Greentown Management Holdings (09979) announced that Deloitte Guan Huang Chen Fang Certified Public Accountants (Deloitte) will expire and retire as the company's auditor at the end of the company's annual general meeting of shareholders expected to be held on June 13, 2024. The board of directors has decided not to renew Deloitte as the company's auditor based on the recommendations of the company's audit committee.
Furthermore, according to the company's articles of association and as recommended by the company's audit committee, the board of directors has decided to recommend the appointment of Ernst & Young (EY) as the company's independent auditor, effective from the end of the annual general meeting of shareholders until after the end of the company's next annual general meeting of shareholders, but only after the shareholders' approval by an ordinary resolution at the annual shareholders' meeting.