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CHINA LONGEVITY GROUP COMPANY LIMITED
中 國 龍 天 集 團 有 限 公 司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1863)
CLARIFICATION ANNOUNCEMENT
REGARDING ANNUAL RESULTS ANNOUNCEMENT
FOR THE YEAR ENDED 31 DECEMBER 2020
Reference is made to the annual results announcement (the "Announcement") dated 31 March 2021 of China Longevity Group Company Limited (the "Company") for the year ended 31 December 2020. Capitalised terms herein shall have the same meanings as those defined in the Announcement unless the context otherwise requires.
The Company would like to supplement the contents of the Announcement in relation to the Company's Consolidated Financial Statements. Due to an inadvertent error of omission, the extract of Independent Auditor's Report on the Company's Consolidated Financial Statements for The Year Ended 31 December 2020 has been omitted in the Announcement and should have been inserted after note 18 to the consolidated financial statements on page 15 of the Announcement as follows:
E X T R A C T O F I N D E P E N D E N T A U D I T O R ' S R E P O R T O N T H E C O M P A N Y ' S CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
An extract of the Company's independent auditor's report for the year ended 31 December 2020 is as follows:
In our opinion, the consolidated financial statements give a true and fair view of the consolidated financial position of the Group as at 31 December 2020, and of its consolidated financial performance and its consolidated cash flows for the year then ended in accordance with Hong Kong Financial Reporting Standards ("HKFRSs") issued by the Hong Kong Institute of Certified Public Accountants (the "HKICPA") and have been properly prepared in compliance with the disclosure requirements of the Hong Kong Companies Ordinance.
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Material Uncertainty Related to Going Concern
We draw attention to note 2 to the consolidated financial statements which mentions that the Group had net current liabilities of RMB72,020,000 as at 31 December 2020 and the Company's shares have been suspended for trading since 14 February 2013. These conditions indicate a material uncertainty which may cast significant doubt on the Group's ability to continue as a going concern. Our opinion is not modified in respect of this matter.
Save for the aforesaid, all information set out in the Announcement shall remain unchanged.
By Order of the Board
China Longevity Group Company Limited
Lin Shengxiong
Chairman
Hong Kong, 1 April 2021
As at the date of this announcement, the Board of the Company comprises three Executive Directors, namely, Mr. Lin Shengxiong, Mr. Huang Wanneng and Mr. Jiang Shisheng; three Independent Non- Executive Directors, namely, Mr. Lau Chun Pong, Mr. Lu Jiayu and Ms. Jiang Ping.
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