The Board of Directors of the Company wishes to announce that the Company had on 13 June 2018,  incorporated a wholly-owned subsidiary in Malaysia, namely Comintel Ship Systems Corporation Sdn Bhd (“Comintel Ship”). The registered share capital of Comintel Ship is Ringgit Malaysia Two Hundred (RM200.00) divided into two hundred ordinary shares of RM1-00 each. The Certificate of Incorporation was received on 13 June 2018.

The intended principal activity of Comintel Ship is to design and integrate of naval, enforcement and commercial vessels, electrical and electronic systems including machinery and damage control, combat management, integrated communication, integrated bridge and navigation, alarm and announcing and machinery propulsion systems and provision of complete turnkey for the whole-ship electrical, mechanical and electronic systems integration for vessels of any size and complexity.

Save for Mr Leng Keng Hok @ Lim Keng Hock being the common Director of Comcorp and Comintel Ship, none of the other directors and/or major shareholders of Comcorp or persons connected to the directors and/or major shareholders of Comcorp have any interest, direct or indirect in the said incorporation

This announcement is dated 13 June 2018.