Changjiang Publishing proposes Tianjian as new auditor, eyes fee reduction

Changjiang Publishing & Media Co., Ltd. will hold its third extraordinary general meeting of shareholders on November 20, 2025, to deliberate on the appointment of Tianjian Certified Public Accountants (Special General Partnership) as its financial and internal control auditor for the 2025 fiscal year. This change follows the completion of the previous auditor's term and a public bidding process. The proposed engagement is for one year, with an estimated fee of CNY 1.72 million (including tax).

Tianjian, established on July 18, 2011, reported total business revenue of CNY 2.969 billion in 2024, with audit services accounting for CNY 2.563 billion. The firm maintains a professional risk fund and insurance totaling over CNY 200 million, indicating a robust investor protection capacity. The company's audit committee reviewed and the board of directors approved the proposal to appoint Tianjian.

The decision to change auditors is based on the expiry of the previous auditor's term and a comprehensive assessment of the company's operational development and audit service requirements. The proposed audit fee is lower than the previous period, decreasing by 18.87% from CNY 2.12 million. Both the former and proposed auditing firms have confirmed communication regarding this change, with no disagreements reported.