Qunabox Group Limited (Stock Code: 00917) released a supplemental announcement on 15 May 2026 outlining the Audit Committee’s assessment process and conclusions that led to the engagement of Zhonghui Anda CPA Limited (“Zhonghui”) as the Company’s external auditor for FY 2026.
Key evaluation highlights are as follows:
1. Governance & Leadership • Zhonghui is a Hong Kong–headquartered CPA firm with a 20-year track record and a global workforce exceeding 3,000 professionals. • Its Managing Partner, who has more than 25 years of assurance experience, oversees the firm’s System of Quality Management, ensuring consistent audit quality and adherence to professional standards.
2. Independence & Ethical Compliance • Following internal conflict checks and independence assessments under Hong Kong’s Code of Ethics for Professional Accountants, Zhonghui confirmed no financial, business or personal relationships with Qunabox that could impair objectivity. • The Audit Committee’s background checks and review of Zhonghui’s policies found no issues affecting independence.
3. Industry Expertise & Resource Adequacy • The proposed engagement partner and quality control director each bring close to 20 years of listed-company audit experience, including Big Four backgrounds. • Zhonghui audits more than 90 listed companies and has demonstrated competence in sectors comparable to Qunabox’s e-marketing and merchandise sales operations. • The firm committed sufficient staff and technical resources to deliver the audit within the agreed timeline.
4. Engagement Performance Plan • Approximately 3,900 audit hours are budgeted, with a team comprising at least two partners and six to eight audit professionals. • The Audit Committee reviewed the detailed audit plan—covering risk assessment, materiality thresholds and timetable—and confirmed alignment with Hong Kong auditing standards.
5. Communication & Monitoring • Zhonghui will maintain structured, two-way communication with the Audit Committee at planning, execution and closing stages. • Public records, including the 2024-25 AFRC Annual Inspection Report, revealed no disciplinary actions against Zhonghui affecting integrity or independence.
Conclusion After reviewing governance, independence, competence, engagement strategy and regulatory standing, the Audit Committee concluded that Zhonghui is capable of delivering a high-quality audit. The Board affirmed the appointment, noting Zhonghui’s commitment to allocate necessary manpower and resources. All other information in the Company’s 23 April 2026 announcement remains unchanged.
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