Elegance Optical Addresses Audit Concerns

Elegance Optical International Holdings Limited (HK:0907) has released an update.

Elegance Optical International Holdings Limited has disclosed additional information regarding their 2024 Annual Report’s auditor-qualified opinion on certain financial imponderables. Despite the auditor’s concerns over the recoverability of deposits and a convertible bond, the company stands by their impairment assessments, backed by an independent valuer’s expected credit loss evaluation. To reconcile discrepancies, the company plans to work with the auditor to resolve the audit modifications.

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