(Unless otherwise stated, all abbreviations used herein shall have the same meaning as those mentioned in the announcements dated 14 September 2016, 07 December 2016, 04 April 2017 and 05 July 2017 in relation to the Order pursuant to Section 366 and Section 368 of the Companies Act, 2016 (formerly, Section 176(1) and Section 176(2) of the Companies Act 1965) (“Announcements”))

Pursuant to the Company’s application, the High Court of Malaya in Penang has granted the Order dated 22 January 2018 to the Company and the EKA Group to convene Creditors’ Meeting and Members’ Meeting pursuant to Section 366 of the Companies Act 2016 within 90 days from 22 January 2018 between 9 am and 5 pm.

All further proceedings or actions against the Company and/or the EKA Group by any party including the scheme creditors but not limited to any winding-up proceeding or taking of any action or proceeding, and so on, or in any way under any form of guarantee or indemnity granted to or conferred by the Company and/or the EKA Group, any enforcement, detention, or any other form of execution of any judgement or order against the Company and/or the EKA Group, any execution of the rights or remedies or powers of appointment of any receiver and manager over the Company or any of the EKA Group (including but not limited to the taking of any actions or proceedings or continuing with the exercise or rights or remedies under any Debenture, the sale of any asset that is the subject of any security interest created by the Company and/or the EKA Group, repossession of any plant, equipment or machinery under lease or hire purchase and any arbitration proceedings be restrained for a period of 90 days effective from 22 January 2018.

The Order is not expected to have any material impact on the financial and operational matters of EKA Group as the Order is to solely facilitate the Company and the EKA Group’s scheme of arrangement.

This announcement is dated 02 February 2018.