Canaan Announces Appointment of KPMG in Singapore as Independent Auditor
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SINGAPORE, Oct. 19, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN ) ("Canaan" or the "Company"), an innovator in compute and energy infrastructure, today announced that, effective October 19, 2026, the Company engaged KPMG LLP ("KPMG in Singapore") as the independent auditor of the Company, to replace KPMG Huazhen LLP ("KPMG Huazhen"). The change of the Company's independent auditor was made following a careful evaluation process and was approved by the Audit Committee and the Board of Directors of the Company. KPMG in Singapore has been engaged to audit and report on the consolidated financial statements of the Company for the year ending December 31, 2026. "As Canaan continues to advance our energy-plus-compute strategy, expand our global operations, and build out our power infrastructure presence in North America, our business is becoming increasingly international and diversified," said Nangeng Zhang, chairman and chief executive officer of Canaan. "We believe this transition to KPMG in Singapore reflects the continued evolution of our business and organizational footprint. We would like to express our sincere appreciation to KPMG Huazhen for their professional service over the past several years. As we enter the next phase of our development, we remain committed to maintaining high standards of corporate governance, financial transparency, and regulatory compliance...
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