【DOLMITE 5835 交流专区】云石机构

icy97

Type	Announcement
Subject	OTHERS
Description	DOLOMITE CORPORATION BERHAD ("DCB" OR "THE COMPANY")-  Approval of the extension of the lease period for the surrender and re-alienation of land to Dolomite Industries Company Sdn Berhad ("DICSB") by the Hulu Langat District Land Office.
The Board of Directors of DCB wishes to announce that, DICSB, a wholly-owned subsidiary of Dolomite Berhad, which in turn is a wholly-owned subsidiary of DCB, had on 9 August 2016 received a letter from the Hulu Langat District Land Office informing DICSB the approval of the extension of the lease period for the surrender and re-alienation of land PN 6338 Lot 5704, measuring 208,376 square metres, and PN 6339 Lot 5705, measuring 3,147,448 square metres at Mukim Hulu Langat, Hulu Langat District, Selangor by ninety-nine (99) years for industrial purpose ("the Approval"). None of the Directors and/or major shareholders of the Company and/or persons connected with them have any interest, direct or indirect in the Approval. This announcement is dated 15 August 2016.

icy97

Type	Announcement
Subject	OTHERS
Description	DOLOMITE CORPORATION BERHAD ("DCB" OR "THE COMPANY")-  Additional information on approval of the extension of the tenure of the lease involving the surrender and re-alienation of land to Dolomite Industries Company Sdn Berhad ("DICSB") by the Hulu Langat District Land Office.
Further to the announcement made on 15 August 2016, we furnish the following additional information:- (The abbreviations used herein shall have the same meaning in the said announcement unless otherwise stated). INFORMATION ON THE LAND The leasehold land was alienated by the Selangor State Government to DICSB in 1989 for the purpose of carrying out quarry operations.  The tenure of the lease would be expiring on 8 June 2019. DICSB had prior to the end of 2015 submitted an application to the Hulu Langat District Land Office, Selangor ("the Land Office") for the extension of the tenure of the lease involving the surrender and re-alienation of the land.  Based on this application, the Land Office had approved the extension of the tenure of the lease. The Approval was announced on 15 August 2016.  The Approval would allow DICSB to continue its current quarry operations on the land. This announcement is dated 17 August 2016.

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2016	30 Jun 2015	30 Jun 2016	30 Jun 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	35,495	22,393	49,904	46,447
2	Profit/(loss) before tax	1,899	1,966	3,527	4,150
3	Profit/(loss) for the period	653	1,520	1,774	3,062
4	Profit/(loss) attributable to ordinary equity holders of the parent	653	1,865	1,774	3,690
5	Basic earnings/(loss) per share (Subunit)	0.24	0.71	0.66	1.40
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5984		0.5784

哭哭鸟

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2016	30 Sep 2015	30 Sep 2016	30 Sep 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	41,627	21,999	91,531	68,446
2	Profit/(loss) before tax	15,541	9,175	19,068	13,325
3	Profit/(loss) for the period	9,457	8,614	11,231	11,676
4	Profit/(loss) attributable to ordinary equity holders of the parent	9,457	8,903	11,231	12,593
5	Basic earnings/(loss) per share (Subunit)	3.52	3.38	4.18	4.78
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6324		0.5784

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DOLOMITE CORPORATION BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Exercise of Warrants
Details of corporate proposal	Exercise of Warrants-C to ordinary shares
No. of shares issued under this corporate proposal	3,848,842
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.5000
Par Value ($$)	Malaysian Ringgit (MYR)   0.500
Latest issued and paid up share capital after the above corporate proposal in the following
Units	272,578,457
Currency	Malaysian Ringgit (MYR) 136,289,228.500
Listing Date	01 Dec 2016

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2016	31 Dec 2015	31 Dec 2016	31 Dec 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	14,243	25,333	105,774	93,779
2	Profit/(loss) before tax	-7,305	-8,741	11,763	4,584
3	Profit/(loss) for the period	-6,081	-12,507	5,150	-831
4	Profit/(loss) attributable to ordinary equity holders of the parent	-6,081	-12,196	5,150	397
5	Basic earnings/(loss) per share (Subunit)	-2.25	-4.62	1.91	0.15
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5981		0.5784

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Type	Announcement
Subject	OTHERS
Description	DOLOMITE CORPORATION BERHAD ("DCB" OR "THE COMPANY")-  DEFAULT IN PAYMENT PURSUANT TO PARAGRAPH 9.19A OF BURSA MALAYSIA SECURITIES BERHAD'S MAIN MARKET LISTING REQUIREMENTS ("BURSA'S MMLR")
1.         Introduction Pursuant to Paragraph 9.19A of the Bursa’s MMLR, the Board of Directors of DCB (“the Board”) wishes to announce that Dolomite Power-Shandong (HK) Limited (“Shandong (HK)”), a wholly-owned subsidiary of Dolomite Technology (HK) Limited which in turn is a wholly-owned subsidiary of DCB has defaulted in instalment repayments of principal sums in respect of credit facilities granted by a financial institution (“FI”). However, Shandong (HK) was given indulgence by the FI and has not received any letter of demand.  In addition, Shandong (HK) has todate serviced all interest payments as requested by the FI. 2.         Dates of the default in payment The dates of default in instalment repayments of principal sums are 20 October 2016, 20 January 2017 and 20 April 2017. 3.         Reasons for the default Shandong (HK) is unable to repay the instalment of the principal sums due to the following reasons:- (i)         Delay in the completion of the construction of the thermal power plant as a result of the inability of the main contractor to deliver within the agreed time period and the prolonged severe winters, and the longer than expected time required to stabilise the plant; (ii)        Time taken to negotiate with potential steam users on the terms to purchase the steam generated; and (iii)       Delay by authorities in the certification of the thermal power plant resulting in the delay of issuance of the Power Generation Certificate which was only issued on 3 March 2017.  The delay has ultimately derailed the schedule for full commercial production. 4.         Measures taken by the Company to address the default (i)         The Company has engaged in several discussions with the FI prior to the first due date for repayment.  During this period, the Company has agreed to the request of the FI to service interest payments.  The discussion between the Company and the FI includes the request to revise the tenure of the loan and to restructure the loan in order to complement the prolonged completion of the thermal power plant for it to become fully operational; (ii)        The Company has concurrently engaged with another bank to explore alternative refinancing arrangement for the thermal power plant; (iii)       The Company is exploring with potential purchasers who indicated their interest to acquire the thermal power plant; and (iv)       As an alternative, the Company is also looking at monetising certain property assets of the Dolomite group of companies (“the Group”). 5.         Legal implications of the default including the extent of the Company’s liability in respect of the obligations incurred under the agreements for the indebtedness There is no legal implication at this stage as no legal action has been taken by the FI against the Group. The credit facilities are secured against, amongst others, certain assets of the Group and corporate guarantee by the Company. 6.         Business, financial and operational impact of the default on the Company The default in the instalment repayments of principal sums is approximately RM30 million. Although Shandong (HK) has defaulted in the instalment repayments of the principal sums to the FI, the Group is able to continue with its existing business with current resources.  The Group is actively pursuing the measures as mentioned in Item 4 (Measures taken by the Company to address the default) and is expected to resolve the financial position of the Group in the near future.       7.         In the event the default is in respect of secured loan stocks or bonds, the lines of action available to the guarantors or security holders against the listed issuer Not applicable. 8.         In the event the default is in respect of payments under a debenture, to specify whether the default will empower the debenture holder to appoint a receiver and manager Not applicable. 9.         Cross default There is no cross default. 10.       Where the default is in respect of a subsidiary or associated company, a confirmation as to whether the subsidiary or associated company is a major subsidiary or major associated company, as the case may be Shandong (HK) is a major subsidiary. 11.       Where the default is in respect of a listed issuer, major subsidiary or major associated company, as the case may be, a statement as to whether the listed issuer is solvent The Board, after having inquired into the affairs of the Company, is of the opinion that the Company will be able to pay all its debts as and when they fall due within the period of twelve (12) months from the date of this announcement. Accordingly, the Company will provide the Solvency Declaration to Bursa Securities within three (3) market days from the date of this announcement. This announcement is dated 21 April 2017.

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2017	31 Mar 2016	31 Mar 2017	31 Mar 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	21,680	14,409	21,680	14,409
2	Profit/(loss) before tax	-2,500	1,628	-2,500	1,628
3	Profit/(loss) for the period	-3,518	1,121	-3,518	1,121
4	Profit/(loss) attributable to ordinary equity holders of the parent	-3,518	1,121	-3,518	1,121
5	Basic earnings/(loss) per share (Subunit)	-1.29	0.42	-1.29	0.42
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5818		0.5925

icy97

云石机构建议削资
抵销亏损重组财务

2017年6月2日
（吉隆坡1日讯）云石机构（DOLMITE，5835，主板工业产品股）建议进行削减资本活动，以抵销累积亏损及重组财务。

云石机构昨日向交易所报备，目前股本为1亿3645万6853令吉，而截至3月31日未经审核累积亏损则达1亿2453万8229令吉。

该公司将会削减1亿2453万8229令吉的资本，以抵销该笔累积亏损；不过，若亏损增加，削减的资本也会跟着增加。

云石机构指，这将让公司能够更准确地反映出资产价值及财务状况，同时，也能够让公司未来进行发股融资活动，以加强资产负债表。

该公司也将处于更好的位置累积盈利，及提升派息能力。【e南洋】

icy97

Type	Announcement
Subject	OTHERS
Description	DOLOMITE CORPORATION BERHAD (DCB OR THE COMPANY)PROPOSED CAPITAL REDUCTION
On behalf of the Board of Directors of DCB, M&A Securities Sdn Bhd is pleased to announce that the Company is proposing to undertake a capital reduction exercise to reduce the share capital of the Company that has been lost or is unrepresented by available assets to offset the accumulated losses (“Proposed Capital Reduction”). Further details of the Proposed Capital Reduction are disclosed in the attachment herein. This announcement is dated 31 May 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5447661

Attachments Dolomite - Capital Reduction - Announcement.pdf

icy97

Type	Announcement
Subject	OTHERS
Description	DOLOMITE CORPORATION BERHAD ("DCB" OR "THE COMPANY")-  INCORPORATION OF DOLOMITE GRANITE QUARRY SDN. BHD., WHOLLY-OWNED BY DOLOMITE INDUSTRIES COMPANY SDN BERHAD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
The Board of Directors of DCB wishes to announce that Dolomite Granite Quarry Sdn. Bhd. (“DGQSB”), a wholly-owned subsidiary of Dolomite Industries Company Sdn Berhad (“DICSB”), which is a wholly-owned subsidiary of Dolomite Berhad, which in turn is a wholly-owned subsidiary of the Company, was incorporated on 14 June 2017 (“Incorporation”). Information on DGQSB DGQSB was incorporated on 14 June 2017 in Malaysia under the Companies Act 2016. The issued share capital of DGQSB is RM100.00 divided into 100 ordinary shares. The Directors of DGQSB are Mr Lim Beng Keat, Mr Huang Jen Soong and Mr Lew Choong Keong. The intended business activity of DGQSB is quarrying, rough trimming and sawing of monumental and building stone such as marble, granite (dimension stone) and sandstone. Rationale for the Incorporation The Incorporation is intended for DCB to streamline its quarry operations. Directors' and/or Major Shareholders' Interests Mr Lew Choong Keong is the Managing Director of DCB. Mr Lim Beng Keat and Mr Huang Jen Soong are both Non-Executive Directors and major shareholders of DCB. Save as disclosed above, none of the Directors and/or major shareholders of DCB or persons connected with them have any interests, direct or indirect, in the Incorporation. Financial Effects The Incorporation will not have any material effect on the earnings per share and net assets per share of DCB for the financial year ending 31 December 2017. The Incorporation will not have any effect on the share capital, gearing and substantial shareholders’ shareholdings of DCB. Statement by Directors The Board of Directors of DCB is of the opinion that the Incorporation is in the best interest of DCB. This announcement is dated 15 June 2017.

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Expiry/Maturity of the securities

DOLOMITE CORPORATION BERHAD

Instrument Category	Securities of PLC
Instrument Type	Warrants
Type Of Expiry	Expiry/Maturity of the securities
Mode of Satisfaction of Exercise/Conversion price	Cash
Exercise/ Strike/ Conversion Price	Malaysian Ringgit (MYR) 0.5000
Exercise/ Conversion Ratio	1:1
Settlement Type / Convertible into	Physical (Shares)
Last Date & Time of Trading	21 Jul 2017 05:00 PM
Date & Time of Suspension	24 Jul 2017 09:00 AM
Last Date & Time for Transfer into Depositor's CDS a/c	01 Aug 2017 04:00 PM
Date & Time of Expiry	08 Aug 2017 05:00 PM
Date & Time for Delisting	09 Aug 2017 09:00 AM

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5478137

Attachments Dolomite - Notice on Expiry of Warrants (final).pdf

icy97

云石没能力派发优先股股息

2017年8月5日
（吉隆坡4日讯）云石机构（DOLMITE，5835，主板工业产品股）宣布，没有能力派发任何股息给可赎回可转换优先股的股东。

云石机构向交易所报备，由于没有净利及保留盈利，因此，公司无法派息给可赎回可转换优先股的持有者。

截至3月杪首季，营业额虽飙50%至2168万令吉，不过，净亏却达351万8000令吉。【e南洋】

Type	Announcement
Subject	OTHERS
Description	DOLOMITE CORPORATION BERHAD ("DCB" OR "THE COMPANY")-  DIVIDEND IN RESPECT OF REDEEMABLE CONVERTIBLE PREFERENCE SHARES
The Board of Directors of DCB wishes to announce that the Company would not be able to declare any dividend to the holders of Redeemable Convertible Preference Shares for the financial year ending 31 December 2017 as the Company has no available profits and also no retained profits. This announcement is dated 4 August 2017.

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Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-07082017-00001
Subject	DIVIDEND IN RESPECT OF REDEEMABLE CONVERTIBLE PREFERENCE SHARES
Description	DOLOMITE CORPORATION BERHAD ("DCB" OR "THE COMPANY")-  Dividend in respect of Redeemable Convertible Preference Shares ("RCPS")
Query Letter Contents	We refer to your Company's announcement dated 4 August 2017, in respect of the aforesaid matter. It is noted that Dolomite Corporation Berhad (“Dolmite”) has made the following disclosures with regard to the issuance of redeemable convertible preference shares 2012/2017 (“RCPS”):- No. Documents Terms of RCPS 1. Dolmite’s Circular to shareholders dated 7 May 2012 The Rights RCPS shall carry a cumulative dividend rate of 3.5 sen per Rights RCPS  per annum, payable annually in arrears 2. Dolmite’s Article of Association The RCPS shall carry a cumulative dividend rate of 3.5 sen per Rights RCPS  per annum per RCPS outstanding as at each anniversary of the RCPS Issue Date,  payable annually in arrears 3. Dolmite’s announcement to Bursa LINK dated 12 August 2013, 7 August 2014, 7 August 2015 and 9 August 2016 In accordance with Article 7(a) of the Articles of Association of Dolmite, the RCPS shall carry a cumulative dividend rate of 3.5 sen per annum per RCPS outstanding as at each anniversary of the RCPS issue date (9 August 2012) payable annually in arrears Based on the aforesaid representation, kindly furnish Bursa Malaysia Securities Berhad (“Bursa Securities”) with the following additional information for public release within one (1) market day from the date hereof:- 1)      Basis and justification for not declaring any dividend to the holders of RCPS given that there was no disclosures made by Dolmite that the payment of dividend for the RCPS is subject to any laws and regulations. 2)      Confirmation by the Board of Directors of Dolmite on whether Dolmite is in breach of the terms of the RCPS since Dolmite did not represent in any of the documents mentioned above that the declaration of dividends to the holders of RCPS is dependent on Dolmite’s available profit and retained profits. 3)      It is noted that Dolmite has declared and paid preference share dividend of 3.5 sen per RCPS under Single Tier system for the financial years ended from 31 December 2013 to 2016 with the exception of 2017. In this respect, please tabulate and quantify the profits and retained profits as well as the financial period or cut-off date used to determine the profits and retained profits for 2013-2017 and the reasons thereof.
Further to our announcement dated 4 August 2017, the Board of Directors of DCB wishes to provide additional information as per attachment. This announcement is dated 8 August 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5509493

Attachments DCB-RCPS Dividend (Query 07.08.2017).pdf

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DOLOMITE CORPORATION BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Conversion of Preference Shares
Details of corporate proposal	Conversion of redeemable convertible preference shares to ordinary shares
No. of shares issued under this corporate proposal	11,341,260
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.5000
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	284,952,885
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 142,476,442.500
Listing Date	16 Aug 2017

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Name	BONG SIN RUBBER ESTATES COMPANY SDN BERHAD
Address	3rd Floor, Bangunan Lin Ho 15 Jalan Hang Lekiu Kuala Lumpur 50100 Wilayah Persekutuan Malaysia.
Company No.	1497D
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	15 Aug 2017	7,148,842	Others	Direct Interest
	Name of registered holder	Bong Sin Rubber Estates Company Sdn Berhad
	Address of registered holder	3rd Floor, Bangunan Lin Ho, 15 Jalan Hang Lekiu, 50100 Kuala Lumpur
	Description of "Others" Type of Transaction	Conversion of shares

Circumstances by reason of which change has occurred	Conversion of redeemable convertible preference shares ("RCPS") to ordinary shares ("OS")
Nature of interest	Direct Interest
Direct (units)	88,240,342
Direct (%)	30.967
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	88,240,342
Date of notice	15 Aug 2017
Date notice received by Listed Issuer	16 Aug 2017

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2017	30 Jun 2016	30 Jun 2017	30 Jun 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	37,314	35,495	58,994	49,904
2	Profit/(loss) before tax	-2,232	1,899	-4,732	3,527
3	Profit/(loss) for the period	-3,541	653	-7,059	1,774
4	Profit/(loss) attributable to ordinary equity holders of the parent	-3,541	653	-7,059	1,774
5	Basic earnings/(loss) per share (Subunit)	-1.30	0.24	-2.59	0.66
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5675		0.5925

icy97

Type	Announcement
Subject	OTHERS
Description	DOLOMITE CORPORATION BERHAD ("DCB" OR "THE COMPANY")-  DIVIDEND IN RESPECT OF REDEEMABLE CONVERTIBLE PREFERENCE SHARES
Further to the announcements made on 4 August 2017 and 8 August 2017, the Board of Directors of DCB wishes to clarify that the unpaid fixed rate dividends for holders of the Redeemable Convertible Preference Shares ("RCPS") in respect of the financial year ending 31 December 2017 will be carried forward and paid to the holders of the RCPS when the Company has the available profits to make the payment. This announcement is dated 6 September 2017.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2017	30 Sep 2016	30 Sep 2017	30 Sep 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	13,731	41,627	72,725	91,531
2	Profit/(loss) before tax	-13,042	15,541	-17,774	19,068
3	Profit/(loss) for the period	-14,925	9,457	-21,984	11,231
4	Profit/(loss) attributable to ordinary equity holders of the parent	-14,925	9,457	-21,984	11,231
5	Basic earnings/(loss) per share (Subunit)	-5.35	3.52	-8.00	4.18
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5129		0.5925

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Type	Announcement
Subject	OTHERS
Description	DOLOMITE CORPORATION BERHAD ("DCB" OR "THE COMPANY")-  Proposed Temporary Cessation of Operation of Shandong Dolomite Thermal Power Co. Limited, a wholly-owned subsidiary of Dolomite Power-Shandong (HK) Limited, a wholly-owned subsidiary of Dolomite Technology (HK) Limited which in turn is a wholly-owned subsidiary of DCB
Introduction The Board of Directors of DCB wishes to announce that Shandong Dolomite Thermal Power Co. Limited (“SDTPL”), a wholly-owned subsidiary of Dolomite Power-Shandong (HK) Limited, a wholly-owned subsidiary of Dolomite Technology (HK) Limited which in turn is a wholly-owned subsidiary of DCB, which commenced business in the generation of steam and electricity on 3 March 2017 has yet to achieve the required steam sales mainly as a result of the Shandong Government not fully enforcing its directive to shut down small boilers of nearby industries. In view thereof, the Board of Directors of DCB, having taken into consideration of all aspects, has made the decision to temporarily cease the operation of SDTPL with effect from 30 November 2017 (“Proposed Temporary Cessation”). Rationale for the Proposed Temporary Cessation The Proposed Temporary Cessation will give the Shandong Government time to fully enforce the closure of small boilers. Financial Effects The Proposed Temporary Cessation is not expected to have any material effect on the earnings/loss per share and net assets per share of DCB for the financial year ending 31 December 2017. The Proposed Temporary Cessation will not have any effect on the share capital, gearing and substantial shareholders’ shareholdings of DCB. Directors' and/or Major Shareholders' Interests None of the Directors, major shareholders of DCB and/or persons connected with them have any interest, direct or indirect, in the Proposed Temporary Cessation. Approvals and Application to Authorities The Proposed Temporary Cessation is not subject to the approval of the shareholders or any relevant government authorities. Statement by Directors The Board of Directors of DCB, after having considered all aspects of the Proposed Temporary Cessation, is of the opinion that the Proposed Temporary Cessation is in the best interest of the Group. This announcement is dated 29 November 2017.