SONALIANSH Corporate Disclosure — 23 November 2021

(Continuation news of SONALIANSH): reports deferred tax Liability of BDT. 2,971,678. While calculating the deferred tax liability, the revaluation surplus of Property, Plant & Equipment (non-depreciable part), which amount to BDT. 32,215,394 has not been accounted for, a non-compliance of IAS 12 Income Taxes (Paragraph-51B), as per which, deferred taxes arise from revalued non-depreciable assets as a reflection of the tax consequences of selling asset. As a result, the deferred (cont.9)