Summary by Moomoo AI
LONGYUAN POWER GROUP CO., LTD. (“LONGYUAN POWER”) ANNOUNCED THAT ACCORDING TO THE RELEVANT REGULATIONS IN CHINA, A STATE-OWNED ENTERPRISE MAY NOT EMPLOY THE SAME ACCOUNTING FIRM CONTINUOUSLY FOR MORE THAN 8 YEARS, SO THE COMPANY WILL REPLACE THE INTERNATIONAL AUDITOR. The current term of office of EY Accounting Firm, International Auditors, will expire at the end of the 2023 Annual General Meeting. LONGYUAN ELECTRIC HAS COMPLETED THE PUBLIC TENDER FOR INTERNATIONAL AUDITORS IN 2024 TO APPOINT THE NEW INTERNATIONAL AUDITOR OF PYMAWEI ACCOUNTING FIRM TO PROVIDE SERVICES INCLUDING AUDITING OF FINANCIAL STATEMENTS, QUARTERLY AUDITS AND OTHER SERVICES, FROM THE DATE OF APPROVAL BY THE GENERAL MEETING UNTIL THE END OF THE 2024 GENERAL MEETING. The decision will be detailed in the notice of the general meeting sent in due course. The Board of Directors and the Board's Audit Committee confirm that there is no split or unresolved issue between EY and EY regarding the replacement of auditor. The announcement date is 25 April 2024.