Air China Ld ANNOUNCEMENT PROPOSED CHANGE OF AUDITORS (6313D)
April 28 2017 - 1:01AM
UK Regulatory
TIDMAIRC
RNS Number : 6313D
Air China Ld
28 April 2017
Hong Kong Exchanges and Clearing Limited and The Stock Exchange
of Hong Kong Limited take no responsibility for the contents of
this announcement, make no representation as to its accuracy or
completeness and expressly disclaim any liability whatsoever for
any loss howsoever arising from or in reliance upon the whole or
any part of the contents of this announcement.
AIR CHINA LIMITED
(a joint stock limited company incorporated in the People's
Republic of China with limited liability)
(Stock Code: 00753)
ANNOUNCEMENT PROPOSED CHANGE OF AUDITORS
This announcement is made by Air China Limited (the "Company")
pursuant to Rule 13.51 (4) of the Rules Governing the Listing of
Securities on The Stock Exchange of Hong Kong Limited.
China National Aviation Holding Company, the controlling
shareholder of the Company, is a central state-owned enterprise
regulated by the State-owned Assets Supervision and Administration
Commission of the State Council of the People's Republic of China
(the "SASAC") . Pursuant to the relevant requirements issued by
SASAC and the Ministry of Finance of the People's Republic of
China, if the service term of an external accounting firm to
continuously undertake financial auditing work for a central
state-owned enterprise exceeds the prescribed time limit, the
enterprise should consider changing or per request change such
accounting firm.
In this connection, according to the above-mentioned
requirements and after due consideration, the board of directors of
the Company (the "Board") has resolved, with the recommendation
from the audit and risk management committee of the Board (the
"Audit and Risk Management Committee") , to appoint Deloitte Touche
Tohmatsu as the Company's international auditor and Deloitte Touche
Tohmatsu Certified Public Accountants LLP (Special General
Partnership) as the Company's domestic auditor and internal control
auditor for the year ending 31 December 2017 (the "Proposed
Appointment") and such Proposed Appointment is subject to the
approval of the shareholders of the Company (the "Shareholders") at
the general meeting of the Company. Upon approval at the general
meeting, KPMG and KPMG Huazhen (Special General Partnership) will
cease to be the auditors of the Company.
KPMG, the current international auditor of the Company, and KPMG
Huazhen (Special General Partnership) , the current domestic
auditor and internal control auditor of the Company, have been
providing audit services to the Company for four years and their
term of service will expire at the 2016 annual general meeting of
the Company. KPMG and KPMG Huazhen (Special General Partnership)
have confirmed in writing that there were no matters regarding the
proposed change of auditors of the Company that need to be brought
to the attention of the Shareholders and the Audit and Risk
Management Committee. The Board is not aware of any matter
regarding the proposed change of auditors that should be brought to
the attention of the Shareholders. The Board and the Audit and Risk
Management Committee confirmed that there were no disagreements or
unresolved matters between the Company and KPMG and KPMG Huazhen
(Special General Partnership) regarding the proposed change of
auditors.
The Board would like to take this opportunity to express its
sincere gratitude to KPMG and KPMG Huazhen (Special General
Partnership) for their professional services provided to the
Company for the past years.
By Order of the Board
Air China Limited
Rao Xinyu Tam Shuit Mui
Joint Company Secretaries
Beijing, the PRC, 27 April 2017
As at the date of this announcement, the directors of the
Company are Mr. Cai Jianjiang, Mr. Song Zhiyong, Mr. Cao Jianxiong,
Mr. Feng Gang, Mr. John Robert Slosar, Mr. Ian Sai Cheung Shiu, Mr.
Pan Xiaojiang*, Mr. Simon To Chi Keung*, Mr. Stanley Hui Hon-chung*
and Mr. Li Dajin*.
* Independent non-executive director of the Company
This information is provided by RNS
The company news service from the London Stock Exchange
END
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