BAIWANG CO (06657) appoints Rongcheng Accounting Firm as the new independent auditor.

Baiwang Co (06657) announces that, after friendly negotiations and reaching consensus with the company, Deloitte Touche Tohmatsu Certified Public Accountants will retire as the company's independent auditor at the end of its current term at the annual general meeting of shareholders, and will not be reappointed as the independent auditor for the fiscal year ending December 31, 2025. The Board of Directors recommends appointing RSM Hong Kong as the company's new independent auditor after Deloitte Touche Tohmatsu retires, with the term effective at the end of the annual general meeting of shareholders and lasting until the end of the next annual general meeting of shareholders, subject to approval by the company's shareholders at the annual general meeting.