China Traditional Chinese Medicine Holdings Announces Auditor Retirement, Seeks Replacement

Reuters

05-29

China Traditional Chinese Medicine Holdings Announces Auditor Retirement, Seeks Replacement

China Traditional Chinese Medicine Holdings Co. Limited announced the retirement of its auditor, Ernst & Young (E&Y), due to regulatory requirements limiting the duration an accounting firm can provide auditing services to central state-owned enterprises and their subsidiaries. As a subsidiary of China National Pharmaceutical Group Co., Ltd., the company is subject to these regulations. E&Y had not yet commenced audit work for the financial year ending December 31, 2025, and the Board confirmed that this change would not significantly impact the annual audit and results release. The company is actively seeking a suitable replacement and will announce the new auditor when appointed.

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. China Traditional Chinese Medicine Holdings Co. Limited published the original content used to generate this news brief on May 29, 2025, and is solely responsible for the information contained therein.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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Limited announced the retirement of its auditor, Ernst &amp; Young (E&amp;Y), due to regulatory requirements limiting the duration an accounting firm can provide auditing services to central state-owned enterprises and their subsidiaries. As a subsidiary of China National Pharmaceutical Group Co., Ltd., the company is subject to these regulations. E&amp;Y had not yet commenced audit work for the financial year ending December 31, 2025, and the Board confirmed that this change would not significantly impact the annual audit and results release. The company is actively seeking a suitable replacement and will announce the new auditor when appointed.\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. 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. China Traditional Chinese Medicine Holdings Co. Limited published the original content used to generate this news brief on May 29, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250529:nNDLYLjp0:1","article_id":"2539237806","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2539237806","pubTimestamp":1748508250,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"China Traditional Chinese Medicine Holdings Co. Limited announced the retirement of its auditor, Ernst & Young (E&Y), due to regulatory requirements limiting the duration an accounting firm can provide auditing services to central state-owned enterprises and their subsidiaries. As a subsidiary of China National Pharmaceutical Group Co., Ltd., the company is subject to these regulations. E&Y had not yet commenced audit work for the financial year ending December 31, 2025, and the Board confirmed that this change would not significantly impact the annual audit and results release. The company is actively seeking a suitable replacement and will announce the new auditor when appointed.Disclaimer: This news brief was created by Public Technologies  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. China T","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"中国中药控股宣布审计师退休寻求替代","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00570":0.9},"content_text":"China Traditional Chinese Medicine Holdings Announces Auditor Retirement, Seeks Replacement\n    \n\n        China Traditional Chinese Medicine Holdings Co. Limited announced the retirement of its auditor, Ernst & Young (E&Y), due to regulatory requirements limiting the duration an accounting firm can provide auditing services to central state-owned enterprises and their subsidiaries. As a subsidiary of China National Pharmaceutical Group Co., Ltd., the company is subject to these regulations. E&Y had not yet commenced audit work for the financial year ending December 31, 2025, and the Board confirmed that this change would not significantly impact the annual audit and results release. The company is actively seeking a suitable replacement and will announce the new auditor when appointed.\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. China Traditional Chinese Medicine Holdings Co. Limited published the original content used to generate this news brief on May 29, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"executive,event","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}