DEEP SOURCE HOLDINGS LIMITED (Stock Code: 990) Announces Auditor Change

Bulletin Express

Nov 12

Deep Source Holdings Limited (Stock Code: 990) has announced that ZHONGHUI ANDA CPA Limited will resign as auditor with effect from 12 November 2025. ZHONGHUI ANDA had served since 17 December 2015. No audit work on the consolidated financial statements for the financial year ending 31 December 2025 has been commenced by the outgoing auditor.

The change is attributed to considerations such as future needs, length of tenure, and the proposed audit fee. The board of directors believes that a new appointment will enhance cost effectiveness, independence, and audit objectivity, aligning with the best interests of the company and its shareholders.

Rongcheng (Hong Kong) CPA Limited has been appointed to fill the vacancy, effective 12 November 2025, and will hold office until the conclusion of the next annual general meeting. Factors considered by the audit committee included the new auditor’s experience, capabilities, independence, and fee proposal. The board conveys its appreciation to ZHONGHUI ANDA for past services and extends a warm welcome to Rongcheng (Hong Kong) CPA Limited in its new role.

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