The contents of the 2021 unformatted standalone 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
2
Date of announcement
2022/05/24
Time of announcement
16:44:28
Subject
The contents of the 2021 unformatted standalone
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 40 of the 2021 unformatted
standalone financial statements is corrected.
6.Information items/ statements to be corrected:
2021 Unformatted Standalone Financial Statements.
7.Amounts/ contents/ number of page to be corrected:
Description of the major account titles on page 40
Accounts receivable
Measured at amortized cost
No more than one year $132,068 $101,539
Less: An allowance for bad debt - accounts receivable (22) (22)
-------------------------
Total $130,046 $101,517
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8.Amounts/ contents/ number of page after correction:
Description of the major account titles on page 40
Accounts receivable
Measured at amortized cost
No more than one year $130,046 $101,517
more than one year 22 22
Less: An allowance for bad debt - accounts receivable (22) (22)
-------------------------
Total $130,046 $101,517
=========================
9.Countermeasures:
The description of accounts receivable on page 40 of the 2021 unformatted
standalone financial statements is corrected.
10.Any other matters that need to be specified:N/A
