Hainan Drinda Details Rationale for Switching Overseas Auditor

Hainan Drinda New Energy Technology Co., Ltd. Class H ( (HK:2865) ) has issued an announcement.

Hainan Drinda New Energy Technology said it plans to replace its overseas auditor, emphasizing that the Audit Committee has assessed the prospective firm Zhonghui Anda under Hong Kong’s audit governance guidelines. The company highlighted Zhonghui Anda’s organizational structure, quality control systems and commitment to acting in the interests of stakeholders and the wider public.

The Audit Committee noted that Zhonghui Anda has robust ethical policies, confirmed its independence and lack of conflicts of interest, and adheres to the professional code of ethics. It also stressed Zhonghui Anda’s extensive experience auditing listed companies, including those in similar industries, and the continuity benefits from its affiliation with the group’s domestic auditor, supporting confidence in future audit quality for shareholders.

The most recent analyst rating on (HK:2865) stock is a Buy with a HK$52.00 price target. To see the full list of analyst forecasts on Hainan Drinda New Energy Technology Co., Ltd. Class H stock, see the HK:2865 Stock Forecast page.

More about Hainan Drinda New Energy Technology Co., Ltd. Class H

Hainan Drinda New Energy Technology Co., Ltd. is a PRC-incorporated joint stock company focused on the new energy sector, with its H shares listed on the Hong Kong Stock Exchange under stock code 02865. The group operates through various subsidiaries and is subject to Hong Kong’s regulatory and reporting framework as it serves investors in energy-related markets.

Average Trading Volume: 11,505,390

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$28.82B

For detailed information about 2865 stock, go to TipRanks’ Stock Analysis page.