General Announcement::Update on Report filed with PRC Authorities
Issuer & Securities
CHINA ENVIRONMENT LTD.
CHINA ENVIRONMENT LTD. - SG1Y42946521 - 5OU
Date &Time of Broadcast
Announcement Sub Title
Update on Report filed with PRC Authorities
Submitted By (Co./ Ind. Name)
Corp Affairs Manager
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of China Environment Ltd. ("The Company") refers to the announcement of the Company on 6 February 2017 for Legal Action in response to Civil Cases.
The Company wishes to update on the report filed with PRC authorities. The Company has on 29 June 2018 provided evidence from a PRC legal firm to the authorities, in which the PRC lawyer has in the due diligence investigation report issued opine that transactions made between the Company's subsidiaries and Bengbu Xingyuan Environmental Protection Technology Co., Ltd ("BBXY") are not genuine. BBXY refers also to Bengbu Xingyuan Environmental Protection Technology Co., Ltd mentioned in the announcements on 24 August 2016, 25 November 2016 and 7 June 2017.
The Company is still awaiting update from the PRC authorities on the legal firm findings and will update the shareholders as and when the Company receives further updates from the PRC authorities.