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Jupai Announces Appointment of New Auditor

Jupai, a leading third-party wealth management service provider in China, has announced the appointment of B F Borgers as the Company's independent registered public accounting firm.

The change of the Company's independent registered public accounting firm has been approved by both the audit committee and the board of directors of Jupai, according to a press release by the firm.

The firm, who previously utilised the services of Deloitte, a multinational professional services network, has stated that the change in auditors was not the result of any disagreement on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.

Jupai focuses on distributing wealth management products and providing quality product advisory services to high-net-worth individuals in China, according to the press release. Jupai’s personalised client service and broad range of third-party and self-developed products have allowed it to maintain extensive and targeted coverage of China's high-net-worth population.