AMTD Digital Completed Its Auditor Rotation Process

Rhea-AI Summary

AMTD Digital Inc. (NYSE: HKD) has announced the appointment of Assentsure PAC as its new independent registered public accounting firm. This change is part of the company's auditor rotation policy and aligns with international best practices on auditor independence. The decision was initiated, supervised, and approved by the company's audit committee, following dismissal and appointment criteria governed by the committee. This move demonstrates AMTD Digital's commitment to maintaining transparency and adhering to high standards of corporate governance.

Positive

• Appointment of new auditor Assentsure PAC
• Adherence to auditor rotation policy
• Compliance with international best practices on auditor independence

Negative

• None.

PARIS & NEW YORK--(BUSINESS WIRE)-- AMTD Digital Inc. (“AMTD Digital” or the “Company,” NYSE: HKD) announced that its board of directors and the audit committee have approved the appointment of Assentsure PAC (“Assentsure”) as its independent registered public accounting firm.

The Company’s appointment of Assentsure is in line with the Company’s auditor rotation policy, as well as dismissal and appointment criterion and standards as governed and administered by the audit committee. This change was initiated, supervised and approved by the audit committee to conform with international best practices on auditor independence.

About AMTD Digital Inc.

AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in France. Its one-stop digital solutions platform operates four main business lines including digital solutions services, digital media, content and marketing services, digital investments as well as hospitality and VIP services. For AMTD Digital’s announcements, please visit https://ir.amtdigital.net/investor-news.

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 Digital Inc. 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 Digital Inc. with the SEC. All information provided in this press release is as of the date of this press release, and AMTD Digital Inc. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240716857500/en/

IR Office

AMTD Digital Inc.

ir@amtdigital.net

Source: AMTD Digital Inc.

FAQ

Why did AMTD Digital (HKD) change its auditor?

AMTD Digital (HKD) changed its auditor as part of its auditor rotation policy and to align with international best practices on auditor independence. The change was initiated, supervised, and approved by the company's audit committee.

Who is AMTD Digital's (HKD) new auditor?

AMTD Digital's (HKD) new auditor is Assentsure PAC, appointed as the company's independent registered public accounting firm.

How was the decision to change auditors made for AMTD Digital (HKD)?

The decision to change auditors for AMTD Digital (HKD) was made by the company's board of directors and audit committee, following dismissal and appointment criteria governed by the audit committee.

What is the significance of AMTD Digital's (HKD) auditor rotation?

AMTD Digital's (HKD) auditor rotation demonstrates the company's commitment to maintaining transparency, adhering to high standards of corporate governance, and following international best practices on auditor independence.