The Board of Directors ("Board") of the Company wishes to announce that the Company has on 3 December 2019 received a resignation letter from Afrizan Tarmili Khairul Azhar (AFTAAS) on their resignation as Auditors of the Company with immediate effect.

AFTAAS who has been the Auditors of the Company were re-appointed as the Auditors of the Company at the Tenth Annual General Meeting (“AGM”) held on 20 June 2019 to hold office until the conclusion of the next AGM.

The resignation of AFTAAS was due to the sanctions imposed upon them by the Audit Oversight Board which, inter alia, prohibits them from auditing the financial statements of a public interest entity for 12 months with effect from 25 November 2019.

Save for the above, the Board is not aware of any matter that need to be brought to the attention of the shareholders of the Company.

Further announcement will be made by the Company on the appointment of new auditors in due course.

This announcement is dated 3 December 2019.