Material Variances between the Unaudited Financial Statements and the Audited Financial Statements for the Financial Year ended 28 February 2022

Unless otherwise defined, capitalised terms herein shall have the same meaning as ascribed to them in the Company’s announcement dated 27 April 2022.

The board of directors (“Board”) of Fortress Minerals Limited (the “Company” and together with its subsidiaries, the “Group”) refers to the announcement released by the Company relating to its unaudited financial results for the financial year ended 28 February 2022 (“FY2022”) (the “Unaudited Financial Statements”). Further reference is made to the audited financial statements of the Company for FY2022 (the “Audited Financial Statements”) and the report thereon by the Company’s independent auditor included in the Company’s annual report for FY2022 which will be released on the SGXNet by 6 June 2022.

Pursuant to Rule 704(5) of the Listing Manual Section B: Rules of the Catalist of the Singapore Exchange Securities Trading Limited, the Board wishes to announce that subsequent to the release of the Unaudited Financial Statements, certain adjustments and reclassifications were made to the Unaudited Financial Statements following the finalisation of the audit by the Company’s external auditor.

The material variances between the Unaudited Results and Audited Results are set out in the PDF attachment below:

Material Variances between the Unaudited Financial Statements and the Audited Financial Statements for the Financial Year ended 28 February 2022

BY ORDER OF THE BOARD OF
FORTRESS MINERALS LIMITED

Dato’ Sri Ivan Chee Yew Fei
Chief Executive Officer
03 June 2022

 

 

This announcement has been reviewed by the Company’s Sponsor, PrimePartners Corporate Finance Pte. Ltd. (the “Sponsor”). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “Exchange”) and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document. The Sponsor has also not drawn on any specific technical expertise in its review of this announcement.

The contact person for the Sponsor is Ms Jennifer Tan, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, [email protected].