LONDON--(BUSINESS WIRE)--
China Nonferrous Gold Limited 中国有色黄金有限公司
(“CNG” or the “Company”)
Extension of Auditor appointment
China Nonferrous Gold Limited 中国有色黄金有限公司 (AIM: CNG), the mineral exploration and mining company currently mining the Pakrut gold project in the Republic of Tajikistan, is pleased to announce that PKF Littlejohn LLP will continue to be the auditor of CNG for the Company accounts for the twelve months ended 31 December 2020.
Extension of Audit Engagement Partner with PKF Littlejohn LLP
The FRC Revised Ethical Standard 2019 states that in circumstances where the audit committee (or equivalent) of the audited entity decide that a degree of flexibility over the timing of rotation is necessary to safeguard the quality of the audit and the audit firm agrees, the audit engagement partner may continue in this position for an additional period of up to two years, so that no longer than seven years in total is spent in the position of audit engagement partner.
The knowledge held by the Responsible Individual (“RI”) of the historic commercial and accounting issues that have been faced by the company, and the required approach to ensure key balances and transactions are presented appropriately, is invaluable to the understanding and implementation of this audit.
Therefore, it has been approved by the audit committee of CNG that whilst the RI has been in place for five years, it is in the best interests of the Company if the current RI extends their position for one more year.
For further information please visit the Company’s website (www.cnfgold.com) or contact:
China Nonferrous Gold Limited
Zhang Hui, Managing Director
Tel: +86 10 8442 6662
WH Ireland Limited (NOMAD & Broker)
Katy Mitchell, James Sinclair-Ford
Tel: +44 (0)207 220 1666
Blytheweigh (PR)
Tim Blythe
Tel: +44 (0)20 7138 3224
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014