On June 5th, Bank of Hangzhou announced that the board of directors has unanimously passed a proposal to cancel the extension of PwC as the auditor for the year 2024. On the same day, three other listed companies, China Merchants Shekou Industrial Zone Holdings, China Merchants Energy Shipping and Cosmo Lady, also announced the cancellation of their partnerships with PwC. It is worth noting that Bank of Hangzhou is the second listed bank to terminate its relationship with PwC, with China Merchants Bank being the first. In addition, many financial giants, including The People's Insurance, China Taiping and China Cinda, have terminated their contracts with PwC. According to incomplete statistics, over 20 A-share or H-share listed companies have terminated their partnerships with PwC since the beginning of this year. (Jiemian)
普华永道又“丢单”，4家上市公司同日取消续聘
PwC has 'lost another deal', with four listed companies canceling contract renewals on the same day.
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