Committee evaluated Zhonghui Anda on experience with Hong Kong-listed entities, industry knowledge, resource capability, independence, and fee structure, concluding that the firm meets all relevant criteria and Accounting and Financial Reporting Council guidelines.

The proposed appointment will take effect upon shareholder approval at the 2025 AGM and will run until the next annual general meeting. The Board confirmed there are no disagreements or unresolved matters with Deloitte and expressed appreciation for the outgoing auditor’s past services.

A circular detailing the proposed change and AGM notice will be dispatched to shareholders in due course.