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Yanchang Petroleum International Limited ( (HK:0346) ) has shared an announcement.
Yanchang Petroleum International has issued a supplemental announcement ahead of its April 2026 annual general meeting, clarifying arrangements for its external audit. The company plans to seek shareholder approval to re-appoint BDO Limited as auditor for the financial year ending 31 December 2026, maintaining continuity in oversight of its accounts.
The estimated audit fee is set at about HK$2.2 million, excluding expenses, based on the group’s business development, audit scope, timetable and resource needs. The board views the fee as fair and reasonable given BDO’s familiarity with the group, and expects the final amount not to differ materially unless there is a significant change in operations or assumptions, in which case further disclosure will be made.
More about Yanchang Petroleum International Limited
Yanchang Petroleum International Limited is an energy company engaged in the petroleum sector, focusing on oil-related businesses and operating through a group structure. Listed in Hong Kong, the company is overseen by a board comprising executive, non-executive and independent non-executive directors, reflecting a standard corporate governance framework for regional oil and gas players.
Average Trading Volume: 2,545,392
Technical Sentiment Signal: Sell
Current Market Cap: HK$434.5M
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