British Virgin Islands-registered company Global-Tech Advanced Innovations Inc. announced that its Board of Directors has appointed Mazars CPA Limited to serve as the company’s independent auditors. According to the BVI company, the decision followed resignation of BDO Limited, which was an internal business decision of this company, and was not related to the affairs of the Global-Tech Advanced Innovations Inc.
The engagement of the new independent auditors will commence with the review of BVI company’s financial results for the fiscal year ending March 31, 2012. The company anticipates that the transition from BDO Limited to Mazars will not result in any delays in its periodic filings with SEC.
Global-Tech President and Chief Executive Officer John C.K. Sham said in his comments: “We are grateful to BDO Limited for their hard work and professionalism and have truly enjoyed working with them” … “After a careful review process, we are pleased to have selected Mazars to serve as the Company’s new independent auditors and look forward to our new relationship with them.”