Chow Group Off to a Spectacular Start

Wednesday 15th June 2016

Chow Group Ltd (CGL) released its results to 31 March 2016 yesterday and reported a maiden profit. CGL completed a Reverse Takeover of NZAX listed RIS Group Ltd. in February this year.

Key Highlights are :
o Profit Before Tax $8,220,797
o Total Comprehensive Income $8,051,768
o Total Assets $18,660,840
o Current Assets $3,150,840
o Profit per share 6.03cps
Important Points to note:
o The accounts have been prepared using "Reverse Acquisition Accounting"
o The balance date of CGL has been changed from 30 June to 31 March bringing
the parent Company balance date to coincide with the trading subsidiary (16
Park Avenue Ltd.).
o The Loss on acquisition of $403,016 and Takeover costs of $495,200 have
both been written off in the period to 31 March 2016.

Mr John Chow, Chairman of Chow Group Ltd. comments, "A maiden profit of
$8,051,768 is a tremendous start for the Group. The Directors and management
have been very busy completing the listing then the accounts and Annual
Report. We are proud of what we have achieved to date and we are working hard
to find ways to further increase shareholder value.

Our Annual report has been produced in record time and will be released this
week. Our Annual Meeting will be held in August. We are working on further
opportunities and we will announce these as soon as we are able".

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