AIA Group proposes KPMG as new external auditor

AIA Group Limited (HKEX:1299) has announced its board's recommendation to appoint KPMG as the external auditor for the company and its subsidiaries for the year ending December 31, 2026, subject to shareholder approval at the next annual general meeting. This decision follows a thorough and competitive external auditor tender process overseen by the Audit Committee. While not subject to mandatory auditor rotation, AIA initiated the audit tender in August 2024, reinforcing its commitment to robust corporate governance and transparent financial disclosures. PricewaterhouseCoopers (PwC), the current auditor, will continue in its role for the year ending December 31, 2025. The company has also repurchased 8,180,000 shares on the Exchange at prices ranging from HKD63.15 to HKD64.95 per share on May 28, 2025 for a total of HKD521,317,101.46. A total of 9,998,400 shares have been repurchased under the current mandate, which allows for a total of 1,069,508,640 shares to be repurchased and has moratorium until June 27, 2025.