Sheen Tai details auditor switch after RSM seeks higher HK$1.1 million fee

• Sheen Tai issued supplemental disclosure on auditor change, detailing fee dispute tied to new cryptocurrency operations for year ended Dec. 31, 2025.
• RSM sought to lift proposed audit fee to HK$1.3 million, citing need for smart contract specialist work.
• Board switched auditors to HLB on Dec. 30, 2025, agreeing audit fee of HK$0.8 million.
• Audit committee said lower HLB fee reflected staffing efficiencies, not reduced audit scope, with both firms allocating about 50% of budget to cryptocurrency risks.
• HLB planned to complete audit by end-March 2026, using phased fieldwork starting early January 2026.

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. Sheen Tai Holdings Group Company Limited 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-20260427-12126312), on April 27, 2026, and is solely responsible for the information contained therein.