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RINGSHINE

All Eps Dividend Board Agm Q1 Q2 Q3

RINGSHINE 17-Dec-2020

The Company has further informed that due to unavoidable circumstances, the 12th EGM and 23rd AGM of the company will be held on December 31, 2020, Time: 10.00 & 10:30 AM respectively through Digital Platform. Other information will remain unchanged.

RINGSHINE 24-Nov-2020

The Company has informed that the management has decided to extend further the Lay Off period for one more month effective from 25 November 2020 to December 24, 2020.

RINGSHINE 22-Nov-2020

Trading of the shares of the Company will resume on 23.11.2020 after record date.

RINGSHINE 18-Nov-2020

(Continuation news of RINGSHINE): 2. We also draw attention to Note #3.25 in the financial statements, which indicate that for worldwide impact of COVID- 19, some troubles come up in business of the company during the year ended June 30, 2020 and thereafter the reporting period company management declared lay-off of the factory consecutively for 2 months up to 24 November, 2020.Our opinion is not modified in respect of these matters. (end)

RINGSHINE 18-Nov-2020

(Continuation news of RINGSHINE): as operating lease as per IAS - 17 Leases. The company board and management in the current year also decided to recognize the lease as operating lease as per IAS - 17 Leases without considering the lease in the context of the application of IFRS 16, right-of-use assets and lease liabilities. However, the Company board and management decided to consider IFRS-16 while preparing the next year's financial statements. (cont.2)

RINGSHINE 18-Nov-2020

The auditor of the Ring Shine Textiles Limited has given the "Emphasis of Matter " paragraph in the Auditor's Report for the year ended on 30 June 2020. Emphasis of Matter: 1.We draw attention to Note # 3.3 in the financial statements that the company has renewable land lease arrangements for 33 years with Bangladesh Export Processing Zone Authority (BEPZA) for industrial plots in Dhaka EPZ, Savar. Since inception to the last year, the lease has classified (cont.1)

RINGSHINE 17-Nov-2020

Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 18.11.2020 to 19.11.2020. Trading of the shares of the Company will remain suspended on record date i.e., 22.11.2020.

RINGSHINE 15-Nov-2020

The Company has further informed that due to unavoidable circumstances, the meeting scheduled to be held on November 14, 2020 as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2020 has been postponed. New date and time of the meeting will be notified later.

RINGSHINE 10-Nov-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 November 14, 2020 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2020.

RINGSHINE 29-Oct-2020

(Continuation news of RINGSHINE): iii) Stock Dividend is not declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the Company or through reducing paid up capital or through doing anything so that the post dividend retained earnings balance become negative or a debit balance. (end)

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