AZIZPIPES Corporate Disclosure — 8 January 2017

(continuation news of AZIZPIPES): All raw materials have been purchased from local market at higher price to avail local credit facilities. In our opinion for steady profit of the company the cost of goods sold ratio to turnover should be reduced as much as possible and also sales price of the product should be re-fixed. 3. Pre-production Expenses: During the year the company has been amortized Tk. 1,000,000.00 against pre-production expenses. We feel that entire rest of the amount should be (cont. 4)