Jiayin Group Inc. Declares Change of Nasdaq Auditor: JFIN
SHANGHAI, China, March 8, 2021 (GLOBE NEWSWIRE) – Jiayin Group Inc. (“Jiayin” or the “Firm”) (NASDAQ: JFIN), a number one fintech platform in China, as we speak introduced the appointment of Marcum Bernstein & Pinchuk LLP (“MBP”) as an impartial registered public accounting agency of the Firm. The Audit Committee and the Board of Administrators (the “Board”) of the Firm have accredited the appointment of MBP.
Deloitte Touche Tohmatsu Licensed Public Accountants LLP (“Deloitte”) has been the Firm’s impartial registered public accounting agency since 2017, and Deloitte’s studies on the Firm’s consolidated monetary statements didn’t comprise any adversarial opinion or denial of opinion. and weren’t certified by the uncertainty, scope of the audit or accounting precept. Throughout your complete interval of service, there have been no disagreements between the Firm and Deloitte on issues of accounting ideas or practices, monetary assertion disclosure or audit scope or process, which, s’ they’d not been resolved to Deloitte’s satisfaction, would have prompted them to seek advice from the disagreements of their audit studies.
Throughout the years ended December 31, 2018 and 2019 and till the engagement of MBP, neither the Firm nor anybody on its behalf consulted MBP on (a) the applying of accounting ideas to a specified transaction, whether or not ‘it’s concluded or proposed. , or the kind of audit opinion that could be expressed on the monetary statements of the Firm, and neither a written report nor an oral opinion has been offered to the Firm by MBP, which MBP has concluded to be an element materials thought-about by the Firm in making a call accounting, auditing or monetary reporting subject, or (b) any matter which has been the topic of disagreement, as such time period is outlined in level 16F (a ) (1) (iv) of Kind 20-F (and associated directions)) or a reportable occasion as laid out in Part 16F (a) (1) (v) (A) to (D) of the shape 20-F.
The Board needs to precise its honest gratitude to Deloitte for its professionalism and the standard of the providers rendered to the corporate over the previous few years.
About Jiayin Group Inc.
Jiayin Group Inc. is a number one fintech platform in China dedicated to facilitating environment friendly, clear, safe and quick connections between traders and debtors, whose wants are underserved by conventional monetary establishments. The origin of the corporate’s actions dates again to 2011. The corporate operates a extremely safe and open platform with a complete danger administration system and a proprietary and environment friendly danger evaluation mannequin that employs superior large information analytics and complex algorithms to precisely assess the danger profiles of potential debtors.
Secure Harbor / Ahead-looking statements
This announcement incorporates forward-looking statements. These statements are made beneath the “secure harbor” provisions of the USA Non-public Securities Litigation Reform Act of 1995. These forward-looking statements could also be recognized by terminology resembling “shall”, “anticipate”, “anticipate”, “Future,” “intend”, “plan”, “imagine”, “estimate” and comparable statements. The Firm can also make written or oral forward-looking statements in its periodic studies to the SEC, in its annual report back to shareholders, in press releases and different written supplies, and in oral statements made by its officers, administrators or workers to people. third. Statements that aren’t historic details, together with statements in regards to the Firm’s beliefs and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties and are based mostly on present expectations, assumptions, estimates and projections for the corporate and the trade. Potential dangers and uncertainties embody, however are usually not restricted to, these associated to the power of the Firm to retain current traders and debtors and to draw new traders and debtors in an environment friendly and price efficient method, the power of the Firm to extend the amount of funding and the granting of loans. the amount of loans facilitated by its market, the effectiveness of the credit score scoring mannequin and the danger administration system of the corporate, the legal guidelines and rules of the PRC referring to the web private finance trade in China, the final financial situations in China and the corporate’s potential to fulfill the requirements mandatory to keep up the itemizing of its ADSs on the Nasdaq Inventory Market or different change, together with its potential to treatment any failure to fulfill steady itemizing standards from the Nasdaq Inventory Market. All info offered on this press launch is as of the date hereof, and the Firm assumes no obligation to replace any forward-looking statements to mirror subsequent occasions or circumstances, or modifications in its expectations, except the regulation requires it. Though the Firm believes that the expectations expressed in these forward-looking statements are cheap, it can’t guarantee you that its expectations will show to be right, and traders are cautioned that precise outcomes might differ materially from anticipated outcomes. Additional info relating to the dangers and uncertainties going through the Firm is included within the paperwork filed by the Firm with the USA Securities and Alternate Fee, together with its annual report on Kind 20-F.
For extra info please contact:
Ms. Shelley Bai
E-mail: [email protected]
The Blueshirt group
Ms. Susie Wang
E-mail: [email protected]
Within the USA:
Ms. Julia Qian
E-mail: [email protected]