The Board of Directors of PinePac (“Board”) refers to the announcement dated 3rd September 2019 and 3rd October 2019 in relation to the Company being classified as an affected listed issuer pursuant to Paragraph 8.03A(2) of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“First Announcement”).

The Board wishes to inform that subsequent to our announcement dated 3 October 2019, the Company is still evaluating on the options available to regularize the Company affected listed issuer status. 

The Company has approximately 10 months to submit a regularisation plan to the relevant authorities for approval and will make further announcements in relation to any latest development in accordance with the requirements under Paragraph 8.03A of the MMLR.

This announcement is dated 1 November 2019.