ENTREPRENEUR UNIVERSE BRIGHT GROUP Announces Change of Auditor to Prager Metis CPAs, LLC

Rhea-AI Summary

Entrepreneur Universe Bright Group (EUBG) has announced a change in auditors, appointing Prager Metis CPAs, LLC as its new independent auditor effective September 7, 2022. The previous auditor, Centurion ZD CPA & Co., was dismissed on the same date. The reports from the former auditor for 2021 and 2020 were unmodified and did not contain any adverse opinions. EUBG focuses on providing digital marketing consulting services in China, primarily for start-ups, aiming to connect businesses with e-commerce platforms in the region.

Positive

• Appointment of Prager Metis CPAs, LLC could enhance auditing quality.
• Previous auditor's reports for 2020 and 2021 were unmodified, indicating financial stability.

Negative

• Change of auditors may signal potential underlying issues.
• -

XI'AN, China, Sept. 9, 2022 /PRNewswire/ -- ENTREPRENEUR UNIVERSE BRIGHT GROUP ("EUBG" or the "Company") (OTCBB: EUBG), a digital marketing consulting company, announced that it has changed its auditors from Centurion ZD CPA & Co. ("CZD" or "Former Auditor") to Prager Metis CPAs, LLC ("PragerMetis" or "Successor Auditor") effective September 7, 2022.

On September 7, 2022, Entrepreneur Universe Bright Group (the "Company") dismissed its independent accountant, Centurion ZD CPA & Co. ("CZD"), an audit firm headquartered in Hong Kong.

On September 7, 2022, the Board of Directors, of the Company announces that it has appointed Prager Metis CPAs, LLC ("PragerMetis") as the Company's independent auditor for the fiscal year end December 31, 2022.

The report of independent registered public accounting firm of CZD regarding the Company's financial statements for the fiscal years ended December 31, 2021 and 2020 did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles.

About ENTREPRENEUR UNIVERSE BRIGHT GROUP

ENTREPRENEUR UNIVERSE BRIGHT GROUP is a digital marketing consultation company with its main operation in China, providing marketing consulting services to Chinese start-up companies. The company provides consulting services, sourcing and marketing services in China through its PRC subsidiary with support from its HK subsidiary. Its PRC subsidiary provides services aimed at connecting businesses with e-commerce platforms.  The integrated service platform focuses on strategic marketing and consulting. The company's mission is to help start-up companies and small-size companies and guide these companies' founders in utilizing the company's digital marketing consulting plan to reach their business goals. For more information about the Company, please visit: http://www.eubggroup.com/. 

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements.  Specifically, the Company's statements regarding trading on the OTCBB market and closing the initial public offering are forward-looking statements.  Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:  the Company's goals and strategies; the Company's future business development; financial condition and results of operations; product and service demand and acceptance; reputation and brand; the impact of competition and pricing; changes in technology; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC.  For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

The Company:

Jianyong Li
Email: lijianyong@eubggroup.com
Phone: +86-(029) 86100263

Investor Relations:

Janice Wang 
EverGreen Consulting Inc.
Email: IR@changqingconsulting.com
Phone: +1-908-510-2351 (from U.S.)                                                                                                
+86 13811768559 (from China)

 

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SOURCE Entrepreneur Universe Bright Group

FAQ

What is the significance of EUBG's change of auditors on September 7, 2022?

EUBG appointed Prager Metis CPAs, LLC as the new auditor, which may improve audit quality but could also indicate prior issues.

Who was EUBG's previous auditor before the change?

Centurion ZD CPA & Co. was the previous auditor before EUBG appointed Prager Metis CPAs, LLC.

What were the financial audit results from the former auditor for EUBG?

The reports from Centurion ZD CPA & Co. for 2021 and 2020 were unmodified and did not contain any adverse opinions.