Shenzhen Zhaowei Machinery & Electronics Co., Ltd. (stock code: 02692, “ZHAOWEI”) has issued a circular proposing the appointment of Ernst & Young as the company’s overseas accounting firm for the 2025 financial year. The resolution will be put to shareholders at the first extraordinary general meeting (EGM) of 2026, scheduled for 3:00 p.m. on Friday, 27 March 2026, at Room 101, Office Building, No. 62 Yanhu Road, Yanchuan Community, Yanluo Subdistrict, Bao’an District, Shenzhen, Guangdong Province, PRC.
Key points from the circular are as follows:
• Purpose of appointment: Compliance with Hong Kong Main Board listing requirements following ZHAOWEI’s listing on 9 March 2026. Ernst & Young acted as the reporting accountant for the H-share IPO and is assessed by the board as independent and professionally competent.
• Audit scope: Ernst & Young will audit financial statements prepared under International Financial Reporting Standards for FY2025.
• Tenure: The engagement becomes effective upon shareholder approval at the EGM and lasts until the conclusion of the next annual general meeting.
• Audit fee: Management will negotiate and finalise the fee with Ernst & Young, subject to parameters authorised by the shareholders.
• Register closure: The H-share register will be closed from Tuesday, 24 March 2026 to Friday, 27 March 2026, inclusive. Only shareholders on record as of 27 March 2026 may attend and vote. Share transfer documents must be lodged with Tricor Investor Services Limited by 4:30 p.m. on Monday, 23 March 2026.
• Proxy submission: H-shareholders unable to attend in person must deliver proxy forms to Tricor Investor Services Limited by 3:00 p.m. on Thursday, 26 March 2026. Votes will be taken by poll in accordance with Hong Kong Listing Rules.
The board unanimously recommends shareholders vote in favour of the appointment, citing continuity and investor protection considerations.
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