Fabchem China: Monthly Asset Valuation and Cash Use for the Month of March 2022

FABCHEM CHINA LIMITED (Company Registration No: 200413128G) (Incorporated in the Republic of Singapore)

MONTHLY VALUATION OF ASSETS AND USE OF CASH

FOR THE MONTH OF MARCH 2022

Board of directors (“Plank” or “Directors“) of Fabchem China Limited (“Company) wishes to announce the following pursuant to Rule 1018(1)(b) of the Singapore Stock Exchange Securities Trading Limited (“SGX-ST“) Rating Manual.

(a)

Of the society the assets and liabilities as of March 31, 2022 are as follows:

ASSETS

Right-of-use assets

7

Other debtors

156

other assets

39

Cash and bank balances

429

Total assets

631

LIABILITIES

Suppliers and other creditors

(441)

Rental liability

(7)

Total responsibilities

(448)

NET ASSETS

183

(b)

The use of cash by the Company during the month of March 2022 was as follows:

S$’000

Cash and opening bank balances as of March 1, 2022

451

Less:

General and administrative expenses (1)

(22)

Closing cash and bank balances as of March 31, 2022

429

S$’000

(1) Includes expenses for salaries and CPF, rental, printing and stationery, overhead, and other registration-related expenses.

All figures presented in this announcement have not been reviewed or audited by the Company’s auditors.

By order of the council

Wee Phu Gam

Interim Chairman and Lead Independent Director April 27, 2022

Warning

Fabchem China Limited published this content on April 27, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on Apr 27, 2022 10:04:19 AM UTC.