Li Ning Company Limited Announces Proposed Change of Auditor Following PwC's Retirement

Reuters

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Li Ning Company Limited Announces Proposed Change of Auditor Following PwC's Retirement

Li Ning Company Limited has announced a proposed change of its auditor. The current auditor, PricewaterhouseCoopers (PwC), will retire at the conclusion of the upcoming annual general meeting on June 12, 2025, and will not be re-appointed. PwC has served as the company's auditor since its listing in 2004. The decision for this change is aligned with good corporate governance practices and aims to maintain the independence and objectivity of the external auditor. The board, along with the audit committee, has recommended this transition as beneficial for the company's best interests. Li Ning Company Limited will provide further details in a circular to its shareholders.

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. Li Ning Company Limited published the original content used to generate this news brief on May 14, 2025, and is solely responsible for the information contained therein.

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The current auditor, PricewaterhouseCoopers (PwC), will retire at the conclusion of the upcoming annual general meeting on June 12, 2025, and will not be re-appointed. PwC has served as the company's auditor since its listing in 2004. The decision for this change is aligned with good corporate governance practices and aims to maintain the independence and objectivity of the external auditor. The board, along with the audit committee, has recommended this transition as beneficial for the company's best interests. Li Ning Company Limited will provide further details in a circular to its shareholders.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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The current auditor, PricewaterhouseCoopers (PwC), will retire at the conclusion of the upcoming annual general meeting on June 12, 2025, and will not be re-appointed. PwC has served as the company's auditor since its listing in 2004. The decision for this change is aligned with good corporate governance practices and aims to maintain the independence and objectivity of the external auditor. The board, along with the audit committee, has recommended this transition as beneficial for the company's best interests. Li Ning Company Limited will provide further details in a circular to its shareholders.\n      \n\nDisclaimer: 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. 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