Courage Investment Group Limited (1145.HK, CIN) has supplemented details on its recent change of auditor from Deloitte Touche Tohmatsu to Ernst & Young. According to the announcement, Deloitte’s revised audit fee of HK$1.69 million arose primarily from the necessity of hiring a third-party component auditor in Mongolia, due to Deloitte’s limited presence in the region. In contrast, the new auditor, EY, quoted HK$1.3 million and cited established resources in Mongolia.

The Audit Committee reviewed both auditors’ proposals, focusing on their independence, resources, industry experience, and capabilities. It concluded that EY would be well-equipped to fulfill the audit requirements effectively, particularly for the Group’s operations in China and Mongolia. The announcement also outlined EY’s audit schedule, beginning with planning in mid-December 2025 and concluding by late March 2026, allowing sufficient time to address the Group’s operational complexities and meet regulatory deadlines.