Reference is made to the Company’s announcements dated 9 January 2020 in relation to the MOU and 16 January 2020 in relation to the application for a third extension of time for the Company to submit the proposed regularisation plan to the regulatory authorities (“3rd Extension of Time Application”) (“Announcements”).

                                                                             
(Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as those defined in the Announcements).

The Company has received a suspension and de-listing notice from Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 4 March 2020 wherein Bursa Securities has, vide its decision letter of even date, decided to reject the 3rd Extension of Time Application.

In light of the above, the Board of Directors of APFT wishes to inform that the Company has, on 10 March 2020, issued a termination letter to QEOS LED Sdn Bhd (“QEOS LED”) to terminate the MOU which was entered into between the Company and QEOS LED on 9 January 2020 with immediate effect.   

This announcement is dated 10 March 2020.