EZGO Technologies Issues Response to Newly Released SEC Guidelines Under Holding Foreign Companies Accountable Act
EZGO Technologies Ltd. (Nasdaq: EZGO) has announced that its independent registered public accounting firm, Briggs & Veselka Co. LLP, is PCAOB-registered and located in Texas. This development addresses the SEC's new rules under the Holding Foreign Companies Accountable Act (HFCAA). EZGO believes it will not fall under HFCAA provisions, as its auditor is not in a foreign jurisdiction that PCAOB cannot inspect. The company focuses on manufacturing two- and three-wheeled electric vehicles in China, supported by an IoT product platform and E-bicycle brands.
- Independent auditor Briggs & Veselka Co. LLP is PCAOB-registered, ensuring compliance with SEC guidelines.
- EZGO believes it will not be subject to HFCAA provisions, reducing regulatory risks.
- None.
CHANGZHOU, China, Dec. 9, 2021 /PRNewswire/ -- EZGO Technologies Ltd. (Nasdaq: EZGO) ("EZGO" or "we", "our", or "the Company"), a manufacturer of two- and three-wheeled electric vehicles in China, today announced that its current independent registered public accounting firm Briggs & Veselka Co. LLP ("BV"), is licensed and located in the State of Texas and registered with the Public Company Accounting Oversight Board ("PCAOB").
BV is accessible for inspection or investigation by the PCAOB, as required by the newly finalized rules from the U.S. Securities and Exchange Commission (the "SEC") with regards to submission and disclosure requirements in the Holding Foreign Companies Accountable Act (HFCAA). https://www.sec.gov/news/press-release/2021-250. Therefore, EZGO does not believe that it will be subject to the provisions under the HFCAA that are applicable to issuers whose auditors are located in a foreign jurisdiction and that the PCAOB is unable to inspect or investigate.
About EZGO Technologies Ltd.
Leveraging an Internet of Things (IoT) product and service platform and three E-bicycle brands, "EZGO", "Dilang" and "Cenbird", EZGO has established a business model centered on the manufacturing and sale of two- and three-wheeled electric vehicles, complemented by the E-bicycle charging pile business. For additional information, please visit EZGO's website at www.ezgotech.com.cn. Investors can visit the "Investor Relations" section of EZGO's website at www.ezgotech.com.cn/Investor.
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. 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; product and service demand and acceptance; changes in technology; economic conditions; the growth of the short-distance transportation solutions market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve 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:
At the Company:
Shawn Wen
Email: ir@ez-go.com.cn
Phone: (+86) 13502829216
Investor Relations:
Carolyne Sohn
The Equity Group Inc.
Email: csohn@equityny.com
Phone: (415) 568-2255
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SOURCE EZGO Technologies Ltd.
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