Huashi Group Announces Auditor Transition from BDO to ZSZH Hong Kong

Bulletin Express06-02 23:03

Huashi Group Holdings Limited (Huashi Group) disclosed a planned change of auditor under Hong Kong Listing Rule 13.51(4).

BDO Limited, the current independent auditor, will retire at the conclusion of the annual general meeting (AGM) scheduled for 26 June 2026. BDO has not commenced any audit work for the financial year ending 31 December 2026, and both the board and the audit committee confirmed there are no disagreements or unresolved matters associated with its retirement.

Subject to shareholder approval at the AGM, the board proposes appointing ZSZH (HK) Fuson CPA Limited as the new auditor for the period from the AGM’s conclusion until the next AGM. Assessment factors included audit scope, fee proposal, listed-company experience, team resources, independence and the firm’s Wuhan head office, which aligns with Huashi Group’s primary operating base.

The estimated audit fee for ZSZH Hong Kong ranges from RMB1.00 million to RMB1.30 million, determined with reference to the Group’s size, operational complexity and expected audit timetable. The board and audit committee believe the change will enhance audit independence and is in the overall interests of shareholders.

A circular detailing the proposed auditor change and the AGM notice will be dispatched to shareholders in due course.

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