Core Points - Shanghai Industrial Holdings (00363.HK) announced the replacement of its auditor due to the mandatory rotation requirement after the audit service period reached its limit [3][7][9] - Deloitte Touche Tohmatsu has resigned as the company's auditor effective October 10, 2025, after the board's decision to appoint a successor auditor [3][7][19] - Ernst & Young has been appointed as the new auditor, effective until the conclusion of the next annual general meeting [9][21][22] Summary by Sections Auditor Resignation - The resignation of Deloitte was prompted by the expiration of the maximum term for audit services as mandated by Chinese regulations [3][7] - Deloitte confirmed that there were no disagreements with the company and no issues that needed to be brought to the attention of shareholders or creditors [7][19] - The company anticipates that the change in auditors will not significantly impact the audit of the consolidated financial statements for the fiscal year ending December 31, 2025 [19] Appointment of New Auditor - The board, upon the recommendation of the audit committee, has appointed Ernst & Young as the new auditor to fill the vacancy left by Deloitte [9][21] - The audit committee evaluated Ernst & Young based on several factors, including audit proposals, fees, experience with listed companies, and independence [21][22] - The board expressed confidence in Ernst & Young's qualifications and suitability for the role [22][23] Financial Information - For the fiscal year 2024, the company paid Deloitte an audit fee of HKD 20,994,000 (approximately RMB 19.24 million) [10] - The company also incurred additional non-audit service fees totaling HKD 4,909,000 (approximately RMB 4.45 million) for various services [11]