Announcement on the alignment in preparation of financial reports in accordance with the China accounting standards for business enterprises
Filed with HKEX · Stock code 6745 · · 3 pages · English
Summary by 6ix AI
Befar Group Co., Ltd. has announced its decision to adopt the China Accounting Standards for Business Enterprises for its financial reporting, effective from the upcoming financial year. This change aims to enhance consistency in financial reporting and reduce compliance costs, as the company's operations are primarily based in the PRC. The company will discontinue the separate engagement of overseas auditors and will continue with KPMG Huazhen as its sole auditor. The audit committee supports this transition, believing it will improve the efficiency of information disclosure without adversely affecting financial report accuracy.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
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