Further to our announcement made on 18 April 2016, the Company wishes to announce that it has been informed today by Tan Sri Dato’ (Dr) Ir Chan Ah Chye @ Chan Chong Yoon (“TSDCAC”), a Director and major shareholder of the Company, in relation to the Second Tranche Sale Shares, that WCEHB and TSDCAC had via a Letter dated 16 August 2017 mutually agreed to:-

(a)        extend the Second Completion Date for the Second Tranche Sale Shares for a further twelve (12) months, thereby amending the last day of the Second Completion Date from 16 August 2017 to 16 August 2018 (“Extended Second Completion Date”) or such other extension of time or later date as the parties may agree in writing.

(b)        the extended period, so far as the Second Purchase Price remains unpaid, shall bear interest at a rate of 5.0% per annum.

(c)        all other terms of the Share Sale Agreement dated 17 October 2014 and the Supplemental Agreement dated 28 August 2015 remain unchanged.

This announcement is dated 17 August 2017.