Cheche Group Inc. Announces Change in Auditor Amid Internal Control Weaknesses

Reuters07-19
Cheche Group Inc. Announces Change in Auditor Amid Internal Control Weaknesses

Cheche Group Inc. announced a change in its independent registered public accounting firm, dismissing PricewaterhouseCoopers Zhong Tian LLP (PwC ZT) and appointing Marcum Asia CPAs LLP, effective July 18, 2025. This decision, approved by the company's board and audit committee, comes amid identified material weaknesses in the company's internal control over financial reporting. These weaknesses include a lack of accounting personnel with U.S. GAAP expertise and insufficient formal financial closing policies, leading to adjustments in financial statements for fiscal years 2023 and 2024. PwC ZT's reports did not contain adverse opinions, and Marcum Asia has been informed of these internal control issues.

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