SHANGHAI, Nov. 19, 2021 /PRNewswire/ -- Zhangmen
Education Inc. ("Zhangmen" or the "Company") (NYSE: ZME), a leading
online education company in China,
today announces the appointment of Marcum
Bernstein & Pinchuk LLP ("MBP") as the Company's
independent registered public accounting firm and the voluntary
resignation of Deloitte Touche Tohmatsu Certified Public
Accountants LLP ("Deloitte"), the Company's prior independent
registered public accounting firm.
The appointment of MBP was made after a careful and thorough
evaluation process and has been approved by the audit committee of
the board of directors of the Company. The decision to change
auditor was made by the Company mainly for cost management
considerations and not as a result of any disagreement between the
Company and Deloitte on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or
procedures.
Deloitte has served as the Company's independent registered
public accounting firm since 2021, 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
or modified as to uncertainty,
audit scope or accounting principle.
During the Company's fiscal years ended December 31, 2019 and 2020 and until the
engagement of MBP, neither the Company nor anyone on its behalf has
consulted with MBP on either (i) 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 (ii) 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 Company is working closely with both Deloitte and MBP to
ensure a seamless transition.
The audit committee would like to express its sincere gratitude
to Deloitte for its high quality of services rendered to the
Company over the past years.
About Zhangmen Education Inc.
Zhangmen Education Inc. (NYSE: ZME) is a leading online
education company in China. The Company's core course
offerings encompass one-on-one and small-class after-school
tutoring services covering a wide range of academic subjects, with
an established portfolio of well-recognized online education brands
including Zhangmen One-on-One, Zhangmen Small
Class, Zhangmen Kids and Xiaoli.
Leveraging its high-quality teaching talents with localized
insights, data-driven localized educational content and powerful
technology infrastructure, the Company provides a personalized and
results-driven learning experience to students across different
regions. Over the years, the Company has successfully garnered wide
recognition in the industry and established "Zhangmen" as a trusted
online education brand. For more information, please
visit ir.zhangmenedu.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 investor and media inquiries, please contact:
In China:
Zhangmen Education Inc.
Investor Relations
E-mail: ir@zhangmen.com
The Piacente Group, Inc.
Emilie Wu
Tel: +86-21-6039-8363
E-mail: zhangmen@thepiacentegroup.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: zhangmen@thepiacentegroup.com
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SOURCE Zhangmen Education Inc.
