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DBH1STMF

All Eps Dividend Board Agm Q1 Q2 Q3

DBH1STMF 22-Aug-2021

On the close of operation on August 19, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 12.27 per unit on the basis of current market price and Tk. 11.26 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the Fund stood at Tk. 1,472,158,916.41 on the basis of market price and Tk. 1,351,114,681.88 on the basis of cost price after considering all assets and liabilities of the Fund.

DBH1STMF 16-Aug-2021

On the close of operation on August 12, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 12.29 per unit on the basis of current market price and Tk. 11.26 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the Fund stood at Tk. 1,474,912,483.34 on the basis of market price and Tk. 1,350,936,677.90 on the basis of cost price after considering all assets and liabilities of the Fund.

DBH1STMF 09-Aug-2021

(Continuation news of DBH1STMF): from negative Taka (441.04) is apparently due to share premium of Taka 12,400 per share received from different funds managed by the Fund Manager against purchase of shares. Apparently, the shares have been acquired at higher price but in the absence of independent valuation report, latest financial statements and other information, we could not quantify the overstatement of assets and the amount of provision required on the said investment. (end)

DBH1STMF 09-Aug-2021

(Continuation news of DBH1STMF): Managing Director of the company. We have not been provided any valuation report of the said investment. However, as per audited financial statements (2020 unaudited), the net asset value as at 30 June 2019 and 30 June 2020 were negative Taka (441.04) and Taka 1654.50 respectively whereas loss per share for the year ended 30 June 2019 and 30 June 2020 were Taka (139.69) and Taka (61.25) respectively. The increase on NAV per share to Taka 1654.50 (cont.5)

DBH1STMF 09-Aug-2021

(Continuation news of DBH1STMF): Taka 38.16 as per nine months ended unaudited financial statements. 3. As disclosed in Annexure-D, the Fund has made an investment of Taka 64,575,000 through purchase of 5,166 ordinary shares of Taka 100 each of Bangladesh News 24 Hours Ltd. at a price of Taka 12,500 each. Out of the said 5,166 ordinary shares 2,583 shares were directly purchased from the company and the remaining 2,583 shares were purchased from Mr. Toufique Imrose Khalidi, (cont.4)

DBH1STMF 09-Aug-2021

(Continuation news of DBH1STMF): Taka 24,200,000 by acquiring 1,100,000 ordinary shares of Taka 10 each of Unicorn Industries Limited at a price of Taka 22 each. The Fund has revalued the investment at Taka 52.17 per share based on discounted cash flow method. The cash flow projection and other forecast on which the valuation is made are unlikely to achieve and involve uncertainties. However, the net asset value (NAV) per share of the company as at 31 March 2021 was (cont.3)

DBH1STMF 09-Aug-2021

(Continuation news of DBH1STMF): The cash flow projection and other forecast on which the valuation is made are unlikely to achieve and involve uncertainties. However, the net asset value (NAV) per of the company as at 30 June 2020 was Taka 23.66. As we have not been provided latest financial statements and other information, we are unable to comment on present status of this investment. 2. As disclosed in note - 4.2(ii)(b) and Annexure-D, the Fund has invested (cont.2)

DBH1STMF 09-Aug-2021

The auditor of the DBH First Mutual Fund has given the "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on 30 June 2021. Emphasis of Matter: 1. As disclosed in note - 4.2(ii)(a) and Annexure-D, the Fund has invested Taka 59,470,000 by acquiring 626,000 ordinary shares of Taka 10 each of Energy Prima Limited at a price of Taka 95 each. The Fund has revalued the investment at Taka 31.33 per share based on discounted cash flow method. (cont.1)

DBH1STMF 09-Aug-2021

On the close of operation on August 5, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 12.20 per unit on the basis of current market price and Tk. 11.23 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the Fund stood at Tk. 1,463,872,489.57 on the basis of market price and Tk. 1,347,157,427.54 on the basis of cost price after considering all assets and liabilities of the Fund.

DBH1STMF 09-Aug-2021

There will be no price limit on the trading of the units of the Fund today (09.08.2021) following its corporate declaration.

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