The Board of Directors of Comcorp wishes to announce that the Company have on 25  June 2019 entered into a Settlement Agreement (“the Agreement”) with Ansat Broadcast to pay the sum of Ringgit Malaysia Four Million (RM4,000,000-00) Only as full and final payment of the entire debt (“Settlement Sum”) owned by Comintel Sdn Bhd (“Comintel”) to Ansat Broadcast under the Federal Court Order dated 18 August 2017 in Civil Appeal No.: 02(f)-12-03/2016(W) (“Federal Court Order”) and the High Court Oder dated 17 April 2019  in the High Court of Malaya at Shah Alam Companies (Winding Up) Petition No.: BA-28NCC-388-07/2018 (“High Court Order”). 

Please refer to the attachment for details.

This announcement is dated 25 June 2019.