Reference is made to the Company’s previous announcements made on 21 January 2020, 31 January 2020, 18 February 2020, 24 March 2020, 13 April 2020, 22 May 2020, 26 June 2020 and 30 June 2020 (“the Announcements”) in relation to the trading suspension of ATTA Securities and development of the investigation on the offence under the Dangerous Drugs Act, 1952.

The Board of Directors of ATTA wishes to inform the further developments of the above matters as follows:

1.       Updates on the Forfeiture Case (No Case: PA-64-FOP-22-04/2020) 

Reference is made to the Company’s announcement made on 22 May 2020 and 26 June 2020 in respect of the Forfeiture of the Seized Properties Case.

Following the first case management held on 2 July 2020 at Sessions Court 2, Georgetown, the Court had fixed another case management on 8 September 2020 to enable all Claimants to appoint legal representatives and to submit their representation letters to the Attorney General Chamber (“AGC”), Putrajaya to be considered.

In this connection, the Company had on 6 July 2020 submitted the Company’s representation letter to the AGC. The Company had explained in the representation letter on the historical background, business operation of the Company and how the seized properties were legitimately acquired by the Company. The Company had furnished the AGC with the relevant evidences to be considered.

2.       Board and Board Committee’s Composition of ATTA After 30 June 2020

Reference is made to the Company’s announcement made on 30 June 2020 in relation to the change in Boardroom and Board Committee of ATTA.  The update on the Board and Board Committee’s composition of ATTA are as follows:

2.1     Board of Directors

The composition of the Board comprises seven (7) members, of whom four (4) are Executive Directors and three (3) are Independent Non-Executive Directors are as follows:

2.2    Audit Committee

The composition of Audit Committee are as follows:

2.3     Nominating Committee

The composition of Nominating Committee are as follows:

2.4     Remuneration Committee

The composition of Remuneration Committee are as follows:

2.5     Risk Committee

The composition of Risk Committee are as follows:

2.6     ESOS Committee

The composition of ESOS Committee are as follows:

This announcement is dated 15 July 2020.