Mr. Yuk Kan Kong reports
GLORIOUS CREATION LIMITED PROVIDES DEFAULT STATUS REPORT
Glorious Creation Ltd. has provided a status
update to the management cease trade order issued by the British Columbia Securities Commission on May 1,
2019. On May 1, 2019, the company announced that its annual financial statements, the related management's discussion and
analysis, and the related officer certifications for the financial year ended Dec. 31, 2018, will be delayed beyond the filing deadline of April 30, 2019.
As previously reported, the reason for the default in filing the annual filings prior to the required deadline is that the company
had insufficient funds to pay for such audit, but has since obtained a loan sufficient to pay, among other items, the cost of this
audit. The audit has been commenced and it is anticipated that the audit will be completed and the annual filings filed on
SEDAR before the end of May, 2019. Although the company cannot be certain of timing, there is reason to be confident in the
audit being completed in this time frame.
The company confirms that for as long as the MCTO is in effect, it intends to satisfy the provisions of the alternative information
guidelines set out in National Policy 12-203 Management Cease Trade Orders by providing updates of the status of this default
every two weeks by way of a news release and material change report.
We seek Safe Harbor.
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