CHINA LUMENA NEW MATERIALS CORP
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 67)
UPDATE ON AUDIT PROGRESS AND
CONTINUED SUSPENSION OF TRADING
UPDATE ON AUDIT PROGRESS
References are made to (i) the announcement (the ''25 March Announcement'') of China Lumena New Materials Corp. (the ''Company'', together with its subsidiaries, the ''Group'') dated 25 March 2014 in relation to the suspension of trading in the shares of the Company on The Stock Exchange of Hong Kong (the ''Stock Exchange''); (ii) the announcement (the
''28 March Announcement'') of the Company dated 28 March 2014 in relation to the postponement of the Board meeting and delay in publication of the 2013 Annual Results Announcement; (iii) the announcement (the ''16 May Announcement'') of the Company dated 16 May 2014 providing an update on audit progress; and (iv) the announcement (the
''30 June Announcement'', together with the 25 March Announcement, the 28 March Announcement and the 16 May 2014 Announcement, collectively, the ''Announcements'') of the Company dated 30 June 2014 providing an update on the audit progress. Capitalised terms used herein shall have the same meanings as those defined in the Announcements unless otherwise specified.
As stated in the 28 March Announcement, the 16 May Announcement and the 30 June Announcement, the publication of the 2013 Annual Results and the 2013 Annual Report has been delayed and the Board meeting, originally scheduled to be held on 28 March 2014 for the purposes of, among other things, approving the 2013 Annual Results and the 2013
Annual Results Announcement, has been postponed because additional time is required by the Auditors to finalise the 2013 Audited Accounts. In the 30 June Announcement, the Board expected that the 2013 Annual Results Announcement will be published on or before
30 November 2014.
- 1 -
The Board wishes to inform the shareholders and potential investors of the Company that following the publication of the Glaucus Report and the Emerson Report, the Auditors informed the Company that additional procedures in respect of the events after 31 December
2013 (details of which have been set out in the 30 June Announcement) are required, which are still ongoing and additional time is required for the said procedures.
The Board will apply its best effort for the publication of the 2013 Annual Results Announcement on or before 31 March 2015. The Company will issue further announcement to inform the Shareholders if there are any changes to the abovementioned timetable and to update the Shareholders on the schedule of the meeting of the Board, the publication of the
2013 Annual Results Announcement and the despatch of the 2013 Annual Report.
CONTINUED SUSPENSION OF TRADING
Trading in the Shares on the Main Board of the Stock Exchange has been suspended with effect from 10 : 56 a.m. on 25 March 2014. Trading in the Shares will continue to be suspended pending the fulfilment of the Conditions for Resumption of Trading imposed by the Stock Exchange as listed in the announcement of the Company dated 26 November
2014.
By Order of the Board Au Yeung Kwong Wah Executive Director
Hong Kong, 28 November 2014
As at the date of this announcement, the Board comprises nine Directors, of which Mr. Zhang Zhigang, Mr. Zhang Daming, Mr. Gou Xingwu, Mr. Tan Jianyong, Mr. Shi Jianping and Mr. Au-Yeung Kwong Wah are executive Directors, Mr. Koh Tiong Lu, John, Mr. Wong Chun Keung and Mr. Xia Lichuan are independent non-executive Directors.
- 2 -
|
distributed by
|
