Productive Technologies Announces Auditor Change, KPMG to Retire After AGM

Reuters08-29
Productive Technologies Announces Auditor Change, KPMG to Retire After AGM

Productive Technologies Company Limited has announced a proposed change of auditor, with KPMG set to retire following the upcoming annual general meeting. The decision, recommended by the company's audit committee, is part of a strategic move to enhance auditor independence. KPMG, which has served the company since 2016, will be succeeded by Rongcheng, deemed eligible and suitable by the audit committee. The change is not expected to materially impact the group and is considered beneficial for the company and its shareholders. A detailed circular regarding this transition will be distributed to shareholders in compliance with listing regulations.

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