Sinovac Biotech Ltd. (SVA) announced an update on the Antigua High Court's interlocutory order regarding the Company's board composition and corporate actions pending trial. The Company also confirmed the appointment of Zhonghua Certified Public Accountants LLP, an affiliate of UHY International, as its independent auditor and registered public accounting firm.
The Court's updated order provides that directors Simon Anderson, Shan Fu, Shuge Jiao, Chiang Li, Yuk Lam Lo, Yumin Qiu, Yu Wang, Andrew Y. Yan, and Weidong Yin will comprise the Board until the trial scheduled for late April/early May 2026. Ms. Rui-Ping Xiao has resigned from the Board due to personal reasons. Seven of the nine Board members are independent, and all members of the Audit, Compensation, and Nominating & Corporate Governance Committees are independent.
The Audit Committee has approved the engagement of Zhonghua as the Company's independent auditor effective December 31, 2025. Zhonghua, registered in the People's Republic of China and with the Public Company Accounting Oversight Board (PCAOB) in the United States, is a member of UHY International, one of the world's leading accounting networks. Its appointment supersedes that of UHY LLP, which is also part of the same global network.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.