BEIJING, Nov. 18, 2020 /PRNewswire/ -- RYB
Education, Inc. ("RYB" or the "Company") (NYSE: RYB), a
leading early childhood education service provider in China,
today announced that, effective as of Nov.18, 2020, the
Company engaged KPMG Huazhen LLP ("KPMG") as the
Company's independent registered public accounting firm, to
replace Deloitte Touche Tohmatsu Certified Public Accountants
LLP ("Deloitte"). The change of the Company's independent
registered public accounting firm was approved by the audit
committee of the board of directors of the Company.
KPMG is engaged to audit the consolidated financial
statements of the Company as of and for the year
ending December 31, 2020.
Deloitte has served as the Company's independent registered
public accounting firm since 2016, and the reports of
Deloitte on the Company's consolidated financial statements
have contained no adverse opinion or disclaimer of opinion and were
not qualified or modified as to uncertainty, audit scope or
accounting principle. During the entire service period, there have
been no disagreements between the Company and Deloitte on any
matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which disagreements if
not resolved to the satisfaction of Deloitte would have caused
them to make reference to the disagreements in their audit
reports.
About RYB Education, Inc.
Founded on the core values of "Care" and "Responsibility,"
"Inspire" and "Innovate," RYB Education, Inc. is a leading early
childhood education service provider in China. Since opening its first play-and-learn
center in 1998, the Company has grown and flourished with the
mission to provide high-quality, individualized and age-appropriate
care and education to nurture and inspire each child for his or her
betterment in life. During its two decades of operating history,
the Company has built "RYB" into a well-recognized education brand
and helped bring about many new educational practices in
China's early childhood education
industry. RYB's comprehensive early childhood education solutions
meet the needs of children from infancy to 6 years old through
structured courses at kindergartens and play-and-learn centers, as
well as at-home educational products and services.
For investor and media inquiries, please
contact:
In China:
RYB Education, Inc.
Investor Relations
E-mail: ir@rybbaby.com
The Piacente Group, Inc.
Yang Song
Tel: +86 (10) 6508-0677
E-mail: ryb@tpg-ir.com
In the United
States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: ryb@tpg-ir.com
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SOURCE RYB Education, Inc.