Sling Group Holdings Limited has issued a circular detailing plans to replace its long-standing auditor, Grant Thornton Hong Kong Limited (GT), with Crowe (HK) CPA Limited (Crowe). Shareholders will vote on two ordinary resolutions—removal of GT and appointment of Crowe—at the first extraordinary general meeting of 2026, scheduled for 28 September 2026 at 3:00 p.m. in Kwun Tong, Hong Kong.

Key Points

1. Rationale for Removal • GT was re-appointed at the 9 June 2026 AGM to audit the financial year ending 31 December 2026 (FY2026) but has served the company for more than nine years. • The Audit Committee and Board cited a lack of agreement on audit fees and the need to enhance auditor independence through rotation as primary reasons for proposing GT’s removal. • GT’s proposed fee for the FY2026 audit was HK$0.78 million (US$0.10 million), which the Audit Committee viewed as misaligned with Sling Group’s current operating scale.

2. Proposed Appointment of Crowe • Crowe’s proposed FY2026 audit fee is HK$0.65 million (US$0.08 million). • The Audit Committee assessed Crowe’s audit plan, independence, resource allocation (approx. 1,200 chargeable hours with a team led by two partners), and experience auditing more than 60 Hong Kong-listed companies. • Crowe will serve from its appointment at the EGM until the next annual general meeting, subject to shareholder approval.

3. Impact Assessment • GT confirmed in writing that it has no matters to bring to shareholders’ attention regarding the proposed removal and has not commenced any FY2026 audit work. • The Board and Audit Committee stated there are no outstanding audit issues and expect no material impact on the timing of FY2026 results.

4. EGM Logistics • Register of members closes 23–28 September 2026; record date is 28 September 2026. • Shareholders must lodge transfer documents by 4:30 p.m. on 22 September 2026 to qualify for attendance and voting. • Proxy forms are due by 3:00 p.m. on 26 September 2026.

Directors unanimously recommend shareholders vote in favour of both resolutions, citing cost control, enhanced auditor independence, and Crowe’s capabilities and competitive fee structure as benefits to the company and its shareholders.