The Company wishes to announce that on 15 December 2021, Bursa Securities has issued a letter to the Company in relation to the appeal against the Winding Up Order dated 15 October 2019 (“Winding-Up Order”) of Company (“Letter”).

Bursa Securities requires the Company to confirm whether there is any legal challenge(s)/proceedings filed against the Company’s Winding-Up Order (including any appeal against and/or application to stay/set aside the Winding-Up Order), and if yes, the details and status of the legal challenge(s)/proceedings together with relevant documentary evidence (“Confirmation”).

Bursa Securities shall de-list the Company pursuant to Paragraph 16.11(2)(d) of the Main LR if the Confirmation is not provided to Bursa Securities by 29 December 2021.

In respect of the above, the Company hereby confirms that:-

There is no legal challenge(s)/proceedings filed against the Winding-Up Order (including any appeal against and/or application to stay/set aside the Winding-Up Order against the Company); and

The Liquidator is of the view that the Company is unable to regularise the financial position in accordance with PN17 of the Main LR. As such, the Liquidator does not have any objection on the delisting of the Company as per the Letter.

This announcement is dated 27 December 2021.