Key Highlights from the EGM

• Shareholders Unanimously Approve Appointment of New Auditor: At the Extraordinary General Meeting (EGM) held on 9 March 2026, shareholders of Wai Hung Group Holdings Limited voted in favor of appointing Prism CPA Limited as the new auditor of the Company with immediate effect. This change comes as part of the Company’s ongoing efforts to uphold strong corporate governance and transparency.
• Resolution Passed by 100% of Voting Shares: The ordinary resolution to appoint Prism CPA Limited received a total of 257,830,000 votes in favor, representing 100% of the votes cast, with no votes against. This overwhelming approval indicates strong shareholder confidence in the new auditor and the Company’s direction.
• No Abstentions or Votes Against: There were no shares that abstained from voting or voted against the resolution, and no shareholders were required to abstain under Hong Kong listing rules. Furthermore, there were no restrictions preventing any shareholder from voting.
• Board Authorization: The board of directors has been authorized to fix the remuneration of the newly appointed auditor, Prism CPA Limited.

Details for Investors and Shareholders

• Significance of Auditor Appointment: The appointment of a new auditor is always an important event for listed companies as it directly impacts the integrity and credibility of the Company’s financial reporting. Any change in auditor can be viewed as a potential inflection point for future financial disclosures and may affect investor sentiment. Investors should closely monitor future announcements and the first audit conducted by Prism CPA Limited for any changes in audit opinion or disclosure practices.
• Shareholder Participation: As of the date of the EGM, Wai Hung Group Holdings Limited had a total of 605,580,000 shares in issue, representing the total number of shares entitled to attend and vote at the meeting.
• Transparency of Voting Process: The poll was scrutinized by Tricor Investor Services Limited, ensuring the transparency and integrity of the voting process.
• Full Board Attendance: All directors, including executive, non-executive, and independent non-executive directors, attended the EGM either in person or by electronic means, highlighting the importance of the meeting and the resolution being considered.
• Potential Price Sensitivity: While the change of auditor itself is not accompanied by any adverse remarks or controversies, investors should be aware that auditor changes can sometimes precede or follow significant strategic or financial developments. However, in this instance, there is no indication of any disputes or resignations that might otherwise be a cause for concern.

Board Composition (as of Announcement Date)

• Executive Directors: Mr. Li Kam Hung, Mr. Yu Ming Ho, Mr. Yau Yik Ming Leao, Ms. Chen Jianyu, Mr. Song Yanyang, Mr. Kwan Hung Chun Curtus
• Non-Executive Director: Mr. Li Chun Ho (Chairman)
• Independent Non-Executive Directors: Mr. Tam Tsz Hin, Mr. Yu Kwan Tseung, Alvin, Mr. Yuan Fangjun, Mr. Zhou Zhengcheng

Conclusion

The unanimous approval of Prism CPA Limited as the new auditor of Wai Hung Group Holdings Limited underscores a significant event in the Company’s corporate governance calendar. While no immediate controversies or adverse circumstances have been disclosed, stakeholders are advised to monitor ongoing disclosures, as any future changes in financial reporting or auditor opinions could have a material impact on share value. The transparency of the process and full board participation add confidence, but the transition phase to a new auditor always warrants careful observation.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are encouraged to conduct their own due diligence and consult with professional advisors before making any investment decisions. The information is derived from published company announcements and is believed to be accurate as of the date of publication but may be subject to change without notice.

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