Century 21 China Real Estate Files 2014 Annual Report on Form 20-F and Appoints Grant Thornton as Independent Auditor
BEIJING - April 27, 2015 // PRNewswire // - IFM Investments Limited (OTC: CTCLY) ("Century 21 China Real Estate"), a leading comprehensive real estate services provider and the exclusive franchisor for the CENTURY 21® brand in China, today announced that it has filed its annual report on Form 20-F for the year ended December 31, 2014 with the United States Securities and Exchange Commission.
The Company has also announced to engage Grant Thornton as its independent auditor to replace PricewaterhouseCoopers Zhong Tian LLP ("PwC") effective upon the issuance of their report on our consolidated financial statements for the year ended December 31, 2014. Following consultation with PwC, the Company's Audit Committee confirms that there is no disagreement between the Company and PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. The engagement of Grant Thornton as the independent auditor was approved by the Audit Committee and the Board of Directors of the Company on April 27, 2014. Grant Thornton will promptly commence working on the audit of the Company's financial statements as of and for the fiscal year ended December 31, 2015.
About Century 21 China Real Estate
IFM Investments Limited ("Century 21 China Real Estate" or "CTCLY") is a leading comprehensive real estate services provider and the exclusive franchisor for the CENTURY 21® brand in China. CTCLY primarily focuses on China's fast-growing and highly fragmented secondary real estate market, providing company-owned brokerage services, franchise services, mortgage management services, primary services, commercial services and fund management services. CTCLY has experienced substantial growth since it commenced operations in 2000, and received numerous awards and recognition as franchisor and real estate services provider for its service quality and business achievements. Century 21 China Real Estate became a public company in January 2010 and its ADSs, each of which represents 45 ordinary shares of CTCLY, currently trade on the OTC Marketplaces under the symbol "CTCLY." For more information about CTCLY, please visit http://www.century21cn.com/english.
SOURCE Century 21 China Real Estate (IFM Investments Limited)
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