BEIJING, Dec. 11, 2020 /PRNewswire/ -- Renren
Inc. (NYSE: RENN) ("Renren" or the "Company"), which operates
a premium used auto business in China through its
subsidiary Kaixin Auto Holdings (NASDAQ: KXIN) as well as
several U.S.-based SaaS businesses, today announced the appointment
of Marcum Bernstein & Pinchuk LLP ("MarcumBP") as its
independent registered public accounting firm,
effective December 9, 2020.
The appointment of MarcumBP was made after a careful and
thorough evaluation process and has been approved
by Renren's board and audit committee.
MarcumBP will replace KPMG Huazhen LLP ("KPMG")
as Renren's independent registered public accounting
firm. Renren's decision to change its auditor was not the
result of any disagreement
between Renren and KPMG on any matter of
accounting principles or practices, financial statement disclosure,
or auditing scope or procedure.
About Renren Inc.
Renren Inc. (NYSE: RENN) operates a premium used auto
business in China through its subsidiary Kaixin Auto
Holdings (NASDAQ: KXIN) as well as several US-based SaaS
businesses. Renren's American depositary shares, each of
which currently represents forty-five (45) Class A ordinary shares,
trade on NYSE under the symbol "RENN".
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates" and similar
statements. Renren may also make written or oral
forward-looking statements in its filings with the U.S.
Securities and Exchange Commission (the "SEC"), in its annual
report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about Renren's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. Further
information regarding these and other risks is included in our
annual report on Form 20-F, the 6-K referred to above and other
documents filed with the SEC. All information provided in this
press release is as of the date of this press release,
and Renren does not undertake any obligation to update
any forward-looking statement, except as required under applicable
law.
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SOURCE Renren Inc.