Reference is made to the Circular to shareholders dated 14 February 2018 in relation to the Proposed Selective Capital Reduction and Repayment ("Proposed SCR") wherein it is stated that the Proposed SCR is subject to and conditional, inter alia to the approval of the Ministy of International Trade and Industry ("MITI") for the removal of the equity conditions in the Manufacturing Licences issued to the LCTH Group, i.e. for the wholly-owned subsidiary, Classic Advantage Sdn Bhd ("CASB").

The Board of Directors of LCTH is pleased to inform that CASB has today received MITI's letter dated 19 April 2018 approving the removal of the equity condition in the Manufacturing Licenses of CASB.

This announcement is dated 24 April 2018.