Reference is made to the First Announcement made on 11 January 2018 and the monthly announcements made by the Company in relation to the Company being classified as a Practice Note 17 (“PN 17”) Issuer pursuant to the requirements under PN17 of the Main Market Listing Requirements (collectively referred to as “Announcements”) of Bursa Malaysia Securities Berhad (“Bursa Securities”).

The Board of Directors of CAP (“Board”) wishes to announce that the Company had on 22 February 2021 entered into a memorandum of understanding (“MOU”) with Gan Kah Siong (“GKS” or “Vendor”), being the controlling shareholder of Idaman Sejiwa Development Sdn Bhd (Registration No. 201301009006 (1038848-V)) (“ISD”) to negotiate in good faith with a view of entering into a definitive share sale agreement(s) (“SSA”) for the acquisition by CAP of the entire equity interest of ISD (“Proposed Acquisition”) and the other key proposals to be implemented under the proposed regularisation plan in respect of CAP.

Please refer to the attachment for further details.

This announcement is dated 22 February 2021.