XIWANG PROPERTY HOLDINGS COMPANY LIMITED 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.
XIWANG PROPERTY HOLDINGS COMPANY LIMITED
西王置業控股有限公司 *
(Incorporated in Bermuda with limited liability)
(Stock Code: 2088)
CHANGE OF AUDITORSThe Board announces that EY resigned as auditors of the Group with effect from 12 July 2016. The Board has resolved to appoint HLB as the new auditors of the Group to fill the casual vacancy following the resignation of EY and to hold office until the conclusion of the next annual general meeting of the Company.
The board (the "Board") of directors (the "Directors") of Xiwang Property Holdings Company Limited (the "Company", together with its subsidiaries, the "Group") announces that as the Company and Ernst & Young ("EY") could not reach an agreement on the audit fee for the financial year ending 31 December 2016, EY resigned as the auditors of the Group with effect from 12 July 2016. EY has confirmed in writing that there were no other circumstances connected with their resignation which they consider should be brought to the attention of the shareholders of the Company.
Both the Board and the audit committee of the Company confirm that there is no disagreement between the Company and EY save for the audit fee for the financial year ending 31 December 2016 and there are no matters in respect of the change of auditors that need to be brought to the attention of the shareholders of the Company.
The Board further announces that, in accordance with the Bye-laws of the Company and with the recommendation from the audit committee of the Company (the "Audit Committee"), the Board has resolved to appoint HLB Hodgson Impey Cheng Limited ("HLB") as the new auditors of the Group to fill the casual vacancy following the resignation of EY and to hold office until the conclusion of the next annual general meeting of the Company.
The Board would like to take this opportunity to express its gratitude to EY for their contribution to the Group during past years of service.
By Order of the Board
Xiwang Property Holdings Company Limited Wang DiChairman
Hong Kong, 12 July 2016
As at the date of this announcement, the Board comprises the following Directors:
Executive Directors: Mr. WANG Jin Tao Mr. WANG Wei Min Mr. CHENG Gang
Non-executive Directors:
Mr. WANG Di
Mr. WANG Yong Mr. SUN Xinhu
Independent non-executive Directors:
Mr. WONG Kai Ming Mr. WANG An
Mr. WANG Zhen
* For identification purpose only
Xiwang Property Holdings Company Limited published this content on 12 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 July 2016 11:23:11 UTC.
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