YXT.com Group Holding Limited Welcomes New Auditor Marcum Asia
YXT.com Group Holding Limited Welcomes New Auditor
YXT.com Group Holding Limited (NASDAQ: YXT) has made a significant announcement in the realm of corporate governance. The company, known for its pioneering contributions to the digital corporate learning sector in China, has appointed Marcum Asia CPAs LLP as its new independent registered public accounting firm. This transition took effect at the end of October 2024.
Transition from PwC to Marcum Asia
The decision to appoint Marcum Asia comes after careful evaluation and consideration. Previously, PricewaterhouseCoopers Zhong Tian LLP (PwC) held the role of independent auditor for the company. It's important to clarify that this shift was not due to any disagreements regarding accounting practices or financial disclosures between YXT.com and PwC. Instead, it reflects the company's commitment to ensuring the highest standards in its audit processes.
Reasons Behind the Change
The audit committee of YXT.com, along with the board of directors, meticulously evaluated the firm's auditing needs before making this decision. Marcum Asia CPAs LLP will now be responsible for auditing and reporting on the consolidated financial statements for the fiscal year ending December 31, 2024. YXT.com values the contributions made by PwC, whose audit reports for the previous two fiscal years contained no adverse opinions or qualifications, upholding the trust in their professional services.
YXT.com's Vision and Leadership in Digital Learning
As a trailblazer in the digital corporate learning industry, YXT.com has made substantial strides since its establishment in 2011. The company specializes in providing innovative Software as a Service (SaaS) platforms, learning content, and various services tailored to enhance corporate training. Over the years, YXT.com has garnered a reputation for excellence, successfully partnering with Fortune 500 companies to support their digital transformation journeys in learning and development.
Commitment to Quality Service
The company expresses gratitude towards the PwC team for their dedication and professionalism over the years. YXT.com is excited about the future and is dedicated to maintaining high standards of service and compliance in all aspects of its operations, further solidifying its role as a formidable player in the corporate learning space.
Future Prospects
Looking ahead, YXT.com seems poised for continued growth and innovation. The appointment of Marcum Asia signifies the company’s proactive approach to enhancing its governance and accountability measures. This new partnership is expected to fortify YXT.com's financial oversight while enabling it to focus on expanding its offerings in the competitive landscape of digital corporate education.
Contact Information
For any inquiries regarding this announcement or the company’s future plans, please contact:
Robin Yang
ICR, LLC
Email: YXT.IR@icrinc.com
Phone: +1 (646) 405-4883
Frequently Asked Questions
What prompted YXT.com to change auditors?
The change was based on a careful evaluation process, reflecting the company's commitment to ensuring high-quality audit services.
Who is the new auditor for YXT.com Group Holding Limited?
Marcum Asia CPAs LLP has been appointed as the new independent auditor for YXT.com.
What is the significance of this change for YXT.com?
This change underscores the company's focus on governance and accountability, facilitating its growth in the digital corporate learning industry.
Has YXT.com faced any issues with its previous auditor?
No, the transition from PwC was not due to any disagreements regarding accounting practices or issues in financial disclosures.
What services does YXT.com provide?
YXT.com specializes in digital corporate learning solutions, including SaaS platforms and tailored learning content for organizations.
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