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ITC

All Eps Dividend Board Agm Q1 Q2 Q3

ITC 28-Oct-2019

(Continuation news of ITC): But did not observe any material changes thereon. However, the management has decided to revalue the fixed assets by professional valuer during within the shortest possible of time. Note 3.01 (d) Depreciation: Depreciation is charged based on reducing balance method on all tangible assets over their estimated useful economic lives. The depreciation rates applicable to the principal categories of fixed assets are: (cont. 3)

ITC 28-Oct-2019

(Continuation news of ITC): The Company had revalued its fixed assets in the year 2009-10 viz, Plant & Machinery, ATM Machine, POS Terminal, Card Printers, Q- Cash retailer POS software, ATM Software, Switching Software, POS Software and Software Development by a competent consultant M/S. Ahmed & Akter, an independent Chartered Accountants firm who have no interest in the assets of the Company. The management has assessed the fair value of the fixed asset during the year. (cont. 2)

ITC 28-Oct-2019

Emphasis of Matters: Without qualifying our opinion, we draw attention to the following matters: 1) In Note # 3.01(c), 3.01(d) and 3.02(c) to the financial statements, the Company disclosed the reason for not conducting the revaluation of non-current assets, the methods of charging depreciation on Property, Plant & Equipment and the justification for the basis of charging amortization of intangible assets. Note 3.01 (c) Revaluation of fixed assets: (cont. 1)

ITC 27-Oct-2019

(Continuation news of ITC): has kindly allocated 1(One) acre of land at Bangabandhu Hi-Tech City, Kaliakoir, Gazipur in favor of Information Technology Consultants Ltd., under 40 years lease agreement (renewable). Yearly maintenance payment of Tk. 1,72,040.00 has to be deposited as advance. (end)

ITC 27-Oct-2019

With reference to their earlier news disseminated by DSE on 24.10.2019 regarding Allocation of 1 (One) acre land at Bangabandhu Hi-Tech City, the Company has further informed that Bangladesh Hi-Tech Park Authority under Information and Communication Technology Ministry of Government of Republic of Bangladesh (cont.)

ITC 24-Oct-2019

(Continuation news of ITC): Rental payment of Tk. 2,57,290.00 has to be deposited as advance. As per the terms of the allocation, rent rate is USD 0.5 per square meter. This rate will be revised after 3 years, when the rent rate will be USD 2.00 (as per the prevailing exchange rate, at the time of revision) per square meter. (end)

ITC 24-Oct-2019

The Company has informed that Bangladesh Hi-Tech Park Authority under Information & Communication Technology Ministry of Government of Republic of Bangladesh has kindly allocated 1(one) acre of land at Bangabandhu Hi-Tech City, Kaliakoir, Gazipur in favor of Information Technology Consultants Lid., on a yearly rental basis. (cont.)

ITC 21-Oct-2019

(Correction News): The Record Date of the Company is 12.11.2019 instated of 15.11.2018 which was inadvertently Disseminated.

ITC 21-Oct-2019

(Correction News): The Record Date of the Company is 15.11.2019 instated of 15.11.2018 which was inadvertently Disseminated.

ITC 21-Oct-2019

There will be no price limit on the trading of the shares of the Company today (21.10.2019) following its corporate declaration.

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