Zhuguang Holdings Auditor Resigns Over Fee Dispute and Uncertainties

Reuters12-15

Zhuguang Holdings Auditor Resigns Over Fee Dispute and Uncertainties

Zhuguang Holdings Group Company Ltd. is facing accounting issues after its auditor, Ernst & Young (EY), resigned due to a disagreement over audit fees and significant concerns regarding the company's financial statements. EY did not express an opinion on Zhuguang Holdings' consolidated financial statements for the year ended 31 December 2024, citing multiple uncertainties related to the company's ability to continue as a going concern. Additionally, EY noted scope limitations concerning the Group's investment in an associate, with a carrying amount of approximately HK$488 million, and the Group's share of the associate's losses for the year. The company has announced it will appoint a new auditor in accordance with listing rules.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhuguang Holdings Group Company Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251215-11956293), on December 15, 2025, and is solely responsible for the information contained therein.

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