Pursuant to Paragraph 8.23(1)(ii) and Paragraph 3.0 of the Practice Note 11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of the Company wishes to announce that the aggregate amount of financial assistance provided to WCT TSR Sdn Bhd, a 49% owned joint venture company of TSR ("Provision of Financial Assistance") to facilitate ordinary course of business of TSR Group utilised as at 31 March 2020 is as shown below:-

1. Corporate guarantee amounted to RM45,982,000 in favour of financial institutions for banking facilities granted to the joint venture; and

2. Corporate guarantee amounted to RM13,600,000 in favour of suppliers for goods and services granted to the joint venture.

The provision of financial assistance does not have any material impact on the net assets and earnings per share for the current quarter ended 31 March 2020.

This announcement is dated 30 June 2020.