Material Information of Roshan Packages Limited

Karachi, Roshan Packages Limited informed Pakistan Stock Exchange that the Company has signed a settlement agreement with M/s. Shandong Yongtai Paper Mills Limited, Mr. Sun Tao and Mr. Syn Jinhao shareholders of M/s. Roshan Sun Tao Paper Mills Private Limited (subsidiary) at a price of PKR 81,675,825.

Roshan Enterprises launched in 1989 to export Pakistan’s fruits to the world. Roshan Packages Limited was incorporated in Pakistan as a private company limited by shares on 13 August 2002. The Company was converted into a public limited company on 23 September 2016 and got listed on Pakistan Stock Exchange Limited on 28 February 2017. It is principally engaged in the manufacture and sale of corrugation and flexible packaging materials.

The total numbers of shares are 141,900,000. The Earnings per share is 1.75 in 2020 which was (0.19) in 2019. The Profit after Taxation is 247,962,000 in 2020 which was (26,898,000) in 2019.