Qingdao Rural Commercial Bank Corporation announced that on September 11, the bank held the second meeting of the 5th Board of Directors, and reviewed and approved the proposal on hiring the external auditing firm for Qingdao Rural Commercial Bank Limited Liability Company for the year 2024. The bank intends to hire Rui Xing Certified Public Accountants (Special General Partnership) (hereinafter referred to as 'Rui Xing') as the auditing firm for the year 2024, and agreed to submit the proposal to the shareholders' meeting for review. Moore Stephens LLP, the former accounting firm of the bank, has provided audit services to the bank for 8 consecutive years since the 2016 fiscal year. Qingdao Rural Commercial Bank stated that the reason for changing the accounting firm this time is in accordance with relevant regulations and the bank's audit service needs, and after conducting an open tender process and based on the evaluation result, Rui Xing was selected. The announcement shows that the total audit fee for Qingdao Rural Commercial Bank for the year 2024 is RMB 2.6 million (of which the internal control audit fee is RMB 0.4 million), a decrease of more than 20% compared to the previous year. In the year 2023, Rui Xing provided annual audit services to 671 listed companies, with audit fees of RMB 0.832 billion, and had 3 audit clients in the same industry.