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Jamesbond007 Veteran	28-Apr-2019 20:45        Jamesbond007 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So easy to make such big profit via such scheme? Surely, others could have tried it before and failed miserably. The huge benefit that BW derived from it is that this scheme provided it with the necessary cover n opaqueness that it required to successfully carried it out.  Many investors are easily misled n blinded by the smell of profits.
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stockpicker Master	28-Apr-2019 20:18        stockpicker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Remember,    DS model alone without MLM (multi-level membership with commissions),  DS is as good as dead.  Franchise model has no rule about MLM yet and BWL taken the opportunity to  let its Franchisees do the MLM illegally and they collect the money.. How long this will last?  It is definitely not a substainable business model... Don' t forget the BWL  Founder is a DS President in Singapore DS Association,    they believe Franchising model is a better business model in China?    LOL stockpicker      ( Date: 28-Apr-2019 19:59) Posted: The main different not explained is that the DS is governed by a DS rules and Franchise is governed  by another called Franchising rules. The other different is DS sells only the products,  Franchise needs to transfer technology and must supervise the Franchisees properly or else,  the responsibility falls back to the Franchisor.  It is like " father and son" in a legal setup.. It is hard for Franchisor to control the Franchisees In the back stage and behind the scene,  There is nothing to stop the Franchisees from setting up illegal sub Franchisees doing pyramid sellings.  These illegal activities can be easily traced back to the Franchisor besides,  the names of the Franchisor will be tarnished.  There were court cases before and Franchisors like QuanJian and Tenesee have gone scot free but it was not long for the Laws to catch up and put them in jail for related reasons.  Anyway,  if Best World is not using the same tatic and can select a good Franchisee,  it will be fine however,  it is hard to believe they could make good profits in just transforming to Franchising model as people like AVON must have tried before they gave up China.   We don' t think BWL has committed any fraud but we will get to know soon.   But the risk of business failure is always there especially when Chinese Authorities make efforts to correct the Franchising model  to ban " multi-level Franchising" ,  like they banned MLM.. who knows,  may be tomorrow.      Sen9999      ( Date: 28-Apr-2019 18:35) Posted: The funny thing is, after umpteen times of saying it's not doing DS model in china, still talking about this model. Notice in all the articles(by BT or by BR), no one mentioned they are being pull into the system. 拉 人 头 , it should be easy to be 拉 if it is like how those articles mentioned. During the 4months timeframe of the BR report, they never attended any of the 拉 人 头 seminar? Why? Is it because there is no such event? If there is, it is so easy to join it. Quoted from the rebuttal statement previously: The Franchisees would purchase the Products directly from BWL China instead of the thirdparty Import Agents, and would continue to be independent third parties (in relation to the Group) and take ownership of the Products upon purchase. As opposed to the Export Model, where the Franchisees (then operating as distributors) would deal with the Primary Import Agent as customers, the transition to the Franchise Model would give the Group the ability to enter into franchise agreements with the Franchisees directly and strengthen the Group?s relationships and controls over the distribution of the Products in China. In addition, it would give the Group greater control over how the Products are promoted and sold, as the Group worked together with the Franchisees to expand the brand?s reach across China. The Company had obtained legal advice from its legal counsel, one of the largest law firms in China, confirming (a) that the operation of the Franchise Model is lawful, (b) that the Group has obtained all material licences for the conduct of such operations in China, and (c) the business of the Group under the Export Model and Franchise Model did not and do not constitute direct selling activities in China. Rationale for Transition to Franchise Model Since the Group?s entry into the China market through the Export Model, the Group had been exploring various options to evolve its business model to improve efficiency, enhance earnings and generate returns for shareholders. The Group considered transitioning the Export Model to the Direct Selling Model in China, which would require the expansion of the coverage of the Group?s direct selling licences, as well as establishing service outlets in every district of every city in which the Products are distributed due to legal requirements relating to direct selling in China. This was considered inefficient, costly and may inevitably lead to market competition between the Company and the existing primary distributors. After careful evaluation of the different options and in consideration of market factors and the competitive landscape in China, the Group decided to transition to the Franchise Model in China. The Franchise Model would allow a more seamless integration with the Group?s existing network of primary distributors under the Export Model, which would allow the Group to leverage on the growth momentum already achieved in China. In addition, given the population size and geographic expanse of the China market, the Group believed that the Franchise Model would enable the Group to effectively establish a physical presence in several locations across China through close collaborations with the Franchisees. "
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michaeltan Master	28-Apr-2019 20:05        michaeltan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	THIS RESEARCH REPORT EXPRESSES SOLELY OUR OPINIONS. Use Bonitas Research LLC&rsquo s research opinions at your own risk. You should do your own research and due diligence before making any investment decisions, including with respect to the securities discussed herein. We have a short interest in Best World&rsquo s stock and stand to realize significant gains in the event that the price of such instrument declines. Because this document has been prepared without consideration of any specific clients&rsquo investment objectives, financial situation or needs, no information in this report should be construed as recommending or suggesting an investment strategy. Investors should seek their own financial, legal and tax advice in respect of any decision regarding any securities discussed herein. This report and its contents are not intended to be and do not constitute or contain any financial product advice as defined in the Australian Corporations Act 2001 (Cth). Please refer to our full disclaimer located on the last page of this report. DISCLAIMER We are short sellers. We are biased. So are long investors. So is Best World. So are the banks that raised money for Best World. If you are invested (either long or short) in Best World, so are you. Just because we are biased does not mean that we are wrong. We, like everyone else, are entitled to our opinions and to the right to express such opinions in a public forum. We believe that the publication of our opinions about the public companies we research is in the public interest. You are reading a short-biased opinion piece. We stand to profit if the price of Best World&rsquo s stock declines. This report and all statements contained herein are the opinion of Bonitas Research LLC (&ldquo Bonitas&rdquo ) and are not statements of fact. Our opinions are held in good faith, and we have based them upon publicly available evidence, which we set out in our research report to support our opinions. 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If any provision of this disclaimer is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties' intentions as reflected in the provision and rule that the other provisions of this disclaimer remain in full force and effect, in particular as to this governing law and jurisdiction provision. Sen9999      ( Date: 28-Apr-2019 18:35) Posted: The funny thing is, after umpteen times of saying it's not doing DS model in china, still talking about this model. Notice in all the articles(by BT or by BR), no one mentioned they are being pull into the system. 拉 人 头 , it should be easy to be 拉 if it is like how those articles mentioned. During the 4months timeframe of the BR report, they never attended any of the 拉 人 头 seminar? Why? Is it because there is no such event? If there is, it is so easy to join it. Quoted from the rebuttal statement previously: The Franchisees would purchase the Products directly from BWL China instead of the thirdparty Import Agents, and would continue to be independent third parties (in relation to the Group) and take ownership of the Products upon purchase. As opposed to the Export Model, where the Franchisees (then operating as distributors) would deal with the Primary Import Agent as customers, the transition to the Franchise Model would give the Group the ability to enter into franchise agreements with the Franchisees directly and strengthen the Group?s relationships and controls over the distribution of the Products in China. In addition, it would give the Group greater control over how the Products are promoted and sold, as the Group worked together with the Franchisees to expand the brand?s reach across China. The Company had obtained legal advice from its legal counsel, one of the largest law firms in China, confirming (a) that the operation of the Franchise Model is lawful, (b) that the Group has obtained all material licences for the conduct of such operations in China, and (c) the business of the Group under the Export Model and Franchise Model did not and do not constitute direct selling activities in China. Rationale for Transition to Franchise Model Since the Group?s entry into the China market through the Export Model, the Group had been exploring various options to evolve its business model to improve efficiency, enhance earnings and generate returns for shareholders. The Group considered transitioning the Export Model to the Direct Selling Model in China, which would require the expansion of the coverage of the Group?s direct selling licences, as well as establishing service outlets in every district of every city in which the Products are distributed due to legal requirements relating to direct selling in China. This was considered inefficient, costly and may inevitably lead to market competition between the Company and the existing primary distributors. After careful evaluation of the different options and in consideration of market factors and the competitive landscape in China, the Group decided to transition to the Franchise Model in China. The Franchise Model would allow a more seamless integration with the Group?s existing network of primary distributors under the Export Model, which would allow the Group to leverage on the growth momentum already achieved in China. In addition, given the population size and geographic expanse of the China market, the Group believed that the Franchise Model would enable the Group to effectively establish a physical presence in several locations across China through close collaborations with the Franchisees. "
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stockpicker Master	28-Apr-2019 19:59        stockpicker About Contact  Quote this Post!
x 0   x 0  Alert Admin	The main different not explained is that the DS is governed by a DS rules and Franchise is governed  by another called Franchising rules. The other different is DS sells only the products,  Franchise needs to transfer technology and must supervise the Franchisees properly or else,  the responsibility falls back to the Franchisor.  It is like " father and son" in a legal setup.. It is hard for Franchisor to control the Franchisees In the back stage and behind the scene,  There is nothing to stop the Franchisees from setting up illegal sub Franchisees doing pyramid sellings.  These illegal activities can be easily traced back to the Franchisor besides,  the names of the Franchisor will be tarnished.  There were court cases before and Franchisors like QuanJian and Tenesee have gone scot free but it was not long for the Laws to catch up and put them in jail for related reasons.  Anyway,  if Best World is not using the same tatic and can select a good Franchisee,  it will be fine however,  it is hard to believe they could make good profits in just transforming to Franchising model as people like AVON must have tried before they gave up China.   We don' t think BWL has committed any fraud but we will get to know soon.   But the risk of business failure is always there especially when Chinese Authorities make efforts to correct the Franchising model  to ban " multi-level Franchising" ,  like they banned MLM.. who knows,  may be tomorrow.      Sen9999      ( Date: 28-Apr-2019 18:35) Posted: The funny thing is, after umpteen times of saying it's not doing DS model in china, still talking about this model. Notice in all the articles(by BT or by BR), no one mentioned they are being pull into the system. 拉 人 头 , it should be easy to be 拉 if it is like how those articles mentioned. During the 4months timeframe of the BR report, they never attended any of the 拉 人 头 seminar? Why? Is it because there is no such event? If there is, it is so easy to join it. Quoted from the rebuttal statement previously: The Franchisees would purchase the Products directly from BWL China instead of the thirdparty Import Agents, and would continue to be independent third parties (in relation to the Group) and take ownership of the Products upon purchase. As opposed to the Export Model, where the Franchisees (then operating as distributors) would deal with the Primary Import Agent as customers, the transition to the Franchise Model would give the Group the ability to enter into franchise agreements with the Franchisees directly and strengthen the Group?s relationships and controls over the distribution of the Products in China. In addition, it would give the Group greater control over how the Products are promoted and sold, as the Group worked together with the Franchisees to expand the brand?s reach across China. The Company had obtained legal advice from its legal counsel, one of the largest law firms in China, confirming (a) that the operation of the Franchise Model is lawful, (b) that the Group has obtained all material licences for the conduct of such operations in China, and (c) the business of the Group under the Export Model and Franchise Model did not and do not constitute direct selling activities in China. Rationale for Transition to Franchise Model Since the Group?s entry into the China market through the Export Model, the Group had been exploring various options to evolve its business model to improve efficiency, enhance earnings and generate returns for shareholders. The Group considered transitioning the Export Model to the Direct Selling Model in China, which would require the expansion of the coverage of the Group?s direct selling licences, as well as establishing service outlets in every district of every city in which the Products are distributed due to legal requirements relating to direct selling in China. This was considered inefficient, costly and may inevitably lead to market competition between the Company and the existing primary distributors. After careful evaluation of the different options and in consideration of market factors and the competitive landscape in China, the Group decided to transition to the Franchise Model in China. The Franchise Model would allow a more seamless integration with the Group?s existing network of primary distributors under the Export Model, which would allow the Group to leverage on the growth momentum already achieved in China. In addition, given the population size and geographic expanse of the China market, the Group believed that the Franchise Model would enable the Group to effectively establish a physical presence in several locations across China through close collaborations with the Franchisees. "
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Sen9999 Member	28-Apr-2019 18:35        Sen9999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The funny thing is, after umpteen times of saying it's not doing DS model in china, still talking about this model. Notice in all the articles(by BT or by BR), no one mentioned they are being pull into the system. 拉 人 头 , it should be easy to be 拉 if it is like how those articles mentioned. During the 4months timeframe of the BR report, they never attended any of the 拉 人 头 seminar? Why? Is it because there is no such event? If there is, it is so easy to join it. Quoted from the rebuttal statement previously: The Franchisees would purchase the Products directly from BWL China instead of the thirdparty Import Agents, and would continue to be independent third parties (in relation to the Group) and take ownership of the Products upon purchase. As opposed to the Export Model, where the Franchisees (then operating as distributors) would deal with the Primary Import Agent as customers, the transition to the Franchise Model would give the Group the ability to enter into franchise agreements with the Franchisees directly and strengthen the Group?s relationships and controls over the distribution of the Products in China. In addition, it would give the Group greater control over how the Products are promoted and sold, as the Group worked together with the Franchisees to expand the brand?s reach across China. The Company had obtained legal advice from its legal counsel, one of the largest law firms in China, confirming (a) that the operation of the Franchise Model is lawful, (b) that the Group has obtained all material licences for the conduct of such operations in China, and (c) the business of the Group under the Export Model and Franchise Model did not and do not constitute direct selling activities in China. Rationale for Transition to Franchise Model Since the Group?s entry into the China market through the Export Model, the Group had been exploring various options to evolve its business model to improve efficiency, enhance earnings and generate returns for shareholders. The Group considered transitioning the Export Model to the Direct Selling Model in China, which would require the expansion of the coverage of the Group?s direct selling licences, as well as establishing service outlets in every district of every city in which the Products are distributed due to legal requirements relating to direct selling in China. This was considered inefficient, costly and may inevitably lead to market competition between the Company and the existing primary distributors. After careful evaluation of the different options and in consideration of market factors and the competitive landscape in China, the Group decided to transition to the Franchise Model in China. The Franchise Model would allow a more seamless integration with the Group?s existing network of primary distributors under the Export Model, which would allow the Group to leverage on the growth momentum already achieved in China. In addition, given the population size and geographic expanse of the China market, the Group believed that the Franchise Model would enable the Group to effectively establish a physical presence in several locations across China through close collaborations with the Franchisees. "
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Starship Supreme	28-Apr-2019 16:19        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sin_Cos_Tan      ( Date: 28-Apr-2019 16:15) Posted: For yr reading pleasure while enjoying yr Sunday afternoon tea ..... ..... 直 销 牌 照 不 能 成 为 传 销 的 &ldquo 护 命 符 &rdquo ， 对 待 传 销 不 能 有 丝 毫 手 软 。 如 今 ， 权 健 事 件 的 联 合 调 查 组 已 表 态 &ldquo 绝 不 许 打 着 直 销 旗 号 干 传 销 勾 当 &rdquo 。 随 着 事 件 的 进 一 步 发 展 ， 我 们 期 待 相 关 问 题 能 一 一 调 查 清 楚 ， 回 应 公 众 关 切 ， 同 时 也 借 此 给 予 猖 獗 的 传 销 沉 重 一 击 。 counting on you!........we expect relevant issues to be thoroughly investigated and responded, and at the same time give a heavy blow to the MLM scheme. http://opinion.haiwainet.cn/n/2019/0107/c353596-31475133.html
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Sin_Cos_Tan Veteran	28-Apr-2019 16:15        Sin_Cos_Tan About Contact  Quote this Post!
x 0   x 0  Alert Admin	For yr reading pleasure while enjoying yr Sunday afternoon tea ..... ..... 直 销 牌 照 不 能 成 为 传 销 的 &ldquo 护 命 符 &rdquo ， 对 待 传 销 不 能 有 丝 毫 手 软 。 如 今 ， 权 健 事 件 的 联 合 调 查 组 已 表 态 &ldquo 绝 不 许 打 着 直 销 旗 号 干 传 销 勾 当 &rdquo 。 随 着 事 件 的 进 一 步 发 展 ， 我 们 期 待 相 关 问 题 能 一 一 调 查 清 楚 ， 回 应 公 众 关 切 ， 同 时 也 借 此 给 予 猖 獗 的 传 销 沉 重 一 击 。 counting on you!........we expect relevant issues to be thoroughly investigated and responded, and at the same time give a heavy blow to the MLM scheme. http://opinion.haiwainet.cn/n/2019/0107/c353596-31475133.html
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stockpicker Master	28-Apr-2019 15:38        stockpicker About Contact  Quote this Post!
x 0   x 0  Alert Admin	I agree with you that one  should use one' s brains to think logically and not  listen to heresay and also what one  read  or seen with your own eyes.  All these  can be decieving.  The trouble is one would never get rich if everyone is doing the same.  The speaking goes..' No venture no gain' Sen9999      ( Date: 28-Apr-2019 13:53) Posted: Prefer to see both side of story first before making a decision 😀 👍 Remember the whole world went into selling when there is an inverted yield curve? Everyone was reporting how bad it is going to be. Then few days later all started rising and reaching new heights now. So stubbornness pays? I think logic pays. eric998      ( Date: 28-Apr-2019 13:21) Posted: Stubbornness has a price to pay, just look at those many sgx counters that have fallen and reduced to zero value. If want to play this type of counters can only ride the waves but put strict stop-loss.
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Jamesbond007 Veteran	28-Apr-2019 15:26        Jamesbond007 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Comparing oranges to apples. the whole scheme smells fishy. no smoke without fire. anyway, i am not surprised. am surprised how they managed to prolong it many were assuaged and assured by their giving dividends. but i was never convinced despite reading recommendations.
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Sen9999 Member	28-Apr-2019 13:53        Sen9999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Prefer to see both side of story first before making a decision 😀 👍 Remember the whole world went into selling when there is an inverted yield curve? Everyone was reporting how bad it is going to be. Then few days later all started rising and reaching new heights now. So stubbornness pays? I think logic pays. eric998      ( Date: 28-Apr-2019 13:21) Posted: Stubbornness has a price to pay, just look at those many sgx counters that have fallen and reduced to zero value. If want to play this type of counters can only ride the waves but put strict stop-loss.
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eric998 Supreme	28-Apr-2019 13:21        eric998 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Stubbornness has a price to pay, just look at those many sgx counters that have fallen and reduced to zero value. If want to play this type of counters can only ride the waves but put strict stop-loss.
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Sen9999 Member	28-Apr-2019 13:13        Sen9999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Depends who u think are the con people and who they think are the con people. What u think is not equalvalent to what it actually is. They probably have more information than us. Leehonghng      ( Date: 28-Apr-2019 11:50) Posted: Another con job another con company done by the con peoples . . . . . Why our SGX and CAD don't take actions against the con peoples ?? Justice888      ( Date: 28-Apr-2019 11:42) Posted: This I agree. Can always get out n buy in later or buy another counter. Don?t fall in love with a shar
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zillion Master	28-Apr-2019 12:24        zillion About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will it continue to Halt?
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Leehonghng Member	28-Apr-2019 11:50        Leehonghng About Contact  Quote this Post!
x 0   x 0  Alert Admin	Another con job another con company done by the con peoples . . . . . Why our SGX and CAD don't take actions against the con peoples ?? Justice888      ( Date: 28-Apr-2019 11:42) Posted: This I agree. Can always get out n buy in later or buy another counter. Don?t fall in love with a share eric998      ( Date: 28-Apr-2019 10:46) Posted: 无 风 不 起 浪 , better get out when there is a chance. Otherwise histories repeat and the shares become junk.
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AttasBoss Elite	28-Apr-2019 11:49        AttasBoss About Contact  Quote this Post!
x 0   x 0  Alert Admin	真 的 假 不 了 ,假 的 真 不 了
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Justice888 Supreme	28-Apr-2019 11:42        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This I agree. Can always get out n buy in later or buy another counter. Don?t fall in love with a share eric998      ( Date: 28-Apr-2019 10:46) Posted: 无 风 不 起 浪 , better get out when there is a chance. Otherwise histories repeat and the shares become junk.
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Sen9999 Member	28-Apr-2019 11:24        Sen9999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think when people don't understand the true operation of the business, don't bother to understand, what they are comparing is just the part that they read or understand(just like the story of the three blind man describing the elephant). Then it's simply not very responsible. Why don't compare cases when reports were wrong? Reminds me of the pple who will just simply hide when the tide changes (sounds familiar?) 😝
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eric998 Supreme	28-Apr-2019 10:46        eric998 About Contact  Quote this Post!
x 0   x 0  Alert Admin	无 风 不 起 浪 , better get out when there is a chance. Otherwise histories repeat and the shares become junk.
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Starship Supreme	28-Apr-2019 10:31        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Whart a joke................... BEST WORLD INTERNATIONAL LIMITED Company Registration No. 199006030Z APPROVAL FOR EXTENSION OF TIME TO HOLD THE ANNUAL GENERAL MEETING FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 The Board of Directors (the &ldquo Board&rdquo ) of Best World International Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) refers to the Company&rsquo s announcements dated 23 February 2019 and 19 March 2019 in relation to the independent review of the Franchise Model adopted by the Group in China in 2018 (the &ldquo Review&rdquo ) and 17 April 2019 in relation to its application to SGX RegCo for an extension of time of two (2) months to hold the AGM in respect of FY2018 (collectively, the &ldquo Previous Announcements&rdquo ). Unless otherwise defined, all capitalised terms used herein shall bear the meanings ascribed to them in the Previous Announcements. The Company is pleased to announce that based on the Company&rsquo s submissions and representations to SGX RegCo, SGX RegCo has informed the Company today that it has no objection to the Company&rsquo s application for an extension of time of two (2) months till 30 June 2019 for the Company to convene the AGM and a corresponding extension of time till 16 June 2019 to issue its annual report to the Company&rsquo s shareholders (&ldquo Shareholders&rdquo ) and the SGX-ST (the &ldquo Waiver&rdquo ) with regard to compliance with Rules 707(1) and 707(2) of the Mainboard Rules of the SGX-ST (the &ldquo Listing Rules&rdquo ), subject to the following conditions: (a) the Company announcing the Waiver granted, the reasons for seeking the Waiver, the conditions as required under Rule 107 of the Listing Rules and if the Waiver conditions have been satisfied. If the Waiver conditions have not been met on the date of the announcement, the Company must make an update announcement when the conditions have all been met and (b) the Company convening the AGM by 30 June 2019. As announced by the Company on 17 April 2019, the Company had made the application for the Waiver as the Board believes that the objective of the Review would be better achieved if the AGM is postponed until the Independent Reviewer completes the Review and the executive summary of its key findings have been announced on SGXNet. This would enable the Company&rsquo s shareholders to have more information on the Franchise Model and to clarify any questions that they may have at the AGM. Please refer to the Company&rsquo s announcement dated 17 April 2019 for further details of the Company&rsquo s reasons for making the application for the Waiver. The Company has on 26 April 2019 submitted an application to the Accounting and Corporate Regulatory Authority for an extension of time to hold the AGM under Section 175(2) of the Companies Act and to lodge its annual return for FY2018 under Section 197(1B) of the Companies Act. Following the disclosures in the Company&rsquo s announcement dated 17 April 2019 and this announcement, the Company has complied with condition (a) of the Waiver set out above. The Company will make further announcements to update Shareholders as and when the conditions of the Waiver have been complied with and on the outcome of the application to ACRA. BY ORDER OF THE BOARD Huang Ban Chin Director and Chief Operating Officer 27 April 2019  https://links.sgx.com/FileOpen/2019%2004%2027%20Best%20World%20-%20SGX%20Approval%20of%20Waiver.ashx?App=Announcement& FileID=556552
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Starship Supreme	28-Apr-2019 10:27        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	BEST WORLD INTERNATIONAL LIMITED Company Registration No. 199006030Z EXTENSION OF TRADING HALT The Board of Directors (the &ldquo Board&rdquo ) of Best World International Limited (the &ldquo Company&rdquo ) refers to the trading halt requested by the Company at 11.25 a.m. on 24 April 2019 in order to prepare, finalise and release an announcement in connection with the short seller report issued by Bonitas Research. The Board would like to inform shareholders that the Company has consulted the SGX-ST, and at the Company&rsquo s request, the SGX-ST has granted an extension of the trading halt of five days (i.e., the trading halt may be lifted no later than 8.30 a.m. on 6 May 2019 (Monday)). BY ORDER OF THE BOARD Huang Ban Chin Director and Chief Operating Officer 27 April 2019  https://links.sgx.com/FileOpen/2019%2004%2027%20Best%20World%20-%20Extension%20of%20Trading%20Halt.ashx?App=Announcement& FileID=556551
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