theincrediblecrashdummies| Xingfa Aluminum (00098.HK): KPMG retires as auditor, Deloitte may become the new key candidate
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Xingfa Aluminum (00098)TheincrediblecrashdummiesHK) announces that KPMG will retire as auditorTheincrediblecrashdummiesProposed that Deloitte take overTheincrediblecrashdummiesThe approval of the shareholders' meeting is required.
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On May 7, Xingfa Aluminum (00098)TheincrediblecrashdummiesHK) announced that KPMG will no longer act as the company's auditor after the company's annual general meeting at the end of May 2024. The company's board of directors has proposed that Deloitte Guan Huang Chen Fang be appointed as the new auditor after KPMG retires, but it still needs the approval of the general meeting of shareholders. [the board of directors recommends the appointment of Deloitte as the company's new auditor, subject to approval by the shareholders' meeting]
Xingfa's decision was made after in-depth consultation with financial experts. As one of the largest accounting firms in the world, KPMG provided professional guidance and assistance to the financial management and business development of the company during its tenure as auditor. With the continuous growth of the company and the expansion of its business, Xingfa Aluminum hopes to introduce new auditors to better adapt to the company's development strategy and market needs.
Deloitte Guan Huang Chen Fang Accountants, as one of the largest professional service networks in the world, enjoys a high reputation around the world for its excellent professional ability and rich industry experience. Xingfa Aluminum believes that Deloitte's professional ability and experience will help the company to further improve its financial management level, strengthen internal controls, and enhance the company's transparency and credibility.
Xingfa Aluminum expressed its deep respect and gratitude for KPMG's resignation. Over the past years, KPMG has made important contributions to the company's financial audit and business development. The company will continue to maintain a good cooperative relationship with KPMG and jointly promote the sustained and healthy development of the company.
In addition, Xingfa Aluminum also stressed that the company will continue to adhere to the principles of open, transparent and standardized governance, strictly follow relevant laws and regulations and industry standards, and ensure the compliance of the company's financial management and business operations. At the same time, the company will continue to strengthen communication and exchanges with shareholders and actively listen to the opinions and suggestions of shareholders in order to better meet the interests and expectations of shareholders.