General Announcement::No Fund Received for Caymen Island 2018 Registration Fees

Issuer & Securities

Issuer/ Manager
QINGMEI GROUP HOLDINGS LIMITED
Securities
QINGMEI GROUP HOLDINGS LIMITED - KYG730441022 - KT9
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
29-Jun-2018 11:41:46
Status
New
Announcement Sub Title
No Fund Received for Caymen Island 2018 Registration Fees
Announcement Reference
SG180629OTHR8XGR
Submitted By (Co./ Ind. Name)
Calvin Tan
Designation
Independent Director
Effective Date and Time of the event
29/06/2018 17:00:00
Description (Please provide a detailed description of the event in the box below)
The Audit Committee would like to update all shareholders that, for the year 2018 up till now, numerous phone calls and text messages had been taken place between the AC and the management of Qingmei. Unfortunately, to date, AC was informed that the Company has not been able to raise funds to pay for its annual registration fees for the Offshore Cayman 2018 registration fees.
The agent acting for the offshore registrar has issued a final reminder letter to the Company and stated that if no payment of USD$8,174.90 (inclusive of all the penalty late payments) by 18th July 2018, Conyers Trust Cayman will terminate its services and cease to be the Company's offshore registered office. The management has been informed of the letter and the AC shall continue to monitor and communicate with the management to resolve this urgent matter.