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CHINA DEVELOPMENT BANK INTERNATIONAL INVESTMENT LIMITED 國開國際投資有限公司(Incorporated in the Cayman Islands with limited liability)
The Board announces that Deloitte has resigned as the auditor of the Company with effect from 6 October 2016. The Board has appointed PwC as the auditor of the Company to fill the casual vacancy following the resignation of Deloitte and to hold office until the conclusion of the next annual general meeting of the Company. The Board is of the view that it would be in the best interest of the Company and its shareholders as a whole for the Company to appoint an auditor under the same international network as CDB Group to align the audit work and enhance the efficiency of the audit services.
This announcement is made by the board of directors (the "Board" or "Directors") of China Development Bank International Investment Limited (the "Company") pursuant to Rule 13.51(4) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
The Board announces that Deloitte Touche Tohmatsu ("Deloitte") has resigned as the auditor of the Company with effect from 6 October 2016. The Board, with recommendation from the Company's audit committee, has appointed PricewaterhouseCoopers ("PwC") as the auditor of the Company with effect from 6 October 2016 to fill the casual vacancy following the resignation of Deloitte and to hold office until the conclusion of the next annual general meeting of the Company.
PricewaterhouseCoopers Zhong Tian LLP is the existing auditor of China Development Bank Corporation, the ultimate parent company of the Company (together with its subsidiaries, "CDB Group"). The Board is of the view that it would be in the best interest of the Company and its shareholders as a whole for the Company to appoint an auditor under the same international network as CDB Group to align the audit work and enhance the efficiency of the audit services.
The Company has received a confirmation letter from Deloitte that there are no matters that need to be brought to the attention of the shareholders of the Company. The Board also confirms that there are no other matters in respect of the change of auditor which should be brought to the attention of the shareholders of the Company.
The Board would like to express its sincere gratitude to Deloitte for the services they provided to the Company in previous years.
By Order of the Board
China Development Bank International Investment Limited BAI ZheChairman
Hong Kong, 6 October 2016
As at the date of this announcement, the Board is comprised of Mr BAI Zhe, Mr LIU Xiao Guang, Mr YUAN Chun and Mr ZHANG Jielong as Executive Directors; and Mr WANG Xiangfei, Mr SIN Yui Man and Mr FAN Ren Da, Anthony as Independent Non-executive Directors.