We refer to the Company’s announcement made on 2 October 2015 in relation to the following:-

(a)        Sale and Purchase of Shares Agreement (“SSA”) between the Company’s wholly-owned subsidiary, Talam Plantations Sdn Bhd (“TPSB”) and Larut Leisure Enterprise Sdn Bhd (“LLE”) for the disposal of 100 ordinary shares of HK$1.00 each representing 100% equity interest in Talam Corporation (HK) Limited (“TCHK”) by TPSB to LLE, for a cash consideration of RM1.00 only (“Disposal 1”); and

(b)       SSA between the Company’s wholly-owned subsidiary, Larut Overseas Ventures Sdn Bhd (“LOVSB”) and Maxisegar Education Sdn Bhd (“MESB”) for the disposal of 2 ordinary shares of HK$1.00 each representing 100% equity interest in Larut Consolidated (HK) Limited (“LCHK”) by LOVSB to MESB, for a cash consideration of RM1.00 only (“Disposal 2”).

(Disposal 1 and Disposal 2 are collectively known as “the Disposals”.)

The Board of Directors of the Company wishes to announce that on 9 October 2015, the Disposals have been completed and TCHK and LCHK have ceased to be subsidiaries of the Company.

This announcement is dated 9 October 2015.