According to data from Chongqing.com, Chongqing Rural Commercial Bank Co., Ltd. (Yunong Commercial Bank, 601077.SH) held a board meeting on March 25 and reviewed and approved the proposal to re-appoint the accounting firm. According to the announcement, the Bank intends to continue to hire KPMG Huazhen LLP (Special General Partnership) and KPMG LLP to be responsible for auditing and related services provided in accordance with Chinese and international auditing standards in 2026 respectively for a period of one year. This matter still needs to be submitted to the 2025 Annual General Meeting of Shareholders for review.
In terms of core decision-making, the audit service scope of this renewal includes annual financial statement audit, mid-term review, quarterly agreed procedures, internal control audit and verification of related party fund occupation, etc. Key data shows that the total estimated domestic and overseas audit and related service fees in 2026 will be RMB 5.655 million, the same as the previous year, of which internal control audit fees will be RMB 605,000.
Institutional information shows that KPMG Huazhen has corresponding professional qualifications and investor protection capabilities. In terms of the project team, the proposed project partner Xue Chenjun, the signing certified public accountant Wang Weishun and the project quality control reviewer Jin Naiwen have provided services to the bank since 2022; the certified public accountant Peng Chengchu who signed the international standards audit report has provided services to the bank since 2024. None of the above personnel has been subject to regulatory penalties in the past three years.
Previously, the Audit Committee of the Bank's Board of Directors had reviewed the renewal proposal and believed that KPMG had the necessary professional capabilities, independence and integrity, and agreed to submit it to the Board of Directors. This renewal is a routine arrangement made by the company within the framework of relevant regulations of the Ministry of Finance and Chongqing State-owned Assets Supervision and Administration Commission. It is designed to ensure the continuity and quality of financial reporting and internal control audit work, and will have no significant impact on the company's daily operations.
