Reference is made to the Company’s announcements dated 7 October 2019, 6 January 2020, 25 February 2020, 6 April 2020 and 18 May 2020 in relation to the MOU ("Announcements"). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the aforesaid Announcements.
 
On behalf of the Board of Directors of SSB, Hong Leong Investment Bank Berhad wishes to announce that SSB and AJRB have, via a mutual termination agreement dated 27 May 2020 ("Termination Agreement"), mutually agreed to terminate the MOU with immediate effect due to uncertain market conditions caused by the Covid-19 pandemic.
 
The termination of the MOU is not expected to have any material effect on the consolidated earnings and net assets per share of the Company for the financial year ending 30 June 2020.
 
A copy of the Termination Agreement will be made available for inspection at the registered office of SSB at Level 31, Menara Hong Leong, No. 6, Jalan Damanlela, Bukit Damansara, 50490 Kuala Lumpur during normal business hours from Mondays to Fridays (except public holidays) for a period of 3 months from the date of this announcement.
 
This announcement is dated 27 May 2020.