1. INTRODUCTION

Our announcements made on 17 October 2017, 11 January 2019, 28 February 2019, 30 May 2019, 30 August 2019, 28 November 2019, 30 January 2020, 28 May 2020,  28 July 2020 and 27 August 2020 in relation to the provision of financial assistance in the form of CG provided by KPS of RM4,447,200.00 to CSSB in favour of KPS-HCM in proportion to the 51% shareholding held by the Company in KPS-HCM in relation to the Contract (as defined in the earlier announcements) awarded by CSSB to KPS-HCM vide CSSB’s letter of award dated 13 June 2017 (“Provision of Financial Assistance”) refer.

2. QUARTERLY UPDATE ON PROVISION OF FINANCIAL ASSISTANCE

Pursuant to Paragraph 3.1 of Practice Note 11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of KPS wishes to update that the Provision of Financial Assistance as mentioned in Section 1 above remains unchanged during the quarterly reporting period from 1 July 2020 to 30 September 2020. Details of which are set out below:

The Provision of Financial Assistance is not expected to have material impact on the earnings per share, net assets per share and gearing of KPS Group for the financial year ending 31 December 2020.

This announcement is dated  27 November 2020.