GigaCloud Technology Inc Appoints Grant Thornton LLP as New U.S. Auditor

Key Points from the Announcement

• Auditor Change: GigaCloud Technology Inc (Nasdaq: GCT) has announced the appointment of Grant Thornton LLP, a prominent U.S.-based audit firm, as its new independent registered public accounting firm.
• Dismissal of Previous Auditor: The appointment follows the dismissal of KPMG Huazhen LLP, the company’s previous independent registered public accounting firm.
• Subject to Procedures: The appointment of Grant Thornton LLP is subject to the completion of client acceptance, independence procedures, and the execution of an engagement letter.
• Strategic Alignment: The change is part of GigaCloud’s efforts to better align its professional resources with its current operational structure and strategic priorities.
• Shareholder Response: The company explicitly stated that this decision is in response to feedback from shareholders who emphasized the importance of having a U.S.-based auditor, especially as the company continues to operate its headquarters in California.
• Regulatory Filing: GigaCloud has filed a Form 8-K under Item 4.01 with the SEC on March 3, 2026, in connection with this auditor change.

Details for Investors

GigaCloud Technology Inc’s shift to Grant Thornton LLP as its new external auditor is a significant corporate governance development. This move could be seen as an effort to bolster transparency and credibility with U.S. investors and regulators, given the ongoing scrutiny of overseas companies listed on U.S. exchanges and the heightened focus on auditor quality and independence.

The company’s previous auditor, KPMG Huazhen LLP, is being replaced as part of a broader strategy to align resources with its current operational structure. The company emphasized this decision was also influenced by direct feedback from shareholders, highlighting the importance of responsive corporate governance and investor relations.

As GigaCloud continues to expand its business as a global B2B ecommerce platform for large parcel merchandise, this change may help increase investor confidence, potentially impacting the company’s share price. The engagement of a reputable U.S. audit firm such as Grant Thornton LLP could reduce perceived risks related to financial reporting and compliance, which are often concerns for companies with significant overseas operations.

The company’s platform, the “GigaCloud Marketplace,” connects manufacturers, primarily in Asia, with resellers in the U.S., Asia, and Europe, providing a comprehensive solution from product discovery and payments to logistics, offered at a fixed price. Since its launch in January 2019, the marketplace has expanded from the global furniture market into categories such as home appliances and fitness equipment.

Potential Price-Sensitive Information

• Change in Auditor: Auditor changes are often closely watched by investors, as they may signal shifts in governance, accounting practices, or strategic direction. The move to a U.S.-based auditor may be perceived positively, addressing regulatory and shareholder concerns and potentially reducing risks associated with overseas audits.
• Shareholder Engagement: The explicit acknowledgment of shareholder feedback in this decision could further enhance investor confidence in management’s responsiveness.
• Regulatory Compliance: Proactively filing a Form 8-K with the SEC and communicating changes transparently supports GigaCloud’s commitment to regulatory compliance and best practices.

Forward-Looking Statements

The press release includes forward-looking statements regarding the company’s future operations, strategies, and financial expectations. While management believes these statements are reasonable, actual results may differ due to various known and unknown risks and uncertainties. Investors are encouraged to review the company’s SEC filings for further details and risk factors.

Investor Contacts

For further information, investor and media inquiries can be directed to GigaCloud’s Investor Relations team at [email protected], or to their external advisors PondelWilkinson Inc. (Todd Kehrli: [email protected]; Laurie Berman: [email protected]; George Medici (Media): [email protected]).

About GigaCloud Technology Inc

GigaCloud Technology Inc is a leader in global end-to-end B2B ecommerce technology for large parcel merchandise, offering a seamless platform for cross-border transactions from manufacturer to end customer, primarily serving the global furniture, home appliance, and fitness equipment markets.

Further details can be found on the company’s investor website: https://invest.gigacloudtech.com/

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should conduct their own due diligence and consult with professional advisors before making investment decisions. The information provided is based on company disclosures and may be subject to change.

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