Reference is made to Nationwide Express Holdings Berhad ("NEHB" or "the Company") announcements dated 24 February 2020, 24 March 2020, 4 May 2020, 22 May 2020, 2 June 2020 and 1 July 2020 ("the Announcements") and the circular issued by Bursa Securities Malaysia Berhad ("Bursa Securities") dated 26 March 2020 in relation to additional relief measures granted to listed issuers due to outbreak of COVID-19 and implementation of Movement Control Order by Government of Malaysia ("Bursa Securities' Circular"). Unless otherwise defined, the terms herein shall bear the same meaning as defined in the Announcements.

In compliance with Paragraph 4.1(c) of Practice Note 17 of Main Market Listing Requirements, the Board of Directors of NEHB wishes to announce that the Company is presently looking into formulating a regularisation plan to address its financial condition ("Regularisation Plan").

Pursuant to Bursa Securities' Circular, the Company is required to submit a Regularisation Plan to the relevant regulatory authorities on or before 23 February 2022, for approval to implement the Regularisation Plan, which is approximately eighteen (18) months from the date hereof.

This announcement is dated 3 August 2020.