【XINHWA 5267 交流专区】新华控股

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Type	Announcement
Subject	AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN MATERIAL UNCERTAINTY RELATED TO GOING CONCERN
Description	ISSUANCE OF UNMODIFIED AUDIT OPINION WITH A PARAGRAPH OF MATERIAL UNCERTAINTY RELATED TO GOING CONCERN IN RESPECT OF THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
Pursuant to paragraph 9.19(37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Xin Hwa Holdings Berhad wishes to announce that the Company’s External Auditors, Crowe Malaysia PLT have expressed material uncertainty related to going concern in its Independent Auditors’ Report in respect of the Company’s audited financial statements for the financial year ended 31 March 2024. Please refer to the attachment for further details.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3469387

Attachments XHH Announcement - AFS 2024 MUGC (Final).pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2024	30 Jun 2023	30 Jun 2024	30 Jun 2023
		$$'000	$$'000	$$'000	$$'000

1	Revenue	33,289	37,027	33,289	37,027
2	Profit/(loss) before tax	994	-3,473	994	-3,473
3	Profit/(loss) for the period	752	-3,912	752	-3,912
4	Profit/(loss) attributable to ordinary equity holders of the parent	773	-3,923	773	-3,923
5	Basic earnings/(loss) per share (Subunit)	0.30	-1.53	0.30	-1.53
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 ($$)	0.8100		0.8100

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XIN HWA HOLDINGS BERHAD

Particulars of substantial Securities Holder

Name	NF CAPITAL MANAGEMENT SDN. BHD.
Address	No. 2, Jalan Permatang 2 Kempas Baru Johor Bahru 81200 Johor Malaysia.
Company No.	1057738-V
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	28 Aug 2024	4,000,000	Disposed	Direct Interest
	Name of registered holder	Public Nominees (Tempatan) Sdn. Bhd.
	Address of registered holder	P.O. Box 11167 50738 Kuala Lumpur
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Off Market Disposal
Nature of interest	Direct Interest
Direct (units)	138,032,537
Direct (%)	53.991
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	138,032,537
Date of notice	30 Aug 2024
Date notice received by Listed Issuer	30 Aug 2024

Name	MR NG AIK CHUAN
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	28 Aug 2024	4,000,000	Acquired	Direct Interest
	Name of registered holder	MIDF Amanah Investment Nominees (Tempatan) Sdn. Bhd.
	Description of "Others" Type of Transaction
2	28 Aug 2024	4,000,000	Disposed	Indirect Interest
	Name of registered holder	Public Nominees (Tempatan) Sdn. Bhd.
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Off Market Acquisition (Direct) Off Market Disposal by NF Capital Management Sdn. Bhd., a company which I deemed to have interest by virtue of Section 8 of the Companies Act 2016 (Indirect)
Nature of interest	Direct and Indirect Interest
Direct (units)	21,103,300
Direct (%)	8.255
Indirect/deemed interest (units)	138,032,537
Indirect/deemed interest (%)	53.991
Total no of securities after change	159,135,837
Date of notice	30 Aug 2024
Date notice received by Listed Issuer	30 Aug 2024

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XIN HWA HOLDINGS BERHAD

Particulars of substantial Securities Holder

Name	NF CAPITAL MANAGEMENT SDN. BHD.
Address	No. 2, Jalan Permatang 2 Kempas Baru Johor Bahru 81200 Johor Malaysia.
Company No.	1057738-V
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	03 Sep 2024	8,000,000	Acquired	Direct Interest
	Name of registered holder	RHB Nominees (Tempatan) Sdn. Bhd.
	Address of registered holder	Level 1, Tower Three RHB Centre Jalan Tun Razak 50400 Kuala Lumpur
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Off Market Acquisition
Nature of interest	Direct Interest
Direct (units)	146,032,537
Direct (%)	57.12
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	146,032,537
Date of notice	03 Sep 2024
Date notice received by Listed Issuer	05 Sep 2024

Name	MR NG AIK CHUAN
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	03 Sep 2024	8,000,000	Acquired	Indirect Interest
	Name of registered holder	RHB Nominees (Tempatan) Sdn. Bhd.
	Description of "Others" Type of Transaction
2	03 Sep 2024	8,000,000	Disposed	Direct Interest
	Name of registered holder	MIDF Amanah Investment Nominees (Tempatan) Sdn. Bhd.
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Off Market Disposal (Direct)Off Market Acquisition (Indirect)
Nature of interest	Direct and Indirect Interest
Direct (units)	13,103,300
Direct (%)	5.125
Indirect/deemed interest (units)	146,032,537
Indirect/deemed interest (%)	57.12
Total no of securities after change	159,135,837
Date of notice	03 Sep 2024
Date notice received by Listed Issuer	05 Sep 2024