We refer to the announcement dated 3 March 2020, 12 March 2020 and 18 May 2020 ("Announcement") in relation to the signing of the Share Purchase Agreement dated 3 March 2020 between TH Plantations Berhad (“THP”) and TDM Berhad (“SPA”) with regards to the sale and purchase of 25,900,000 ordinary shares of the issued share capital in THP-YT Plantation Sdn Bhd (THP-YT) and the Settlement Agreement dated 3 March 2020 between TDM Berhad, THP Suria Mekar Sdn Bhd (“THPSM”) and THP-YT (“SA”).

Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcement.

The Board of Directors of TDM Berhad (“TDM”) wishes to announce that TDM had on 1 July 2020 entered into two (2) Second Variation Letters each to vary and/or amend the terms of SPA and SA dated 3 March 2020 respectively (the two letters are collectively referred to as the “Second Variation Letters”).

The details of the announcement are set out in the attachment below. 

This announcement is dated 1 July 2020.