GMT Data

PwC

CompanyStock CodeFromToRelease Date / Document LinksReason for Change
CIRTEK HLDGS0143315-Oct-25
01-Jun-26 101-Jun-26 2
Continuous disagreement in conducting the audit works in relation to the Overseas Payment. The company and PwC failed to reach a consensus on the audit and investigation arrangement following up the Payment Issues. The disagreements have led to the delay in publication of the 2025 Annual Results, and the suspension of trading since 31 March 2026. The Board considered that it would be in the best interest for the Company to terminate the audit relationship with PwC and to identify a suitable new auditor, such that the audit works can be completed as soon as possible. The board resolved to propose the removal of PwC as the auditor.
METASURFACE0863715-Jan-25
3DG HOLDINGS0288220-Dec-24
CHINA MER PORT0014427-May-24
SICHUAN EXPRESS0010723-May-24
CHINA MERCHANTS0013321-May-24
CH OVS G OCEANS0008122-Apr-24
CHI MER LAND0097820-Mar-24
EXPERT SYS0831902-Feb-24
A GXASINNOVATOR0305131-Mar-22
GX HS HIGH DIV0311031-Mar-22
GX HS ESG0302931-Mar-22
GX CN SEMICON-U0919131-Mar-22
FI GX HSCEI0736231-Mar-22
F GX OIL0309731-Mar-22
GX CN BIOTECH0282031-Mar-22
GX CN EV BATT0284531-Mar-22
GX CN ROBO&AI0280731-Mar-22
GX CN CLN EN0280931-Mar-22
GX MSCI CHINA0304031-Mar-22
A GX META0300631-Mar-22
GX CN GAME&ENT0311731-Mar-22
GX CN GL LEADER0305031-Mar-22
GX CN ROBO&AI-U0980731-Mar-22
FI GX HSI0733631-Mar-22
A GXCNINNOVATOR0305831-Mar-22
GX AUTO EV0284931-Mar-22
GX CSI300-R8312731-Mar-22
GX CN CONSUME0280631-Mar-22
GX CN CLOUD0282631-Mar-22
GX CN BIOTECH-U0982031-Mar-22
GX CN SEMICON0319131-Mar-22
FL2 GX HSI0723131-Mar-22
XI GX S&P5000732231-Mar-22
GX CSI3000312731-Mar-22
GX CN CONSUME-U0980631-Mar-22
FL2 GX HSCEI0723031-Mar-22
GX CN CLOUD-U0982631-Mar-22
GX CN ECOM&LOG0312431-Mar-22
A GX EV BATT0313931-Mar-22
GX CN EV BATT-U0984531-Mar-22
GX ASIA SEMICON0311931-Mar-22
GX FINTECH0318531-Mar-22
GX CN CLN EN-U0980931-Mar-22
DA SEN HLDGS01580
24-Feb-22 124-Feb-22 2
The Board has approved the appointment of Grant Thornton as the auditors of the Company to fill the casual vacancy following the resignation of PwC, pending the completion of certain internal procedures as required by Grant Thornton. The Company has since been advised by Grant Thornton that it may not have adequate human resources to carry out and complete the audit of the consolidated financial statements of the Group for the year ended 31 December 2021 within the respective deadlines
RONSHINE SERV02207
23-Mar-22
Not Specified
WENYE GROUP01802
20-Jun-22
Not Specified
JINGRUI HLDGS01862
27-Jun-22
Not Specified
JINGRUI N240140866
27-Jun-22
Not Specified
JINGRUI N220705603
27-Jun-22
Not Specified
JINGRUI N231040659
27-Jun-22
Not Specified
DOWELL SERVICE02352
28-Jun-22 128-Jun-22 228-Jun-22 3
Retirement upon expiration of its current term of office
AUSNUTRIA01717
A-LIVING03319
27-Feb-23
Not able to issue its review report before the Company was due to publish the Interim Results.
YX REIT N260240577
09-Mar-23
Rotation of Auditor after an appropriate period of time is a good corporate governance practice.
LINEKONG08267
30-Jun-23 130-Jun-23 2
Could not reach a consensus on the audit fee.
REDCO HEALTHY02370
25-Jul-23
Not Specified
SRE GROUP01207
04-Mar-24
Retirement of PwC
CMC REIT01503
JIAYUAN B250140779
07-May-24
Not Specified
JIAYUAN INTL02768
07-May-24
Not Specified
PETROCHINA00857
14-Nov-24 114-Nov-24 214-Nov-24 3
Not Specified. Appointed international auditor: KPMG and domestic auditor KPMG Huazhen LLP
CHINA TELECOM00728
30-Jul-24
Company’s needs for audit services and in accordance with the relevant requirements for the selection and appointment of accounting firms by state-owned enterprises
FUYAO GLASS03606
06-Aug-24
In view of recent issues related to the Company’s auditors, combined with market information, based on principle of prudence, and taking into account the Company’s current business situation and the future needs of audit services.
BANK OF CHINA03988
19-Aug-24
Not Specified
BOC 20USDPREF04619
19-Aug-24
Not Specified
BOC HONG KONG02388
29-Aug-24
Not Specified
MINSHENG BANK01988
30-Sep-24 130-Sep-24 230-Sep-24 3
Based on the principle of prudence, the Bank proposed to terminate the appointment of auditing firms for 2024. Resigned international auditor: PricewaterhouseCoopers and domestic auditor PricewaterhouseCoopers Zhong Tian LLP, appointed international auditor: KPMG and domestic auditor KPMG Huazhen LLP
BANK OF TIANJIN01578
21-Nov-24 121-Nov-24 2
Taking into account market information and based on the principle of prudence, and having considered the Bank’s current business conditions and the demand for future audit services, the Bank proposed to terminate the appointment of PricewaterhouseCoopers Zhong Tian LLP and PricewaterhouseCoopers (collectively “PwC”) as the accounting firms for the Bank’s 2024 audit. The term of office of PwC will expire when the relevant resolutions on the termination of appointment of accounting firms are considered and approved at the shareholders’ general meeting. Resigned international auditor: PricewaterhouseCoopers and domestic auditor PricewaterhouseCoopers Zhong Tian LLP, appointed international auditor: KPMG and domestic auditor KPMG Huazhen LLP Accountants LLP
GRCB01551
28-Nov-24 128-Nov-24 2
In light of market information, based on the principle of prudence and taking into account the Bank’s business needs and demand for audit services, the Board proposes to change from PwC to the consortium of Deloitte Touche Tohmatsu Certified Public Accountants LLP and Deloitte Touche Tohmatsu as the domestic and international auditors of the Bank’s financial statements for the year ending December 31, 2024. Resigned international auditor: PricewaterhouseCoopers and domestic auditor PricewaterhouseCoopers Zhong Tian LLP, appointed international auditor: Deloitte Touche Tohmatsu and domestic auditor Deloitte Touche Tohmatsu Certified Public Accountants LLP
LANCANG TEA06911
03-Dec-24 103-Dec-24 203-Dec-24 303-Dec-24 4
PwC was informed by the Company that the Board has decided to propose the appointment of another auditor taking into account the Company’s development needs as well as increasing profitability through cost reduction.
CHINACOMSERVICE00552
10-Dec-24 110-Dec-24 210-Dec-24 3
Not Specified. Resigned international auditor: PricewaterhouseCoopers and domestic auditor PricewaterhouseCoopers Zhong Tian LLP, appointed international auditor: KPMG and domestic auditor KPMG Huazhen LLP Accountants LLP
GENOR-B06998
04-Feb-25 104-Feb-25 2
The Company, the Audit Committee and PwC had multiple discussions in relation to the information and documentation required for the audit of the annual results for the financial year ended 31 December 2024. Although the Company had used all its reasonable endeavours to satisfy the requests, the Company was concerned that the timeline proposed by the Company for publishing the annual results for the financial year ended 31 December 2024 may not be met. After considering the facts and circumstances, the management of the Company proposed to the Audit Committee the removal of PwC as auditors. The Audit Committee reviewed the management’s proposal and after evaluating all relevant information, the Audit Committee agreed with the management’s proposal and recommended that the Board seek shareholder approval for the Proposed Removal. The Board is of the view that the Proposed Removal of PwC, together with the Proposed Appointment of EY, will enable the Company to continue to maintain audit quality and at the same time fulfill the timeline, and thus it is in the interests of the Company and the Shareholders as a whole. PwC subsequently issued a letter disagreeing with the reason given by the company; see announcement for copy of the letter.
YIBIN BANK02596
06-Mar-25 106-Mar-25 206-Mar-25 3
The term of appointment expired upon the successful listing of the Bank. The Bank did not appoint any international auditor prior to the appointment of Confucius International CPA Limited as the international auditor of the Bank. The Bank has communicated with PricewaterhouseCoopers on the change of auditor, and has been informed that it has no disagreement on the change of auditor.
CIRRUS02507
03-Jun-26 103-Jun-26 2
Given the length of PwC’s and PwC US’s tenure as the auditors of the Group, and in order to maintain good corporate governance and ensure the independence and objectivity of the audit, it is an appropriate time to rotate the Auditor.
XUANWU CLOUD0239226-Jun-26
03-Jun-26 103-Jun-26 2
Could not reach a consensus in respect of the proposed audit fee arrangement with PwC. In addition, the Board and the Audit Committee have taken into account that PwC has served as the auditor since its listing, and that the timely rotation of external auditor would be conclusive to maintaining good corporate governance practices as well as the independence and objectivity of the external audit function.
BIODLINK-B0187526-Jun-26
04-Jun-26
PwC will retire as auditor of its current term at the conclusion of the AGM. Having regard to the length of PwC’s tenure, the Board considers that rotation of auditor after an appropriate period of time is a good corporate governance practice. it is understood that WuXi XDC, the controlling Shareholder, has also proposed to appoint Deloitte as the auditor for 2026. If the same audit firm as that appointed by WuXi XDC is engaged to provide services, it is believed that there will be greater advantages in the future in terms of facilitating communication mechanisms, improving audit efficiency and controlling costs and expenses.
ZA ONLINE0606023-Jun-26
22-May-26 122-May-26 2
To maintain good corporate governance practice in rotating the Company’s auditors after an appropriate period of time, given that the current international auditors, PricewaterhouseCoopers and the current PRC auditors, PricewaterhouseCoopers Zhong Tian LLP have served as the auditors for ten consecutive accounting years.
KINTOR PHARMA-B0993918-Jun-26
26-May-26
Given the length of PwC’s tenure, since 2017, and in order to maintain good corporate governance and ensure the independence and objectivity of the audit, it is an appropriate time to rotate the Auditor.
SCHOLAR EDU0176918-Jun-26
27-May-26 127-May-26 2
Having considered that PricewaterhouseCoopers has served as the auditor for ten consecutive years, the Board initiated the procurement and selection process after comprehensively considering the Company’s business development, cost effectiveness and needs for audit services.
SINOLINK HOLD0116831-May-2208-Jun-26
30-Apr-26
PwC will retire as auditor of the Company upon expiration of its current term of office at the conclusion of the AGM. The Board considers that the change of auditors is in the best interests, primarily to achieve better audit efficiency through alignment with a major investment accounted for using the equity method of the Group, which is currently audited by Deloitte. Furthermore, Deloitte possesses extensive knowledge of the Group’s business operations and historical financial reporting, having previously served as the auditor of the Company from its initial public offering until 2022. This prior experience is expected to facilitate a seamless transition and ensure the continued maintenance of high audit quality.
Z FIN0116808-Jun-26
08-Jun-26 108-Jun-26 2
The change of auditors is primarily to achieve better audit efficiency through alignment with a major investment accounted for using the equity method of the Group, which is currently audited by Deloitte. The Board believes that such alignment will significantly streamline the audit process and improve communication efficiency between the Company and its associate.
LIANLIAN0259805-Jun-26
13-May-26 113-May-26 2
Given that PwC has been serving as the auditor since 2017, the audit committee and the Board have decided to change the auditor, and in their opinion, in order to maintain good corporate governance practices.
DAHSING BANKING0235605-Jun-26
05-Jun-26 105-Jun-26 2
Having considered the tenure of PwC as the Group’s auditor and in line with market corporate governance practices, the Board initiated a tender process for the role of external auditor. Following the conclusion of the tender, the Board approved the recommendation of the AC to appoint KPMG.
DAH SING0044005-Jun-26
05-Jun-26 105-Jun-26 2
Having considered the tenure of PwC as the Group’s auditor and in line with market corporate governance practices, the Board initiated a tender process for the role of external auditor. Following the conclusion of the tender, the Board approved the recommendation of the AC to appoint KPMG
BIODLINK-B0187504-Jun-26
04-Jun-26
PwC has been serving as the auditor since the listing in 2019. Having regard to the length of PwC’s tenure, the Board has decided to change the auditor, as it considers that the change of auditors is in the best interests of the Company and believes that aligning the auditor firm with that of its controlling shareholder will streamline the audit process and enhance communication efficiency.
DAH SING0044030-May-26
20-Aug-25
Having considered the tenure of PricewaterhouseCoopers as the Group’s auditor and in line with market corporate governance practices, the Board initiated a tender process for the role of external auditor for FY 2026.
DAHSING BANKING0235630-May-26
20-Aug-25
Having considered the tenure of PricewaterhouseCoopers as the Group’s auditor and in line with market corporate governance practices, the Board initiated a tender process for the role of external auditor for FY 2026
CHANGAN RH0813920-May-26
26-May-26 126-May-26 2
PWC has been serving as the auditor of the Company for eleven consecutive years. Having taken into consideration the actual circumstances of the Company’s business development, the needs for audit services and cost effectiveness, the Board considers that rotation of the auditor at an appropriate time will be in the best interests of the Company and its Shareholders as a whole.
HKEX0038830-Apr-26
05-Nov-25
Retirement as part of the Group’s commitment to maintaining the highest standards of corporate governance.
HKEX,HKEX-R00388,8038829-Apr-26
17-Mar-26
In line with the Group’s commitment to maintaining the highest standards of corporate governance, the Group conducted an audit tender for the year ending 31 December 2026. Selected accounting firms, including the current auditor, PwC, were invited to participate in the tender process. Following the conclusion of the tender the Board resolved to appoint KPMG as the external auditor,, subject to the approval of the Shareholders at the AGM.
HKEX0038829-Apr-26
29-Apr-26
Retirement.
HKEX-R8038829-Apr-26
29-Apr-26
Not Specified
HONLIV HEALTH0990624-Mar-26
21-Apr-26 121-Apr-26 2
During the course of its audit, PwC became aware that bank loan in the principal amount of RMB63,000,000 and subsequent payments with equivalent amount which were not recorded in the financial statements at the time. PwC reported such matter to the audit committee and has recommended the Audit Committee establish an independent investigation committee to conduct an independent review of the Matter. PwC has stated that as of the date of the Resignation Letter, PwC has not been able to obtain all the necessary information and documents for them to continue the annual audit for FY2025, including to perform the necessary audit procedures in relation to the Matter.
HC GROUP0228020-Mar-26
23-Mar-26
PwC was unable to assess the nature, timing and scope of additional audit procedures necessary or commit to a timetable about the completion of the additional procedures with respect to the matters in the independent investigation, and that the Company did not accept PwC’s additional audit fee to be incurred.
ETERNAL BEAUTY0688316-Mar-26
26-May-26 126-May-26 2
PwC was unable to assess the nature, timing and scope of any additional audit procedures necessary or commit to a definitive timetable about the completion of the additional procedures with respect to certain agreements entered into by the Company shortly after its initial public offering with three service providers for services (including public relations, data analysis and consultancy, and social media promotion services over a period of multiple years) under which the Company made upfront payments of HK$70m, and the Company did not accept PwC’s additional audit fee to be incurred. As of the date of the Resignation Letter, PwC had not received the requested detailed scope of the Investigation, nor the requested explanation, documents or information in respect of the Matters. PwC therefore indicated that it could not commit a definite timetable about the completion of the additional procedures.
ARRAIL GROUP0663913-Feb-26
15-Feb-26
PwC has stated in its resignation letter that up to the date of the resignation letter, PwC has not been provided with the relevant information as requested. PwC has also stated in its resignation letter that the Board’s decision made it clear that PwC would be unable to obtain the information necessary to allow them to complete the 2025 Interim Review or to fulfil their subsequent obligation to audit the Group’s consolidated financial statements for the year ending 31 March 2026, pursuant to their appointment as the Company’s auditors at the Company’s last annual general meeting held on September 26, 2025. After careful consideration of the circumstances described above, PwC has agreed to resign as the auditor of the Company and terminate the 2025 Interim Review with effect from February 13, 2026.
WING LEE DEV0963930-Jan-26
30-Jan-26
Unable to reach a consensus regarding the audit fee for the year ending 31 March 2026.
ZHIXIN GP HLDG0218717-Dec-25
17-Dec-25
Could not reach a consensus on the proposed auditor’s remuneration for 2025. PwC proposed an increase to reflect the increased audit effort in consideration of the impact of the Group’s business expansion in 2025 and the sustained operating losses. However, the Company, having considered its cost control measures, was unable to agree to the proposed fee increase.
ZHIXIN GP HLDG0218717-Dec-25
10-Mar-26 110-Mar-26 2
CLARIFICATION ANNOUNCEMENT - should be read as “The audit fee for the year ended 31 December 2025 proposed by PwC was RMB2.7 million, which was higher than the audit fee of RMB2.45 million for the year ended 31 December 2024, representing an increase of approximately 10.2%”.
EPRINT GROUP0188412-Dec-25
06-Feb-26 106-Feb-26 2
Could not reach a consensus on the proposed audit fee of PwC for the year ending 31 March 2026. Consequently, PwC, upon the request of the Company, has agreed to resign.
QEEKA HOME0173905-Dec-25
05-Dec-25
Could not reach consensus on the proposed auditor’s remuneration for the financial year ending December 31, 2025.
QEEKA HOME0173905-Dec-25
28-Apr-26
The Company would like to provide supplementary information on chronology of events leading to the change of auditors. Unable to reach consensus on the proposed auditor fees for the year ending December 31, 2025 between PwC and the Company.
JIA YAO HLDGS0162628-Nov-25
28-Nov-25
Unable to reach an agreement on the audit fee for the year ending 31 December 2025.
JINKE SERVICES0966628-Nov-25
28-Nov-25
Could not reach a consensus on the audit fee for the year ending 31 December 2025.
CLOUDBREAK-B0259227-Nov-25
27-Nov-25
Could not reach a consensus on the audit fee.
WK GROUP0253525-Nov-25
25-Nov-25
Could not reach a consensus on the audit fee.
GUAN CHAO HLDGS0187221-Nov-25
21-Nov-25
Could not reach a consensus on the audit fee for the financial year ending 31 December 2025.
TYCOON GROUP0339021-Nov-25
21-Nov-25
Could not reach a consensus in respect of the audit fee for the year ending 31 December 2025; consequently, PwC resigned as the auditor of the Company with effect from 21 November 2025.
FSM HOLDINGS0172107-Nov-25
07-Nov-25
The U.S. Department of the Treasury’s Office of Foreign Assets Control (‘OFAC’) designated Mr. Li Thet, a former executive director and the controlling shareholder, under the sanctions administered by the OFAC on 14 October 2025 in connection with his alleged involvement with the Prince Group Transnational Criminal Organization relating to online scams and money laundering activities. This designation gives rise to a conflict with PwC’s ethical responsibilities and client continuance policies, such that PwC has determined it would be inappropriate to maintain its association with the Company and accordingly is unable to continue in its capacity as the Company’s auditor.
TAILAM TECHCON0619306-Nov-25
06-Nov-25
Could not reach a consensus on the proposed audit fee of PwC for the year ending 31 December 2025.
PING AN HKDIV0307031-Oct-25
24-Oct-25
Not Specified
PA TECHSELECT0340631-Oct-25
24-Oct-25
Not Specified
PA EW SELECT0347731-Oct-25
24-Oct-25
Not Specified
PING AN HKDIV-U0907031-Oct-25
24-Oct-25
Not Specified
PA TECHSELECT-U0940631-Oct-25
24-Oct-25
Not Specified
PA EW SELECT-U0947731-Oct-25
24-Oct-25
Not Specified
BWI INT'L0233910-Nov-2330-Oct-25
30-Oct-25
Considering the efficiency of future audit and group reporting arrangement of the Group, the Company would like to align its appointment of an auditor with that of its controlling shareholder.
JNBY0330630-Oct-25
08-Oct-25 108-Oct-25 2
PwC has been holding office as the auditor since its listing in 2016, the audit committee and the Board decided to change the auditor and are of the view that the proposed change of auditor is consistent with good corporate governance measures, beneficial to maintaining the independence and objectivity of external auditor, and in the best interests of the Company and its Shareholders as a whole.
WISE LIVING TEC0248128-Oct-25
24-Nov-25 124-Nov-25 224-Nov-25 3
Could not reach a consensus on the fee for the audit of the consolidated financial statements of the Group for the year ending 31 December 2025.
MAOYE INT'L0084807-May-2424-Oct-25
24-Oct-25
Could not reach a consensus on the audit fee.
HK FINANCE GP0127324-Oct-25
24-Oct-25
Could not reach a consensus on the proposed auditor’s remuneration for the financial year ending 31 March 2026.
NAMESON HLDGS0198229-Sep-25
29-Sep-25 129-Sep-25 229-Sep-25 3
A consensus on the proposed auditor’s remuneration for the financial year ending 31 March 2026 could not be reached.
YADEA0158522-Sep-25
22-Sep-25
Not Specified
WEILI HOLDINGS0237203-Sep-25
03-Sep-25
Could not reach a consensus on the fee for the audit of the consolidated financial statements of the Group for the financial year ending 31 December 2025.
SPEEDY GLOBAL0054029-Aug-25
19-Sep-25 119-Sep-25 2
Could not reach a consensus on the proposed auditor’s remuneration for the financial year ending 31 December 2025.
CHINA WATER0085518-Aug-25
25-Aug-25 125-Aug-25 2
Taking into account that PwC has served as the auditor since the financial year ended 31 March 2017, the Board and the audit committee considered that it is the appropriate time to rotate the auditor for upholding good corporate governance and maintaining the independence of the Company’s auditor.
SUNART RETAIL0680814-Aug-25
18-Jul-25 118-Jul-25 2
In view of the business needs of the Company and to maintain good corporate governance practice in rotating the Company’s auditors after an appropriate period of time.
MINIEYE0243113-Aug-25
25-Jul-25 125-Jul-25 2
The term of office of the auditor, PricewaterhouseCoopers, has expired upon the conclusion annual general meeting. The board of directors of the Company hereby announces that, after taking into comprehensive consideration of the Company’s current business operations and future audit service requirements, the Company has decided not to re-appoint PwC as the auditor of the Company.
YADEA0158512-Aug-25
13-Aug-25
Taking into account the Company’s current business situation and the future needs of audit services, after communication between the Company and PwC on the proposed change of Auditor, PwC has agreed to resign as the Auditor.
MAN WAH HLDGS0199906-Aug-25
06-Aug-25
Could not reach a consensus on the audit fee.
LINK REIT0082322-Jul-25
16-Jun-25 116-Jun-25 2
In line with corporate governance best practice, initiated a tender process for the role of external auditor.
CAPITAL IND FIN0073017-Jul-25
17-Jul-25
Could not reach consensus on the audit fee.
S-ENJOY SERVICE0175514-Jul-25
14-Jul-25
Not Specified
SHIRBLE STORE0031204-Jul-25
04-Jul-25
Could not reach a consensus in respect of the audit fee for the year ending 31 December 2025.
CMBC CAPITAL0114130-Jun-25
04-Jun-25 104-Jun-25 2
KPMG has been acting as the auditor of China Minsheng Bank, the controlling shareholder. The Board is of the view that the appointment of KPMG as the Company’s auditor can align the audit work of the Group and China Minsheng Bank and thereby enhance the efficiency of the audit services to be provided to the Group and its controlling shareholder. The Board has therefore resolved to change the auditor at the 2025 AGM.
SHOUGANG RES0063930-Jun-25
30-Jun-25
Having previously indicated that it would not seek re-appointment upon the expiry of its term of office
FOURTH PARADIGM0668226-Jun-25
26-Jun-25 126-Jun-25 226-Jun-25 3
Having comprehensively considered the Company’s business development and needs as well as cost effectiveness, the Company initiated the procurement and selection process of auditor. PricewaterhouseCoopers will retire at the conclusion of the forthcoming AGM upon the expiration of its current term of office.
LUFAX0662325-Jun-25
29-May-25
PwC and PwC ZT raised concerns about certain possible related party transactions, and PwC ZT stated that its 2022 and 2023 audit opinions on the Company’s annual financial statements should no longer be relied upon. The Board resolved, on January 27, 2025, to propose the removal of PwC and PwC ZT as auditors because the AC had lost confidence in PwC and PwC ZT.
LEEPORT(HOLD)0038725-Jun-25
25-Jun-25 125-Jun-25 225-Jun-25 325-Jun-25 4
The Board hereby announces that after considering including but not limited to the future needs of audit services, the length of PwC tenure as auditor since 2003 and the proposed audit fee of PwC for the financial year ending 31 December 2025, the Company proposes to change the auditor. The Board is of the view that the rotation of the auditor after an appropriate period of time is a good corporate practice.
CEOVU0079819-Jun-25
23-May-25 123-May-25 223-May-25 3
PwC will retire as the auditor, and will not seek for re-appointment, at the conclusion of the AGM. PwC has been holding office as the auditor for nearly nine years. The Board considers that a change of auditor after an appropriate period of time will enhance the independence of the auditor and maintain good corporate governance.
CITIC RESOURCES0120513-Jun-25
24-Apr-25
In order to maintain good corporate governance practice, the Company should consider rotation of its existing auditors after an appropriate period of time. Such rotation would enhance the independence of the external audit services on the Company and would be in the best interest of the Company and its Shareholders as a whole.
LI NING0233112-Jun-25
14-May-25
Proposed change of auditor is consistent with good corporate governance measure, beneficial to maintaining the independence and objectivity of external auditor, and in the best interest of the Company and its shareholders.
LI NING-R8233112-Jun-25
14-May-25
Retirement upon expiration of its current term of office as part of good corporate governance measure to maintain the independence and objectivity of external auditor.
LI NING,LI NING-R02331,8233112-Jun-25
20-May-25
Retirement upon the expiration of its current term of office at the conclusion of the AGM, consistent with good corporate governance measure, beneficial to maintaining the independence and objectivity of external auditor, and in the best interest of the Company and its Shareholders as a whole.
VIVA GOODS0093312-Jun-25
12-Jun-25 112-Jun-25 212-Jun-25 3
 PwC has been holding office as auditor of the Company since 2013. Retirement upon expiration of its current term of office as part of good corporate governance measure and to maintain the independence and objectivity of external auditor. In addition, it was noted that Li Ning Co,, an associate company, has proposed to change its auditor. The alignment of the auditor will also enhance the efficiency and effectiveness of the overall audit of the Company.
SHOUGANG CENT0010310-Jun-25
10-Jun-25 110-Jun-25 210-Jun-25 3
Taking into account that PwC has served as the auditor of the Company since 1 August 2018, the board and the audit committee of the Company considered that it is an appropriate time to rotate the auditor of the Company for upholding good corporate governance and maintaining the independence of the Company’s auditor. Such rotation would enhance the independence of the external audit on the Company and would be in the best interest of the Company and the Company’s members as a whole.
SHOUGANG RES0063906-Jun-25
06-Jun-25 106-Jun-25 2
Taking into account that PwC has served as the auditor of the Company since 1 August 2018, the board of Directors and the audit committee of the Company considered that it is an appropriate time to rotate the auditor of the Company for upholding good corporate governance and maintaining the independence of the Company’s auditor.
XINYI GLASS0086830-May-25
30-Apr-25 130-Apr-25 2
Could not reach a consensus on the proposed auditor’s remuneration for the financial year ending 31 December 2025.
XINYI SOLAR0096830-May-25
30-Apr-25 130-Apr-25 2
Could not reach a consensus on the proposed auditor’s remuneration for the financial year ending 31 December 2025.
XINYI ENERGY0386830-May-25
30-Apr-25
Could not reach a consensus on the proposed auditor’s remuneration for the financial year ending 31 December 2025.
XINYI GLASS0086830-May-25
30-Apr-25 130-Apr-25 2
Could not reach a consensus on the proposed auditor’s remuneration for the financial year ending 31 December 2025.
BOC AVIATION0258829-May-25
02-May-25 102-May-25 2
PwC will not be seeking re-appointment at the forthcoming AGM and will retire as auditor of the Group upon expiration of its current term of office at the close of the AGM.
PA GOODDOCTOR0183329-May-25
03-Jun-25 103-Jun-25 2
For the purpose of rotation of the Company’s auditor after an appropriate period to maintain good corporate governance, PricewaterhouseCoopers, which has served as the Company’s auditor for more than 7 years since the Company’s listing, will not be reappointed, and will retire as the auditor upon the expiration of their current term of office, with effect from the conclusion of 2024 AGM.
DEEWIN0241829-May-25
27-Jun-25 127-Jun-25 227-Jun-25 327-Jun-25 4
In light of the Company’s future audit needs and to uphold good corporate governance, the Company is preparing for the selection of new auditors. Therefore, the Board has approved not to seek the re-appointment of PwC and PwC Zhong Tian at the AGM of the Company.
HYGEIA HEALTH0607829-May-25
27-Jun-25 127-Jun-25 227-Jun-25 3
Could not reach a consensus on the proposed auditor’s remuneration for the financial year ending December 31, 2025.
NET-A-GO TECH0148327-May-25
26-Jun-25 126-Jun-25 226-Jun-25 3
Change of auditor after an appropriate period of time is a good corporate governance measure to ensure the independence and objectivity of external audit services. In addition, the Board cannot come to an agreement with PwC in the audit fee for the upcoming year, after the consideration of the Company’s operations and its cost control measures.
FOURTH PARADIGM0668227-May-25
26-Jun-25 126-Jun-25 226-Jun-25 3
Having comprehensively considered the Company’s business development and needs as well as cost effectiveness, the Company initiated the procurement and selection process of auditor. PricewaterhouseCoopers will retire at the conclusion of the forthcoming AGM upon the expiration of its current term of office.
S-ENJOY SERVICE0175526-May-25
27-May-25
The Company does not accept the quotation of the additional audit fee in relation to the matter of the Related Party Fund Transfers and relevant independent Investigation, for the purpose of pushing forward the audit work for the 2024 Annual Results and to avoid further unnecessary delay, following careful consideration of the Audit Committee and the Board, the Company suggested that PwC resigns as the auditor of the Company. PwC agreed to resign as the auditor of the Company, with effect from the date of the Resignation Letter (i.e. 26 May 2025).
GDC0827123-May-25
23-May-25 123-May-25 223-May-25 3
As a good corporate governance measure, the Company should consider rotation of its auditor after an appropriate period of time. In addition, PwC has been informed that the proposed audit fee may not be competitive as compared to fee proposals submitted by other accounting firms.
AIA0129923-May-25
28-May-25
An extensive and robust evaluation process was conducted, carefully considering the submissions of KPMG and other globally recognized audit firms for the year ending 31 December 2026, including the Company’s incumbent auditor, PricewaterhouseCoopers (“PwC”). PwC will continue in its external auditor role and will undertake the audit of the Group’s consolidated financial statements for the year ending 31 December 2025.
AIA-R8129923-May-25
28-May-25
An extensive and robust evaluation process was conducted, carefully considering the submissions of KPMG and other globally recognized audit firms for the year ending 31 December 2026, including the Company’s incumbent auditor, PricewaterhouseCoopers (“PwC”). PwC will continue in its external auditor role and will undertake the audit of the Group’s consolidated financial statements for the year ending 31 December 2025.
CITIC TELECOM0188321-May-25
12-Mar-25
As a good corporate governance measure, the Company should consider rotation of its auditor after an appropriate period of time. Such rotation would enhance the independence of the external audit on the Company and would be in the best interest of the Company and its shareholders as a whole.
CITIC TELECOM0188321-May-25
15-Apr-25
As a good corporate governance measure, the Company should consider rotation of its auditor after an appropriate period of time. Such rotation would enhance the independence of the external audit on the Company and would be in the best interest of the Company and its Shareholders as a whole.
BESUNYEN0092620-May-25
22-May-25 122-May-25 2
PricewaterhouseCoopers has served as the auditor of the Company for ten consecutive years, the Company initiated the procurement and selection process of auditor after comprehensively considering the Company’s business development, cost effectiveness and needs for audit services.
OOIL0031615-May-25
29-Apr-25 129-Apr-25 2
To uphold good corporate governance and to maintain the independence of the Company’s auditor, the Board and the Audit Committee of the Company (the “Audit Committee”) consider that changing the auditor of the Company is in the best interests of the Company and the Shareholders as a whole.
BAIC MOTOR0195829-Apr-25
26-May-25 126-May-25 2
Considering the business needs and in compliance with provisions of the relevant regulations, the Board resolved to propose to appoint Ernst & Young and Ernst & Young Hua Ming LLP as the international and domestic auditors, respectively. PwC and PwC Zhong Tian LLP will retire as the auditors at the conclusion of the AGM.
COSCO SHIP PORT0119916-Apr-25
24-Apr-25 124-Apr-25 2
To uphold good corporate governance and to maintain the independence of the Company’s auditor, the Board and the Audit Committee of the Company consider that changing the auditor of the Company is in the best interest of the Company and its shareholders as a whole.
SPT ENERGY0125131-Mar-25
01-Apr-25
Unable to reach a consensus on the timetable for completing the audit work for the 2024 Annual Results. PwC has not been able to obtain information and supporting documents it requires to complete its audit including: Financial Statements of the Group, Supporting documents and evidence for revenue recognition, Expected credit loss on trade receivables, Payment of certain agency expenses and receivable from an individual, Assessment on going concern, Corporate income tax payable, deferred tax assets and income tax expenses, Impairment assessment on long-term assets impairment
SPT ENERGY0125131-Mar-25
25-Jul-25
Not Specified
COSCO SHIP INTL0051726-Mar-25
26-Mar-25
As a good corporate governance measure, the Company should consider rotation of its auditor after an appropriate period of time which would be in the best interests of the Company and its Shareholders as a whole.
LUZHOU BANK0198326-Mar-25
26-Mar-25
Maximum term of consecutive engagement of external auditors as stipulated in the Administrative Measures for Selection and Engagement of Accounting Firms in State-Owned Financial Institutions (Cai Jin [2020] No. 6)
CITIC RESOURCES0120514-Mar-25
14-Mar-25
In order to maintain good corporate governance practice, the Company should consider rotation of its auditors after an appropriate period of time. Such rotation would enhance the independence of the external audit services on the Company and would be in the best interest of the Company and its shareholders as a whole.
ESPRIT HOLDINGS0033003-Mar-25
11-Mar-25
The appointment of the other auditor would enable the Company to achieve its cost management objective. After due and careful consideration, PwC has agreed to resign as the auditor of the Company.
GC CONSTRUCTION0148910-Feb-25
10-Feb-25
Could not reach consensus on the audit fee.
LUFAX0662327-Jan-25
03-Mar-25 103-Mar-25 2
The Board resolved to propose the removal of PwC and PwC ZT as auditors of the Company, an action which, in the view of the Board (including the audit committee of the Board (the “Audit Committee”)), is in the best interests of the shareholders (“Shareholders”) of the Company as a whole. The PwC Letter and the PwC ZT Letter On January 21, 2025, the Audit Committee received a letter of the same date from PwC (the “PwC Letter”). In the letter, PwC stated that it was orally notified of its removal as the Company’s auditor on January 16, 2025. In the same letter, PwC also stated, among other matters, that (1) on October 25, 2024, it received information in the course of an oral conversation (the “Subject Conversation”) with a then-current senior executive (the “Executive”) of the Company that raised concerns, in the view of PwC, about certain possible related party transactions of the Company (the “Subject Transactions”); (2) on November 25, 2024, PwC orally reported the Subject Conversation to the Audit Committee; (3) on December 11, 2024, PwC issued a written letter to the Audit Committee requesting an expert and independent investigation into the matter; and (4) whilst PwC noted that the Audit Committee engaged forensic accountants and independent investigation counsel to investigate the Subject Transactions and other related matters (the “Independent Investigation”), and that the Executive, in the interview with the team conducting the Independent Investigation, denied the contents of the Subject Conversation as reported by PwC to the Audit Committee, PwC raised questions about the investigation, the independence of the Audit Committee, and the Company’s remedial actions. On January 21, 2025, the Audit Committee also received a letter of the same date from PwC ZT (the “PwC ZT Letter”), the Company’s U.S. PCAOB-registered auditor. In the letter, PwC ZT states that, due to the seriousness of the Subject Conversation as understood by PwC ZT, the Audit Committee’s decision not to share its Independent Investigation conclusions with PwC ZT, and certain independence concerns, it cannot consent to the incorporation of its prior audit or review opinions in any current or future Company filings and further states that neither the Company nor any successor auditor can rely on any work that PwC ZT performed for the Company with regard to 2024, and, as PwC ZT was no longer able to rely on representations provided by the Company and its management in connection with the Company’s fiscal year 2022 and 2023 audits, its 2022 and 2023 audit opinions on the Company’s annual financial statements should no longer be relied upon. The Company’s Position As of the date of the PwC Letter and the PwC ZT Letter, the Company had not removed or resolved to remove PwC and PwC ZT as the auditors of the Company. Furthermore, the Independent Investigation into the Subject Transactions and related matters was and still is ongoing. The Company will disclose the key findings upon the substantial completion of the Independent Investigation as well as the Company’s further actions, if any, on matters relating to the Subject Transactions. The Board resolved to propose the removal of PwC (including PwC ZT) as the Company’s auditors at this time because the Board (including the Audit Committee) has lost its confidence in PwC and PwC ZT. First, in the Audit Committee’s view, PwC was less than candid with the Audit Committee in explaining how and when its alleged concerns about the Subject Transactions first surfaced. The information that PwC provided to the Audit Committee was inconsistent and contradictory in some instances and demonstrably and materially wrong in others. Second, PwC did not report the Subject Conversation or the Subject Transactions to the Audit Committee expeditiously, allowing multiple weeks to pass with no action on PwC’s part and unreasonably limiting the Audit Committee’s access to information that would have enabled the Audit Committee to take timelier action. After PwC did finally report the Subject Conversation and the Subject Transactions to the Audit Committee, PwC, on multiple occasions, delayed or postponed meetings with the Company that the Company proposed to investigate the issues, leading to additional loss of time that further put at risk the Company’s ability to complete its audit and meet its financial reporting obligations in a timely manner. Finally, PwC, despite the Audit Committee’s request, failed to provide any information to the Audit Committee to enable the Audit Committee to ascertain whether PwC ZT is authorized by the relevant Chinese regulatory authorities to conduct audit work for the Company for the current audit period (fiscal year ended 31 December 2024). In particular, the Audit Committee is concerned about the publicly reported administrative penalties that the Chinese Ministry of Finance imposed on PwC ZT in September 2024 in connection with PwC ZT’s audit work for Evergrande, including, but not limited to, the suspension of PwC ZT’s operations for six months (“Evergrande Penalties”) – a period that covers the Company’s current audit period. For the foregoing reasons, PwC (including PwC ZT) had been asked, on multiple occasions, to tender its resignation and also to respond to the Audit Committee’s concerns as summarized above. However, as of the date of the PwC Letter and PwC ZT Letter, PwC and PwC ZT failed to address any of the Audit Committee’s concerns about PwC’s own conduct and the implications of the Evergrande Penalties on PwC ZT’s qualifications to carry out audit work in Chinese mainland.
LUFAX0662327-Jan-25
24-Apr-25
As disclosed in the Announcements, the Board resolved on January 27, 2025 to propose the removal of PwC
SANBASE CORP0850124-Jan-25
24-Jan-25
Could not reach a consensus on the audit fee for the financial year ending 31 March 2025.
HAITONG UT0190529-Mar-2221-Jan-25
30-Dec-24
To align the auditing arrangements between the Company and Haitong Securities, so as to enhance the overall efficiency of the auditing services and maximize the interests of the Company and its shareholders.
METASURFACE0863715-Jan-25
15-Jan-25
PwC HK has resigned as the auditor of the Company with effect from 15 January 2025 as the Company intends to streamline the audit arrangement after considering the fact that (i) PwC Singapore is a recognised public interest entity (PIE) auditor by the Accounting and Financial Reporting Council (AFRC) and thus it is qualified to act as the auditor for the Company’s annual financial statements; (ii) the major operations of the Group and its accounting books and records are located in Singapore; and (iii) PwC Singapore is the existing auditor of the major subsidiaries of the Group.
GUDOU HLDGS0830803-Jan-25
09-Jan-25 109-Jan-25 2
On 3 January 2025, PwC has issued a letter to the Company requesting the Company to include the following representations in this supplemental circular:– We consider that the Announcement will give the public an incomplete understanding of the underlying rationale for us not being able to reach a consensus with the Company on the audit fee of the Group for the financial year ended 31 December 2024. Our proposed fee for the financial year ended 31 December 2024 was provided to the Company for consideration in August 2024 and it was maintained at the same level as the audit fee for the financial year ended 31 December 2023. The proposed audit fee was set based on the resources needed to maintain our audit quality and carry out audit procedures for areas of higher risk and complexity, including but not limited to the assessment of the matters relating to the joint operation with Guangdong Aoyuan Company Limited, the assessment of going concern of the Group and the impairment assessment of property, plant and equipment, right-of-use assets and property held for sale of the Group. Notwithstanding the abovementioned matters, we have been informed by the Company that the Audit Committee did not consider our proposed audit fee to be competitive with the fee offered by other professional accounting firms nor was it commensurate with the current scale of the Company’s operations and its cost control measures.
XINJI SHAXI0360331-Dec-24
31-Dec-24
In consideration of the Company’s size of operation, the pressure to control cost and the previously agreed audit fee which was not considered to be aligned with the Company’s current size of operation.
SOHO CHINA0041030-Dec-24
30-Dec-24
Could not reach a consensus in respect of the proposed audit’s remuneration for the year ending 31 December 2024.
HAITONG UT0190523-Dec-24
21-Jan-25 121-Jan-25 2
To align the auditing arrangements between the Company and Haitong Securities, so as to enhance the overall efficiency of the auditing services and maximize the interests of the Company and its shareholders. Resigned international auditor: PricewaterhouseCoopers and domestic auditor PricewaterhouseCoopers Zhong Tian LLP, appointed international auditor: Deloitte Touche Tohmatsu and domestic auditor Deloitte Touche Tohmatsu Certified Public Accountants LLP
PROSPER CONS0681620-Dec-24
23-Dec-24
In consideration of recent market information, the enhancement of corporate governance through rotation of auditor as a member of a state-owned enterprise and the pressure to control cost, the Board decided to propose a change of auditor. After the Company’s communication with PricewaterhouseCoopers requesting them to resign as auditor of the Company, the Board and the audit committee of the Company received a letter from PwC in respect of their resignation as auditor of the Group with effect from 20 December 2024 for the reason that the Company has informed PwC about the Board’s decision to change the auditor according to the consideration set out above.
FW FASHION INT0252818-Dec-24
23-Jan-25 123-Jan-25 2
Could not reach a consensus on the revised proposed audit fee for the financial year ending 31 December 2024. PwC mentioned that they had to revise its proposed audit fee for the financial year ending 31 December 2024 and was informed by the Company that such revised audit fee quotation for the year ending 31 December 2024 was not as competitive as compared to other audit firms. Notwithstanding that, the Board noted that the Company and PwC had signed the engagement letter with an agreed audit fee for the Company’s financial statements for the financial year ending 31 December 2024 in or around September 2024, but the revised audit fee quotation subsequently provided by PwC represented an increment of more than approximately 45% over the agreed audit fee under the signed engagement letter. Accordingly, the Board has decided to appoint another auditor for the financial year ending 31 December 2024 and the Company has requested PwC to resign as the auditors of the Company.
SFSY ENERGY0075016-Dec-24
16-Dec-24
In order to ensure that the Company upholds good corporate governance, and taking into account market information and the current business conditions and actual needs for audit services of the Company, the board of directors of the Company (the “Board”) considers that it is appropriate to change the auditors of the Company. Upon a notice given by the Company in respect of the aforesaid, PwC has agreed to resign as the auditors of the Company with effect from 16 December 2024.
FOURACE IND GP0145513-Dec-24
13-Dec-24
Could not agree on the audit fee for the Group for the financial year ending 31 March 2025. The proposed fee may not be competitive considering the current scale of the Group’s operations, the fee rates offered by other professional accounting firms in the market which possess necessary capabilities and competence (including technical know-how, industry knowledge and track record, manpower and other resources) and the cost control measures of the Group.
JTF INTL0968911-Dec-24
11-Dec-24
No consensus on the proposed auditor’s remuneration for the financial year ending 31 December 2024.
SHENZHEN INVEST0060410-Dec-24
10-Dec-24
In view of recent market information and the need for Shum Yip Group Limited, of which the Company is a major subsidiary, to change its auditor and taking into account the future needs for audit services of the Company, after the Company’s communication with PricewaterhouseCoopers (PwC) on the proposed change of auditor, PwC has agreed to resign as the auditor of the Company with effect from 10 December 2024. PwC has confirmed in its letter of resignation that there are no circumstances connected with its resignation as auditor of the Company that should be brought to the attention of the Company’s shareholders or creditors.
KWONG MAN KEE0802306-Dec-24
06-Dec-24
Could not reach a consensus in respect of the proposed audit’s remuneration for the year ending 31 March 2025.
YH ENT0230605-Dec-24
05-Dec-24
In view of recent market information and taking into account the Company’s current business situation and the future needs of audit services, the Company communicated with PwC on the proposed change of Auditor and PwC has agreed to resign as the Auditor with effect from December 5, 2024.
GANGLONG CHINA0696804-Dec-24
04-Dec-24
The proposed fee may not be competitive considering the current scale of the Group’s operations, the fee rates offered by other professional accounting firms in the market which possess necessary capabilities and competence (including technical know-how, industry knowledge and track records, manpower and other resources) and the cost control measures of the Group.
CC NEW LIFE0998304-Dec-24
04-Dec-24
Could not reach a consensus on the proposed auditor’s remuneration for the financial year ending 31 December 2024.
MING YUAN CLOUD0090903-Dec-24
03-Dec-24 103-Dec-24 2
In view of recent market information, after taking into account the Company’s current and prospective business situation, the future needs of audit services to enhance cost-effectiveness, and considering the recommendation of the Audit Committee, the Board has resolved to propose to change the auditor of the Company for the year ending 31 December 2024.
MING YUAN CLOUD0090903-Dec-24
03-Dec-24 103-Dec-24 2
In view of recent market information, after taking into account the Company’s current and prospective business situation, the future needs of audit services to enhance cost-effectiveness, and considering the recommendation of the Audit Committee, the Board has resolved to propose to change the auditor of the Company for the year ending 31 December 2024.
JOLIMARK0202802-Dec-24
27-Dec-24 127-Dec-24 227-Dec-24 327-Dec-24 4
PwC could not reach a consensus on the proposed auditor’s remuneration for the financial year ending 31 December 2024.
QINGCI GAMES0663329-Nov-24
29-Nov-24
In view of recent market information and taking into account the Company’s current business situation and the future needs of audit services, after the Company communicated with PwC on the proposed change of Auditor, PwC has agreed to resign as the Auditor with effect from November 29, 2024.
SYNTRUST GK0862929-Nov-24
24-Dec-24 124-Dec-24 224-Dec-24 3
PwC was informed by the Board that they have decided to propose the appointment of another auditor due to the fact that PwC could not reach a consensus on the proposed auditor’s remuneration for the financial year ending 31 December 2024. PwC has confirmed in writing that there are no matters in relation to its resignation as the auditor of the Company which are needed to be brought to the attention of the Shareholders.
SHENGHUI CLEAN0252128-Nov-24
13-Nov-24 113-Nov-24 213-Nov-24 3
Not Specified
SHENGHUI CLEAN0252128-Nov-24
13-Nov-24 113-Nov-24 213-Nov-24 3
Not Specified
LEPU BIO-B0215726-Nov-24
26-Nov-24
In view of the recent public information and considering the Company’s existing development needs, after the Company’s communication with PricewaterhouseCoopers (“PwC”) on the proposed change of auditor, PwC agreed to resign as the auditor of the Company with effect from November 26, 2024. PwC has also confirmed to the board of the directors of the Company (the “Board”) in its notice of resignation that there are no matters in relation to the proposed change of auditor that need to be brought to the attention of the shareholders of the Company (the “Shareholders”). The Board and the audit committee of the Board (the “Audit Committee”) confirmed that there are no disagreements or unresolved matters between the Company and PwC, and there are no other matters or circumstances in respect of the resignation of PwC which should be brought to the attention of the holders of securities of the Company.
LEPU BIO-B0215726-Nov-24
17-Dec-24
In view of the recent public information and considering the Company’s existing development needs, after the Company’s communication with PwC on the proposed change of auditor, PwC agreed to resign as the auditor of the Company with effect from November 26, 2024. PwC has also confirmed to the Board in its notice of resignation that there are no matters in relation to the proposed change of auditor that need to be brought to the attention of the Shareholders. The Board and the Audit Committee confirmed that there are no disagreements or unresolved matters between the Company and PwC, and there are no other matters or circumstances in respect of the resignation of PwC which should be brought to the attention of the holders of securities of the Company.
SEAZEN0103025-Nov-24
26-Nov-24
In view of recent market information, based on principle of prudence, and taking into account the Company’s current business development plan and the future needs of audit services, the Company proposed to change the auditor, and after communication with PricewaterhouseCoopers (“PwC”), PwC agreed to resign as the auditor of the Company.
JY GAS0140722-Nov-24
22-Nov-24
In view of recent market information, taking into account the Company’s current business situation and development needs, the Board has decided to propose the appointment of another auditor. After the Company’s communication with PricewaterhouseCoopers (“PwC”) on the proposed change of auditor, PwC agreed to resign as auditor of the Company with effect from 22 November 2024.
WELLCELL HOLD0247719-Nov-24
19-Nov-24
Could not reach a consensus on the proposed auditor’s remuneration for the financial year ending 31 December 2024.
EVEREST MED-B0195215-Nov-24
15-Nov-24
Could not reach a consensus on the audit fee.
CHINA TING0339814-Nov-24
15-Nov-24
PwC was informed by the Board that the Board intends to appoint another firm of accountants as the auditors of the Company due to the fact that there was no consensus between PwC and the Company on the proposed auditors’ remuneration for the financial year ending 31 December 2024. In addition, having considered the fact that PwC has served as the auditors of the Company for more than 18 years, it would be appropriate for the Company to appoint a new firm of accountants as the auditors of the Company for good corporate governance practice.
CHINA EAST AIR0067008-Nov-24
08-Nov-24
In view of the recent market information, taking into account the Company’s needs for auditing services, on a prudent basis and upon consideration and approval at the EGM. Resigned international auditor: PricewaterhouseCoopers and domestic auditor PricewaterhouseCoopers Zhong Tian LLP, appointed international auditor: Deloitte Touche Tohmatsu and domestic auditor Deloitte Touche Tohmatsu Certified Public Accountants LLP
IMOTIONAUTOTECH0127405-Nov-24
05-Nov-24 105-Nov-24 2
In view of the recent market information on PricewaterhouseCoopers (“PwC”) and after comprehensively considering the Company’s existing business situation and future needs of audit services, the Company based on the principle of prudence communicated with PwC in respect of the proposed change of auditor of the Company, and PwC has tendered its resignation (the “Resignation”) as the auditor of the Company with effect from November 5, 2024.
IMOTIONAUTOTECH0127405-Nov-24
05-Nov-24 105-Nov-24 2
In view of the recent market information on PricewaterhouseCoopers (“PwC”) and after comprehensively considering the Company’s existing business situation and future needs of audit services, the Company based on the principle of prudence communicated with PwC in respect of the proposed change of auditor of the Company, and PwC has tendered its resignation (the “Resignation”) as the auditor of the Company with effect from November 5, 2024.
HAITIAN INT'L0188205-Nov-24
26-Nov-24 126-Nov-24 2
With the successful growth of our business and taking into account the length of PwC’s tenure as Auditor, the Board is of the view that a change of Auditor would reflect the Company’s dedication to maintaining high standards of corporate governance and showcase a dedication to best practices, and would be in the best interest of the Company and its shareholders as a whole.
JW THERAP-B0212631-Oct-24
31-Oct-24
Could not reach a consensus in respect of remuneration for the audit of the Company’s consolidated financial statements for the financial year ending December 31, 2024.
BINHAI INV0288631-Oct-24
31-Oct-24
Could not reach a consensus on the audit fees for the year ending 31 December 2024.
COSCO SHIP ENGY0113830-Oct-24
09-Dec-24 109-Dec-24 2
Taking into account the Company’s current business situation and the future needs of audit services on a prudent basis, after the Company’s communication with PwC on the proposed change of overseas auditor, PwC agreed to resign as the 2024 Overseas Auditor of the Company with effect from 30 October 2024.
CHALCO0260029-Oct-24
01-Nov-24 101-Nov-24 2
In view of the recent public information on the Former Auditors and after comprehensively considering the Company’s existing business situation and the future needs of audit services, the Company proposed to change the auditors. Resigned international auditor: PricewaterhouseCoopers and domestic auditor PricewaterhouseCoopers Zhong Tian LLP, appointed international auditor: Ernst & Young and domestic auditor Ernst & Young Hua Ming
KANGQIAO SER0220528-Oct-24
15-Nov-24 115-Nov-24 2
After taking into account the Company’s existing business status and development needs, the current economic conditions and the cost-effectiveness and competitiveness of the audit services proposal from PwC and other auditing firms according to market conditions, and considering the recommendation of the Audit Committee, the Board has resolved to propose to change the auditor of the Company for the year ending December 31, 2024. The Company received a Resignation Letter from PwC, pursuant to which, PwC is aware of the above-mentioned reasons for the proposed change of auditor, and sets out the following matters which PwC considers that need to be brought to the attention of the Shareholders and the creditors of the Company: (a) the Announcement, and PwC issued a letter to the Audit Committee on July 30, 2024 to wish to understand the details of the relevant matters as stated in the Announcement, in particular the Purported Promissory Letter as defined in the Announcement; and (b) the announcement on litigation involving a wholly-owned subsidiary published by the Company on August 18, 2024.
DYNASTY WINES0082823-Oct-24
23-Oct-24
Could not reach a consensus on the auditor’s remuneration for FY2024.
NEUEDU0961623-Oct-24
06-Nov-24 106-Nov-24 2
In view of recent market information, based on principle of prudence, and taking into account the Company’s current business situation and the future needs of audit services, after the Company’s communication with PricewaterhouseCoopers (“PwC”) on the proposed change of auditor, PwC agreed to resign as auditor of the Company with effect from 23 October 2024.
CG SERVICES0609821-Oct-24
21-Oct-24
In light of recent market information, and taking into account the Company’s current business development and future needs for audit services, after the Company’s communication with PricewaterhouseCoopers (“PwC”) on the proposed change of auditor, PwC has agreed to resign as the auditor of the Company with effect from 21 October 2024.
XIKANG CLOUD0968621-Oct-24
21-Oct-24
In view of recent market information, based on principle of prudence, and taking into account the Company’s current business situation and the future needs for audit services, after the Company’s communication with PricewaterhouseCoopers (“PwC”) on the proposed change of auditor, PwC agreed to resign as auditor of the Company with effect from 21 October 2024.
CALC0184821-Oct-24
22-Oct-24
In view of recent market information, and taking into account the Company’s current business situation and the future needs of audit services, after the Company’s communication with PricewaterhouseCoopers (“PwC”) on the proposed change of auditor, and due and careful consideration by PwC, PwC agreed to resign as auditor of the Company (the “Auditor”) with effect from 21 October 2024. PwC has tendered its resignation as Auditor with effect from 21 October 2024 pursuant to the consensus of the Company and PwC.
COSCO SHIP HOLD0191918-Oct-24
20-Oct-24
In view of recent market information, based on principle of prudence, and taking into account the Company’s current business situation and the future needs of audit services, after the Company’s communication with PwC on the proposed change of international auditor, PwC agreed to resign as the 2024 International Auditor of the Company with effect from 18 October 2024.
COSCO SHIP HOLD0191918-Oct-24
28-Oct-24
In view of recent market information, based on principle of prudence, and taking into account the Company’s current business situation and the future needs of audit services, after the Company’s communication with PwC on the proposed change of international auditor, PwC agreed to resign as the 2024 International Auditor with effect from 18 October 2024.
GAPACK0046817-Oct-24
17-Oct-24
PwC noted with respect to the disclosable transactions in relation to the subscription of a limited partnership interest in the fund and deemed disposal of the international business (the “Transactions”) announced by the Company on 29 January 2024, as of the date of its resignation, PwC have yet to fully explore the matter with the relevant facts and circumstances and supporting evidence to conclude on the appropriate accounting treatment. Could not reach a consensus on the proposed auditor’s remuneration for the financial year ending 31 December 2024, which reflects additional time and costs to be incurred for the audit procedures considered necessary by PwC consequential to the Transactions.
GAPACK0046817-Oct-24
11-Nov-24
Deloitte had not finished its internal new client acceptance procedures, including but not limited to consideration of the professional clearance from the predecessor auditor, and therefore Deloitte had not at that point decided to accept the appointment. Deloitte received a letter from a shareholder on 25 October and the Professional Clearance on 28 October 2024 and considers that further information relating to the matters set out in the Letter and the Professional Clearance is required from the Company for the completion of its internal new client acceptance procedures. The Company would require more time to address Deloitte’s requests for the additional information required to enable completion of those procedures. In view of the fact that Deloitte’s eventual acceptance of appointment is uncertain and the financial year end date is approaching, the Company will take further action to identify another suitable candidate for appointment as Auditor.
CHINA OIL & GAS0060309-Oct-24
05-Nov-24 105-Nov-24 2
PwC was informed by the Board that the Board, with the recommendation of the audit committee of the Company (the “Audit Committee”), decided to propose the appointment of another auditor because the rotation of the auditor after an appropriate period is a better corporate governance and it can also improve efficiency in aligning the auditor of the Group as a whole.
CHINA EAST AIR0067008-Oct-24
08-Oct-24
In consideration of the Company’s needs for auditing services on a prudent basis, following the fulfillment of the tender procedures and based on the results thereof, the Board passed a resolution on 8 October 2024 to propose the appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the domestic auditor for financial reporting and the auditor for internal control of the Company for the year 2024 and propose the appointment of Deloitte Touche Tohmatsu as the international auditor for financial reporting of the Company for the year 2024, the annual audit fees amount to RMB10.45 million (value-added tax inclusive) in total, of which the audit fees for financial reports amount to RMB8.40 million and the audit fees for internal control amount to RMB2.05 million.
ZHONGSHENJIANYE0250330-Sep-24
30-Sep-24
Could not reach a consensus on the proposed auditor’s remuneration for the financial year ending 31 December 2024.
CHINA DONGXIANG0381830-Sep-24
30-Sep-24
To enhance the Company’s corporate governance, having considered that PricewaterhouseCoopers (PwC) has served as the auditor of the Company since 2007. The change of the Company’s auditor would enhance the cost-effectiveness of the Company’s annual audit and maintain good corporate governance given the long tenure of PwC as auditor of the Company.
UNQ HOLDINGS0217713-Sep-24
13-Sep-24
In view of recent market information, based on principle of prudence, and taking into account the Company’s current business situation and the future needs of audit services.
GOGOX0224612-Sep-24
12-Sep-24
Considering the competitive proposed audit fee by Forvis Mazars CPA Limited.
PEIJIA-B0999603-Sep-24
03-Sep-24
Due to recent media speculation in relation to PwC, which would require further verification, the Board will not seek the re-appointment of PwC.
COUNTRY GARDEN0200703-Sep-24
05-Sep-24
PwC is unable to fulfill the timetable requirements of the Company for the publication of the audited consolidated financial statements for the year ended 31 December 2023 as soon as practicable. However, PwC is unable to fulfill the timetable requirements of the Company for the publication of the audited consolidated financial statements for the year ended 31 December 2023 considering recent relevant matters related to the Company’s auditor and market information.
COUNTRY GARDEN0200703-Sep-24
28-Apr-25
Not Specified
BOC HONG KONG-R8238829-Aug-24
29-Aug-24
Not Specified
HENGAN INT'L0104419-Aug-24
19-Aug-24
Could not reach a consensus on the auditor’s remuneration for the financial year ending 31 December 2024.
NEWTIMES ENERGY0016609-Aug-24
09-Aug-24
Considering the competitive proposed audit fee by EY
EVER REACH GP0361609-Aug-24
25-Sep-24 125-Sep-24 2
Unable to agree on the timetable for completing the audit work due to insufficient information on relevant matters on the findings of the Special Investigation Committee,
LANCANG TEA0691117-Jul-24
19-Jul-24 119-Jul-24 2
The Board has decided to propose the appointment of another auditor taking into account the Company’s development needs as well as increasing profitability through cost reduction.
LANCANG TEA0691117-Jul-24
03-Dec-24 103-Dec-24 203-Dec-24 303-Dec-24 4
PwC was informed by the Company that the Board has decided to propose the appointment of another auditor taking into account the Company’s development needs as well as increasing profitability through cost reduction.
JY GRANDMARK0223115-Jul-24
15-Jul-24
Could not reach a consensus on the audit fee for the year ending 31 December 2024.
CE HUADA TECH0008528-Jun-24
29-May-24
To ensure objectivity and independence, and uphold good corporate governance.
TIANGE0198028-Jun-24
06-Jun-24
Internal corporate governance practices to enhance independence of external auditor.
CHINA ORIENTAL0058128-Jun-24
28-Jun-24 128-Jun-24 228-Jun-24 3
Failed to reach an agreement on the remuneration of the auditor for the financial year ending 31 December 2024.
SHENGHUI CLEAN0252128-Jun-24
28-Jun-24 128-Jun-24 2
Unable to reach an agreement on the proposed audit fee for the financial year ending 31 December 2024.
SWHY0680628-Jun-24
28-Jun-24
The terms of office expired at the conclusion of the AGM.
CHINA RE0150828-Jun-24
28-Jun-24
Exceeded the prescribed time limit under the Administrative Measures for the Election and Appointment of Accounting Firms by State-owned Financial Enterprises
PICC GROUP0133928-Jun-24
28-Jun-24
The terms of PricewaterhouseCoopers Zhong Tian LLP and PricewaterhouseCoopers shall expire.
SWHY0680628-Jun-24
27-Sep-24 127-Sep-24 2
The terms of office of the Company’s auditors for 2023 expired at the conclusion of the 2023 annual general meeting of the Company held on June 28, 2024, and they have confirmed that there are no disagreements or unresolved matters with the Company and there are no matters that are required to be brought to the attention of the Shareholders in relation to their termination of services. Resigned international auditor: PricewaterhouseCoopers and domestic auditor PricewaterhouseCoopers Zhong Tian LLP, appointed international auditor: KPMG and domestic auditor KPMG Huazhen LLP Accountants LLP
USPACE TECH0172525-Jun-24
25-Jun-24 125-Jun-24 2
PricewaterhouseCoopers’ decision not to stand for re-appointment as auditor of the Company at the AGM
USPACE TECH0172525-Jun-24
28-Nov-24 128-Nov-24 2
Retirement
GUANGSHEN RAIL0052518-Jun-24
21-Jun-24
Restrictions in respect of the years of audit services that an accounting firm can continuously provide to a state-owned enterprise and listed companies.
CHINACOMSERVICE0055218-Jun-24
27-Aug-24
Company’s needs for audit services and in accordance with the relevant requirements for the selection and appointment of accounting firms
BEXCELLENT GP0177517-Jun-24
17-Jun-24
A change of Auditor would enhance the cost effectiveness, independence and objectivity of the external audit on the Company, and would be in the best interest of the Company and its shareholders as a whole.
LANDSEA LIFE0196514-Jun-24
04-Jul-24 104-Jul-24 2
Could not reach an agreement on the audit fee for the year ending 31 December 2024.
BAMBOOSHEALTH0229313-Jun-24
13-Jun-24
Could not reach a consensus on the proposed audit fee for the financial year ending 30 June 2024.
SINOPHARM0109913-Jun-24
13-Sep-24 113-Sep-24 213-Sep-24 3
The term of service of PwC has expired and PwC retired from the Auditors for the Year.
YUEXIU SERVICES0662612-Jun-24
18-Mar-24
Retirement at the conclusion of the forthcoming annual general meeting
HAITONG SEC0683712-Jun-24
27-Jun-24
Retired upon expiry of their terms of offices after the conclusion of the 2023 annual general meeting of the Company.
MEILAN AIRPORT0035712-Jun-24
19-Aug-24
Retired upon the expiration of its term of office.
CHINA FOODS0050611-Jun-24
04-Jul-24 104-Jul-24 204-Jul-24 3
Recent regulatory matters relating to the auditing industry
SINOPHARM0109915-Jun-2307-Jun-24
07-Jun-24
Relevant matters of recent media rumors require further verification.
JACOBIO-B0116707-Jun-24
24-Apr-24
Part of a strategy to enhance the independence of the auditor.
TONGRENTANGCM0361307-Jun-24
10-May-24
Reached the prescribed time limit for audit services as per regulations.
CINDA 21USDPREF0462131-Dec-2203-Jun-24
03-Jun-24
Term expiration
CHINA CINDA0135903-Jun-24
03-Jun-24
Term expiration
CAPITAL GRAND0132931-May-24
18-Apr-24
Reached the prescribed consecutive term of appointment under the Administrative Measures.
KUNLUN ENERGY0013530-May-24
29-May-24
Only in view of the recent regulatory matters relating to the auditing industry, after discussion with PricewaterhouseCoopers (“PwC”), the Company has decided to withdraw the ordinary resolution no. 5 from the Annual General Meeting. PwC will retire as the auditor of the Company upon expiration of its term of office at the conclusion of the Annual General Meeting.
HILONG0162330-May-24
31-May-24
Key unresolved audit issues and other matters
KUNLUN ENERGY0013530-May-24
11-Nov-24
Retirement upon expiration of its term of office
KUNLUN ENERGY0013530-May-24
05-Dec-24 105-Dec-24 2
Retired upon expiration of its term of office
PICC GROUP0133929-May-24
29-May-24
Terms of office will expire at the conclusion of the Company’s 2023 annual general meeting.
PICC P&C0232829-May-24
29-May-24
No disagreement relating to the change of auditors.
CHINA TAIPING0096618-Jan-2327-May-24
27-May-24
Retirement
CHINA RAILWAY0039024-May-24
24-May-24
Company’s existing business status, development needs and overall audit needs
SCIENTECH0229123-May-24
23-May-24
Retirement
COSMO LADY0229821-May-24
21-May-24
Appropriate to rotate the independent auditor to maintain good corporate governance.
PLUS GP HOLDING0248621-May-24
25-Jun-24 125-Jun-24 2
PwC’s internal annual assessment.
CNQC INT'L0124017-May-24
17-May-24
Appropriate to rotate the independent auditor to maintain good corporate governance and to ensure the independence and objectivity of the audit work.
TONG REN TANG0166614-May-24
12-Jun-24 112-Jun-24 2
Reached the upper limit of the continuous audit period as stipulated by relevant PRC regulations.
ZMJ0056429-Apr-24
17-May-24 117-May-24 2
In accordance with the Administrative Measures for Selection and Appointment of Accounting Firms by State-owned Enterprises and Listed Companies
BEIJING N STAR0058828-Apr-24
28-Apr-24
Exceeded the maximum period stipulated in the Administrative Measures for State-owned Enterprises and Listed Companies to Select and Engage Accounting Firms
GHPC0184725-Apr-24
25-Apr-24
In accordance with the requirements for auditor rotation
JIAYUAN B25014077922-Apr-24
30-Apr-24
The Company had not provided any response to PwC’s letters regarding its audit fee proposal, audit timetable, request of certain information relating to the assessment of going concern, net realisable value of property inventories and fair value of investment properties, and request to communicate with the auditor of a significant component.
JIAYUAN INTL0276822-Apr-24
30-Apr-24
The Company had not provided any response to PwC’s letters regarding its audit fee proposal, audit timetable, request of certain information relating to the assessment of going concern, net realisable value of property inventories and fair value of investment properties, and request to communicate with the auditor of a significant component.
RYKADAN CAPITAL0228815-Apr-24
15-Apr-24
Could not reach consensus on the audit fee.
BEIJING AIRPORT0069427-Mar-24
02-May-24 102-May-24 2
The term of consecutive engagement has reached the prescribed limit as per regulations.
BEISEN HOLDING0966929-Feb-24
18-Mar-24 118-Mar-24 2
Could not reach a consensus with the Company in respect of the auditor’s remuneration for the annual audit for the year ending 31 March 2024.
KEEP0365009-Feb-24
09-Feb-24
Could not reach a consensus on a mutually acceptable audit timetable for the Group’s financial results for the year ended 31 December 2023. As of the date of the Resignation Letter, PwC indicated that they have not been able to obtain sufficient and appropriate audit evidence that they require to ascertain and support the business substance and/or services provided or to be provided by the various counterparties regarding the aforesaid agreements.
CARSGEN-B0217112-Jan-24
12-Jan-24
Could not reach a consensus on a mutually acceptable audit timetable for the Group’s financial results for the year ended December 31, 2023.
CHINA RE0150831-Dec-23
23-Nov-23
Service term of auditors continuously engaged by a state-owned financial enterprise shall not exceed 8 years
SRE GROUP0120722-Dec-23
27-Dec-23
Retirement
STAR SHINE HLDG0144004-Dec-23
04-Dec-23
Could not reach a consensus on the audit fee for the year ending 31 December 2023.
AUSTAR0611817-Nov-23
17-Nov-23
Could not reach a consensus on the proposed auditor’s remuneration for the financial year ending 31 December 2023, which reflects additional time and costs to be incurred for audit procedures considered necessary by PwC consequential to the insolvency filings of the Group’s two German subsidiaries.
YUNKANG GROUP0232517-Nov-23
23-Nov-23 123-Nov-23 2
PwC was not able to reach a consensus with the Company on the reduction of audit fee for the year ending December 31, 2023.
RAINMED-B0229713-Nov-23
29-Nov-23 129-Nov-23 2
PwC was not able to reach a consensus with the Company on the reduction of audit fee for the year ending December 31, 2023 that was proposed by the Company after the annual general meeting of the Company held on June 29, 2023.
BOARDWARE INTEL0120410-Nov-23
10-Nov-23
Could not reach a consensus on the proposed increment of audit fee in relation to the changes of the audit scope.
TIAN LUN GAS0160010-Nov-23
28-Nov-23 128-Nov-23 2
Could not reach a consensus on the audit fee in respect of the audit of the consolidated financial statements for the year ending 31 December 2023.
LANDSEA MGMT0010627-Oct-23
27-Oct-23
Unable to reach a consensus in respect of the audit fee for the year ending 31 December 2023.
PERENNIAL INT'L0072504-Oct-23
04-Oct-23
PwC could not reach a consensus with the Company in respect of the proposed auditor’s remuneration for the year ending 31 December 2023.
TAT HONG EQUIP0215328-Sep-23
25-Aug-23
Could not reach a consensus in respect of the proposed auditors’ remuneration for the year ending 31 March 2024.
YIDA CHINA0363931-Aug-23
23-Feb-24
Could not reach a consensus on the audit fee.
NEWBORNTOWN0991108-Aug-23
08-Aug-23
Could not reach a consensus in respect of the proposed auditor’s remuneration for the year ending 31 December 2023.
DIT GROUP0072604-Aug-23
04-Aug-23
The Company cannot reach consensus on fees with PwC.
SOUTH MANGANESE0109119-Oct-2231-Jul-23
18-Aug-23 118-Aug-23 2
Unable to obtain sufficient and reasonable explanations and evidence for the Audit Issues, and not informed of the final scope, progress, and results of the Independent Investigation.
CHEN LIN EDU0159324-Jul-23
24-Jul-23
The Board, after comparing the audit fee quotations obtained from multiple accounting firms, has decided to propose to change the Auditor for the audit of the consolidated financial statement of the Group for the year ending 31 August 2023.
CHEN LIN EDU0159324-Jul-23
26-Jul-23
Not Specified
BRIGHT FUTURE0135124-Jul-23
28-Jul-23
Could not reach a consensus on the proposed audit fees for the year ending 31 December 2023
MIE HOLDINGS0155506-Jul-23
06-Jul-23
Consensus could not be reached between PwC and the Company on the timetable to complete the 2022 Audit. up to the date of the Resignation Letter, PwC has not been provided with the relevant information as requested nor the progress or results of the Investigation, PwC was not in a position to commit to a timetable for completion of the 2022 Audit as requested by the Company.
REDCO GROUP0162230-Jun-23
30-Jun-23
PwC was unable to commit a definite timetable on the completion of the 2022 Audit due to ongoing independent inquiry and lack of required information.
REDCO HEALTHY0237030-Jun-23
30-Jun-23
PwC was unable to commit a definite timetable on the completion of the 2022 Audit due to ongoing independent inquiry and lack of required information.
SHIFANG HLDG0183130-Jun-23
03-Jul-23
Resolution regarding the re-appointment of PricewaterhouseCoopers as the Company’s auditor was not passed at the AGM.
REDCO GROUP0162230-Jun-23
25-Jul-23
Not Specified
SHIFANG HLDG0183130-Jun-23
19-Aug-24
Retirement
CHINA LIFE0262828-Jun-23
27-Jun-24 127-Jun-24 2
Retirement
CITIC0026721-Jun-23
28-Apr-23
Reached the prescribed time limit for continuous appointment by a state-owned financial enterprise.
GALA TECH HOLD0245816-Jun-23
22-May-23
Audit fee consideration
GUANGSHEN RAIL0052515-Jun-23
18-Jun-24
Retirement
CHINA HUIRONG0129012-Jun-23
26-Apr-23
Could not reach a consensus on the audit fee.
CSC0606629-May-23
29-May-23
Reached the maximum number of consecutive years for a financial institution to engage an accounting firm as stipulated in the Administrative Measures for State-owned Financial Enterprises to Select and Engage Accounting Firms. Resigned international auditor: PricewaterhouseCoopers and domestic auditor PricewaterhouseCoopers Zhong Tian LLP, appointed international auditor: KPMG and domestic auditor KPMG Huazhen LLP Accountants LLP
WEILONG0998525-May-23
01-Jun-23 101-Jun-23 2
Could not reach a consensus in respect of the auditor’s remuneration for the financial year ending 31 December 2023.
YUEXIU PROPERTY0012318-May-23
15-Mar-23
Rotation of Auditor after an appropriate period of time is a good corporate practice.
CITIC SEC0603012-May-23
12-May-23
The terms of audit services provided by PwC Zhong Tian and PwC to the Company have reached the maximum term of consecutive engagement as specified in the Administrative Measures. Resigned international auditor: PricewaterhouseCoopers and domestic auditor PricewaterhouseCoopers Zhong Tian LLP, appointed international auditor: KPMG and domestic auditor KPMG Huazhen LLP Accountants LLP
ECOGREEN0234104-May-23
04-May-23
Significant Unresolved Audit Matter and inability to determine necessary additional audit procedures.
CITIC BANK0099828-Apr-23
28-Apr-23
The terms of audit services provided by PwC Zhong Tian and PwC to the Bank have reached the maximum term of consecutive engagement as specified in the Administrative Measures.
DATANG GROUP0211731-Mar-23
31-Mar-23
PwC identified certain issues and required information relating to certain significant matters of the audit, which would require further explanations and clarifications from the Company. As PwC has not obtained sufficient explanations and evidence for those matters in a timely manner, PwC informed the Company that it will not be able to complete the necessary audit work on or before 31 March 2023. As the Company and PwC have not been able to agree on the timetable for completion of the audit work after further discussion.
LIFE CONCEPTS0805631-Mar-23
04-Apr-23
The quoted fee from PwC was far above their expectation.
DATANG GROUP0211731-Mar-23
12-May-23
Issues identified by PwC during the audit for the 2022 Annual Results.
DONGFENG GROUP0048929-Mar-23
30-Mar-23 130-Mar-23 2
Reached the prescribed time limit for audit services as per regulations.
YUEXIU REIT0040509-Mar-23
09-Mar-23
Rotation of Auditor after an appropriate period of time is a good corporate governance practice.
JIAYUAN SER0115306-Mar-23
07-Mar-23
To save costs and due to the imminent need for completing the audit work for the year ended 31 December 2022. In its resignation letter PwC set out the matters leading to its resignation which also represent those matters that PwC considered should be brought to the attention of the Company’s shareholders and creditors These are indicators of an increased risk of the impairment on the Group’s balance due from Jiayuan International on which PwC intended to focus.
CHINA TOWER0078802-Mar-23
02-Mar-23
Limits in respect of the number of years of financial auditing work that an accounting firm can continuously provide. Due to the Relevant Requirements, the service terms of PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian LLP will expire soon. Resigned international auditor: PricewaterhouseCoopers and domestic auditor PricewaterhouseCoopers Zhong Tian LLP, appointed international auditor: KPMG and domestic auditor KPMG Huazhen LLP Accountants LLP
EVERGRANDE0333316-Jan-23
16-Jan-23
The Company and PwC have not been able to agree on the timetable and the scope of work in respect of the assessment on the Group’s going concern basis and implications of the relevant disclosure, as well as the additional audit work and procedures required for the assets impairment assessment.
EVERG SERVICES0666616-Jan-23
16-Jan-23
The Company and PwC have not been able to agree on the timetable and the scope of work in respect of the assessment on the Group’s going concern basis and implications of the relevant disclosure, as well as the additional audit work and procedures required for the assets impairment assessment and contingencies.
EVERG VEHICLE0070816-Jan-23
16-Jan-23
Failed to reach agreement on the timetable and the scope of work in respect of PwC’s assessment on the Group’s going concern preparation basis and the related disclosure implications as well as the additional audit work and procedures required for assessing impairment of assets.
VODATEL NETWORK0803329-Dec-22
09-Jan-23 109-Jan-23 2
Could not reach consensus with PwC regarding the remuneration of the Auditor for the year ending 31st December 2022.
AGILE GROUP0338315-Dec-22
15-Dec-22
Rotation of auditor after an appropriate period of time.
RICI HEALTH0152613-Dec-22
14-Dec-22
Could not reach a consensus on the audit fee for the financial year ending December 31, 2022.
51 CREDIT CARD0205109-Dec-22
09-Dec-22
PwC substantially increased its audit fee quotation for the year ending 31 December 2022 as the matters disclosed in the inside information announcement of the Company dated 4 November 2022 will need to be fully explored by PwC to conclude such implication to the Company’s financial statements, resulting in the inability of the Company and PwC to reach a consensus regarding the audit fee of the Company for the year ending 31 December 2022.
SINO-OCEAN SERV0667702-Dec-22
02-Dec-22
At the request of the Board, and due to ongoing discussions and requests for additional information related to significant matters impacting financial statements.
GLORIOUS PPT H0084530-Nov-22
30-Nov-22
Could not reach a consensus with PwC in respect of the audit fee of the Company for the year ending 31 December 2022.
A-LIVING0331924-Nov-22
25-Nov-22
To maintain good corporate governance practice for the term of auditor
KIDSLAND INTL0212218-Nov-22
18-Nov-22
Could not reach a consensus on the proposed fees in relation to the audit of the annual results of the Group for the financial year ending 31 December 2022.
MIJI INTL HLDGS0171511-Nov-22
11-Nov-22
Could not reach a consensus on the audit fee for the financial year ending 31 December 2022.
SINO-OCEAN GP0337709-Nov-22
11-Nov-22
For the purpose of maintaining best corporate governance practice that service of the auditor shall not be more than seven years. PwC in its resignation letter sets out the matters leading to its resignation. These matters also represent those that PwC considers should be brought to the attention of the Shareholders and creditors of the Company. , PwC has held ongoing discussions with the Company’s management and has requested the Company’s management to provide the additional information relating to certain significant matters which might have an impact on the financial statements of the Group for the year ending 31 December 2022. (Details in announcement)
CHINA VERED FIN0024508-Nov-22
20-Oct-22
PwC decided not to continue their audit relationship with the Company due to factors including the level of audit fees, their available internal resources, and the professional risk associated with the audit.
HONGHUA GROUP0019631-Oct-22
01-Nov-22
Could not reach a consensus on the audit fee for the financial year ended 31 December 2022.
CONFIDENCE IN0196728-Oct-22
28-Oct-22
Could not reach a consensus on the audit fee for the year ending 31 December 2022.
CLARITY MEDICAL0140626-Oct-22
26-Oct-22
As good corporate governance measure, the Company should consider a rotation of its independent auditors after an appropriate period of time.
MSCTECH0163219-Oct-22
19-Oct-22
Could not reach a consensus in respect of the audit fee of the Company for the financial year ending 31 March 2023.
TAKBO GROUP0843605-Oct-22
12-Oct-22
Cannot reach a consensus with PwC in respect of the auditor’s remuneration for the year ending 31 December 2022.
SKYFAME REALTY0005919-Sep-22
19-Sep-22
Professional risks, available internal resources, and the level of audit fees.
SKYFAME B3311B0537919-Sep-22
18-Jan-23
Not Specified
SKYFAME B25090562619-Sep-22
18-Jan-23
Not Specified
SKYFAME B32110560219-Sep-22
18-Jan-23
Not Specified
SKYFAME B26090531019-Sep-22
18-Jan-23
Not Specified
SKYFAME B3111B0556719-Sep-22
18-Jan-23
Not Specified
SKYFAME B2609B0536719-Sep-22
18-Jan-23
Not Specified
SKYFAME B24090582119-Sep-22
18-Jan-23
Not Specified
SKYFAME REALTY0005919-Sep-22
18-Jan-23
Not Specified
SKYFAME B31110585519-Sep-22
18-Jan-23
Not Specified
SKYFAME B33110531119-Sep-22
18-Jan-23
Not Specified
SKYFAME B2409B0558019-Sep-22
18-Jan-23
Not Specified
CHESHI TECH0149022-Jul-22
22-Jul-22
Unable to reach consensus on the audit fee for the year ending 31 December 2022.
HUAZHANG TECH0167318-Jul-22
18-Jul-22
Could not reach an agreement on the audit fee for the financial year ended 30 June 2022.
CATHAY EDU0198115-Jul-22
15-Jul-22
Could not reach a consensus in respect of the auditor’s remuneration for the year ending 31 December 2022.
YUNNAN WATER0683908-Jul-22
11-Nov-22
Retired as an auditor. Also appointed Da Hua Certified Public Accountants LLP as domestic auditor.
YUNNAN WATER0683930-Jun-22
08-Jul-22
Restrictions on the term of years of audit services that an accounting firm can provide
SUNAC0191828-Jun-22
08-Jul-22 108-Jul-22 2
Could not reach a mutually agreed timetable for completing the audit of the 2021 annual results. PwC has stated in its resignation letter that it has not yet obtained the further information below to enable it to complete all necessary audit procedures of the audit of the 2021 annual results
HOSPITAL CORP0386922-Jun-22
29-Apr-22
Could not reach a consensus on the fee for the audit of the Group for the financial year ending 31 December 2022.
GREAT HARVEST0368320-Jun-22
20-Jun-22
Could not reach a consensus on the audit fee for the financial year ended 31 March 2022.
GREAT HARVEST0368320-Jun-22
08-Jul-22
Not Specified
ITP HOLDINGS0844617-Jun-22
17-Jun-22
Could not reach a consensus on the audit fee.
QINQIN FOODS0158317-Jun-22
17-Jun-22
Could not reach a consensus on the fees for the audit of the consolidated financial statements of the Group for the year ending 31 December 2022
JINGRUI N23024049010-Jun-22
27-Jun-22
Not Specified
JINGRUI N22094028210-Jun-22
27-Jun-22
Not Specified
SAI LEISURE0183202-Jun-22
14-Apr-22
Travel restrictions and mandatory quarantine requirements due to COVID-19 pandemic caused inefficiency in the audit process.
HUAFA PPT SER0098231-May-22
29-Mar-22
Rotation of auditor after an appropriate period of time to enhance independence and effectiveness of audit services.
JINGRUI HLDGS0186231-May-22
10-Jun-22
The Company has not been able to agree with PricewaterhouseCoopers on a mutually acceptable timetable to complete the audit for the audited results of the Group for the year ended 31 December 2021. In its resignation letter, PwC stated that further clarification with respect to the nature of certain bank deposits held by the Group in the amount of approximately RMB4,910 million was required.
JINGRUI N24014086631-May-22
10-Jun-22
The Company has not been able to agree with PricewaterhouseCoopers on a mutually acceptable timetable to complete the audit for the audited results of the Group for the year ended 31 December 2021. In its resignation letter, PwC stated that further clarification with respect to the nature of certain bank deposits held by the Group in the amount of approximately RMB4,910 million was required.
JINGRUI N23024049031-May-22
10-Jun-22
The Company has not been able to agree with PricewaterhouseCoopers on a mutually acceptable timetable to complete the audit for the audited results of the Group for the year ended 31 December 2021. In its resignation letter, PwC stated that further clarification with respect to the nature of certain bank deposits held by the Group in the amount of approximately RMB4,910 million was required.
JINGRUI N22070560331-May-22
10-Jun-22
The Company has not been able to agree with PricewaterhouseCoopers on a mutually acceptable timetable to complete the audit for the audited results of the Group for the year ended 31 December 2021. In its resignation letter, PwC stated that further clarification with respect to the nature of certain bank deposits held by the Group in the amount of approximately RMB4,910 million was required.
JINGRUI N22094028231-May-22
10-Jun-22
The Company has not been able to agree with PricewaterhouseCoopers on a mutually acceptable timetable to complete the audit for the audited results of the Group for the year ended 31 December 2021. In its resignation letter, PwC stated that further clarification with respect to the nature of certain bank deposits held by the Group in the amount of approximately RMB4,910 million was required.
JINGRUI N23104065931-May-22
10-Jun-22
The Company has not been able to agree with PricewaterhouseCoopers on a mutually acceptable timetable to complete the audit for the audited results of the Group for the year ended 31 December 2021. In its resignation letter, PwC stated that further clarification with respect to the nature of certain bank deposits held by the Group in the amount of approximately RMB4,910 million was required.
TIANYUN INT'L0683616-May-22
16-May-22
PwC has not been able to obtain any information nor satisfactory explanations in connection with the irregularities of the Bank Confirmations up to the date hereof and given the Investigation has not been commenced, PwC is not able to determine and perform the necessary additional audit procedures and the time required to finalise the 2021 Audit.
BOCOMI N26064073710-May-22
10-May-22
Company’s intention to align its appointment of auditor with that of its controlling shareholder
BOCOM INTL0332910-May-22
10-May-22
Company’s intention to align its appointment of auditor with that of its controlling shareholder
R&F PROPERTIES0277729-Apr-22
10-Jun-22 110-Jun-22 2
Unable to agree on a mutually acceptable timetable to complete the audit due to delays caused by COVID-19.
SHIMAO SERVICES0087328-Apr-22
29-Apr-22
Could not agree on the timetable and possible additional fee for completion of the audit.
DEXIN SER GROUP0221525-Apr-22
26-Apr-22
Unable to obtain adequate explanations and information due to tight schedule and COVID-19 epidemic situation in China.
ZC TECH GP0851122-Apr-22
22-Apr-22
Could not reach a consensus in respect of the audit fee for the year ended 31 March 2022.
DRCB0988920-Apr-22
23-May-22 123-May-22 2
Retirement as the international auditor of the Bank with effect from the conclusion of the 2021 annual general meeting and will not offer itself for re-election.
DEXIN CHINA0201914-Apr-22
19-Apr-22
Unable to reasonably estimate the time required to complete all audit work due to tight schedule, insufficient information, and impact of COVID-19 epidemic in China.
DEXIN CH N22044013614-Apr-22
19-Apr-22
Unable to reasonably estimate the time required to complete all audit work due to tight schedule, insufficient information, and impact of COVID-19 epidemic in China.
DEXIN CH N22124049714-Apr-22
19-Apr-22
Unable to reasonably estimate the time required to complete all audit work due to tight schedule, insufficient information, and impact of COVID-19 epidemic in China.
ANHUIEXPRESSWAY0099528-Mar-22
28-Mar-22
Exceeded their engagement term
SHIMAO GROUP0081324-Mar-22
25-Mar-22
Could not agree with PwC on the timetable and possible additional fee for completion of the audit.
POWERLONG0123824-Mar-22
31-Mar-22 131-Mar-22 2
Unable to agree on a mutually acceptable timetable to complete the audit due to the impact of COVID-19.
POWERLONG CM0990924-Mar-22
31-Mar-22 131-Mar-22 2
Unable to reasonably estimate the time required to complete all audit work for the annual results of the Group in respect of the year ended 31 December 2021 due to the impact of COVID-19.
RONSHINECHINA0330121-Mar-22
21-Mar-22
Not Specified
RONSHINE SERV0220721-Mar-22
22-Mar-22
Unable to determine the scope of follow-up audit work and agree on a mutually acceptable timetable due to the resurgence of COVID-19 and the volatile market and financing environment of the PRC real estate industry.
RONSHINECHINA0330118-Mar-22
21-Mar-22
Unable to complete all audit work for the annual results within the agreed schedule due to delays in information supply and bank confirmations, and inability to agree on audit fee adjustments and timetable.
F SSIFIRONORE-U0904728-Feb-22
28-Jan-22
Not Specified
F SSIFIRONORE0304728-Feb-22
28-Jan-22
Not Specified
CQRC BANK0361824-Feb-22
24-Feb-22
The term of consecutive engagement of the same accounting firm by a state-owned financial enterprise shall not exceed eight years.
HOPSON DEV HOLD0075427-Jan-22
27-Jan-22
Could not reach a consensus on the audit fee for the financial year ended 31 December 2021. PwC has not obtained the requisite information for the following matters to date, and therefore, it could not plan and complete the necessary audit procedures for the time being. These matters include the accounting treatment of certain of the Group’s equity investments and property projects and the valuation of the Group’s investment properties, as well as the overall impact of these material matters on the Group’s financial statements and relevant disclosures.
HOPSON B23010431227-Jan-22
27-Jan-22
Could not reach a consensus on the audit fee for the financial year ended 31 December 2021. PwC has not obtained the requisite information for the following matters to date, and therefore, it could not plan and complete the necessary audit procedures for the time being. These matters include the accounting treatment of certain of the Group’s equity investments and property projects and the valuation of the Group’s investment properties, as well as the overall impact of these material matters on the Group’s financial statements and relevant disclosures.
HOPSON DEV HOLD0075427-Jan-22
28-Jan-22
Not Specified
HOPSON B23010431227-Jan-22
28-Jan-22
Not Specified
ANCHORSTONE0159224-Jan-22
24-Jan-22
Professional risks, available internal resources, and the level of audit fees.
SPACE GROUP0244807-Jan-22
07-Jan-22
Could not reach a consensus on the audit fee.
EGGRICULTURE0860912-Oct-21
05-Jan-22
Not Specified
CHINANEWENERGY0115630-Jun-21
07-Jan-22
Not Specified
TIANJIN CAPITAL0106527-May-21
25-Apr-22
The company decided to align the preparation of its financial statements in accordance with China Accounting Standards for Business Enterprises.
YIDONG ELEC0824926-Nov-04
20-Jan-05
Could not reach a consensus on the amount of audit fees for the year ending 31 December 2004.