Great Wall Motors plans to renew its appointment of Deloitte Huayong as the audit firm for the 2026 fiscal year.

Zhongfang Network Data Great Wall Motor Company Limited recently announced that it intends to reappoint Deloitte Huayong as the company’s audit firm for the fiscal year 2026. According to the announcement, the company’s eighth board of directors’ forty-eighth meeting has approved this proposal, agreeing to retain Deloitte Huayong to provide financial statement audits, reviews, and internal control audits for the year ending December 31, 2026. This matter still needs to be submitted for approval at the company’s 2025 annual shareholders’ meeting.

In terms of core decision-making, both the company’s audit committee and board of directors believe that Deloitte Huayong possesses the professional competence, investor protection capability, and independence necessary, and they agree to the reappointment. Key data shows that Deloitte Huayong’s audited business revenue for the year 2024 totaled RMB 3.893 billion, with revenue from securities business amounting to RMB 660 million, providing annual report audit services for 61 listed companies. The proposed upper limit for audit fees for this reappointment is RMB 4.5 million, which is an increase from the actual audit fees for 2025 (totaling RMB 2.7357 million), and the authorized amount covers services throughout the entire appointment period.

In terms of timing, the term of this reappointment will commence from the date of approval at the 2025 annual shareholders’ meeting until the date of the 2026 annual shareholders’ meeting. The impact scope involves the quality of the company’s financial reports and internal control audit work for the year 2026. Regarding the project team, the proposed project partner and signing CPA is Ms. Liu Yu, with quality reviewer Ms. Zheng Qun, and signing CPA is Ms. Fu Wenting. All of the above personnel possess the appropriate qualifications and have not been penalized in the past three years. Deloitte Huayong has purchased professional liability insurance, with a cumulative compensation limit exceeding RMB 200 million, providing the necessary investor protection capability.

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