On 10 February 2026, Huajin International Holdings (the Group) released a supplemental announcement regarding its decision to replace its external auditor. The announcement confirms that Deloitte Touche Tohmatsu (Deloitte) has officially resigned and KTC has been appointed as the Group’s new auditor effective 29 December 2025.

According to the announcement, the Group initially held preliminary discussions with Deloitte for the 2025 annual audit but did not reach an agreement on audit fees. Deloitte’s fee proposal was reported to be significantly higher than the RMB3.4 million charged for the previous year, reflecting additional audit work required for the Group’s operational changes and recently launched port terminal business. Following multiple negotiations without a consensus on fee terms, the Group’s Audit Committee and Board of Directors conducted a market search for alternative firms and confirmed KTC as the new auditor.

KTC’s agreed audit fee is RMB1.6 million (excluding reimbursable expenses), reflecting an assessment of the Group’s operational scope and risk profile. Its audit scope includes the core steel processing business and the new port terminal operations, encompassing asset impairment, going concern, and liquidity assessments. The announcement also details KTC’s planned collaboration with a registered Mainland component auditor to cover the Group’s subsidiaries in China.

The Group’s Audit Committee has reviewed KTC’s proposed audit methodology, team composition, and reporting timeline. Planning and interim work are scheduled to begin in early January 2026, while final procedures and reporting are expected to conclude in March 2026. The announcement clarifies that Deloitte confirmed no matters requiring shareholders’ attention before its resignation, and the appointment of KTC aligns with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.