Reference is made to the Company’s first announcement dated 19 January 2018 and monthly announcements made (“Announcements”) pursuant to PN17 of the Listing Requirements.

(Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as those defined in the Announcements.)

The Board wishes to inform that the Company is in the midst of formulating the Proposed Regularisation Plan and there has been no material development on the Proposed Regularisation Plan to date.

The Company is required to submit the Proposed Regularisation Plan to the regulatory authorities for their approval before 18 January 2020.

For the avoidance of doubt, the 3rd Extension of Time Application has been submitted to Bursa Securities on 16 January 2020.

An announcement in relation to the outcome of the 3rd Extension of Time Application will be released in due course.

 This announcement is dated 3 February 2020.