Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
SiS International Holdings ( (HK:0529) ) has provided an announcement.
SiS International Holdings has proposed a change of auditor, with Deloitte Touche Tohmatsu set to retire at the conclusion of the June 2026 annual general meeting and Ernst & Young’s Hong Kong firm to be appointed for the financial year ending 31 December 2026, subject to shareholder approval. The move is intended to align the group’s audit work with its major Thai subsidiary, where EY’s Thailand office already serves as auditor, and is framed as a governance-driven rotation aimed at improving audit efficiency, with the board and Deloitte both stressing there are no disagreements or issues requiring shareholder or creditor attention.
The board and its audit committee evaluated EY Hong Kong under regulatory guidelines, considering independence, industry expertise, audit scope, resource allocation, fees and the benefits of rotating a long-serving auditor, and concluded the appointment is in the interests of the company and its shareholders as a whole. A circular outlining the proposed change and convening the forthcoming annual general meeting will be sent to shareholders in due course, while the company publicly thanked Deloitte for its years of professional service, signaling an orderly transition that should support continuity and confidence among investors and other stakeholders.
More about SiS International Holdings
SiS International Holdings Limited is a Bermuda-incorporated investment holding company listed in Hong Kong, with a group structure that includes SiS Distribution (Thailand) Public Company Limited as an indirectly held, non-wholly owned major subsidiary. The Thai unit is a key contributor to the group’s overall results, giving the company a significant operational and earnings exposure to the Thai market.
Average Trading Volume: 59,222
Technical Sentiment Signal: Hold
Current Market Cap: HK$528.1M
For a thorough assessment of 0529 stock, go to TipRanks’ Stock Analysis page.