China Frontier Tech says ex-auditor quit over workload, not financial reporting issues

• China Frontier Technology Group issued a supplemental clarification on its auditor change for the year ended Dec. 31, 2025.
• Outgoing auditor Infinity CPA cited professional risk tied to higher workload from a new functional materials trading segment.
• Board said the resignation reflected capacity and fee constraints, not concerns over the group’s financial reporting.
• New auditor Prism Hong Kong agreed an audit fee of HKD 750,000 versus HKD 850,000 previously proposed by Infinity.
• Audit committee said Prism’s staffing and hours were broadly comparable, with no expected compromise on audit quality despite past AFRC administrative findings.

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. China Frontier Technology Group published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260604-12191017), on June 04, 2026, and is solely responsible for the information contained therein.