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HK Bourse: Announcement From Chongqing Iron & Steel Co. Ltd.

8 Sep 2017 9:22 am
    Following is the related link: 
 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong 
Kong Limited take no responsibility for the contents of this announcement, make no 
representation as to its accuracy or completeness and expressly disclaim any liability 
whatsoever for any loss howsoever arising from or in reliance upon the whole or any 
part of the contents of this announcement. 
                THE 2016 ANNUAL REPORT 
Regarding the 2016 Annual Report of Chongqing Iron & Steel Company Limited (the 
"Company"), the Company would like to make a supplemental announcement as 
The auditors of the Company (the "Auditors") were engaged to make a report in 
respect of the continuing connected transactions of the Company and its subsidiaries 
(the "Group") in the year ended 31 December 2016. According to Rule 14A.38 of 
the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong 
Limited (the "Listing Rules"), the Auditors has issued an unqualified letter of opinion 
in respect of the continuing connected transactions of the Group disclosed in the 2016 
Annual Report (the "Transactions") stating that none of the following has come to it 
(1) that the Transactions have not been approved by the board of directors of the 
(2) that the pricing of the Transactions was not, in all material aspects, in accordance 
    with the pricing policies of the Group; 
(3) that the Transactions were not entered into, in all material aspects, in accordance 
    with the terms of relevant agreements governing such Transactions; and 
(4) that the amounts of the Transactions have exceeded the annual caps announced by 
    the Company. 
A copy of the Auditor's letter has been provided by the Company to the Stock 
Exchange of Hong Kong Limited. 
In addition, regarding the related party transactions set out in the 2016 Annual Report 
which were stated to constitute connected transactions according to Chapter 14A of 
Listing Rules, the Company has complied with the disclosure requirements under 
Chapter 14A of the Listing Rules from time to time. 
Source: Hong Kong Exchanges & Clearing 

(END) Dow Jones Newswires

September 08, 2017 05:22 ET (09:22 GMT)
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