Sing Tao Proposes Re-Appointment of Baker Tilly as Auditor with 2026 Fee Range Set

Sing Tao News Corporation Limited ( (HK:1105) ) just unveiled an update.

Sing Tao News Corporation Limited has issued a supplemental announcement to its AGM circular concerning the re-appointment of Baker Tilly Hong Kong Limited as its auditor. The board, following the audit committee’s recommendation, will seek shareholder approval at the annual general meeting to re-appoint Baker Tilly from the conclusion of the AGM until the next AGM, with authority for the board to fix the auditor’s remuneration.

The company estimates the audit fee for Baker Tilly’s review of the group’s consolidated financial statements for the year ending 31 December 2026 at approximately HK$1.7 million to HK$1.9 million, excluding out-of-pocket expenses. The fee range was set after arm’s length negotiations, benchmarking against historical costs and market rates, and reflects the auditor’s familiarity with the group, which the board believes will support audit efficiency and is in the best interests of shareholders, with any material change in assumptions to be disclosed if needed.

More about Sing Tao News Corporation Limited

Sing Tao News Corporation Limited is a Hong Kong-based media group engaged in the publication of newspapers and other news-related content. The company operates through its subsidiaries to provide news and information services, with its shares listed on the Main Board of the Stock Exchange of Hong Kong under stock code 1105.

Average Trading Volume: 655,282

Technical Sentiment Signal: Sell

Current Market Cap: HK$166.4M

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