QKL Stores Inc. Retains Existing Audit Team

QKL Stores Inc.

today filed a Form 8-K announcing that it will continue its relationship with its existing audit team by engaging BDO China Shu Lun Pan Certified Public Accountants LLP. As detailed in the Form 8-K filed with the U.S. Securities and Exchange Commission dated July 13, 2011, on June 30, 2011 the Company was notified that the personnel of Division Four of BDO China Li Xin Da Hua CPA Co., Ltd ("BDO Li Xin Da Hua") in Shenzhen, Guangdong will be joining BDO China Shu Lun Pan, another BDO International Member Firm headquartered in Shanghai, effective June 30, 2011. Accordingly, in order to retain its existing audit team and minimize disruption, the Company's Audit Committee has dismissed BDO Li Xin Da Hua and engaged BDO China Shu Lun Pan as its independent registered public accounting firm effective July 8, 2011.