We refer to the announcements dated 17 January 2018, 21 February 2018, 28 February 2018, 30 May 2018, 28 June 2018, 13 July 2018, 30 August 2018, 28 November 2018, 28 December 2018, 9 January 2019, 11 January 2019, 27 February 2019, 29 May 2019, 9 August 2019, 28 August 2019 and 20 November 2019 in relation to the Company’s non-compliance with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the LR of Bursa Securities (“Announcements”).

Unless otherwise defined herein, the abbreviations used in this announcement are the same as those previously defined in the Announcements.

Bursa Securities, vide its letter dated 21 January 2020, has granted the Company a further extension of time of six (6) months until 28 June 2020 to comply with the public shareholding spread requirement. 

The Board of TAG wishes to announce that the Company is in the process of planning and determining the various alternatives to address and to resolve the non-compliance with the public shareholding spread requirement. The Company will make the relevant announcement on the Company’s finalised plan to address the public spread requirement in due course.

This announcement is dated 21 January 2020.