The Board of Directors of CNI wishes to announce that CNI Global (Malaysia) Sdn Bhd (“CNIG”), a wholly-owned subsidiary of the Company had on 1 July 2020 entered into a Share Sale Agreement (“SSA”) with the following purchasers (“Purchasers”) for the disposal of its 100% equity interest comprising 250 ordinary shares of USD100 each (“CNIM Shares”) in Creative Network International (Myanmar) Co., Ltd (“CNIM”) for a total cash consideration of USD1 only (“Disposal Consideration”) in accordance with the terms and conditions of the SSA (“Proposed Disposal”):

Please refer to the attachment for details of the Proposed Disposal.

This announcement is dated 3 July 2020.