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AFCAGRO

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AFCAGRO 28-Jan-2020

The Company has informed that it has credited the Bonus shares for the year ended on June 30, 2019 to the respective shareholders' BO Accounts.

AFCAGRO 23-Jan-2020

As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on January 30, 2020 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2019.

AFCAGRO 01-Jan-2020

(Continuation news of AFCAFGRO): which will be transfer earlier. 10% of the fund to be transferred to Bangladesh Workers Welfare Foundation as per section 234 of the Bangladesh Labor Act, 2006 (amended in 2013) will be made as soon as possible. (end)

AFCAGRO 01-Jan-2020

(Continuation news of AFCAFGRO): This represents 5% of net profit before tax after charging the contribution as per provisions of the Companies Profit (Workers' Participation) Act,1968 and is payable to workers as defined in the said Act. The company has separate Trustee for WPPF. During the year AFCABL has been transferred fund to separate WPPF Bank Accounts partially and remaining balance keep as liability as on 30th June 2019 (cont.5)

AFCAGRO 01-Jan-2020

(Continuation news of AFCAFGRO): Emphasis Matter: We draw users' attention to the note no 17.01 to the financial statements regarding utilization of Workers Profit Participation Fund (WPPF). Our opinion is not modified in respect of the matters. Note 17.01: Balance of Workers Profit Participation Fund(WPPF) as on 30.06.19 was Tk. 45,249,596 and as on 30.06.18 was Tk. 32,681,498. (cont.4)

AFCAGRO 01-Jan-2020

(Continuation news of AFCAFGRO): under the caption "National Active Pharmaceutical Ingredients (API) & Laboratory Reagents Production and Export Policy" regarding tax exemption to be effected from financial year 2016-17 to 2031-32 and the meeting minute in Ministry of Commerce no: 26.00.0000.10042.008.17-177. (cont.3)

AFCAGRO 01-Jan-2020

(Continuation news of AFCAFGRO): against which SRO from National Board of Revenue (NBR) is yet to be obtained. Note 16.00: Balance of Provision for Current Tax as on 30.06.19 was Tk. 25,317,087 and as on 30.06.18 was Tk. 22,353,171. Provision for tax holiday reserve has not been made except for other income based on gazette No-26.00.0000.100.42.008.17-54 dated 14-05-2018 by Commerce Ministry (cont.2)

AFCAGRO 01-Jan-2020

Qualified Opinion: 1. Provision for current income tax and deferred tax required as per para 12 & 15 of IAS 12 has not been made except for other income, as disclosed in note no. 16, based on gazette No- 26.00.0000.100.42.008.17-54 dated 14-05-2018 by Commerce Ministry under the caption "National Active Pharmaceutical Ingredients (API) & Laboratory Reagents Production and Export Policy" regarding tax exemption (cont.1)

AFCAGRO 19-Dec-2019

Trading of the Shares of the Company will resume on 22.12.2019 after record date.

AFCAGRO 18-Dec-2019

Trading of the shares of the Company will remain suspended on record date i.e., 19.12.2019.

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