EHH 0.00% 14.0¢ eagle health holdings limited

Eagle Health Holdings Limited (ASX: EHH or the Company) advises...

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  1. 2,068 Posts.
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    Eagle Health Holdings Limited (ASX: EHH or the Company) advises that the audit of its financial
    statements for the year ending 31 December 2019 continues to be delayed, owing to difficulties in
    verifying certain records as part of the audit process. These delays appear to have arisen in part due
    to complexities in the audit verification of the Company’s financial reporting system and further as a
    result of restrictions imposed by Chinese financial institutions in consideration of COVID-19.
    Resolving these delays and verification issues in the audit process is a matter of the highest priority.
    The Board of Directors is in the process of appointing independent advisers to the Company and to its
    subsidiary, for the purposes of supporting both its subsidiary and the Company's Auditor in resolving
    the matter as quickly as possible. The Company and its Auditor remain focused on producing the final
    audited financial accounts for lodgement, so that the Company's suspension can be lifted as soon as
    possible.
    The Company's chairman, Mr Andrew Smith said “The Board of Directors is procuring all the necessary
    independent support for the Company, our subsidiary and our Auditor, to ensure that the audit of the
    Company's financial statements can be completed as thoroughly and expeditiously as possible.”
    The Board of Directors will continue to monitor the audit process and the market will be promptly
    informed on any material developments. The Board of Directors have not formed the view that
    complications in completing the audit process will have a material financial impact on the Company.
    Approved for release by the Board of Directors.

 
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Currently unlisted public company.

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