As PCC today announces certain of its consolidated financial information, the Company makes this announcement in order to ensure that timely information are disseminated to investors in compliance with paragraph 13.09(2) of the Listing Rules and Part XIVA of the SFO.
For the purposes of the International Accounting Standards, Yue Yuen Industrial (Holdings) Limited (the ''Company'') is regarded as a subsidiary of Pou Chen Corporation (''PCC''), a company listed on the Taiwan Stock Exchange Corporation (''TSEC''), which is now indirectly holding a controlling interest in the Company through its subsidiaries.
Pursuant to the Taiwan Stock Exchange Corporation Regulations Governing Information Reporting by Listed Companies (as amended from time to time) (the ''Taiwan Stock Exchange Regulations''), PCC is required to issue an announcement of its preceding month's consolidated revenue before the 10th day of each calendar month with TSEC.
The purpose of this announcement is to disclose simultaneously the related financial information of the Company as consolidated in the said monthly consolidated revenue of PCC to the Hong Kong public in order to ensure that timely information are disseminated to investors, in compliance with paragraph 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (''Listing Rules'') and Part XIVA of the Securities and Futures Ordinance (Cap.571) (''SFO''). The following items are extracted from the unaudited management accounts of the Company and its subsidiaries.
* for identification purposes only
Month: February 2014
Net consolidated operating revenue (i.e. equal to the total sales less sales discount and sales return) of the Company for the current month (USD'000): 496,608
Net consolidated accumulative operating revenue of the Company for the two months ended
28th February, 2014 (USD'000): 1,186,691
Balance of consolidated amount of loan (i.e. loan made from the Company to any company or firm due to business transactions with such company or firm) of the Company for operating activities for the current month (USD'000): Nil
Balance of consolidated amount of loan (i.e. loan made from the Company to any company or firm due to necessary short-term financing purpose) of the Company for short-term loan for the current month (USD'000): Nil
Balance of consolidated amount of loan of the Company for the current month (USD'000): Nil
Increase or decrease in consolidated amount of endorsement and guarantee of the Company for the current month (USD'000): +4,002
Balance of consolidated amount of endorsement and guarantee of the Company for the current month (USD'000): 96,816
By Order of the Board Tsai Chi Neng Chairman
About Yue Yuen:
Yue Yuen Industrial (Holdings) Limited is an investment holding company. The Company, along with its subsidiaries, is principally engaged in manufacturing, marketing and retailing of athletic footwear, athletic style leisure footwear, casual and outdoor footwear. The Company operates in two segments: manufacturing segment, which manufactures and sells footwear products, and retailing segment, which engages in the retail and distribution of sportswear products. During the fiscal year ended September 30, 2011, the Company produced 326.6 million pairs of shoes. On 1st April, 2011, the Company acquired 75% equity interest in Yi Sheng Leather Co., Ltd. The Company’s subsidiaries include A-Grade Holdings Limited, Bangladesh Pou Hung Industrial Ltd, Baosheng Daoji (Beijing) Trading Company Limited, Baoxin (Chengdu) Trading Company Limited, Bestful Properties Limited and Champolian Investments Inc., among others.
Website: http://www.yueyuen.com
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