Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
OZNER WATER INTERNATIONAL HOLDING LIMITED
浩 澤 淨 水 國 際 控 股 有 限 公 司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 2014)
SUPPLEMENTAL ANNOUNCEMENT
IN RELATION TO THE ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2019
Reference is made to the annual report of Ozner Water International Holding Limited (the ''Company'') for the year ended 31 December 2019 (the ''Annual Report''). Unless the context otherwise requires, capitalized terms used herein shall have the same meanings as those defined in the Annual Report.
Further to the information disclosed in the Annual Report, the Company wishes to provide to the Shareholders and the potential investors with the following additional information in relation to the breakdown of other expenses in the Consolidated Statement of Profit or Loss and Other Comprehensive Income.
OTHER EXPENSES
The Company recorded other expenses of RMB1,056.9 million and RMB62.9 million for the years ended 31 December 2019 and 2018, respectively. The detailed breakdown of the other expenses is set out as follows:
Year ended 31 December | ||||
2019 | 2018 | |||
RMB'000 | RMB'000 | |||
Foreign exchange differences, net | 5,375 | 10,805 | ||
Impairment of goodwill | 223,765 | - | ||
Impairment of investments in associates | 80,969 | - | ||
Impairment of trade receivables | 112,553 | 4,239 | ||
Impairment of financial assets included in prepayments, | ||||
other receivables and other assets | 236,897 | - | ||
Impairment of property, plant and equipment | 58,402 | - | ||
Impairment of other intangible assets | 51,674 | - | ||
Provision/(reversal) for write-down of inventories | 74,687 | (7,300) | ||
Loss on disposal of revenue-generating assets | 143,844 | 8,789 | ||
Loss on disposal of items of property, plant and equipment | 2,420 | 1,590 | ||
Fair value change on derivative financial instruments | 18,726 | - | ||
Research and development expenditure | 35,738 | 38,752 | ||
Others | 11,833 | 5,977 | ||
1,056,883 | 62,852 | |||
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The above additional information does not affect other information contained in the Annual Report and, save as disclosed in this announcement, the remaining contents of the Annual Report remain unchanged.
By Order of the Board
Ozner Water International Holding Limited
XIAO Shu
Chairman and Chief Executive Officer
Hong Kong, 31 July 2020
As at the date of this announcement, the executive Directors are XIAO Shu, ZHOU Guanxuan, TAN Jibin and LI Honggao; and the independent non-executive Directors are LAU Tze Cheung Stanley, BAO Jiming, CHAN Yuk Sing Gilbert, and GU Jiuchuan.
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Ozner Water International Holding Ltd. published this content on 31 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 July 2020 14:46:08 UTC