Unless otherwise defined, all defined terms used in the announcement shall have the same meaning as defined in the company announcements dated 29 September 2015 and 2 October 2015.

Further to the Company’s announcements dated 29 September 2015 and 2 October 2015, the Board of Directors of OCR wishes to announce that the Company had terminated the Share Sale Agreement dated 29 September 2015 entered into with Mr. Tan Teck Ang and Mr. Chen Ling Wah (“Seller”) for the purchase of 50% of the issued and paid-up capital of A.W. Impian Land Sdn. Bhd. on the basis that the seller had failed to fulfil the Conditions Precedent as stated in Clause 3A of the SSA on or before the Extended Cut-Off Date, i.e. 28 April 2016.

The Seller had on 22 July 2016 agreed that the deposit of RM900,000.00 be refunded by nine (9) monthly instalments by way of nine (9) post-dated cheques, details of which as follows:-

The termination will not have any material effect on the earnings or net assets of OCR for the financial year ending 31 July 2016.

None of the directors or substantial shareholders of OCR and persons connected to them have any interest, direct or indirect, in the above-mentioned termination.

This announcement is dated 22 July 2016.