#China #Xiamen #Qudian Inc #Marcum Asia #BDO China

Qudian Inc. Appoints Marcum Asia as New Auditor

Qudian Inc., a prominent consumer-oriented technology firm, recently made headlines by announcing the appointment of Marcum Asia CPAs LLP as its new independent registered public accounting firm. This decision follows the company's previous engagement with BDO China Shu Lun Pan Certified Public Accountants LLP, which was initially appointed on September 6, 2024.

The decision to change auditors came after BDO expressed its limitations regarding internal resources, which raised concerns about their ability to meet the necessary audit timelines outlined by Qudian. Following discussions between both parties, the company opted to revoke BDO's appointment, a process accepted by BDO itself. Importantly, this revocation was not rooted in any disagreements over accounting practices or financial reporting issues.

In the quest for a new auditor, Qudian made a careful evaluation of additional candidates and ultimately selected Marcum Asia to take over auditing duties from Ernst Young Hua Ming LLP, which had served as the independent auditor prior to BDO. The Audit Committee of Qudian provided their approval for this crucial selection, emphasizing the importance of a smooth transition during a period marked by significant changes.

Throughout the most recent fiscal years, including the end of December 2023 and the interim segments leading up to January 31, 2025, the company and its affiliates engaged in no prior consultation with Marcum Asia concerning accounting principles or audit opinions that could influence the financial statements. Furthermore, there were no disagreements with Marcum Asia that would have impacted Qudian’s decision-making in relation to financial reporting or auditing issues.

Qudian Inc. continues to work closely with both Ernst Young and Marcum Asia, aiming to ensure that the audit transition proceeds seamlessly. As the company navigates these changes, it remains committed to its core mission of innovating financial solutions for consumers. Historically, Qudian has focused on providing credit solutions, and now it is also exploring innovative logistics services to enhance consumer experiences in e-commerce transactions, utilizing its advanced technology capabilities.

As part of its ongoing commitments, Qudian’s management stressed that despite the challenges experienced during this transition, the outlook remains positive. They plan to leverage their strong relationships and technological advancements to foster growth and stability in the financial services sector.

With the appointment of Marcum Asia, Qudian Inc. sets a forward-looking path that aligns with its business goals, aiming to enhance operational efficiency and maintain high standards in its financial reporting.

About Qudian Inc.

Qudian Inc. is positioned as a consumer-oriented technology company, focusing on innovative financing solutions and exploring logistics services to meet the evolving needs of consumers in the digital age. The company leverages technology to improve efficiency in e-commerce and aims to adapt to ever-changing market demands.

Although Qudian’s recent challenges with auditor transitions may raise questions, their proactive approach and commitment to transparency highlight their dedication to maintaining the trust of their stakeholders.

In conclusion, by appointing Marcum Asia CPAs LLP as their new auditor, Qudian Inc. not only reinforces its commitment to adhering to regulatory standards but also paves the way for enhanced operational capabilities and future growth.