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STYLECRAFT

All Eps Dividend Board Agm Q1 Q2 Q3

STYLECRAFT 24-Nov-2019

(Continuation news of STYLECRAFT): The Legislation puts in place provisions including a central fund to improve living standards of workers, a requirement for @ 0.03% of annual total export value to be deposited in employee welfare fund and section 234 of the Bangladesh Labor Act 2006 is not applicable for Stylecraft Ltd. as a 100% export oriented garments manufacturing company. (end)

STYLECRAFT 24-Nov-2019

Emphasis of Matter: We draw attention to Note 2.26 of the financial statements, which describes that section 234 is not applicable for the company. Our opinion is not modified in respect of this matter. Note 2.26 Contribution to workers Profit Participation/welfare Fund: (cont.1)

STYLECRAFT 17-Nov-2019

(Q1 Un-audited): EPS was Tk. 0.78 for July-September, 2019 as against Tk. 1.20 for July-September, 2018. NOCFPS was Tk. (17.12) for July-September, 2019 as against Tk. 9.19 for July-September, 2018. NAV per share was Tk. 66.85 as on September 30, 2019 and Tk. 66.07 as on June 30, 2019. NOCFPS is negative because of huge payment against BTB LC on import bill during the period.

STYLECRAFT 06-Nov-2019

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, 2019 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, 2019.

STYLECRAFT 30-Oct-2019

There will be no price limit on the trading of the shares of the Company today (30.10.2019) following its corporate declaration.

STYLECRAFT 30-Oct-2019

(Continuation news of STYLECRAFT): iii) Bonus share 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 become negative or debit balance. (end)

STYLECRAFT 30-Oct-2019

(Continuation news of STYLECRAFT): to the previous years export revenue. Management has assessed that the depreciation rates should be changed for some assets as the assets have more useful lives for which depreciation has been charged. The Company has also informed that i) Bonus share has been recommended in view to utilize its retained amount as capital for business expansion; ii) Bonus shares is declared out of accumulated profit; (cont.3)

STYLECRAFT 30-Oct-2019

(Continuation news of STYLECRAFT): as against Tk. 3.08, Tk. 58.33 and Tk. 16.39 respectively for the same period of the previous year. Reason for significant increase in EPS compared to the previous year as follows: 1. Previous year's EPS has been restated due to charge of WPPF, Income Tax and current?s years increased no. of shares for issuing bonus shares. 2. Current year's EPS has been increased due to Export Revenue has been increased comparing (cont.2)

STYLECRAFT 30-Oct-2019

The Board of Directors has recommended 150% stock dividend for the year ended on June 30, 2019. The Board has also approved Tk. 7.6 crore as BMRE, for future product line expansion. Date of AGM: 15.12.2019. Time: 11:30 AM, Venue: Spectra Convention Centre Ltd. (King's Hall), House # 19, Road # 7, Gulshan-1, Dhaka. Record Date: 28.11.2019. The Company has also reported EPS of Tk. 7.74, NAV per share of Tk. 66.07 and NOCFPS of Tk. 3.48 for the year ended on June 30, 2019 (cont.1)

STYLECRAFT 20-Oct-2019

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 29, 2019 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2019.

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