Canaan Appoints KPMG in Singapore as New Independent Auditor
Canaan Inc. (NASDAQ: CAN) has appointed KPMG LLP in Singapore as its new independent auditor, effective October 19, 2026. The decision follows a thorough evaluation and was approved by the Audit Committee and Board of Directors. This change replaces KPMG Huazhen LLP, which had previously served as Canaan's auditor without any adverse or qualified audit opinions in recent years. Canaan’s CEO, Nangeng Zhang, stated that this transition aligns with the company’s global expansion strategy and reflects its evolving business operations. The new auditor will be responsible for auditing the consolidated financial statements for the year ending December 31, 2026. There were no disagreements or reportable events between Canaan and KPMG Huazhen during their engagement period. Canaan is a technology company specializing in ASIC high-performance computing chips and related services. The firm went public on Nasdaq in 2019.
Tickers: $CAN
Topics: Audit Committee Canaan Inc. KPMG Regulatory Compliance
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