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SAIFPOWER

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SAIFPOWER 18-Nov-2021

Trading of the shares of the Company will resume on 21.11.2021 after record date.

SAIFPOWER 17-Nov-2021

Trading of the shares of the Company will remain suspended on record date i.e., 18.11.2021.

SAIFPOWER 15-Nov-2021

(Continuation news of SAIFPOWER): Note 26- Workers profit participation/Welfare Fund: Balance of consolidated Workers profit participation/Welfare Fund as at 30 June 2021 and as at 30 June 2020 was BDT 221,166,647.00 and BDT 199,925,203.00 respectively. (end)

SAIFPOWER 15-Nov-2021

(Continuation news of SAIFPOWER): The management of the company tried to disburse the amount to workers through banking channel but in fact, it was very hard to find a separate bank account of all the workers. Considering circumstance and requirement for compliance with chapter-XV section 234 (a) & (b) of Bangladesh Labour Act-2006, the management of the Company decided to pay out the benefit in cash basis. (cont.4)

SAIFPOWER 15-Nov-2021

(Continuation news of SAIFPOWER): The fund transfer is under process and will be paid after completion of necessary legal process. The company made provision for WPPF in line with section 234 (a) chapter-XV (Workers 'participation in Companies Profits) of Bangladesh Labour Act-2006 and complied with section 234 (b). Transfer of the amount to a separate bank account is under process. (cont.3)

SAIFPOWER 15-Nov-2021

(Continuation news of SAIFPOWER): Our opinion is not modified in respect of this matter. Note 3.14 Contribution to Workers' Profit Participation and Welfare Funds: This represents 5% of net profit before tax, contributed by the company as per provisions of the Bangladesh Labour Act, 2006 (amendment-2013). The Company recognizes contribution to Workers Profit Participation and Welfare Fund in the accounts from the year 2019-2020. (cont.2)

SAIFPOWER 15-Nov-2021

The auditor of the SAIF Powertec Limited has given the "Emphasis of matters" paragraphs in the Auditor's Report for the year ended on 30 June, 2021. Emphasis of matters: We refer to note no: 3.14 & 26 regarding Workers Profit Participation and Welfare Fund in accordance with Bangladesh Labour Act-2006 and status of compliance regarding creating provision for the fund, disbursement of the fund and position of separate bank account in line with Bangladesh Labour Rules 2015. (cont.1)

SAIFPOWER 15-Nov-2021

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 16.11.2021 to 17.11.2021. Trading of the shares of the Company will remain suspended on record date i.e., 18.11.2021.

SAIFPOWER 15-Nov-2021

(Q1 Un-audited): Consolidated EPS was Tk. 0.52 for July-September 2021 as against Tk. 0.37 for July-September 2020; Consolidated NOCFPS was Tk. 0.06 for July-September 2021 as against Tk. 0.92 for July-September 2020. Consolidated NAV per share was Tk. 17.64 as on September 30, 2021 and Tk. 17.11 as on June 30, 2021.

SAIFPOWER 10-Nov-2021

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, 2021 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2021.

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