KANZHUN LIMITED Updates the Status under Holding Foreign Companies Accountable Act
May 05 2022 - 6:05AM
KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ), a
leading online recruitment platform in China, today provides an
update on its status under the Holding Foreign Companies
Accountable Act (the “HFCAA”).
The Company was provisionally named by the
United States Securities and Exchange Commission (the “SEC”) as a
Commission-Identified Issuer on May 4, 2022, following the
Company’s filing of the annual report on Form 20-F for the fiscal
year ended December 31, 2021 with the SEC on April 28, 2022, U.S.
Eastern Time.
The Company understands that this identification
under the HFCAA and its implementation rules issued thereunder
indicates that the SEC determines that the Company used a
registered public accounting firm whose working paper cannot be
inspected or investigated completely by the Public Company
Accounting Oversight Board of the United States (the “PCAOB”) to
issue the audit opinion for its financial statements for the fiscal
year ended December 31, 2021.
In accordance with the HFCAA, the SEC shall
prohibit a company’s shares or American depositary shares (“ADSs”)
from being traded on a national stock exchange or in the
over-the-counter trading market in the United States if the company
has been identified by the SEC for three consecutive years due to
PCAOB’s inability to inspect the auditor’s working paper.
The Company has been and will continue to
actively explore possible solutions to protect the interest of its
stakeholders. The Company will continue to comply with applicable
laws and regulations in both China and the United States, and
strive to maintain its listing status on the Nasdaq Stock
Market.
About KANZHUN LIMITED
KANZHUN LIMITED operates the leading online
recruitment platform BOSS Zhipin in China. Established eight years
ago, the Company connects job seekers and enterprise users in an
efficient and seamless manner through its highly interactive mobile
app, a transformative product that promotes two-way communication,
focuses on intelligent recommendations, and creates new scenarios
in the online recruiting process. Benefiting from its large and
diverse user base, BOSS Zhipin has developed powerful network
effects to deliver higher recruitment efficiency and drive rapid
expansion. For more information, please visit
https://ir.zhipin.com.
Safe Harbor Statement
This press release contains statements that may
constitute “forward-looking” statements which are made pursuant to
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,” “aims,” “future,” “intends,” “plans,” “believes,”
“estimates,” “likely to,” and similar statements. Statements that
are not historical facts, including statements about the Company’s
beliefs, plans, and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. Further information regarding these and other risks
is included in the Company’s filings with the SEC. All information
provided in this press release is as of the date of this press
release, and the Company does not undertake any obligation to
update any forward-looking statement, except as required under
applicable law.
For more information, please
contact:
KANZHUN LIMITEDInvestor RelationsEmail:
ir@kanzhun.com
THE PIACENTE GROUP, INC.Email:
kanzhun@tpg-ir.com
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