Radiance Holdings’ Auditor Ernst & Young to Retire After Going-Concern Disclaimer
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Radiance Holdings (Group) Company Limited announced that Ernst & Young will retire as its auditor after the upcoming annual general meeting, due to factors like audit fees and resource allocation. Ernst & Young previously issued no opinion on the group's 2025 financial statements due to concerns over going concern assumptions. The company plans to appoint a new auditor in compliance with listing requirements. The departure may raise investor concerns about Radiance Holdings' financial stability, and management's assurance of a smooth transition aims to mitigate governance issues.
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