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Smoore Moves to Reappoint Deloitte as Auditor Under Updated HKEX Guidance

Story Highlights
  • Smoore plans to reappoint Deloitte Touche Tohmatsu as its auditor at the upcoming annual general meeting, aligning with updated Hong Kong Stock Exchange guidance on auditor disclosure requirements.
  • The company pegs audit and interim review fees at RMB3.3 million, citing market benchmarks and Deloitte’s familiarity with its operations as reasons to maintain continuity and efficiency in financial reporting.
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Smoore Moves to Reappoint Deloitte as Auditor Under Updated HKEX Guidance

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Smoore International Holdings Limited ( (HK:6969) ) has issued an announcement.

Smoore International Holdings has issued a supplemental announcement ahead of its annual general meeting, addressing updated Hong Kong Stock Exchange guidance on auditor disclosure and clarifying its plans regarding Deloitte Touche Tohmatsu. The board, acting on the audit committee’s recommendation, intends to seek shareholder approval to reappoint Deloitte as the company’s auditor for another year, with authority to fix its remuneration.

The company estimates audit and interim review fees of about RMB3 million and RMB300,000, respectively, and considers these levels fair based on market rates, scope of work and audit timetable. Management notes that Deloitte’s familiarity with Smoore’s financial affairs should support more efficient audit execution, signaling continuity in financial reporting and potentially reducing transition risk for investors and other stakeholders.

More about Smoore International Holdings Limited

Smoore International Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands, operating in the vaping and atomization technology sector. The group focuses on designing and manufacturing atomization devices and related components, serving both consumer and enterprise clients in global markets, and is subject to Hong Kong’s listing and corporate governance regulations.

Average Trading Volume: 19,531,343

Technical Sentiment Signal: Sell

Current Market Cap: HK$63.94B

For an in-depth examination of 6969 stock, go to TipRanks’ Overview page.

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