Zhenro Services Group Limited (6958) reported a change in its auditor, citing a lack of consensus with the previous auditor, Ernst & Young (EY), on the proposed audit fee for the financial year ending 31 December 2025. The board and the audit committee considered other competitive proposals, corporate governance needs, and auditor independence before deciding not to proceed with EY’s services.

The announcement stated that EY resigned effective from the date of the document and there were no unresolved matters or disagreements. According to Zhenro Services Group Limited, the resignation is not expected to affect the upcoming annual audit for the financial year ending 31 December 2025.

CCTH CPA Limited (CCTH) was appointed to fill the vacancy left by EY, with the new firm’s appointment effective immediately and continuing until the next annual general meeting. The board and audit committee assessed CCTH’s team experience, industry expertise, independence, and proposed fees as suitable for the company’s operational scope and governance requirements.