Bradaverse Education says auditor switch aims to cut costs, picks GTG at HK$ 700,000 fee

• Bradaverse Education issued a supplemental clarification on its auditor switch, citing cost-saving priorities amid a sharp business downscaling.
• Revenue fell 44.4% to HK$ 68,040 in FY2025; net assets dropped 54.9% to HK$ 49,357.
• Audit fees rose to HK$ 790,000 in FY2025 from HK$ 780,000 despite the contraction.
• Four firms bid for the FY2026 audit at HK$ 700,000 to HK$ 900,000; GTG quoted HK$ 700,000.
• Baker Tilly held at HK$ 750,000; it resigned on June 26, 2026 following fee talks tied to the group’s reduced scale.

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. Bradaverse Education (Int'l) Investments 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-20260903-12319474), on September 03, 2026, and is solely responsible for the information contained therein.