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An update from Xingda International Holdings ( (HK:1899) ) is now available.
Xingda International Holdings has issued a supplemental announcement ahead of its upcoming annual general meeting, clarifying details on the proposed re-appointment of Deloitte Touche Tohmatsu as its independent auditor. Deloitte, which is set to retire at the AGM but is eligible for reappointment, has been recommended by the audit committee and the board, with the proposed mandate running until the next AGM and remuneration to be fixed by the board.
The company estimates the annual audit fee for the year ending 31 December 2026 will range from RMB2.35 million to RMB2.68 million, excluding taxes and disbursements, based on assumptions that the group’s business scope, structure, and complexity remain broadly unchanged from 2025. The board argues that Deloitte’s familiarity with the group’s financial affairs makes the fee fair and reasonable and views the re-appointment as being in the interests of both the company and its shareholders, noting that all other information in the AGM circular remains unchanged.
More about Xingda International Holdings
Xingda International Holdings Limited is a Cayman Islands-incorporated company listed in Hong Kong, operating through a group structure with executive and independent non-executive directors overseeing its governance. The company is subject to Hong Kong Listing Rules and holds annual general meetings where shareholders vote on key matters, including the appointment of independent auditors.
Average Trading Volume: 637,548
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$2.35B
For an in-depth examination of 1899 stock, go to TipRanks’ Overview page.