Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the Company’s announcement dated 17 December 2020 in relation to the Proposed Scheme of Arrangement.

We refer to the Company’s announcement made on 17 December 2020 in relation to the issuance of Explanatory Statement, together with the Notice to convene the meetings of Scheme Creditors to be held on 8 January 2021 pursuant to the provisions of Section 366 of the Act for the purpose of considering the Proposed Scheme of Arrangement, to the Scheme Creditors pursuant to Section 366 and other relevant provisions of the Act.

On behalf of the Board of Directors of PCB, we wish to inform that the Court Convened Meetings for the Non-Financial Institutions of PCB, Direct Financial Institutions of PCB, Corporate Guarantee Financial Institutions of PCBD and Non-Financial Institutions of PCBD held on 8 January 2021 have all been adjourned.

A fresh notice for the meetings will be circulated to all Scheme Creditors once the new date for the meetings has been confirmed, subject to application to the High Court of Malaya of the same.

This announcement is dated 8 January 2021.