Precious Dragon Technology Holdings Limited (1861.HK) Announces Poll Results of EGM and Change of Auditor
Date: 17 July 2026
Location: Hong Kong
Key Highlights
- Extraordinary General Meeting (EGM) was held on 17 July 2026.
- All proposed resolutions were passed by shareholders via poll with 100% approval.
- Removal of Ernst & Young as the Company’s auditor with immediate effect.
- Appointment of RSM Hong Kong as the new auditor, effective immediately after the EGM, to hold office until the next annual general meeting.
- Board authorized to fix the remuneration of RSM Hong Kong and to handle all related matters.
- No shareholders abstained from or voted against the resolutions, and no shareholders were required to do so under HKEX Listing Rules.
Detailed Report
Background
Precious Dragon Technology Holdings Limited convened an Extraordinary General Meeting (EGM) on 17 July 2026, primarily to address a significant corporate matter: the proposed change of the Company’s auditor. This follows the issuance of a Circular and Notice to shareholders on 26 June 2026.
Voting Results
- Total number of shares in issue as of EGM date: 233,917,250.
- Total shares eligible to vote: 233,917,250.
- 181,921,500 shares were voted, representing 100% in favour and 0% against each resolution.
- No treasury shares were held by the Company.
- No shareholders were required to abstain from voting, nor did any indicate an intention to vote against or abstain.
Resolutions Passed
- Removal of Ernst & Young as Auditor: Shareholders approved the removal of Ernst & Young as the Company’s auditor with immediate effect. The Board is authorized to take all necessary and desirable actions to effect this change.
- Appointment of RSM Hong Kong as Auditor: Conditional upon the removal, RSM Hong Kong was appointed as the new auditor to hold office until the next annual general meeting. The Board is also authorized to fix their remuneration and to execute all required documents and acts for the appointment.
Important Information for Shareholders
- Change of Auditor is a potentially price-sensitive event: Such changes may indicate underlying differences between management and the outgoing auditor, or a strategic shift in the Company’s audit approach. Investors often scrutinize auditor changes for potential impacts on financial reporting, transparency, and corporate governance.
- Unanimous Shareholder Support: The 100% approval rate suggests broad shareholder confidence in the proposed changes and the Board’s ongoing governance.
Corporate Governance and Board Attendance
All Directors of Precious Dragon Technology Holdings Limited attended the EGM, reflecting strong corporate governance practices and commitment to shareholder engagement.
Directors
- Executive Directors: Ms. Ko Sau Mee (Chairlady), Ms. Lin Hing Lei, Mr. Lin Hing Lung, Mr. Yang Xiaoye
- Independent Non-Executive Directors: Mr. Lee Yiu Pui, Mr. Poon Tak Ching, Mr. Pang Cheung Wai, Thomas
Potential Impact on Share Price
This news is potentially price sensitive. Auditor changes can affect investor perception of the Company’s financial integrity and future outlook. While changes do not always imply issues, investors may react to both the rationale and the parties involved in such a significant shift in the Company’s oversight and financial reporting.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult professional advisors before making investment decisions. The author and publisher accept no liability for any losses arising from reliance on this information.
