Kaixin Auto Holdings Announces Change in Certifying Accountant
UHY served as independent accountant for the Company's predecessor,
The Company has begun a search process to identify UHY's successor. The Company will disclose its engagement of a new independent public accounting firm once the process has been completed.
The reports of UHY on the Company's consolidated financial statements as of and for the years ended
In addition, for the years ended
Founded in 2015 as a venture into China's used car financing market by its corporate parent
Important Notice Regarding Forward-Looking Statements
This release may contain forward-looking statements within the meaning of the U.S. federal securities laws. These forward-looking statements generally can be identified by phrases such as that we or our members of management “believe,” “expect,” “anticipate,” “foresee,” “forecast,” “estimate” or other words or phrases of similar import. Specifically, these statements include, among other things, statements that describe our expectations for the growth of our business, expansion into new geographic markets, maintaining and expanding our relationship with key retail partners, the financial impact of new sales contracts on our revenue, our plan to make significant capital expenditure, and other statements of management’s beliefs, intentions or goals. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on our results of operations, financial condition, or the price of our ordinary shares. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those indicated in such forward-looking statements, including but not limited to our ability to penetrate and increase the acceptance of our product in new geographic markets; to perform our agreements with customers and further develop our relationships with key retail partners; our ability to recognize revenue from our contracts; continued competitive pressures in the marketplace; our reliance on a few customers for a substantial part of our revenue; our ability to implement our plans, forecasts and other expectations with respect to our business and realize additional opportunities for growth; and the other risks and important factors contained and identified in our filings with the
For more information, please visit: http://ir.kaixin.com
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Tel: +86 (10) 6508-0677
The Piacente Group, Inc.