We refer to the First Announcement made by the Company on 25 October 2019 in relation to the Company being classified as an affected listed issuer under PN17, and the subsequent monthly announcements made on 2 December 2019, 2 January 2020, 3 February 2020, 2 March 2020, 1 April 2020, 4 May 2020, 2 June 2020, 1 July 2020, 3 August 2020, 1 September 2020, 2 October 2020, 2 November 2020, 1 December 2020, 4 January 2021, 2 February 2021 and 1 March 2021.

The Board of Directors wishes to inform that the Company is in the midst of formulating a plan to regularise its financial conditions ("Regularisation Plan"). The Company has until 24 October 2021 to submit its Regularisation Plan to the relevant authorities for approval. The Company still has approximately seven (7) months until 24 October 2021.

The Board will release further announcement(s) on the development of the Regularisation Plan in due course.

This announcement is dated 1 April 2021.