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The latest update is out from Yunnan Energy International Co. Limited ( (HK:1298) ).
Yunnan Energy International Co. Limited has issued a supplemental announcement to its AGM circular, clarifying matters related to the re-appointment of its external auditor. The company underscores its commitment to consistent financial oversight as it navigates multi-market regulatory environments.
The board plans to seek shareholder approval at the upcoming AGM to re-appoint ZHONGHUI ANDA CPA Limited as auditor for the financial year ending 31 December 2026, with an estimated audit fee of HK$1.7 million to HK$2.0 million. The fee was set after arm’s length negotiations, considering past fees, market rates, and the group’s operational complexity, and the board believes continuity with a firm familiar with the group will enhance audit efficiency and serve shareholders’ best interests.
The company notes that the fee estimate assumes no material changes in operations, accounting policies, or regulation, and that it will provide timely information to support the audit. It also commits to further disclosure if there are material deviations from the assumptions or audit fee range, while confirming that all other information in the AGM circular remains unchanged.
More about Yunnan Energy International Co. Limited
Yunnan Energy International Co. Limited is a Bermuda-incorporated company listed in both Hong Kong and Singapore. The group operates through subsidiaries and is subject to international financial reporting and audit requirements, reflecting its focus on maintaining compliance and transparency as a cross-border listed issuer.
Average Trading Volume: 49,000
Technical Sentiment Signal: Sell
Current Market Cap: HK$261.7M
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