HK Bourse: Announcement From Great China Holdings Ltd. On Change Of Auditors

 
    Following is the related link: 
http://www.hkexnews.hk/listedco/listconews/sehk/2016/0810/LTN20160810641.pdf 
 
 
                       PROPOSED CHANGE OF AUDITORS 
This announcement is made by the board (the "Board") of directors (the "Directors") of Great 
China Holdings 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. 
 
The Board announces that BDO Limited ("BDO") has resigned as the auditors of the 
Company with effect from 10 August 2016. 
 
For the purposes of maintaining good corporate governance, the Board considers that a 
rotation of auditors will help to enhance the independence of the auditors and it is an 
appropriate time to change the auditors of the Company as BDO had been the auditors of the 
Company for a period of time. 
 
BDO has confirmed that there were no circumstances connected with its resignation which 
should be brought to the attention of the shareholders of the Company. The Board is not 
aware of any other matters in relation to the change of auditors that need to be brought to the 
attention of the shareholders of the Company. 
 
The Board further announces that the Board proposes to appoint KPMG as the new auditors 
of the Company, subject to the approval of the shareholders of the Company at the 
forthcoming extraordinary general meeting of the Company, to fill the casual vacancy 
following the resignation of BDO and to hold office until the conclusion of the next annual 
general meeting of the Company. The Company took into account that KPMG is a sizeable 
and experienced accounting firm which is able to cope with the Company's future 
development. 
 
The Board would like to take this opportunity to express its sincere gratitude to BDO for its 
professional services and support in the past years. 
 
 
 
 
 Stock Market Quotes, Business News, Financial News from http://commodity-market-news.com