Emphasis of Matter on the Audited Financial Statements for the Financial Year Ended 31 December 2018 / 截至2018年12月31日止財務年度 經審核財務報表之強調事項
Pursuant to Rule 704(5) of the Listing Manual of the Singapore Exchange Securities Trading Limited, The Board of Directors (the “Board”) of Regal International Group Ltd. (“Company”, and together with its subsidiaries, “Group”) wishes to inform that the independent auditors of the Company, RSM Chio Lim LLP (“Auditors”) have included an emphasis of matter in the Independent Auditors’ Report in respect of material uncertainty related to going concern on the audited financial statements of the Company and its subsidiaries for the financial year ended 31 December 2018 (“FY2018”). The Auditors’ opinion is not modified in respect of this matter.
Extracts of the emphasis of matter in the Independent Auditors’ Report and the related notes of the audited financial statements for FY2018 are attached to this announcement as “APPENDIX I”.
In the opinion of the Directors, the Group will be able to continue as a going concern as there are reasonable grounds to believe that the Group will be able to pay its debts as and when they fall due as the Group is expected to be able to generate sufficient cash flows from its operations as well as secure the support from its principal bankers and other stakeholders.
Shareholders are advised to read the Independent Auditors’ Report and the audited financial statements for FY2018 contained in the Annual Report FY2018, which will be released on SGXNET in due course.
依據新加坡證券交易所有限公司上市手冊第704(5)條，Regal International Group Ltd.（簡稱“公司”，及其子公司統稱“集團”）的董事會（簡稱“董事會”)謹此通知，本公司獨立審計師RSM Chio Lim LLP（“審計師”）於集團截止2018年12月31日止財政年度(“FY2018”)經審核財務報表之獨立審計師報告中就本集團持續經營能力之重大不確定性涵括強調事項。審計師意見並無就此事進行修改。
摘錄FY2018獨立審計師報告中的強調事項和經審計財務報表的附註於本公告中的 “附錄1”。
集團董事認為，集團將能夠繼續持續經營，亦有合理理由相信公司將能夠在到期時支付其債務，並預期集團將能夠從其運營中產生足夠的現金流量，及獲得其主要銀行和其他利益相關者的支持。
建議公司股東參閱FY2018年度報表內之獨立審計師報告摘要及經審計財務報表，該年報將适时於SGXNET發佈。
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