Fabchem China: Monthly Asset Valuation and Use of Cash for the Month of February 2022

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FABCHEM CHINA LIMITED (Company Registration No: 200413128G) (Incorporated in the Republic of Singapore)

MONTHLY VALUATION OF ASSETS AND USE OF CASH

FOR THE MONTH OF FEBRUARY 2022

Board of directors (“Plank” Where “Directors“) of Fabchem China Limited (“Company) wishes to announce the following pursuant to Rule 1018(1)(b) of the Singapore Stock Exchange Securities Trading Limited (“SGX-ST“) Rating Manual.

(a)

Of the society the assets and liabilities as of February 28, 2022 were as follows:

S$’000

ASSETS

Right-of-use assets

ten

Other debtors

145

other assets

46

Cash and bank balances

451

Total assets

652

LIABILITIES

Suppliers and other creditors

(217)

Rental liability

(11)

Total responsibilities

(228)

NET ASSETS

424

(b)

The use of cash by the Company during the month of February 2022 was as follows:

S$’000

Cash and opening bank balances as of February 1, 2022

487

Less:

General and administrative expenses (1)

(36)

Closing cash and bank balances as of February 28, 2022

451

(1) Includes expenses for salaries and CPF, rental, printing and stationery, overhead and other incidental expenses related to holding general meetings and other expenses related to registration.

All figures presented in this announcement have not been reviewed or audited by the Company’s auditors.

By order of the council

Wee Phu Gam

Acting Chairman and Lead Independent Director March 25, 2022

Warning

Fabchem China Limited published this content on March 25, 2022 and is solely responsible for the information contained therein. Distributed by publicunedited and unmodified, on March 25, 2022 09:45:04 UTC.

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