Seven Stars Cloud Announces BF Borgers CPA PC as New Independent Auditor

NEW YORK, Feb. 23, 2018 /PRNewswire/ -- Seven Stars Cloud Group, Inc. (NASDAQ: SSC) ("SSC" or "Seven Stars Cloud" or the "Company"), announced today a change to the Company's independent registered public accounting firm. 

BF Borgers CPA PC ("BF Borgers") will succeed Grant Thornton, China, member firm of Grant Thornton International ("Grant Thornton"), as the Company's independent public accounting firm and BF Borgers will review the Company's financial statements for the quarter and year ending December 31, 2017 and beyond.  The replacement of Grant Thornton was approved by the Audit Committee of the Board of Directors of the Company.

The decision to change auditors was not the result of any disagreement between the Company and Grant Thornton on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures.  SSC would like to take this opportunity to express its sincere gratitude to the Grant Thornton team for their services rendered to the Company over the past year.

CONTACT:

Jason Finkelstein                                 

Seven Stars Cloud Group, Inc.                                 

212-206-1216

About Seven Stars Cloud Group, Inc. (http://www.sevenstarscloud.com/)

SSC is aiming to become a next generation Artificial-Intelligent (AI) & Blockchain-Powered, Fintech company.  By managing and providing an infrastructure and environment that facilitates the transformation of traditional financial markets such as commodities, currency and credit into the asset digitization era, SSC provides asset owners and holders a seamless method and platform for digital asset securitization and digital currency tokenization and trading. 

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

SOURCE Seven Stars Cloud Group, Inc.