BEIJING, Sept. 15, 2021 /PRNewswire/ -- TuanChe Limited
("TuanChe," "Company," "we" or "our") (NASDAQ: TC), a leading
omni-channel automotive marketplace in China, today
announced the Audit Committee and the Board of Directors of
the Company dismissed PricewaterhouseCoopers Zhong Tian LLP ("PwC")
as its independent registered public accounting firm on
September 13, 2021.
In connection with the change of auditor, the
Company provides that:
1. the report of PwC on the financial statements of the Company
for the years ended December 31, 2020
and 2019 did not contain any adverse opinion or disclaimer of
opinion and was not qualified or modified as to uncertainty, audit
scope, or accounting principles; and
2. during the fiscal years ended December 31, 2020 and 2019
and the subsequent interim period through September 13, 2021 , there were no
(i) disagreements, as defined in Item 16F(a)(1)(iv) of Form
20-F with PwC on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure,
which disagreements, if not resolved to the satisfaction of PwC,
would have caused PwC to make reference to the subject matter of
the disagreements in connection with its report, or
(ii) reportable events as defined in Item
16F(a)(1)(v)(A)-(D) of Form 20-F except for the
material weaknesses related to the Company's internal control over
financial reporting, including (i) lack of sufficient financial
reporting and accounting personnel, especially those with U.S. GAAP
knowledge, and (ii) lack of formal financial closing policies
and effective control over periodic financial closing procedures
which resulted into management's late adjustments at period
ends.
On September 13, 2021, the Board
of Directors approved the engagement of Marcum Bernstein & Pinchuk LLP ("MBP") as
the Company's new independent registered public accounting firm for
fiscal year ending December 31, 2021,
effective immediately. During the Company's two most recent fiscal
years ended December 31, 2020 and
2019, and during the subsequent interim period through September 13, 2021, neither the Company nor
anyone on its behalf has consulted with MBP regarding any of the
matters described in Item 16F(a)(2)(i) and (ii) of Form 20-F. MBP
is aware of the material weaknesses described above and understands
it is a reportable event.
The dismissal of PwC and the appointment of MBP have been
approved by the Audit Committee and the Board of Directors of the
Company on September 13, 2021.
About TuanChe
Founded in 2010, TuanChe Limited (NASDAQ: TC) is a leading
omni-channel automotive marketplace in China. TuanChe offers services to connect
automotive consumers with various industry players such as
automakers, dealers and other automotive service providers. TuanChe
provides automotive marketing and transaction related services by
integrating its online platforms with offline sales events. Through
its integrated marketing solutions, TuanChe turns individual and
isolated automobile purchase transactions into large-scale
collective purchase activities by creating an interactive
many-to-many environment. TuanChe also provides virtual dealership
services by connecting automakers and franchised dealerships with
secondary dealers, which ultimately helps automakers penetrate and
expand into lower-tier cities. Furthermore, leveraging its
proprietary data analytics and advanced digital marketing system,
TuanChe's online marketing service platform helps industry
customers increase the efficiency and effectiveness of their
advertising placements. For more information, please
contact ir@tuanche.com.
For investor and media inquiries, please contact:
TuanChe Limited
Chenxi Yu
Tel: +86 (10) 6398-2942
Email: ir@tuanche.com
The Piacente Group, Inc.
Brandi Piacente
Tel: +1 (212) 481-2050
Email: tuanche@tpg-ir.com
Yang Song
Tel: +86 (10) 6508-0677
Email: tuanche@tpg-ir.com
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SOURCE TuanChe Limited