BEIJING, March 7, 2022 /PRNewswire/ -- Puxin Limited
(NYSE: NEW) ("Puxin" or the "Company"), a private educational
services provider in China, today
announced that the Company appointed Marcum
Bernstein & Pinchuk LLP ("MBP") as the Company's
independent registered public accounting firm for its fiscal year
ended December 31, 2021. At the same
time, the Company and Deloitte Touche Tohmatsu Certified Public
Accountants LLP ("Deloitte") have mutually agreed to terminate
Deloitte's appointment as the Company's independent registered
public accounting firm, effective immediately. The Company's
decision to replace Deloitte with MBP was approved by the Audit
Committee of the Company.
Deloitte was previously the independent registered public
accounting firm for the Company. During the periods that Deloitte
was engaged as the Company's independent registered public
accounting firm, there have been (i) no disagreements (as defined
in Item 16F(a)(1)(iv) of Form 20-F and the related instructions
thereto) 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
Deloitte to make reference to the subject matter of the
disagreements in connection with its reports, and (ii) no
reportable events (as defined in Item 16F(a)(1)(v) of Form
20-F). The audit reports of Deloitte on the Company's consolidated
financial statements for the years ended December 31, 2019 and December 31, 2020 did not contain an adverse
opinion or a disclaimer of opinion and were not qualified or
modified as to uncertainty, audit scope, or accounting
principles.
During the Company's two most recent fiscal years ended
December 31, 2020, and any subsequent
interim period prior to the engagement of MBP on March 7, 2022, neither the Company nor anyone
acting on its behalf 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 that MBP concluded was 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) of Form 20-F. The Audit Committee and the Board of
Directors of the Company would like to express their sincere
gratitude to Deloitte for its high quality services rendered to the
Company over the past years.
About Puxin Limited
Puxin Limited (NYSE: NEW) ("Puxin" or the "Company") is a
private educational services provider in China. Puxin has a strong acquisition and
integration expertise to effectively improve operational
performance of acquired businesses. Puxin offers quality
educational services to students, and has developed online and
mobile applications to enhance students' learning experience. For
more information, please visit http://www.pxjy.com/.
Contacts
Puxin Limited
Investor Relations
Phone: +86-10-6269-8930
E-mail: ir@pxjy.com
ICA Investor Relations (Asia) Limited
Mr. Kevin Yang
Phone: +86-21-8028-6033
E-mail: puxin@icaasia.com
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SOURCE Puxin Limited
