Radiance Holdings (Group) Company Limited announced that its Board, on the recommendation of the Audit Committee, will seek shareholder approval at the forthcoming annual general meeting (AGM) to appoint Prism Hong Kong Limited as the Group’s auditor following the retirement of Ernst & Young (EY).

Key points • Transition timeline: Prism’s appointment will take effect upon conclusion of the upcoming AGM and continue until the end of the next AGM. • Audit fee: The estimated fee for the audit of the financial year ending 31 December 2026 is RMB1.80 million, determined after arm’s-length negotiations and based on audit scope, group size, complexity and risk profile. • Selection criteria: The Audit Committee cited Prism’s cost proposal, experience with Hong Kong-listed companies, regulatory compliance capabilities, independence, market reputation, and resource adequacy as decisive factors. • Impact assessment: The Board and Audit Committee concluded that the change will not materially affect group operations and will enhance audit cost-effectiveness without compromising quality.

Shareholders will vote on the proposed appointment via ordinary resolution at the forthcoming AGM.