Bradaverse Education (Int’l) Investments Group Limited (BDV EDU INTL) has replaced Baker Tilly Hong Kong Limited with GTG CPA Limited as external auditor, effective 26 June 2026.

Baker Tilly resigned after the two parties failed to agree on an FY2026 audit fee. Baker Tilly had quoted HK$0.75 million, whereas GTG accepted the engagement for HK$0.70 million, representing a 6.7% saving and the lowest bid among four contenders (range: HK$0.70 million–0.90 million).

The Board and Audit Committee stated that Baker Tilly had not begun any FY2026 audit work, and no unresolved matters were identified. They do not expect the resignation to disrupt the completion or release of FY2026 results.

In assessing GTG, the Audit Committee cited the firm’s governance framework, sector experience, staffing plan with senior-level involvement, and adherence to ethical and independence standards. The committee concluded that the reduced fee will not compromise audit quality.

Key milestones for the FY2026 audit are: • Planning: late June–early July 2026 • Fieldwork: mid-July to early September 2026 • Finalisation: mid-September 2026 • Results announcement and auditor’s report: end-September 2026

GTG will serve until the next annual general meeting. The Board thanked Baker Tilly for past services and welcomed GTG to the role.