News detail

Tender Notice 2024-06-17

Beijing Enterprises Holdings Limited will uniformly arrange to invite qualified potential bidders to participate in the bidding for the financial statements audit projects of Beijing Enterprises Holdings Limited (BEHL), Beijing Enterprises Water Group Limited (BEWG), Beijing Enterprises Urban Resources Group Limited (BEURG), and Beijing Enterprises Environment Group Limited (BEEGL) (hereinafter referred to as “Beijing Enterprises Holdings Limited Annual Financial Statements Audit Project”).
 
1.Project Name: Beijing Enterprises Holdings Limited Annual Financial Statements Audit Project
2.Source of Funds: Self-raised
3.Project Overview
 
Content of this Procurement:
The tenderer intends to employ an accounting firm to audit the annual financial statements of BEHL for the fiscal years 2024-2031, in accordance with the requirements for listed companies in Hong Kong. Subject to resolutions of shareholders’ meeting, the service term for this tender adopts a 5+3 year service period model: in principle, the service period is 8 fiscal years (2024-2031), but after the completion of the 2028 audit in 5 years, both parties have the right to propose to terminate the service. If neither party proposes to terminate, the service term will continue until the end of the 2031 fiscal year. The specific content is as follows:

  • Provide auditing service for BEHL in accordance with Hong Kong Financial Reporting Standards, on the consolidated and company (including all overseas registered companies) statements of financial position as of December 31, 2024-2031, the consolidated and company (including all overseas registered companies) statements of profit or loss, statements of changes in equity, and statements of cash flows for the years 2024-2031, as well as the notes to the financial statements, and issue audit reports;
  • Provide auditing service for BEWG, an associate of BEHL, in accordance with Hong Kong Financial Reporting Standards, on the consolidated and company (including all overseas registered companies) statements of financial position as of December 31, 2024-2031, the consolidated and company (including all overseas registered companies) statements of profit or loss, statements of changes in equity, and statements of cash flows for the years 2024-2031, as well as the notes to the financial statements, and issue audit reports;
  • Provide auditing service for BEEGL, a subsidiary of BEHL, in accordance with Hong Kong Financial Reporting Standards, on the consolidated and company (including all overseas registered companies) statements of financial position as of December 31, 2024-2031, the consolidated and company (including all overseas registered companies) statements of profit or loss, statements of changes in equity, and statements of cash flows for the years 2024-2031, as well as the notes to the financial statements, and issue audit reports;
  • Provide auditing service for BEURG, a subsidiary of BEWG, in accordance with Hong Kong Financial Reporting Standards, on the consolidated and company (including all overseas registered companies) statements of financial position as of December 31, 2024-2031, the consolidated and company (including all overseas registered companies) statements of profit or loss, statements of changes in equity, and statements of cash flows for the years 2024-2031, as well as the notes to the financial statements, and issue audit reports;
  • Issue auditor’s letters for continuous connected transactions;
  • Implement agreed-upon procedures for preliminary annual results announcements;
  • Review other information included in the annual reports; Provide constructive financial-related guidance,consultation, and other value-added services to the tenderer on new systems, new standards, new businesses, and complex or non-routine matters, without violating audit independence.

4. Qualified Bidders
After receiving the invitation to bid, the invited accounting firms must confirm whetherthey meet the following qualified auditor conditions and submit proof documents when bidding:
1) Accounting firm that is established according to Hong Kong law and holds a valid business registration certificate (shall provide: photocopy of the business registration certificate). The bidder holds a valid practice certificate (registration certificate) issued by the Hong Kong Accounting and Financial Reporting Council (AFRC);
2) Registered public interest entity auditors registered with AFRC;
3) From January 1, 2021, to December 31, 2023, records of being given punishment or warning by regulatory agencies (including AFRC or the Disciplinary Committee of the Hong Kong Institute of Certified Public Accountants) due to audit quality issues shall be no more than 3 times (inclusive) . If the same inspection matter leads to administrative penalties for the head office, branch offices, and related personnel, it will be counted as one time;
4) From January 1, 2021, to December 31, 2023 (based on the date of issuance of the audit report), the bidder has issued annual audit reports for at least 10 different companies listed in Hong Kong with a total market value of HKD 5 billion or more. Audit reports for the same listed company in different years are calculated as audit service for one company. Audit service provided by accounting firms within the same bidder’s global network can be calculated together. The total market value referred to is calculated based on the total market value of relevant companies in global capital markets as of December 31, 2023;
5) From January 1, 2021, to December 31, 2023, the bidder has experience in serving as an auditor for Chinese red-chip listed companies. Chinese red-chip stock refers to stock with a mainland China concept, where the company is registered outside of China and listed in Hong Kong. Chinese red-chip stocks are based on the Hang Seng Hong Kong China Enterprises Index data.
5.Submission of Tender Documents
1) The deadline for submission of bid documents (bid deadline) is 10 am on July 2nd, 2024, and the designated delivery address is 66th floor, Central Plaza, 18 Harbour Road, Wan Chai, Hong Kong.
2) Please submit the bid documents to the designated delivery address before the bid deadline; bid documents that are delivered late or not delivered to the designated delivery address will not be accepted by the tenderer.
6.Pre-bid Meeting and Site Visit
No pre-bid meetings or site visits will be organized.
7.Media for the Announcement
The tender notice is published on the official website of Beijing Enterprises Holdings Limited (www.behl.com.hk), the official website of Beijing Enterprises Water Group Limited (www.bewg.net), the official website of Beijing Enterprises Urban Resources Group Limited (www.beur.net.cn), and the official website of Beijing Enterprises Environment Group Limited (www.beegl.com.hk).
 
Tenderer: BEIJING ENTERPRISES HOLDINGS LIMITED
Address: 66/F, Central Plaza, 18 Harbour Road, Wan Chai, Hong Kong.
Contact: Dong Nan    Zhu TingTing
Phone Number : 21056386   21056340
Email: dongnan@behl.net.cn   zhutingting@behl.com.hk

 

Annex,Tender Notice

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