Sino Grandness

[Boon]

Hi Mr Boon

Can you let us know why you deleted the underlined portion of the definition on "net profit":  

“Net Profit” means, with respect to a financial quarter or a financial year of the HK Issuer, the consolidated net profits of the HK Issuer and its subsidiaries after taxation, interest, depreciation and amortisation with respect to such financial quarter or year, as applicable, as confirmed by the audited accounts of the HK Issuer. For the avoidance of doubt, costs and expenses incurred in connection with the Qualifying IPO and any extraordinary items shall not be taken into account in determining “Net Profit”.

Hi Young Investor,

See page 6 of the July 4 circular on definition of "Net Profit" which says:

Net Profit = "With respect to a financial quarter or a financial year of the HK Issuer, the consolidated net profits of the HK Issuer and its subsidiaries after taxation, interest, depreciation and amortisation with respect to such financial quarter or year, as applicable, as confirmed by the audited accounts of the HK Issuer "

Did I delete or add anything to it? Ha-ha!
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