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New Focus Auto Tech Holdings Ltd announces change of financial reporting standards and termination of appointment of auditors in Taiwan

Wednesday, 29 Jan 2014 04:21am EST 

New Focus Auto Tech Holdings Ltd:Says the company and its subsidiaries have adopted the International Financial Reporting Standards (IFRSs), changing from the Hong Kong Financial Reporting Standards (HKFRSs), in the preparation of financial statements to be presented in the annual report for the FY 2013.Says as the adoption of IFRSs renders the appointment of auditors in Taiwan by the company unnecessary.Says it has terminated the appointment of PwC Taiwan as its auditors in Taiwan with effect from the date of this announcement. 

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