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Beijing Xunzhong Switches Auditor From EY to Da Hua

Story Highlights
  • Beijing Xunzhong confirmed that Ernst & Young will retire and not be reappointed as its auditor after the 2025 Sixth Extraordinary General Meeting.
  • The company will appoint Da Hua Certified Public Accountants as auditor for the 2025 financial year, citing its Mainland China audit relationship and audit fee levels.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Beijing Xunzhong Switches Auditor From EY to Da Hua

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An update from Beijing Xunzhong Communication Technology Co., Ltd. Class H ( (HK:2597) ) is now available.

Beijing Xunzhong Communication Technology Co., Ltd. has clarified details of its proposed change of auditor, confirming that Ernst & Young (EY) will retire and will not seek reappointment following the company’s 2025 Sixth Extraordinary General Meeting. Citing its existing working relationship with its Mainland China auditor and the level of audit fees, the company has decided not to continue with EY and instead will appoint Da Hua Certified Public Accountants (Special General Partnership) as its auditor for the financial year ending 31 December 2025, with all other aspects of the earlier announcement remaining unchanged.

More about Beijing Xunzhong Communication Technology Co., Ltd. Class H

Beijing Xunzhong Communication Technology Co., Ltd. is a joint stock company incorporated in the People’s Republic of China and listed in Hong Kong, operating in the communications technology sector. The company is governed by a board comprising executive and independent non-executive directors, led by chairman, executive director and chief executive officer Piao Shenggen.

Average Trading Volume: 57,935

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$1.65B

See more insights into 2597 stock on TipRanks’ Stock Analysis page.

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