We refer to the Company’s announcement dated 6 December 2016 (“First Announcement”) in relation to the Company triggering the prescribed criteria pursuant to Paragraph 8.04 and Paragraph 2.1(e) of Practice Note 17 (“PN17”) of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”). We further refer to the Company’s announcements dated 5 December 2017, 8 December 2017, 12 January 2018, 4 June 2018, 28 June 2018, 3 December 2018, 9 January 2019, 28 February 2019 as well as the subsequent monthly announcements relating to the status of the PN17.

The Company had on 27 March 2019 received a letter of suspension and de-listing of the securities of SMCB from Bursa Securities whereby Bursa Securities had rejected the Company's application for a further extension of time to make the Requisite Announcement and submit the Company’s regularisation plan.

In the circumstances and pursuant to Paragraph 8.04(5) of the MMLR: 

a)         the trading in the securities of the Company will be suspended with effect from 4 April 2019; and

b)         the securities of the Company will be de-listed on 8 April 2019 unless an appeal against the de-listing is submitted to Bursa Securities on or before 3 April 2019 (the “Appeal Timeframe”). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities.

In the event the Company submits an appeal to Bursa Securities within the Appeal Timeframe, the removal of the securities of the Company from the Official List of Bursa Securities on 8 April 2019 shall be deferred pending the decision on the Company’s appeal.

With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn Bhd (“Bursa Depository”), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.

Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates, can withdraw these securities from their Central Depository System (CDS) accounts maintained with Bursa Depository at any time after the securities of the Company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities’ General Line at 03-2034 7000 for further information on the withdrawal procedures.

Upon the de-listing of the Company, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company’s performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.

Further, in the event the Company submits an appeal to Bursa Securities, the Company is required to make an announcement of the appeal and that the removal of the securities of the Company on 8 April 2019 will be deferred pending the decision on the Company's appeal by Bursa Securities.

The Board will deliberate on the next course of action and will make the relevant announcement in due course.

This Announcement is dated 27 March 2019.