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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/27/24 Cloopen Group Holding Ltd. 20-F 12/31/21 186:43M Donnelley … Solutions/FA |
Document/Exhibit Description Pages Size 1: 20-F Annual or Annual-Transition Report by a Foreign HTML 10.04M Non-Canadian Issuer 2: EX-2.1 Plan of Acquisition, Reorganization, Arrangement, HTML 146K Liquidation or Succession 3: EX-2.6 Plan of Acquisition, Reorganization, Arrangement, HTML 203K Liquidation or Succession 4: EX-4.21 Instrument Defining the Rights of Security Holders HTML 75K 5: EX-8.1 Opinion of Counsel re: Tax Matters HTML 57K 8: EX-13.1 Annual or Quarterly Report to Security Holders HTML 53K 9: EX-13.2 Annual or Quarterly Report to Security Holders HTML 53K 6: EX-12.1 Statement re: the Computation of Ratios HTML 60K 7: EX-12.2 Statement re: the Computation of Ratios HTML 59K 10: EX-15.1 Letter re: Unaudited Interim Financial Info HTML 54K 11: EX-15.2 Letter re: Unaudited Interim Financial Info HTML 53K 12: EX-15.3 Letter re: Unaudited Interim Financial Info HTML 53K 13: EX-16.1 Letter re: a Change in Accountant HTML 57K 14: EX-16.2 Letter re: a Change in Accountant HTML 52K 16: R1 Document and Entity Information HTML 131K 17: R2 Consolidated Balance Sheets HTML 250K 18: R3 Consolidated Balance Sheets (Parenthetical) HTML 116K 19: R4 Consolidated Statements of Comprehensive Loss HTML 212K 20: R5 Consolidated Statements of Comprehensive Loss HTML 71K (Parenthetical) 21: R6 Consolidated Statements of Changes in HTML 247K Shareholders' Deficit 22: R7 Consolidated Statements of Changes in HTML 61K Shareholders' Deficit (Parenthetical) 23: R8 Consolidated Statements of Cash Flows HTML 248K 24: R9 Description of Business, Organization and Basis of HTML 201K Presentation 25: R10 Summary of Significant Accounting Policies HTML 315K 26: R11 Restatement and Reclassifications HTML 1.54M 27: R12 Business Acquisition HTML 158K 28: R13 Cash and Restricted Cash HTML 72K 29: R14 Accounts Receivable, Net HTML 146K 30: R15 Prepayments and Other Current Assets HTML 83K 31: R16 Long-Term Investments HTML 136K 32: R17 Property and Equipment, Net HTML 110K 33: R18 Intangible Assets, Net HTML 174K 34: R19 Goodwill HTML 82K 35: R20 Borrowings HTML 90K 36: R21 Accrued Expenses and Other Current Liabilities HTML 88K 37: R22 Warrant Liabilities HTML 108K 38: R23 Redeemable Convertible Preferred Shares HTML 262K 39: R24 Share-Based Compensation HTML 227K 40: R25 Fair Value Measurement HTML 237K 41: R26 Income Tax HTML 273K 42: R27 Net Loss Per Share HTML 113K 43: R28 Revenue Information HTML 221K 44: R29 Commitments and Contingencies HTML 70K 45: R30 Related Party Transactions HTML 279K 46: R31 Subsequent Events HTML 108K 47: R32 Parent Only Financial Information HTML 257K 48: R33 Summary of Significant Accounting Policies HTML 400K (Policies) 49: R34 Description of Business, Organization and Basis of HTML 179K Presentation (Tables) 50: R35 Summary of Significant Accounting Policies HTML 193K (Tables) 51: R36 Restatement and Reclassifications (Tables) HTML 1.54M 52: R37 Business Acquisition (Tables) HTML 135K 53: R38 Cash and Restricted Cash (Tables) HTML 70K 54: R39 Accounts Receivable, Net (Tables) HTML 149K 55: R40 Prepayments and Other Current Assets (Tables) HTML 83K 56: R41 Long-Term Investments (Tables) HTML 102K 57: R42 Property and Equipment, Net (Tables) HTML 110K 58: R43 Intangible Assets, Net (Tables) HTML 174K 59: R44 Goodwill (Tables) HTML 83K 60: R45 Borrowings (Tables) HTML 73K 61: R46 Accrued Expenses and Other Current Liabilities HTML 87K (Tables) 62: R47 Warrant Liabilities (Tables) HTML 92K 63: R48 Redeemable Convertible Preferred Shares (Tables) HTML 223K 64: R49 Share-Based Compensation (Tables) HTML 207K 65: R50 Fair Value Measurement (Tables) HTML 238K 66: R51 Income Tax (Tables) HTML 255K 67: R52 Net Loss Per Share (Tables) HTML 113K 68: R53 Revenue Information (Tables) HTML 213K 69: R54 Commitments and Contingencies (Tables) HTML 66K 70: R55 Related Party Transactions (Tables) HTML 239K 71: R56 Subsequent Events (Tables) HTML 87K 72: R57 Parent Only Financial Information (Tables) HTML 258K 73: R58 DESCRIPTION OF BUSINESS, ORGANIZATION AND BASIS OF HTML 63K PRESENTATION - 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Restricted ordinary HTML 77K shares activities (Details) 135: R120 SHARE-BASED COMPENSATION - Restricted ordinary HTML 62K shares, compensation expenses (Details) 136: R121 SHARE-BASED COMPENSATION - Shares Options HTML 79K (Details) 137: R122 SHARE-BASED COMPENSATION - Shares options HTML 106K activities (Details) 138: R123 SHARE-BASED COMPENSATION - Shares options, HTML 76K assumptions used (Details) 139: R124 SHARE-BASED COMPENSATION - Compensation expense HTML 70K recognized for shares options (Details) 140: R125 SHARE-BASED COMPENSATION - Ordinary shares issued HTML 64K to management employees (Details) 141: R126 SHARE-BASED COMPENSATION - Waiver of subscription HTML 64K receivable due from a shareholder (Details) 142: R127 FAIR VALUE MEASUREMENT - Fair value hierarchy of HTML 69K assets and liabilities (Details) 143: R128 FAIR VALUE MEASUREMENT - Reconciliation of HTML 86K recurring fair value measurements (Details) 144: R129 INCOME TAX - Additional Information (Details) HTML 129K 145: R130 INCOME TAX - 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EX-16.1 |
Exhibit 16.1
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
We were previously principal accountants for Cloopen Group Holding Limited (the “Company”) and, under the date of May 10, 2021, we reported on the consolidated financial statements of the Company as of and for the years ended December 31, 2019 and 2020. Subsequently, in our letter to the Audit Committee dated April 29, 2022, we notified the Company that we no longer consent to, and actions should be taken to prevent reliance on, our previously issued auditors’ reports related to the consolidated financial statements for the years ended December 31, 2018, 2019 and 2020 and nine-month period ended September 30, 2020. On April 29, 2022, we resigned.
We have read the Company’s statements included under Item 16F of its December 31, 2021 annual report Form 20-F dated February 27, 2024, and we agree with such statements, except that: we are not in a position to agree or disagree with the Company’s statements:
We have read the Company’s statements regarding the Internal Investigation included under the Explanatory Note on page 2 of its December 31, 2021 annual report Form 20-F dated February 27, 2024, and we are not in a position to agree or disagree with the Company’s statements about the Internal Investigation.
We identified the reportable events pursuant to Item 16F(a)(1)(v) of the instructions to Form 20-F as below:
We identified fraudulent activities of several employees of the Company based on our identification of material misstatements within revenues and expenses during the audit of the consolidated financial statements for the year ended December 31, 2021. As a result, we advised the Company that the previously released financial results for the quarters ended June 30, 2021 and September 30, 2021 were materially misstated. We also advised the Company that we identified irregularities relating to certain customer transactions, which could affect the existence and accuracy of revenue and expenses for the years ended December 31, 2018, 2019, 2020 and for the nine-month period ended September 30, 2020. As a result, we advised the Company that our audit opinions on the consolidated financial statements as of and for the years ended December 31, 2018, 2019 and 2020, and as of and for the nine-month period ended September 30, 2020 should not be relied upon. We further advised the Company that it would have been necessary to expand significantly the scope of our audit and if we had expanded the scope of that audit, information may have come to our attention that, if further investigated, may have materially impacted the fairness or reliability of previously issued financial statements and financial statements to be issued. Due to our resignation, the scope of the audit was not able to be expanded.
Very truly yours,
/s/ KPMG Huazhen LLP
This ‘20-F’ Filing | Date | Other Filings | ||
---|---|---|---|---|
Filed on: | 2/27/24 | |||
2/3/23 | 6-K | |||
7/18/22 | ||||
4/29/22 | ||||
For Period end: | 12/31/21 | NT 20-F | ||
9/30/21 | ||||
6/30/21 | ||||
5/10/21 | 20-F | |||
12/31/20 | 20-F, NT 20-F | |||
9/30/20 | ||||
12/31/19 | ||||
12/31/18 | ||||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 5/10/21 Cloopen Group Holding Ltd. 20-F 12/31/20 142:22M Toppan Merrill/FA 1/29/21 Cloopen Group Holding Ltd. F-1/A 4:9.6M Toppan Merrill-FA 1/19/21 Cloopen Group Holding Ltd. F-1 34:12M Toppan Merrill-FA |