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KPMGNew customer

Canaan Announces Appointment of KPMG in Singapore as Independent Auditor

What happened

KPMG in Singapore was engaged as the independent auditor of Canaan Inc. to audit its consolidated financial statements.

Source

Article excerpt

Highlighted: the sentence this signal was extracted from

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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Extracted by Autobound

From the Signal API record
Event
New customer

What this signalsA new customer often means more work to staff, deliver and support.

Takes effect
Oct 19, 2026
Location
Singapore, Singapore

Companies

  • Canaan Inc.Clientcanaan.io

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The full record

From the Signal API record

Extraction

Confidence
95%
Detected
Oct 19, 2026
signal_type
news
signal_subtype
signs_new_client

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The API returns more than this page shows

This page shows a preview. The full news record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/39582286-fe30-fc7c-f8ad-79d18a8f0c43 returns this record as JSON. POST /v1/companies/enrich returns every signal for kpmg.com.

{
  "signal_id": "39582286-fe30-fc7c-f8ad-79d18a8f0c43",
  "signal_type": "news",
  "signal_subtype": "signs_new_client",
  "detected_at": "2026-10-19T13:05:00+00:00",
  "company": {
    "name": "KPMG",
    "domain": "kpmg.com"
  },
  "data": {
    "url": "https://www.prnewswire.com/news-releases/canaan-announces-appointment-of-kpmg-in-singapore-as-independent-auditor-302912522.html",
    "title": "Canaan Announces Appointment of KPMG in Singapore as Independent Auditor",
    "excerpt": "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...",
    "summary": "KPMG in Singapore was engaged as the independent auditor of Canaan Inc. to audit its consolidated financial statements.",
    "location": "Singapore",
    "planning": false,
    "confidence": 0.95,
    "published_at": "2026-10-19T13:05:00Z",
    "location_data": [
      {
        "city": "Singapore",
        "region": "South-eastern Asia",
        "country": "Singapore",
        "continent": "Asia",
        "fuzzy_match": false
      }
    ],
    "effective_date": "2026-10-19",
    "article_sentence": "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\").",
    "related_company_name": "Canaan Inc.",
    "related_company_domain": "canaan.io"
  }
}

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