Further to the Company’s announcement on 1 October 2020, Kossan wishes to announce that the Company has finalised the remediation of recruitment fees to migrant workers of RM54 million.

According to our remediation payment program which was earlier targeted to be completed within 18 months with the final payment in March 2022, Kossan has of today paid a total remediation fee of RM29 million to our migrant workers.

Kossan has decided to accelerate the payment of the balance remediation fee in a lump sum payment amounting to RM25 million by the end of June 2021.

Kossan remains committed to upholding responsible recruitment practices in-line with our zero-cost recruitment policy.

This announcement is dated 10 June 2021.