The contents of the 2021 unformatted consolidated financial statements filed by the Company are corrected.
· Issued by King's Town Construction Co., LTD.
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Today's Information
Provided by: King's Town Construction Co., LTD.
SEQ_NO
1
Date of announcement
2022/05/24
Time of announcement
16:44:09
Subject
The contents of the 2021 unformatted consolidated
financial statements filed by the Company are corrected.
Date of events
2022/05/24
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/05/24
2.Company name:KTC
3.Relationship with the Company (please enter "the company itself"
or "subsidiaries"):The Company
4.Reciprocal shareholding percentage:N/A
5.Cause of occurrence:
The description of accounts receivable on page 44 of the 2021 unformatted
consolidated financial statements is corrected.
6.Information items/ statements to be corrected:
2021 Unformatted Consolidated Financial Statements.
7.Amounts/ contents/ number of page to be corrected:
Description of the major account titles on page 44
Accounts receivable
Measured at amortized cost
No more than one year $132,000 $106,019
Less: An allowance for bad debt - accounts receivable (22) (22)
-------------------------
Total $131,978 $105,997
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8.Amounts/ contents/ number of page after correction:
Description of the major account titles on page 44
Accounts receivable
Measured at amortized cost
No more than one year $131,978 $105,997
more than one year 22 22
Less: An allowance for bad debt - accounts receivable (22) (22)
-------------------------
Total $131,978 $105,997
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9.Countermeasures:
The description of accounts receivable on page 44 of the 2021 unformatted
consolidated financial statements is corrected.
10.Any other matters that need to be specified:N/A