THT Heat Transfer Technology, Inc. Announces Change of Auditor
SIPING, China, Jan. 9, 2013
SIPING, China, Jan. 9, 2013 /PRNewswire/ --THT Heat Transfer Technology, Inc.
(NASDAQ:THTI, "the Company", or "THT"), a leading provider of heat exchangers
and heat exchange solutions in China'sclean technology industry, today
announced that the Company engaged MaloneBailey LLP ("MaloneBailey") as its
independent registered public accounting firm on January 8, 2013, replacing
PKF-Hong Kong ("PKF"), which resigned on January 7, 2013.
The resignation of PKF was not the result of any disagreements between the
Company and PKF on any matters of accounting principles or practices,
financial statement disclosure or auditing scope or procedures.
Chairman and Chief Executive Officer Guohong Zhao commented, "We thank PKF for
their professionalism and support during their tenure, and welcome the
appointment of MaloneBailey as our independent registered public accounting
firm. The Board and management team of THT will work closely with MaloneBailey
to maintain the high standards of disclosure and transparency required of a
About THT Heat Transfer Technology, Inc.
Through its Chinese operating subsidiaries, THT Heat Transfer Technology, Inc.
designs, manufactures and sells plate heat exchangers, shell-and-tube heat
exchangers, heat exchanger units and other heat exchanger products with total
heat exchange solutions. Heat exchangersplayan integral part in
helpingcustomers improve energy efficiency.Used in a number of industries,
THT's products focus on energy conservation, emission reduction and other
environmentally friendly applications.Its six major product categories are
plate heat exchangers, shell-and-tube heat exchangers, air-cooled heat
exchangers, weld plate heat exchangers, heat exchanger units and
plate-and-shell heat exchangers. The Company also offers comprehensive heat
THT's in-house R&D capabilities enable it to deliver tailored products that
better meet the changing demands of its customers. The Company has a strong
record of delivering high-quality products and services to leading domestic
and international customers. THT has completed over 3,000 projects and has
provided heat exchange solutions to several Fortune 500 companies. The Company
is headquartered in Siping City, Jilin Province, China. For more information,
please visit the Company's website at www.tht.cn.
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, and involve known and unknown
risks and uncertainties. Although the Company believes that the expectations
reflected in these 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 risk factor sections of the Company's
periodic reports that are filed with the Securities and Exchange Commission
and are 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
Mr. Jack Xiao
Investor Relations Manager
THT Heat Transfer Technology, Inc.
Tel:+86 (434) 326 6779
Investor Relations (China):
Tel: +852 3196 3712
Investor Relations (US):
Tel: +1 (212) 889 4350
SOURCE THT Heat Transfer Technology, Inc.
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