【MAXWELL 5189 交流专区】麦斯威国际

icy97

审计师担忧能否收回 麦斯威存放逾亿金额无单据

财经新闻 财经  2016-02-18 09:10
（吉隆坡17日讯）麦斯威国际（MAXWELL，5189，主板消费产品股）回复马交所质询时表示，存放在晋江晋创民间资本管理有限公司（简称晋创）的现金总额，为1亿370万令吉。

麦斯威国际截至9月30日第三季业绩由盈转亏，净亏高达4625万3000令吉。

当时，文告指出，拖累业绩的元凶，是零售业务的广告开销。

2月11日，针对亏损原因，董事部宣布将进行更详细的审计调查。

麦斯威国际今天发出文告指出，审计师Messrs.Baker TillyMonteiro Heng说，由于评估存放在晋创的资金目前还处于初步阶段，加上还未开始年度审计，因此，仍无法取得相关资金存放的文件证明。

另外，也无法得知关于晋创业务的充足资料。

因此，审计师对资金存放的真实性，以及存款的可收回性感到担忧。

子公司振兴被控

此外，在初步评估阶段，审计师也发现，福建泉州市中級人民法院的网站内，出现麦斯威国际子公司———晋江振兴鞋塑有限公司被告的公布。

原告公司为福建泉州鲤城区创信小额贷款有限公司，控诉原因是贷款合约纠纷。

其中一名被告是麦斯威国际的执行董事李桂真，她在案件中的身分是借贷担保人。

不过，中国子公司的管理层表示，并没有收到任何关于控诉的文件，而李桂真也对董事部表示，贷款纠纷实际上理应只牵涉到她私下作为担保人一事，而不应涉及振兴鞋塑。

因此，她将咨询必要的法律意见，届时将作出进一步公布。【南洋网财经】

Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-16022016-00001
Subject	Extended Audit on Advertisement Expenditure and Issues highlighted by the Statutory Auditor
Description	REPLY TO QUERY  ADDITIONAL INFORMATION
Query Letter Contents	We refer to your Company’s reply to query dated 12 February 2016, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1) Total amount of cash/cash equivalent based on the 3rd quarterly results ended 30 September 2015;   2) Total amount of cash placed with the asset management company together with its name; 3) Nature of concern that Messrs Baker Tilly Monteiro Heng has with regard to the cash placed with the asset management company; 4) Further clarification on the legal matters in China; and 5) Expected engagement date for the investigative audit and the scope of audit. http://www.bursamalaysia.com/market/listed-companies/company-announcements/5002125

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	38,090	52,443	193,872	230,337
2	Profit/(loss) before tax	-3,933	1,090	-46,954	26,564
3	Profit/(loss) for the period	-3,831	15	-49,756	16,813
4	Profit/(loss) attributable to ordinary equity holders of the parent	-3,831	15	-49,756	16,813
5	Basic earnings/(loss) per share (Subunit)	-0.96	0.00	-12.51	4.22
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 ($$)	1.3400		1.2500

icy97

Type	Announcement
Subject	OTHERS
Description	Unaudited Fourth Quarterly Report on Consolidated results for the financial period ended 31 December 2015
We refer to the announcements dated 11 February 2016, 12 February 2016 and 17 February 2016. The Board of Directors of Maxwell International Holdings Berhad (“the Company”) wishes to announce the following:- 1. The board of the Company comprises 1 executive director and 2 independent non-executive directors. There audit committee comprises 2 independent members. 2. The audit committee members opined that the unaudited fourth quarterly report for the financial period ended 31 December 2015 could only be approved subject to the satisfactory resolution of the following matters of concern as announced earlier: Advertisement expenditure; The total amount of cash placed with the asset management company, namely Jinjiang Jin Chuang Private Capital Management Co Ltd; and Litigation involving a subsidiary and the Executive Director, which the Executive Director is seeking the necessary legal advice on the matter. Therefore, the Independent Directors had at its Board Meeting held on 26 February 2016 empowered the Executive Director to do all the necessary which she deems fit and expedient for the best interest of the Company. 3. After taking into consideration that the Company has already proceeded with the appointment of Messrs Ferrier Hodgson MH Sdn Bhd as the Independent Auditor to conduct an extended audit on the advertisement expenditure and also in the midst of appointing an Investigative Auditor on the funds placed with the asset management company, the President and Executive Director of the Company, Mdm Li Kwai Chun, has decided to approve and release the unaudited fourth quarterly report for the financial period ended 31 December 2015 for announcement to Bursa Malaysia Securities Berhad. In view of the above, investors are reminded to be cautioned in the review of financial result and making any investment decision. Further announcement will be made to Bursa Malaysia Securities Berhad should there be any adjustments made to the quarterly report on the consolidated results for the financial period ended 31 December 2015. This announcement is dated 29 February 2016.

icy97

Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-02032016-00001
Subject	Extended Audit on Advertisement Expenditure and Issues highlighted by the Statutory Auditor
Description	ADDITIONAL INFORMATION
Query Letter Contents	We refer to your Company’s announcements dated 11, 12, 17 and 29 February 2016, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- Key finding by Ferrier Hodgson MH Sdn Bhd on the extended scope of audit on the advertisement expenditure; and Latest status on the appointment of investigative audit including but not limited to, identity of the investigative auditor & its appointment date, expected commencement and completion date of audit and full details and scope of the audit.
We refer to the announcements dated 11 February 2016, 12 February 2016, 17 February 2016 and 29 February 2016. The Board of Directors of Maxwell International Holdings Berhad (“MAXWELL” or “the Company”) wishes to announce the following additional information:- 1. The Company has yet to receive a preliminary report on the key findings by Ferrier Hodgson MH Sdn Bhd (“FHMH”) on the extended scope of audit on the advertisement expenditure and will liaise with FHMH on this matter. 2. The Company is still in the midst of identifying reputable firms which are familiar with the business environment in the People’s Republic of China (“PRC”) to provide the Company their quotations and scope of work. Subject to the finalisation of the scope of work and the appointment, the expected timeline for the commencement and completion of the investigative audit is targeted by end of March 2016 and April 2016, respectively, or any other shorter timeframe. Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course. This announcement is dated 3 March 2016.

icy97

麦斯威管理层将来大马 提供广告开销证明文件

财经新闻 财经  2016-03-19 11:15
（吉隆坡18日讯）麦斯威国际（MAXWELL，5189，主板消费产品股）管理层准备前来我国，以提供更多有关广告开销的证明文件给审计师，并着手解决问题。

根据文告，证明文件将交到Messrs.Ferrier Hodgson MH私人有限公司的手中，该公司目前正对中国业务广告开销，展开详细审计。

“同时，针对有关问题，麦斯威国际管理层依然跟审计师保持联系。”

另一方面，公司也决定让子公司晋江振兴鞋塑有限公司，通知晋江晋创民间资本管理有限公司（简称晋创），将所有公司存放在晋创的现金，转账到晋江振兴鞋塑公司的银行户头。

公司此举，是为了缓解法定审计师Messrs.Baker Tilly Monteiro Heng早前所提出的担忧。

此外，麦斯威国际采取独立董事的建议，因此，正寻找信誉良好的中国法律事务所，来寻求有关问题的法律建议或意见。

早前，由于麦斯威国际中国业务的庞大广告开销，拖累公司在去年第3季净亏4625万3000令吉，且有关开销无法提供令人满意的依据，因此，公司委任了审计师，来进行审计调查。

在审计过程中，法定审计师无法取得资金存放在晋创的文件证明，因此，对1亿370万令吉资金的真实与可回收程度，感到担忧。【南洋网财经】

Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-04032016-00001
Subject	Change in Legal Representative in Jinjiang Zhenxing Shoes & Plastics Co., Ltd ("Zhenxing Shoes"), a wholly-owned subsidiary of Maxwell International Holdings Berhad
Description	Additional Information : Change in Legal Representative in Jinjiang Zhenxing Shoes & Plastics Co., Ltd. ("Zhenxing Shoes"), a wholly-owned subsidiary of Maxwell International Holdings Berhad ("MAXWELL" or "the Company")
Query Letter Contents	We refer to your Company’s announcement dated 3 March 2016, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- Who was the legal representative prior to the change on 12 November 2015. Reasons for the delay in making the announcement as the changed of the legal representative has taken place since 12 November 2015. To provide the name as well as the principal activities of the Company that Zhuang Chiong Zhen has previously worked for as General Manager. Name and identity of the legal representative for Maxwell International Holdings Berhad. Further description with regard to the control of business operation and who is the bank account signatories. Further description on how the Company’s official stamp can be deemed as process and procedures put in place to mitigate the risks and what is the board of directors’ opinion with regard to the adequacy of the processes.
We refer to the announcement dated 3 March 2016. The Board of Directors of Maxwell International Holdings Berhad (“the Company”) wishes to announce the additional information in relation to the change in legal representative in Zhengxing Shoes. Please refer to the attachment for details of the additional information. This announcement is dated 7 March 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5022949

Attachments Additional Information-Change in Legal Representative.pdf

icy97

處理廣告稽查‧麥斯威無法如期呈財報

2016-04-27 17:09      
（吉隆坡27日訊）麥斯威（MAXWELL，5189，主板消費品組）指出，基於處理廣告開支稽查事宜，麥斯威中國公司正在提交附加文件以利稽查，因而無法在2015年12月31日截止之財政年的4月杪，提呈財報、稽查財務報告和董事報告。

該公司文告說，麥斯威中國公司正在提呈附加文件給公司法定稽查師的過程，以對廣告開支進行進一步稽查，目前此稽查未有定案。

“公司要重申的是，造成延宕解決廣告開支之事，主要出於管理層搜尋更多相關資訊，其次是麥斯威廈門公司在進一步稽查展開時已停止運作。諸如預算、批准程序乃至委任6名廣告代理之事，概未由廈門公司職員交管理層和法定稽查師。”

為加速公司稽查，管理層於4月8至14日，會晤法定稽查師並廓清進一步資訊與詳情。（星洲日報／財經）

Type	Announcement
Subject	OTHERS
Description	MAXWELL INTERNATIONAL HOLDINGS BERHAD ("MAXWELL" OR "THE COMPANY")Delay in the Release of the Annual Report in respect of the financial year ended 31 December 2015 pursuant to Paragraph 9.23(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
The Board of Directors’ of Maxwell International Holdings Berhad (“MAXWELL” or “the Company”) hereby announces that the Company is unable to release to Bursa Malaysia Securities Berhad (“Bursa Securities”) and shareholders its Annual Report that includes the annual audited financial statements together with the auditors’ and directors’ reports in respect of the financial year ended 31 December 2015 (“Annual Report 2015”) by 30 April 2016 which is a period not exceeding four (4) months from the close of the financial year ended 31 December 2015 (“Timeframe”) as required under Paragraph 9.23(1) of the Main Market Listing Requirements (“MMLR”) of Bursa Securities. The delay was due to the fact that the Management of MAXWELL in China (“Management”) is in the midst of providing additional documents to Ferrier Hodgson MH Sdn Bhd (“FHMH”) for the extended audit on the substantial advertisement expenses and that the report on the extended audit has yet to be finalized. The Company wishes to reiterate that the delay in resolving the advertisement expenses issues was mainly due to the time required by the Management to search for the relevant information. As Maxwell (Xiamen) Co., Ltd.'s office had already ceased operations prior to the commencement of the extended audit, certain documents (such as budgeting, approval procedures for the appointment of the 6 advertising agents etc.) were not handed over by Maxwell (Xiamen) Co., Ltd.'s staff to the Management, thus these documents could not be made available to FHMH. In order to expedite the completion of the extended audit on the advertisement expenditure and also the statutory audit, the Management has taken the following steps/actions :- (i) the Management was in Malaysia from 8 April 2016 to 14 April 2016 to meet-up and communicate with FHMH and to provide further clarification and information to FHMH; (ii) in terms of the litigation cases involving Mdm Li Kwai Chun and Jinjiang Zhenxing Shoes & Plastics Co., Ltd., (“Zhenxing Shoes”) and the implications, the Management has appointed Fujian ZhiYi, Advocates & Solicitors who is in the midst of finalising its legal opinion; (iii) in terms of the cash placed with the asset management company, Jinjiang Jin Chuang Non-Governmental Asset Management Co Ltd (“Jin Chuang”), Zhenxing Shoes had on 6 April 2016 notified Jin Chuang to transfer all the funds; (iv) due to the reasons stated as (i) to (iii) above, the External Auditors, Messrs Baker Tilly Monteiro Heng (“BTMH”) would not be able to complete the audit of the Group for the financial year ended 31 December 2015 on time for submission to Bursa Securities by 30 April 2016. The Company is still in the midst of identifying a suitable reputable firm to carry out the investigative audit on the above areas, if necessary. The Management has been informed by Messrs Baker Tilly Monteiro Heng (“BTMH”) that BTMH are expected to commence field work in China first week of May 2016 as BTMH would require additional time to arrange for a China VISA; to obtain approval from the Ministry of Finance in the PRC to conduct the audit; and to arrange with Messrs Baker Tilly China to commence the field work in China. MAXWELL will endeavour to announce/issue its Annual Report 2015 to Bursa Securities and shareholders not later than 2 months from 30 April 2016. Pursuant to Paragraph 9.28(5) of the MMLR, if MAXWELL fails to announce/issue its Annual Report 2015 within 5 market days from the expiry of the Timeframe (the last day of this 5 market days shall hereinafter be referred to as "the Suspension Deadline"), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend trading in the securities of MAXWELL. The suspension shall be effected on the market day following the expiry of the Suspension Deadline and shall be uplifted on the market day following the announcement/issuance of the Annual Report 2015 unless otherwise determined by Bursa Securities. As such, the suspension will be effected on 10 May 2016. Pursuant to Paragraph 9.28(6) of the MMLR, if MAXWELL fails to issue the Annual Report 2015 within 6 months from the expiry of the Timeframe, in addition to any enforcement action that Bursa Securities may take, de-listing procedures shall be commenced against MAXWELL. This announcement is dated 26 April 2016.

icy97

MAXWELL-SUSPENSION OF TRADING

MAXWELL INTERNATIONAL HOLDINGS BERHAD

The above Company has failed to submit its Annual Report that includes the annual audited financial statements together with the auditors' and directors' reports in respect of the financial year ended 31 December 2015 ("AR 2015") to Bursa Malaysia Securities Berhad ("Bursa Securities") for public release within the stipulated timeframe i.e. 30 April 2016, pursuant to paragraph 9.23(1) of Bursa Securities' Main Market Listing Requirements ("LR").

Pursuant to Paragraph 9.28(5) of the LR, if a listed issuer fails to issue the outstanding financial statements within 5 market days after the expiry of the relevant timeframes stated in Paragraph 9.23(1) of the LR ("Relevant Timeframes") (the last day of the 5 market days is referred to as "Suspension Deadline"), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend the trading in the securities of such listed issuer. The suspension shall be effected on the next market day after the Suspension Deadline.

In view of the above and in the event that MAXWELL is unable to submit the outstanding AR 2015 on or before 9 May 2016, the trading in the above Company's securities will be suspended with effect from 9.00 am, Tuesday, 10 May 2016 until further notice.

Pursuant to Paragraph 9.28(6) of the LR, if a listed issuer fails to issue the outstanding financial statements within 6 months from the expiry of the relevant timeframes, in addition to any enforcement action that Bursa Securities may take; de-listing procedures shall be commenced against such listed issuer.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2016	31 Mar 2015	31 Mar 2016	31 Mar 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	8,428	19,894	8,428	19,894
2	Profit/(loss) before tax	22,876	-3,045	22,876	-3,045
3	Profit/(loss) for the period	22,877	-3,046	22,877	-3,046
4	Profit/(loss) attributable to ordinary equity holders of the parent	22,877	-3,046	22,877	-3,046
5	Basic earnings/(loss) per share (Subunit)	5.75	-0.77	5.75	-0.77
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 ($$)	1.1600		1.3400

icy97

Type	Announcement
Subject	OTHERS
Description	MAXWELL INTERNATIONAL HOLDINGS BERHAD ("MAXWELL" OR "THE COMPANY")Status of the Issuance of the Annual Report in respect of the financial year ended 31 December 2015 pursuant to Paragraph 9.28(4)(b) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities")
Further to the announcement made on 26 April 2016, the Board of Directors’ of Maxwell International Holdings Berhad (“MAXWELL” or “the Company”) hereby announces that the Company is still unable to issue or submit to Bursa Malaysia Securities Berhad (“Bursa Securities”) and shareholders its Annual Report that includes the annual audited financial statements together with the auditors’ and directors’ reports in respect of the financial year ended 31 December 2015 (“Outstanding Financial Statements/Annual Report 2015”) as the management of the Company in China is still liaising with the Company’s External Auditors, Messrs Baker Tilly Monteiro Heng (“Messrs BTMH”) for the completion and finalisation of the audit of the Group for the financial year ended 31 December 2015. Messrs BTMH has completed their audit field work and the management of the Company is currently in the midst of preparing the draft consolidated financial statements of the Group for the review of Messrs BTMH. In view of the above, MAXWELL is expecting to issue and submit its Annual Report 2015 within two (2) months from 30 April 2016. Pursuant to Paragraph 9.28(5) of the Main Market Listing Requirements of Bursa Securities, if MAXWELL fails to issue its Annual Report 2015 within 5 market days from the expiry of the timeframe, i.e. 30 April 2016 (the last day of this 5 market days shall hereinafter be referred to as "the Suspension Deadline"), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend trading in the securities of MAXWELL. The suspension shall be effected on the market day following the expiry of the Suspension Deadline and shall be uplifted on the market day following the announcement/issuance of the Annual Report 2015 unless otherwise determined by Bursa Securities. The Company's securities have been suspended from trading since 10 May 2016. Pursuant to Paragraph 9.28(6) of the MMLR, if MAXWELL fails to issue the Annual Report 2015 within 6 months from the expiry of the timeframe, i.e. 30 April 2016, in addition to any enforcement action that Bursa Securities may take, de-listing procedures shall be commenced against MAXWELL. This announcement is dated 31 May 2016

icy97

Type	Announcement
Subject	OTHERS
Description	Unaudited First Quarterly Report on Consolidated Results for the financial quarter ended 31 March 2016
We refer to the announcements dated 11 February 2016, 12 February 2016, 17 February 2016 and 29 February 2016. The Board of the Company comprises 1 executive director and 3 independent non-executive directors. The audit committee comprises 3 independent members. The Audit Committee Members opined that the first quarterly report for the financial quarter ended 31 March 2016 could only be approved subject to the satisfactory resolution of the following matters of concern as announced earlier: 1. Advertisement expenditure; 2. The total amount of cash placed with the asset management company, namely Jinjiang Jin Chuang Private Capital Management Co. Ltd; 3. Litigation involving a subsidiary and Executive Director, which the Executive Director is seeking the necessary legal advice on the matter; and 4. Completion of the annual audited accounts for the financial year ended 31 December 2015. Therefore, the Independent Directors had at its Board Meeting held on 31 May 2016 empowered the Executive Director to do all the necessary which she deems fit and expedient for the best interest of the Company. After due consideration, the President and Executive Director of the Company, Mdm Li Kwai Chun decided to approve and release the unaudited first quarterly report for the financial quarter ended 31 March 2016 for announcement to Bursa Malaysia Securities Berhad. In view of the above, investors are reminded to be cautious in the review of the financial results and making any investment decision. Further announcement will be made to Bursa Malaysia Securities Berhad should there be any adjustments made to the first quarterly report for the financial quarter ended 31 March 2016. This announcement is dated 31 May 2016.

icy97

麦斯威国际6462万广告费
审计师无法核实效应

2016年7月21日
（吉隆坡20日讯）外部审计师Ferrier Hodgson MH私人有限公司无法核实和证明麦斯威国际（MAXWELL，5189，主板消费产品股）从子公司麦斯威（厦门）有限公司在中国投入9240万人民币（约6462万令吉）广告开销中受惠。

麦斯威国际向马交所报备，Ferrier Hodgson MH已针对麦斯威（厦门）与6家广告商签署的广告合约进行搜索，发现其中两家公司已不存在，而有一家不再营运。

该外部审计师指出，已向麦斯威国际的管理层要求协助安排与6家广告商会面。

不过，管理层表示，由于未付合约总值1亿265万人民币的最后10%余款给广告商，以致双方关系变质，这意味着对方不太会同意见面。

同时，Ferrier Hodgson MH也无法到访公司在中国安装广告牌的390个地点，并指在去年10月已提前拆卸广告牌，因为公司未付10%余款给广告商。

管理层指，由于广告活动无法对麦斯威（厦门）带来正面贡献，所以没有付10%余款。

此外，Ferrier Hodgson MH要求麦斯威国际财务总监邓瑞芳（译音）提供之前在中国安装的390个广告牌的照片。

之后，邓瑞芳通过电邮传送53张相关广告牌的档案给外部审计师。

该外部审计师表示，已进一步检验相关档案，并针对上述调查，要求管理层作出澄清。【e南洋】

Type	Announcement
Subject	OTHERS
Description	REPORT ON THE REVIEW OF SIX (6) ADVERTISEMENT CONTRACTS ENTERED INTO BY MAXWELL (XIAMEN) CO. LTD, A WHOLLY OWNED SUBSIDIARY OF MAXWELL INTERNATIONAL HOLDINGS BERHAD WITH SIX (6) MARKETING COMPANIES FOR THE CONTRACTS SUMS AMOUNTING TO CHINA RENMINBI 102.65 MILLION (APPROXIMATELY RINGGIT MALAYSIA 71.79 MILLION) ON OR AROUND FEBRUARY 2015 AND PAYMENTS MADE BY MAXWELL (XIAMEN) CO. LTD AMOUNTING TO CHINA RENMINBI 92.40 MILLION (APPROXIMATELY RINGGIT MALAYSIA 64.62 MILLION) ("REPORT")
The Board of Maxwell International Holdings Berhad (“MAXWELL” or “the Company”) hereby announces that the Board has been presented with the Report dated 19 July 2016 by Ferrier Hodgson MH Sdn Bhd (“FHMH”). The Board will endeavour to do the necessary that have been recommended by FHMH. A copy of the Executive Summary of the Report dated 19 July 2016 is attached herewith. This announcement is dated 19 July 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5151601

Attachments Executive Summary of Report dated 19 July 2016.pdf

icy97

麦斯威7亿账目存疑‧稽查师持保留意见

（吉隆坡2日讯）独立稽查师Messrs Baker Tilly Monteiro Heng对麦斯威（MAXWELL，5189，主板消费品组）截至2015年12月31日止财务报告持保留意见。

该机构在报告中说，该公司共有高达7亿零506万令吉的账目无法获得足够的财务证明。

其中，一批3亿3721万令吉（约5亿1000万人民币）的款项，据称交给晋江晋创民间资本管理公司，以及晋江Zhenxing鞋子塑料公司的1亿7977万令吉投资额，是两笔最大的款项。

今年4月，麦斯威指出，由于处理广告开支稽查事宜，麦斯威中国公司正在提交附加文件，因而无法在2015年12月31日截止之财政年的4月杪，提呈财报、稽查财务报告和董事报告。

文章来源：
星洲日报‧财经‧2016.08.03

Type	Announcement
Subject	OTHERS
Description	DISCLAIMER OPINION ON THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015
Pursuant to Paragraph 9.19(37) of the Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Maxwell International Holdings Berhad ("the Company") hereby announces that the Company's External Auditors, Messrs Baker Tilly Monteiro Heng had expressed a disclaimer opinion in the Company’s Audited Financial Statements for the financial year ended 31 December 2015. A copy of Messrs Baker Tilly Monteiro Heng’s Report is annexed herewith. This announcement is dated 2 August 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5166605

Attachments Maxwell - Auditors Report (31-12-2015).pdf

icy97

Type	Announcement
Subject	OTHERS
Description	DEVIATION OF 10% OR MORE BETWEEN THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015 AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015
The Board of Directors of Maxwell International Holdings Berhad ("MAXWELL” or “the Company") hereby announces that Messrs Baker Tilly Monteiro Heng, the External Auditors of the Company had completed the audit of the Company’s financial statements for the year ended 31 December 2015 (“Audited Financial Statements”) and the Audited Financial Statements have been announced on 2 August 2016. MAXWELL reported an unaudited loss after taxation and minority interest of RM49,756,372.00 in the unaudited financial statements of the Company for the year ended 31 December 2015 (which was announced to Bursa Malaysia Securities Berhad (“Bursa Securities”) on 29 February 2016) compared to an audited loss after taxation and minority interest of RM65,156,078.00 in the audited financial statements of the Company for the year ended 31 December 2015. The variance of RM15,399,706.00 between the unaudited financial statements of the Company for the year ended 31 December 2015 and audited loss after taxation and minority interest of RM65,156,078.00 in the audited financial statements of the Company for the year ended 31 December 2015 represents a deviation of 30.95% (“Deviation”). The Deviation was mainly due to the following reconciliations/adjustments made in the audited financial statements of the Company for the year ended 31 December 2015 : Impairment of trade receivable of RM378,216.00 Impairment of other receivable of RM942,533.00 Inventories written-off of RM2,753,812.00 Property, plant and equipment written-off of RM277,754.00 Prepayment written-off of RM119,889.00 Deposit written-off of RM593,890.00 Directors’ other emoluments of RM4,656,750.00 Explanatory notes on the deviations:- (i) The adjustments for impairment and write-off of items (1) to (6) were made due to MAXWELL’s exit from the fashion retailing business as it provides less synergistic and smaller value-added growth to the Group’s overall long term development plan. (ii) The adjustment for the Directors’ other emoluments was payment of salary to the President and Executive Director for services rendered to the Group since the IPO listing in 2011 to 2015, as the President and Executive Director of the Group did not receive any salary previously. This announcement is dated 2 August 2016.

icy97

Type	Announcement
Subject	PRACTICE NOTE 17 / GUIDANCE NOTE 3 FIRST ANNOUNCEMENT
Description	MAXWELL INTERNATIONAL HOLDINGS BERHADANNOUNCEMENT PURSUANT TO PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
1.         INTRODUCTION The Board of Directors of Maxwell International Holdings Berhad (“MAXWELL” or “the Company”) announces that MAXWELL has triggered the prescribed criteria pursuant to Paragraph 8.04 and Paragraph 2.1 (d) of Practice Note 17 (“PN17”) under the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”). Hence, as of the date hereof, the Company is considered as a PN17 company. The PN17 criteria was triggered as the Auditors have expressed a disclaimer opinion in the Company’s latest audited financial statements for the financial year ended (“FYE”) 31 December 2015 which was announced on 2 August 2016 (“First Announcement”). 2.         OBLIGATIONS OF THE COMPANY PURSUANT TO PN17 Pursuant to PN17, the Company is required to comply with the following: (i)  within twelve (12) months from the date of this announcement that the Company is a PN17 company (“First Announcement”); (a) submit a regularisation plan to the Securities Commission (“SC”) if the plan will result in a significant change in the business direction or policy of the Company; or (b) submit a regularisation plan to Bursa Securities if the plan will not result in a significant change in the business direction or policy of the Company, and obtain Bursa Securities’ approval to implement the plan; (ii) implement the regularisation plan within the time frame stipulated by the SC or Bursa Securities, as the case may be; (iii) announce within three (3) months from this First Announcement, on whether the regularisation plan will result in a significant change in the business direction or policy of the Company; (iv) announce the status of its regularisation plan and the number of months to the end of the relevant time frames referred to in Paragraphs 5.1 and 5.2 of PN17, as may be applicable, on a monthly basis until further notice from Bursa Securities; (v) announce its compliance or non-compliance with a particular obligation imposed pursuant to PN17, on an immediate basis; (vi) announce the details of the regularisation plan (“Requisite Announcement”) and sufficient information to demonstrate that the Company is able to comply with all the requirements set out in Paragraph 5.4 of PN17 after implementation of the regularisation plan, which shall include a timetable for the complete implementation of the regularisation plan. The Requisite Announcement must be made by the Company’s Principal Adviser; and (vii) where the Company fails to regularise its condition, it will announce the dates of suspension and de-listing of its listed securities, immediately upon notification of suspension and de-listing by Bursa Securities. 3.         CONSEQUENCE OF NON-COMPLIANCE In the event the Company fails to comply with the obligations to regularise its condition, all its listed securities will be suspended from trading on the next market day after five (5) market days from the date of notification of suspension by Bursa Securities and de-listing procedures shall be taken against the Company, subject to the Company’s right to appeal against the de-listing. 4.         STATUS OF PLAN TO REGULARISE CONDITION The Company is looking into formulating a regularisation plan to address its PN17 status. The Company will make the necessary announcement on the regularization plan in due course. This announcement is dated 2 August 2016.

icy97

呈交年报·麦斯威8日复牌

（吉隆坡5日讯）PN17公司麦斯威（MAXWELL,5189,主板消费品组）已经呈交截至2015年12月31日止年报，将在下周一（8日）复牌。

该公司在文告中表示，已经在周五呈交年报。

早前该公司因为交不出财报，自5月10日起遭到大马股票交易所勒令停牌，最后报价2仙。

虽然该公司财报遭到独立稽查师持保留意见，原因是有高达7亿令吉账目无法获得足够证明，但最终仍顺利提呈年报。

文章来源：
星洲日报／财经‧2016.08.06

MAXWELL - Resumption of Trading

MAXWELL INTERNATIONAL HOLDINGS BERHAD

Further to Listing Circular No.ILC-29042016-00024, kindly be advised that the above Company has on 5 August 2016 submitted its outstanding Annual Report 2015 for the financial year ended 31 December 2015 to Bursa Malaysia Securities Berhad for public release pursuant to Rule 9.23(1) of the Bursa Securities' Main Market Listing Requirements.

In view of the above, please be advised that trading in the Company's securities will resume with effect from 9.00 a.m., Monday, 8 August 2016.

icy97

Type	Announcement
Subject	OTHERS
Description	ADDITIONAL INFORMATION - OUTCOME OF SIXTH ANNUAL GENERAL MEETING HELD ON 22 JUNE 2015
We refer to the Company’s announcements dated 22 June 2015 and 23 June 2015 in relation to the outcome of the Sixth Annual General Meeting (“AGM”) held on 22 June 2015. The Board of Directors of Maxwell International Holdings Berhad (“the Company”) hereby announces that the Company had considered various options in relation to the shareholders’ motion for the Board of Directors to consider and do the necessary to give effect to a proposed capital repayment of RM0.10 per share to the shareholders of the Company. However, due to the issues that had occurred since the third financial quarter ended 30 September 2015 and in view that the Company is currently a Practice Note 17 (“PN17”) Company, the Company is considering alternative options, details of which will be announced upon finalization. This announcement is dated 15 August 2016.

icy97

Type	Announcement
Subject	OTHERS
Description	DEVIATION OF 10% OR MORE BETWEEN THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015 AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015- ADDITIONAL INFORMATION
Reference is made to the Company’s announcement dated 2 August 2016. The Board of Directors of Maxwell International Holdings Berhad ("MAXWELL” or “the Company") hereby announces the following additional information :- The variance of RM15,399,706.00 between the unaudited loss after taxation and minority interest in the unaudited financial statements of the Company for the year ended 31 December 2015 and audited loss after taxation and minority interest of RM65,156,078.00 in the audited financial statements of the Company for the year ended 31 December 2015 which represents a deviation of 30.95% (“Deviation”) was due to the reconciliations/adjustments made in the audited financial statements of the Company for the year ended 31 December 2015. The Deviation and reconciliations/adjustments is tabulated below :- RM Loss after taxation and minority interest as announced on 29 February 2016 49,756,372.00 (1) Impairment of trade receivable 378,216.00 (2) Impairment of other receivable 942,533.00 (3) Inventories written-off 2,753,812.00 (4) Property, plant and equipment written-off 277,754.00 (5) Prepayment written-off 119,889.00 (6) Deposit written-off 593,890.00 (7) Directors’ other emoluments 4,656,750.00 (8) Unrealised foreign exchange loss due to impairment losses on amounts due from fellow subsidiaries 4,932,896.00 (9) Other adjustments 743,966.00 Loss after tax and minority interest as per audited financial statements 65,156,078.00 Total variance 15,399,706.00 30.95% Explanatory notes on the deviations:- (i) The adjustments for impairment and write-off of items (1) to (6) were made due to MAXWELL’s exit from the fashion retailing business as it provides less synergistic and smaller value-added growth to the Group’s overall long term development plan. (ii) The adjustment for the Directors’ other emoluments was payment of salary to the President and Executive Director for services rendered to the Group since the IPO listing in 2011 to 2015, as the President and Executive Director of the Group did not receive any salary previously. The Remuneration Committee of the Company had in February 2015 recommended to the Board that the President and Executive Director be remunerated with a monthly salary that commensurate with her position by comparing the salaries of President/Executive Directors of other China listed issuers as benchmark. (iii) The unrealised foreign exchange loss was due to impairment losses on amounts due by fellow subsidiaries from the fashion retailing business. The impairment losses were made at the end of each reporting date, monetary items denominated in foreign currencies are translated at the exchange rates prevailing at the reporting date (i.e. closing rate) in the balance sheet. However, foreign currency transactions are translated to the respective functional currencies of the Group entities at the exchange rates prevailing at the dates of the transactions (i.e. average rate) in the income statement. This announcement is dated 15 August 2016.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2016	30 Jun 2015	30 Jun 2016	30 Jun 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	0	78,644	8,428	98,538
2	Profit/(loss) before tax	-31,721	5,937	-8,845	2,893
3	Profit/(loss) for the period	-31,721	3,373	-8,844	327
4	Profit/(loss) attributable to ordinary equity holders of the parent	-31,721	3,373	-8,844	327
5	Basic earnings/(loss) per share (Subunit)	-7.97	0.85	-2.22	0.08
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 ($$)	1.1700		1.2900

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2016	30 Sep 2015	30 Sep 2016	30 Sep 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	0	57,243	8,428	155,782
2	Profit/(loss) before tax	-4,278	-45,914	-13,122	-43,021
3	Profit/(loss) for the period	-4,278	-46,253	-13,122	-45,925
4	Profit/(loss) attributable to ordinary equity holders of the parent	-4,278	-46,253	-13,122	-45,925
5	Basic earnings/(loss) per share (Subunit)	-1.08	-11.63	-3.30	-11.55
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 ($$)	1.1800		1.2900

icy97

Date of change	12 Jan 2017
Name	MR YOU XILIANG
Age	54
Gender	Male
Nationality	China
Designation	Director
Directorate	Executive
Type of change	Appointment
Qualifications	Bachelor's Degree in Automation and Quality Control from Yahshan University (former name : Northeast Heavy Machinery Institute).
Working experience and occupation	Mr You XiLiang is the Chairman and founder of PRC Fortune Group Limited, a commodity trading company which  the owner and operator of a Chromium mine in the Philippines. Mr You has extensive experience in commodity trading, especially import and export  in the Southeast Asian markets and China region. Mr. You has over 30 years experience in senior management of companies and factories.