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Independent Auditor%u2019s ReportESR Group Limited Annual Report 2024121STRATEGIC REPORTSCORPORATE GOVERNANCEFINANCIAL STATEMENTSAUDITOR%u2019S RESPONSIBILITIES FOR THE AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS (continued)As part of an audit in accordance with HKSAs, we exercise professional judgement and maintain professional skepticism throughout the audit. We also:%u2022%u0009 Identifyandassesstherisksofmaterialmisstatementoftheconsolidatedfinancialstatements,whetherduetofraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.%u2022%u0009 Obtainanunderstandingofinternalcontrolrelevanttotheauditinordertodesignauditproceduresthatareappropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group%u2019s internal control.%u2022%u0009 Evaluatetheappropriatenessofaccountingpoliciesusedandthereasonablenessofaccountingestimatesandrelated disclosures made by the directors.%u2022%u0009 Concludeontheappropriatenessofthedirectors%u2019useofthegoingconcernbasisofaccountingand,basedonthe audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group%u2019s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor%u2019s report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor%u2019s report. However, future events or conditions may cause the Group to cease to continue as a going concern.%u2022%u0009 Evaluatetheoverallpresentation,structureandcontentoftheconsolidatedfinancialstatements,includingthedisclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.%u2022%u0009 Planandperformthegroupaudittoobtainsufficientappropriateauditevidenceregardingthefinancialinformationof the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are responsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion.