Analyst Summary
- TCTM Kids IT Education Inc. replaced its independent registered public accounting firm with Guangdong Prouden CPAs GP, effective March 14, 2025.
- The decision to change accounting firms was made by the board of directors upon recommendation of the audit committee.
- Marcum Asia’s reports on the company’s financial statements for the past three years contained no adverse opinion or disclaimer of opinion.
- There were no disagreements between the Company and Marcum Asia on accounting principles, financial statement disclosure, or auditing scope or procedure.
- There were no reportable events as defined in Item 16F(a)(1)(v) of Form 20-F.
- The company did not consult with Prouden regarding accounting principles, audit opinions, or any matters that were the subject of a disagreement or reportable event prior to the appointment.