EZRA HOLDINGS LIMITED

(Incorporated in the Republic of Singapore) (Company Registration Number: 199901411N)

  1. GRANT OF EXTENSION OF TIME TO HOLD THE ANNUAL GENERAL MEETING OF EZRA HOLDINGS LIMITED FROM THE ACCOUNTING AND CORPORATE REGULATORY AUTHORITY ("ACRA")
  2. APPLICATION FOR EXTENSION OF TIME TO ANNOUNCE EZRA HOLDINGS LIMITED'S UNAUDITED FINANCIAL STATEMENT FOR THE FIRST FINANCIAL QUARTER ENDED 30 NOVEMBER 2016
  3. APPLICATION FOR FURTHER EXTENSION TO HOLD THE ANNUAL GENERAL MEETING (THE "AGM") OF EZRA HOLDINGS LIMITED
  1. GRANT OF EXTENSION OF TIME TO HOLD THE ANNUAL GENERAL MEETING OF EZRA HOLDINGS LIMITED FROM ACRA

    The Board of Directors (the "Board") of Ezra Holdings Limited (the "Company", together with its subsidiaries and associated companies, the "Group") refers to the announcement by the Company on 22 December 2016 in relation to its application to, among others, ACRA under Sections 175(2) and 201(4) of the Companies Act, Chapter 50 of Singapore for approval of an extension of time to hold its AGM and to present its audited financial statements for the full financial year ended 31 August 2016 (the "Audited Financial Statements for FY2016") at the AGM.

    The Board wishes to inform that ACRA has in its letter dated 10 January 2017 granted the Company an extension of time to hold the AGM by 1 March 2017 and to lay the Audited Financial Statements for FY2016 at such AGM.

  2. APPLICATION FOR EXTENSION OF TIME TO ANNOUNCE THE COMPANY'S UNAUDITED FINANCIAL STATEMENT FOR THE FIRST FINANCIAL QUARTER ENDED 30 NOVEMBER 2016

    The Board of the Company wishes to also announce that the Company had applied to the Singapore Exchange Securities Trading Limited (the "SGX-ST") seeking from the SGX-ST a 30-day extension to announce the Group's unaudited financial statement for the first financial quarter ended 30 November 2016 (the "Financial Statement for 1Q2017").

    Rule 705(2) of the Listing Manual of the SGX-ST provides that "an issuer must announce the financial statements for each of the first three quarters of its financial year (as set out in Appendix 7.2) immediately after the figures are available, but in any event not later than 45 days after the quarter end …". Based on the rule, the Company would need to announce and release the Financial Statements for 1Q2017 on SGXNET on or before 14 January 2017.

    As previously announced by the Company on 29 November 2016 in relation to the release of its unaudited financial statements for the financial year ended 31 August 2016, the Group was, and is currently, in discussions with various stakeholders and consolidating its funding requirements. In the event that this effort does not achieve a favourable and timely outcome, the Group will be faced with a going concern issue. Such discussions are ongoing for the Group. Outcome of the discussions may materially impact businesses and operations of the Group, and consequently, its Financial Statement for 1Q2017. The Company currently expects such discussions to be completed within this period.

    As a result of the above, the Financial Statement for 1Q2017 would not be announced by the Company by 14 January 2017. The Company will update shareholders on the SGX-ST's decision on the application for extension of time to announce the Financial Statement for 1Q2017 in due course.

  3. APPLICATION FOR FURTHER EXTENSION TO HOLD THE ANNUAL GENERAL MEETING (THE "AGM") OF EZRA HOLDINGS LIMITED

The Board of the Company wishes to also announce that the Company had applied to the SGX-ST for a further 90-day extension to hold its AGM and present the Audited Financial Statements for FY2016 for the same reason set out in Paragraph 2 above. The Company will also write to ACRA to apply for an extension of time.

As a result of the above, the Company's AGM may not be held by 1 March 2017. The Company will update shareholders on results of the applications to the SGX-ST and ACRA for extension of time to hold its AGM and present the Audited Financial Statements for FY2016 in due course.

By Order of the Board

Shannon Ong Company Secretary 11 January 2017

Ezra Holdings Limited published this content on 11 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 January 2017 10:48:11 UTC.

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