Chongqing Machinery & Electric to change auditors as ShineWing exits after 2025 audit rotation rule

Reuters
Mar 20
Chongqing Machinery & Electric to change auditors as ShineWing exits after 2025 audit rotation rule
  • Chongqing Machinery and Electric plans to rotate its auditor after ShineWing has served since 2018 and will reach an eight-year limit under a Chongqing municipal rule.
  • ShineWing is expected to cease as auditor after completion and publication of the 2025 annual report.
  • Board-approved appointments name Zhongshen Zhonghuan as domestic financial and internal control auditor and ZSZH (HK) Fuson as overseas auditor, subject to shareholder approval at the AGM.
  • Total audit fees for the new appointments are set at CNY2.2 million for a one-year term.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chongqing Machinery & Electric Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260320-12061582), on March 20, 2026, and is solely responsible for the information contained therein.

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