Canaan Names New Auditor

Canaan Inc CAN appointed KPMG Huazhen LLP as its independent auditor, effective September 13, dismissing PricewaterhouseCoopers Zhong Tian LLP.
The reports of PwC on Canaan's consolidated financial statements as of and for the years ended December 31, 2020, and 2019 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principle.
Price Action: CAN shares traded higher by 4.38% at $9.05 in the premarket session on the last check Tuesday.