China Communications Construction Plans Auditor Switch to KPMG Under Rotation Rules

China Communications Construction Co ( (HK:1800) ) has shared an announcement.

China Communications Construction Company Limited has proposed appointing KPMG as its international auditor and KPMG Huazhen LLP as its domestic auditor for the 2026 financial year, replacing Ernst & Young and Ernst & Young Hua Ming LLP. The board’s audit and risk committee says the proposed new auditors meet all professional and independence requirements, with their mandate to run from shareholder approval at the 2025 annual general meeting through to the 2026 AGM.

The change is driven by regulatory rules on mandatory auditor rotation issued by Chinese authorities, as the tenure of Ernst & Young and its domestic affiliate has reached the prescribed limit. Both outgoing firms have confirmed there are no matters related to their retirement that need to be brought to shareholders’ attention, and the board has formally expressed its gratitude for their past service while preparing to circulate further details of the transition to investors.

The most recent analyst rating on (HK:1800) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on China Communications Construction Co stock, see the HK:1800 Stock Forecast page.

More about China Communications Construction Co

China Communications Construction Company Limited is a leading Chinese infrastructure and engineering enterprise listed in Hong Kong, operating in sectors such as transportation construction, port and highway development, and related engineering services. The company focuses on large-scale domestic and international projects, often serving state-owned asset interests and supporting national infrastructure strategies.

Average Trading Volume: 11,556,547

Technical Sentiment Signal: Hold

Current Market Cap: HK$124.3B

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