Gala Technology Holding Ltd. Announces Change of Auditor from Deloitte to Grant Thornton Due to Audit Fee Considerations

Reuters
23 May
Gala Technology Holding Ltd. Announces Change of Auditor from Deloitte to Grant Thornton Due to Audit Fee Considerations

**Gala Technology Holding Ltd. Announces Proposed Change of Auditor** Gala Technology Holding Ltd., a company incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange under stock code 2458, has announced a proposed change of auditor. The Board of Directors has decided to appoint Grant Thornton Hong Kong Limited as the new auditor, subject to shareholder approval at the upcoming Annual General Meeting $(AGM)$. This decision follows a recommendation from the company's Audit Committee, which considered factors such as Grant Thornton's experience with listed companies, industry expertise, resource quality, and audit fees. The change is aimed at improving cost control and reducing overall operating expenses without impacting the Group's operations. A detailed circular regarding this proposal will be dispatched to shareholders in accordance with the Listing Rules.

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