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Shenzhen Expressway Co ( (HK:0548) ) has shared an update.
Shenzhen Expressway Corporation Limited plans to rotate its external auditor in line with state-owned assets supervision rules that cap consecutive audit terms at five years, ending Deloitte Touche Tohmatsu CPA LLP’s mandate after the 2025 annual general meeting. The company’s audit committee has recommended appointing KPMG Huazhen LLP as auditor for the 2026 financial year, citing its independence, sector expertise and governance benefits from auditor rotation.
The board has endorsed the proposal to hire KPMG to audit the 2026 financial statements and internal controls and perform international auditor duties under Hong Kong listing rules, with a proposed fee of RMB3.6 million subject to shareholder approval at the next AGM. Deloitte, which has served for five consecutive years, will retire without any reported disputes or outstanding issues, and the board has formally thanked the firm for its professional services.
More about Shenzhen Expressway Co
Shenzhen Expressway Corporation Limited is a Chinese state-controlled infrastructure company focused on the investment, construction and operation of toll expressways and related transportation assets. Listed in Hong Kong, it serves as a key regional player in Guangdong’s transport network, providing road connectivity that supports trade, logistics and urban development in the Greater Bay Area.
Average Trading Volume: 2,309,803
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$24.1B
See more insights into 0548 stock on TipRanks’ Stock Analysis page.