Sun Art Retail Group Limited, a company incorporated in Hong Kong, has announced a proposed change of auditors. The company has decided not to re-appoint its current auditors, PricewaterhouseCoopers (PwC), due to business needs and to uphold good corporate governance practices through auditor rotation. PwC will retire as the company's auditors following the upcoming annual general meeting on August 14, 2025. The Board of Directors, with the recommendation of the Audit Committee, plans to appoint KPMG as the new auditors, subject to shareholder approval at the meeting. This decision is part of the company's efforts to maintain transparency and accountability in its financial reporting processes.
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