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AMTD IDEA Completed Its Auditor Rotation Process

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AMTD IDEA Group announced the completion of its auditor rotation process, appointing Audit Alliance LLP as its new independent registered public accounting firm. The change was approved by the board of directors and audit committee to adhere to international best practices on auditor independence.

AMTD IDEA Group ha annunciato il completamento del suo processo di rotazione degli auditor, nominando Audit Alliance LLP come suo nuovo studio di revisione contabile indipendente registrato. Il cambiamento è stato approvato dal consiglio di amministrazione e dal comitato di revisione per aderire alle migliori pratiche internazionali sull'indipendenza degli auditor.
AMTD IDEA Group anunció la finalización de su proceso de rotación de auditores, designando a Audit Alliance LLP como su nueva firma de contabilidad pública independiente registrada. El cambio fue aprobado por la junta directiva y el comité de auditoría para adherirse a las mejores prácticas internacionales sobre la independencia del auditor.
AMTD 아이디어 그룹은 감사자 교체 절차를 완료했다고 발표하며, Audit Alliance LLP를 새로운 독립 등록 공인회계사로 임명했습니다. 이 변경은 이사회와 감사위원회의 승인을 받아 감사자의 독립성에 관한 국제적인 최고의 관행을 준수하기 위해 이루어졌습니다.
AMTD IDEA Group a annoncé l'achèvement de son processus de rotation des auditeurs, nommant Audit Alliance LLP comme son nouveau cabinet d'audit public indépendant enregistré. Le changement a été approuvé par le conseil d'administration et le comité d'audit afin de se conformer aux meilleures pratiques internationales en matière d'indépendance des auditeurs.
AMTD IDEA Group gab den Abschluss ihres Prüferwechselprozesses bekannt und ernannte Audit Alliance LLP zur neuen unabhängigen, registrierten öffentlichen Wirtschaftsprüfungsgesellschaft. Die Änderung wurde vom Vorstand und Prüfungsausschuss genehmigt, um den internationalen Best Practices zur Prüferunabhängigkeit zu entsprechen.
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PARIS & NEW YORK & SINGAPORE--(BUSINESS WIRE)-- AMTD IDEA Group (“AMTD IDEA” or the “Company,” NYSE: AMTD; SGX: HKB) announced that its board of directors and the audit committee have approved the change of its independent registered public accounting firm from Deloitte Touche Tohmatsu to Audit Alliance LLP (“Audit Alliance”), effective on April 22, 2024.

The Company appointed Audit Alliance as its independent registered public accounting firm to audit the consolidated financial statements of the Company as of and for the fiscal year ended December 31, 2023. This change was initiated, supervised and approved by the audit committee to conform with international best practices on auditor independence. The Company’s appointment of Audit Alliance as its independent registered public accounting firm is in line with the auditor rotation policy as well as dismissal and appointment criterion and standards as governed and administered by the audit committee.

About AMTD IDEA Group

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions group connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients’ diverse and inter-connected business needs and digital requirements across all phases of their life cycles as well as hospitality and VIP services. Through our unique eco-system – the "AMTD SpiderNet" - AMTD IDEA Group is uniquely positioned as an active superconnector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as “Twitter") at @AMTDGroup.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group with the SEC. All information provided in this press release is as of the date of this press release, and AMTD IDEA Group does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

IR Office

AMTD IDEA Group

ir@amtdinc.com

Source: AMTD IDEA Group

FAQ

When did AMTD IDEA complete its auditor rotation process?

AMTD IDEA completed its auditor rotation process on April 22, 2024.

Which firm was appointed as AMTD IDEA's new independent registered public accounting firm?

Audit Alliance LLP was appointed as AMTD IDEA's new independent registered public accounting firm.

Why was the change of accounting firms initiated?

The change of accounting firms was initiated to conform with international best practices on auditor independence.

What is the significance of the appointment of Audit Alliance for AMTD IDEA?

The appointment of Audit Alliance is in line with auditor rotation policy and standards governed by the audit committee.

AMTD IDEA Group American Depositary Shares, each representing six (6)

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