Reference is made to the letter dated 21st September 2020 from Bursa Malaysia Securities Berhad ('Bursa Securities') in relation to the sharp rise in price and volume of MCE Holding Berhad ('MCE') shares recently.

In accordance with Paragraph 9.11 of the Main Market Listing Requirements ('MMLR') of Bursa Securities, the Board of Directors of MCE after having made due enquiries with all the Directors, those major shareholders that are immediately contactable and such other relevant persons, wishes to inform that to the best of their knowledge:

1.    The Board is not aware of any corporate developments relating to the Group's business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion.

2.    The Board is not aware of any rumour or report concerning the business and affairs of the Group that may account for the trading activity.

3.    The Board is not aware of any possible explanation to account for the trading activity save and except for the following:

• A Director and major shareholder of MCE, had been approached by certain interested parties who had expressed interests in acquiring MCE shares.
• However, the approach and discussion at this juncture is at a very preliminary stage and no agreement and/or conclusions have been made, reached or firmed up in respect of the discussion so far.
• The Director and major shareholder will make the necessary disclosure and an announcement made to Bursa Securities in the event any agreement is concluded from the approach and discussion.

4.    The Board is in full compliance with Bursa Securities MMLR, in particular Paragraph 9.03 on immediate disclosure obligations.

This announcement is dated 22nd September 2020.