BEIJING, May 28, 2015 /PRNewswire/ -- China Digital TV
Holding Co., Ltd. (NYSE: STV) ("China Digital TV" or the
"Company"), the leading provider of cloud-based application
platforms and conditional access ("CA") systems which enable
China's digital cable television
market to offer and secure diversified content services, today
announced that it has changed its auditors from Deloitte Touche
Tohmatsu Certified Public Accountants LLP (the "Former Auditor") to
KPMG Huazhen (Special General Partnership) (the "Successor
Auditor") effective May 28, 2015. The
change of auditors has been reviewed and approved by the Company's
audit committee and its board of directors.
During the two most recent fiscal years ended December 31, 2014 and through the date of this
announcement:
(i) there were
no disagreements between the Company and the Former Auditor on any
matters of accounting principles or practices, financial statement
disclosure or auditing scope or procedure, which disagreements, if
not resolved to the satisfaction of the Former Auditor, would have
caused the Former Auditor to make reference to the subject matter
of the disagreement in its report on the Company's consolidated
financial statements; and
(ii) except for a material
weakness in the Company's internal control over financial reporting
as disclosed in our annual report for the fiscal year ended
December 31, 2014 filed on in Form
20-F on April 28, 2015, there were no
"reportable events" as that term is defined in Item 16F(a)(1)(v) of
Form 20-F.
About China Digital TV
Founded in 2004, China Digital TV enables television network
operators to manage, extend and diversify content services across
households and public areas in China. China Digital TV is the leading
provider of cloud-based application platforms and network
broadcasting platform ("NBP") services to Chinese cable operators,
helping them to effectively bring mobile gaming apps and other
entertainment options to household television sets, and extend
cable programming outside the home to any mobile device. China
Digital TV is also the leading provider of CA systems in
China's digital television market.
CA systems enable television network operators to secure the
delivery of content to their subscribers. The Company cooperates
with nearly all of China's cable
television operators.
For more information please visit the Investor Relations section
of China Digital TV's website at http://ir.chinadtv.cn.
For investor and media inquiries, please contact:
China Digital TV Holding Co., Ltd.
Nan Hao
Investor Relations Manager
Tel: +86-10-6297-1199 x 9780
Email: ir@chinadtv.cn
ICR, Inc.
Charles Eveslage
Tel: +1 (646) 328-1950
Email: stv@icrinc.com
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SOURCE China Digital TV Holding Co., Ltd.