#Singapore #online education #Ernst & Young #51Talk

51Talk's New Chapter: Transitioning to Ernst & Young

In a significant move reflecting its growth and commitment to transparency, 51Talk Online Education Group (NYSE American: COE), a global leader in online English education, has announced a pivotal change in its auditing arrangement. As of September 3, 2025, the company has officially engaged Ernst & Young LLP as its new independent registered public accounting firm, replacing Marcum Asia CPAs LLP.

The decision was made during a recent board meeting, indicating a clear strategy for enhancing the company's financial oversight as it continues to expand in the competitive online education market. The departure of Marcum was amicable and not due to any disagreements, ensuring a smooth transition that emphasizes the company's focus on governance and accountability.

Reasons for Change

Having recognized the evolving landscape of financial compliance and the growing importance of meticulous accounting practices, the board of directors deemed it necessary to partner with a firm that is renowned for its rigorous standards and expertise in auditing. Ernst & Young will handle the audit of 51Talk’s annual consolidated financial statements, which are crucial for stakeholder confidence and compliance with the U.S. Securities and Exchange Commission (SEC) requirements.

This strategic engagement comes as 51Talk gears up for the fiscal year ending December 31, 2025. The board expressed gratitude for Marcum's contributions during their tenure, underscoring a commitment to maintain positive relationships within the industry while seeking to strengthen the company’s operating framework.

Commitment to Stakeholders

With this transition, 51Talk aims to reinforce its dedication to providing not only quality education but also financial stability and thorough oversight to its shareholders and students alike. The engagement of a reputable firm like Ernst & Young is expected to foster greater transparency and deliver a more robust reporting process, ultimately enhancing trust among its investors.

About 51Talk

Founded to make quality English education accessible worldwide, 51Talk connects students with highly qualified teachers through its innovative online and mobile platforms. Its unique shared economy approach allows for personalized learning experiences, driven by real-time feedback from both students and teachers, complemented by sophisticated data analytics.

The company remains poised for future growth as it strives to close the educational gap, particularly in English learning, appealing to a diverse audience that values flexibility and quality.

Looking Ahead

As 51Talk embarks on this new partnership with Ernst & Young, stakeholders can expect improved clarity in the company’s financial performance and stronger governance practices. This move aligns with its mission to remain at the forefront of online education while ensuring that all operations adhere to the highest standards of integrity and accountability.

Through these actions, 51Talk reaffirms its promise to enhance educational access and quality while paving the way for sustainable growth in an ever-changing market. The future looks bright for 51Talk as it continues to evolve and adapt, ensuring that quality education remains at the heart of its mission.