China Frontier Technology Group Moves to Replace Auditor Over Fees, Taps Prism Hong Kong

Wisdom Sports Group ( (HK:1661) ) just unveiled an update.

China Frontier Technology Group has announced a proposed change of auditor, with existing auditor Infinity CPA Limited set to resign upon shareholder approval at an extraordinary general meeting, and Prism Hong Kong Limited to be appointed to fill the resulting vacancy until the next annual general meeting. The shift follows unsuccessful negotiations with Infinity over audit fees and timing, and a competitive selection process in which Prism offered a lower fee and demonstrated strong experience auditing Hong Kong-listed companies, as well as operational efficiency and access to relevant experts. The board and audit committee state there are no other matters needing shareholder attention in relation to the resignation, emphasize that Infinity had only begun preliminary planning work for the 2025 audit, and expect the change to have no significant impact on the timetable or quality of the Group’s annual audit and results, underscoring a focus on cost management without compromising audit standards.

The most recent analyst rating on (HK:1661) stock is a Hold with a HK$0.96 price target. To see the full list of analyst forecasts on Wisdom Sports Group stock, see the HK:1661 Stock Forecast page.

More about Wisdom Sports Group

China Frontier Technology Group, formerly known as Wisdom Sports Group, is a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange. The group operates through subsidiaries and is subject to Hong Kong’s listed-company governance and audit requirements, engaging external auditors to review and certify its consolidated financial statements for shareholders and regulators.

Average Trading Volume: 147,249

Technical Sentiment Signal: Hold

Current Market Cap: HK$180.8M

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