Further to the application made on 20 December 2018 to Bursa Malaysia Securities Berhad ("Bursa Securities") seeking approval for extension of time to submit the Regularisation Plan, the Company hereby announced that Bursa Securities on their letter dated 8 March 2019 has decided to reject the Application as the Company has not demonstrated to the satisfaction of Bursa Securities any material development which would justify the ability of the Company to submit a reqularisation plan to the relevant authorities within the extended timeframe sought based on amongst others, the following:

(a)   The Company has not entered into any definitive agreement with any potential white knight;

(b)   The Company has not appointed any adviser including a Principal Adviser for its reqularisation exercise; and

(c)   The Company is currently not in discussions with any potential white knight.

This announcement is dated 11 March 2019.