GEOTECH HLDGS(01707): Resignation of Auditors

GEOTECH HLDGS (01707) announced that the resignation of the company's auditor, PricewaterhouseCoopers Hong Kong, will take effect on November 21, 2025. This is due to the sanction imposed by the US Department of the Treasury's Office of Foreign Assets Control on Mr. Chan Chi, former executive director and controlling shareholder of the company, for his alleged involvement in online fraud and money laundering activities of the Prince Group international criminal organization on October 14, 2025. This accusation has caused a conflict with PricewaterhouseCoopers' ethical responsibility and continuous customer service policy, thus they believe that it is not appropriate to continue their cooperation with the company and therefore cannot continue to serve as the company's auditor.