The Company has further informed that following the application to Honorable High Court Division of the Supreme Court of Bangladesh seeking condonation for the delay in holding the 16th AGM, under Company Matter No. 281 of 2016, as per Section 81(2) of the Companies Act, 1994, the Honorable Court has made the matter still pending and fixed the date for hearing on January 11, 2017. Therefore the 16th AGM of the company has been postponed until further notice.