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FAREASTLIF

All Eps Dividend Board Agm Q1 Q2 Q3

FAREASTLIF 04-Nov-2021

(Continuation news of FAREASTLIF): advances of Mollah Enterprise ltd. Investment in Shares and Bonds: We could not obtain sufficient appropriate evidence of BDT 7,186.9 million included in the investment in shares and bonds in note no. 14 to the financial statements. Those investments have been made in previous years in various entities and individuals and have not been generating any cash flows for the company. (cont.2)

FAREASTLIF 04-Nov-2021

The auditor of the Fareast Islami Life Insurance Co. Ltd. has given the "Qualified Opinion" & "Emphasis of matters" paragraphs in the Auditor's Report for the year ended on 31 December, 2020. Qualified Opinion: Basis for qualified opinion: Fixed Deposits with Banks: As disclosed in note no. 19 to the financial statements the company has MTDR maintained with different Banks and Financial Institutions. The company has not disclosed the liens of those MTDR instruments against Quard and (cont.1)

FAREASTLIF 01-Nov-2021

Q3 Un-audited): Decrease in consolidated life revenue account for July-September, 2021 was Tk. 2354.82 million as against increase in Tk. 5.25 million for July-September, 2020. Whereas decrease in consolidated life revenue account for Jan- September, 2021 was Tk. 3681.23 million with consolidated total life insurance fund of Tk. 21082.06 million as against decrease Tk. 916.45 million and Tk. 32,773.91 million respectively for the same period of the previous year.

FAREASTLIF 01-Nov-2021

(Continuing of FAREASTLIF): Decrease in consolidated life revenue account for Jan-June, 2021 was Tk. 1,819.80 million with consolidated total life insurance fund of Tk. 22,943.49 million as against decrease in Tk. 922.60 million and Tk. 32,767.76 million respectively for the same period of the previous year. (end)

FAREASTLIF 01-Nov-2021

(Q2 Un-audited): Decrease in consolidated life revenue account for Apr-June, 2021 was Tk. 795.19 million with consolidated total life insurance fund of Tk. 22,943.49 million as against decrease in Tk. 43.76 million and Tk. 32,767.76 million respectively for the same period of the previous year. (cont.)

FAREASTLIF 01-Nov-2021

(Q1 Un-audited): Increase in consolidated life revenue account for Jan-Mar, 2021 was Tk. 98.68 million with consolidated total life insurance fund of Tk. 24,861.96 million as against decrease in consolidated life revenue account of Tk. 879.64 million and Tk. 32,810.72 million respectively for the same period of the previous year.

FAREASTLIF 01-Nov-2021

There will be no price limit on the trading of the shares of the Company today (01.11.2021) following its corporate declaration.

FAREASTLIF 01-Nov-2021

The Board of Directors has recommended No dividend for the year ended on December 31, 2020. Date of AGM: 22.12.2021, Time: 11:00 AM, Venue: Digital Platform. Record Date: 21.11.2021.

FAREASTLIF 25-Oct-2021

The Company has informed that meeting of the Board of Directors of the Company as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will now be held on October 31, 2021 at 2:30 PM respectively to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2021, Second Quarter (Q2) period ended on June 30, 2021 and Third Quarter (Q3) period ended on September 30, 2021.

FAREASTLIF 25-Oct-2021

As per Regulation 19(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 October 31, 2021 at 2:30 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2020.

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