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Concord Medical appoints Guangdong Prouden CPAs GP as auditor after SEC comments on losing control of CHG
CCMConcord Medical Services Holdings Ltd
Concord Medical Services Holdings Limited announced the resignation of auditor Shandong Haoxin Certified Public Accountants Co., Ltd. on September 14, 2026, and appointed Guangdong Prouden CPAs GP as its new independent registered public accounting firm effective September 22, 2026. The company stated it will no longer rely on previously issued financial statements for fiscal years ended December 31, 2024, and 2025, intending to restate them to reflect the deconsolidation of Concord Healthcare Group Co., Ltd. This action follows SEC Staff comments indicating the company lost controlling interest in CHG when its voting stake declined below a majority in 2024. The filing also disclosed a material weakness regarding U.S. GAAP compliance resources and an explanatory paragraph in the previous audit report concerning the company's ability to continue as a going concern. Concord Medical Services Holdings Limited operates in the healthcare industry, specifically providing outpatient medical services.