Global Mastermind Holdings Limited — Audit Report / Information 2020

Dec 10, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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Global Mastermind Holdings Limited 環球大通集團有限公司 *

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8063)

CHANGE OF AUDITOR

This announcement is made by the board of directors (the “ Board ”) of Global Mastermind Holdings Limited (the “ Company ”, which together with its subsidiaries are collectively referred to as the “ Group ”) pursuant to Rule 17.50(4) of the Rules Governing the Listing of Securities (the “ GEM Listing Rules ”) on GEM of The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”).

RESIGNATION OF AUDITOR

The Company announces that on 10 December 2021, it received a written notice (the “ Resignation Notice ”) from Moore Stephens CPA Limited (“ Moore Stephens ”) notifying the Company of the resignation of Moore Stephens as auditor of the Group with immediate effect. In the Resignation Notice, it was stated that: (a) it was Moore Stephens’ normal procedures to make an annual consideration of whether they wish to continue to act for their audit clients; (b) in reaching such a conclusion, Moore Stephens took into account many factors including the professional risk associated with the audit, the matters as described in the section headed “ Basis of disclaimer of opinion ” of the independent auditors’ report in the Company’s annual report for the year ended 31 December 2020 issued and dated on 29 March 2021 (the “ Matters relating to the Disclaimer of Opinion ”), the level of audit fees and their available internal resources in the light of current work flows; and (c) after careful consideration, Moore Stephens decided to tender their resignation as auditor of the Group.

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In the Resignation Notice, Moore Stephens confirmed that save and except the Matters relating to the Disclaimer of Opinion, there are no matters that need to be brought to the attention of the holders of securities of the Company. Save for the matters stated in the Resignation Notice as summarized above, the Company is of the view that there are no other matters in relation to the resignation of Moore Stephens that need to be brought to the attention of the holders of securities of the Company.

The Board would like to take this opportunity to express its sincere gratitude to Moore Stephens for its professional services rendered for the past years.

APPOINTMENT OF AUDITOR

With the recommendation of the Audit Committee, the Board has resolved to appoint HLB Hodgson Impey Cheng Limited as the auditor of the Group on 10 December 2021 to fill the casual vacancy following the resignation of Moore Stephens and to hold office until the conclusion of the next annual general meeting of the Company.

By Order of the Board Global Mastermind Holdings Limited Cheung Kwok Wai, Elton Chairman & Executive Director

Hong Kong, 10 December 2021

As at the date of this announcement, the Board comprises Mr. Cheung Kwok Wai, Elton, Mr. Mung Kin Keung and Mr. Mung Bun Man, Alan as executive Directors; and Mr. Law Kwok Ho, Kenward, Mr. Fung Wai Ching and Mr. Lai Hok Lim as independent non-executive Directors.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the GEM website at www.hkgem.com on the “Latest Listed Company Information” page for at least seven days from the date of its posting and on the Company’s website at www.globalmholdings.com.

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