Further to the Company's announcement made on 20 March 2020 pertaining to the MOU made between the Company and China Railway Engineering Corporation (M) Sdn Bhd (“CRECM”) to declare their respective intentions to establish a basis of co-operation and collaboration for the Engineering, Procurement and Construction (EPC) work for the Rehabilitation Work, the Board of Directors of the Company wishes to announce that there is no material development on the status of the MOU as announced previously.

This announcement is dated 19 June 2020.