DJ HK Bourse: Results Announcement From China Metal Resources Utilization Ltd.

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https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0710/2020071000007.pdf FURTHER DELAY IN PUBLICATION OF ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2019
Reference are made to the announcements of China Metal Resources Utilization Limited (the
"Company", and together with its subsidiaries, the "Group") dated 30 March 2020 in
relation to Group's unaudited annual results for the year ended 31 December 2019 and dated
4 May 2020, 13 May 2020, 29 May 2020, 5 June 2020, 19 June 2020 and 26 June 2020 in
relation to the delay in publication of audited annual results announcement for the year
ended 31 December 2019 and 2019 annual report of the Company and date of board meeting
("Previous Announcements"). Unless the context otherwise requires, terms used in this
announcement shall have the same meaning as those defined in the Previous
Announcements.
The Board of the Company wishes to provide further information in relation to the further
delay in the release of the 2019 Annual Results and 2019 Annual Report to its shareholders.
The Company has been informed by the Auditors that, as of the date of this announcement,
the progress has been made on the outstanding audit procedures set out in the announcement
of the Company dated 26 June 2020. Whilst the audit is progressing towards its conclusion,
additional time is still required for the Auditors to finalize the audit.
Upon discussion with the Auditors and based on the currently available information, the
Company expects that the 2019 Annual Results and 2019 Annual Report will be uploaded by
31 July 2020.
Due to the delay in publication of the 2019 Annual Results and the 2019 Annual Report, the
Board meeting for the purposes of, among other matters, considering and approving the 2019
Annual Results and the 2019 Annual Report will be postponed to on or before 31 July 2020
accordingly. -1-
The Company will make an application to the Stock Exchange for a waiver from strict
compliance with Rules 13.46(2)(a) and 13.46 of the Listing Rules to extend the date by
which the Company is required to publish its 2019 Annual Results and 2019 Annual Report
to on or before 31 July 2020 and to convene its annual general meeting beyond six months
after the end of its financial year, respectively.
Further announcement(s) will be made by the Company as and when necessary if there is
any material development in the completion of the annual audit, publication of the 2019
Annual Results and 2019 Annual Report, the date of Board meeting and the date of annual
general meeting.
Source: Hong Kong Exchanges & Clearing

(END) Dow Jones Newswires

July 09, 2020 18:06 ET (22:06 GMT)