Blue River Holdings changes auditor after dispute over HK$ 1.4 million audit fee

• Blue River Holdings replaced auditor Crowe (HK) CPA with Zhonghui Anda CPA, effective May 19, 2026, following a dispute over the FY2026 audit fee.
• Crowe sought to raise the fee to HK$ 1.4 million from HK$ 1 million, citing a bigger-than-expected audit scope tied to the coal trading business launched in July 2025.
• The audit committee rejected the increase as not commercially justifiable, prompting Crowe’s resignation; both sides reported no other disagreements.
• Only initial FY2026 fieldwork had begun, with no material impact expected if a replacement audit is arranged promptly.
• Trading in the company’s shares has been suspended since May 7, 2026, pending satisfaction of resumption guidance issued May 14, 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. Blue River Holdings 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-20260519-12163972), on May 19, 2026, and is solely responsible for the information contained therein.