For immediate release:
Pansoft Engages Crowe Horwath (HK) CPA Limited as Independent Auditor
Jinan, China, July 26 , 2010 – Pansoft Company Limited (NASDAQ: PSOF) (“Pansoft” or the “Company”),
a leading ERP software service provider for the oil and gas industry in China, today announced that it has
engaged Crowe Horwath (HK) CPA Limited (“Crowe Horwath”) as its independent registered public
accounting firm effective immediately.
Due to a change in the business structure of the previous auditor firm, Pansoft dismissed AGCA, Inc. and
engaged Crowe Horwath. Pansoft management believes that the engagement of an accounting firm with a well
recognized international network is necessary for its planned business growth. The engagement was approved by
the audit committee of Pansoft. The decision to change auditors was not due to any disagreement between the
Company and its former auditors on any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure.
“We are pleased to engage Crowe Horwath as our new independent auditor and look forward to working with
the firm in the future,'' commented Mr. Hugh Wang, Chairman of Pansoft. “We fully appreciate the professional
services rendered by the audit team of AGCA, Inc. and look forward to building a strong, long-term relationship
with Crowe Horwath, which will benefit our shareholders and increase our standing in the investment
About Crowe Horwath (HK) CPA Limited
Crowe Horwath (HK) CPA Limited ("Crowe Horwath") is a full-service CPA member firm of Crowe Horwath
International based in Hong Kong. The firm provides a comprehensive range of professional services including
audit, tax and advisory services to clients in the Greater China region. Crowe Horwath has over 20 directors,
300 professional and supporting staff, as well as a strong technical team. For more information, go to Crowe
Horwath’s website at: https://www.crowehorwath.hk.