CMBC Capital Holdings Ltd. announced a proposed change of auditor, with PricewaterhouseCoopers (PwC) set to retire at the conclusion of the upcoming annual general meeting $(AGM)$ on June 30, 2025. The company's board, following the recommendation of its audit committee, plans to propose the appointment of KPMG as the new auditor. This move aims to align audit work between the Group and its controlling shareholder, China Minsheng Bank, to enhance audit efficiency. The change is subject to shareholder approval at the 2025 AGM and the completion of KPMG's client acceptance procedures.
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