KRP Development Holdings Limited (Stock Code: 2421) announced that its auditor, KPMG, resigned effective 24 October 2025 because the parties could not agree on the audit fee for the financial year ending 31 March 2026. According to KPMG, there are no other matters that need to be brought to shareholders’ attention, and the company’s board and audit committee likewise confirmed there was no disagreement beyond the fee issue.

KPMG had not commenced any audit or review of the group’s latest consolidated financial statements, so the resignation is not expected to significantly affect the upcoming annual audit or results release. The company expressed gratitude for KPMG’s professional services.

Following KPMG’s departure, the board, based on the audit committee’s recommendation, appointed Forvis Mazars CPA Limited as the new auditor. Factors such as audit experience with listed entities, familiarity with the applicable accounting standards, and independence were considered. The appointment takes effect on 24 October 2025 and will last until the conclusion of the next annual general meeting.