Announcement in Relation to Notice of Compliance Issued By Singapore Exchange Regulation on 29 March 2021
The Board of Directors (the “Board”) of Regal International Group Ltd. (the “Company’’, and together with its subsidiaries, the “Group”) refers to the notice of compliance (the “Notice”) issued by Singapore Exchange Regulation (“SGX RegCo”) on 29 March 2021.
Pursuant to paragraph 6.8 of the Notice, SGX RegCo has directed the Company to obtain and disclose via SGXNet by Friday, 2 April 2021:
(a) detailed explanations from each of the Resigned Directors as to why they consider it proper and appropriate to resign when the Audit Matters have yet to be resolved;
(b) the steps the Company is taking to resolve the bases of the disclaimer of opinion by RSM Chio Lim LLP (“RSM”); and
(c) the expected timeline for these issues to be resolved.
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