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The latest announcement is out from Xinjiang Tianye Water Saving Irrigation System Co., Ltd. Class H ( (HK:0840) ).
Xinjiang Tianye Water Saving Irrigation System Company Limited has issued a supplemental announcement to its AGM circular, detailing a proposal to re-appoint BDO China Shu Lun Pan Certified Public Accountants as auditor from the conclusion of the upcoming AGM until the next annual meeting. The company estimates the audit fee for the 2026 financial year at about RMB0.73 million to RMB0.75 million, based on factors such as historical fees, audit scope, operational complexity and the assumption of no major regulatory or operational changes.
Management argues that retaining BDO, which is already familiar with the group’s financial position, will ensure audit efficiency and is in the best interests of shareholders. The board considers the negotiated audit fee fair and reasonable, and notes that any material changes to the fee assumptions will be disclosed, while confirming that all other information in the original AGM circular remains unchanged.
More about Xinjiang Tianye Water Saving Irrigation System Co., Ltd. Class H
Xinjiang Tianye Water Saving Irrigation System Company Limited is a PRC-incorporated joint stock company listed in Hong Kong, operating in the water-saving irrigation systems sector. The group focuses on designing and supplying irrigation solutions, serving agricultural and related water conservation markets in Xinjiang and broader mainland China.
Average Trading Volume: 33,333
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$94.03M
See more insights into 0840 stock on TipRanks’ Stock Analysis page.