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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  DreamEast Group Limited    593   BMG8201D1204

DREAMEAST GROUP LIMITED

(593)
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DreamEast : CLARIFICATION ANNOUNCEMENT

10/14/2019 | 05:16am EST

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.

DREAMEAST GROUP LIMITED

夢東方集團有限公司

(Incorporated in Bermuda with limited liability and

carrying on business in Hong Kong as "DreamEast Cultural Entertainment")

(Stock Code: 593)

CLARIFICATION ANNOUNCEMENT

Reference is made to the announcement (the "Announcement") of Dreameast Group Limited (the "Company") dated 8 October 2019, in relation to the change of chief financial officer of the Company. Unless otherwise defined, all capitalised terms used herein shall have the same meanings as defined in the Announcement.

The Board has noted an inadvertent clerical error in the Announcement with regards to the composition of the Board as at the date of the Announcement. The Board would like to clarify and confirm that Mr. Lam Yu Yee, Benjamin is neither an executive Director nor the vice chairman of the Company as at the date of the Announcement. Mr. Lam has ceased to be a Director and the vice chairman of the Company since 24 May 2019.

Save as clarified above, all other information contained in the Announcement is correct and remains unchanged.

By order of the Board of

DreamEast Group Limited

Zhou Zheng

Chairman, Chief Executive Officer and

Executive Director

Hong Kong, 14 October 2019

As at the date of this announcement, the Board comprises Mr. Zhou Zheng (Chairman and Chief Executive Officer) and Mr. Yang Lei being the executive Directors, and Mr. Li Chak Hung, Dr. Meng Xiaosu, Mr. Yang Buting and Mr. Zhao Daxin being the independent non- executive Directors.

Disclaimer

DreamEast Group Limited published this content on 14 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 October 2019 09:15:06 UTC


© Publicnow 2019
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Financials
Sales 2019 120 M 15,5 M 15,5 M
Net income 2019 -200 M -25,8 M -25,8 M
Net Debt 2019 4 983 M 643 M 643 M
P/E ratio 2019 -6,90x
Yield 2019 -
Capitalization 856 M 110 M 110 M
EV / Sales 2018 45,1x
EV / Sales 2019 53,0x
Nbr of Employees 230
Free-Float 28,1%
Chart DREAMEAST GROUP LIMITED
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Managers and Directors
NameTitle
Zhi Tao Zhou CEO, Executive Director & Authorised Rep
Ru Cang Cao Chairman
Xiao Su Meng Independent Non-Executive Director
Da Xin Zhao Independent Non-Executive Director
Bu Ting Yang Independent Non-Executive Director