The Board of Directors of MSPORTS wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") vide its letter dated 13 March 2020, resolved to :-

a) dismiss the Company's appeal for an extension of time until 31 July 2020 to submit a regularisation plan to the relevant authorities for approval; and

b) dismiss the Company's appeal for Bursa Securities not to de-list the securities of MSPORTS from the official List of Bursa Securities pursuant to paragraph 8.04 of the Main Market Listing Requirements of Bursa Securities.

In the circumstances, the securities of the Company shall be removed from the Official List of Bursa Securities on Wednesday, 18 March 2020.

Effect of De-listing from the Official List of Bursa Securities

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 It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.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 anytime 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.

This announcement is dated 16 March 2020.