Reference is made to our announcement dated 02  November, 2018, 07  December, 2018, 09  January, 2019, 13  February, 2019, 18  March 2019, 15 April 2019, 08 May 2019, 12 June 2019, 01 July 2019, 01 August 2019, 03 September 2019, 04 October  2019, 4 November 2019 and 04 December 2019 (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

The Board of Directors of the Company wishes to inform that with regards to the appeal against the order for sale of the charged land, on 9 December 2019, the Court fixed the application for case management on 14 January 2020.

As regards the Plaintiff application for summary judgment and an application to strike out the Company’s counterclaim, on 5 December 2019, the Court made directions for the Defendant to file Affidavit by 12 December 2019 and all parties to file their written submissions by 16 January 2020 and written submission in reply by 6 February 2020.  The Court fixed for decision on 13 February 2020.

As regards the suit by Huang Hong against Affin Hwang, there is no change to the mention date of 10 January 2020 to monitor pleadings as fixed by the Court..

This announcement is dated 7 January 2020.