Securities Code: 300741 Securities Abbreviation: Huabao Shares Announcement No.: 2026-007 Huabao Flavors & Fragrances Co., Ltd. Announcement on Proposed Re-appointment of Auditor
The Company and the entire Board of Directors guarantee that the information disclosed in this announcement does not contain any false or misleading statements or material omissions, and they shall bear individual and joint legal responsibility for the truthfulness, accuracy, and completeness of their contents.
Huabao Flavors & Fragrances Co., Ltd. (hereinafter referred to as the "Company") held the 24th meeting of the third Board of Directors on March 20, 2026, and approved the "Proposal on the Proposed Re-appointment of Auditor." It is proposed to re-appoint PwC Zhong Tian LLP (hereinafter referred to as "PwC Zhong Tian") as the Company's 2026 annual auditor. This matter still needs to be submitted for review by the Company's 2025 shareholders' meeting. The relevant matters are hereby announced as follows:
I. Basic Information of the Proposed Auditor
(I) Organizational Information
- Basic Information
PwC Zhong Tian was formerly known as Hua Da Certified Public Accountants, established on March 28, 1993. It was renamed PwC Accounting Firm Co., Ltd. in June 2000. Approved by the Ministry of Finance's Cai Han [2012] No. 52 on December 24, 2012, it was restructured into PwC Zhong Tian LLP on January 18, 2013. Its registered address is Unit 4501 and 4504, 45th Floor, No. 555 Haiyang West Road, China (Shanghai) Pilot Free Trade Zone, No. 588 Dongyu Road.
PwC Zhong Tian holds a practicing certificate for accounting firms and is qualified to audit H-share companies. In addition, PwC Zhong Tian is a member of the PwC global network and is also registered with the U.S. Public Company Accounting Oversight Board (PCAOB) to engage in related audit business.
The chief partner of PwC Zhong Tian is Li Dan. As of December 31, 2025, PwC Zhong Tian had 172 partners and over 940 certified public accountants, of whom over 200 have signed audit reports for securities services since 2013.
The total revenue of PwC Zhong Tian for the most recent audited fiscal year (2024) was RMB 6.319 billion, with audit service revenue of RMB 5.770 billion and securities service revenue of RMB 2.536 billion.
PwC Zhong Tian's 2024 revenue from auditing financial statements of A-share listed companies (including A-shares and B-shares) was 29 clients. The total audit fee for listed companies' financial statements was RMB 82.0881 million. The main industries include manufacturing, transportation, warehousing and postal services, wholesale and retail, and leasing and business services. There are 21 A-share listed companies in the same industry (manufacturing) as the Company.