Daido Group Limited (00544) has announced the resignation of its auditor Forvis Mazars CPA Limited, effective 28 November 2025. This decision comes after an inability to reach a consensus on the audit fee for the financial year ending 31 December 2025. According to the resignation letter, there are no circumstances that need to be brought to the attention of shareholders, and there are no disagreements or unresolved matters between the auditor and the company.

Daido Group Limited has confirmed that Forvis Mazars CPA Limited had not commenced any audit work for the 2025 financial year, thus the change is not expected to have a significant impact on the release of annual results.

Following the resignation, Linksfield CPA Limited has been appointed as the new auditor, holding office until the conclusion of the next annual general meeting. This follows the recommendation by the audit committee, which considered Linksfield’s experience, fee proposal, and independence. The appointment aims to enhance cost-effectiveness without compromising audit quality and is deemed to be in the best interest of the company and its shareholders.