Heng Tai says proposed auditor QW CPA charges HK$800,000 for FY2025/26 audit, down from RSM’s HK$1.85 million

• Heng Tai issued a supplemental clarification on its auditor change, proposing shareholder approval to appoint Quentin Wong & Co. CPA from July 10, 2026.
• Proposed FY2025/26 audit fee set at HK$800,000, down from RSM’s HK$1.85 million for FY2024/25; budgeted 2,850 staff hours.
• Audit committee cited reduced operating scale, including a 34% interim revenue drop to HK$158.3 million, cutting expected audit work.
• Quentin Wong & Co. said AI-enabled analytics should improve audit efficiency without reducing scope; both firms are PIE auditors under AFRC oversight.
• Fee gap also attributed to branding, with RSM positioned as an international network firm, while staffing levels were described as broadly comparable.

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. Heng Tai Consumables Group Limited 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-20260828-12306952), on August 28, 2026, and is solely responsible for the information contained therein.