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Wisdom Sports Group ( (HK:1661) ) has issued an update.
China Frontier Technology Group has announced a change of auditor after Infinity CPA Limited resigned effective 18 December 2025 due to an inability to agree on the audit fee for the financial year ending 31 December 2025. Both the board and Infinity stated there were no other disagreements or issues related to the resignation, and the company emphasized that Infinity had not yet begun audit work for 2025 and that the change is not expected to affect the timing or conduct of its annual audit or results. On the recommendation of its audit committee, the board has appointed Prism Hong Kong Limited as the new auditor to fill the vacancy until the next annual general meeting, citing Prism’s experience with listed companies, technical competence, independence and market reputation, and asserting that the new appointment is in the best interests of the company and its shareholders.
The most recent analyst rating on (HK:1661) stock is a Sell with a HK$0.69 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 company listed on the Hong Kong Stock Exchange. The group operates through various subsidiaries, though this announcement focuses on its corporate governance and audit arrangements rather than detailing specific operating segments or products.
Average Trading Volume: 72,028
Technical Sentiment Signal: Sell
Current Market Cap: HK$150.3M
For a thorough assessment of 1661 stock, go to TipRanks’ Stock Analysis page.