| Pwc (China) | | 31-May-23 | | As less than 50% of the votes were cast in favour of the ordinary resolution in relation to the re-appointment of PricewaterhouseCoopers Zhong Tian LLP (“PwC”) as the auditor was not passed at the AGM. Some Shareholders shared concern about re-appointing PwC which had been the auditor of the Company since 2007 and that according to the Administrative Measures for Selection and Appointment of Accounting Firms by Stated-owned Enterprise and Listed Companies issued by the Ministry of Finance of the PRC, State-owned Assets Supervision and Administration Commission of the State Council and China Securities Regulatory Commission, the term of consecutive engagement of the same accounting firm by a state-controlled enterprise shall, in principle, not exceed 8 years. |
