Summary by Futu AI
Aluminum Corporation of China ("Aluminum Corporation") announced on October 29, 2024, suggesting a change of auditors, which was approved at the 27th meeting of the eighth board of directors. The company proposed to engage Ernst & Young Hua Ming Certified Public Accountants and Ernst & Young Certified Public Accountants as the domestic and foreign auditors for the year 2024, with an audit fee of 16.05 million RMB. This decision was made due to the completion of the tenure of the former auditors PwC Zhong Tian Certified Public Accountants and PricewaterhouseCoopers LLP, considering the current business situation of the company and future audit service needs. After evaluation by the Board of Directors and the Audit Committee, it was deemed that Ernst & Young Hua Ming and Ernst & Young have the independence, suitability, and capability to effectively integrate audit resources, save costs, improve work efficiency, and align with the overall interests of the company and shareholders. The decision to change auditors still requires shareholder approval at the first extraordinary general meeting in 2024 to take effect officially.