(Unless otherwise defined, the definitions set out in the announcements dated 6 February 2018, 21 March 2018, 29 March 2018, 30 May 2018, 24 July 2018,1 Aug 2018, 22 Nov 2018, 17 January 2019 and 30 January 2019 (“Announcements”) shall apply herein.)

We refer to the Company’s Announcements in relation to the non-compliance of the Required Public Spread and the Bursa Securities’ letter dated 30 January 2019 granting the Company a further extension of time of six (6) months until 4 August 2019 to comply with the Required Public Spread.

The Board of Directors of MCT wishes to announce that based on the Record of Depositors as at 21 May 2019, the public shareholdings spread is 18.74%. As a result of the Company’s efforts since the Company’s Announcement dated 30 January 2019, the public shareholdings spread has increased by 4.60%.

Despite the Company’s best efforts, the Company currently does not meet the requirement as set out in paragraph 8.02(1) of the Listing Requirements which states that a listed issuer must ensure that at least 25% of its total listed shares (excluding treasury shares) are in the hands of public shareholders.

To rectify the non-compliance with the Required Public Spread, the Company is extensively exploring various options including:

(a)Discussing with the Company’s major shareholders on the possibility of selling-down its shareholding to public shareholders;

(b)Engaging with investment banks on private placement exercises to placees who are deemed public; and

(c)Intensifying communications with potential investors, analysts, research houses and shareholders to instil investor confidence and create better awareness and understanding of the Company’s business to increase take up of shares while retaining public shareholders in the Company.

The Company will continue to monitor the level of public shareholdings and make the necessary announcement in relation to the status of compliance with the Required Public Spread in accordance with the Listing Requirements.

This announcement is dated 28 May 2019.