【NCT 0056 交流专区】（前名 GRANFLO ）

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31/12/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2014	31/12/2013	31/12/2014	31/12/2013
		$$'000	$$'000	$$'000	$$'000

1	Revenue	35,563	29,521	85,638	89,603
2	Profit/(loss) before tax	3,132	2,239	9,213	14,089
3	Profit/(loss) for the period	1,918	1,417	7,587	12,966
4	Profit/(loss) attributable to ordinary equity holders of the parent	777	1,436	6,159	12,968
5	Basic earnings/(loss) per share (Subunit)	0.21	0.47	1.80	4.02
6	Proposed/Declared dividend per share (Subunit)	0.00	1.00	0.00	1.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.2740		0.2659

icy97

Expiry/Maturity of the securities

GRAND-FLO BERHAD

Type of Securities	Warrants
Type of Expiry	Expiry/Maturity of the securities
Mode of Satisfaction of Exercise/Conversion Price	Cash
Exercise/Strike/Conversion Price	MYR 0.1200
Exercise/ Conversion Ratio	1:1
Settlement Type/ Convertible into	Physical (Shares)
Last Date & Time for Trading	03/04/2015 05:00 PM
Date & Time of Suspension	06/04/2015 09:00 AM
Last Date & Time for Transfer into Depositor's CDS a/c	14/04/2015 04:00 PM
Date & Time of Expiry	21/04/2015 05:00 PM
Date & Time of Delisting	22/04/2015 09:00 AM

Attachments Grand-Flo Bhd - Notice to warrant holders.pdf

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1907957

---

Announcement Info

Company Name	GRAND-FLO BERHAD
Stock Name	GRANFLO-WA
Date Announced	19 Mar 2015
Category	Expiry / Maturity / Termination of Securities
Reference No	CM-150318-63877

icy97

Whether the corporate proposal involves the issuance of new type and new class of securities?	No
Types of corporate proposal	Others
Details of corporate proposal	Conversion of warrants 2010/2015 to ordinary shares
No. of shares issued under this corporate proposal	16,587,200
Issue price per share ($$)	MYR 0.120
Par Value ($$)	MYR 0.100
Latest issued and paid up share capital after the above corporate proposal in the following
Units	401,115,575
Currency	MYR 40,111,557.500
Listing Date	03/04/2015

icy97

Whether the corporate proposal involves the issuance of new type and new class of securities?	No
Types of corporate proposal	Others
Details of corporate proposal	Conversion of warrants 2010/2015 to ordinary shares
No. of shares issued under this corporate proposal	15,653,000
Issue price per share ($$)	MYR 0.120
Par Value ($$)	MYR 0.100
Latest issued and paid up share capital after the above corporate proposal in the following
Units	416,768,575
Currency	MYR 41,676,857.500
Listing Date	09/04/2015

icy97

GRAND-FLO BERHAD

1. Details of Corporate Proposal
Whether the corporate proposal involves the issuance of new type and new class of securities?	No
Types of corporate proposal	Others
Details of corporate proposal	Conversion of warrants 2010/2015 to ordinary shares
No. of shares issued under this corporate proposal	22,130,300
Issue price per share ($$)	MYR 0.120
Par Value ($$)	MYR 0.100
Latest issued and paid up share capital after the above corporate proposal in the following
Units	439,384,275
Currency	MYR 43,938,427.500
Listing Date	17/04/2015

icy97

GRAND-FLO BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Exercise of Warrants
Details of corporate proposal	Conversion of warrants into ordinary shares
No. of shares issued under this corporate proposal	16,576,636
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.1200
Par Value ($$)	Malaysian Ringgit (MYR)   0.100
Latest issued and paid up share capital after the above corporate proposal in the following
Units	455,960,911
Currency	Malaysian Ringgit (MYR)
Listing Date	21 Apr 2015

icy97

Type	Announcement
Subject	OTHERS
Description	GRAND-FLO BERHAD ("GRAND-FLO" OR "THE COMPANY")-PROPOSED FINAL SINGLE TIER DIVIDEND FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2014
The Company is pleased to announce that the Board of Directors of GRAND-FLO (“the Board”) has recommended a final single tier dividend of one (1) sen per share for the financial year ended 31 December 2014. The proposed final dividend is subject to the approval of shareholders of the Company at the forthcoming Annual General Meeting The entitlement and payment dates shall be finalised by the Company at a later date and announced in due course. The dividend proposed is in line with the dividend policy adopted by the Company which aims to distribute to its shareholders a minimum of 20% of the Group’s net profits for each financial year. Whilst the Board believes in rewarding the Company’s shareholders with steady returns on their investments and attracting potential long term investors, the Board is mindful that adequate working capital and reserves shall be set aside for capital investments and future potential growth, taking into consideration the global economic conditions. This announcement is dated 20 April 2015.

icy97

Name	GRAND-FLO CORPORATION SDN. BHD.
Address	Third Floor, No. 79 (Room A) Jalan SS 21/60, Damansara Utama Petaling Jaya 47400 Selangor Malaysia.
NRIC/Passport No/Company No.	445780-X
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	Ordinary shares of RM0.10 each
Name & address of registered holder	Grand-Flo Corporation Sdn. Bhd.Third Floor, No. 79 (Room A)Jalan SS 21/60, Damansara Utama47400 Petaling Jaya, Selangor

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Others	15 Apr 2015	18,602,100
Others	16 Apr 2015	471,636
Others	16 Apr 2015	5,691,200

Circumstances by reason of which change has occurred	Conversion of Warrants 2010/2015 into ordinary shares
Nature of interest	Direct
Direct (units)	73,861,852
Direct (%)	16.097
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	73,861,852
Date of notice	22 Apr 2015

icy97

Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Exercise of Warrants
Details of corporate proposal	Conversion of warrants into ordinary shares
No. of shares issued under this corporate proposal	20,678,500
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.1200
Par Value ($$)	Malaysian Ringgit (MYR)   0.100
Latest issued and paid up share capital after the above corporate proposal in the following
Units	482,515,311
Currency	Malaysian Ringgit (MYR)
Listing Date	28 Apr 2015

icy97

GRAND-FLO BERHAD

EX-date	04 Jun 2015
Entitlement date	08 Jun 2015
Entitlement time	04:00 PM
Entitlement subject	Final Dividend
Entitlement description	Final Single Tier Dividend of 1 sen per ordinary share
Period of interest payment	to
Financial Year End	31 Dec 2014
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	TRICOR INVESTOR SERVICES SDN BHD (UNSPECIFIED)Level 17, The Gardens North TowerMid Valley City, Lingkaran Syed Putra59200Kuala LumpurTel:0322643883Fax:0322821886
Payment date	22 Jun 2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	08 Jun 2015
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.0100
Par Value	Malaysian Ringgit (MYR) 0.100

icy97

宏流爭消費稅商機

2015-05-02 15:41      
（吉隆坡2日訊）雖然科技聯合電子業務方案公司宏流（GRANFLO,0056,主板科技組）被視為不可能從消費稅措施受惠，不過，該公司董事經理陳木豐指出，由於公司採用營業隊伍自動化（SFA）方案，使到其客戶得以一次過取回所付的銷項稅。

他補充：“許多人低估索回消費稅的重要，這項任務必須電腦化，因為不太可能以人手完成操作，假如慢慢處理索回的程序，將導致企業面臨現金流轉問題。”

宏流的營業隊伍自動化方案稱為“管理銷售”，讓業者可以迅速處理他們的進項稅，以最早的日期進行申報。

鑒於該項方案已經附有消費稅，銷售與管理隊伍不需多做計算的工作，他們可以向政府迅速取回消費稅的申領。

陳木豐繼稱，新的稅務架構讓宏流受惠，在截至2015年3月31日的首季，消費稅的效應料將讓公司的營業額取得有史以來的最高紀錄。

2014年首季，公司的業績並不理想，營業額下跌至1千420萬令吉，比前期的1千890萬令吉大約減少25%；不過，在截至2014年12月31日的財政年，宏流取得610萬令吉的凈盈利，並且宣佈分發每股1仙的股息，該公司的政策是將凈盈利的20%分發給股東。（星洲日報／財經‧The Edge專版）

icy97

放眼今年业绩更佳 宏流冀产业贡献50%

财经新闻 财经  2015-05-26 12:25
（吉隆坡25日讯）宏流（GRANFLO，0056，主板科技股）放眼今年业绩表现比去年更好，并看好产业对营业额的贡献提高至50%。

宏流集团总裁兼董事经理陈木丰在股东大会后，对媒体表示，今年公司首季净赚502万9000令吉，相等于去年全年667万令吉的75%。

“因此，我们相信今年表现比去年更好。”

陈木丰表示，上财年产业业务贡献营业额约20%，今年期望此业务能贡献50%。

目前，宏流旗下两项产业项目，槟城Vortex商业园区和The Glades住宅区认购率达70%，未入账销售约7810万令吉，可持续贡献至2017年。

持续寻找土地

“我们期望这两个项目在2017年竣工。”

根据文告，Vortex商业园区发展总值约2亿2000万令吉，而The Glades住宅区约6300万令吉。

陈木丰指出，虽然公司持续寻找合适的土地，但产业市场疲软，所以行动必须谨慎。

“我们持续在槟城和巴生谷寻找合适的土地。”

今日出席记者会者，还包括宏流执行董事郑秉亮和叶莉莉。

消费税带动追踪方案

由于政府实施消费税，因此宏流旗下的追踪方案（tracking solution）业务，有望获得增长。

郑秉亮指出，消费税实施带动业务成长，目前合约订单约1400万令吉。

“这项业务，每年可带来持续性收入和正面贡献。”

他表示，公司将瞄准中小企业客户，如制作快速消费品（FMCG）、食物或饮料等相关领域的客户。

根据文告，受追踪方案业务和产业业务带动，宏流截至3月31日，首季净利达502万9000令吉，上涨50.5%，或相等于每股盈利1.36仙。上财年同期为334万1000令吉，或1.02仙。

当季营业额为2722万1000令吉，上涨91.7%，上财年同期录得1420万1000令吉。

针对泰国联号Simat科技公司，陈木丰表示，看好今年该公司转亏为盈。

“截至本月，Simat科技已获6000名订户，我们期望今年订户可增加至1.2万名。”【南洋网财经】

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2015	31 Mar 2014	31 Mar 2015	31 Mar 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	27,221	14,201	27,221	14,201
2	Profit/(loss) before tax	6,288	3,427	6,288	3,427
3	Profit/(loss) for the period	5,640	3,334	5,640	3,334
4	Profit/(loss) attributable to ordinary equity holders of the parent	5,029	3,341	5,029	3,341
5	Basic earnings/(loss) per share (Subunit)	1.36	1.02	1.36	1.02
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.2769		0.2755

icy97

Date of change	25 May 2015
Name	Mr CHUAH CHEW HAI
Age	52
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Appointment
Qualifications	Diploma in Technology (Building) from Tunku Abdul Rahman College
Working experience and occupation	He has more than 20 years of experience in the construction and property development industry. Together with his spouse, Ms. Chong Poh Yoong, they founded Metrio group of companies in October 2002, which are principally involved in property development.Prior to Metrio Group, Mr. Chuah was with ABT Construction Sdn Bhd from 1986 to 1988 as a quantity surveyor. He joined Wah Bee Construction Engineering Sdn Bhd in 1989 as a quantity surveyor.From 1991 to 1992, Mr. Chuah was a Construction Manager in Oriental Max Sdn Bhd. He then joined Panther Construction from 1993 to 2002 as a partner where he was responsible for managing its operations and oversaw the tendering of projects, resource planning and costing.His extensive experience and knowledge in construction and development industry has driven Metrio group of companies to become a leading property developer in the northern region of Peninsular Malaysia.
Directorship of public companies (if any)	NIL
Family relationship with any director and/or major shareholder of the listed issuer	NIL
Any conflict of interests that he/she has with the listed issuer	NIL
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct interest: 6,765,000Indirect interest: 29,412,165
Due Date for MAP	25 Sep 2015

icy97

房产业务报捷 宏流次季净利翻4.26倍

财经新闻 财经  2015-08-26 11:38
（吉隆坡25日讯）产业发展业务带动，宏流（GRANFLO，0056，主板科技股）截至6月30日次季，净利暴涨426%，至93万1000令吉，或每股0.20仙。

根据文告，去年同期的净利为17万7000令吉，或相等每股0.05仙。同时，营业额也从1655万7000令吉，按年增22.3%，至2025万令吉。

这归功于产业发展业务的更高入账，贡献22.1%，或450万令吉的营收；另外，追踪解决方案和标签业务，贡献1580万令吉。

首半年方面，净利报596万令吉，涨幅达67%，每股净利1.37仙；营业额则录得54.34%的涨幅，达4747万1000令吉。

宏流目前在槟岛进行两项工程，为发展总值达2亿2000万令吉的Vortex商业园，首期认购率达71%，以及有地住宅The Glades，发展总值6300万令吉，首期已卖出21%。

7650万销售未入账

总裁兼董事经理陈木丰指出，虽然房市展望充满挑战，但买家看好槟岛的增长前景，因而提振公司的认购率。

截至次季，宏流未入账销售达7650万令吉，可确保直至2017年的获利能力。【南洋网财经】

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2015	30 Jun 2014	30 Jun 2015	30 Jun 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	20,250	16,557	47,471	30,758
2	Profit/(loss) before tax	1,964	265	8,252	3,680
3	Profit/(loss) for the period	1,604	174	7,244	3,496
4	Profit/(loss) attributable to ordinary equity holders of the parent	931	177	5,960	3,506
5	Basic earnings/(loss) per share (Subunit)	0.20	0.05	1.37	1.07
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.2299		0.2755

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2015	30 Sep 2014	30 Sep 2015	30 Sep 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	32,908	19,317	80,379	50,075
2	Profit/(loss) before tax	4,879	2,401	13,130	6,081
3	Profit/(loss) for the period	4,014	2,173	11,259	5,669
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,858	1,876	8,818	5,382
5	Basic earnings/(loss) per share (Subunit)	0.59	0.54	1.83	1.61
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.2370		0.2755

APULA

宏流捕捉電子商機
2016-02-13 16:58      
http://biz.sinchew.com.my/node/131222?tid=6

（吉隆坡13日訊）在2013年進軍房地產市場的追蹤方案供應商宏流（GRANFLO,0056,主板科技組），目前雖可能因房產市場放緩而面對銷售疲弱窘境，幸運的是，電子商務崛起刺激了該公司傳統業務——企業資料收集與對照系統（EDCCS）的銷售表現。

電子商務刺激傳統業務

宏流總裁兼董事經理陳木豐表示，集團希望從本地貿易和快郵服務供應商手中贏得更多計劃，因這些公司需方案來追蹤包裹。

“網上購物是我們的機會，因為將創造龐大的物流和運送服務需求，這市場正在壯大，公司有能力捕捉相關機會。＂在2004年上市的宏流，業務主要是提供數據管理與結合方案給各領域業者，包括快速消費品、金融機構、教育團體、跨國公司和政府相關公司。

目前，大馬EDCCS市場規模約為1億令吉，宏流掌握其中40至50%市佔率，是最大的EDCCS業者，陳木豐認為這有助建立公司的競爭優勢，因多數公司比較喜歡和頂級業者合作。

產業業務遇阻力

另一方面，宏流的產業業務面對阻力，旗下兩項產業計劃的訂購率目前仍低於管理層的預期；當中，在2014年8月推介的Vertox，至今只賣出70%，去年2月推出的The Glades更只有20%訂購率。

陳木豐表示，公司目前打算以先建後售方式執行T h eGlades，並會在農曆新年期間重新包裝和推介有關產業計劃，希望能刺激銷售表現。

他還預見，產業業務將佔2016財政年營業額和盈利的一半，其餘一半則來自方案業務。（星洲日報／財經‧The Edge專版）

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2015	31 Dec 2014	31 Dec 2015	31 Dec 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	40,539	35,558	120,918	85,633
2	Profit/(loss) before tax	5,467	3,107	18,597	9,188
3	Profit/(loss) for the period	4,801	2,432	16,060	8,101
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,049	2,135	11,867	6,673
5	Basic earnings/(loss) per share (Subunit)	0.63	0.54	2.46	1.95
6	Proposed/Declared dividend per share (Subunit)	0.00	1.00	0.00	1.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.2532		0.2755

icy97

Type	Announcement
Subject	OTHERS
Description	GRAND-FLO BERHAD ("Grand-Flo" or "the Company")- Extension of Profit Guarantee period to include financial period commencing 1 January 2016 and ending 31 December 2016
Reference is made to the announcements dated 25 April 2014, 20 June 2014, 11 July 2014, 25 July 2014, 12 August 2014, 20 August 2014 and 21 August 2014 in relation to the acquisition of 50.0004% of Innoceria Sdn Bhd (“ISB”) which was completed on 21 August 2014 (the “Acquisition”). The Acquisition involved the acquisition by Grand-Flo of 125,001 ordinary shares of RM1.00 each in ISB, representing 50.0004% of the total issued and paid-up share capital of ISB from Chuah Chew Hai and Chong Poh Yoong (the “Vendors”) for a total purchase consideration of RM15.0 million satisfied by an issuance and allotment of 29,411,765 new Grand-Flo Shares at an issue price of RM0.34 per Grand-Flo share and cash of RM5.0 million. The Vendors also irrevocably covenant, warrant and guarantee to Grand-Flo that ISB shall have an aggregate audited Profit After Tax (“PAT”) of at least RM15.0 million ("Profit Guarantee") as follows: RM5.0 million for the financial period commencing 1 January 2014 and ended 31 December 2014 (“Year 1 Guaranteed PAT”);and RM10.0 million for the financial period commencing 1 January 2015 and ending 31 December 2015 (“Year 2 Guaranteed PAT”) The Board of Directors of Grand-Flo wishes to announce that the Profit Guarantee to Grand-Flo by the Vendors to have an aggregate audited Profit After Tax of at least RM15 million shall be extended to include financial period commencing 1 January 2016 and ending 31 December 2016. This agreement was reached after reasonable consideration of the unexpected longer gestation period in the development business which was not foreseen at the time of the Acquisition. This announcement is dated 25 March 2016.

icy97

Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-29032016-00005
Subject	EXTENSION OF PROFIT GUARANTEE PERIOD TO INCLUDE FINANCIAL PERIOD COMMENCING 1 JANUARY 2016 AND ENDING 31 DECEMBER 2016 ("PROFIT GUARANTEE")
Description	EXTENSION OF PROFIT GUARANTEE PERIOD TO INCLUDE FINANCIAL PERIODCOMMENCING 1 JANUARY 2016 AND ENDING 31 DECEMBER 2016 ("PROFIT GUARANTEE")
Query Letter Contents	We refer to your Company’s announcement dated 25 March 2016, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1.            The details of the extended Profit Guarantee. 2.            To quantify the amount of audited profit after tax of Innoceria Sdn Bhd for the financial years ended 31 December 2014 and 31 December 2015 respectively.
We refer to Bursa Malaysia Securities Berhad’s (“Bursa Malaysia”) query letter dated 29 March 2016 on the above matter and furnish below the additional information as requested:- 1. The details of the extended Profit Guarantee. Reference is made to the announcements dated 25 April 2014, 20 June 2014, 11 July 2014, 25 July 2014, 12 August 2014, 20 August 2014 and 21 August 2014 in relation to the acquisition of 50.0004% of Innoceria Sdn Bhd (“ISB”) which was completed on 21 August 2014 (the “Acquisition”). The Acquisition involved the vendors of ISB (“Vendors”) to irrevocably covenant, warrant and guarantee to Grand-Flo Berhad (“Grand-Flo”) that ISB shall have an aggregate audited Profit After Tax (“PAT”) of at least RM15.0 million (“Profit Guarantee”) over two (2) financial years ended 31 December 2014 and 31 December 2015 (“Profit Guarantee Period”). On 23 March 2016, the Vendors requested an extension of the Profit Guarantee Period to include financial year ending 31 December 2016 ie the Vendors shall achieve the Profit Guarantee over three (3) financial years ended 31 December 2014, 31 December 2015 and ending 31 December 2016 (“Extended Profit Guarantee Period”). On 25 March 2016, the Board of Directors of Grand-Flo agreed to and approved the Vendors’ request for the Extended Profit Guarantee Period after reasonable consideration of the unexpected longer gestation period in the development business which was not foreseen at the time of the Acquisition.   2. To quantify the amount of audited PAT of ISB for the financial years ended 31 December 2014 and 31 December 2015 respectively. The PAT of ISB for the financial years are as follows: Financial year ended: PAT (RM) 31 December 2014 (Audited) 2,789,599 31 December 2015 (In the midst of being audited and subject to finalisation) 7,814,732 Aggregate 10,604,331 This announcement is dated 1 April 2016.