C CHENG HLDGS (01486) announced the resignation of EY as its auditor effective July 15, 2025, following unsuccessful fee negotiations for the fiscal year ending December 31, 2025. The board confirmed the appointment of Zhonghui Anda Certified Public Accountants as the replacement auditor starting the same date.

This strategic transition aims to optimize audit expenditures and reduce overall operational costs. The decision followed careful consideration by the board, which accepted the recommendation of the audit committee. Zhonghui Anda will serve as interim auditor until the conclusion of the next Annual General Meeting, filling the vacancy created by EY's departure.

The auditor change reflects the company's commitment to fiscal efficiency while maintaining rigorous financial oversight. No disagreements regarding accounting principles or financial disclosures were cited in EY's resignation letter. The incoming auditor brings extensive experience in regulatory compliance to support the company's governance framework during this transitional period.