Fabchem China : Monthly Valuation Of Assets And Utilisation Of Cash For The Month Of March 2022

FABCHEM CHINA LIMITED (Company Registration No.: 200413128G) (Incorporated in the Republic of Singapore)

MONTHLY VALUATION OF ASSETS AND UTILISATION OF CASH

FOR THE MONTH OF MARCH 2022

The board of directors ("Board" or "Directors") of Fabchem China Limited ("Company") wishes to announce the following pursuant to Rule 1018(1)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual.

(a)	The Company's assets and liabilities as at 31 March 2022 were as follows:
ASSETS
Right-of-use assets	7
Other debtors	156
Other assets	39
Cash and bank balances	429
Total Assets	631
LIABILITIES
Trade and other payables	(441)
Lease liability	(7)
Total Liabilities	(448)
NET ASSETS	183
(b)	The Company's utilisation of cash in the month of March 2022 was as follows:
S$'000
Opening cash and bank balances as at 1 March 2022	451
Less:
General and administrative expenses (1)	(22)
Closing cash and bank balances as at 31 March 2022	429

S$'000

(1) Includes expenses for salaries and CPF, rental, printing and stationery, general overheads and other listing related expenses.

All figures set out in this announcement have not been reviewed or audited by the Company's auditors.

By Order of the Board

Wee Phui Gam

Acting Chairman and Lead Independent Director 27 April 2022