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China Xinhua Education Group Limited ( (HK:2779) ) has provided an announcement.
China Xinhua Education Group plans to change its external auditor, with KPMG set to retire at the close of the annual general meeting scheduled for 16 June 2026, ending an engagement that began in 2018. The board, advised by the audit committee, views the move as a corporate governance measure to enhance auditor independence and align with best practices.
The company will seek shareholder approval at the AGM to appoint Rongcheng (Hong Kong) CPA Limited as its new auditor for the next financial year, following a selection process that weighed fees, technical competence, resources, independence and regulatory guidance. The board reported no disagreements with KPMG and expressed gratitude for its past services, signalling a smooth transition designed to support high-quality auditing and reassure investors about oversight and compliance standards.
More about China Xinhua Education Group Limited
China Xinhua Education Group Limited is a Cayman Islands-incorporated company listed in Hong Kong, operating in the education sector. The group provides education-related services and is governed by a board comprising executive, non-executive and independent non-executive directors, with its shares traded under stock code 2779 on the Hong Kong Stock Exchange.
Average Trading Volume: 518,807
Technical Sentiment Signal: Sell
Current Market Cap: HK$804.3M
Find detailed analytics on 2779 stock on TipRanks’ Stock Analysis page.