CHINA ESSENCE GROUP LTD. (Incorporated in the Cayman Islands) (Registration No. CT-152302)
The Board of Directors of China Essence Group Ltd (the "Company", or together with its subsidiaries, the "Group") refers to the announcement dated 3 June 2014 in relation to the Company being placed on the watch-list. Pursuant to Rule 1313(2) of the Listing Manual which requires the Company to provide a quarterly update on its financial situation, including its future direction, or other material development that may have significant impact on its financial position, the Board wishes to provide the following update on the Group for the quarter ended December 2015.
For the three-months ended 31 December 2015 ("3Q FY2016"), the Group is not able to finalise and announce its third quarter financial statements as the Company is unable to obtain full information on the state of affairs of the Group from Mr Zhao Libin, the former Executive Chairman/ Chief Executive Officer of the Group ("CEO"), or the management of the Company. Both the former Executive Chairman /CEO and management have continued to remain uncontactable.
Saved as disclosed above, there is no material development that may have significant impact on the Group.
The Board will make announcement as and when there is any material development on the Group.
On behalf of the Board Ho Soo Jeow Eric Executive Director
12 February 2016
China Essence Group Ltd. issued this content on 12 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 February 2016 10:07:19 UTC
Original Document: http://chinaessence.listedcompany.com/newsroom/20160212_175335_G54_ZQADQJ0CNYKDZ9VB.1.pdf
