Alco Holdings Limited (Alco Holdings) has issued a supplemental announcement refining details in its 7 August 2026 AGM circular regarding auditor arrangements.
Global Link CPA Limited, the incumbent auditor, will retire at the forthcoming AGM but is eligible and willing to serve another term. An ordinary resolution will be tabled to (1) re-appoint Global Link CPA Limited as auditor for the financial year ending 31 March 2027 and (2) authorise the Board to determine its remuneration.
The two parties have agreed an estimated audit fee of HK$0.80–0.90 million, exclusive of out-of-pocket expenses. The fee range was determined after arm’s-length negotiations, taking into account historical fees, prevailing market rates, the prior year’s audit workload, the Group’s size and structure, the audit timetable, and business complexity.
The estimate assumes: • No material changes in the Group’s business scope, operations, accounting policies, or regulatory environment during FY 2027. • Timely and adequate assistance from management throughout the audit.
The Board considers the quoted fee fair and reasonable under current circumstances and does not expect material deviation unless the underlying assumptions change. Any significant variance will prompt additional disclosure.
Board composition as at 23 September 2026: • Executive Director: Mr. Zheng Yuxing • Non-Executive Director (Chairman): Ms. Pan Ying • Independent Non-Executive Directors: Mr. Chu Hoi Kan, Mr. Lam Chi Wing, Mr. Tang Sher Kin
No other information in the original AGM circular or notice is affected.
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