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Pan Asia Environmental Protection Group Ltd Proposes Change Of Auditor

Friday, 12 Apr 2013 07:07am EDT 

Pan Asia Environmental Protection Group Ltd announced that CCIF CPA Limited (CCIF), the Company‚Äôs auditor for the financial year ended December 31, 2012, will retire as auditor of the Company with effect from the conclusion of the forthcoming annual general meeting of the Company and will not offer themselves for re-appointment following the Merger (as defined below). CCIF merged with PCP CPA Limited to form Crowe Horwath (HK) CPA Limited which takes up the business of its two predecessor firms (the Merger). Crowe Horwath (HK) CPA Limited is a member firm in Hong Kong of Crowe Horwath International which is one of the top 10 global network of independent accounting and advisory service firms. The Board considers that it is in the interests of the Company and its shareholders (the Shareholders) as a whole if the auditor is able to continue to serve the Company under the more internationally renowned name of Crowe Horwath (HK) CPA Limited. Accordingly, following the retirement of CCIF, a resolution for the appointment of Crowe Horwath (HK) CPA Limited as new auditor of the Company to fill the vacancy arising from the retirement of CCIF will be proposed at the forthcoming annual general meeting. 

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