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Corporation
scudcn.com

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Investments

1

About SCUD Group

SCUD Group (飞毛腿导弹) (HKG: 1399) is engaged in research and development, design, production and sale of various rechargeable lithium-ion battery modules in the PRC.

SCUD Group Headquarters Location

SCUD Industrial Park

Fuzhou, Fujian,

China

+86 0591-87308888

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Latest SCUD Group News

SCUD : MAJOR TRANSACTION DELAY IN DESPATCH OF CIRCULAR

Mar 17, 2020

0 Message : *Required fields Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. SCUD GROUP LIMITED (Stock Code: 01399) DELAY IN DESPATCH OF CIRCULAR Reference is made to the announcement of SCUD Group Limited (the "Company") dated 25 February 2020 (the "Announcement") in respect of, among other things, the major transaction in relation to the construction of the Staff Dormitory in the Scud Battery Industrial Park, for which the Company has obtained written Shareholders' approval from the Relevant Shareholders and accordingly, pursuant to Rule 14.44 of the Listing Rules, no general meeting of the Company will be held for the purpose of approving the Construction. Unless otherwise stated, capitalised terms used herein have the meanings ascribed thereto in the Announcement. As disclosed in the Announcement, the Circular containing, among other things, information on the Construction and other information as required under the Listing Rules was expected to be despatched to the Shareholders on or before 31 March 2020. As additional time is required for the Company to compile information for inclusion in the Circular, in particular the indebtedness statement as the Company and its auditors expect to experience difficulties and delay in obtaining the confirmations relating thereto from the relevant banks in the PRC due to delay in resumption of businesses of such banks, restrictions on travelling and disruption to postal services in the PRC as a result of measures taken by the government of the PRC in relation to the Coronavirus Disease 2019 (COVID-19), the despatch date of the Circular is expected to be * For identification purpose only - 1 - postponed to a date on or before 24 April 2020 and accordingly the Company has obtained a waiver from the Stock Exchange from strict compliance with Rule 14.41(a) of the Listing Rules. By Order of the Board SCUD GROUP LIMITED

SCUD Group Investments

1 Investments

SCUD Group has made 1 investments. Their latest investment was in EcoFlow as part of their Seed VC on March 3, 2018.

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SCUD Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/29/2018

Seed VC

EcoFlow

$4.77M

Yes

6

Date

3/29/2018

Round

Seed VC

Company

EcoFlow

Amount

$4.77M

New?

Yes

Co-Investors

Sources

6

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