China Finance Online Appoints New Auditor

China Finance Online, 11/03/12

Chinese online financial information provider China Finance Online (Nasdaq: JRJC) today announced that it has changed its independent registered public accounting firm from Deloitte Touche Tohmatsu CPA (DTT) to Grant Thornton China (GT), with immediate effect. The change was driven by fee considerations as part of the company's recent cost control measures, recommended by the company's audit committee, and approved by the company's Board of Directors on November 2, 2012.

China Finance Online reports that there has been no dispute between DTT and the company causing the end of the partnership.

The company does not believe that the change of auditor will affect the timely filing of its annual report on Form 20-F for the year ending December 31, 2012.

Keywords: financing Internet China Finance Online online financial information JRJC

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