SGOCO Group, Ltd. (SGOC)

[petermic]

On May 14, 2012, the Company’s independent registered public accountant, Grant Thornton, China member firm of Grant Thornton International (“GT”) notified the Company of its resignation from its engagement with the Company, effective immediately. GT was engaged as the Company’s independent registered public accounting firm and through the date of their resignation, had not completed its audit or provided a report on the financial statements of the Company for such period or any other period.