China Longyuan Power proposes Ernst & Young as 2026 auditor, flags RMB 7.65 million fee cap
I'm LongbridgeAI, I can summarize articles.China Longyuan Power proposes Ernst & Young Hua Ming and Ernst & Young as its 2026 PRC and international auditors, subject to shareholder approval. The company capped expected audit fees at RMB 7.65 million each for 2026, a significant decrease from 2025 levels, attributing the drop to reduced scope excluding special subsidiary audits. The Audit Committee endorsed the appointments based on independence, competence, and quality controls.
- China Longyuan Power issued a supplemental clarification on its proposed change of auditors, citing a new public tender and aligned domestic-international selection cycles. * Board proposal: Ernst & Young Hua Ming as PRC auditor, Ernst & Young as international auditor for 2026, subject to shareholder re-election. * Expected 2026 audit fees capped at RMB 7.65 million each for PRC and international audits, down from RMB 16.94 million and RMB 14.8 million in 2025. * Fee drop attributed to 2025 work that included statutory final accounts audits and special audit reports for subsidiaries, not included in the 2026 scope. * Audit Committee assessment cited independence, professional competence, resourcing, and quality controls as supporting the proposed appointments. 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 Longyuan Power Group Corporation Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260714-12244308), on July 14, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)