Sinotrans Moves to Appoint New Auditor BDO for 2026 to Strengthen Audit Independence

Sinotrans ( (HK:0598) ) has issued an update.

Sinotrans plans to replace ShineWing Certified Public Accountants as its auditor after eight consecutive years of service, citing regulatory requirements for state-owned and listed enterprises and a desire to enhance audit independence and objectivity. The board, following approval by the audit committee, has endorsed the appointment of BDO China Shu Lun Pan Certified Public Accountants as auditor for the 2026 financial reports and internal control, with an estimated audit fee of RMB13.10 million, subject to shareholder approval at a forthcoming general meeting and minor fee adjustments based on workload.

The company emphasized that it has no disagreements or unresolved matters with the outgoing auditor, and ShineWing has confirmed there are no issues that need to be brought to shareholders’ attention. The move signals Sinotrans’ compliance with evolving governance expectations for state-owned enterprises and may bolster investor confidence in the robustness and independence of its auditing arrangements, as details of the change are set to be communicated to shareholders via a circular.

The most recent analyst rating on (HK:0598) stock is a Buy with a HK$4.75 price target. To see the full list of analyst forecasts on Sinotrans stock, see the HK:0598 Stock Forecast page.

More about Sinotrans

Sinotrans Limited is a PRC-incorporated, Hong Kong–listed logistics company that provides integrated transportation and related services. The group focuses on serving domestic and international trade flows, operating as part of China’s state-owned enterprise ecosystem and adhering to mainland regulatory requirements for listed companies.

Average Trading Volume: 4,918,692

Technical Sentiment Signal: Buy

Current Market Cap: HK$45.63B

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