The retiring Auditors Messrs Ernst & Young PLT has indicated to the Company that they do not wish to seek for re-appointment at the forthcoming annual general meeting of the Company.

In this regard, the Board of Directors of the Company wishes to inform that the Company has received a Notice of Nomination on 10 June 2020 from Tan Chee Hoe & Sons Sdn. Bhd., Major Shareholder of the Company, for the nomination of Messrs Grant Thornton Malaysia PLT as Auditors of the Company in place of the retiring Auditors, Messrs Ernst & Young PLT and to hold office until the conclusion of the next annual general meeting of the Company, at a fee to be determined by the Directors at a later date ("Proposed Appointment of Auditors").

The Proposed Appointment of Auditors, subject of receiving a Consent Letter from Messrs Grant Thornton Malaysia PLT, will be tabled for shareholders' approval at the forthcoming Thirty Fifth Annual General Meeting of the Company to be convened.