WATACHEM Corporate Disclosure — 3 December 2018

(Continuation news of WATACHEM): However, reporting assets without any impairment review shall overstate/understate the fixed assets of the organization. 4. Raw material stock amounting to Tk. 178,087,010 finished goods stock Tk. 119,565,813 and store & spares Tk. 2,789,878 were taken into accounts as certified by management. Moreover, Inventories included old stock value of Tk. 32,557,959 recoverable value of which is nil. No adjustment was made against old stock as legal cases (cont.5)