Jiayin Group Inc. Announces Change of Auditor
March 08 2021 - 6:00AM
Jiayin Group Inc. (“Jiayin” or the “Company”) (NASDAQ: JFIN), a
leading fintech platform in China, today announced the appointment
of Marcum Bernstein & Pinchuk LLP (“MBP”) as the Company’s
independent registered public accounting firm. The audit committee
and the board of directors (the “Board”) of the Company has
approved the appointment of MBP.
Deloitte Touche Tohmatsu Certified Public
Accountants LLP (“Deloitte”) has served as the Company’s
independent registered public accounting firm since 2017, and the
reports of Deloitte on the Company’s consolidated financial
statements have contained no adverse opinion or disclaimer of
opinion and were not qualified as to uncertainty, audit scope or
accounting principle. During the whole service period, there has
been no disagreements between the Company and Deloitte 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 Deloitte would have caused them
to make reference to the disagreements in their audit reports.
During the Company’s fiscal years ended December
31, 2018 and 2019 and until the engagement of MBP, neither the
Company nor anyone on its behalf has consulted with MBP on
either (a) the application of accounting principles to a specified
transaction, either completed or proposed, or the type of audit
opinion that might be rendered on the Company’s financial
statements, and neither a written report nor oral advice was
provided to the Company by MBP which MBP concluded as an important
factor considered by the Company in reaching a decision as to any
accounting, auditing or financial reporting issue, or (b) any
matter that was the subject of a disagreement, as that term is
defined in Item 16F(a)(1)(iv) of Form 20-F (and the related
instructions thereto) or a reportable event as set forth in Item
16F(a)(1)(v)(A) through (D) of Form 20-F.
The Board would like to express its sincere
gratitude to Deloitte for its professionalism and quality of
services rendered to the Company over the past years.
About Jiayin Group Inc.
Jiayin Group Inc. is a leading fintech platform
in China committed to facilitating effective, transparent, secure
and fast connections between investors and borrowers, whose needs
are underserved by traditional financial institutions. The origin
of the business of the Company can be traced back to 2011. The
Company operates a highly secure and open platform with a
comprehensive risk management system and a proprietary and
effective risk assessment model which employs advanced big data
analytics and sophisticated algorithms to accurately assess the
risk profiles of potential borrowers.
Safe Harbor / Forward-Looking
Statements
This announcement contains forward-looking
statements. These statements are made under the “safe harbor”
provisions of the United States 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. The Company may also make written or oral
forward-looking statements in its periodic reports to 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 the Company’s beliefs
and expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties and are based
on current expectations, assumptions, estimates and projections
about the Company and the industry. Potential risks and
uncertainties include, but are not limited to, those relating to
the Company’s ability to retain existing investors and borrowers
and attract new investors and borrowers in an effective and
cost-efficient way, the Company’s ability to increase the
investment volume and loan origination of loans volume facilitated
through its marketplace, effectiveness of the Company’s credit
assessment model and risk management system, PRC laws and
regulations relating to the online individual finance industry in
China, general economic conditions in China, and the Company’s
ability to meet the standards necessary to maintain listing of its
ADSs on the Nasdaq Stock Market or other stock exchange, including
its ability to cure any non-compliance with the continued listing
criteria of the Nasdaq Stock Market. All information provided in
this press release is as of the date hereof, and the Company
undertakes no obligation to update any forward-looking statements
to reflect subsequent occurring events or circumstances, or changes
in its expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that its expectations will turn out to be correct, and investors
are cautioned that actual results may differ materially from the
anticipated results. Further information regarding risks and
uncertainties faced by the Company is included in the Company’s
filings with the U.S. Securities and Exchange Commission, including
its annual report on Form 20-F.
For more information, please
contact:
In China:
Jiayin GroupMs. Shelley
BaiEmail: ir@jiayinfintech.cn
or
The Blueshirt GroupMs. Susie
WangEmail: susie@blueshirtgroup.com
In the U.S.:
Ms. Julia QianEmail:
julia@blueshirtgroup.com
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