Sterling Group says auditor switch to Rongcheng cuts 2026 audit fee to HK$700,000

• Sterling Group issued a supplemental clarification on its auditor switch, citing failed fee talks with Baker Tilly amid a 35% revenue drop.
• Baker Tilly resigned on March 31, 2026; Rongcheng was appointed to fill the vacancy for the year ended March 31, 2026.
• Rongcheng’s proposed audit fee was HKD 700,000 versus HKD 1 million under discussion with Baker Tilly.
• The audit committee said Rongcheng’s lower pricing reflected April–July slack-season staffing, with planned audit hours broadly comparable to Baker Tilly.
• The company noted an AFRC reprimand of Rongcheng over 2022–2023 administrative breaches, with no audit-quality findings or misconduct alleged.

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. Sterling Group Holdings Ltd. 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-20260611-12199898), on June 11, 2026, and is solely responsible for the information contained therein.