AZIZPIPES Corporate Disclosure — 8 January 2017

(continuation news of AZIZPIPES): of retained earning stands on negative balance Tk. 473,531,424.00 and indebted to the extent of Tk. 578,126,505.00 consisting of loan fund and current liabilities. All these facts indicate uncertainty to be a going concern. 2. Cost of Goods Sold (COGS): The cost of Goods Sold represents 94.83% of the total turnover, which is the higher side and it was also 94.61% in the last year. The management opined that due to un-availability of the banking facilities. (cont. 3)